Transaction included a US$1.76 Billion Debt Raise Comprising a US$710 Million Bond Offering and US$1.05 Billion Bank Debt Package
NEW YORK--(BUSINESS WIRE)--EnfraGen, LLC (“EnfraGen” or the “Company”) and its joint owners, Glenfarne Group, LLC and Partners Group, acting on behalf of its clients, announced today that its recently completed refinancing transaction has been awarded the “LatAm Power Deal of the Year” by Project Finance International (“PFI”). PFI cited the deal as “the largest and most impressive debt deal this year in the power space in Latin America” and also said, “The size and complexity of this deal, the various geographies, and the two markets of execution made this the region’s best.”
“This award is a tribute to the talented team that worked countless hours to make this refinancing a success,” said Brendan Duval, EnfraGen CEO and Founder and Managing Partner of Glenfarne Group. “This transaction has created substantial financial flexibility for the EnfraGen business so that we can continue pursuing the significant market opportunities in front of us and advancing the energy transition process.”
Ed Diffendal, Managing Director, Private Infrastructure Americas, Partners Group and EnfraGen Board Member added, “Partners Group is extremely proud of this significant achievement and congratulates everyone involved in the transaction on this award. We look forward to furthering the growth and transformation of the EnfraGen business on behalf of all its stakeholders through our continued active partnership with Glenfarne and the EnfraGen management team."
On December 10, EnfraGen Energía Sur, S.A.U., Prime Energía SpA, and EnfraGen Spain, S.A.U., (the “Issuers”) announced the pricing of their US$710 million 5.375% senior secured notes due 2030 (the "Notes") to be issued on December 17, 2020 pursuant to a Rule 144A/Regulation S transaction. The Issuers are indirect subsidiaries of EnfraGen, a developer, owner, and operator of grid stability and renewable energy infrastructure businesses in Latin America. The primary use of proceeds from the Notes, combined with a pari passu US$1.05 billion bank debt package for a total of US$1.76 Billion, will be to refinance EnfraGen's existing debt portfolio and to fund EnfraGen's additional growth.
Disclaimer: This is not an offer of securities for sale in the United States. The Notes have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.
About EnfraGen, LLC
EnfraGen is a developer, owner, and operator of grid stability and value-added renewable energy infrastructure businesses across Latin American investment-grade countries. EnfraGen’s grid stability assets supply flexible capacity and energy to local and regional grids in support of renewable power plant intermittent energy production. EnfraGen’s renewable plants are smaller scale, distributed solar photovoltaic and hydroelectric assets that take advantage of unique access points to electrical infrastructure or are located in optimized geographical locations. The business’ mission is to support the transition to zero-carbon emission electric grids.
EnfraGen is jointly controlled by Glenfarne Group, LLC and global private markets investment manager Partners Group, on behalf of its clients, and has operational and in-construction assets across its subsidiaries totaling over 1.4 GW of installed capacity. The company, including its affiliates and subsidiaries, is supported by a team of approximately 275 professionals. EnfraGen maintains offices and assets in Chile, Panama, Colombia, and the United States.
About Glenfarne Group, LLC
Glenfarne is a privately held energy and infrastructure development and management firm based in New York City and Houston, Texas with offices in Panama City, Panama; Santiago, Chile and Bogota, Colombia. Glenfarne's seasoned executives, asset managers and operators develop, acquire, manage and operate energy and infrastructure assets throughout North and South America and Asia. For more information, please visit www.glenfarnegroup.com.
About Partners Group
Partners Group is a leading global private markets investment manager. Since 1996, the firm has invested over USD 135 billion in private equity, private real estate, private debt and private infrastructure on behalf of its clients globally. Partners Group is a committed, responsible investor and aims to create broad stakeholder impact through its active ownership and development of growing businesses, attractive real estate and essential infrastructure. With over USD 96 billion in assets under management as of 30 June 2020, Partners Group serves a broad range of institutional investors, sovereign wealth funds, family offices and private individuals globally. The firm employs more than 1,500 diverse professionals across 20 offices worldwide and has regional headquarters in Baar-Zug, Switzerland; Denver, USA; and Singapore. It has been listed on the SIX Swiss Exchange since 2006 (symbol: PGHN). For more information, please visit www.partnersgroup.com or follow us on LinkedIn or Twitter.
Kris Cole
This email address is being protected from spambots. You need JavaScript enabled to view it.
(310) 652-1411
DUBLIN--(BUSINESS WIRE)--The "Wind Turbine Bearings - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
The publisher brings years of research experience to the 8th edition of this report. The 179-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 Bearings Market to Reach $11 Billion by 2027
Amid the COVID-19 crisis, the global market for Wind Turbine Bearings estimated at US$5.1 Billion in the year 2020, is projected to reach a revised size of US$11 Billion by 2027, growing at a CAGR of 11.7% over the period 2020-2027.
Onshore Wind Turbine Bearings, one of the segments analyzed in the report, is projected to record 10.9% CAGR and reach US$8.1 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 Offshore Wind Turbine Bearings segment is readjusted to a revised 14.2% CAGR for the next 7-year period.
The U.S. Market is Estimated at $1.4 Billion, While China is Forecast to Grow at 15.2% CAGR
The Wind Turbine Bearings market in the U.S. is estimated at US$1.4 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$2.4 Billion by the year 2027 trailing a CAGR of 15.2% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8.2% and 10.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 9.1% 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/klykpo
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)--BBVA USA, as Trustee of the San Juan Basin Royalty Trust (the “Trust”) (NYSE:SJT), today declared a monthly cash distribution to the holders of its Units of beneficial interest (the “Unit Holders”) of $2,731,234.93 or $0.058599 per Unit, based primarily upon production during the month of November 2020, subject to certain adjustments by the owner of the Trust’s subject interests, Hilcorp San Juan L.P. (Hilcorp”), for prior months. The distribution is payable February 12, 2021, to Unit Holders of record as of January 29, 2021.
Based upon information provided to the Trust by Hilcorp, gas production for the subject interests totaled 1,428,504 Mcf (1,587,227 MMBtu) for November 2020, as compared to 1,440,001 Mcf (1,600,001 MMBtu) for October 2020. Dividing revenues by production volume yielded an average gas price for November 2020 of $3.14 per Mcf ($2.83 per MMBtu), as compared to an average gas price for October 2020 of $1.52 per Mcf ($1.37 per MMBtu).
Hilcorp has advised the Trust that the November 2020 reporting month included additional profits of $717,922 gross ($538,441 net to the Trust) based on true-ups for the June 2018, July 2018, August 2018, September 2018, and July 2020 production months.
Hilcorp also reported that for the reporting month of November 2020, revenue included an estimated $100,000 for non-operated revenue. For the month ended November 2020, Hilcorp reported to the Trust capital costs of $81,845, lease operating expenses and property taxes of $1,240,063, and severance taxes of negative $441,074 (credit to the Trust due to true-ups).
Contact: |
San Juan Basin Royalty Trust |
||||
|
BBVA USA, Trustee |
||||
|
2200 Post Oak Blvd., Floor 18 |
||||
|
Houston, TX 77056 |
||||
|
website: www.sjbrt.com |
e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it. |
|||
|
Joshua R. Peterson, Head of Trust Real Assets & Mineral Resources |
||||
|
and Senior Vice President |
||||
|
Kaye Wilke, Investor Relations, toll-free: (866) 809-4553 |
||||
Except for historical information contained in this news release, the statements in this news release are forward-looking statements that are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements generally are accompanied by words such as “estimates,” “anticipates,” “could,” “plan,” or other words that convey the uncertainty of future events or outcomes. Forward-looking statements and the business prospects of San Juan Basin Royalty Trust are subject to a number of risks and uncertainties that may cause actual results in future periods to differ materially from the forward-looking statements. These risks and uncertainties include, among other things, certain information provided to the Trust by Hilcorp, volatility of oil and gas prices, governmental regulation or action, litigation, and uncertainties about estimates of reserves. These and other risks are described in the Trust’s reports and other filings with the Securities and Exchange Commission.
