CJ Logistics announces that five professional Korean golfers sponsored by the company will participate in THE CJ CUP, October 20-23, at the Congaree Golf Club in South Carolina.
DES PLAINES, Ill.--(BUSINESS WIRE)--#CJLogistics--Leading global logistics company CJ Logistics has announced that five professional Korean golfers under their sponsorship – Joo-Hyung Kim, Sung-Jae Im, Kyoung-Hoon Lee, Si-Woo Kim, Byeong-Hun An –have committed to play at THE CJ CUP.
THE CJ CUP is an annual PGA TOUR event sponsored by CJ Group, this year taking place October 20-23 for the first time at the Congaree Golf Club in South Carolina.
Joo-Hyung Kim (No.15 world ranking), Sung-Jae Im (No.20 world ranking), Kyoung-Hoon Lee (No.42 world ranking), and Si-Woo Kim (No.73 world ranking), also known as “the CJ Brothers,” were recently listed among the top 100 golf players in the world.
Five golfers, including four participating in THE CJ CUP, have won a total of ten PGA Tour titles collectively since the start of their CJ Logistics’ sponsorship periods.
Joo-Hyung Kim, who began receiving sponsorship from CJ Logistics in 2020, recently became the youngest golfer to achieve two wins in PGA TOUR history. Following his first PGA TOUR victory at this August’s Wyndham Championship, Kim also won the PGA Tour Shriner’s Children’s Open in Las Vegas, Nevada, just two months later.
CJ Logistics has been sponsoring men's golf, a less popular sport in the company’s native Korea, since 2016. The company’s strategy focuses on discovering promising young players and helping them pursue their dreams.
In the US, CJ Logistics America supports the CJ Corporation’s sports marketing initiative. “We will continue to strengthen our sales activities to expand our US logistics business through various marketing activities linked to golf,” said CJ Logistics America’s CEO Kevin Coleman.
Analysts view the CJ Corporation’s “ONLYONE” management philosophy as a major factor in the success of the company’s sports marketing. The philosophy encompasses CJ’s values for becoming “first, best and different” in all aspects. With the ONLYONE philosophy at the heart of all its operations, CJ continues to create innovative products, services, systems, and businesses.
CJ Logistics and CJ Logistics America
CJ Logistics provides integrated global supply chain services, maximizing customer value through continuous improvement and innovation. Currently, CJ Logistics operates technology-driven logistics businesses at 280 bases in 40 countries around the world, including CJ Logistics America. With a focus on social responsibility and sustainability through growth with customers and communities, CJ Logistics prioritizes the well-being of the end consumer. CJ Logistics offers an integrated, one-stop SCM service platform with air and sea international freight forwarding, warehousing and transportation contract logistics, asset-based transportation, parcel and express delivery, and supply chain consulting. As a lead logistics partner (LLP), third-party logistics provider (3PL) and supply chain consultant, CJ Logistics helps customers leverage supply chain management as a competitive advantage, reducing total system costs, transforming business processes, improving service and facilitating growth and change. CJ Logistics America, a division of CJ Logistics, is responsible for leading warehousing, transportation and freight forwarding operations across the North America region, specializing in solutions for regulated industries such as food and beverage, consumer packaged goods, healthcare and medical supplies, and tire and automotive. Visit cjlogisticsamerica.com, or more information on CJ Logistics and CJ Group, please visit here.
Mary Cline
Director, Marketing Communications
CJ Logistics America
847.624.9406 | This email address is being protected from spambots. You need JavaScript enabled to view it.
Energy Storage Canada awards highlight energy storage leaders from across the industry
FRAMINGHAM, Mass.--(BUSINESS WIRE)--#carbonreduction--Ameresco, Inc., (NYSE: AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy, today announced that Ameresco Canada is the recipient of the Energy Storage Canada’s (ESC) 2022 Landmark Application of Energy Storage Award for its comprehensive microgrid and facility renewal project with the London District Catholic School Board’s (LDCSB) John Paul II Catholic Secondary School (JP II). ESC’s new Annual Energy Storage Awards recognizes organizations that are sparking the growth, development and leadership within the energy storage sector from a technology-agnostic perspective.
As the winner of the Landmark Application of Energy Storage Award, Ameresco was selected for its innovation in installing a large-scale microgrid, which is now able to run fully independent of the main grid during outages, 2,700 covered carport solar panels, piping for a geothermal heating and cooling system, a 2.2MWh electrical energy storage system and four electric vehicle charging stations. The cleantech solutions installed at JP II enabled the school to become Canada’s first retrofitted carbon neutral educational institution and is designed to remove approximately 277 tons of carbon annually.
The ESC evaluators shared the following: “The recipient of the Landmark Application Award is selected for the implementation of a ground-breaking application in Canada’s energy storage sector, demonstrating innovation and ingenuity in any aspect of its development. Therefore, we are pleased to name Ameresco Canada as our 2022 recipient for their project at LDCSB’s John Paul II Catholic Secondary school. The project’s innovative siting and partnership demonstrates a significant opportunity to provide clean energy to schools, with a repeatable business model that will also help to educate the public and future generations about sustainable, reliable, and resilient energy supply, with energy storage.”
Founded in 2016, ESC is a not-for-profit organization and the only national trade association in Canada dedicated solely to the growth and market development of the country’s energy storage sector as a means of accelerating the realization of Canada’s ongoing energy transition and Net Zero goals through advocacy, education, collaboration, and research. This year marked the first year of its Energy Storage Award program.
“The Ameresco team expresses gratitude to receive recognition from such an influential organization within our industry as Energy Storage Canada,” said Bob McCullough, President, Ameresco Canada. “Our continued partnership with the London District Catholic School Board is setting a blueprint for other educational institutions to implement the necessary infrastructural upgrades to become carbon neutral.”
To learn more about Ameresco and its energy efficient solutions, please visit www.ameresco.com.
About Energy Storage Canada
With nearly 100 members, Energy Storage Canada (ESC) is Canada’s only national trade association dedicated solely to the growth & market development of energy storage as part of Canada’s energy transition through policy advocacy, education, collaboration, and research. ESC is technology-agnostic and not-for-profit, representing the full value chain for energy storage from end-to-end.
About Ameresco, Inc.
Founded in 2000, Ameresco, Inc. (NYSE:AMRC) is a leading cleantech integrator and renewable energy asset developer, owner and operator. Our comprehensive portfolio includes energy efficiency, infrastructure upgrades, asset sustainability and renewable energy solutions delivered to clients throughout North America and the United Kingdom. Ameresco’s sustainability services in support of clients’ pursuit of Net Zero include upgrades to a facility’s energy infrastructure and the development, construction, and operation of distributed energy resources. Ameresco has successfully completed energy saving, environmentally responsible projects with Federal, state and local governments, healthcare and educational institutions, housing authorities, and commercial and industrial customers. With its corporate headquarters in Framingham, MA, Ameresco has more than 1,000 employees providing local expertise in the United States, Canada, and the United Kingdom. For more information, visit www.ameresco.com.
Media:
Ameresco: Leila Dillon, 508-661-2264, This email address is being protected from spambots. You need JavaScript enabled to view it.
