BOSTON--(BUSINESS WIRE)--At ARC Forum Orlando, Schneider Electric, the leader in the digital transformation of energy management and automation, today announced a collaboration with Intel to extend EcoStruxure™ Automation Expert by creating a Distributed Control Node (DCN) software framework complimented by an associated Intel processor-based DCN hardware offering.
By combining the performance, security and deployment capabilities of Intel Edge Controls for Industrial (ECI) technology with EcoStruxure™ Automation Expert, the DCN framework can simplify and speed the development of software defined control systems. Additionally, the DCN will enable EcoStruxure Automation Expert – the world’s first software-centric automation system – to scale faster and further in process industries, including energy and chemicals, mining, water/wastewater, pharmaceuticals and hybrid markets.
This DCN development will be based on Universal Automation (UniversalAutomation.org), an organization that manages the implementation of a shared source runtime based on the IEC61499 standard. EcoStruxure Automation Expert represents the first of a new era of automation software based on this shared runtime.
Advances in machine learning, real-time analytics and the Industrial Internet of Things (IIoT) hold massive promise for industrial enterprises and manufacturers. However, the industry has suffered from the lack of a future-proof solution that can be easily upgraded to keep systems running at optimal performance.
A fundament feature of EcoStruxure Automation Expert is the ability to decouple software from hardware. This allows hardware to be upgraded as required to improve system performance while the application remains the same, thereby protecting the customers intellectual property and investments. The joint effort between Schneider Electric and Intel illustrates the industry’s transition from fixed-function hardware to software-defined, flexible, plug and produce solutions that deliver customers greater operational effectiveness.
“This is the direction for process automation,” said Natalie Marcotte, SVP and President, Process Automation, Schneider Electric. “To fully realize the potential of next-generation industries, we must embrace a collaborative way of thinking. This collaboration with Intel greatly enhances the capabilities of EcoStruxure Automation Expert, enabling the platform to scale faster and further. To create a new wave of innovation, we must work with all parties to create a more modular software-defined industry.”
“Software-defined systems that bring together the worlds of OT and IT are the future of process automation. The ability to mix and match leading software and hardware will allow customers to innovate quickly while still enjoying the operation performance they demand,” said Christine Boles, VP, Network & Edge Group, General Manager, Industrial Solutions Division, Intel Corporation. “Working with Schneider Electric in such a collaborative way, utilizing Intel’s industrial specific processors and software, allows us to move quickly to develop and deliver new solutions that bring together innovative technologies that help customers achieve the benefits of Industry 4.0.”
Initial results of this joint DCN framework development will be shared at this fall’s Schneider Electric Innovation Summit – Las Vegas (October 12-13).
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DUBLIN--(BUSINESS WIRE)--The "Diesel Exhaust Fluid Market by Component (SCR Catalysts, DEF Tanks, Injectors, Supply Modules, Sensors), OHV Market by Application, Aftermarket by Vehicle Type, Supply Mode (Cans, IBCs, Bulk & Pumps), End Use Market and Region - Global Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.
The global diesel exhaust fluid aftermarket forecasted to reach USD 50.0 billion by 2027 from USD 34.4 billion in 2020, at a CAGR of 7.8%.
Companies Mentioned
Governments around the globe have updated and improved their emission standards by introducing new legislation for the automotive industry to comply to. Western regions, such as the North American and European region, have introduced new regulations like the Clear Air Act of the Us which has stricter standards and wider scope for emissions. In the Asian region countries like China and India have introduced swift regulation to counter rising air pollution. The introduction of such regulations, norms and standards will drive the demand for DEF across the globe.
The DEF pump segment is expected to be the fastest-growing segment throughout the forecast period
The diesel exhaust fluid aftermarket for pumps is projected to grow from USD 7,373.3 million in 2022 to USD 11,979.1 million by 2027, at a CAGR of 10.2% during the forecast period. Compared to conventional cans and bottles supply mode the DEF pumps supply mode is cheaper but expensive than the Bulk supply mode due to the economic behind the economies of scale. Customers choose to go for DEF dispensing units for its convenience in DEF refilling. This has caused oil marketing companies (OMCs) to install such dispensing units at their fuel stations to increase customer convenience. FMT Swiss Ag, a leading supplier of specialty fluid storage and dispensing solutions, in 2017, launched a range of diesel exhaust fluid (DEF) dispensing unit product for its North American market.
Globally, the HCV segment is estimated to lead the diesel exhaust fluid OE market in 2022
Globally, the HCVs segment is estimated to lead the diesel exhaust fluid OE market, by volume. It is anticipated to grow from 33.2 million gallons in 2022 to 36.5 million gallons by 2027, at a CAGR of 1.9% during the forecast period. Demand from developed and developing economies globally has increased for the HCV vehicle segment due to either better product offering or increased economic activities. Businesses need to comply with the regulations and norms of the country where they operate. Complying with regulations will cause an increased demand of DEF products.
North America is projected to be the largest regional market
The North American diesel exhaust fluid aftermarket is estimated to grow from USD 15,006.6 million in 2022 to USD 22,067.4 million by 2027, at a CAGR of 8.0% during the forecast period. The US and Canada have a large number of on-road vehicles and stringent emission norms, such as the Clean Air Act (CAA) in the US. Increasing economic activity and improving business environment in the Mexico has led to high demand for diesel intensive vehicles and equipment. Compliance with emission regulations will drive the demand for DEF in the country. Canada follows similar demand and regulation pattern as the US hence it is also likely to follow similar demand trend of DEF.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.2 Restraints
5.2.3 Opportunities
5.2.4 Challenges
5.3 Porter's Five Forces Analysis
5.5 Diesel Exhaust Fluid Market Scenario
5.6 Supply Chain Analysis
5.7 Asp Analysis
5.8 Regulatory Analysis (V5 Mandates)
5.9 Trade Analysis
5.10 Market Ecosystem
6 Diesel Exhaust Fluid Market, by Vehicle Type
7 Diesel Exhaust Fluid Market, by Component
8 Diesel Exhaust Fluid Market, by Supply Mode
9 Diesel Exhaust Fluid Market, by Application
10 Diesel Exhaust Fluid Market, by End Use Market
11 Diesel Exhaust Fluid, by Region
12 Competitive Landscape
13 Company Profiles
14 Other Company Profiles
15 Recommendations
16 Appendix
For more information about this report visit https://www.researchandmarkets.com/r/31s2gu
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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The company’s non-printed lithium metal anode battery will go to market in 4Q2022
SAN JOSE, Calif.--(BUSINESS WIRE)--Sakuu Corporation (https://www.sakuu.com/), developer of the world’s first rapid printed battery, today announces that its first-generation non-printed lithium metal battery has achieved continuous 3C discharge rate under extensive testing. This result comes after Sakuu’s recent announcement that its lithium-metal battery cells registered a consistent baseline benchmark energy-density of 800Wh/L—placing it at the forefront of today’s leading commercially available lithium-ion batteries found in top-selling electric vehicles and other mass energy storage applications.
Sakuu’s new lithium metal anode battery will be shipped to Sakuu’s customers starting in 4Q2022. This milestone represents the culmination of extensive testing and validation by Sakuu and its customers across energy density, cycle life, safety, temperature requirements—and now discharge rates. This first-generation Sakuu battery is ideally suited for its e-mobility motor and e-bike customers and other industry product applications that prioritize its non-flammable and safe cell characteristics coupled with leading energy density.
“The performance achievements of our first market-ready battery are a testament to our team’s commitment to introducing a diverse line of state-of-the-art energy storage solutions across industries,” said Robert Bagheri, Founder and CEO of Sakuu. “As far as our solid-state battery development, we are preparing to unveil a new category of rapid printed batteries manufactured at-scale using our additive manufacturing platform. The sustainability and supply chain implications of this pioneering development will be transformational.”
