Partnership will enable utilities to bundle EV charger installation into a broad suite of consumer services and resources
IRVINE, Calif. & BOULDER, Colo.--(BUSINESS WIRE)--Qmerit, the leading provider of implementation solutions for EV charging and other electrification technologies, and Uplight, the technology partner of energy providers transitioning to the clean energy ecosystem, today announced a partnership that will expand the ability of utilities to provide end-to-end charging support for EV buyers.
This partnership leverages Qmerit's extensive electrification service implementation capabilities, including a national network of skilled EV Charger installers, and Uplight's EV Solution Suite, making buying and installing a charger with utility rebates more affordable and seamless for the energy customer. This will enhance the customer experience by bringing down the cost of Level 2 chargers at point of purchase and surfacing price transparency for installation costs, allowing customers to focus on the benefits of Level 2 chargers and alleviating the number one barrier to Level 2 charger adoption—lack of consumer education. The partnership will also provide consumers with educational resources on topics including incentives for EV charger installation, charging station selection, energy management, and electrical panel upgrades.
“Both Qmerit and Uplight share a common vision—making the electrification of transportation easy for EV purchasers by bringing together all of the various technologies, resources and stakeholders,” said Tom Bowen, President of Qmerit Solutions, Qmerit. “In the big picture, this partnership is about connecting those dots to make the EV revolution more attainable at the individual level.”
Together, Qmerit and Uplight offer complementary benefits for utilities and their customers, including integrating charger sales with managed charging to help utilities enroll more customers, shifting more load and setting up the grid for future EV growth. The partnership provides utilities with more quality touchpoints with customers as they embark on the electrification journey, and customers with better support around the installation and adoption of home- or business-based Level 2 charging.
“With consumer interest in EVs rapidly increasing, offerings that ensure seamless adoption must keep up. EV chargers are the fastest growing product category on Uplight Marketplaces, with the number of chargers sold increasing nearly ten times from 2020 to 2021,” said Uplight Vice President of E-Commerce Brad Chen. “Our partnership with Qmerit is a key step in helping the energy industry to embrace this opportunity to become even more customer centric and ease pain points.”
Research by Uplight shows that most electric vehicle owners do little or no investigation into charging before purchasing their vehicle. Similarly, most don’t consider turning to their utility for this information. Chen said this situation could change as stakeholders across the EV ecosystem do a better job of coming together around the needs of the buyer.
“You’re going to see a major shift as the market moves from the curious browser to the savvy shopper,” said Chen. “It’s all part of the process of EVs going from novelty to mainstream.”
Bowen agreed, adding that the pace of the EV revolution will depend on widespread adoption of home- and business-based charging.
“We are going to need a drastic surge in residential and commercial charging in order for EVs to fulfill their promise,” Bowen said. “Our partnership with Uplight is an example of the efforts underway to make this happen for the consumer.”
Utilities interested in learning more about the Uplight and Qmerit partnership can sign up for a webinar on April 28, 2022 @ 11:00 am MT.
About Qmerit
Qmerit is North America's leading provider of implementation solutions for EV charging and other energy transition technologies, simplifying the adoption of electrification for residential and business markets. Qmerit's value-driven services are delivered through a network of company-owned contractors, independent Certified Solutions Partners, and Certified Installers skilled in system implementation and integration. For more information, visit https://qmerit.com/, and connect with us on Twitter, LinkedIn, Facebook, and Instagram.
About Uplight
Uplight is the technology partner for energy providers and the clean energy ecosystem. Uplight’s software solutions connect energy customers to the decarbonization goals of power providers while helping customers save energy and lower costs, creating a more sustainable future for all. Using the industry’s only comprehensive customer-centric technology suite and critical energy expertise across disciplines, Uplight is streaming the complex transition to the clean energy ecosystem for more than 80 electric gas utilities around the world. By empowering energy providers to achieve critical outcomes through data-driven customer experiences, delivering control at the grid edge, creating new revenue streams and optimizing existing load and assets, Uplight shares a mission with clients to make energy more sustainable for every community. Uplight is a certified B Corporation. To learn more, visit us at www.uplight.com, find us on Twitter @Uplight or on LinkedIn at Linkedin.com/company/uplightenergy.
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Research shows access to EV charging as more significant barrier to purchasing an EV than price
Volta launches “Time To Move On” brand campaign across its media network to encourage the switch to EV during Earth Month
SAN FRANCISCO--(BUSINESS WIRE)--Volta Inc. (NYSE: VLTA), an industry-leading electric vehicle (“EV”) charging network powering vehicles and commerce, revealed broader EV adoption is dependent upon highly visible EV chargers that are conveniently located at the places drivers already frequent. The findings come from a nationwide research study and go beyond price and range anxiety to understand top barriers to switching to electric:
“The momentum behind the transition to EVs continues to build, but further accelerating the switch demands an even deeper understanding of consumer behavior,” said Drew Bennett, Executive Vice President of Network Operations, Volta. “The results of this study reinforce the importance of Volta’s network design—eye-catching EV charging stations located steps away from the places people already spend time.”
The value of Volta’s EV charging network design and placement is realized through Volta Media™, a digital, location-based network that engages consumers with dynamic, dual 55” screens. Leading up to Earth Day, Volta is leveraging its media network to encourage drivers to make the switch to EVs. Using provocative and informative infographics, the campaign highlights the financial, technological, health, and environmental benefits of electric transportation.
“Volta’s network does more than make EV charging more accessible, affordable, and inclusive—it has the power to accelerate the shift to EVs, as this campaign demonstrates,” said Justin Moore, Executive Creative Director, Volta. “As a leader in the electric mobility revolution, we have a responsibility to accelerate a rapid transition to a carbon-free energy future for all.”
The campaign will run throughout April 2022 across the Volta Media Network, as well as the company’s Twitter and Instagram accounts. The full suite of campaign assets can be viewed here.
About Volta
Volta Inc. (NYSE: VLTA) is an industry-leading electric vehicle (“EV”) charging network powering vehicles and commerce. Volta’s vision is to build EV charging networks that capitalize on and catalyze the shift from combustion-powered miles to electric miles by placing stations where consumers live, work, shop, and play. By leveraging a data-driven understanding of driver behavior to deliver EV charging solutions that fit seamlessly into people’s daily routines, Volta’s goal is to benefit consumers, brands, and real-estate locations while helping to build the infrastructure of the future. As part of Volta’s unique EV charging offering, its stations allow it to enhance its site hosts’ and strategic partners’ core commercial interests, creating a new means for them to benefit from the transformative shift to electric mobility. To learn more, visit www.voltacharging.com.
Forward-Looking Statements
This press release includes forward-looking statements, which are subject to the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements may be identified by words such as "feel,” “believes,” expects,” “estimates,” “projects,” “intends,” “should,” “is to be,” or the negative of such terms, or other comparable terminology and include, among other things, statements regarding Volta’s strategy and other future events that involve risks and uncertainties. Such forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties, which could cause actual results to differ materially from the forward-looking statements contained herein due to many factors, including, but not limited to: intense competition faced by Volta in the EV charging market and in its content activities; the possibility that Volta is not able to build on and develop strong relationships with real estate and retail partners to build out its charging network and content partners to expand its content sales activities; market conditions, including seasonality, that may impact the demand for EVs and EV charging stations or content on Volta’s digital displays; risks, cost overruns and delays associated with construction and installation of Volta’s charging stations; risks associated with any future expansion by Volta into additional international markets; cost increases, delays or new or increased taxation or other restrictions on the availability or cost of electricity; rapid technological change in the EV industry may require Volta to continue to develop new products and product innovations, which it may not be able to do successfully or without significant cost; the risk that Volta’s shift to including a pay-for-use charging business model and the requirement of mobile check-ins adversely impacts Volta’s ability to retain driver interest, content partners and site hosts; the EV market may not continue to grow as expected; and the ability to protect its intellectual property rights; and those factors discussed in Volta’s Registration Statement on Form S-1, under the heading “Risk Factors,” filed with the Securities and Exchange Commission (the “SEC”), as supplemented by Quarterly Reports on Form 10-Q, and other reports and documents Volta files from time to time with the SEC. Any forward-looking statements speak only as of the date on which they are made, and Volta undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this press release.
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In a 10-year agreement, Invert and minority funder Ripple will provide $30 million (USD) of up-front capital in exchange for hundreds of thousands of high-quality carbon credits providing immediate, centuries-long carbon storage
OTTAWA, Ontario & HALIFAX, Nova Scotia--(BUSINESS WIRE)--#CDR--In the wake of the United Nations’ Intergovernmental Panel on Climate Change (“IPCC”) detailing the essential need for carbon removal technologies to prevent the worst effects of climate change, Invert Inc. (“Invert”), Ripple Inc. (“Ripple"), and CarbonCure Technologies (“CarbonCure”) have signed a pioneering carbon credit purchase agreement for permanent CO₂ storage through carbon mineralization. The credit purchase will facilitate increased investment in innovative technology research and development, the rapid scaling of CarbonCure’s existing patented technologies across new sites and geographies, and significant reductions and removal of greenhouse gases from the atmosphere. The funding partnership represents the largest investment to-date in durable, verifiable carbon mineralization and storage, worth $30 million (USD).
Grand prize winner of the Carbon XPRIZE, CarbonCure offers a suite of technologies that reduce and remove carbon dioxide across the concrete manufacturing process. With hundreds of systems operating around the world, CarbonCure injects captured CO₂ into fresh concrete, where it is immediately mineralized and permanently locked away, never to return to the atmosphere. This mineralization reduces the amount of cement needed in each mix, lowering the concrete’s carbon footprint. It is an urgent task as concrete is the most used building material on Earth, and the production of its key ingredient—cement—generates about 7 percent of global CO₂ emissions each year.
Invert, a specialized emissions reduction and offsetting company, invests in carbon credit projects that produce high quality, meaningful carbon reduction and removal credits and is focused on making a wide portfolio of carbon reduction and removal projects available to individuals and businesses both big and small.