Acquisition adds additional regulatory and energy management expertise to Priority Power’s portfolio
THE WOODLANDS, Texas & AUSTIN, Texas--(BUSINESS WIRE)--Priority Power Management, Inc. (“Priority Power” or the “Company”), a leader in energy optimization and infrastructure offering smart energy solutions and streamlined transitions to carbon neutrality, today announced that it successfully completed its acquisition of the regulatory advisory experts and Texas-based renewable energy offtake and consulting business of AB Power Advisors.
This transaction further increases Priority Power’s standing as the premier energy management provider in the ERCOT market. This acquisition marks the third major acquisition for Priority Power in the past 18 months, and the second in the past 60 days.
AB Power Advisors is known throughout the industry for their proprietary regulatory coverage of the ERCOT market, as well as their successful track record commercializing renewable generation projects to support the nations’ growing ESG and carbon reduction goals for large commercial and industrial customers. Priority Power, already a fixture in the Austin community, will now have an Austin office. In the past year, Priority Power has grown to 160 employees, with offices in The Woodlands, Arlington, Midland and Austin, Texas, as well as Chicago, Illinois.
“Corporations trust AB Power Advisors for their regulatory coverage and market guidance designed to support mission critical and long term energy strategies,” said Brandon Schwertner, Chief Executive Officer of Priority Power. “AB Power Advisor’s business is a perfect complement to our robust suite of offerings. This acquisition solidifies Priority Power’s role as the leading experts in all facets of energy optimization.”
Ryan Aldridge, Managing Partner of AB Power Advisors, added, “Priority is a well-respected company with a successful track record of providing innovative solutions that meet their customer’s needs. This transaction will expand the reach of AB Power Advisors services and assist more customers in navigating the complex and ever-changing power markets as we move through the Energy Transition.”
In 2021, Priority Power acquired Satori Energy, a leader in energy procurement and consulting throughout the United States. Earlier this summer, Priority Power acquired AGE, an energy management services and solar development firm that serves hundreds of municipalities, Chambers of Commerce, businesses and industrial clients throughout Illinois and Ohio.
About Priority Power:
Priority Power, backed by funds managed by Oaktree Capital Management and Ara Partners, serves over 7,000 clients, totaling $2.7 billion in energy spend, across nearly every industry and vertical, and has well over $300 million of energy projects completed, with approximately $1 billion in energy infrastructure in varying stages of development.
Priority Power is leading the Energy Transition with proven integrity, trust and transparency.
Priority Power combines energy optimization and infrastructure expertise, with our proprietary technology, PriorityView, to help largescale commercial/industrial businesses achieve decarbonization and sustainability goals while also maximizing savings and efficiency. For more information on Priority Power, please visit www.prioritypower.com and linkedin.com.
About AB Power Advisors:
AB Power Advisors is a premier advisory services firm that specializes in delivering customized solutions to the U.S. Power industry. Our clients look to AB for the following service offerings:
For more information on AB Power Advisors, please visit www.abpoweradvisors.com and linkedin.com (https://www.linkedin.com/company/ab-power-advisors).
Katherine Tappan
Investor Relations
501-951-5282
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DALLAS--(BUSINESS WIRE)--Spring Valley Acquisition Corp. II (the “Company”), a blank check company formed for the purpose of entering into a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, today announced the closing of its initial public offering of 23,000,000 units at a price of $10.00 per unit, which includes the exercise in full by the underwriters of their overallotment option to purchase an additional 3,000,000 units. Total gross proceeds from the offering were $230 million before deducting underwriting discounts and commissions and other offering expenses payable by the Company.
The units began trading on The Nasdaq Stock Market LLC (“Nasdaq”) under the ticker symbol “SVIIU” on October 13, 2022. Each unit consists of one Class A ordinary share of the Company, one right to receive one-tenth of one Class A ordinary share of the Company and one-half of one redeemable public warrant. Each whole warrant entitles the holder thereof to purchase one Class A ordinary share of the Company at a price of $11.50 per share. Once the securities comprising the units begin separate trading, the Class A ordinary shares, rights and warrants are expected to be listed on the Nasdaq under the symbols “SVII,” “SVIIR” and “SVIIW,” respectively.
While the Company may pursue an initial business combination target in any business or industry, the Company intends to target companies in the sustainability industry, including renewable energy, resource optimization, environmental services, and grid infrastructure, which complement the backgrounds of the Company’s management team. The Company is led by its Chief Executive Officer and Chairman, Chris Sorrells, and Chief Financial Officer, Rob Kaplan. The Company’s primary sponsor is an affiliate of Pearl Energy Investment Management, LLC (“Pearl”), an investment firm that focuses on partnering with experienced management teams to invest in the North American energy and sustainability sectors. Pearl typically targets opportunities requiring $25 million to $150 million of equity capital.
Citigroup Global Markets, Inc. and Guggenheim Securities, LLC acted as joint book-running managers for the offering.
The offering was made only by means of a prospectus. A copy of the final prospectus related to the offering may be obtained from: Citigroup Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by telephone at (800) 831-9146, or Guggenheim Securities, LLC, 330 Madison Avenue, New York, New York 10017, or by accessing the Securities and Exchange Commission’s (“SEC”) website, www.sec.gov.
A registration statement relating to the offering has been filed with, and declared effective by, the SEC on October 12, 2022. Copies of the registration statement, as amended, can be accessed through the SEC’s website at www.sec.gov. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Cautionary Note Regarding Forward-Looking Statements
This press release contains statements that constitute “forward-looking statements,” including the anticipated use of the net proceeds from the offering. No assurance can be given that the net proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement for the offering filed with the SEC and the preliminary prospectus included therein. Copies are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
Spring Valley Acquisition Corp. II
www.sv-ac.com
Robert Kaplan
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HOUSTON--(BUSINESS WIRE)--Houston-based Gulf Coast Midstream Partners, LLC (“GCMP”) has announced an open season for firm gas storage services at its Freeport Energy Storage & Sequestration Hub (“FRESSH”) under development near Freeport, Texas. The open season will commence November 3, 2022 and end on November 17, 2022. GCMP contacts for open season bid information follows below.
GCMP’s FRESSH project is strategically located for providing high deliverability, multiple inventory cycle (HDMC) gas storage services to the Texas Gulf Coast intrastate market, with potential connectivity to as many as 11 intrastate pipeline segments. Additional connectivity may be available for up to 3 interstate pipelines under Section 311 of the Natural Gas Policy Act. Phase I of the FRESSH project will consist of 12 billion cubic feet (BCF) of working gas storage capacity with an aggregate injection capability of 400,000 Mscfd and an aggregate withdrawal capacity of 800,000+ Mscfd. GCMP’s HDMC gas storage service offerings include 30-day (peaking), 45-day (8-turn), 60-day (6-turn) and 90-day (4-turn) services.
John M. Hopper, GCMP’s Chief Executive Officer, remarked that “Given ongoing natural gas price volatility and the acute shortages experienced in natural gas and electric power markets during Winter Storm Uri in 2021, we believe the time has come to develop new, strategically-located HDMC gas storage capacity to serve the Texas Gulf Coast market. Our FRESSH project will do just that. The FRESSH project location also is being developed for carbon sequestration (for up to 400 million metric tonnes of CO2) because of its proximity to CO2 pipelines and emissions sources along the Texas Gulf Coast. And, our project site is well-situated for the development of hydrogen storage, whether it’s “green” hydrogen or “blue” hydrogen, and other industrial gases as well. So, our FRESSH storage and sequestration project is about as “green” as it gets. It’s unique in that the project can accommodate – at scale – not only natural gas storage but also all “hues” of hydrogen storage as well as carbon sequestration at a single location. We are not aware of any other storage or carbon sequestration project that can do that.”
