DUBLIN--(BUSINESS WIRE)--The "New Build Trunk/Transmission Pipelines Projects Analytics and Forecast by Project Type, Regions, Countries, Development Stage, and Cost 2022-2026" report has been added to ResearchAndMarkets.com's offering.
A total of 524 new-build trunk/transmission pipelines projects are expected to start operations from 2022 to 2026. Of these, 376 represent gas pipelines projects, 67 constitute oil pipelines, 65 projects belong to product pipelines, and 16 account for Natural Gas Liquids (NGL) pipelines. Globally, about 217 upcoming pipeline projects are in the construction stage and likely to start operations from 2022 to 2026.
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Leading developer of food waste anaerobic digestion and renewable natural gas (RNG) facilities looks to expand to markets across U.S.
CINCINNATI--(BUSINESS WIRE)--Synthica Energy, a leading developer of anaerobic digestion and renewable natural gas (RNG) facilities, has named Larry Getz its new Director of Business Development. An experienced sales and business development executive in the food and beverage manufacturing industries, Getz will oversee Synthica’s efforts to source food waste feedstock for organics-to-energy facilities in underserved markets across the U.S.
Getz most recently served as Region Director for Sika, USA, where he led all facets of operations associated with training, development, and empowerment of vertical market managers in the food and beverage space. While there, he oversaw C-level relationships for a client portfolio that included Nestle, The Kroger Company and Gate Gourmet, among others. Getz has also served in global sales and leadership roles for Sherwin-Williams, General Polymers and Porter Paints.
“Synthica is seeing significant opportunities for food waste anaerobic digesters nationwide, and we needed an experienced leader to help us realize the potential we’re finding in the market,” said Sam Schutte, CEO of Synthica. “Larry has a proven track record in implementing robust sales strategies, policies and plans as well as uncovering business development opportunities that improve outcomes for the communities we serve. We’re excited and honored to have him on our team.”
Getz is a member of the Association for Materials Protection and Performance and is certified as a Food Safety Auditor by the National Environmental Health Association.
About Synthica Energy
Synthica Energy is an anaerobic digestion and renewable natural gas (RNG) development company focused on the creation of food waste organics-to-energy facilities in underserved US markets. Synthica’s flagship Anaerobic Digestion project is being developed in the Cincinnati region (“Synthica St. Bernard”). To learn more, visit https://synthica.com.
Valerie McDonough, Synthica Energy, LLC
513.268.6688
IRVING, Texas--(BUSINESS WIRE)--Exxon Mobil Corporation will release first quarter 2022 financial results on Friday, April 29, 2022. A press release will be issued via Business Wire and available at 5:30 a.m. CT at www.exxonmobil.com.
Darren Woods, chairman and chief executive officer; Kathy Mikells, senior vice president and chief financial officer; and Jennifer Driscoll, vice president of investor relations, will review the results during a live, listen-only conference call at 8:30 a.m. CT. The presentation can be accessed via webcast or by calling (888) 596-2592 (United States) or (786) 789-4790 (International). Please reference confirmation code 6927930 to join the call. An archive replay of the call and a copy of the presentation with accompanying supplemental financial data will be available at www.exxonmobil.com/ir.
ExxonMobil Media Relations
(972) 940-6007
New innovative technology fleet introduced in California
RICHMOND, Va.--(BUSINESS WIRE)--Performance Food Group Company (PFG) (NYSE: PFGC) announced today the introduction of 10 net-zero emission refrigeration trailers to its fleet at the company’s Gilroy, CA distribution center. Through a partnership with Advanced Energy Machines (AEM), the Transport Refrigeration Units (TRUs) are solar-supported electric refrigeration solutions that are capable of supporting our foodservice distribution needs and have the capability of maintaining temperatures down to minus 20 degrees F.
As part of the company’s Environmental, Social and Governance (ESG) commitment, PFG is proud to make the shift towards innovative and sustainable technologies as the California Air Reso Board (CARB) continues its plan to impose zero-emission requirements on TRUs operated and sold in California by the end of 2029.
“With this first wave of all-electric PFG TRUs, we take an important step to cutting down the greenhouse gas emissions from our trucks and trailers and achieving our ESG commitment of reducing power consumption intensity by 20 percent by 2030,” said Craig Hoskins, president and chief operating officer, Performance Food Group. “Operationally, adding new technologies to our fleet gives us the opportunity to take an extended look at how we run our business and to find added efficiencies, which will allow us to provide better value to our customers.”
Since the introduction of the net zero-emission TRUs in June 2021, PFG estimates the use of more than 6,500 gallons of diesel fuel has been eliminated reducing the Gilroy distribution center’s carbon footprint by 73 tons. The all-electric TRUs have accumulated more than 13,000 hours of run time, driven more than 100,000 miles and completed more than 1,000 routes with more than 12,000 deliveries. PFG plans to continue its carbon footprint reduction efforts by introducing more all-electric TRUs to its fleet over the next two years.
About Performance Food Group Company
Performance Food Group is an industry leader and one of the largest food and foodservice distribution companies in North America with more than 150 locations in the U.S. and parts of Canada. Founded and headquartered in Richmond, Virginia, PFG, and our family of companies, market and deliver quality food and related products to 300,000+ locations including independent and chain restaurants; businesses, schools and healthcare facilities; vending and office coffee service distributors; and big box retailers, theaters and convenience stores. PFG’s success as a Fortune 200 company is achieved through our more than 30,000 dedicated associates committed to building strong relationships with the valued customers, suppliers and communities we serve. To learn more about PFG, visit pfgc.com.
Investors:
Bill Marshall
VP, Investor Relations
(804) 287-8108
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Media:
Scott Golden
Director, Communications & Engagement
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DUBLIN--(BUSINESS WIRE)--The "Synthetic Zeolites - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Amid the COVID-19 crisis, the global market for Synthetic Zeolites estimated at US$4.5 Billion in the year 2020, is projected to reach a revised size of US$5.2 Billion by 2026, growing at a CAGR of 2.7% over the analysis period.
Zeolite A, one of the segments analyzed in the report, is projected to grow at a 2.8% CAGR to reach US$2.2 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Type Y segment is readjusted to a revised 2.6% CAGR for the next 7-year period. This segment currently accounts for a 20.7% share of the global Synthetic Zeolites market.
The most common synthetic zeolite is zeolite A or the laundry detergent. Zeolite A does not have any environmental hazards, and has thus found widespread acceptance as an alternative to phosphate based detergent formulations in the US, Japan, and Western Europe. Zeolite Y type is used mainly for the purpose of catalytic cracking. Zeolite catalysts are the primary type of catalyst being used in crude oil refining. Demand for catalysts used for removing elements such as sulfur, nitrogen, and metals from crude oil are expected to increase due to environmental regulations.