Joshua R. Peterson, Head of Trust Real Assets & Mineral Resources
and Senior Vice President
Kaye Wilke, Investor Relations, toll-free: (866) 809-4553
DUBLIN--(BUSINESS WIRE)--The "Energy Transition Strategies of Major Oil and Gas EPC Companies" report has been added to ResearchAndMarkets.com's offering.
The COVID-19 pandemic has significantly impacted the global demand for oil and gas. This downturn could bring forward the notion of peak oil demand, potentially hampering the growth prospects of oil producers.
Consequently, leading oil companies are planning to increase their focus on renewable energy generation and their related markets. This transition is prompting oil and gas EPC companies to realign their businesses and capitalize on this emerging market segment. Major EPC companies can leverage their expertise in project design and execution to deliver a strong value proposition in renewable energy markets.
Reviews preparedness of leading oil and gas EPC companies in the ongoing energy transition in the oil and gas industry.
Scope
Reasons to Buy
Key Topics Covered:
Executive Summary
Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/t1o1hw
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
Terminal will be the first customer in Europe to implement the cloud-based TOS
OAKLAND, Calif.--(BUSINESS WIRE)--Octopi, part of Navis and Cargotec Corporation, the provider of operational technologies and services that unlock greater performance and efficiency for leading organizations throughout the global shipping industry, announced today that MBOX Terminals has selected Octopi by Navis for its new intermodal terminal located in Nis, Serbia, making it the first Octopi customer in Europe. The terminal selected Octopi’s cloud-based TOS because it provided a modern, comprehensive solution that would optimize operations and increase visibility for stakeholders of the terminal.
As the first intermodal terminal in South and Central Serbia, MBOX Terminals DOO offers direct access to regions of Central and Southern Serbia, Western Bulgaria and the Northern part of North Macedonia. With a capacity of 50,000 TEUs annually, MBOX Intermodal Terminal will operate as the new gateway to the Serbian market and will open the door for new ports to the region via ocean and rail connections. MBOX Terminals selected Octopi by Navis for the TOS at its intermodal location because it is a contemporary platform that will help their team increase visibility of cargo movements for all carriers and other clients, with no additional IT investment, which will help them be a strong competitor in the industry. Additionally, DSP Data and System Planning, certified partner for Navis, will design the Business Process Management, contributing to the operations start-up of the new terminal.
“When we needed a TOS for our new intermodal terminal, we knew we would get the best results with Octopi by Navis due to their stellar reputation and proven track record in the industry,” said Dejan Nikolic, CEO of MBOX Terminals. “We are looking forward to implementing Octopi at MBOX Intermodal to help give us a competitive edge and achieve our goal of becoming the main point in container transportation in the region.”
“As a result of the changing industry landscape, we are seeing more customers looking for cloud-based solutions to manage their operations,” said Martin Bardi, Vice President of Global Sales, Octopi by Navis. “We are thrilled to be expanding our customer base to Europe and are eager to help MBOX Terminals reach their short and long term business and operational goals with Octopi.”
For more information visit www.navis.com and www.octopi.co.
About Octopi
Octopi is the leading developer of cloud-based software solutions for port terminal operators. The Octopi Terminal Operating System (TOS) helps seaport terminal operators manage their operations, track their cargo, and communicate electronically and in real-time with their commercial partners. The Octopi TOS provides small terminal operators the agility and adaptability required to modernize and efficiently run their operational ecosystem. www.octopi.co
About Navis, LLC
Navis, a part of Cargotec Corporation, is a provider of operational technologies and services that unlock greater performance and efficiency for the world’s leading organizations across the cargo supply chain. Navis combines industry best practices with innovative technology and world-class services, to enable our customers, regardless of cargo type, to maximize performance and reduce risk. Through its holistic approach to operational optimization, Navis customers benefit from improved visibility, velocity and measurable business results. Whether tracking cargo through a terminal, improving vessel safety and cargo capacity, optimizing rail network planning and asset utilization, automating equipment operations, or managing multiple terminals through an integrated, centralized solution, Navis helps all customers streamline operations. www.navis.com
About Cargotec Corporation
Cargotec (Nasdaq Helsinki: CGCBV) enables smarter cargo flow for a better everyday with its leading cargo handling solutions and services. Cargotec's business areas Kalmar, Hiab and MacGregor are pioneers in their fields. Through their unique position in ports, at sea and on roads, they optimize global cargo flows and create sustainable customer value. Cargotec's sales in 2019 totaled approximately EUR 3.7 billion and it employs around 12,000 people. www.cargotec.com
Jennifer Grinold
Navis, LLC
T+1 510 267 5002
This email address is being protected from spambots. You need JavaScript enabled to view it.
Geena Pickering
Affect
T+1 212 398 9680
This email address is being protected from spambots. You need JavaScript enabled to view it.
The technology will allow more than 500 fuel sites across New Zealand to boost payments security and support new customer-centric digital offerings
RESTON, Va.--(BUSINESS WIRE)--Transaction Network Services (TNS) today announced a new partnership with Z Energy —New Zealand’s leading fuel retailer — to enhance their retail customer experience through TNS Secure SD-WAN, which leverages Fortinet’s Secure SD-WAN solution to combine industry-leading managed payment services with next-generation network security.
Because of the challenges impacting the financial durability of downstream fuel, savvy retailers are turning to new products and services that add value for customers, supported by fast, reliable connectivity and network infrastructure. With the installation of TNS Secure SD-WAN at more than 500 fuel sites across New Zealand, Z Energy gains the ability to deploy new customer-focused features and functionalities with efficient, secure payments capabilities.
“SD-WAN gives retailers a lower total cost of ownership while making management of their network less complex, and TNS’ solution is supported by cybersecurity protocols that work to prevent data breaches, PCI DSS-compliant security credentials, and our global payments experience as a managed service,” said John Tait, Global Managing Director of TNS’ Payments Market business. “These features give Z Energy a payments infrastructure and network connectivity layer fit for the 21st-century customer experience, paving the way for future growth and business transformation.”
Z Energy selected TNS following a competitive RFP process initiated after the fuel retailer’s previous network reached its end of life. Following the selection, TNS installed its Secure SD-WAN solution in a rolling implementation that concluded in November 2020 and saw all components functioned seamlessly across Z Energy’s multiple sites.
“During the RFP process, TNS not only demonstrated the ability to solve our network challenges, but also showed a sharp understanding of the fuel industry and our own business,” said Andy Stewart, Head of Site Systems. “Our technology decisions are driven by four key pillars — speed, safety, integration and sustainable cost leadership — and TNS’ Secure SD-WAN will allow us to reduce costs and add convenient digital touchpoints while prioritizing our customers’ health, safety and security.”
As a trusted partner to the payments industry, TNS offers a broad portfolio of secure commerce solutions that include parking reservations, unattended payments, POS services, ATM connectivity and managed processing. In 2020, TNS celebrates 30 years of being a worldwide provider to companies in mission critical industries. Many of the most prestigious financial institutions, POS ISOs, ATM deployers and transaction processors rely on TNS for secure and resilient infrastructure services, including managed connectivity. TNS’ secure infrastructure services are supported 24x7x365 from Network Operating Centers in the US, UK and Australia.
