Virtual power purchase agreement helps position Company to achieve global environmental stewardship goal of procuring the majority of electricity from renewable energy sources by 2025

PITTSBURGH & CHICAGO--(BUSINESS WIRE)--The Kraft Heinz Company (Nasdaq: KHC) (“Kraft Heinz” or the “Company”) today announced a virtual power purchase agreement (“vPPA”) with BHE Renewables, a Berkshire Hathaway Energy business, for its operations within the United States, which make up the largest part of the Company’s North America Zone. This agreement is designed to enable Kraft Heinz to achieve its aspiration of procuring the majority of its electricity from renewable sources by 2025, a key focus area of the Company’s net-zero emissions plans.

“As one of the world’s largest food and beverage companies, we are committed to contributing to global efforts to reduce the ongoing threat of climate change," said Kraft Heinz CEO and Board Chair Miguel Patricio. “In 2020, we committed to buy the majority of our electricity from renewable sources by 2025. This agreement with BHE Renewables helps put us on track to accomplish that aspiration and brings us one step closer to achieving net zero emissions by 2050.”

By the end of 2022, Kraft Heinz plans to purchase enough renewable energy from BHE Renewables to offset more than 15 percent of the energy usage at its U.S. manufacturing sites; and by the end of 2025, this amount is expected to increase to approximately 60 percent. The renewable energy is planned to come from BHE Renewables’ 158-megawatt Gopher Creek wind farm in Scurry County, TX.

“We are proud to support Kraft Heinz as it carries out its commitment to create a more sustainable environment,” said Steve Rowley, Vice President, Renewable Development and Energy Markets at BHE Renewables. “Kraft Heinz has an ambitious goal to achieve net zero greenhouse gas emissions, and we look forward to working with them to meet their renewable energy needs.”

This agreement is the latest in a series of renewable energy initiatives by the Company, including solar projects at three Kraft Heinz manufacturing sites in China – Qingdao, Foshan, and Shanghai – which are expected to prevent approximately 2,000 tons of carbon dioxide from entering the atmosphere each year for the next two decades. These initiatives also include Kraft Heinz’s recent vPPA with Repsol in Spain.

Kraft Heinz continues to prioritize environmental stewardship by pursuing renewable energy opportunities around the world through utility-scale power purchase agreements (PPAs) and vPPAs.

Download the latest ESG report to learn more about Kraft Heinz’s climate ambitions and progress at www.kraftheinzcompany.com/esg.

About The Kraft Heinz Company

We are driving transformation at The Kraft Heinz Company (Nasdaq: KHC), inspired by our Purpose, Let’s Make Life Delicious. Consumers are at the center of everything we do. With 2021 net sales of approximately $26 billion, we are committed to growing our iconic and emerging food and beverage brands on a global scale. We leverage our scale and agility to unleash the full power of Kraft Heinz across a portfolio of six consumer-driven product platforms. As global citizens, we’re dedicated to making a sustainable, ethical impact while helping feed the world in healthy, responsible ways. Learn more about our journey by visiting www.kraftheinzcompany.com or following us on LinkedIn and Twitter.

About BHE Renewables

BHE Renewables is a wholly owned subsidiary of Berkshire Hathaway Energy that owns and operates over 4,000 megawatts of renewable resources across the United States. The company owns solar, wind, geothermal and hydroelectric projects that produce energy from noncarbon resources to reduce the environmental impacts of energy creation and meet the varying needs of customers.

Forward-Looking Statements

This press release contains a number of forward-looking statements. Words such as “accomplish,” “achieve,” “come,” “commit,” “continue,” “contribute,” “cover,” “design,” “enable,” “expect,” “focus,” “help,” “increase,” “meet,” “offset,” “plan,” “position,” “prevent,” “prioritize,” “procure,” “purchase,” “reduce,” “will,” and variations of such words and similar future or conditional expressions are intended to identify forward-looking statements. These statements are not historical facts and are based on Kraft Heinz’s current beliefs, expectations, estimates, and projections. These forward-looking statements are subject to a number of risks and uncertainties, many of which are difficult to predict and beyond Kraft Heinz’s control, which could cause actual results to differ materially from those indicated in the forward-looking statements. Those factors include, but are not limited to, Kraft Heinz’s ability to achieve the intended benefits of the agreement and the risk factors set forth in Kraft Heinz’s filings with the Securities and Exchange Commission, including Kraft Heinz’s most recently filed Annual Report on Form 10-K and subsequent reports on Forms 10-Q and 8-K. Kraft Heinz disclaims and does not undertake any obligation to update, revise, or withdraw any forward-looking statement in this press release, except as required by applicable law or regulation.

Chelsea Slaggert
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PITTSBURGH--(BUSINESS WIRE)--Alcoa Corporation plans to announce its second quarter 2022 financial results on Wednesday, July 20, 2022 after the close of trading on the New York Stock Exchange.

The press release with financial results, and a related presentation, will be available on the “Investors” section of Alcoa’s website, www.alcoa.com. A link to the press release will also be on Alcoa’s Twitter handle @Alcoa at www.twitter.com/Alcoa.

A conference call to discuss the financial results will begin at 5:00 p.m. EDT, and will be webcast live via Alcoa's website, www.alcoa.com.

About Alcoa Corporation

Alcoa (NYSE: AA) is a global industry leader in bauxite, alumina and aluminum products with a vision to reinvent the aluminum industry for a sustainable future. With a values-based approach that encompasses integrity, operating excellence, care for people and courageous leadership, our purpose is to Turn Raw Potential into Real Progress. Since developing the process that made aluminum an affordable and vital part of modern life, our talented Alcoans have developed breakthrough innovations and best practices that have led to greater efficiency, safety, sustainability and stronger communities wherever we operate.

Dissemination of Company Information

Alcoa intends to make future announcements regarding company developments and financial performance through its website, www.alcoa.com, as well as through press releases, filings with the Securities and Exchange Commission, conference calls, and webcasts.

Investor Contact:
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412-992-5450
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Media Contact:
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DUBLIN--(BUSINESS WIRE)--The "Organic Solar Cells 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 global organic solar cells market in order to accurately gauge its future growth.

Companies Mentioned

• Heliatek Gmbh
• Solarmer Energy, inc.
• Mitsubishi Chemical Corporation
• Belectric Opv Gmbh
• Sumitomo Chemical Co., Ltd.
• Disa Solar
• New Energy Technologies, Inc.

The study presents detailed information about the important growth factors, restraints, and trends that are creating a landscape for the growth of the so as to identify growth opportunities for market stakeholders. The report also provides insightful information about how global organic solar cells market would expand during the forecast period of 2021 to 2031.

The report offers intricate dynamics about different aspects of the, 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 global organic solar cells market during the forecast period. It also includes a key indicator assessment that highlights growth prospects of the global organic solar cells market and estimates statistics related to growth of the market in terms of volume (Kw) and value (US$ Mn).

This study covers a detailed segmentation of the global organic solar cells market, along with key information and a competition outlook. The report mentions company profiles of players that are currently dominating the global organic solar cells market, wherein various development, expansion, and winning strategies practiced and implemented by leading players have been presented in detail.

Key Questions Answered in this Report on Global Organic Solar Cells Market

The report provides detailed information about the global organic solar cells 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 global organic solar cells market, so as to help them design successful strategies and make target-driven decisions.

• How are key market players successfully earning revenue out of advantages of organic solar cells?
• What would be the Y-o-Y growth trend in the global organic solar cells market between 2021 and 2031?
• What are the winning imperatives of leading players operating in the global organic solar cells market?
• Which are the leading companies operating in the global organic solar cells market?

Key Topics Covered:

1. Executive Summary

2. Market Overview

2.1. Introduction

2.2. Market Drivers

2.3. Market Restraints

2.4. Market Opportunities

2.5. Value Chain Analysis

2.6. Porter's Five Forces Analysis

2.7. Company Market Share Analysis

3. Global Organic Solar Cells Market, by Application

3.1. Global Organic Solar Cells Market: Application Overview

3.2. Building Integrated Photovoltaics

3.3. Mobile Applications

3.4. Conventional Solar Applications

3.5. Defense Applications

4. Global Organic Solar Cells Market, by Geography

4.1. Global Organic Solar Cells Market: Geographic Overview

4.2. North America

4.3. Europe

4.4. Asia Pacific

4.5. Latin America

4.6. Middle East & Africa

5. Company Profiles

For more information about this report visit https://www.researchandmarkets.com/r/d051r2

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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ARLINGTON, Va.--(BUSINESS WIRE)--$AVAV--AeroVironment, Inc. (NASDAQ: AVAV), a global leader in intelligent, multi-domain robotic systems, today reported financial results for the fourth quarter and fiscal year ended April 30, 2022.

