SEOUL, South Korea--(BUSINESS WIRE)--#BIBCProject--The largest blockchain business center in Northeast Asia will be established in Busan.
MEDIUM announced on February 21 that it entered into a memorandum of understanding (MOU) for investment in a scale of KRW 500 billion to build Busan International Blockchain Business Center (BIBC) with the Busan Metropolitan City and 15 companies including NHN, Brave Entertainment, and Daeyoung Chaevi.
BIBC will serve as a key propellant for the establishment of a blockchain industrial complex in Busan, a special blockchain zone.
According to the MOU, MEDIUM will support research, technology development, and investment for the blockchain industry development, and promote the creation of an ecosystem to activate the blockchain business of the participating companies.
The 15 companies participating in the BIBC establishment project with MEDIUM are NHN, Brave Entertainment, Daeyoung Chaevi, Pangsky, RET GAMES, GROWIN, DoobitnaraeSoft, DataLabs, Petdoc, Wein Technology, Landover, CRUDCM, and CODExBridge. Their main goals are to discover commerce and payment businesses, establish a digital content research center, study an electric vehicle charging platform for the future, and build a future mobility exhibition center based on blockchain technology.
The Busan Metropolitan City will provide systematic support, such as in terms of site development and building-related permits in order to help the participating companies settle down stably at an earlier phase of the project implementation, and thus produce substantial outcomes.
The city government anticipates that the BIBC and infrastructure of new businesses to come into Busan will produce local economic activation effects by revitalizing the local commercial districts and creating more than 30,000 jobs. In particular, through the introduction of blockchain solutions to the maritime and port, distribution, and logistics industry, technological advancement will be achieved for the diverse industry of Busan.
CEO Pan-jong Kim of MEDIUM, which handles the project management, said, “MEDIUM has proven its high-speed blockchain technological power by providing numerous products and services to private companies and public organizations over the years. This time, I am confident that MEDIUM will contribute significantly to activating Busan, a special blockchain zone. We will dedicate the utmost effort to developing Busan to stand at the center of not only Korea but also the world through blockchain technology innovation and commercialization.”
MEDIUM plans to relocate its head office from Seoul to Busan, and further solidify the base for the BIBC project.
A Busan Metropolitan City official said, “The establishment of the global blockchain business center in Busan will demonstrate that Busan is an ideal base that will play a role in the blockchain industry development. This is also an important project with which the city will produce substantial outcomes in terms of industrial activation and local economic advancement in Busan. We will provide full economic and political support so that Busan will develop into the largest blockchain hub in Northeast Asia.”
MEDIUM inc.
Young Woo. Lee
+82-2-391-2348
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Progressing Toward a Sustainable Future
PFÄFFIKON & SCHWYZ, Switzerland--(BUSINESS WIRE)--Oerlikon has published today its Sustainability Report 2021, outlining the progress and achievements of the company in environmental, social and governance topics.
“Sustainability is an inherent part of our strategy and technologies, which is reflected in our solutions for customers and in our own operations,” said Georg Stausberg, Chief Sustainability Officer and CEO of Oerlikon’s Polymer Processing Solutions Division. “On our journey toward our 2030 targets, I am very pleased that we have made excellent progress in our sustainability achievements, initiatives and processes in 2021, especially against the challenging COVID-19 pandemic backdrop.”
In 2021, Oerlikon demonstrated that it was well equipped to respond swiftly and effectively to the pandemic to ensure the safety, health and wellbeing of its employees, customers, vendors and communities, and with minimal disruption to its operations and business.
In Oerlikon’s approach to sustainable innovation, collaboration remains a hallmark as the company remains focused on extending tool life, reducing fuel consumption in cars and airplanes, improving textile machinery efficiency, increasing recycling of fibers and materials and pioneering future technologies. In the report, there are many case studies and examples of how Oerlikon continues to help customers with cost-effective and climate-friendly solutions and services to build their business in key markets.
“We will continue to engineer solutions that contribute to a more sustainable planet, and further work on our environmental, social and governance performance in our operations in pursuit of the 2030 targets we have set for ourselves,” added Georg Stausberg. “We recognize the need to implement improvements on an ongoing basis – that sustainability is not a sprint toward the finish line but a continuum on our journey to make Oerlikon a more sustainable and responsible company for all our stakeholders.”
Please find the online and PDF (download) version of the report on Oerlikon’s website: oerlikon.com/sustainabilityreport-2021
About Oerlikon
Oerlikon (SIX: OERL) is a global innovation powerhouse for surface engineering, polymer processing and additive manufacturing. The Group’s solutions and comprehensive services, together with its advanced materials, improve and maximize the performance, function, design and sustainability of its customers’ products and manufacturing processes in key industries. Pioneering technology for decades, everything Oerlikon invents and does is guided by its passion to support customers’ goals and foster a sustainable world. Headquartered in Pfäffikon, Switzerland, the Group operates its business in two Divisions – Surface Solutions and Polymer Processing Solutions. It has a global footprint of more than 11 800 employees at 207 locations in 38 countries and generated sales of CHF 2.65 billion in 2021.
Disclaimer
OC Oerlikon Corporation AG, Pfäffikon together with its affiliates, hereinafter referred to as “Oerlikon”, has made great efforts to include accurate and up-to-date information in this document. However, Oerlikon makes no representation or warranties, expressed or implied, as to the truth, accuracy or completeness of the information provided in this document. Neither Oerlikon nor any of its directors, officers, employees or advisors, nor any other person connected or otherwise associated with Oerlikon, shall have any liability whatsoever for loss howsoever arising, directly or indirectly, from any use of this document.
The contents of this document, including all statements made therein, are based on estimates, assumptions and other information currently available to the management of Oerlikon. This document contains certain statements related to the future business and financial performance or future events involving Oerlikon that may constitute forward-looking statements. The forward-looking statements contained herein could be substantially impacted by risks, influences and other factors, many of which are not foreseeable at present and/or are beyond Oerlikon’s control, so that the actual results, including Oerlikon’s financial results and operational results, may vary materially from and differ from those, expressly or implicitly, provided in the forward-looking statements, be they anticipated, expected or projected. Oerlikon does not give any assurance, representation or warranty, expressed or implied, that such forward-looking statements will be realized. Oerlikon is under no obligation to, and explicitly disclaims any obligation to, update or otherwise review its forward-looking statements, whether as a result of new information, future events or otherwise.
This document, including any and all information contained therein, is not intended as, and may not be construed as, an offer or solicitation by Oerlikon for the purchase or disposal of, trading or any transaction in any Oerlikon securities. Investors must not rely on this information for investment decisions and are solely responsible for forming their own investment decisions.
Sara Vermeulen-Anastasi
Head of Group Communications
Tel: +41 58 360 98 52
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www.oerlikon.com
Leng Wong
Head Group External Communications
Tel: +41 58 360 96 14
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www.oerlikon.com
LOS ANGELES--(BUSINESS WIRE)--Romeo Power, Inc. (“Romeo Power” or the “Company”) (NYSE: RMO), an energy technology leader delivering advanced electrification solutions for complex commercial vehicle applications, today announced that it has completed the first phase of the company’s move to its new state-of-the-art headquarters and manufacturing facility located in Cypress, California.
The new facility includes 191,000 square feet of industrial space which is still under construction to build out critical laboratory and testing areas, as well as to prepare the manufacturing floor for operations. While construction is ongoing elsewhere in the building, employees in the sales, finance, accounting, and legal departments are now working from the office space.
“A new era of Romeo Power’s growth has begun,” said Susan Brennan, Romeo’s Chief Executive Officer. “Over the next several months, we will bring hundreds of jobs to Orange County. We look forward to being an active member of the Orange County business community from our new location in Cypress.”
Production is scheduled to commence in the Cypress factory later in 2022 with the transition from Vernon to Cypress expected to be completed during the third quarter of 2022. In the meantime, Romeo continues all development and manufacturing activities in its existing factory in Vernon, California.
About Romeo Power, Inc.
