DUBLIN--(BUSINESS WIRE)--The "Oil and Gas Industry Contracts Analytics by Sector (Upstream, Midstream and Downstream), Region, Planned and Awarded Contracts and Top Contractors, Q2 2022" report has been added to ResearchAndMarkets.com's offering.
This report is an essential source of data on the awarded contracts in the oil and gas industry, The report portrays detailed comparative data on the number of contracts and their value in the quarter, subdivided by region, sector and geographies during the quarter.
Additionally, the report provides information on the top contractors and issuers based on the worth of contracts executed in the oil and gas industry during the quarter by geographies and over the year. Data presented in this report is derived from the publisher's Contracts database, and primary and secondary research.
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For more information about this report visit https://www.researchandmarkets.com/r/wf7q79
Source: GlobalData
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Japanese green energy leader joins E.ON, Philips, Origin Energy and WiL in advancing secure, data-driven trusted distributed computing platform
TOKYO & SAN FRANCISCO--(BUSINESS WIRE)--#CleanEnergy--JERA, Japan’s largest energy generator and global innovator, announced it has led an equity investment round in the Silicon Valley-based trusted distributed computing pioneer, Intertrust.
At the heart of the JERA investment is a strategic partnership with Intertrust to develop a sophisticated digital energy management platform to help combat climate change and deliver clean energy. Robust, secure computing systems and IoT devices will all play an indispensable role in the clean energy transition. JERA and Intertrust will collaborate to address these mission-critical requirements by leveraging “Intertrust Platform™” for the deployment of secure energy systems.
“We are delighted to partner with and invest in Intertrust,” said Dr. Sami Ben Jamaa, JERA’s global chief information and digital officer. “JERA’s goal is to provide clean energy for the growing planet. We are looking forward to collaborating with Intertrust to deliver a revolutionary, new digital energy platform in which Intertrust technology will play a critical role.”
“Intertrust is honored to partner with JERA as we enter our next growth phase,” said Dr. Talal G. Shamoon, Intertrust’s chief executive officer. “JERA is a bright star in a constellation of forward-thinking, strategic investors with a bold vision to use our technology to make the world better, cleaner and more energy efficient.”
Intertrust’s entry into the energy market began in 2016 when German major RWE invested in the company. Since then, Intertrust’s digital systems with secure distributed computing technology have helped global energy companies to harness the power of renewable energy, IoT-enabled power grids that deliver Internet efficiency to the deployment of a new smart infrastructure. Intertrust’s data-driven energy technologies enable operations and management of offshore wind farms, grid planning in the face of climate change, and most recently, a unique new product, Intertrust Home, that enables operators such as telcos to partner with energy companies to deliver clean, affordable energy to their customers.
About JERA
Established in 2015, JERA is an equal joint venture of two major Japanese electric power companies, TEPCO Fuel & Power Incorporated and Chubu Electric Power Company and produces about 30% of all electricity in Japan. JERA is an energy company with global reach that has strength in the entire energy supply chain, from participation in LNG upstream projects and fuel procurement, through fuel transportation to power generation. JERA, which stands for Japan’s Energy for a New Era, will take on the challenge of achieving net zero CO2 emissions from its domestic and overseas businesses by 2050 and is supporting an energy transition in an environmentally and socially responsible manner. For more details: https://www.jera.co.jp/english/
About Intertrust
Intertrust provides trusted computing products and services to leading global corporations–from mobile, consumer electronics, and IoT manufacturers, to service providers and enterprise software platform companies. These include the world’s leading digital rights management (DRM) and technologies to enable private data exchanges for various verticals, including energy, entertainment, retail/marketing, automotive, fintech, and IoT. Founded in 1990, Intertrust is headquartered in Silicon Valley with a presence in major cities throughout Asia, Europe, and North America. The company has a legacy of invention, and its fundamental contributions in the areas of computer security and digital trust are globally recognized. Intertrust holds hundreds of patents that are key to Internet security, trust, and privacy management components of operating systems, trusted mobile code and networked operating environments, web services, and cloud computing. Additional information is available at intertrust.com, or follow us on Twitter or LinkedIn.
For JERA:
Hirotaka Iwase
Public Relations Section, Enterprise Value Creation Group
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For Intertrust:
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MSR Communications
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NORTH BETHESDA, Md.--(BUSINESS WIRE)--ESAB Corporation ("ESAB" or the “Company”) (NYSE: ESAB), a world leader in fabrication and specialty gas control technology, announced today that it will issue a press release providing financial results for the third quarter of 2022 on the morning of Thursday, November 3, 2022. The Company will hold a conference call to discuss these results beginning at 8:00 a.m. Eastern on that day, which will be open to the public by calling +1-888-550-5302 (U.S. callers) and +1-646-960-0685 (International callers) and referencing the conference ID number 4669992 and through webcast via ESAB’s website www.ESABcorporation.com under the “Investors” section.
ESAB’s financial results press release and supplemental information referenced on the call, if any, for the third quarter 2022 will be available under the “Investors” section of ESAB’s website prior to the conference call. A link to a replay of the call will also be available on the ESAB Corporation website later that day.
About ESAB Corporation
ESAB Corporation (NYSE: ESAB) is a world leader in fabrication and specialty gas control technology, providing our partners with advanced equipment, consumables, specialty gas control, robotics, and digital solutions which enable the everyday and extraordinary work that shapes our world. To learn more, visit www.ESABcorporation.com.
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Vice President, Corporate Communications
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The funding will be used to expand production at e-Zinc’s new Mississauga, ON facility and accelerate commercialization efforts
TORONTO--(BUSINESS WIRE)--#Battery--e-Zinc, the company enabling sustainable, long-duration energy storage with its zinc-air battery, announced today that it has closed a USD $7 million venture debt facility with Silicon Valley Bank. e-Zinc will use the funding to further progress its commercialization efforts and execute on high-value commercial pilot projects that provide in-field validation for its batteries.
Following e-Zinc’s recent Series A funding, this venture debt facility from Silicon Valley Bank will provide a flexible and discretionary financial buffer to expand manufacturing operations at its new facility in Mississauga, Ontario. By accelerating production of its commercial energy storage systems, e-Zinc can now deliver on upcoming testing and validation projects within the next ~18 months, such as the Toyota Tsusho Canada Inc. pilot project and its partnership with California Energy Commission (CEC).
“Through the process of finalizing this deal, e-Zinc has developed a strong relationship with Silicon Valley Bank,” said James Larsen, CEO at e-Zinc. “We are excited to work with Silicon Valley Bank as we look to strengthen financing, supply chain, and customer relationships that will positively impact our growth.”
The upcoming pilot projects will further validate that e-Zinc’s sustainable zinc-air battery can reliably provide long-duration energy storage for several days, compared to only a few hours for most other battery types. When its technology is brought to market, e-Zinc’s mission is to displace diesel generators as the standard low-emission alternative and eventually help achieve a 100 percent renewable energy future by pairing its battery with renewable energy sources.
