COLUMBUS, Ind.--(BUSINESS WIRE)--Today, Cummins Inc. (NYSE: CMI) announced the election of Gary Belske to its Board of Directors.
“I am thrilled to add Gary to our Board of Directors,” said Tom Linebarger, Chairman and CEO, Cummins Inc. “Gary will enhance the strength of our board with his leadership experience, knowledge of a broad range of industries, and deep expertise in financial reporting that can augment the rigor and transparency of our financial processes.”
Belske had a 38-year career at Ernst & Young before retiring in Dec. 2016. In his most recent role as Ernst & Young’s Deputy Managing Partner and Chief Operating Officer, he was responsible for the overall strategy and operations for the Americas, where he oversaw business in 16 countries with approximately $15 billion in revenue, 50,000 employees and 4,000 partners. Prior to that, Belske served in other key leadership positions at Ernst & Young and worked with several of the firm’s largest global clients.
Belske has extensive board experience, having served on Ernst & Young’s Americas and U.S. Boards for a decade. He also currently serves on the national board of College for Every Student and on the Board of Trustees at Rockhurst University. Since retiring from Ernst & Young, he has served on the Board of WilliamsMarston, an accounting, tax and valuation advisory firm.
About Cummins Inc.
Cummins Inc., a global power leader, is a corporation of complementary business segments that design, manufacture, distribute and service a broad portfolio of power solutions. The company’s products range from diesel, natural gas, electric and hybrid powertrains and powertrain-related components including filtration, aftertreatment, turbochargers, fuel systems, controls systems, air handling systems, automated transmissions, electric power generation systems, batteries, electrified power systems, hydrogen generation and fuel cell products. Headquartered in Columbus, Indiana (U.S.), since its founding in 1919, Cummins employs approximately 59,900 people committed to powering a more prosperous world through three global corporate responsibility priorities critical to healthy communities: education, environment and equality of opportunity. Cummins serves its customers online, through a network of company-owned and independent distributor locations, and through thousands of dealer locations worldwide and earned about $2.1 billion on sales of $24.0 billion in 2021. See how Cummins is powering a world that’s always on by accessing news releases and more information at https://www.cummins.com/always-on.
Forward-looking disclosure statement
Information provided in this release that is not purely historical are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding our forecasts, guidance, preliminary results, expectations, hopes, beliefs and intentions on strategies regarding the future. These forward-looking statements include, without limitation, statements relating to our plans and expectations for our revenues and EBITDA. Our actual future results could differ materially from those projected in such forward-looking statements because of a number of factors, including, but not limited to: any adverse results of our internal review into our emissions certification process and compliance with emission standards; increased scrutiny from regulatory agencies, as well as unpredictability in the adoption, implementation and enforcement of emission standards around the world; changes in international, national and regional trade laws, regulations and policies; any adverse effects of the U.S. government's COVID-19 vaccine mandates; changes in taxation; global legal and ethical compliance costs and risks; increasingly stringent environmental laws and regulations; future bans or limitations on the use of diesel-powered products; any adverse effects of the conflict between Russia and Ukraine and the global response (including government bans or restrictions on doing business in Russia); failure to successfully execute or integrate the acquisition of Meritor, Inc.; failure to realize all of the anticipated benefits from our announced acquisition of Meritor, Inc.; raw material, transportation and labor price fluctuations and supply shortages; aligning our capacity and production with our demand; the actions of, and income from, joint ventures and other investees that we do not directly control; large truck manufacturers' and original equipment manufacturers' customers discontinuing outsourcing their engine supply needs or experiencing financial distress, bankruptcy or change in control; product recalls; variability in material and commodity costs; the development of new technologies that reduce demand for our current products and services; lower than expected acceptance of new or existing products or services; product liability claims; our sales mix of products; failure to complete, adverse results from or failure to realize the expected benefits of the separation of our filtration business; our plan to reposition our portfolio of product offerings through exploration of strategic acquisitions and divestitures and related uncertainties of entering such transactions; challenging markets for talent and ability to attract, develop and retain key personnel; climate change and global warming; exposure to potential security breaches or other disruptions to our information technology environment and data security; political, economic and other risks from operations in numerous countries including political, economic and social uncertainty and the evolving globalization of our business; competitor activity; increasing competition, including increased global competition among our customers in emerging markets; labor relations or work stoppages; foreign currency exchange rate changes; the performance of our pension plan assets and volatility of discount rates; the price and availability of energy; continued availability of financing, financial instruments and financial resources in the amounts, at the times and on the terms required to support our future business; and other risks detailed from time to time in our SEC filings, including particularly in the Risk Factors section of our 2021 Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Shareholders, potential investors and other readers are urged to consider these factors carefully in evaluating the forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements made herein are made only as of the date of this press release and we undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise. More detailed information about factors that may affect our performance may be found in our filings with the SEC, which are available at http://www.sec.gov or at http://www.cummins.com in the Investor Relations section of our website.
Jon Mills – Director, External Communications
317-658-4540
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Customers can access the most secure, direct and reliable fibre connection between the UK and continental Europe
LONDON--(BUSINESS WIRE)--Zayo announced today the launch of its new Zeus subsea route connecting the UK and continental Europe via access points in Lowestoft, UK and Zandvoort, Netherlands. Zayo engineered Zeus to be the most dense, deeply-buried and robust cable available in the North Sea, and the route includes terrestrial backhaul connectivity to London and Amsterdam.
“Meeting the connectivity needs of tomorrow requires deploying the most advanced network today, and that’s exactly what we’ve built for customers who want a hyper-fast and ultra-reliable connection between the UK and mainland Europe,” said Jesper Aagaard, president of Zayo Europe. “Zeus is now the strongest connection available in the region. We utilized the best cable available, buried it deeper in the seabed than our competitors and made it even more reliable than alternatives. We are confident our customers will benefit from this project for years- and even decades- to come.”
Zeus was specifically-designed for speed, security and reliability. At 192 fibres, Zeus contains the highest fibre count connecting the UK and mainland Europe. Zayo utilized Ultra Low Loss (ULL) optical fibres, so wavelength throughput on a single channel between London and Amsterdam can reach up to 600G. To meet customers’ next-generation bandwidth needs, the network can handle 2,650 Tbps of C Band when at capacity.
Zeus is now the deepest-buried cable in the North Sea, located between 2 and 3 metres under the seabed in comparison with half a metre for existing, outdated cables. The cable is guaranteed to be 100% dual-armored - all the way through the joints - to prevent interference. To ensure an optimal customer experience, Zayo continuously monitors Zeus via OTDR devices for rapid fault identification. In addition, Zayo will be leveraging a 24 X 7 guard vessel to monitor any activity along the path.
“The North Sea is an extremely challenging body of water for a subsea project like Zeus. Not only are there harsh weather conditions and relentless currents, the seabed is littered with items, some as simple as a discarded aluminum can and some as formidable as unexploded bombs left over from the Second World War,” said Geir Holmer, CEO of JTD Associates and a key consultant on the project. “Not only did we overcome these challenges, we worked tirelessly with Zayo to ensure this route was built to last - making it the most resilient route across the North Sea. I’m proud to have been part of this project, and what it will enable.”
As part of the project, the team worked with the Royal Netherlands Navy to detonate a large, 80- year-old explosive that had been left on the seabed since World War II. The team also put sustainability first, working to limit disruption and preserve the ecology of the sea. More on the detonation, as well as the team’s process, is available here.
As customers come online on Zeus, Zayo is continuing to augment its European-based NOC to provide customers best-in-class service. At a time when many in the industry are outsourcing essential customer support functions, Zayo is locating this team in its European headquarters, based in central London. Zayo’s European team is also preparing to launch a new ULL route connecting Frankfurt to Milan via Zurich, an important route for financial customers.