Founded in 2016 and headquartered in Los Angeles, California, Romeo Power (NYSE: RMO) is an energy technology leader delivering advanced electrification solutions for complex commercial vehicle applications. The Company’s suite of advanced battery electric products, combined with its innovative battery management system, delivers the safety, performance, reliability and configurability its customers need to succeed. To keep up with everything Romeo Power, please follow the Company on social media @romeopowerinc or visit www.romeopower.com.
Forward Looking Statements
Certain statements in this press release may constitute “forward looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” “should,” “future,” “propose” and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements, including, without limitation, express or implied statements concerning Romeo Power’s ability to develop or sell new products, or to pursue customers in new product or geographic markets, Romeo Power’s expectations regarding its future financial performance, the demand for safe, effective, affordable and sustainable EV products, Romeo Power’s ability to produce and deliver such products on a commercial scale, and Romeo Power’s expectations that its customers will adhere to contracted purchase commitments on the currently expected timeframe are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside Romeo Power’s management’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, that may affect actual results or outcomes include: Romeo Power’s ability to execute on its plans to develop and market new products and the timing of these development programs; Romeo Power’s ability to increase the scale and capacity of its manufacturing processes; Romeo Power’s estimates of the size of the markets for its products; the rate and degree of market acceptance of Romeo Power’s products; the success of other competing technologies that may become available; Romeo Power’s ability to identify and integrate acquisitions; Romeo Power’s potential need for and ability to secure additional capital; the performance of Romeo Power’s products and customers; potential litigation involving Romeo Power; demand for battery cells and supply shortages; the potential effects of COVID-19; and general economic and market conditions impacting demand for Romeo Power’s products. You should carefully consider the foregoing factors and the other risks and uncertainties described in the Company’s filings with the SEC. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from those implied by our forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Romeo Power undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
For Investors:
Joe Caminiti or Ashley Gruenberg
Alpha IR Group
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312-445-2870
Commercial projects and international reach in the US, Europe, and Israel mark 2021 as Electreon’s breakthrough year
BEIT YANAI, Israel--(BUSINESS WIRE)--Electreon (TASE: ELWS.TA) (the “Company” or “Electreon”), the leading provider of in-road wireless electric vehicle (EV) charging technology for commercial, public service, and passenger vehicles, today reported financial results for the fourth quarter of 2021, as well as the Company’s outlook for the year ahead.
An open letter to Electreon shareholders from Oren Ezer, CEO
A world protected from extreme climate change is only possible with practical, scalable innovation. Electreon’s mission is and has always been to accelerate decarbonization by developing wireless electric vehicle (EV) charging technology, which in turn promotes the adoption of EVs. When Electreon was founded in 2013, the climate crisis was not yet at the forefront of global concern and EVs were rare. Fast forward nine years and we see a big shift in opinion and in reality. The world, along with Electreon’s technology, has matured.
We all understand that the world is moving towards an electric transportation revolution and needs more creative and environmental solutions to enable a rapid transition. The challenge is particularly great among commercial fleets. Our vision for charging vehicles anytime, anywhere, enabling ongoing operation, battery reduction and energy deployment around the clock, is becoming essential for all vehicle fleets around the world.
In 2021, interest in Electric Road Systems (ERS) grew, presenting new opportunities for Electreon. The Swedish Transport Authority (Trafikverket) released a 42 km (26 mile) ERS tender, and the Michigan Department of Transportation (MDOT) released a tender for 1.65 km (1 mile) of dynamic wireless charging. Germany launched an e-charge project funded by German Federal Highway Research Institute (BASt) and the French government announced a program to fund pilots for wireless charging roads. Throughout 2021, Electreon made great progress in its technological, manufacturing, and commercialization capacities, rapidly expanding to meet the growing demand for our technology.
2021 was a year of great achievements for Electreon. The company was selected as one of TIME’s Best Inventions of 2021, and we also announced the world's largest commercial wireless EV charging infrastructure deal for a fleet of 200 public e-buses.
An increasing number of governments and fleet operators are seeing the benefits of wireless charging road systems. The technology can be installed virtually anywhere, supporting EV fleet operations that were otherwise limited by plug-in charging solutions. For the first time, roads can offer not only the path to a destination but also the power to get there.
Wireless charging offers a solution to fundamental decarbonization challenges:
Our Charging-as-a-Service (CaaS) business model not only provides accessible charging options that can be customized to meet the needs of unique fleet vehicle operations, but it also covers up-front costs, enabling fleet operators to transition to electric more seamlessly.
We are very proud of the advancements Electreon has made in 2021 and the groundwork we have successfully laid for the next stages of our commercial projects and further technological advancements.
Fourth Quarter, 2021 Financial Results
In order to deliver on the Company’s current projects, its first large-scale commercial deal in Israel, and anticipated upcoming projects in EMENA, Electreon began scaling its R&D, raw material stocking, and manufacturing capacities:
2021 - Main Business Highlights
In October 2021, the Company announced its first fully-commercial deal with the Dan Bus Company (“Dan”) in Israel. The deal includes a large-scale commercial deployment of the Company’s wireless charging infrastructure at end-terminals for approximately 200 buses over a 5-year period:
Highlights of the Company’s growth initiatives in anticipation of upcoming short-term and long-term market opportunities across Israel, Europe, and North America:
As part of the pilot, the Company fully integrated the vehicle components of its system, which were developed in two different types of EVs: a Fiat 500 passenger car, produced by Stellantis, and a 12E-Way 12-meter electric bus, produced by IVECO. The integrations were carried out with full cooperation between the Company and both manufacturers.
The Company continued to achieve significant milestones in developing and commercializing its wireless charging technology:
The Company’s Financial Position
Line-item |
31 December |
|
2021 |
2020 |
|
ILS 000’s |
||
Cash and cash equivalents |
124,412 |
35,137 |
Deposits |
300 |
135,310 |
Accounts receivable and credit balances |
7,882 |
4,086 |
Assets in respect of contracts with customers (ST) |
7,548 |
- |
Pledged deposit |
76 |
45 |
Fixed assets, property, plant and equipment |
8,488 |
6,980 |
Long-term prepaid expenses |
29,138 |
510 |
Right of use assets |
1,487 |
437 |
Total assets |
179,331 |
182,505 |
Accounts payable, debit balances and suppliers |
11,989 |
12,030 |
Lease liabilities |
816 |
404 |
Total Liabilities |
12,805 |
12,434 |
Total Equity |
166,526 |
170,071 |
Operating Results
Line-item |
For the twelve months ended December 31 |
For the three months ended December 31 |
||||||
2021 |
2020 |
2021 |
2020 |
|||||
ILS 000’s |
||||||||
Research and development expenses |
43,616 |
|
35,183 |
|
13,220 |
|
14,879 |
|
Less R&D participation expenses |
(9,306 |
) |
(20,068 |
) |
(1,031 |
) |
(4,467 |
) |
Marketing, general and administrative expenses |
24,810 |
|
7,946 |
|
12,456 |
|
2,715 |
|
Operating Loss |
59,120 |
|
23,061 |
|
24,645 |
|
13,127 |
|
Financing expenses (income), net |
(1,574 |
) |
164 |
|
799 |
|
24 |
|
Loss for the period |
57,546 |
|
23,225 |
|
25,444 |
|
13,151 |
|
Differentials from translating financial reports for external operations |
(1,107 |
) |
272 |
|
(989 |
) |
369 |
|
Comprehensive loss |
56,439 |
|
23,497 |
|
24,455 |
|
13,520 |
|
Cash flow
Line-item |
For the twelve months ended December 31 |
For the three months ended December 31 |
||||||
2021 |
2020 |
2021 |
2020 |
|||||
ILS 000’s |
||||||||
Cash flows utilized for current operations |
(55,806 |
) |
(17,274 |
) |
(19,473 |
) |
(7,734 |
) |
Cash flows utilized for investment activities |
134,920 |
|
(138,407 |
) |
137,479 |
|
(136,875 |
) |
Cash flows from financing activities |
9,081 |
|
178,125 |
|
1,620 |
|
(23 |
) |
Increase (decrease) in cash and cash equivalents |
88,195 |
|
22,444 |
|
119,626 |
|
(144,632 |
) |
Disclaimer
The above are highlights of the Company’s fourth quarter report. This is not the Company’s full and binding quarterly report, which will be made available on the Company’s website.