ABOUT GULF COAST MIDSTREAM PARTNERS
Gulf Coast Midstream Partners was formed for the purpose of developing hydrogen and natural gas storage facilities and other hydrocarbon and non-hydrocarbon storage options, including carbon sequestration in secure geologic storage facilities that qualify for credits under IRS Section 45Q as well as minting carbon credits in voluntary carbon emissions markets. GCMP’s principals collectively have 150+ years of hands-on experience in designing, developing, commercializing and operating large-scale energy infrastructure projects including over two dozen underground storage facilities in solution-mined salt caverns and depleted oil & gas reservoirs totaling in excess of $2 billion in aggregate capex spend. For more information about Gulf Coast Midstream Partners, please see www.gulfcoastmidstream.com
John M. Hopper, Chief Executive Officer 713.562.8167 This email address is being protected from spambots. You need JavaScript enabled to view it.
Mike McCall, Senior Vice-President Underground Storage 918.640.4842 This email address is being protected from spambots. You need JavaScript enabled to view it./
CANONSBURG, Pa.--(BUSINESS WIRE)--Equitrans Midstream Corporation (NYSE: ETRN) will release its third quarter 2022 earnings information on Tuesday, November 1, 2022, and will also host a conference call with analysts and investors at 10:30 am (ET). A brief Q&A session for ETRN security analysts will immediately follow the results discussion.
Call Access: An audio live stream of the call will be available on the internet, and participants are encouraged to pre-register online, in advance of the call, at ETRN Q3 2022 Webcast. A link to the audio live stream will be available on the Investors page of the ETRN’s website the day of the call.
Security Analysts :: Dial-In Participation
To participate in the Q&A session, security analysts may access the call in the U.S. tollfree at (888) 330-3573; and internationally at (646) 960-0677. The ETRN conference ID is 6625542.
All Other Participants :: Webcast Registration
Please Note: For optimal audio quality, the webcast is best supported through Google Chrome and Mozilla Firefox browsers.
An updated investor presentation will be available on ETRN’s Investor Relations website the day of the call.
Call Replay: For 14 days following the call, an audio replay will be available at (800) 770-2030 or (647) 362-9199. The ETRN conference ID is 6625542.
About Equitrans Midstream Corporation
Equitrans Midstream Corporation (ETRN) has a premier asset footprint in the Appalachian Basin and, as the parent company of EQM Midstream Partners, is one of the largest natural gas gatherers in the United States. Through its strategically located assets in the Marcellus and Utica regions, ETRN has an operational focus on gas transmission and storage systems, gas gathering systems, and water services that support natural gas development and production across the Basin. With a rich 135-year history in the energy industry, ETRN was launched as a standalone company in 2018 with the vision to be the premier midstream services provider in North America. ETRN is helping to meet America’s growing need for clean-burning energy, while also providing a rewarding workplace and enriching the communities where its employees live and work.
For more information on Equitrans Midstream Corporation, visit www.equitransmidstream.com; and to learn more about our environmental, social, and governance practices visit ETRN Sustainability Reporting.
Analyst/Investor inquiries:
Nate Tetlow – Vice President, Corporate Development and Investor Relations
412-553-5834
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Media inquiries:
Natalie A. Cox – Communications and Corporate Affairs
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CINCINNATI--(BUSINESS WIRE)--LSI Industries Inc. (Nasdaq: LYTS), a leading U.S. based manufacturer of commercial lighting and display solutions, today announced the official launch of REDiMount (pronounced ready mount), a new lighting solution with a revolutionary mounting and installation system for refueling station canopies.
REDiMount is an out-of-the-box system that transforms the way canopy lighting is installed and maintained. The REDiMount system reduces the time necessary to install a canopy fixture by over 50%. The patent-pending design greatly simplifies the installation process by reducing the number of components in the box, eliminating the need for multiple installers, and requiring only a single canopy penetration to install, thereby eliminating potential water ingress points to provide a fully weatherproofed solution. Once installed, REDiMount can be removed with only a simple twist, enabling a quick release that simplifies maintenance or future upgrades. Best of all, it requires no tools, rewiring, or trips above the canopy. This game-changing design innovation sets a new standard for canopy lighting solutions.
“LSI is a vertically focused company, and the Refueling and C-Store segment is an important market for us,” said James A. Clark, President and CEO of LSI Industries. “Our intimate knowledge of key verticals allows us to provide enhanced, differentiated value to our customers. REDiMount is more than a traditional product launch for us—it was created by understanding our customer’s needs and our relentless effort to innovate for our clients. LSI has maintained its longstanding leadership position in the industry thanks to engineering advances of the kind REDiMount so perfectly embodies.”
For nearly a half-century, LSI has been the foremost expert in canopy lighting and display solutions for the Refueling & C-Store industry. Click here for more information about REDiMount and visit lsicorp.com/rcs to see the complete lineup of solutions for the Refueling and C-Store industry.
About LSI Industries
Headquartered in Greater Cincinnati, LSI is a publicly held company traded on the Nasdaq Stock Exchange under the symbol LYTS. The Company manufactures non-residential lighting and display solutions. Our lighting and lighting control systems consist of high-performance, American-made lighting solutions. The Company’s strength in outdoor lighting applications creates opportunities to introduce additional solutions to its valued customers. Our Display Solutions group consists of graphics solutions, digital signage, and technically advanced food display equipment for strategic vertical markets. LSI’s team of internal specialists also provide comprehensive project management services in support of large-scale product rollouts. The Company employs approximately 1,400 people at 11 manufacturing plants in the U.S. and Canada. Additional information about LSI is available at www.lsicorp.com.
Investor Contact
Noel Ryan, IRC
720.778.2415
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Media Contact
Cliff Spurlock
Marketing Communications Manager
513.372.3143
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Exelon CEO Chris Crane announces expanded role for Calvin G. Butler Jr. as president and chief operating officer. Jeanne Jones named executive vice president and chief financial officer.
CHICAGO--(BUSINESS WIRE)--$EXC--Exelon (Nasdaq: EXC) announced today that it has promoted Calvin G. Butler Jr. to president and chief operating officer and Jeanne Jones to executive vice president and chief financial officer. Chris Crane, previously president and CEO, continues as Exelon’s chief executive officer, leading the company’s 18,000 employees who serve more than 10 million customers in five states and the District of Columbia at six energy delivery companies – Atlantic City Electric, BGE, ComEd, Delmarva Power, PECO and Pepco.
“This is a pivotal time for the energy industry as we invest in the grid to ensure its reliability, resilience and security, while expanding access for renewable energy, enabling decarbonization goals and continuing transportation sector electrification,” said Exelon CEO Chris Crane. “Throughout Exelon’s evolution as a company, we have matched our goals with highly skilled leadership teams to achieve outstanding results, and I am proud that we have such a talented team on board.”