About Zayo
Zayo Group Holdings, Inc. is the leading global communications infrastructure platform, delivering a range of solutions, including fiber & transport, packet and managed edge services. Zayo owns and operates a Tier 1 IP backbone spanning 134,000 miles across North America and Europe. By providing this mission-critical bandwidth to its category-leading customers across the wireless, hyperscale, media, tech and finance industries, Zayo is fueling the innovations that are transforming society. For more information, visit https://zayo.com.
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EWING, N.J.--(BUSINESS WIRE)--$OLED #OLED--Universal Display Corporation (Nasdaq: OLED), enabling energy-efficient displays and lighting with its UniversalPHOLED® technology and materials, today announced its results for the second quarter, ended June 30, 2022, will be released on Thursday, August 4, 2022 after market close. At that time, a copy of the financial results release will be available on the Company’s website at https://oled.com/.
In conjunction with this release, Universal Display will host a conference call on Thursday, August 4, 2022, at 5:00 p.m. Eastern Time. The live webcast of the conference call can be accessed under the events page of the Company's Investor Relations website at ir.oled.com. Those wishing to participate in the live call should dial 1-877-524-8416 (toll-free) or 1-412-902-1028. Please dial in 5-10 minutes prior to the scheduled conference call time. An online archive of the webcast will be available within two hours of the conclusion of the call.
About Universal Display Corporation
Universal Display Corporation (Nasdaq: OLED) is a leader in the research, development and commercialization of organic light emitting diode (OLED) technologies and materials for use in display and solid-state lighting applications. Founded in 1994 and with subsidiaries and offices around the world, the Company currently owns, exclusively licenses or has the sole right to sublicense more than 5,500 patents issued and pending worldwide. Universal Display licenses its proprietary technologies, including its breakthrough high-efficiency UniversalPHOLED® phosphorescent OLED technology that can enable the development of energy-efficient and eco-friendly displays and solid-state lighting. The Company also develops and offers high-quality, state-of-the-art UniversalPHOLED materials that are recognized as key ingredients in the fabrication of OLEDs with peak performance. In addition, Universal Display delivers innovative and customized solutions to its clients and partners through technology transfer, collaborative technology development and on-site training. To learn more about Universal Display Corporation, please visit https://oled.com/.
Universal Display Corporation and the Universal Display Corporation logo are trademarks or registered trademarks of Universal Display Corporation. All other company, brand or product names may be trademarks or registered trademarks.
All statements in this document that are not historical, such as those relating to the projected adoption, development and advancement of the Company’s technologies, and the Company’s expected results and future declaration of dividends, as well as the growth of the OLED market and the Company’s opportunities in that market, are forward-looking financial statements within the meaning of the Private Securities Litigation Reform Act of 1995. You are cautioned not to place undue reliance on any forward-looking statements in this document, as they reflect Universal Display Corporation’s current views with respect to future events and are subject to risks and uncertainties that could cause actual results to differ materially from those contemplated. These risks and uncertainties are discussed in greater detail in Universal Display Corporation’s periodic reports on Form 10-K and Form 10-Q filed with the Securities and Exchange Commission, including, in particular, the section entitled “Risk Factors” in Universal Display Corporation’s Annual Report on Form 10-K for the year ended December 31, 2021. Universal Display Corporation disclaims any obligation to update any forward-looking statement contained in this document.
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Darice Liu
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Attendees, including top aerospace industry leaders and dignitaries from the Occitanie Region, received a first look at latest Universal Hydrogen progress towards zero-carbon aviation solutions
TOULOUSE, France--(BUSINESS WIRE)--#aerospace--Universal Hydrogen Co., the company leading the fight to decarbonize aviation through the adoption of hydrogen as a universal fuel, today announced the inauguration of its engineering design center and European headquarters in Toulouse, France. Located in the historic Hangar B16 at Toulouse-Blagnac Airport, the event was attended by industry leaders and dignitaries. Universal Hydrogen also debuted its newly-liveried ATR 72 test aircraft used for developing the hydrogen retrofit kit and hydrogen module operational handling experiments.
“Toulouse is the cradle of the European aerospace industry and has been an essential element of our talent and partner strategy,” said Paul Eremenko, co-founder and CEO of Universal Hydrogen. “We’re eager to showcase our progress toward decarbonizing aviation.”
Additionally, the opening event highlighted Universal Hydrogen’s liquid hydrogen modular capsule technology as well as the company’s renovation of the historic B16 hangar. The liquid hydrogen capsule development is one of the key focus areas for the Toulouse team and has exceeded key performance targets in latest full-scale prototype testing. Hangar B16 was originally built in the 1940s and was first used as a civil hangar for aircraft maintenance before being occupied by Airbus during the development of the Guppy and the Caravelle. After the opening of today’s Toulouse-Blagnac Airport in 1953, the hangar was modified, elevated, and divided into two separate facilities in the 1960s. Today, it remains one the most historic and storied buildings on the airport. Universal Hydrogen honors this rich legacy by making B16 the crucible of a new era of zero-carbon aviation.
“The EU has taken a leading role in developing hydrogen as a near-term decarbonization option for transport applications, including aviation,” said Pierre Farjounel, General Manager Europe of Universal Hydrogen. “This is one of the main reasons we chose to have a significant EU footprint for Universal Hydrogen and we are keen to leverage Toulouse’s historical role as a leader in aerospace innovation to position the region as a leading hub in climate tech.”
“The Occitanie Region has always been a pioneer in aviation. More than ever, we want to pave the way for zero-emission flight and place sustainability at the heart of the industry,” said Occitanie Region president Carole Delga. “We’ve been committed since 2018 to developing hydrogen technologies in the Region and we are delighted to welcome in Occitanie, Universal Hydrogen, one of the leading players in the decarbonisation of aviation.”
About Universal Hydrogen
Universal Hydrogen is making hydrogen-powered commercial flight a near-term reality. The company takes a flexible, scalable, and capital-light approach to hydrogen logistics by transporting it in modular capsules over the existing freight network from green production sites directly to the airplane anywhere in the world. The company is targeting regional and narrowbody/single aisle airplanes as the near-term and most impactful decarbonization opportunities. Universal Hydrogen is also working to certify a powertrain conversion kit to retrofit existing regional aircraft to fly on hydrogen.
Media
Kate Gundry
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HOUSTON--(BUSINESS WIRE)--Crestwood Equity Partners LP (NYSE: CEQP) (“Crestwood”) announced today the closing of the previously announced Delaware Basin acquisitions of Sendero Midstream Partners LP (“Sendero”) for approximately $600 million in cash and First Reserve’s 50% interest in Crestwood Permian Basin Holdings LLC (“CPJV”) for 11.3 million Crestwood common units. Additionally, on July 1, 2022, Crestwood completed the previously announced divestiture of its Barnett Shale assets for $275 million in cash.
As a result of these strategic transactions, Crestwood has high graded its asset portfolio in the prolific Delaware Basin and has significantly expanded its operational footprint in Eddy County, New Mexico, one of the most active counties in the contiguous United States. Based on current producer activity levels, a planned integration of the Sendero and CPJV gathering systems, immediate operating, customer, and project synergies, and 550 MMcf/d of total processing capacity, Crestwood expects the Delaware Basin to become its second largest cash flow contributor, representing approximately 20% of total cash flow in 2023.
Changes to the Board of Directors
On July 1, 2022, Oasis Petroleum Inc. (“Oasis”), Crestwood’s largest customer in the Williston Basin, completed its merger with Whiting Petroleum Corporation (“Whiting”), forming Chord Energy Corporation (NASDAQ: CHRD) (“Chord”). The formation of Chord creates a financially strong unconventional U.S. oil producer focused on development in the Williston Basin.
