Three-year Initiative will Improve Traffic Flow and Safety, and Reduce Carbon Emissions in Kane County, IL
SANTA ANA, Calif.--(BUSINESS WIRE)--$ITI #IoT--Iteris, Inc. (NASDAQ: ITI), the global leader in smart mobility infrastructure management, today announced that it has been selected by the Kane County Department of Transportation (Kane County DOT) for a smart mobility, safety and sustainability program, representing continued demand for Iteris’ specialized consulting services, cloud-enabled managed services and software-as-a-service (SaaS) solutions in a key geographic market.
Under the terms of the three-year contract, Iteris will provide transportation system operations and management (TSO&M) services that include management and operational oversight at approximately 140 signalized intersections and flashing beacon locations, 1,200 street light locations, as well as the county’s growing centrally controlled advanced traffic management system (ATMS) network.
In addition, Kane County DOT will use Iteris' recently launched congestion management service for intersections and arterials to augment the county’s traffic management operations on an ongoing basis. With its congestion management service, Iteris can typically detect hardware issues with traffic signal controller equipment, vehicular detection and pedestrian buttons within 24 hours. This offer bundles Iteris’ expertise and resources with the signal performance measures (SPM) features of Iteris’ ClearGuide® SaaS-based mobility intelligence solution. With ClearGuide SPM™, Iteris experts can monitor the health and safety of intersections, streamline their analysis through configurable alerts, and identify and prioritize optimizations without visiting the field. The overall goal of Iteris’ offering is to prevent the degradation of signal operations over time and the traditional method of signal timing updates, by maintaining optimized signal coordination and enhancing the county’s traffic system reliability.
The program supports Kane County DOT’s goals to significantly reduce countywide travel time, fuel consumption and greenhouse gas emissions, while improving safety and mobility, and overall travel experience for all road users, including vehicles, buses, bicycles and pedestrians. By reducing delays and stops on key corridors for passenger vehicles and heavy vehicles, the project will help reduce CO2 emissions and fuel consumption, which in turn will contribute to sustainable environmental and air quality improvements.
“We are beyond pleased with the work Iteris does for us, and look forward to reaping the safety, mobility and sustainability benefits of this important TSO&M initiative,” said Stephen Zulkowski, chief of traffic operations at Kane County DOT. “Iteris’ Chicago-based traffic engineers have grown with our agency as technology has evolved in the traffic operations field. From local control, closed loop master and central ATMS, Iteris' team has experience in all phases of project and task delivery, and has never disappointed, often exceeding expectations.”
“We are proud to support Kane County DOT’s goals of improving safety, mobility and sustainability for road users in the county by embarking on these smart mobility infrastructure management projects,” said Scott Carlson, general manager and vice president, Mobility Professional Services at Iteris. “This initiative represents the continued expansion of Iteris’ specialized consulting services, managed services and SaaS solutions in the Midwest, and will ultimately help to increase the value, effectiveness and resilience of the region’s existing transportation infrastructure, while also improving air quality and reducing fuel consumption.”
Kane County DOT joins other organizations, including the San Bernardino County Transportation Authority, Georgia Department of Transportation, City of Lake Forest, CA, Pulice-FNF-Flatiron Joint Venture and OC 405 Partners Joint Venture, which selected Iteris’ managed services to augment their traffic management and asset management operations to reduce congestion, and improve safety and sustainability.
Iteris’ managed services and SaaS solutions are key components of the ClearMobility™ Platform – the world’s most complete solution to continuously monitor, visualize and optimize mobility infrastructure. ClearMobility applies cloud computing, artificial intelligence, advanced sensors, advisory services and managed services to help ensure roads are safe, travel is efficient, and communities thrive.
About Iteris, Inc.
Iteris is the global leader in smart mobility infrastructure management – the foundation for a new era of mobility. We apply cloud computing, artificial intelligence, advanced sensors, advisory services and managed services to achieve safe, efficient and sustainable mobility. Our end-to-end solutions monitor, visualize and optimize mobility infrastructure around the world to help ensure that roads are safe, travel is efficient, and communities thrive. Visit www.iteris.com for more information, and join the conversation on Twitter, LinkedIn and Facebook.
Iteris Forward-Looking Statements
This release may contain forward-looking statements, which speak only as of the date hereof and are based upon our current expectations and the information available to us at this time. Words such as "believes," "anticipates," "expects," "intends," "plans," "seeks," "estimates," "may," “should,” “will,” "can," and variations of these words or similar expressions are intended to identify forward-looking statements. These statements include, but are not limited to, statements about the awarded contract and the benefits and impacts of our services. Such statements are not guarantees of future performance and are subject to certain risks, uncertainties, and assumptions that are difficult to predict, and actual results could differ materially and adversely from those expressed in any forward-looking statements as a result of various factors.
Important factors that may cause such a difference include, but are not limited to, our ability to provide our services and solutions in a cost-efficient manner; government funding and budgetary delays, issues and timing; the potential impact of product and service offerings from competitors and other competitive pressures; challenges in the development of software-based solutions generally; and the impact of influences and general economic, political, environment, and other conditions in the markets we address. Further information on Iteris, Inc., including additional risk factors that may affect our forward-looking statements, is contained in our Annual Report on Form 10-K, our Quarterly Reports on Form 10-Q, our Current Reports on Form 8-K, and our other SEC filings that are available through the SEC’s website (www.sec.gov).
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New Practice to Support Companies Navigating the Energy Transition
HOUSTON--(BUSINESS WIRE)--Pickering Energy Partners (PEP), a Houston-based energy financial services firm, recently launched its Energy Transition Advisory practice, which will build upon the momentum of PEP’s other offerings – including the growing market intelligence business (Insights), Consulting and Principal Investing practices – to deliver actionable opportunities for companies across the energy value chain.
The Energy Transition Advisory practice serves to connect Energy Transition companies with private capital and future monetization, operating as an investment bank with a vast network of opportunities. “With its deep investor relationships across the energy complex, PEP is uniquely positioned to help energy transition-focused companies navigate this new phase of energy by helping with early and late-stage capital raises, from early stage through series C and D, as well as private and public market exits,” said Dan Pickering, Chief Investment Officer at PEP.
Following record-breaking Energy Transition and ESG related investments in 2021, PEP anticipates a robust landscape in 2022. At the Independent Petroleum Association of America’s Private Capital Conference, Daniel Romito, PEP’s ESG Strategy and Integration Partner, said, “ESG now impacts all access to capital…your insurance, your banking and your equity, is all heavily influenced.”
PEP’s Energy Transition Advisory practice, led by Jason Martinez, will closely complement its ESG focus areas, creating more comprehensive, well-rounded business offerings. “The Energy Transition is more of a competitive consideration: how are you going to compete for capital in a decarbonizing world?” Martinez said. “ESG is the strategic consideration that impacts the capital you will have access to, the partners who will work with you, and the companies that can acquire you.”
With more than 25 years of experience in the energy industry, Martinez will serve as an investment banker, bringing unique perspective and expertise transforming companies across the energy value chain. His client and deal work spans more than a dozen countries and more than $100 billion of announced transactions, including mergers, acquisitions, divestitures, all forms of public and private capital raising, and commercial lending.
“With its track record, relationships and intellectual capital across the energy delivery value chain, Pickering Energy Partners is a game-changing firm at the center of transforming the future of energy, and I am excited to lead its Energy Transition Advisory practice,” Martinez said. Most recently, Martinez was Managing Partner at venture capital firm Tupper Lake Partners, focused on early-stage energy and ESG-enabling technologies.
Walker Moody, President of PEP, said, “This announcement has been highly anticipated, and we look forward to continuing to expand our business offerings and expertise to provide more comprehensive counsel for clients growing in the energy space.”
To learn more about PEP’s business offerings, visit PickeringEnergyPartners.com or contact Walker Moody at (713) 804-7576.