This is an expanded role for Butler, who previously had served as senior executive vice president and chief operating officer. Butler joined Exelon in 2008, holding a number of senior leadership positions at Exelon, ComEd and BGE. In addition to leading operations serving Exelon’s electric and natural gas customers, Butler will now oversee several corporate functions, including Information Technology, Supply, Facilities, Security, Communications and Corporate Relations.
“Calvin has been instrumental in Exelon’s growth and transformation in his 14 years on our senior leadership team and is a guiding force in our work to ensure that customers, equity and support for the communities we serve remain at the center of our strategy,” said Crane. “Calvin leads a team intently focused on the growth of the company to enable a cleaner and brighter future for our customers and communities.”
“It is an honor to work with Exelon’s more than 18,000 employees building on a track record of success by our company in delivering safe, reliable, affordable and equitable energy services to our customers in some of the largest and most diverse metropolitan regions in the United States,” said Butler. “We greatly value our role as a partner with the communities and customers we serve to lead the transformation of the grid to meet our shared climate and economic development goals.”
Jeanne Jones, previously senior vice president of Corporate Finance, succeeds Joseph Nigro as chief financial officer of Exelon. Jones joined Exelon in 2007. She has a depth of experience in financial planning, cost management, capital budgeting, project management, investor relations and treasury operations across Exelon’s pre- and post-separation businesses. Previously, Jones served as CFO of ComEd, which delivers electricity to more than 4 million residential and business customers across northern Illinois. She also served as vice president of Finance for Exelon Nuclear and CFO of Exelon’s Joint Venture Nuclear Group.
“Jeanne brings a wealth of utility financial experience to the role of CFO and has been key in shaping the new Exelon as we separated the energy delivery and power generation businesses. We look forward to her continued vision and leadership as we redefine how energy companies advance sustainability and enhance performance,” said Crane.
As CFO, Nigro oversaw financial activities for Exelon since 2018, and most recently through the successfully completed separation from the company’s competitive power generation business. Nigro was CEO of the Constellation retail and wholesale energy trading business from 2013 to 2018 and has spent 26 years at Exelon at a time when the energy industry restructured power markets to enable the competitive sales of electricity, natural gas and other energy-related products and services to customers nationwide. He will serve as senior advisor to the CEO through March 31, 2023.
“We thank Joe for his 26 years of service to the company and for his work to successfully spin off Exelon’s former generation and competitive energy business earlier this year. Joe was instrumental in growing Constellation’s competitive energy business during his tenure as CEO,” said Crane.
Exelon is the nation’s largest energy transmission and distribution company. More information about Exelon is available at exeloncorp.com.
About Exelon Exelon (Nasdaq: EXC) is a Fortune 200 company and the nation’s largest energy delivery company, serving more than 10 million customers through six fully regulated transmission and distribution utilities — Atlantic City Electric (ACE), Baltimore Gas and Electric (BGE), Commonwealth Edison (ComEd), Delmarva Power & Light (DPL), PECO Energy Company (PECO), and Potomac Electric Power Company (Pepco). More than 18,000 Exelon employees dedicate their time and expertise to powering a cleaner and brighter future for our customers and communities through reliable, affordable and efficient energy delivery, workforce development, equity, economic development and volunteerism. Follow Exelon on Twitter @Exelon.
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Nick Alexopulos
Corporate Communications
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CHARLOTTESVILLE, Va.--(BUSINESS WIRE)--East Point Energy, an energy storage development firm, announced the sale of the Shands Energy Storage project to Dominion Energy Virginia, one of the nation’s largest utilities. At 15.7 megawatts(MW)/62.8 megawatt-hours (MWh), Shands will be one of the largest standalone storage projects in Virginia when it becomes operational in 2023. Located in Sussex County, Shands will enhance local grid reliability and serve as an essential component of Dominion Energy’s 100% clean energy future.
Dominion Energy acquired Shands as part of the company’s 2022 Clean Energy Request for Proposals. This is the second project that East Point has sold to Dominion as a result of this RFP process; the first being the 20 MW Dry Bridge Energy Center project, which will be the largest operational battery energy storage project in Virginia when it comes online later this year.
“Dominion Energy remains committed to delivering clean, reliable energy to our customers in Virginia. The company is once again excited to work with East Point Energy and announce another utility-scale energy storage project,” said Brandon Martin, Dominion’s Manager of Business Development of Energy Storage. “This project represents another critical step in expanding the energy storage program within the Commonwealth of Virginia. The project will continue to support the Virginia Clean Economy Act (VCEA), as further expansion of energy storage within the Commonwealth will play an invaluable part in ensuring grid reliability during periods of high demand and periods of inherently intermittent renewable generation.”
“East Point is excited to partner with Dominion Energy once again with the Shands project, continuing to work to improve the reliability of the grid in our home state of Virginia,” said East Point Energy CEO, Andrew Foukal.
In July 2022, East Point announced that it will operate as a wholly-owned subsidiary of Equinor, a broad international energy company committed to long-term value creation in a low-carbon future. East Point will now not only develop, but also construct, own and operate energy storage projects that contribute to making the grid more renewable, resilient, and affordable.
About East Point Energy
East Point Energy is a development firm focused on the origination, construction, and operation of energy storage projects. Our team is currently developing gigawatts of energy storage projects throughout the country, helping to transform the grid into a renewable, resilient, and affordable system for generations to come. East Point is a wholly owned subsidiary of Equinor, a broad international energy company committed to long-term value creation in a low-carbon future.
Press Contact:
Anne Eschenroeder
(434) 465-6210
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SPRING, Texas--(BUSINESS WIRE)--Southwestern Energy Company (NYSE: SWN) today announced it will host a conference call and live audio webcast on October 28, 2022 to discuss third quarter 2022 financial and operating results. The Company plans to release results on October 27, 2022 after market close, which will be available on SWN’s website at www.swn.com.
Date: October 28, 2022
Time: 9:30 a.m. CT
Webcast: ir.swn.com
US/Canada: 877-883-0383
International: 412-902-6506
Access code: 5197466
A replay will also be available on SWN’s website at www.swn.com following the call.
About Southwestern Energy
Southwestern Energy Company (NYSE: SWN) is a leading U.S. producer and marketer of natural gas and natural gas liquids focused on responsibly developing large-scale energy assets in the nation’s most prolific shale gas basins. SWN’s returns-driven strategy strives to create sustainable value for its stakeholders by leveraging its scale, financial strength and operational execution. For additional information, please visit www.swn.com and www.swn.com/responsibility.
Investor Contacts
Brittany Raiford
Director, Investor Relations
(832) 796-7906
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Home Air Sealing is DIY Energy Efficiency 2.0
DURHAM, N.C.--(BUSINESS WIRE)--#airseal--American Efficient, one of America’s largest aggregators of energy efficiency resources, today announced that it is launching a new awareness and education campaign to spur homeowners to air seal their homes. The campaign has two goals. The first is to engage homeowners with humor and alert them to a problem that impacts 90% of U.S. homes. The second is to inform homeowners about easy, inexpensive actions they can take to address the problem while improving the comfort, air quality and efficiency of their homes.
