Utilizes GumboNet to Ensure Transactional Certainty Across IDWS Category; Rolls Out Technology Starting with the Norwegian Continental Shelf
STAVANGER, Norway & HOUSTON--(BUSINESS WIRE)--Data Gumbo, the industrial smart contract network company, today announced that it has signed a contract with Equinor (OSE: EQNR, NYSE: EQNR). GumboNet™ enables transactional certainty with Equinor’s portfolio of service providers across the energy leader’s drilling and well services (IDWS) category, beginning with rollouts in the Norwegian Continental Shelf. The frame agreement provides the basis for company-wide application within Equinor for all relevant contract categories.
“Equinor is an industry trailblazer, demonstrating the true value of our international smart contract network to improve and automate manual processes, and bring trust to all parties,” said Andrew Bruce, Founder and CEO, Data Gumbo. “Smart contracts are playing a critical role in driving the energy industry forward. Our work with Equinor clearly demonstrates the benefits that supermajors and their supply chain customers, partners and vendors experience by automating commercial transactions. We are proud to continue our work with Equinor to help them realize the savings, efficiencies and new levels of transparency available through our smart contract network.”
By using GumboNet across its IDWS category, Equinor is taking on highly complex contract and invoices, aiming to reduce processing time from weeks down to a few days. With roughly 150 different billing triggers, 17 unique payment methods, and data from Equinor, drillships, platforms, offshore service vessels, aviation providers, and third-party data managers and service providers, GumboNet smart contracts have successfully created 99.7% accurate invoices with no human intervention during initial trials with Equinor’s historical data.
To automate the execution of these offshore contracts, Equinor and its service partners provide data from their digital systems and Industrial Internet of Things (IIoT) sensors to Data Gumbo’s private, permissioned smart contract network, GumboNet. The smart contracts combine data with the business rules and pricing of a contract to create an auditable, immutable and shared record of truth enabling the automation of invoicing and payments. This should eliminate 95% of payment delays, invoicing errors, disputes and complicated reconciliations — significantly reducing the costs and necessary resources to administer contracts and supply improvements in joint interest billing.
“Since piloting Data Gumbo’s smart contracts for offshore drilling services in 2019, we have worked with the company to continually refine and improve use cases. We now have the potential to expand Data Gumbo’s smart contract network to enable transactional certainty across our portfolio from the Norwegian Continental Shelf to our Brazilian operated assets and beyond,” said Erik Kirkemo, Senior Vice President for Drilling & Well in Equinor. “GumboNet reduces inefficiencies and processing time around contract execution in complex supply chains, which is a problem in the broader industry, and we look forward to realizing the streamlined process and cost savings of its rapidly expanding smart contract network.”
About Equinor
Equinor is a broad energy company with more than 21,000 employees committed to providing affordable energy for societies worldwide and taking a leading role in the energy transition. Equinor is on a journey to net zero emissions through optimising the oil and gas portfolio, accelerating growth in renewables and pioneering developments in carbon capture and hydrogen.
About Data Gumbo
Data Gumbo is the smart contract network company trusted by global industrial enterprises. The only network of enterprises and their customers, suppliers, and vendors that successfully incorporates real-time sensor level and field data to validate transactions, GumboNet™ reduces costs by more than 10% for all network members by automatically eliminating payment delays, disputes, and complicated reconciliations.
To date, Data Gumbo has received equity funding with Saudi Aramco Energy Ventures, the venture subsidiary of Saudi Aramco; Equinor Ventures, the venture subsidiary of Equinor, Norway’s leading energy operator; and L37, a hybrid venture capital and private equity company. Data Gumbo is headquartered in Houston, Texas, with global offices in Stavanger, Norway, and London, UK. For more information, visit www.datagumbo.com or follow the company on LinkedIn, Twitter, and Facebook.
fama PR
Ellen Miles
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860-930-8222
DUBLIN--(BUSINESS WIRE)--The "Asphalt Additives Market Research Report by Type, by Technology, by Application, by State - United States Forecast to 2027 - Cumulative Impact of COVID-19" report has been added to ResearchAndMarkets.com's offering.
The United States Asphalt Additives Market size was estimated at USD 782.17 million in 2020, is expected to reach USD 869.61 million in 2021, and is projected to grow at a CAGR of 8.17% to reach USD 1,355.85 million by 2027.
Market Statistics:
The report provides market sizing and forecast across five major currencies - USD, EUR GBP, JPY, and AUD. It helps organization leaders make better decisions when currency exchange data is readily available. In this report, the years 2018 and 2019 are considered historical years, 2020 as the base year, 2021 as the estimated year, and years from 2022 to 2027 are considered the forecast period.
Market Segmentation & Coverage:
This Research Report Categorizes the Asphalt Additives to Forecast the Revenues and Analyze the Trends in Each of the Following Sub-Markets:
Companies Mentioned
Cumulative Impact of COVID-19:
COVID-19 is an incomparable global public health emergency that has affected almost every industry, and the long-term effects are projected to impact the industry growth during the forecast period. Ongoing research by the publisher amplifies their research framework to ensure the inclusion of underlying COVID-19 issues and potential paths forward. The report delivers insights on COVID-19 considering the changes in consumer behavior and demand, purchasing patterns, re-routing of the supply chain, dynamics of current market forces, and the significant interventions of governments. The updated study provides insights, analysis, estimations, and forecasts, considering the COVID-19 impact on the market.
Competitive Strategic Window:
The Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies to help the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. It describes the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth during a forecast period.
FPNV Positioning Matrix:
The FPNV Positioning Matrix evaluates and categorizes the vendors in the Asphalt Additives Market based on Business Strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and Product Satisfaction (Value for Money, Ease of Use, Product Features, and Customer Support) that aids businesses in better decision making and understanding the competitive landscape.
Market Share Analysis:
The Market Share Analysis offers the analysis of vendors considering their contribution to the overall market. It provides the idea of its revenue generation into the overall market compared to other vendors in the space. It provides insights into how vendors are performing in terms of revenue generation and customer base compared to others. Knowing market share offers an idea of the size and competitiveness of the vendors for the base year. It reveals the market characteristics in terms of accumulation, fragmentation, dominance, and amalgamation traits.
Competitive Scenario:
The Competitive Scenario provides an outlook analysis of the various business growth strategies adopted by the vendors. The news covered in this section delivers valuable thoughts at different stages while keeping up-to-date with the business and engage stakeholders in the economic debate. The competitive scenario represents press releases or news of the companies categorized into Merger & Acquisition, Agreement, Collaboration, & Partnership, New Product Launch & Enhancement, Investment & Funding, and Award, Recognition, & Expansion. All the news collected help vendor to understand the gaps in the marketplace and competitor's strength and weakness thereby, providing insights to enhance product and service.
Key Topics Covered:
1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.2. Restraints
5.1.3. Opportunities
5.1.4. Challenges
5.2. Cumulative Impact of COVID-19
6. Asphalt Additives Market, by Type
6.1. Introduction
6.2. Anti-Strip & Adhesion Promoters
6.3. Chemical Modifiers
6.4. Colored Asphalt
6.5. Emulsifiers
6.6. Fibers
6.7. Flux Oil
6.8. Polymeric Modifiers
6.9. Rejuvenators
7. Asphalt Additives Market, by Technology
7.1. Introduction
7.2. Cold Mix
7.3. Hot Mix
7.4. Warm Mix
8. Asphalt Additives Market, by Application
8.1. Introduction
8.2. Airport Construction
8.3. Road Construction & Paving
8.4. Roofing
9. California Asphalt Additives Market
10. Florida Asphalt Additives Market
11. Illinois Asphalt Additives Market
12. New York Asphalt Additives Market
13. Ohio Asphalt Additives Market
14. Pennsylvania Asphalt Additives Market
15. Texas Asphalt Additives Market
16. Competitive Landscape
17. Company Usability Profiles
18. Appendix
For more information about this report visit https://www.researchandmarkets.com/r/es202r.