About Pickering Energy Partners
Pickering Energy Partners (PEP) is an energy focused financial services platform. Our expertise spans decades across the entire energy landscape. We’ve deployed over $15 billion across all energy sub-sectors. We are, at our core, trusted energy advisors, investors, and partners alongside our clients. Headquartered in Houston, Texas, PEP delivers an experienced, opportunistic team that aims to provide guidance and long-term value for clients while having a positive impact on the companies and communities that PEP invests in. For more information, please visit www.PickeringEnergyPartners.com.
PEP is an SEC Registered Investment Advisor located in Houston, Texas. Securities offered through PEP Advisory LLC Member FINRA/SIPC. PEP does not provide corporate advisory or investment banking services on energy-related transactions.
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SAN FRANCISCO--(BUSINESS WIRE)--Volta Inc. (NYSE: VLTA), the industry leader in commerce and people-centric electric vehicle ("EV") charging, today provided an update on its activities in key European markets, highlighting new contracts for the installation of DC Fast and AC (Level 2) charging stations in the region, and the inaugural installation of Volta stalls at a retail location in France.
Volta has signed partnership deals with the global sporting goods chain Decathlon, starting in St. Gallen, Switzerland, and the movie theatre company Cineplex Group in Germany. Volta also recently celebrated the installation of its first charging stations in France at the popular restaurant Key West near Annecy. The company will continue to work with commercial properties and retail locations to bring charging stations to additional sites in Europe in the coming months.
"Europe continues to be a top priority in our expansion strategy, and it's been encouraging to see such a positive response from the market as we continue to connect clean miles to commerce and help our partners meet their business and climate goals," said Chris Wendel, Co-Founder and President of Volta. "Our intelligent charging network is built around understanding and guiding the ongoing shifts in consumer and driver behavior, which means better outcomes for businesses and shoppers alike. We look forward to continuing to grow our European footprint and cultivating more mutually-beneficial partnerships with our retail, commercial, and media partners along the way."
With high-impact, large-format digital screens located near the entrances of popular commercial properties and retail locations, Volta stations simultaneously serve as a demand-pull for EV adoption, attract loyal customers to sites, and allow brands to reach shoppers seconds before they enter a store to make a purchase. The build-out of Volta’s network is powered by best-in-class behavioral science and machine learning technology, allowing the company to deploy infrastructure intelligently and efficiently.
"My clients have adopted Volta's unique charging stations very quickly and enthusiastically," said Grégory Sabatier, Owner of Key West. "As soon as they turned on, customers showed satisfaction with the charging experience, while the advertising model aroused real interest in terms of local communication. I am very proud to be the first French site deployed with the Volta EU team."
Volta's Europe expansion is driven by experienced local teams of EV charging hardware and software engineers, SaaS experts, and digital outdoor media sales leaders operating out of initial offices in Berlin and Paris.
About Volta
Volta Inc. (NYSE: VLTA) is an industry leader in commerce-centric EV charging networks. Volta’s vision is to build EV charging networks that capitalize on and catalyze the shift from combustion-powered miles to electric miles by placing stations where consumers live, work, shop and play. By leveraging a data-driven understanding of driver behavior to deliver EV charging solutions that fit seamlessly into drivers’ daily routines, Volta’s goal is to benefit consumers, brands and real-estate locations while helping to build the infrastructure of the future. As part of Volta’s unique EV charging offering, its stations allow it to enhance its site hosts’ and strategic partners’ core commercial interests, creating a new means for them to benefit from the transformative shift to electric mobility. To learn more, visit www.voltacharging.com.
Forward-Looking Statements
This press release includes forward-looking statements, which are subject to the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements may be identified by words such as “feel,” “believes,” expects,” “estimates,” “projects,” “intends,” “should,” “is to be,” or the negative of such terms, or other comparable terminology and include, among other things, statements regarding Volta’s strategy and other future events that involve risks and uncertainties. Such forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties, which could cause actual results to differ materially from the forward-looking statements contained herein due to many factors, including, but not limited to: intense competition faced by Volta in the EV charging market and in its content activities; the possibility that Volta is not able to build on and develop strong relationships with real estate and retail partners to build out its charging network and content partners to expand its content sales activities; market conditions, including seasonality, that may impact the demand for EVs and EV charging stations or content on Volta’s digital displays; risks, cost overruns and delays associated with construction and installation of Volta’s charging stations; risks associated with any future expansion by Volta into additional international markets; cost increases, delays or new or increased taxation or other restrictions on the availability or cost of electricity; rapid technological change in the EV industry may require Volta to continue to develop new products and product innovations, which it may not be able to do successfully or without significant cost; the risk that Volta’s shift to including a pay-for-use charging business model and the requirement of mobile check-ins adversely impacts Volta’s ability to retain driver interest, content partners and site hosts; the EV market may not continue to grow as expected; and the ability to protect its intellectual property rights; and those factors discussed in Volta’s Registration Statement on Form S-1, under the heading “Risk Factors,” filed with the Securities and Exchange Commission (the “SEC”), as supplemented by Quarterly Reports on Form 10-Q, and other reports and documents Volta files from time to time with the SEC. Any forward-looking statements speak only as of the date on which they are made, and Volta undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this press release.
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STAMFORD, Conn.--(BUSINESS WIRE)--#datamanagement--ClearDox LLC announced today that PBF Holding Company LLC (the “Company” or “PBF”), a subsidiary of PBF Energy Inc., has licensed its ClearDox® Spectrum intelligent document processing (IDP) software solution to automate data reconciliation for broker confirmation statements and counterparty contracts. PBF Energy Inc. and its subsidiaries are one of the largest independent oil refiners in North America, with six refineries that have a combined processing capacity of approximately 1,000,000 barrels per day (BPD), and related logistics assets.
The Company required an advanced document processing automation solution that would increase efficiency and reduce the risk of errors by eliminating the need for personnel to manually reconcile broker statements and counterparty contracts against its commodity trading and risk management (CTRM) system.
“A trial proved Spectrum was easy to use and had the capabilities we required, however, our decision to partner with ClearDox went beyond that,” said Stephen Strohmenger, the Company’s senior director, risk control and compliance. “Everyone we’ve worked with at ClearDox has deep knowledge of the energy industry and the challenges we face, which gives us the confidence that ClearDox is the right partner to help us automate our reconciliation process.”
With Spectrum, data from incoming broker statements and counterparty contracts is automatically extracted, standardized, and validated against data in the Company’s CTRM system. Personnel are automatically alerted when discrepancies are detected and can use Spectrum’s collaboration tool to quickly resolve them by communicating with team members and vendors directly from the user interface. Because personnel are only involved in addressing discrepancies, significant time is freed up to focus on more strategic, high-value tasks and projects.
“By automating their reconciliation process with Spectrum, PBF has taken steps towards improving productivity, reducing operational risk and ultimately securing a bigger competitive advantage,” said Rick Nelson, chief executive officer, ClearDox. “We’re honored to have them as a customer.”
About ClearDox LLC
ClearDox helps companies turn manual processes into a competitive advantage. Our cloud-based ClearDox® Spectrum intelligent document processing (IDP) solution improves productivity, reduces operational risk and helps businesses make smarter decisions by automating data classification, extraction and reconciliation. Spectrum has been used to process hundreds of thousands of documents at leading companies including Gulf Oil and Freepoint Commodities LLC. For more information, visit cleardox.com.
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DUBLIN--(BUSINESS WIRE)--The "On Demand Product: 2022 China Natural Gas Map (Anhui) Analyst Edition" map has been added to ResearchAndMarkets.com's offering.
