DCVC leads a $130 million financing to increase the production of materials made from captured CO2 for customers such as Mercedes-Benz, Procter & Gamble, Shopify, and the U.S. Air Force
BERKELEY, Calif.--(BUSINESS WIRE)--Twelve, the carbon transformation company, is announcing $130 million in Series B and additional funding to scale the engineering, manufacturing, and deployment of its industrial-scale carbon transformation technology for the creation of a wide range of products with a lower carbon footprint.
Twelve’s carbon transformation technology converts captured CO2 into products historically made from fossil fuels. According to research from Columbia’s SIPA Center on Global Energy Policy, replacing fossil feedstocks in the production of chemicals, materials, and fuels with renewable carbon from point source or direct air capture could avoid nearly 10 percent of global greenhouse gas emissions. Twelve is currently transforming emissions into products for the automotive, household and apparel industries, as well as for government entities and global technology companies, by replacing petrochemicals and fossil-based transportation fuels with CO2Made® materials and carbon-neutral fuels like E-JetⓇ.
“Companies and governments no longer need to rely on fossil fuels for the carbon that goes into everything from apparel and cleaning products to electronics and jet fuel,” said Twelve Co-Founder and CEO Nicholas Flanders. “This fresh funding ensures we can reach industrial scale to help new and existing partners achieve rapid emissions-reduction.”
Twelve’s partners include Mercedes-Benz, Procter & Gamble, Shopify, the U.S. National Aeronautics and Space Administration (NASA), and the U.S. Air Force, all of which use Twelve’s breakthrough carbon transformation technology to reduce emissions and create CO2Made products.
“As more companies and organizations adopt carbon-neutrality targets, they urgently need technologies like Twelve’s to rapidly green supply chains and corporate travel to reduce emissions at scale,” said Zachary Bogue, Managing Partner, DCVC. “Since leading Twelve’s seed round in 2018, we’ve only become more confident that their technology offers businesses a critical solution for not just offsetting emissions, but eliminating them.”
The new funding follows Twelve’s first commercial products, a line of CO2Made sunglasses with sustainable fashion brand PANGAIA, and carbon-neutral sustainable aviation fuel (SAF), E-Jet. Twelve was recently recognized by Fast Company as the world’s #1 most innovative energy company of 2022 and as a BloombergNEF Pioneer in the Decarbonizing Aviation category.
“Delivering low-carbon sustainable products consumers desire will require scaling innovative solutions such as Twelve’s carbon transformation technology.” said Todd Cline, Senior Director of Sustainability, for Procter & Gamble Fabric Care. “We’re glad to see Twelve given the opportunity to expand their opportunity to impact a broad variety of sustainable consumer products enabled by their technology.”
“Twelve has the potential to disrupt petrochemical supply chains by creating a wide range of materials from carbon emissions instead of fossil fuels,” said Udo Gayer, Manager of New Business in Production Planning at Mercedes-Benz Cars. “The potential impact of their technology is immense, and I’m glad to see them receive the funding to continue scaling their technology.”
DCVC led Twelve’s Series B financing, with participation from Series A lead investors Capricorn Technology Impact Fund and Carbon Direct Capital Management. Breakout Ventures, Munich Re Ventures, Elementum Ventures, and Microsoft Climate Innovation Fund also participated. In addition, Twelve secured a Series B and strategic program investment from the Chan Zuckerberg Initiative (CZI).
“Carbon transformation has the potential to turn CO2 from a harmful waste stream into useful products for the global economy,” said Jonathan Goldberg, CEO of Carbon Direct. "With the costs of carbon capture, renewables and electrolyzers continuing to fall, Twelve’s technology stands to play a crucial role in decarbonizing some of the hardest-to-abate industries.”
To help drive Twelve’s industrial scaleup, the company just announced additions of key industry veterans to its leadership team: Anne Roby, Independent Board Director and former Linde executive; David Frank, Chief Productization Officer and former Cummins director; and Ram Ramprasad, Chief Commercial Officer and former Linde executive.
Twelve is currently taking pre-orders for CO2Made materials and E-Jet. For more information on process, product and partnerships, and opportunities to join Twelve’s growing team, go to www.twelve.co.
About Twelve
Twelve is the carbon transformation company, a new kind of chemical company built for the climate era. We make essential products from air, not oil. Our groundbreaking technology eliminates emissions by transforming CO2 into critical chemicals, materials and fuels that today are made from fossil fuels. We call it carbon transformation, and it fundamentally changes how we can address climate change, reduce emissions and reverse the carbon imbalance. Reinventing what it means to be a chemical company, we’re on a mission to create a climate positive world and a fossil free future through the power of chemistry. Learn more at www.twelve.co.
Media
Leo Traub
Antenna Group
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Name Reflects Expanded Offerings to Include Development and Advisory Services
HOUSTON--(BUSINESS WIRE)--Consolidated Asset Management Services (CAMS), a fully-integrated service provider for owners of infrastructure assets, has renamed its Renewable Energy Services group to CAMS Energy Transition Services (CAMS ETS) to reflect expanded offerings to include development and advisory services. CAMS has been a leading service provider in the renewable energy space for many years and this step is a logical progression in its service offerings.
CAMS ETS will originate and lead greenfield and brownfield development opportunities in the areas of battery energy storage, PV, carbon capture, hydrogen co-firing and other environmentally sustainable technologies.
“These services are a natural extension of CAMS’ existing service offerings that will help accelerate our client’s efforts to create more efficient and sustainable energy infrastructure,” said Brian Ivany, Executive Vice President of CAMS ETS.
CAMS ETS will leverage CAMS’ extensive operational, financial, permitting and ESG program management experience in identifying opportunities and advising potential owners to meet their financial and ESG goals. CAMS’ 2,000 employee base will be supplemented by a cohort of experienced engineers and subject matter experts to create a unique service offering within the energy transition space. Specific services include site identification, market analysis, permitting, procurement, project management, start-up and commissioning, transmission and distribution interconnection process management, and ongoing O&M and asset management.
“We are excited to expand our services within this critical area of energy transition in order to better serve our clients,” said Greg Bobrow, CAMS Chief Operating Officer.
About CAMS
CAMS is a privately held company providing Operations and Maintenance (O&M), Asset Management, Environmental, Social, and Governance (ESG), and Optimization services for energy and infrastructure assets. Our founding principle is to add value through superior management and operation of our clients’ energy infrastructure assets. To this end, we empower our employees to pursue creative and sustainable business practices in the field and at our corporate office that contribute to operational excellence, financial performance, a safe workplace, and a better community and environment. We do not take this responsibility lightly: We treat the assets with which we are entrusted as our own. For additional information, visit www.camstex.com.
Corporate Communications
Melissa Kinsella
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LOVELAND, Colo.--(BUSINESS WIRE)--$ZEV #commercialevs--Lightning eMotors (NYSE: ZEV), a leading provider of zero emissions medium duty commercial vehicles and electric vehicle technology, is giving gasoline and diesel vehicles a second, zero-emissions life by repowering a variety of passenger transit vehicles for shuttle service providers to some of the leading tech companies located throughout Silicon Valley.
The all-electric vehicles include Class 3 passenger vans and Class 7 motorcoaches, all of which are either in service already or soon to be in service with several of the largest tech companies in the world and largest employers in the Bay Area.
As the Bay Area’s top employers continue to reduce or eliminate remote or hybrid work options following the COVID-19 pandemic, and as fuel prices continue to surge, Lightning’s repowered vehicles are being used to provide zero-emission intra-campus and Park and Ride transportation for thousands of employees in the region. In addition to reducing traffic congestion, fuel costs and tailpipe emissions, the vehicles will support increased productivity among the employees who utilize the service by providing a safe, quiet atmosphere during the time spent commuting to and from work.
“We are encouraged by an acceleration in the adoption of repowered vehicles, not only by these Bay Area powerhouses, but by private and public sector businesses and universities across the country,” said Lightning eMotors CEO Tim Reeser. “Industries are realizing that repowering existing vehicles with our electric drive system is a highly cost-effective way to lower emissions. And though some companies are looking at converting electric cargo vans to passenger vans, they don’t provide the range, payload capacity or safety features of a Lightning repowered Transit.”
The repowered vehicles are also equipped with Lightning’s integrated advanced telematics system, which allows up to 100 parameters of vehicle performance to be tracked in near-real-time to optimize route planning, increase cost-savings and assist with day-to-day operations. The analytics can also be used to inform monthly Environmental, Sustainability and Governance (ESG) reports that can help employers utilizing the repowered vehicles stay on track of their sustainability goals.
Lightning’s repowered vehicle orders were facilitated by ABC Companies, a leading product and service provider to the transportation industry. ABC partnered with Lightning eMotors after conducting a global search for a powertrain provider with the scope, scale, experience, and expertise to provide new and repowered zero-emission vehicles as well as charging solutions for large corporate and municipal customers.
