DUBLIN--(BUSINESS WIRE)--The "Global Wind Energy Market Research and Forecast, 2022-2028" report has been added to ResearchAndMarkets.com's offering.
The global wind energy market is growing at a CAGR of 8.9% during the forecast period.
Companies Mentioned
The major factors that are augmenting the growth of the wind energy market include environmental concerns, unstable crude prices, and the need for alternative energy sources. Increased carbon emission due to fossil fuel is a key factor behind the growth of the renewable energy market. Due to this, the governments of various nations are offering subsidies and encouragement to wind energy projects.
However, certain factors are affecting the growth of the market. The high cost of materials used for the production of rotor blades, logistic technical hitches, wind structures, and wind turbines are some of the major restraining factors for the market growth. However, modern utility-scale rotor blades and wind turbines are grown in size to reduce the Levelized cost of electricity (LCOE) and increase energy capture. As per the International Renewable Energy Agency (IRENA), between the period of 2010 and 2019, the cost of onshore wind has decreased by 23% and 10% for offshore wind.
Segmental Outlook
The wind energy market is segmented on the basis of equipment type and project type. By equipment, the market is segmented into turbines, electricity generators, windmill towers, control equipment, and others. Further, based on the project, the market is segmented into offshore projects and onshore projects.
Global Wind Energy Market Share by Equipment Market
Witnessing the historical trends, the onshore segment is expected to hold a major market share all across the globe during the forecast period. As per the REN21 (a think tank) report, in 2019 a growth of around 19.0% was recorded in wind energy with an installation of 60 GW globally. Out of this, around 54 GW was onshore, and the rest 6 GW was offshore. 2019 registered the second-largest growth in wind energy installation in 2019.
Regional Outlooks
The global wind energy market is analyzed on the basis of the geographical regions that are contributing significantly towards the growth of the market. On the basis of geography, the market is divided into North America, Europe, Asia Pacific, and the Rest of the World. In North America, the US is expected to hold a major market share. Massachusetts, a state of the US alone has a target of installing 1.6 GW offshore wind power by 2027.
Europe is also expected to hold a major market share. European country's individual target will contribute significantly to the region's market share. For instance, Germany has a target to install a wind capacity of 67 to 71 GW by 2030 with a tender of 2.9 GW per year after 2019. UK has a target of establishing 39 GW by 2030.
Global Wind Energy Market Growth, by Region
Asia-Pacific is expected to witness significant growth with a considerable market share during the forecast period. As per the Global Wind Energy Council, China is expected to be the largest wind energy market with 1,789 GW of wind power installation by 2050. It is due to the Chinese government's investment in renewable energy primarily as it allows the country to handle problems of water and air pollution.
The Report Covers
For more information about this report visit https://www.researchandmarkets.com/r/ddg3gm
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Project Latest Example of ComEd’s Efforts to Develop Grid Innovations to Reduce Carbon Emissions and Air Pollution
CHICAGO--(BUSINESS WIRE)--ComEd, in partnership with North Carolina State University’s FREEDM Systems Center, has been awarded a $200,000 federal research and development grant from the U.S. Department of Energy (DOE) to help fund a $5 million research project focused on improving the efficiency of, and reducing the cost of, extreme fast charging (XFC) for electric vehicles (EVs).
“The growth of electric vehicles has the potential to reduce harmful emissions and improve air quality for everyone, regardless of if they drive or ride in an electric vehicle, but the time it takes to fully charge an electric vehicle can be a deterrent to consumers,” said Michelle Blaise, SVP of Technical Services at ComEd. “ComEd’s engineers are industry-leading innovators, and we’re honored to contribute our expertise and resources to find new technical solutions that will convince more consumers to switch to an EV.”
XFC will allow EV owners to charge their vehicles at a much faster rate than a Level 1 or Level 2 EV charger. Level 1 chargers, which rely on standard 120V outlets and alternating current, are the slowest available charging method, taking approximately 50 hours to charge a standard 70kWh EV battery. Level 2 chargers utilize 240V outlets and require approximately 7.5 hours to fully charge a standard 70kWh battery.
The XFC charger this project seeks to develop and demonstrate will be an ultra-low cost, all-silicon carbide modular power converter for direct current charging equipment which can connect directly to a medium voltage distribution system. With power capabilities of 300kWh, these chargers target reducing the time to fully charge a standard 70kWh EV battery to as little as 15 minutes.
“The goal of this new project is to bring extreme fast charging much closer to market realization and support the continued adoption of electric vehicles by reducing consumers’ charge anxiety,” said Srdjan Lukic, Ph.D., NC State professor, deputy director of FREEDM and Principal Investigator for the project. “We could not achieve that without collaboration from project partners like ComEd.”
The project will be broken into two phases focused on cost analysis & system development and system demonstration, respectively. After the charging systems have been developed, ComEd’s Grid Integration and Technology (GrIT) Lab in Maywood, Ill., will serve as the initial testing location for this new technology—providing an independent validation of the XFC system performance. ComEd will also support phase two of the project by identifying ideal locations on the distribution grid to demonstrate this technology, unlocking the potential for wider deployment.
The full $5 million XFC EV development and demonstration project is funded through collaborator cost shares including $200,000 from ComEd. Additional collaborators on this project include Danfoss, GoTriangle, New York Power Authority and North Carolina Clean Energy Technology Center.
The ComEd GrIT Lab reinforces ComEd’s commitment to supporting the grid of the clean energy future for its customers. The lab focuses on the impacts increased levels of renewable and beneficial electrification technologies will have on the grid. Previous projects from the GrIT Lab include the Bronzeville Community Microgrid, the first utility-operated microgrid cluster powered by DERs and controllable gas generation, and the ComEd Distribution Linear State Estimator, a software application that processes field data to estimate system voltages, currents, and electrical power flows for the distribution grid to enhance remote system monitoring and control capabilities.
Commonwealth Edison Company (ComEd) is a unit of Chicago-based Exelon Corporation (NASDAQ: EXC), the nation’s leading competitive energy provider, with approximately 10 million customers. ComEd provides service to approximately 4 million customers across northern Illinois, or 70 percent of the state’s population. For more information visit ComEd.com, and connect with the company on Facebook, Twitter, Instagram and YouTube.
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NASHVILLE, Tenn. & TEMPE, Ariz.--(BUSINESS WIRE)--Silicon Ranch, one of the nation’s largest independent power producers, and First Solar, Inc. (Nasdaq: FSLR), America’s largest solar manufacturer, have expanded the 4 gigawatt master supply agreement (MSA) that the partners announced in April 2022. To support its growing portfolio of contracted solar projects, Silicon Ranch has secured an additional 700 megawatts (MW) of advanced, responsibly produced, thin film photovoltaic (PV) solar modules, designed and developed in the United States.
The growing partnership between Silicon Ranch and First Solar dates back to 2015, when Silicon Ranch became the first owner-operator of PV plants to utilize First Solar technology on projects in the southeastern US. The expanded agreement reinforces a shared commitment by both best-in-class solar businesses to increase domestic supply and promote lower-carbon production processes. The emphasis on securing American solar technology enables Silicon Ranch to support US innovation, manufacturing expansion and job creation; improve the carbon footprint of its supply chain; and reduce volatility and logistics risks.
Notably, this expansion represents the latest partnership development for Silicon Ranch that supports domestic infrastructure. In addition to its significant long-term agreements with First Solar, the company has recently announced new agreements with strategic US partners, including one with Nextracker to improve the carbon footprint of its tracker supply, while supporting additional investments in US manufacturing capabilities. Silicon Ranch maintains a consistent feedback loop with its strategic partners, including First Solar, to leverage its experience as a long-term owner and operator to provide critical insights in an effort to advance robust designs and elevate industry standards.
“One of our guiding principles at Silicon Ranch is that we choose the right path over the easier path to get the job done, and this agreement with First Solar represents the ‘right path’ for our module supply,” said Reagan Farr, co-founder and chief executive officer at Silicon Ranch. “In recent months, Silicon Ranch has re-affirmed our leadership in supporting US solar manufacturers and decarbonizing our supply chain, and we are pleased to achieve this progress by working collaboratively with our strategic partners to deliver the best possible power plants to serve our customers and communities across the US.”
“Since the beginning of our relationship, it has been clear that Silicon Ranch places genuine emphasis on responsible solar development, and with the lowest carbon and water footprint of any commercially available PV technology, First Solar delivers reliable and responsibly produced modules right in line with this vision,” said Georges Antoun, chief commercial officer at First Solar. “We are pleased to expand First Solar’s role as Silicon Ranch’s trusted partner with another long-term module supply agreement.”
About Silicon Ranch
Founded in 2011, Silicon Ranch is a fully integrated provider of customized renewable energy, carbon, and battery storage solutions for a diverse set of partners across North America. The company is one of the largest independent power producers in the country, with a portfolio that includes more than five gigawatts of solar and battery storage systems that are contracted, under construction, or operating across the US and Canada. Silicon Ranch owns and operates every project in its portfolio and has maintained an unblemished track record of project execution, having successfully commissioned every project it has contracted in its history. Silicon Ranch has the largest utility-scale agrivoltaics portfolio in the country under Regenerative Energy®, its nationally recognized holistic approach to project design, construction, and land management. This model incorporates regenerative ranching and other regenerative land management practices to restore livelihoods and soil health, biodiversity, and water quality. In 2021, Silicon Ranch acquired Clearloop, which helps businesses of all sizes reclaim their carbon footprint with a direct investment in building new solar projects while helping to bring renewable energy and economic development to distressed communities. To learn more, visit siliconranch.com, regenerativeenergy.org, and clearloop.us. Follow Silicon Ranch on Facebook, Instagram, Twitter, and LinkedIn.