About Electreon
Electreon is the leading provider of wireless charging solutions for electric vehicles (EVs), providing end-to-end charging infrastructure and services to meet the needs and efficiency demands of shared, public, and commercial fleet operators and consumers. The Company’s proprietary inductive technology charges EVs dynamically (while in motion) and statically (while stopped) in a quick and safe manner. This technology eliminates range anxiety, can operate as a shared charging platform, and lowers the total costs of EV ownership. It also reduces battery capacity needs, making it one of the most environmentally sustainable, scalable, and compelling EV charging solutions available today. Electreon works with municipalities and fleet operators on a Charging-as-a-Service (CaaS) platform that enables cost-effective electrification of public, commercial, and autonomous fleets, for smooth and continuous operation. For more information, visit electreon.com.
Public Relations
Janine Ward
On behalf of Electreon
313-536-7806
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GK Investor Relations
Ehud Helf
On behalf of Electreon
212 378 8040
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Issues Second Annual ESG Report: Accelerating Impact
NEW YORK--(BUSINESS WIRE)--Today, Marsh McLennan (NYSE: MMC), the world’s leading professional services firm in the areas of risk, strategy and people, announced its commitment to set and execute low-carbon transition strategies that chart a path to net-zero across its operations by 2050 and reduce its emissions by 50 percent by 2030. The company will also set an emission reduction target aligned with the Science Based Targets initiative’s criteria.
The commitment is detailed in the company’s 2021 Environmental, Social and Governance (ESG) report, Accelerating Impact, which was released today.
“We are proud to be part of the global movement to develop solutions needed to keep global temperature rise below 1.5°C and prepare for a warmer world,” said Dan Glaser, President and CEO, Marsh McLennan. “Just as we advise our clients on how to execute the profound transformations required, we are committing to chart our own path to net-zero at Marsh McLennan.”
In 2021, Marsh McLennan made measurable strides across every aspect of ESG. It became certified as a CarbonNeutral® company, established its Inclusion and Diversity Center of Excellence, and appointed its eighth director meeting the company’s diversity criteria to the Board in the last 10 years.
“The idea that companies must benefit all of their stakeholders – shareholders, colleagues, clients and the communities in which they operate – has long spurred Marsh McLennan’s actions in the areas we now refer to as ESG,” said Katherine Brennan, head of Marsh McLennan’s ESG Management Committee. “These stakeholders have come to expect transparency through ESG reporting, and it is our hope that through this report they gain a greater understanding of our impact.”
Marsh McLennan’s four businesses also made significant contributions to sustainable and inclusive development and societal resilience:
To read Marsh McLennan’s 2021 ESG report, please visit https://www.marshmclennan.com/about/esg-2021.html.
About Marsh McLennan
Marsh McLennan (NYSE: MMC) is the world’s leading professional services firm in the areas of risk, strategy and people. The Company’s 83,000 colleagues advise clients in 130 countries. With annual revenue of nearly $20 billion, Marsh McLennan helps clients navigate an increasingly dynamic and complex environment through four market-leading businesses. Marsh provides data-driven risk advisory services and insurance solutions to commercial and consumer clients. Guy Carpenter develops advanced risk, reinsurance and capital strategies that help clients grow profitably and pursue emerging opportunities. Mercer delivers advice and technology-driven solutions that help organizations redefine the world of work, reshape retirement and investment outcomes, and unlock health and wellbeing for a changing workforce. Oliver Wyman serves as a critical strategic, economic and brand advisor to private sector and governmental clients. For more information, visit marshmclennan.com, follow us on LinkedIn and Twitter or subscribe to BRINK.
Amelia Woltering
Marsh McLennan
+1 347 703 5358
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HOUSTON--(BUSINESS WIRE)--UTEX Industries, Inc. has been extending and enhancing the operation of critical equipment around the world by providing expertise and guidance in solving sealing challenges that are as unique as they are complex. Under the new leadership of CEO, Piotr Galitzine, UTEX is making changes for the better.
Galitzine stated, "We have a great company! We want to grow in the right direction with our core competencies to continue innovating sealing performance. We excel at making custom seals and well service packing.”
Recently UTEX sold a portion of their well service assets and are now undergoing a full rebranding, including the first logo change in over fifty years.
About UTEX
UTEX is a market-leading manufacturing business headquartered in Houston, Texas. UTEX operates multiple manufacturing, distribution, and technical sales facilities in the United States and abroad with approximately 650 employees. UTEX’s innovative and custom-engineered products support a diverse customer base, including oil and gas, industrial, mining, and water end markets.
Jennifer Lyons
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281.615.2223
NEWBURY PARK, Calif.--(BUSINESS WIRE)--Kolibri Global Energy Inc. (the “Company” or “KEI”) (TSX: KEI, OTCQB: KGEIF) is providing an update on the Barnes 7-3H well (98.07% working interest), in its Tishomingo field in Oklahoma.
The Barnes 7-3H well has averaged over 920 Barrels of oil equivalent per day “BOEPD” (730 Barrels of oil per day “BOPD”) for the last 14 days with current production of about 1,050 BOEPD (830 BOPD). The Company has achieved these results utilizing a controlled flowback on the well to optimize long-term production and recoveries.
Wolf Regener, President and CEO, commented. “We are beyond thrilled about the early performance of the Barnes 7-3H well as it is exceeding even our most optimistic forecasts. Since the production from the Barnes 7-3H is not hedged, the Company is generating netbacks of over $55 per BOE from the production assuming a $100/barrel oil price. To put the well performance in perspective, the 30 day proved forecast curve case initial production rate (IP30) utilized by our third-party engineering firm for our reserve report is 388 BOEPD or 37% of what the Barnes 7-3H is currently producing. The initial 30 day type curve utilized by the Company’s management assumes a 472 BOEPD IP30 rate, and the best well we have in the field had a 630 BOEPD IP30 rate.
“Since we are only halfway through the 30 day initial production time period, there can be no assurance as to what the Barnes 7-3H well’s 30-day initial rate or ultimate productivity will be. Based on the current performance, we anticipate that the well will end up with an IP30 rate that is much higher than the reserve report proved forecast case, well above our KEI type curve and has a good chance of being around the current 14 day average. The current production from this well has doubled our production in the field.
“We are in discussions with several subcontractors and anticipate beginning completion operations for the Barnes 8-4H sometime in the first three weeks of April.”
About Kolibri Global Energy Inc.
Kolibri Global Energy Inc. is an international energy company focused on finding and exploiting energy projects in oil, gas, and clean and sustainable energy. Through various subsidiaries, the Company owns and operates energy properties in the United States. The Company continues to utilize its technical and operational expertise to identify and acquire additional projects. The Company's shares are traded on the Toronto Stock Exchange under the stock symbol KEI and on the OTCQB under the stock symbol KGEIF.
Cautionary Statements
Readers should be aware that references to initial production rates and other short-term production rates are preliminary in nature and are not necessarily indicative of long-term performance or of ultimate recovery. Readers are referred to the full description of the results of the Company's December 31, 2021 independent reserves evaluation and other oil and gas information contained in its Form 51-101F1 Statement of Reserves Data and Other Oil and Gas Information for the year ended December 31, 2021, which the Company filed on SEDAR on March 8, 2022.