“We’re seeing a significant uptick in interest in these vehicles as the world comes back from COVID, and return-to-work life is accelerating,” ABC Companies president and CCO Roman Cornell said. “Our previous work with Lightning eMotors provides insight that these repowered vehicles will not only surpass customer expectations, but also have the capability to spark a trend in and beyond the Bay Area as companies across the nation continue to seek out new sustainable solutions.”
“Repowering commercial vehicles from gas or diesel to all-electric is a great option during these times of rapidly rising new vehicle prices resulting from supply chain constraints,” said Kash Sethi, chief revenue officer for Lightning. “Lightning is one of the only companies today that has the capability to repower older vehicles, electrify new vehicles, and simultaneously develop our own eChassis for release in 2023. This kind of innovation and flexibility is what makes Lightning an undisputed leader in this fast-growing market.”
About Lightning eMotors
Lightning eMotors (NYSE: ZEV), based in Loveland, Colorado, has been providing specialized and sustainable fleet solutions since 2009, deploying complete zero-emission-vehicle (ZEV) solutions for commercial fleets since 2018 – including Class 3 cargo and passenger vans, Class 4 and 5 cargo vans and shuttle buses, Class 4 Type A school buses, Class 6 work trucks, Class 7 city buses, and motor coaches. The Lightning eMotors team designs, engineers, customizes, and manufactures zero-emission vehicles to support the wide array of fleet customer needs including school buses and ambulances, with a full suite of control software, telematics, analytics, and charging solutions to simplify the buying and ownership experience and maximize uptime and energy efficiency. Lightning eMotors also offers charging technologies and “charging as a service” (CaaS) to commercial and government fleets under its Lightning Energy brand. To learn more, visit https://lightningemotors.com.
About ABC Companies
ABC Companies is a leading provider to the transportation industry with diverse product and service offerings that cover a full spectrum of operational needs including new and pre-owned full-size highway coach equipment along with transit and specialty vehicles including battery electric vehicles. ABC supports customers with a comprehensive after sale service network for service and repairs, collision services, extensive OEM and quality aftermarket parts needs for transit, motorcoach and heavy-duty equipment from strategically placed locations throughout the United States and Canada. Additionally, private and municipal financing and leasing options are available through the company’s financial services group – one of the largest financial service providers within the industry. For more information, contact ABC Companies at 800-222-2875 or visit the company web site at https://www.abc-companies.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Such forward-looking statements include but are not limited to expected changes to corporate adoption of repowered vehicles and Lightning eMotors’ expectations, hopes, beliefs, intentions, plans, prospects or strategies regarding the future business plans. Any statements contained herein that are not statements of historical fact may be deemed to be forward-looking statements. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intends,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. The forward-looking statements contained in this press release are based on certain assumptions and analyses made by the management of Lightning eMotors in light of their respective experience and perception of historical trends, current conditions and expected future developments and their potential effects on Lightning eMotors as well as other factors they believe are appropriate in the circumstances. There can be no assurance that future developments affecting Lightning eMotors will be those anticipated. These forward-looking statements contained in this press release are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause actual results or outcomes to be materially different from any future results or outcomes expressed or implied by the forward-looking statements. These risks, uncertainties, assumptions and other factors include, but are not limited to: (i) those related to Lightning eMotors’ operations and business and financial performance; (ii) the ability of Lightning eMotors to execute on its business strategy and grow demand for its products and revenue; (iii) the potential increases in costs or shortage of materials required to develop and manufacture Lightning eMotors’ products; (iv) the potential severity, magnitude and duration of the COVID-19 pandemic as it affects the business operations, global supply chains, financial results and position of Lightning eMotors and on the U.S. and global economy; (v) current market conditions and federal, state, and local laws, regulations and government incentives, particularly those related to the commercial electric vehicle market; (vi) the size and growth of the markets in which Lightning eMotors operates; (vii) the mix of products utilized by Lightning eMotors’ customers and such customers’ needs for these products; (viii) market acceptance of new product offerings and whether this will be a catalyst for others to purchase electric vehicles and (ix) the rate at which customers deploy its electric vehicle. These and other risks are described more fully in Lightning eMotors’ filings with the Securities and Exchange Commission and other documents that it subsequently files with the SEC from time to time. Moreover, Lightning eMotors operates in a competitive and rapidly changing environment, and new risks may emerge from time to time. You should not put undue reliance on any forward-looking statements. Forward-looking statements should not be read as a guarantee of future performance or results and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved, if at all. Should one or more of these risks or uncertainties materialize or should any of the assumptions being made prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. Lightning eMotors undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.
Lightning eMotors news media contact:
Nick Bettis
(800) 223-0740
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More and More Americans Seeking On-Water Experiences
FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Boatsetter, the leading marketplace for on-the-water experiences and boat rentals in the U.S., is reporting a significant uptick in experience-driven rentals this summer as more and more Americans seek time outdoors with family and friends. The company reported triple digit growth in the number of trips completed so far this year compared to the same time last year, as well as a 50 percent increase in the number of boats listed for rent.
Boatsetter has more than 50,000 boat listings available in over 700 locations and more than 20,000 makes and models available — including all different styles and sizes. The boats range from pontoons, to catamarans, to fishing boats, to yachts, with the smallest boat for rent measuring just 8 feet in length, to the largest at 222 feet. Renters are looking for a watersports boat for wake surfing or skiing, party pontoons for friends and family, bass fishing set-ups, sunset cruise on a private yacht, and anything in between.
Specifically, Boatsetter has seen a 378% year-over-year increase in interest in pontoon boat rentals, as well as 332% increased interest in party boat rentals, 261% increased interest in fishing charter rentals, and 254% increased interest in luxury yacht charters.
“For so long, boating and water sports have been out of reach for so many — whether it’s an issue of access, prohibitive costs, or lack of awareness of all the activities you can do on the water,” said Boatsetter CEO Jackie Baumgarten. “Boatsetter is committed to a ‘sea’s the limit’ approach to water experiences. We believe that life is better on the water. If your dream can happen on the water or on board a floating vessel, we’re here to help make it happen.”
Featuring the largest database of USCG-certified captains, Boatsetter makes it possible for even those with no prior boating experience to tap into a wide array of water activities.
Credited with pioneering the first ever peer-to-peer boat rental insurance policy, Boatsetter’s two-sided marketplace also offers a way for boat owners to become on-water entrepreneurs, earning extra income to offset the costs of owning and maintaining a boat, as well as ensuring that everyone gets to experience the same joy they have always felt out on the water.
About Boatsetter: With more than 50,000 boat listings available in over 700 locations worldwide, Boatsetter is the leading marketplace for on-the-water experiences and boat rentals. Boatsetter makes it easy to discover and enjoy a wide array of on-water experiences by connecting qualified renters directly to boat owners and licensed captains. Featuring the largest database of USCG-certified captains, Boatsetter makes it possible for even those with no prior boating experience to tap into an incredible array of water activities. Credited with pioneering the first ever peer-to-peer boat rental insurance policy, Boatsetter has empowered boat owners with the tools and support to become entrepreneurs on the water. Launched commercially in 2014, over one million boaters and boat owners alike have turned to Boatsetter to discover the endless possibilities the water provides.
Mollie Leal
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916-612-7462
HOUSTON--(BUSINESS WIRE)--$TELL #LNG--Tellurian Inc. (Tellurian) (NYSE American: TELL) and Baker Hughes (NASDAQ: BKR) have announced that Baker Hughes has been awarded a contract by Driftwood Pipeline LLC, a subsidiary of Tellurian Inc., to provide electric-powered Integrated Compressor Line (ICL) technology and turbomachinery equipment for Lines 200 and 300, a natural gas transmission project, proposed to be located in Beauregard and Calcasieu Parishes, in southwest Louisiana.
Tellurian President and CEO Octávio Simões said, “This landmark project and technology will eliminate nearly all emissions for the proposed project, which Tellurian is developing to supply natural gas to a constrained capacity area. We value Baker Hughes’ expertise and look forward to partnering on delivering cleaner solutions for an energy hungry world.”
Joey Mahmoud, President of Tellurian Pipelines, added, “We anticipate the project will supply upwards of five and one-half billion cubic feet of natural gas daily, with virtually no emissions. Tellurian is doing its part by making this initial $240 million pipeline investment as part of the broader Driftwood Pipeline system which will provide enhanced supply reliability to meet the area’s projected industrial growth in a cleaner, more sustainable manner.”
This contract marks the first time Baker Hughes will install its ICL decarbonization technology for pipeline compression in North America. The project will initially include four 19 megawatt (MW) ICL compressors and other turbomachinery equipment for a total of four compressor trains, as well as a LM6000PF+ gas turbine for backup power for the initial phase of the pipeline project at Driftwood’s Indian Bayou Compressor Station.