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DeSoto I project to be among largest in the Southeast US, emphasizes safeguarding of agricultural ecosystem
OVERLAND PARK, Kan.--(BUSINESS WIRE)--Black & Veatch announced today that it has been selected by Silicon Ranch Corporation to build a sprawling, 125-megawatt (MWAC) solar array in Lee County in southwestern Georgia. Once construction is completed later this year, the DeSoto I Solar Farm will be among the biggest solar installations in the Southeast.
Nashville-based Silicon Ranch, one of the nation’s largest independent solar power producers, developed and is funding the project and will own, operate and maintain it for the long-term, a disciplined approach the company takes with every project it develops.
“As renewable energy continues to progress in a world rapidly focusing on decarbonization, this effort further demonstrates how carbon footprints can be minimized without disrupting the surrounding ecosystem,” said Paul Skurdahl, Black & Veatch senior vice president of renewable solutions. “This project aligns with our proven record of innovative approaches to delivering clean, affordable energy.”
DeSoto I will integrate Silicon Ranch’s trademark Regenerative Energy® land-management model, which co-locates solar energy production with regenerative agriculture practices. Once construction is complete, Silicon Ranch will restore the land to a functioning grassland ecosystem while keeping the project in agricultural production through managed sheep grazing using regenerative land management practices.
“As the long-term owner and operator of our projects, Silicon Ranch is committed to supporting the communities we serve, and we’re pleased to work with Black & Veatch to execute this vision in Lee County,” Silicon Ranch Co-Founder and CEO Reagan Farr said. “Thousands of Georgia residents have already helped us build more than a dozen world-class facilities in the region, and we will work with Black & Veatch and our partners in Lee County to recruit local talent for DeSoto I as well.”
Editor’s Notes:
About Black & Veatch
Black & Veatch is a 100-percent employee-owned global engineering, procurement, consulting and construction company with a more than 100-year track record of innovation in sustainable infrastructure. Since 1915, we have helped our clients improve the lives of people around the world by addressing the resilience and reliability of our most important infrastructure assets. Our revenues in 2020 exceeded US$3.0 billion. Follow us on www.bv.com and on social media.
About Silicon Ranch Corporation
Founded in 2011, Silicon Ranch is a fully integrated provider of customized renewable energy, carbon, and battery storage solutions for a diverse set of partners across North America. The company is one of the largest independent power producers in the country, with a portfolio that includes more than 4 gigawatts of solar and battery storage systems that are contracted, under construction, or operating across the U.S. and Canada. Silicon Ranch owns and operates every project in its portfolio and has maintained an unblemished track record of project execution, having successfully commissioned every project it has contracted in its history. In recognition of its holistic approach to land management, which the company has trademarked Regenerative Energy®, Silicon Ranch was named 2020’s “Most Forward-Thinking” company by Solar Power World. Silicon Ranch pioneered utility-scale solar in Georgia and remains a market leader, with nearly 2 Gigawatts across the state. To learn more, visit siliconranch.com and regenerativeenergy.org and follow on Facebook, Instagram, Twitter, and LinkedIn.
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HOUSTON--(BUSINESS WIRE)--Following the successful divestment of its oil and gas assets in the Hearne field of East Texas in December 2021, the former management team of TreadStone Energy Partners II, LLC (“TreadStone II”) is pleased to announce that it has formed TreadStone Energy Partners III, LLC (“TreadStone III” or the “Company”) with an equity commitment in excess of $180 million from Kayne Anderson Energy Fund VIII, L.P. (“Kayne Anderson”) and TreadStone III management. TreadStone III represents the continuation of a successful partnership with Kayne Anderson Energy Funds dating back to the 2011 formation of TreadStone Energy Partners, LLC (“TreadStone I”).
TreadStone III is a private exploration and production company that will pursue the acquisition of producing oil and natural gas properties with exploitation and development upside. The TreadStone III management team is led by Greg West as Chief Executive Officer, Frank McCorkle as President, Leandro Vargas as Vice President Land & General Counsel, and David Kita as Vice President Subsurface.
Greg West commented, “TreadStone has assembled a talented team and we are excited to partner again with Kayne Anderson to build on the legacy established by the successful TreadStone I and TreadStone II investments. The working relationship with the Kayne team has been essential in our prior success and will play a critical part in the execution of the company’s goals. We look forward to leveraging our Company’s strengths as we pursue and develop scalable opportunities.”
Ryan Sauer, Managing Director at Kayne Anderson Energy Funds, said, “We are thankful for this opportunity to continue what has been an extremely successful partnership with the TreadStone team. Management has proven themselves to be best-in-class operators throughout the course of our 11-year relationship, and we believe TreadStone III’s roster is filled with the experience necessary to thrive in today’s quickly evolving oil and gas environment.”
About TreadStone Energy Partners III, LLC
TreadStone Energy Partners III, LLC is a Houston-based, private energy company focused on acquisitions of producing properties with scalable exploitation and development upside across the lower 48, with an initial focus on Texas & New Mexico basins.
About Kayne Anderson
Kayne Anderson Capital Advisors, L.P., founded in 1984, is a leading alternative investment management firm focused on real estate, credit, infrastructure/energy, renewables, and growth equity. Kayne’s investment philosophy is to pursue niches, with an emphasis on cash flow, where our knowledge and sourcing advantages enable us to deliver above average, risk-adjusted investment returns. As responsible stewards of capital, Kayne’s philosophy extends to promoting responsible investment practices and sustainable business practices to create long-term value for our investors. Kayne manages $31 billion in assets (as of 12/31/2021) for institutional investors, family offices, high net worth and retail clients and employs 350 professionals in five core offices across the U.S. For more information, please visit www.kaynecapital.com.
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EXSHAW, Alberta--(BUSINESS WIRE)--#carbon--Lafarge Canada Inc. (Lafarge) today announced it has entered into a Purchase Power Agreement (PPA) with Calgary-based electricity company, TransAlta Corporation ("TransAlta").
Committed to responsible energy management and the increased use of renewable sources in place of traditional fossil fuels, Lafarge will maximize this PPA to supply 100 GWh/year of wind power (electricity only) to the Exshaw cement plant.
"We are proud to have partnered with TransAlta to deliver wind energy to the Exshaw cement plant. Cement manufacturing is an energy-intensive process, and we are considering all levers available to supply our operations with power from renewable sources of energy,” says Brad Kohl, President and CEO of Lafarge Western Canada.
“The PPA will cover 25% of Exshaw’s energy demands, depending on actual production volumes in 2022 and 2023. This agreement, first of its kind for Lafarge in Alberta, is an important step to utilizing higher amounts of renewable electricity at our facilities,” adds Cailee Ellis, Head of Sustainability and Environment of Lafarge Western Canada.
“TransAlta is pleased to provide competitive retail electricity solutions to our customers, like Lafarge, that can include power from our existing renewable assets in Alberta,” said Blain van Melle, Executive Vice President, Alberta Business at TransAlta.
Lafarge is in the final planning stages of their low carbon fuel project at Exshaw, which will support a lower specific net CO2 per tonne of cement produced. The PPA with TransAlta provides electricity for this project.
Demand for cement and concrete continues to expand across Canada, and the organization is committed to meeting that need as sustainably as possible, says Kohl. “We can support renewable electricity development and low carbon fuel projects, with innovative cement mixes to maximize our emissions reductions,” he says. “It’s essential for us to meet the needs of our communities while building sustainably for future generations.”
About Lafarge Canada Inc.