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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Byrd Ranch Project Will Deploy Advanced Optimization Capabilities Enabled by Artificial Intelligence
HOUSTON--(BUSINESS WIRE)--GlidePath Power Solutions LLC (“GlidePath”), today announced it has completed design, equipment procurement, financing and begun construction of the 50 MW Byrd Ranch Storage Project (”Byrd Ranch”) in Sweeny, TX. Byrd Ranch is expected to be completed this summer so that it can provide critical grid support to the Electric Reliability Council of Texas (ERCOT) during periods of expected grid stress and volatility.
The Byrd Ranch Storage Project is ideally located approximately 60 miles south of the city of Houston, enhancing local grid resilience in the greater Houston region. Byrd Ranch will employ the very latest in battery storage technology, safety and control systems and will be owned and managed by GlidePath following completion of construction.
Byrd Ranch will optimize power delivery and reliability through AI-driven algorithms that are being developed specifically to meet the unique requirements and opportunities prevailing in the ERCOT market. Byrd Ranch will have the ability to participate in multiple services markets and revenue streams and provide instant support to ERCOT as it manages greater volatility through weather-related shifts in electric generation and demand. The experience gained by GlidePath from Byrd Ranch operations will inform the planned deployment of GlidePath’s algorithmic tools across its rapidly growing U.S. storage portfolio.
The project has a footprint of 2.5 acres. Initial estimates found that Byrd Ranch could generate $500,000 per year in property taxes that would support local schools and services. By working collaboratively with its landowner partners as well as local, county, and state officials, GlidePath designed Byrd Ranch specifically to minimize sound and visual impacts to the community while identifying and protecting sensitive species and local habitat. GlidePath also worked with multiple stakeholders to incorporate additional resiliency measures that will better protect the facility from extreme weather events including severe flooding such as that experienced with Hurricane Harvey. These added protection measures will help ensure that Byrd Ranch is able to operate and perform reliably when the community needs it most.
“We’re proud to break ground on our latest contribution to addressing the Texas power grid’s reliability challenges. Byrd Ranch is one of more than 70 innovative standalone storage and solar-plus-storage projects in GlidePath’s 12 GWh development inventory located across 20 U.S. states,” said Chris McKissack, CEO of GlidePath. “Our team has been developing energy storage projects since 2013 and understands the full lifecycle of development, construction and operations of these critical facilities. This expertise allows us to not only deliver robust financial results for our investors but, more importantly, to deploy technologically advanced, safe and reliable projects which add real value to our host communities.”
About GlidePath
GlidePath Power Solutions is a leading developer of distributed power solutions spanning multiple technologies and U.S. power markets. Led by a team of power industry veterans, GlidePath has successfully developed multiple battery storage projects in the U.S. and is actively advancing a multi- technology project development portfolio exceeding 12 GWh of planned distributed power capacity. Chicago-based GlidePath is a portfolio company of Quinbrook Infrastructure Partners, a specialist investor in renewables, storage and grid support infrastructure. For more information, visit www.glidepath.net.
About Quinbrook Infrastructure Partners
Quinbrook Infrastructure Partners (http://www.quinbrook.com) is a specialist investment manager focused exclusively on renewables, storage and grid support infrastructure and operational asset management in the US, UK, and Australia. Quinbrook is led and managed by a senior team of power industry professionals who have collectively invested c.USD 8.2 billion equity in energy infrastructure assets since the early 1990s, representing a total enterprise value of c.USD 28.7 billion or 19.5 GW of power supply capacity. Quinbrook has completed a diverse range of direct investments in both utility and distributed scale onshore wind and solar power, battery storage, reserve peaking capacity, biomass, fugitive methane recovery, hydro and flexible energy management solutions in the US, UK, and Australia.
Peter Gray, Aileron Communications
312-883-5044, This email address is being protected from spambots. You need JavaScript enabled to view it.
DUBLIN--(BUSINESS WIRE)--The "Industrial Cooling Systems Market by Product Type, Function, and End-user Industry: Global Opportunity Analysis and Industry Forecast, 2021-2030" report has been added to ResearchAndMarkets.com's offering.
The global industrial cooling systems market size was valued at $16,625.2 million in 2020, and is projected to reach $27,210.2 million by 2030, registering a CAGR of 5.0% from 2021 to 2030.
The transfer of thermal energy from one medium to another is known as cooling. Cooling is important in industrial applications to ensure that operations do not overheat equipment or goods. As water has high boiling point and specific heat, it is commonly used to absorb heat in cooling applications. When precise and consistent temperature control inside a process is necessary, this form of cooling is used. Owing to their ability to offer cooling capacity independent of changes in ambient temperature, heat load, or flow requirements, chillers are often employed to remove heat from a process.
The need for industrial cooling systems is increasing significantly across the end-user industries such as pharmaceuticals and food & beverages, as a result of exponential rise in population, rapid urbanization, and the development of the manufacturing industry. In addition, rise in global concern about greenhouse gas emissions is expected to drive the demand for energy-efficient equipment. Several businesses are investing in research and development to distinguish their products and obtain a competitive advantage in the marketplace.
The use of industrial cooling systems for product safety and temperature control is critical in the food & beverage sector. To preserve temperature and food quality, key businesses are focusing on offering advanced cooling systems for the food & beverage sector. For instance, in October 2020, GEA Group launched Blu-Red Fusion cooling system. The product is the combination of BluAstrum and BluGenium Chillers from the GEA group. It is ideal for refrigeration, cooling, and heating demands with low heat source temperatures and high temperature rises between the heat source and the heat sink.
The global industrial cooling systems market is segmented into product type, function, end-user industry, and region. By product type, the market is fragmented into air cooling, evaporative cooling, water cooling, and hybrid cooling. On the basis of function, it is bifurcated into stationary cooling, and transportation cooling. Depending on end-user industry, it is fragmented into food & beverages, chemical, pharmaceuticals, utility & power, oil & gas, and others. Region wise, the market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (the UK, France, Germany, Russia, Poland, and rest of Europe), Asia-Pacific (China, Japan, India, Australia, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
Key Benefits
Market Dynamics
Drivers
Restraint
Opportunities
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/2lhc7o.
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
This email address is being protected from spambots. You need JavaScript enabled to view it.
For E.S.T Office Hours Call 1-917-300-0470
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For GMT Office Hours Call +353-1-416-8900
SINGAPORE--(BUSINESS WIRE)--#CrossChainBridges--A decentralized Finance Protocol, The Recharge starts its journey to NFT by introducing its first NFT edition, “Recharge neon car.” The Recharge is an interoperability-focused project that offers cross-chain bridges and staking pools. It is a bridge between centralization and decentralization, and an attractive incentive program has been working very profoundly. It allows the generated point from centralized services to convert into cryptocurrency. All the users need to do is connect their wallet, such as MetaMask, and choose either staking or swap.
The Recharge has completed its first platform integration with South Korea's no. 1 power bank sharing service, Piggycell, and plans to expand its ecosystem to an EV-charging complex and E-bike platform later this year.
Moreover, as non-fungible tokens (NFTs) have exploded in popularity, The Recharge offers NFT.
“With demand for NFTs on the rise, we decided to launch NFT to reach our users' needs and expand the ecosystem,” The Recharge CMO Ethan Kang said.
The Recharge NFT projects started to boost RCG ecosystem, The Recharge’s native token, which will be listed on Bibox on January 26th, 2022.
The total supply of The Recharge NFT, also known as Recharge neon car, is 1,000 and it consists of 31 parts with 5 different sections which generate only 80 top tier NFTs with unique benefits.
All users who hold legendary, unique, and super rare will receive a special NFT drop and be whitelisted for the 2nd edition minting. Plus, legendary will airdrop at least USD 1,600.
More Info: https://medium.com/therecharge/announcement-unveiling-of-the-recharge-nft-4667828d22ae
The Recharge CMO Ethan Kang said, “The Recharge project started to build a long-term sustainable decentralized ecosystem that supports users’ needs and demands in an electric power charging ecosystem in rewards. The Recharge will eventually be a core of the ecosystem for users to control their own rewards and assets.”
The Recharge NFT launches on January 27th, 2022, at 00:00 UTC.
