The company continues to invest in growth for the next phase of development
CAMPBELL, Calif.--(BUSINESS WIRE)--Tigo Energy, Inc., the solar industry’s leading Flex MLPE (Module Level Power Electronics) supplier, today announced that Bill Roeschlein has joined as its new Chief Financial Officer. In his new role, Mr. Roeschlein will lead the finance and legal teams at Tigo. He will focus on establishing the premier financial organization in the renewable energy industry, along with the processes and procedures that facilitate the growth of Tigo to the next stage of financial development.
“Bill is exactly the type of Finance Executive that Tigo needs,” stated Zvi Alon, Chairman and CEO of Tigo. “His proven leadership as CFO at several different public companies combined with his experience in executing complex financial transactions including mergers, acquisitions, financings, and equity offerings will be invaluable as Tigo continues to evolve and grow.”
Mr. Roeschlein brings a wealth of publicly-traded, pre-IPO, and international operations experience to the Tigo Executive Team. Mr. Roeschlein began his career in financial planning and audit at powerhouses such as Coopers & Lybrand, Hewlett-Packard, and Asyst Technologies. More recently, he served as Chief Financial Officer at Nanosys, Inc., where he led the company’s most recent financing, and Perceptron, Inc., where he led the M&A sale and integration process to Atlas Copco. Mr. Roeschlein completed his undergraduate degree at UCLA, has an MBA from Cornell University and holds a Certificate in Public Accounting. He works out of the Silicon Valley, California Tigo headquarters.
“Tigo is in the enviable position of having both financial stability and a tremendous potential for growth,” stated Mr. Roeschlein. “I’m excited to be given the opportunity to build upon the work that Zvi and his team have done and help continue and accelerate the current rate of growth.”
For more information about Bill Roeschlein and the rest of the Tigo leadership team, please visit us at https://www.tigoenergy.com/team. To keep abreast of all the news at Tigo, feel free to sign up for the Tigo newsletter here: https://www.tigoenergy.com/newsletter.
About Tigo Energy
Tigo Energy, the worldwide leader in Flex MLPE (Module Level Power Electronics), designs innovative solar power conversion and storage products that provide customers more choice and flexibility. The Tigo TS4 platform increases solar production, decreases operating costs, and enhances safety. When combined with the Tigo Energy Intelligence (EI) platform, it delivers module, system, and fleet-level insights to maximize solar performance and minimize operating costs. The Tigo EI Residential Solar Solution, a flexible solar-plus-storage solution for home installations, rounds out the Company’s portfolio of solar energy technology. Tigo was founded in Silicon Valley in 2007 to accelerate the adoption of solar energy, and its global team supports customers whose systems reliably produce gigawatt hours of safe solar energy on seven continents. Find us online at www.tigoenergy.com.
Mike Gazzano
North America Marketing Manager at Tigo Energy
(408) 806-9626 Ext. 9783
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New Offering Location Enables Any LoRaWAN® End Device, Allowing Solution Providers to Incorporate Estimated Location Data into Applications at Low Cost
PORTSMOUTH, N.H.--(BUSINESS WIRE)--Senet, Inc., a leading provider of cloud-based software and services platforms that enable global connectivity and on-demand network build-outs for the Internet of Things (IoT), today announced a new network-based Location Estimator. Senet’s Location Estimator uses the company’s public carrier-grade LoRaWAN® network and networks deployed by the company’s Extended Coverage partners to provide customers with location logic for asset tracking, location-enabled mapping, and any application that can benefit from estimated presence and proximity detection. Unique to Senet’s Location Estimator is that the end device connecting to the network does not need to be designed with specific geolocation technology, making any LoRaWAN device, regardless of its original intended purpose, location aware. Location Estimator is available immediately as an add-on to a Senet connectivity plan.
While many location services require dedicated device hardware and frequent communication with the network which can increase costs and drain batteries quickly, Senet’s Location Estimator leverages the company’s existing and rapidly expanding public LoRaWAN network, including integration with over 870,000 Helium Network LoRaWAN hotspots, to deliver location information. Senet’s Location Estimator derives the location of any LoRaWAN device from the location of the gateway or gateways that relay any uplink message. Location accuracy is dependent on the number of gateways receiving the uplink messages from the device over time. This feature is optimized for applications which do not require precise geolocation and is targeted for use where estimated location data combined with application-specific environmental data meets the use-case requirements.
“Many location services are over architected for the use cases they are being applied to, which unnecessarily increases the cost of devices, reduces battery life, and generates complexity of application development and service delivery. Knowing an estimated location and environmental data such as temperature, humidity, shock, and vibration are key for general asset tracking, supply chain, perishable food delivery, and many other applications,” said Bruce Chatterley, CEO of Senet. “With the expansion and densification of Senet’s network through participation in our LPWAN Virtual Network and integrations with partners like Helium, our Location Estimator provides a cost-effective alternative for a variety of fixed, mobile, and nomadic use cases where precision location isn’t needed.”
With Total Cost of Ownership (TCO) being largely dependent on the cost and battery life of end devices, Senet’s Location Estimator makes it economically feasible for solution providers to explore new use cases where the combination of location and other sensor data can enhance the value proposition of their products and services.
Example Mobile Location Use Cases
Monitoring and reporting location and other data, like temperature, humidity, and shock are critical elements of the supply and distribution process. With Senet LoRaWAN networks available in major shipping ports and along key logistics corridors, application providers serving the logistics market now have access to location and other sensor data at a fraction of the cost of expensive and power-hungry cellular services.
Example Nomadic Use Cases
Understanding the stationary and in-transit location and state of assets like shipping containers, construction vehicles, pallets, and material can help improve logistics planning and project success. Knowing where your equipment and assets are improves utilization, supports maintenance planning, and boosts operational efficiency.
Example Fixed Location Use Cases
Ensuring the correct location of fixed assets and various elements of critical infrastructure is directly related to operational efficiency and safety. Guaranteeing that only authorized installation, maintenance, and moves are taking place can help prevent capital equipment loss, service disruption, and catastrophic events.
For more information, schedule a meeting to visit Senet at LoRaWAN World Expo, July 6-7, 2022 in Paris or contact us at This email address is being protected from spambots. You need JavaScript enabled to view it. or +1 877-807-5755.
LoRaWAN® is a mark used under license from the LoRa Alliance®.
About Senet, Inc.
Senet develops cloud-based software and services used by Network Operators, Application Developers, and System Integrators for the on-demand deployment of Internet of Things (IoT) networks. In addition to industrial and commercial applications, Senet has designed smart meter networks for many municipal water utility districts across the United States, representing millions of households. With a multi-year head start over competing Low Power Wide Area Network technologies, Senet offers services in over one hundred and eighty countries and owns and operates one of the largest publicly available LoRaWAN® networks in the United States. Our disruptive go-to-market models and critical technical advantages have helped us become a leading connectivity provider with recognized expertise in building and operating global IoT networks. For additional information, visit www.senetco.com.
Senet:
James Gerber
Crackle Communications
508-233-3391
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DUBLIN--(BUSINESS WIRE)--The "Nitrogen Gas: Global Markets" report has been added to ResearchAndMarkets.com's offering.
The report analysis the global nitrogen gas market based on segmentation of form, end-user, and distribution channel. These segmentations are further analyzed at global, regional and country levels.
The base year considered for analyses is 2021, while the market estimates and forecasts are given from 2022 to 2027. The market estimates are only provided in terms of revenue in USD millions.
As the family of nitrogen gas is extremely vast in nature, we will only be considering nitrogen gas of purity 95% and above, in order to provide high accuracy and clarity. In addition to this, we have excluded all mixed gases and included only pure nitrogen gas. Revenue generated from sales of nitrogen generators is also excluded.
Companies Mentioned
Report Includes
Key Topics Covered:
Chapter 1 Introduction
Chapter 2 Summary and Highlights
Chapter 3 Market and Technology Background
Chapter 4 Market Dynamics
Chapter 5 Nitrogen Gas Market Analysis by Form
Chapter 6 Nitrogen Gas Market Analysis by Technology
Chapter 7 Nitrogen Gas Market Analysis by End-User Industry
Chapter 8 Nitrogen Gas Market Analysis by Region
Chapter 9 Competitive Landscape
Chapter 10 Company Profiles
Chapter 11 Appendix: Acronyms
For more information about this report visit https://www.researchandmarkets.com/r/epwmh8
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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DUBLIN--(BUSINESS WIRE)--The "Asia Pacific Solar Power Equipment Market Size, Share & Industry Trends Analysis Report By Equipment, By Application, By Country and Growth Forecast, 2021-2027" report has been added to ResearchAndMarkets.com's offering.
The Asia Pacific Solar Power Equipment Market is expected to witness market growth of 11.6% CAGR during the forecast period (2021 2027).
The widespread utilization of fossil fuels for a variety of purposes, including transportation and energy generation, has had a significant negative influence on the environment, leading to a rise in global warming. As a result of increased worldwide awareness of fossil fuel depletion and its harmful impact on the environment, the demand for renewable energy supplies such as solar energy has emerged. The reduction of carbon emissions, while maximizing renewable energy resources is one of the most important requirements of the modern era. As a result, governments all over the world have implemented laws and measures to strengthen the renewable energy industry. Due to this, the number of domestic, nonresidential, and commercial solar energy users has surged, developing a market for solar power equipment.
The rising attention of governments in numerous nations to rely on solar energy has also driven the demand for solar power equipment. For example, approximately, 30% additional solar energy capacity in 2018 was installed all over the world. Solar power's ability to generate electricity without any fuel expenses, global warming, and risk of fuel price surges has been a significant driver in its adoption across the world. The solar power equipment market is also driven by a desire to lessen reliance on foreign oil and fossil fuels.
To endorse the significance of clean energy, the government of India established the International Solar Alliance, which strives to promote solar energy utilization while reducing reliance on fossil fuels. Countries from all over the world have shown interest to become a part of this alliance. Over the next ten years, the Asia Pacific market is expected to grow at a high rate. This is due to an increase in solar system installation, government programs to upgrade and optimize the utilization of renewable energy, as well as policies such as feed-in-tariff, particularly in China and India. Additionally, increased public awareness of the advantages of solar energy is aiding the growth of the solar power equipment market. Moreover, increased demand for clean and renewable energy, rapid urbanization, industrialization, and economic growth are predicted to boost the region's solar power equipment market.