Caution Regarding Forward-Looking Information
Certain statements contained in this news release constitute "forward-looking information" as such term is used in applicable Canadian securities laws and “forward-looking statements” within the meaning of United States securities laws (collectively, “forward looking information”), including statements regarding the timing of and expected results from planned wells development, the anticipated IP30 rate and beginning completion operations for the Barnes 8-4H sometime in the first three weeks of April. Forward-looking information is based on plans and estimates of management and interpretations of data by the Company's technical team at the date the data is provided and is subject to several factors and assumptions of management, including that indications of early results are reasonably accurate predictors of the prospectiveness of the shale intervals, that required regulatory approvals will be available when required, that no unforeseen delays, unexpected geological or other effects, including flooding and extended interruptions due to inclement or hazardous weather conditions, equipment failures, permitting delays or labor or contract disputes are encountered, that the necessary labor and equipment will be obtained, that the development plans of the Company and its co-venturers will not change, that the offset operator’s operations will proceed as expected by management, that the demand for oil and gas will be sustained, that the price of oil will be sustained or increase, that the Company will continue to be able to access sufficient capital through financings, farm-ins or other participation arrangements to maintain its projects, and that global economic conditions will not deteriorate in a manner that has an adverse impact on the Company's business, its ability to advance its business strategy and the industry as a whole. Forward-looking information is subject to a variety of risks and uncertainties and other factors that could cause plans, estimates and actual results to vary materially from those projected in such forward-looking information. Factors that could cause the forward-looking information in this news release to change or to be inaccurate include, but are not limited to, the risk that any of the assumptions on which such forward looking information is based vary or prove to be invalid, including that the Company or its subsidiaries is not able for any reason to obtain and provide the information necessary to secure required approvals or that required regulatory approvals are otherwise not available when required, that unexpected geological results are encountered, that equipment failures, permitting delays, labor or contract disputes or shortages of equipment or labor are encountered, the risks associated with the oil and gas industry (e.g. operational risks in development, exploration and production; delays or changes in plans with respect to exploration and development projects or capital expenditures; the uncertainty of reserve and resource estimates and projections relating to production, costs and expenses, and health, safety and environmental risks, including flooding and extended interruptions due to inclement or hazardous weather conditions), the risk of commodity price and foreign exchange rate fluctuations, that the offset operator’s operations have unexpected adverse effects on the Company’s operations, that completion techniques require further optimization, that production rates do not match the Company’s assumptions, that very low or no production rates are achieved, that the price of oil will decline, that the Company is unable to access required capital, that occurrences such as those that are assumed will not occur, do in fact occur, and those conditions that are assumed will continue or improve, do not continue or improve, and the other risks and uncertainties applicable to exploration and development activities and the Company's business as set forth in the Company's management discussion and analysis and its annual information form, both of which are available for viewing under the Company's profile at www.sedar.com, any of which could result in delays, cessation in planned work or loss of one or more concessions and have an adverse effect on the Company and its financial condition. The Company undertakes no obligation to update these forward-looking statements, other than as required by applicable law.
For further information, contact:
Wolf E. Regener +1 (805) 484-3613
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Website: www.kolibrienergy.com
AUSTIN, Texas--(BUSINESS WIRE)--#EnergyEfficiency--CLEAResult is proud to be named the Official Energy Efficiency Partner of the Boston Red Sox. CLEAResult and the Red Sox will work together to realize the ambitious energy savings goals for Fenway Park.
"We’re thrilled to announce this partnership to support the Red Sox on their continued journey to champion energy efficiency in Boston and beyond," said Rich McBee, President and CEO for CLEAResult. "This commercial partnership builds upon community programs we implement across Massachusetts on behalf of our utility clients that helped people and businesses save over $43.5 million in energy costs in 2021 alone."
The Boston Red Sox have made substantial energy efficiency investments in Fenway Park, and partnering with CLEAResult offers a significant opportunity for the team to identify a more holistic, long-term approach to energy efficiency.
"For the past 20 years, we have heavily invested not only in additions and enhancements to Fenway Park, but in the continued repair, maintenance and augmentation of the building’s structure and infrastructure to ensure the ballpark is as efficient as it can be," said Red Sox Executive Vice President Troup Parkinson. "We’ve tackled many of the obvious areas and, through our partnership with CLEAResult, see a great opportunity to explore additional ways to look at our energy consumption that we may not have previously considered. We look forward to the working with them on this important initiative."
CLEAResult will collaborate with the Boston Red Sox to assess their energy needs and create a custom plan for achieving their reduction goals over the next three years using CLEAResult’s leading energy efficiency and energy transition solutions.
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.
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Amber Tester
Director Corporate Communications
PERKINSTON, Miss.--(BUSINESS WIRE)--#AccelerateMS--Dedicated to enhancing economic growth, Mississippi Gulf Coast Community College’s (MGCCC) George County Center launched a brand-new workforce development program with Enviva (NYSE: EVA), the world’s leading sustainable biomass producer with operations in the U.S. Southeast. The program will offer training to current and prospective Enviva employees.
On a mission to elevate workforce readiness and career training in Southern Mississippi, 30 Enviva associates attended their first training class at MGCCC’s George County Center on March 1, 2022. The 18-week program, supported by Enviva and facilitated by MGCCC, is designed to further enhance safety awareness and preparedness, strengthen practical on-the-job skills, and promote continuous improvement and training for workforce advancement.
“This is a great opportunity for the Lucedale community, and we look forward to a long-lasting partnership with Enviva at our George County Center,” said Dr. Mary S. Graham, MGCCC president. “Through this workforce training initiative, these students will be prepared for a career in their hometown with an outstanding company.”
Starting this March, Enviva associates at the renewable energy company’s brand-new Lucedale wood biomass production plant were offered paid time off to attend training classes twice a week at the MGCCC George County Center on topics related to their occupation, such as heat exchangers and transmitter operations, chain belt tension and alignment, air-operated valves (AOV), hydraulics and pneumatics, and preventative maintenance project training. At the end of the program, all participating associates will earn a certificate of completion.
“Achieving operational excellence at any plant requires more than a system of processes and standards,” said Clint Pearce, Enviva Lucedale Plant Manager. “It requires a culture of team back-up, a questioning attitude, and continuous learning where colleagues are motivated to seek greater knowledge about the systems, processes, and potential hazards in and around the workplace.”
In partnership with Accelerate MS, the state’s lead office for workforce development strategy and coordination, MGCCC will utilize Workforce Enhancement Training (WET) funds to support the customized, advanced technical training necessary to enhance employee productivity at Enviva.
“Successful workforce development happens when we build and nurture collaborative partnerships between Mississippi employers and community colleges, like MGCCC, that so ably serve our state,” said Ryan Miller, Executive Director of Accelerate Mississippi. “Employee centered investment is a hallmark of great companies and I’m appreciative that Enviva has shown such a strong commitment to its employees and to George County as a whole.”
To learn more about MGCCC’s Community Services & Workforce Training Programs, click here.
ABOUT MISSISSIPPI GULF COAST COMMUNITY COLLEGE (MGCCC)
Mississippi Gulf Coast Community College offers exceptional academic transfer programs and more than 50 career and technical programs at 10 locations in George, Harrison, Jackson and Stone counties. Named the Best Community College in Mississippi, MGCCC is the only community college in the tri-state area to be named to the nation’s list of Top 100 Associate Degree Producers in the large community college category. The college has been named the No. 1 Military Friendly School for the nation’s largest community colleges, a Military Friendly Spouse School and a Great College to Work For. For more information, visit mgccc.edu, or follow us on Facebook, Instagram, Twitter, and YouTube.
Becca Anderson
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Steve Fair
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SAN FRANCISCO--(BUSINESS WIRE)--With spring months upon us, many people will take advantage of the warmer weather to do work around their home that involves digging. Whether it’s planting a tree or shrub, gardening or landscaping, or repairing or replacing a fence that was damaged during winter months, customers should call 811 two business days before digging to avoid damaging underground utility lines. To help increase awareness of the importance of calling 811, April is National Safe Digging Month.
Underground utility lines can be shallow, sometimes only a few inches below the surface, due to erosion, previous digging projects, shifting or settling of the ground and uneven surfaces. And damaging an underground utility line is dangerous and can leave customers responsible for repair costs averaging $3,500 and up. Calling 811 is free and easy, and professional utility workers will respond within two business days to mark the location of underground utility lines for your project site.