The Recharge
Jessica Lee
+82-10-7396-0058
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NEW YORK--(BUSINESS WIRE)--Smartron (www.smartron.com), an INDIA and US based global technology AIOT and EV OEM brand (the “Company”), is pleased to announce that it has signed an agreement ("Agreement") with the Global Emerging Markets Group (“GEM”), an alternative investment group with operations in Paris, New York, and the Bahamas. Under the agreement, GEM will provide a Share Subscription Facility of up to $200 million, to be drawn at the option of the Company.
Over the last 5+ years, Smartron has developed a big HW portfolio from smartphones to laptops to wearables to smart home hub to smart things to ebikes to battery packs to IoT modules, all powered by tronX, its own AIOT SW platform built on deep technologies such as 5G, AI/ML, IoT, Robotics and Web3. The Company has been launching many products powered by tronX platform across Personal (Mobile), Smart Home, Smart Infra, EV, and Energy markets.
This up to $200M investment announcement between Smartron and GEM will help support the Company’s future growth and potential public listing plans. Over the next 3-5 years, Smartron will be focused on driving growth by targeting primarily Smart Home, Smart Infra, EV, and Energy verticals powered by tronX platform, manufactured by tworks, and cared by tlife. The tronX platform is also being offered as a B2B service to Companies that are targeting various AIoT applications. Smartron is uniquely positioned to benefit from huge opportunities across the INDO-US corridor thanks to the ongoing global supply chain challenges and (re)alignments.
About GEM
Global Emerging Markets (“GEM”) is a $3.4 billion alternative investment group that manages a diverse set of investment vehicles focused on emerging markets across the world and have completed over 500 transactions in 70 countries. GEM’s investment vehicles provide the group and its investors with a diversified portfolio of asset classes that span the global private investing spectrum. Its family of funds and investment vehicles provide GEM and its partners with exposure to Small-Mid Cap Management Buyouts, Private Investments in Public Equities (PIPEs) and select venture investments. GEM’s funds include the CITIC-GEM Fund (matured in December 2015), Kinderhook Industries (GP and LP non-voting stakes), GEM Global Yield LLC SCS, GEM India and VC Bank/GEM Mena Fund (GEM exited both its GP and LP stakes in these funds in 2015 and 2010, respectively).
About Smartron
Smartron (www.smartron.com) was founded with a vision to build INDIA and US based and focused global technology AIOT and EV brand offering intelligent products, solutions, services, and support for smart home, smart infra, EV and Energy markets powered by tronX, its own AIOT platform and a wide range of HW devices.
Peter Jacob
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+91 7893001974
DALLAS--(BUSINESS WIRE)--Pioneer Natural Resources Company (“Pioneer”) (NYSE:PXD) today announced its fourth quarter 2021 earnings news release is scheduled to be issued after the close of trading on the New York Stock Exchange on Wednesday, February 16, 2022.
A conference call is scheduled for Thursday, February 17, 2022, at 9:00 a.m. Central Time to discuss the fourth quarter results. Instructions on how to listen to the call and view the accompanying presentation are shown below.
Internet: www.pxd.com
Select “Investors” then “Earnings & Webcasts” to listen to the discussion and view the presentation.
Telephone: Dial (800) 289-0720 confirmation code 2365669 five minutes before the call. View the presentation via Pioneer’s internet address above.
A replay of the webcast will be archived on Pioneer’s website. Alternatively, an audio replay will be available through March 18, 2022. To register and access the audio replay, click here and enter confirmation code 2365669.
Pioneer is a large independent oil and gas exploration and production company, headquartered in Dallas, Texas, with operations in the United States. For more information, visit Pioneer’s website at www.pxd.com.
Pioneer Natural Resources Contacts:
Investors
Neal Shah – 972-969-3900
Tom Fitter – 972-969-1821
Greg Wright – 972-969-1770
Chris Leypoldt – 972-969-5834
Media and Public Affairs
Tadd Owens – 972-969-5760
TTI, Molex and KYOCERA AVX Join Global Distributor to Support Next-Gen Technology
DALLAS & FORT WORTH, Texas--(BUSINESS WIRE)--#DragonPenskeAutosport--Mouser Electronics, Inc., the New Product Introduction (NPI) leader™ empowering innovation, is excited to partner with the DRAGON / PENSKE AUTOSPORT team for the ABB Formula E FIA World Championship series’ eighth season, which kicks off with double-header races at Diriyah E-Prix on January 28 and 29. The fourth consecutive season-opener at Diriyah gives fans two exciting night races just outside Saudi Arabia’s capital of Riyadh.
Mouser is partnering with the DRAGON / PENSKE AUTOSPORT team throughout the 2021–22 ABB FIA Formula E World Championship racing season, in collaboration with TTI, Inc. and valued manufacturers Molex and KYOCERA AVX. This is the eighth-straight year that Mouser and Molex have sponsored Formula E racing.
Driver Sérgio Sette Câmara returns to the team to helm the No. 7 Penske EV-5 car, while Formula 1 reserve driver Antonio Giovinazzi joins the team to take the wheel of the No. 6 car. The new season serves up 16 races, including stops in Jakarta, Vancouver, and Seoul, plus increased car power and new race qualifying formats.
“Mouser is thrilled to team up with Molex, TTI and KYOCERA AVX to partner with DRAGON / PENSKE AUTOSPORT for the eighth year in a row,” said Todd McAtee, Vice President, Americas Business Development for Mouser Electronics. “Formula E’s focus on developing and incorporating the latest in electric vehicle technology resonates with Mouser, our customers, and our fans and followers. We wish Sette Câmara, Giovinazzi, and the team the best this season!”
"TTI is pleased to team up with Mouser in supporting this exciting sport and its spotlight on sustainable automotive technologies of the future,” said Mike Morton, TTI Chief Executive Officer.
“This new chapter of Formula E promises to continue the evolution of this thrilling sport and serves as a powerful showcase for its electric future,” said Fred Bell, Vice President of Global Distribution for Molex. “Mouser and Molex have been proud supporters since the inception of Formula E, and we wish the DRAGON / PENSKE AUTOSPORT team a safe and successful season.”
“We’re delighted to collaborate with Mouser, Molex, and TTI in our partnership with the DRAGON / PENSKE AUTOSPORT Formula E racing team for another exciting season,” said Alex Schenkel, KYOCERA AVX’s Senior Vice President of Global Sales.
The Formula E series features cars that are powered solely by electricity and represent a vision for the future of the motor sports industry, serving as a framework for research and development around zero-emission motoring. The Gen2 cars offer a huge step forward in electric vehicle racing technology, with maximum power of 250 kW and speeds up to 280 km/h. Racing is all about speed and endurance, and racing partnerships are an innovative way for Mouser to communicate its performance-driven business model and promote the newest technologies from its manufacturer partners.
Fans can cast a vote for Sette Câmara and Giovinazzi in FANBOOST, which allows fans to play an active role in influencing the outcome of the race. FANBOOST gives fans the opportunity to vote for their favorite driver and award them an extra boost of power during the race. The five drivers with the most FANBOOST votes are awarded a significant burst of power, which they can deploy in a 5-second window during the second half of the race. FANBOOST voting for the Diriyah E-Prix opens January 25 and is available up to 15 minutes into the race.
To learn more, visit https://www.mouser.com/formula-e/.
For more Mouser news, visit https://www.mouser.com/newsroom/.
As a global authorized distributor, Mouser offers the world’s widest selection of the newest semiconductors and electronic components — in stock and ready to ship™. Mouser’s customers can expect 100% certified, genuine products that are fully traceable from each of its manufacturer partners. To help speed customers’ designs, Mouser’s website hosts an extensive library of technical resources, including a Technical Resource Center, along with product data sheets, supplier-specific reference designs, application notes, technical design information, engineering tools and other helpful information.
Engineers can stay abreast of today’s exciting product, technology and application news through Mouser’s complimentary e-newsletter. Mouser’s email news and reference subscriptions are customizable to the unique and changing project needs of customers and subscribers. No other distributor gives engineers this much customization and control over the information they receive. Learn about emerging technologies, product trends and more by signing up today at https://sub.info.mouser.com/subscriber.