Fourth Quarter and Fiscal Year Highlights

• Fourth quarter revenue of $132.6 million and record fiscal year 2022 revenues of $445.7 million, primarily due to higher service revenue and recent acquisitions, which more than offset sales declines in some product segments

• Fourth quarter gross margin of $48.6 million and $141.2 million for fiscal 2022

• Fourth quarter net income attributable to AeroVironment of $7.3 million, or $0.29 per diluted share

• Net loss attributable to AeroVironment for fiscal year 2022 of $4.2 million, or $(0.17) per diluted share

“Our team executed well in the fourth quarter enabling the Company to meet our guidance for fiscal 2022, despite ongoing macroeconomic challenges,” said Wahid Nawabi, AeroVironment president and chief executive officer. “We are confident that fiscal 2023 will be a solid organic growth year for the business.

“During the quarter, the Company continued to face supply chain constraints and a tight labor market, but several factors point to strengthening demand and an overall improving outlook. First, the federal government passed its fiscal 2022 omnibus appropriations bill in March, and contract decision-making has begun to accelerate – which, we believe, will continue through the end of September. At the same time, the war in Ukraine has brought increased awareness of our portfolio of innovative solutions, including the highly relevant Switchblade tactical missile system, and we anticipate benefiting from higher order volume going forward.

“We’re proud of our accomplishments in this difficult year and of the assistance we’ve provided to Ukraine and our allies. We still face continuing macroeconomic challenges in operating the business but opportunities abound for our broad portfolio of unmanned robotic solutions. Our products and services enjoy strong bipartisan support in Congress, and we anticipate orders accelerating heading into calendar 2023. An improving mix of hardware sales should also lead to improved bottom line results. Overall, the future looks bright and I’d like to thank our employees, customers and shareholders for their dedication and continued support.”

FISCAL 2022 FOURTH QUARTER RESULTS

Revenue for the fourth quarter of fiscal 2022 was $132.6 million, a decrease of 2% from the fourth quarter of fiscal 2021 revenue of $136.0 million. The decrease in revenue reflects a decrease in product sales of $22.7 million, partially offset by higher service revenue of $19.3 million. The decrease in revenue was primarily due to a decrease in revenue in the Tactical Missile Systems (“TMS”) segment of $19.0 million and the Small Unmanned Aircraft Systems (“Small UAS”) segment of $11.7 million. These decreases were partially offset by an increase in revenue from the Unmanned Ground Vehicles product line of $8.5 million and the Medium Unmanned Aircraft Systems (“MUAS”) segment of $7.2 million, as a result of our acquisitions of Arcturus UAV (“Arcturus”) and Telerob GmbH (“Telerob”) in February and May 2021, respectively, and an increase in the High Altitude Pseudo-Satellite (“HAPS”) segment of $6.0 million and an increase in customer-funded research and development revenue of $5.5 million.

Gross margin for the fourth quarter of fiscal 2022 was $48.6 million, a decrease of 18% from the fourth quarter of fiscal 2021 gross margin of $59.7 million. The decrease in gross margin reflects lower product margin of $14.8 million, partially offset by higher service margin of $3.8 million. As a percentage of revenue, gross margin decreased to 37% from 44%. Gross margin was negatively impacted by $3.9 million of intangible amortization expense and other related non-cash purchase accounting expenses in the fourth quarter of fiscal 2022 as compared to $2.6 million in the fourth quarter of fiscal 2021. With the acquisitions of Arcturus and the Intelligent Systems Group of Progeny Systems Corp. (“ISG”), we experienced a higher proportion of service revenue, which generally has lower gross margins than product sales.

Income from operations for the fourth quarter of fiscal 2022 was $13.0 million, a decrease of $4.8 million from the fourth quarter of fiscal 2021 income from operations of $17.8 million. The decrease in income from operations was primarily the result of a decrease in gross margin of $11.0 million, partially offset by a decrease in research and development (“R&D”) expense of $3.4 million and a decrease in selling, general and administrative (“SG&A”) expense of $2.9 million. SG&A expense included acquisition-related expenses and intangible amortization expense of $4.3 million in the fourth quarter of fiscal 2022 as compared to $6.7 million in the fourth quarter of fiscal 2021. SG&A expense in the fourth quarter of fiscal 2022 also included additional headcount and support costs associated with the acquisition of Telerob.

Other income, net, for the fourth quarter of fiscal 2022 was $5.3 million, as compared to other expense, net of $9.4 million for the fourth quarter of fiscal 2021. The increase in other income, net was primarily due to a legal accrual related to our former EES business recorded in the fourth quarter of fiscal 2021, as compared to a $6.5 million gain related to the sale of the Company’s interest in the HAPSMobile joint venture in the fourth quarter of fiscal 2022.

Provision for income taxes for the fourth quarter of fiscal 2022 was $15.5 million, as compared to a benefit from income taxes of $2.2 million for the fourth quarter of fiscal 2021. The increase in provision for income taxes was primarily due to the increase in income before income taxes.

Equity method investment income, net of tax, for the fourth quarter of fiscal 2022 was $4.4 million, as compared to equity method investment income, net of tax of $0.4 million for the fourth quarter of fiscal 2021.

Net income attributable to AeroVironment for the fourth quarter of fiscal 2022 was $7.3 million, or $0.29 per diluted share, as compared to $10.9 million, or $0.44 per diluted share, for the fourth quarter of fiscal 2021.

Non-GAAP earnings per diluted share was $0.30 for the fourth quarter of fiscal 2022, as compared to $1.04 for the fourth quarter of fiscal 2021.

BACKLOG

As of April 30, 2022, funded backlog (defined as remaining performance obligations under firm orders for which funding is currently appropriated to us under a customer contract) was $210.8 million, as compared to $211.8 million as of April 30, 2021.

FISCAL 2023 — OUTLOOK FOR THE FULL YEAR

For the fiscal year 2023, the Company expects revenue of between $490 million and $520 million, net income of between $11 million and $18 million, Non-GAAP adjusted EBITDA of between $82 million and $92 million, earnings per diluted share of between $0.42 and $0.72 and non-GAAP earnings per diluted share, which excludes amortization of intangible assets, of between $1.35 and $1.65.

The foregoing estimates are forward-looking and reflect management’s view of current and future market conditions, subject to certain risks and uncertainties, and including certain assumptions with respect to our ability to efficiently and on a timely basis integrate our acquisitions, obtain and retain government contracts, changes in the timing and/or amount of government spending, changes in the demand for our products and services, activities of competitors, changes in the regulatory environment, and general economic and business conditions in the United States and elsewhere in the world. Investors are reminded that actual results may differ materially from these estimates.

CONFERENCE CALL AND PRESENTATION

In conjunction with this release, AeroVironment, Inc. will host a conference call today, Tuesday, June 28, 2022, at 4:30 pm Eastern Time that will be webcast live. Wahid Nawabi, chairman, president and chief executive officer, Kevin P. McDonnell, chief financial officer and Jonah Teeter-Balin, senior director corporate development and investor relations, will host the call.

Investors may dial into the call by using the following telephone numbers, (877) 561-2749 (U.S.) or (678) 809-1029 (international) and providing the conference ID 1238926 five to ten minutes prior to the start time to allow for registration.

Investors with Internet access may listen to the live audio webcast via the Investor Relations page of the AeroVironment, Inc. website, http://investor.avinc.com. Please allow 15 minutes prior to the call to download and install any necessary audio software.

A supplementary investor presentation for the fourth quarter and full fiscal year 2022 can be accessed at https://investor.avinc.com/events-and-presentations.

Audio Replay

An audio replay of the event will be archived on the Investor Relations section of the Company's website at http://investor.avinc.com.

ABOUT AEROVIRONMENT, INC.

AeroVironment (NASDAQ: AVAV) provides technology solutions at the intersection of robotics, sensors, software analytics and connectivity that deliver more actionable intelligence so you can Proceed with Certainty. Headquartered in Virginia, AeroVironment is a global leader in intelligent, multi-domain robotic systems, and serves defense, government and commercial customers. For more information, visit www.avinc.com.

FORWARD-LOOKING STATEMENTS

This press release contains "forward-looking statements" as that term is defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate or imply future results, performance or achievements, and may contain words such as “believe,” “anticipate,” “expect,” “estimate,” “intend,” “project,” “plan,” or words or phrases with similar meaning. Forward-looking statements are based on current expectations, forecasts and assumptions that involve risks and uncertainties, including, but not limited to, economic, competitive, governmental and technological factors outside of our control, that may cause our business, strategy or actual results to differ materially from the forward-looking statements.