“During spring and summer months, we see an increase in incidents where underground utility lines are damaged due to digging projects. Even if your digging project is small, calling 811 will help you dig safely and avoid expensive repair costs,” said PG&E Gas Operations Senior Vice President Joe Forline. “There is far too much risk with guessing where utility lines are located or how deep they may be. The safest play is to call 811 before you dig and a crew member will come out to mark where your lines are located.”
By the Numbers
Calling 811 is Fast and Free
PG&E safe digging tips
About PG&E
Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is a combined natural gas and electric utility serving more than 16 million people across 70,000 square miles in Northern and Central California. For more information, visit pge.com and pge.com/news.
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LONDON--(BUSINESS WIRE)--Developing Telecoms reported the view of Huawei Carrier Business Group CMO Dr Philip Song who corrected the five biggest misconceptions on green development at the Huawei Day0 event.
First, Song stressed that innovations in the ICT industry will not increase carbon emission levels but enable other sectors to “significantly” reduce their carbon footprints. In the next eight years, the ICT industry has the potential to reduce global emissions by 20%, which is 10 times the carbon emission emitted by the ICT industry itself. Song argued this will “decouple” economic growth from emission growth.
Second, in terms of reducing the emission caused throughout the whole lifecycle of network equipment, Song argued the focus should be on the use of equipment through innovative technologies.
What's more, ICT supply chains are greener than assumed. According to a GSMA report, the proportion of energy use by ICT supply chains will be 45% renewable by 2030. Song presented a three-layer architecture strategy to tackle this larger problem, involving the use of better technology in data centres, optical cables, and migrating users to 4G and 5G networks.
Besides, Song believes the overall network energy efficiency should be managed from a holistic and long-term perspective. Huawei proposed a jointly defined unified energy indicator system to drive energy flows in tandem with information flow, which will result in energy savings for an entire network, instead of a certain part.
Last, Song conceded there will be a small sacrifice in peak rates and some other indicators for vital sustainability targets, however it is negligible. Operators can for example shut down some operations at night when data traffic is low to save power, this will admittedly lower download speeds but only marginally and still yield a good service for consumers.
About Developing Telecoms
Developing Telecoms is the leading online news portal for telecoms in emerging markets, delivering telecommunications news and information for senior management and decision makers at network operators, governments and end users. Developing Telecoms receives 6.5 million yearly page views and gets over 1.2 million yearly unique users. Its weekly emerging markets newsletter has over 50,000 subscribers. Developing Telecoms publishes a range of special reports about telecoms in emerging markets spanning topics including 5G, IoT, Smart Cities and Last Mile Connectivity.
Media
Alec Barton
+44 7799 417751
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Suite of AI-powered Environmental, Health and Safety (EHS) Tools and Training Will Provide End-to-End Solutions
MCLEAN, Va.--(BUSINESS WIRE)--#AI--Global technology firm Digital Intelligence Systems, LLC (DISYS) today announced a partnership with ComplianceQuest, the leading provider of 100% cloud-native, AI-powered, Enterprise Clinical, Quality Health, Safety and Environmental Management solutions, to offer transformative Environmental Health and Safety (EHS) solutions for customers in the oil and gas industry.
Under the agreement, DISYS’ managed services division, D2M, will serve as the lead consultant and implementor. Through this solution, energy companies will benefit from the combined power of D2M’s outcome-driven Digital Transformation services with ComplianceQuest’s comprehensive AI-powered EHS suite to receive end-to end-implementation and support. Organizations will be able to automate and streamline safety management, ensure consistency in their processes and protocols, and simplify regulatory compliance.
“The combination of technology and services from DISYS and ComplianceQuest will help oil and gas companies achieve their targets for environmental responsibility, employee safety, and regulatory compliance,” said Naman Kher, D2M’s Director and Head of Digital Transformation. “Worker safety is incredibly important in this industry and leveraging the knowledge we’ve gained in our more than 20 years in this sector, combined with ComplianceQuest’s expertise, will help employers maximize the health and well-being of their employees through better training and automation.”
In addition to enabling clients to get to market faster with new projects, the DISYS-ComplianceQuest partnership offers energy companies other benefits, including a way to provide more transparency into their sustainability commitments and compliance with health and safety regulations.
“DISYS has a long history of supporting the oil & gas industry, including work on mission critical projects,” added Ashish Srivastava, Vice President of Energy Service & International Operations for DISYS. “Our partnership with ComplianceQuest extends the ability to work seamlessly together to provide exceptional environment and safety solutions and digital transformation for this specialized and highly regulated industry.”
“EHS teams in the oil and gas industry are faced with an overwhelming number of compliance demands. If anything slips through the cracks, there can often be serious consequences,” explained Eric Morris, Head of Products for ComplianceQuest. “Use of our software, combined with DISYS’ training and full services will help organizations to track tasks and activities, like regulatory deadlines and scheduled audits, and ensure workers know the processes necessary to meet the regulatory guidelines.”
About Digital Intelligence Systems, LLC (DISYS)
Digital Intelligence Systems, LLC (DISYS) is a global managed services and staffing firm with 45 offices worldwide. DISYS’ vision is to be a global business partner, delivering the highest quality and most consistent services at the best value to clients worldwide. For more information about DISYS, visit www.disys.com.
About D2M
For more than 25 years, D2M, as part of DISYS, has delivered measurable results for its enterprise and quasi-government clients by building custom implementations to meet clients’ individual IT needs. In conjunction with product innovators and thought leaders, D2M continues to surpass the boundaries of technology and objective-based innovation. D2M is headquartered in McLean, VA, with more than 45 offices worldwide. For more information about D2M, visit www.d2mservices.com.
About ComplianceQuest
Transform to a fully connected business with a next-generation AI-Powered Quality and Safety management platform, built on Salesforce. Our connected suite of solutions helps businesses of all sizes increase quality, safety and efficiency as they bring their products from concept to customer success. Our intelligent data-driven platform comes with best-in-class integrated processes to mitigate risks, protecting your employees, suppliers and brand reputation, and to increase innovation, compliance, profit and customer loyalty. ComplianceQuest is pre-validated and easy to implement, use, and maintain, allowing for streamlined communication and collaboration across the product value chain. Visit www.compliancequest.com.
MEDIA:
Sandra Schwartzman
RMR & Associates
(301) 230 - 0045 x 100
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The report celebrates company and employee efforts supporting the Wills Group’s renewed commitment to giving back – working together through two key initiatives – Ending Childhood Hunger and Enhancing Outdoor Spaces
LA PLATA, Md.--(BUSINESS WIRE)--The Wills Group released today its fifth annual community engagement report, reflecting its commitment to keep Lives in Motion. The report provides an overview of how the Wills Group and its family of businesses, including Dash In, Splash In ECO Car Wash, and SMO Motor Fuels, support the Wills Group’s commitment to give back in communities across the Mid-Atlantic region.
The report features the Wills Group’s efforts throughout its fiscal year 2021, which included continued support to local communities during the pandemic, with the Wills Group providing more than $1 million in assistance over the past two years.
“By giving back and strengthening our bond with the communities we serve, we also strengthen our businesses and our bond with our employees,” said Blackie Wills, President and Chief Operating Officer of the Wills Group. “Our commitment to community engagement is essential to retaining our exceptional employees and attracting people who share our values.”
Giving back has been a longstanding tradition of the Wills Group, which also celebrated its 95th anniversary this past year. Throughout the year, the Wills Group worked across its family of companies to build on the success of this commitment to community engagement. The Wills Group’s Community Engagement Program now includes a renewed focus on its people, working to ensure programming is deeply meaningful for all involved — neighbors, employees, and community partners.
"The pandemic has caused us to look at food delivery differently as well as we address so many gaps in serving those in need,” said Sandy Washington, Executive Director of LifeStyles of Maryland and Wills Group community partner. “The Wills Group’s support and compassion through its expanded Community Engagement Program allows us to meet the increasing needs of our community head-on.”