In the ongoing development of the world’s first printed solid-state battery, sample cell deliveries are anticipated to ship to clients in 2023. The introduction of an entirely new battery category, rapid printed cells, will be made from Sakuu’s Kavian™ platform. Rapid printed batteries developed by Sakuu will allow for the total reinvention of battery manufacturing. Sakuu’s Kavian™ platform will enable customizable, mass-scale, and cost-effective manufacturing of solid-state batteries–benefits that solve foundational challenges confronting battery manufacturers today.
About Sakuu
Headquartered in San Jose, California, USA, Sakuu is reinventing large-scale, sustainable battery technology and manufacturing. Sakuu’s breakthrough rapid printed cells deliver best-in-class performance and safety in a recyclable format. Proprietary solid-state electrolyte and porous anode technology provide superior energy densities for maximum range and faster charge times. Sakuu’s solid-state batteries will be produced entirely using Sakuu’s Kavian™ platform in custom or large factory settings, enabling rapid, 3D-printed, high-volume, low-cost, and sustainable production of Sakuu’s solid-state batteries– engineered to meet mass-market demand. Beyond energy, Sakuu’s Kavian™ 3D printing platform invites transformative active device manufacturing innovation in a host of other sectors, including aerospace and automotive, consumer electronics, IoT and medical.
To learn more about Sakuu, please visit www.sakuu.com
Pal Hollywood
Sterling Communications
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WASHINGTON & CHICAGO--(BUSINESS WIRE)--Nodal Exchange and IncubEx announced today the planned launch of new environmental products including several first-of-their-kind futures contracts in renewable energy credits, renewable natural gas certificates (renewable thermal certificates) and voluntary carbon offsets. The new Nodal Exchange products further expand the world's largest exchange listed suite of environmental products.
This new set of physically delivered environmental products developed in collaboration with IncubEx will be listed on Nodal Exchange on June 17, 2022, pending regulatory review, and includes:
Renewable Energy Certificates
The WREGIS REC contracts represent renewable wind energy produced from Western Electricity Coordinating Council (WECC) registered facilities listed with the CRS in connection with the administration of its Green-e® certification programs. WREGIS is an independent REC tracking system that covers the Western Interconnection territory.
Voluntary RECs, like the new contracts, which are also referred to as hybrid voluntary/compliance RECs, are often used by companies looking to secure renewable energy such as wind or solar power for their operations and meet corporate sustainability objectives.
By adding WREGIS contracts, Nodal will now list voluntary REC contracts, including: Texas Compliance Wind and Texas Compliance Solar RECs from CRS Listed Facilities, Midwest Renewable Energy Tracking System (M-RETS®) RECs from CRS Listed Wind Energy Facilities and NAR Registered Renewable Energy Certificates from CRS Listed Wind and Solar Energy Facilities. To date, Nodal Clear holds more than 36,500 contracts of open interest in Texas CRS, NAR and M-RETS® contracts, representing 36.5 million MWh of renewable energy, or equivalent power for 3.3 million homes for a year.
Also, Nodal is listing the first-of-its-kind NEPOOL Quad Qualified REC Futures, which delivers RECs qualified across Massachusetts Class 1, Connecticut Class 1, New Hampshire Class 1 and Rhode Island New energy resources.
The new product complements the NEPOOL Dual Qualified Class 1 REC futures, as well as other NEPOOL REC contracts on Nodal.
Renewable Natural Gas Certificates
The Renewable Natural Gas Certificate Futures are the first-ever exchange listed futures contracts in the renewable natural gas complex. These contracts deliver Renewable Thermal Certificates (RTCs) issued by the M-RETS® for qualifying renewable natural gas (RNG) or biomethane injection into a distribution or interstate natural gas pipeline in the United States. RTCs, similar in nature to RECs, are from RNG produced from landfills, animal manure and wastewater facilities and must complete a carbon intensity (CI) evaluation and achieve a score of 40 CI or less to be deliverable into the contract.
Corporates, utilities and other energy providers looking to cover direct carbon emissions from owned or controlled sources of natural gas (or other greenhouse gas footprint resulting from natural gas) can transact in RTC futures to demonstrate ownership of renewable natural gas used in their operations.
Voluntary Carbon Offset Futures & Options
The new Voluntary Carbon Offset contracts cover a range of offset standards and project types. The product group includes: Voluntary Emission Reduction (VER) CORSIA-eligible Futures and Options; Verified Emission Reduction Nature-based (Base and Vintage) Futures and Options; Global Emission Reduction (GER) Futures contracts – which is launched in cooperation with NetZero Markets – and Carbon Removal Futures.
In simple terms, VER contracts enable organizations to offset their own carbon emissions or that of the products they sell, which cannot be further directly reduced, thus financing associated greenhouse gas reduction projects. The GER Future is an innovative concept covering the Voluntary Carbon Market in a basket of contracts and underlying projects. Carbon removal credits put a price on technical or nature-based projects which directly remove CO2 from the atmosphere.
Certified Emission Reduction Futures
The CER contracts are not currently listed on any other exchange and are novel in their updated vintage definitions, modified from prior CER listed contracts to help align with CORSIA eligible emission units and the Paris Agreement's Article 6, which establishes a United Nations mechanism to trade credits from emissions reductions from specific projects.
CERs are the largest supply of global offsets, vetted to international standards, and serve a number of use cases, including Kyoto, Paris, CORSIA and voluntary offsetting obligations.
"The growth story and expanding range of environmental markets are reflected in this upcoming product launch on Nodal," said Dan Scarbrough, President and COO of IncubEx. "With the new listings, we will launch the broadest set of voluntary carbon offset products on any exchange, which is reflective of the numerous methodologies and project types in the underlying carbon offset market. We are also extremely excited that Nodal will list the first-ever futures contract in the renewable natural gas space. This RNG focused product is a signal of the burgeoning underlying market as well as the continued focus on innovation by our team and partners at Nodal Exchange.”
“Climate change is a global challenge that requires innovation and commitment, and I am pleased that Nodal and our collaborators can play a positive, active role in protecting our planet by providing and expanding the environmental markets," said Paul Cusenza, Chairman and CEO of Nodal Exchange. "We're proud to be able to offer these innovative new products and to extend the world's broadest suite of environmental contracts. We expect voluntary carbon offsets to play a significant role in fighting climate change by complementing the existing carbon compliance markets and providing effective risk management solutions to our participants."
ABOUT NODAL
Nodal Exchange is a derivatives exchange providing price, credit and liquidity risk management solutions to participants in the North American commodities markets. Nodal Exchange is a leader in innovation, having introduced the world’s largest set of electric power locational (nodal) futures contracts. As part of EEX Group, a group of companies serving international commodity markets, Nodal Exchange currently offers over 1,000 contracts on hundreds of unique locations, providing the most effective basis risk management available to market participants. In addition, Nodal Exchange offers natural gas and environmental contracts. All Nodal Exchange contracts are cleared by Nodal Clear which is a CFTC registered derivatives clearing organization. Nodal Exchange is a designated contract market regulated by the CFTC. For more information, please visit: nodalexchange.com
ABOUT INCUBEX
IncubEx is an incubator for products, services and technology solutions in environmental markets with partners and stakeholders to design and develop new financial markets, technologies and trading solutions in global environmental, climate risk, and related commodity markets. IncubEx serves as the operator of The Voluntary Climate Marketplace (TVCM). The company also works in conjunction with its global exchange partner, European Energy Exchange (EEX) and its U.S. subsidiary, Nodal Exchange. The IncubEx team is led by former key executives from Climate Exchange, which pioneered exchange based environmental trading and CCX, the world’s first and only voluntary, but legally binding greenhouse gas emission reduction and trading program. IncubEx, a privately held company founded in 2016 with offices in Chicago and London, is uniquely positioned to capture these opportunities globally with its partners. For more information, please visit https://theincubex.com/
PRESS CONTACTS:
IncubEx
Jim Kharouf
IncubEx Communications Director
P: 773-391-0439
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Nodal
Nicole Ricard
Nodal Exchange Communications
P: 703-962-9816
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TULSA, Okla.--(BUSINESS WIRE)--Empire Petroleum Corporation (NYSE American: EP) (“Empire” or the “Company”), an oil and gas company with current producing assets in Texas, Louisiana, North Dakota, Montana and New Mexico, is set to join the broad-market Russell 3000® Index at the conclusion of the 2022 Russell indexes annual reconstitution on June 27, 2022 according to the preliminary list of additions posted by FTSE Russell on June 3, 2022.