“This is an investment to catalyze positive change and remove significant amounts of greenhouse gases from the atmosphere,” said Mark Zekulin, Chairman, Invert. “We recognize that long-term removals are critical to achieving the world’s net-zero objectives, and Invert is focused on investing meaningfully to support developers and technologies in this space. Concrete offers massive global capacity and an immediate opportunity for permanent storage of captured carbon dioxide to meet the world’s climate goals. And CarbonCure is uniquely positioned to tap into that capacity with its rapid scale around the world and innovative portfolio of technologies operating now.”
“We applaud Invert’s leadership in the effort to remove carbon from the atmosphere and provide a sustainable, livable climate for future generations. CarbonCure is thrilled to partner with Invert and Ripple in this milestone agreement for our organizations and the carbon removal field,” said CarbonCure Technologies Founder and CEO Rob Niven. “This investment will accelerate CarbonCure’s active scaling and help us achieve our mission to reach 500 million metric tons of annual CO₂ reduction and removal by 2030—equivalent to removing 100 million cars from the road each year.”
Invert as a majority funder, and Ripple, a provider of enterprise crypto and blockchain solutions, as a minority funder, will provide up-front capital in exchange for hundreds of thousands of carbon credits for permanent, immediate and verifiable carbon storage, to be delivered over a ten-year period.
CarbonCure is the only carbon removal technology company with a methodology approved by Verra, the world’s most widely used voluntary greenhouse gas crediting program. CarbonCure measures and tracks the CO₂ from the point of capture to mineralization, allowing Invert and other carbon credit buyers to trace the precise deployment date and location of the CO₂ they paid to permanently store.
About Invert
Invert operates at the core of the carbon reduction ecosystem, from financing the removal of carbon from our atmosphere via high quality carbon offset projects to empowering businesses and individuals on their emissions reduction journeys.
Invert invests in carbon credit projects that produce high quality, meaningful carbon reduction and removal credits that we believe will help save our world. By selling these credits on to individuals or businesses, the Company generates revenue that can be reinvested towards further projects that reduce or remove CO2 from the atmosphere. We work directly with businesses to help them understand and reduce the carbon footprint of their operations and reduce the Scope 1, 2 and 3 emissions that they generate.
Invert is also creating a place where individuals can go to learn about what they can do themselves to address the pressing issue of climate change. The Company helps individuals understand their own impact on the world and gives them a chance to support projects that reduce greenhouse gas emissions. We want every individual to be carbon neutral, and we want them to get there in an engaging manner with rich content and community.
Invert is an ambitious group of experts, entrepreneurs, scientists and engineers who have come together with a common purpose: to give individuals and businesses the tools, information, and insight they need to make a meaningful impact on climate change. Please visit our website for more information: https://join.invert.world/
About CarbonCure Technologies
Architects, structural engineers, owners and developers are seeking proven ways to reduce the embodied carbon of their building projects. CarbonCure Technologies, a fast-growing carbon dioxide removal tech company, has developed easy-to-adopt solutions that enable concrete producers to use captured carbon to produce reliable, low carbon concrete mixes and achieve market differentiation. With more than 550 systems sold, over two million truckloads of CarbonCure mixes have supplied a broad spectrum of sustainable construction projects around the world. CarbonCure’s cutting-edge research and innovation have garnered global recognition and prestigious titles, most notably grand prize winner of the NRG COSIA Carbon XPRIZE, 2020 North American Cleantech Company of the Year and Cleantech 100 Hall of Fame Company. CarbonCure’s investors include Breakthrough Energy Ventures, Amazon, BDC Capital, Pangaea, Microsoft, 2150, Carbon Direct, GreenSoil Investments, Taronga Group and Mitsubishi Corporation. Learn more at carboncure.com.
About Ripple
Ripple is a crypto solutions company that transforms how the world moves, manages and tokenizes value. Ripple’s financial solutions are faster, more transparent, and more cost effective - solving inefficiencies that have long defined the status quo. Together with partners and the larger developer community, we identify use cases where crypto will inspire new business models and create opportunities for more people. With every solution, we’re realizing a more sustainable global economy and planet - increasing access to inclusive and scalable financial systems while leveraging carbon neutral technology and a green digital asset, XRP. This is how we deliver on our mission to build crypto solutions for a world without economic borders.
Forward Looking Statement
This news release includes forward-looking statements within the meaning of applicable securities laws, including statements about expected shareholder returns experienced by clients of Invert. By their nature, forward-looking statements require Invert to make assumptions and predictions and are subject to inherent risks and uncertainties and other factors (many of which are beyond Invert’s control) which give rise to the possibility that actual results or events could differ materially from Invert’s expectations expressed in or implied by such forward-looking statements. As a result, readers are cautioned not to place undue reliance on forward-looking statements. Forward-looking statements contained herein are made as of the date of this news release and Invert disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable securities laws.
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NORTH CHARLESTON, S.C.--(BUSINESS WIRE)--Ingevity Corporation (NYSE:NGVT) today announced that it has joined the United Nations (UN) Global Compact as a participant, affirming the company’s alignment with the ten universally accepted principles for human rights, labor, environment and anti-corruption, and committing to responsible business actions that support the UN’s Sustainable Development Goals (SDGs).
Launched in 2000, the UN Global Compact is the largest corporate sustainability initiative in the world, with more than 15,000 companies and 3,800 non-business signatories based in over 160 countries, and more than 69 Local Networks.
“As a company with a 100-year legacy of sustainability, Ingevity is focused on responsible business practices that support the health and well-being of people in our communities and make a positive impact on our environment,” said Ingevity CEO and president, John Fortson. “As a participant in the UN Global Compact, we proudly join a global business community committed to taking responsible business action to advance important economic, social and environmental goals to improve our world.”
Information on Ingevity’s environmental, social and governance initiatives, progress toward sustainability goals and the company’s support of the UN SDGs can be found on our website and in our annual sustainability report.
Ingevity: Purify, Protect and Enhance
Ingevity provides products and technologies that purify, protect and enhance the world around us. Through a team of talented and experienced people, we develop, manufacture and bring to market solutions that help customers solve complex problems and make the world more sustainable. We operate in two reporting segments: Performance Chemicals, which includes specialty chemicals and engineered polymers, and Performance Materials, which includes high-performance activated carbon. These products are used in a variety of demanding applications, including asphalt paving, oil exploration and production, agrochemicals, adhesives, lubricants, publication inks, coatings, elastomers, bioplastics and automotive components that reduce gasoline vapor emissions. Headquartered in North Charleston, South Carolina, Ingevity operates from 25 locations around the world and employs approximately 1,850 people. The company is traded on the New York Stock Exchange (NYSE:NGVT). For more information visit www.ingevity.com.
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843-740-2068
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Rise to Zero helps reframe climate change, engage employees and accelerate climate action
TORONTO--(BUSINESS WIRE)--#carbonspotlightreport--The race is on to eliminate emissions. While many businesses are working towards operating in a climate-compatible manner, others have not recognized the widespread impacts of a warming climate on their businesses and business models, let alone support industry-wide conversations about strategic climate change mitigation.
Business leaders are unsure how to move forward and need support with employee engagement and change management to ensure sustainability is not treated as an afterthought. Moreover, the COVID-19 crisis has highlighted the importance of a deep understanding of supply chains and the potential risks that external pressures, such as a rapidly changing climate, create for businesses.
Now is the time for businesses to begin or accelerate their climate journey: Rise to Zero was founded to help organizations advance business goals while reducing climate impact. Although actions to reduce climate impacts must be accelerated, more alarming information is not needed to help move people forward.
“I have spent over 20 years in marketing and advertising, simplifying complex concepts and translating human insights into messages that people can get behind. I founded Rise to Zero with the intention to bring that expertise to help more business leaders, and more individuals move forward and take decisive action to address the climate impacts of their businesses.” – Michael Szego, Founder, Rise to Zero.
Decarbonization is an urgent business and social priority – our ecosystem has sustained substantial damage as a result of the overconsumption of natural resources. In an effort to encourage transparency and create benchmarks, Rise to Zero has launched the Carbon Spotlight Report, directing attention to the carbon impact of key business sectors and organizations’ efforts to reduce emissions.
"Awareness is at the heart of climate action. Transparent measurement and reporting at the company level is the starting point to support strategic climate action and carbon reduction. Allowing employees, partners, investors and customers to be better informed is critical if we are going to see the transformative changes needed to stay below 1.5C temperature increase." – Kristy O’Leary, Co-founder of Decade Impact - one of Canada’s premier Impact Consulting firms.
Rise to Zero has analyzed the emissions of nine major grocery retailers (Tesco, Walmart, Loblaws, and Sobeys, to name a few), selected based on their size, stature, and regional prominence. The sheer size of these retailers means they have a significant impact on the environment, through powering their stores and distribution centers, operating transport and delivery vehicles, producing products and handling their waste.
The Carbon Spotlight Report: Grocery Retail is the first industry sector deep dive, and the first report of its kind, sourcing data from a range of publicly accessible sources that have never before been published in a single, comparative format.
View the report: The Carbon Spotlight Report
“There are clear market signals highlighting the urgency of reducing carbon emissions, including the Canadian federal government's plan to reduce GHG emissions by 40% below 2005 levels by 2030. Electrification is one of the key steps to decarbonizing supply chains and curbing the worst impacts of climate change.” – Nino Di Cara, President of Electric Autonomy Canada - the leading publisher of news on the electrification of the transportation sector in Canada.
According to a global study from Pew Research Centre, 80% of people are willing to make changes to how they live and work to reduce the effects of global climate change.
Now more than ever, collaboration between companies and their suppliers is crucial when it comes to understanding climate risks and opportunities. This is critical to building inclusive, climate-compatible and transparent global supply chains.
To learn more about how Rise to Zero helps organizations advance business goals and reduce climate impact, visit: risetozero.co.
About Rise to Zero:
Rise to Zero is a social impact organization helping organizations advance business goals while reducing climate impacts. Through thought-provoking content, narrative and identity projects, and advisory services, Rise to Zero aims to mobilize individuals, businesses, and governments to take urgent action towards rapid emissions reductions.