The EPA estimates that up to 40% of the energy used to heat and cool homes in the U.S. is simply lost from air escaping via holes and cracks in a typical home’s thermal seal. The U.S. residential sector accounts for 22% of primary energy consumption. Given that heating and cooling represent over half of a typical home’s overall energy use and most U.S. houses have this issue, residential air leakage is a significant, costly, and unnecessary contributor to climate change at a national scale.
“Air leaks in American homes represent a pervasive and costly problem that most homeowners do not even realize they have. The good news is that there is an easy fix to the problem,” said Pete Curtice, CEO of American Efficient. “By implementing a few simple, do-it-yourself (DIY) air sealing measures, a homeowner can significantly benefit their home experience. When that effort is then replicated across millions of homes over time, the aggregate energy savings impact on the U.S. electric grid is huge.”
To elaborate on this point, Curtice further explained. “Over the past decade, millions of U.S. homeowners collectively have saved terawatts of electricity and billions of dollars on their utility bills simply by swapping out incandescent bulbs with more efficient LEDs. Given that a home’s HVAC system uses more energy than lighting, widespread implementation of residential home air-sealing measures offers a savings opportunity comparable to the DIY savings generated by installing LEDs in homes.” In conclusion, Curtice observed, “The benefits of implementing residential air-sealing measures are now widely proven and documented -- the main obstacle remaining is getting homeowners to understand how easy and effective air-sealing is.”
Creating this understanding is the impetus behind the campaign ‘See it. Feel it. Seal it.’ The tagline refers to three key messages: See the Health Benefits, Feel the Comfort, and Seal in Energy. Through various digital ads and influencer content, homeowners nationwide will be directed to visit SeeFeelSeal.com where they will learn more about why air sealing is important, how to spot the signs they might need to air seal their homes and how to get the job done without hiring a pro. The goal is to drive awareness and ultimately motivate consumers to air seal their home. “It’s so easy that even a seal could do it.”
About American Efficient
American Efficient was founded in 2013 and is based in Durham, North Carolina. The company partners with major manufacturers, distributors, and retailers to facilitate the adoption of energy efficient products. American Efficient aggregates, measures, verifies and delivers their energy savings for wholesale energy markets, resulting in lower cost, more reliable power. Its programs also reduce the need to build new carbon-intensive energy generation infrastructure. For more information, visit americanefficient.com.
About See it. Feel it. Seal it.
‘See it. Feel it. Seal it.’ is a first-of-its-kind, public service announcement (PSA)-style campaign being used by American Efficient to promote Do-It-Yourself (DIY) air sealing, a type of weatherization, in a fun and engaging way. The campaign is intentionally brand-agnostic and emphasizes how easy it is to have a global impact by implementing individual DIY air seal measures to improve the residential living experience. For more information, visit SeeFeelSeal.com.
Lauren Scolnic
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HOUSTON--(BUSINESS WIRE)--Permianville Royalty Trust (NYSE: PVL, the “Trust”) today announced a cash distribution to the holders of its units of beneficial interest of $0.051000 per unit, payable on November 14, 2022 to unitholders of record on October 31, 2022. The net profits interest calculation represents reported oil production for the month of July 2022 and reported natural gas production during June 2022. The calculation includes accrued costs incurred in August 2022.
The following table displays reported underlying oil and natural gas sales volumes and average received wellhead prices attributable to the current and prior month recorded net profits interest calculations.
|
|
Underlying Sales Volumes |
|
Average Price |
||||||||||
|
|
Oil |
|
Natural Gas |
|
Oil |
|
Natural Gas |
||||||
|
|
Bbls |
|
Bbls/D |
|
Mcf |
|
Mcf/D |
|
(per Bbl) |
|
(per Mcf) |
||
Current Month |
|
43,632 |
|
1,407 |
|
237,538 |
|
7,918 |
|
$ |
106.32 |
|
$ |
7.56 |
Prior Month |
|
37,873 |
|
1,262 |
|
287,116 |
|
9,262 |
|
$ |
110.92 |
|
$ |
6.85 |
Recorded oil cash receipts from the oil and gas properties underlying the Trust (the “Underlying Properties”) totaled $4.6 million for the current month on realized wellhead prices of $106.32/Bbl, up $0.4 million from the prior month’s oil cash receipts. The increase in oil production for the current month reflects the inclusion of production for several prior months in the first month of received revenues from four wells that a private operator has completed and brought online and in which the Underlying Properties have an approximate 5.4% working interest (see the Capex Drilling Activity Recap and Update in the Trust’s September 16, 2022 press release).
Recorded natural gas cash receipts from the Underlying Properties totaled $1.8 million for the current month on realized wellhead prices of $7.56/Mcf, down $0.2 million from the prior month.
Total accrued operating expenses for the period were $2.8 million, an increase of $0.2 million from the prior period. Capital expenditures increased $0.4 million from the prior period to $1.3 million.
Given the increase in operator activity and the higher 2022 capital expenditure estimates for the Underlying Properties as described in the Trust’s September 16, 2022 press release, COERT Holdings 1 LLC (the “Sponsor”) has notified the Trustee that it is withholding $0.1 million from the current month’s net profits to be added to the Sponsor’s previously established cash reserve for approved, future development expenses this year. With this addition, the total reserve is approximately $1.1 million for approved development expenses this year. This reserve is intended to fund an expected increase in development expenses; however, if those expenses are ultimately delayed or are less than expected, or if the outlook changes, amounts reserved but unspent will be released as an incremental cash distribution in a future period.
About Permianville Royalty Trust
Permianville Royalty Trust is a Delaware statutory trust formed to own a net profits interest representing the right to receive 80% of the net profits from the sale of oil and natural gas production from certain, predominantly non-operated, oil and gas properties in the states of Texas, Louisiana and New Mexico. As described in the Trust’s filings with the Securities and Exchange Commission (the “SEC”), the amount of the periodic distributions is expected to fluctuate, depending on the proceeds received by the Trust as a result of actual production volumes, oil and gas prices, the amount and timing of capital expenditures, and the Trust’s administrative expenses, among other factors. Future distributions are expected to be made on a monthly basis. For additional information on the Trust, please visit www.permianvilleroyaltytrust.com.
Forward-Looking Statements and Cautionary Statements
This press release contains statements that are “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. All statements contained in this press release, other than statements of historical facts, are “forward-looking statements” for purposes of these provisions. These forward-looking statements include the amount and date of any anticipated distribution to unitholders, expectations regarding the cash reserve for future development expenses and expectations regarding current and future capital expenditures and development activities on the Underlying Properties. The anticipated distribution is based, in large part, on the amount of cash received or expected to be received by the Trust from the Sponsor with respect to the relevant period. The amount of such cash received or expected to be received by the Trust (and its ability to pay distributions) has been and will continue to be directly affected by the volatility in commodity prices, which have experienced significant fluctuation since the beginning of 2020 as a result of a variety of factors that are beyond the control of the Trust and the Sponsor. Low oil and natural gas prices will reduce profits to which the Trust is entitled, which will reduce the amount of cash available for distribution to unitholders and in certain periods could result in no distributions to unitholders. Other important factors that could cause actual results to differ materially include expenses of the Trust, reserves for anticipated future expenses and the effect, impact, potential duration or other implications of the COVID-19 pandemic. In addition, future monthly capital expenditures may exceed the average levels experienced in 2021 and prior periods. Statements made in this press release are qualified by the cautionary statements made in this press release. Neither the Sponsor nor the Trustee intends, and neither assumes any obligation, to update any of the statements included in this press release. An investment in units issued by the Trust is subject to the risks described in the Trust’s filings with the SEC, including the risks described in the Trust’s Annual Report on Form 10-K for the year ended December 31, 2021, filed with the SEC on March 25, 2022. The Trust’s quarterly and other filed reports are or will be available over the Internet at the SEC’s website at http://www.sec.gov.