“Silicon Valley Bank is committed to the renewable energy transition and we are excited to work with e-Zinc as it accelerates production of its innovative and impactful long-duration energy storage system,” said Graeme Millen, Managing Director and Climate Tech & Sustainability lead in Canada. “We are proud to support the company in expanding manufacturing operations as it demonstrates the value of its technology in real world settings.”
For more information, visit www.e-zinc.ca.
About e-Zinc
e-Zinc is a zinc-air battery company based in Toronto. The company’s energy storage system can be up to 80 percent more cost effective than comparable lithium-ion systems for long-duration applications. Importantly, its energy storage system can operate in cold and hot climates and is made of abundant and recyclable materials. www.e-zinc.ca.
About Silicon Valley Bank
Silicon Valley Bank, the bank of the world’s most innovative companies and investors, provides commercial banking services, expertise and insights to the technology, life science and healthcare, private equity, venture capital and premium wine industries. Silicon Valley Bank operates in centers of innovation around the world and is one of SVB’s core businesses with SVB Capital, SVB Private and SVB Securities. With global commercial banking services, Silicon Valley Bank helps address the unique needs of its dynamic, fast-growing, innovative clients. Learn more at svb.com.
Media
Brandon Reid for e-Zinc
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NEW YORK--(BUSINESS WIRE)--JPMorgan Chase announced five organizations will receive philanthropic commitments of $3 million each to scale innovative climate resilient affordable housing models. This work is part of the firm’s $400 million five-year commitment to improve housing affordability and stability for households of color, particularly in Black, Hispanic and Latino communities. The five organizations will work primarily in Inland Empire CA, Rio Grande Valley, TX, Buffalo, NY, Washington, D.C., and Miami-Dade County, FL with a goal to generate a broader impact on a national level.
As part of JPMorgan Chase’s strategy to combat the housing affordability crisis, the firm is supporting organizations advancing innovative housing models that can be successfully scaled throughout the country. Through testing new models and collecting lessons learned, these commitments aim to increase the supply of sustainable and affordable housing for households of color across the U.S., as well as influence key stakeholders in the housing industry, including the public and private sectors. This commitment also reflects how the firm is building on previous experience and insights gained through its unique set of business, data, policy and philanthropic resources to help close the housing affordability gap.
The Challenge
Against the backdrop of historically high rents and persistent barriers to homeownership rates for communities of color, Americans are facing a housing supply crisis, with a shortage of nearly 3.8 million units nationwide.1 In addition, the climate crisis has adversely affected housing supply, with extreme weather affecting about 1 in every 10 homes in the United States in 2021.2 Low-income Black, Hispanic and Latino households are often concentrated in locations that are highly vulnerable to environmental disasters, subjecting them to effects of the climate crisis and economic uncertainty.
“In our efforts to advance an inclusive economy, we remain committed to addressing some of the barriers to affordable housing and homeownership to provide family stability and build generational wealth for households of color,” said Abigail Suarez, Head of Neighborhood Development, JPMorgan Chase. “More households deserve accessible options to homeownership and now more than ever we need equitable, sustainable solutions that better equip communities with affordable, climate resilient housing.”
Working with Local Partners to Deliver Impact
Today’s announcement will support organizations working to reverse racial inequities and climate risks embedded in the existing housing system. To address the shortage of energy-efficient and climate-resilient affordable housing, the following organizations will each receive $3 million in philanthropic capital to influence housing construction practices:
“NPHS is grateful for JPMorgan Chase’s investment which will support the use of factory-built housing technology to increase the supply of affordable homeownership and mitigate the impacts of climate change on low-income homeowners,” stated NPHS CEO, Clemente Mojica. “This grant will expand our reach throughout underserved markets and address the systemic obstacles that have historically impeded households of color from achieving and sustaining homeownership.”
To help decarbonize affordable housing, the following organizations will each receive $3 million in philanthropic capital to increase the technical knowledge and financing tools in the housing industry to reduce carbon emissions:
JPMorgan Chase will work with the Urban Institute to support grantees in the execution of their strategies and in the testing and scaling of their innovations, which will include measuring impact and sharing insights with the housing industry to advance housing stability and affordability for Black, Hispanic and Latino households.
“I am pleased that Urban has this great opportunity to help these innovative changemakers accelerate solutions. Together with JPMorgan Chase, we will support, collaborate with, and spread insights from this new group of field-leading grantees, who are working to expand and decarbonize the country’s housing supply, tackle housing affordability, and address the embedded inequities for households of color in our housing system,” said Urban Institute President Sarah Rosen Wartell.
A Firmwide Approach to Supporting Affordable Housing
This philanthropic commitment complements the firm’s sustainability efforts to help advance the transition to a lower-carbon future and support community resilience to the climate crisis, as well as the JPMorgan Chase PolicyCenter’s housing recommendations to increase equitable access to stable, affordable housing. Additional firmwide efforts to help close the housing affordability gap include:
These commitments are part of the firm’s $30 billion commitment to advance racial equity and drive an inclusive economic recovery that was announced in October 2020. To learn more about how JPMorgan Chase is working to bridge the racial wealth gap, visit www.jpmorganchase.com/racialequity.
About JPMorgan Chase
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $3.7 trillion and operations worldwide. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of customers in the United States and many of the world’s most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com
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1 https://www.freddiemac.com/research/insight/20210507-housing-supply
2 https://www.corelogic.com/wp-content/uploads/sites/4/2022/02/CL_CAT-Report-infograph_B5-R.pdf
Meredith Kender
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NEW YORK--(BUSINESS WIRE)--#KBRA--KBRA releases recaps of Informa Connect’s SuperReturn conferences for Private Equity, Energy and Private Credit held on September 12-14 in New York and the Global Secondaries Summit held on September 27 in London.
The overall tone of all four conferences was balanced between enthusiasm for the growth of segments in the economy, such as clean energy, the resurgence and the return of conventional energy, the potential slowdown in fundraising (partly due to the “denominator effect”), the decline in private equity deal flow, and the strong macroeconomic headwinds. There was also discussion in both the SuperReturn Conference and Global Secondaries Summit about the growth in limited partner (LP)- and general partner (GP)-led secondaries, in particular single-asset continuation funds.
Following are the links for both reports:
1. SuperReturn North America’s U.S. Energy and Private Credit Conference Recaps
2. Global Secondaries Summit Conference Recap
About KBRA
KBRA is a full-service credit rating agency registered in the U.S., the EU and the UK, and is designated to provide structured finance ratings in Canada. KBRA’s ratings can be used by investors for regulatory capital purposes in multiple jurisdictions.