The Chinese market dominated the Asia Pacific Solar Power Equipment Market by Country in 2020, and is expected to continue to be a dominant market till 2027; thereby, achieving a market value of $27,260.6 Million by 2027. The Japanese market is anticipated to grow at a CAGR of 10.9% during 2021-2027. Additionally, the Indian market is expected to display a CAGR of 12.3% during 2021- 2027.
Market Segments Covered in the Report:
By Equipment
By Application
List of Companies Profiled in the Report:
Key Topics Covered:
Chapter 1. Market Scope & Methodology
Chapter 2. Market Overview
2.1 Introduction
2.2 Key Factors Impacting the Market
Chapter 3. Competition Analysis - Global
3.1 Publisher Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.2.4 Business Expansions
3.2.5 Geographical Expansions
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2017-2021)
3.3.2 Key Strategic Move: Product Launches and Product Expansions
Chapter 4. Asia Pacific Solar Power Equipment Market by Equipment
4.1 Asia Pacific Solar Panels Market by Country
4.2 Asia Pacific Mounting, Racking, & Tracking System Market by Country
4.3 Asia Pacific Storage System Market by Country
4.4 Asia Pacific Others Market by Country
Chapter 5. Asia Pacific Solar Power Equipment Market by Application
5.1 Asia Pacific Utility Market by Country
5.2 Asia Pacific Residential Market by Country
5.3 Asia Pacific Non-Residential Market by Country
Chapter 6. Asia Pacific Solar Power Equipment Market by Country
6.1 China
6.2 Japan
6.3 India
6.4 South Korea
6.5 Singapore
6.6 Malaysia
6.7 Rest of Asia Pacific
Chapter 7. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/agtl8d
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
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KILGORE, Texas--(BUSINESS WIRE)--Martin Midstream Partners L.P. (NASDAQ: MMLP) (“MMLP” or the “Partnership”) plans to release its financial results for the second quarter ended June 30, 2022 after the market closes on July 20, 2022.
An investors’ conference call to review the first quarter results will be held the following day.
Date: Thursday, July 21, 2022
Time: 8:00 a.m. CT (please dial in by 7:55 a.m.)
Dial In #: (888) 330-2384
Conference ID: 8536096
Replay Dial In # (800) 770-2030 – Conference ID: 8536096
A webcast of the conference call will also be available by visiting the Events and Presentations section under Investor Relations on our website at www.MMLP.com.
During the conference call, management will discuss certain non-generally accepted accounting principle financial measures for which reconciliations to the most directly comparable GAAP financial measures will be provided in Martin Midstream Partners’ announcement concerning its financial results for the quarter ended June 30, 2022, along with an archive of the replay.
About Martin Midstream Partners
MMLP, headquartered in Kilgore, Texas, is a publicly traded limited partnership with a diverse set of operations focused primarily in the Gulf Coast region of the United States. MMLP’s primary business lines include: (1) terminalling, processing, storage, and packaging services for petroleum products and by-products; (2) land and marine transportation services for petroleum products and by-products, chemicals, and specialty products; (3) sulfur and sulfur-based products processing, manufacturing, marketing and distribution; and (4) natural gas liquids marketing, distribution, and transportation services. To learn more, visit www.MMLP.com. Follow Martin Midstream Partners L.P. on LinkedIn and Facebook.
MMLP-F
Sharon Taylor
Chief Financial Officer
(877) 256-6644
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DUBLIN--(BUSINESS WIRE)--The "Europe Peer-To-Peer Electric Vehicle Charging Market Size, Share & Industry Trends Analysis Report By Application (Residential and Commercial), By Charger Type (Level 2 and Level 1), By Country and Growth Forecast, 2022 - 2028" report has been added to ResearchAndMarkets.com's offering.
The Europe Peer-To-Peer Electric Vehicle Charging Market is expected to witness market growth of 20.1% CAGR during the forecast period (2022-2028).
The seamless integration of electric vehicles and energy storage systems is a priority for EV automakers and original equipment manufacturers (OEMs). As a result, the desire for peer-to-peer electric vehicle charging is projected to rise. Furthermore, governments all over the world are working on providing sufficient space for electric vehicle supercharger networks to be installed in residential areas.
Allowing consumers to rent out chargers to the public for a fee can greatly expand the number of charging stations available. P2P networking can make charging points available internationally with little to no expenditure, just by exploiting existing infrastructure that is expected to otherwise remain idle. As a result, range anxiety will be reduced, and EV adoption will increase.
This strategy may also provide an additional market edge to new EV manufacturers, as the accessibility of commercial charging point's particular to car manufacturers, such as Tesla, is a considerable advantage major manufacturers enjoy due to existing infrastructure investments. New entrants to the market, like Byton, may benefit from the existence of private charging infrastructure.
Scope of the Study
Market Segments Covered in the Report:
By Application
By Charger Type
By Country
Key Market Players
Key Topics Covered:
Chapter 1. Market Scope & Methodology
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Strategies deployed in Peer-To-Peer Electric Vehicle Charging Market
Chapter 4. Europe Peer-To-Peer Electric Vehicle Charging Market by Application
4.1 Europe Residential Market by Country
4.2 Europe Peer-To-Peer Electric Vehicle Charging Market by Residential Type
4.3 Europe Commercial Market by Country
4.4 Europe Peer-To-Peer Electric Vehicle Charging Market by Commercial Type
Chapter 5. Europe Peer-To-Peer Electric Vehicle Charging Market by Charger Type
5.1 Europe Level 2 Market by Country
5.2 Europe Level 1 Market by Country
Chapter 6. Europe Peer-To-Peer Electric Vehicle Charging Market by Country
For more information about this report visit https://www.researchandmarkets.com/r/876ed5
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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HOUSTON--(BUSINESS WIRE)--Broad Reach Power Energy Services LLC, a wholly owned subsidiary of Houston-based independent power producer Broad Reach Power LLC (“Broad Reach”), announced today that it has entered into a services partnership with Lancium, an energy technology and infrastructure company that advances the decarbonization and stability of the electric power grid. Under the agreement, Broad Reach, which owns a 21-gigawatt (GW) portfolio of utility-scale wind, solar and energy storage power projects, will supply retail energy and provide qualified scheduling services for a portion of Lancium’s Fort Stockton, Texas Clean Campus data center.
“We are proud to partner with Lancium on their first Clean Campus,” said Paul Choi, EVP Broad Reach Power. “As one of the largest developers of stand-alone energy storage, Broad Reach understands the importance of responsive generation and load resources to help the economy transition to a cleaner power grid. Because of our experience managing energy storage, we are uniquely positioned to provide the necessary services for Lancium to power its Clean Campus and assist in providing flexible grid services to ERCOT. We look forward to working with Lancium and our other clients to help power the energy transition.”
Lancium locates its large-scale data centers in regions with excess renewable energy generation. This allows Lancium’s customers to benefit from low power prices and the highest concentration of renewable generated power on the grid. Enabled by Lancium’s proprietary Lancium Smart Response ™ technology, the data centers operate in a flexible manner, responding to grid conditions in real time. This ability to operate flexibly has allowed facilities enabled by Lancium Smart Response ™ to qualify as “Controllable Load Resources” (CLR) under ERCOT protocols.
“As the generation mix evolves and generation from renewables grows, grid operators are looking for solutions to help address the challenge of intermittency,” said Shaun Connell, EVP of Power for Lancium. “Because our technology allows data center power consumption to move up and down with grid conditions, we are able to help stabilize the power grid and encourage the development of even more renewable generation. We believe Broad Reach’s vision and experience in how to manage dynamic energy storage resources will help support Lancium as we continue our work to advance the reliability and resiliency of the electric grid.”
The first phase of Lancium’s Ft. Stockton Clean Campus, a 25-megawatt (MW) data center, is expected to be fully operational this summer. The facility is expected to begin participating in ERCOT’s ancillary services market in late summer.
About Broad Reach Power
Broad Reach Power is the leading utility-scale storage platform in the United States. Based in Houston, Texas, Broad Reach is backed by leading energy transition investors, EnCap Investments L.P., Apollo Global Management, Yorktown Partners and Mercuria Energy. The Company owns a 21 GW portfolio of utility-scale solar and energy storage power projects in Montana, California, Wyoming, Utah and Texas, giving utilities, generators and customers access to technological insight and tools for managing merchant power risk so they can better match supply and demand. For more information about the company, visit www.broadreachpower.com.
About Lancium
Headquartered in The Woodlands, Texas, Lancium is dedicated to accelerating the energy transition through technologies and infrastructure designed to enable more clean energy production while also balancing and stabilizing the power grid. Lancium’s Clean Campuses are designed to provide a low-cost, sustainable solution for large-scale, energy-intensive customers through our propriety Lancium Smart Response™ technology. For more information, visit www.lancium.com. Follow Lancium on social media: Facebook, Twitter, LinkedIn, YouTube.
For Broad Reach Power:
Morgan Moritz
Pierpont Communications
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512-448-4950 (O)
512-745-2575 (M)
THE WOODLANDS, Texas--(BUSINESS WIRE)--Excelerate Energy, Inc. (NYSE: EE) announced today that on July 5, 2022, its Board of Directors (the “Board”) increased its size from six to seven members and appointed Deborah Byers as a new independent director effective immediately. In addition, Ms. Byers will serve as Chairperson of the Audit Committee.
“We are pleased to announce the appointment of Deborah Byers to Excelerate Energy’s Board,” said Don Millican, Chairman of the Board. “Deborah’s extensive energy industry knowledge will be invaluable to the organization as we strive to grow the business globally. This addition also demonstrates our commitment to strengthening and diversifying our corporate governance. We thank her for accepting this responsibility to lead and provide independent management oversight.”
Ms. Byers recently retired as a Partner from Ernst & Young LLP (“EY”) and brings 36 years of Public Accounting experience to the Excelerate Energy Board. During her tenure at EY, Ms. Byers held multiple leadership roles, including serving as EY’s Americas Industry Leader overseeing the growth strategy across its primary markets from July 2018 to her retirement in July 2022. Previously, she served as EY’s Houston Office Managing Partner and US Energy Leader and Managing Partner of EY’s Southwest Region Strategy & Transactions business unit. In these roles, she was a leader in the global energy market and worked with corporations and investment funds in all phases of energy investment across the sector. Ms. Byers holds a bachelor’s degree in Business Administration from Baylor University and is a Certified Public Accountant.