Permianville Royalty Trust
The Bank of New York Mellon Trust Company, N.A., as Trustee
Sarah Newell 1 (512) 236-6555
AUSTIN, Texas--(BUSINESS WIRE)--#CaliforniaEVs--CLEAResult’s proposed electric vehicle (EV) charging project received a $2 million Reliable, Equitable, and Accessible Charging for multifamily Housing (REACH) grant from the California Energy Commission last month to help speed up affordable access to EV infrastructure in the state. The multifamily project will deploy at least 100 Level 2 EV charging ports to serve 300 multifamily households and leverage CLEAResult’s experience delivering EV charging projects with utilities and Community Choice Aggregators across the country to reach their adoption goals, especially for income-qualified residents.
CLEAResult will first complete engineering design and construction for the project, then install the chargers in each community and operate them for the first five years. This timeline ensures that the project model is set up for long-term sustainability from the start. The team will also prioritize engagement opportunities with property managers and residents early on to make sure everyone’s input is received and value is being added equitably in each community.
“We engage with the full community from start to finish for multifamily EV projects, including management, tenants and property owners in our conversations,” James Russell, Director of CLEAResult's Transportation Electrification practice explains. “It’s a two-way process. Our team educates the community on the benefits of zero emission vehicles, and in turn, stakeholders let us know what they need delivered to make this project successful for them.”
Surveys will be conducted in each community to gage EV interest and better understand people’s barriers to adoption. The company’s team will then host local workshops to answer questions, gather feedback and provide additional educational resources as needed such as information on how to save money on EV purchases or leases.
The project is designed with scalability and equity at the core. Widespread charging access is necessary to make EV adoption possible for all, and CLEAResult expects that 70% of the housing units that get access to charging through this project will be affordable housing, exceeding the grant’s goal of 50%. CLEAResult is ready to move quickly in order to keep up with demand as zero emission vehicle adoption accelerates in California and beyond.
“We have extensive experience with multifamily properties and are very excited for this program,” CLEAResult CEO Rich McBee added. “These are traditionally hard-to-reach communities with some of the highest barriers to entry. So, when we can step in to support people early on, we can really prepare them for a clean energy future that’s affordable and accessible to everyone.”
For more information on CLEAResult’s approach to multifamily EV charging or other transportation electrification projects, please visit clearesult.com/transportation-electrification.
About CLEAResult
CLEAResult is the largest provider of energy efficiency, energy transition and decarbonization solutions in North America. Since 2003, our mission has been to change the way people use energy. Today, our experts lead the transition to a sustainable, equitable, and carbon-neutral future for our communities and our planet. Our hometown teams collaborate with a diverse network of local partners to deliver world-class technology and personalized services that make it easy for commercial and industrial businesses, governments, utilities and residential customers to reduce their energy use and carbon footprint. CLEAResult is headquartered in Austin, Texas, and has over 2,400 employees in more than 60 cities across the U.S. and Canada. CLEAResult is majority owned by TPG through its middle market and growth equity investment platform TPG Growth and its multi-sector global impact investing strategy The Rise Fund.
Explore all our energy solutions at clearesult.com.
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Amber Tester
Director Corporate Communications
HOUSTON--(BUSINESS WIRE)--Ranger Energy Services, Inc. (NYSE:RNGR) (the “Company”) intends to report third quarter 2022 financial and operating results and host an earnings conference call in the morning of Friday, October 28, 2022 at 10:00 a.m. Eastern time (9:00 a.m. Central time).
In consideration of recent performance, the Company now expects revenue to range between $330 and $340 million during the second half of 2022, with an associated Adjusted EBITDA margin average of approximately 15% over that period. Full year revenue is now anticipated to be between $610 and $620 million, which exceeds prior full year revenue guidance of $580 to $600 million. Full year Adjusted EBITDA margins are expected to be near the top end of prior margin guidance of 11% to 13%. This updated guidance reflects very strong performance during the third quarter and accounts for expected holiday and seasonality impacts during the fourth quarter. The Company's CEO, Stuart Bodden, commented, “We are pleased with another quarter of meaningful revenue growth and margin expansion, underpinned by strong performance from all three of our business segments. Ranger is well on its way to achieving its full potential and we are excited to share our story with investors.”
In connection with the reporting of the Company's quarterly results, Management also intends to conduct investor meetings in New York and Chicago during the week of November 13th and encourages any interested investors to reach out to Management for scheduling availability.
Interested parties are invited to participate on the call by dialing 1-669-444-9171 (Meeting ID 91460540653; Passcode 455820) or via the Company’s website at www.rangerenergy.com. A replay of the conference call will be available following the call and can be accessed from www.rangerenergy.com.
About Ranger Energy Services, Inc.
Ranger is one of the largest providers of high specification mobile rig well services, cased hole wireline services, and ancillary services in the U.S. oil and gas industry. Our services facilitate operations throughout the lifecycle of a well, including the completion, production, maintenance, intervention, workover and abandonment phases.
Ranger Energy Services, Inc.
Melissa Cougle, (713) 935-8900
Chief Financial Officer
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DUBLIN--(BUSINESS WIRE)--The "Antireflective Coatings Market By Application, By Technology, By Layer Type: Global Opportunity Analysis and Industry Forecast, 2020-2030" report has been added to ResearchAndMarkets.com's offering.
The global antireflective coatings market was valued at $4.3 billion in 2020, and is projected to reach $8.9 billion by 2030, growing at a CAGR of 7.61% from 2021 to 2030.
Anti-reflection coatings are dielectric coatings designed to reduce reflections and increase transmission through the lens or other optical surfaces. These coatings can control both transmission and reflection properties associated with UV, visible, and near-infrared spectral bands. Anti-reflective coatings are used in many industries such as eyewear, electronics, solar panels, and automobiles.
One of the main factors leading to the surge in demand for anti-reflective coatings is to drive market service and operation to grow during the forecast period. Market factors such as praiseworthy growth in demand for anti-reflective lenses and surge in demand for solar cells can provide immeasurable opportunities for the market; increase its share of the international market. In addition, rise in investment in the healthcare sector is a major reason for leading market growth primarily due to increased awareness among the people regarding advantages of eyewear. The demand for antireflective coatings grows as the future automotive industry grows, due to increased demand for environment friendly vehicles.
In anti-reflective coating market, the main obstacle for the growth of the market is that the target audience is unaware of the use of anti-reflective coating, and the need for the high amount of investment from the investors. Market prices and pricing do not correspond to all consumer income groups, so consumers may hesitate to use them. Technological advances across the globe related to antireflective coatings that are part of the manufacturing, deposition fields, and technologies are key positive attributes which empower the market operations during the current forecast period.