About Mouser Electronics
Mouser Electronics, a Berkshire Hathaway company, is an authorized semiconductor and electronic component distributor focused on New Product Introductions from its leading manufacturer partners. Serving the global electronic design engineer and buyer community, the global distributor's website, mouser.com, is available in multiple languages and currencies and features more than 5 million products from over 1,200 manufacturer brands. Mouser offers 27 support locations worldwide to provide best-in-class customer service in local language, currency and time zone. The distributor ships to over 630,000 customers in 223 countries/territories from its 1 million-square-foot, state-of-the-art distribution facilities in the Dallas, Texas, metro area. For more information, visit https://www.mouser.com/.
Trademarks
Mouser and Mouser Electronics are registered trademarks of Mouser Electronics, Inc. All other products, logos, and company names mentioned herein may be trademarks of their respective owners.
For further information, contact:
Kevin Hess, Mouser Electronics
Senior Vice President of Marketing
+1 (817) 804-3833
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For press inquiries, contact:
Kelly DeGarmo, Mouser Electronics
Manager, Corporate Communications and Media Relations
+1 (817) 804-7764
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SAN JOSE, Calif.--(BUSINESS WIRE)--$BE #earnings--Bloom Energy (NYSE: BE) today announced it will release its fourth quarter and fiscal year 2021 financial results on February 10, 2022 after market close. Bloom Energy’s management will host a conference call at 2:00 p.m. Pacific Time (PT) / 5:00 p.m. Eastern Time (ET) on the same day to discuss these results and the longer term outlook for the company.
Q4 2021 Conference Call and Webcast
Date: February 10, 2022
Time: 2 p.m. PT/ 5 p.m. ET
Duration: 60 minutes
Live Dial in: Domestic (844) 200-6205 | International +1 (833) 950-0062
Participant Passcode: 689359
Live webcast: https://investor.bloomenergy.com/
A telephonic replay of the conference call will be accessible for one week following the call at:
Dial in: Domestic (866) 813-9403 | International + 1 (226) 621-4642
Passcode: 219118
The Investors section of the Bloom Energy website will also host a replay for one year following the webcast at https://investor.bloomenergy.com/.
About Bloom Energy
Bloom Energy empowers businesses and communities to responsibly take charge of their energy. The company’s leading solid-oxide platform for distributed generation of electricity and hydrogen is changing the future of energy. Fortune 100 companies around the world turn to Bloom Energy as a trusted partner to deliver lower carbon energy today and a net-zero future. For more information visit www.bloomenergy.com.
Investor Relations:
Ed Vallejo
+1 (267) 370-9717
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Media Relations:
Jennifer Duffourg
+1 (480) 341-5464
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Projects Expected to Deliver Clean Energy to Customers by 2024
OAKLAND, Calif.--(BUSINESS WIRE)--As part of its mission to build a stronger, more resilient energy grid for the hometowns it serves, Pacific Gas and Electric Company (PG&E) is proposing nine new battery energy storage projects totaling approximately 1,600 megawatts (MW), to further integrate renewable energy resources and improve reliability of the California electric system.
If approved by the California Public Utilities Commission (CPUC), these nine projects would bring PG&E’s total battery energy storage system capacity to more than 3,330 MW by 2024.
“As we work year-round to strengthen our electric system, we are also planning, engineering and building the grid for a future that harnesses the power of solar plus storage on an unprecedented scale. We are committed to safely delivering reliable and clean energy in a way that achieves the greatest value for our customers. And we know we can’t go it alone. We welcome continued partnerships with the best and the brightest to make California’s clean energy future a reality,” said Joe Bentley, Senior Vice President, Electric Engineering, PG&E.
These large-scale battery systems will participate in the California Independent System Operator (CAISO) markets, providing energy and ancillary service—such as serving as an operating reserve to help provide enough energy supply to meet demand—to the CAISO-controlled grid.
Timeline Toward a Cleaner Energy Future for California
The nine project agreements are the result of a competitive request for offers (RFO) PG&E launched to procure energy resources ordered by the CPUC’s June 2021 decision directing all load serving entities (LSEs) in California—including California’s investor-owned utilities, such as PG&E—to collectively procure 11.5 gigawatts (GW) of new electricity resources.
The energy would come online between 2023 and 2026 to support California’s greenhouse gas (GHG) reduction policy, and to replace electricity generation from the expected retirements of Southern California natural gas plants and PG&E’s Diablo Canyon Power Plant (DCPP).
The CPUC decision requires the resources to begin delivering energy to customers incrementally: at least 2,000 MW by August 1, 2023; an additional 6,000 MW by June 1, 2024, an additional 1,500 MW by June 1, 2025; and an additional 2,000 MW by June 1, 2026.
To replace the current supply of energy from DCPP without a net increase in GHG emissions when DCPP retires in 2025, at least 2,500 MW of the resources procured by the LSEs collectively, between 2023 and 2025, must be from zero-emission electric generation resources, generation resources paired with storage, or demand response.
In total, PG&E is responsible for purchasing at least 2,302 MW to be delivering energy to the grid between 2023 and 2026. PG&E will issue another (phase two) competitive solicitation later this year for resources to be delivering energy by June 1, 2025 and June 1, 2026.
Charging Ahead with Battery Energy Storage
Today, battery storage helps integrate renewable sources onto the grid, enhancing the overall reliability of an ever-changing energy supply. Batteries are charged when energy demand and prices are lower (generally, when solar generation is higher) and then send that reserved power to the grid when demand and prices increase, providing additional capacity and resulting in lower overall costs for our customers.
Including these nine new projects, PG&E now has contracts for battery energy storage systems totaling more than 3,330 MW of capacity being deployed throughout California through 2024.
To date, more than 600 MW (of the 3,330 MW contracted) of new battery storage capacity has been connected to California’s electric grid including:
PG&E anticipates an additional 1,100 MW of storage capacity (of the 3,330 MW contracted) to come online in 2022 and 2023 including PG&E’s Elkhorn Battery – a 182.5 MW BESS comprised of Tesla Megapacks – which is anticipated to be operational before summer 2022, pending final testing and certification.
Project Details
The nine projects announced today and listed below all feature lithium-ion battery energy storage technology, each with a four-hour discharge duration. PG&E has executed 15-year Resource Adequacy agreements for each of the following projects:
About PG&E
Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is a combined natural gas and electric utility serving more than 16 million people across 70,000 square miles in Northern and Central California. For more information, visit pge.com and pge.com/news.
MEDIA RELATIONS:
415-973-5930
Enabling Industrial, Energy and Utility customers to connect critical infrastructure and utilize Anterix 900 MHz spectrum for Private LTE
VANCOUVER, British Columbia--(BUSINESS WIRE)--Sierra Wireless (NASDAQ: SWIR) (TSX: SW), a world leading IoT solutions provider, today announced that its AirLink® RV50X router has been certified for use by the Federal Communications Commission (FCC), enabling existing and new customers access to Anterix’s 900 MHz private wireless broadband spectrum. Leveraging the Sierra Wireless MC7455 module with Band 8 spectrum and network assigned duplexing (NAD) support, the RV50X ruggedized cellular router serves as a foundation for critical infrastructure.
Anterix, a company focused on delivering transformative broadband that enables the modernization of critical infrastructure, is the largest holder of licensed spectrum in the 900 MHz band (896-901/935-940 MHz) throughout the contiguous United States, plus Hawaii, Alaska, and Puerto Rico.
“We are pleased to add the Sierra Wireless AirLink® RV50X router and the MC7455 module to our family of Anterix Active commercial-ready technologies available for 900 MHz private LTE networks,” said Carlos L’ Abbate, Anterix Chief Technology & Engineering Officer. “Sierra Wireless Solutions play a key role in connecting critical infrastructure for utilities.”
“With FCC certification of our RV50X router for use on Anterix’s 900 MHz spectrum, customers can now access private LTE for their critical infrastructure applications and expanded offerings for private IoT networks,” said Tom Mueller, VP of Product Enterprise Networking, Sierra Wireless. “Further, both new and existing RV50X customers can take advantage of Anterix’s spectrum and leverage the RV50X's dual SIM capability to operate on both a commercial carrier, and have routers migrate over to 900 MHz as their private networks roll out.”