About First Solar, Inc.
First Solar is a leading American solar technology company and global provider of responsibly produced eco-efficient solar modules advancing the fight against climate change. Developed at R&D labs in California and Ohio, the company’s advanced thin film photovoltaic (PV) modules represent the next generation of solar technologies, providing a competitive, high-performance, lower-carbon alternative to conventional crystalline silicon PV panels. From raw material sourcing and manufacturing through end-of-life module recycling, First Solar’s approach to technology embodies sustainability and a responsibility towards people and the planet. For more information, please visit www.firstsolar.com.
For First Solar Investors
This release contains forward-looking statements which are made pursuant to safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements concerning 1) an order for 700 MWDC of solar modules for Silicon Ranch Corporation and 2) a previously announced Module Sale Agreement for 4 GWDC of solar modules for Silicon Ranch Corporation. These forward-looking statements are often characterized by the use of words such as “estimate,” “expect,” “anticipate,” “project,” “plan,” “intend,” “seek,” “believe,” “forecast,” “foresee,” “likely,” “may,” “should,” “goal,” “target,” “might,” “will,” “could,” “predict,” “continue” and the negative or plural of these words and other comparable terminology. Forward-looking statements are only predictions based on our current expectations and our projections about future events and therefore speak only as of the date of this release. You should not place undue reliance on these forward-looking statements. We undertake no obligation to update any of these forward-looking statements for any reason, whether as a result of new information, future developments or otherwise. These forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause our actual results, levels of activity, performance, or achievements to differ materially from those expressed or implied by these statements. These factors include, but are not limited to, the matters discussed under the captions “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” of our most recent Annual Report on Form 10-K and our subsequently filed Quarterly Reports on Form 10-Q, as supplemented by our other filings with the Securities and Exchange Commission.
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Honoring the late Anthony J. DeToto Sr., the award will benefit groups supporting veterans
FORT WORTH, Texas--(BUSINESS WIRE)--#Energy--A $1 million donation has been pledged to the NAPE Expo Charities Fund for the creation of the NAPE Charities American Hero Award. The inaugural award will be given in honor of the late Anthony J. DeToto Sr., known for his tireless support of U.S. veterans. In subsequent years, it will bear his name: the NAPE Charities Anthony J. DeToto American Hero Award.
Given in $100,000 annual increments over the next decade, the donation for the award comes from an anonymous group of America’s energy producers in honor of DeToto’s legacy. The funds will benefit veterans groups supported by the NAPE Expo Charities Fund.
“A true American hero, Anthony DeToto never wavered on the commitment he made as a West Point graduate to provide a lifetime of service to our country. He was a past attendee of NAPE Charities Luncheons and shared NAPE’s passion for supporting our veterans, which makes this award especially fitting,” said Brian Melton, a longtime friend and colleague.
The NAPE Expo Charities American Hero Award will be officially announced during the upcoming NAPE Classic Plus event. DeToto’s legacy and the inaugural inductees of the NAPE Hall of Fame will be honored at the NAPE 30th Anniversary Kickoff Party at Houston’s Saint Arnold Brewing Company on Oct. 25. To register, visit napeexpo.com/nape-classic.
The award will be presented to DeToto’s family at the Feb. 2, 2023, NAPE Charities Luncheon, which will feature former Secretary of Defense Mark Esper as keynote speaker. To register, visit napeexpo.com/summit.
After graduation from the U.S. Military Academy at West Point and officer training, DeToto was stationed in Germany where he led two platoons and then commanded an engineer company when he was deployed to Kuwait in 1993 with the 3rd Infantry Division, 2-37 Armor. He left active-duty service in 1999, joining the National Guard and then the Army Reserves while also running the West Point Military Liaison Officer program for the state of Connecticut. Following his military career, DeToto worked in wealth management, most recently as senior vice president and private client advisor within Bank of America Private Bank in Houston.
DeToto’s various roles supporting the military community included serving as the civilian aide to the Secretary of the Army (East Texas Region). He also was president of the West Point Society of San Francisco and Dallas and spoke across the nation advocating veterans initiatives.
Since 2009, NAPE Charities has donated more than $5.25 million to help nonprofit organizations that support U.S. veterans. A full 100% of the funds raised by the NAPE Expo Operators Committee from energy industry partners are donated directly to deserving charities selected by the NOC. The 2023 NAPE Expo Charities Fund grant recipients are Rebuilding America’s Warriors, PenFed Foundation and TADSAW Inc. (Train a Dog — Save a Warrior).
NAPE Charities donations are made possible thanks to the support of the NAPE Operators Committee, NAPE sponsoring companies and other generous donors. In 2019, the same group of America’s energy producers pledged a $1 million donation in honor of the late President George H.W. Bush. The donation is being distributed in $100,000 increments over a 10-year period.
About NAPE
The largest energy prospect expo in the world, NAPE was founded in 1993 by the American Association of Professional Landmen and now also includes the Independent Petroleum Association of America, Society of Exploration Geophysicists and American Association of Petroleum Geologists as partner hosts. The annual NAPE Summit brings together prospects and all the key players needed to evaluate, facilitate and execute deals. The 2023 NAPE Summit will be held Feb. 1-3 at the George R. Brown Convention Center in Houston. To stay connected on all things NAPE, please visit NAPEexpo.com and follow NAPE on Twitter @NAPE_EXPO, Facebook @NAPEexpo, Instagram @napeexpo and LinkedIn.
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DUBLIN--(BUSINESS WIRE)--The "Global Generator Market in the Healthcare Sector 2022-2026" report has been added to ResearchAndMarkets.com's offering.
The generator market in the healthcare sector is poised to grow by $868.87 mn during 2022-2026, accelerating at a CAGR of 2.76% during the forecast period. The report on the generator market in the healthcare sector provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis of the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by unreliable power grid infrastructure in developing countries, increasing incidence of natural calamities, and shift to gas generators.
The generator market in the healthcare sector analysis includes type segment and geographic landscape.
The generator market in the healthcare sector is segmented as below:
By Type
By Geographical Landscape
This study identifies the technological advances in generators as one of the prime reasons driving the generator market in the healthcare sector growth during the next few years. Also, the advent of Bluetooth-enabled generators and the development of new stationary generators will lead to sizable demand in the market.
The report on the generator market in the healthcare sector covers the following areas:
Key Topics Covered:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Type
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/2s7thq
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IRVING, Texas--(BUSINESS WIRE)--ExxonMobil and its affiliates have reached an agreement with Par Pacific Holdings for the sale of the Billings refinery and select midstream assets in Montana and Washington.
The sales agreement includes the Silvertip pipeline, ExxonMobil’s interest in the Yellowstone pipeline and Yellowstone Energy LP, and its interests in product terminals in both states.
“ExxonMobil is focused on investing in facilities where we can manufacture higher-value products such as lubricants and chemicals,” said Karen McKee, president of ExxonMobil Product Solutions. “We have proudly operated the Billings refinery since 1949 and we thank our more than 300 talented employees for their dedicated service.”
Employees directly supporting these assets will be offered positions at Par Pacific. ExxonMobil remains focused on safe and reliable operations and ensuring compliance with commitments made to customers and the relevant government agencies and regulators.
ExxonMobil will work with Par Pacific to carefully manage the transition with dedicated teams assigned to maintain customer, vendor, personnel, community relations and environmental protection, subject to applicable law.
Par Pacific has agreed to continue to supply Exxon- and Mobil-branded service stations in the region.
The transaction is expected to close in the second quarter of 2023, subject to standard conditions and applicable legal requirements, including approval from regulatory authorities.
About ExxonMobil
ExxonMobil, one of the largest publicly traded international energy and petrochemical companies, creates solutions that improve quality of life and meet society’s evolving needs.
The corporation’s primary businesses - Upstream, Product Solutions and Low Carbon Solutions - provide products that enable modern life, including energy, chemicals, lubricants, and lower-emissions technologies. ExxonMobil holds an industry-leading portfolio of resources, and is one of the largest integrated fuels, lubricants and chemical companies in the world. To learn more, visit exxonmobil.com and the Energy Factor.
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Statements of future events, strategic plans or future payments in this release are forward-looking statements. Actual future results, including future business plans and closing of the sale and purchase agreements, could differ materially due to changes in market conditions affecting the oil and gas industry or long-term oil and gas price levels; political or regulatory developments; granting of regulatory approvals for the closing of the agreements; satisfaction of other conditions specified in the agreements; current or future market values and performance of assets; and other factors cited under the caption “Factors Affecting Future Results” on the Investors page of our website at exxonmobil.com. We assume no duty to update these statements as of any future date.
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Current U.S. infrastructure is in major need of upgrades; significant investment by governments is already in motion, incentivizing green infrastructure initiatives.
Energy transition has been the early focus of investors, but there are multiple sectors within the green infrastructure space. RNEW is designed to provide diversified exposure.
NEW YORK--(BUSINESS WIRE)--VanEck today announced the launch of VanEck Green Infrastructure ETF (NASDAQ: RNEW), an equity ETF offering exposure to the leading companies that are poised to drive and benefit from increased investment in efforts to make U.S. infrastructure more “green” and sustainable.