Factors that could cause actual results to differ materially from the forward-looking statements include, but are not limited to, the impact of our recent acquisitions of Arcturus UAV, Telerob and ISG and our ability to successfully integrate them into our operations; the risk that disruptions will occur from the transactions that will harm our business; any disruptions or threatened disruptions to our relationships with our distributors, suppliers, customers and employees, including shortages in components for our products; the ability to timely and sufficiently integrate international operations into our ongoing business and compliance programs; reliance on sales to the U.S. government and related to our development of HAPS UAS; availability of U.S. government funding for defense procurement and R&D programs; changes in the timing and/or amount of government spending; our ability to perform under existing contracts and obtain new contracts; risks related to our international business, including compliance with export control laws; potential need for changes in our long-term strategy in response to future developments; the extensive regulatory requirements governing our contracts with the U.S. government and international customers; the consequences to our financial position, business and reputation that could result from failing to comply with such regulatory requirements; unexpected technical and marketing difficulties inherent in major research and product development efforts; the impact of potential security and cyber threats or the risk of unauthorized access to our, our customers’ and/or our suppliers’ information and systems; changes in the supply and/or demand and/or prices for our products and services; increased competition; uncertainty in the customer adoption rate of commercial use unmanned aircraft systems; failure to remain a market innovator, to create new market opportunities or to expand into new markets; unexpected changes in significant operating expenses, including components and raw materials; failure to develop new products or integrate new technology into current products; unfavorable results in legal proceedings; our ability to respond and adapt to unexpected legal, regulatory and government budgetary changes, including those resulting from the ongoing COVID-19 pandemic, such as supply chain disruptions, vaccine mandates, the threat of future variants and potential governmentally-mandated shutdowns, quarantine policies, travel restrictions and social distancing, curtailment of trade, diversion of government resources to non-defense priorities, and other business restrictions affecting our ability to manufacture and sell our products and provide our services; our ability to comply with the covenants in our loan documents; our ability to attract and retain skilled employees; the impact of inflation; and general economic and business conditions in the United States and elsewhere in the world; and the failure to establish and maintain effective internal control over financial reporting. For a further list and description of such risks and uncertainties, see the reports we file with the Securities and Exchange Commission. We do not intend, and undertake no obligation, to update any forward-looking statements, whether as a result of new information, future events or otherwise.

NON-GAAP MEASURES

In addition to the financial measures prepared in accordance with generally accepted accounting principles (GAAP), this earnings release also contains non-GAAP financial measures. See in the financial tables below the calculation of these measures, the reasons why we believe these measures provide useful information to investors, and a reconciliation of these measures to the most directly comparable GAAP measures.

Jonah Teeter-Balin
+1 (805) 520-8350 x4278
https://investor.avinc.com/contact-us

Newly formed entity includes the recently completed acquisition of ANPAC portfolio of 11 run-of-river hydroelectric plants as well as the existing Cerro Dominador plants

Platform is well positioned to support the energy transition in Chile with innovative projects providing renewable energy 24/7

WASHINGTON & SANTIAGO, Chile--(BUSINESS WIRE)--EIG, an institutional investor to the global energy sector and one of the world’s leading infrastructure investors, today launched Grupo Cerro, a new renewable energy platform in Chile. The newly formed entity includes EIG-owned Cerro Dominador plants and the recently acquired ANPAC, the owner of a portfolio of 11 small and medium run-of-river hydroelectric power plants in the O’Higgins, El Maule, Bio Bio and La Araucania regions. The 110 MW ANPAC portfolio includes operating plants and projects at various stages of construction and development in both the spot and stabilized-tariff markets.

Following the acquisition, Grupo Cerro now manages over 280 MW of installed capacity in Chile, including the Cerro Dominador Photovoltaic (PV) and Concentrated Solar Power (CSP) plants. The group’s portfolio also includes several projects in advanced phases of construction and development, including the Likana Solar complex, one of the largest CSP projects in the world with a capacity of 690 MW, Pampa Union, a 600 MW PV power plant, as well as more than 40 MW of run-of-river hydroelectric power plants.

R. Blair Thomas, EIG’s Chairman and CEO, said, “The transaction is expected to provide portfolio synergies, create operating efficiencies and enhance technological and geographic diversification for Grupo Cerro. After the completion and synchronization of the ground-breaking Cerro Dominador solar power plant in 2021, the first CSP project in Latin America, this transaction marks another significant milestone in our strategy to invest in high-quality assets, best-in-class teams and energy infrastructure supporting the energy transition in Chile.”

Fernando Gonzalez, CEO of Grupo Cerro, said, “This transaction advances our commitment to Chile’s growth. These plants, combined with our Likana Solar and Pampa Union projects now under development, will help diversify our renewable energy portfolio geographically to be able to further secure low-cost renewable energy production for the Chilean market and continue supplying clean power throughout the country 24 hours a day.”

About EIG

EIG is a leading institutional investor to the global energy sector with $25.0 billion under management as of March 31, 2022. EIG specializes in private investments in energy and energy-related infrastructure on a global basis. During its 40-year history, EIG has committed over $40.0 billion to the energy sector through more than 380 projects or companies in 38 countries on six continents. EIG’s clients include many of the leading pension plans, insurance companies, endowments, foundations and sovereign wealth funds in the U.S., Asia and Europe. EIG is headquartered in Washington, D.C. with offices in Houston, London, Sydney, Rio de Janeiro, Hong Kong and Seoul. For additional information, please visit EIG’s website at www.eigpartners.com.

About Grupo Cerro

Grupo Cerro is a newly formed renewable energy company which aims to build a sustainable future by providing the Chilean system and customers clean, manageable power 24 hours a day. The company manages a portfolio of more than 280 MW of operating projects throughout Chile and a 1.3 GW development pipeline.

Media Contacts:

EIG
FGS Global
Kelly Kimberly / Brandon Messina
+1 212-687-8080
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Cerro Dominador
María José López
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HR & Corporate Affairs Director

HAMILTON, Bermuda--(BUSINESS WIRE)--The OIL Group of Companies announces a major rebrand and reveals the new names of its operating companies. Effective today, Oil Insurance Limited (OIL) will be called Everen and Oil Casualty Insurance, Ltd. (OCIL) will be called Everen Specialty. The new brands have been created to better reflect the companies’ steadfast dedication to their existing members and to show their commitment to adapting to the overall direction of the continuously evolving energy sector.

The current composition of the Group’s member companies and the breadth of their operations were at the forefront of the rebranding decision for Boards and shareholders alike. The structure of the renaming was purposely selected to reflect the continued close relationship between the two companies and their shareholder base.

Bertil Olsson, President & CEO of the group of companies, says, “It was important for this rebrand to reflect our current membership and our vision for energy technologies of today and tomorrow. OIL recently celebrated 50 years in business and OCIL’s history expands over 35 years, and while we are extremely proud of that legacy, we must continue to evolve and reposition the brands with our long-term strategic plans involving both traditional and new energy sources.”

The name Everen, shared by the group of companies, was constructed by combining the words ‘ever’ and ‘energy’. The amalgamation of the two words defines the ever-changing landscape of the industry and represents the companies’ continued support of traditional assets and their commitment to growing with advancing technologies. The Group will now be referred to as Everen Group and the two operating companies, Everen Limited and Everen Specialty Ltd. remain as separate entities.

Olsson adds, “Our new brands reflect our ongoing commitment to providing enduring cornerstone capacity, underwriting expertise, financial strength and operating excellence across our underwriting platforms for the benefits of our shareholders, insureds and re-insureds. With our new strategic plans and brands in place, Everen and Everen Specialty are ideally positioned for growth and success not only today but also well into the future.”

The Chair of Everen Limited, John Weisner, commented, “With the rapid changes in the energy industry and insurance markets, keeping pace with these changes and adapting the organization to maintain our leading position is incredibly important and the new brand clearly demonstrates our commitment to execute on the key objectives under our strategic plan.”

John Talarico, Chair of Everen Specialty Ltd., added, “The new brand shows commitment to long-term relationships with our partners across the property, casualty and reinsurance segments of our business and better reflects the diversity of our book which continues to grow and evolve.”

The company names change as of today, and the rebrand will continue to be rolled out in phases. In the coming months, the Everen Group will introduce new logos and visual identities.