ABOUT EXCELERATE ENERGY:
Excelerate Energy, Inc. is a U.S.-based LNG company located in The Woodlands, Texas. Founded in 2003 by George B. Kaiser, Excelerate is changing the way the world accesses cleaner forms of energy by providing integrated services along the LNG value chain with the objective of delivering rapid-to-market and reliable LNG solutions to customers. Excelerate offers a full range of flexible regasification services from FSRU to infrastructure development to LNG supply. Excelerate has offices in Abu Dhabi, Antwerp, Boston, Buenos Aires, Chattogram, Dhaka, Doha, Dubai, Ho Chi Minh City, Manila, Rio de Janeiro, Singapore, and Washington, DC. For more information, please visit www.excelerateenergy.com.
Investors
Craig Hicks
Excelerate Energy
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Media
Stephen Pettibone / Frances Jeter
Sard Verbinnen & Co
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DUBLIN--(BUSINESS WIRE)--The "Yacht Market Size, Share & Trends Analysis Report by Type (Super Yacht, Flybridge Yacht, Sport Yacht, Long Range Yacht), by Length (Up To 20 Meters, 20 To 50 Meters, Above 50 Meters), by Region, and Segment Forecasts, 2022-2030" report has been added to ResearchAndMarkets.com's offering.
The global yacht market size is expected to reach USD 13.56 billion by 2030. It is expected to expand at a CAGR of 5.4% from 2022 to 2030. The market is expected to witness significant growth owing to the increasing coastal and marine tourism activities across the globe. Furthermore, the rising standard of living and growing corporate tourism activities globally are expected to further drive the market.
The sports segment is expected to exhibit high growth owing to its use in personal activities as well as sporting events. The increasing number of recreational sporting events, yacht trade shows, and events organized by OEMs are supporting the growth of the market in developed regions such as North America and Europe. A significant increase in the number of people participating year-on-year in marine recreational activities is also expected to further boost the market growth in these regions. Moreover, rising marine tourism and the growing population of high-net-worth individuals are also likely to contribute to the growth of the regional markets.
According to the World Bank, HNWI accounts for less than 1% of the world's total population and more than 40% of the world's total wealth. The growing HNWI population is driving the spending on leisure activities, including yacht travels. The demand for modern leisure yachts is particularly growing as it provides a connected experience while cruising, fishing, and so on.
The increasing adoption rate of yachts has compelled manufacturers to invest in research and development on building yachts using high-strength composite material for physical structures. Significant amounts of R&D budgets are also assigned for the integration of technologies such as IoT that enable the exchange of information through a single network. Furthermore, the digitalization of propulsion systems has also significantly increased the efficiency of yachts, thus reducing fuel consumption.
Yacht Market Report Highlights
Key Topics Covered:
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Market Variable, Trends & Scope
3.1. Market Lineage Outlook
3.2. Yacht Market Dynamics
3.3. Penetration & Growth Prospect Mapping
3.4. Yacht Market Industry Analysis-Value Chain
3.5. Yacht Market Industry Analysis-Porter's Five Forces
3.6. Yacht Market Industry Analysis-PEST
Chapter 4. Yacht Market: Type Outlook
4.1. Yacht Market: Type Analysis
Chapter 5. Yacht Market: Yacht Length Outlook
Chapter 6. Yacht Market: Type Outlook
Chapter 7. Yacht Market: Regional Outlook
7.1. Yacht Market Share by Region, 2021 & 2030
7.2. North America
7.3. Europe
7.4. Asia Pacific
7.5. Latin America
7.6. Middle East & Africa
Chapter 8. Competitive Analysis
8.1. Recent Developments & Impact Analysis, by Key Market Participants
8.2. Company/Competition Categorization (Key Innovators, Market Leaders, Emerging Players)
8.3. Vendor Landscape
Chapter 9. Competitive Landscape
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/ou5d4v
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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BOSTON & WHITE PLAINS, N.Y.--(BUSINESS WIRE)--ArcLight Clean Transition Corp. II (Nasdaq: ACTD) (“ArcLight”) reminds its shareholders to vote in favor of the proposed business combination (the “Business Combination”) with OPAL Fuels LLC (“OPAL Fuels”), a vertically integrated producer and distributor of renewable natural gas (RNG), and the related proposals at ArcLight’s extraordinary general meeting (the “Special Meeting”).
ArcLight has mailed the definitive proxy statements/prospectus (the “Proxy Statement”) to shareholders of record as of the close of business on June 1, 2022 (the “Record Date”). The Proxy Statement contains a notice and voting instruction form and a proxy card, relating to the Special Meeting.
The Special Meeting will be held in virtual format and physically at the offices of Kirkland & Ellis LLP located at 609 Main Street, Houston, Texas 77002 on July 15, 2022, at 9:00 a.m. Eastern Time. The Special Meeting can be accessed via live webcast at https://www.cstproxy.com/actcii/2022. If the proposals at the Special Meeting are approved, the parties anticipate that the Business Combination will close and trading of the combined entity’s stock will commence listing on the Nasdaq under the new ticker symbol “OPAL” shortly thereafter, subject to the satisfaction or waiver, as applicable, of all other closing conditions.
Every shareholder’s vote is important, regardless of the number of shares held. Accordingly, ArcLight requests that each shareholder complete, sign, date and return a proxy card (online or by mail) as soon as possible and by no later than 11:59 p.m. Eastern Time on July 14, 2022, to ensure that the shareholder’s shares will be represented at the Special Meeting.
Shareholders who hold shares in “street name” (i.e., those shareholders whose shares are held of record by a broker, bank or other nominee) should contact their broker, bank or nominee to ensure that their shares are voted.
If any individual ArcLight shareholder does not receive the Proxy Statement, such shareholder should (i) confirm his or her Proxy Statement’s status with his or her broker or (ii) contact Morrow Sodali LLC, ArcLight’s proxy solicitor, for assistance via e-mail at: This email address is being protected from spambots. You need JavaScript enabled to view it. or toll-free call at (800) 662-5200. Banks and brokers can place a collect call to Morrow Sodali at (203) 658-9400.
About OPAL Fuels LLC
OPAL Fuels LLC, a Fortistar portfolio company, is a leading vertically integrated renewable fuels platform involved in the production and distribution of renewable natural gas (RNG) for the heavy-duty truck market. RNG is a proven low-carbon fuel that is rapidly decarbonizing the transportation industry now while also significantly reducing costs for fleet owners. OPAL Fuels captures harmful methane emissions at the source and recycles the trapped energy into a commercially viable, lower-cost alternative to diesel fuel. OPAL Fuels also develops, constructs, and services RNG and hydrogen fueling stations. As a producer and distributor of carbon-reducing fuel for heavy-duty truck fleets for more than a decade, the company delivers best-in-class, complete renewable solutions to customers and production partners. To learn more about OPAL Fuels and how it is leading the effort to capture North America's harmful methane emissions and decarbonize the transportation industry, please visit www.opalfuels.com and follow the company on LinkedIn and Twitter at @OPALFuels.
About ArcLight Clean Transition Corp. II
ArcLight Clean Transition Corp. II, led by Chairman Daniel Revers and President and Chief Executive Officer Jake Erhard, is a special purpose acquisition company formed for the purpose of effecting a capital stock exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses focused on opportunities created by the accelerating transition toward sustainable use of energy and natural resources.
About FORTISTAR
Founded in 1993, FORTISTAR is a privately-owned investment firm that provides capital to build, grow and manage companies that address complex sustainability challenges. FORTISTAR utilizes its capital, flexibility, and operating expertise to grow high-performing assets, first in independent power projects and now into other areas that support decarbonization. For more information about FORTISTAR or its portfolio companies, please visit: www.fortistar.com and follow the company on LinkedIn.
Important Information and Where to Find It
ArcLight has filed with the U.S. Securities and Exchange Commission (the “SEC”) a Registration Statement on Form S-4 (as amended, the “Registration Statement”), which includes the Proxy Statement, in connection with the Business Combination. ArcLight has mailed the Proxy Statement and other relevant documents to shareholders of ArcLight as of the Record Date. ArcLight’s shareholders and other interested persons are advised to read the Proxy Statement in connection with ArcLight’s solicitation of proxies for its shareholders’ meeting to be held to approve the Business Combination because the Proxy Statement contains important information about ArcLight, OPAL Fuels, and the Business Combination. Shareholders will also be able to obtain copies of the Registration Statement, without charge, at the SEC’s website at www.sec.gov. In addition, the documents filed by ArcLight may be obtained free of charge from ArcLight at https://www.arclightclean.com or by directing a request to: ArcLight Clean Transition Corp. II, 200 Clarendon Street, 55th Floor, Boston, MA 02116.
Participants in the Solicitation
ArcLight, OPAL Fuels and their respective directors, executive officers, other members of management and employees, under SEC rules, may be deemed to be participants in the solicitation of proxies of ArcLight’s shareholders in connection with the Business Combination. Investors and security holders may obtain more detailed information regarding the names and interests in the Business Combination of ArcLight’s directors and officers, and OPAL Fuels’ directors and executive officers in ArcLight’s filings with the SEC, including the Registration Statement.