ENDS
About Transaction Network Services:
Transaction Network Services (TNS) is a leading global provider of infrastructure-as-a-service solutions and is committed to delivering these and superior service to the world’s most prestigious payments, financial services and telecommunications companies.
Founded in 1990 in the US and headquartered in Reston, Virginia, TNS has a strong payments heritage and provides managed services in more than 60 countries across the Americas, Europe and the Asia Pacific region. TNS is a Level 1 PCI DSS certified service provider, a member of CONEXXUS, and a global board member of the ATM Industry Association (ATMIA). For more information about TNS and its Payments solutions visit www.tnsi.com or go to our media center for our latest news www.tnsi.com/media-center/
For further information please contact:
Clare Cockroft
TNS
T: +44 (0)114 292 0163 / +1 703 814 8065
E: This email address is being protected from spambots. You need JavaScript enabled to view it.
or
Harvey Henao
Finn Partners
T: +1 312 766 5501
E: This email address is being protected from spambots. You need JavaScript enabled to view it.
More than 911,000 barrels of ethane bound for Lianyungang, China on world’s largest VLEC
Orbit’s ethane export terminal at Nederland is one of only three in the U.S.
DALLAS--(BUSINESS WIRE)--#ET--Dallas-based Energy Transfer LP (NYSE: ET) today announced the first Very Large Ethane Carrier (VLEC) has been loaded under its previously announced joint venture with Satellite Petrochemical USA Corp., Orbit Gulf Coast NGL Exports, LLC (Orbit). The Seri Everest, the world’s largest VLEC, departed from Orbit’s newly constructed export facilities at Energy Transfer’s Nederland Terminal in Nederland, Texas, on Jan. 17, 2021, to complete its maiden voyage. The vessel was loaded with more than 911,000 barrels of ethane destined for Satellite’s Lianyungang ethane cracker in northeastern Jiangsu Province, China, the largest single shipment of ethane to date. Its anticipated arrival at Lianyungang Port is mid-February 2021.
Orbit’s export terminal at Nederland, one of only three U.S. ethane export terminals, includes a 1.2 million barrel ethane storage tank and an estimated 180,000 barrel per day ethane refrigeration facility. Energy Transfer’s Marcus Hook facility in Pennsylvania is also capable of handling VLECs. The combination of the two terminals represent over 50 percent of the U.S. waterborne export capacity. Under the joint venture with Satellite, Energy Transfer is the operator of Orbit’s assets, which also include a newly constructed 20-inch pipeline originating at Energy Transfer’s fractionation and storage facilities in Mont Belvieu, Texas, for ethane deliveries to the Nederland export terminal as well as domestic markets in the region. In association with Orbit, Energy Transfer also completed its build-out of wholly owned infrastructure at Mont Belvieu to supply ethane to Orbit’s pipeline, and at Nederland to load the ethane onto VLECs. Under separate agreements, Energy Transfer will provide Satellite with approximately 150,000 barrels per day of ethane under a long-term, demand-based agreement, along with storage and marketing services.
Energy Transfer (via Sunoco Logistics) was the first company to export ethane out of the U.S. by pipeline. Its Mariner West pipeline first transported ethane to Canada in January of 2013. Energy Transfer was also the first to export ethane out of the U.S. via ship in March of 2016 from its Marcus Hook Terminal in Pennsylvania.
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 the recent decline in commodity prices, 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
Vicki Granado, Lisa Coleman
214.840.5820
This email address is being protected from spambots. You need JavaScript enabled to view it.
Energy Transfer Investor Relations
Bill Baerg, Brent Ratliff, Lyndsay Hannah
214.981.0795
This email address is being protected from spambots. You need JavaScript enabled to view it.
DUBLIN--(BUSINESS WIRE)--The "Barite Market by Form, Grade, Colour, Deposit Type, and End-use Industry: Global Opportunity Analysis and Industry Forecast, 2020-2027" report has been added to ResearchAndMarkets.com's offering.
The global barite market was valued at $1.4 billion in 2019, and is projected to reach $2.4 billion by 2027, growing at a CAGR of 7.3% from 2020 to 2027.
Barite is comprised of barium sulphate is a common mineral used by oil & gas companies in their drilling activities. It is used in the drilling fluids to maintain the pressure in the well during drilling and to prevent the influx of unwanted fluids from the formation. It is also used as a filler, extender, or weighting agent in products such as paints, plastics, and rubber.
The barite market is mainly driven by its growing consumption in oil & gas drilling industry. According to the U.S. Department of the Interior and U.S. Geological Survey, drilling activity accounts for around 90.0% of global barite consumption. Increase in crude oil and petrochemical consumption across various industries such as transportation, plastics, and paints & coatings has surged oil & gas exploration activities in offshore sites. In addition, rise in investment in deep and ultra-deep offshore exploration activities is expected to further augment the market growth during the forecast period.
Furthermore, increase in supply-demand gap on account of unstable political conditions in the Middle East and North Africa drives exploration activities in Eastern Europe and North America, which in turn is expected to have a positive impact on the global barite market. Large sea shores possessed by various countries have driven efforts toward offshore oilfield excavations, which is likely to drive the growth of the market in coming years. In addition, barite is also used in automobile brake and clutch pads, automobile paint primer for metal protection and gloss, use as a weighting agent in rubber, and in the cement jacket around underwater petroleum pipelines.
In the metal-casting industry, barite is part of the mold-release compounds. Because barite significantly blocks x-ray and gamma-ray emissions, it is used as aggregate in high-density concrete for radiation shielding around x-ray units in hospitals, nuclear powerplants, and university nuclear research facilities. Ultrapure barite is used as a contrast medium in x-ray and computed tomography examinations of the gastrointestinal tract. Owing to growth of consumption of barite across the different end-use industries is expected to surge the demand for barite during the forecast period.
However, factors such as substitution of barite for other minerals are expected to hinder the growth of the barite market. In addition, untapped oil reserves in emerging oil-producing regions such as Africa and the Pacific Ocean, therefore, offer lucrative opportunities to the players manufacturing barite-based weighting agents used in the oil & gas industry. This is expected to provide lucrative opportunities for the barite market to grow in the near future.
COVID-19 Analysis:
Key Benefits
Market Dynamics
Drivers
Restraint
Opportunity
Companies Profiled
For more information about this report visit https://www.researchandmarkets.com/r/fcxvpu
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
Mitsubishi Power’s Smart Enhanced-Response Gas Turbine Provides
LAKE MARY, Fla.--(BUSINESS WIRE)--#ChangeInPower--El Paso Electric (EPE) has selected Mitsubishi Power’s 228 megawatt (MW) Smart M501GAC enhanced-response (SmartER) gas turbine as part of EPE’s long-term energy supply resource plan to make its power generation cleaner and more sustainable. This gas turbine will enable EPE to triple its renewable energy portfolio and reduce carbon emissions. The SmartER M501GAC complements renewable energy sources by starting up and shutting down rapidly to respond to customer energy usage and renewable energy variability. The gas turbine will replace three units EPE has deemed less efficient and less reliable after more than 60 years in operation. In addition, the gas turbine is hydrogen ready for future deep decarbonization. With New Mexico legislation moving toward 100 percent carbon-free emissions by 2045, EPE joins a growing list of utilities creating future economic value for their customers with Mitsubishi Power’s decarbonization solutions.*
The SmartER M501GAC selection addresses EPE’s commitment to providing responsible, sustainable energy to meet the increased needs of its growing region while protecting the environment. EPE is adding 200 MW of large-scale solar power and 50 MW of battery storage at the same time and is counting on the gas turbine’s rapid dispatch capability to respond to the intermittency of these renewables. The gas turbine’s quick startup and fast ramp rate will ensure grid stability and enable EPE to maximize power generation. The gas turbine combined with the renewable resources is expected to save 600 million gallons per year of water, which is a precious resource in EPE’s arid region.