For Information on Rise to Zero:
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Rise to Zero
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Breathe Purpose Media
Aerospace and Defense Supplier Recognized for Inclusive and Innovative Company Culture
MONTVILLE, N.J.--(BUSINESS WIRE)--#additivemanufacturing--Marotta Controls, a rapidly growing aerospace and defense supplier, today announced that it has been named one of New Jersey’s top workplaces. Hosted by NJ Advance Media (NJ.com) in partnership with Energage, the statewide recognition program is based solely on employee survey responses and serves as a candid tool to assess corporate culture as well as the internal leadership impact and opportunity. Marotta Controls was one of 22 Aerospace and Defense companies evaluated nationwide, and ultimately ranked high in the mid-sized New Jersey companies category based on employee responses to the survey’s Culture Driver statements.
Marotta Controls’ performance-driven leadership strategy strives to instill a culture across all business units where new ideas and innovative concepts can be explored. Embracing that level of inspired creativity in a collaborative environment and focusing on employee engagement is largely what has influenced the company’s organic growth since it was founded in 1943.
“We deeply value our employee relationships, viewing them as long-term commitments not transactional engagements,” said Patrick Marotta, President and CEO, Marotta Controls. “We have an incredible staff with vision and passion for both engineering and business. Their contributions and support have enabled the company to achieve significant successes throughout our 79-year company history.”
This is Marotta Controls’ first year participating. At the time of the survey, the company’s employee base included approximately 450 individuals. Eighty-four percent responded, far exceeding the national participation average of 42 percent for all companies and 66 percent for Aerospace and Defense companies.
Notably, the respondents recognized the company as excelling in several crucial areas that shape company culture. Some of these areas include:
“To be ranked by our team members as highly as we were demonstrates a mutual respect that we are truly honored to have earned. We take assessments like these very seriously and work to incorporate related feedback in meaningful ways. We’re proud to see that effort reflected in this year’s results,” added Patrick.
The complete list and ranking of New Jersey’s Top Workplaces will be formerly released later this quarter.
Methodology
Managed by the independent firm Energage, the NJ.com program is free and open to any organization with 50 or more employees. Staff members of nominated companies complete a questionnaire that addresses employee-centric issues from benefits and expectations to career opportunity and management support. Energage then uses its patented analytic tools and expertise gained from more than 16 years of culture research across 70,000 organizations to assess and report on the data.
About Marotta Controls
Founded in 1943, Marotta Controls is a fully-integrated solutions provider which designs, develops, qualifies and manufactures innovative systems and sub-systems for the aerospace and defense sectors. Our portfolio includes pressure, power, motion, fluid, and electronic controls for tactical systems, shipboard and sub-sea applications, satellites, launch vehicles, and aircraft systems. With over 200 patents, Marotta Controls continues to build on its legacy as a highly respected, family-owned small business based in the state of New Jersey. Twitter: @marottacontrols LinkedIn: Marotta Controls, Inc.
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NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Clean Energy Fuels Corp. (Nasdaq:CLNE) announced today it will release financial results for the first quarter of 2022 on May 5, 2022 after market close, followed by an investor conference call at 4:30 p.m. Eastern time (1:30 p.m. Pacific). President and Chief Executive Officer of Clean Energy Andrew J. Littlefair and Chief Financial Officer Robert M. Vreeland will host the call.
Investors interested in participating in the live call can dial 1.888.321.0431 from the U.S. and international callers can dial 1.412.902.4121. A telephone replay will be available approximately two hours after the call concludes through Sunday, June 5 by dialing 1.844.512.2921 from the U.S., or 1.412.317.6671 from international locations, and entering Replay Pin Number 10165233.
There also will be a simultaneous, live webcast available on the Investor Relations section of the Company's web site at www.cleanenergyfuels.com, which will be available for replay for 30 days.
About Clean Energy Fuels Corp.
Clean Energy Fuels Corp. is the country’s largest provider of the cleanest fuel for the transportation market. Our mission is to decarbonize transportation through the development and delivery of renewable natural gas (RNG), a sustainable fuel derived from organic waste. Clean Energy allows thousands of vehicles, from airport shuttles to city buses to waste and heavy-duty trucks, to reduce their amount of climate-harming greenhouse gas. We operate a vast network of fueling stations across the U.S. and Canada. Visit www.cleanenergyfuels.com and follow @ce_renewables on Twitter.
Robert M. Vreeland, CFO
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HOUSTON--(BUSINESS WIRE)--#diversity--Opportune LLP, a leading global energy business advisory firm, is pleased to announce that it has named Nichole Jaggers as Chief People Officer. As a key member of Opportune’s leadership, Mrs. Jaggers will be responsible for overseeing the firm’s people strategy, including human resources management, operations, talent management and talent acquisition, organization development, recruitment, learning and development, and diversity and inclusion efforts.
“At Opportune, we firmly believe that our people are our most valuable asset and what truly sets us apart in a competitive and rapidly evolving marketplace,” said David Baggett, Manager Partner of Opportune. “We are pleased to have Nichole rejoin our team and look forward to her fostering our distinct culture in our next phase of growth.”
Mrs. Jaggers brings over 10 years of relevant industry experience in human resources, talent management, and operational roles. Before Opportune, Mrs. Jaggers was Head of Talent at BPX Energy, a wholly-owned subsidiary of BP plc and the U.S. onshore oil and gas business within BP’s Production and Operations organization, where she led all activities in recruiting, onboarding, talent management, learning and development, and reward. Recently, she led the design and implementation of workforce planning, a high potential leadership development program, and an end-to-end recruitment process. Mrs. Jaggers came to BP following several years in energy consulting, having held the positions of Human Resources Manager and Human Resources Assistant at Opportune.
“The people at Opportune and their commitment to culture, talent development, recruiting, and diversity are what attracted me to the company,” added Mrs. Jaggers. “I am excited to join the leadership team and help to successfully evolve the culture of such a dynamic and fast-paced organization.”
Mrs. Jaggers holds a B.A. in Political Science with a Minor in Business from Texas A&M University. She also completed the High Potential Leadership Program at Harvard Business School’s Executive Education and holds a Professional in Human Resources (PHR) certification.
About Opportune LLP
Opportune LLP is a leading global energy business advisory firm specializing in adding value to clients across the energy industry, including upstream, midstream, downstream, power and gas, commodities trading, and oilfield services. Opportune’s service lines include complex financial reporting, disputes and litigations, enterprise risk, investment banking, outsourcing, process and technology, reserve engineering and geosciences, restructuring, strategy and organizational design, tax, transactional due diligence, and valuation. For additional information, please visit www.opportune.com.
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Cleantech veteran Scott McGaraghan joins Voltus leadership team to extend the reach of Voltus’s platform in international markets
SAN FRANCISCO & BOSTON--(BUSINESS WIRE)--Voltus, Inc. ("Voltus"), the leading distributed energy resource (DER) software platform, today announces the addition of Scott McGaraghan to its executive team as Vice President of International Business Development. McGaraghan brings over 25 years of experience in the cleantech industry to this role, including proven success building and scaling DER programs internationally.
Prior to joining Voltus, McGaraghan was responsible for building and growing grid services for Google Nest, most recently as the founding Product Manager for Google’s Nest Renew Program, which allows consumers to shift electricity consumption to times when the grid is leveraging cleaner sources of energy. McGaraghan previously worked with Voltus Co-founders for five years, at EnerNOC, where he oversaw the company’s international business development, opening its European market. He spent several years working for Bain and Company as a management consultant, providing strategic support to both electric utilities and international clients. McGaraghan holds both undergraduate and graduate degrees from Stanford University in Engineering, in addition to an MBA from the Stanford Graduate School of Business.
“Over the past four years, the Voltus team has built a roughly 2,500 MW portfolio in the US and Canada alone. We expect international growth to follow a similar trajectory, projecting over 2,000 MWs in international markets by 2025,” explains Matthew Plante, Voltus President. “Scott’s background complements our team’s previous experience opening ten countries to DERs and will play an integral role in bringing the economic and reliability benefits of all DER types to markets internationally through the Voltus platform.”
"I joined Nest ten years ago because I saw the potential to build a fleet of distributed energy resources and accelerate the clean energy transition, yet we are only just starting to integrate these assets into the energy markets,” said McGaraghan. “I'm joining Voltus because I believe this team has the technology to finally unleash the power of not only residential thermostats, but all DERs, bringing the economic and reliability benefits of these assets to markets around the globe."
About Voltus
Voltus is the leading software technology platform connecting distributed energy resources to electricity markets, delivering less expensive, more reliable, and more sustainable electricity. Our commercial and industrial customers and DER partners generate cash by allowing Voltus to maximize the value of their flexible load, distributed generation, energy storage, energy efficiency, and electric vehicle resources in these markets. To learn more, visit www.voltus.co.
On November 30, 2021, Broadscale Acquisition Corp. ("Broadscale") (Nasdaq: SCLE) entered into a definitive agreement for a business combination with Voltus. The combined company is expected to be listed on the Nasdaq upon completion of the transaction. The transaction is expected to occur in the second quarter of 2022 and is subject to approval by Broadscale's stockholders, the registration statement being declared effective by the SEC, and other customary closing conditions.