Lafarge is Canada’s largest provider of sustainable construction materials and a member of the global group, Holcim. With 6,000 employees and 350 sites across Canada, our mission is to provide construction solutions that build better cities and communities. The cities where Canadians live, work and raise their families along with the community’s infrastructure benefit from the solutions provided by Lafarge consisting of aggregates, asphalt and paving, cement, precast concrete, ready-mix concrete, and road construction. Learn more at www.lafarge.ca
About TransAlta
TransAlta owns, operates and develops a diverse fleet of electrical power generation assets in Canada, the United States and Australia with a focus on long-term shareholder value. TransAlta provides municipalities, medium and large industries, businesses and utility customers with clean, affordable, energy-efficient and reliable power. Today, TransAlta is one of Canada’s largest producers of wind power and Alberta’s largest producer of hydroelectric power. For over 100 years, TransAlta has been a responsible operator and a proud community-member where its employees work and live. TransAlta aligns its corporate goals with the UN Sustainable Development Goals. For more information about TransAlta, visit our web site at transalta.com.
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Initial roll-out of the Master Terminal by Navis SaaS solution will span bulk and break-bulk terminals across Euroports’ network providing more efficient reporting and greater visibility into operational profitability to optimize network-wide decision making
OAKLAND, Calif.--(BUSINESS WIRE)--Navis, the provider of operational technologies and services that unlock greater performance and efficiency for leading organizations throughout the global cargo supply chain, today announced a new partnership agreement with Euroports, consisting of a multi-terminal implementation of Master Terminal by Navis. The initial 5 year Master Terminal by Navis plus managed services subscription agreement includes a three-phased plan for several terminals with a targeted go live within 3 years. With a focus on Euroports’ break-bulk facilities, the Navis TOS will replace legacy systems, applying standardization for greater consistency and efficiency across Euroports’ network.
Euroports’ core business centers around port operations in strategically located terminal areas that allow producers and shippers to reach key consumer markets across Europe and China. Currently, Euroports is seeking an integrated, real-time view of all operations and data, consolidating performance results on a group level. With Master Terminal, Euroports will be able to address the complex challenges of managing break-bulk and bulk-cargo, better track operations and increase efficiency in administration and communication, allowing them to make smarter decisions faster for improved productivity and operational efficiency across the entire organization.
“We are putting a platform in place to provide operational excellence throughout our worldwide presence,” said Geert Gekiere, Chief Financial Officer of Euroports. “This involves a customer-centric solution that captures best practices, consistent communication and efficient administration. The goal is to identify the most suitable solutions for all our stakeholders. I am certain that the Navis team is the right partner to assist us in making this trip a success.”
“Break-bulk terminals face a unique set of challenges when it comes to managing cargo,” said Jacques Marchetti, VP & General Manager, Navis EMEA. “Having the entire Euroports global network on one central system will offer invaluable insights into the real time moves and data, not just at the ground level of each terminal, ultimately enabling business improvements network-wide.”
To learn more, visit www.navis.com
About Navis, LP
Navis is a provider of operational technologies and services that unlock greater performance and efficiency for the world’s leading organizations across the cargo supply chain. Navis combines industry best practices with innovative technology and world-class services, to enable our customers, regardless of cargo type, to maximize performance and reduce risk. Through its holistic approach to operational optimization, Navis customers benefit from improved visibility, velocity and measurable business results. Whether tracking cargo through a terminal, improving vessel safety and cargo capacity, optimizing rail network planning and asset utilization, automating equipment operations, or managing multiple terminals through an integrated, centralized solution, Navis helps all customers streamline operations. www.navis.com.
About Euroports
Euroports is a leading specialized port infrastructure operator offering a unique global logistics platform to its clients. With over 30 port terminals, more than 30 km of quay and 1.3 million sqm of warehouse space in strategic locations across the world, we handle and process your cargo and organize your supply chain along key trade routes. Euroports handles a variety of cargoes, mainly in bulk and break-bulk form, although also in liquid form and via containers. Thanks to our 100 years of stevedoring experience, our specialized port infrastructure, in depth industry and market knowledge, we offer our clients the highest quality of standards, as well as cost-effective solutions. At Euroports we are proud of our loyal and reliable team, numbering more than 2,500. At Euroports, safety is not just our priority, it is at the heart of our business. Environmental, social and governance principles are core to our activities. Euroports strives to continue expanding its network and expertise together with its partners along their supply chains across the globe. www.euroports.com
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HOUSTON--(BUSINESS WIRE)--#CCS--Milestone Environmental Services, LLC (“Milestone”) and CommunityBank of Texas, N.A. are pleased to announce a $45 million Sustainability-Linked Loan (“SLL”) arranged for Milestone through CommunityBank of Texas, N.A. with participation by Gulf Capital Bank. The transaction highlights Milestone’s sustainability track record by linking the loan interest margin to the achievement of independently verified Sustainability Performance Targets.
Frank W. Schageman, Chief Financial Officer of Milestone said, “The SLL is a unique and pioneering form of financing in that it addresses much of what our respective stakeholders want to see – investments in, and by, businesses focused on environmental sustainability and ESG, and a willingness to recognize and reward companies able to meet specific and independently measured and verified Sustainability Performance Targets.”
“We are excited to partner with a group of commercial banks that recognize our contributions to energy industry sustainability and believe in our mission to Clean Up EnergySM. While the quantum of debt is modest and conservative for Milestone, this SLL offers excellent cost of capital and the flexibility we need to continue to develop our growing business,” added Milestone President and CEO Gabriel Rio.
“This innovative Sustainability-Linked Loan provided Milestone with the opportunity to acquire an energy waste disposal facility along with two additional permits for energy waste landfills in Texas,” said CommunityBank of Texas, N.A. Corporate Banking Officer, Jason Beaton. “The distinctive structure of SLL allows companies, like Milestone, to leverage their environmental stewardship and ESG performance by linking their financing costs to execution on Milestone’s sustainability strategy.”
Jason Sirkel, CommunityBank of Texas, N.A. Senior Regional CEO added, “We admire Milestone’s commitment to ESG initiatives, and we are pleased to work with them and Gulf Capital Bank on this relationship.”
Milestone and CommunityBank of Texas, N.A. are committed to a shared responsibility in sustainability practices and protecting our communities for the benefit of all stakeholders.
About Milestone Environmental Services
Milestone is a Net Negative energy waste sequestration company with assets throughout the Permian Basin, Eagle Ford Shale, and Haynesville Shale. We are one of the largest independent energy waste sequestration companies in the United States, and a key business partner to energy companies looking to reduce their carbon footprint through cost-efficient waste management solutions. Our network of slurry injection sites and best-in-class E&P landfills provides a new avenue for management and sequestration of hydrocarbon-rich energy waste streams. We are committed to protecting the environment and our communities by offering a better way to manage waste and play a key role in a forward-looking carbon agenda. Milestone is a partner in the transition to a sustainable energy future. For more information, including a copy of our most recent Sustainability Report, please visit www.Milestone-ES.com.
About CommunityBank of Texas, N.A.
CommunityBank of Texas, N.A. is a commercial bank offering solutions to small and midsized businesses and professionals in Houston, Dallas, Beaumont, and surrounding communities in southeast Texas. CommunityBank of Texas, N.A. is the wholly-owned bank subsidiary of CBTX, Inc., a bank holding company traded on the Nasdaq Global Select Market under the symbol “CBTX.” Visit www.communitybankoftx.com for more information.
Milestone Environmental Services, LLC
Jessica Clements
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CommunityBank of Texas, N.A.
Ashley Warren
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TORRANCE, Calif.--(BUSINESS WIRE)--Global Clean Energy Holdings, Inc. (OTCQX: GCEH) is advancing its renewable diesel production through an agreement with ExxonMobil, which will invest $125 million with an option to acquire up to a 25% equity stake in the company. The investment, outlined in filings with the U.S. Securities and Exchange Commission, will help Global Clean Energy grow its proprietary camelina business in key farming regions in the United States and accelerate expansion into Europe and South America.
“This strategic investment by ExxonMobil is transformational for GCE and will enable the rapid expansion of our proprietary camelina business. It also demonstrates the long-term commitment of both organizations to develop ultra-low carbon, nonfood-based feedstocks and advanced biofuels,” said Richard Palmer, CEO of Global Clean Energy Holdings. “Throughout our four years working together, ExxonMobil has actively supported our feedstock deployment efforts in multiple U.S. growth regions.”