The Wills Group’s Community Engagement Program now also includes an expanded focus on its neighbors through its Ending Childhood Hunger initiative. Through this initiative, the Wills Group and its businesses work to ensure children and their families facing hunger get the food they need to learn, grow, and thrive. To expand this focus, the Wills Group partnered with Farming 4 Hunger to pilot a community garden at the College of Southern Maryland Prince Frederick campus. The garden produces an abundance of fresh food year-round and is available to students and their families through the college’s on-campus Hawks Feeder pantry.
The Wills Group also announced this past year a new initiative, Enhancing Outdoor Spaces, to support the neighborhoods in which its family of companies – Dash In and Splash In ECO Car Wash – operate. As part of this effort, the Wills Group works with community partners and members to reimagine outdoor spaces in their own neighborhoods. In October 2021, this informed the Wills Group’s $30,000 grant to help improve Tanglewood Park in Clinton, MD in partnership with the Prince George’s County Department of Parks and Recreation. The investment was a part of the grand opening of the all-new Dash In neighborhood store that opened next door to Tanglewood Park. The Enhancing Outdoor Spaces initiative also includes the Wills Group’s effort to lead a community initiative to revitalize Phoenix Run, a community gathering and recreational space located in La Plata, MD.
“I recently took part in a tree planting at the park my great-grandparents donated to the La Plata community more than 55 years ago,” added Wills. “We are all planting seeds, both literally and figuratively, to grow a better community.”
Other achievements celebrated in the Wills Group’s FY2021 community engagement report include:
The Wills Group also supported four food banks across the Mid-Atlantic region in 2021. This support resulted in the Capital Area Food Bank being able to provide 200,000 meals for families and stipends to support volunteers; Feed More distributing three tractor-trailer loads of mixed produce and 200,000 meals; the Food Bank of Delaware serving 373 additional children through its year-long backpack program; and the Maryland Food Bank providing 340,000 meals to support families experiencing food insecurity.
The full FY2021 community engagement report is available on the Wills Group’s website at willsgroup.com/community.
About the Wills Group, Inc.
Headquartered in La Plata, Maryland, the Wills Group has 277 retail locations across the Mid-Atlantic region, including Dash In, Splash In ECO Car Wash, and SMO Motor Fuels. A family-owned company since 1926 with expertise in convenience retailing, fuels marketing, and commercial real estate, the Wills Group prides itself on keeping customers, employees, and communities’ Lives in Motion. For more information about the Wills Group, visit willsgroup.com.
Rayma Alexander
The Wills Group
301-636-0251
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Jim Healy
Alluvus
202-332-6690
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DUBLIN--(BUSINESS WIRE)--The "US Yacht Charter Market (2022-2027) by Charter Type, Source, Size, Type of Contract, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.
The US Yacht Charter Market is estimated to be USD 3.12 Bn in 2022 and is expected to reach USD 4.2 Bn by 2027, growing at a CAGR of 6.11%.
The report provides a detailed analysis of the competitors in the market. It covers the financial performance analysis for the publicly listed companies in the market. The report also offers detailed information on the companies' recent development and competitive scenario.
Some of the companies covered in this report are Sunsail Limited, EDMISTON, Fraser Yachts Florida Inc., Yachtico Inc., MarineMax, Boatsetter, Northrop & Johnson, Super Yacht Logistics, Beneteau SA, Sunseeker International Ltd., CharterWorld LLP, Yachtcharter - Connection, etc.
The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score.
The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.
The report presents a detailed Ansoff matrix analysis for the US Yacht Charter Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company.
The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.
The analyst analyses US Yacht Charter Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.
Based on the SWOT analysis conducted on the industry and industry players, the analyst has devised suitable strategies for market growth.
Company Profiles
Key Topics Covered:
1 Report Description
1.1 Study Objectives
1.2 Market Definition
1.3 Currency
1.4 Years Considered
1.5 Language
1.6 Key Stakeholders
2 Research Methodology
2.1 Research Process
2.2 Data Collection and Validation
2.3 Market Size Estimation
2.4 Assumptions of the Study
2.5 Limitations of the Study
3 Executive Summary
3.1 Introduction
3.2 Market Size, Segmentation, and Outlook
4 Market Dynamics
4.1 Drivers
4.1.1 Rise In Number of Private Islands and Cruises
4.1.2 Rising Disposable Income
4.1.3 Shift Toward Alternative Sources of Energy
4.1.4 Rising Yacht Tourism and Remote Exploration
4.2 Restraints
4.2.1 Rise in Environmental Concerns
4.2.2 High Cost of Yacht Charter
4.3 Opportunities
4.3.1 Rising Customization and Personalization
4.3.2 Technological Upgrades in Yacht Infrastructure
4.4 Challenges
4.4.1 Lack of Skilled Labor
4.4.2 Natural Calamities
5 Market Analysis
5.1 Regulatory Scenario
5.2 Porter's Five Forces Analysis
5.3 Impact of COVID-19
5.4 Ansoff Matrix Analysis
6 US Yacht Charter Market, By Charter Type
6.1 Introduction
6.2 Bareboat
6.3 Cabin
6.4 Crewed
7 US Yacht Charter Market, By Source
7.1 Introduction
7.2 Sailing Yacht
7.3 Motorboat Yacht
7.4 Others
8 US Yacht Charter Market, By Size
8.1 Introduction
8.2 Up to 20 ft
8.3 20 to 50 ft
8.4 More than 50 ft
9 US Yacht Charter Market, By Type of Contract
9.1 Introduction
9.2 Bareboat Charter contract
9.3 Crew Charter Contract
10 Competitive Landscape
10.1 Competitive Quadrant
10.2 Market Share Analysis
10.3 Strategic Initiatives
10.3.1 M&A and Investments
10.3.2 Partnerships and Collaborations
10.3.3 Product Developments and Improvements
11 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/b2e1lk.
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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ST. MICHAEL, Barbados--(BUSINESS WIRE)--Emera (Caribbean) Incorporated (ECI) today announced the sale of its majority holdings in Dominica Electricity Services Limited (DOMLEC) to the Government of the Commonwealth of Dominica (GoCD). The transfer of majority ownership is effective immediately.
“With the government’s accelerated plan to bring geothermal energy to Dominica’s national electricity grid, we support their decision to purchase Emera’s 52 per cent interest in DOMLEC at this time,” said Rick Janega, Chief Operating Officer, Electric Utilities – Canada & Caribbean, at Emera Inc. “Emera and the GoCD share a commitment to decarbonization and believe that GoCD ownership as Dominica pursues their own natural geothermal resources will provide a clean energy future for the utility’s customers and employees.”
“With majority ownership of Dominica’s electric utility now in our hands, and with the abundance of local geothermal energy available to us, we have the ability to build a resilient energy sector that is more self-sufficient,” said the Honourable Minister Dr. Vince Henderson, Minister for Planning, Economic Development, Climate Resilience, Sustainable Development and Renewable Energy. “This transaction brings alignment between DOMLEC and the Government’s investments in renewable energy – in particular, geothermal – as part of the transition to renewable energy. Bringing locally-produced geothermal energy to the nation’s grid will ensure greater energy independence and, with the support of funding from the World Bank, we are committed to managing the long-term cost of energy for customers.”
ECI acquired its 52% holding of DOMLEC in 2013 and, in the ensuing nine years, supported and guided the utility’s local leadership team and enabled its customers to benefit from the Company’s provision of intercompany services in support of health and safety, information technology and insurance, as well as the sharing of its deep industry expertise and experience.
“Over the past nine years, ECI and Emera Inc., have been committed to DOMLEC and its employees, customers and to the island of Dominica, and we delivered on those commitments in, at times, extremely adverse circumstances,” continued Janega. “We’ve built strong, supportive and enduring relationships between the DOMLEC team and our other regional holdings that have enabled opportunities for professional growth and shared learning – we wish the DOMLEC team continued success as they work to meet the needs of customers across Dominica.”