Forward-Looking Statements
This press release contains certain “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended, including certain financial forecasts and projections. All statements other than statements of historical fact contained in this press release, including statements as to future results of operations and financial position, revenue and other metrics, planned products and services, business strategy and plans, objectives of management for future operations of Voltus market size and growth opportunities, competitive position and technological and market trends, are forward-looking statements. Some of these forward-looking statements can be identified by the use of forward-looking words, including “may,” “should,” “expect,” “intend,” “will,” “estimate,” “anticipate,” “believe,” “predict,” “plan,” “targets,” “projects,” “could,” “would,” “continue,” “forecast” or the negatives of these terms or variations of them or similar expressions. All forward-looking statements are subject to risks, uncertainties, and other factors which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. All forward-looking statements are based upon estimates, forecasts and assumptions that, while considered reasonable by Broadscale and its management, and Voltus and its management, as the case may be, are inherently uncertain and many factors may cause the actual results to differ materially from current expectations which include, but are not limited to: 1) the occurrence of any event, change or other circumstance that could give rise to the termination of the definitive merger agreement with respect to the business combination; 2) the outcome of any legal proceedings that may be instituted against Voltus, Broadscale, the combined company or others following the announcement of the business combination and any definitive agreements with respect thereto; 3) the inability to complete the business combination due to the failure to obtain approval of the stockholders of Broadscale or Voltus, or to satisfy other conditions to closing the business combination; 4) changes to the proposed structure of the business combination that may be required or appropriate as a result of applicable laws or regulations or as a condition to obtaining regulatory approval of the business combination; 5) the ability to meet Nasdaq's listing standards following the consummation of the business combination; 6) the risk that the business combination disrupts current plans and operations of Voltus as a result of the announcement and consummation of the business combination; 7) the inability to recognize the anticipated benefits of the business combination, which may be affected by, among other things, competition, the ability of the combined company to grow and manage growth profitably, maintain relationships with customers and suppliers and retain its management and key employees; 8) costs related to the business combination; 9) changes in applicable laws or regulations; 10) the possibility that Voltus or the combined company may be adversely affected by other economic, business and/or competitive factors; 11) Voltus’s estimates of its financial performance; 12) the risk that the business combination may not be completed in a timely manner or at all, which may adversely affect the price of Broadscale’s securities; 13) the risk that the transaction may not be completed by Broadscale’s business combination deadline and the potential failure to obtain an extension of the business combination deadline if sought by Broadscale; 14) the impact of the novel coronavirus disease pandemic, including any mutations or variants thereof, and its effect on business and financial conditions; 15) inability to complete the PIPE investment in connection with the business combination; and 16) other risks and uncertainties set forth in the sections entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in Broadscale’s registration statement on Form S-4 (File No. 333-262287), filed with the SEC on January 21, 2022 and as amended by Amendment No. 1 filed on March 18, 2022 (collectively, the “Registration Statement”), and other documents filed by Broadscale from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Nothing in this press release should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward looking statements will be achieved. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. Neither Broadscale nor Voltus gives any assurance that either Broadscale or Voltus or the combined company will achieve its expected results. Neither Broadscale nor Voltus undertakes any duty to update these forward-looking statements, except as otherwise required by law.
Use of Projections
This press release may contain financial forecasts of Voltus. Neither Voltus’s independent auditors, nor the independent registered public accounting firm of Broadscale, audited, reviewed, compiled or performed any procedures with respect to the projections for the purpose of their inclusion in this press release, and accordingly, neither of them expressed an opinion or provided any other form of assurance with respect thereto for the purpose of this press release. These projections should not be relied upon as being necessarily indicative of future results. The projected financial information contained in this press release constitutes forward-looking information. The assumptions and estimates underlying such projected financial information are inherently uncertain and are subject to a wide variety of significant business, economic, competitive and other risks and uncertainties that could cause actual results to differ materially from those contained in the prospective financial information. See “Forward-Looking Statements” above. Actual results may differ materially from the results contemplated by the projected financial information contained in this press release, and the inclusion of such information in this press release should not be regarded as a representation by any person that the results reflected in such projections will be achieved.
Additional Information and Where to Find It
In connection with the proposed transaction, Broadscale has filed with the U.S. Securities and Exchange Commission the Registration Statement, which included a preliminary proxy statement and a preliminary prospectus. After the Registration Statement has been declared effective, Broadscale will mail a definitive proxy statement /prospectus relating to the proposed transaction to its stockholders as of the record date established for voting on the proposed transactions. Broadscale’s stockholders and other interested persons are urged to carefully read the Registration Statement, including the preliminary proxy statement / preliminary prospectus, and any amendments thereto, and, when available, the definitive proxy statement/prospectus and other documents filed in connection with the proposed transaction, as these materials contain, or will contain, important information about the proposed transaction and the parties to the proposed transaction.
Broadscale’s stockholders and other interested persons will be able to obtain free copies of the Registration Statement, the preliminary proxy statement / preliminary prospectus, the definitive proxy statement/prospectus and all other relevant documents filed or that will be filed with the SEC, without charge, when available, at the website maintained by the SEC at www.sec.gov.
The documents filed by Broadscale with the SEC also may be obtained free of charge at Broadscale’s website at https://www.broadscalespac.com or upon written request to 1845 Walnut Street, Suite 1111, Philadelphia, PA 19103.
NEITHER THE SEC NOR ANY STATE SECURITIES REGULATORY AGENCY HAS APPROVED OR DISAPPROVED THE TRANSACTIONS DESCRIBED IN THIS PRESS RELEASE, PASSED UPON THE MERITS OR FAIRNESS OF THE BUSINESS COMBINATION OR RELATED TRANSACTIONS OR PASSED UPON THE ADEQUACY OR ACCURACY OF THE DISCLOSURE IN THIS PRESS RELEASE. ANY REPRESENTATION TO THE CONTRARY CONSTITUTES A CRIMINAL OFFENSE.
Participants in the Solicitation
Broadscale and Voltus and their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from Broadscale’s stockholders in connection with the proposed transactions. Broadscale’s stockholders and other interested persons may obtain, without charge, more detailed information regarding the directors and executive officers of Broadscale listed in the Registration Statement. Information regarding the persons who may, under SEC rules, be deemed participants in the solicitation of proxies from Broadscale’s stockholders in connection with the proposed business combination is set forth in the Registration Statement.
No Offer or Solicitation
This press release is not intended to and does not constitute an offer to sell or the solicitation of an offer to buy, sell or solicit any securities or any proxy, vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be deemed to be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act.
Investor Relations Contact – Voltus
Sioban Hickie, ICR, Inc.
Eduardo Royes, ICR, Inc.
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Media Contact – Voltus
Matt Dallas, ICR, Inc.
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RESTON, Va.--(BUSINESS WIRE)--Bowman Consulting Group Ltd. (“Bowman”), a multi-disciplinary engineering services firm, has partnered with Transportation Energy Partners (TEP) and dozens of public and private partners on Drive Clean Rural USA, a U.S. Department of Energy (DOE) funded pilot project to bring alternative fuel sources, like hydrogen, electric and more to rural communities.
Funded by the DOE, and managed by the nonprofits TEP and Clean Fuels Ohio, Drive Clean Rural USA is an eight-state pilot project that brings together rural government leaders, business owners, fleet managers, farmers, and industry experts to accelerate rural communities’ access to clean fuel transportation solutions. The eight states participating in the pilot project include: Alabama, Indiana, Ohio, Oregon, Utah, Virginia, Washington and Wisconsin.
Participating county government and private fleet partners will receive free technical assistance from Clean Cities coalitions and the project’s industry partners. Drive Clean Rural USA is a three-phase project that will run through June 2024.
“Bowman is committed to the clean-energy transition, and we’re thrilled to work with Transportation Energy Partners and Clean Cities coalitions to help rural communities nationwide with the environmental, survey, civil and MEP engineering required to get better access to alternative fuels,” said Michael Ginsberg, Vice President of Energy Transition at Bowman.
Bowman joins this project as an industry partner to provide planning and engineering support to communities in the eight clean cities partner states to help them gain access to alternative fuels. Bowman and other industry partners help support rural communities by providing knowledge on infrastructure for alternative fuels, including logistics and transportation, predevelopment construction assistance, and construction costs.
“This project is all about overcoming barriers that rural communities face in transitioning to cleaner fuels and vehicles,” said TEP Executive Director Ken Brown. “We are delighted to have Bowman’s planning expertise, which will play a vital role in helping communities maximize the clean air, cost saving, and economic development benefits that clean fuels and vehicles can deliver.”
Leveling the Playing Field for Rural America
Local governments, businesses, hospitals, and schools across the country are saving money and enjoying cleaner air by transitioning fleets to U.S. clean fuels and advanced vehicle technologies. But too often, rural communities miss out on these benefits because they don’t have equitable access to information, infrastructure, and financing support.
Drive Clean Rural USA is designed to change that. There is no one clean fuel or path that makes sense for every community. That is why this program will provide vehicle demos, fleet assessments, and expert consultation to help rural counties develop practical plans that reflect their distinct fleet priorities, fuel type costs and benefits, infrastructure and financing options, and available federal and state financial incentives.
As part of the program, there will be vehicle fleet analyses that assess vehicle tasks, drive cycles, mileage and more. There will also be demo vehicles available to some program participants ranging from fleet cars, pick-up trucks, and bucket trucks powered by propane, natural gas, hydrogen, electric plug-in, and biofuels.
“Partnerships like this are an important part of Bowman’s ESG (Environmental, Social and Governance) strategy of helping rural and disadvantaged communities gain access to clean fuels,” Ginsberg added. “I look forward to working with these important partners and states to advance energy equity in the U.S. and the transition to a clean-energy economy.”
About Bowman Consulting Group Ltd.
Headquartered in Reston, Virginia, Bowman is an established professional services firm delivering innovative infrastructure engineering solutions to customers who own, develop, and maintain the built environment. With over 1,100 employees and more than 40 offices throughout the United States, Bowman provides a variety of infrastructure planning, engineering, construction management, commissioning, environmental consulting, geomatics, survey, land procurement and other technical services to customers operating in a diverse set of regulated end markets. On May 11, 2021, Bowman completed its $51.7 million initial public offering and began trading on the Nasdaq under the symbol BWMN. For more information, visit bowman.com.
Carolyn Artman
313.269.4729; This email address is being protected from spambots. You need JavaScript enabled to view it.
HAMILTON, Bermuda--(BUSINESS WIRE)--Valaris Limited (NYSE: VAL) ("Valaris" or the "Company") will hold its first quarter 2022 earnings conference call at 9:00 a.m. CDT (10:00 a.m. EDT) on Tuesday, May 3, 2022. The earnings release will be issued before the New York Stock Exchange opens that morning.
The conference call will be webcast live at www.valaris.com. Alternatively, callers may dial +1-855-239-3215 within the United States or +1-412-542-4130 from outside the U.S. It is recommended that participants call 10 minutes prior to the scheduled start time.