GCE’s Sustainable Oils subsidiary is the leading global producer of camelina, a fast-growing, nonfood oilseed crop planted during fallow rotations by farmers without impact to their primary crops. Based on analysis of California Air Resources Board data, renewable diesel from various non-petroleum feedstocks can reduce life-cycle greenhouse gas emissions by approximately 40% to 80% compared to petroleum-based diesel used in engines on the road today.
“We are investing in a number of technologies and initiatives that can reduce greenhouse gas emissions from vital sectors of the global economy, and are progressing lower-emission fuels to help industries like heavy transportation, marine and aviation,” said Ian Carr, president of ExxonMobil Fuels and Lubricants Company. “Our agreement with GCE is an example of how we are leveraging our significant resources, technology and capabilities to deliver more renewable fuels to help customers reduce their emissions.”
GCE has an existing commercial agreement with ExxonMobil for more than 4 million barrels of drop-in renewable diesel from GCE’s California biorefinery, which is on track to begin production later this year.
GCE was represented by investment bank’s Stifel and Raymond James; financial advisor Ocean Park, and King & Spalding LLP acted as outside counsel. The investment was executed on Feb. 02, 2022, with an expected financial closing by the end of February 2022, following customary HSR review. The investment includes an additional $40 million in equity and debt by GCEH’s existing lenders led by Orion Infrastructure Capital for a total investment of $165 million.
About Global Clean Energy
Global Clean Energy Holdings, Inc. (“GCEH”) is a vertically integrated renewable fuels company specializing in nonfood-based feedstocks used for the production of advanced biofuels and biomaterials. With a footprint that stretches from the laboratory to the farm gate through to biorefinery production, GCEH’s farm-to-fuels value chain integration provides unrivaled access to reliable, ultra-low carbon feedstocks. When online, the Bakersfield Biorefinery will be the only facility of its type, processing both traditional feedstocks as well as domestically grown camelina oil into sustainable, ultra-low carbon fuels in California. To learn more, visit gceholdings.com and susoils.com.
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Forward-Looking Statements
Certain matters discussed in this press release are "forward-looking statements" of Global Clean Energy Holdings, Inc. within the meaning of the Private Securities Litigation Reform Act of 1995. Investors are cautioned t hat statements in this press release which are not strictly historical statements are forward-looking statements and are subject to a number of risks and uncertainties. Important factors t hat could cause actual results, developments and business decisions to differ materially from forward-looking statements are described in the sections titled "Risk Factors" in our filings with the Securities and Exchange Commission, including our most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K.
Global Clean Energy Holdings, Inc.
Natalie Findlay
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SANTA CLARA, Calif.--(BUSINESS WIRE)--#TCF--Oklo Inc. and Argonne National Laboratory (Argonne) have signed an agreement to formalize both parties’ commitment to commercializing advanced fuel recycling technology. The partnership is an outcome of a cost-share project awarded by the U.S. Department of Energy (DOE) Technology Commercialization Fund (TCF), authorized in the Energy Policy Act of 2005. The TCF is a nearly $30 million funding opportunity that leverages R&D funding in the applied energy programs to mature promising energy technologies with the potential for high impact.
The project involves work with electrorefining technology to recycle fuel for use in advanced fission power plants. Oklo is matching DOE funding for commercializing electrorefining technology, which will help reduce fuel costs for advanced fission, while reducing supply chain risks.
“This partnership with Argonne will help reduce fuel costs for advanced reactors, and therefore overall costs for power from advanced fission,” said Jacob DeWitte, co-founder and CEO of Oklo. “There are tremendous energy reserves in used fuel that can provide emission-free power for entire nations for centuries while reducing the volume and radiological lifetime of waste material,” added DeWitte.
By working together through this agreement, Oklo and Argonne can accelerate the deployment of emission-free energy to market cost-effectively, aided by advanced fuel recycling capabilities.
About Oklo Inc.: Oklo Inc. (Oklo) is a California-based company developing advanced fission power plants to provide emission-free, reliable, and affordable energy. Oklo received a Site Use Permit from the U.S Department of Energy, successfully demonstrated prototypic fabrication of its metallic fuel, was awarded fuel material from Idaho National Laboratory, and developed the first advanced fission combined license application, which was accepted and docketed by the U.S. Nuclear Regulatory Commission.
Bonita Chan
Director of Marketing and External Relations
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The facility processed 160% of budgeted tonnage of organic waste during the last six months of 2021
VANCOUVER, British Columbia--(BUSINESS WIRE)--EverGen Infrastructure Corp. (TSXV:EVGN) (“EverGen”, or the “Company”), Canada’s Renewable Natural Gas (“RNG”) Infrastructure Platform, announces that its Sea to Sky Soils organic waste processing and composting facility (“Sea to Sky Soils”) processed approximately 160% of its budgeted tonnage in the second half of 2021. In total, Sea to Sky Soils processed approximately 36,000 tonnes of organic waste in 2021. Having maintained permit compliance as expected, Sea to Sky Soils is working with the Ministry of Environment to expand operational capacity in 2022.
EverGen partnered with local municipalities – including Metro Vancouver and the municipality of Pemberton – for the delivery of additional organic waste to the facility throughout 2021 and onward. Further to generating additional revenue, the facility serves as a source of valuable feedstock to support EverGen’s existing and future Renewable Natural Gas (“RNG”) operations.
“Sea to Sky Soils is an important part of EverGen’s RNG infrastructure platform. As a key facility positioned to contribute to our future growth in RNG production, we are excited about the organic waste processing achieved during 2021,” says EverGen Co-Founder and CEO Chase Edgelow. “With increased performance at Sea to Sky Soils we are setting the stage to expand our RNG production across the platform”.
Sea to Sky Soils is one of three projects in EverGen’s portfolio and has been operating near Pemberton, BC on Lil’wat Nation land since 2012. The Lil’wat Nation is a key partner and supporter of the facility, which has employed a majority of staff from the First Nation since inception and supports social, cultural and recreation programs in Mount Currie.
For more information about EverGen, please visit www.evergeninfra.com.
About EverGen Infrastructure Corp.
EverGen, Canada’s Renewable Natural Gas Infrastructure Platform, is combating climate change and helping communities contribute to a sustainable future, starting on the West Coast. Incorporated in 2020, EverGen acquires, develops, builds, owns and operates a portfolio of Renewable Natural Gas, waste to energy, and related infrastructure projects. EverGen is focused on British Columbia, with continued growth expected across other regions in North America.
For more information about EverGen Infrastructure Corp. and our projects, please visit www.evergeninfra.com.
Forward-Looking Information
This news release contains forward-looking statements and/or forward-looking information (collectively, “forward looking statements”) within the meaning of applicable securities laws. When used in this release, such words as “would”, “will”, “anticipates”, believes”, “explores” and similar expressions, as they relate to EverGen, or its management, are intended to identify such forward-looking statements. Such forward-looking statements reflect the current views of EverGen with respect to future events, and are subject to certain risks, uncertainties and assumptions. Many factors could cause EverGen's actual results, performance or achievements to be materially different from any expected future results, performance or achievement that may be expressed or implied by such forward-looking statements. These forward-looking statements are subject to numerous risks and uncertainties, including but not limited to: the impact of general economic conditions in Canada, including the ongoing COVID19 pandemic; industry conditions including changes in laws and regulations and/or adoption of new environmental laws and regulations and changes in how they are interpreted and enforced, in Canada; volatility of prices for energy commodities; change in demand for clean energy to be offered by EverGen; competition; lack of availability of qualified personnel; obtaining required approvals of regulatory authorities, in Canada; ability to access sufficient capital from internal and external sources; optimization and expansion of organic waste processing facilities and RNG feedstock; the realization of cost savings through synergies and efficiencies expected to be realized from the Company’s completed acquisitions; the sufficiency of EverGen’s liquidity to fund operations and to comply with covenants under its credit facility; continued growth through strategic acquisitions and consolidation opportunities; continued growth of the feedstock opportunity from municipal and commercial sources, many of which are beyond the control of EverGen.