Annual Russell indexes reconstitution captures the 4,000 largest US stocks, ranking them by total market capitalization. Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $12 trillion in assets are benchmarked against Russell’s US indexes.
Empire CEO, Tommy Pritchard, said, “We are excited to be joining the Russell 3000 Index and increasing our exposure to the investment community, particularly following our strong first quarter and recent up-listing to the NYSE American.” Mike Morrisett, President, added, “This is an excellent milestone for our Company, and we look forward to communicating with a broader audience of investors.”
Russell indexes are part of FTSE Russell, a leading global index provider. Membership in the US all-cap Russell 3000® Index, which remains in place for one year, means automatic inclusion in the large-cap Russell 1000® Index or small-cap Russell 2000® Index as well as the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes.
About Empire Petroleum
Empire Petroleum Corporation is a publicly traded, Tulsa-based oil and gas company with current producing assets in Texas, Louisiana, North Dakota, Montana and New Mexico. Management is focused on internal growth through optimization of existing assets and targeted acquisitions of proved developed assets with synergies with its existing portfolio of wells. More information about Empire can be found at www.empirepetrocorp.com.
About FTSE Russell
FTSE Russell is a global index leader that provides innovative benchmarking, analytics and data solutions for investors worldwide. FTSE Russell calculates thousands of indexes that measure and benchmark markets and asset classes in more than 70 countries, covering 98% of the investable market globally.
FTSE Russell index expertise and products are used extensively by institutional and retail investors globally. Approximately $20 trillion is currently benchmarked to FTSE Russell indexes. For over 30 years, leading asset owners, asset managers, ETF providers and investment banks have chosen FTSE Russell indexes to benchmark their investment performance and create ETFs, structured products and index-based derivatives.
A core set of universal principles guides FTSE Russell index design and management: a transparent rules-based methodology is informed by independent committees of leading market participants. FTSE Russell is focused on applying the highest industry standards in index design and governance and embraces the IOSCO Principles. FTSE Russell is also focused on index innovation and customer partnerships as it seeks to enhance the breadth, depth and reach of its offering.
FTSE Russell is wholly owned by the London Stock Exchange Group. For more information, visit www.ftserussell.com.
Empire Petroleum Corporation:
Tommy Pritchard, CEO
Mike Morrisett, President
539-444-8002
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Investor Relations:
Stephanie Prince
PCG Advisory
Ph: (646) 863-6341
Under leadership of new CEO, the chemistry technology company unveils strategic growth plan to advance surface treatment products in clean energy, transport sectors
OXFORD, England--(BUSINESS WIRE)--#MercedesBenz--OXECO, a chemistry technology company transforming product design and manufacturing, today announced the closing of a $10.5 million funding round secured by new Chief Executive Officer, Vassilis Ragoussis.
The funding round is led by Lansdowne Partners, with participation from Ora Capital Partners, Tanarra Capital, and the Goh family office.
“As demand for industrial production surpasses pre-pandemic levels and net-zero deadlines loom, urgent action is needed to accelerate new product innovation whilst optimizing productivity at scale,” said Ragoussis. “This investment will expedite our ability to support partners in bringing highly innovative clean energy products to market and address workforce shortages, supply chain challenges, and soaring energy costs.”
OXECO’s proprietary technology platform ONTO™ improves the way materials interact in their intended environment by leveraging reactive carbenes to control the adhesion and wetting properties of surfaces. The technology optimizes the surface treatment of painted products and allows designers to modify the surface of materials to develop novel products. Today manufacturers and designers are exploring applications in clean energy components including wind turbine blades and batteries.
One of the company’s partners, a leading producer of finished composite parts, has been using OXECO’s technology to solve bottlenecks in the painting of automotive parts for Fortune 500 companies and to maximize an existing workforce and space.
“OXECO eliminated the need for a cumbersome sanding process prior to painting parts for Mercedes-Benz Trucks and Ford vehicles,” said Anthony Gallia, chairman of Polkima. “By integrating OXECO’s ONTO™ into our process, we eliminated the aesthetic and functional risk of pinholes in our products, created a cleaner and healthier environment for our workforce, and significantly increased production without expanding our floor space or headcount.”
The funding will be used to further commercialize the company’s technology and advance R&D across the clean technology and transport sectors.
About OXECO:
OXECO is a chemistry technology (chemtech) company that designs, develops, and manufactures surface treatments for the transport and clean technology sectors. The company’s innovative technology platform controls the way that surfaces behave using cutting-edge carbene chemistry. This technology was born in the University of Oxford’s Department of Chemistry and developed over more than two decades. Privately held, the company is an evolution of Oxford Advanced Surfaces (OAS). To learn more, visit www.oxeco.co.uk or follow us on LinkedIn or Twitter at @OXECO_Innovates.
Media Inquiry Contact:
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HOUSTON--(BUSINESS WIRE)--Andros Capital Partners LLC (“Andros”) today announced that its affiliate, Andros Minerals LLC (“Andros Minerals”) has entered into a definitive purchase and sale agreement to acquire a portfolio of mineral and royalty interests located in the Midland Basin, Delaware Basin, and Eagle Ford Shale for $122 million from an undisclosed private seller.
“We are excited to establish Andros Minerals as a direct mineral and royalty acquisition platform with this initial acquisition,” said Andros Founder and Managing Partner Phillip A. Gayle, Jr. “A tremendous amount of private capital has been invested in minerals over the past decade and is looking for an exit. We believe we are uniquely positioned as the appropriate long-term owner of these assets and will continue to acquire and aggregate mineral and royalty interests at scale across the most active U.S. basins.”
Gibson Dunn & Crutcher LLP acted as legal counsel to Andros.
About Andros Capital Partners LLC
Andros Capital Partners is a private investment firm based in Houston, Texas. Andros combines flexible, long-duration capital with an opportunistic investment mandate, leveraging a proven track record of building, operating and monetizing assets across the energy value chain. For more information please visit www.androscapital.com.
Meredith Hargrove Howard
Redbird Communications Group
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Combined Company Rebranded Sitio Royalties Corp. (NASDAQ: STR)
Sitio Poised to Become Leading Oil-Weighted Mineral and Royalty Interest Consolidator
DENVER--(BUSINESS WIRE)--Desert Peak Minerals (“Desert Peak”) and Falcon Minerals Corporation (“Falcon”) today announced the successful completion of their merger, creating Sitio Royalties Corp. (Nasdaq: STR) (the “Company” or “Sitio”), a premier, shareholder returns-driven company focused on large-scale consolidation of high-quality oil & gas mineral and royalty interests across diversified operators.
With a proven track record of completing large, accretive acquisitions in the Permian Basin, Sitio is poised to become a top consolidator in the space. Guided by a disciplined financial philosophy and strong balance sheet, Sitio will focus on maximizing value for all stakeholders and returning significant cash to shareholders.
On June 3, 2022, prior to the consummation of the merger, Falcon effected a four-to-one reverse stock split of Falcon’s Class A common stock and Class C common stock and formally rebranded as Sitio Royalties Corp. The Company’s Class A common stock and warrants will initially continue trading on Nasdaq under the ticker symbols “STR” and “STRDW.” In connection with the closing of the merger, the Company entered into a new credit facility with a $300 million borrowing base.
In accordance with the terms of the merger agreement, Desert Peak became a subsidiary of Falcon’s operating partnership (“OpCo”). Desert Peak’s equity holders received 61,905,339 shares of the Company’s Class C common stock and a corresponding number of common units representing limited partner interests in OpCo.
Chris Conoscenti, CEO of Sitio, said: “Sitio is guided by its commitments to best-in-class leadership and governance standards, capital discipline and a thoughtful approach to value-maximizing M&A. Sitio’s distinguished profile as a leading consolidator in the minerals and royalties space will only continue to strengthen over time with the execution of our proven strategy, focusing on large-scale accretive acquisitions across diversified operators.”