Gilbert Ong, CFA, Senior Director
+1 (646) 731-3315
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David Dicker, CFA, Senior Director
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Stephan Richtering, Director
+44 20 8148 1065
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Thomas Speller, CFA, Senior Director, Head of European Funds
+44 20 8148 1025
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Business Development
Mauricio Noé, Senior Managing Director
+44 20 8148 1010
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Constantine Schidlovsky, Senior Director
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THOUSAND OAKS, Calif.--(BUSINESS WIRE)--Kolibri Global Energy Inc. (the “Company” or “KEI”) (TSX: KEI, OTCQX: KGEIF) is pleased to announce that its indirect wholly owned subsidiary BNK Petroleum (US) Inc. (“BNK US”) has obtained an increase in its Borrowing Base to US$25 million on its revolving line of credit (“Credit Facility”) from BOK Financial (“BOKF”). The current outstanding amount drawn on the Credit Facility is US$16.2 million.
Wolf Regener, President and CEO, commented, “We are very pleased to have BOKF’s continued support as we accelerate the development of our Tishomingo project. This increase in our borrowing base provides us with more flexibility and supports our production and cash flow growth initiatives.”
The increase in available borrowing capacity gives BNK US the ability to drawdown an additional US$8.8 million for the further development of the Company’s Tishomingo field in Oklahoma. The facility provides for interest only payments until the June 2026 maturity date, with bi-annual scheduled reserve redeterminations.
About Kolibri Global Energy Inc.
Kolibri Global Energy Inc. is a North American energy company focused on finding and exploiting energy projects in oil, gas, and clean and sustainable energy. Through various subsidiaries, the Company owns and operates energy properties in the United States. The Company continues to utilize its technical and operational expertise to identify and acquire additional projects. The Company's shares are traded on the Toronto Stock Exchange under the stock symbol KEI and on the OTCQX under the stock symbol KGEIF.
Caution Regarding Forward-Looking Information
Certain statements contained in this news release constitute “forward-looking information” as such term is used in applicable Canadian securities laws and “forward-looking statements” within the meaning of United States securities laws (collectively, “forward looking information”), including statements regarding the Credit Facility and the Company’s initiatives.
Forward-looking information is based on plans and estimates of management and interpretations of data by the Company’s technical team at the date the data is provided and is subject to several factors and assumptions of management, including cost inflation of over 20% for the three remaining wells planned for 2022, work and operations in the Company’s 2022 drill program being completed on schedule, future operating costs, forecast prices and costs, estimated production, capital and other expenditures, plans for expected results of drilling activity, that anticipated results and estimated costs will be consistent with management’s expectations, that required regulatory approvals will be available when required, that no unforeseen delays, unexpected geological or other effects, including flooding and extended interruptions due to inclement or hazardous weather conditions, equipment failures, permitting delays or labor or contract disputes are encountered, that the necessary labor and equipment will be obtained, that the development plans of the Company and its co-venturers will not change, that the offset operator’s operations will proceed as expected by management, that the demand for oil and gas will be sustained, that the price of oil will be sustained or increase, that the Company will continue to be able to access sufficient capital through cash flow, debt, financings, farm-ins or other participation arrangements to maintain its projects, and that global economic conditions will not deteriorate in a manner that has an adverse impact on the Company’s business, its ability to advance its business strategy and the industry as a whole.
Forward-looking information is subject to a variety of risks and uncertainties and other factors that could cause plans, estimates and actual results to vary materially from those projected in such forward-looking information. Factors that could cause the forward-looking information in this news release to change or to be inaccurate include, but are not limited to, the risk that any of the assumptions on which such forward looking information is based vary or prove to be invalid, including that the Company or its subsidiaries is not able for any reason to obtain and provide the information necessary to secure required approvals or that required regulatory approvals are otherwise not available when required, that unexpected geological results are encountered, that equipment failures, permitting delays, labor or contract disputes or shortages of equipment or labor or materials are encountered, the risks associated with the oil and gas industry (e.g. operational risks in development, exploration and production; delays or changes in plans with respect to exploration and development projects or capital expenditures; the uncertainty of reserve and resource estimates and projections relating to production, costs and expenses, and health, safety and environmental risks, including flooding and extended interruptions due to inclement or hazardous weather conditions), the risk of commodity price and foreign exchange rate fluctuations, that the offset operator’s operations have unexpected adverse effects on the Company’s operations, that completion techniques require further optimization, that production rates do not match the Company’s assumptions, that very low or no production rates are achieved, that the price of oil will decline, that the Company is unable to access required capital, that occurrences such as those that are assumed will not occur, do in fact occur, and those conditions that are assumed will continue or improve, do not continue or improve, and the other risks and uncertainties applicable to exploration and development activities and the Company’s business as set forth in the Company’s management discussion and analysis and its annual information form, both of which are available for viewing under the Company’s profile at www.sedar.com, any of which could result in delays, cessation in planned work or loss of one or more concessions and have an adverse effect on the Company and its financial condition. The Company undertakes no obligation to update these forward-looking statements, other than as required by applicable law.
Wolf E. Regener +1 (805) 484-3613
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Website: www.kolibrienergy.com
Crusoe to Enhance Existing GAM Assets and Flare Mitigation Services Through Larger Scale, Advanced Operations and Technology
DENVER--(BUSINESS WIRE)--Crusoe Energy Systems LLC (Crusoe) announced today that it has acquired the operating assets of Great American Mining (GAM). The acquisition accelerates Crusoe’s Digital Flare Mitigation® (DFM) business through additional scale and customer relationships while enabling Crusoe to more efficiently reduce the impact of natural gas flaring using Crusoe’s patented DFM technologies and large-scale, advanced operational capabilities. The acquisition integrates GAM’s operations into Crusoe’s DFM systems to utilize stranded and wasted energy resources to power modular data centers and enable energy-intensive computation.
Under the terms of the agreement with GAM, Crusoe has added:
“We value the relationships established by Great American Mining with oil and gas producers in the Bakken oil fields, and look forward to developing these relationships to enhance and expand DFM operations wherever flaring may be a challenge,” said Crusoe’s Co-Founder and Chief Executive Officer, Chase Lochmiller. “Given Crusoe’s industry leading operational efficiency, scale and technology, we believe we can materially improve the overall performance of GAM’s existing asset base to create value and deliver even better results for clients.”
The acquisition of GAM’s assets will add approximately 9% to Crusoe’s capacity. Following the acquisition, Crusoe will have:
“Our belief at Great American Mining is that bitcoin mining is an important solution to stranded gas and flaring problems - problems that have frustrated the oil & gas industry’s efforts to improve environmental performance and efficient use of Earth’s natural resources for decades,” said Todd Garland, Founder and CEO of Great American Mining. “Crusoe is a trailblazing company that successfully pioneered and scaled large-format Digital Flare Mitigation technology and operations. They are the clear leader in the space and I believe Crusoe is best positioned to take our combined business to the next level.”