Select Competitors (Total 58 Featured) -
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
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TULSA, Okla.--(BUSINESS WIRE)--Today, Cypress Environmental Partners, L.P., (NYSE: CELP) (“Cypress”) reported that an affiliate of Argonaut Private Equity, which is headquartered in Tulsa, Oklahoma, has acquired 100% of Cypress’s senior secured debt from the seven existing lenders.
As previously reported, Cypress, with the support of its lenders, engaged Piper Sandler & Co. to solicit potential debt and equity investors to submit proposals to recapitalize Cypress in advance of the May 31, 2022 maturity date of Cypress’s credit facility. Cypress and its lenders worked together to ensure business continuity and normal operations for Cypress’s customers and employees. Piper Sandler reported the results of this extensive marketing process to the board of directors of Cypress’s general partner and made a recommendation regarding which proposal was superior. Cypress’s board of directors and the lenders independently agreed with this recommendation. Cypress plans to pursue a court-supervised restructuring with the support of Argonaut, the new senior secured lender.
The New York Stock Exchange (the “NYSE”) continues to monitor trading in Cypress’s common units for compliance with the NYSE’s requirement of a $15 million market capitalization over 30 trading days; the failure to satisfy this requirement would result in immediate suspension and commencement of delisting procedures. It is highly likely that Cypress’s common units would be delisted from the NYSE in the event of a restructuring proceeding. Such a proceeding would also likely lead to Cypress’s common and preferred equity (including accrued and unpaid distributions) having no value, given the amount of Cypress’s senior secured debt, which is currently $58.1 million. Further, Cypress would likely initiate the deregistration process with the Securities and Exchange Commission and, following completion of that process, its common units would no longer be publicly traded, and Cypress’s public disclosure obligations would cease.
CEO PERSPECTIVES
“The Piper Sandler team did a thorough job, approaching approximately one hundred parties. I want to thank our board of directors, who have been heavily engaged in helping us evaluate alternatives to recapitalize Cypress. Argonaut is a highly respected Tulsa, Oklahoma based private equity firm that we have known since inception. In 2020 Cypress had discussions with Argonaut about potentially investing in Cypress. Steve Mitchell, Argonaut’s CEO and Managing Director, is a highly regarded successful investor and has been a friend for over a decade. Argonaut had been interested in the inspection industry for several years and cares deeply about our employees, customers, and community. Our board of directors is pleased that Argonaut is interested in recapitalizing Cypress and growing its business, and that Argonaut is committed to the Tulsa community. Regrettably, our equity holders will lose their investment, including insiders (management, board, and individuals that control the general partner) who own ~ 76% of our equity (common and preferred units) and remain fully aligned with the minority unitholders. The pandemic drove a steep decline in our business that left us with too much debt. Additionally, the Fair Labor Standards Act (“FLSA”) litigation that swept through the inspection industry over the last several years has been expensive and time consuming for our customers, our competitors, and Cypress. Considering this is a people-intensive business, Argonaut has requested that some of Cypress’s current insiders co-invest with them as minority investors,” said Peter C. Boylan III, Chairman, President, and CEO.
“Pete and the leadership team have built a great business that offers excellent paying jobs in Tulsa and in over 40 states, serving blue chip customers. Cypress enjoyed its best year ever in 2019 prior to COVID and the collapse in energy prices. The FLSA litigation impacting the entire inspection industry and its customers is unfortunate but was not unique to Cypress. A combination of these events left them with too much debt and the need for recapitalization. Argonaut has been interested in this industry for several years and we looked at several other acquisition opportunities over the years. As the new senior secured lender, we look forward to expeditiously working with Cypress’s management, board of directors, and advisors on a court-supervised restructuring. We plan to have Cypress emerge with a strong balance sheet that will position them for growth. We remain committed to the Tulsa community and working with the talented management and employees,” said Steve Mitchell.
ABOUT CYPRESS ENVIRONMENTAL PARTNERS, L.P.
Cypress Environmental Partners, L.P. is a master limited partnership that provides essential environmental services to the utility and energy industries, including pipeline & infrastructure inspection, NDE testing, and in-line integrity support services throughout the United States. Cypress also provides environmental services to upstream and midstream energy companies and their vendors in North Dakota, including water treatment, hydrocarbon recovery, and disposal into EPA Class II injection wells to protect our groundwater. Cypress works closely with its customers to help them protect people, property, and the environment, and to assist their compliance with increasingly complex and strict rules and regulations. Cypress is headquartered in Tulsa, Oklahoma.
CAUTIONARY STATEMENTS
This press release may contain or incorporate by reference forward-looking statements as defined under the federal securities laws regarding Cypress Environmental Partners, L.P., including projections, estimates, forecasts, plans and objectives. Although management believes that expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to be correct. In addition, these statements are subject to certain risks, uncertainties and other assumptions that are difficult to predict and may be beyond Cypress's control. If any of these risks or uncertainties materialize, or if underlying assumptions prove incorrect, Cypress's actual results may vary materially from what management forecasted, anticipated, estimated, projected or expected.
The key risk factors that may have a direct bearing on Cypress's results of operations and financial condition are described in detail in the "Risk Factors" section of Cypress's most recently filed annual report and subsequently filed quarterly reports with the Securities and Exchange Commission. Investors are encouraged to closely consider the disclosures and risk factors contained in Cypress's annual and quarterly reports filed from time to time with the Securities and Exchange Commission. The forward-looking statements contained herein speak as of the date of this announcement. Cypress undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Information contained in this press release is unaudited and subject to change.
About Argonaut Private Equity
Founded in 2002, Argonaut Private Equity is a Tulsa-based private equity firm with more than $2 billion of capital deployed in direct investments across the manufacturing and industrials sectors. Argonaut partners with companies to develop a strategy for accelerating growth and enhancing operations. In January, Argonaut held the first close for Argonaut Private Equity Fund V, continuing its history of generating attractive investment returns through a disciplined approach and aligning interests with those of its investors and business partners.
Investors:
Cypress Environmental Partners, L.P. - Jeff Herbers – Vice President & Chief Financial Officer
This email address is being protected from spambots. You need JavaScript enabled to view it. or 918-947-5730
Supports sustainable innovation for London’s only commuter and leisure river boat service
TORONTO & LONDON--(BUSINESS WIRE)--Global private markets investment firm Northleaf Capital Partners (“Northleaf”) has acquired a majority interest in Uber Boat by Thames Clippers, London’s leading river boat service, from AEG, the world’s leading sport and live entertainment company.
Uber Boat by Thames Clippers, London’s fourth mode of transportation, is integrated into the Transport for London (“TfL”) network with a shared ticketing system and a diverse ridership base. It operates a fleet of 21 purpose-built vessels, supported by pier network and dry-dock facilities and has a 20-year track record of organic growth through route and fleet expansion.
Northleaf’s acquisition brings new investment to support Uber Boat by Thames Clippers’ ambitious plans to deliver sustainable growth, enhanced infrastructure and greater economic development on and around the River Thames.
“Adding Uber Boat by Thames Clippers to our infrastructure portfolio provides our investors with additional stable cashflows and sub-sector diversification through a unique transportation business with a long and proven operational track record,” said Roderick Gadsby, Managing Director at Northleaf.