Forward-looking statements included in this news release should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such forward looking statements.
The forward-looking statements contained in this release are made as of the date of this release, and except as may be expressly be required by law, EverGen disclaims any intent, obligation or undertaking to publicly release any updates or revisions to any forward-looking statements contained herein whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.
EverGen's actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do, what benefits EverGen will derive therefrom.
This news release shall not constitute an offer to sell or the solicitation of an offer to buy the securities in any jurisdiction.
EverGen Investor Contact
Kelly Castledine
416-576-8158
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EverGen Media Contact
Katie Reiach
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Low-Conflict Sites Protect Wildlife, Mitigate Risks, and Accelerate Deployment
MINNEAPOLIS--(BUSINESS WIRE)--Today The Nature Conservancy publicly released a map to help companies and communities identify the most promising places in the central U.S. to quickly develop renewable energy while avoiding impacts to important wildlife and habitats, called Site Renewables Right (nature.org/SiteRenewablesRight). The new analysis combines more than 100 GIS layers of wildlife habitat and land use data, helping to find areas where renewable energy development is most likely to avoid important natural areas, permitting delays, and cost overruns.
This first-of-its-kind map puts the latest research and data on the best places to source renewable energy in the hands of companies and communities. The Site Renewables Right map spans 19 states, from Ohio to Wyoming.
All told, Site Renewables Right estimates at least 120,000 square miles, an area larger than Arizona, hold the potential for low-conflict renewable energy siting in the central United States. The analysis suggests these areas could support approximately 1,000 GW of wind capacity — nearly 10 times the current U.S. wind capacity.
“To tackle climate change, we need to transition to renewable energy, and fast. Site Renewables Right finds there is huge opportunity to do this at a large-scale across the central United States, without significant impacts to habitat and wildlife,” said Nathan Cummins, Director of Renewable Energy Programs, The Nature Conservancy’s Great Plains Division. “Like any type of development, solar and wind facilities can harm wildlife and habitat if not sited properly. Site Renewables Right provides a way for companies and communities to assess those impacts. It encourages the right conversations to avoid project delays and impacts to the very same wildlife and natural areas we are trying to protect from climate change.”
Identifying low-conflict places for renewable energy in the region is critical, as the central United States is home to North America’s largest and most intact temperate grasslands, among the most altered and least-protected habitats in the world. It is “home on the range” for iconic wildlife such as bison, eagles, pronghorn, deer, and prairie chickens.
“Renewable energy and transmission are critical to reducing emissions and slowing global temperature rise to ensure a cleaner future for both people and wildlife,” stated Garry George, Director, Clean Energy Initiative, National Audubon Society. “The Site Renewables Right tool plays an important role in Audubon’s analysis of clean energy planning and individual projects to make sure that conservation and renewables go hand-in-hand.”
With up to 75% of the nation’s large renewable energy projects expected to be developed in the 19-state region by 2050, tools such as Site Renewables Right can help companies, state agencies, and communities quickly plan, permit, and purchase renewable energy in ways that helps conserve natural areas.
Companies can use Site Renewables Right to meet their climate goals and support wildlife conservation at the same time.
“The Nature Conservancy’s Site Renewables Right map is an excellent example of data capture that helps organizations make informed business decisions when evaluating renewable energy projects,” said Roberta Barbiera, VP Global Sustainability, PepsiCo. “Projects that are properly sited and developed support a sustainable and equitable clean energy transition, a critical lever in achieving our net-zero by 2040 goal and broader pep+ (PepsiCo Positive) ambitions.”
Energy companies are embracing this technology as well to help them achieve climate targets.
“Renewable energy plays a critical role in Xcel Energy’s vision to deliver at least 80% emissions reduction by 2030, and we’re responsibly developing wind and solar resources to protect the environment,” said Jeff West, Senior Director of Environmental at Xcel Energy. “We’re committed to working with organizations such as The Nature Conservancy and its Site Renewables Right initiative that researches and supports protecting wildlife and other natural resources as we provide a clean energy future for our customers.”
Site Renewables Right is now available for use at nature.org/SiteRenewablesRight. For inquiries about the map, or partnering with The Nature Conservancy, email This email address is being protected from spambots. You need JavaScript enabled to view it.
The Nature Conservancy is a leading conservation organization working around the world to conserve the lands and waters on which all life depends. The Conservancy and its more than 1 million members have protected nearly 120 million acres worldwide. www.nature.org.
Jon Schwedler 916/769-4728 This email address is being protected from spambots. You need JavaScript enabled to view it.
www.nature.org/SiteRenewablesRight
CHICAGO--(BUSINESS WIRE)--Satori Energy, a full-service energy consulting provider and wholly-owned subsidiary of Priority Power Management, LLC (“Priority Power”), has pledged its support to the U.S. Department of Energy’s National Community Solar Partnership (NCSP) in advance of the NCSP annual summit. Priority Power is backed by funds managed by Ara Partners Group ("Ara Partners"), a Houston-based private equity firm specializing in industrial decarbonization investments, and funds managed by Oaktree Capital Management, L.P. (“Oaktree”), a leader among global investment managers specializing in alternative investments.
As part of its pledge, Satori Energy has committed, in conjunction with its subsidiary and affiliate companies, to fulfill a cumulative 50 MW of community solar subscriptions by the end of 2025. This is equivalent to avoiding approximately 57,000 Metric Tons of Carbon Dioxide Equivalent, or approximately 12,400 passenger vehicles driven for one year, based on average solar capacity factors and EPA guidelines. Satori Energy will leverage its strong community and client relationships, developed over almost 20 years, to achieve this goal. Additionally, the Satori team is committed to dedicating significant resources to increase awareness, education, and ultimately, adoption.
Satori Energy President David C. Wiers commented, “It is an honor to support the NCSP and its important work. We believe that increasing awareness and adoption of community solar will help the environment, increase equity, and reduce utility costs. We have been highly involved with community solar for several years and we are excited to double down on these efforts over the years to come.”
Satori Energy and affiliate companies have a longstanding commitment to assist in decarbonization efforts in the United States, helping to reduce dependence on resources that emit greenhouse gases and carbon emissions.
Satori Energy
Satori Energy is a wholly-owned subsidiary of Priority Power Management, LLC, a full-service energy consulting firm based in Arlington, Texas. Satori proudly serves over 55,000 commercial and residential accounts across the United States, Canada, and Mexico. Our client-centric approach and relationships with over 65 of the top retail electricity and natural gas suppliers allow us to provide unparalleled value for our clients and has resulted in Satori Energy being repeatedly recognized as a leader within the deregulated energy industry. For additional information, please visit www.satorienergy.com.
Priority Power
Priority Power is an independent energy solutions provider focused on energy infrastructure, energy transition program management, market intelligence operations, and energy structuring. Priority Power serves over 6,700 clients, totaling $2.7 billion in energy spend and 94 TWh of electricity managed across 31 states. The Company prioritizes energy efficiency and seeks to leverage its engineering, procurement, construction, and market expertise to aid in decarbonization of the industrial economy. For more information on Priority Power, please visit www.prioritypower.com.
Ara Partners
Ara Partners is a private equity firm specializing in industrial decarbonization investments. Ara Partners invests in the industrial & manufacturing, chemicals & materials, energy efficiency & green fuels and food & agriculture sectors, seeking to build businesses that provide significant decarbonization impact. It operates from offices in Houston, Texas, Boston, Massachusetts, and Dublin, Ireland. For more information on Ara Partners, please visit www.arapartners.com.