Forward Looking Information
This news release contains forward‐looking information within the meaning of applicable securities laws. Undue reliance should not be placed on this forward‐looking information, which applies only as of the date hereof. By its nature, forward‐looking information requires ECI to make assumptions and is subject to inherent risks and uncertainties. These statements reflect ECI management’s current beliefs and are based on information currently available to ECI management. There is a risk that predictions, forecasts, conclusions and projections that constitute forward‐looking information will not prove to be accurate, that ECI’s assumptions may not be correct and that actual results may differ materially from such forward‐looking information.
About Emera (Caribbean) Inc. (ECI):
ECI, based in St. Michael, Barbados, is a subsidiary of Emera Inc. of Halifax, Nova Scotia, and the parent company of Grand Bahama Power Company and the Barbados Light & Power Company, and an investor in St. Lucia Electricity Services Ltd.
Media
Jackie Marshall-Clarke
1-246-836-4489
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Energy company urges customers to reach out to be connected to expanded bill-assistance and payment options
CHICAGO--(BUSINESS WIRE)--Recognizing that many Illinois families continue to face financial challenges brought on by both the pandemic and higher prices, ComEd reminds customers that finding help with paying electric bills could be a phone call or website away.
“As the provider of a critical service, we’re committed to monitoring the changing economic conditions that challenge some of our customers’ ability to pay their electric bills and enhancing our range of support options that will keep the lights on,” said Melissa Washington, ComEd's chief customer officer and senior vice president of customer operations. “But to help our customers, we need to hear from them. ComEd urges anyone who would like to learn about the assistance options available to get in touch with the ComEd care center or visit ComEd.com immediately – ComEd is ready to assist all our customers.”
ComEd representatives can help connect eligible customers to funding available through state and federal assistance programs, including the Low Income Home Energy Assistance Program (LIHEAP), which is available through May 31, 2022. To bolster this support, ComEd also offers assistance through its Supplemental Arrearage Reduction Program (SARP), which is available to ComEd residential customers who qualified to receive energy-assistance benefits from LIHEAP.
"We have seen an unprecedented increase in the number of individuals seeking help with making ends meet, due to both the pandemic and other world events,” said Harold Rice, president and chief executive officer of the Community and Economic Development Association of Cook County (CEDA). “That’s why we’re committed, more than ever, to leveraging our more than 55 years of operations, education and engagement with local residents, and partnering with organizations like ComEd, to provide high-quality services to families who need them most.”
Any customer experiencing difficulty with paying their electric bill is encouraged to call ComEd immediately at 1-800-334-7661 (1-800-EDISON-1), Monday through Friday from 7 a.m. to 7 p.m. to learn more on how to apply. Information on each of these options is available at ComEd.com/PaymentAssistance.
Enhanced payment options
In addition to financial-assistance options, ComEd also offers residential customers the following payment programs:
Recently, ComEd announced that eligible low-income residential customers will also no longer be assessed late-payment fees or deposits, and any deposits already provided to ComEd are being returned. Visit ComEd.com/Eligibility for eligibility guidelines and to apply.
Easier access to assistance and energy-saving options
To streamline access to financial-assistance options and programs that can help families and individuals manage their electric bills, ComEd recently launched the Smart Assistance Manager (SAM).
SAM is an online self-service tool that can match customers with the payment-assistance programs for which they may eligible – including deferred-payment arrangements and the Low Income Home Energy Assistance Program (LIHEAP) – then provides guidance and links to apply.
SAM also provides recommendations on energy-efficiency offerings that can save customers money and energy, including free home energy assessments and discounts on energy-saving products.
Support options are generated based on each customer’s household information, such as energy usage and billing history. Customers who create an online account with ComEd through the “My Account” tool can log in while using SAM to get even more personalized, targeted results. Customers interested in accessing this free tool can visit ComEd.com/SAM.
ComEd is a unit of Chicago-based Exelon Corporation (NASDAQ: EXC), a Fortune 200 energy company with approximately 10 million electricity and natural gas customers – the largest number of customers in the U.S. ComEd powers the lives of more than 4 million customers across northern Illinois, or 70 percent of the state’s population. For more information visit ComEd.com and connect with the company on Facebook, Twitter, Instagram and YouTube .
ComEd Media Relations
312-394-3500
CRANBERRY TOWNSHIP, Pa.--(BUSINESS WIRE)--As a part of its celebration of Women’s History Month, Westinghouse Electric Company has joined the Equal by 30 campaign. Along with nearly 150 public and private sector organizations globally, Westinghouse affirms its commitment to take action toward achieving equal pay, equal leadership, and equal opportunities for women in the clean energy sector.
“Westinghouse is committed to advancing a diverse, equitable and inclusive organization for all,” says Evonne Bennett Brown, Chief Diversity and Inclusion Officer. “Successfully transitioning to a low-carbon future will depend on our ability to harness all possible talent and retain a diverse pool capable of bringing fresh perspectives, and we are dedicated to making progress toward gender equality within the organization.”
Through this pledge, Westinghouse is committed to increasing the percentage of women in leadership roles to 30 percent by 2030. Across the global nuclear industry, women currently represent less than 25 percent of the total workforce.
Launched in May 2018 at the Clean Energy Ministerial (CEM) in Copenhagen, Equal by 30 operates under the banner of the Clean Energy Education and Empowerment (C3E) Initiative.
Westinghouse Electric Company is shaping the future of carbon-free energy by providing safe, innovative nuclear technologies to utilities globally. Westinghouse supplied the world’s first commercial pressurized water reactor in 1957 and the company’s technology is the basis for nearly one-half of the world's operating nuclear plants. For over 130 years, innovation makes Westinghouse is the preferred partner for technologies covering the complete nuclear energy life cycle. For more information, visit www.westinghousenuclear.com and follow us on Facebook, LinkedIn and Twitter.
Cathy Mann
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The latest approval expands the footprint of the Miami-based green paper products developer now poised for global expansion
MIAMI--(BUSINESS WIRE)--J&J Green Paper has received U.S. Patent and Trademark Office approval for its cutting-edge green paper solution in the United States. This latest development is another milestone for the Miami-based company poised to make its innovation, JANUS, available to global paper industry giants currently producing 420 million metric tons of paper products every year.
JANUS, developed by J&J, is an all-natural moisture-proof coating used for paper and paper packaging. “This organic, recyclable, compostable, repulpable technology directly replaces polyethylene glycol (PEG) currently used in traditional paper products”, says Scott Segal, CEO of J&J. PEG upon decomposition is a known contributor to greenhouse gases.
"JANUS is the Holy Grail," says Segal. "We have the only product today that is a third of the cost of polyethylene glycol (PEG), uses less energy to produce and has diverse applications. JANUS is the best-kept secret that needs to be told."
J&J is currently in discussions with some of the biggest makers of paper products in the retail, food and beverage industries. With significant pressure to reduce the footprint of polyethylene and plastic to combat global warming and reduce environmental hazards, Segal sees the need to assemble an eco-system to initiate the massive, global distribution of this transformative eco-friendly material.
Recently, the company announced a partnership with CERAX PTY Ltd., which has a manufacturing facility in South Africa and will help with mass production. J&J had already initiated limited production in facilities in China, Brazil and Miami, but even with these arrangements, the company cannot manufacture enough product to satisfy global demand.
According to the JJGP leadership team, it would take too much time and money to set-up new facilities to fulfill orders from any of the large global companies that rely on paper products to get their goods in the hands of customers.
"We've met the criteria, obtained all certifications and are now poised for a joint venture, a scaling plan, or even a buyout to get our product where it’s needed most. We know J&J has a unique solution for one of the world's biggest environmental problems," says Segal. “And we are doing all that we can to continue to clear as many hurdles as possible to market and consumer acceptance.”
The process has been a laborious one for Segal who discovered the compostable properties of JANUS six years ago, in his kitchen. Understanding the environmental and economic implications, J&J spear-headed the arduous testing of the product, the rigorous certification process and developed a strategic, vertical business model that highlights a quick ROI with very little capitalization needed.