Mitsubishi Power’s technology will enable EPE to reduce emissions and support renewables immediately, while having equipment in place to implement green hydrogen as a form of long-duration energy storage as more renewables are added to the grid. The gas turbine is capable of operating on natural gas, or on a mixture of natural gas and up to 30 percent hydrogen for further decarbonization. The gas turbine can be configured in the future to operate on up to 100 percent hydrogen for zero-carbon emissions. EPE and Mitsubishi Power are exploring a joint development agreement in the coming months to create a green hydrogen infrastructure roadmap.
The SmartER M501GAC is an integration of Mitsubishi Power’s reliable G-Series turbine technology, which has amassed 5.7 million operating hours, and its TOMONI™ digital solutions that provide world-class analytics and artificial intelligence. Mitsubishi Power has implemented improvements at gas turbine plants worldwide to achieve faster startup, faster ramp rates, and better efficiency. These benefits will help EPE maintain a reliable grid and avoid outages as it increases renewables and accommodates rapid growth in energy demand, such as last year’s highest level of growth on record at EPE.
“To help achieve our bold vision of reducing our carbon footprint 40 percent below 2015 levels by 2035, we sought a partner that could deliver a gas turbine with flexible and reliable power to complement renewables, as well as deep industry expertise in renewable integration,” said Steve Buraczyk, Senior Vice President of Operations at El Paso Electric. “Mitsubishi Power delivers both. The G-Series advanced class gas turbines offer flexibility and a proven record. Those features combined with Mitsubishi Power’s extensive experience as a systems integrator and its advanced hydrogen-capable gas turbine design made Mitsubishi Power’s solution our top choice.”
Paul Browning, President and CEO of Mitsubishi Power Americas said, “Like many of our customers throughout the United States, EPE is replacing carbon-intensive assets with a combination of renewables, storage and natural gas power generation to meet the growing demand for cleaner affordable and reliable electricity. Our gas turbine will enable EPE’s current decarbonization plan, integrating seamlessly with the utility’s renewable energy sources. In addition, its green hydrogen compatibility provides a path toward zero-carbon emissions in the future. We are enabling EPE to achieve a Change in Power.”
*More about how Mitsubishi Power Americas is providing decarbonization solutions for customers:
About Mitsubishi Power Americas, Inc.
Mitsubishi Power Americas, Inc. headquartered in Lake Mary, Florida, employs more than 2,000 power generation, energy storage, and digital solutions experts and professionals. Our employees are focused on empowering customers to affordably and reliably combat climate change while also advancing human prosperity throughout North and South America. Mitsubishi Power’s power generation solutions include natural gas, steam, aero-derivative, geothermal, distributed renewable technologies, environmental controls, and services. Energy storage solutions include green hydrogen and battery energy storage systems. Mitsubishi Power also offers digital solutions that enable autonomous operations and maintenance of power assets. Mitsubishi Power, Ltd. is a wholly owned subsidiary of Mitsubishi Heavy Industries, Ltd. (MHI). Headquartered in Tokyo, Japan, MHI is one of the world’s leading heavy machinery manufacturers with engineering and manufacturing businesses spanning energy, infrastructure, transport, aerospace and defense. For more information, visit the Mitsubishi Power Americas website and follow us on LinkedIn.
Sharon Prater
+1 407-688-6200
This email address is being protected from spambots. You need JavaScript enabled to view it.
LONDON--(BUSINESS WIRE)--#GlobalThermalEnergyStorageMarket--The thermal energy storage market is poised to grow by 1,956.30 MW during 2020-2024, progressing at a CAGR of almost 10% during the forecast period.
Worried about the impact of COVID-19 on your Business? Here is an Exclusive report talking about Market scenarios, Estimates, the impact of lockdown, and Customer Behaviour.
Get FREE Sample Report in Minutes!
The report on the thermal energy storage market provides a holistic update, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis.
The report offers an up-to-date analysis regarding the current global market scenario and the overall market environment. The market is driven by use of thermal energy storage in CSP plants.
The thermal energy storage market analysis includes technology segment and geography landscape. This study identifies the increasing use of thermal energy storage in smart cities and smart buildings as one of the prime reasons driving the thermal energy storage market growth during the next few years.
This report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters.
The thermal energy storage market covers the following areas:
Thermal Energy Storage Market Sizing
Thermal Energy Storage Market Forecast
Thermal Energy Storage Market Analysis
Companies Mentioned
Related Reports on Utilities Include:
Key Topics Covered:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Technology
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
Register for a free trial today and gain instant access to 17,000+ market research reports.
Technavio's SUBSCRIPTION platform
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Website: www.technavio.com/
CHICAGO--(BUSINESS WIRE)--ADM (NYSE: ADM) will release financial results for the fourth quarter of 2020 before the market opens on Tuesday, Jan 26, 2021.
The company will host a webcast at 8 a.m. Central Time to discuss the results and provide a company update. A slide presentation will also be available for download at this time.
To listen to the webcast or to download the slide presentation, go to www.adm.com/webcast. A replay of the webcast will also be available for an extended period of time at www.adm.com/webcast.
About ADM
At ADM, we unlock the power of nature to provide access to nutrition worldwide. With industry-advancing innovations, a complete portfolio of ingredients and solutions to meet any taste, and a commitment to sustainability, we give customers an edge in solving the nutritional challenges of today and tomorrow. We’re a global leader in human and animal nutrition and the world’s premier agricultural origination and processing company. Our breadth, depth, insights, facilities and logistical expertise give us unparalleled capabilities to meet needs for food, beverages, health and wellness, and more. From the seed of the idea to the outcome of the solution, we enrich the quality of life the world over. Learn more at www.adm.com.
Source: Corporate release
ADM Media Relations
Jackie Anderson
This email address is being protected from spambots. You need JavaScript enabled to view it.
312-634-8484
LONDON--(BUSINESS WIRE)--#DomesticFreightMarketinUS--Technvaio forecast the global domestic freight market in the US to grow by USD 170.10 billion during 2021-2025. This marks a significant market slow down compared to the 2019 growth estimates due to the impact of the COVID-19 pandemic in the first half of 2020. However, healthy growth is expected to continue throughout the forecast period, and the market is expected to grow at a CAGR of almost 5%.
For the Right Perspective & Competitive Insights- Request Free Sample Report on Pandemic Recovery Analysis
Read the 120-page report with TOC on "Domestic Freight Market in US Analysis Report by Product (Bulk freight and General freight), End-user (Road, Rail, and Others), and the Segment Forecasts, 2021-2025". Gain competitive intelligence about market leaders. Track key industry opportunities, trends, and threats. Information on marketing, brand, strategy and market development, sales, and supply functions. https://www.technavio.com/report/report/domestic-freight-market-in-us-industry-analysis
The domestic freight market in the US is driven by the growth of the e-commerce market. In addition, the consolidation of the logistics market leading to operational efficiency is anticipated to boost the growth of the domestic freight market in the US.
The growth of the e-commerce industry in the US has reduced consumer spending in physical stores and increased the time spent on online shopping. This is encouraging vendors to offer freight logistics services to e-commerce enterprises to meet customer expectations, thereby helping enterprises achieve customer loyalty and repeated sales. Therefore, the rapid growth of the e-commerce industry will positively influence the growth of the domestic freight market in the US during the forecast period.
Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.
View market snapshot before purchasing
Major Five Domestic Freight in US Companies:
C.H. Robinson Worldwide Inc.
C.H. Robinson Worldwide Inc. operates its business through segments such as North American Surface Transportation, Global Forwarding, and All Other and Corporate. The company provides freight services in the US, such as Truckload, LTL, Ocean, Intermodal, and Chemical and Plastics Logistics.
CEVA Logistics AG
CEVA Logistics AG operates its business through segments such as Freight Management and Contract Logistics. The company provides road freight and rail freight services in the US.
Deutsche Post DHL Group
Deutsche Post DHL Group operates its business through segments such as Post & Parcel Germany, Express, Global Forwarding, Freight, Supply chain, and eCommerce Parcel. The company provides road freight and rail freight services in the US.
DSV Panalpina A/S
DSV Panalpina A/S operates its business through segments such as Air & Sea, Road, and Solutions. The company provides road freight and air freight services in the US.
FedEx Corp.
FedEx Corp. operates its business through segments such as FedEx Express, FedEx Ground, FedEx Freight, and FedEx Services. The company provides domestic shipping services in the US.
Register for a free trial today and gain instant access to 17,000+ market research reports.
Technavio's SUBSCRIPTION platform
Domestic Freight Market in US Product Outlook (Revenue, USD Billion, 2020-2025)
Domestic Freight Market in US End-user Outlook (Revenue, USD Billion, 2020-2025)
Are you a start-up willing to make it big in the business? Grab an exclusive Report
Related Reports on Industrials Include:
Global Freight Brokerage Market – Global freight brokerage market is segmented by service (LTL, FTL, temperature-controlled freight, and others) and geographic landscape (APAC, Europe, MEA, North America, and South America). Click Here to Get an Exclusive Free Sample Report
Global Airfreight Forwarding Market – Global airfreight forwarding market is segmented by end-user (manufacturing industry, retail industry, and other industries) and geography (APAC, Europe, MEA, North America, and South America). Click Here to Get an Exclusive Free Sample Report
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Website: www.technavio.com/
Not for Distribution to U.S. News Wire Services or Dissemination in the United States.
ST. JOHN’S, Newfoundland and Labrador--(BUSINESS WIRE)--$ALS.TO #IPO--Altius Minerals Corporation (ALS:TSX) (ATUSF: OTCQX) (“Altius” or the “Corporation”) is pleased to announce that its subsidiary Altius Renewable Royalties Corp. (“ARR”) has filed and obtained a receipt for a preliminary base PREP prospectus with the securities regulatory authorities in each of the provinces and territories of Canada for an initial public offering of Common Shares (the "IPO"), led by TD Securities Inc. and Scotia Capital Inc., together with a syndicate comprised of Raymond James Ltd., Cormark Securities Inc., Canaccord Genuity Corp., Laurentian Bank Securities Inc., National Bank Financial and Haywood Securities Inc. (collectively, the "Underwriters"). The proceeds from the IPO will be used by ARR to fund additional renewable energy royalty focused investments and for general corporate purposes as described in the preliminary base PREP prospectus. The IPO is expected to close in February 2021.
The preliminary base PREP prospectus contains important information relating to the Common Shares and ARR and is still subject to completion or amendment. Copies of the preliminary base PREP prospectus are available on SEDAR at www.sedar.com or from the Underwriters. There will not be any sale or any acceptance of an offer to buy the Common Shares until a receipt for the final prospectus has been issued.
This news release does not constitute an offer of securities for sale in the United States and the securities referred to in this news release may not be offered or sold in the United States absent registration or an exemption from registration.
Altius and ARR
Altius established ARR to provide royalty based financing to renewable power developers, originators and operating projects. ARR has financing relationships with certain top-tier developers providing it with exposure to a robust development pipeline of U.S.-based wind and solar projects. These development stage investments made by the ARR are not restricted to any specific project but rather fund a developer’s project portfolio, including projects that are added to the portfolio after the investment agreement with the ARR was entered into, positioning the developer to be able to ultimately bring more projects to market. ARR will receive royalties as these projects are sold on to end sponsors and operators.
ARR uses its industry expertise to provide partner-focused investment solutions and a long-term, cost-effective source of capital for the rapidly growing renewable energy sector. In addition to growing its base of developer focused investments, ARR is considering opportunities to innovate royalty financing solutions for later staged project proponents.
Brian Dalton, Chief Executive Officer of ARR and Altius Minerals Corp. stated, "This IPO follows four years of exciting collaboration and innovation with New Hampshire, USA based Great Bay Renewables LLC (“GBR”). GBR is the operating subsidiary of ARR and it was recently made the subject of a joint venture that is expected to lead to certain funds managed by Apollo Global Management, Inc. (“the Apollo Funds”) earning in to become a 50% shareholder. Following the expected earn-in, each of ARR and the Apollo Funds will be entitled to equally co-fund additional investment opportunities that are developed by the GBR management team - which consists of a highly experienced group of renewable energy industry professionals led by Frank Getman and including Ray Faust, Josh Levine and Bill Rodgers.”
He then added, “The purpose of the IPO is to enable ARR to more directly access capital in order to fund its participation in new investments that are developed by GBR following completion of the Apollo Funds’ earn-in. There is no secondary sale component contemplated as part of the IPO. Post-closing, Altius Minerals expects to remain as the major shareholder of ARR and to continue to participate in and benefit from its long-term growth potential.”
Management and Board
Pursuant to a services agreement with Altius Minerals entered into in connection with the IPO, executive officers of Altius, Brian Dalton and Ben Lewis will also serve as CEO and CFO, respectively, of ARR, while the Board of ARR is comprised of five independent directors, two of whom are Altius nominees and current independent members of the Altius board. The management and Board members of ARR are as follows:
Brian Dalton – Chief Executive Officer
Brian Dalton co-founded Altius Minerals Corporation as a small junior exploration company in 1997 while still attending university and has served as its CEO and as a director since then, Altius is now a leading global diversified royalty company with revenue from 14 producing mines and is a member of the TSX/S&P Global Mining Index.
Ben Lewis – Chief Financial Officer
Ben Lewis joined Altius’s executive team as CFO in 2006. Prior to joining Altius, Ben held roles with increasing levels of responsibility with both private and public companies. His most recent former position was that of Corporate Controller for NYSE and TSX-listed CHC Helicopter Corporation. His responsibilities with Altius Minerals include overseeing its financial management and reporting as well as contributing valuation and structuring expertise. Ben graduated from Memorial University of Newfoundland with a Bachelor of Commerce in 1991 and earned his Chartered Accountant designation in 1993.
Earl Ludlow (Chair), O.N.L., B.Eng., MBA, P.Eng., F.C.A.E
Earl Ludlow’s career with the Fortis Group spanned nearly 40 years and included executive roles at Fortis subsidiaries Maritime Electric, Newfoundland Power and Fortis Alberta and then CEO roles at subsidiaries Fortis Properties and Newfoundland Power. He has served on the boards of Canadian Electricity Association, Maritime Electric, Belize Electricity, Caribbean Utilities, Fortis Ontario, Fortis Turks and Caicos and Newfoundland Power. Mr. Ludlow earned a Bachelor of Engineering (Electrical) in 1980 and an MBA from Memorial University, Newfoundland and Labrador in 1994. He is also a professional engineer.