Oaktree
Oaktree is a leader among global investment managers specializing in alternative investments, with $166 billion in assets under management as of December 31, 2021. The firm emphasizes an opportunistic, value-oriented and risk-controlled approach to investments in credit, private equity, real assets and listed equities. The firm has over 1,000 employees and offices in 19 cities worldwide. For additional information, please visit Oaktree’s website at http://www.oaktreecapital.com/.
About The National Community Solar Partnership
The National Community Solar Partnership (NCSP) is a coalition of community solar stakeholders working to expand access to affordable community solar to every U.S. household and enable communities to realize meaningful benefits, such as reduced energy burden, increased resilience, and workforce development. For more information about the NCSP please visit: www.energy.gov/communitysolar/about-national-community-solar-partnership.
Katherine Tappan
Investor Relations
501-951-5282
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GLENNALLEN, Alaska--(BUSINESS WIRE)--Copper Valley Electric Association (CVEA) located in Glennallen, Alaska is collaborating with Ultra Safe Nuclear Corporation (USNC) headquartered in Seattle to determine the feasibility of building the first commercial installation of a Micro Modular Reactor (MMR®) Energy System in Alaska. The study is designed to determine the technical feasibility, social acceptance, location, cost, and operating specifics of what is projected to be a 10-megawatt electric micro facility utilizing innovative advanced nuclear technology. If results are favorable, this will be the first deployment of a civilian microreactor in Alaska.
CVEA is a cooperative utility that provides electrical and heat services to more than 3,800 business and residential customers stretching north 160 miles from Valdez to Glennallen and spanning 100 miles east to west from the Tok Cutoff highway into the northern reaches of the Matanuska Valley. CVEA is not interconnected to any other electric utility and is dependent on expensive and volatilely priced liquid fossil fuels to provide 30 percent of the Cooperative’s annual generation requirements, virtually in all the winter months when less hydropower is available.
USNC is an advanced energy company focused on the delivery of safe, commercially competitive, clean, and reliable nuclear energy to markets throughout the world. The Seattle-based company designs, licenses, manufactures, and develops clean energy technologies. The USNC MMR will utilize proven reactor technologies, modern manufacturing and construction techniques, and a state-of-the-art fuel design to produce zero-carbon heat and electricity safely, reliably and at a cost-effective rate. Although a specific site has not been chosen, the MMR is designed to be built offsite and transported for final assembly on a site roughly the size of a baseball field.
The USNC microreactor was designed specifically for remote applications that are difficult to support with conventional baseload or renewable power. “We want to prove to Alaskans that our technology can meet Alaska’s unique energy needs by providing reliable and clean power to small populations dispersed across vast distances, despite harsh climate, geography, and other environmental conditions,” said USNC CEO, Francesco Venneri. CVEA is an ideal utility for the MMR site as it is an islanded electric system that is on the state’s road system, which will facilitate access during construction and eventually make it easier for onsite observations, staffing, and high-speed broadband communication necessary for security and operations.
An objective of CVEA’s strategic plan, approved by its Board of Directors in 2021, is to reduce the Cooperative’s reliance on liquid fossil fuels in favor of a cleaner, economic power supply while increasing energy independence. According to CVEA CEO, Travis Million, “Priorities for CVEA are to study the application of MMR technology in decarbonizing the utility’s energy portfolio, increasing efficiency, lowering the cost of operations and stabilizing winter rates when an increase in diesel generation would be necessary.” This project is intended to replace liquid fossil fuel generation and result in a significant reduction of CO2 and other pollutants. In comparison to traditional nuclear power plants, USNC’s MMR uses virtually no water, produces less nuclear waste, and utilizes fuel that is virtually indestructible and specifically engineered to not leak radioactive products or experience meltdown.
Million said, “CVEA and USNC will engage with communities and hope to earn their support by listening to and considering local interests throughout all phases of the project.” Intentional, community-based conversations to offer opportunities for CVEA members and interested Alaskans to ask questions or provide input on the proposed project will take place over the next several months while technical and economic assessments are completed. The feasibility study is expected to be completed this summer.
Governor Dunleavy introduced Senate Bill 177 on Tuesday to streamline the permitting process for micro nuclear reactors in Alaska. CVEA supports the effort and the bill.
For more about Copper Valley Electric, visit cvea.org or contact Travis Million at This email address is being protected from spambots. You need JavaScript enabled to view it.. For additional information regarding USNC’s MMR technology, visit usnc.com or contact Cristian Rabiti at This email address is being protected from spambots. You need JavaScript enabled to view it.; contact Mary Woollen at This email address is being protected from spambots. You need JavaScript enabled to view it. for questions related to community engagement.
CVEA Contact: Sharon Scheidt
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USNC Contact: Ray Vincenzo
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ROCKVILLE, Md.--(BUSINESS WIRE)--#Maine--Standard Solar, Inc., a leader in the acquisition, development, ownership and operation of commercial and community solar, has acquired a 6.97 megawatt (MW), 17,785-panel community solar project in Trenton, ME. This acquisition adds to the company’s existing 50 MW portfolio in Maine, further strengthening Standard Solar’s leadership in the state.
“This newest addition to our ownership portfolio in Maine signifies an important step in our push to bring cleaner energy to business and communities and our nation closer to its decarbonization goals,” said Harry Benson, Director, Business Development, Standard Solar. “Standard Solar is always seeking opportunities to fund and acquire additional projects, and we were quick to capitalize on Maine’s 2019 decision to embrace policies that support solar growth.”
The project, part of the state’s Net Energy Billing (NEB), will bring a 15-25 percent energy savings to nine leading Maine businesses who have subscribed, sharing the benefits without having to connect to it or invest in its development. NEB, overseen by the Maine Public Utilities Commission, enables businesses and municipalities to receive financial benefits from clean energy produced by a local solar array.
Trenton’s first large-scale community solar project will bring clean energy savings, local economic development and increased resiliency to these area businesses for many years.
“We expect community solar to be a critical part of Maine’s energy mix going forward,” added Benson.
The solar farm will generate an estimated 10,345 MWh of clean energy each year, enough clean energy to offset the equivalent of 825,000 gallons of gasoline consumed and 1,332 homes' electricity use for one year.
The project utilizes bifacial solar modules - double-sided panels that will help the system generate an additional 15% of output from ground reflection, something particularly advantageous given Maine’s snowy winters.
The project is expected to be completed by summer 2022.
About Standard Solar
Standard Solar is powering the nation’s energy transformation – channeling its project development capabilities, financial strength and technical expertise to deliver the benefits of solar, as well as solar + storage, to businesses, institutions, farms, governments, communities and utilities. Building on 17 years of sustainable growth and in-house and tax equity investment capital, Standard Solar is a national leader in the development, funding and long-term ownership and operation of commercial and community solar assets. Recognized as an established financial partner with immediate, deep resources, the company owns and operates more than 250 megawatts of solar across the United States. Standard Solar is based in Rockville, Md. Learn more at standardsolar.com, LinkedIn and Twitter: @StandardSolar.
For project acquisition and development inquiries, contact Harry Benson, 240-802-6012, This email address is being protected from spambots. You need JavaScript enabled to view it. and on LinkedIn.
PR:
Leah Wilkinson
Wilkinson + Associates
703-907-0010
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Golf Tournament Proceeds to Benefit Orange Bowl Cares and Extra Yard for Teachers
FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--#GATelesis--The Company announced today that the GA Telesis Orange Bowl Golf Tournament will tee off on Monday, April 11, 2022, at 8:00 AM. The tournament, which benefits Orange Bowl Cares and Extra Yard for Teachers, will begin with a shotgun start in Doral, Florida. Participants will enjoy a full day of golf, entertainment, refreshments, prize giveaways, celebrity guests, and more. Sponsorship opportunities, which include foursome registrations, are available now. To register, please visit www.gatelesisgolf.com.