Noam Lockshin, Chairman of Sitio’s Board of Directors, said: “In line with Kimmeridge’s operating philosophy, Sitio has already adopted a best-in-class governance model that is structured to drive long-term shareholder returns and strong alignment with all its stakeholders. When leadership and directors are incentivized to drive outperformance and to optimize shareholder returns, as they are at Sitio, everyone wins. We believe this is the backbone of any successful public company, and Sitio is leading the way in this space.”
Sitio Senior Leadership Team and Board of Directors
As previously announced, Sitio will be managed by the legacy Desert Peak management team, led by current Chief Executive Officer, Christopher Conoscenti. Noam Lockshin, a Partner at Kimmeridge, Sitio’s largest equity holder, will serve as Chairman of the Board of Directors. The Board comprises seven members with strong independence, diversity and deep expertise across energy, finance and governance: Noam Lockshin, Morris R. Clark, Christopher L. Conoscenti, Alice E. Gould, Allen W. Li, Claire R. Harvey and Steven R. Jones.
Stock Exchange Listing Transfer
As previously announced, the Company plans to transfer the listing of its Class A common stock and warrants from Nasdaq to the New York Stock Exchange (“NYSE”) and NYSE American LLC, respectively, on or about June 14, 2022, where the Company’s Class A common stock will retain the same ticker symbol “STR,” and the warrants will trade under the new ticker symbol “STR WS.” The Company’s Class A common stock and warrants will be delisted from Nasdaq in connection with listing on NYSE and NYSE American LLC.
About Sitio Royalties Corp.
Sitio is a shareholder returns-driven company focused on large-scale consolidation of high-quality oil & gas mineral and royalty interests across premium basins, with a diversified set of top-tier operators. With a clear objective of generating cash flow from operations that can be returned to shareholders and reinvested, Sitio has accumulated over 140,000 net royalty acres (“NRAs,” when normalized to a 1/8th royalty equivalent) through the consummation of over 180 acquisitions to date. More information about Sitio, including an updated investor presentation, is available at www.sitio.com.
Forward Looking Statements
This new release contains statements that may constitute “forward-looking statements” for purposes of federal securities laws. Forward-looking statements include, but are not limited to, statements that refer to projections, forecasts, or other characterizations of future events or circumstances, including any underlying assumptions. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intends,” “may,” “might,” “plan,” “seeks,” “possible,” “potential,” “predict,” “project,” “prospects,” “guidance,” “outlook,” “should,” “would,” “will,” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. These statements include, but are not limited to, statements about the Company’s expected benefits of the merger between Falcon and Desert Peak; future dividends; and future plans, expectations, and objectives for the Company’s operations, including statements about strategy, synergies, future operations, financial position, prospects, and plans. While forward-looking statements are based on assumptions and analyses made by us that we believe to be reasonable under the circumstances, whether actual results and developments will meet our expectations and predictions depend on a number of risks and uncertainties that could cause our actual results, performance, and financial condition to differ materially from our expectations and predictions. See “Risk Factors” in Falcon’s definitive proxy statement filed with the U.S. Securities and Exchange Commission (the “SEC”) on May 5, 2022 for a discussion of risk factors related to the merger between Falcon and Desert Peak and Desert Peak’s business. See also Part I, Item 1A “Risk Factors” in Falcon’s Annual Report on Form 10-K for the fiscal year ended December 31, 2021 and Part II, Item 1A “Risk Factors” in Falcon’s Quarterly Reports on Form 10-Q, each filed with the SEC for a discussion of risk factors that affect Falcon’s business. Any forward-looking statement made in this news release speaks only as of the date on which it is made. Factors or events that could cause actual results to differ may emerge from time to time, and it is not possible to predict all of them. Sitio undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future development, or otherwise, except as may be required by law.
IR contact:
Ross Wong
(720) 640-7647
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Media contact:
Daniel Yunger or Hallie Wolff
Kekst CNC
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AUSTIN, Texas--(BUSINESS WIRE)--Pennybacker Capital Management, LLC (Pennybacker), a leading real asset private equity firm, has engaged Longevity Partners, a rapidly expanding full service ESG advisory business, to advance its sustainability strategy in the company’s operations and real asset portfolio. Pennybacker is committed to continually integrating measurable and impactful ESG practices into every element of the firm’s strategy, portfolio, and investment decisions.
In June 2021, Pennybacker and Longevity Partners commenced a detailed project that included a legislation study, peer reviews, identification of stakeholder engagement, the establishment of KPIs, and an execution roadmap. In partnership with Longevity Power, a subsidiary of Longevity Partners, the project also outlined actionable clean energy solutions.
“ESG is a continuation of Pennybacker’s mission of improving the lives of our teachers, tenants, and teams. Since our founding, we have been committed to maximizing the efficiency of our investment portfolio. This engagement is the next logical step for Pennybacker to track consumption and emission data, ultimately establishing short- and long-term reduction targets,” said Tim Berry, CEO of Pennybacker. “Putting in place measurable and actionable benchmarks across a diverse range of metrics is imperative to the well being of our tenants, teacher, and team. The expertise of Longevity is pivotal to developing a best-in-class ESG strategy.”
“Pennybacker is a leader in the United States for the depths of its commitment to ESG,” said Etienne Cadestin, Global Founder and CEO of Longevity Partners. “It’s a pleasure to develop procedures, strategies and metrics for an ambitious firm with the potential to make a massive impact on its stakeholders and the environment.”
About Pennybacker Capital Management
Pennybacker Capital Management is a real estate private equity investment manager with offices in Austin, New York, Denver, and Charlotte. The firm pursues value and income and growth strategies within a broad spectrum of real estate asset classes, across the entire capital structure. Pennybacker has a proven 15+ year track record, having invested in and/or operated more than $3.6 billion of real estate value throughout the United States. The firm has sponsored seven discretionary value-add real estate private equity funds, two real estate credit funds, and eight syndicated investments. For more information, visit https://www.pennybackercap.com.
About Longevity Partners
Operating in over 40 countries for more than 100 institutional investors across all asset classes, Longevity Partners provides all services required to future-proof property investment portfolios. From carbon foot-printing to climate risk and ESG strategy development and implementation, our experts provide all the tools to respond to ESG performance requirements from pension funds to asset owners. Longevity works hand-in-hand with real estate owners to position their assets for the demands of tomorrow, while improving the well-being of users and net operating income today.
The company considers anticipated legislation and achievable benchmarks when improving client’s ESG performance. Asset managers must be aware of how they can optimize their assets’ resiliency to extreme weather events, better manage regulatory risks and improve the quality of their products over time to respond to client demand. For more information, please visit https://www.longevity-partners.com/.
Tierney Model Ehrhart
Co-Founder
August PR
M: 917.216.6520
IG:@Augustprny
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This innovative solar project is dedicated to the late Thomas Guzek, founder of SolarPark Energy, who worked to bring this project to the York community
ROCKVILLE, Md.--(BUSINESS WIRE)--Standard Solar, Inc., a recognized leader in the ownership, development, operation and funding of commercial and community solar assets, and SolarPark Energy, a New York-based community solar developer, today announced the completion of a 7.1 megawatt (MW) community solar project in York, New York.
Standard Solar funded the construction and will own and operate the project long-term. SolarPark Energy developed the project, and Catalyst Power Holdings LLC (“Catalyst Power”), an integrated provider of cleaner energy solutions for the commercial and industrial sector, is managing subscriber acquisition and customer service for the project.
The single-axis tracker system is projected to produce approximately 10,794,000 kilowatt-hours annually and will allow local residents and businesses to benefit from clean energy savings by offsetting their electricity bills with solar energy.
The project is dedicated to the late Thomas Guzek, founder of SolarPark Energy.
“A native of New York, Tom was a tireless renewable energy advocate for the state, and he worked relentlessly to bring the benefits of solar and clean energy to the community of York,” said Daryl Pilon, Director of Business Development, Standard Solar. “Working with Tom and Anne Cassidy to bring this project to closing was a truly rewarding experience. We’re proud to honor Tom’s memory by dedicating this project to him.”