In April, Crusoe closed a $350 million Series C equity from notable climate and technology venture capital funds. The fundraising secured new capital to accelerate and scale Crusoe’s deployment of Digital Flare Mitigation® technology throughout the United States and abroad in line with the company’s mission to align the future of computing with the future of the climate.
About Crusoe Energy LLC
Crusoe is on a mission to align the future of computing with the future of the climate. They are the pioneers of clean computing infrastructure that reduces both the costs and the environmental impact of the world’s expanding digital economy. By unlocking stranded sources of energy to power crypto, cloud, and data centers, they are creating the future of compute-intensive innovation that reduces emissions rather than adds to them. The world’s appetite for computation, energy, and progress will never stop growing. Crusoe is here to bring energy to ideas in ways that are aligned with the needs of our climate.
To learn more, visit www.crusoeenergy.com and follow Crusoe on Linkedin and Twitter.
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New 40 MW energy storage facility to open in Fallbrook and construction to start on first of four new microgrids at company substations
Video from construction of Fallbrook facility available here
SAN DIEGO--(BUSINESS WIRE)--Following a summer of record temperatures in California, San Diego Gas & Electric (SDG&E) today announced the start of testing for the company’s new 40 MW energy storage project in Fallbrook and the start of construction on one of four energy storage and microgrid projects that will bring an additional 39 MW of battery capacity to the region. SDG&E has been rapidly expanding its energy storage portfolio. The company has about 95 MW of utility-owned energy storage currently available, with another 200+ MW in development.
“Innovations like storage and microgrids are vital to building a more resilient electric grid that can extend the availability of renewable energy into peak demand hours and better prepare communities to manage through emergencies,” said SDG&E Vice President of Energy Innovation Miguel Romero.
During last month’s heatwave, energy storage, in addition to energy conservation efforts, helped California avoid rotating outages. California has increased investment in energy storage since 2020 and the state now has close to 4,000 MW of batteries. These batteries provided an estimated 4% of the electricity supply during peak demand to help avert rotating outages. Within SDG&E’s service territory, utility-scale battery storage systems – utility and third party-owned – served as much as 7% of the regional load during peak hours of the heatwave.
“Extreme weather events, like the recent record heatwave, require our region to strengthen our emergency preparedness and resiliency,” said San Diego City Councilmember Raul Campillo (District 7). “Investing in innovative clean energy technology like the Tierrasanta Microgrid will bolster public safety while also bringing economic opportunity to local, family-owned businesses.”
Microgrids are small-scale grids that can operate independent of or parallel to the larger regional grid will also help keep critical community facilities powered during unexpected outages. Once complete, the Elliott Microgrid will have the ability to power Fire Station 39, the Tierrasanta Public Library/Cool Zone, Tierrasanta Medical Center, Jean Farb Middle School, Canyon Hills High School, and Tierrasanta and Kumeyaay Elementary Schools.
Construction of the Fallbrook energy storage facility has been completed, and the facility is undergoing testing to be connected to the state energy market so the California Independent System Operator (CAISO) can dispatch these resources as needed to balance energy supply and demand throughout the state. The Fallbrook facility will be able to store a total of 40 MW of energy or enough to energize 25,000 homes.
Battery storage works by capturing renewable resources like wind and solar when they are abundant during the day, then sending that energy back to the grid when it is needed, such as at night when the sun has set or when energy supply is tight during hot summer months.
SDG&E is an innovative San Diego-based energy company that provides clean, safe and reliable energy to better the lives of the people it serves in San Diego and southern Orange counties. The company is committed to creating a sustainable future by providing its electricity from renewable sources; modernizing natural gas pipelines; accelerating the adoption of electric vehicles; supporting numerous non-profit partners; and, investing in innovative technologies to ensure the reliable operation of the region’s infrastructure for generations to come. SDG&E is a subsidiary of Sempra (NYSE: SRE). For more information, visit SDGEnews.com or connect with SDG&E on Twitter (@SDGE), Instagram (@SDGE) and Facebook.
Krista Van Tassel
San Diego Gas & Electric
877-866-2066
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Twitter: @sdge
APG Acquires 49% Equity Stake in Gemini for Largest Dutch Pension Fund
Primergy to Continue Construction and Operational Management
NEW YORK--(BUSINESS WIRE)--Quinbrook Infrastructure Partners (“Quinbrook”), a specialist investment manager focused exclusively on the new infrastructure needed for the energy transition, and its portfolio company Primergy Solar (“Primergy”) announced today the sale of a minority equity stake in its US$1.2 billion Gemini Solar + Storage project outside of Las Vegas to APG, the largest pension asset manager in the Netherlands. APG has agreed to acquire a 49% equity ownership in the project on behalf of its pension fund client ABP.
Earlier this year, Quinbrook and Primergy began seeking equity partners for Gemini, a 690MWac solar plus 1,416 MWh battery energy storage facility. APG was selected by Quinbrook and Primergy following the receipt of multiple offers from a diverse group of prospective investors ranging across the industrial and financial investor landscape. APG is an experienced investor in US renewables and has several direct investments in utility-scale solar and storage assets in the US. Gemini will be APG’s largest single solar + storage investment to date. Once complete and operational in 2023, Gemini is expected to generate enough clean energy to power more than 400,000 homes during peak periods and displace 1.5 million metric tons of CO2 annually.
Gemini is currently the largest solar + storage project under construction in the US and recently closed a record breaking US$1.9 billion tax equity and debt financing led by Bank of America, Truist, KeyBanc, MUFG, and NORD/LB. Truist Securities also advised Quinbrook and Primergy on the transaction.
David Scaysbrook, co-founder and Managing Partner of Quinbrook commented, “We are very excited to welcome APG as a partner to Quinbrook and Primergy as we advance construction of such a milestone project for US clean energy. Given the scale and impact of Gemini, we felt APG was an exemplary partner for us that is differentiated by its sophisticated approach to the Gemini project and to the US renewables market more generally. Our Primergy team will continue to manage the construction and operational phases of Gemini with some exciting milestones coming up as the mammoth Gemini Project takes shape.”
Ty Daul, CEO of Primergy Solar added, “The size, innovative integration of battery storage and siting on federal lands makes Gemini one of the most sophisticated clean energy projects ever developed. We are thrilled that APG, an experienced US renewables investor, is confident in our team’s capabilities to continue to build, and then to operate and maintain one of the largest solar plants ever constructed. Gemini is one of the first large-scale projects to approach clean energy development in a holistic way that successfully integrates ecosystem management and a commitment to local partnerships as well as delivering numerous other ESG related benefits. Together with Quinbrook, we look forward to partnering with APG in delivering a monumental clean power project for Nevada.”