David Bronicheski, MBA, CPA, CA
David Bronicheski is a Corporate Director and Chartered Professional Accountant. He recently retired as Chief Financial Officer of Algonquin Power & Utilities Corp. (successor corporation to Algonquin Power Income Fund), a position he served in from 2007 to 2020. During this time Algonquin developed into one of Canada’s preeminent renewable energy focused power producers and North American regulated utility service provider. Mr. Bronicheski holds a Bachelor of Arts in economics (cum laude), a Bachelor of Commerce degree and an MBA (University of Toronto, Rotman School of Management).
Judy Cotte, LL.B, LL.M.
Judy Cotte is the CEO of ESG Global Advisors and is recognized as a leading expert in ESG related investment protocols and mandates. Judy is a former V.P. & Head of Corporate Governance & Responsible Investment for RBC Global Asset Management and prior to that was Director of Policy Development & Chief Operating Officer for the Canadian Coalition for Good Governance. Judy has a law degree (University of Toronto) and a Masters degree in securities law (Osgoode Hall, York University).
Anna El-Erian, BA.LLB
Anna El-Erian (née Stylianides) is a corporate lawyer with over 20 years of experience in the global capital markets having spent much of her career in investment banking, private equity, and corporate management and restructuring. Anna is a director nominee of Altius Minerals Corporation. Anna graduated with a Bachelor of Arts and a post graduate degree in Bachelor of Laws.
André Gaumond, B.Eng., M.Eng.
André Gaumond was President and CEO of Virginia Gold Mines from 1993 to 2006 when it was acquired by Goldcorp Inc., and successor company Virginia Mines Inc. from 2006 to 2014 when it was acquired by Osisko Gold Royalties Ltd. He has a deep understanding of the natural resource development sector and of royalty structuring and financing. André is a director nominee of Altius Minerals Corporation. Mr. Gaumond holds a Bachelor of Geological Engineering from Université Laval and a Masters degree in Geological Engineering from Ecole Polytechnique.
Forward-Looking Information
This news release contains forward-looking information. Forward looking information contained in this new release includes, but is not limited to, the intentions of ARR to complete the IPO, the planned use of the proceeds of the IPO, the ability of ARR to acquire royalties, the growth of developers’ project portfolios and their ability to originate more projects, ARR’s opportunities to fund other stages of the renewable energy development lifecycle, expectations regarding funding of the joint venture, and the expected closing date of the IPO. These statements are based on information currently available to ARR and Altius provides no assurance that actual results will meet management's expectations. In certain cases, forward-looking information may be identified by such terms as "anticipates", "believes", "could", "estimates", "expects", "may", "shall", "will", or "would". Forward-looking information contained in this news release is based on certain factors and assumptions regarding, among other things, the receipt of necessary regulatory approvals, the ability of Altius Renewable to complete the IPO, and other similar matters. While Altius Renewable considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect.
Although Altius believes the expectations expressed in such forward-looking information are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking information. Factors that could cause actual results to differ materially from those in forward-looking statements include, among other things, changes in market conditions, changes in power prices, changes in expectations for the growth in demand for renewable power in the U.S., unanticipated changes in key management personnel, general economic and political conditions, the risk that ARR’s IPO may not be completed and the failure to receive applicable regulatory approvals, as well as the other risk factors described in ARR’s preliminary base PREP prospectus in respect of the IPO. Accordingly, actual events may differ materially from those projected in the forward-looking information. This list is not exhaustive of the factors that may affect any of the forward-looking information in this news release. These and other factors should be considered carefully and readers should not place undue reliance on the forward-looking information in this news release. Altius does not undertake to update any forward-looking information that may be made from time to time by ARR or on its behalf, except in accordance with applicable securities laws.
No securities regulatory authority has either approved or disapproved the contents of this press release. These securities have not been and will not be registered under the United States Securities Act of 1933, as amended, or any U.S. state securities law and may not be offered or sold in the United States except in compliance with the registration requirements of the said Act and applicable U.S. state securities laws or pursuant to an exemption therefrom.
About Altius
Altius’s strategy is to create per share growth through a diversified portfolio of royalty assets that relate to long life, high margin operations. This strategy further provides shareholders with exposures that are well aligned with sustainability-related global growth trends including the electricity generation transition from fossil fuel to renewables, transportation electrification, reduced emissions from steelmaking and increasing agricultural yield requirements. These macro-trends each hold the potential to cause increased demand for many of Altius’s commodity exposures including copper, renewable based electricity, several key battery metals (lithium, nickel and cobalt), clean iron ore, and potash. In addition, Altius runs a successful Project Generation business that originates mineral projects for sale to developers in exchange for equity positions and royalties. Altius has 41,477,653 common shares issued and outstanding that are listed on Canada’s Toronto Stock Exchange. It is a member of both the S&P/TSX Small Cap and S&P/TSX Global Mining Indices.
Ben Lewis
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Tel: 1.877.576.2209
Flora Wood
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Tel: 1.877.576.2209
Direct: +1(416)346.9020
SAN ANTONIO--(BUSINESS WIRE)--NuStar Energy L.P. (NYSE: NS) today announced that it will host a conference call on Thursday, February 4, 2021 at 9:00 a.m. Central Time to discuss the fourth quarter 2020 earnings results, which will be released earlier that day. The conference call may be accessed by dialing toll-free 844/889-7787, reservation passcode 5472607. International callers may access the conference call by dialing 661/378-9931, reservation passcode 5472607. 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 5472607. International callers may access the playback by dialing 404/537-3406, reservation passcode 5472607.
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/ojo329tj 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, 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 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.
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
Leader in Renewable Energy Installation Seeks Transformational Transaction to Strengthen Position, Take Advantage of Next-Generation Opportunities and Ensure Future Success
AVON, Minn.--(BUSINESS WIRE)--Blattner, the market-leading installer and contractor of utility-scale renewable energy in North America, today announced that it has embarked on a process to explore strategic options. The company seeks a transformational transaction, which could take the form of a sale or merger, that will further strengthen the organization’s market leadership position, provide additional resources to take advantage of next-generation opportunities emerging in the renewable energy market and contribute to added, long-term success for employees and customers.
“Blattner is in a very strong position today, as we have been throughout our history. We seek to further that momentum,” said Scott Blattner, company president. “Our industry is on the cusp of significant evolution and this is an opportunity to accelerate our organization with additional scale and resources to continue leading and delivering certainty to our renewable energy customers.”
Founded in 1907, Blattner is the North American leader in renewable energy installations – solar, wind and energy storage. The company has:
“As the North American renewable energy leader, we’re seeking a partner that appreciates and values our business model, culture and the success that our teams have built. Equally important, we want an organization that’s a leader in their respective market and can provide the support and resources that will allow us to continue expanding and improving with new technology and innovation,” said Blattner.
The company will be exploring a range of potential partnerships within and outside of the renewable energy industry and has engaged investment banking firm J.P. Morgan as its exclusive financial advisor.
“Blattner has long set the standard in performance of renewable energy construction, customer service and employee culture. This journey is to elevate a pathway to an even brighter future and provide opportunities for long-term success. I’m confident that we can achieve our goal,” concluded Blattner.
About Blattner Company
Blattner Company is a diversified renewable energy contractor providing leading expertise and collaborative construction solutions nationwide. Blattner Company is the parent company of Blattner Energy and D.H. Blattner & Sons of which both are industry-leading renewable energy contractors in their respective markets throughout the United States. Building on more than a century of innovation, the Blattner Family of Companies provides complete engineering, procurement and construction services for utility-scale solar, wind, energy storage and power delivery projects with proven project management skills and self-performance of all major work activities. Learn more at https://www.blattnercompany.com/
Blattner
Christine Huston
p: 320.406.9681
e: This email address is being protected from spambots. You need JavaScript enabled to view it.