“The state of the U.S.’s infrastructure is in need of renewal and an upgrade in order to support a growing population and the goals of environmental sustainability and climate resiliency. In fact, the American Society of Civil Engineers gave the U.S. a C- grade for its overall infrastructure in 2021, with sub-sectors including energy, hazardous waste and transit all earning D+ grades or worse,” said Michael Cohick, Director of Product Management with VanEck. “Fortunately, government initiatives and private sector innovations are providing potential opportunities for investors to participate in this long-term trend. We’re very pleased to be launching RNEW, with its ability to effectively target sustainable infrastructure companies broadly.”
RNEW seeks to track the Indxx US Green Infrastructure - MCAP Weighted Index (IUGIMWT, “the Index”) and is designed to offer exposure to a diversified portfolio of U.S. companies with revenues primarily generated from sustainable infrastructure businesses across a handful of key themes and sub-themes: environmental waste (including pollution control and waste management), building (including green constructions), and green energy and transportation (green energy and fuel, green transportation, and green infrastructure and equipment).
To be eligible for Index inclusion, companies must generate at least 50% of their revenues from green infrastructure activities, be domiciled in the U.S. and have a market cap of at least $500 million. The portfolio weighting caps sub-themes at 30% and specific equities at 5%.
“Up to this point, the majority of investor focus around green infrastructure has been in what we would term the ‘traditional’ sectors, such as transportation and industry,” said Cohick. “But there are numerous innovations taking place around green initiatives in power storage, construction, waste management and more that will drive the next iteration and evolution of U.S. infrastructure.”
“In August 2022, the U.S. massively increased the tax incentives on domestic clean energy projects through the Inflation Reduction Act,” said Rahul Sen Sharma, Managing Partner at Indxx. This, combined with the allocations in the Infrastructure Investment and Jobs Act account for over half a trillion dollars in new climate action and related infrastructure project spending. We believe that this represents the start of a long-term shift towards sustained green infrastructure investment and growth here in the U.S. We are excited to partner with VanEck, to help investors target this opportunity through the listing of RNEW.”
VanEck also points to the significant commitments and investments already being made in these areas by both Federal and State governments in the U.S., with the Inflation Reduction Act alone providing $130 billion in funds to incentivize green infrastructure initiatives, including tax credits for solar and EV purchases, grants and loans for sustainable energy capital expenditures and both grants and tax credits for a wide array of decarbonization projects.
RNEW joins a set of strategies from VanEck focused on sustainable equity and fixed income exposures, including VanEck Low Carbon Energy ETF (SMOG), VanEck Green Bond ETF (GRNB), VanEck HIP Sustainable Muni ETF (SMI), VanEck Green Metals ETF (GMET), VanEck Future of Food ETF (YUMY) and the actively managed VanEck Sustainability Fund (ENVYX).
The VanEck team provides regular updates and insights on their sustainability solutions and research, which can be accessed here.
About VanEck
VanEck has a history of looking beyond the financial markets to identify trends that are likely to create impactful investment opportunities. We were one of the first U.S. asset managers to offer investors access to international markets. This set the tone for the firm’s drive to identify asset classes and trends – including gold investing in 1968, emerging markets in 1993, and exchange traded funds in 2006 – that subsequently shaped the investment management industry.
Today, VanEck offers active and passive strategies with compelling exposures supported by well-designed investment processes. As of September 30, 2022, VanEck managed approximately $60.8 billion in assets, including mutual funds, ETFs and institutional accounts. The firm’s capabilities range from core investment opportunities to more specialized exposures to enhance portfolio diversification. Our actively managed strategies are fueled by in-depth, bottom-up research and security selection from portfolio managers with direct experience in the sectors and regions in which they invest. Investability, liquidity, diversity, and transparency are key to the experienced decision-making around market and index selection underlying VanEck’s passive strategies.
Since our founding in 1955, putting our clients’ interests first, in all market environments, has been at the heart of the firm’s mission.
Important Disclosures
Indxx US Green Infrastructure - MCAP Weighted Index (IUGIMWT) tracks the performance of those companies that are involved in the production, transmission, or distribution of green energy and/or are engaged in business activities that seek to establish a sustainable infrastructure to facilitate the holistic use of green energy and positively impact the environment.
“Indxx” is a service mark of Indxx and has been licensed for use for certain purposes by the Adviser. The Fund is not sponsored, endorsed, sold or promoted by Indxx. Indxx makes no representation or warranty, express or implied, to the owners of the Fund or any member of the public regarding the advisability of investing in securities generally or in the Fund particularly. Indxx has no obligation to take the needs of the Adviser or the shareholders of the Fund into consideration in determining, composing or calculating the Underlying Indices. Indxx is not responsible for and has not participated in the determination of the timing, amount or pricing of the Fund shares to be issued or in the determination or calculation of the equation by which the Fund shares are to be converted into cash. Indxx has no obligation or liability in connection with the administration, marketing or trading of the Fund.
An investment in the VanEck Green Infrastructure ETF may be subject to risks which include, among others, green infrastructure companies, green energy companies, environmental services industry, green investing strategy, industrials sector, consumer discretionary sector, utilities sector, technology sector, equity securities, small- and medium-capitalization companies, market, operational, index tracking, authorized participant concentration, new fund, absence of prior active market, trading issues, passive management, fund shares trading, premium/discount and liquidity of fund shares, non-diversified and concentration risks, all of which may adversely affect the Fund. Small- and medium-capitalization companies may be subject to elevated risks.
An investment in the VanEck Low Carbon Energy ETF may be subject to risks which include, among others, investing in low carbon energy companies, investing in Asian, Chinese and European issuers, foreign securities, emerging market issuers, foreign currency, depository receipts, utilities, consumer discretionary, industrials and information technology sectors, small- and medium-capitalization companies, cash transactions, equity securities, market, operational, index tracking, authorized participant concentration, no guarantee of active trading market, trading issues, passive management, fund shares trading, premium/discount risk and liquidity of fund shares, non-diversified and concentration risks, all of which may adversely affect the Fund. Foreign investments are subject to risks, which include changes in economic and political conditions, foreign currency fluctuations, changes in foreign regulations, and changes in currency exchange rates which may negatively impact the Fund's return. Small- and medium-capitalization companies may be subject to elevated risks.
An investment in the VanEck Green Bond ETF may be subject to risks which include, among others, green bonds, investing in Asian, Chinese, European, and emerging market issuers, foreign securities, foreign currency, credit, interest rate, floating rate, floating rate LIBOR, high yield securities, supranational bond, government-related bond, restricted securities, securitized/asset-backed securities, financials sector, utilities sector, market, operational, call, sampling, index tracking, authorized participant concentration, no guarantee of active trading market, trading issues, passive management, fund shares trading, premium/discount and liquidity of fund shares, and concentration risks, all of which may adversely affect the Fund.
An investment in the VanEck HIP Sustainable Muni ETF may be subject to risks which include, among others, risks related to sustainable impact investing strategy, municipal securities, credit, interest rate, call, data, California, New York, education bond , health care bond, housing bond, transportation bond, active management, operational, authorized participant concentration, no guarantee of active trading market, trading issues, market, fund shares trading, premium/discount and liquidity of fund shares, non-diversified, and state concentration risks, all of which may adversely affect the Fund. Municipal bonds may be less liquid than taxable bonds. There is no guarantee that the Fund's income will be exempt from federal, state or local income taxes, and changes in those tax rates or in alternative minimum tax rates or in the tax treatment of municipal bonds may make them less attractive as investments and cause them to lose value. Capital gains, if any, are subject to capital gains tax. The Fund's assets may be concentrated in a particular sector and may be subject to more risk than investments in a diverse group of sectors.
An investment in the VanEck Green Metals ETF may be subject to risks which include, among others, risks related to investing in green metals, clean energy companies, regulatory action and changes in governments, rare earth and strategic metals companies, Australian Asian, European and Chinese issuers, investing through stock connect, foreign securities, emerging market issuers, foreign currency, basic materials sector, mining industry, small- and medium-capitalization companies, cash transactions, equity securities, market, operational, index tracking, authorized participant concentration, no guarantee of active trading market, trading issues, passive management, fund shares trading, premium/discount and liquidity of fund shares, non-diversified, and concentration risks which may make these investments volatile in price or difficult to trade. Small- and medium-capitalization companies may be subject to elevated risks.
An investment in the VanEck Future of Food ETF may be subject to risks which include, among others, risk of investing in agri-food technology and innovation food companies, equity securities, investing in small- and medium-capitalization companies, basic materials, industrials and consumer staples sectors, investing in European issuers, foreign securities, foreign currency, management, market, operational, authorized participant concentration, new fund, absence of prior active market, trading issues, fund shares trading, premium/discount and liquidity of fund shares, non-diversified, initial public offerings, special purpose acquisition companies, and concentration risks, which may make these investments volatile in price or difficult to trade. Small- and medium capitalization companies may be subject to elevated risks.
You can lose money by investing in the VanEck Sustainability Fund. Any investment in the Fund should be part of an overall investment program, not a complete program. An investment in the Fund may be subject to risks which include, among others, investing in derivatives, equity securities, emerging market securities. environmental–related securities, foreign currency transactions, foreign securities, investments in other investment companies, management, market, new fund risk, non–diversification, operational, sectors, small and medium capitalization companies, special purpose acquisition companies. Small- and medium-capitalization companies may be subject to elevated risks.
The Fund’s sustainability strategy may result in the Fund investing in securities or industry sectors that underperform other securities or underperform the market as a whole, and may result in the Fund being unable to take advantage of certain investment opportunities, which may adversely affect investment performance. The Fund is also subject to the risk that the companies identified by the Adviser do not operate as expected when addressing sustainability issues. Regulatory changes or interpretations regarding the definitions and/or use of sustainability criteria could have a material adverse effect on the Fund’s ability to invest in accordance with its sustainability strategy.