“We look forward to partnering with Uber Boat by Thames Clippers to advance on robust and environmentally sustainable growth plans through fleet renewal and route expansion, furthering its leading market position within London’s public transit system.”
Alex Hill, President & CEO at AEG Europe added, “AEG acquired a majority interest in Uber Boat by Thames Clippers in 2006 and has since supported the growth of the business, during which time the fleet has grown to over 20 vessels and added many new piers and routes. It has been an important part of the AEG family but when approached by Northleaf, we knew they would be the ideal partner for the next stage in Uber Boat by Thames Clippers’ growth strategy.”
The news follows the recent announcement that Uber Boat by Thames Clippers is building the UK’s first hybrid high speed passenger ferries, set to launch in autumn 2022. Leading the way in passenger boat design, the new vessels make strides in improving the sustainability features of the business, as well as propelling innovation in the wider marine sector.
The hybrid design will allow the new vessels to operate solely on battery power while transporting commuters and sightseers along its route on the River Thames. The vessels will recharge outside of central London using biofuelled power.
Sean Collins, Co-Founder and CEO Uber Boat by Thames Clippers added, “For over 20 years Uber Boat by Thames Clippers has been at the forefront of innovation in river transport; our new partnership with Northleaf ensures this continues for the long-term. I am looking forward to working with Northleaf to achieve our vision for the future.”
- ENDS -
About Northleaf Capital Partners
Northleaf Capital Partners is a global private markets investment firm with more than US$19 billion in private equity, private credit and infrastructure commitments under management on behalf of public, corporate and multi-employer pension plans, endowments, foundations, financial institutions and family offices. Northleaf’s team of more than 175 professionals, located in Toronto, Chicago, London, Los Angeles, Melbourne, Menlo Park, Montreal and New York, is focused exclusively on sourcing, evaluating and managing private markets investments globally. Its portfolio includes over 500 active investments in more than 40 countries, with a focus on mid-market companies and assets. For more information on Northleaf, please visit www.northleafcapital.com.
Northleaf’s infrastructure program targets direct, long-term investments in mid-market assets that deliver essential services in select OECD countries. The program’s flexibility allows Northleaf to execute on transactions that are well-diversified by geography, revenue type and sub-sector in core regions of the OECD infrastructure market.
About AEG Europe
Headquartered in London, AEG Europe is a subsidiary of AEG, the world’s leading sports and live entertainment company. In Europe, AEG owns and operates landmark sports and music facilities and entertainment districts across the continent including The O2, indigo at The O2 and Eventim Apollo in London; Barclays Arena in Hamburg; Mercedes-Benz Arena, Verti Music Hall and Mercedes Platz in Berlin; and Accor Arena in Paris. AEG’s promoting division, AEG Presents, is a global leader in concert promotion and venue management, running European music festivals including American Express presents BST Hyde Park and All Points East in London, and Rock en Seine in Paris. Through its Global Partnerships division, AEG Europe delivers to corporate brands the largest sports and live music marketing network in the world.
About Uber Boat by Thames Clippers
Uber Boat by Thames Clippers is London’s River Bus service. Services run at 10–20-minute intervals between key London piers including North Greenwich for The O2, Greenwich, Canary Wharf, Tower, London Bridge City, Westminster, and London Eye (Waterloo), as well as several residential piers, including Battersea Power Station Pier.
Passengers are able to use contactless payment, Oyster to pay as you go and pre-book via the Uber app as well as the existing Thames Clippers Tickets app to travel with Uber Boat by Thames Clippers, making river travel even easier.
Uber Boat by Thames Clippers operates a modern and fuel-efficient fleet of high-speed catamarans. The business continues to break new ground in exploring sustainability options and is investing in trials and the development of technology, including seeking and winning Department for Transport funding to drive for a greener marine future, particularly focused on the development of hybrid and hydrogen-powered vessels.
A ticketing partnership with Uber launched in 2020 and encourages more people to enjoy travel by boat around the city, helping to link travel by river and road, all through the Uber app.
For more information visit the website www.uberboatbythamesclippers.com or follow @ThamesClippers on Twitter, Instagram, or Facebook.
Media enquiries:
Nadine Cannata, Northleaf Capital Partners +1.416.477.6623, This email address is being protected from spambots. You need JavaScript enabled to view it.
or Stephanie Moses, AEG Europe, +44 7912 930139, This email address is being protected from spambots. You need JavaScript enabled to view it.
HOUSTON--(BUSINESS WIRE)--Tidewater Inc. (NYSE: TDW) (the “Company”) today announced the completion of its acquisition of Swire Pacific Offshore Holdings Limited (“SPO”), a subsidiary of Swire Pacific Limited (HKSE: 0019.HK and 0087.HK), effective April 22, 2022. The completion of the SPO acquisition adds 50 vessels to the fleet and creates the world’s leading OSV operator.
Quintin Kneen, Tidewater’s President and Chief Executive Officer, commented, “We are pleased to announce the closing of this acquisition and we are excited to welcome our new employees and customers to Tidewater. This acquisition marks the completion of another important milestone in the strengthening of Tidewater’s leadership position in the OSV industry as we capitalize on the recovery of the offshore vessel market.”
About Tidewater
Tidewater owns and operates one of the largest fleets of offshore support vessels in the industry, with more than 65 years of experience supporting offshore energy exploration, production, generation and offshore wind activities worldwide.
Forward-Looking Statements
In accordance with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, Tidewater notes that certain statements set forth in this press release contain certain forward-looking statements which reflect our current view with respect to future events and future financial performance. Forward-looking statements are all statements other than statements of historical fact. All such forward-looking statements are subject to risks and uncertainties, many of which are beyond the control of the Company, and our future results of operations could differ materially from our historical results or current expectations reflected by such forward-looking statements. Investors should carefully consider the risk factors described in detail in the Company’s most recent Form 10-K, most recent Form 10-Q, and in similar sections of other filings made by the Company with the SEC from time to time. The Company’s filings can be obtained free of charge on the SEC’s website at www.sec.gov. Except to the extent required by law, the Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained in this press release to reflect any change in the Company’s expectations or any change in events, conditions or circumstances on which any statement is based. Forward-looking statements and written and oral forward-looking statements attributable to the Company or its representatives after the date of this release are qualified in their entirety by the cautionary statements contained in this paragraph and in other reports filed by the Company with the SEC.
Tidewater Inc.
West Gotcher
Vice President,
Finance and Investor Relations
+1.713.470.5285
Ørsted and PSEG Award Contracts to JINGOLI Power and Burns & McDonnell to Construct Onshore Transmission System for 1,100-Megawatt Offshore Wind Farm Powering New Jersey
ATLANTIC CITY, N.J.--(BUSINESS WIRE)--Marking major milestones in the development of New Jersey’s first offshore wind project, Ocean Wind 1 announced the award of its first three major construction contracts. At 1,100 MW Ocean Wind 1, a joint venture between Ørsted and PSEG, will provide clean energy to 500,000 homes in New Jersey, deliver thousands of jobs and ramp up supply chain initiatives, like the EEW monopile manufacturing facility at the Port of Paulsboro, all while helping the state meet its clean energy goals.