In addition, awareness campaigns and dissemination of correct information about efficient optical devices from end-user applications and products have significant aspects for market growth. The growth in application of anti-reflective coatings application on the screens of smartphones, televisions, laptops, electronics, and solar panels in emerging markets has created favorable opportunities for the global anti-reflective coatings market.
Key Benefits For Stakeholders
Key Market Segments
By Application
By Technology
By Layer Type
By Region
Key Market Players
For more information about this report visit https://www.researchandmarkets.com/r/4wlxjg
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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DEERFIELD, Ill.--(BUSINESS WIRE)--CF Industries Holdings, Inc. (NYSE: CF) today announced appointments related to the Company’s clean energy initiatives.
Erik Mayer has been appointed vice president, clean ammonia growth. In this newly created role, he will lead a team focused on the evaluation and development of CF Industries’ blue ammonia capacity expansion. Mr. Mayer has been with CF Industries for 17 years, most recently serving as vice president, clean energy solutions. He has also been vice president, product management, ammonia, and held numerous roles at the Donaldsonville Complex. Mr. Mayer will report to Ashraf Malik, senior vice president, manufacturing and distribution.
Lei Chen has joined CF Industries as vice president, clean energy solutions. In this role, she will lead a team charged with working across the Company and with potential partners to support the Company’s decarbonization strategy and develop market opportunities for CF Industries to manufacture and sell blue and green ammonia. Ms. Chen brings the Company 20 years of experience in the energy industry. Most recently, she was Head of Business Development in Fuels for Alimentation Couche-Tard / Circle K. Prior to that, she had a long-standing career with BP and held a number of commercial development roles with BP supply, trading, and downstream businesses. Ms. Chen will report to Chris Bohn, senior vice president and chief financial officer.
About CF Industries Holdings, Inc.
At CF Industries, our mission is to provide clean energy to feed and fuel the world sustainably. With our employees focused on safe and reliable operations, environmental stewardship, and disciplined capital and corporate management, we are on a path to decarbonize our ammonia production network – the world’s largest – to enable green and blue hydrogen and nitrogen products for energy, fertilizer, emissions abatement and other industrial activities. Our manufacturing complexes in the United States, Canada, and the United Kingdom, an unparalleled storage, transportation and distribution network in North America, and logistics capabilities enabling a global reach underpin our strategy to leverage our unique capabilities to accelerate the world’s transition to clean energy. CF Industries routinely posts investor announcements and additional information on the Company’s website at www.cfindustries.com and encourages those interested in the Company to check there frequently.
Media
Chris Close
Director, Corporate Communications
847-405-2542 – This email address is being protected from spambots. You need JavaScript enabled to view it.
Investors
Martin Jarosick
Vice President, Investor Relations
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Company Leading Commercialization of World’s First-Ever All-Electric Seagliders to Collaborate with Local Stakeholders on the Regulatory and Infrastructural Framework Vital to Establishing Nice as a Sustainable Coastal Travel Hub
NICE, France--(BUSINESS WIRE)--REGENT, the company pioneering the electric seaglider for sustainable high-speed maritime travel, announced today a memorandum of understanding (MOU) with the city of Nice, France to develop a new means of all-electric regional coastal mobility.
According to the MOU REGENT and the City of Nice agree to advance regulatory and infrastructural frameworks to bring electric seaglider technology to the region, in consultation with local players and industry – a meaningful step in Nice’s efforts to grow sustainably, attract new investments, and increase the efficiency of regional travel for locals and tourists alike.
“We’re looking forward to collaborating with Mayor Estrosi and the opportunity to share our technology and network development expertise with Nice, in the south of France and along the European coast. The future of coastal transportation is well on its way for Nice,” said Billy Thalheimer, CEO and co-founder of REGENT. “In so many ways, this is the perfect city to develop a global mark for one of the world’s first electric seaglider networks, reducing the environmental impact of flights, cars and maritime vehicles that use fossil fuels and making passenger and cargo transportation more accessible and affordable to support the local economy. It’s an ideal solution for this timeless UNESCO World Heritage city.”
As part of the MOU, REGENT and the city of Nice will identify necessary policy reforms, develop best practices for infrastructure zoning and recommend new laws to pave the way for future growth. In the agreement, both parties will collaborate with community organizations to identify transportation gaps and solutions to increase connectivity, especially in underserved areas to increase equity and access. The MOU also includes a framework to create workforce development and educational initiatives to bolster the City’s capacity to support job creation and to build a more efficient coastal mobility system.
With design approval from Paris-based Bureau Veritas in August 2022, REGENT is moving full speed ahead with the development and commercialization of all-electric seagliders, a new mode of zero-emission transportation that combines the high speed of an airplane with the low operating cost of a boat via hydrofoiling technology in coastal areas. With $7 billion in preorders, the Providence, Rhode Island-based company is currently developing its full-scale, 12-person seaglider expected to reach commercial markets in 2025.
On a global scale, REGENT is also building similar seaglider transportation networks in locations such as Hawaii and has an expanding base of international customers to increase global capacity for this innovative mode of transportation.
About REGENT
REGENT is pioneering the future of sustainable maritime mobility. REGENT builds seagliders, a new category of electric vehicle that operates exclusively over the water that will drastically reduce the time and cost of moving people and goods between coastal cities. Seagliders will service routes up to 180 miles at up to 180 mph with existing battery technology and up to 500 miles with next-generation batteries, via existing dock infrastructure. For more information, visit regentcraft.com or follow us on LinkedIn, Twitter, and Instagram.
About the City of Nice (Métropole Nice Côte d’Azur)
The City of Nice is the fifth biggest city in France, and the second biggest on the French Riviera. It provides connections to cities and islands across the Mediterranean, including services to Monaco and Corsica. It is part of the Métropole Nice Côte d’Azur which includes fifty other municipalities in the region and is namely responsible for the development and promotion of maritime activities.
REGENT
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BURLINGTON, Ontario--(BUSINESS WIRE)--$ANRG #ANRG--Anaergia Inc. (“Anaergia” or the “Company”) (TSX: ANRG) is pleased to announce the appointments of Paula Myson as Chief Financial Officer (CFO), and Hani Kaissi as Chief Development Officer (CDO), both effective October 17, 2022.
Ms. Myson has over 25 years of senior leadership experience in financing and operating businesses in the energy, natural resources, and financial services industries. Most recently she was the CFO of a renewable energy company with an international portfolio of projects and operations. Prior to that she was the CFO of a publicly listed gold producer. In addition to providing financial leadership, she has been responsible for corporate development, investor relations, risk management, and information technology. She holds a Master of Business Administration degree from the University of Alberta, is a Chartered Financial Analyst (CFA) charterholder, and holds a Certified Professional in Investor Relations (CPIR) designation.
Mr. Kaissi joined Anaergia in 2010 and had been CFO of Anaergia since 2019. Mr. Kaissi has over 25 years of experience in the water and waste industries. He started his career in the engineering and project management of large-scale infrastructure projects, and has since held senior operations, strategy, product management, corporate development, M&A, and finance positions at ZENON Environmental and General Electric (GE Water & Process Technologies). Mr. Kaissi has a Bachelor of Engineering degree from the American University of Beirut and holds a Master of Business Administration degree from McGill University.