"Janus is a classic market disruptor," says Rick Bulman, of Bailey Duquette, legal advisor to the company. "Everyone in the paper industry is aware of the need for change due to the practical impact of plastic waste, new environmental laws and social awareness. There really is no choice but to find alternate solutions to traditional paper products. JJGP has created an ideal solution for those paper companies wanting to profitably do well by doing good.”
The challenge is getting a seat at the table, not only with the paper mills, but their customers in the food and beverage industries. Close to 60 billion coffee cups end up in landfills every year due to the plastic coating that still exists in the typical disposable cup.
"This is the beauty of J&J. If a JANUS coated cup does end up in a landfill, it will disintegrate without a toxic footprint because it's truly sustainable and environmentally stable, " says Horacio Sbrolla, SVP International Operations with J&J Green Paper. "It's time to wake up the industry and urge them to make the change, and we are giving the paper mills and their customers the entire solution."
This is a classic 'David and Goliath' situation for Segal, who has an evident passion for moving his innovation forward and to the finish line. "So far, we've done things big companies couldn’t do," says Segal. "But the way we solve this global problem going forward is to align ourselves with forward-thinking partners and to work together."
Known for his persistence, Segal has made it clear, he won't stop until he finds that deal. "When you have the answer to a problem that everyone needs to solve, making it happen is the only acceptable outcome.”
Yusila Ramirez, This email address is being protected from spambots. You need JavaScript enabled to view it., +1 786.547.0779
The agreement to source renewable energy through the Blue Sky Solar Project will create local jobs and bring additional clean electricity to the U.S. power grid.
PHILADELPHIA--(BUSINESS WIRE)--Comcast today announced an agreement to purchase 250 megawatts (MW) of solar electricity from Constellation that will power approximately 12 percent of its U.S. operations and the vast majority of its Mid-Atlantic operations with clean, renewable energy.
The agreement will support construction of the Blue Sky Solar Project, currently being developed by Scout Clean Energy in Illinois, creating local jobs and bringing additional clean electricity to the U.S. power grid.
“Sourcing clean, renewable energy is the top priority for meeting our goal to be carbon neutral by 2035,” said Peter Kiriacoulacos, Executive Vice President and Chief Procurement Officer at Comcast. “This marks the first of many major green investments that are already underway or on the immediate horizon which demonstrate our commitment to sustainable, responsible business.”
Comcast is committed to being carbon neutral by 2035 for Scope 1 and 2 emissions, or the direct and indirect emissions it owns and controls, across its global operations. With purchased electricity accounting for the majority of these emissions, sourcing renewable energy is critical to meeting this goal.
Comcast’s renewable energy strategy will prioritize securing green tariffs, direct power purchase agreements (PPAs), and virtual PPAs through contracts that bring new renewable capacity to the grid. It will also include building onsite renewable energy capacity and supplementing electricity needs with purchases from existing clean energy projects or renewable energy certificates (RECs).
“We commend Comcast on its carbon neutral commitment and are pleased that our offsite renewable solution will serve as a significant steppingstone toward achieving that goal,” said Jim McHugh, Chief Commercial Officer, Constellation. “As our nation transitions to a clean energy future, Constellation is dedicated to offering the products, services and expertise that help our customers strategically manage their energy use and reduce their carbon footprints.”
Project highlights:
“We are pleased to work with Comcast and Constellation to deliver carbon-free solar energy and invest $400 million into the local community, creating new sustained jobs and tax revenue for local schools,” Michael Rucker, founder and CEO of Scout Clean Energy. “Comcast’s commitment made this possible.”
For more information on Comcast’s environmental efforts, visit the environment page on Comcast’s corporate website.
About Comcast Corporation
Comcast Corporation (Nasdaq: CMCSA) is a global media and technology company that connects people to moments that matter. We are principally focused on broadband, aggregation, and streaming with 57 million customer relationships across the United States and Europe. We deliver broadband, wireless, and video through our Xfinity, Comcast Business, and Sky brands; create, distribute, and stream leading entertainment, sports, and news through Universal Filmed Entertainment Group, Universal Studio Group, Sky Studios, the NBC and Telemundo broadcast networks, multiple cable networks, Peacock, NBCUniversal News Group, NBC Sports, Sky News, and Sky Sports; and provide memorable experiences at Universal Parks and Resorts in the United States and Asia. Visit www.comcastcorporation.com for more information.
About Constellation
Constellation is the nation’s largest producer of carbon-free energy and the leading competitive retail supplier of power and energy products and services for homes and businesses across the United States. Headquartered in Baltimore, its generation fleet powers more than 20 million homes and businesses and is helping to accelerate the nation’s transition to clean energy with more than 32,400 megawatts of capacity and annual output that is 90 percent carbon-free. Constellation has set a goal to eliminate 100 percent of its greenhouse gas emissions by 2040 by leveraging innovative technology and enhancing its diverse mix of hydro, wind and solar resources paired with the nation’s largest carbon-free nuclear fleet. Constellation’s family of retail businesses serves approximately 2 million residential, public sector and business customers, including three-fourths of the Fortune 100. Visit ConstellationEnergy.com or follow Constellation on Twitter at @ConstellationEG.
About Scout Clean Energy
Scout Clean Energy (https://scoutcleanenergy.com/) is a renewable energy developer, owner-operator headquartered in Boulder, Colorado with over 1,200 MW of operating assets. Scout is actively developing a portfolio of over 12,000 MW of onshore wind, solar PV, and battery storage projects across 21 US states. Scout has expertise in all aspects of renewables project development, permitting, power marketing, finance, construction, 24/7 operations, and asset management. Scout is a portfolio company of Quinbrook Infrastructure Partners.
Forward-Looking Statements
This press release includes estimates, projections and statements regarding plans and goals that may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “potential,” “strategy,” “future,” “opportunity,” “commit,” “plan,” “may,” “should,” “could,” “will,” “would,” “will be,” “will continue,” “will likely result” and similar expressions. Forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties that may cause actual results to differ materially. In evaluating these statements, you should consider various factors, including the risks and uncertainties we describe in the “Risk Factors” sections of our Forms 10-K and 10-Q and other reports we file with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date they are made. We undertake no obligation to update or revise publicly any forward-looking statements, whether because of new information, future events or otherwise.
Chandler Clay
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215-779-4690
CLEVELAND--(BUSINESS WIRE)--Atwell, LLC is pleased to announce that Courtney Schmidt has joined the firm as Director, Power and Energy. Based in Atwell’s Independence office, she will support the company’s power and energy group by leading business development efforts and client relationships, managing projects, guiding her team’s deliverables, providing quality control, and maintaining budgets and schedules for projects throughout the region.
With a wealth of experience, including experience in creating profitable, business-changing growth strategies, Schmidt has been instrumental in startup initiatives. She has designed inaugural strategy; guided growth; communicated mission, created and motivated teams, as well as translated technology potential into effective business value to close the gap between vision and reality.
Schmidt specializes in the development of business in new markets and expanding core services to meet the market’s evolving needs. She monitors industry trends and initiatives while recognizing how they affect strategy and growth potential. She identifies synergies, reflects on policy technology and economic forces affecting the market, and collaborates with clients on how to best anticipate and address their needs. Schmidt joins Atwell from a wireless technology consulting company, where she spent more than 22 years. Over her tenure there, Courtney led corporate operations throughout the country. Schmidt earned a Juris Doctorate from Cleveland State University, Cleveland-Marshall College of Law, and a bachelor’s degree in Economics from Wittenberg University.
“Courtney’s decades of experience with navigating transition and growth will be a valuable asset as Atwell continues to expand its power and energy group nationwide,” said Atwell Vice President Matt Bissett. “We look forward to seeing her further develop our staff and provide our customers with innovative solutions.”
Atwell, LLC is a national consulting, engineering, and construction services firm with technical professionals located across the country. Creating innovative solutions for clients in industries such as real estate and land development, power and energy, and oil and gas, Atwell provides comprehensive turnkey services including land and right-of-way support, planning, landscape architecture, engineering, land surveying, environmental compliance and permitting, and project and program management.
Timothy Augustine, Senior Vice President
ATWELL, LLC
248.447.2005
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