Forward-Looking Statements
Certain statements in this communication may be considered forward-looking statements. Forward-looking statements are statements that are not historical facts and generally relate to future events or ArcLight’s or OPAL Fuels’ future financial or other performance metrics. In some cases, you can identify forward-looking statements by terminology such as “believe,” “may,” “will,” “potentially,” “estimate,” “continue,” “anticipate,” “intend,” “could,” “would,” “project,” “target,” “plan,” “expect,” or the negatives of these terms or variations of them or similar terminology. Such forward-looking statement are subject to risks and uncertainties, which could cause actual results to differ materially from those expressed or implied by such forward looking statements. New risks and uncertainties may emerge from time to time, and it is not possible to predict all risks and uncertainties. These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by ArcLight and its management, and OPAL Fuels and its management, as the case may be, are inherently uncertain and subject to material change. Factors that may cause actual results to differ materially from current expectations include, but are not limited to, various factors beyond management’s control, including general economic conditions and other risks, uncertainties and factors set forth in the section entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in the Registration Statement and other filings with the SEC, as well as (1) the inability to complete the proposed transaction; (2) factors associated with companies, such as OPAL Fuels, that are engaged in the production and integration of renewable natural gas (RNG), including anticipated trends, growth rates, and challenges in those businesses and in the markets in which they operate; (3) macroeconomic conditions related to the global COVID-19 pandemic; (4) the effects of increased competition; (5) contractual arrangements with, and the cooperation of, landfill and livestock waste site owners and operators, on which OPAL Fuels operates its landfill gas and livestock waste projects that generate electricity and RNG prices for environmental attributes, low carbon fuel standard credits and other incentives; (6) the ability to identify, acquire, develop and operate renewable projects and RNG fueling stations; (7) the failure to realize the anticipated benefits of the proposed transaction, which may be affected by, among other things, competition, the ability of the combined company to grow and manage growth profitably, maintain relationships with customers and suppliers and retain key employees; (8) delays in obtaining, adverse conditions contained in, or the inability to obtain necessary regulatory approvals or complete regulatory reviews required to complete the proposed transaction; (9) the outcome of any legal proceedings that may be instituted in connection with the proposed transaction; (10) the amount of redemption requests made by ArcLight’s public shareholders; and (11) the ability of the combined company that results from the proposed transaction to issue equity or equity-linked securities or obtain debt financing in connection with the transaction or in the future. Nothing in this communication should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. You should not place undue reliance on forward-looking statements in this communication, which speak only as of the date they are made and are qualified in their entirety by reference to the cautionary statements herein. Both ArcLight and OPAL Fuels expressly disclaim any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in ArcLight’s or OPAL Fuels’ expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.
Disclaimer
This communication is for informational purposes only and is neither an offer to purchase, nor a solicitation of an offer to sell, subscribe for or buy, any securities or the solicitation of any vote in any jurisdiction pursuant to the Business Combination or otherwise, nor shall there be any sale, issuance or transfer or 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.
OPAL Fuels
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CINCINNATI--(BUSINESS WIRE)--Verdant Commercial Capital, LLC executed a multiyear program agreement with Synovus Bank to provide a new equipment finance offering — Synovus Equipment Leasing — for Synovus Bank commercial customers. Through the offering, leasing and equipment finance agreements for essential use equipment can range from $25,000 to $50 million. The program is for Synovus commercial customers only and is now available.
This relationship combines Verdant’s speed and efficiency of fast credit underwriting, simple document processing, and customer-centric servicing with the large banking footprint of Synovus Bank, bringing flexible alternatives for Synovus customers who wish to acquire essential use equipment through financing. The program agreement will allow Synovus relationship managers an opportunity to further support clients in this space. This financing is supported by a line of credit from Synovus Specialty Finance.
“Synovus has a proven 134-year banking history and is $56 billion in assets strong,” said Brian Lowe, chief commercial officer for Verdant Commercial Capital. “We are excited to partner with the bank’s commercial equipment leasing team to deliver a value-added solution for their clients. This product fills a need for Synovus’ relationship managers to offer fast, flexible, competitive equipment financing to their commercial clients, and we are looking forward to getting this exceptional solution in market to serve a variety of financing sizes and collateral types.”
“As a leading Southeast regional bank, we are committed to being trusted advisors and providers of best-in-class service and solutions for clients,” said Matt Paluch, chief operating officer for Synovus’ wholesale banking team. “This relationship with Verdant furthers our mission by delivering agility and expertise to supplement our core banking offerings through white label equipment financing options.”
For more information on this new program, contact your Synovus relationship manager.
ABOUT VERDANT COMMERCIAL CAPITAL
Verdant Commercial Capital is one of the top ten largest independent equipment finance companies in the United States. Verdant provides financing solutions for the acquisition of critical equipment and software in six industries: Industrials; Manufacturing; Specialty Vehicle; Golf, Sports & Entertainment; Renewables & Energy Efficiency; and Technology & Office Automation. Verdant brings partners the ability to fund business with transaction sizes from below $25,000 up to $100 million. The company is headquartered in Cincinnati and has offices in Dallas, Detroit, Los Angeles, and Minneapolis. Verdant was named a 2022 Top Workplace by The Enquirer Media. For more information, visit www.verdantcc.com.
ABOUT SYNOVUS BANK
Synovus Bank, a Georgia-chartered, FDIC-insured bank, provides commercial and retail banking and a full suite of specialized products and services, including private banking, treasury management, wealth management, mortgage services, premium finance, asset-based lending, structured lending, and international banking through branches in Georgia, Alabama, South Carolina, Florida, and Tennessee. Synovus is a Great Place to Work-Certified Company and is on the web at synovus.com, and on Twitter, Facebook, LinkedIn, and Instagram.
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Dynamic load reduction program enables distributed energy resources to bolster grid flexibility and help protect against price volatility
SAN FRANCISCO--(BUSINESS WIRE)--#energy--Leap, a leading energy market access provider, and NRG Energy, Inc. brand Direct Energy, a retail electric provider serving C&I customers in Texas, today announced a strategic partnership to deploy a real-time grid services program in Texas to bolster grid flexibility generating savings for NRG customers.
Leap together with NRG’s automated real-time economic dispatch program will use flexible, curtailable customer load to increase grid resiliency and mitigate customers’ exposure to volatile wholesale electricity prices. Leap’s partnerships with technology companies in the state — including GridPoint — help increase grid resiliency and provide real-time flexibility to retailers, which in turn reduces the cost and risk to serve their customers.
“Retail customers are using grid-connected distributed energy technologies at ever-increasing rates,” said Jaden Crawford, Director of Policy at Leap. “These technologies are installed for many reasons; from improving comfort, to charging electric vehicles, to managing building energy use. While performing their primary function, these technologies can also be invaluable and flexible resources for balancing the grid and managing retailers’ exposure to price volatility. Our program with NRG does exactly that, and in return, participating NRG customers receive an additional value stream for further optimizing the technologies they’re already using.”
Leap’s platform allows partners to use distributed assets, including/such as smart thermostats, battery storage, EV chargers and more, to respond to wholesale energy market pricing signals, unlocking new revenue streams for asset owners and mitigating NRG’s exposure to high prices. Leap’s universal API energy market access platform features end-to-end automation so dispatches require no customer action, minimizing customer impact while maximizing customer benefit.
“We recognize the growing importance of strategic load management in our increasingly electrified and renewable world,” said Scott Hart, Head of Sales for North America NRG Business. “Together with Leap, we look forward to providing customers with even more control and flexibility over their energy profile.”
About Leap
Leap is the leading global platform for generating new value from grid-connected resources and devices through integration with energy markets. Leap does all of the heavy lifting, seamlessly connecting technology partners to high-value revenue streams and providing a simplified, automated access point for market participation with batteries, electric vehicle charging, smart thermostats, HVAC systems, industrial facilities, and other flexible assets. By making it easy for new distributed resources to participate in energy markets, Leap lays the groundwork for virtual power plants (VPP). Leap empowers its partners to provide resilient, zero-carbon capacity to the grid while strengthening engagement with their customers through new value streams.
About NRG
At NRG, we’re bringing the power of energy to people and organizations by putting customers at the center of everything we do. We generate electricity and provide energy solutions and natural gas to millions of customers through our diverse portfolio of retail brands. A Fortune 500 company, operating in the United States and Canada, NRG delivers innovative solutions while advocating for competitive energy markets and customer choice, working toward a sustainable energy future. More information is available at nrg.com. Connect with NRG on Facebook, LinkedIn, and follow us on Twitter @nrgenergy.
Leo Traub
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IRVING, Texas--(BUSINESS WIRE)--Matheson Tri-Gas, Inc. ("MATHESON"), the USA affiliate of Nippon Sanso Holding Corporation, Tokyo, has signed a long-term Supply Agreement to meet hydrogen requirements for a 75,000 bpd refinery in Mobile, Alabama owned by Vertex Energy (“Vertex”). The MATHESON Facility will have a nameplate capacity exceeding 30 mmscfd hydrogen production and the capability to process a range of feedstocks, including renewable naphtha and other co-products from Vertex’s Renewable Diesel production, as well as natural gas, as necessary. The Facility is designed in accordance with MATHESON HYCO’s global standards with respect to safety, ultra-high supply reliability, and with the flexibility required to best integrate these specifications with Vertex’s operations and supply considerations. Conceptual Design of the HYCO Facility has been completed and engineering has been progressed. Procurement of critical path equipment by MATHESON has also commenced.
“Vertex looks forward to partnering with MATHESON in support of our renewable diesel initiative at the Mobile refinery,” stated James Rhame, COO of Vertex. “MATHESON brings proven technical expertise to the project, positioning us to accelerate our energy transition strategy. We look forward to continued collaboration as we move toward project commissioning and operations.”
This initiative demonstrates MATHESON/NSHD’s commitment to gases supply for commercially sound Renewable Energy projects and represents a significant additional dimension for our Global HYCO footprint. It also enhances MATHESON HYCO’s presence in the region, which includes existing facilities at McIntosh and Saraland in Alabama, and Pensacola in western Florida.
NSHD, in its effort to foster a carbon neutral society, is currently pursuing multiple business and program initiatives under the Global HYCO effort that supplies hydrogen, syngas and carbon monoxide products to select customers for carefully selected projects and is committed to continue to explore opportunities to realize growth and a carbon-neutral society by expanding this business on a global scale.
Raghu Menon
President HyCO Operation, MATHESON
908-720-7194
This news release constitutes a “designated news release” for the purposes of the Company’s prospectus supplement dated January 21, 2022, to its short form base shelf prospectus dated May 19, 2021, as amended by amendment no. 1 dated January 19, 2022.
MONTRÉAL--(BUSINESS WIRE)--$NMG #ESG--Developing a local, carbon-neutral and traceable turnkey supply of advanced materials for the Western World, Nouveau Monde Graphite Inc. (“NMG”, “Nouveau Monde” or the “Company”) (NYSE: NMG, TSXV: NOU) releases the results of its feasibility study (the “Study”) completed in accordance with the National Instrument 43-101 (“NI 43-101”) for its integrated business operation comprised of the Phase-2 Matawinie Mine and Bécancour Battery Material Plant projects. The Study, conducted by engineering firm BBA Inc. (“BBA”) with the support of various technical consultants, has demonstrated strong economics for NMG’s model as the battery and electric vehicle (“EV”) manufacturers seek alternatives for sourcing their graphite-based solutions amidst growing demand and projected structural deficit of production in the next decade. The Company is ideally positioned to cater to the North American and European markets with its large graphite deposit, proprietary ecotechnologies, demonstrated production capacity thanks to its Phase-1 operations, as well as preferential jurisdiction advantages including clean hydropower, flexible logistical base and stable fiscal and political environment.