“It warms my heart that this project is being dedicated to Tommy,” said Anne Cassidy, Managing Partner of SolarPark Energy. “He worked so hard on this and many other projects. His vision from 2015 was to help facilitate the slowing down of global warming. He wanted to do all he could to leave future generations a better world. The driving force behind his vision was for everyone to have easy access to solar energy without solar panels, whether it is a business, people in homes, or even people renting apartments. He was so glad that this project was going to succeed.”
“I would like to thank the Town of York, SolarPark Energy’s civil engineer Dave Ingalls of Ingalls and Associates, and Daryl Pilon and his team at Standard Solar for their guidance in bringing this project over the finish line after the loss of Tommy, who worked relentlessly throughout his last days,” continued Cassidy.
In March, New York officials announced the state had reached a considerable milestone — more than 1 GW of community solar generation capacity installed across the region. According to New York Governor Kathy Hochul, New York has the nation’s largest pipeline of community solar under construction, with more than 700 projects in the queue.
“In addition to benefiting hundreds of local businesses and residents, this project brings New York one step closer to meeting the goal of the state’s Climate Act to generate 70% of New York’s electricity from renewable energy by 2030,” added Pilon.
The project is complete and fully subscribed through Catalyst Power. Catalyst Power recruits multiple smaller commercial subscribers, which provides community solar projects a safer, more resilient foundation of support while spreading solar’s benefits to a wider community of local businesses. New York’s community solar program provides residents and businesses the opportunity to save up to 10% on their utility bills while supporting local green energy development.
“Catalyst Power is committed to helping commercial and industrial businesses access clean energy solutions that deliver savings,” said Gabe Philips, CEO of Catalyst Power. “New York’s community solar program is among the fastest and easiest ways for businesses to save money while supporting the local community. We’re thrilled to be working with Standard Solar and SolarPark Energy to fully subscribe the York community solar farm.”
About Standard Solar
Standard Solar is powering the nation’s energy transformation – channeling its project development capabilities, financial strength and technical expertise to deliver the benefits of solar, as well as solar + storage, to businesses, institutions, farms, governments, communities and utilities. Building on 18 years of sustainable growth and in-house and tax equity investment capital, Standard Solar is a national leader in the development, funding and long-term ownership and operation of commercial and community solar assets. Recognized as an established financial partner with immediate, deep resources, the company owns and operates more than 280 megawatts of solar across the United States. Standard Solar is based in Rockville, Md. Learn more at standardsolar.com, LinkedIn and Twitter: @StandardSolar.
For project acquisition and development inquiries, contact Daryl Pilon, This email address is being protected from spambots. You need JavaScript enabled to view it. and on LinkedIn.
About SolarPark Energy
SolarPark Energy was created in 2015 as a result of energy policy changes made by the New York State Public Service Commission. Thomas Guzek, an entrepreneur in renewable energy development, along with his investors and partners saw a great opportunity to bring the benefits of this new energy policy to a focused area of Western, Central and Upstate New York. SolarPark Energy strongly believes that Community Solar will help the residents and businesses in this part of the state with lower energy costs and the elimination of harmful CO gasses from power plants powered by fossil-based energy sources. For more information, or to easily obtain solar energy, visit https://www.solarparkenergy.com/about-us
About Catalyst Power Holdings LLC
Catalyst Power Holdings LLC is an independent, integrated provider of cleaner energy solutions for the commercial and industrial sector through commercial energy, customized Connected Microgrid solutions, and community solar to underserved middle-market commercial and industrial end-use customers, improving the overall efficiency and environmental impact of their supply. Catalyst Power is a portfolio company of BP Energy Partners, LLC. More info: www.catalystpower.com
PR Contacts:
Leah Wilkinson
Wilkinson + Associates for Standard Solar
703-907-0010
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Sam Boykin
Boykin Consulting for Catalyst Power
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Investment enables Vantage to expand access to renewable energy for customers and ensures energy price security
DENVER & LUXEMBOURG--(BUSINESS WIRE)--#africa--Vantage Data Centers, a leading global provider of hyperscale data center campuses, today announced it has entered into a 20-year power purchase agreement (PPA) with SolarAfrica, a pioneer in South Africa’s solar energy financing. This agreement will enable Vantage to supplement the local grid that powers the company’s Johannesburg (JNB1) data center campus, which is slated to open in July, with renewable energy. Additionally, this investment will further drive the creation of renewable energy in the region by supporting the expansion of SolarAfrica’s De Aar solar project.
The Northern Cape of South Africa is considered one of the most abundant solar sites in the world. Within SolarAfrica’s larger solar farm, Vantage’s investment will support the production of 87MWp of renewable energy and is forecasted to reduce the emission of CO2 in the region by an additional 3.8 million tons over the lifetime of the agreement. At its completion, Vantage’s Johannesburg data center campus will have 80MW of IT capacity, of which up to 33% is expected to be supported by the solar farm. The state-of-the-art campus, located in the thriving business and data center ecosystem of Waterfall City, is situated on 30 acres (12 hectares) and will feature three facilities across 650,000 square feet (60,000 square meters) once fully developed.
“Vantage’s investment in SolarAfrica’s De Aar project reaffirms our continued commitment to sustainability and our drive to reach net zero by 2030,” said Justin Jenkins, chief operating officer of EMEA and president of the U.K., Vantage Data Centers. “Not only will energy from this investment be used to power our Johannesburg campus, but it will also serve as another example of using solar-driven energy across the data center industry. In the near term, solar energy faces increasing demand, driving prices higher across South Africa. This investment, however, will ensure a stable price for our customers.”
“With climate change being the defining challenge of our time, it’s crucial that we accelerate our carbon mitigation efforts to transform our planet into a sustainable green economy.” said Charl Alheit, SolarAfrica director. “We are continually driven to assist our customers in reaching their green energy goals while saving them money in the process. The rollout of the 87MWp solar farm for Vantage’s campus, which will be one of the largest in South Africa, is an exciting step for us as we gear up to help even more businesses save with cheaper, cleaner energy through wheeling.”
This agreement is another crucial step in Vantage’s long-term commitment to sustainability. In 2021, Vantage announced that the company will achieve net zero carbon emissions globally by 2030, marking a significant milestone in its work to increase efficiencies and reduce environmental impacts at its hyperscale data center campuses worldwide.
About Vantage Data Centers
Vantage Data Centers powers, cools, protects and connects the technology of the world’s well-known hyperscalers, cloud providers and large enterprises. Developing and operating across five continents in North America, EMEA and Asia Pacific, Vantage has evolved data center design in innovative ways to deliver dramatic gains in reliability, efficiency and sustainability in flexible environments that can scale as quickly as the market demands.
For more information, visit www.vantage-dc.com.
About SolarAfrica
Founded in 2011, SolarAfrica is a progressive company that has evolved into a dynamic team passionate about providing simple, sustainable savings to their customers. Starting out as one of the only companies in South Africa specializing in solar financing through Power Purchase Agreements (PPAs), SolarAfrica’s product offering has grown exponentially. As market leaders, the company specializes in bringing together their financial and technical expertise to provide the best energy solutions. Ten years later, the company’s diversified offering provides a holistic approach to solar solutions that are created to meet the long-term sustainable needs of their customers. SolarAfrica’s integrated solutions are designed to reduce electricity costs and provide energy security to enable a sustainable future for businesses.
For more information, visit www.solarafrica.com.
Mark Freeman
Vantage Data Centers
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Robin Bectel
REQ for Vantage Data Centers
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Marion Chevillotte
Vantage Data Centers
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+352-691-000-551
HOUSTON--(BUSINESS WIRE)--Enterprise Products Partners L.P. (NYSE: EPD) announced today it will host investor meetings at the following conferences in June 2022:
Enterprise will present at the J.P. Morgan Conference on Thursday, June 23. The partnership will also participate in a number of 1x1 investor meetings at both conferences this month. The latest investor deck that will be used to facilitate the investor meetings will be posted to Enterprise’s website Thursday morning, June 9, and slides for the investor presentation will be posted Thursday morning, June 23. The slides can be accessed under the Investors tab on the Enterprise website.