Engineering, procurement, and construction contracts have been awarded to two firms, JINGOLI Power, LLC and Burns & McDonnell Engineering Company, Inc. The contracts include the installation of two high voltage substations and nearly nine miles of underground cable that will connect the offshore wind farm to the onshore electric grid at two landfall points. Project engineering began during the first quarter of 2022, with construction estimated to start in September 2023. Together, these contracts will support the creation of approximately 275 family-sustaining jobs in New Jersey, including more than 200 high-paying union construction jobs.
“The awarding of these construction contracts marks significant milestones in moving the state’s first offshore wind project forward,” said Grant van Wyngaarden, Head of Procurement, Ørsted North America. “We are focused on doing all we can to meet the state’s timeline for delivering the Ocean Wind 1 project, hiring locally, creating job opportunities, and encouraging supply chain growth to help the offshore wind industry mature in New Jersey.”
“Offshore wind is critical to helping New Jersey achieve its clean energy ambitions and these agreements mark a significant step in the process,” said Lathrop Craig, PSEG vice president of Wind Development. “In addition to ensuring the project remains on track, it’s essential we ensure that a breadth of diverse, qualified and talented workers have access to the many opportunities that this new industry affords.”
JINGOLI Power will install an underground electric export cable from landfall to B.L. England, the site of the onshore electric substation in Upper Township, and engineer, procure and install a duct bank/manhole system that will house the export cables. The company is committed to providing job training and apprenticeships to local residents and area teens interested in STEM careers through its Competitive Edge program, which ensures project investment dollars remain in the community, building stronger local economies and workforces.
“Ocean Wind 1 proves that we don’t have to choose between creating good jobs and fighting climate change. We can do both,” said Joseph R. Jingoli, Jr., CEO of JINGOLI and cofounder of JINGOLI Power. “We’re extremely honored to have been selected by Ørsted and PSEG for this project, and we’re ready to get to work building this critical component of New Jersey’s clean energy economy.”
Burns & McDonnell Engineering Company, Inc., will install a substation in Upper Township that includes an interconnection to a nearby Atlantic City Electric substation. The company will also install a substation at Oyster Creek, with an interconnection to a nearby First Energy substation, and install an underground export cable from the landfall to the onshore electric substation.
“Burns & McDonnell is honored to be selected by Ørsted and PSEG to deliver this critical project that will further drive the sustainable energy transition in the U.S.,” said Ray Kowalik, Chairman and CEO of Burns & McDonnell. “With our firm’s experience in the continually expanding offshore wind market and our rapidly growing teams in New Jersey and the Northeast, we are well positioned to execute on this project that will create high-paying local union jobs and provide efficient, sustainable energy to New Jersey for years to come.”
Ocean Wind 1 hosted supply chain networking events leading up to the contract award, inviting New Jersey businesses to meet with qualified project bidders to pitch their capabilities for sub-contracting consideration. Both Burns & McDonnell and JINGOLI Power are committed to hiring numerous, New Jersey-based businesses that utilize union workforces and will also subcontract work to qualified diverse businesses.
The JINGOLI Competitive Edge program also identifies and recruits minority- and women-owned businesses, offering incentives to subcontractors to hire diverse, local employees and prioritize purchasing from community-based suppliers.
“Ocean Wind 1 will be built under industry-leading project labor agreements and specific partnerships with local union organizations to ensure local union labor participation in all phases of construction,” said Dan Cosner, President of South Jersey Building Trades Council and Business Manager, IBEW Local 351. “Onshore activities for the project’s underground duct bank system, transmission, and substation facility are the first to begin and will source construction labor from local, New Jersey union hiring halls.”
About Ocean Wind 1
Ocean Wind is a 1,110 MW offshore wind project by Ørsted and PSEG that will provide enough clean energy to power 500,000 New Jersey homes. To learn more, visit oceanwind.com.
The Ørsted vision is a world that runs entirely on green energy. In the United States, Ørsted operates the Block Island Wind Farm, America’s first offshore wind farm, and constructed the two-turbine Coastal Virginia Offshore Wind pilot project – the first turbines to be installed in federal waters. Ørsted has secured over 2,900 megawatts of additional capacity through five projects in the Northeast and Mid-Atlantic. To learn more visit us.orsted.com or follow us on Facebook, Instagram and Twitter (@OrstedUS).
Public Service Enterprise Group (PSEG) (NYSE: PEG) is a predominantly regulated infrastructure company focused on a clean energy future. Guided by its Powering Progress vision, PSEG aims to power a future where people use less energy, and it’s cleaner, safer and delivered more reliably than ever. PSEG’s commitment to ESG and sustainability is demonstrated in our net-zero 2030 climate vision, our pursuit of science-based emissions reductions targets and participation in the U.N. Race to Zero, as well as our inclusion on the Dow Jones Sustainability North America Index, the Bloomberg Gender-Equality Index and the list of America’s most JUST Companies. PSEG's businesses include Public Service Electric and Gas Co. (PSE&G), PSEG Power and PSEG Long Island. (https://corporate.pseg.com).
About JINGOLI Power
JINGOLI Power is a nationally leading service provider for complex power generation and power delivery construction projects. The Lawrenceville, N.J.-based company offers a full range of EPC, Design-Build, and Design-Build-Own-Operate services, from development and engineering to construction and project management. For more information about Jingoli Power, visit www.jingolipower.com.
About Burns & McDonnell
Burns & McDonnell is a family of companies bringing together an unmatched team of 10,000 engineers, construction professionals, architects, planners, technologists and scientists to design and build our critical infrastructure. With an integrated construction and design mindset, we offer full-service capabilities with more than 60 offices globally. Founded in 1898, Burns & McDonnell is 100% employee-owned. Learn how we are designed to build.
Media:
Liz Thomas
This email address is being protected from spambots. You need JavaScript enabled to view it.
Cell: 609-923-9946
ABERDEEN, Scotland--(BUSINESS WIRE)--KNOT Offshore Partners LP (NYSE:KNOP) (“the Partnership”) plans to release its financial results for the First Quarter of 2022 before opening of the market on Thursday, May 12, 2022.
The Partnership also plans to host a conference call on Thursday, May 12, 2022 at 11:00 AM (Eastern Time) to discuss the results for the First Quarter of 2022. All unitholders and interested parties are invited to listen to the live conference call by choosing from the following options:
Our First Quarter 2022 Earnings Presentation will also be available at www.knotoffshorepartners.com prior to the conference call start time.
The conference call will be recorded and remain available until May 19, 2022. This recording can be accessed following the live call by dialing 1-866-813-9403 from the US, dialing 1-226-828-7578 from Canada, or 44-204-525-0658 if outside North America, and entering the replay access code 353689.