Bertil C. Olsson
President & CEO
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+1 (441) 295-0905

Wells Fargo, MUFG , Silicon Valley Bank to provide $58.5 million Green Loan construction financing and J.P. Morgan to provide $62.5mm tax equity investment for solar and BESS facility

100-megawatt solar facility and 20 MW/50MWh storage facility to provide energy to CCCE and SVCE

DALLAS--(BUSINESS WIRE)--Leeward Renewable Energy (“LRE” or “Company”) today announced that it has closed $58.5 million in construction financing and secured tax equity commitments for its Rabbitbrush Solar Facility located in Kern County, California. Wells Fargo served as the administrative agent on the construction financing, and Silicon Valley Bank and MUFG served as joint lead arrangers. Wells Fargo served as Green Structuring Agent, and Wells Fargo, Silicon Valley Bank and MUFG also were the bookrunners, and the debt was issued under the Green Loan Principles, which aims to facilitate and support environmentally sustainable economic activity. J.P. Morgan provided approximately $12.5 million in tax equity financing and has agreed to invest an additional approximately $50 million once the project is operational, which is expected to occur in August 2022.

The Rabbitbrush Solar Project is currently under construction and, when completed, will have a solar generation capacity of 100 megawatts (MW) and the project also integrates a 20 MW, 50 MWh battery energy storage system (BESS), which will bolster the resiliency and reliability of the California energy grid. The project utilizes 415,000 photovoltaic modules provided by U.S.-based First Solar. Construction for the project has generated roughly 300 new union jobs under a project labor agreement.

“We are pleased to have secured financing for the Rabbitbrush facility, which will be LRE’s first financing for a solar and BESS facility,” commented Chris Loehr, LRE Chief Financial Officer. “This is the first of many LRE solar and BESS financings to come as we build out the contracted pipeline in 2022 and 2023. We appreciate the strong support from our offtake partners and participating financial institutions, and we look forward to working together throughout the lifecycle of the Rabbitbrush project.”

Energy generated by the project will be provided to not-for-profit, community-owned electricity providers Central Coast Community Energy (CCCE) and Silicon Valley Clean Energy (SVCE) through two previously announced 15-year power purchase agreements (PPAs). When fully operational, Rabbitbrush will generate enough clean solar energy to serve the needs of nearly 40,000 homes per year, displacing approximately 48,000 metric tons of carbon dioxide annually.

About Leeward Renewable Energy, LLC

Leeward Renewable Energy (LRE) is a leading renewable energy company that owns and operates a portfolio of 22 renewable energy facilities across nine states totaling approximately 2,000 megawatts of generating capacity. LRE is actively developing and contracting new wind, solar, and energy storage projects in energy markets across the U.S., with 1.9 gigawatts contracted and 20 gigawatts under development and construction spanning over 100 projects. LRE is a portfolio company of OMERS Infrastructure, an investment arm of OMERS, one of Canada’s largest defined benefit pension plans with C$121 billion in net assets (as at December 31, 2021). For more information, visit www.leewardenergy.com.

Kelly Kimberly
713.822.7538
Liz James
281.881.5170
Sard Verbinnen & Co.
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CALGARY, Alberta--(BUSINESS WIRE)--Imperial (TSE: IMO, NYSE American: IMO) today announced that together with ExxonMobil Canada, it has entered into an agreement with Whitecap Resources Inc. for the sale of XTO Energy Canada, which is jointly owned by Imperial and ExxonMobil Canada, for a total cash consideration of $1.9 billion ($940 million Imperial’s share). The sale is expected to close before the end of the third quarter 2022, subject to regulatory approvals.

The sale completes the marketing effort announced in January 2022, and is consistent with Imperial’s strategy to focus upstream resources on key oil sands assets and its commitment to deliver long-term value to shareholders.

The assets include 567,000 net acres in the Montney shale, 72,000 net acres in the Duvernay shale and additional acreage in other areas of Alberta. Net production from these assets is about 140 million cubic feet of natural gas per day and about 9,000 barrels of crude, condensate and natural gas liquids per day.

RBC Capital Markets acted as exclusive financial advisor to Imperial and ExxonMobil Canada in connection with the transaction.

After more than a century, Imperial continues to be an industry leader in applying technology and innovation to responsibly develop Canada’s energy resources. As Canada’s largest petroleum refiner, a major producer of crude oil, a key petrochemical producer and a leading fuels marketer from coast to coast, our company remains committed to high standards across all areas of our business.

Cautionary statement: Statements of future events or conditions in this release, including projections, targets, expectations, estimates, and business plans are forward-looking statements. Forward-looking statements in this release include references to the expected close of the sale before the end of the third quarter 2022, and the company’s strategy to focus upstream resources on key oil sands assets and its commitment to deliver long-term value to shareholders.

Forward-looking statements are based on the company's current expectations, estimates, projections and assumptions at the time the statements are made. Actual future financial and operating results, including expectations and assumptions concerning demand growth and energy source, supply and demand mix; general market conditions; commodity prices; receipt of third party and regulatory approvals in a timely manner; operations continuing as normal prior to close of the sale; capital and environmental expenditures; the adoption and impact of new facilities or technologies on unconventional development; applicable laws and government policies and actions, including climate change and restrictions in response to COVID-19; and progression of COVID-19 and its impacts on Imperial’s ability to operate its assets could differ materially depending on a number of factors. These factors include global, regional or local changes in supply and demand for oil, natural gas, and petroleum products and resulting price, differential and margin impacts; general economic conditions, including the severity, length and ultimate impact of COVID-19 on people and economies; the receipt, in a timely manner, of regulatory and third-party approvals; environmental risks inherent in oil and gas exploration and production activities; operational hazards and risks; unanticipated technical or operational difficulties; availability and allocation of capital; political or regulatory events, including changes in law or government policy; reservoir performance; environmental regulation, including climate change and greenhouse gas regulation and changes to such regulation; unexpected technological developments; and other factors discussed in Item 1A risk factors and Item 7 management’s discussion and analysis of financial condition and results of operations of Imperial’s most recent annual report on Form 10-K and subsequent interim reports on Form 10-Q.

Forward-looking statements are not guarantees of future performance and involve a number of risks and uncertainties, some that are similar to other oil and gas companies and some that are unique to Imperial Oil Limited. Imperial’s actual results may differ materially from those expressed or implied by its forward-looking statements and readers are cautioned not to place undue reliance on them. Imperial undertakes no obligation to update any forward-looking statements contained herein, except as required by applicable law.

Source: Imperial

Investor relations
(587) 476-4743

Media relations
(587) 476-7010

Carrier recognized for its exceptional service

GREEN BAY, Wis.--(BUSINESS WIRE)--Schneider (NYSE: SNDR), a premier multimodal provider of transportation, intermodal and logistics services is honored to have been named 2021 Dedicated Traditional Operation Carrier of the Year by budget retailer Dollar General.

"We are thrilled to be recognized by Dollar General for our continued dedication to superior service,” said Schneider Senior Vice President of Van Truckload John Bozec. “By working together, our relations continue to strengthen and create the best business outcomes.”

The award recognizes the operation with the highest combined service level, driver utilization and capacity goal across the Dry Goods Dollar General Network, which includes over 40 individual operations.

“Outside of the metrics, we also see a relentless dedication to our business from Schneider associates and drivers – from executive leadership at headquarters, to the field, to the distribution center,” said Director of Outbound Transportation for Dollar General, Blake Reasons.

Schneider offers a range of services to meet unique supply chain needs. To learn more about Schneider’s broad portfolio of transportation and logistics services, visit: https://schneider.com/our-services.

About Schneider

Schneider is a premier multimodal provider of transportation, intermodal and logistics services. Offering one of the broadest portfolios in the industry, Schneider’s solutions include Regional and Long-Haul Truckload, Expedited, Dedicated, Bulk, Intermodal, Brokerage, Warehousing, Supply Chain Management, Port Logistics and Logistics Consulting.

With $5.6 billion in annual revenue, Schneider has been safely delivering superior customer experiences and investing in innovation for over 85 years. The company’s digital marketplace, Schneider FreightPower®, is revolutionizing the industry giving shippers access to an expanded, highly flexible capacity network and provides carriers with unmatched access to quality drop-and-hook freight – Always Delivering, Always Ahead.

For more information about Schneider, visit Schneider.com or follow the company socially on Facebook, LinkedIn and Twitter: @WeAreSchneider.

Source: Schneider SNDR

Kara Leiterman, Media Relations Manager
M 920-370-7188
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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, is requesting that shareholders vote on the proposals contained within its Proxy filing prior to the Annual Meeting of Stockholders on June 30, 2022. Stockholders are able to cast their votes until 11:59 PM Eastern time on June 29, 2022.

The Annual Meeting of Stockholders was originally scheduled for June 14, 2022, but was adjourned until June 30, 2022 to allow stockholders additional time to vote. Romeo Power is strongly encouraging participation from all investors, irrespective of position size, in the voting process. Each shareholder’s participation and vote aids the Company in avoiding costly additional adjournments and solicitations. Participation also ensures that each shareholder’s voice is heard on critical matters. Each proposed initiative is targeted to both grow and drive value for both the Company and its shareholders.