A webcast replay and transcript of the call will be available on the Company’s website. A replay will also be available through June 3, 2022 by dialing +1-877-344-7529 within the United States or +1-412-317-0088 from outside the U.S. (conference ID 9753771).
Valaris uses its website to disclose material and non-material information to investors, customers, employees and others interested in the Company. To receive regular updates on Valaris news or SEC filings, please sign-up for Email Alerts on the Company’s website.
About Valaris Limited
Valaris Limited (NYSE: VAL) is the industry leader in offshore drilling services across all water depths and geographies. Operating a high-quality rig fleet of ultra-deepwater drillships, versatile semisubmersibles and modern shallow-water jackups, Valaris has experience operating in nearly every major offshore basin. Valaris maintains an unwavering commitment to safety, operational excellence, and customer satisfaction, with a focus on technology and innovation. Valaris Limited is a Bermuda exempted company (Bermuda No. 56245). To learn more, visit our website at www.valaris.com.
Tim Richardson
Director – Investor Relations
+1-713-979-4619
BOSTON--(BUSINESS WIRE)--Schneider Electric, the global leader in the digital transformation of energy management and automation, has been named to Fast Company’s prestigious annual list of the World’s Most Innovative Companies for 2022. Schneider Electric has earned the standing of number four in the Consumer Electronics category for developing innovations that allow homeowners to actively manage their energy use.
Schneider Electric is recognized as one of the world’s most sustainable companies and a global leader in the digital transformation of energy management and automation across homes, buildings, data centers, infrastructure and industries, bridging progress and sustainability around the world with a mission to empower all to make the most of our energy and resources.
“With sustainability at our core, we are helping customers move to a more electric and digital world to increase energy efficiency, reduce costs and reduce their carbon footprint,” said Abigail Gabriel, Chief Marketing Officer North America, Schneider Electric. "We’re honored that Fast Company has recognized our innovative solutions that allow homeowners to better understand their energy use and empower them to make positive changes for their homes and the environment.”
This year’s list honors businesses that are making the biggest impact on their industries and culture as a whole—ultimately thriving in today’s ever-changing world. These companies are creating the future today with some of the most inspiring accomplishments of the 21st century. In addition to the World's 50 Most Innovative Companies, 528 organizations are recognized across 52 categories.
Innovative strides in the Consumer Electronics space
Fast Company’s Most Innovative Companies award recognizes Schneider Electric’s latest innovations in the home energy management space, which work together to create a grid-to-plug solution that gives homeowners unprecedented control over their home energy use. These innovations include:
Fast Company’s editors and writers sought out the most groundbreaking businesses across the globe and industries. They also judged nominations received through their application process.
The World’s Most Innovative Companies is Fast Company’s signature franchise and one of its most highly anticipated editorial efforts of the year. It provides both a snapshot and a road map for the future of innovation across the most dynamic sectors of the economy.
“The world’s most innovative companies play an essential role in addressing the most pressing issues facing society, whether they’re fighting climate change by spurring decarbonization efforts, ameliorating the strain on supply chains, or helping us reconnect with one another over shared passions,” said Fast Company Deputy Editor David Lidsky.
To view the full list, please visit: https://www.fastcompany.com/90724374/most-innovative-companies-consumer-electronics-2022.
About Fast Company
Fast Company is the only media brand fully dedicated to the vital intersection of business, innovation, and design, engaging the most influential leaders, companies, and thinkers on the future of business. Headquartered in New York City, Fast Company is published by Mansueto Ventures LLC, along with our sister publication Inc., and can be found online at www.fastcompany.com.
About Schneider Electric
Schneider’s purpose is to empower all to make the most of our energy and resources, bridging progress and sustainability for all. We call this Life Is On.
Our mission is to be your digital partner for Sustainability and Efficiency.
We drive digital transformation by integrating world-leading process and energy technologies, end-point to cloud connecting products, controls, software and services, across the entire lifecycle, enabling integrated company management, for homes, buildings, data centers, infrastructure and industries.
We are the most local of global companies. We are advocates of open standards and partnership ecosystems that are passionate about our shared Meaningful Purpose, Inclusive and Empowered values.
Discover Life Is On Follow us on: Twitter, Facebook, LinkedIn, YouTube, Instagram, Blog
Discover the newest perspectives shaping sustainability, electricity 4.0, and next generation automation on Schneider Electric Insights
Hashtags: #FCMostInnovative; #LifeIsOn, #Innovation #SmartHome
Schneider Electric Media Relations – Thomas Eck, (919) 266-8623; This email address is being protected from spambots. You need JavaScript enabled to view it.
SAN JOSE, Calif.--(BUSINESS WIRE)--QuantumScape Corporation (NYSE: QS), a leader in developing next-generation solid-state lithium-metal batteries for use in electric vehicles, today announced it will release 2022 first quarter financial results after market close on Tuesday, April 26, 2022. This will be followed by a conference call at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time). Participating on the call will be Jagdeep Singh, co-founder and chief executive officer, and Kevin Hettrich, chief financial officer, of QuantumScape.
Starting today, April 12, retail and institutional shareholders can submit and upvote questions they would like addressed on the earnings call. QuantumScape management will respond to a selection of the most upvoted questions. To submit questions, please visit the Say online platform; shareholders at brokers with Say can participate directly in their investing app or broker website. We will accept questions on the Q&A platform until Monday, April 25, at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time).
The earnings call will be accessible live via a webcast on QuantumScape’s IR Events Calendar page. An archive of the webcast will be available shortly after the call for 12 months.
About QuantumScape Corporation
QuantumScape is on a mission to transform energy storage with solid-state lithium-metal battery technology. The company’s next-generation batteries are designed to enable longer range, faster charging and enhanced safety in electric vehicles to support the transition away from legacy energy sources toward a lower carbon future. For more information, please visit www.quantumscape.com.
For Investors
John Saager, CFA
Head of Investor Relations
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For Media
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Xylem Announces Investments in Technology Development Funds Burnt Island Ventures and The Westly Group
RYE BROOK, N.Y.--(BUSINESS WIRE)--#LetsSolveWater--Global water technology company, Xylem (NYSE:XYL), has announced Limited Partner (LP) investments in venture capital funds Burnt Island Ventures and The Westly Group’s Funds III and IV, supporting the development of innovative water and industrial technologies. The combined $20 million investment across both funds forms a key part of Xylem’s external innovation program, Xylem Innovation Labs. These investments bolster Xylem Innovation Labs’ open innovation network and its commitment to bringing the most important water technology innovations to market at speed and scale.
Xylem’s position in Burnt Island Ventures, focused on supporting early-stage water innovation, is complemented by The Westly Group’s emphasis on energy, industry 4.0, and cybersecurity. Together, Xylem will have a global view and early visibility of technologies across the water value chain, including digital solutions, that are on the path to technological and commercial success.
David Flinton, Chief Innovation, Technology and Products Officer at Xylem, said, “A key element of Xylem’s innovation ecosystem is investing in early-stage technology, whether developed in-house, or by promising external entrepreneurs and innovators. Our team, Xylem Innovation Labs, is working closely with our colleagues at Burnt Island Ventures and The Westly Group to nurture and scale disruptive ideas in the water industry. As a leader in developing break-through water tech innovations, we know that collaborating with a broad network of partners, including venture capital firms and start-ups, is crucial to the future of optimizing water management.”
Tom Ferguson, Founder and Managing Partner, Burnt Island Ventures, and former VP of Imagine H2O, the leading water innovation accelerator and ecosystem for water entrepreneurs, said “It's been an absolute pleasure working with the Xylem team over the years, and they’re an essential partner as we build the seed fund of choice for water entrepreneurs, globally. Their investment, via Xylem Innovation Labs, is a reflection of how seriously the company takes the work of supporting the new frontier of water technology.”
Steve Westly, Founder and Managing Partner of The Westly Group said, “There is a global revolution and convergence of energy, water, buildings and IoT, unlocking strong opportunities for investment. We’re proud to partner with Xylem to identify new technologies to better serve the world’s water needs.”
Xylem Innovation Labs identifies and leverages the next generation of technologies and trends in support of Xylem’s mission to create a water-secure world. With a global presence, the program supports start-ups by fast-tracking technology development and leveraging Xylem’s resources to accelerate new innovations to market.
About Xylem
Xylem (XYL) is a leading global water technology company committed to solving critical water and infrastructure challenges with innovation. Our 17,000 diverse employees delivered revenue of $5.2 billion in 2021. We are creating a more sustainable world by enabling our customers to optimize water and resource management, and helping communities in more than 150 countries become water-secure. Join us at www.xylem.com.
About Burnt Island Ventures
Burnt Island Ventures was founded in 2020 to become the pre-eminent early stage venture fund for water entrepreneurs, filling a gap in the $900 billion industry's funding structure. The team has exceptional water expertise, comprising founders, investors, and senior technical and commercial water executives. Managing Partner Tom Ferguson ran Imagine H2O's Accelerator, the industry’s #1 founder program, for over 5 years. Burnt Island Ventures closed its first $30m fund in February 2022, and is already invested in 15 companies active in zero liquid discharge, industrial filtration, municipal and utility efficiency, water access, contaminant destruction, flood prevention, stormwater management control, and infrastructure renewal.
About The Westly Group
The Westly Group is a leading venture capital firm focused on sustainability with industry-leading returns. Founded in 2007, the firm has had nine companies go public including Tesla Motors. The Westly Group's latest $300 million fund invests in startups focused on the digitization and sustainability of energy, mobility, buildings, industrial technology, and cybersecurity.