Enterprise Products Partners L.P. is one of the largest publicly traded partnerships and a leading North American provider of midstream energy services to producers and consumers of natural gas, NGLs, crude oil, refined products and petrochemicals. Services include: natural gas gathering, treating, processing, transportation and storage; NGL transportation, fractionation, storage and marine terminals; crude oil gathering, transportation, storage and marine terminals; petrochemical and refined products transportation, storage, and marine terminals and related services; and a marine transportation business that operates on key United States inland and intracoastal waterway systems. The partnership’s assets include more than 50,000 miles of pipelines; over 260 million barrels of storage capacity for NGLs, crude oil, refined products and petrochemicals; and 14 Bcf of natural gas storage capacity. Please visit www.enterpriseproducts.com for more information.
Randy Burkhalter, Investor Relations, (713) 381-6812 or (866) 230-0745, This email address is being protected from spambots. You need JavaScript enabled to view it.
Rick Rainey, Media Relations, (713) 381-3635, This email address is being protected from spambots. You need JavaScript enabled to view it.
JACKSONVILLE, Fla.--(BUSINESS WIRE)--$RDW--Redwire Corporation (NYSE: RDW), a leader in space infrastructure for the next generation space economy, announced today that it has been contracted to deliver 42 high gain antennas for an undisclosed national security customer for a low-Earth orbit satellite constellation with significant follow-on potential. Scheduled to be delivered within the next 18 months, the antennas will enable beyond line-of-sight communications for the warfighter using a secured tactical network. Earlier this year, Redwire successfully delivered antennas for the initial phase of this constellation.
This production lot will be manufactured in Redwire’s recently expanded Longmont, Colorado facility, which utilizes modular array work cells that enable a factory capacity well in excess of 120 antennas.
“Redwire is proud to continue to develop critical, enabling antenna technology for our national security customer,” said Dean Bellamy, Redwire’s Executive Vice President of National Security. “This antenna product line encompasses years of research and development of advanced antenna systems alongside industry and military customers. Redwire has already begun investing in the development of future mission critical antenna technologies for future phases of this constellation, as well as other Department of Defense and Intelligence Community missions.”
Redwire’s antenna technology delivers unmatched gain performance over an ultra-wide bandwidth. It interfaces to radios that support wideband frequency-hopping tactical networking. The antenna technology was demonstrated in part under an Air Force Commercialization Readiness Program called AFWERX.
The award builds on years of development of advanced antenna systems for industry and military customers. Redwire’s antenna technology was selected for the original pathfinder mission to demonstrate this waveform from space.
About Redwire
Redwire Corporation (NYSE: RDW) is a leader in space infrastructure for the next generation space economy, with valuable IP for solar power generation and in-space 3D printing and manufacturing. With decades of flight heritage combined with the agile and innovative culture of a commercial space platform, Redwire is uniquely positioned to assist its customers in solving the complex challenges of future space missions. For more information, please visit www.redwirespace.com.
Media Contact:
Tere Riley
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904-425-1431
WEST ALLIS, Wis.--(BUSINESS WIRE)--Toshiba America Energy Systems Corporation and its affiliate, Japan-based Toshiba Energy Systems & Solutions Corporation, are pleased to announce that they have reached an agreement with Bechtel Power Corporation to collaborate on the delivery of steam turbines and generators for Poland's first nuclear power plant. This exciting new endeavor will help the country transition away from coal-fired energy while preserving its energy independence.
With increasing demand for energy independence, nuclear power provides reliable energy at scale and contributes to carbon free initiatives. Industry leaders such as Toshiba and Bechtel have been supporting nuclear power plants for decades and are trusted among customers to provide safe, efficient, and reliable solutions.
“We are honored to be partnering with Bechtel as this exciting opportunity develops to support Poland’s new nuclear power plant pursuits,” said Kentaro Takagi, President and CEO, Toshiba America Energy Systems Corporation.
Yuki Arima, Business Unit Manager, Power Systems Div., Toshiba Energy Systems & Solutions Corporation added: “As demand for low-carbon and stable energy sources increases, Toshiba has been working closely with our clients and partners to successfully deliver safe and reliable nuclear power solutions that make a positive impact across the world.”
“Any new nuclear plant requires expertise from proven companies with the required certifications,” said Ahmet Tokpinar, General Manager of Bechtel’s Nuclear Power business line. “Toshiba has supplied steam generator turbines and services to power plants of all types for nearly 100 years. This is a team with proven manufacturing capabilities and a record of excellent service.”
Toshiba has been supporting the restart, decommissioning, and dismantlement of nuclear power plants, fuel cycles, and future energy source developments, such as next generation reactors and fast reactors.
Toshiba will join the team of U.S. and Polish companies being organized by Bechtel and Westinghouse Electric Company to pursue this initiative.
About Toshiba America Energy Systems Corporation (TAES)
Toshiba America Energy Systems Corporation, (TAES), headquartered in West Allis, Wisconsin, with a large manufacturing and service shop, provides turbine/generator equipment and services for the energy industry in the Americas, including thermal, hydro and nuclear power plants. Part of the Energy Systems & Solutions Company within Toshiba Corporation, TAES is proud to provide high-quality, reliable and cost-effective products and services that address current and future power generation needs. For more information, please visit: http://www.toshiba.com/taes.
Mr. Eddie Temistokle
Senior Manager, Corporate Communications
Toshiba America, Inc.
Phone: 212-596-0623
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Website: www.toshiba.com/taes
Increases clean energy asset yield, streamlines purchase of edge-to-cloud monitoring and optimization platform for EPCs and developers
SAN FRANCISCO--(BUSINESS WIRE)--AlsoEnergy, a Stem (NYSE: STEM) company and a leading edge-to-cloud clean energy optimization platform provider, has launched a premier distribution channel to further accelerate the adoption of clean energy assets. Building on the success of its direct sales, AlsoEnergy is leveraging Stem’s proven channel sales model and relationships with global distributors to begin offering its edge-to-cloud platform more broadly across the U.S. The new distribution channel provides Engineering, Procurement and Construction (EPCs) and developers with streamlined access to AlsoEnergy’s platform that unlocks improved economic and operational opportunities for a range of systems, including solar Commercial and Industrial (C&I) systems. The channel launched with a leading North American distributor and is expected to expand to other distributors.
Designed for C&I projects up to 3 megawatts (MW), the platform includes edge solutions that collect and log data about onsite conditions from various clean energy hardware. The data is then securely transmitted to PowerTrack, AlsoEnergy’s cloud application for optimization of clean energy assets, providing insights into weather-adjusted, expected site performance. Accompanying 5-year PowerTrack subscriptions, three of AlsoEnergy’s edge solutions will now be offered through its distribution channel, including AlsoEnergy’s Power Light Commercial Solution 400, Power Light Commercial Solution 600 BASE, and Power Light Commercial Solution 600 PLUS.
“For more than a decade, AlsoEnergy has consistently delivered reliable edge-to-cloud solutions to empower energy stakeholders to realize higher returns in the evolving energy market,” stated Bob Schaefer, President of AlsoEnergy. “By launching a distribution channel, we are able to serve a larger market in the U.S. and more diversified energy asset portfolios by improving access to our industry-leading solutions. As a new part of Stem, we are excited to continue to grow this channel to accelerate the clean energy transition.”
“Three years ago, the Stem Partner Program pioneered bringing energy storage to the distribution channel and established successful relationships with national and global distribution leaders,” said Alan Russo, Chief Revenue Officer at Stem. “As a key post-acquisition milestone for Stem and AlsoEnergy, this new distribution channel is an important step for the companies’ business goals to create an inclusive energy economy by delivering synergistic, market-leading solutions.”