Sustainable Investing Considerations: Sustainable investing strategies aim to consider and in some instances integrate the analysis of environmental, social and governance (ESG) factors into the investment process and portfolio. Strategies across geographies and styles approach ESG analysis and incorporate the findings in a variety of ways. Incorporating ESG factors or Sustainable Investing considerations may inhibit the portfolio manager’s ability to anticipate in certain investment opportunities that otherwise would be consistent with its investment objective and other principal investment strategies.
ESG investing is qualitative and subjective by nature, and there is no guarantee that the factors utilized by VanEck or any judgment exercised by VanEck will reflect the opinions of any particular investor. Information regarding responsible practices is obtained through voluntary or third-party reporting, which may not be accurate or complete, and VanEck is dependent on such information to evaluate a company’s commitment to, or implementation of, responsible practices. Socially responsible norms differ by region. There is no assurance that the socially responsible investing strategy and techniques employed will be successful. An investment strategy may hold securities of issuers that are not aligned with ESG principles.
ESG integration is the practice of incorporating material environmental, social and governance (ESG) information or insights alongside traditional measures into the investment decision process to improve long term financial outcomes of portfolios. Unless otherwise stated within an active investment strategy’s investment objective, inclusion of this statement does not imply that an active investment strategy has an ESG-aligned investment objective, but rather describes how ESG information may be integrated into the overall investment process.
Investing involves substantial risk and high volatility, including possible loss of principal. An investor should consider the investment objective, risks, charges and expenses of the Fund carefully before investing. To obtain a prospectus and summary prospectus, which contains this and other information, call 800.826.2333 or visit vaneck.com. Please read the prospectus and summary prospectus carefully before investing.
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Media:
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The Clean Energy Buyers Institute illuminates energy customer company demand for low-carbon materials and resulting action to advance preferences in clean energy procurement processes
WASHINGTON--(BUSINESS WIRE)--As companies continue to demonstrate critical leadership during the clean energy transition, demand has grown for strategies that optimize carbon impact along supply chains, including industrial emissions that are particularly difficult to reduce. The Clean Energy Buyers Institute’s (CEBI) Decarbonizing Industrial Supply Chain Energy (DISC-e) program, which was launched earlier this year, has engaged with more than 300 companies to accelerate the market for low-carbon industrial commodities illustrated in today’s White House announcement boosting clean manufacturing across the U.S.
From the products we use every day to buildings where we work and play to the critical components of a clean energy future, corporate leaders are taking actions to accelerate the market for low-carbon materials and manufacturing by using their purchasing power and voice.
“Industries must prioritize and lead the change to decarbonization,” said Mark Porter, vice president, Transmission Acceleration Group at the Clean Energy Buyers Institute (CEBI) and Clean Energy Buyers Association (CEBA). “Now is the time for energy customers to leverage market demand to establish low-carbon norms by engaging other industry leaders along the supply chain to truly optimize emissions.”
Industrial materials are the building blocks of modern life; leading companies are preferencing low-carbon inputs for their products. Meanwhile, building materials are the largest source of industrial emissions; corporate leadership matters:
The clean energy future is being built now; companies are taking action to ensure it is even cleaner:
The DISC-e program engages leading energy industry organizations to raise awareness about the impact of embodied carbon emissions and provides tools for private sector companies, including the recently released Low-carbon Building Materials Procurement Principles and a suite of low-carbon solar educational materials.
The Industrials and Materials sectors are increasingly active in the Clean Energy Buyers Association’s State of the Market 2022, which looks at all corporate clean energy purchases. More than 42 U.S.-based companies joined the nearly 500 global companies in the sector that have committed to, or set, an approved science-based target through the Science-based Targets initiative (SBTi) demonstrating the prioritization of carbon-free energy as of April 2022.
About Clean Energy Buyers Institute
The Clean Energy Buyers Institute (CEBI) is a 501c3 public charity that solves the toughest market and policy barriers to achieve a carbon-free energy system. CEBI’s aspiration is to achieve a 90% carbon-free U.S. electricity system by 2030 and a global community of customers driving clean energy. Visit cebi.org for more information.
Katie Boyer, This email address is being protected from spambots. You need JavaScript enabled to view it.
DUBLIN--(BUSINESS WIRE)--The "Ammonia Market Forecast by Capacity and Capital Expenditure (CapEx), Region, Top Countries and Companies, Feedstock, Key Planned and Announced Projects, 2022-2030" report has been added to ResearchAndMarkets.com's offering.
The global ammonia capacity is poised to see considerable growth over the upcoming years, potentially increasing from 238.41 million tonnes per annum (mtpa) in 2021 to 288.61 mtpa in 2030.
Around 102 planned and announced plants are slated to come online by 2030, primarily in the Former Soviet Union (FSU), Asia, and the Middle East. Among countries the major capacity additions are from China, Russia and the US with 67.9 mtpa, 20.7 mtpa, and 18.8 mtpa respectively.
Scope
Reasons to Buy
Key Topics Covered:
1. Global Ammonia Capacity and Capital Expenditure Outlook
1.1. Key Highlights
1.2. Major New Plant Announcements
1.3. Global Ammonia Capacity Contribution by Region
1.4. Global Ammonia Capacity Contribution by Active, Planned, and Announced Plants, 2022
1.5. Key Companies by Ammonia Capacity Contributions (% Share), 2021
1.6. Key Countries by Active Global Capacity Contributions to Ammonia Industry
1.7. Key Feedstocks by Capacity Contributions to Global Ammonia Industry
1.8. Capacity Contributions to Ammonia Industry by Feedstock
1.9. Regional Capacity Additions from Planned and Announced Plants
1.10. Key Countries' Capacity Additions from Planned and Announced Plants
1.11. Key Companies' Capacity Additions from Planned and Announced Plants
1.12. Regional Capex Spending on Planned and Announced Plants
1.13. Key Countries Capex Spending on Planned and Announced Plants
2. Key Global Planned and Announced Ammonia Plants
3. Appendix
3.1. Definitions
3.2. Abbreviations
3.3. Market Definition
3.4. Methodology
For more information about this report visit https://www.researchandmarkets.com/r/cca4uw
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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DENVER--(BUSINESS WIRE)--TransMontaigne Partners L.L.C. today announced the publication of its inaugural Sustainability Report.
"Sustainability has always been at the core of TransMontaigne’s business philosophy,” noted Fred Boutin, Chief Executive Officer. “This report reveals the effectiveness of our commitment to conduct our business in an ethically and socially responsible manner in order to ensure the safety and well-being of our employees, neighbors, and the environment. The essential logistical services we provide to the suppliers of bulk liquids help make possible the lifestyle enjoyed by most Americans."
In developing this report, we conducted a comprehensive assessment that was guided by the Sustainability Accounting Standards Board (SASB) standards for the Oil and Gas Midstream sector. The report is also influenced by other standards and framework providers, such as the Global Reporting Initiative (GRI), the Greenhouse Gas Protocol, and the Task Force on Climate-Related Financial Disclosure (TCFD).
TransMontaigne’s sustainability report is available on its website at https://www.transmontaignepartners.com/sustainability/sustainability-report/.
About TransMontaigne
TransMontaigne Partners LLC is an integrated terminaling, storage, transportation and related services company based in Denver, Colorado with operations in the United States along the Gulf Coast, in the Midwest, in Houston and Brownsville, Texas, along the Mississippi and Ohio rivers, in the Southeast, in the Pacific Northwest and along the West Coast. TransMontaigne provides integrated terminaling, storage, transportation and related services for customers engaged in the distribution and marketing of bulk liquids. TransMontaigne is controlled by its member, TLP Finance Holdings, LLC, which is an indirect wholly owned subsidiary of ArcLight Energy Partners Fund VI, L.P. News and additional information about TransMontaigne Partners LLC is available at: www.transmontaignepartners.com.
Forward-Looking Statements
This press release includes statements that may constitute forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. Although TransMontaigne believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, such statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause actual results to differ materially from TransMontaigne’s expectations and may adversely affect its business and results of operations are disclosed in “Item 1A. Risk Factors” in the TransMontaigne’s Annual Report on Form 10-K for the year ended December 31, 2021, filed with the Securities and Exchange Commission on March 31, 2022. Any forward-looking statement made by TransMontaigne in this press release is based only on information currently available to TransMontaigne and speaks only as of the date on which it is made. TransMontaigne undertakes no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.
TransMontaigne Partners L.L.C.
(303) 626-8200
HOUSTON--(BUSINESS WIRE)--Northeast Energy Center (NEC) and Chart Energy & Chemicals selected Siemens Energy to supply a gas/electric hybrid drive system for NEC’s LNG plant being built in Charlton, Massachusetts. The NEC project will be the first LNG facility in the world to feature a system of this type, which offers a significant advance in efficiency no matter the weather or temperature. Siemens Energy will serve as the single-source supplier of the integrated drive, providing all rotating equipment and associated control systems.
The hybrid drive system will combine a Siemens Energy low-emissions industrial gas turbine, integrally geared compressor, and electric motor-generator to ensure stable and efficient operation of the plant’s main refrigeration/liquefaction train throughout the year while slashing emissions, reducing costs, and increasing efficiency.