Voting Instructions

The items of which stockholders are being asked to vote on can be found in Romeo’s Proxy filing, available online under the SEC Filings section of the Company’s website at https://investors.romeopower.com/financials/sec-filings/default.aspx as well as in the Securities and Exchange Commission’s (SEC) EDGAR website at www.SEC.gov under the ticker symbol RMO. A majority of the votes received have been cast in favor of all proposals. However, while the approval rate for Proposal 6 was approximately 84% at the original Annual Meeting of Shareholders, there was not a sufficient quantity of individual votes cast necessary to approve Proposal 6, despite the significantly high approval rate. Romeo Power would like to emphasize the importance of Proposal 6 for the Company to continue to access necessary capital to fund its ongoing operations and pursue the key objectives to grow our business and drive value for shareholders.

In order for your vote to be represented, the Company must receive your voting instructions. For your convenience, please use any of the following methods to submit your vote:

1. By Internet - Follow the simple instructions on your proxy card.
2. By Touchtone - Call the toll-free number located on your proxy card and follow the simple instructions.
3. By Contacting a Proxy Solicitor Partner
   • Okapi Partners: (877) 274-8654
   • Mackenzie Partners: (800) 322-2885

If possible, please use either of the first two options to ensure your vote is captured in time for the meeting. Even if it is past the indicated deadline, the Company asks you to please submit your vote. If you have any questions, please call toll free either of our proxy solicitors, Okapi Partners at 1-877-274-8654 or MacKenzie Partners at 1-800-322-2885. Representatives are available Monday - Friday 9:00 am to 9:00 pm (ET) and Saturday, 10:00 am to 5:00 pm (ET).

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.

Source: Romeo Power Inc.

For Investors:
Joe Caminiti or Ashley Gruenberg
Alpha IR Group
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312-445-2870

Power Generation Industry Veteran Brings 30+ Years of Know-How to New Role Overseeing Operations of IPSC’s Facilities Across the United States

ALISO VIEJO, Calif.--(BUSINESS WIRE)--#DER--IHI Power Services Corp. (IPSC), a leading owner and operator of power plants across the U.S., is pleased to welcome a new executive to its team of power generation experts. Kurt M. Hook, an energy industry veteran with over 30 years of leadership savvy and hands-on experience in plant operations, will assume the position of senior vice president of operations as of July 5, 2022.

Hook brings extensive power industry experience to his new role and has held various executive-level positions with the likes of PIC Group, Ethos Energy and Wood Group over the course of his impressive career. With a direct focus on O&M and leadership, his background and in-depth understanding of the energy sector were key drivers of the organization’s decision to select him for the position.

“IPSC is an organization that has been making a splash in our sector for quite some time, so when I was approached, the opportunity to flex my knowledge and practical experience in O&M leadership was too good to pass up,” said Hook. “I’m eager to hit the ground running and work alongside this outstanding team to help even more facilities, as well as our own internal organization, run at the most optimal level.”

As SVP of operations, Hook will be responsible for overseeing all aspects of operations and maintenance for each facility in IPSC’s diverse power plant portfolio, spearheading topline day-to-day organizational operations; further expanding IPSC’s remote operating center capabilities; lending leadership and direction to the management team to ensure alignment on the company’s strategic goals and objectives; and more.

“As we continue on our exciting growth trajectory in 2022 and beyond, we have placed a high priority on expanding our executive team with visionaries who will differentiate IPSC’s suite of service offerings from the pack,” said IPSC chief operations officer and soon to be CEO, John R. Keller. “This is one of the many reasons we asked Kurt Hook to come on board. Not only does he bring a wealth of energy industry leadership experience, but he also has a deep-rooted, practical background in plant management, O&M, and delivering for investors, so he will excel in every aspect of this role. I think I can speak for everyone on our team when I say we are eager for Kurt to officially join the ranks at IPSC and know he will continue elevating IPSC’s operational excellence and enhancing value for our customers.”

To learn more, visit: www.ihipower.com.

ABOUT IHI POWER SERVICES CORP: IHI Power Services Corp.’s (IPSC) parent company, IHI Corporation, based in Tokyo, Japan, is a heavy industrial manufacturing and services company. The company is active in several industries, including aerospace, shipbuilding, power generation, automotive and transportation infrastructure. IPSC was specifically formed to provide operations, maintenance, management and power plant support services to the U.S. power generation industry. The IPSC team of energy professionals delivers value-added service based on expertise gleaned through years of hands-on experience in the power generation industry. As an owner and operator, IPSC and its team of over 500 employees understands that minimizing operational risks and maximizing asset value while maintaining a safe work setting that is environmentally compliant is key to the success of every facility. By instituting proven programs, industry best practices and upholding the company’s guiding principles of growth, respect, accountability, integrity and lack of limitation, IPSC provides world-class service to each of the more than 40 facilities and 12.7 gigawatts it manages. For more information, visit www.ihipower.com and follow IPSC on LinkedIn.

Leslie Licano, Beyond Fifteen Communications, Inc.
This email address is being protected from spambots. You need JavaScript enabled to view it. | 949-733-8679 x 101

IRVING, Texas--(BUSINESS WIRE)--ExxonMobil said today that its Canadian affiliates, Imperial and ExxonMobil Canada, have entered into an agreement with Whitecap Resources Inc. for the sale of XTO Energy Canada, which is jointly owned by Imperial and ExxonMobil Canada.

The sale, for a total cash consideration of about U.S. $1.47 billion, is expected to close before the end of the third quarter, subject to regulatory approvals.

The sale completes the marketing effort announced in January, and is consistent with ExxonMobil’s strategy to focus upstream resources on key assets to deliver long-term value to shareholders.

The assets include 567,000 net acres in the Montney shale, 72,000 net acres in the Duvernay shale and additional acreage in other areas of Alberta. Net production from these assets is about 140 million cubic feet of natural gas per day and about 9,000 barrels per day of crude, condensate and natural gas liquids.

RBC Capital Markets acted as exclusive financial advisor to Imperial and ExxonMobil Canada in connection with the transaction.

About ExxonMobil

ExxonMobil, one of the largest publicly traded international energy and petrochemical companies, creates solutions that improve quality of life and meet society’s evolving needs.

The corporation’s primary businesses - Upstream, Product Solutions and Low Carbon Solutions - provide products that enable modern life, including energy, chemicals, lubricants, and lower-emissions technologies. ExxonMobil holds an industry-leading portfolio of resources, and is one of the largest integrated fuels, lubricants and chemical companies in the world. To learn more, visit exxonmobil.com and the Energy Factor.

Follow us on Twitter and LinkedIn.

Cautionary Statement

Statements of future events or conditions in this release are forward-looking statements. Actual future results, including closing of agreed divestments and realization of payments; performance of and results from other investments; and other business plans, could vary significantly depending on a number of factors including the supply and demand for oil, gas, and petroleum products and other market factors affecting the oil, gas, and petrochemical industries; the severity, length and ultimate impact of COVID-19 on people and economies and actions of governments in response to the pandemic; obtaining necessary approvals and consents and satisfaction of other conditions precedent contained in the applicable agreements; the development and competitiveness of alternative technologies; actions of competitors and commercial counterparties; political and regulatory developments including environmental regulations; and other factors discussed in this release and under Item 1A Risk Factors in ExxonMobil’s most recent annual report on Form 10-K and under the heading “Factors Affecting Future Results” on the Investors page of our website at exxonmobil.com.

Exxon Mobil Corporation has numerous affiliates, many with names that include ExxonMobil, Exxon, Mobil, Esso, and XTO. For convenience and simplicity, those terms and terms such as Corporation, company, our, we, and its are sometimes used as abbreviated references to specific affiliates or affiliate groups. Nothing contained herein is intended to override the corporate separateness of affiliated companies.

ExxonMobil Media Relations
(972) 940-6007

DUBLIN--(BUSINESS WIRE)--The "Europe Solar Power Equipment Market Size, Share & Industry Trends Analysis Report By Equipment, By Application, By Country and Growth Forecast, 2021-2027" report has been added to ResearchAndMarkets.com's offering.

The Europe Solar Power Equipment Market is expected to witness market growth of 10.7% CAGR during the forecast period (2021 2027).

Solar panels are low-maintenance and can last for more than 30 years. Batteries can be used to store extra power for use at night. Solar energy has also benefited industries in improving their environmental profiles and lowering their operational expenses by allowing them to adopt it. The cost of solar equipment has decreased due to a significant number of technological developments, making it more affordable to household consumers. Additionally, technological improvements such as the advent of smart tracking systems have improved the efficiency of these solar power systems dramatically. Moreover, as fossil fuel reserves deplete, effective utilization of renewable energy sources has become a fundamental requirement.