Steven Hason, Managing Director of Americas Real Assets for APG, stated “As a responsible investor, we are always looking for infrastructure investments that bring long-term financial returns for our pension clients and that have positive environmental and social impacts. This transaction represents an ideal opportunity to invest in a state-of-the-art energy project that will provide clean, renewable electricity for Nevada. We look forward to working with our partners who share our long-term investment goals with regard to this critical infrastructure asset.”
About Quinbrook
Quinbrook Infrastructure Partners (http://www.quinbrook.com) is a specialist investment manager focused exclusively on renewables, storage and grid support infrastructure needed to drive the energy transition in the US, UK and Australia. Quinbrook is led and managed by a senior team of power industry professionals who have collectively invested c.USD 8.2 billion of equity in energy infrastructure assets since the early 1990s, representing a total enterprise value of c.USD 28.7 billion or 19.5 GW of power supply capacity. Quinbrook has completed a diverse range of direct investments in both utility and distributed scale onshore wind and solar power, battery storage, reserve peaking capacity, biomass, fugitive methane recovery, hydro and flexible energy management solutions in the US, UK, and Australia. Quinbrook is currently developing and constructing some of the largest renewables and storage infrastructure projects ever undertaken in the US, UK, and Australia.
About Primergy
Primergy is a developer, owner and operator focused on both distributed and utility scale solar PV and battery storage projects in North America with portfolios of over 8 GW of solar and battery energy storage projects in development, construction and operations in 17 different states. Primergy features a diverse and talented team with decades of experience in renewables project development, financing, construction and operations. Primergy is a portfolio company of Quinbrook Infrastructure Partners and represents Quinbrook’s principal solar and solar plus energy storage investment platform in North America.
About APG
APG is the largest pension provider in the Netherlands. With approximately €558 billion in AUM, APG invests on behalf of Dutch pension funds and their 4.8 million participants. In addition to asset management, APG provides executive consultancy, pension administration, pension communication and employer services. APG has a global presence with offices in Heerlen, Amsterdam, Brussels, New York, and Hong Kong, as well as satellite sites in Shanghai and Beijing. APG has been an active infrastructure investor since 2004, investing over €17.0 billion to date. APG's investments include assets within power & utilities, energy, telecommunications, and transport infrastructure. APG's Global Infrastructure team is comprised of 40 investment professionals. For more information, visit: https://apg.nl/en.
Quinbrook Media:
Jennifer Pflieger
+1 (212) 446-1866
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Primergy Media:
Alex Autry
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The organization’s widely-cited estimate of assets under management in the global impact investing market tops USD $1 trillion for the first time, reflecting more comprehensive measurement and ongoing market growth.
NEW YORK--(BUSINESS WIRE)--The Global Impact Investing Network (GIIN), the global champion of impact investing, announced at today’s convening of the GIIN Investor Forum that it now estimates the size of the worldwide impact investing market to be USD $1.164 trillion, marking the first time that the organization’s widely-cited estimate has topped the USD $1 trillion mark. The figure, which is the central finding of the GIIN’s new 2022: Sizing the Impact Investing Market report, reflects an increasingly comprehensive measurement of impact investments globally and ongoing growth in the market.
The report, which was produced with the financial support of Nuveen, also spotlights two major areas of development relevant to impact investing: green bonds and corporate impact investing practices. Since their inception in 2008, green bonds — a typical bond instrument where the proceeds are specifically used to finance or re-finance projects that are labeled as green — have become increasingly widespread among public and private institutions alike. Meanwhile, shareholder pressure in recent years to invest cash reserves productively, coupled with stakeholder demands for corporations to help address major global challenges, has led to the rise of corporate impact investing.
GIIN Co-Founder and CEO Amit Bouri described the new market size estimate as a sign of the impact investing industry’s “undeniable momentum,” when revealing the number during his keynote speech at the forum. The comprehensive estimate of market size is a foundational data point for the still-growing industry – allowing industry players to compare impact investing to related sustainability-focused investment approaches, track the volume of capital flows into impact investing, and evaluate the changing nature of the market itself.
“We now estimate the global impact investing market has grown to more than one trillion dollars. This represents a significant milestone for the industry as it matures and grows in sophistication,” said Bouri. “While the market growth to $1.164 trillion serves as a very positive sign for impact investing, it is also a call for further action. Investing more capital with an intentional focus to generate positive impact is required right now if we truly want to meet the UN Sustainable Development Goals by 2030 and achieve net zero emissions by 2050.”
“As responsible investing moves into the mainstream, in addition to their expectation that robust ESG principles are being applied to portfolios, many investors are also embracing impact investing, which seeks to produce direct benefits for people and the planet while generating market-rate returns,” said Amy O’Brien, Head of Responsible Investing at Nuveen. “We are so pleased to have sponsored this report, which demonstrates the growth in demand for impact investments we have seen from clients in recent years. We look forward to continue assisting our clients as they look for new ways to deploy capital while seeking to address some of the most critical sustainable development challenges of our day.”
The GIIN estimates that more than 3,349 organizations currently manage the industry’s USD $1.164 trillion in impact investing assets worldwide. The market sizing report also includes subsamples that reveal the following:
To produce this new market sizing estimate, the GIIN followed a four-step research methodology which resulted in the creation of the most expansive database capture of impact investors in GIIN history. First, the GIIN research team compiled a database of known impact investing organizations based on the GIIN’s existing data assets and data provided by the following third-party investor networks and data houses: National Community Investment Fund (NCIF), Phenix Capital Group and Pitchbook. Then, it collected data on organizational-level impact assets under management. Next, it estimated the impact assets under management of organizations for which data was unavailable. And finally, it estimated the portion of the impact investing universe not captured in its analysis to that point. To learn more about the data analyzed in the report and the GIIN’s methodology, please visit the GIIN’s research repository.
“The results of this market sizing study should fill us with optimism and determination,” said Bouri. “We should be optimistic about the capacity of the impact investing market to enact positive change, and we must be determined to continue to grow the use of impact investing as a critical strategy to address the challenges of our time.”
About the Global Impact Investing Network
The Global Impact Investing Network (GIIN) is the global champion of impact investing, dedicated to increasing the scale and effectiveness of impact investing around the world. Impact investments are investments made into companies, organizations, and funds with the intention to generate positive, measurable, social and environmental impact alongside a financial return. Impact investments can be made in both emerging and developed markets and target a range of returns from below market to market rate, depending upon investors’ objectives. The GIIN builds critical infrastructure and supports activities, education, and research that help accelerate the development of a coherent impact investing industry. For more information, please visit www.thegiin.org.
About Nuveen
Nuveen has supported the financial futures of millions of investors for over 120 years. Under the leadership of TIAA, we invest in the growth of businesses, real estate, infrastructure, farmland and forests while building long-term relationships with clients from all over the globe. With expertise across income and alternatives, and as one of the first in the industry to practice responsible investing, we continue to expand our capabilities while maintaining our legacy as a leading investment manager.