As a newly combined company, Stem and AlsoEnergy are uniquely positioned to meet the increasingly complex needs of the energy market as it matures, reinforcing their commitment to their partner network. Since 2019, the Stem Partner Network has yielded more than 500 active partners and more than 48GWh of active projects.
Learn more about becoming a Stem or AlsoEnergy distribution partner at https://www.stem.com/partner-program/distributor-partners/.
About Stem
Stem (NYSE: STEM) provides solutions that address the challenges of today’s dynamic energy market. By combining advanced energy storage solutions with Athena®, a world-class AI-powered analytics platform, Stem enables customers and partners to optimize energy use by automatically switching between battery power, onsite generation, and grid power. Stem’s solutions help enterprise customers benefit from a clean, adaptive energy infrastructure and achieve a wide variety of goals, including expense reduction, resilience, sustainability, environmental and corporate responsibility, and innovation. Stem also offers full support for solar partners interested in adding storage to standalone, community or commercial solar projects – both behind and in front of the meter. With the acquisition of AlsoEnergy, Stem is a leader in the solar asset management space, bringing project developers, asset owners and commercial customers an integrated solution for solar and energy storage management and optimization. For more information, visit www.stem.com.
About AlsoEnergy
From its founding, AlsoEnergy has led the market in edge-to-cloud portfolio management solutions that make clean energy more resilient, manageable, and scalable. With the clean energy economy offering unprecedented opportunities, AlsoEnergy empowers businesses to rapidly scale and confidently optimize their clean energy portfolios with distributed assets in utility, C&I, and aggregated residential. PowerTrack, AlsoEnergy’s flagship portfolio management application for users throughout the value chain, drives insightful decisions that improve business efficiencies and financial and energy performance. Our dedicated team with deep industry expertise provides tailored solutions throughout the lifetime of clean energy assets. AlsoEnergy was recently acquired by Stem, the leader in smart energy storage. For more information, visit www.alsoenergy.com.
Media Contacts
Jessica Fishman, AlsoEnergy
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Suraya Akbarzad, Stem
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The companies will collaborate to facilitate improvements in ESG performance through the provision of sustainability-linked financings and third-party continuous emissions monitoring data
DENVER--(BUSINESS WIRE)--Project Canary, a climate tech and environmental assessment company focused on providing trusted third-party ESG data for emission-intensive industries, announced today that it has expanded its strategic relationship with Quantum Energy Partners ("Quantum") related to Quantum’s credit and structured capital investment efforts. Quantum is a leading provider of private capital to the energy industry and is focused on providing sustainability-linked capital to both public and private energy companies. Project Canary and Quantum believe that meaningful synergies exist between Quantum’s sustainability-linked investment initiatives and Project Canary’s emissions monitoring solutions.
Through ongoing collaboration between Quantum and Project Canary regarding the simultaneous need for private capital and methane emissions monitoring solutions, this strategic arrangement seeks to expand the adoption of facility-level environmental assessments and continuous monitoring of methane emissions for certain stakeholders in the energy value chain. Methane is a greenhouse gas (“GHG”) that traps significantly more heat in the atmosphere than carbon dioxide. Having data to measure and reduce methane emissions can have a meaningfully positive impact on operators’ ESG profiles.
"ESG 2.0 is embedded in the measurement economy. High-fidelity, facility-level data that can accurately portray a more holistic environmental profile, including methane and other GHG emissions, is likely to be the new minimum standard," said Chris Romer, CEO of Project Canary. "Quantum's focus on our solutions underscores how capital markets view the need for more granular and real-time data to measure progress over time. Financial markets want a gold standard for measurable and validated ESG data to drive sustainable actions."
Quantum believes demand for private capital among both traditional energy companies, as well as companies involved in energy transition, is growing significantly as the world moves towards decarbonization. Through the active and disciplined deployment of its capital, Quantum seeks to support the promotion of relevant, enduring and sustainable improvements relative to borrowers’ near-term ESG performance and longer-term sustainability initiatives.
"Private capital can play an important role in helping incentivize companies to achieve their ESG goals. We believe there are a broad range of areas where we can seek to influence positive change in the energy sector related to methane emissions, water consumption, natural gas flaring, and utilization of renewable power, among others," said Ajay Khurana, Co-President of Quantum. "We believe Project Canary can help provide operators with essential emissions data to measure and validate progress towards achievement of these goals."
About Quantum Energy Partners
Founded in 1998, Quantum Energy Partners is a leading global provider of private equity, credit, structured capital and venture capital to the responsibly sourced energy and energy transition & decarbonization sectors (what we call the “Sustainable Energy Ecosystem”), having managed together with its affiliates more than $18 billion in capital commitments since inception. For more information on Quantum, please visit www.quantumep.com or contact Michael Dalton at +1-713-452-2110.
About Project Canary
Project Canary is a SaaS-based data analytics company focused on accurate climate ESG data for emission-intensive industrial companies. We are the leaders in holistic environmental assessments (air, water, land, and community). Project Canary scores responsible operations, delivering independent emission profiles via high-fidelity continuous monitoring technology to provide actionable environmental performance data. Our sensor portfolio includes high-fidelity spectroscopy-based methane detection and emissions quantification for the oil and gas sectors, plus Aeris Technologies' laser-based gas analyzers covering other emissions, including ethane, nitrous oxide, formaldehyde, ethylene oxide, benzene, and more. Formed as a Public Benefit Corporation, Project Canary's Denver-based team of scientists, engineers, and seasoned industry operators identify and quantify areas to reduce emissions. www.projectcanary.com
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Through Increased Commitments to Reduce Emissions and Industry Innovation for Sustainability, Itron Advances Progress Toward UN Sustainable Development Goals to Build a More Resourceful World
LIBERTY LAKE, Wash.--(BUSINESS WIRE)--#ESG--Itron, Inc. (NASDAQ: ITRI), which is innovating the way utilities and cities manage energy and water, today released its 2021 Environmental Social Governance (ESG) Report, highlighting its commitment to long-term sustainability through advanced initiatives which increase efficiency and reduce carbon emissions. Through its advanced technology solutions and partnership with utilities, Itron is enhancing efficient management of energy and water as well as educating consumers on how to take an active role in managing resource use.
As part of Itron’s ESG strategy, the company has set aggressive objectives and enterprise initiatives that align efforts with the United Nation (U.N.) Sustainable Development Goals including:
These goals align with Itron’s redefined carbon model and improvement of reporting methodology. The quantifiable targets and shift to location-based emissions reporting for all Scope 1 and Scope 2 greenhouse gas metrics will drive Itron toward its net zero goal by 2050. The report also includes optional reporting for Scope 3 emissions, which continue to be refined and evaluated as a part of our overall carbon model.
“We are facing a critical time in history where today’s decisions on how we conserve and manage our energy and water resources will shape the lives of future generations,” said Tom Deitrich, Itron’s president and CEO. “Itron continues to build sustainability and ESG initiatives into every aspect of our operations and push the industry to do so as well by offering innovative solutions for utilities and their customers and working with our employees to unlock their resourcefulness. Our efforts are aligned with the U.N. Sustainable Development Goals, and as a participant of the U.N. Global Compact, we adhere to its principles-based approach to responsible business practice and further Itron’s vision to create a more resourceful world.”
Itron’s ESG strategy focuses on four key pillars to advance efficient management of energy and water. The 2021 ESG report highlights the efforts related to:
The 2021 ESG report can be downloaded at www.itron.com/esg.
About Itron
Itron enables utilities and cities to safely, securely and reliably deliver critical infrastructure solutions to communities in more than 100 countries. Our portfolio of smart networks, software, services, meters and sensors helps our customers better manage electricity, gas and water resources for the people they serve. By working with our customers to ensure their success, we help improve the quality of life, ensure the safety and promote the well-being of millions of people around the globe. Itron is dedicated to creating a more resourceful world. Join us: www.itron.com.
Itron® is a registered trademark of Itron, Inc. All third-party trademarks are property of their respective owners and any usage herein does not suggest or imply any relationship between Itron and the third party unless expressly stated.
Itron, Inc.