Updating resources and reserves, operational, and financial metrics of the Matawinie Mine 2018 bankable feasibility study (effective as of July 10, 2018 and issued on December 10, 2018), the Study also layered the production and economics structure of the Bécancour Battery Material Plant, the process and engineering optimizations generated in recent months, the latest market pricing as per Benchmark Mineral Intelligence’s assessment, as well as capital expenditures (“CAPEX”) and operating expenses (“OPEX”) profile amidst current economic conditions. These combined parameters for a projected annual average production of 103,328 tonnes per annum (“tpa”) of high-purity flake graphite concentrate at the Matawinie Mine and 42,616 tpa of anode material plus 3,007 tpa of purified jumbo flakes at the Bécancour Battery Material Plant, using a portion of Matawinie’s production as feedstock, indicate an after-tax net present value (“NPV”) of C$ 1,581 million and internal rate of return (“IRR”) of 21%.
Arne H Frandsen, Chair of NMG, said: “Market trends have accelerated in past months and while inflation and logistics turbulences present a more challenging environment, we have demonstrated our graphite expertise, advanced manufacturing capacity and complex project management skills to execute our vision of an integrated green anode material production. The successful upstream integration is designed to ensure that we have access to high-quality, responsible feedstock for decades to come, and provides battery and EV manufacturers with the assurance of a traceable, local, and carbon-neutral supply.”
Table 1: Economic highlights of NMG’s integrated Phase-2 graphite operations.
ECONOMIC HIGHLIGHTS |
Matawinie Mine |
Bécancour Battery Material Plant |
INTEGRATED NMG MODEL |
Pre-tax NPV (8% discount rate) |
C$ 986 M |
C$ 1,374 M |
C$ 2,360 M |
After-tax NPV (8 % discount rate) |
C$ 571 M |
C$ 1,010 M |
C$ 1,581 M |
Pre-tax IRR |
28.2% |
22.8% |
24.6% |
After-tax IRR |
22.2% |
20.4% |
21.0% |
Pre-tax payback |
3.2 years |
4.3 years |
3.9 years |
After-tax payback |
3.7 years |
4.5 years |
4.2 years |
Annual average production |
103,328 tonnes of graphite concentrate |
42,616 tonnes of anode material 3,007 tonnes of purified jumbo flakes 18,384 tonnes of by-product fines |
- |
Life of mine (“LOM”) |
25 years |
- |
- |
Initial CAPEX |
C$ 481 M |
C$ 923 M |
C$ 1,404 M |
Annual OPEX |
C$ 58 M |
C$ 136 M |
C$ 195 M |
CAPEX and OPEX were established from test work results, Phase-1 operations, supplier quotations and consultant’s in-house databases. Estimates being currently at the market's peak as influenced by inflationary trends, NMG and its consulting firms have refined design, engineering, and construction parameters to enable cost optimization and competitive pricing of NMG’s production. Québec’s affordable clean hydropower underpins the Company’s technologies, economics structure and carbon-neutrality commitment.
NMG’s integrated business model, with a secured feedstock, close-by operations at the western market’s doorstep and operational flexibility to adapt production based on demand, represents a stable and cost-effective structure in today’s everchanging macroeconomics.
Eric Desaulniers, Founder, President, and CEO of NMG, commented: “We have come a long way from our initial Matawinie Mine project to develop an integrated operation tailored to the market’s technical requirements and sourcing strategy. NMG is positioning itself as North America’s largest, fully integrated natural graphite production to relieve battery and EV manufacturers from their overreliance on Chinese production. With attractive economics, strong ESG credentials, demonstrated execution capacity, and high-purity advanced materials, we are set to provide a turnkey large-scale solution for the booming local battery value chain. Our significant forecasted incremental annual operating profit potential is a testimony that it is possible to embrace sustainable development and profitability to the benefit of all stakeholders.”
Product Offering and Market
The integrated material flowsheet developed by NMG is designed to leverage the distribution of graphite concentrate flake sizes to be produced at the Phase-2 Matawinie Mine by catering to the most profitable market segments. Jumbo to coarse flakes will be destined to high-purity, high-margin specialty and traditional markets at a LOM average price of C$ 2,135 per tonne. While fine to intermediate flakes will be transformed into coated spherical purified graphite (“CSPG”) at the Phase-2 Bécancour Battery Material Plant for sales as anode material for lithium-ion battery applications at a LOM average price of C$ 11,540 per tonne. A portion of jumbo flakes will also undergo refinement at the Bécancour Battery Material Plant to produce purified jumbo flakes for niche applications such as heat dissipators in 5G technologies and bipolar plates in hydrogen fuel cells. By-products from this facility will also be sold to optimize the Bécancour basket price.
Selling prices were calculated using forecasts provided by Benchmark Mineral Intelligence, an IOSCO-regulated price reporting agency and market intelligence publisher for the lithium-ion battery to EV supply chain. They were estimated for the North American market where the Company is expected to have competitive advantages over international producers, namely its carbon-neutral footprint, multimodal logistical base, stable political jurisdiction and exclusion from U.S. import tariffs on graphite.
Pressure caused by gigafactories development across the world, limited production capacity impacted by Chinese pandemic measures and turbulent logistics is reflected in the year-over-year flake graphite price increase of 37% (Benchmark Mineral Intelligence, May 2022). The global lithium-ion battery production capacity pipeline to 2031 now reaches 6,660 GWh, driving associated projections for graphite demand to 7,993,000 tpa, the largest of all battery metals.
Mineral Resource and Reserves
The mining property (the “Mining Property” or the “Tony Block”) presently consists of 159 contiguous map-designated claims totalling 8,266.42 hectares (“ha”) wholly owned (100%) by NMG. The Matawinie Mine project lies within the municipality of Saint-Michel-des-Saints, Québec, Canada, approximately 120 km as the crow flies north of Montréal.
Exploration work on the Mining Property targeted graphite mineralization and consists to date of airborne geophysics, prospecting, ground TDEM surveying, trenching/channel sampling and core drilling. Surface and core samples were also collected for metallurgical and geomechanical tests. Exploration work uncovered significant crystalline flake graphite mineralization ultimately leading to the identification of Mineral Resources and Reserves.
Mineral Resources have been estimated for the West Zone of the Mining Property. These Mineral Resources are based on 8,274 assay intervals collected from 27,888.24 m of core drilling and three (3) surface trenches providing 207 channel samples. Proper quality control measures, including the insertion of duplicate, blank and standard samples, were used throughout the exploration programs and returned within acceptable limits.
Table 2: Current Pit-Constrained Mineral Resource Estimate for the West Zone1
Mineral Resource Category2 |
Current Resource (May 20, 2022) 7 |
||
Tonnage (Mt)5,6 |
Grade (% Cg)3 |
Contained Graphite (Mt) |
|
Measured |
28.5 |
4.28 |
1.22 |
Indicated |
101.8 |
4.26 |
4.33 |
Measured + Indicated |
130.3 |
4.26 |
5.55 |
Inferred4 |
23.0 |
4.28 |
0.98 |
|
|||
A combined Mineral Resource of the South-East and South-West zones is also present on the Mining Property. While these deposits are part of the Property, they have not been studied to be integrated in the Mineral Reserves or the mine plan.
The table below presents the Mineral Reserves which have been estimated for the West Zone of the Matawinie Deposit.
Table 3: Matawinie Mineral Reserves for the West Zone
Category |
Tonnage (Mt) |
Grade (% Cg) |
Contained Graphite (Mt) |
Proven |
17.3 |
4.16 |
0.7 |
Probable |
44.3 |
4.26 |
1.9 |
Proven & Probable |
61.7 |
4.23 |
2.6 |
The Qualified Person for the Mineral Reserve Estimate is Jeffrey Cassoff, P.Eng., of BBA Inc. The effective date of the estimate is July 6, 2022. Mineral Reserves were estimated using a graphite concentrate average selling price of C$2,135/tonne, and consider a 2% royalty, and selling costs of C$47.92/tonne. An average grade of 97% was considered for the graphite concentrate. A metallurgical recovery of 93% was used. A cut-off grade of 2.20% Cg was used. The strip ratio for the open pit is 1.16 to 1. The Mineral Reserves are inclusive of mining dilution and ore loss. The reference point for the Mineral Reserves is the primary crusher. Totals may not add due to rounding. |
|||
Matawinie Mine
The Matawinie Mine will leverage the West Zone deposit with an average production of 103,328 tpa of high-purity graphite concentrate over the LOM. The project demonstrates exceptional potential due to its significant high-purity Mineral Reserves and low-cost operational model, coupled with a skilled workforce, high-quality infrastructure, including paved roads and hydroelectricity, as well as the dynamic regional business ecosystem.
The deposit will be mined using conventional open-pit mining methods consisting of drilling, blasting, loading, and hauling. Estimation of the Mineral Reserves included pit optimization, pit design, mine scheduling, and the application of modifying factors to the Measured and Indicated Mineral Resources. To maximize the NPV, mining phases have been designed and incorporated into the mining sequence to defer waste rock stripping and provide a balanced blended feed grade for the concentrator over the LOM. The mine plan is successful at achieving the targeted concentrate production with a strip ratio of 1.16:1 and an average grade of 4.23% Cg over the 25‑year LOM.
A concentrator will be built adjacent to the pit. The concentrator was designed based on the results from the metallurgical testing at NMG’s Phase-1 mineral processing facility plant and at external labs. Through crushing, milling, flotation, cleaning, and drying, the ore is concentrated to attain 97% Cg and classified per flake size. Water recycling is maximized throughout the process.