“Our customers around the world are pressing for decarbonization solutions now, especially as they seek to provide both energy security and more sustainable natural gas supplies in the years to come,” said Rod Christie, executive vice president of Turbomachinery & Process Solutions at Baker Hughes. “Our zero-emissions ICL technology is already reducing the climate footprint of pipeline projects in many regions that deliver vital gas supplies, and now we are bringing it to North America, a region crucial to meeting global natural gas demand.”
Baker Hughes’ extended portfolio of technologies contribute to lower the carbon footprint across the natural gas supply chain, a critical path for the energy transition. The ICL zero-emissions integrated compressor offers a more reduced footprint and weight, as well as improved operational flexibility and availability compared to conventional electric motor driven trains. While this project marks the technology’s first U.S. application, more than 50 units have been deployed, primarily in Europe, across a variety of applications including pipeline and offshore. The compressors are built with hermitically sealed casing ensuring no emissions, and require minimal downtime due to magnetic bearings for oil-free, more efficient operations and minimized maintenance while boosting reliability.
About Tellurian Inc.
Tellurian intends to create value for shareholders by building a low-cost, global natural gas business, profitably delivering natural gas to customers worldwide. Tellurian is developing a portfolio of natural gas production, LNG marketing and trading, and infrastructure that includes an ~ 27.6 mtpa LNG export facility and an associated pipeline. Tellurian is based in Houston, Texas, and its common stock is listed on the NYSE American under the symbol “TELL”. For more information, please visit www.tellurianinc.com. Follow us on Twitter at twitter.com/TellurianLNG.
About Baker Hughes
Baker Hughes (NASDAQ: BKR) is an energy technology company that provides solutions to energy and industrial customers worldwide. Built on a century of experience and conducting business in over 120 countries, our innovative technologies and services are taking energy forward – making it safer, cleaner and more efficient for people and the planet. Visit us at bakerhughes.com.
CAUTIONARY INFORMATION ABOUT FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements within the meaning of U.S. federal securities laws. The words “anticipate,” “assume,” “believe,” “budget,” “estimate,” “expect,” “forecast,” “initial,” “intend,” “may,” “plan,” “potential,” “project,” “proposed,” “should,” “will,” “would,” and similar expressions are intended to identify forward-looking statements. Forward-looking statements herein relate to, among other things, the ICL decarbonization technology and its effects on emissions, the capacity, cost, reliability, and other aspects of Lines 200 and 300, as part of the broader Driftwood Pipeline system, and global natural gas demand. These statements involve a number of known and unknown risks, which may cause actual results to differ materially from expectations expressed or implied in the forward-looking statements. These risks include the matters discussed in Item 1A of Part I of the Annual Report on Form 10-K of Tellurian for the fiscal year ended December 31, 2021 filed by Tellurian with the Securities and Exchange Commission (the SEC) on February 23, 2022, and other Tellurian filings with the SEC, all of which are incorporated by reference herein. The forward-looking statements in this press release speak as of the date of this release. Although Tellurian may from time to time voluntarily update its prior forward-looking statements, it disclaims any commitment to do so except as required by securities laws.
Tellurian
Joi Lecznar
EVP Public and Government Affairs
Phone +1.832.962.4044
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Baker Hughes Media Relations
Chiara Toniato
Phone: +39 3463823419
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Hancock County Port and Harbor Commission to Bring Renewable Hydrogen to the Gulf Coast Region
JACKSON, Miss.--(BUSINESS WIRE)--Hy Stor Energy LP (Hy Stor Energy), a company pioneering renewably produced green hydrogen and energy storage at scale in Mississippi, announced today a strategic partnership with the Hancock County Port and Harbor Commission (HCPHC) to provide zero-carbon, zero-methane hydrogen to Port Bienville Industrial Park and Stennis International Airport, accelerating the decarbonization of land, air, sea, and space. Through this partnership, Port Bienville will be the first port in the Gulf Region to integrate renewable hydrogen as a fuel into its operations. During the first phase of the partnership, the hydrogen hub is expected to produce an estimated 350 tons/day (320,000 kg/day) of renewable hydrogen and store more than 71,000 tons (69 million kg) of hydrogen in underground salt caverns.
The existing Port Bienville infrastructure will expand to better enable decarbonization efforts and will be in a premium location to allow for new manufacturing of circular hydrogen infrastructure – the first of its kind in the United States. Port customers striving to meet their respective ESG goals will be able to create new industry jobs – strengthening the port’s position as a workforce hub of industry and technology.
Together Hy Stor Energy and HCPHC will work to sustain economic growth in Hancock County and provide reliable, renewable, and carbon-free energy to coastal Mississippi and the Gulf Coast Region. Currently, Port Bienville Industrial Park is home to leading companies including SABIC Innovative Plastics, DAK Americas, SNF Polychemie, Calgon Carbon, and Jindal Tubular USA, among others.
“Hancock County Port and Harbor Commission is committed to growing economic opportunities in a responsible way,” said CEO Bill Cotter, HCPHC. “Hydrogen is emerging as a way to cut carbon emissions in energy-intensive sectors like manufacturing and transportation. As we continue to grow our maritime, rail and aerospace operations, hydrogen provides options to fuel growth and innovations.”
Hancock County, Mississippi, is located in a prime position on the Gulf Coast with access to inland waterways, rail, and highway corridors. Located a short distance east of New Orleans, Hancock County is home to Port Bienville, Stennis International Airport, and NASA’s John C. Stennis Space Center, which enable domestic and global reach. Hy Stor Energy will develop the renewable hydrogen from its Clean Hydrogen Hub from offices in Jackson, Gulfport, and Kiln at Port Bienville.
“We are proud to partner with the Hancock County Port and Harbor Commission to provide renewable hydrogen access to Port Bienville Industrial Park, including some of the world’s most recognized companies,” said Laura L. Luce, CEO of Hy Stor Energy. “This partnership provides a strategic opportunity for companies who are looking for innovative ways to meet their decarbonization goals to co-locate operations in Hancock County in the Gulf Region. We are focused on developing zero-carbon, zero-methane renewable hydrogen technology for a broad array of applications, including manufacturing and industrial processes, port operations, and long-duration energy storage that will benefit communities while providing reliable clean power.”
The Richton Dome in Perry County, Mississippi was a previously selected expansion location for the U.S. Strategic Petroleum Reserve, and its central U.S. and Gulf Coast location will serve as a Strategic Hydrogen Reserve connected to new, dedicated, dual bi-directional pipelines that will extend from Richton in Perry County to Hancock County and the Port of Bienville. Hy Stor Energy’s infrastructure will enable 24x7 renewable green hydrogen to be delivered to and from the port in addition to underground salt storage domes within approximately 100 miles of the port – providing resilient, zero-carbon, zero-methane hydrogen on demand. These long-term renewable hydrogen storage salt domes in Richton will be interconnected to new pipeline infrastructure and will further connect multiple salt domes from Louisiana to Jackson, Mississippi to Simpson County to Smith County to Perry County - and on to Hancock County to provide resilient, clean energy to coastal communities as well. This will allow Mississippi to serve as a U.S. centrally located and highly connected strategic hydrogen reserve to connect multiple underground salt domes with Richton where the first salt dome caverns will be developed purpose-built for the safe storage of renewable hydrogen at scale.
For more information about Hy Stor Energy, please visit www.hystorenergy.com.
About Hy Stor Energy
Hy Stor Energy is facilitating the transition to a fossil-free energy environment by developing and advancing renewable hydrogen at scale through the development, commercialization, and operation of renewable hydrogen hub projects. The company defines green hydrogen as only that which has produced from renewables -- as set forth by the Green Hydrogen Organisation. Large, fully integrated projects produce, store, and deliver 100% carbon-free, energy, providing customers with safe and reliable renewable energy on-demand. Developed as part of an integrated hub, these projects couple on-site renewable hydrogen production with integrated long-duration storage and distribution – using scale to reduce costs. Hy Stor Energy, led by energy storage industry and hydrogen technology veteran Laura L. Luce, has an innovative team with deep expertise and is positioned as a leader in the renewable hydrogen revolution. For more information, please visit www.hystorenergy.com.
About Hancock County Port and Harbor Commission
The Hancock County Port and Harbor Commission was established in 1963 to lead the county’s economic development activities. Stennis International Airport and Port Bienville Industrial Park are home to 30 companies with more than 1,000 employees. For more information visit www.portairspace.com.
Hy Stor Energy Media Contact
Brad Carl
On behalf of Hy Stor Energy
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Independent environmental assessment in Permian and DJ basins positions Chevron in Responsibly Sourced Natural Gas (RSG) market
HOUSTON & DENVER--(BUSINESS WIRE)--Chevron Corporation (NYSE: CVX) announced that the company’s participating North American upstream assets earned Project Canary’s highest ratings on operational and environmental performance. Project Canary’s independent analysis was conducted on Chevron assets in Texas and Colorado by the Denver-based climate tech and environmental assessment company.