Following the formation of Chord, Oasis has transferred to Chord its Crestwood common units and its contractual right to nominate two members to the Board of Directors of Crestwood’s general partner, Crestwood Equity GP, LLC (the “Board of Directors”), which right was received by Oasis as part of Crestwood’s acquisition of Oasis Midstream Partners LP and is subject to meeting on-going ownership thresholds.
As a result, the previously appointed members by Oasis to the Board of Directors, Mr. John Lancaster, Jr. and Mr. John Jacobi, resigned effective July 1, 2022. Chord has nominated Ms. Samantha F. Holroyd and Mr. Paul J. Korus to serve as their replacements. Crestwood expects that Ms. Holroyd and Mr. Korus will be formally appointed to the Board of Directors in the coming weeks.
Robert G. Phillips, Founder, Chairman and Chief Executive Officer of Crestwood, commented, “Crestwood would like to congratulate Oasis and Whiting on the successful formation of Chord. The combination creates a leading Williston Basin upstream company that shares our sustainability values focused on safety, operational and environmental integrity, and carbon management. I also want to thank Mr. Lancaster and Mr. Jacobi for their service and counsel and look forward to welcoming Ms. Holroyd and Mr. Korus to the Board of Directors and benefitting from their extensive industry experience and knowledge. The integration of Oasis Midstream, which began on February 1, 2022, is going well and the completion of the Chord merger is another important step in building a strategic alignment between Crestwood and Chord based on exceptional customer service as Chord develops the highly economic Williston Basin.”
Ms. Samantha F. Holroyd is a board member of Chord and was previously a member of the board of Oasis. She currently serves on Chord’s Audit Committee and Environmental, Social & Governance Committee. Ms. Holroyd currently serves on the board of Amerant Bancorp Inc., and she previously served on the board of Gulfport Energy Corporation from 2020–2021. Ms. Holroyd has a long history in the energy industry in the areas of reservoir engineering, technical analysis, financial and advisory services. She holds a Bachelor of Science degree in Petroleum Engineering from the Colorado School of Mines, holds FINRA Certifications (Series 79 and Series 63), and is a Registered Professional Engineer in the State of Texas. She is also a Certified Corporate Director by the National Association of Corporate Directors (NACD) and is NACD Certified in ESG.
Mr. Paul J. Korus is a board member of Chord and was formerly a director of Whiting. Mr. Korus serves on Chord’s Audit Committee and Environmental, Social and Governance Committee. Mr. Korus has more than 35 years of oil and gas industry experience and brings strong financial and accounting expertise. He began his oil and gas career in 1982 with Apache Corporation, where he held positions in corporate planning, information technology and investor relations. From 1999 to 2002, Mr. Korus was the Senior Vice President, Chief Financial Officer of Key Production Company. He held the same positions with Cimarex Energy Co. from 2002 until his retirement in 2015. Mr. Korus holds a Bachelor of Science degree in Economics and a Master of Science degree in Accounting from the University of North Dakota.
Following these changes, the Crestwood Board of Directors will consist of ten members of which 90% are independent, 40% are female representatives, and 50% have three or less years of tenure.
About Crestwood Equity Partners LP
Houston, Texas, based Crestwood Equity Partners LP (NYSE: CEQP) is a master limited partnership that owns and operates midstream businesses in multiple shale resource plays across the United States. Crestwood is engaged in the gathering, processing, treating, compression, storage and transportation of natural gas; storage, transportation, terminalling and marketing of NGLs; gathering, storage, terminalling and marketing of crude oil; and gathering and disposal of produced water. Visit Crestwood Equity Partners LP at www.crestwoodlp.com; and to learn more about Crestwood’s sustainability efforts, please visit https://esg.crestwoodlp.com.
Forward Looking Statements
This news release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 and Section 21E of the Securities and Exchange Act of 1934. The words “expects,” “believes,” “anticipates,” “plans,” “will,” “shall,” “estimates,” and similar expressions identify forward-looking statements, which are generally not historical in nature. Forward-looking statements are subject to risks and uncertainties and are based on the beliefs and assumptions of management, based on information currently available to them. Although Crestwood believes that these forward-looking statements are based on reasonable assumptions, it can give no assurance that any such forward-looking statements will materialize. Important factors that could cause actual results to differ materially from those expressed in or implied from these forward-looking statements include the risks and uncertainties described in Crestwood’s reports filed with the Securities and Exchange Commission, including its Annual Report on Form 10-K and its subsequent reports, which are available through the SEC’s EDGAR system at www.sec.gov and on our website. Readers are cautioned not to place undue reliance on forward-looking statements, which reflect management’s view only as of the date made, and Crestwood assumes no obligation to update these forward-looking statements.
Crestwood Equity Partners LP
Investor Contact
Rhianna Disch, 713-380-3006
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Director, Investor Relations
Sustainability and Media Contact
Joanne Howard, 832-519-2211
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Senior Vice President, Sustainability and Corporate Communications
Ault Energy to partner with White River Holdings Corp on drilling projects across 30,000 acres in Texas, Louisiana and Mississippi
LAS VEGAS--(BUSINESS WIRE)--$AGH #30000_acres--BitNile Holdings, Inc. (NYSE American: NILE), a diversified holding company (“BitNile” or the “Company”) today announced the formation of Ault Energy, LLC (“Ault Energy”), a subsidiary of Ault Alliance, Inc., itself a subsidiary of BitNile.
Background on Ault Energy’s Oil and Gas Drilling Rights
Ault Energy Partnership with White River
Partnering with a vertically integrated operator such as White River would provide Ault Energy with the opportunity to make oil and gas acquisitions with a proven partner that has a leasehold of ready-to-drill prospects in producing fields. Ault Energy has been advised that White River currently owns a drilling rig that can reach depths of up to 18,000 feet, as well as three workover rigs for re-entry and completion procedures. Ault Energy and White River have preliminary plans to drill at least 100 wells over the next 60 months over the approximately 30,000 acres in Texas, Louisiana and Mississippi that White River currently is leasing. BitNile is encouraged by its discussions with White River and the meaningful potential represented by this opportunity. Ault Energy and White River currently expect to purchase up to two additional drilling rigs this year to allow concurrent drilling projects going forward, but there can be no assurance that these plans will materialize during 2022, if at all. Ault Energy expects to allocate significant capital over the next five years towards these drilling projects.
The Company’s Founder and Executive Chairman, Milton “Todd” Ault, III, stated, “The formation of Ault Energy is the result of a long-term goal to partner with an experienced, competent team to extract oil in a location known for large oil reserves. We have confidence in the team at Ecoark and White River and believe this is a great opportunity to allocate capital towards oil and gas projects. White River has successfully completed numerous wells including a directional well in the Austin Chalk formation of Louisiana. As we gather data from our drilling projects and third-party studies, we plan to provide updates to our outlook on these initiatives.”
Ecoark’s Chairman and CEO, Randy May, stated, “The opportunity to partner with Ault Energy will allow White River to greatly scale its vertically integrated oil and gas exploration, production and drilling operations. We are looking forward to aggressively drilling out our leasehold over the coming months and years with Ault Energy.”
About BitNile Holdings, Inc.
BitNile Holdings, Inc. is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact. Through its wholly and majority-owned subsidiaries and strategic investments, BitNile owns and operates a data center at which it mines Bitcoin and provides mission-critical products that support a diverse range of industries, including defense/aerospace, industrial, automotive, telecommunications, medical/biopharma and textiles. In addition, BitNile extends credit to select entrepreneurial businesses through a licensed lending subsidiary. BitNile’s headquarters are located at 11411 Southern Highlands Parkway, Suite 240, Las Vegas, NV 89141; www.BitNile.com.
Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company’s Forms 10-K, 10-Q and 8-K. All filings are available at www.sec.gov and on the Company’s website at www.BitNile.com.
BitNile Holdings Investor Contact:
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DENVER--(BUSINESS WIRE)--Liberty Energy Inc., formerly known as Liberty Oilfield Services Inc. (NYSE: LBRT), announced today that it will release its financial results for the second quarter ending June 30, 2022 after the market closes on Monday, July 25, 2022. Following the release, the Company will host a conference call to discuss the results at 8:00 a.m. Mountain Time (10:00 a.m. Eastern Time) on Tuesday, July 26, 2022. Presenting the Company’s results will be Chris Wright, Chief Executive Officer, Ron Gusek, President and Michael Stock, Chief Financial Officer.
Individuals wishing to participate in the conference call should dial (833) 255-2827, or for international callers, (412) 902-6704. Participants should ask to join the Liberty Energy call. A live webcast will be available at http://investors.libertyfrac.com. The webcast can be accessed for 90 days following the call. A telephone replay will be available shortly after the call and can be accessed by dialing (877) 344-7529, or for international callers (412) 317-0088. The passcode for the replay is 8163181. The replay will be available until August 2, 2022.
About Liberty
Liberty is a leading North American energy services firm that offers one of the most innovative suites of completion services and technologies to onshore oil and natural gas exploration and production companies. Liberty was founded in 2011 with a relentless focus on developing and delivering next generation technology for the sustainable development of unconventional energy resources in partnership with our customers. Liberty is headquartered in Denver, Colorado. For more information about Liberty, please contact Investor Relations at This email address is being protected from spambots. You need JavaScript enabled to view it.
Michael Stock
Chief Financial Officer
303-515-2851
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BERLIN--(BUSINESS WIRE)--Do I have to be an Amazon Prime Member to take advantage of BLUETTI Prime Day deals?
The short answer: nope. But if you’d like to grab the Prime Day sales only on Amazon, you’ll need to be an Amazon Prime Member.
BLUETTI confirms its annual shopping event - BLUETTI Prime Day date on July 5 - 15. To help you narrow things down, they've collected the best deals on their official website, from solar power stations, solar panels to various accessories worth your money.
The Best Prime Day Deals From BLUETTI
AC200P - The Most Popular 2kWh Solar Generator Now At The Lowest Price Ever - 1.699€ (was 1.999€)
Packed with a 2kW AC pure sine wave inverter, an enormous 2kWh capacity, and utilizing the most durable, safest LiFePO4 battery chemistry, the BLUETTI AC200P is undoubtedly the most cost-effective solar generator.
It can power all your needs from a household fridge to an 8.000 BTU portable air conditioner without breaking a sweat. Recharging by solar at a blistering speed up to 700W. You can juice up AC200P from zero to full in less than 4 hours with free, clean solar power alone!
AC200MAX - All-round Upgraded Power Beast - 2.099€ (was 2.399€)
With two expansion battery ports, the AC200MAX welcomes up to two BLUETTI B230 (2048Wh each) or B300 (3072Wh each) battery modules, allowing you to build on your system up to 8192Wh!
The AC200MAX allows up to 900W solar input and 400W via the AC wall charger, giving you a stunning 1300W total charging input to recharge it in less than 2 hours.
BLUETTI AC300 & B300 - Power Anything Imaginable - 3.899€ (was 4.299€)
Unlike any BLUETTI solar generator products, the AC300 has no built-in battery, bringing it unprecedented mobility and uniqueness. Every AC300 can accept up to 4 B300 (3072Wh each) battery modules, adding up to a groundbreaking 12288Wh capacity – Covering your whole family’s basic needs for DAYS during emergencies or power outages!
Time to plug into full-time solar life! BLUETTI AC300 is now capable of receiving 2400W of unrivaled solar charging input. The advanced MPPT controller lets you juice up a B300 (3072Wh) battery module as soon as 1,5hrs only with sunshine!
Other units highly recommended on BLUETTI UK & EU Prime Day 2022:
EB55 - 537Wh, 700W | Portable Solar Generator - £549 (was £599);
EB70 - 716Wh, 1000W | Portable Power Station - £649 (was £739);
B230 - 2048Wh LFP Expansion Battery - £1399 (was £1499);
EP500Pro - 5100Wh, 3000W | Home Backup Power - £5399 (was £5999)
AC200MAX & B230 - 4096Wh, 2200W | Portable Solar Generator - £3199 (was £3499)
EB55 - 537Wh, 700W | Portable Solar Generator - 599€ (was 649€);
EB70 - 716Wh, 1.000W | Portable Power Station - 699€ (was 749€);
B230 - 2.048Wh LFP Expansion Battery - 1.399€ (was 1.599€);
EP500Pro 5.100Wh, 3.000W | Home Backup Power - 5.399€ (was 5.999€)
AC200MAX & 2/B230 & 3/SP200 - 6.144Wh, 2.200W | Bundles - 6.394€ (was 8.249€)
About BLUETTI
With over 10 years of industry experience, BLUETTI has tried to stay true to a sustainable future through green energy storage solutions for both indoor and outdoor use while delivering an exceptional eco-friendly experience for everyone and the world. BLUETTI is making its presence in 70+ countries and is trusted by millions of customers across the globe. For more information, please visit BLUETTI online.
Vita
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New rate structure ensures LECMPA members continue to enjoy the best coverage in the industry for less
SOUTHFIELD, Mich.--(BUSINESS WIRE)--Locomotive Engineers & Conductors Mutual Protective Association (LECMPA) announced that effective Sept. 1, 2022, it is significantly reducing monthly rates for both Rail Operating Craft and Rail Non-Operating Craft members.
“As a member-owned mutual insurer, the Association continually looks for ways to offer the most value for our members' premium dollars,” said LECMPA President Rod Bloedow. “With inflation on the rise and our members facing a more challenging economic environment that’s stretching everyone’s paychecks, we found a way to make policies for thousands of people even more budget-friendly while still providing the same level of coverage and peace of mind for their families.”
At its quarterly meeting in June, the Association's Board of Trustees voted unanimously to enact new, lower pricing for all railroad craft members. Additionally, effective with the rate reduction, existing and new No. 12 and No. 16 policyholders immediately will be eligible for 365 discipline days. Members who carry the Premier 120 and Premier 180 will be given the opportunity to convert to the No. 16 policy, permitting them to take advantage of the increased discipline days at lower rates.
Highlights of the new structure include:
Rail Operating Crafts
No. 16
Benefit |
$150.00 |
$201.00 |
$252.00 |
Old Premium |
$87.50 |
$117.25 |
$147.00 |
New Premium |
$65.63 |
$87.94 |
$110.25 |
Premier 120
Benefit |
$150.00 |
$201.00 |
$252.00 |
Old Premium |
$62.50 |
$83.75 |
$100.50 |
New Premium |
$46.88 |
$62.81 |
$78.75 |
Premier 180
Benefit |
$150.00 |
$201.00 |
$252.00 |
Old Premium |
$75.00 |
$100.50 |
$126.00 |
New Premium |
$56.25 |
$75.38 |
$94.50 |
Rail Non-Operating Crafts
No. 12
Benefit |
$102.00 |
$120.00 |
$150.00 |
Old Premium |
$37.40 |
$44.00 |
$55.00 |
New Premium |
$32.91 |
$38.72 |
$48.40 |
With these new lower rates, LECMPA continues to set the standard as the premier provider of wage loss protection to railroaders in the United States and Canada.