Available power from gas turbines decreases as the ambient temperature increases. As a result, units installed at industrial facilities are often oversized to ensure sufficient power during the hot and humid weather. However, the same gas turbine may generate much more power during cold time than is required, leading to reduced efficiency and increased emissions. The hybrid drive refrigeration compressor system being supplied for NEC offers a solution to this problem by combining an electric motor-generator with a gas turbine that features a dry-low emissions (DLE) design with lowest achievable NOx emissions levels. The same system allows NEC an active and powerful tool in demand side management and reduces its costs and the need to purchase power from the grid, while allowing the sale of power back to the utility.
The NEC project is strategically important to the security of energy supply of New England that depends on imported LNG. The NEC facility is expected to produce a baseload of 170,000 gallons of LNG per day for Boston Gas under a firm contract and up to 250,000 gallons per day to other utilities. The gas turbine’s output will decrease when LNG production increases to 250,000 gallons per day on hot summer days when the motor-generator will function as a motor to supply additional power to the compression system.
“The reality is when it comes to facilitating the energy transition, natural gas can be a solution,” said Rich Voorberg, president of Siemens Energy North America. “It will serve as a reliable complement to renewable energy in many regions of the world. The combination of the gas turbine, integrally geared compressor, and motor-generator at the NEC plant represents a highly flexible solution that will enable the liquefaction plant to operate efficiently year-round, regardless of the ambient conditions. This will significantly reduce overall energy consumption over the plant’s life, resulting in a lower carbon footprint.”
“The integrated hybrid drive solution provided by Siemens Energy demonstrates the next step in hybridization of the energy systems in their decarbonization process,” said Boris Brevnov, Manager and Developer of NEC. “Building on this next generation design and its environmental advantages, NEC also offers local utilities a choice of L-RNG, an LNG product made from renewable natural gas.”
The plant has an onsite LNG storage capacity of 2 million gallons. The LNG produced will be available for delivery by truck and used as a feedstock for utility distribution companies and power generation facilities.
This press release and a press picture / press pictures / further material is available at Press | Company | Siemens Energy North America (siemens-energy.com)
Follow us on Twitter at: www.twitter.com/siemens_energy
Siemens Energy is one of the world’s leading energy technology companies. The company works with its customers and partners on energy systems for the future, thus supporting the transition to a more sustainable world. With its portfolio of products, solutions and services, Siemens Energy covers almost the entire energy value chain – from power generation and transmission to storage. The portfolio includes conventional and renewable energy technology, such as gas and steam turbines, hybrid power plants operated with hydrogen, and power generators and transformers. More than 50 percent of the portfolio has already been decarbonized. A majority stake in the listed company Siemens Gamesa Renewable Energy (SGRE) makes Siemens Energy a global market leader for renewable energies. An estimated one-sixth of the electricity generated worldwide is based on technologies from Siemens Energy. Siemens Energy employs around 91,000 people worldwide in more than 90 countries and generated revenue of €28.5 billion in fiscal year 2021. www.siemens-energy.com.
Contact for journalists
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DALLAS--(BUSINESS WIRE)--Flowserve Corporation (NYSE: FLS), a leading provider of flow control products and services for the global infrastructure markets, today announced that it plans to release its results for the third quarter 2022 after the close of the New York Stock Exchange (NYSE) on Monday, October 31.
The following morning, on Tuesday, November 1, the company will hold its conference call with the financial community at 11 a.m. Eastern time. Scott Rowe, president and chief executive officer, and other members of management will present.
The earnings materials and webcast of the conference call can be accessed by shareholders and other interested parties at www.flowserve.com under the "Investor Relations" section.
About Flowserve: Flowserve Corp. is one of the world’s leading providers of fluid motion and control products and services. Operating in more than 55 countries, the company produces engineered and industrial pumps, seals and valves as well as a range of related flow management services. More information about Flowserve can be obtained by visiting the company’s Web site at www.flowserve.com.
Safe Harbor Statement: This news release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. Words or phrases such as, "may," "should," "expects," "could," "intends," "plans," "anticipates," "estimates," "believes," "forecasts," "predicts" or other similar expressions are intended to identify forward-looking statements, which include, without limitation, earnings forecasts, statements relating to our business strategy and statements of expectations, beliefs, future plans and strategies and anticipated developments concerning our industry, business, operations and financial performance and condition.
The forward-looking statements included in this news release are based on our current expectations, projections, estimates and assumptions. These statements are only predictions, not guarantees. Such forward-looking statements are subject to numerous risks and uncertainties that are difficult to predict. These risks and uncertainties may cause actual results to differ materially from what is forecast in such forward-looking statements, and include, without limitation, the following: the impact of the global outbreak of COVID-19 on our business and operations; a portion of our bookings may not lead to completed sales, and our ability to convert bookings into revenues at acceptable profit margins; changes in global economic conditions and the potential for unexpected cancellations or delays of customer orders in our reported backlog; our dependence on our customers’ ability to make required capital investment and maintenance expenditures; if we are not able to successfully execute and realize the expected financial benefits from our strategic transformation and realignment initiatives, our business could be adversely affected; risks associated with cost overruns on fixed-fee projects and in taking customer orders for large complex custom engineered products; the substantial dependence of our sales on the success of the oil and gas, chemical, power generation and water management industries; the adverse impact of volatile raw materials prices on our products and operating margins; economic, political and other risks associated with our international operations, including military actions, trade embargoes, epidemics or pandemics or changes to tariffs or trade agreements that could affect customer markets, particularly North African, Russian and Middle Eastern markets and global oil and gas producers, and non-compliance with U.S. export/re-export control, foreign corrupt practice laws, economic sanctions and import laws and regulations; increased aging and slower collection of receivables, particularly in Latin America and other emerging markets; our exposure to fluctuations in foreign currency exchange rates, including in hyperinflationary countries such as Venezuela and Argentina; our furnishing of products and services to nuclear power plant facilities and other critical processes; potential adverse consequences resulting from litigation to which we are a party, such as litigation involving asbestos-containing material claims; expectations regarding acquisitions and the integration of acquired businesses; our relative geographical profitability and its impact on our utilization of deferred tax assets, including foreign tax credits; the potential adverse impact of an impairment in the carrying value of goodwill or other intangible assets; our dependence upon third-party suppliers whose failure to perform timely could adversely affect our business operations; the highly competitive nature of the markets in which we operate; environmental compliance costs and liabilities; potential work stoppages and other labor matters; access to public and private sources of debt financing; our inability to protect our intellectual property in the U.S., as well as in foreign countries; obligations under our defined benefit pension plans; our internal control over financial reporting may not prevent or detect misstatements because of its inherent limitations, including the possibility of human error, the circumvention or overriding of controls, or fraud; the recording of increased deferred tax asset valuation allowances in the future or the impact of tax law changes on such deferred tax assets could affect our operating results; our information technology infrastructure could be subject to service interruptions, data corruption, cyber-based attacks or network security breaches, which could disrupt our business operations and result in the loss of critical and confidential information; ineffective internal controls could impact the accuracy and timely reporting of our business and financial results; and other factors described from time to time in our filings with the Securities and Exchange Commission.
All forward-looking statements included in this news release are based on information available to us on the date hereof, and we assume no obligation to update any forward-looking statement.
Investor Contacts:
Jay Roueche, Vice President, Investor Relations & Treasurer, (972) 443-6560
Mike Mullin, Director, Investor Relations, (214) 697-8568
Rising climate change concerns and high gas prices led young investors to lean into companies focused on building for a renewable energy future
Investors across generations remain bullish on flagship cryptocurrencies
DALLAS--(BUSINESS WIRE)--Apex Fintech Solutions (“Apex”), the fintech for fintechs powering innovation and the future of digital wealth management, today released its Third Quarter 2022 Apex Next Investor Outlook (“Q3 ANIO Report” or the “report”). The report, which analyzes proprietary data of U.S.-based investors who trade through introducing brokers on the Apex Clearing platform as of September 30, 2022, sheds light on the top 100 stocks[1] held by investors across four generations, with a special focus on the millennial and rising Gen Z[2] demographics. The report also includes an analysis of cryptocurrency trading data across the platform. The report is not intended as securities analysis nor as a recommendation to buy or sell any investment and is meant for informational purposes only.
Throughout the third quarter 2022, Gen Z investors turned to renewable energy stocks that focus on mitigating climate change and rising gas prices. Alternative energy companies including Rivian, ChargePoint, Plug Power Inc., and Enphase Energy experienced notable growth. Consistent with the second quarter 2022, stable, income-generating, dividend players such as Costco, Abbvie and Chevron were still widely held, while the top stocks held within the Gen Z top 10 included Tesla, Apple, Amazon, Google, and Microsoft.
“As recession fears increase and geopolitical and environmental concerns are top-of-mind globally, younger investors are increasingly looking to technological innovation to pave the way for a clean energy future. At the same time, investors across generations remain interested in accessing the power of digital assets,” said Connor Coughlin, General Manager, Fintech at Apex Fintech Solutions. “Apex’s data underscores a heightened level of retail engagement as digital trading, wealth technology and financial education platforms continue to democratize access to the financial markets.”
While turbulent crypto market conditions persist, Millennial investors remained bullish on Bitcoin and other flagship cryptocurrencies, including Ethereum. There were approximately 5.2 million crypto-enabled accounts on the Apex Crypto platform in the third quarter, a 6% increase from 4.9 million in the second quarter. Millennials represented 43% of those 5.2 million crypto-enabled accounts, with Gen Z following at 35%, Gen X at 18%, and Boomers at just 4%. Across all generations analyzed, 90% of accounts continued to hold their positions across tokens offered on the Apex Crypto platform.