Houston Spencer, Xylem
+1 914 240 3046
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The NICO Project is one of the few advanced cobalt developments in the world to meet the growing demand in lithium-ion batteries powering electric vehicles and portable electronics
LONDON, Ontario--(BUSINESS WIRE)--Fortune Minerals Limited (TSX: FT) (OTCQB: FTMDF) (“Fortune” or the “Company”) (www.fortuneminerals.com) is pleased to report on the C$3.8 billion of financial support for Critical Minerals announced in last week’s Government of Canada budget for 2022 (“2022 Budget”). The funds are being allocated to accelerate domestic production and processing of Critical Minerals, particularly cobalt, nickel and lithium used in the manufacture of lithium-ion rechargeable batteries for electric vehicles (“EV’s”), portable electronics, and stationary storage cells to make electricity use more eficient. Fortune’s 100%-owned NICO cobalt-gold-bismuth-copper project (“NICO Project”) is a vertically integrated Critical Minerals development comprised of a planned open pit and underground mine and mill in Canada’s Northwest Territories (“NWT”) and a planned hydrometallurgical refinery in Alberta. The NICO Project is one of the few advanced cobalt development assets in the world that can be developed in the timelines required to meet current cathode chemistries and will benefit from implementation of these programs. The Mineral Reserves for the NICO deposit also include 1.1 million ounces of gold, 12% of global bismuth reserves, and copper as a minor by-product.
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The 2022 Budget recognizes the importance of a stronger domestic raw material supply chain for North American industries involved in the transition to new technologies and the growing green economy. Greater geographic vertical integration of raw material supplies will capture more value-added processing in Canada, reduce risks and costs associated with long and unreliable supply chains, and will provide munafacturers with a transparent source of Critical Minerals produced with Canadian environmental-social governance (“ESG”) values. Critical Mineral developments can be encumbered by higher capital costs due to the requirement for downstream process plants that come with additional permitting and regulatory risks. Some northern projects are also impacted by an infrastructure deficit that requires additional investment by companies to construct their own facilities. The 2022 Budget provides financial supports to address many of these concerns.
2022 Budget Critical Mineral Support Highlights:
Fortune is encouraged that the 2022 Budget allocates significant funding to align with government policy objectives to grow the domestic Critical Minerals supply chain. The Company is currently engaged with the Canadian and Alberta governments to secure their support for an accelerated development of the NICO Project. Fortune was recently invited by Invest In Canada to present at a an investment conference in Dubai that included a pre-recorded introduction to the NICO Project (access video here.).
NICO Project:
The NICO Project is an advanced development stage asset to provide a reliable North American source of three Critical Minerals (cobalt, bismuth and copper). Fortune has expended more than C$135 million to advance the NICO Project from an in-house discovery to a near-term producer with a 20-year supply of Critical Minerals. The Company has received environmental assessment approval and the Type “A” Water License to construct and operate the NICO mine and concentrator. Recent completion of the C$200 million Tlicho public highway to the community of Whati is a key enabler for the NICO development. This road, together with the spur road Fortune plans to construct, will allow metal concentrates to be trucked to Hay River or Enterprise, NWT for railway delivery to the Company’s planned refinery in Alberta. An important economic attribute of NICO ores is a high concentration ratio from simple flotation, which allows the mill feed to be reduced to ~4% of the original mass for lower cost transportation and downstream processing of a homogeneous sulphide concentrate at the refinery.
In January, 2022, Fortune entered into an option agreement with JFSL Field Services ULC, a wholly-owned subsidiary of a large international engineering company, to purchase a former steel fabrication plant, located in Lamont County within Alberta’s Industrial Heartland northeast of Edmonton. The plant has 40,000 square feet of serviced shops and buildings located close to sources of reagents, services and a commutable labour pool to materially reduce costs for the hydrometallurgical refinery.
Critical Minerals:
The Canadian and United States (“U.S.”) governments have signed a Joint Action Plan on Critical Mineral Collaboration to enable greater North American production of the minerals identified as critical to economic and national security. Minerals considered critical for this purpose have essential use in important industrial and defense applications, cannot be easily substituted, and their supply chains are threatened by geographic concentration of production and/or geopolitical risks.
In addition to the support announced in the 2022 Budget, U.S. President Joe Biden recently invoked the Defense Production Act (“DPA”) to accelerate the build-out of a domestic battery materials supply chain. The measure is being tailored to future energy metals such as cobalt, lithium and nickel as energy transitions from fossil fuels to renewables. "To promote the national defense, the United States must secure a reliable and sustainable supply of such strategic and critical materials," said President Biden. The U.S. relies on imports for Critical Minerals, often from what Biden termed "unreliable foreign sources". Demand for battery materials is set to increase exponentially in the coming years as automakers increase EV production and build out the required capacity. The DPA is intended as a federal government accelerator for a domestic battery metals supply chain that is still in its infancy. The real significance of invoking the DPA, however, is that it elevates battery metals to the top of the U.S. critical materials supply list. Further, U.S. domestic investment is expected to go hand in hand with mineral alliances, particularly with the European Union, Australia and Canada, the latter which itself is preparing a major investment drive into the battery supply chain.
Cobalt is an ‘Energy Metal’ due to its primary consumption in lithium-ion batteries. It is also consumed in aerospace, magnet and cutting tool alloys, and pigments and catalysts needed in chemical processes. The cobalt market is currently more than 160,000 tonnes of refined metal, although analysts project that consumption will grow to between 300,000 and 400,000 tonnes by the end of this decade, primarily due to demand from EV’s. More than 70% of cobalt mine production is currently sourced from the Democratic Republic of the Congo, more than half of which is controlled by Chinese state-owned corporations. China also controls 68% of cobalt refinery production and 80% of cobalt chemical supply.
Bismuth is also a Critical Mineral with unique properties, including low melting temperature, high density and it is one of the few metals that expands when cooled, properties that are leveraged by the automotive industry for glass frits, anti-corrosion coatings, and metallic paints and pigments. Bismuth is non-toxic and has anti-bacterial properties making it ideal for use in pharmaceuticals such as Pepto-Bismol® and some medical devices. The bismuth market is approximately 20,000 tonnes per annum, but has growing demand as an ‘Eco-Metal’ and environmentally safe replacement for lead in solders, galvanizing and brass alloys, free-machining steel and aluminum, paint, glass, ceramic glazes, radiation shielding, cosmetics, solar voltaics, ammunition, and fishing sinkers. Many of these applications have been developed because of legislation banning or restricting the use of toxic metals including lead. China controls approximately 75% of current bismuth mine and refinery production and the NICO deposit contains the World’s largest known Mineral Reserve.
Copper is also identified as a Critical Mineral by Canada. The gold contained in the NICO deposit provides a countercyclical and highly liquid co-product.
For more detailed information about the NICO Mineral Reserves and certain technical information in this news release, please refer to the Technical Report on the NICO Project, entitled "Technical Report on the Feasibility Study for the NICO-Gold-Cobalt-Bismuth-Copper Project, Northwest Territories, Canada", dated April 2, 2014 and prepared by Micon International Limited which has been filed on SEDAR and is available under the Company's profile at www.sedar.com.
The disclosure of scientific and technical information contained in this news release has been approved by Robin Goad, M.Sc., P.Geo., President and Chief Executive Officer of Fortune, who is a "Qualified Person" under National Instrument 43-101.
About Fortune Minerals:
Fortune is a Canadian mining company focused on developing the NICO cobalt-gold-bismuth-copper Critical Minerals project in the NWT and Alberta. Fortune also owns the satellite Sue-Dianne copper-silver-gold deposit located 25 km north of the NICO deposit and is a potential future source of incremental mill feed to extend the life of the NICO mill and concentrator.
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This press release contains forward-looking information and forward-looking statements within the meaning of applicable securities legislation. This forward-looking information includes statements with respect to, among other things, the development of the NICO Project and the proposed hydrometallurgical refinery, the potential for expansion of the NICO Deposit and the Company’s plans to develop the NICO Project. Forward-looking information is based on the opinions and estimates of management as well as certain assumptions at the date the information is given (including, in respect of the forward-looking information contained in this press release, assumptions regarding: the Company’s ability to complete construction of a NICO Project refinery; the Company’s ability to arrange the necessary financing to continue operations and develop the NICO Project; the support of the federal and/or provincial government for the NICO Project; the receipt of all necessary regulatory approvals for the construction and operation of the NICO Project and the related hydrometallurgical refinery and the timing thereof; growth in the demand for cobalt; the time required to construct the NICO Project; and the economic environment in which the Company will operate in the future, including the price of gold, cobalt and other by-product metals, anticipated costs and the volumes of metals to be produced at the NICO Project). However, such forward-looking information is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. These factors include the risks that the 2021 drill program may not result in a meaningful expansion of the NICO Deposit, the COVID-19 pandemic may interfere with the Company’s ability to conduct the drill program, the Company may not be able to complete the purchase of the JSFL site and secure a site for the construction of a refinery, the Company may not be able to finance and develop NICO on favourable terms or at all, uncertainties with respect to the receipt or timing of required permits, approvals and agreements for the development of the NICO Project, including the related hydrometallurgical refinery, the construction of the NICO Project may take longer than anticipated, the Company may not be able to secure offtake agreements for the metals to be produced at the NICO Project, the Sue-Dianne Property may not be developed to the point where it can provide mill feed to the NICO Project, the inherent risks involved in the exploration and development of mineral properties and in the mining industry in general, the market for products that use cobalt or bismuth may not grow to the extent anticipated, the future supply of cobalt and bismuth may not be as limited as anticipated, the risk of decreases in the market prices of cobalt, bismuth and other metals to be produced by the NICO Project, discrepancies between actual and estimated Mineral Resources or between actual and estimated metallurgical recoveries, uncertainties associated with estimating Mineral Resources and Reserves and the risk that even if such Mineral Resources prove accurate the risk that such Mineral Resources may not be converted into Mineral Reserves once economic conditions are applied, the Company’s production of cobalt, bismuth and other metals may be less than anticipated and other operational and development risks, market risks and regulatory risks. Readers are cautioned to not place undue reliance on forward-looking information because it is possible that predictions, forecasts, projections and other forms of forward-looking information will not be achieved by the Company. The forward-looking information contained herein is made as of the date hereof and the Company assumes no responsibility to update or revise it to reflect new events or circumstances, except as required by law.