In emerging markets, new solar power projects are launched and developed at a quick speed. The market for solar power equipment is likely to benefit greatly from greater emphasis on the usage of environment-friendly and green energy. All of these factors is expected to drive the solar power equipment market.

According to the data shared by the European Commission, solar power already provides a major contribution to the European energy mix with 3.6 percent of EU-28 total electricity generation in 2017. Solar power can become a major source of renewable energy in this region, with lower generation costs and more efficiency in converting sunshine to energy. In addition, Photovoltaics concentrated solar power, and solar heating and cooling are becoming the major focus of research and development. Solar-powered solutions for the generation of home hot water, district heating, as well as industrial or commercial uses are being developed through EU research and innovation.

As per the Department for Business, Energy, and Industrial Strategy, between 2019 and 2020, a solar generation grew by 4.6%. The biggest rise of 5.2% occurred in England, followed by minor increases of 1.3% in Wales and by 0.3% in Scotland. These increases were fueled by a 1.8% rise in de-rated solar capacity across the UK in comparison to 2019, as well as a slight increase in sun hours within the county.

The German market dominated the Europe Solar Power Equipment Market by Country in 2020, and is expected to continue to be a dominant market till 2027; thereby, achieving a market value of $11,717 Million by 2027. The UK market is experiencing a CAGR of 11.6% during (2021 - 2027). Additionally, the French market is expected to witness a CAGR of 11.6% during (2021 - 2027).

Market Segments Covered in the Report:

By Equipment

• Solar Panels
• Mounting, Racking, & Tracking System
• Storage System

By Application

• Utility
• Residential
• Non-Residential

By Country

• Germany
• UK
• France
• Russia
• Spain
• Italy
• Rest of Europe

List of Companies Profiled in the Report:

• Canadian Solar
• First Solar
• Hanwha Q CELLS
• LONGi Green Energy Technology
• SunPower
• Shunfeng International Clean Energy
• Jinko Solar Holding
• Trina Solar
• JA Solar Holdings
• ABB Group

   

Key Topics Covered:

Chapter 1. Market Scope & Methodology

Chapter 2. Market Overview

2.1 Introduction

2.1.1 Overview

2.1.1.1 Market Composition and Scenario

2.2 Key Factors Impacting the Market

2.2.1 Market Drivers

2.2.2 Market Restraints

Chapter 3. Competition Analysis - Global

3.1 Publisher Cardinal Matrix

3.2 Recent Industry Wide Strategic Developments

3.2.1 Partnerships, Collaborations and Agreements

3.2.2 Product Launches and Product Expansions

3.2.3 Acquisition and Mergers

3.2.4 Business Expansions

3.2.5 Geographical Expansions

3.3 Top Winning Strategies

3.3.1 Key Leading Strategies: Percentage Distribution (2017-2021)

3.3.2 Key Strategic Move: (Product Launches and Product Expansions: 2020, Feb - 2022, Feb) Leading Players

Chapter 4. Europe Solar Power Equipment Market by Equipment

4.1 Europe Solar Panels Market by Country

4.2 Europe Mounting, Racking, & Tracking System Market by Country

4.3 Europe Storage System Market by Country

4.4 Europe Others Market by Country

Chapter 5. Europe Solar Power Equipment Market by Application

5.1 Europe Utility Market by Country

5.2 Europe Residential Market by Country

5.3 Europe Non-Residential Market by Country

Chapter 6. Europe Solar Power Equipment Market by Country

6.1 Germany Solar Power Equipment Market

6.2 UK Solar Power Equipment Market

6.3 France Solar Power Equipment Market

6.4 Russia Solar Power Equipment Market

6.5 Spain Solar Power Equipment Market

6.6 Italy Solar Power Equipment Market

6.7 Rest of Europe Solar Power Equipment Market

Chapter 7. Company Profiles

For more information about this report visit https://www.researchandmarkets.com/r/axt4jm

About ResearchAndMarkets.com

ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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Itron’s Customer Event Brings Energy Experts Together Virtually to Unlock Innovation and Drive the Industry Forward

LIBERTY LAKE, Wash.--(BUSINESS WIRE)--#Innovation--Itron, Inc. (NASDAQ: ITRI), which is innovating the way utilities and cities manage energy and water, announced that its annual event, Itron Inspire APAC 2022, will take place virtually July 26-27, 2022. The customer-focused event will feature a lineup of engaging sessions facilitated by industry leaders highlighting current trends, use cases, customer and consumer experiences, benefits realized and more.

“We are delighted to host our second regional Itron Inspire APAC conference for customers, partners and prospects in the Asia-Pacific region,” said Marina Donovan, vice president of global marketing and public affairs at Itron. “We recognize how invaluable it is to come together as an industry to share lessons, discuss insights and tackle challenges. Together with our customers and partners, we look forward to showcasing how more intelligence leads to more possibilities and enables our industry to face its most pressing challenges, including aging infrastructure, an influx of distributed energy resources and increased consumer expectations.”

“Itron Inspire APAC is focused on gathering utilities, cities and thought leaders together to address industry challenges, improve operations and transform the industry,” said Paul Nelsen, vice president of sales, APAC at Itron. “We couldn’t be more excited to continue the conversation from last year’s event and to open the door to more opportunities with our valued customers and partners in the APAC region.”

Itron Inspire APAC 2022 will be offered virtually and at no charge. All content and subtitles will be in English. After the event, content will be available on demand until Wednesday, Aug. 24, 2022.

What: Itron Inspire APAC 2022 includes a lineup of industry-led breakout sessions about trends and best practices; insightful keynotes from industry leaders; engaging and thought-provoking panels; and an interactive product showcase of Itron solutions.

When: July 26-27, 2022

Where: Online

Sessions: Keynote and featured sessions include:

• Opening Keynote: More Intelligence, More Possibilities with Tom Deitrich
• Breakout Sessions: Tailored breakout sessions provide the opportunity to learn from industry peers and Itron employees who have a firsthand understanding of the issues at play. Among the topics that will be covered are:
  • Path to the Truth: Realizing Operational Efficiency with IE
  • The Journey to AEMO’s Five-Minute Settlement Rule
  • Seeking Flexibility and Interoperability Beyond Traditional AMI
  • Leveraging Digital Twin Technology to Integrate EV Infrastructure
  • Sustainable Transformation through Next Generation AMI
  • Distributed Intelligence: Pioneering the Vision & Realizing the Future
  • DER in Australia: The Clear and Present Challenges
  • Challenges and the Journey Towards Effective Integrated Water Management Solutions
  • Accelerating Operational Excellence with Load Forecasting
  • Water Operations Management
  • Digital Utilities: Beyond the AMI Network
  • Building and Delivering the Value of a Smart City
• Closing Keynote: Itron Inspire APAC 2022, Paul Nelsen

To keep up with live updates throughout the conference, read the Itron blog and follow Itron and #ItronInspireAPAC22 on social media. There is no charge to attend and event registration is open for Itron customers, prospects and partners. For more information, visit the Itron Inspire APAC landing page.

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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BWRX-300 small modular reactor technology chosen after four-year evaluation process

SASKATOON, Saskatchewan, Canada--(BUSINESS WIRE)--The GE Hitachi Nuclear Energy (GEH) BWRX-300 small modular reactor (SMR) has been selected by SaskPower for potential deployment in the mid-2030s.

“We are excited that SaskPower has chosen the BWRX-300 for the generation of carbon-free electricity,” said Jay Wileman, President & CEO, GEH. “The BWRX-300 is the ideal SMR technology solution for SaskPower and customers that want to make an impact on climate change and energy security in a meaningful timeframe. There is the potential for great synergy between the work we plan to do with SaskPower and the ongoing work with Ontario Power Generation (OPG). OPG is expected to submit a construction license application this year, a major step toward the deployment of the first BWRX-300. Decades of design and licensing experience coupled with our proven and existing fuel supply chain make BWRX-300 the leading SMR solution.”

“This is an important milestone as Saskatchewan works towards a cleaner, more sustainable future,” said Don Morgan, Minister responsible for SaskPower. “Conducting an independent and comprehensive evaluation while also collaborating with the other provinces on the SMR Strategic Direction has been extremely valuable in reaching this important milestone to potentially bring nuclear power to Saskatchewan.”

In December 2021, GEH was chosen by Ontario Power Generation (OPG) as technology partner for the Darlington New Nuclear Project. GEH is working with OPG to deploy a BWRX-300 at the Darlington site that could be complete as early as 2028.