Overall, the report analyzed nearly 1.4 million Gen Z accounts, in addition to over 6.8 million accounts held by millennials, Gen X and baby boomers owned by investors on the Apex platform, calculated as of September 30, 2022.
Themes in the Apex Q3 Next Investor Outlook include:
To download the full Q3, 2022 ANIO Report, click [here].
About Apex Fintech Solutions
Apex Fintech Solutions is a fintech powerhouse enabling seamless access, frictionless investing, and investor education for all. Apex’s omni-suite of scalable solutions fuel innovation and evolution for hundreds of today’s market leaders, challengers, change makers, and visionaries. The Company’s digital ecosystem creates an environment where clients with the biggest ideas are empowered to change the world. Apex works to ensure their partners succeed on the frontlines of the industry via bespoke custody & clearing, advisory, institutional, digital assets, and SaaS solutions through its Apex Clearing™, Apex Crypto™, Apex Advisor Solutions™, Apex Silver™, and Apex CODA Markets™ brands.
For more information, visit the Apex Fintech Solutions website: https://www.apexfintechsolutions.com.
Important Information:
The availability of products and services may vary by country. Nothing herein is an offer to sell or a solicitation of an offer to buy securities, products, or services by any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation. The summary data in this report is composed of specific types of accounts that met certain criteria that clear through Apex (e.g., self-directed individual accounts within a certain age range at a particular point in time). Any company stocks and ticker symbols that appear herein are for illustrative purposes only and do not constitute a recommendation for a particular security. All investments carry risks. Investment returns will fluctuate and are subject to market volatility. An investor’s shares, when redeemed or sold, may be worth more or less than their original cost. You should consider your investment objectives, the risks involved, and consult with your investment and/or tax professional about your specific circumstances prior to making an investment decision.
________________________________________________
[1] Top 100 stock rankings reflect the 100 largest holdings based on notional values as of September 30, 2022, held across all retail accounts on the Apex platform.
[2]The generations are segmented by the birth date of the account holders: Baby Boomers: 1946-1964; Generation X: 1965-1980; Millennial: 1981-1996; Generation Z: 1996-2012.
Media:
Sara Widmann/Gwyn Hodges
Gasthalter & Co.
(212) 257-4170
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HOUSTON--(BUSINESS WIRE)--SilverBow Resources, Inc. (NYSE: SBOW) (“SilverBow” or “the Company”) announced today it will release financial and operating results for the third quarter 2022 and post an updated corporate presentation after market close on Wednesday, November 2, 2022. SilverBow will host a conference call to discuss its results on Thursday, November 3, 2022 at 9:00 a.m. Central Time (10:00 a.m. Eastern Time).
Dial-In: |
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1-888-415-4465 (U.S.) 1-646-960-0140 (International) Request SilverBow Resources Third Quarter 2022 Earnings Conference Call Conference ID: 5410161 |
Webcast: |
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Live and rebroadcast over the internet at: |
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Replay: |
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A replay will be available approximately two hours after the call through Thursday, December 1, 2022 at 10:59 p.m. Central Time (11:59 p.m. Eastern Time). The replay may be accessed by dialing 1-800-770-2030 or 1-647-362-9199, and referencing the Conference ID: 5410161. |
ABOUT SILVERBOW RESOURCES, INC.
SilverBow Resources, Inc. (NYSE: SBOW) is a Houston-based energy company actively engaged in the exploration, development, and production of oil and gas in the Eagle Ford Shale and Austin Chalk in South Texas. With over 30 years of history operating in South Texas, the Company possesses a significant understanding of regional reservoirs which it leverages to assemble high quality drilling inventory while continuously enhancing its operations to maximize returns on capital invested. For more information, please visit www.sbow.com. Information on the Company’s website is not part of this release.
Jeff Magids
Director of Finance & Investor Relations
(281) 874-2700, (888) 991-SBOW
SILICON SLOPES, Utah & TOKYO--(BUSINESS WIRE)--Domo (Nasdaq: DOMO) and Cosmo Energy Holdings (TSE: 5021) today announced that Cosmo Energy has chosen Domo’s cloud-based platform to accelerate data democratization across the entire business. After a one-month proof of concept (POC), Cosmo found that Domo surpassed expectations, offering a non-traditional BI approach to data implementation with its scalable and flexible data app platform. In addition, Cosmo also saw increased efficiency and alignment between its IT and business departments, leveraging data and Domo to make informed decisions to improve business performance.
As the world shifts away from reliance from fossil fuels to renewable energy, it is necessary for oil companies to find and provide new energy solutions. Cosmo Energy has actively implemented efforts to improve its digital capabilities under its “Full-fledged Digital Transformation (DX)” program. Having established a Corporate DX Strategy department in November 2021, the group is focused on implementing initiatives that improve the company’s digital capabilities and accelerate its data democratization efforts. In July 2022, the organization received the “Digital Transformation (DX) Certified Business” certification by the Japanese Ministry of Economy, Trade and Industry for its DX initiatives. Cosmo chose Domo to continue these efforts and quickly achieve data democratization across its entire business, enabling all employees to make informed decisions and take data-driven actions.
With over 7000 employees, Cosmo sought a fully integrated yet easy-to-use platform that would keep pace with its business and enable data democratization and utilization for all employees regardless of their technical capabilities. With Domo, anyone in the organization can develop their data skills with the ability to easily view, analyze and collaborate from anywhere, anytime, and on any device. Cosmo and Domo will also develop a full training program for all Cosmo employees to quickly advance its goals.
Noriko Rzonca, Chief Digital Officer at Cosmo Energy Holdings, commented, “We started the BI process in reverse to accelerate our data democratization. By starting with visualizing our questions, rather than focusing on intensive data preparation -- which the Domo platform easily handles -- we were able to eliminate the rework and redevelopment that occurs with other traditional BI tools. I believe this was made possible because of Domo’s unique all-in-one platform and I am looking forward to implementing our training program to achieve our data democratization goals in a short amount of time.”
“We are honored that Cosmo is entrusting Domo to fully support its company-wide digital initiatives,” said John Mellor, Domo’s CEO. “We are committed to their success and believe that our focus on delivering speed-to-value, from the line of business decision maker to executives, will help Cosmo maximize the impact of their business data.”
Domo K.K.’s President and Japan Country Manager Tom Kawasaki also commented, “We are grateful that Cosmo has chosen Domo, which goes beyond traditional BI, to enhance company-wide data utilization and democratization. In addition to the company-wide deployment of the Domo platform, I recognize the importance of empowering data literacy for all employees and fostering data experts who will play key role in the company’s DX initiatives, for which Domo will continue to offer our complete support.”
To learn more about how innovative organizations like Cosmo are using Domo to put data to work for everyone, visit www.domo.com/customers.
About Cosmo Energy Holdings Co., Ltd.
Based on its mission to provide a reliable supply of safe and comfortable energy, which is indispensable to our daily life, the Cosmo Energy Group has grown by positioning petroleum and petrochemicals as its core businesses and is now growing its renewable energy business from the perspective of long-term changes in the business environment.
Setting out its Group Management Vision as “striving for harmony and symbiosis between our planet, man and society,” and based on The Sixth Consolidated Medium-Term Management Plan “Oil & New,” the Cosmo Energy Group utilizes its strengths to develop its SS (Service Station) network for a next-generation mobility society, to promote eco-friendly electricity sales, and to expand production of clean energy, primarily through the generation of wind power. Through these businesses, including that represented by this venture, the Cosmo Energy Group aims to achieve net zero carbon emissions by 2050, as well as resolve social issues and help build a sustainable society.
Corporate website: https://www.cosmo-oil.co.jp/eng/index.html
About Domo
Domo transforms business by putting data to work for everyone. Domo’s low-code data app platform goes beyond traditional business intelligence and analytics to enable anyone to create data apps to power any action in their business, right where work gets done. With Domo’s fully integrated cloud-native platform, critical business processes can now be optimized in days instead of months or more. For more information, visit www.domo.com. You can also follow Domo on Twitter, Facebook and LinkedIn.
Domo is a registered trademark of Domo, Inc.
(The official language for Cosmo's filings with the Tokyo Stock Exchange and Japanese authorities, and for communications with Cosmo's shareholders, is Japanese. Cosmo has posted English versions of some of this information on this website. While these English versions have been prepared in good faith, Cosmo does not accept responsibility for the accuracy of the translations, and reference should be made to the original Japanese language materials.)
Domo:
Cynthia Cowen
This email address is being protected from spambots. You need JavaScript enabled to view it.
Cosmo:
TEL +81-3-3798-3101
HOUSTON--(BUSINESS WIRE)--Kinder Morgan, Inc.’s (NYSE: KMI) board of directors today approved a cash dividend of $0.2775 per share for the third quarter ($1.11 annualized), payable on November 15, 2022, to stockholders of record as of the close of business on October 31, 2022. This dividend is a 3% increase over the third quarter of 2021.
The company is reporting third quarter net income attributable to KMI of $576 million, compared to net income attributable to KMI of $495 million in the third quarter of 2021; and distributable cash flow (DCF) of $1,122 million, compared to $1,013 million in the third quarter of 2021. Adjusted Earnings were $575 million for the quarter, versus $505 million in the third quarter of 2021.
“As we continue to witness the tragic consequences of the war in Ukraine, including global economic turbulence and volatility, our company and the U.S. energy sector as a whole can take some measure of pride in continuing to provide both our citizens and those around the world with natural gas, refined products and crude oil,” said Executive Chairman Richard D. Kinder. “The great work of more than 10,000 Kinder Morgan employees has contributed to another strong quarter, as we generated robust earnings and strong coverage of this quarter’s dividend. As always, the company remains steadfast in our long-standing goals: to maintain a strong investment-grade balance sheet, internally fund expansion opportunities, pay an attractive and growing dividend, and further reward our shareholders by repurchasing our shares on an opportunistic basis.”