Fortune Minerals Limited
Troy Nazarewicz
Investor Relations Manager
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Tel: (519) 858-8188
www.fortuneminerals.com
BOSTON--(BUSINESS WIRE)--Advent Technologies Holdings, Inc. (NASDAQ: ADN) (“Advent” or the “Company”), an innovation-driven leader in the fuel cell and hydrogen technology sectors, is pleased to announce that Alan Kneisz has joined the company as Vice President of Business Development, for the Asia market.
Mr. Kneisz has extensive experience implementing green technologies into practical applications globally with Private and Government institutions. More specifically, he has been at the forefront of Hydrogen technology deployments by working with companies that develop fuel cell power systems, renewable energy applications, energy storage, hydrogen fueling, back-up power, and hydrogen transport solutions.
Focusing on bringing hydrogen electrolyzers and fuel cell products to market in the Asia Pacific, Middle East, and Europe, Mr. Kneisz has been heavily involved in public infrastructure projects and private markets such as private power producers, transportation, Original Equipment Manufacturers, Telecommunications, IT, and Military and Rail markets. Over the past ten years, Mr. Kneisz served as Global Business Development Director at Cummins Inc. Prior to that, he served as Regional Director (Asia Pacific & Oceania) at Ballard Power Systems.
“Alan has had a long and quite impressive career in the fuel cell industry, and we expect him to be a valuable asset to our team. His role will be focusing on strategically developing our future offerings and increasing the supply of our current range of clean and reliable fuel cell solutions at a global scale,” said Advent’s Chief Marketing Officer, Chris Kaskavelis.
“One of Advent’s main goals is to be a driving force of innovation and practical technology, with the immediate objectives of replacing diesel generators and combustion engines with clean, efficient fuel cells, and fossil fuels with green hydrogen and renewable zero-emission fuels. For several years, Alan has been a thought leader in promoting the Hydrogen Economy. We appreciate that his global experience will help us in securing opportunities of high strategic importance for the company. We are thrilled to welcome him to the Advent team and look forward to collaborating with him,” Mr. Kaskavelis added.
Mr. Kneisz stated, “I am beyond excited to be joining Advent and look forward to contributing to fulfilling its vision to help the world decarbonize faster by adopting hydrogen and fuel cells to replace fossil fuels. I am eager to use my experience to bring their current and future products to market and establish lasting and sustainable partnerships that will further validate Advent’s leading position in the fuel cell industry.”
About Advent Technologies Holdings, Inc.
Advent Technologies Holdings, Inc. is a U.S. corporation that develops, manufactures, and assembles complete fuel cell systems as well as supplying customers with critical components for fuel cells in the renewable energy sector. Advent is headquartered in Boston, Massachusetts, with offices in California, Greece, Denmark, Germany, and the Philippines. With more than 100 patents issued and licensed for its fuel cell technology, Advent holds the IP for next-generation HT-PEM that enables various fuels to function at high temperatures and under extreme conditions – offering a flexible “Any Fuel. Anywhere.” option for the automotive, aviation, defense, oil and gas, marine, and power generation sectors. For more information, visit www.advent.energy.
Cautionary Note Regarding Forward-Looking Statements
This press release includes forward-looking statements. These forward-looking statements generally can be identified by the use of words such as “anticipate,” “expect,” “plan,” “could,” “may,” “will,” “believe,” “estimate,” “forecast,” “goal,” “project,” and other words of similar meaning. Each forward-looking statement contained in this press release is subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statement. Applicable risks and uncertainties include, among others, the Company’s ability to maintain the listing of the Company’s common stock on Nasdaq; future financial performance; public securities’ potential liquidity and trading; impact from the outcome of any known and unknown litigation; ability to forecast and maintain an adequate rate of revenue growth and appropriately plan its expenses; expectations regarding future expenditures; future mix of revenue and effect on gross margins; attraction and retention of qualified directors, officers, employees and key personnel; ability to compete effectively in a competitive industry; ability to protect and enhance Advent’s corporate reputation and brand; expectations concerning its relationships and actions with technology partners and other third parties; impact from future regulatory, judicial and legislative changes to the industry; ability to locate and acquire complementary technologies or services and integrate those into the Company’s business; future arrangements with, or investments in, other entities or associations; and intense competition and competitive pressure from other companies worldwide in the industries in which the Company will operate; and the risks identified under the heading “Risk Factors” in Advent’s Annual Report on Form 10-K/A filed with the Securities and Exchange Commission on May 20, 2021, as well as the other information filed with the SEC. Investors are cautioned not to place considerable reliance on the forward-looking statements contained in this press release. You are encouraged to read Advent’s filings with the SEC, available at www.sec.gov, for a discussion of these and other risks and uncertainties. The forward-looking statements in this press release speak only as of the date of this document, and the Company undertakes no obligation to update or revise any of these statements. Advent’s business is subject to substantial risks and uncertainties, including those referenced above. Investors, potential investors, and others should give careful consideration to these risks and uncertainties.
Advent Technologies Holdings, Inc.
Michael Trontzos / Chris Kaskavelis
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New offering designed to help relieve financial challenges for rideshare drivers and couriers caused by near doubling of prices at the pump
NEW YORK--(BUSINESS WIRE)--#Moves--To offset the near doubling of prices year-over-year at the pump, Moves, an innovative financial services company designed exclusively to serve the needs of U.S. gig workers, today announced it is offering five percent cash back for all gas purchases. The surge in gas prices is causing a precipitous drop in take home pay for rideshare drivers and couriers, placing these independent workers in financial jeopardy.
Earners of Uber, Lyft, Doordash or other major gig platforms can download Moves and apply for the Moves Spending Account. Once approved, users will receive cash back on their very first gas purchase. A minimum spend or balance is not required and cash back rewards are added back to the gig workers’ accounts weekly.
In addition to providing cash back on gas purchases, Moves Spending Account holders also secure access to all the benefits the company offers its members, including cash advances, free use of ATMs, stock rewards in the companies they earn on and early access to weekly payouts.
“The rapid increase in gas prices over the past few months has taken a huge bite out of take home earnings for millions of gig workers,” said Matt Spoke, Moves’ CEO and founder. “We’ve heard and seen how much this impacts their livelihoods, and as a company dedicated to the financial wellbeing of gig workers, we knew we needed to take immediate action.”
While some rideshare platforms have introduced customer surcharges to offset the surging gas prices, the increases are not enough to cover the additional costs drivers face.
The Moves’ debit card with five percent cash back delivers a higher percentage cash back than most debit cards and can be used at any gas station. Moves’ cash back reward is deposited weekly, making it an easy way to save money at the pump.
“Gig workers are getting squeezed right now,” added Spoke. “Companies that exist to support or service gig workers need to step up and help them during this time. Our cash back offering demonstrates our focus on solving critical and immediate challenges facing millions of gig workers. We heard their collective ask for help, and we responded.”
About Moves
Moves is the all-in-one financial app built exclusively for gig workers. Moves’ members can manage their money better while earning free shares in the companies they work for.
Moves is headquartered in Toronto with a world-class team of 35, who aspire each day to improve the gig economy for its workers. The team is led by CEO Matthew Spoke.
To be eligible for the Gas Cash Back offer, you must have a Moves Spending Account with Blue Ridge Bank, N.A. You will be eligible to earn Cash Back rewards on your very first purchase with the Moves Visa® Card provided your Account is open. No other eligibility requirements apply to the Gas Cash Back offer.
This Offer period is limited time and will be available from 12:00AM EST April 4, 2022, to 11:59AM EST June 3, 2022.
Moves Financial reserves the right to amend, withdraw or restrict the Gas Cash Back ‘Offer’ at any time without notice. Moves Financial is the sole arbiter of these rules, the calculation of ‘Qualified Gas Spend’ and any other issue arising in connection with the Offer. If Moves Financial suspects fraudulent or abusive behaviour, gaming of the system or a violation of these terms, Moves Financial reserves the right to remove all promotions from the applicable Moves Spending Account and take any other action it deems appropriate including, but not limited to, closing the applicable Moves’ accounts. An invitation to participate in this Offer does not provide assurance that the invited customer will be accepted as a customer of Moves Financial or Blue Ridge Bank. Moves Financial’s standard terms (https://movesfinancial.com/legal/) relating to your use of Moves and any agreements that apply to the Moves Spending Account each apply and are not affected in any way by this Offer.
By enrolling in the Offer and agreeing to these Gas Cash Back Terms, you expressly authorize us to act on your behalf as your agent and representative to access your consumer financial information in your Account and Card pursuant to Section 1033 of the Dodd-Frank Wall Street Reform and Consumer Protection Act. Through this authorization, we will collect information about your financial transactions on your Account and your Card for the purpose of facilitating the Program and your participation in it. Your consumer financial information will be collected, maintained, stored, and shared in accordance with our Privacy Policy available at [https://movesfinancial.com/legal/].
For the purposes of the foregoing, Moves Financial is acting as an agent of our bank partner, Blue Ridge Bank, N.A.
Moves Financial is a financial technology company and is not a bank. Banking services are provided by Blue Ridge Bank N.A; Member FDIC. The Moves Financial Visa® Debit Card is issued by Blue Ridge Bank N.A. pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa debit cards are accepted. Cash advances are provided by Moves Financial, not Blue Ridge Bank N.A.
Brokerage services and products are provided through Bumped Financial LLC, member FINRA/SIPC. More about Bumped Financial LLC is available on FINRA’s BrokerCheck. Mention of any specific stock or holding is for illustrative purposes only and not an investment recommendation. This is not an offer to buy or sell securities, or to open an account where Bumped Financial LLC isn’t registered. The Bumped app and website are operated by Bumped, Inc. Bumped Financial is a wholly owned Subsidiary of Bumped, Inc. Moves is not an affiliate or subsidiary of Bumped, Inc. or Bumped Financial.
Investing in securities involves risk, including possible loss of principal: Not FDIC Insured • No Bank Guarantee • May Lose Value. Past performance is not a guarantee of future results. Neither Moves nor Bumped financial offers investment advice. Accounts are self directed. Individual investors should consider the risks and benefits associated with any investment or strategy and weigh potential benefits of investing against the risks associated with any investment. Risks include loss of the total value of the investment.