As a result of the certification process, 82 wells achieved “Platinum” status and 3 wells received “Gold” status, Project Canary’s highest ratings and confirmation of Chevron’s industry-leading practices, including continuous monitoring. Chevron plans to market RSG from the certified assets in the second half of 2022.
“This certification is an important milestone in our journey to deliver affordable, reliable, ever-cleaner energy to a growing world. Chevron deploys several technologies to detect and measure methane emissions and certified responsibly sourced gas is part of our broader commitment to lowering the carbon emissions intensity of our operations,” said Steve Green, president, Chevron North America Exploration and Production. “In addition to demonstrating transparency, an independent assessment provides validation of our current practices and insights to inform and shape how we continue to achieve our lower carbon aspirations.”
The pilot project focuses on two sites in the Midland Basin of the Permian in Texas and three sites in Chevron’s Mustang Development Area of the DJ Basin in Colorado. The five sites produce a total of approximately 80 million cubic feet of natural gas per day. Project Canary's TrustWell™ program accounts for operational impacts on water, air, land, and community.
“The results of our independent assessment and certification of Chevron’s operations in the Permian and DJ basins demonstrate strong performance across its operating assets, positioning Chevron in the fast-emerging markets for differentiated gas,” said Chris Romer, CEO and co-founder, Project Canary. “Buyers of RSG certified by Project Canary can have confidence that each producing well has been reviewed and verified for aspects of Chevron’s environmental and social performance.”
In 2020, Chevron’s U.S. onshore production methane intensity was 85% lower than the U.S. industry average. The company continues to design, construct, and operate facilities with strategies to limit fugitive emissions. For example, it has reduced fugitive methane and volatile organic compound emissions in U.S. onshore operations through leak detection and repair, low-/no-emissions pneumatic devices, and centralized production facilities in addition to utilizing continuous monitoring. The company is also expanding its methane detection capabilities to identify the best opportunities to further lower emissions and is on track to reduce methane emissions intensity by more than 50% from 2016 levels by 2028.
About Chevron
Chevron is one of the world’s leading integrated energy companies. We believe affordable, reliable and ever-cleaner energy is essential to achieving a more prosperous and sustainable world. Chevron produces crude oil and natural gas; manufactures transportation fuels, lubricants, petrochemicals and additives; and develops technologies that enhance our business and the industry. We are focused on lowering the carbon intensity in our operations and seeking to grow lower carbon businesses along with our traditional business lines. More information about Chevron is available at www.chevron.com.
About Project Canary
Project Canary is a SaaS-based data analytics company focused on accurate corporate 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
CAUTIONARY STATEMENTS RELEVANT TO FORWARD-LOOKING INFORMATION FOR THE PURPOSE OF “SAFE HARBOR” PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
This news release contains forward-looking statements relating to Chevron’s operations and energy transition plans that are based on management's current expectations, estimates and projections about the petroleum, chemicals and other energy-related industries. Words or phrases such as “anticipates,” “expects,” “intends,” “plans,” “targets,” “advances,” “commits,” “drives,” “aims,” “forecasts,” “projects,” “believes,” “approaches,” “seeks,” “schedules,” “estimates,” “positions,” “pursues,” “may,” “can,” “could,” “should,” “will,” “budgets,” “outlook,” “trends,” “guidance,” “focus,” “on track,” “goals,” “objectives,” “strategies,” “opportunities,” “poised,” “potential,” “ambitions,” “aspires” and similar expressions are intended to identify such forward-looking statements. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and other factors, many of which are beyond the company’s control and are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. The reader should not place undue reliance on these forward-looking statements, which speak only as of the date of this news release. Unless legally required, Chevron undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise.
Among the important factors that could cause actual results to differ materially from those in the forward-looking statements are: changing crude oil and natural gas prices and demand for the company’s products, and production curtailments due to market conditions; crude oil production quotas or other actions that might be imposed by the Organization of Petroleum Exporting Countries and other producing countries; technological advancements; changes to government policies in the countries in which the company operates; public health crises, such as pandemics (including coronavirus (COVID-19)) and epidemics, and any related government policies and actions; disruptions in the company’s global supply chain, including supply chain constraints and escalation of the cost of goods and services; changing economic, regulatory and political environments in the various countries in which the company operates; general domestic and international economic and political conditions, including the military conflict between Russia and Ukraine and the global response to such conflict; changing refining, marketing and chemicals margins; actions of competitors or regulators; timing of exploration expenses; timing of crude oil liftings; the competitiveness of alternate-energy sources or product substitutes; development of large carbon capture and offset markets; the results of operations and financial condition of the company’s suppliers, vendors, partners and equity affiliates, particularly during the COVID-19 pandemic; the inability or failure of the company’s joint-venture partners to fund their share of operations and development activities; the potential failure to achieve expected net production from existing and future crude oil and natural gas development projects; potential delays in the development, construction or start-up of planned projects; the potential disruption or interruption of the company’s operations due to war, accidents, political events, civil unrest, severe weather, cyber threats, terrorist acts, or other natural or human causes beyond the company’s control; the potential liability for remedial actions or assessments under existing or future environmental regulations and litigation; significant operational, investment or product changes undertaken or required by existing or future environmental statutes and regulations, including international agreements and national or regional legislation and regulatory measures to limit or reduce greenhouse gas emissions; the potential liability resulting from pending or future litigation; the company’s future acquisitions or dispositions of assets or shares or the delay or failure of such transactions to close based on required closing conditions; the potential for gains and losses from asset dispositions or impairments; government mandated sales, divestitures, recapitalizations, taxes and tax audits, tariffs, sanctions, changes in fiscal terms or restrictions on scope of company operations; foreign currency movements compared with the U.S. dollar; material reductions in corporate liquidity and access to debt markets; the receipt of required Board authorizations to implement capital allocation strategies, including future stock repurchase programs and dividend payments; the effects of changed accounting rules under generally accepted accounting principles promulgated by rule-setting bodies; the company’s ability to identify and mitigate the risks and hazards inherent in operating in the global energy industry; and the factors set forth under the heading “Risk Factors” on pages 20 through 25 of the company’s 2021 Annual Report on Form 10-K and in subsequent filings with the U.S. Securities and Exchange Commission. Other unpredictable or unknown factors not discussed in this news release could also have material adverse effects on forward-looking statements.
Chevron Contact:
Deena McMullen, External Affairs
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Project Canary Contact:
Rachael Shayne, Chief Marketing Officer
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SAN DIEGO--(BUSINESS WIRE)--MRV Systems, LLC, a global provider of autonomous undersea vehicles, today announced that Adam A. Razavian has been named President and Chief Executive Officer. Neil Bogue, who has been the Chief Executive Officer since 2016, will stay as chairman of the advisory board. Dr. Razavian’s employment with MRV Systems will commence on June 27, 2022.
Dr. Razavian has more than 20-years of senior management experience leading large engineering organizations with annual revenue of over $2B. He has a strong technical, programmatic, and acquisition background in U.S. Navy surface and undersea programs. His experience with engineering and manufacturing organizations includes over seven years of P&L management, strategic planning, and business development with General Dynamics Mission Systems and Saab Inc. Prior to that, Dr. Razavian held a Senior Executive Service appointment with Department of the Navy (NAVSEA) as Technical Director at the Naval Surface Warfare Center, Crane Division.
Fred Maas, Executive Chairman of MRV Systems, said, “We are thrilled to welcome Adam to lead us for this next phase of growth at MRV. Building on Neil’s stellar leadership, Adam is poised to take MRV to the next level of engineering, manufacturing, and service to the defense and oceanographic communities. He is not only extraordinarily talented, but brings a great deal of experience, character, and integrity that will thrive in our culture at MRV.”
“I am very excited to be joining the MRV team,” said Adam Razavian. “I believe MRV Systems has a great business model and talented management team that uniquely positions it to capitalize on the changing autonomous maritime robotic environment. As the industry evolves through restructuring, consolidation, and technology migrations, I believe MRV is in a unique position to provide a cost effective and timely suite of equipment and services to its existing and future clients.”
Adam received a Ph.D. in Information Systems with research in autonomous vehicles from Nova Southeastern University, a Master of Science in electrical engineering from Rose-Hulman Institute of Technology, and bachelor’s degrees in electrical engineering and physics from the University of Florida and Jacksonville University, respectively.
MRV was founded in 2010 as a spin-off from the Scripps Institution of Oceanography, with a license to manufacture the SOLO II Argo float. MRV has since diversified its product line and customer base and continues to be a leading supplier of buoyancy-driven profilers to the US Argo program, the US Navy, and premier oceanographic institutions around the world.