Sierra Wireless’ AirLink® RV50X Industrial LTE Gateway
The AirLink® RV50X delivers LTE broadband connectivity for critical remote fixed assets and industrial IoT infrastructure and with low power consumption, the router can run on battery or solar power. Offering ruggedized connectivity, the compact RV50X was purpose-built for fixed assets in SCADA and metering, smart city, agriculture, environmental monitoring, oil and gas, utility, and public safety applications.
In addition, AirLink Complete, a subscription-based service, is included with the RV50X. This service offers best in class device management, customer support and an extended warranty which delivers a cost-effective way to ensure mission critical infrastructure operates at peak efficiency.
Availability
The RV50X router is available now from Sierra Wireless’ global network of partners.
For more information, visit: https://www.sierrawireless.com/products-and-solutions/routers-gateways/rv50/
To contact the Sierra Wireless Sales Desk, call +1 877-687-7795 or visit http://www.sierrawireless.com/sales.
Note to editors:
To view and download images of Sierra Wireless products, visit https://www.sierrawireless.com/company/image-gallery/.
About Sierra Wireless
Sierra Wireless (NASDAQ: SWIR) (TSX: SW) is a world leading IoT solutions provider that combines devices, network services, and software to unlock value in the connected economy. Companies globally are adopting 4G, 5G, and LPWA solutions to improve operational efficiency, create better customer experiences, improve their business models, and create new revenue streams. Sierra Wireless works with its customers to develop the right industry-specific solution for their IoT deployments, whether this is an integrated solution to help connect edge devices to the cloud, a software/API service to manage processes with billions of connected assets, or a platform to extract real-time data to improve business decisions. With more than 25 years of cellular IoT experience, Sierra Wireless is the global partner customers trust to deliver them their next IoT solution. For more information, visit www.sierrawireless.com.
Connect with Sierra Wireless on the IoT Blog at http://www.sierrawireless.com/iot-blog, on Twitter at @SierraWireless, on LinkedIn at https://www.linkedin.com/company/sierra-wireless and on YouTube at https://www.youtube.com/SierraWireless.
“Sierra Wireless” is a registered trademark of Sierra Wireless, Inc. “AirLink” is a registered trademark of Sierra Wireless America, Inc. Other product or service names mentioned herein may be the trademarks of their respective owners.
Louise Matich
Sierra Wireless
Media Relations
+1 236 979 2154
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David Climie
Sierra Wireless
Investor Relations
+1 604 321 1137
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ROCKVILLE, Md.--(BUSINESS WIRE)--Argan, Inc. (NYSE: AGX) (“Argan” or the “Company”) today announces that its Board of Directors approved an increase in the Company's existing share repurchase program, from $25 million to $50 million, to acquire shares of the Company's Common Stock. The Company has repurchased shares at a cost of approximately $18 million under the authorization to-date.
“Delivering value to our customers and stockholders is our top priority. We are committed to a disciplined capital allocation strategy that balances returning capital to our stockholders and investing in our business and people,” said Rainer Bosselmann, Argan’s Chairman and Chief Executive Officer. “Over the past two months, we have repurchased $18 million of shares, and over the past two years, we have distributed dividends of approximately $63 million, while at the same time building our cash and net liquidity. As a result, with the meaningful free cash flow from our business, we expect to maintain share repurchasing as an opportunistic part of our capital allocation strategy.”
The Board’s authorization permits the Company to make purchases of its Common Stock from time to time in the open market or through privately negotiated transactions, subject to market and other conditions, up to the aggregate amount authorized by the Board. The Board’s authorization allows the repurchase of shares through January 2024.
About Argan, Inc.
Argan’s primary business is providing a full range of services to the power industry including the renewable energy sector. Argan’s service offerings focus primarily on the engineering, procurement and construction of natural gas-fired power plants, along with related commissioning, operations management, maintenance, project development and consulting services, through its Gemma Power Systems and Atlantic Projects Company operations. Argan also owns SMC Infrastructure Solutions, which provides telecommunications infrastructure services, and The Roberts Company, which is a fully integrated fabrication, construction and industrial plant services company.
Certain matters discussed in this press release may constitute forward-looking statements within the meaning of the federal securities laws and are subject to risks and uncertainties including, but not limited to, the Company’s successful addition of new contracts to project backlog, the Company’s receipt of corresponding notices to proceed with contract activities and the Company’s ability to successfully complete the projects that it obtains. The Company has entered into several EPC contracts that have not started and may not start as planned due to market and other circumstances out of the Company’s control. Actual results and the timing of certain events could differ materially from those projected in or contemplated by the forward-looking statements due to a number of factors detailed from time to time in Argan’s filings with the SEC. In addition, reference is hereby made to cautionary statements with respect to risk factors set forth in the Company’s most recent reports on Forms 10-K and 10-Q, and in other SEC filings.
Company:
Rainer Bosselmann
301.315.0027
Investor Relations:
David Watson
301.315.0027
MONTREAL--(BUSINESS WIRE)--$LMR #CSMs--Lomiko Metals Inc. (TSX.V: LMR) (“Lomiko Metals” or “Lomiko”) and Critical Elements Lithium Corporation (TSX-V: CRE) (US OTCQX: CRECF) (FSE: F12) (“Critical Elements” or “CELC”) are pleased to announce the following amendment to the Bourier Lithium Option Agreement. The Bourier lithium project consists of 203 claims for a total ground position of 10,252.20 hectares (102.52 km2) in a region of Quebec that boasts other lithium deposits and known lithium mineralization.
Lomiko’s CEO and Director Belinda Labatte stated: “We are pleased to work with Critical Elements Lithium Corporation team on an amendment of the Option Agreement so we can move forward in 2022 with a thoughtful and focused exploration campaign in a highly prospective lithium district. We are now reviewing the findings from the 2021 exploration program conducted with GoldSpot AI and CELC as we plan our next steps for the spring exploration field program. Preliminary Summer 2021 field exploration results have revealed the discovery of five new sectors of pegmatites, highlighting the potential of the Bourier project. GoldSpot’s AI analysis revealed considerable lithium potential on the property. During this program, a total of 15 high to moderate prospective lithium targets were identified.”
Amendment to the Bourier Option Agreement with CELC
Lomiko and CELC entered into a property option agreement dated April 24, 2021, pursuant to which Lomiko was granted an option to acquire a 70% undivided interest in the Bourier Property. CELC grants to Lomiko the exclusive right and option to acquire, on or before December 31, 2022, an initial 49% earned interest (the “First Option”) in the Bourier Property by issuing to CELC an aggregate of 5,000,000 common shares of Lomiko, by making a cash payment to CELC totaling $50,000, and by incurring or funding exploration expenditures for a total amount of $1,300,000, of which $550,000 must be incurred or funded by no later than December 31, 2021. As of that date, Lomiko had incurred or funded claims fees, management fees and exploration expenditures in the amount of $298,228, an amount which CELC hereby recognizes as forming part of Lomiko’s exploration commitment under the First Option. The Parties have agreed that the exploration shortfall of $251,772 shall be carried forward and added to the exploration expenditures that Lomiko is required to incur or fund under the First Option by no later than December 31, 2022. The parties have also agreed that Lomiko shall advance the exploration expenditures on receipt by Lomiko of an approved exploration campaign program from CELC within a delay of 60 days from the date of such approval.
About Lomiko Metals Inc.
Lomiko Metals has a new vision and a new strategy in new energy. Lomiko represents a company with purpose: a people-first company where we can manifest a world of abundant renewable energy with Canadian and Quebec critical minerals for a solution in North America. Our goal is to create a new energy future in Canada where we will grow the critical minerals workforce, become a valued partner and neighbour with the communities in which we operate, and provide a secure and responsibly sourced supply of critical minerals.
The Company holds a 100% interest in its La Loutre graphite development in southern Quebec. The La Loutre project site is located within the Kitigan Zibi Anishinabeg (KZA) First Nations territory. The KZA First Nations are part of the Algonquin Nation and the KZA territory is situated within the Outaouais and Laurentides regions. Located 180 kilometres northwest of Montreal, the property consists of 1 large, continuous block with 48 minerals claims totaling 2,867 hectares (28.7km2). Lomiko Metals published a Preliminary Economic Assessment (“PEA”) on September 10, 2021 which indicated the project had a 15 year mine life producing per year 100,000 tonnes of the graphite concentrate at 95%Cg or a total of 1.5Mt of the graphite concentrate. This report was prepared as National Instrument 43-101 Technical Report for Lomiko Metals Inc. by Ausenco Engineering Canada Inc., Hemmera Envirochem Inc., Moose Mountain Technical Services, and Metpro Management Inc., collectively the Report Authors.