Accumulation of collective voting shares is not a consideration when determining the appropriateness of owning a particular stock. Investors should prioritize their individual investment objectives and personal investment considerations when deciding whether to buy, hold, or sell any security. Individual investors should consider the merits of a particular investment as it relates to their individual investment goals, overall financial situation, and appetite for risk.
Samuel Pajot-Phipps, VP Growth & Operations
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Review demonstrates Pacific Life’s commitment to the funding agreement-backed securities industry
NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Sustainalytics, which provides high-quality, analytical environmental, social and governance (ESG) research, ratings and data to institutional investors and companies, has released its first annual review of Pacific Life’s Sustainable Bond Framework and $800 million ESG bond issuance from April 2021.
Findings from the report include:
“We strive to generate sustainable, long-term investment returns in a balanced, responsible manner,” said Pacific Life President and Chief Executive Officer Darryl Button. “With this in mind, we acknowledge the evolving materiality of ESG factors and are increasingly integrating them into our investment decision making. Investing responsibly ties to Pacific Life’s Core Values of accountability for our actions, integrity to do the right thing, and making a positive impact on our community.”
“This review is an affirmation of the commitment we made to investors while marketing the sustainability bond offering in April 2021,” said Joe Krum, vice president and managing director, Institutional Capital Markets Group at Pacific Life. “We are even more excited today about the future of this program and its ability to drive investments in support of the objectives outlined in our Sustainable Bond Framework. As a team, we are looking ahead and actively pursuing new ESG-related opportunities across global markets.”
One of Pacific Life’s goals is a continued focus and commitment to the principles of ESG and impact investing. In April 2021, Pacific Life introduced a Sustainable Bond Framework. Two weeks after introducing the Framework, the Capital Markets Group announced the issuance of an $800 million sustainability bond, the largest FA-backed sustainable bond issuance in financial industry history.
To read the Sustainalytics report, visit https://www.pacificlife.com/home/investor-relations/sustainable-bonds.html.
To learn more about Pacific Life’s commitment to the FA-backed note industry, please visit www.PacificLife.com/ir.
About Pacific Life
For more than 150 years, Pacific Life has helped millions of individuals and families with their financial needs through a wide range of life insurance products, annuities, and mutual funds, and offers a variety of investment products and services to individuals, businesses, and pension plans. Whether your goal is to protect loved ones or grow your assets for retirement, Pacific Life offers innovative products and services that provide value and financial security for current and future generations. Pacific Life counts more than half of the 100 largest U.S. companies as its clients and has been named one of the 2022 World’s Most Ethical Companies® by the Ethisphere Institute. For additional company information, including current financial strength ratings, visit www.PacificLife.com.
Pacific Life refers to Pacific Life Insurance Company and its affiliates, including Pacific Life & Annuity Company. Client count as of June 2021 is compiled by Pacific Life using the 2021 FORTUNE 500® list.
2022 World’s Most Ethical Companies® is based on the Ethisphere Institute’s Ethics Quotient®. “World’s Most Ethical Companies” and “Ethisphere” names and marks are registered trademarks of Ethisphere LLC.
Pacific Life, its distributors, and respective representatives do not provide tax, accounting, or legal advice. Any taxpayer should seek advice based on the taxpayer's particular circumstances from an independent tax advisor or attorney.
Pacific Life is a product provider. It is not a fiduciary and therefore does not give advice or make recommendations regarding insurance or investment products.
Guarantees are subject to the claims-paying ability and financial strength of the issuing insurance company.
Insurance products are issued by Pacific Life Insurance Company in all states except New York and in New York by Pacific Life & Annuity Company. Product availability and features may vary by state. Each insurance company is solely responsible for the financial obligations accruing under the products it issues. Annuity products are not FDIC insured, may lose value, and are not guaranteed by any bank. Fixed annuity products issued by Pacific Life (Newport Beach, CA) are available through licensed, independent third parties.
Jesse Page
949-219-4575
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AUSTIN, Texas--(BUSINESS WIRE)--Creating standards for Industrial Power Supply Units (PSU) could save users in North America over $40.5 million in energy costs by 2024 and significantly speed up the transition to a more sustainable future. To encourage and promote standardization in the industry, CLEAResult, the leading energy efficiency consulting company, is expanding its 80 PLUS® certification program to include Industrial PSUs with a 115V certification.
As part of CLEAResult’s Testing and Certification practice, 80 PLUS certifications show users that products have undergone third-party testing and meet or exceed the program’s specified criteria. This allows manufacturers to validate a product’s reliability and attest to energy savings that differentiate it in the market.
80 PLUS created energy efficiency standards that transformed the desktop and server power supply industry, and it will do the same for Industrial PSUs. “We aim to raise awareness and product adoption in the Industrial PSU space,” Jason Boehlke, 80 PLUS Global Program Manager, explained, “each certification is designed to ensure consumer confidence and applaud emerging energy-efficient products that drive innovation amongst manufacturers.”
Nate Mandelko, Program Marketing Manager from Artesyn agreed, “We’ve worked with CLEAResult for several years and see the value that 80 PLUS certifications bring to our products. It adds a level of trust in efficacy that the whole industry can rely on.”
Industrial PSUs power fundamental infrastructure including commercial buildings, manufacturing, medical facilities, lighting controls for traffic signals and more. Their ubiquitous use makes it critical to establish clear energy efficiency standards and testing procedures for products to certify their reliability and energy savings claims.
The 80 PLUS certification for 115V Industrial PSUs further motivates manufacturers to focus on creating and delivering energy efficient products to the market. “We are ready to hit the ground running with our proven standard test methodology, technology and procedures to certify products in this space,” Boehlke said. “Our goal is to revolutionize the standards Industrial PSU manufacturers use for premium products. This will reduce industrial energy use as a whole like we’ve done successfully for desktop and data center products.”
For more details about 80 PLUS® certifications, please visit https://www.clearesult.com/80plus/.
About CLEAResult
CLEAResult is the largest provider of energy efficiency, energy transition and decarbonization solutions in North America. Since 2003, our mission has been to change the way people use energy. Today, our experts lead the transition to a sustainable, equitable, and carbon-neutral future for our communities and our planet.
Our hometown teams collaborate with a diverse network of local partners to deliver world-class technology and personalized services that make it easy for commercial and industrial businesses, governments, utilities and residential customers to reduce their energy use and carbon footprint.
CLEAResult is headquartered in Austin, Texas, and has over 2,400 employees in more than 60 cities across the U.S. and Canada. CLEAResult is a portfolio company of TPG’s global impact group, The Rise Fund.
Explore all our energy solutions at clearesult.com.
Follow us on: Facebook | LinkedIn | Twitter | Instagram
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Amber Tester
Director Corporate Communications
QC Solar to license Tigo Energy rapid shutdown (RSS) technology and purchase the Tigo RSS Transmitter.
CAMPBELL, Calif.--(BUSINESS WIRE)--Tigo Energy, Inc., the solar industry’s leading Flex MLPE (Module Level Power Electronics) supplier, today announced a commercial technology licensing agreement with QC Solar, a leading manufacturer of solar PV connectors and PV module junction box products headquartered in Suzhou, China. The licensing agreement enables QC Solar to use Tigo RSS technology in its products and leverage its compatibility with other Tigo components.
QC Solar will integrate Tigo RSS technology with its Smart Junction Box, providing core safety mechanisms to solar modules to mitigate hazards to solar installers and first responders. Customers of QC Solar who deploy its new Smart Junction Box will, in turn, be able to deploy the Tigo RSS Transmitter in compliance with rapid shutdown regulations and requirements.
“With module-level rapid shutdown technology from Tigo, we will ensure that our customers’ solar systems automatically reduce system voltage during critical events such as structure fires so that firefighters can confidently perform their work,” said Zhenggang Duan, General Manager at QC Solar. “We look forward to commercial production and marketing of our Rapid Shutdown Smart Junction Box with the Tigo technology we are licensing. This is an important step forward to protecting photovoltaic power plants worldwide.”
Tigo rapid shutdown technology allows system owners, firefighters, and first responders to work without encountering high-voltage DC electricity from solar components. The need for safe photovoltaic solar is internationally recognized, with rapid shutdown specifications like those pioneered in the U.S. recently adopted in the Philippines, Thailand, and Singapore, and numerous other countries actively evaluating similar regulations.
“This technology licensing agreement with QC Solar represents another indicator of the strength of the Tigo IP portfolio,” said Zvi Alon, chairman and CEO at Tigo Energy. “We are pleased to welcome QC Solar into the community of companies leveraging our rapid shutdown to make solar safe and look forward to serving our customers with technology products that offer broad compatibility with Tigo innovations.”
For more information about the Tigo RSS Transmitter, please visit https://www.tigoenergy.com/product/rss-transmitter.
About Tigo Energy
Tigo Energy, the worldwide leader in Flex MLPE (Module Level Power Electronics), designs innovative solar power conversion and storage products that provide customers more choice and flexibility. The Tigo TS4 platform increases solar production, decreases operating costs, and enhances safety. When combined with the Tigo Energy Intelligence (EI) platform, it delivers module, system, and fleet-level insights to maximize solar performance and minimize operating costs. The Tigo EI Residential Solar Solution, a flexible solar-plus-storage solution for home installations, rounds out the Company’s portfolio of solar energy technology. Tigo was founded in Silicon Valley in 2007 to accelerate the adoption of solar energy, and its global team supports customers whose systems reliably produce gigawatt hours of safe solar energy on seven continents. Find us online at www.tigoenergy.com.
About QC Solar
QC Solar is a High-Tech enterprise specializing in the R&D, manufacturing and sales of new energy intelligent protection and electrical connection solutions, whose products include solar PV Junction Box, solar PV Connector, PV Cable, Energy Storage Connector and Cable Harness. QC Solar has three manufacturing plants in China and Vietnam, providing innovative and high-quality photovoltaic and ESS connection solutions and products to the major solar photovoltaic module companies and photovoltaic installers.
Technica Communications
Christian Zdebel
(408) 806-9626 Ext. 2384
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