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GIIN
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BackBay Communications
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Standardized requirements will be instrumental for environmental credits enabling commercialization of forestry waste-derived renewable fuels
COLUMBIA, La.--(BUSINESS WIRE)--Today, the U.S. Forest Service (Forest Service), an agency of the U.S. Department of Agriculture, awarded Strategic Biofuels a cooperative agreement under its Wood Innovations Program for the first phase of a multiphase project to develop a robust, auditable cloud-based system for demonstrating compliance of forestry feedstock with the Environmental Protection Agency (EPA) regulations under the federal Renewable Fuel Standard (RFS). Strategic Biofuels is the leader in developing negative carbon footprint renewable fuels production facilities.
“Innovative biofuels technologies are emerging at a time when our forests, especially those with high wildfire risk conditions, need them the most. Passengers in the U.S. will soon be flying on airplanes powered by forest residuals from forest restoration projects and forest products facilities,” said Julie Tucker, National Wood Innovations Program Manager of Bioenergy, Biofuels, and Bioproducts, U.S. Forest Service. “Historically, forest residuals have been a disposal challenge. The Renewable Fuel Standard helps change that by giving the renewable energy sector a financial incentive to convert these unwanted forest residuals to high value biofuels and renewable electricity. EPA must ensure that forest residuals receiving credit under the Renewable Fuel Standard are qualifying feedstock. We also want them to be sustainably sourced. This initiative with Strategic Biofuels is an exciting opportunity to do that.”
The project is aimed at funding the development of a user-friendly, cost effective, and fraud-resistant gold standard tracking system that enables the forestry feedstock sector to supply the raw data that can accurately and conveniently be transmitted to the biofuel producer and validated by a third-party auditor for EPA compliance. Strategic Biofuels was selected to lead this initiative, as the company’s Louisiana Green Fuels project in Columbia, Louisiana is expected to be the first carbon negative commercial renewable fuels plant in the world using forestry feedstock. The company will lead a core team of senior leaders to execute and deliver the project including:
“Creating an auditable system that fully meets EPA requirements for documenting and validating feedstock qualification, source or origin, and chain of custody currently presents significant challenges for using woody biomass as a feedstock for renewable fuels,” said Dr. Paul Schubert, CEO of Strategic Biofuels. “We appreciate the opportunity to play a lead role in establishing the tracking criteria for our industry and to use our Louisiana Green Fuels project as the model.”
The core team will be supported by an advisory team that will provide input including stakeholder identification and engagement; review and recommendations; and other work identified as needed for the success of the project. While advisory team members have not been named, it will include representatives from the National Association of State Foresters, American Loggers Council, and organizations representing private non-industrial, industrialized, and tribal forest landowners.
About the U.S. Forest Service
The U.S. Forest Service, an agency of the U.S. Department of Agriculture, manages the nation’s 154 national forests and 20 national grasslands. In addition to managing 193 million acres of land, the agency provides financial and technical assistance to diverse stakeholders engaged on forest issues and is also the largest forestry research organization in the world.
About Strategic Biofuels
Strategic Biofuels LLC is a team of energy, renewable technology, petrochemical, and project development experts focused on developing a series of deeply negative carbon footprint facilities in northern Louisiana that convert waste materials from managed forests into renewable diesel fuel and renewable naphtha. The fuel qualifies for substantial Carbon Credits under the Federal Renewable Fuel Standard Program and the California Low Carbon Fuels Standard.
Hunter Dodson
512-448-4950
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Hero Motocorp Launches VIDA V1 – India’s First Fully-integrated Electric Scooter
JAIPUR, Rajasthan, India--(BUSINESS WIRE)--#EV--“The launch of VIDA V1, powered by Hero, heralds a new chapter in sustainable mobility. VIDA meaning ‘life’, is a promise of a better world. An affirmation of life itself! A quality of life that ensures wellness, vitality, joy, and the permission to dream! The VIDA V1 will play a crucial role by reducing tail-pipe emissions, promoting eco-friendly behavior and leading to a conscious shift in overall consumption patterns. We must redesign the entire value system and ecosystem of a product and service to have meaningful results for the future of our planet. We have taken the responsibility to contribute towards building a sustainable future, so that the generations that come after us inherit a better planet. With our tagline ‘Make Way’, VIDA V1 is paving the path to a greener & cleaner planet.”
Dr. Pawan Munjal,
Chairman and CEO
Hero MotoCorp
Ushering in an era of sustainability and clean mobility, VIDA V1 – Powered by Hero – the new age fully-integrated electric vehicle (EV), made its debut.
Designed and developed at Hero’s state-of-the-art R&D hubs, the Centre of Innovation and Technology (CIT) in Jaipur and the Hero Tech Centre Germany (TCG) near Munich, VIDA V1 is being manufactured at Hero MotoCorp’s Garden Factory at Chittoor, in the southern Indian state of Andhra Pradesh.
The development and production of the VIDA V1 follows all-encompassing approach to sustainability involving compliance with strict environmental and social standards in the extraction of raw materials, plus the use of electricity from renewable sources and a high proportion of recycled materials.
CHARGING INFRASTRUCTURE
VIDA, powered by Hero offers a comprehensive Charging package for maximum flexibility based on numerous customized programs for hassle-free charging at home, on the road and at work.
VIDA V1 will come with a removable battery. It can be integrated at home to enable safe and convenient charging up to 11kW.
Hero MotoCorp aims to build one of the best charging networks in the two-wheeler segment with fast chargers and welcomes owners of electric two-wheelers of all brands for fast and convenient charging.
IMPRESSIVE BATTERY TECH
VIDA V1 features a high-voltage Li-Ion based battery with Nickel Manganese Cobalt chemistry having a net energy content of 3.94 kWh in VIDA V1 Pro and for the VIDA V1 Plus has a net energy content of 3.44 kWh. Batteries can stand shock loads and have gone through many industry-first test protocols for reliability.
VIDA V1 goes up a gradient of 18+ degrees with a 60 % SOC and 2 riders. It comes with standard five-year warranty for 50,000 kms. The batteries are covered by a three-year warranty or up to 30,000 kilometers.
Both the variants are available in four modes – Sport, Ride, Eco & Custom. The VIDA V1 Pro offers a range of 165 kms and VIDA V1 PLUS offers a range of 143 kms.
VIDA V1 and its systems have gone through 200,000 kilometers of testing and validation, and feedback loops that have run for 25,000 hours.
VIDA V1 has been designed and tested for
SMART-TECH
VIDA V1 provides the customer geo-fencing, speed and distance limits. With these and real time tracking, the riders can
The 7 inches TFT is an intelligent HMI having a touchscreen enabled Over The Air for easy functionality. The smart 2-way throttle is able to provide reverse and regenerative assist.