Neil Bogue
Chair, MRV Advisory Board
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800.645.7114
WESTLAKE, Ohio--(BUSINESS WIRE)--TravelCenters of America Inc. (Nasdaq: TA), nationwide operator and franchisor of the TA, Petro Stopping Centers and TA Express travel center network, is once again supporting the St. Christopher Truckers Relief Fund, or SCF, with its annual Round Up campaign. From July 1, 2022, to September 1, guests at participating TA, Petro and TA Express locations will have the opportunity to round up their purchase to the nearest dollar, with the difference being donated directly to SCF to help support truck drivers in need of assistance because injury or illness has taken them off the road within the last year.
“Providing support for the hardworking men and women who keep our country moving has always been a top priority for everyone at TA,” said Jon Pertchik, Chief Executive Officer of TA. “While TA can provide truckers with everything they need when they are on the road, it is the amazing team at SCF that helps them when they are sidelined and cannot be on the road.”
TA has been supporting SCF since 2010, raising more than $3 million dollars through campaigns and initiatives, including the Round Up campaign, which is now in its third year. Funds raised by SCF help professional drivers who find themselves in need of assistance while out of work due to a medical issue. In addition, SCF offers several other benefits for the driver community, including tobacco cessation programs, health and wellness guidance and free vaccines.
“We are so grateful for the longstanding relationship with the team at TravelCenters of America and for all the support they have given us over the past 12 years,” said Shannon Currier, Director of Philanthropy at SCF. “Drivers both at home and on the road need our support and the support of our amazing partners and sponsors.”
*The promotion is not applicable in Alabama and South Carolina.
About TravelCenters of America
TravelCenters of America Inc. (Nasdaq: TA) is the nation's largest publicly traded full-service travel center network. Founded in 1972 and headquartered in Westlake, Ohio, its more than 18,000 team members serve guests in 276 locations in 44 states, principally under the TA®, Petro Stopping Centers® and TA Express® brands. Offerings include diesel and gasoline fuel, truck maintenance and repair, full-service and quick-service restaurants, travel stores, car and truck parking and other services dedicated to providing great experiences for its guests. TA is committed to sustainability, with its specialized business unit, eTA, focused on sustainable energy options for professional drivers and motorists, and leverages alternative energy to support its own operations. TA operates over 600 full-service and quick-service restaurants and nine proprietary brands, including Iron Skillet® and Country Pride®. For more information, visit www.ta-petro.com.
About SCF: www.truckersfund.org
The St. Christopher Truckers Relief Fund (SCF) helps over-the-road semi-truck drivers and their families who are out of work due to a recent illness or injury. Assistance may be in the form of direct payment to providers for household living expenses such as rent/mortgage, utilities, vehicle payments, and insurance. The SCF also provides health and wellness programs such as diabetes prevention and smoking cessation. For more information, visit TruckersFund.org.
Tina Arundel
TravelCenters of America
440-250-4758
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MISSISSAUGA, Ontario--(BUSINESS WIRE)--Schneider Electric, the leader in the digital transformation of energy management and automation, today announced it has won the Energy & Sustainability 2022 Microsoft Partner of the Year Award. Schneider was honored among a global field of top Microsoft partners for its innovative EcoStruxure™ software solutions provided to customers that were powered by Microsoft technology, including Azure Cloud and Dynamics 365.
The Microsoft Partner of the Year Awards recognize Microsoft partners that have developed and delivered outstanding Microsoft-based applications, services and devices during the past year. Out of over 3,900 submissions from more than 100 countries across various categories, Schneider Electric was recognized for providing outstanding solutions and services in energy and sustainability.
In 2021, Schneider’s EcoStruxure solutions helped customers reduce their carbon emissions by 84 million tonnes which amount to 347 million tonnes saved or avoided since 2018. These solutions are powered by the most advanced evolution of Microsoft Azure, helping customers achieve their energy and sustainability objectives through the power of electric and digital solutions.
Olivier Blum, Executive Vice-President Energy Management at Schneider Electric, said “Receiving the 2022 Microsoft Energy & Sustainability Partner of the Year Award is a great recognition of the collaborative impact we are making together, to tackle climate change. We are at a critical juncture. Unless immediate action is taken to reduce emissions, we will shortly pass the point of no return. Companies are central to avoiding this; however, alone the impact will not be enough. That is why collaborations such as the one between Schneider and Microsoft are needed to supercharge innovation efforts and create the technology which can turn the tide.”
Customers Schneider Electric has empowered, together with Microsoft, by delivering outstanding solutions and services include:
Leading ESG by example in its ecosystem, Schneider Electric leveraged digital and electric technology in its own buildings:
Schneider Electric and Microsoft have been working together for more than 30 years. The longevity and success continue to be fueled by a shared vision for energy efficiency and sustainability. The ability to accelerate progress comes from the unique expertise that both Microsoft and Schneider can bring, but it is the collaboration that will take sustainability efforts the extra mile.
“I am honored to announce Schneider Electric as the 2022 Microsoft Energy & Sustainability Partner,” said Nick Parker, Corporate Vice President of Global Partner Solutions at Microsoft. “Schneider Electric were outstanding among the exceptional pool of nominees. We were extraordinarily impressed by the innovative use of Microsoft Cloud technologies as part of its EcoStruxure™ software solutions.”
Additional details on the 2022 awards are available HERE.
About Schneider Electric
Schneider’s purpose is to empower all to make the most of our energy and resources, bridging progress and sustainability for all. We call this Life Is On.
Our mission is to be your digital partner for Sustainability and Efficiency.
We drive digital transformation by integrating world-leading process and energy technologies, end-point to cloud connecting products, controls, software and services, across the entire lifecycle, enabling integrated company management, for homes, buildings, data centers, infrastructure and industries.
We are the most local of global companies. We are advocates of open standards and partnership ecosystems that are passionate about our shared Meaningful Purpose, Inclusive and Empowered values.
Follow us on: Twitter | Facebook | LinkedIn | YouTube | Instagram | Blog
Discover the newest perspectives shaping sustainability, electricity 4.0, and next generation automation on Schneider Electric Insights
Hashtags: #PressRelease #EnergyManagement #Software #Sustainability #News
Media Relations - Edelman on behalf of Schneider Electric, Juan Pablo Guerrero, Phone: +1 416 875 7173, Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
GENEVA--(BUSINESS WIRE)--The Middle Eastern division of media group Consultancy.org announced that dss+ has been ranked as a top consulting firm for Lean / Six Sigma consulting capabilities, as well as a top expert in the chemicals industry, earning a Diamond Level ranking in each respectively. dss+ was one of three companies out of more than 200 to be named as a top consulting firm for Operational Excellence services.
The rankings were based on interviews with thousands of executives, consultants and graduates, as well as on assessments of firm capabilities, reputation, analyst benchmarks, industry recognitions and thought leadership.
The firm also achieved six platinum awards – the second highest recognition tier – for their operations, process management, ESG and sustainability capabilities, as well as their expertise in the mining and agricultural sectors.
“I am extremely proud of our team in the Middle East, and the value that they have delivered to clients to merit such a high ranking for Operational Excellence and a range of other services,” said Cedric Parentelli, Managing Director for Europe, Middle East and Africa at dss+. “Their work is intrinsically linked to our core purpose: transforming industries by helping our clients to operate in a smarter, safer, and in a more sustainable manner. To be recognised by the Consultancy.org organisation is an honour.”
Having been active in the region for more than 20 years, dss+ has worked with over 60 clients since 2018 across public utility, oil and gas, chemicals and manufacturing industries. Their Operational Excellence work in the region includes projects with large utilities such as Saudi Arabia’s Saline Water Conversion Corporation (SWCC), where dss⁺ operational excellence transformation enabled an increase in water production by 1.4 million m3 per day, without capital input.
To learn more about how dss⁺ supports clients across the Middle East to transform their operations, please visit https://www.consultdss.com/operations-consulting/.
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About dss+
dss+ is a leading provider of operations management consulting services with a purpose of saving lives and creating a sustainable future. dss+ enables organizations to build organisational and human capabilities, manage risk, improve operations, achieve sustainability goals and operate more responsibly.
Martin Slabbert
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Bin Zayed Petroleum for Investment Ltd, one of the foremost global companies with broad petroleum experience, will market and distribute SDP’s patented Drill-N-Ream® wellbore conditioning system to key end markets in the Middle East and North Africa
Exclusive agreement provides for Bin Zayed Petroleum to purchase approximately $13 million of Drill-N-Reams for the Middle East
VERNAL, Utah--(BUSINESS WIRE)--Superior Drilling Products, Inc. (NYSE American: SDPI) (“SDP” or the “Company”), a designer and manufacturer of drilling tool technologies, announced that its subsidiary, Hard Rock Solutions, LLC, has entered into an exclusive channel partner and distribution agreement with Bin Zayed Petroleum for Investment Limited (Bin Zayed Petroleum), a Seychelles registered company. The agreement covers the full range of sizes of SDP’s patented Drill-N-Ream® (DNR) wellbore conditioning system for the Middle East/North Africa (MENA) regions and will remain in effect subject to the performance and revenue sharing targets being met during the term of the agreement.