“The company continues to perform better than budget, well above DCF plan for the quarter,” said Chief Executive Officer Steve Kean. “Our Natural Gas Pipelines segment continues to see strong demand for the extensive firm transport and storage services we offer, as well as favorable contract renewals on multiple assets across our network. We are also moving forward with projects to provide additional transport capacity to liquefied natural gas (LNG) facilities and remain focused on continuing to be the provider of choice for that growing market. Given the proximity of our existing assets to planned LNG expansions, we expect to maintain and potentially expand on our approximately 50% share of transport capacity to LNG export facilities.
“Domestically, we are seeing the market highly value our 700 billion cubic feet (Bcf) of working natural gas storage capacity,” continued Kean. “Our customers are increasingly recognizing the role storage must play in an energy system that requires flexible deliverability as the contribution from intermittent renewable sources continues to grow in the power sector.
“There is simply no question that the assets we operate and the services we provide will be needed for a long time to come. Similarly, it is indisputable that a lengthy transition to greater deployment of low carbon energy sources is underway — and we are responding to that. As we look ahead, roughly 80% of our project backlog is in lower-carbon energy services, including natural gas, renewable natural gas, renewable diesel and feedstocks associated with renewable diesel and sustainable aviation fuel,” Kean concluded.
“Our financial performance during the quarter was strong, as we generated earnings per share of $0.25 and DCF per share of $0.49,” said KMI President Kim Dang. “Earnings per share for the quarter were up 14% and DCF per share was up 11% as compared to the third quarter of 2021, and DCF per share was also up 7% versus budget. We generated $492 million of excess DCF above our declared dividend during the quarter.
“During the quarter, we took several steps to increase value for our shareholders, including progressing expansion projects and selling a 25.5% equity interest in Elba Liquefaction Company, L.L.C. (ELC) for approximately $565 million, which implies an approximately 13 times enterprise value to EBITDA multiple,” continued Dang. “We used those proceeds to reduce short-term debt and create additional capacity for attractive investments, including opportunistic share repurchases. Regarding share repurchases, year-to-date through October 18 we have repurchased approximately 21.7 million shares at an average price of $16.94 per share.”
For the first nine months of 2022, the company reported net income attributable to KMI of $1,878 million, compared to $1,147 million for the first nine months of 2021 and DCF of $3,753 million, down 14% from $4,367 million for the comparable period in 2021. Net income is up in 2022 in part due to a non-cash impairment charge taken in 2021. The DCF decrease compared to the prior period is due primarily to nonrecurring earnings during the February 2021 winter storm. Without the Uri impact, DCF for the first nine months is up 15% versus the prior year period.
2022 Outlook
For 2022, KMI budgeted to generate net income attributable to KMI of $2.5 billion and declare dividends of $1.11 per share, a 3% increase from the dividends declared for 2021. The company also budgeted to generate 2022 DCF of $4.7 billion and Adjusted EBITDA of $7.2 billion and to end 2022 with a Net Debt-to-Adjusted EBITDA ratio of 4.3 times. KMI now expects net income attributable to KMI to be favorable to budget by approximately 3% and Adjusted EBITDA and DCF to be favorable to budget by approximately 4%-5%. Net income is impacted by unsettled hedges, which we treat as Certain Items.
Overview of Business Segments
“The Natural Gas Pipelines segment’s financial performance was up in the third quarter of 2022 relative to the third quarter of 2021, primarily on increased volumes on our KinderHawk gathering system; continued strong demand for transport and storage services on Natural Gas Pipeline Company of America, Southern Natural Gas (SNG) and Midcontinent Express Pipeline; higher contributions from our Texas Intrastate system; and favorable pricing on the Altamont gathering system,” said Dang.
Natural gas transport volumes were flat compared to the third quarter of 2021, with declines on the Texas Intrastate system primarily due to the Freeport LNG terminal outage, on El Paso Natural Gas due to a partial pipeline outage, and on CIG and Cheyenne Plains Gas Pipeline due to continued declining production in the Rockies basins. These declines were partially offset by increases on Kinder Morgan Louisiana Pipeline and Elba Express due to increased deliveries to LNG customers and on SNG due to higher demand from power generation customers. Natural gas gathering volumes were up 13% from the third quarter of 2021 with higher volumes primarily on KinderHawk (which serves the Haynesville shale).
“Contributions from the Products Pipelines segment were down compared to the third quarter of 2021 due to a decline in commodity prices that impacted inventory values on our transmix and crude and condensate assets,” Dang said. “Total refined products volumes were down 2%, while crude and condensate pipeline volumes were down 5% compared to the third quarter of 2021. Gasoline volumes were below the comparable period last year by 3% and diesel volumes were down 5%. Jet fuel volumes continued their strong rebound, up 11% versus the third quarter of 2021. These impacts were partially offset by higher average rates as well as increased volumes through our petroleum condensate processing facility in the Houston Ship Channel.
“Terminals segment earnings were up compared to the third quarter of 2021, driven by gains in our bulk business, which benefited from continued strength in both handling rates and volumes for export coal and petroleum coke. In our liquids business, while volumes at our refined product hub facilities were up versus the prior year period, increased property taxes and weakness at our New York Harbor hub contributed to lower earnings year-over-year,” continued Dang. “In our Jones Act tanker business, where fundamentals continue to improve, the benefit from higher fleet utilization was more than offset by lower average charter rates compared to the third quarter of 2021 as vessels were previously recontracted into a lower, albeit significantly improving, rate environment. Notably, average charter rates and earnings improved this quarter versus the second quarter of 2022.
“CO2 segment earnings were well up compared to the third quarter of 2021 primarily due to higher realized crude, natural gas liquids (NGL) and CO2 prices. Our realized weighted average crude oil price for the quarter was up 25% at $66.34 per barrel, while our weighted average NGL price for the quarter was up 35% from the third quarter of 2021 at $37.68 per barrel, and CO2 prices were up $0.39 or 33%,” said Dang. “Third quarter 2022 combined net oil production across our fields was 7% above plan but down 3% compared to the same period in 2021. NGL sales volumes net to KMI were up 1% versus the third quarter of 2021, while CO2 sales volumes were down 11% on a net to KMI basis compared to the third quarter of 2021, due to the expiration of a carried interest following payout on a project in 2021.”
Other News
Corporate
Natural Gas Pipelines
Products Pipelines
Terminals
Energy Transition Ventures
Kinder Morgan, Inc. (NYSE: KMI) is one of the largest energy infrastructure companies in North America. Access to reliable, affordable energy is a critical component for improving lives around the world. We are committed to providing energy transportation and storage services in a safe, efficient and environmentally responsible manner for the benefit of the people, communities and businesses we serve. We own an interest in or operate approximately 83,000 miles of pipelines, 141 terminals, 700 billion cubic feet of working natural gas storage capacity and have renewable natural gas generation capacity of approximately 2.2 Bcf per year of gross production with an additional 5.2 Bcf in development. Our pipelines transport natural gas, refined petroleum products, renewable fuels, crude oil, condensate, CO2 and other products, and our terminals store and handle various commodities including gasoline, diesel fuel, renewable fuel feedstocks, chemicals, ethanol, metals and petroleum coke. Learn more about our renewables initiatives on the low carbon solutions page at www.kindermorgan.com.
Please join Kinder Morgan, Inc. at 4:30 p.m. ET on Wednesday, October 19, at www.kindermorgan.com for a LIVE webcast conference call on the company’s third quarter earnings. An investor presentation update will be posted to the Investor Relations page of KMI’s website prior to 9:30 a.m. ET on October 20, 2022.
Non-GAAP Financial Measures
This press release includes the non-generally accepted accounting principles (non-GAAP) financial measures of Adjusted Earnings and distributable cash flow (DCF), both in the aggregate and per share for each; segment earnings before depreciation, depletion and amortization (DD&A), amortization of excess cost of equity investments and Certain Items (Adjusted Segment EBDA); net income before interest expense, income taxes, DD&A, amortization of excess cost of equity investments and Certain Items (Adjusted EBITDA); Net Debt; Net Debt-to-Adjusted EBITDA; and Free Cash Flow (FCF).
For reconciliations of budgeted DCF and budgeted Adjusted EBITDA to budgeted net income attributable to KMI for 2022, please refer to Table 9 and Table 10 included in KMI’s press release dated April 20, 2022.
Our non-GAAP financial measures described below should not be considered alternatives to GAAP net income attributable to Kinder Morgan, Inc. or other GAAP measures and have important limitations as analytical tools. Our computations of these non-GAAP financial measures may differ from similarly titled measures used by others. You should not consider these non-GAAP financial measures in isolation or as substitutes for an analysis of our results as reported under GAAP. Management compensates for the limitations of these non-GAAP financial measures by reviewing our comparable GAAP measures, understanding the differences between the measures and taking this information into account in its analysis and its decision-making processes.
Certain Items, as adjustments used to calculate our non-GAAP financial measures, are items that are required by GAAP to be reflected in net income attributable to Kinder Morgan, Inc., but typically either (1) do not have a cash impact (for example, unsettled commodity hedges and asset impairments), or (2) by their nature are separately identifiable from our normal business operations and in our view are likely to occur only sporadically (for example, certain legal settlements, enactment of new tax legislation and casualty losses). We also include adjustments related to joint ventures (see “Amounts from Joint Ventures” below and the accompanying Tables 4 and 7).