About KNOT Offshore Partners LP
KNOT Offshore Partners LP owns, operates and acquires shuttle tankers primarily under long-term charters in the offshore oil production regions of the North Sea and Brazil. KNOT Offshore Partners LP is structured as a publicly traded master limited partnership but is classified as a corporation for U.S. federal income tax purposes, and thus issues a Form 1099 to its unitholders, rather than a Form K-1. KNOT Offshore Partners LP’s common units trade on the New York Stock Exchange under the symbol “KNOP”.
KNOT Offshore Partners LP
Gary Chapman
Chief Executive Officer and Chief Financial Officer
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Tel: +44 1224 618 420
DULUTH, Minn.--(BUSINESS WIRE)--ALLETE Inc. (NYSE:ALE) has been recognized as a company of Special Distinction in a women’s corporate leadership census of Minnesota’s largest public companies. It is the third consecutive year ALLETE has received the honor.
The 2021 Minnesota Census of Women in Corporate Leadership, produced by St. Catherine University’s School of Business, named ALLETE as an Honor Roll company with Special Distinction in the annual research study that examines the representation of women on boards of directors and as executive officers. ALLETE also earned Special Distinction status in 2020 and 2019.
ALLETE is among only 13 of Minnesota’s 79 largest publicly held companies with women representing at least 30% of corporate directors and 30% of executive officers in 2021, according to the report. Seven of the 11 directors serving on the ALLETE board are women and three of the six ALLETE executive officers are women.
Bethany Owen, ALLETE chair, president and CEO, said the company is honored by the recognition and also acknowledged ALLETE’s ongoing commitment to advancing diversity, equity and inclusion.
“ALLETE is a longtime champion of women in leadership and of diversity in all forms, be it gender identity, race, ethnicity, sexual orientation or experiences,” Owen said. “Our view of sustainability in action includes nurturing a more diverse workforce that helps build stronger and more equitable communities and ultimately contributes to our success.”
Owen noted that women have served in senior leadership positions and on ALLETE’s board of directors for decades. Women also serve in key executive roles within ALLETE’s family of companies.
“Embracing diverse perspectives within the boardroom and across the company is part of ALLETE’s values and culture,” Owen said, “and I’m proud of the company’s strong track record of diversity and inclusion. We have more work to do on these important fronts, but we are committed and know we are stronger when we include diverse perspectives in decision-making processes at all levels.”
ALLETE and other Honor Roll companies were recognized April 19 at an event at the Marriott City Center in Minneapolis hosted by Twin Cities Business. Amy DeCaigny, supervisor purchasing, accepted the award on behalf of ALLETE.
In addition to the recognition in the St. Catherine University census, Moody’s Investors Service has identified ALLETE as having the most gender diverse board among 45 utility companies it examined for a report on board gender diversity at publicly traded North American utilities.
ALLETE, Inc. is an energy company headquartered in Duluth, Minnesota. In addition to its electric utilities, Minnesota Power and Superior Water, Light and Power of Wisconsin, ALLETE owns ALLETE Clean Energy, based in Duluth; New Energy Equity, headquartered in Annapolis, Maryland; BNI Energy in Bismarck, North Dakota; and has an 8% equity interest in the American Transmission Co. More information about ALLETE is available at www.allete.com. ALE-CORP
The statements contained in this release and statements that ALLETE may make orally in connection with this release that are not historical facts, are forward-looking statements. These forward-looking statements involve risks and uncertainties and investors are directed to the risks discussed in documents filed by ALLETE with the Securities and Exchange Commission.
Amy Rutledge
Manager, Corporate Communications
Minnesota Power/ALLETE
218-723-7400
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Lynch brings a decade of senior environmental consulting and powerful client management to the award-winning Momentum team
SACRAMENTO, Calif.--(BUSINESS WIRE)--Momentum – one of the nation’s most successful innovation consultancies that has assisted hundreds of clients in the deployment of more than $6 billion in energy and transportation technologies – is pleased to announce that Danielle Lynch has joined the #BuildMomentum team as a Client Manager. Lynch will manage client accounts, project deadlines, and deliverables across the Momentum team. She will provide strategic guidance to her clients as they navigate the public and private funding landscape.
Lynch is known throughout California’s State Capitol as a highly experienced and effective environmental consultant. She brings a decade of client management, project management, state government advocacy, and strategic planning experience to Momentum. At Environmental and Energy Consulting, she worked with clients to understand and address barriers to achieve their policy and funding goals. In collaboration with California policy-makers, state agencies, lobbyists, and stakeholders, she led efforts to develop, advocate for, and implement policy and budget bills to support her clients’ sustainability initiatives. Prior to that, she worked with some of California’s premier climate and social-justice organizations including West Valley Community Services, City of San Jose, Boys & Girls Club, and the American Red Cross.
Lynch excels at finding the right solutions for the right clients. “What really attracted me to Momentum is having the opportunity to sit down with a client, dissect what it is that they're trying to accomplish, and design a comprehensive and unique strategy to help them reach and maximize the opportunity that's in front of them,” Lynch said.
“Danielle brings a level of relationship building, professionalism, and strategic leadership that significantly expands Momentum’s ability to deliver success for our clients,” Momentum Vice President This email address is being protected from spambots. You need JavaScript enabled to view it. said. “We are excited for her to help transform and evolve our clients’ approach to innovation campaigns as they seek to demonstrate and deploy clean- and zero-emission technology.”
Founded in 2005, Momentum has rapidly grown to be one of the most sought-after technology demonstration and commercialization partners in the United States. The company has designed and developed more than $6 billion in innovation campaigns in partnership with over 500 clients, from Fortune 500 companies like Amazon, Volvo, and Schneider Electric to demonstration partners at Port of Long Beach, Ontario Airport, Port of Stockton, and the University of California. Along the way, the company has assisted hundreds of startups in developing early-stage funding and attracting and developing strategic customers. The fast-growing, employee-owned company was recently acknowledged by Sacramento Business Journal as one of the best places to work in Sacramento.
Krysta Scripter
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DUBLIN--(BUSINESS WIRE)--The "Oil and Gas TechVision Opportunity Engine" newsletter has been added to ResearchAndMarkets.com's offering.
This TOE provides intelligence on innovations pertaining to technologies, products and processes, along with strategic insights, in the upstream, midstream and downstream processes in the oil and gas industry.
The scope encompasses hydrocarbon-based gas and oil exploration and production (E&P) technologies, materials and equipment used in E&P, and mainstream technologies such as storing and processing of natural gas.
Some upstream technologies covered are 3-D and 4-D seismic imaging, including seismic data acquisition, geophysical processing and characterization, and borehole seismic, drilling and completion technologies, well simulation and product optimization, well intervention, deepwater technologies for offshore oil and gas deposits.
Midstream technologies such as natural gas processing are covered in this TOE including natural gas sweetening, natural gas dehydration, NGL recovery, desulphurization.