“We are very excited to announce these appointments which enhance Anaergia’s team,” said Andrew Benedek, Chief Executive Officer of Anaergia. “Paula Myson’s CFO experience and wide-ranging business expertise with publicly traded companies and companies that engage in international development projects will be a huge asset to Anaergia. Furthermore, with Hani Kaissi in the newly created CDO position, Anaergia is now better positioned to capitalize on growth opportunities around the world,” added Dr. Benedek.
About Anaergia
Anaergia was created to eliminate a major source of greenhouse gases by cost effectively turning organic waste into renewable natural gas (RNG), fertilizer and water, using proprietary technologies. With a proven track record from delivering world-leading projects on four continents, Anaergia is uniquely positioned to provide end-to-end solutions for extracting organics from waste, implementing high efficiency anaerobic digestion, upgrading biogas, producing fertilizer and cleaning water. Our customers are in the municipal solid waste, municipal wastewater, agriculture, and food processing industries. In each of these markets Anaergia has built many successful plants including some of the largest in the world. Anaergia owns and operates some of the plants it builds, and it also operates plants that are owned by its customers.
For further information please see: www.anaergia.com
For media relations: Melissa Bailey, Director, Marketing & Corporate Communications, This email address is being protected from spambots. You need JavaScript enabled to view it.
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OSLO, Norway--(BUSINESS WIRE)--#Alkaline--Headline of release should read: Nel ASA: Receives a NOK 600 million purchase order from Woodside Energy (instead of Nel ASA: Receives Purchase Order for a Containerized PEM Water Electrolyser in Australia)
The updated release reads:
NEL ASA: RECEIVES A NOK 600 MILLION PURCHASE ORDER FROM WOODSIDE ENERGY
Nel Hydrogen Electrolyser AS, a subsidiary of Nel ASA (Nel, OSE:NEL), has entered into a contract for alkaline electrolyser equipment from Australian company Woodside Energy for its proposed hydrogen project, H2OK, in Ardmore in the state of Oklahoma, US. The contract has a total value of about NOK 600 million.
“We are extremely proud to be elected by Woodside Energy, a quality company with a strong track record of developing high-quality assets, for this exciting and meaningful project”, says Nel’s CEO Håkon Volldal.
H2OK is Woodside’s first hydrogen project in the US, this equipment will support phase 1 of the proposed project (60 tpd). Woodside will site the facility in Ardmore, Oklahoma, an area well suited for hydrogen production with good availability of water and energy. The company will utilize these resources to produce liquid hydrogen to hydrogen fuel cell-powered commercial and heavy transport vehicles.
Woodside Energy is looking to expand its US footprint and is also working on two proposed hydrogen projects in Australia: H2Perth and H2Tas.
The contract with Woodside was signed only a couple of months after Nel received its record size 200 MW purchase order for another large-scale project in the US.
“The electrolyser market is developing favorably for Nel. We are now securing quality contracts with favorable terms and a manageable risk profile. The contract with Woodside will have a substantial positive financial impact on the company”, says Volldal.
“It is extremely exciting to work with the professional team at Woodside to realize a project such as this. The Ardmore project will become an excellent showcase for Nel’s electrolyser technology as it aims to enable broader utilization for renewable energy into transportation and industrial sectors” says Tom Skoczylas, Regional Sales Manager for Nel Hydrogen US.
The electrolyser stacks will be manufactured in Nel’s factory at Herøya, the world’s only fully automated electrolyser facility.
This is a firm purchase order for alkaline stacks, balance of stack (BoS) equipment and engineering for the balance of plant (BoP) equipment (which Woodside will provide). There are pass-through mechanisms for steel and nickel price increases. Woodside aims to proceed with FID in 2023. Production of electrodes is estimated throughout 2024.
About Nel ASA | www.nelhydrogen.com
Nel is a global, dedicated hydrogen company, delivering optimal solutions to produce, store, and distribute hydrogen from renewable energy. We serve industries, energy, and gas companies with leading hydrogen technology. Our roots date back to 1927, and since then, we have had a proud history of development and continuous improvement of hydrogen technologies. Today, our solutions cover the entire value chain: from hydrogen production technologies to hydrogen fueling stations, enabling industries to transition to green hydrogen, and providing fuel cell electric vehicles with the same fast fueling and long range as fossil-fueled vehicles - without the emissions.
Kjell Christian Bjørnsen, CFO, +47 917 02 097
Wilhelm Flinder, Head of Investor Relations, +47 936 11 350
Lars Nermoen, Head of Communications, + 47 902 40 153
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GT2c and GT2h Uniquely Pair Cellular and Hybrid (Dual-Mode) Connectivity with Solar Power for Extended Battery Life and Global Coverage
FORTITUDE VALLEY, Queensland--(BUSINESS WIRE)--Geoforce, a leading global provider of satellite- and cellular-based rugged asset tracking and monitoring solutions, has announced the launch of two new asset trackers that offer flexible and cost-effective coverage options, the industry’s best battery life, and unmatched durability with Zone 0 certification for safe operation in explosive environments. The GT2c and the GT2h asset tracking devices are now available in Australia and New Zealand. These new additions to Geoforce’s existing GT2 product line feature a solar-powered rechargeable battery and a back-up battery, allowing the devices to provide up to 10 years of service life.
The new GT2c device operates on LTE-M low-power cellular IoT networks, offering an optimal solution for operators utilizing assets in cellular service range and who want cost-effective tracking.
The new GT2h device provides a unique hybrid solution that operates on cellular networks where available but automatically switches to global Iridium-powered satellite connectivity if cellular coverage is lost.
These new rugged asset trackers also offer seamless integration with the company’s robust Track and Trace software platform. Geoforce’s Track and Trace platform gives field operations, and equipment management leaders critical visibility into their assets deployed on- or off-road, providing a range of reporting configurations to support each operator’s business requirements.
“The addition of the GT2c and the GT2h to our long-lasting, solar-powered line of tracking devices reinforces Geoforce’s position as a global leader in asset traceability solutions,” said James Maclean III, CEO of Geoforce. “Our GT2 devices underscore Geoforce’s promise that your assets and opportunities can always be in view. We can confidently say that our expanded GT2 line is raising the bar on asset visibility and rugged reliability for our customers around the world.”
The GT2c and GT2h devices join the satellite-only GT2s as key additions to Geoforce’s already comprehensive suite of tracking solutions for businesses operating non-powered assets, powered equipment and fleet vehicles. The full line of intrinsically safe, solar-powered GT2 devices provides Geoforce customers with a wide range of reporting options and industrial-strength durability in even the harshest conditions and most remote locations.
About Geoforce
Combining a cloud-based software platform with ruggedized GPS tracking devices, Geoforce’s Track and Trace solutions bring control to even the most remote field operations. Our asset tracking devices are built for the world’s toughest field operators in oil and gas, equipment rental, rail, construction, mining, transportation, government/defense, and agriculture. Today more than 1,300 customers track 150,000+ assets in more than 90 countries. Headquartered in Dallas, Texas, Geoforce operates a research and development office in Bozeman, Montana, and sales and support offices throughout the U.S. and in Brazil, Australia, and Canada. For more information, visit https://geoforce.com.
Maddison Tailor
469.421.2487 x 1009
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