Lomiko is working with Critical Elements Lithium Corporation to earn its 70% stake in the Bourier lithium project, as per an option agreement announced April 27, 2021. The Bourier project site is located near Nemaska Lithium and Critical Elements south-east of the Eeyou Istchee James Bay territory in Quebec which consists of 203 claims, for a total ground position of 10,252.20 hectares (102.52 km2), in Canada’s lithium triangle near the James Bay region of Quebec that has historically housed lithium deposits and mineralization trends.
About Critical Elements Lithium Corporation
Critical Elements aspires to become a large, responsible supplier of lithium to the flourishing electric vehicle and energy storage system industries. To this end, Critical Elements is advancing the wholly owned, high purity Rose lithium project in Quebec. Rose is the Corporation’s first lithium project to be advanced within a land portfolio of over 700 square kilometers. In 2017, the Corporation completed a feasibility study on Rose for the production of spodumene concentrate. The internal rate of return for the Project is estimated at 34.9% after tax, with a net present value estimated at C$726 million at an 8% discount rate. In the Corporation’s view, Quebec is strategically well-positioned for US and EU markets and boasts good infrastructure including a low-cost, low-carbon power grid featuring 93% hydroelectricity. The project has received approval from the Federal Minister of Environment and Climate Change on the recommendation of the Joint Assessment Committee, comprised of representatives from the Impact Assessment Agency of Canada and the Cree Nation Government; The Corporation is working to obtain similar approval under the Quebec environmental assessment process. The Corporation also has a good, formalized relationship with the Cree Nation.
Mr. Mike Petrina, Project Manager, a Qualified Person under National Instrument 43-101 – Standards of Disclosure for Mineral Projects, has reviewed and approved the technical disclosure in this news release.
For more information on Lomiko Metals, review the website at www.lomiko.com, contact Belinda Labatte at 647-402-8379 or email: This email address is being protected from spambots. You need JavaScript enabled to view it..
For more information on Critical Elements, review the website at www.cecorp.ca, contact Patrick Laperrière at 514-817-1119 or email: This email address is being protected from spambots. You need JavaScript enabled to view it. or Jean-Sébastien Lavallée at 819-354-5146 or email: This email address is being protected from spambots. You need JavaScript enabled to view it..
Cautionary Note Regarding Forward-Looking Information
This news release contains "forward-looking information" within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates, projections and interpretations as at the date of this news release. The information in this news release about the Company; and any other information herein that is not a historical fact may be "forward-looking information" (“FLI”). All statements, other than statements of historical fact, are FLI and can be identified by the use of statements that include words such as "anticipates", "plans", "continues", "estimates", "expects", "may", "will", "projects", "predicts", “proposes”, "potential", "target", "implement", “scheduled”, "intends", "could", "might", "should", "believe" and similar words or expressions. FLI in this new release includes, but is not limited to: the Company’s objective to become a responsible supplier of critical minerals, exploration of the Company’s projects, including expected costs of exploration and timing to achieve certain milestones, including timing for completion of exploration programs; the Company’s ability to successfully fund, or remain fully funded for the implementation of its business strategy and for exploration of any of its projects (including from the capital markets); any anticipated impacts of COVID-19 on the Company’s business objectives or projects, the Company's financial position or operations, and the expected timing of announcements in this regard. FLI involves known and unknown risks, assumptions and other factors that may cause actual results or performance to differ materially. This FLI reflects the Company’s current views about future events, and while considered reasonable by the Company at this time, are inherently subject to significant uncertainties and contingencies. Accordingly, there can be no certainty that they will accurately reflect actual results. Assumptions upon which such FLI is based include, without limitation: current market for critical minerals; current technological trends; the business relationship between the Company and its business partners; ability to implement its business strategy and to fund, explore, advance and develop each of its projects, including results therefrom and timing thereof; the ability to operate in a safe and effective manner; uncertainties related to receiving and maintaining exploration, environmental and other permits or approvals in Quebec; any unforeseen impacts of COVID-19; impact of increasing competition in the mineral exploration business, including the Company’s competitive position in the industry; general economic conditions, including in relation to currency controls and interest rate fluctuations.
The FLI contained in this news release are expressly qualified in their entirety by this cautionary statement, the “Forward-Looking Statements” section contained in the Company’s most recent management’s discussion and analysis (MD&A), which is available on SEDAR at www.sedar.com, and on the investor presentation on its website. All FLI in this news release are made as of the date of this news release. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update or revise any such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by applicable securities laws.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
On behalf of the Board,
Belinda Labatte
CEO and Director, Lomiko Metals Inc.
For investor inquiries, please contact:
Kimberly Darlington
Investor Relations, Lomiko Metals Inc.
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514-771-3398
HOUSTON--(BUSINESS WIRE)--The Board of Directors of Westlake Chemical Partners GP LLC, the general partner of Westlake Chemical Partners LP (the "Partnership") (NYSE:WLKP), has declared a distribution of $0.4714 per unit. This is the 30th quarterly distribution announced by the Partnership since its initial public offering. The distribution will be payable on February 17, 2022, to unit holders of record on February 3, 2022.
This release is intended to be a qualified notice under Treasury Regulation Section 1.1446-4(b). Brokers and nominees should treat one hundred percent (100.0%) of the Partnership’s distributions to non-U.S. investors as being attributable to income that is effectively connected with a United States trade or business. Accordingly, the Partnership’s distributions to non-U.S. investors are subject to federal income tax withholding at the highest applicable effective tax rate.
About Westlake Chemical Partners LP
Westlake Chemical Partners is a limited partnership formed by Westlake Chemical Corporation to operate, acquire and develop ethylene production facilities and other qualified assets. Headquartered in Houston, the Partnership owns a 22.8% interest in Westlake Chemical OpCo LP. Westlake Chemical OpCo LP’s assets include three facilities in Calvert City, Kentucky, and Lake Charles, Louisiana which process ethane and propane into ethylene, and an ethylene pipeline. For more information about Westlake Chemical Partners LP, please visit http://www.wlkpartners.com.
Media Inquiries:
Westlake Chemical Corp.
Ben Ederington, 1-713-960-9111
or
Investor Inquiries:
Westlake Chemical Corp.
Steve Bender, 1-713-960-9111
IRVING, Texas--(BUSINESS WIRE)--Exxon Mobil Corporation will release fourth quarter 2021 financial results on Tuesday, February 1, 2022. A press release will be issued via Business Wire and available at 6:30 a.m. CT at www.exxonmobil.com.
Darren Woods, chairman and chief executive officer; Kathy Mikells, senior vice president and chief financial officer; and Stephen Littleton, vice president of investor relations and secretary, 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 7785869 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
HOUSTON--(BUSINESS WIRE)--Hess Midstream LP (NYSE: HESM) (“Hess Midstream”), today announced that the Board of Directors of its general partner declared a quarterly cash distribution of $0.5167 per Class A share for the quarter ended December 31, 2021. The distribution represents a 1.2% increase compared to the distribution on the Hess Midstream Class A shares for the third quarter of 2021, which equals a 5% increase on an annualized basis. The distribution will be payable on February 14, 2022 to shareholders of record as of the close of business on February 3, 2022.
About Hess Midstream
Hess Midstream LP is a fee-based, growth-oriented midstream company that operates, develops and acquires a diverse set of midstream assets to provide services to Hess Corporation and third-party customers. Hess Midstream owns oil, gas and produced water handling assets that are primarily located in the Bakken and Three Forks Shale plays in the Williston Basin area of North Dakota. More information is available at www.hessmidstream.com.