In addition to providing members with an opportunity to save or increase their daily benefit, LECMPA recently upgraded many other member benefits. For instance, the Association improved the Loyalty Appreciation Program last September. All members now are realizing increased tax-free payouts upon retirement. The improvement results in a doubling of the earned payout as daily coverage increases to $201/day or more. Discounts for semi-annual and annual pay were doubled for members who elect to pay their premiums by check or direct debit. Plus, the Referral Program payment doubled to $100 for each referral that leads to a new member.
“For more than a century, our members have been the heartbeat of our Association,” Bloedow said. “That isn’t changing – even as we face greater uncertainty within the railroad industry.”
About LECMPA: LECMPA, founded in 1910 as a cooperative assessment insurer for railroad workers, provides wage loss protection to union transportation workers throughout the United States and Canada. LECMPA is a tax-exempt, member-owned company with approximately 27,000 members. LECMPA is headquartered in Southfield, Mich. More information is available at http://www.lecmpa.org.
Mike Fossano
(586) 453-3653
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David Meyers replaces retiring company founder Dennis Reid. Meyers will build on a recent $70 million investment to accelerate the company’s growth in hydrogen economy markets
VALENCIA, Calif.--(BUSINESS WIRE)--H2scan, a world leader in hydrogen sensing solutions for the energy, industrial and emerging hydrogen markets, today announced that its current Chief Operating Officer, David Meyers, was named the company’s President and Chief Executive Officer. He replaces Dennis Reid, company founder and current President and CEO, who is retiring.
Company background:
Recent investment
Dennis Reid states, “Dave joined us in February 2022, as COO and now in his new role as CEO, we are confident that he will lead us into a future focused on building on our current strength in the transformer division, while accelerating our efforts in the ever-expanding hydrogen economy. When I started H2scan I had seven employees, including my wife and me. I have been blessed with tremendous talent in all departments and unbelievable loyalty as we have developed H2scan into a global company. Dave has the right background and skill set to take H2scan to an even higher level. I look forward to continuing with the company in a much reduced non-management role to assist management and sales.”
Dave Meyers background:
David Meyers states: “I could not be more excited about the opportunity to provide CEO leadership at H2scan as I believe we are well positioned to take advantage of the tremendous growth within the power transformer monitoring market, given our proven track record with leading OEMs and a growing list of end users. Additionally, we expect to be a major solutions provider to every aspect of the emerging Hydrogen Economy, from process control, to metering to safety assurance. I thank the board and Dennis for this opportunity and for establishing a strong foundation of people, technologies, and funding to build our future. H2scan is well positioned to help energy providers be more resilient and ensure safety and effectiveness of their hydrogen decarbonization investments.”
About H2scan Corporation
H2scan was founded in 2002, and has its headquarters, sales, production and marketing staff in Valencia, California. The company’s Gen 5 technology provides the most accurate, tolerant and affordable hydrogen sensors for a wide range of industrial leak detection and process gas monitoring markets including control systems, safety monitoring and alarm systems.
H2scan sensors are also used for electrical distribution reliability and are ideal for measuring hydrogen concentration in fuel cells, electrolyzers and the hydrogen distribution pipelines to reduce carbon emissions.
H2scan’s customer base includes some of the largest manufacturing enterprises in the world including ABB, Siemens, GE Energy, Qualitrol, DOD, ExxonMobil, Shell, Chevron, Proctor & Gamble and more.
For more information, please visit http://www.h2scan.com.
Alan Ross
Corporate Communications
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404.992.5111
HAMILTON, Bermuda--(BUSINESS WIRE)--Valaris Limited (NYSE: VAL) ("Valaris" or the "Company") will hold its second quarter 2022 earnings conference call at 9:00 a.m. CDT (10:00 a.m. EDT) on Tuesday, August 2, 2022. The earnings release will be issued before the New York Stock Exchange opens that morning.
The conference call will be webcast live at www.valaris.com. Alternatively, callers may dial +1-855-239-3215 within the United States or +1-412-542-4130 from outside the U.S. It is recommended that participants call 10 minutes prior to the scheduled start time.
A webcast replay and transcript of the call will be available on the Company’s website. A replay will also be available through September 2, 2022 by dialing +1-877-344-7529 within the United States or +1-412-317-0088 from outside the U.S. (conference ID 6538335).
Valaris uses its website to disclose material and non-material information to investors, customers, employees and others interested in the Company. To receive regular updates on Valaris news or SEC filings, please sign-up for Email Alerts on the Company’s website.
About Valaris Limited
Valaris Limited (NYSE: VAL) is the industry leader in offshore drilling services across all water depths and geographies. Operating a high-quality rig fleet of ultra-deepwater drillships, versatile semisubmersibles and modern shallow-water jackups, Valaris has experience operating in nearly every major offshore basin. Valaris maintains an unwavering commitment to safety, operational excellence, and customer satisfaction, with a focus on technology and innovation. Valaris Limited is a Bermuda exempted company (Bermuda No. 56245). To learn more, visit our website at www.valaris.com.
Investor & Media Contact:
Tim Richardson
Director – Investor Relations
+1-713-979-4619
Wilmer’s 30-year career in global technology, operations and customer support further propels the leadership team as one of the largest EV charging networks scales
CAMPBELL, Calif.--(BUSINESS WIRE)--ChargePoint Holdings, Inc. (NYSE:CHPT), a leading electric vehicle charging network, today announced the addition of Rick Wilmer to its leadership team. As chief customer and operations officer at ChargePoint, Wilmer will oversee customer service and manufacturing operations for the company as it continues to bring vertically integrated charging solutions to businesses, fleets and drivers at a faster growth rate than ever.
“The EV industry is at an inflection point, and we are seeing tremendous growth in all verticals,” said Pasquale Romano, CEO of ChargePoint. “The timing is right to add Rick’s sophisticated customer service, supply chain and general management experience to the management team to further advance our mission to power the movement of all people and goods on electricity.”
“There has never been a better time to join ChargePoint than now, as the new fueling network is moving from vision to reality,” said Rick Wilmer. “I look forward to helping lead the charge across customer service and supply chain operations to deliver the superior charging experiences that businesses, fleets and drivers require as they electrify.”
Wilmer joins at a pivotal time in the company’s 15-year history as it enters its next phase of growth. He has over 30 years of global technology, operations and customer support experience, as well as business and financial acumen from prior management team roles. Most recently, Wilmer served as CEO of Chowbotics, which was acquired by DoorDash. Wilmer’s experience can help scale operations across the company’s fleet, commercial and residential business in North America and Europe.
About ChargePoint
ChargePoint is creating a new fueling network to move people and goods on electricity. Since 2007, ChargePoint has been committed to making it easy for businesses and drivers to go electric with one of the largest EV charging networks and a comprehensive portfolio of charging solutions. The ChargePoint cloud subscription platform and software-defined charging hardware are designed to include options for every charging scenario from home and multifamily to workplace, parking, hospitality, retail and transport fleets of all types. Today, one ChargePoint account provides access to hundreds of thousands of places to charge in North America and Europe. To date, more than 113 million charging sessions have been delivered, with drivers plugging into the ChargePoint network every second or less. For more information, visit the ChargePoint pressroom, the ChargePoint Investor Relations site, or contact the ChargePoint North American or European press offices or Investor Relations.
CHPT-IR
ChargePoint
Jennifer Bowcock
VP, Communications
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Patrick Hamer
VP, Capital Markets and Investor Relations
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HOUSTON--(BUSINESS WIRE)--Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) (“Solaris” or the “Company”) announced today that it will host a conference call to discuss its second quarter 2022 results on Tuesday, August 2, 2022 at 8:00 a.m. Central Time (9:00 a.m. Eastern Time). Solaris will issue its second quarter 2022 earnings release after the market closes on August 1, 2022.