The 2022 GA Telesis Orange Bowl Golf Tournament benefits two remarkable charitable beneficiaries: Orange Bowl Cares and the College Football Playoff Foundation’s Extra Yard for Teachers. The Orange Bowl Cares initiative seeks to continually improve our South Florida home through four pillar areas of focus: youth sports, education, community engagement, and legacy program revitalizations of sports facilities and school media centers. The Extra Yard for Teachers platform elevates the teaching profession by inspiring and empowering teachers through the implementation of programs in four focus areas: resources, recognition, recruitment, and professional development.
”Our inaugural golf tournament was an incredible success and a two-course sell-out. We teamed up with the aviation industry and the community, and in benefit of Extra Yard for Teachers, we successfully raised over $160,000," commented GA Telesis President & CEO Abdol Moabery. “Now we are going to do it on three courses at one of the country’s premier golf venues,” Moabery added.
“We are very excited to partner with GA Telesis to host this exciting golf tournament in an effort to raise funds for Orange Bowl Cares and Extra Yard for Teachers,” said Orange Bowl Committee President & Chair Frank Gonzalez. "The Orange Bowl Committee has been a longtime supporter of the CFP Foundation's Extra Yard for Teachers program, and we are looking forward to this event as yet another avenue for us to aid such a great cause alongside our ongoing Orange Bowl Cares community investment."
About GA Telesis
GA Telesis is the leading provider of integrated services in the commercial aviation industry. Through the GA Telesis Ecosystem™, the Company is distinctly positioned, across six continents, to leverage its resources to create innovative solutions for its customers. Consisting of global operations encompassing Component Solutions, Leasing/Financing, Logistics Solutions, and MRO Services business units for landing gear, component/composite, and turbine engine repair, as well as digital solutions, the GA Telesis Ecosystem™ provides an unparalleled resource to airlines. The Company’s core business is its mission to ensure “Customer Success,” built from a reputation for unsurpassed excellence and integrity.
About Orange Bowl
Orange Bowl is a 380-member, primarily volunteer non-profit sports organization that promotes and serves the South Florida community. With its primary mission since being created in 1935 to bring tourism to South Florida through an annual football game and events, it has also maintained a legacy of charitable contributions and community outreach. Orange Bowl community outreach efforts are comprised of four pillars through its Orange Bowl Cares program: Youth Sports, Education, Community Engagement, and Legacy Programs. Orange Bowl features a year-round schedule of events culminating with the 2022 Capital One Orange Bowl on December 30.
Cathy Moabery
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Utility participation in investment reflects market need for enabling technology to achieve large-scale adoption of energy efficiency technologies
SEATTLE--(BUSINESS WIRE)--Allumia today announced it has raised $7.5 million in Series A2 round financing, led by existing investor JW Asset Management with participation from American Electric Power (AEP) and Duke Investments LLC. The purpose of this financing is to accelerate development of Allumia’s Energy Efficiency-as-a-Service (EaaS) technology platform for large-scale deployment of energy efficiency solutions for utilities’ mass-market commercial and industrial (C&I) customers.
Allumia’s EaaS technology platform lets utilities deliver and fund efficiency projects to their C&I customers at scale while minimizing costly investments in discovery, project management, metering and verification (M&V), and ongoing service. Allumia’s platform provides software-based automation across the full project lifecycle, including solution design, project workflow management, document generation and management, project performance monitoring, revenue-grade metering, M&V, monthly billing on behalf of utilities, and long-term maintenance support.
“Complexity is the enemy of progress,” explains Allumia’s Founder and CEO, Aaron Block. “It’s why the majority of decarbonization being done by utilities today is large-scale ESCO work or direct-install lighting programs. Allumia’s platform is designed to simplify things for utilities and for end users, making it possible to bring decarbonization to the mass C&I market. I’m excited this funding will let us continue to develop our core technology and grow the team, helping us take our platform to the next level. I believe Efficiency-as-a-Service will be integral to the way utilities improve customer happiness and achieve their sustainability goals, while also generating new streams of revenue and creating shareholder value.”
Allumia’s EaaS business model overcomes common barriers to large-scale adoption of energy efficiency technologies: customers’ perceived technology risk, capital constraints and fear of performance risk. Allumia finances, installs, and maintains efficiency solutions for customers and shares a percentage of savings achieved. This transparent and low-risk shared savings model accelerates adoption, shifting financial and performance risk away from the customer.
ABOUT ALLUMIA
Allumia is a market leader in the delivery of Energy Efficiency-as-a-Service to the commercial sector, with a software and IoT platform that optimizes and automates the process of financing, developing, metering, and maintaining projects. Allumia provides services directly to commercial and industrial customers nationwide as well as through utility partnerships.
Brian Bradford
(206) 316-9922
PASADENA, Calif.--(BUSINESS WIRE)--$HLGN--Heliogen, Inc. (“Heliogen” or the “Company”) (NYSE: HLGN), a leading provider of AI-enabled concentrated solar energy, today announced that the United States Bureau of Land Management has awarded the Company the exclusive right to lease land in the Brenda Solar Energy Zone (SEZ).
Heliogen intends to develop a green hydrogen facility on the Brenda site, capable of producing approximately 20,000 metric tonnes of hydrogen per year. The Brenda SEZ is situated on 3,343 acres of land in La Paz County, Arizona on the California border. The site has direct access to Interstate 10 for distribution of hydrogen to nearby natural gas pipelines for blending and transport, as well as to the Phoenix metropolitan area and the Port of Los Angeles for domestic and international shipping.
“The Brenda SEZ is an ideal location for commercial-scale green hydrogen production due to the ample local water supply and its close proximity to potential offtake partners and key distribution channels,” said Bill Gross, Chief Executive Officer of Heliogen. “We look forward to providing updates on our plans to develop the facility and will leverage our proprietary, AI-enabled concentrated solar power technology to produce cost-effective green hydrogen. We are grateful to the Bureau of Land Management for their support and clarity throughout the process and are looking forward to continuing our work together.”
As previously announced, Heliogen and Bloom Energy successfully generated green hydrogen by integrating the companies’ technologies – Heliogen’s concentrated solar energy system and Bloom Energy’s Electrolyzer. The successful hydrogen production demonstration in Lancaster, California, completed in November 2021, showcased the many benefits of combining the companies’ complementary green power and hydrogen production technologies.
Heliogen’s AI-enabled concentrated solar energy system is designed to create non-intermittent, carbon-free steam, electricity, and heat from sunlight. When combined with Bloom Energy’s proprietary solid oxide, high-temperature electrolyzer, hydrogen can be produced 45 percent more efficiently than with low-temperature polymer electrolyte membrane (PEM) and alkaline electrolyzers. Electricity accounts for nearly 80 percent of the cost of hydrogen produced from electrolysis, and by using less electricity, hydrogen production is more economical, accelerating its adoption. In addition, the ability to use heat, which is a much lower cost source of energy than electricity, further improves the economics of green hydrogen production.
Project development is one of the many ways Heliogen can support customers looking to deploy its novel solar technology. Heliogen leverages its in-house expertise, led by Chief Commercial Officer Tom Doyle, to develop project sites on behalf of customers who take an owner/operator role.
About Heliogen
Heliogen is a renewable energy technology company focused on eliminating the need for fossil fuels in heavy industry and powering a sustainable future. The company’s AI-enabled, modular concentrated solar technology aims to cost-effectively deliver near 24/7 carbon-free energy in the form of heat, power, or green hydrogen fuel at scale – for the first time in history. Heliogen was created at Idealab, the leading technology incubator founded by Bill Gross in 1996. For more information about Heliogen, please visit Heliogen.com
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