“We believe this relationship further validates the capabilities of our technology, and we are thrilled to be teaming up with the experienced Bin Zayed Petroleum team,” commented Troy Meier, Chairman and Chief Executive Officer of SDP. “We have demonstrated the value that our DNR provides at the well site, but given our limited resources, our market reach has been limited, especially as COVID-related restrictions limited travel and customer access. This new partnership provides the DNR and importantly, our Superior Drilling Products brand, significantly more exposure throughout the Middle East and North African regions. We expect this will accelerate adoption rates of the technology as we improve the availability of, and access to, the DNR.”
The agreement provides that Bin Zayed Petroleum will purchase DNR tools from the Company and the Company will repair and maintain the purchased tools at an agreed repair price per tool.
Bin Zayed Petroleum will purchase approximately $13 million of DNRs in quarterly stages over the next twelve months subject to certain conditions that will be evaluated with each purchase tranche. The initial tranche of purchased inventory of approximately $4 million was effective with the execution of the Agreement. Market penetration expectations are still being determined and will be adjusted on a yearly basis.
Edward Envia, Chief Operating Officer, Bin Zayed Petroleum added, “We are excited to partner with SDP and add their advanced drilling solution to our product and service offerings. We believe there is significant demand for the DNR, and expect customers to adopt the technology quickly as we leverage our well-established sales and marketing teams, and broad customer relationships.”
The DNR is a unique reaming assembly technology that increases the drift diameter as it conditions the wellbore during the drilling process, eliminating the requirement for a dedicated reaming run. The MENA countries covered by the new exclusive agreement consist of: Algeria, Bahrain, Egypt, Iran, Iraq, Israel, Jordan, Kuwait, Lebanon, Libya, Morocco, Oman, Qatar, Saudi Arabia, Syria, Tunisia, United Arab Emirates and Yemen.
Mr. Meier concluded, “Like our distribution agreement in North America, this is an excellent sales model distribution relationship that will now exist in these key end markets. We believe this agreement enhances our ability to expand globally and, importantly, monetizes a portion of our current fleet of DNR inventory that was established for the Middle East.”
The revenue associated with the initial inventory purchase will be recognized in the third quarter of 2022.
About Superior Drilling Products, Inc.
Superior Drilling Products, Inc. is an innovative, cutting-edge drilling tool technology company providing cost saving solutions that drive production efficiencies for the oil and natural gas drilling industry. The Company designs, manufactures, repairs and sells drilling tools. SDP drilling solutions include the patented Drill-N-Ream® wellbore conditioning tool and the patented Strider™ oscillation system technology. In addition, SDP is a manufacturer and refurbisher of PDC (polycrystalline diamond compact) drill bits for a leading oil field service company. SDP operates a state-of-the-art drill tool fabrication facility, where it manufactures its solutions for the drilling industry, as well as customers’ custom products. The Company’s strategy for growth is to leverage its expertise in drill tool technology and innovative, precision machining in order to broaden its product offerings and solutions for the oil and gas industry.
Additional information about the Company can be found at: www.sdpi.com.
Safe Harbor Regarding Forward Looking Statements
This news release contains forward-looking statements and information that are subject to a number of risks and uncertainties, many of which are beyond our control. All statements, other than statements of historical fact included in this release, including, without limitations, the success of the distribution partnership in the MENA region, the timing and value of any tool purchases, the ability to increase market penetration of the DNR, the technical capabilities of the DNR, the increase in market exposure in the Middle East, and the rate of adoption of the DNR tool are forward-looking statements. The use of words “could,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “may,” “continue,” “predict,” “potential,” “project”, “forecast,” “should” or “plan, and similar expressions are intended to identify forward-looking statements, although not all forward -looking statements contain such identifying words. These statements reflect the beliefs and expectations of the Company and are subject to risks and uncertainties that may cause actual results to differ materially. These risks and uncertainties include, among other factors, the duration of the COVID-19 pandemic and related impact on the oil and natural gas industry, the effectiveness of success at expansion in the Middle East, options available for market channels in North America, the deferral of the commercialization of the Strider technology, the success of the Company’s business strategy and prospects for growth; the market success of the Company’s specialized tools, effectiveness of its sales efforts, its cash flow and liquidity; financial projections and actual operating results; the amount, nature and timing of capital expenditures; the availability and terms of capital; competition and government regulations; and general economic conditions. These and other factors could adversely affect the outcome and financial effects of the Company’s plans and described herein. The Company undertakes no obligation to revise or update any forward-looking statements to reflect events or circumstances after the date hereof.
For more information, contact investor relations:
Deborah K. Pawlowski
Kei Advisors LLC
(716) 843-3908
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CARNEGIE, Pa.--(BUSINESS WIRE)--Ampco-Pittsburgh Corporation (NYSE: AP) (“Ampco-Pittsburgh” or the “Corporation”) today announced it has extended its previously announced offer to exercise (the “Offer to Exercise”) 0.4464 shares of the Corporation’s common stock, $1.00 par value per share (“Common Stock”) at an exercise price of $1.7856 per Series A Warrant (or $4.00 per whole share of Common Stock) until 11:59 p.m. (Eastern Time), on July 15, 2022, unless further extended or terminated. The Offer to Exercise was previously scheduled to expire at 11:59 p.m. (Eastern Time), on June 28, 2022. As of June 28, 2022, 72,201 Series A Warrants have been tendered and not withdrawn.
Except for the extension of the expiration date, all of the material terms and conditions set forth in the Offer to Exercise and the other offering materials for the Series A Warrants tender offer remain unchanged.
No Offer or Solicitation
This announcement is not intended to and does not constitute an offer to sell or the solicitation of an offer to subscribe for or buy or an invitation to purchase or subscribe for any securities or the solicitation of any vote or approval in any jurisdiction, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in contravention of applicable law. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.
Additional Information
The discussion of the Offer to Exercise contained in this press release is for informational purposes only and is neither an offer to buy nor a solicitation of an offer to sell securities. Holders of the Corporation’s outstanding Series A Warrants should read those materials and the documents in the Tender Offer Statement on Schedule TO-I filed with the SEC carefully because they contain important information, including the various terms and conditions of the tender offer. The Tender Offer Statement, including the Offer to Exercise and other related materials, are also available to Warrant holders at no charge on the SEC’s website at www.sec.gov or from the Corporation. Holders of the Corporation’s Series A Warrants are urged to read those materials carefully prior to making any decisions with respect to the tender offer.
A registration statement and prospectus supplement thereto relating to the exercise of the Series A Warrants in the Offer have been filed with the SEC. Copies of the prospectus supplement relating to the exercise of the Series A Warrants, together with the accompanying base prospectus included in the registration statement, may be obtained from the SEC at http://www.sec.gov, or from the Corporation at 726 Bell Avenue, Suite 301, Carnegie, PA 15106; Telephone: (412) 456-4470.
About Ampco-Pittsburgh Corporation
Ampco-Pittsburgh Corporation manufactures and sells highly engineered, high-performance specialty metal products and customized equipment utilized by industry throughout the world. Through its operating subsidiary, Union Electric Steel Corporation, it is a leading producer of forged and cast rolls for the global steel and aluminum industries. It also manufactures open-die forged products that are sold principally to customers in the steel distribution market, oil and gas industry, and the aluminum and plastic extrusion industries. The Corporation is also a producer of air and liquid processing equipment, primarily custom-engineered finned tube heat exchange coils, large custom air handling systems and centrifugal pumps. It operates manufacturing facilities in the United States, England, Sweden, and Slovenia and participates in three operating joint ventures located in China. It has sales offices in North America, Asia, Europe, and the Middle East. Corporate headquarters is located in Carnegie, Pennsylvania.