To join the second quarter 2022 conference call from within the United States, participants may dial (844) 413-3978. To join the conference call from outside of the United States, participants may dial (412) 317-6594. When instructed, please ask the operator to be joined to the Solaris Oilfield Infrastructure, Inc. call. Participants are encouraged to log in to the webcast or dial in to the conference call approximately ten minutes prior to the start time. To listen via live webcast, please visit the Investor Relations section of the Company’s website, www.solarisoilfield.com.
An audio replay of the conference call will be available shortly after the conclusion of the call and will remain available for approximately seven days. It can be accessed by dialing (877) 344-7529 within the United States or (412) 317-0088 outside of the United States. The conference call replay access code is 6639480. The replay will also be available in the Investor Relations section of the Company’s website shortly after the conclusion of the call and will remain available for approximately seven days.
About Solaris Oilfield Infrastructure, Inc.
Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) provides mobile equipment that drives supply chain and execution efficiencies in the completion of oil and natural gas wells. Solaris’ patented equipment and systems are deployed in many of the most active oil and natural gas basins in the United States. Additional information is available on our website, www.solarisoilfield.com.
Yvonne Fletcher
Senior Vice President, Finance and Investor Relations
(281) 501-3070
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DENVER--(BUSINESS WIRE)--Advanced Energy (Nasdaq: AEIS), a global leader in highly engineered, precision power conversion, measurement, and control solutions, will release its second quarter 2022 financial results after the market closes on Wednesday, August 3, 2022. Management's quarterly conference call will be held the same day beginning at 4:30 p.m. Eastern Time.
To participate in the live earnings conference call, please dial 877-407-0890 approximately ten minutes prior to the start of the meeting and an operator will connect you. International participants can dial +1-201-389-0918.
A live webcast of the call will be available on the Investors page of the company's website at ir.advancedenergy.com in the Events & Presentations section. The archived webcast will be available approximately two hours following the end of the live event.
About Advanced Energy
Advanced Energy Industries, Inc. (Nasdaq: AEIS) is a global leader in the design and manufacture of highly engineered, precision power conversion, measurement and control solutions for mission-critical applications and processes. Advanced Energy’s power solutions enable customer innovation in complex applications for a wide range of industries including semiconductor equipment, industrial, manufacturing, telecommunications, data center computing and healthcare. With engineering know-how and responsive service and support for customers around the globe, the company builds collaborative partnerships to meet technology advances, propels growth of its customers and innovates the future of power. Advanced Energy has devoted four decades to perfecting power. It is headquartered in Denver, Colorado, USA. For more information, visit www.advancedenergy.com.
Advanced Energy | Precision. Power. Performance.
Edwin Mok
Advanced Energy Industries, Inc.
970-407-6555
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DULUTH, Minn.--(BUSINESS WIRE)--ALLETE Inc. (NYSE:ALE) will announce its financial results for the second quarter before the stock markets open on Wednesday, August 3, 2022.
Following the release, ALLETE Chair, President and Chief Executive Officer Bethany M. Owen, and Senior Vice President and Chief Financial Officer Steve W. Morris will present an overview of results and discuss other factors affecting performance during a conference call beginning at 10 a.m. Eastern time. Interested parties may participate in the conference call live by registering at www.allete.com/earningscall, or by accessing the listen-only webcast on ALLETE’s website, www.allete.com.
The webcast will be accessible for one year at www.allete.com.
ALLETE Inc. is an energy company headquartered in Duluth, Minnesota. In addition to its electric utilities, Minnesota Power and Superior Water, Light and Power of Wisconsin, ALLETE owns ALLETE Clean Energy, based in Duluth; BNI Energy in Bismarck, North Dakota; and New Energy Equity, headquartered in Annapolis, Maryland; and has an 8% equity interest in the American Transmission Co. More information about ALLETE is available at www.allete.com.
ALE-CORP
Vince Meyer
218-723-3952
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Power Island Floating Storage Regasification & Power Solution Features Proprietary Design to Provide 283MW Capacity and Serve 12 Locations Around the Country
SINGAPORE--(BUSINESS WIRE)--Twenty20 Energy, which delivers innovative energy solutions that accelerate the transition to a cleaner energy future, today announced that its proprietary Power Island Floating Storage Regasification & Power (“FSRP”) solution will be rolled out in 12 locations across Papua New Guinea (PNG) on behalf of PAWA PNG. The solution features an innovative design that will serve as a model for future nearshore power generation plants in coastal regions worldwide.
The PAWA PNG project, a joint venture with Dirio Gas & Power and the PNG government, will provide 283MW of less expensive and more reliable electricity supply with significantly lower emissions, as it primarily replaces aging, inefficient diesel-based generation with modern, high efficiency liquid natural gas (LNG) and heat recovery-based generation. The project will also provide additional generation capacity where it is needed most to support economic and social development objectives.
Twenty20 Energy’s proprietary Power Island FSRP consists of three components, all supported by a comprehensive LNG fuel logistics solution:
The power island project will deliver a solution designed and tailored specifically to PNG’s energy requirements. The project represents what Twenty20 Energy and PNG officials called the most efficient and cost-effective solution to harness the country’s domestic LNG supply for powering the country, and supporting the goal of 70 percent electrification by 2030. It is estimated that only 13 percent of Papua New Guinea’s population have access to power, predominantly in the major cities, with electricity in remote locations typically provided by high-polluting, costly, stand-alone diesel generators.
The Twenty20 Energy design calls for floating piers to be built and transported to each of the 12 sites. The power barges and fuel barges will be built and transported to the floating piers, where they will be moored. When in need of additional fuel, the fuel barges will travel to one of the three LNG bulk storage hubs, where they will be filled up and transported back to the floating pier.
The 12 power islands will be located just offshore outside 12 cities, with three of the more strategic locations – Daru, Lae and Lihir – to also host LNG bulk storage facilities. The nine other locations are Manus Island, Buka Town, Kimbe, Alotau, Madang, Rabaul, Wewak, Kiunga and Kikori. Small-scale efficiency sets apart Twenty20’s FSRP; two specific unit sizes with differing outputs – ranging from 8.6 MW to 21.9 MW – will be used in each location. Each power island can be modified according to its growth, so as a location grows, a larger unit can be brought in and the smaller unit would be moved to a new location.
Twenty20 Energy commenced design of the Power Island FSRP in 2018, and have since conducted both a full engineering and commercial study, as well as an independent engineering assessment to confirm the design’s validity. Twenty20’s intellectual property includes its plant and auxiliary configuration, combining power generation, fuel storage and bunkering, and transportation. The design requires minimal land use and is ultimately mobile to accommodate near-term and future expansion needs. In the future, the Power Island FSRP solution can be converted from LNG to hydrogen fuel, which is completely renewable and delivers power generation with zero carbon emissions.
“Our Power Island FSRP design leverages the abundance of domestically produced LNG in Papua New Guinea, delivering a cost-effective, environmentally friendly solution to power generation for coastal communities,” said Geoff Lawrence, CEO of Twenty20 Energy. “The adoption of the technology in Papua New Guinea demonstrates that the Power Island FSRP should be an attractive solution to similar coastal and island communities across the Asia-Pacific region and around the world.”
The Power Island approach meets the needs of developing countries, which face increased demands for energy to support urbanization and industrialization. The solution also balances the need for affordable, scalable power generation with a desire for reduced environmental impact and greater sustainability. Twenty20 Energy anticipates that in many instances, its Power Island solution, which uses LNG, will replace high-polluting fossil fuels such as coal and diesel, while delivering reliable, cost-effective power where it is needed most.