“Canada has a robust nuclear energy supply chain that we look forward to continuing to build to support the global deployment of the BWRX-300,” said Lisa McBride, Country Leader, GEH SMR Technologies Canada, Ltd. (GEH SMR Canada).

In July 2021, GEH and Cameco Corporation announced a collaboration through which the companies would explore areas of cooperation to advance the commercialization of the BWRX-300. In May 2022, GEH SMR Canada and the Saskatchewan Industrial and Mining Supplier’s Association (SIMSA) agreed to cooperate to support the potential deployment of the BWRX-300 in Saskatchewan.

Advanced nuclear technologies like the BWRX-300 are a key pillar of GE’s energy transition leadership. The BWRX-300 produces no carbon during operation and has been designed to achieve construction and operating costs that are substantially lower than traditional nuclear power generation technologies. Specifically, the BWRX-300 leverages a unique combination of a new, patented safety breakthrough, proven components, the licensing basis of the U.S. NRC-certified ESBWR and the existing, licensed GNF2 fuel design. This unique combination positions GEH to deliver an innovative, carbon-free baseload power generation source this decade.

GE’s support for the Canadian nuclear industry dates to the early 1950s. The company helped build the first Canadian nuclear power plant, the Nuclear Power Demonstration (NPD) reactor that became the basis for the CANDU fleet.

There is significant and growing global interest in the BWRX-300. In addition to Canada, GEH has memoranda of understanding or other agreements in place with companies in the U.S., Poland, Sweden, Estonia and the Czech Republic, among others, to explore deployment of the technology.

About GE Hitachi Nuclear Energy

GE Hitachi Nuclear Energy (GEH) is a world-leading provider of advanced reactors and nuclear services. Established in 2007, GEH is a global nuclear alliance created by GE and Hitachi to serve the global nuclear industry. The nuclear alliance executes a single, strategic vision to create a broader portfolio of solutions, expanding its capabilities for new reactor and service opportunities. The alliance offers customers around the world the technological leadership required to effectively enhance reactor performance, power output and safety. Follow GEH on LinkedIn and Twitter.

About GEH SMR Canada

Based in Ontario, GEH SMR Technologies Canada, Ltd. (GEH SMR Canada) is supporting the deployment of the BWRX-300 in Canada through collaboration with Canadian customers, stakeholders, suppliers and partners.

Jon Allen
GE Hitachi Nuclear Energy
+1 910 819 2581
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Critical Storage Infrastructure to Support the UK Power System

Uskmouth will be one of the largest storage projects in the UK and will directly support the UK’s energy transition.

LONDON--(BUSINESS WIRE)--Quinbrook Infrastructure Partners ("Quinbrook"), a specialist investment manager focused on renewables, storage and grid support infrastructure has acquired the exclusive development rights for one of the UK’s largest battery storage projects to date.

The planned 230MW / 460MWh Battery Energy Storage System (“BESS”), will be located at the site of the former Uskmouth coal fired power station in south Wales (“Project Uskmouth”) and will seek to utilise existing power transmission infrastructure and provide a new lease of life to the area. Uskmouth was acquired from Simec Atlantis Energy Limited (“SAE”). Quinbrook has partnered with Energy Optimisation Solutions Limited (“EOS”) in the origination and development of Project Uskmouth, which represents a major anchoring project in the planned re-development and regeneration of the Uskmouth site into a Sustainable Energy Park that will support innovative future industry. Quinbrook considers these types of regeneration projects as key to making meaningful contributions to delivery of the Government’s Levelling Up ambitions.

Quinbrook affiliate Private Energy Partners Limited (“PEP”) and EOS are jointly undertaking the design and development phases of Project Uskmouth with PEP leading equipment procurement, construction and operational management. Habitat Energy, one of the major battery storage optimisers in the UK market owned by Quinbrook, will be engaged to optimise the Uskmouth assets when completed and operational. The development includes a modification of the existing grid connection agreement and a planning application, the latter to be determined by Newport City Council. Construction is envisaged to take up to 18 months, with the project expected to become operational towards the end of 2024. Quinbrook’s policy is to prioritise the use of local contractors and specialists during construction works and where possible, the project will utilise the existing railway access for logistics requirements in order to minimise local impacts from construction activities.

Rory Quinlan, co-founder and Managing Partner of Quinbrook commented, “The UK’s ‘Net Zero’ transformation is an unprecedented investment opportunity for Quinbrook with a diverse array of attractive thematics. Our ‘whole of system’ investment philosophy puts the emphasis on addressing critical infrastructure needs and enablers for a stable transition to a decarbonised power system. If the UK power system is to meet its 2030 renewables targets (of 95% decarbonised power generation), battery storage will need to increase significantly to address urgent stability and flexibility requirements. Almost 10% of UK grid capacity is expected to be provided by battery storage by 2030, representing an estimated GBP 20 billion¹ of new capital investment. Project Uskmouth is a timely example of how specialist energy infrastructure investors like Quinbrook can identify new opportunities of substantial scale and positive impact arising from the energy transition.”

Keith Gains, Senior Director of Quinbrook added, “Our ability to identify and build durable relationships with project development partners such as EOS, help us continue to execute innovative strategies within the UK’s energy transition landscape. Investments in projects such as Uskmouth, supported by industry innovators like Habitat Energy, reinforce Quinbrook’s strategic moves into the supply of critical flexible capacity, storage and grid support infrastructure that enables more variable and weather-dependent renewables to be safely accommodated on the UK power grid.”

About Quinbrook

Quinbrook Infrastructure Partners (http://www.quinbrook.com) is a specialist investment manager focused exclusively on renewables, storage and grid support infrastructure and operational asset management in the US, UK and Australia. Quinbrook is led and managed by a senior team of power industry professionals who have collectively invested c. USD 8.2 billion equity in energy infrastructure assets since the early 1990s, representing a total enterprise value of c. USD 28.7 billion or 19.5 GW of power supply capacity. Quinbrook has completed a diverse range of direct investments in both utility and distributed scale onshore wind and solar power, battery storage, reserve peaking capacity, biomass, fugitive methane recovery, hydro and flexible energy management solutions in the US, UK and Australia.

About Energy Optimisation Solutions Limited

EOS is a leading developer and operator of renewable projects in the UK. EOS develops projects across all renewable asset classes and has a development pipeline of c.1 GW.

¹ https://www.cornwall-insight.com/press/uk-government-must-spend-20bn-on-energy-battery-storage-to-meet-2030-renewables-targets/

Jennifer Pflieger
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+1 (212) 446-1866

Two new high-efficiency adjustable wall packs in a slim design offer 3000K, 4000K and 5000K selectable with the flexibility to adjust wattages to ensure proper light levels

NORTON SHORES, Mich.--(BUSINESS WIRE)--EarthTronics, dedicated to developing innovative energy-saving lighting products that provide a positive economic and environmental impact, introduces its Color & Wattage Selectable LED Adjustable Wall Pack Series in two units, each offering three color temperatures and three wattages to provide optimal lighting for exterior building walls, corridors and parking areas. The versatile wall pack series can be locked into any angle ranging from 0° to 90° to deliver precise exterior security illumination where required and prevent skyglow.

With its slim profile design, the two new LED wall packs allow facilities the flexibility of switching between three temperatures (3000K, 4000K and 5000K) at the time of installation and three wattages to ensure improved visual acuity and enhanced security. Its precise angle range allows for meeting local dark sky requirements. The selection of 3000K color of light can be credited to reducing night skyglow and is a code requirement in some areas.

The Color & Wattage Selectable LED Adjustable Wall Pack Series delivers a highly efficient 130 lumens per watt with an 80+ CRI. The 50-watt wall pack can be set at 30, 40 or 50 watts, while the 120-watt unit offers 72, 96 or 120 watts. They produce 3900, 5200, 6500, 9360, 12480 and 15600 initial lumens respectively. The wall packs accept 120/347VAC power supply for use in both the USA and Canada and are equipped with a 0 – 10-volt continuous dimming driver with a dimming range capability of 10% to 100%. The wall pack series also comes with a photocell for dusk-to-dawn operation.

A DLC® premium product, the Color & Wattage Selectable LED Adjustable Wall Pack Series is IP65 rated for wet applications. The wall packs have a durable powder-coated bronze-finished die cast aluminum housing with a high-impact polycarbonate, anti-UV acrylic lens to maintain appearance over the long term. Their conduit entry points allow direct wall or junction box mounting for easy installation.

The Color & Wattage Selectable LED Adjustable Wall Pack Series will perform in temperatures ranging from -40°F to 113°F with a rated performance life of 50,000 hours and comes with a 10-year limited warranty. The wall pack series may be accepted for utility rebates in many markets.