Table 4: Graphite Concentrate Size Fraction Proportion
Graphite Concentrate Flakes Size Fraction |
Proportion |
|
Jumbo (+50 mesh) |
14.8% |
|
Coarse (-50+80 mesh) |
33.4% |
|
Intermediate (-80+150 mesh) |
27.7% |
|
Fine (-150 mesh) |
24.1% |
Tailings produced by the concentrator will be separated into non-acid generating (“NAG”) and potentially‑acid generating (“PAG”) for co-disposal with waste rock. A co‑deposition storage facility will be located at surface and as of Year 8, tailings will be returned to the pit using the co-disposal system. The deposit will be mined from south to north to ensure adequate space is available for in‑pit backfilling. See Environmental Design & Carbon Neutrality Commitment section for additional information.
As part of its electrification strategy, NMG is committed to having both heavy equipment used for mining operations and ore concentration and processing activities become fully electric within the first five years of production. NMG’s electrification plan is not presented in this Study as active planning and development are ongoing with Caterpillar Inc., which is expected to supply the equipment using their Job Site Solution service model. With this model, NMG would pay for machine use on an hourly basis which includes machine supply and maintenance (parts and service) and a fleet management system. Electrical trucks and equipment would be introduced into the mining fleet as they become available. Projected to be the world’s first all-electric open-pit mine, the Matawinie Mine could reduce CO2 emissions by over 300,000 tonnes over the mine’s lifespan.
Table 5: Operational and Economic Highlights of the Matawinie Mine
Parameters |
|
LOM |
25 years |
Nominal annual processing rate |
2.55 M tonnes |
Stripping ratio (LOM) |
1.16:1 |
Average grade (LOM) |
4.23% Cg |
Average recovery |
93% |
Average annual graphite concentrate production (LOM) |
103,328 tonnes |
Finished product purity |
97% Cg |
CAPEX |
C$ 481 M |
Annual OPEX |
C$ 58 M |
OPEX cost per tonne of graphite concentrate |
C$ 565/tonne |
Matawinie average basket price (LOM) |
C$ 2,135/tonne |
All governmental permits and municipal authorizations pertaining to exploration, geotechnical, hydrogeological, and early preparatory works to date have been obtained. The ministerial decree authorizing the Matawinie Mine (Decree # 47-2021) was granted by the Québec Government on January 20, 2021; the latest operational parameters will be presented to governmental authorities for adjustment.
Early works for the Matawinie Mine started in Q2-2021 with activities related to tree clearing, construction of the nearly 8-km access road, preparation of the industrial pad, and civil works for environmental infrastructure.
In striving to limit potential impacts and plan beyond the LOM, the Company has developed the Matawinie Mine with environmental and social considerations at the forefront. NMG has and continues to actively engage with the local community and the Atikamekw First Nation. NMG has signed a collaboration and benefit-sharing agreement with the Municipality of Saint-Michel-des-Saints (2020) as well as a framework agreement (2018) and a pre-development agreement (2019) with the Atikamekw First Nation. The Company is actively progressing towards the elaboration of the impact and benefit agreement with the Atikamekw First Nation for the Phase-2 Matawinie Mine to maximize opportunities for Indigenous workers, contractors, and the community.
Bécancour Battery Material Plant
NMG’s advanced manufacturing operations will be regrouped at its Phase-2 Bécancour Battery Material Plant located in Bécancour, Québec, approximately 150 km northeast of Montréal, on the Saint Lawrence River. The robust local infrastructure provides the Company with a direct supply of required chemicals in addition to affordable hydroelectricity, a skilled workforce, and a multi-modal logistical base that includes a major international port in proximity to U.S. and European markets. Bécancour is rapidly attracting important industrial players in the battery materials and cell manufacturing space, supported by the Québec Government’s battery hub strategy. Twenty industrial and commercial projects are planned or under study, including BASF, GM-Posco, Vale and Nemaska Lithium.
In 2021, NMG purchased a 200,000-m² land in the Bécancour industrial park, adjacent to its chlorine supplier’s facility – Olin Corporation, to build its integrated manufacturing facility of anode material for lithium-ion batteries. The property presents no environmental limitations for construction. It offers all necessary infrastructure to have a safe and direct pipeline of chemical supply from Olin as well as quick access to rail, port, and road for both importing raw materials and exporting final products throughout North America and Europe.
Regrouping onsite all beneficiation units, the Bécancour Battery Material Plant is designed to receive approximately 63,775 tpa of graphite concentrate from the Matawinie Mine to be transformed into 42,616 tpa of CSPG, 3,007 tpa of purified flakes and 18,384 tpa of by-product fines, a valuable graphite material.
For CSPG production, the finest flake size fraction graphite concentrate will undergo micronization and spheronization (“shaping”), purification and coating. A portion of the jumbo flake production from the Matawinie Mine will be treated onsite through purification only to produce purified jumbo flakes.
The shaping process, essentially a mechanical transformation, reduces the flake size (micronization) to D50 of approximately 10 to 20 microns and rounds graphite material (spheronization) to increase the density of the spherical graphite for battery use. Shaping will also generate by-product fines to be sold as carbon riser.
NMG’s proprietary carbochlorination purification process elevates graphite materials to ≥99.95% Cg while respecting purity specifications of end-users. The carbochlorination process involves the injection of chlorine gas into furnaces at high temperatures to remove impurities contained in the graphite. Leveraging Québec’s abundant, clean, and affordable hydropower, the Company’s technology avoids using hydrofluoric acid in favor of high temperatures and the addition of chlor-based reagent, hence providing a greener and more sustainable alternative to that currently used in traditional anode material production. Production at NMG’s Phase-1 purification facility has demonstrated the performance of this ecotechnology with large-scale samples produced at 99.99% purity. Piloting is ongoing and set to continue over H2-2022 to finalize the scope of the purification sector of the plant.
The ultimate beneficiation step, coating is instrumental to battery technology. By applying a nanometric layer of amorphous carbon on the surface of spheronized purified graphite, coating helps create a stable electrolyte interface layer in the battery system and increase initial coulombic efficiency and discharge capacity, thus extending the battery performance over time. NMG’s coating technology is projected to reduce the energy consumption of this process up to 25% compared to the dominant manufacturing operations, with a minimal environmental footprint thanks to the Company’s access to clean hydropower and its strong ESG operational parameters. The module built at NMG’s Phase-1 plant will be replicated and scaled up for the Phase-2 Bécancour Battery Material Plant. The technology provides versatility for the use of different precursors as research and development (“R&D”) advances.
Piloting of all Phase-1 battery material modules is ongoing to produce large samples for battery manufacturers in order to accelerate the commercial qualification of the battery-grade commercial products.
Table 6: Operational and Economic Highlights of the Bécancour Battery Material Plant
Parameters |
|
Annual throughput |
63,775 tonnes |
CSPG yield |
≥70% |
Annual CSPG production |
42,616 tonnes |
Annual purified jumbo flake production |
3,007 tonnes |
Annual by-product fines production |
18,384 tonnes |
Finished product purity |
≥99.95% |
CAPEX |
C$ 923 M |
Annual OPEX |
C$ 136 M |
OPEX cost per tonne of CSPG throughput1 |
C$ 2,249/tonne |
Bécancour average basket price |
C$ 8,172/tonne |
|
|
The Bécancour Battery Material Plant will be organized by process sectors, with dedicated facilities for shaping, purification, and coating, plus support services. This modular facility is designed with a capacity to expand as demand increases in battery and specialty markets.
MEDIA
Julie Paquet
VP Communications & ESG Strategy
+1-450-757-8905 #140
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INVESTORS
Marc Jasmin
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PLANO, Texas--(BUSINESS WIRE)--#blueoil--Denbury Inc. (NYSE: DEN) (“Denbury” or the “Company”) plans to issue its second quarter 2022 financial and operating results prior to the market opening on Thursday, August 4, 2022. On the same day, the Company is scheduled to host a webcast and conference call at 11:00 a.m. Central Time (12 p.m. Eastern Time). The presentation webcast will be available, both live and for replay, on the Investor Relations page of the Company’s website at www.denbury.com. Individuals who would like to participate in the conference call should dial in shortly before the scheduled start time.
What: |
Denbury 2Q 2022 Results |
|
Date: |
Thursday, August 4, 2022 |
|
Time: |
11:00 a.m. Central Time (12 p.m. Eastern Time) |
|
Dial-in numbers: |
1.844.200.6205 (domestic) and +1.929.526.1599 (international) |
|
Access Code: |
048168 |
ABOUT DENBURY
Denbury is an independent energy company with operations and assets focused on Carbon Capture, Use and Storage (CCUS) and Enhanced Oil Recovery (EOR) in the Gulf Coast and Rocky Mountain regions. For over two decades, the Company has maintained a unique strategic focus on utilizing CO2 in its EOR operations and since 2012 has also been active in CCUS through the injection of captured industrial-sourced CO2. The Company currently injects over four million tons of captured industrial-sourced CO2 annually, with an objective to fully offset its Scope 1, 2, and 3 CO2 emissions by 2030, primarily through increasing the amount of captured industrial-sourced CO2 used in its operations. For more information about Denbury, visit www.denbury.com.
Follow Denbury on Twitter and LinkedIn.
DENBURY IR CONTACTS:
Brad Whitmarsh, VP Investor Relations, 972.673.2020, This email address is being protected from spambots. You need JavaScript enabled to view it.
Beth Bierhaus, Investor Relations Analyst, 972.673.2554, This email address is being protected from spambots. You need JavaScript enabled to view it.
HOUSTON--(BUSINESS WIRE)--Magnolia Oil & Gas Corporation (NYSE: MGY) will host a conference call and webcast to discuss operational and financial results for the second quarter 2022 on Wednesday, August 3 at 10:00 a.m. Central Time (11:00 a.m. Eastern Time).
Join the webcast by visiting Magnolia’s website at www.magnoliaoilgas.com/investors/events-and-presentations and clicking on the webcast link or by dialing 1-844-701-1059. Materials related to Magnolia’s second quarter 2022 financial results to be discussed during the webcast will be made available in the Investors section of the website prior to the call. The company will post a replay of the webcast on its website following the call.
About Magnolia Oil & Gas
Magnolia is a publicly traded oil and gas exploration and production company with operations primarily in South Texas in the core of the Eagle Ford Shale and Austin Chalk formations. Magnolia focuses on generating value for shareholders through steady production growth, strong pre-tax margins, and free cash flow. For more information, visit www.magnoliaoilgas.com.