Some downstream technologies profiled are crude oil refining, gas & LPG treatment, diesel & jet, vacuum gas oil conversion, and residue upgrading, Petrochemical integration is also profiled in our research, including aromatics, para-xylene and benzene, aromatics recovery, and olefins.
This monthly TOE highlights innovation features, value propositions, industry impact of 12 monthly innovations along a particular theme, and includes strategic insights on the technology from a global perspective. Strategic insights include insights on IP, competitive landscape, key research focus areas, key success factors for technology adoption, and noteworthy funding details.
For more information about this newsletter visit https://www.researchandmarkets.com/r/zewort
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
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MINNEAPOLIS--(BUSINESS WIRE)--Northern Oil and Gas, Inc. (NYSE: NOG) (“NOG” or the “Company”) announced today that it plans to issue its earnings release with respect to first quarter 2022 financial and operating results on Thursday, May 5, 2022, after the market closes. Additionally, the Company will host a conference call on Friday, May 6, 2022, at 10:00 a.m. Central Time.
Those wishing to listen to the conference call may do so via phone or the Company’s webcast.
Conference Call and Webcast Details: |
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Date: |
May 6, 2022 |
Time: |
10:00 a.m. Central Time |
Dial-In: |
(866) 373-3407 |
International Dial-In: |
(412) 902-1037 |
Conference ID: |
13729487 |
Webcast: |
First Quarter 2022 Earnings Call (themediaframe.com)
|
Replay Information: |
|
A replay of the conference call will be available through May 13, 2022, by dialing: |
|
Dial-In: |
(877) 660-6853 |
International Dial-In: |
(201) 612-7415 |
Conference ID: |
13729487 |
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ABOUT NORTHERN OIL AND GAS
NOG is a company with a primary strategy of investing in non-operated minority working and mineral interests in oil & gas properties, with a core area of focus in the premier basins within the United States.
More information about NOG can be found at www.NorthernOil.com.
Mike Kelly, CFA
Chief Strategy Officer
(952) 476-9800
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The world’s largest infrastructure secondaries fund to-date demonstrates the strength of Ardian’s platform and the growth of infrastructure secondaries as an asset class
PARIS--(BUSINESS WIRE)--#InfrastructureSecondaries--Ardian, a world-leading private investment house, today announces it has raised $5.25bn for its latest infrastructure secondaries fund – Ardian Secondary Fund VIII Infrastructure (ASF VIII Infrastructure). The fund, which was significantly oversubscribed and reached its hard cap within nine months, is the largest infrastructure secondaries platform in the world. It represents a more than 3x increase from the previous generation raised in 2017.
The successful fundraise is the latest of a number of innovations developed by Ardian’s secondary platform in its 23-year history. The team, led by Mark Benedetti, Vladimir Colas, Marie-Victoire Rozé and Jan Philipp Schmitz, now comprises over 110 investment professionals who continuously engage with General Partners, sellers, and clients to develop innovative solutions to investors‘ liquidity needs. Ardian’s secondary AUM has increased by $8 billion to $63 billion in the last 12 months.
The ASF VIII Infrastructure platform attracted over 145 investors from 28 countries across the Americas, Europe, Asia, and the Middle East, comprising major pension funds, insurance companies, HNWIs and financial institutions.
The fundraise demonstrates strong investor appetite in a secondary market that is poised to grow significantly in the coming years on the back of increasing investor demand for private market investments. Secondary buyers provide an important source of liquidity for investors around the world whose allocations to private markets are becoming more significant in their portfolios. Ardian continues to lead the market in infrastructure secondaries having recently completed the two largest infrastructure secondary transactions in the world.
Continuing its successful investment strategy, ASF VIII Infrastructure will focus on high quality infrastructure funds and assets, managed by blue chip general partners in North America and Europe. The fund is targeting a diverse range of underlying assets, from renewable energy and telecoms to transport and utilities. Sustainability is embedded at every step of Ardian’s investment and portfolio monitoring approach.
The fund is already 30% committed in two infrastructure secondary transactions, including one of the largest secondary infrastructure transactions ever completed, a diversified portfolio of over 30 infrastructure funds and co-investments purchased from a financial institution.
Ardian Secondaries
Ardian Secondaries is the world’s largest Fund of Funds platform. The successful fundraise follows a record year for Ardian’s Secondaries team in 2021, closing 27 transactions which represent $17 billion in deal volume. The average deal size for the top 10 transactions was $1 billion.
Over the past 12 months, Ardian’s Secondaries business increased its AUM by $8 billion to $63 billion. The team’s headcount also grew by 22% in 2021, now comprising more than 110 investment professionals.
ABOUT ARDIAN
Ardian is a world-leading private investment house with assets of US$125 billion managed or advised in Europe, the Americas and Asia. The company is majority-owned by its employees. It keeps entrepreneurship at its heart and focuses on delivering excellent investment performance to its global investor base. Through its commitment to shared outcomes for all stakeholders, Ardian’s activities fuel individual, corporate and economic growth around the world. Holding close its core values of excellence, loyalty and entrepreneurship, Ardian maintains a truly global network, with more than 800 employees working from fifteen offices across Europe (Frankfurt, Jersey, London, Luxembourg, Madrid, Milan, Paris and Zurich), the Americas (New York, San Francisco and Santiago) and Asia (Beijing, Singapore, Tokyo and Seoul). It manages funds on behalf of more than 1,200 clients through five pillars of investment expertise: Secondaries, Direct Funds, Infrastructure, Real Estate and Private Debt. www.ardian.com
ARDIAN MEDIA CONTACT
Emma Murphy
The Neibart Group
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mobile 347-968-6800
HOUSTON--(BUSINESS WIRE)--Ranger Energy Services, Inc. (NYSE:RNGR) (the “Company”) will report first quarter 2022 financial and operating results after the market closes for trading on April 28, 2022. Following the announcement, the Company’s management will host a first quarter 2022 earnings conference call in the morning of April 29, 2022 at 9:30 a.m. Eastern time (8:30 a.m. Central time).
Interested parties are invited to participate on the call by dialing 1-833-255-2829, or 1-412-902-6710 for international calls, (request to join the Ranger Energy Services call) or via the Company’s website at www.rangerenergy.com. A replay of the conference call will be available following the call and can be accessed from www.rangerenergy.com.
About Ranger Energy Services, Inc.
Ranger is one of the largest providers of high specification mobile rig well services, cased hole wireline services, and ancillary services in the U.S. oil and gas industry. Our services facilitate operations throughout the lifecycle of a well, including the completion, production, maintenance, intervention, workover and abandonment phases.
For further information, please direct all inquiries to:
Ranger Energy Services, Inc.
J. Brandon Blossman, (713) 935-8900
Chief Financial Officer
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AMES, Iowa--(BUSINESS WIRE)--Manchester United is achieving cleaner operations after deploying EnDura Fuels™ from Renewable Energy Group, Inc. (REG)(NASDAQ: REGI) into their groundskeeping equipment. After more than 100 years of utilizing petroleum diesel in their equipment, Manchester United is taking their next step to help create a cleaner world.