For more information about the Color & Wattage Selectable LED Adjustable Wall Pack Series, visit EarthTronics at https://www.earthtronics.com/product/color-wattage-selectable-led-adjustable-wall-pack/

About EarthTronics

Dedicated to creating a positive impact for the environment, businesses and consumers, EarthTronics, Inc. is an LED energy efficient solutions company based in Norton Shores, Michigan. EarthTronics offers high-performance EarthBulb LED light bulbs, T8 and T5 linear LEDs, and LED fixtures that are designed for commercial buildings, hotels, restaurants, retail stores and residential homes. All EarthTronics LED products provide energy savings with a solid return on investment for energy retrofits, renovation projects and new construction. More information can be found at www.earthtronics.com.

Brian Bloom
Falls and Co.
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216-696-0229

PRAGUE--(BUSINESS WIRE)--Westinghouse Electric Company signed an agreement with ČEZ to supply fuel assemblies at the Temelin Nuclear Power Plant (NPP). Westinghouse will deliver fuel assemblies beginning in 2024 to fully replace the current supplier with an anticipated term of 15 years. Since April 2019, six Westinghouse lead fuel assemblies have been in operation in Temelín Unit 1.

The company will supply modified Robust Westinghouse Fuel Assemblies (RWFA), a new design that is compatible with non-Westinghouse fuel during the plant’s supplier transition. The RWFA design uses innovative materials that increase fuel economy and have demonstrated excellent performance and reliability in Ukrainian nuclear power plants.

"We have chosen the best offers with regard to both safety of delivery and price. Our goal is to minimise the fuel supply risks for any reason,” explains Bohdan Zronek, a member of the Board of Directors at ČEZ and Director of the Nuclear Energy Division.

"We applaud ČEZ Group’s decision to diversify its nuclear fuel supply. Westinghouse is the only company other than the original equipment manufacturer that has a proven fuel design for the VVER plants. We look forward to cooperating with ČEZ and building on our partnership providing fuel for Temelin and for Dukovany in the near future," said Tarik Choho, President, Westinghouse Fuel.

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. Over 135 years of innovation makes Westinghouse the preferred partner for advanced 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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LEMONT, Ill.--(BUSINESS WIRE)--To provide reliable energy required to power world-renowned user facilities that enable groundbreaking discoveries in energy, transportation, and treatments such as vaccines to help fight COVID-19, ComEd is building a new substation at the U.S. Department of Energy’s Argonne National Laboratory.

The 138-kilovolt substation is the latest collaboration between ComEd and Argonne to ensure reliable energy for critical research. Argonne’s Lemont campus is home to six national user facilities used by thousands of scientists from around the world each year. These unique facilities include world-leading computing facilities, a giant X-ray microscope larger than Wrigley Field and 10 billion times brighter than medical x-rays and the forthcoming Aurora exascale supercomputer, which will be one of the world’s most powerful computers and help to accelerate breakthroughs in cancer treatments and neuroscience. This substation will be the third substation ComEd has delivered on the Argonne campus.

“As the needs of our customers change, we work with them to upgrade infrastructure to ensure they have reliable energy to meet their needs,” said Gil Quiniones, CEO, ComEd. “The work at Argonne is critical in unlocking new technologies that will expand clean energy, lead to new medical treatments and fight climate change. Our substation will provide energy to several of the lab’s existing facilities while also ensuring enough capacity to power future facilities like the Aurora exascale supercomputer.”

For much of Argonne’s work, reliable energy is a critical factor in completing research. ComEd, over the last 12 months, delivered its most reliable service on record. Since starting smart grid investments in 2012, ComEd has avoided more than 17 million customer interruptions due in part to smart grid and system improvements. These investments have helped save customers more than $3.1 billion in avoided outages and many millions more through efficiencies created by technologies like smart meters and distribution automation.

“Argonne’s partnership with ComEd drives energy innovation and enhances resilience of critical grid infrastructure to future climate change impacts,” said Argonne Director Paul Kearns. “Our shared mission will provide reliable, sustainable energy and help transition our national laboratory and the surrounding community toward a net zero future.”

ComEd and Argonne’s Center for Climate Resilience and Decision Science also are working together to better understand how climate change will impact the power grid in northern Illinois. Recently, the pair announced a comprehensive Climate Risk and Adaptation Study, which will examine the impact of changing weather due to climate change, including sustained heat and flooding risk, on the design and performance of the grid. It’s the first study to be launched in concert with the Electric Power Research Institute's Climate READi™: Power (REsilience and ADaptation initiative), a three-year global program on climate change risk.

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

Virtual power purchase agreement advances Kraft Heinz toward global environmental stewardship goal of procuring majority of electricity from renewable energy sources by 2025

PITTSBURGH & CHICAGO--(BUSINESS WIRE)--The Kraft Heinz Company (Nasdaq: KHC) (“Kraft Heinz” or the “Company”) today announced a 12-year virtual power purchase agreement (“vPPA”) with Repsol, a global multi-energy company operating across more than 20 countries and based in Madrid, Spain. This agreement is the Company’s first investment in wind energy and is designed to help Kraft Heinz achieve its aspiration of procuring the majority of its electricity from renewable sources by 2025.

Kraft Heinz is expected to source over 90 gigawatt hours/year of renewable energy from Spanish producer Repsol’s largest wind project, Delta II (Aragon, Spain) – equivalent to powering approximately 90 percent of Kraft Heinz’s European manufacturing sites, which is the majority of its European load.

The vPPA is expected to generate enough renewable electricity to power approximately 25,000 average EU households per year at its peak.

“Our agreement with Repsol is a significant step in our efforts to reduce the impact of climate change,” said Rafael Oliveira, Executive Vice President and President, International Markets at Kraft Heinz. “I am proud of this investment in our International Zone, which we expect to contribute to our global goal of achieving net zero emissions by 2050, and reducing 50 percent of our emissions by 2030, while also helping our industry make the transition to renewable power.”

In 2021, Kraft Heinz announced its goal to achieve net zero greenhouse gas emissions across its operational footprint (Scope 1 and Scope 2) and entire global supply chain (Scope 3) by 2050, reaffirming its commitment to contribute to global efforts to reduce the ongoing threat of climate change.

"This agreement with Kraft Heinz confirms once again the potential and attractiveness of our renewable assets for companies that are looking for guaranteed coverage of their long-term energy needs and, at the same time, obtain greater stability, which favors their competitiveness," said João Costeira, Repsol's Executive Director of Low Carbon Generation.

In December 2019, Repsol was the first company in its sector to make a commitment to be carbon neutral by 2050. Renewable power generation is one of the pillars of Repsol's decarbonization strategy: the targets of the company are 20 gigawatts (“GW”) of installed capacity by 2030 and 6 GW by 2025.

Download the latest Kraft Heinz ESG report to learn more about the Company’s climate ambitions and progress at www.kraftheinzcompany.com/esg. To learn more about Repsol, visit www.repsol.com/en.

About The Kraft Heinz Company

We are driving transformation at The Kraft Heinz Company (Nasdaq: KHC), inspired by our Purpose, Let’s Make Life Delicious. Consumers are at the center of everything we do. With 2021 net sales of approximately $26 billion, we are committed to growing our iconic and emerging food and beverage brands on a global scale. We leverage our scale and agility to unleash the full power of Kraft Heinz across a portfolio of six consumer-driven product platforms. As global citizens, we’re dedicated to making a sustainable, ethical impact while helping feed the world in healthy, responsible ways. Learn more about our journey by visiting www.kraftheinzcompany.com or following us on LinkedIn and Twitter.

Forward-Looking Statements

This press release contains a number of forward-looking statements. Words such as “achieve,” “advance,” “contribute,” “design,” “expect,” “procure,” “plan,” “reduce,” “target,” “will,” and variations of such words and similar future or conditional expressions are intended to identify forward-looking statements. These statements are not historical facts and are based on Kraft Heinz’s current beliefs, expectations, estimates, and projections. These forward-looking statements are subject to a number of risks and uncertainties, many of which are difficult to predict and beyond Kraft Heinz’s control, which could cause actual results to differ materially from those indicated in the forward-looking statements. Those factors include, but are not limited to, Kraft Heinz’s ability to achieve the intended benefits of the agreement and the risk factors set forth in Kraft Heinz’s filings with the Securities and Exchange Commission, including Kraft Heinz’s most recently filed Annual Report on Form 10-K and subsequent reports on Forms 10-Q and 8-K. Kraft Heinz disclaims and does not undertake any obligation to update, revise, or withdraw any forward-looking statement in this press release, except as required by applicable law or regulation.

Marissa Munnings
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