Brian Corales
713-842-9036
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Kilroy Realty’s Solar Portfolio Increases to Six Megawatts with Three Solar Projects Energized in San Diego and San Francisco
LOS ANGELES--(BUSINESS WIRE)--Kilroy Realty Corporation (NYSE: KRC, the "company", "Kilroy") announced today that it has completed three onsite solar installations at 2100 Kettner and 9455 Towne Centre Drive in San Diego and Kilroy Oyster Point – Phase 1 in South San Francisco. With these systems energized, Kilroy now hosts over six megawatts of solar spanning across 13 assets, demonstrating Kilroy's continued commitment to scaling its renewable energy installations throughout its California portfolio.
The additional supply of clean solar electricity from these projects extends Kilroy’s position as a sustainability leader and advances the company’s efforts to champion sustainability initiatives that address the critical global challenge of climate change.
“Installing onsite solar is a critical tool for Kilroy as we work to decarbonize the built environment, allowing us to generate clean energy onsite, deliver long-term value to Kilroy, our tenants and our shareholders, as well as provide a visible demonstration of our commitment to sustainability,” said Sarah King, Kilroy’s Senior Vice President, Sustainability.
The solar projects are installed behind the meter, allowing the solar energy generated to be used onsite, reducing the buildings’ electrical grid demand to optimize building efficiency while benefiting Kilroy’s tenants. The projects are owned and operated by Stronghold Engineering and Lamb Energy, and the deals were facilitated by Black Bear Energy.
"Stronghold is proud to be a part of Kilroy's continuing efforts to embrace renewable energy," declared Beverly Bailey, Stronghold's President & CEO. "Along with helping to conserve natural resources, this project delivers real value to the client. It is a 'win' for all parties, and we are ecstatic to see companies like Kilroy lead the way in utilizing these technologies."
“Kilroy is the leader in the industry when it comes to all things sustainability, and it is an honor to continue to work with them to build out solar on their new developments. Installing onsite solar remains one of the most value accretive options for REITs in their pursuit of net zero,” commented Drew Torbin, Black Bear Energy’s Chief Executive Officer.
About Kilroy Realty Corporation
Kilroy Realty Corporation (NYSE: KRC, the “company”, “Kilroy”) is a leading U.S. landlord and developer, with operations in San Diego, Greater Los Angeles, the San Francisco Bay Area, the Pacific Northwest and Austin, Texas. The company has earned global recognition for sustainability, building operations, innovation and design. As pioneers and innovators in the creation of a more sustainable real estate industry, the company’s approach to modern business environments helps drive creativity and productivity for some of the world’s leading technology, entertainment, life science and business services companies.
The company is a publicly traded real estate investment trust (“REIT”) and member of the S&P MidCap 400 Index with more than seven decades of experience developing, acquiring and managing office, life science and mixed-use projects.
As of March 31, 2022, Kilroy’s stabilized portfolio totaled approximately 15.2 million square feet of primarily office and life science space that was 91.3% occupied and 93.1% leased. The company also had more than 1,000 residential units in Hollywood and San Diego, which had a quarterly average occupancy of 93.7%. In addition, the company had three in-process life science redevelopment projects with total estimated redevelopment costs of $115.0 million, totaling 330,000 square feet, and five in-process development projects with an estimated total investment of $2.2 billion, totaling approximately 2.6 million square feet of office and life science space. The in-process development and redevelopment office and life science space was 51% leased.
A Leader in Sustainability and Commitment to Corporate Social Responsibility
The company is listed on the Dow Jones Sustainability World Index and has been recognized by industry organizations around the world. The company’s office portfolio was 72% LEED certified and 38% Fitwel certified, and 78% of eligible properties were ENERGY STAR certified as of March 31, 2022.
The company has been recognized by GRESB as the listed sustainability leader in the Americas for eight of the last nine years. Other honors have included the National Association of Real Estate Investment Trust’s (NAREIT) Leader in the Light award for eight consecutive years and ENERGY STAR Partner of the Year for nine years as well as ENERGY STAR’s highest honor of Sustained Excellence, for the past seven years.
A big part of the company’s foundation is its commitment to enhancing employee growth, satisfaction and wellness while maintaining a diverse and thriving culture. For the third year in a row, the company has been named to Bloomberg’s Gender Equality Index—recognizing companies committed to supporting gender equality through policy development, representation, and transparency.
More Information is available at http://www.kilroyrealty.com.
About Stronghold Engineering
Stronghold Engineering, Inc. is an ENR ranked, award-winning design and construction firm specializing in renowned projects for some of the nation’s largest organizations. Throughout the firm's 30-year history, they have designed and constructed a wide array of technically challenging projects including high-profile ground up facilities, historic renovations, significant seismic upgrades, and large power generation systems deriving from both renewable and non-renewable sources. Stronghold has also performed considerable work in the civil, electrical, and infrastructure fields, with total projects exceeding $2.5 billion in construction cost.
More Information is available at www.strongholdengineering.com.
About Black Bear Energy
Black Bear Energy is a technology-enabled, commercial buyer’s representative specializing in onsite renewable energy and cleantech services. In the past five years, Black Bear has helped its clients bid out over 1,000 clean technology projects in more than 20 states through its data driven process.
More Information is available at www.blackbearenergy.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. Forward-looking statements are based on our current expectations, beliefs and assumptions, and are not guarantees of future performance. Forward-looking statements are inherently subject to uncertainties, risks, changes in circumstances, trends and factors that are difficult to predict, many of which are outside of our control. Accordingly, actual performance, results and events may vary materially from those indicated or implied in the forward-looking statements, and you should not rely on the forward-looking statements as predictions of future performance, results or events. Numerous factors could cause actual future performance, results and events to differ materially from those indicated in the forward-looking statements, including, among others: global market and general economic conditions and their effect on our liquidity and financial conditions and those of our tenants; adverse economic or real estate conditions generally, and specifically, in the States of California, Texas and Washington; risks associated with our investment in real estate assets, which are illiquid, and with trends in the real estate industry; defaults on or non-renewal of leases by tenants; any significant downturn in tenants’ businesses; our ability to re-lease property at or above current market rates; costs to comply with government regulations, including environmental remediation; the availability of cash for distribution and debt service and exposure to risk of default under debt obligations; increases in interest rates and our ability to manage interest rate exposure; the availability of financing on attractive terms or at all, which may adversely impact our future interest expense and our ability to pursue development, redevelopment and acquisition opportunities and refinance existing debt; a decline in real estate asset valuations, which may limit our ability to dispose of assets at attractive prices or obtain or maintain debt financing, and which may result in write-offs or impairment charges; significant competition, which may decrease the occupancy and rental rates of properties; potential losses that may not be covered by insurance; the ability to successfully complete acquisitions and dispositions on announced terms; the ability to successfully operate acquired, developed and redeveloped properties; the ability to successfully complete development and redevelopment projects on schedule and within budgeted amounts; delays or refusals in obtaining all necessary zoning, land use and other required entitlements, governmental permits and authorizations for our development and redevelopment properties; increases in anticipated capital expenditures, tenant improvement and/or leasing costs; defaults on leases for land on which some of our properties are located; adverse changes to, or enactment or implementations of, tax laws or other applicable laws, regulations or legislation, as well as business and consumer reactions to such changes; risks associated with joint venture investments, including our lack of sole decision-making authority, our reliance on co-venturers’ financial condition and disputes between us and our co-venturers; environmental uncertainties and risks related to natural disasters; our ability to maintain our status as a REIT; and uncertainties regarding the impact of the COVID-19 pandemic, and restrictions intended to prevent its spread, on our business and the economy generally. These factors are not exhaustive and additional factors could adversely affect our business and financial performance. For a discussion of additional factors that could materially adversely affect our business and financial performance, see the factors included under the caption “Risk Factors” in our annual report on Form 10-K for the year ended December 31, 2021 and our other filings with the Securities and Exchange Commission. All forward-looking statements are based on currently available information and speak only as of the dates on which they are made. We assume no obligation to update any forward-looking statement made in this press release that becomes untrue because of subsequent events, new information or otherwise, except to the extent we are required to do so in connection with our ongoing requirements under federal securities laws.
Sarah King
Senior Vice President, Sustainability
425.990.7130
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KOREPower’s 12 GWh lithium-ion battery cell production facility will break ground later this year, but the facility’s leadership team is in-place and laying the foundation for success
BUCKEYE, Ariz.--(BUSINESS WIRE)--KORE Power (KORE), a leading U.S.-based developer and manufacturer of battery cell technology, today announced the hiring of several members of the team that will run the day-to-day operations at its KOREPlex lithium-ion battery cell production gigafactory. The KOREPlex is expected to begin construction later this year and will employ 3,000 people when it reaches full production.
“We have assembled a team that will define the KOREPlex’s workplace culture and will allow us to attract and keep employees,” said Lindsay Gorrill, KORE Power’s Co-Founder and CEO.
Randy Cowder, Senior Vice President of Manufacturing, said the team brings unsurpassed lithium-ion cell manufacturing experience that will allow them to train the next generation of battery manufacturing workers.
“Besides some of the obvious qualities like battery manufacturing, management, safety, and quality experience, I wanted to assemble a team that understands the importance of people,” he said. “This team has a strong desire to develop and grow their people, which will help us become the employer of choice in the Buckeye/Phoenix area and help build a diverse and inclusive domestic battery industry.”
KOREPlex hires include:
Bill Mervine, Director of Plant Engineering
Mervine has 15 years of experience in various engineering roles including eight years of quality engineering/management experience and seven years of manufacturing and operations experience. He was responsible for all production equipment for the manufacturing of lithium-ion batteries at Panasonic in Nevada.
Monique Qiu, Senior Quality Control Engineer
Qiu offers six years of quality and industrial engineering experience, including most recently working as a Quality Control Engineer at the Tesla/Panasonic factory in Nevada.
Nolan Box, Director of Manufacturing
Box spent the last five years at the Tesla/Panasonic battery factory in Nevada as a Senior Production Manager, where he oversaw Panasonic’s recycling program, Hoshin process, and all scrap and quality defects. He also ran the Formation and Visual Inspection departments during start-up and product introductions.
Brenda Barrios, Production Manager
Barrios also comes from the Tesla/Panasonic battery factory in Nevada where she spent four years as the Production Manager for the Assembly department, the biggest department at Panasonic. Additionally, she oversaw the entire safety program for her department and reduced recordable incidents by 65%.