Alison Mallahan
Senior Manager, Corporate Communications
509-891-3802
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LITTLE RIVER, S.C.--(BUSINESS WIRE)--$PCTL #EOR--PCT LTD (OTC Pink: PCTL). Paradigm Convergence Technologies Corporation, a company focused on acquiring, developing, and providing sustainable, environmentally safe disinfecting, cleaning, and tracking technologies announced today that it has signed a Memorandum of Understanding (MOU) with LeadGreen Energy Services Limited.
LeadGreen Energy Services Limited, an IADC member company, offers integrated services to the oil and gas industry in Nigeria, an OPEC member country. Services offered include procurement, drilling services, filtration service, consulting and training, and logistical support.
LeadGreen Energy Services Limited will provide a cash investment for the purpose of drilling a 7-spot pattern in the Grassy Creek, Missouri formation to be drilled and operated by Maverick Energy Services. The drilling will provide further demonstration and validation of Enhanced Oil Recovery methods utilizing PCT’s fluids and processes. Upon completion, likely during the next 60 days, the company can begin to finalize previous efforts with multiple energy companies to start initiating the Oil Recovery Process. This will commence large-scale revenue streams for PCT.
As a result of the cash infusion, LeadGreen Energy Services Limited will acquire the rights to utilize, market and distribute PCT’s Enhanced Oil Recovery technology and methodology for use in LeadGreen’s oil recovery projects in other areas of the world should they choose.
“We believe our pipeline for equipment is real and growing. We also believe the Oil & Gas and Agriculture Divisions will contribute significant revenues in the fourth quarter. Our forecasts call for $5-$10 million in revenue for just the Oil and Gas business over the next twelve months. While it has taken a significant amount of time to reach this point, we can now start to monetize this business very rapidly,” commented CEO Gary Greico.
About PCT LTD:
PCT LTD ("PCTL") focuses its business on acquiring, developing, and providing sustainable, environmentally safe disinfecting, cleaning, and tracking technologies. The company acquires and holds rights to innovative products and technologies, which are commercialized through its owned operating subsidiary, Paradigm Convergence Technologies Corporation (PCT Corp). The Company established entry into its target markets with commercially viable products in the United States and now continues to gain market share in the U.S. and U.K.
Forward-Looking Statements:
This press release contains "forward-looking statements" as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21B of the Securities Exchange Act of 1934, as amended. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact and may be "forward-looking statements."
Such statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties, which could cause actual results or events to differ materially from those presently anticipated. Such statements involve risks and uncertainties, including but not limited to: PCTL's ability to raise sufficient funds to satisfy its working capital requirements; the ability of PCTL to execute its business plan; the anticipated results of business contracts with regard to revenue; and any other effects resulting from the information disclosed above; risks and effects of legal and administrative proceedings and government regulation; future financial and operational results; competition; general economic conditions; and the ability to manage and continue growth. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual outcomes may vary materially from those indicated. Important factors that could cause actual results to differ materially from the forward-looking statements PCTL makes in this press release include market conditions and those set forth in reports or documents it files from time to time with the SEC. PCTL undertakes no obligation to revise or update such statements to reflect current events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
Investor Relations Contact
Tim Rieu
410-937-9789
or
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www.pctl.com
Twitter: https://twitter.com/PCTL_
LeadGreen Corporate Profile
DUBLIN--(BUSINESS WIRE)--The "Global Vessel Traffic Management Market by End-user (Commercial, Defense), Component (Equipment, Solution, Service), Investment (Brownfield, Greenfield), System, Onboard Components (Equipment, Solution), and Region (2022-2027)" report has been added to ResearchAndMarkets.com's offering.
The Global Vessel Traffic Management Market is projected to grow from USD 5.8 billion in 2022 to USD 8.7 billion by 2027, at a CAGR of 8.4% during the forecast period.
The COVID-19 outbreak has led to several challenges for various industries such as aviation and consumer electronics. These industries faced many economic problems post the COVID-19 outbreak. Since the beginning of the outbreak, the transportation industry has been among the most severely hit sectors globally. Due to most countries imposing nationwide lockdowns and travel and transportation restrictions, the shipping industry was affected extremely. This outbreak has also put the shipping and marine industries in worse position since their workforces have been shut down for the sake of safety and preventing the spread of COVID-19.
With the support of the Maritime and Port Authority of Singapore, Fujitsu Limited, Singapore Management University (SMU), and A*STAR's Institute of High-Performance Computing (IHPC) announced their collaboration to develop innovative new technologies for vessel traffic management in the Port of Singapore (MPA). These predictive technologies will use artificial intelligence (AI) and big data analytics to help manage Singapore's port and surrounding seas, which see a lot of seaborne trade and traffic.
The technologies will also be evaluated using real-world data in order to enhance congestion predictions and the detection of probable accidents and other danger hotspots before they happen at sea. The Urban Computing and Engineering Centre of Excellence (UCE CoE), a public-private collaboration comprising of the Agency for Science, Technology and Research (A*STAR), SMU, and Fujitsu, was founded in 2014 to perform research and development for these new marine technologies.
Based on component, service segment is expected to have the largest market share in 2022 as well as witness the highest CAGR growth across the forecast period. Many ports are equipping VTMS systems to make their ports more efficient and reliable. With new systems require operation and maintenance services. These factors drive the market growth.
Based on system, Port management information system is expected to grow with largest CAGR. Most ports across the world have adopted some form port management information system for the efficient and reliable working of their ports.
Market Dynamics
Drivers
Restraints
Opportunities
Challenges
Companies Mentioned
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DUBLIN--(BUSINESS WIRE)--The "Solar Trackers Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2021-2031" report has been added to ResearchAndMarkets.com's offering.
The latest study collated and published analyzes the historical and present-day scenario of the solar trackers market in order to accurately gauge its future growth.
The study presents detailed information about the important growth factors, restraints, and trends that are creating a landscape for the growth of the solar trackers market so as to identify growth opportunities for market stakeholders. The report also provides insightful information about how solar trackers market would expand during the forecast period of 2021 to 2031.
The report offers intricate dynamics about different aspects of the solar trackers market, which aids companies operating in the market in making strategic development decisions. This study also elaborates on significant changes that are highly anticipated to configure growth of the solar trackers market during the forecast period. It also includes a key indicator assessment that highlights growth prospects of the solar trackers market and estimates statistics related to growth of the market in terms of volume (MW) and value (U$$ Mn).
This study covers a detailed segmentation of the solar trackers market, along with key information and a competition outlook. The report mentions company profiles of players that are currently dominating the solar trackers market, wherein various development, expansion, and winning strategies practiced and implemented by leading players have been presented in detail.
Companies Mentioned
Key Questions Answered in this report on Solar Trackers Market
The report provides detailed information about the solar trackers market on the basis of a comprehensive research on various factors that are playing a key role in accelerating the growth potential of the global market. Information mentioned in the report answers path-breaking questions for companies that are currently operating in the market and are looking for innovative methods to create a unique benchmark in the solar trackers market, so as to help them design successful strategies and make target-driven decisions.
Key Topics Covered:
1. Preface
2. Executive Summary
3. Solar Trackers - Industry Analysis
3.1. Introduction
3.2. Value Chain Analysis
3.3. Market Drivers
3.3.1. Growing Photovoltaic (PV) Demand
3.3.2. Tracking Systems Boost the Efficiency of Solar Cells
3.3.3. Government Incentive Schemes and Feed in Tariff's (FIT)
3.4. Restraints
3.4.1. Capital Intensive Technology
3.5. Opportunities
3.5.1. High Potential in the Asia Pacific Solar PV Market
3.6. Regulatory Framework
3.7. Porter's Five Forces Analysis
3.8. Solar Trackers: Market Attractiveness Analysis, by Technology, 2020
3.9. Solar Trackers: Company Market Share Analysis, 2020
4. Solar Trackers Market - Technology Analysis
5. Solar Trackers Market - Product Segment Analysis
6. Global Solar Trackers Market - Regional Analysis
7. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/3p5dqj
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
This email address is being protected from spambots. You need JavaScript enabled to view it.
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