Investor Contact:
Jennifer Gordon
(212) 536-8244
Media Contact:
Robert Young
(346) 319 8783
New company will convert wood waste into renewable natural gas
HOUSTON--(BUSINESS WIRE)--Today, Harvest Midstream (Harvest) announced the formation of MaderaGas I LLC (MaderaGas) in partnership with NOVUS Wood Group (NOVUS). The newly formed company will look to develop a greenfield facility near Houston to convert wood waste to renewable natural gas (RNG) on a commercial scale.
“Harvest is a company built on entrepreneurship and innovation,” Harvest CEO Jason Rebrook said. “This project is a first of its kind and demonstrates our commitment to renewable energy and to delivering the energy resources that fuel American families and business.”
As currently planned, the MaderaGas plant will be comprised of 5 production trains, each of which will process 100,000 tons of wood waste annually into 1Bcf of renewable natural gas per year, yielding a total of 5Bcf of gas annually if fully developed. NOVUS is also in the process of finalizing definitive agreements for RNG offtake and CO2 capture and sequestration. The technology for the project will be supplied largely by SunGas Renewables, Inc., a subsidiary of the Gas Technology Institute of Chicago. Black & Veatch has been engaged to provide the engineering for the project.
“The first plant could have the capacity to deliver meaningful quantities of renewable natural gas to market,” MaderaGas CEO Bill Winters said. “Combining forces with a local experienced midstream partner like Harvest gives MaderaGas the capacity to develop not only this facility, but also future renewable opportunities as the industry grows. It is exciting to be on the leading edge of energy transition.”
NOVUS will provide all the wood waste feedstock to the project from its existing facility. Construction for Train 1 could begin in early 2023 with completion expected in 2024. MaderaGas will be seeking construction and permanent financing in the form of debt and equity in the coming months before a final investment decision will be made.
Harvest Midstream:
Harvest Midstream is a privately held midstream service provider based in Houston, TX that operates various crude oil and natural gas gathering, storage, transportation, treatment and terminalling assets across the United States.
NOVUS Wood Group:
NOVUS has partnered for over thirty (30) years with municipalities, governments, utilities and the private sector to offer brush grinding and screening services which repurposes brush and clean yard debris into beneficial use products in Southeast Texas. Recycling with NOVUS has proven to be more economical than landfill disposal as well as more environmentally responsible and sustainable. NOVUS products return valuable organic materials to the earth and reduce harmful greenhouse gas emissions such as methane.
Justin Furnace
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AUSTIN, Texas--(BUSINESS WIRE)--Brigham Minerals, Inc. (NYSE: MNRL) (“Brigham Minerals,” “Brigham,” or the “Company”), a leading mineral and royalty interest acquisition company, today announced that based on the recommendation of the Nominating & Governance Committee and the unanimous approval of the Board of Directors, the Company has appointed two independent directors, Gayle Burleson and Stacy Hock, to the Company’s Board effective immediately. In addition, Howard Keenan has concurrently announced his resignation from the Board of Directors. With the appointment of Ms. Burleson and Ms. Hock concurrent with the resignation of Mr. Keenan, the Board of Directors will have nine members.
Robert M. (“Rob”) Roosa, Chief Executive Officer, commented, “We are extremely excited to appoint Gayle and Stacy to our Board and believe that we’ve taken significant, meaningful steps to add both complimentary skill sets and differing perspectives to the Board. Gayle brings significant expertise in US Shale development with a deep knowledge of the Permian Basin via 15 years of senior leadership experience with Concho Resources Inc. Stacy is a dynamic leader with a strong strategic vision via her experience as a private investor, philanthropist, and public policy advocate. She brings a unique viewpoint to the Board and will provide a fresh perspective given her significant board level experience.”
Robert M. (“Rob”) Roosa, Chief Executive Officer, concluded, “I want to personally thank Howard for his dedication and service to our Company since 2013. Howard has been a staunch believer in the minerals space since we first met to discuss forming the business. His visionary support, unwavering service and sage counsel have been critical to our evolution into a premier, publicly traded mineral company. On behalf of the entire Board and Management team I would like to thank Howard for all he helped us achieve over the past eight years and we wish him the best as he shifts focus to other investments and opportunities.”
Ms. Burleson currently serves on the boards of Select Energy Services, Inc (NYSE: WTTR) and privately held Chisholm Energy Holdings, LLC. Ms. Burleson was most recently with Concho Resources Inc. (NYSE: CXO) as the Senior Vice President of Business Development and Land and held that position until Concho’s acquisition by ConocoPhillips (NYSE: COP) in January 2021. She was employed for 15 years at Concho Resources in various roles and capacities with ever increasing leadership responsibilities. Prior to joining Concho Resources, Ms. Burleson served in a number of engineering and operations positions with BTA Oil Producers, Mobil Oil Corporation, Parker & Parsley Petroleum Company, and Exxon Corporation. Ms. Burleson received her B.S. in Chemical Engineering from Texas Tech University.
Ms. Hock is a private investor and currently serves on the boards of Aminex Therapeutics, a privately held clinical stage drug development company, the African Dream Initiative and the Texas Public Policy Foundation. She also serves on the Blanton Museum of Art National Leadership Board, The University of Texas at Austin McCombs MBA Advisory Board, and The University of Austin Board of Advisors. Ms. Hock previously held senior management positions in the software industry, including IBM’s WebSphere Software Services business. Ms. Hock received her B.S. in Computer Science and Electrical Engineering from the Massachusetts Institute of Technology, and her M.B.A from the University of Texas in Austin.
ABOUT BRIGHAM MINERALS, INC.
Brigham Minerals is an Austin, Texas, based company that acquires and actively manages a portfolio of mineral and royalty interests in the core of some of the most active, highly economic, liquids-rich resource basins across the continental United States. Brigham Minerals’ assets are located in the Permian Basin in Texas and New Mexico, the SCOOP and STACK plays in the Anadarko Basin of Oklahoma, the DJ Basin in Colorado and Wyoming, and the Williston Basin in North Dakota. The Company’s primary business objective is to maximize risk-adjusted total return to its shareholders by both capturing organic growth in its existing assets as well as leveraging its highly experienced technical evaluation team to continue acquiring minerals.
Cautionary Statement Concerning Forward-Looking Statements
This press release contains forward-looking statements. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. Without limiting the generality of the foregoing, forward-looking statements contained in this press release specifically include the expectations of plans, strategies, objectives and anticipated financial and operating results of the Company, including the Company's production and other guidance within this press release. These statements are based on certain assumptions made by the Company based on management’s experience and perception of historical trends, current conditions, anticipated future developments and other factors believed to be appropriate. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company, which may cause actual results to differ materially from those implied or expressed by the forward-looking statements. These include, but are not limited to, continued downturns or delays in resuming operator activity due to commodity price fluctuations, the Company’s ability to integrate acquisitions into its existing business, changes in oil, natural gas and NGL prices, weather and environmental conditions, the timing of planned capital expenditures, availability of acquisitions, operational factors affecting the commencement or maintenance of producing wells on the Company’s properties, the condition of the capital markets generally, as well as the Company’s ability to access them, the proximity to and capacity of transportation facilities, and uncertainties regarding environmental regulations or litigation, global or national health events, including the ongoing spread and economic effects of the ongoing COVID-19 pandemic, potential future pandemics, the actions of the Organization of Petroleum Exporting Countries and other significant producers and governments and the ability of such producers to agree to and maintain oil price and production controls and other legal or regulatory developments affecting the Company’s business and other important factors. These and other applicable uncertainties, factors and risks are described more fully in the Company's filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended December 31, 2020, and any subsequently filed Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, Should one or more of these risks or uncertainties occur, or should underlying assumptions prove incorrect, the Company’s actual results and plans could differ materially from those expressed in any forward-looking statements.
Any forward-looking statement speaks only as of the date on which such statement is made and the Company undertakes no obligation to correct or update any forward-looking statement, whether as a result of new information, future events or otherwise except as required by applicable law.
At the Company:
Brigham Minerals, Inc.