Adjusted Earnings is calculated by adjusting net income attributable to Kinder Morgan, Inc. for Certain Items. Adjusted Earnings is used by us and certain external users of our financial statements to assess the earnings of our business excluding Certain Items as another reflection of our ability to generate earnings. We believe the GAAP measure most directly comparable to Adjusted Earnings is net income attributable to Kinder Morgan, Inc. Adjusted Earnings per share uses Adjusted Earnings and applies the same two-class method used in arriving at basic earnings per share. (See the accompanying Tables 1 and 2.)
DCF is calculated by adjusting net income attributable to Kinder Morgan, Inc. for Certain Items (Adjusted Earnings), and further by DD&A and amortization of excess cost of equity investments, income tax expense, cash taxes, sustaining capital expenditures and other items. We also include amounts from joint ventures for income taxes, DD&A and sustaining capital expenditures (see “Amounts from Joint Ventures” below). DCF is a significant performance measure useful to management and external users of our financial statements in evaluating our performance and in measuring and estimating the ability of our assets to generate cash earnings after servicing our debt, paying cash taxes and expending sustaining capital, that could be used for discretionary purposes such as dividends, stock repurchases, retirement of debt, or expansion capital expenditures. DCF should not be used as an alternative to net cash provided by operating activities computed under GAAP. We believe the GAAP measure most directly comparable to DCF is net income attributable to Kinder Morgan, Inc. DCF per share is DCF divided by average outstanding shares, including restricted stock awards that participate in dividends. (See the accompanying Tables 2 and 3.)
Adjusted Segment EBDA is calculated by adjusting segment earnings before DD&A and amortization of excess cost of equity investments (Segment EBDA) for Certain Items attributable to the segment. Adjusted Segment EBDA is used by management in its analysis of segment performance and management of our business. General and administrative expenses and certain corporate charges are generally not under the control of our segment operating managers, and therefore, are not included when we measure business segment operating performance. We believe Adjusted Segment EBDA is a useful performance metric because it provides management and external users of our financial statements additional insight into the ability of our segments to generate cash earnings on an ongoing basis. We believe it is useful to investors because it is a measure that management uses to allocate resources to our segments and assess each segment’s performance. We believe the GAAP measure most directly comparable to Adjusted Segment EBDA is Segment EBDA. (See the accompanying Tables 3 and 7.)
Adjusted EBITDA is calculated by adjusting net income attributable to Kinder Morgan, Inc. before interest expense, income taxes, DD&A, and amortization of excess cost of equity investments (EBITDA) for Certain Items. We also include amounts from joint ventures for income taxes and DD&A (see “Amounts from Joint Ventures” below). Adjusted EBITDA is used by management and external users, in conjunction with our Net Debt (as described further below), to evaluate certain leverage metrics. Therefore, we believe Adjusted EBITDA is useful to investors. We believe the GAAP measure most directly comparable to Adjusted EBITDA is net income attributable to Kinder Morgan, Inc. (See the accompanying Tables 3 and 4.)
Amounts f
Dave Conover
Media Relations
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DUBLIN--(BUSINESS WIRE)--The "Global Stationary Fuel Cell Market 2022-2026" report has been added to ResearchAndMarkets.com's offering.
The stationary fuel cell market is poised to grow by 442.51 MW during 2022-2026 progressing at a CAGR of 20.22% during the forecast period. The report on the stationary fuel cell market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by rising energy consumption, growing adoption of fuel cells for combined heat and power, and favorable government policies.
The stationary fuel cell market analysis includes the application segment and geographic landscape.
The stationary fuel cell market is segmented as below:
By Application
By Geographical Landscape
The report on stationary fuel cell market covers the following areas:
Market Dynamics
Market Drivers
Market Challenges
Market Trends
Key Topics Covered:
1. Executive Summary
2. Market Landscape
3. Market Sizing
4. Five Forces Analysis
5 Market Segmentation by Application
6. Customer landscape
7. Geographic Landscape
8. Drivers, Challenges, and Trends
9. Vendor Landscape
10. Vendor Analysis
11. Appendix
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/i8o54f
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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HAMILTON, Bermuda--(BUSINESS WIRE)--October 19, 2022 - Triton International Limited (NYSE:TRTN) will host its third quarter 2022 earnings conference call on November 1, 2022 at 8:30 a.m. Eastern Time. The earnings announcement and presentation will be released by 7:00 a.m. that morning and will be available on www.trtn.com.
The conference call will be Webcast, and an archive of the Webcast will be available one hour after the live call. To access the live Webcast or archive, please visit the Company’s website at www.trtn.com. Please allow extra time prior to the call to visit the site and download any necessary software that may be needed to listen to the Webcast.
To listen by phone, please dial in approximately 15 minutes prior to the start time and reference the Triton International Limited conference call.
Live Teleconference Dial-In:
Domestic: 1-877-418-5277
International: 1-412-717-9592
Triton International Limited is the world’s largest lessor of intermodal freight containers. With a container fleet of over 7 million twenty-foot equivalent units ("TEU"), Triton’s global operations include acquisition, leasing, re-leasing and subsequent sale of multiple types of intermodal containers and chassis.
Triton International Limited
Andrew Greenberg, 914-697-2900
Senior Vice President
Business Development & Investor Relations
SAN DIEGO--(BUSINESS WIRE)--#distributedenergy--Xendee, a provider of renewable project and microgrid design and decision support software, has launched a series of new features that integrate the latest tax incentives from the new Inflation Reduction Act directly into its platform. This allows engineers to quickly integrate the benefits of these policies with their projects and see the effects on overall costs or determine the capabilities associated with increased expenditure. This will mean that many more projects can become financially viable and will vastly increase investment in microgrids, especially as outages become more common and energy prices continue to rise.
“These new features allow engineers to proactively design and optimize their energy project based on the real value streams and incentives that are available,” said Zack Pecenak, Lead Engineer at Xendee. “Instead of just adding these savings in later as a line item, this allows Xendee to plan and optimize the system around the new tax incentives. This creates both a more accurate view of project financials and allows Xendee to optimize the projects in light of the incentives. For instance, the applied tax credit may change which technologies are chosen or how they are sized or placed.”
To implement tax savings in the Xendee platform, users are now provided with an extended widget for each applicable technology. From here, users can elect to implement the tax savings and even select the incentive they would like to apply. For instance, the Solar Investment Tax Credit (ITC) is a 30% credit that can be applied to both residential and commercial solar PV installations. This is a flat rate and had been set to reduce to a mere 6% before the passing of this bill. Alternatively, engineers can also elect to utilize the Production Tax Credit, wherein they will be paid tax incentives based on their production. Xendee allows the modeling of both systems as well as the capabilities to analyze each and determine which solution would be more beneficial to the project.
Additionally, the new features also apply to the modeling of green hydrogen within Xendee. Modeling hydrogen production, storage, and use within Xendee already exists as a module; however, engineers are now able to take advantage of and associate the $3 tax credit per kilogram of green hydrogen produced, making this opportunity attractive to several facilities.
“Xendee’s new tax incentive features give decision makers an opportunity to consider sustainable technologies that may have earlier been financially unattractive or completely out of the scope of the project,” said Michael Stadler, co-founder and CTO of Xendee. “For instance, with the incentives for hydrogen production, a facility that never would have considered it might become a net exporter of hydrogen or even use it to power their own fleet of vehicles.”
Learn more about our product or apply to join the team at xendee.com.
About Xendee Corporation
Xendee is the new standard in distributed energy system design and operation. The award winning platform integrates the microgrid design process into one piece of software and allows users to rapidly validate projects of any size, optimize designs, optimize investments, and operate microgrids in realtime to reach their full potential. Xendee’s software can model up to 25 different DER technologies and calculates the optimal techno-economic solution for each site individually to meet organizational goals. These goals can include reducing costs, cutting CO2 emissions, increasing resilience, or a combination of all three. Learn more about the clean energy platform or take your first steps towards net-zero carbon and reducing your scope 1 & 2 emissions by setting up a call with us at xendee.com/demo.
Media Contact
Jay Gadbois
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ORANGE, Conn.--(BUSINESS WIRE)--Today AVANGRID, Inc. (NYSE:AGR) announced that its Board of Directors declared a quarterly dividend of $0.44 per share on its Common Stock. This dividend is payable January 3, 2023 to shareholders of record at the close of business on December 1, 2022.
About AVANGRID: AVANGRID, Inc. (NYSE: AGR) aspires to be the leading sustainable energy company in the United States. Headquartered in Orange, CT with approximately $40 billion in assets and operations in 24 U.S. states, AVANGRID has two primary lines of business: Avangrid Networks and Avangrid Renewables. Avangrid Networks owns and operates eight electric and natural gas utilities, serving more than 3.3 million customers in New York and New England. Avangrid Renewables owns and operates a portfolio of renewable energy generation facilities across the United States. AVANGRID employs approximately 7,000 people and has been recognized by JUST Capital in 2021 and 2022 as one of the JUST 100 companies – a ranking of America’s best corporate citizens. In 2022, AVANGRID ranked second within the utility sector for its commitment to the environment and the communities it serves. The company supports the U.N.’s Sustainable Development Goals and was named among the World’s Most Ethical Companies in 2022 for the fourth consecutive year by the Ethisphere Institute. For more information, visit www.avangrid.com.
Investors:
Alvaro Ortega
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207.629.7412
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