Forward-Looking Statements
The Private Securities Litigation Reform Act of 1995 (the “Act”) provides a safe harbor for forward-looking statements made by us or on behalf of the Corporation. This press release may include, but is not limited to, statements about the Corporation’s ability to complete the Offer; operating performance, trends and events that the Corporation expects or anticipates will occur in the future, statements about sales and production levels, restructurings, the impact from global pandemics (including COVID-19), profitability and anticipated expenses, inflation, the global supply chain, future proceeds from the exercise of outstanding warrants, and cash outflows. All statements in this document other than statements of historical fact are statements that are, or could be, deemed “forward-looking statements” within the meaning of the Act and words such as “may,” “will,” “intend,” “believe,” “expect,” “anticipate,” “estimate,” “project,” “forecast” and other terms of similar meaning that indicate future events and trends are also generally intended to identify forward-looking statements. Forward-looking statements speak only as of the date on which such statements are made, are not guarantees of future performance or expectations, and involve risks and uncertainties. For the Corporation, these risks and uncertainties include, but are not limited to cyclical demand for products and economic downturns; excess global capacity in the steel industry; fluctuations of the value of the U.S. dollar relative to other currencies; increases in commodity prices, reductions in electricity and natural gas supply or shortages of key production materials; limitations in availability of capital to fund our operations and strategic plan; inability to maintain adequate liquidity in order to meet our operating cash flow requirements, repay maturing debt and meet other financial obligations; inability to obtain necessary capital or financing on satisfactory terms in order to acquire capital expenditures that may be required to support our growth strategy; inoperability of certain equipment on which we rely; liability of our subsidiaries for claims alleging personal injury from exposure to asbestos-containing components historically used in certain products of our subsidiaries; changes in the existing regulatory environment; inability to successfully restructure our operations; consequences of global pandemics (including COVID-19); work stoppage or another industrial action on the part of any of our unions; inability to satisfy the continued listing requirements of the New York Stock Exchange or the NYSE American Exchange; potential attacks on information technology infrastructure and other cyber-based business disruptions; failure to maintain an effective system of internal controls; disruptions caused by hostilities, including any disruptions caused by the hostilities in Ukraine; and those discussed more fully elsewhere in this report and in documents filed with the Securities and Exchange Commission by the Corporation, particularly in Item 1A, Risk Factors, in Part I of the Corporation’s latest Annual Report on Form 10-K, and Part II of the latest Quarterly Report on Form 10-Q. The Corporation cannot guarantee any future results, levels of activity, performance or achievements. In addition, there may be events in the future that the Corporation may not be able to predict accurately or control which may cause actual results to differ materially from expectations expressed or implied by forward-looking statements. Except as required by applicable law, the Corporation assumes no obligation, and disclaims any obligation, to update forward-looking statements whether as a result of new information, events or otherwise.
Michael G. McAuley
Senior Vice President, Chief Financial Officer and Treasurer
(412) 429-2472
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Adept Ranks #1 in Usability, Implementation, Support, Adoption and Relationship in G2’s Summer 2022 Reports
QUAKERTOWN, Pa.--(BUSINESS WIRE)--#ECM--Synergis Software, a global leader in engineering document management and workflow solutions, today announced that Synergis Adept has earned over 40 #1 rankings in G2’s Summer 2022 Grid Reports. These first-place rankings cross over four categories: Enterprise Content Management, Product Data Management, Construction Management, and Construction Drawing Management.
"The G2 reports highlight Adept’s advantages customers value most---usability, fast and easy implementation, responsive support, high user adoption, and a partner that is easy to do business with,” says Scott Lamond, vice president of marketing at Synergis Software. “Thanks to our customers, Adept has maintained these top placements for eight consecutive quarters. We are truly grateful for the trust and loyalty of our remarkable global community.”
A consistent theme throughout the summer reviews is Adept’s flexibility and ease of use, searching, and configuration. Customers also value Adept’s unique vaulting methodology, which doesn’t move or scramble files in a proprietary database and its reliable, centralized platform that delivers fast access to drawings documents in a secure environment from anywhere.
Quotes from Verified Users about Synergis Adept
“The product is very good but any product that is not well supported is useless. Synergis has the BEST support service I have ever seen in the software industry.”
Howard Shapiro, Automation Project Manager, Novozymes North America
“Adept is a straightforward, feature rich system. The document vault uses the file names, not some crazy hashed out naming scheme like so many other systems. Tech support is top notch!”
Brian Cranston, CAD Designer/Administrator, LSI Industries
“Adept is our central engineering drawing repository for equipment across all of our plants. The system allows engineers to enter, revise, and store the most recent documentation, while also having the ability to view past revisions. It provides view and print capabilities of up-to-date prints to personnel in maintenance, operations, and purchasing.”
Emily McCarty, Project Engineering Specialist, Timken Steel
The G2 reports are based on direct customer response combined with G2’s unique algorithm that calculates customer satisfaction and market presence scores in real-time.
The G2 Summer 2022 badges for Synergis Adept include:
For more details about Adept in the G2 Spring 2022 Reports, visit our website.
About Synergis Software
Synergis Software is a global leader in document management and workflow solutions and is the creator of Synergis Adept software. Adept serves more than 120,000 users across dozens of industries providing fast, centralized access to design and business documents in a secure, collaborative environment. Adept Integrator connects your enterprise applications so data and business processes flow seamlessly across the entire IT infrastructure.
Synergis was named the customer service leader in the global engineering information management market by Frost & Sullivan and ranked in the Top 5 globally by Helpdesk International for three consecutive years.
Adept has been proven by engineers for over 30 years with customers such as Dow Chemical, Con Edison, General Mills, Merck, NASA, and Nucor Steel.
For more information, visit SynergisSoftware.com.
About G2 Crowd
G2 is the world’s largest and most trusted tech marketplace where people can discover, review, and manage the software they need to reach their potential. More than 3M people visit G2 to read and write reviews about thousands of software products and services.
Scott Lamond
Vice President of Marketing
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Phone: 215-302-3006.
ST. CATHARINES, Ontario--(BUSINESS WIRE)--#yourmarinecarrierofchoice--Algoma Central Corporation (TSX: ALC) released its 2020/2021 Corporate Sustainability Report that details the Company’s sustainability priorities, actions and progress across the three pillars of people, planet and prosperity.
“I am pleased to share with you Algoma’s latest sustainability report covering 2020 and 2021. Reflecting on our progress over the last two years brings me immense pride,” said Gregg Ruhl, President and CEO of Algoma Central Corporation. “We have surpassed great milestones and broke multiple records all while navigating challenges and adapting quickly to change brought forth by the global COVID-19 pandemic. This success is a direct result of the passion, dedication and teamwork of our people both ship and shore. This report illustrates our commitment to being a sustainable company and details our progress, challenges and achievements while also looking at our vision for the future,” continued Mr. Ruhl.
Notable 2021 report highlights include:
Algoma has published a report on its sustainability performance bi-annually since 2011, with the last report covering the 2018/2019 reporting years. This report summarizes our management approach and performance on environmental, safety and social issues and indicators for the 2020/2021 period. The contents of the report were guided by the Global Reporting Initiative (GRI) Sustainability Reporting Standards and Sustainability Accounting Standards Board (SASB).
Click here to read Algoma’s 2020/2021 Corporate sustainability Report.
About Algoma Central Corporation
Algoma owns and operates the largest fleet of dry and liquid bulk carriers operating on the Great Lakes - St. Lawrence Waterway, including self-unloading dry-bulk carriers, gearless dry-bulk carriers and product tankers. Since 2010 we have introduced 10 new build vessels to our domestic dry-bulk fleet, with one under construction and expected to arrive in 2024, making us the youngest, most efficient and environmentally sustainable fleet on the Great Lakes. Each new vessel reduces carbon emissions on average by 40% versus the ship replaced. Algoma also owns ocean self-unloading dry-bulk vessels operating in international markets and a 50% interest in NovaAlgoma, which owns and operates a diversified portfolio of dry-bulk fleets serving customers internationally. Algoma truly is Your Marine Carrier of Choice™. For more information about Algoma, visit the Company's website at www.algonet.com
Gregg A. Ruhl
President & CEO
Algoma Central Corporation
905-687-7890
J. Wesley Newton
Executive Vice-President, Strategy & Business Development
Algoma Central Corporation
905-687-7836
DUBLIN--(BUSINESS WIRE)--The "Global Directional Drilling Market, By Type (Conventional System, Rotary Steerable System), By Component, By Service, By Technology, By Application, By Offshore Application, By Field Development Type, By Region, Competition Forecast and Opportunities, 2027" report has been added to ResearchAndMarkets.com's offering.
The Global Directional Drilling Market is anticipated to grow at a steady rate with a CAGR of 5.71% in the forecast period to reach USD11.43 billion by 2027.
Growing energy requirements, quick installation ability, and increased adoption of automation technology in directional drilling are the primary factors driving the demand for the Global Directional Drilling Market.
The surge in investments in offshore exploration activities and the growing focus on the extraction of shale gas reserves by leading authorities to fulfill the ever-increasing energy requirements of consumers is impacting the market demand positively. The presence of abundant unconventional oil & gas reserves and the need to efficiently procure energy from these reserves by using advanced extraction technologies such as directional drilling techniques are expected to bolster the Global Directional Drilling Market demand. Also, the increasing usage of automation technology in directional drilling to optimize the oil & gas extraction process and obtain real-time updates to improve accuracy is expected to drive the market demand through the next five years. However, high operating costs of directional drilling process may restrain the growth of the Global Directional Drilling Market in the forecast period.
The Global Directional Drilling Market is segmented into type, component, service, technology, application, field development type, region, and company. On the basis of regional analysis, North America dominated the market in 2021, accounting for the largest market share of 30.45%, and is expected to maintain its dominance throughout the forecast period. Early adoption of modern technology by the oil & gas industry and the ongoing technological advancements in drilling such as multi-stage hydraulic fracturing are expected to create lucrative opportunities for market growth. In the United States and Canada, the demand for shale gas and tight oil is growing at an impressive rate, and they are being considered the vital energy reserves for the region's growth.