“This PAWA PNG Power Island Project provides for decades of clean, reliable electricity to many PNG citizens utilizing domestically sourced and produced energy,” said Augustine Mano, Managing Director at the Mineral Resource Development Company (MRDC). MRDC is a wholly state-owned enterprise established to hold and manage provincial government and landowner equity interests in mineral and petroleum development projects. “This will assist the PNG government in achieving national energy security and independence while enhancing the lives of the people of PNG via the provision of reliable, cost-effective electricity supply.”
About Twenty20 Energy
Twenty20 Energy delivers innovative energy solutions that enable clients, partners, and stakeholders to accelerate the transition to a cleaner energy future. From concept development to operations and maintenance, Twenty20 provides engineering, project execution and asset management, coupled with the capacity to provide funding or participate in shared project ownership. Uniquely positioned in the energy landscape, Twenty20 has a global reach with local sensitivity, developing projects that deliver cleaner energy while empowering economic growth for today and beyond.
Bob Zeitlinger / Makovsky
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Ricardo’s carbon capture demonstrator plant will use sustainably-sourced forestry waste to remove carbon dioxide from the atmosphere, provide local communities with renewable heat and electricity, and deliver national energy security
LONDON--(BUSINESS WIRE)--As part of its mission to support the decarbonisation of the global energy sector, Ricardo, a world-class, strategic environmental and engineering consulting company, has received 3million GBP from the UK Government to design, install and operate a combined heat and power demonstrator plant with a carbon negative footprint which will showcase climate repairing technology. The plant will demonstrate the effectiveness of community scale greenhouse gas removal and clean energy using sustainably-sourced forestry waste. The funding is awarded through the Net Zero Innovation Portfolio (NZIP) under the Department of Business, Energy and Industrial Strategy (BEIS).
Ricardo is leading the consortium delivering the demonstrator plant. The consortium combines an innovative carbon capture system developed by Ricardo with the hot air turbine technology from Bluebox Energy and pyrolysis technology from Woodtek Engineering. The quarter-sized demonstrator plant, which will be located at Holmsted Farm in West Sussex in the UK, will be commissioned and operational in 2023. It will demonstrate not only a highly innovative greenhouse gas removal technology, that in the full-size system can generate renewable heat and electricity for up to 300 local homes and businesses, but also a realistic carbon negative technology that can significantly contribute to net zero targets.
Tim Curtis, Managing Director, Ricardo Energy and Environment said: “Ricardo is a trusted advisor to governments around the world on climate change policy and the transition to clean energy, and is also well known for its mission to decarbonise the global transport and energy sectors. In partnership with Bluebox Energy and Woodtek Engineering, this project will demonstrate that our innovative and integrated carbon capture system can be used to benefit local communities, bolster the UK’s reputation as a pioneer in negative emission technologies, and provide a sustainable and commercially viable pathway to net-zero while also delivering national energy security.”
Ricardo’s project is one of several across the UK which will benefit from a share of over 54 million GBP to develop technologies that remove carbon emissions from the atmosphere. Announcing this investment, UK Government’s Energy and Climate Change Minister Greg Hands said: “This 54 million GBP government investment will help establish a greenhouse gas removal industry in the UK, which could be worth billions to our economy, bringing in private investment and supporting the creation of new green jobs.”
The technology works by taking sustainably sourced waste wood from domestic timber production and then processing it in three ways: producing biochar (a product similar to charcoal); generating heat and power; and capturing carbon dioxide from the exhaust. The technology, therefore, captures around 95% of the carbon content in the wood. It also produces commercially marketable carbon products: the biochar can be used by farmers to enrich soil and add to animal feed to reduce ruminant emissions. The industrial-grade carbon dioxide can either be used for making low-carbon concrete or in the food and drinks industry to replace carbon dioxide derived from industrial processes which rely on imported natural gas. A full-size system will remove 16,000 tonnes of carbon dioxide per year from the atmosphere.
Ricardo has been collaborating with Bluebox Energy since June 2020 to deliver innovative technologies that support the transition to a low carbon future. This project is a further boost to Ricardo’s credentials in tackling climate change and meeting national net zero targets. Ricardo is currently actively supporting clients in Europe in innovative carbon capture technologies and has advised the UK Government on the potential of bioenergy with carbon capture in the UK. Ricardo supports clients across a wide range of industries develop their industrial decarbonisation plans on the route to net zero.
Ends
About Ricardo
Ricardo plc is a world-class strategic, environmental, and engineering consulting company, listed on the London Stock Exchange. With over 100 years of engineering excellence and employing close to 3,000 employees in more than 20 countries, we provide exceptional levels of expertise in delivering leading-edge and innovative cross-sector sustainable products and solutions. Every day, we enable our customers to solve the most complex and dynamic challenges to help achieve a safe and sustainable world. Visit www.ricardo.com
Department for Business, Energy & Industrial Strategy
This funding has been made available from the government’s £1 billion Net Zero Innovation Portfolio, which looks to accelerate the commercialisation of low-carbon technologies and systems, through its Direct Air Capture and Greenhouse Gas Removal Innovation Competition. This competition will provide funding for developing technologies that enable the removal of greenhouse gases from the atmosphere in the UK.
Media contacts:
Kathryn Bellamy
Group Senior Communications Manager
Ricardo plc
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Telephone: +44(0)7921 941824
HALIFAX, Nova Scotia--(BUSINESS WIRE)--On July 11, 2022, the Board of Directors of Emera Inc. (TSX: EMA) declared quarterly dividends on its common shares and First Preferred Shares, each of which is payable on and after August 15, 2022 to the applicable shareholders of record at the close of business on August 2, 2022, as follows:
Emera Inc. hereby notifies the shareholders of its common shares and its First Preferred Shares that such dividends declared qualify as eligible dividends pursuant to the Income Tax Act (Canada) and corresponding provincial legislation.
About Emera
Emera Inc. is a geographically diverse energy and services company headquartered in Halifax, Nova Scotia, with approximately $34 billion in assets and 2021 revenues of more than $5.7 billion. The company primarily invests in regulated electricity generation and electricity and gas transmission and distribution with a strategic focus on transformation from high carbon to low carbon energy sources. Emera has investments in Canada, the United States and in three Caribbean countries. Emera’s common and preferred shares are listed on the Toronto Stock Exchange and trade respectively under the symbol EMA, EMA.PR.A, EMA.PR.B, EMA.PR.C, EMA.PR.E, EMA.PR.F, EMA.PR.H, EMA.PR.J and EMA.PR.L. Depositary receipts representing common shares of Emera are listed on the Barbados Stock Exchange under the symbol EMABDR and on The Bahamas International Securities Exchange under the symbol EMAB. Additional information can be accessed at www.emera.com or at www.sedar.com.
Emera Inc.
Investor Relations:
Dave Bezanson – Vice President, Investor Relations & Pensions
902-474-2126
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Media:
902-222-2683
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A secure, experience-first network by Juniper will support Oil India’s sustainability and digital transformation goals
BANGALORE, India--(BUSINESS WIRE)--Juniper Networks (NYSE: JNPR), a leader in secure, AI-driven networks, today announced that they have been selected by Oil India Limited, the country’s second largest state-owned oil and gas company, for upgrades to its data center and campus networks to support the company's sustainability goals and digital transformation journey that will contribute to India's vision of energy independence. With a flexible, high-performance Juniper IP fabric, Oil India will be able to automate key business and operational processes, increasing its business agility and creating more seamless experiences for its customers.