Renewable Energy Group and Manchester United announced their global partnership in the summer of 2021 after Manchester United sought out a partner that would help them with their sustainability goals. Earlier this year, Renewable Energy Group began providing the Club with UltraClean BlenD™, its proprietary blend of biodiesel and renewable diesel, which the Club initially utilized in their groundskeeping equipment on their training grounds, and since have expanded to the facilities and equipment at historic Old Trafford stadium.
“As we celebrate world Earth Day, it’s absolutely remarkable to see one of the biggest sports teams in the world taking this step to create a cleaner world,” said Bob Kenyon, Senior Vice President of Sales and Marketing at REG. “REG is proud to be Manchester United’s clean fuels transition partner of choice, and our proprietary line of EnDura Fuels™ provides a solution that allows them to improve their operations TODAY, without requiring significant infrastructure investments.”
The trial of UltraClean BlenD™ has yielded great results, and the organizations hope to reach a commercial agreement for fuel purchasing in the coming months. In addition, Manchester United wants to explore incorporating renewable fuels into additional Club operations, including generators.
“We want to use the power of football to really have a positive impact on our people, on the environment in which we operate, and also on the wider society,” said Collette Roche, Chief Operating Officer of Manchester United. “We constantly want to get better in every area, and push the boundaries further, and we look to our partners to help us do that.”
About Renewable Energy Group
Renewable Energy Group is leading the energy and transportation industries’ transition to sustainability by converting renewable resources into high-quality, sustainable fuels. Renewable Energy Group is an international producer of sustainable fuels that significantly lower greenhouse gas emissions to immediately reduce carbon impact. Renewable Energy Group utilizes a global integrated procurement, distribution and logistics network to operate 11 biorefineries in the U.S. and Europe. In 2021, Renewable Energy Group produced 480 million gallons delivering 4.1 million metric tons of carbon reduction. Renewable Energy Group is meeting the growing global demand for lower-carbon fuels and leading the way to a more sustainable future.
Note Regarding Forward Looking Statements
This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, including statements regarding REG’s strategic growth plans, acceptance of the Endura Fuels™ family of products, success of the Manchester United partnership, and the organizations plans to reach a commercial agreement for fuel purchasing in the coming months. These forward-looking statements are based on current expectations, estimates, assumptions and projections that are subject to change, and actual results may differ materially from the forward-looking statements. Factors that could cause actual results to differ materially include the risks and uncertainties described in REG’s annual report on Form 10-K for the year ended December 31, 2021 and subsequently filed Form 10-Q and other periodic filings with the Securities and Exchange Commission. All forward-looking statements are made as of the date of this press release and REG does not undertake to update any forward-looking statements based on new developments or changes in our expectations.
Katie Stanley
Renewable Energy Group
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(515) 979-3771
SWORDS, Ireland--(BUSINESS WIRE)--Global climate innovator Trane Technologies (NYSE: TT), through its strategic brand Trane®, and luxury retailer Neiman Marcus Group are collaborating to decarbonize the luxury retailer’s footprint through renewable energy, electrification, energy efficiency, and refrigerant management. Leveraging recommendations from Trane’s customized energy decarbonization roadmap, Neiman Marcus Group is implementing significant change through major climate commitments and upgrades at stores across the country – efforts outlined in the company’s inaugural Environmental, Social, Governance (ESG) report, “Our Journey to Revolutionize Impact.”
Neiman Marcus Group has worked with Trane for years to help create energy-efficient, healthy, and comfortable spaces across its stores. Now, the companies are expanding their collaboration to achieve emissions reductions in line with Neiman Marcus Group’s sustainability goals, beginning with a quantitative portfolio-wide analysis to strategically identify the facilities and initiatives that will deliver the most impactful outcomes for Neiman Marcus Group, shoppers, and shareholders.
With a shared vision for creating a more sustainable and equitable future, the companies have each set ambitious, science-based targets focused on carbon emissions reductions against a 2019 baseline. The Neiman Marcus Group has committed to a 50% reduction in Scope 1 (direct) and 2 (indirect) emissions across their real estate portfolio by 2025, in addition to pledging 100% renewable energy use by 2030. Trane Technologies has a longstanding history as an industry leader for sustainability, and has made bold 2030 Sustainability Commitments that include its Gigaton Challenge which aims to eliminate one gigaton – one billion metric tons – of customers’ carbon emissions by 2030.
The companies recently marked a major milestone in Neiman Marcus Group’s decarbonization plans with an innovative installation at the retailer’s flagship Bergdorf Goodman Women’s Store in New York City. The 94-year-old historic landmark received an environmentally-friendly makeover, replacing its outdated HVAC equipment with two highly efficient chillers from Trane – using next-generation, low global warming potential refrigerant and enabling the site’s elimination of natural gas use effective Earth Day, April 22, 2022. The move will contribute to New York City’s goal of reaching net-zero greenhouse gas emissions by 2050 while keeping shoppers cool and comfortable.
“A critical part of Neiman Marcus Group’s journey to revolutionize impact is developing meaningful ESG goals, specifically around climate change. Our partnership with Trane represents the significant investment we are making across the organization to achieve these goals and decarbonize our operations,” said Chris Demuth, SVP of People Services, ESG, & Belonging, Neiman Marcus Group. “This electrification project has enabled us to improve the energy efficiency of this landmark building and transition it to renewable energy so that we can do our part to move New York City and the fashion industry toward a net-zero future by 2050.”
“Helping businesses achieve their sustainability and operational goals is what we do best,” said Donny Simmons, president, Commercial HVAC Americas, Trane Technologies. “We’re proud to play an important role in Neiman Marcus Group’s journey to reduce greenhouse gas emissions and transition to 100% renewable energy by 2030. This is decarbonization in action, and we applaud Neiman Marcus and Bergdorf Goodman for taking bold steps to ensure a more sustainable world.”
Through its comprehensive decarbonization program, Trane is also completing decarbonization assessments at select Neiman Marcus stores, as well as energy-efficient improvements and upgrades to building automation systems, rooftop units, LED lighting, energy-conserving fixtures, and indoor air quality technology at Neiman Marcus stores in Dallas; Austin; San Francisco; Troy, Michigan; Pinnacle Point, Texas; Sunrise, Florida, and more.
About Trane Technologies
Trane Technologies is a global climate innovator. Through our strategic brands, Trane® and Thermo King®, and our portfolio of environmentally responsible products and services, we bring efficient and sustainable climate solutions to buildings, homes, and transportation. We have also set bold 2030 Sustainability Commitments for ourselves and our customers. Through our Gigaton Challenge, we have committed to reducing our customers’ carbon emissions by one gigaton – or, one billion metric tons – by the year 2030. For more on Trane Technologies, visit tranetechnologies.com.