Blake C. Williams
Chief Financial Officer
(512) 220-1500
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HOUSTON--(BUSINESS WIRE)--#HoustonPortAuthority--The Greater Houston Port Bureau (“Port Bureau”) is pleased to announce that Ric Campo, chairman of the Port Commission of the Port of Houston Authority (“Port Houston”), has been named the 2022 Maritime Leader of the Year. Campo will be honored at the Port Bureau’s Annual Maritime Dinner on August 20, 2022. The Port Bureau Board of Directors named Campo as the 2022 honoree for his steadfast commitment to improving the greater Houston port region.
“The Port Bureau is honored to name Ric Campo as the 2022 Maritime Leader of the Year. Chairman Campo is dedicated to working together to improve the greater Houston port region, and he has become a focal point for others to become involved,” said Bernt Netland, chairman of the Greater Houston Port Bureau.
Campo was appointed as chairman of the Port Commission in January 2019 by the City of Houston and Harris County Commissioners Court. Since his appointment, Campo has dedicated his efforts to working with industry and the community to forward Houston Ship Channel and port improvements, balancing economic growth and environmentally sustainable initiatives. Project 11, the widening and deepening of the of the Houston Ship Channel, further ensures continued economic prosperity and job growth for the region.
Campo is chairman of the board and chief executive officer of Camden Property Trust and has served in this capacity since May 1993. He also serves on the board of directors of several organizations that focus on the economic development, business outlook and future growth of Houston, including Central Houston, Inc., and the Greater Houston Partnership. Campo is the past chairman of the Houston First Corporation, a local government corporation that facilitates the city’s economic growth through the business of conventions and the arts. He also was past chairman of the Houston Super Bowl LI Host Committee.
Port Houston oversees the eight public wharves and terminals along the Houston Ship Channel, including the area’s largest breakbulk facility and two of the most efficient container terminals in the country. Port Houston is the advocate and a strategic leader of the channel.
The Houston Ship Channel is the nation’s busiest waterway. Collectively, the more than 200 private and public terminals along the 52-mile channel make the area the nation’s largest port for waterborne tonnage and an essential economic engine for the Houston region, the state of Texas, and the U.S. Expansion of the Houston Ship Channel and improvements of the public facilities ensures its continued economic impacts.
Over 700 maritime, transportation, and industry professionals and their guests attend the Annual Maritime Dinner to recognize maritime leaders or companies that have exhibited outstanding leadership and support for the port region. Recent honorees include Jim Teague, Co-CEO of Enterprise Products, Shell Oil Company, Port Houston Commission Chairman Janiece Longoria, ExxonMobil, and Jim Black, president of Moran Shipping Agencies, Inc.
The Annual Maritime Dinner is supported by Queen of the Fleet Sponsors Enterprise Products Partners and Kinder Morgan. Proceeds from the Annual Maritime Dinner support the Port Bureau’s regional maritime advocacy efforts. Table and sponsorship opportunities and additional information are available online at www.txgulf.org/annual-dinner.
About the Greater Houston Port Bureau
The Greater Houston Port Bureau helps over 250 member companies work together to promote cooperation and efficiency within the maritime community by providing vessel information, port information, networking, and advocacy. For more information, visit www.txgulf.org or call 713-678-4300.
Annual Maritime Dinner Inquiries:
Tanya Scott
Greater Houston Port Bureau
713-678-4300
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Continues Transformation Focused on Guest Experience and Business Growth
WESTLAKE, Ohio--(BUSINESS WIRE)--TravelCenters of America Inc. (Nasdaq: TA) is celebrating 50 years of providing a home away from home for professional drivers and providing meals, fuel and merchandise for communities and highway travelers. TA continues to deliver on its transformation plans focused on upgrading the guest experience, growing the company and creating long-term shareholder value. Expanded restaurant options, remodeled sites, new travel center openings, technology upgrades, a growing franchise base and a plan to bring alternative energy resources to the marketplace are key initiatives that have resulted in customers doing more business with TA.
“As we enter our 50th anniversary year, our commitment to transform TA for our guests and shareholders is stronger than ever,” said Jon Pertchik, Chief Executive Officer of TA. “We are in the early stages of the transformation and have exciting plans for 2022; we are working hard to ensure we are here to serve all highway travelers for the next 50 years.”
Guest Experience
Improving the guest experience is a priority and plans include a robust capital investment strategy focused on travel center upgrades, reimagined food concepts and technology improvements. TA plans to upgrade over 100 sites by the end of 2022, with enhancements that include renovated restrooms, upgraded showers, more comfortable driver lounges, repaved parking lots, improved signage, new store flow and new lighting fixtures, paint and flooring.
TA will focus on food variety and restaurant options in 2022, with plans to open several new full-service and quick-service restaurants, and over 20 “The Kitchen” concepts, providing freshly prepared food, packaged meals and snacks. TA is focused on providing a variety of healthy options that appeal to both professional drivers and motorists.
In addition, TA will implement digital enhancements, including mobile payment options, self-checkout and developments to its TruckSmart mobile app.
Network Growth
In 2021, TA opened five new locations, one new TA Truck Service Center and signed 26 franchise agreements. In 2022, TA expects to open 13 franchised travel centers and one company-owned location, hold a grand re-opening of a reconstructed site and grow its TA Truck Service presence.
Upgrading Technology
TA is also refreshing core systems and infrastructure to drive operational efficiencies and improve resiliency. In 2022, the company is focusing on several initiatives including refreshing site technology infrastructure and core business platforms with cloud-based solutions, and enhancing data security and analytics, including Artificial Intelligence for fuel management.
Alternative Energy and Sustainability
In 2022, TA expects to expand diesel exhaust fluid (DEF) availability to all diesel lanes across its network, install additional biodiesel blending infrastructure and offer more EV charging stations. TA also plans to launch an innovative test project with the California Energy Commission, which will include designing, developing and deploying a distributed energy resource to power energy storage and EV charging solutions. In addition, TA continues plans to offer hydrogen fueling in California in collaboration with Nikola Corporation for heavy duty trucks.
50th Anniversary
In honor of its 50th anniversary, TA will hold several 50th anniversary-themed special events for its guests including unique offers such as 1970s pricing on certain products, music concerts at several sites in the Fall and guest contests through its mobile app and on social media.
About TravelCenters of America
TravelCenters of America Inc. (Nasdaq: TA) is the nation's largest publicly traded full-service travel center network. Founded in 1972 and headquartered in Westlake, Ohio, its more than 18,000 team members serve guests in over 275 locations in 44 states and Canada, principally under the TA®, Petro Stopping Centers® and TA Express® brands. Offerings include diesel and gasoline fuel, truck maintenance and repair, full-service and quick-service restaurants, travel stores, car and truck parking and other services dedicated to providing great experiences for its guests. TA is committed to sustainability, with its specialized business unit, eTA, focused on sustainable energy options for professional drivers and motorists, while leveraging alternative energy to support its own operations. TA operates over 600 full-service and quick-service restaurants and nine proprietary brands, including Iron Skillet® and Country Pride®. For more information, visit www.ta-petro.com.
Warning Concerning Forward-Looking Statements
This press release contains statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other securities laws. Whenever TA uses words such as "believe," "expect," "anticipate," "intend," "plan," "estimate," "will," "may" and negatives or derivatives of these or similar expressions, TA is making forward-looking statements. These forward-looking statements are based upon TA's present intent, beliefs or expectations, but forward-looking statements are not guaranteed to occur and may not occur. Actual results may differ materially from those contained in or implied by TA's forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and other factors, some of which are beyond TA's control. Among others, the forward-looking statements which appear in this press release that may not occur include:
The information contained in TA's periodic reports, including TA's Annual Report on Form 10-K for the year ended December 31, 2020, which has been filed with the U.S. Securities and Exchange Commission, or SEC, and TA's Quarterly Reports on Form 10-Q for the periods ended March 31, 2021, June 30, 2021 and September 30, 2021, which have been or will be filed with the SEC, under the caption "Risk Factors," or elsewhere in those reports, or incorporated therein, identifies other important factors that could cause differences from TA's forward-looking statements. TA's filings with the SEC are available on the SEC's website at www.sec.gov.
You should not place undue reliance upon forward-looking statements. Except as required by law, TA does not intend to update or change any forward-looking statement as a result of new information, future events or otherwise.
Media:
Tina Arundel
440-250-4758
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Investor:
Kristin Brown
617-231-3259
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