Padilla
Matt Sullivan
p: 612.817.1385
e: This email address is being protected from spambots. You need JavaScript enabled to view it.
An estimated 5,465 customer accounts in Fresno, Kern, Madera, Mariposa, San Luis Obispo, Santa Barbara and Tulare counties set to be de-energized for the Public Safety Power Shutoff
Wind associated with offshore weather system may cause flying debris and vegetation, leading to downed lines and outages
SAN FRANCISCO--(BUSINESS WIRE)--Pacific Gas and Electric Company (PG&E) continues to monitor a powerful, offshore weather event with the potential to cause wind hazards and related outages throughout the company’s service area. The company’s Emergency Operations Center has been open since Saturday to manage PG&E response to wind damage and a targeted Public Safety Power Shutoff in the driest portions of the service area.
Potential PSPS in Central California
In locations still enduring extremely dry winter conditions, PG&E will de-energize approximately 5,465 customer accounts in portions of Fresno, Kern, Madera, Mariposa, San Luis Obispo, Santa Barbara and Tulare counties for a PSPS early Tuesday morning to reduce the risk of catastrophic wildfire. This represents less than one percent of PG&E’s 5.3 million customers.
No PSPS Events for Bay Area and Further North
Due to recent rains, relatively high humidity levels and the lack of any Red Flag Warnings in the Bay Area and other parts of PG&E’s service area, the company does not plan to initiate a PSPS in any Bay Area counties or further North during this weather event.
In addition, PG&E’s network of 340 weather cameras across the service area, as well as visual checks by crews in the field, helps the company determine where vegetation has greened up to levels that help make PSPS events unnecessary.
Strong Offshore Winds Can Cause Wires Down and Outages
However, while PG&E plans no PSPS events in Northern California, there could be wires down and outages due to flying debris and vegetation. The offshore weather event is forecast to cause damage-producing winds across much of California.
Handling Wind Damage Across PG&E’s Service Area
If your vehicle encounters a downed power line:
If you encounter other storm damage or experience a storm related outage:
Small, Targeted Public Safety Power Shutoff: What People Should Know
The PSPS event in small parts of seven counties is expected to begin early Tuesday morning.
Forecasts continue to show high-risk conditions arriving overnight in the southern portion of PG&E’s service area, with high winds expected to subside by Wednesday morning. Before any PSPS restoration begins in targeted areas where the company shut off power for public safety, PG&E will inspect de-energized lines to ensure they were not damaged by high winds. PG&E will restore power safely and as quickly as possible once the weather all-clear is given.
PG&E is carefully monitoring weather conditions, which can change quickly. We remind our customers to have an emergency plan and make sure to provide PG&E up-to-date contact information.
Customer notifications—via text, email and automated phone call—began Saturday afternoon, two days prior to the potential shutoff. When possible, PG&E employees knocked on the doors of customers enrolled in the company’s Medical Baseline program who did not verify that they received these important safety messages. Those visits focused on customers who rely on electricity for critical life-sustaining equipment.
Customers by county who could potentially be affected by this PSPS event
Why PG&E Calls a PSPS Event
Due to forecasted extreme weather conditions, PG&E is considering proactively turning off power for safety. Windy conditions, like those being forecast, increase the potential for damage and hazards to the electric infrastructure, which could cause sparks if lines are energized. These conditions also increase the potential for rapid fire spread.
State officials classify more than half of PG&E’s 70,000-square-mile service area in Northern and Central California as having a high fire threat, given dry grasses and the high volume of dead and dying trees. The state’s high-risk areas have tripled in size in seven years.
No single factor drives a PSPS, as each situation is unique. PG&E carefully reviews a combination of many criteria when determining if power should be turned off for safety. These factors generally include, but are not limited to:
Here’s Where to Go to Learn More
Community Resource Centers Reflect COVID-Safety Protocols
To support our customers during this PSPS, PG&E will open Community Resource Centers (CRC) tomorrow from 8:00 a.m. until 9:30 p.m. at the following locations:
The temporary CRCs will provide ADA-accessible restrooms, hand-washing stations, medical-equipment charging, WiFi; bottled water, grab-and-go bags and non-perishable snacks.
The sole purpose of a PSPS is to reduce the risk of major wildfires during severe weather. While a PSPS is an important wildfire safety tool, PG&E understands that losing power disrupts lives, especially for customers sheltering-at-home in response to COVID-19. These temporary CRCs will be open to customers when power is out at their homes and will provide ADA-accessible restrooms and hand-washing stations; medical-equipment charging; Wi-Fi; bottled water; and non-perishable snacks.
In response to the COVID-19 pandemic, all CRCs will follow important health and safety protocols including:
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 20,000 employees, the company delivers some of the nation's cleanest energy to 16 million people in Northern and Central California. For more information, visit pge.com and pge.com/news.
Media Relations
415.973.5930
Partnership in the U.S. Includes Acquisition of 3.2 GW Utility-Scale Solar Projects and 2 GW of Co-located Energy Storage Projects
SAN FRANCISCO--(BUSINESS WIRE)--Candela Renewables today announced a partnership with Naturgy Energy Group, a multinational energy company based in Spain, which includes the acquisition of a development pipeline of 3.2 GW utility scale solar projects and 2 GW of co-located energy storage projects. This pipeline includes 340 MWAC of solar and 50 MWAC / 200 MWh of co-located storage with executed or awarded PPAs across 3 projects and an additional 260 MWAC shortlisted or in bilateral negotiations. Prior to the transaction, Candela had been developing projects for this pipeline for 2.5 years.
The partnership between Candela and Naturgy includes the formation of a new entity to own the pipeline and the execution of a five-year Development Services Agreement for Candela to continue developing the projects across the U.S., bringing Naturgy’s over 175 years of expertise and multinational scale to the U.S. renewable energy space.
For more information on the agreement, please visit: https://www.candelarenewables.com/news-blog/candela-partners-with-naturgy
About Candela Renewables
Founded by former First Solar executives, Candela has one of the most accomplished teams developing utility-scale solar power projects in the United States. Since it was founded in 2018, Candela has assembled a portfolio of more than 3.6 GW of utility-scale solar projects and 2.2 GW of co-located energy storage showcasing their ability to deliver high-quality, well-developed projects.
Candela has in-house expertise across all stages of the development lifecycle and can efficiently bring projects to either NTP or COD through their focused, proven and differentiated development strategy.
For more information, visit https://www.candelarenewables.com/
Sarah Ohlson, This email address is being protected from spambots. You need JavaScript enabled to view it.
Calysseo appoints Black & Veatch and Shanghai LBT Engineering & Technology as EPC contractors for its first commercial-scale animal feed production facility
BEIJING--(BUSINESS WIRE)--Asia is actively investing in biotechnology innovations to meet the needs of its rapidly growing population.
Calysseo’s FeedKind® single-cell protein project is one such biotechnology innovation that will enhance regional food safety and sustainability.
FeedKind® is an alternative bio-protein feed ingredient for the aquaculture industry. It is made by fermenting natural gas to create a safe, nutritious, traceable and affordable protein.
Calysseo has appointed the consortium of Black & Veatch and Shanghai LBT Engineering & Technology Co. Ltd to execute the full Engineering, Procurement and Construction (EPC) scope for its first commercial FeedKind® production facility.
Calysseo is a joint venture established by alternative protein producer Calysta and animal nutrition company Adisseo.