About Trane
Trane – by Trane Technologies (NYSE: TT), a global climate innovator – creates comfortable, ,energy-efficient indoor environments for commercial and residential applications. For more information, please visit www.trane.com.
About The Neiman Marcus Group LLC
Neiman Marcus Group is a relationship business that leads with love in everything we do for our customers, associates, brand partners, and communities. Our legacy of innovating and our culture of Belonging guide our roadmap for Revolutionizing Luxury Experiences. As one of the largest multi-brand luxury retailers in the U.S., with the world's most desirable brand partners, we're delivering exceptional products and intelligent services, enabled by our investments in data and technology. Through the expertise of our 9,000+ associates, we deliver and scale a personalized luxury experience across our three channels of in-store, eCommerce, and remote selling. Our NMG|Way culture, powered by our people, combines individual talents into a collective strength to make life extraordinary. Our brands include Neiman Marcus, Bergdorf Goodman, Neiman Marcus Last Call, and Horchow. For more information, visit http://www.neimanmarcusgroup.com/.
About Bergdorf Goodman
A New York landmark since 1901, Bergdorf Goodman represents the global pinnacle of style, service, and modern luxury. With its rich history of showcasing leading and emerging designers, the iconic store at 5th Avenue and 58th Street—the crossroads of fashion—is a singular destination for discerning customers around the world. BG.com expands on Bergdorf Goodman’s heritage, showcasing coveted collections for men and women in an unparalleled online shopping experience. Bergdorf Goodman is part of Neiman Marcus Group.
Media Contacts:
Jennifer Regina
+1-704-712-5721
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John Walls, Neiman Marcus Group
+1-512-221-8434
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Investors Contact:
Zachary Nagle
+1-704-990-3913
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AUSTIN, Texas--(BUSINESS WIRE)--#CarbonNeutral--Energy efficiency industry leader, CLEAResult, announced a new goal to reach net zero by 2025. The consulting company will transition to carbon neutral on scope 1 and 2 emissions by next year as its first major milestone in a three-year plan that aims to show businesses how to achieve climate and sustainability goals of their own.
As part of the announcement, CLEAResult released its 2021 Corporate Sustainability Report detailing its environmental, social and governance (ESG) ambitions. “Getting to net zero as fast as possible is not just a commitment to our investors, employees and communities,” said President and CEO Rich McBee, “it’s a strong reflection of our core values.”
CLEAResult works with utilities and other organizations across North America to provide people and businesses with best-in-class energy efficiency, energy transition and decarbonization solutions. In 2021 alone, their team averted 22.8 million metric tons of CO2 through program work on behalf of clients. That impact is further represented by the over $9 billion in total savings on customers’ energy bills, including more than $300 million saved in specific programs for low-to-moderate income households.
Calculating CLEAResult’s carbon footprint was the team’s first step towards building a plan for decarbonization. “We followed the GHG Protocol Corporate Accounting and Reporting Standard for measuring our greenhouse gas emissions,” Keri Macklin, Vice President of CLEAResult’s Strategic Energy Management and Carbon Consulting Practices, explained. “Scope 3, also known as indirect emissions, is by far our largest GHG emissions contributor that we need to reduce to reach net zero.”
The team will routinely refine and improve its approach to measuring their carbon footprint to keep sustainability goals on track. This will include projects such as fleet electrification, reducing business travel, evaluating all goods and services purchased with climate in mind, as well as ensuring that employees have the resources they need to feel confident participating in the reduction process.
“We will continue to intentionally grow our teams to reflect the communities we serve because we believe improving diversity, equity and inclusion is critical to remaining innovative and will only speed up our reduction focus,” McBee reinforced.
Read CLEAResult’s full 2021 Corporate Sustainability Report at clearesult.com/about/#sustainability.
About CLEAResult
CLEAResult is the largest provider of energy efficiency, energy transition and decarbonization solutions in North America. Since 2003, our mission has been to change the way people use energy. Today, our experts lead the transition to a sustainable, equitable, and carbon-neutral future for our communities and our planet. Our hometown teams collaborate with a diverse network of local partners to deliver world-class technology and personalized services that make it easy for commercial and industrial businesses, governments, utilities and residential customers to reduce their energy use and carbon footprint. CLEAResult is headquartered in Austin, Texas, and has over 2,400 employees in more than 60 cities across the U.S. and Canada. CLEAResult is a portfolio company of TPG’s global impact group, The Rise Fund.
Explore all our energy solutions at clearesult.com.
Follow us on: Facebook | LinkedIn | Twitter | Instagram
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Amber Tester
Director Corporate Communications
EAST AURORA, N.Y.--(BUSINESS WIRE)--#MROAM--Moog Inc. (NYSE: MOG.A and MOG.B) will introduce its new Engine Component support solutions at the upcoming MRO Americas 2022 Conference in Dallas, TX, following the recent acquisition of Dublin, Ireland based TEAM Accessories Limited (“TEAM”). Moog and TEAM representatives will be at booth #6603 in the Kay Bailey Hutchison Convention Center April 26-28, 2022.
TEAM is a leading aerospace and industrial engineering business specializing in the Maintenance, Repair, and Overhaul (MRO) of engine and airframe components. The company’s core business focuses on critical and high-value jet engine accessories used by global commercial airline and cargo carriers. It also provides services to the industrial gas turbine sector.
The business will play an integral role in the Moog Total Support program, which includes Maintenance, Repair, and Overhaul offerings for the Commercial Aftermarket. The program provides a comprehensive range of services and solutions for Moog and other OEM products, including inventory, reliability, maintenance support, and predictive maintenance solutions. With the addition of TEAM’s capabilities, Moog expands its service offerings to provide engine accessory aftermarket solutions for airlines and other MRO customers.
Mark Brooks, Moog Commercial Aftermarket Group Vice President, said: “The acquisition of TEAM Accessories is a key strategic step in the expansion of our Moog Total Support service offering to provide integrated engine component support solutions. We look forward to exhibiting our expanded services and solutions together with TEAM representatives during the MRO Americas 2022 show.”
Aviation Week’s MRO Americas is the largest aviation maintenance, repair, and overhaul event in the world with over 800 MRO solutions providers on the exhibition floor. The show focuses on critical industry issues and provides an extensive conference program with forecasts, analysis, industry outlooks, future prospects, and new products and technologies. For more information about Moog and TEAM Accessories at MRO Americas 2022, please visit: www.moog.com/mroamericas2022.
About Moog
Moog Inc. is a worldwide designer, manufacturer, and integrator of precision control components and systems. Moog’s high-performance systems control military and commercial aircraft, satellites and space vehicles, launch vehicles, missiles, automated industrial machinery, marine and medical equipment. Additional information about the company can be found at www.moog.com and www.moog.com/careers.
For more information on Moog’s commercial aftermarket services visit www.moogtotalsupport.com.
Ann Marie Luhr
716-687-4225
Offshore Source keeps you updated with relevant information concerning the Offshore Energy Sector.
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