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Companies Mentioned
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In this report, the Global Directional Drilling Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
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For more information about this report visit https://www.researchandmarkets.com/r/sue0ps
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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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 applications, has announced its new Battery Integration Workshop for OEM customers.
The Battery Integration Workshop is a hands-on program designed by Romeo’s sales, engineering and product development experts that facilitates an OEM’s understanding of the Company’s battery technology and applications. This workshop represents a unique offering in the commercial EV market, dually creating value for battery and Battery Management System (BMS) customers while furthering Romeo’s strategy to support customers with service and insight through all stages of electrification.
“As a pioneer in EV battery technology and vehicle electrification, we understand that the transition to electrification is a complex process,” said Chief Executive Officer Susan Brennan. “Working with a broad range of customers in targeted verticals, our team has collectively identified an unfulfilled industry need to understand better how EV battery products and associated technology integrate into their own specific applications.”
The one-and-a-half-day program combines lab, theory and participation that is highly customized for each OEM. The Company is currently scheduling Battery Integration Workshops for existing customers.
“Romeo’s Battery Integration Workshop is one of several add-on services that the Company offers our customers to give them a broader perspective into battery technology and to enhance their knowledge base for improved product adoption and performance,” Brennan said. “The more we empower our customers, the more efficient and productive they become. It’s another way we share our expertise, create long-standing value for battery and BMS customers, and differentiate ourselves in a highly competitive environment.”
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 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
DUBLIN--(BUSINESS WIRE)--The "Global Seismic Services Market, By Service (Data Acquisition, Data Processing and Interpretation), By Technology (2D imaging, 3D imaging, and 4D imaging), By Location of Deployment (Onshore, Offshore), By Application, By Region, Competition Forecast and Opportunities, 2017-2027" report has been added to ResearchAndMarkets.com's offering.
The global seismic services market is expected to grow at a significant rate during the forecast period. The market growth can be attributed to the rising use of seismic services for oil and ongoing technological advancements.
Companies Mentioned
Seismic services are used to create a 2D and 3D image of the earth's crust and ocean bed for finding oil and gas reserves deep inside the earth's surface.
The seismic data is crucial to lower the risk of boring processes and reduce environmental impact and the need for further exploration activities. The growing use of oil and gas for various applications and the surge in infrastructural development and construction activities are expected to fuel the global seismic services market demand during the forecast period. Leading government authorities are introducing schemes and policies for rapid infrastructural development of railway networks, airways, residential and commercial spaces.
Thus, continuous development in construction activities is propelling the growth of the global seismic services market. Market players are heavily investing in research and development activities to find innovative and affordable technologies for better mapping and improved image quality, which is expected to fuel the growth of the global seismic services market in the forecast period. High-resolution 3D designing, multi-component 3D acquisition, cable-less 2D and 3D seismic recording systems are some of the advanced features introduced by the market players, which is accelerating the adoption of seismic services.
The global seismic services market is segmented by service, technology, location of deployment, application, regional distribution, and competition landscape. Based on the service, the market is divided into data acquisition, data processing, and interpretation. The data acquisition segment is anticipated to hold the largest share in the global seismic services market due to the growing need for finding new oil and gas reserves. Based on the technology, the market is divided into 2D imaging, 3D imaging, and 4D imaging. The 3D imaging segment is expected to dominate the market in the forecast period due to high demand from oil and gas companies and solve problems, lower risk of production, etc.
Years Considered for This Report:
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In this report, global seismic services market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Seismic Services Market, By Service:
Seismic Services Market, By Technology:
Seismic Services Market, By Location of Deployment:
Seismic Services Market, By Application:
Seismic Services Market, By Region:
For more information about this report visit https://www.researchandmarkets.com/r/i95qqw
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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SEATTLE--(BUSINESS WIRE)--Today Sustainable Living Innovations (SLI) announced that it had installed the final steel beam and manufactured building panel for its 15-story, 112-unit apartment building under construction in Seattle’s Belltown neighborhood. SLI installed the first steel beams and panels in October 2021.
SLI’s patent-protected technology platform is a new way to build, using wall and floor panels that are manufactured with electrical wiring, plumbing, mechanical and fire safety equipment pre-installed. By designing and manufacturing buildings as a product similar to cars and airplanes, SLI’s high-rise buildings go up faster and meet the world’s highest standards of sustainability.
“This is an important milestone for sustainability, our company, our employees, our investors and so many others who have supported us,” said Arlan Collins, CEO of SLI. “303 Battery is tangible proof that we can achieve the highest levels of sustainability using our technology.”
The installation crew, SLI employees, investors and other partners signed the beam and panel before the tower crane swung both of the building’s final structural pieces into place.
Carrie Cassidy, Chief Construction Officer of SLI said, “It’s been a lot of hard work to have reached this point. My deepest thanks to our dedicated team of partners who made this day possible.”
303 Battery will be the world’s first multifamily tower to meet the stringent net zero energy requirements set by the International Living Future Institute’s Living Building Challenge program, the same organization that certified Seattle’s Bullitt Center. Features include solar on the building’s roof, exterior walls and balconies in each unit, greywater and waste heat recovery systems, ultra-efficient hydronic heating and cooling systems, regenerative elevator motors, distributed DC power systems, and SLI’s advanced network systems and data management platform to ensure optimal building operations.
303 Battery will be completed in December, with tenants anticipated to move into the building early 2023.
303 Battery includes approximately 900 panels that were manufactured in SLI’s Tacoma, Washington facility and are being assembled on site. Ten primary panel types were used in the construction of 303 Battery, with panels for walls, floors, and ceilings of each room – living room, kitchen, bedroom, bathroom – and specialized elevator panels.
About Sustainable Living Innovations
Sustainable Living Innovations (SLI) is a building technology and product development company that is disrupting the world’s largest addressable market by reimagining how buildings are designed, built, and operated. The company is revolutionizing the built environment by producing technology-enabled finished buildings that exceed the world’s most stringent sustainability standards and also help solve the affordable housing crisis. SLI designs, develops, and manufactures complete technology-enabled buildings using proprietary, high-performance building panels complete with integrated mechanical, electrical, plumbing, fire safety and network systems infrastructure. SLI’s finished buildings are more sustainable, as well as faster to design and complete versus conventional buildings. The company employs more than 80 people with offices in Seattle and Denver and operates a showroom in Seattle and a manufacturing facility in Tacoma, Washington.
Suzette Riley, This email address is being protected from spambots. You need JavaScript enabled to view it.; 206-409-1960
Company jumped more than 40 spots on the 100 Best Corporate Citizens list since last year; is among top three utilities
BRYN MAWR, Pa.--(BUSINESS WIRE)--Essential Utilities Inc. (NYSE: WTRG) today announced it has once again been named to 3BL Media’s 100 Best Corporate Citizens list for the second consecutive year, moving from #90 to #42 and placing among the top three utilities. Within the utilities industry, Essential ranked #1 in Environment, Climate Change, Human Rights and ESG Performance, and #4 in Environment overall. The ranking emphasizes Essential’s commitment to environmental, social and governance (ESG) transparency and performance among the 1,000 largest publicly traded U.S. companies.
“Our ESG work is a critical part of our company and plays an important role in our corporate strategy. Our inclusion in the list of best corporate citizens—and specifically such a large improvement in our position in one year— speaks to our commitment to become a more responsible, sustainable and equitable company,” said Christopher Franklin, chairman and CEO of Essential Utilities. “We are honored to be recognized for our progress and remain focused on setting and achieving ambitious ESG goals as we continue to think broadly about the environmental and social impact of our company.”
The 2022 methodology is based on 155 ESG factors across eight pillars: Climate Change, Environment, ESG Performance, Financial, Governance, Human Rights, Stakeholders and Society. Information is obtained from publicly available sources only.
Essential Utilities, through its subsidiaries, Aqua and Peoples Natural Gas, has more than 250 years of combined experience in operating sustainably and responsibly while ensuring safe and reliable access to the Earth’s most essential resources. In 2021, Essential reported ESG results and published new, aggressive targets for reducing carbon emissions and increasing employee and supplier diversity across the business.
In addition to this latest recognition, Essential previously announced strong ESG scores from three prominent agencies and was named to Newsweek’s Most Responsible Companies list for 2022. Learn more about their ESG targets and performance at esg.essential.co.
About Essential
Essential is one of the largest publicly traded water, wastewater and natural gas providers in the U.S., serving approximately 5.5 million people across 10 states under the Aqua and Peoples brands. Essential is committed to excellence in proactive infrastructure investment, regulatory expertise, operational efficiency and environmental stewardship. The company recognizes the importance water and natural gas play in everyday life and is proud to deliver safe, reliable services that contribute to the quality of life in the communities it serves. For more information, visit http://www.essential.co.
WTRGG
Sarah Courtright
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