The limp home feature keeps the rider agnostic of being stranded, since VIDA V1 offers the rider an ability to drive at 10kmph for about 8 kilometers to a location of choice, in case the SOC drops below a pre-defined limit.
VIDA CLOUD
An exclusive interface that engages the rider, vehicle and the service backend to enhance efficiency and reinforce the worry-free experience. The technology interfaces through AR, Prognostics, remote diagnostics to repair on-site, book a charging station slot, the analytics, ML enhances the rider’s ownership experience.
ELECTRIC POWER TRAIN TECHNOLOGY
VIDA V1 features a highly integrated e-drive unit within a single housing that has a PMSM electric motor, IP 68 compliant and transmission. It gives you a top speed of 80 kmph, acceleration from 0 to 40kmph in 3.2 seconds with a maximum output of 6kW.
CUSTOMER PROPOSITIONS
Hero MotoCorp also announced a slew of first-of-its kind customer propositions and services.
Green EMI: an efficient and seamless financing platform which will not only offer an easy paper less journey but also best-in-class interest rates at 1.5-2% lesser than the prevailing financial options in the market.
Buy-Back scheme: that provides comfort & confidence to all first time EV buyers, with a first-in-industry assurance of vehicle buy-back at 70% of purchase value between the 16th to 18th months of vehicle ownership.
In yet another first-of-its-kind initiative in this category, VIDA V1 will be available to customers for TEST-RIDE FOR UP TO THREE DAYS. In addition to Pick- up and drop, it also offers another industry-first initiative – REPAIR ON-SITE – with customer executives available to provide service anywhere.
As much as the digital assets reinforce Hero MotoCorp’s Tech First approach to VIDA, the Company is also creating a host of physical assets, including innovative and exciting Experience Centers at key locations and pop ups in popular malls, designed to provide an immersive and a completely differentiated experience to customers.
For product specification details, click on the following website:
https://www.vidaworld.com/vida-v1.html
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GREENEVILLE, Tenn.--(BUSINESS WIRE)--Forward Air Corporation (NASDAQ:FWRD) will release its third quarter 2022 earnings after the market closes on Wednesday, October 26, 2022 and hold a conference call to discuss those results on the following day, Thursday, October 27, 2022 at 9:00 a.m. EDT. The Company’s conference call will be available online on the Investor Relations portion of the Company’s website at www.forwardaircorp.com, or by dialing (844) 291-5490, Access Code: 6420664. Since we use our Investor Relations website as a primary mechanism to communicate with our investors, investors are urged to monitor the Investor Relations portion of the Company’s website to easily find or navigate to current and pertinent information about us. A replay of the conference call will be available on the Investor Relations portion of the Company’s website at www.forwardaircorp.com beginning shortly after completion of the live call.
About Forward Air Corporation
Forward Air is a leading asset-light provider of transportation services across the United States and Canada. We provide expedited less-than-truckload services, including local pick-up and delivery, shipment consolidation/deconsolidation, warehousing, and customs brokerage by utilizing a comprehensive national network of terminals. In addition, we offer final mile services, including delivery of heavy-bulky freight, truckload brokerage services, including dedicated fleet services; and intermodal, first-and last-mile, high-value drayage services, both to and from seaports and railheads, dedicated contract and Container Freight Station warehouse and handling services. We are more than a transportation company. Forward is a single resource for your shipping needs. For more information, visit our website at www.forwardaircorp.com.
This press release may contain statements that might be considered forward-looking statements or predictions of future operations. Such statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and are based on management’s belief or interpretation of information currently available. These statements and assumptions involve certain risks and uncertainties. Actual events may differ from these expectations as specified from time to time in filings with the Securities and Exchange Commission. We assume no duty to update these statements as of any future date.
Forward Air Corporation
Brandon Hammer, 423-636-7173
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Two C65 kW ATEX Systems Will Provide Prime Power to an Unmanned Platform
LOS ANGELES--(BUSINESS WIRE)--$CGRN #Biogas--Capstone Green Energy Corporation (NASDAQ: CGRN), a global leader in carbon reduction and on-site resilient green energy solutions, announced that Sekito, Capstone's exclusive distributor in Malaysia and Brunei, has secured an order for two 65 kW systems from a leading independent upstream oil and gas company. The microturbines will be deployed at an unmanned offshore platform on the northwest coast of Malaysia. The microturbines systems are expected to be commissioned in Fall 2023.
The latest win in Malaysia comes on the heels of Capstone's distributor Ractive Engineering in Trinidad and Tobago, who also recently secured an order for two C65 ATEX-certified microturbine systems providing a reliable power source for an unmanned gas platform located on the eastern coast of Trinidad.
"For major oil and gas companies with unique power generation requirements on offshore platforms, Capstone microturbine systems solve multiple challenges at once. Our technology operates reliably with minimal maintenance while improving energy resiliency for critical infrastructure, all while lowering the carbon footprint of these sites," said Darren Jamison, Chief Executive Officer of Capstone Green Energy. "This combination of reliability, resilience, and decarbonizing energy production is appealing to our oil and gas customers and across the various industries, as evidenced by our recent orders."
The ATEX-certified microturbines will serve as the primary power source for the unmanned drilling platform and allow the operator to increase on-platform power availability. Often used for oil and gas exploration and production, Capstone's ATEX-certified systems are designed to meet the unique requirements for offshore applications, which includes superior corrosion protection and other optional features. The new system will replace an obsolete Calnetix Power Solutions TA100 microturbine currently at the site.
The new microturbine systems will run on raw associated gas released from the wellhead, providing a highly reliable power source to the entire platform. As a result, the installation will be fully automated and operate remotely. The microturbines do not require oil or lubricants to operate, and they deliver power via state-of-the-art power electronics. This translates into higher equipment availability and longer maintenance intervals, providing a significant performance advantage when compared to traditional reciprocating engines.
"We are dedicated to finding smart, practical, and environmentally friendly ways to use energy to provide effective solutions for our customers. Our focus is on providing power generation and control systems, service, and support to our customers," said Mohd Azam, Managing Director of Sekito.
About Sekito
Sekito was established to fulfil the demand for power generation and control solutions to major industries, especially in the oil and gas sector. Our core business of power generation solutions utilizes Capstone Microturbines, which are primarily used in oil and gas applications for unmanned platforms to deliver continuous power using the wellhead gas supply. Sekito's other business lines include Electrical Panel and System Integration Services for all Low-Voltage Panel Ratings. Our range of services include design, fabrication, installation, commissioning, testing and maintenance.