"Food security remains a priority in regions with growing populations like Asia. Alternative proteins, like FeedKind®, will contribute to building a more sustainable and resilient food system. We are excited to draw on our extensive experience in processing, handling and treating natural gas and our deep consulting, engineering and construction expertise to deliver the project execution certainty required by biotechnology leaders, like Calysseo,” said Jim Schnieders, Executive Vice President and Managing Director Floating Oil & Gas Solutions and Emerging Markets, Oil & Gas, Black & Veatch.
“Through strong and seamless cooperation with Black & Veatch, we will provide the best local content with design, fabrication and construction services for the first commercial project of Calysseo in China. This consortium teaming also provides a new EPC execution model that extends LBT’s full engineering value chain to global customers,” said Binqiang Shen, Chairman of Shanghai LBT Engineering & Technology Co. Ltd.
Located in Chongqing in southwest China, the biotechnology facility is projected to produce 20,000 tons per annum of FeedKind® by 2022.
As the consortium leader, Black & Veatch will provide project management, process design and global procurement expertise. Shanghai LBT Engineering and Technology Co. Ltd will provide local engineering design, permitting and construction expertise.
Black & Veatch provides innovative and cost-effective solutions on Liquefied Natural Gas (LNG), Floating LNG (FLNG), sulfur recovery, gas processing, gasification, and ammonia/fertilizer projects. It supports industries like biotechnology and food processing with a full range of services and engineering from consulting to design; to full engineering, procurement, construction (EPC) and start-up for projects.
Editor’s Notes:
About Black & Veatch
Black & Veatch is an employee-owned engineering, procurement, consulting and construction company with a more than 100-year track record of innovation in sustainable infrastructure. Since 1915, we have helped our clients improve the lives of people in over 100 countries by addressing the resilience and reliability of our world's most important infrastructure assets. Our revenues in 2019 were US$3.7 billion. Follow us on www.bv.com and on social media.
Black & Veatch
EMILY CHIA | +65 6761 3511 p | +65 9875 8907 m | This email address is being protected from spambots. You need JavaScript enabled to view it.
24-HOUR MEDIA HOTLINE | +1 866 496 9149
HOUSTON--(BUSINESS WIRE)--Datagration™ is pleased to announce the recent acquisition of Mosaic Petroleum Analytics, a data analytics, reservoir simulation, and economics platform designed to optimize unconventional reservoirs. The acquisition is the latest in a period of growth for Datagration™ to expand the capabilities of its PetroVisor™ platform.
The PetroVisor™ platform solves the “too much data, too little time.” conundrum that plagues oil and gas operators. It delivers automated engineering workflows in real time to improve engineering and investment decisions, such as operational and capital efficiency. PetroVisor™ offers a single collaborative environment to aggregate and analyze data, and build user defined workflows. These workflows connect people, systems and data with complete visibility to the end-to-end process. With the PetroVisor™ Platform, companies can improve organizational and cross-domain workflows, automating technical and business processes, and mitigating risk, all on a unified platform.
With the addition of unconventional resource workflows and tailored applications from Mosaic Petroleum Analytics, PetroVisor™ will now enable companies to rapidly assess recent well results against expectations, evaluate a wide range of completion designs with physics-based models, locate viable refrac candidates, and optimize development investment while accounting for uncertainty using stress testing. These results are generated in time frames useful for budget cycles and acquisition evaluations.
“We are very excited to be joining the Datagration™ team,” exclaims George Voneiff, CEO of Mosaic Petroleum Analytics. “The combination of the PetroVisor™ platform with our unconventional workflows will provide an unparalleled ability to quickly and efficiently evaluate parent/child relationships, optimize completions, and improve capital efficiency while embedding cutting-edge data analytics, physics-based modeling, and investor-oriented economics in the analysis.”
Using PetroVisor™, operators will now be able to implement a proven unconventional asset workflow to maximize capital efficiency in a commercial framework, designed by an E&P operator for investor-oriented decisions. The open, agnostic, transparent, and configurable platform provides many useful automated intermediate products including maps, dashboards, and production type curves. The physics-based completion optimization process delivers type curves and economics over user-defined ranges of lateral length and spacing, sand and fluid intensities, stage spacing, and injection rates. Thousands of potential completion designs are distilled into a few helpful visualizations to convey optimal and often less-risky near-optimal designs. There are also modules to optimize operating efficiencies on existing wells that merge real-time SCADA and machine learning.
“It is critical for the unconventional oil and gas industry to improve OpEx and CapEx efficiency and free cashflow,” shares Jorge Machnizh, President and CEO of Datagration™. “The addition of the Mosaic team and proven intellectual property to the PetroVisor™ platform will enable customers to make better operational and investment decisions based on physics and economic and stress testing to deliver better business outcomes, from the engineering teams to the board of directors.”
Additional key features of PetroVisor™ include:
“Datagration™ is thrilled to have the opportunity to combine Mosaic’s intellectual property of unconventional workflows that have been developed over 20 years within the PetroVisor™ platform,” remarks J. Ike Epley, Vice Chairman at Datagration™. “The vast knowledge of (Mosaic’s) George Voneiff and Peter Bastian in unconventional shale plays will enhance our product offering and put us on a path to deliver a set of unconventional workflows without equal in the market.”
About Datagration™:
Datagration delivers an easy to implement, open, and collaborative ecosystem of domain-specific platforms that create solutions for organizations by aggregating and integrating data from disparate legacy systems, databases, and unstructured documents into a unified cloud-based or on-premise environment. Combined with advanced AI / ML analytics, Datagration provides organizations with enhanced decision-making opportunities to maximize value creation. For more information on Datagration, please visit www.datagration.com.
Braxton Huggins
This email address is being protected from spambots. You need JavaScript enabled to view it.
LONDON--(BUSINESS WIRE)--#apac--The Dredging will register an incremental spend of about USD 2.34 billion, growing at a CAGR of 3.01% from 2020-2024. A targeted strategic approach to Dredging market sourcing can unlock several opportunities for buyers. This report offers market impact and new opportunities created due to the COVID-19 pandemic. Get free report sample within minutes
Get detailed insights on the COVID-19 pandemic crisis and recovery analysis of Dredging market
Dredging Market Analysis
Analysis of the cost and volume drivers and supply market forecasts in various regions are offered in this Dredging research report. This market intelligence report also analyzes the top supply markets and the critical cost drivers that can aid buyers and suppliers to devise a cost-effective category management strategy.
The report provides insights on the following information:
For more information on the exact spend growth rate and yearly category spend, download a free sample.
Spend Growth and Demand Segmentation
To get instant access to over 1000 market-ready procurement intelligence reports without any additional costs or commitment, Subscribe Now for Free.
Some of the top Dredging suppliers enlisted in this report
This Dredging procurement intelligence report has enlisted the top suppliers and their cost structures, SLA terms, best selection criteria, and negotiation strategies.
This procurement report answers help buyers identify and shortlist the most suitable suppliers for their Dredging requirements following questions:
Get access to regular sourcing and procurement insights to our digital procurement platform- Activate Free subscription.
Table of Content
Appendix
About SpendEdge:
SpendEdge shares your passion for driving sourcing and procurement excellence. We are the preferred procurement market intelligence partner for 120+ Fortune 500 firms and other leading companies across numerous industries. Our strength lies in delivering robust, real-time procurement market intelligence reports and solutions.
To know more Request for demo
SpendEdge
Anirban Choudhury
Marketing Manager
Ph No: +1 (872) 206-9340
Contact us
Offshore Source keeps you updated with relevant information concerning the Offshore Energy Sector.
Any views or opinions represented on this website belong solely to the author and do not represent those of the people, institutions or organizations that Offshore Source or collaborators may or may not have been associated with in a professional or personal capacity, unless explicitly stated.