Cowder said he was able to attract top talent because the KOREPlex offers a unique opportunity.
“Giving employees an opportunity to be part of the KOREPLex – the first lithium-ion battery manufacturing facility owned by a US company and making US-owned IP – is a great honor,” he said. “Since we are building the company and the facility, our team members can help create the culture, and we are aligned from the top down. We want our employees to have careers, not just jobs and to provide opportunity and access to the battery industry. Our goal is to keep our employees challenged, give them a voice, and provide them every opportunity to move up in the company.”
About KORE Power
KORE Power, Inc., is the leading U.S.-based developer of battery cell technology for the clean energy industry. With clients in energy storage, e-mobility, utility, industrial and mission-critical markets, KORE Power provides the backbone for decarbonization across the globe. Optimized by its battery management system, KORE Power designs and manufactures its proprietary NMC and LFP cells, VDA modules, and packs. Through the construction and operations of its large-scale battery cell manufacturing facility in the U.S., KORE is positioned to operate at 12 GWh per year capacity. The facility (the “KOREPlex”) will operate with net-zero carbon emissions through strategic partnerships and solar and storage co-generation.
KORE Power’s differentiated approach provides customers with direct access, unparalleled service, superior technology, and product availability. Focused on building sustainable communities, clean energy jobs, and green economic expansion, KORE Power is proud to offer a functional solution to real-world problems and fulfill market demand to deliver a zero-carbon future. The KOREPlex is expected to come to Buckeye, Arizona, and be the anchor to the development of the Sustainable Valley by the end of 2024. For more information, visit www.korepower.com.
Cautionary Statement
Certain statements contained herein constitute forward-looking statements, including but not limited to statements about the plans, objectives, and expectations. All statements included herein, other than statements of historical fact, are forward-looking information, and such information involves various risks and uncertainties. KORE Power, Inc. believes the expectations reflected in these forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct, and such forward-looking statements in this news release should not be unduly relied upon. Forward-looking statements included in this news release are made as of the date of this news release, and KORE Power disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as expressly required by applicable securities legislation.
David Jakubiak
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Aleysha Newton
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EDMONTON, Alberta--(BUSINESS WIRE)--#energy--Thermo Fisher Scientific’s line of Niton XRF and LIBS units will now be offered by MFE Inspection Solutions Canada.
After 23 years of service, Elemental Controls is closing its doors and handing its distributorship of Thermo Fisher Scientific’s Niton XRF and LIBS analyzers to MFE Inspection Solutions Canada.
As part of this transition, MFE Canada will be welcoming Puneet Kochistry, Marco Santelli, Christian Lavell, Andrew Noblett, and Mike Nicol, all formerly of Elemental Controls, to its team.
“After 9 years in Canada, it is exciting to announce this new distribution agreement with Thermo Fisher Scientific and welcome these new MFE Inspection Solutions team members to the company,” says Scott Balzer, General Manager at MFE Inspection Solutions Canada. “The opportunity for us all to continue with sales, service, calibration, and repairs remains our number one commitment, and we look forward to showing how these expanded offerings will best support our new and current customers.”
The Niton XRF and LIBS allow inspectors to conduct sophisticated analyses in the field, without the need to collect samples and bring them back to a lab. The addition of the Niton XRF and LIBS, as well as these five experts on its use, will enhance MFE Canada’s ability to provide the very best NDT, RVI, environmental, drone, and robotics solutions to its clients.
“We are very proud of this new partnership with Thermo Fisher Scientific,” says Dylan Duke, Director of MFE Inspection Solutions. “The addition of the Thermo Scientific Niton XRF and LIBS Handheld analyzers serve to expand the offerings MFE Inspection Solutions brings to its clients, allowing them to access even more cutting-edge inspection equipment.”
About MFE Inspection Solutions, Inc.
MFE Inspection Solutions provides quality products from top manufacturers in the inspection industries. Established by the Duke family, who owns the MFL equipment manufacturer MFE Enterprises, Inc., in 2009; MFE Inspection Solutions is a one-stop shop for NDT, RVI, Environmental, and sUAV sales, rentals, calibrations, training, and repairs. All MFE inspection equipment is maintained by highly experienced inspection specialists with an extensive industry-specific knowledge base.
With over 20 years of experience working in NDT and RVI equipment, our experienced professionals ensure you receive the right tool for the job. MFE offers top NDT and RVI equipment such as tank floor scanners, ultrasonic testing equipment, flaw detectors, videoscopes, fiberscopes, and industrial UAV equipment.
Learn more about the solutions we offer at www.mfe-is.com.
Sharon Reynolds
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HOUSTON--(BUSINESS WIRE)--NextDecade Corporation (“NextDecade”) (NASDAQ: NEXT) announced today the execution of a 20-year sale and purchase agreement (“SPA”) with Guangdong Energy Group for the supply of liquefied natural gas (“LNG”) from NextDecade’s Rio Grande LNG export project (“RGLNG”) in Brownsville, Texas. The SPA was completed pursuant to the Binding Heads of Agreement previously announced on March 24, 2022.
Under the SPA, Guangdong Energy Group will purchase approximately 1.0 million tonnes per annum (“MTPA”) of LNG indexed to Henry Hub and delivered on an ex-ship (“DES”) basis. The LNG will be supplied from Rio Grande LNG Train 1, which is expected to start commercial operations as early as 2026. Guangdong Energy Group has the right to purchase an additional 0.5 MTPA of LNG from RGLNG.
“We are pleased to announce this SPA with Guangdong Energy, one of the largest power generation companies in Guangdong Province in Southeastern China,” said Matt Schatzman, NextDecade Chairman and Chief Executive Officer. “RGLNG’s differentiated offering of a lower carbon-intensive LNG continues to drive our commercial momentum and we look forward to working with Guangdong Energy over the coming years to help further reduce their greenhouse gas emissions.”
“The signing of the SPA represents a long-term and deep relationship between Guangdong Energy Group and NextDecade,” said Mr. Liu Bo, Deputy General Manager of Guangdong Energy Group. “We will make full use of our respective advantages to strengthen the relationship between our companies. Thus, benefiting and contributing to building a safe, clean, low-carbon, and modern energy system, a system that will help grow the Guangdong economy and foster sustainable development.”
Based on current expected demand for LNG and assuming the achievement of further LNG contracting and financing, NextDecade anticipates making a positive final investment decision (“FID”) on up to three trains of the Rio Grande LNG export project in the second half of 2022, with FIDs of its remaining trains to follow thereafter.
About NextDecade Corporation
NextDecade Corporation is an energy company accelerating the path to a net-zero future. Leading innovation in more sustainable LNG and carbon capture solutions, NextDecade is committed to providing the world access to cleaner energy. Through our wholly owned subsidiaries Rio Grande LNG and NEXT Carbon Solutions, we are developing a 27 MTPA LNG export facility in South Texas along with one of the largest carbon capture and storage projects in North America. We are also working with third-party customers around the world to deploy our proprietary processes to lower the cost of carbon capture and storage and reduce CO2 emissions at their industrial-scale facilities. NextDecade’s common stock is listed on the Nasdaq Stock Market under the symbol “NEXT.” NextDecade is headquartered in Houston, Texas. For more information, please visit www.next-decade.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of U.S. federal securities laws. The words “anticipate,” “contemplate,” “estimate,” “expect,” “project,” “plan,” “intend,” “believe,” “may,” “might,” “will,” “would,” “could,” “should,” “can have,” “likely,” “continue,” “design,” “assume,” “budget,” “guidance,” and “forecast” and other words and terms of similar expressions are intended to identify forward-looking statements, and these statements may relate to the business of NextDecade and its subsidiaries. These statements have been based on assumptions and analysis made by NextDecade in light of current expectations, perceptions of historical trends, current conditions and projections about future events and trends and 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 NextDecade’s progress in the development of its LNG liquefaction and export projects and CCS projects and the timing of that progress; the timing of achieving a final investment decision on the Rio Grande LNG terminal (the “Terminal”); reliance on third-party contractors to successfully complete the Terminal, the pipeline to supply gas to the Terminal and any CCS projects; ability to develop NCS’ business though implementation of CCS projects; ability to secure additional debt and equity financing in the future to complete the Terminal and CCS projects on commercially acceptable terms; accuracy of estimated costs for the Terminal and CCS projects; ability to achieve operational characteristics of the Terminal and CCS projects, when completed, including liquefaction capacities and amount of CO2 captured and stored, and any differences in such operational characteristics from expectations; development risks, operational hazards and regulatory approvals applicable to NextDecade's development, construction and operation activities and those of its third-party contractors and counterparties; technological innovation which may lessen NextDecade's anticipated competitive advantage or demand for its offerings; global demand for and price of LNG; availability of LNG vessels worldwide; changes in legislation and regulations relating to the LNG and CCS industries, including environmental laws and regulations that impose significant compliance costs and liabilities; scope of implementation of carbon pricing regimes aimed at reducing greenhouse gas emissions; global development and maturation of emissions reduction credit markets; adverse changes to existing or proposed carbon tax incentive regimes; global pandemics, including the 2019 novel coronavirus pandemic, the Russia-Ukraine conflict, other sources of volatility in the energy markets and their impact on NextDecade's business and operating results, including any disruptions in its operations or development of the Terminal and the health and safety of its employees, and on its customers, the global economy and the demand for LNG; risks related to doing business in and having counterparties in foreign countries; NextDecade’s ability to maintain the listing of our securities on the Nasdaq Capital Market or another securities exchange or quotation medium; changes adversely affecting the businesses in which NextDecade is engaged; management of growth; general economic conditions; ability to generate cash; and the result of future financing efforts and applications for customary tax incentives; and other matters discussed in the “Risk Factors” section of NextDecade’s most recent Annual Report on Form 10-K and subsequent reports filed with the Securities and Exchange Commission. Additionally, any development of the Terminal or CCS projects remains contingent upon completing required commercial agreements, securing all financing commitments and potential tax incentives, achieving other customary conditions and making a final investment decision to proceed. The forward-looking statements in this press release speak as of the date of this release. Although NextDecade believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurance that the expectations will prove to be correct. NextDecade may from time to time voluntarily update its prior forward-looking statements, however, it disclaims any commitment to do so except as required by securities laws.
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