India's energy consumption continues to rise as industries recover from the effects of the global pandemic and economic growth picks up. During the country’s 75th Independence Day, the government announced a new goal to transform India into an energy independent nation by 2047. In support of India’s vision of energy independence, Oil India has accelerated its digital transformation journey with the goal of streamlining business and operational processes, using data to make better decisions and enabling new ways of working.
To support its vision of IT transformation and digital readiness, Oil India recognized the need to refresh its network infrastructure so that applications and services can be deployed and moved more seamlessly from one data center to another. Building on a history of successful collaboration, Oil India chose Juniper to build scalable and resilient data center and campus networks that will be key enablers of its digital transformation journey.
Juniper’s QFX5120 Series Switches were deployed in the data centers at Oil India's headquarters in Duliajan, Assam, while the combination of QFX5120 and QFX5110 Switches serve as a resilient campus core. Oil India also selected the EX4300 Series Switches for its campus distribution layer and adopted a Spine-Leaf architecture with EVPN-VXLAN for the campus core.
With the EVPN-VXLAN fabric from Juniper, the Oil India team can efficiently build and connect their primary data center, near disaster recovery data center and campus core networks, in an agile, seamless and secure manner. The network also supports the use of business process automation tools, which have helped the team reduce workloads and achieve faster turnaround times, resulting in better service experiences for their customers.
In the oil and gas sector, the security of critical infrastructure is vital. To protect Oil India’s data centers, Juniper’s SRX4200 Service Gateways, Security Director, and Junos Space Network Director were selected to configure and manage application security, intelligence and policies across its networks. These new data centers also support Oil India’s use of autonomous drones and video analytics to detect leaks faster and protect against illegal activities. This enables Oil India to address health, safety and environmental issues across 2,000 kilometers of pipeline in a swift and effective manner.
As India moves forward with its post-pandemic recovery plans and its goal of energy independence, Oil India now has a highly resilient and scalable network that will support its digital transformation journey to help make energy more sustainable, available and affordable.
Supporting Quotes:
“Oil India is excited to select Juniper Networks to join us on our digital transformation journey that will go a long way in supporting India’s vision of energy independence, as well as our business and sustainability goals. Juniper's experience-first solutions have helped us build a network that supports our efforts to streamline newer operational requirements through automation and hybrid data centers. Having a Juniper network fabric in our data centers and offices gives Oil India improved business resiliency, greater flexibility and choices to deliver better digital experiences for our employees and customers.”
– Chandan Kumar Barman, Deputy General Manager of IT, Oil India
“We are honored to be a part of Oil India's digital transformation journey, which will allow them to not only efficiently contribute to India's vision of energy independence, but also support its growing economy with cleaner and more sustainable fuels. With an experience-first network, Oil India can streamline business operations in pursuit of delivering improved digital experiences for its employees and customers. We look forward to building a strong foundation that will offer exceptional business value and unprecedented levels of business and network performance in India’s oil industry.”
– Sajan Paul, Managing Director & Country Manager, India & SAARC Juniper Networks
Additional Resources:
About Juniper Networks
Juniper Networks is dedicated to dramatically simplifying network operations and driving superior experiences for end users. Our solutions deliver industry-leading insight, automation, security and AI to drive real business results. We believe that powering connections will bring us closer together while empowering us all to solve the world’s greatest challenges of well-being, sustainability and equality. Additional information can be found at Juniper Networks (www.juniper.net) or connect with Juniper on Twitter, LinkedIn and Facebook.
Juniper Networks, the Juniper Networks logo, Juniper, Junos, and other trademarks listed here are registered trademarks of Juniper Networks, Inc. and/or its affiliates in the United States and other countries. Other names may be trademarks of their respective owners.
category-enterprise
Satheeson Paramason
Juniper Networks
+65 6511 3595
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The Company’s Investor Day proceedings detailed achievements to-date while providing outlook on product innovation and business development
BOSTON--(BUSINESS WIRE)--Advent Technologies Holdings, Inc. (NASDAQ: ADN) (“Advent” or the “Company”), an innovation-driven leader in the fuel cell and hydrogen technology markets, has released the webcast today of its virtual 2022 Investor Day event that was held on July 7, 2022.
During the Investor Day’s proceedings, Advent Technologies’ C-suite executives and senior leaders discussed the Company’s recent innovative advancements of its fuel cell products and systems, hydrogen development projects, and commercial activities in markets across the U.S., Europe, and Asia.
The event encompassed a comprehensive projection of Advent’s strategic growth trajectory, its plans to scale product manufacturing capabilities globally, and how the Company plans to leverage its existing partnerships to evolve its product offerings. Presentations also included an in-depth review of Advent’s key market opportunities across commercial, technology, and operational fronts.
Prior to this event, Advent issued important announcements that were discussed during the course of its virtual 2022 Investor Day:
More details regarding Advent’s first virtual Investor Day can be found on the Company’s dedicated website page. In addition, the full webcast is now available for on-demand viewing at https://event.on24.com/wcc/r/3815829/BDF38706A8E399AEE45E339A8CD026A2.
About Advent Technologies Holdings, Inc.
Advent Technologies Holdings, Inc. is a U.S. corporation that develops, manufactures, and assembles complete fuel cell systems as well as supplying customers with critical components for fuel cells in the renewable energy sector. Advent is headquartered in Boston, Massachusetts, with offices in California, Greece, Denmark, Germany, and the Philippines. With more than 150 patents issued, pending, and licensed for fuel cell technology, Advent holds the IP for next-generation HT-PEM that enables various fuels to function at high temperatures and under extreme conditions – offering a flexible “Any Fuel. Anywhere.” option for the automotive, aviation, defense, oil and gas, marine, and power generation sectors. For more information, visit www.advent.energy.
Cautionary Note Regarding Forward-Looking Statements
This press release includes forward-looking statements. These forward-looking statements generally can be identified by the use of words such as “anticipate,” “expect,” “plan,” “could,” “may,” “will,” “believe,” “estimate,” “forecast,” “goal,” “project,” and other words of similar meaning. Each forward-looking statement contained in this press release is subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statement. Applicable risks and uncertainties include, among others, the Company’s ability to maintain the listing of the Company’s common stock on Nasdaq; future financial performance; public securities’ potential liquidity and trading; impact from the outcome of any known and unknown litigation; ability to forecast and maintain an adequate rate of revenue growth and appropriately plan its expenses; expectations regarding future expenditures; future mix of revenue and effect on gross margins; attraction and retention of qualified directors, officers, employees and key personnel; ability to compete effectively in a competitive industry; ability to protect and enhance Advent’s corporate reputation and brand; expectations concerning its relationships and actions with technology partners and other third parties; impact from future regulatory, judicial and legislative changes to the industry; ability to locate and acquire complementary technologies or services and integrate those into the Company’s business; future arrangements with, or investments in, other entities or associations; and intense competition and competitive pressure from other companies worldwide in the industries in which the Company will operate; and the risks identified under the heading “Risk Factors” in Advent’s Annual Report on Form 10-K filed with the Securities and Exchange Commission (“SEC”) on March 31, 2022, as well as the other information filed with the SEC. Investors are cautioned not to place considerable reliance on the forward-looking statements contained in this press release. You are encouraged to read Advent’s filings with the SEC, available at www.sec.gov, for a discussion of these and other risks and uncertainties. The forward-looking statements in this press release speak only as of the date of this document, and the Company undertakes no obligation to update or revise any of these statements. Advent’s business is subject to substantial risks and uncertainties, including those referenced above. Investors, potential investors, and others should give careful consideration to these risks and uncertainties.
Elisabeth Maragoula
Advent Technologies Holdings, Inc.
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Mike Stolyar
Crenshaw Communications
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