About Capstone Green Energy
Capstone Green Energy (NASDAQ: CGRN) is a leading provider of customized microgrid solutions and on-site energy technology systems focused on helping customers around the globe meet their environmental, energy savings, and resiliency goals. Capstone Green Energy focuses on four key business lines. Through its Energy as a Service (EaaS) business, it offers rental solutions utilizing its microturbine energy systems and battery storage systems, comprehensive Factory Protection Plan (FPP) service contracts that guarantee life-cycle costs, as well as aftermarket parts. Energy Generation Technologies (EGT) are driven by the Company's industry-leading, highly efficient, low-emission, resilient microturbine energy systems offering scalable solutions in addition to a broad range of customer-tailored solutions, including hybrid energy systems and larger frame industrial turbines. The Energy Storage Solutions (ESS) business line designs and installs microgrid storage systems creating customized solutions using a combination of battery technologies and monitoring software. Through Hydrogen & Sustainable Products (H2S), Capstone Green Energy offers customers a variety of hydrogen products, including the Company's microturbine energy systems.
To date, Capstone has shipped over 10,000 units to 83 countries and estimates that in FY22, it saved customers over $213 million in annual energy costs and approximately 388,000 tons of carbon. Total savings over the last four years are estimated to be approximately $911 million in energy savings and approximately 1,503,100 tons of carbon savings.
For customers with limited capital or short-term needs, Capstone offers rental systems; for more information, contact: This email address is being protected from spambots. You need JavaScript enabled to view it..
For more information about the Company, please visit www.CapstoneGreenEnergy.com. Follow Capstone Green Energy on Twitter, LinkedIn, Instagram, Facebook, and YouTube.
Cautionary Note Regarding Forward-Looking Statements
This release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995, including statements regarding expectations for green initiatives and execution on the Company's growth strategy and other statements regarding the Company's expectations, beliefs, plans, intentions, and strategies. The Company has tried to identify these forward-looking statements by using words such as "expect," "anticipate," "believe," "could," "should," "estimate," "intend," "may," "will," "plan," "goal" and similar terms and phrases, but such words, terms and phrases are not the exclusive means of identifying such statements. Actual results, performance and achievements could differ materially from those expressed in, or implied by, these forward-looking statements due to a variety of risks, uncertainties and other factors, including, but not limited to, the following: the ongoing effects of the COVID-19 pandemic; the availability of credit and compliance with the agreements governing the Company's indebtedness; the Company's ability to develop new products and enhance existing products; product quality issues, including the adequacy of reserves therefor and warranty cost exposure; intense competition; financial performance of the oil and natural gas industry and other general business, industry and economic conditions; the Company's ability to adequately protect its intellectual property rights; and the impact of pending or threatened litigation. For a detailed discussion of factors that could affect the Company's future operating results, please see the Company's filings with the Securities and Exchange Commission, including the disclosures under "Risk Factors" in those filings. Except as expressly required by the federal securities laws, the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, changed circumstances or future events or for any other reason.
Capstone Green Energy
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Three New Resorts Added to Vacation Company Portfolio
BOCA RATON, Fla.--(BUSINESS WIRE)--Bluegreen Vacations Holding Corporation (NYSE: BVH) (OTCQX: BVHBB) (“Bluegreen Vacations,” “Bluegreen,” or the “Company”), a leading vacation ownership company, announced its recent acquisition of a 320-room resort and spa in Panama City Beach, Florida and two buildings in the Streamside at Vail Resort enclave in Vail, Colorado.
Bluegreen currently plans to convert the 320-guestroom resort and spa, formally branded and managed as a Sheraton®, to 200 rooms, consisting of studios, one bedroom, two-bedroom and presidential suites and add a new sales preview center. The property, which includes a full-service spa, four restaurants, a private marina and beach as well as pools, tennis courts and fitness center, will receive additional enhancements to building exteriors, public areas and other improvements.
The Panama City Beach Resort and Spa is Bluegreen’s second acquisition in 2022 having acquired property at Streamside at Vail in July. The company’s purchase of the Vail property will add 46 units of one-bedroom and one-bedroom loft to Bluegreen’s growing inventory and provide access to a range of amenities including clubhouse, spa, fitness center and shuttle service to local attractions. Plans are underway to renovate guest rooms, building exterior, and infrastructure in early 2023.
“Bluegreen Vacations is committed to identifying iconic destinations across the country from which to fly our flag,” said Ray Lopez, Executive Vice President, Chief Operating Officer and Chief Financial Officer of Bluegreen Vacations. “Panama City Beach, ranked among the top beach destinations in the US and the Colorado Rockies, has long been of interest to our owners. Both properties have well-established, desirable amenities which provide Bluegreen with an exciting product to offer our owners,” Mr. Lopez added.
In addition to acquiring two resorts in Panama City Beach, Florida and Vail, Colorado, Bluegreen Vacations announced it has broken ground on a new resort in Pigeon Forge, Tennessee. Slated to open in 2024, the new resort will feature 67 guest accommodations including three-bedroom presidential suites with upgraded in-room amenities designed for comfort and relaxation. The project will also include an expansive sales preview center.
“The majestic Smokey Mountains have been a popular destination among Bluegreen’s owners,” said Dusty Tonkin, Executive Vice President and Chief Sales & Marketing Officer of Bluegreen Vacations. “Adding a new resort in this region allows us to not only address our owner demand but gives us an opportunity to provide our owners with new experiences and introduce new owners to this inspiring destination,” he said.
About Bluegreen Vacations:
Bluegreen Vacations Holding Corporation (NYSE: BVH; OTCQX: BVHBB) is a leading vacation ownership company that markets and sells vacation ownership interests and manages resorts in popular leisure and urban destinations. The Bluegreen Vacation Club is a flexible, points-based, deeded vacation ownership plan with 69 Club and Club Associate Resorts and access to nearly 11,200 other hotels and resorts through partnerships and exchange networks. The Company also offers a portfolio of comprehensive, fee-based resort management, financial, and sales and marketing services to, or on behalf of, third parties.
Please note: Construction plans and amenities are subject to change. Unit availability and inclusion into the Bluegreen Vacation Club may be delayed, is not guaranteed and is subject to meeting all applicable licensing, registration and governmental requirements.
For further information, please visit us at www.BVHCorp.com
Bluegreen Vacations Holding Corporation Contact Info
Investor Relations: Leo Hinkley, Managing Director, Investor Relations Officer
Telephone: 954-399-7193
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Bluegreen Vacations Contact Info:
Media and Public Relations: Marcia McLaughlin
Telephone: 561-912-8115
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BURLINGTON, Mass. & NEW MILFORD, Conn.--(BUSINESS WIRE)--FirstLight Power, a leading clean provider of renewable energy and energy storage resources, today announced two major clean energy transition initiatives that demonstrate the company’s commitment to environmental justice, which will benefit Connecticut and the entire New England region. During an event with state leaders, local officials, and community members, FirstLight highlighted the company’s plans to retire its fossil fuel power generation facility in Preston – the last fossil unit in the company's fleet – and replace it with a large capacity 17 MW battery energy storage system.
The Tunnel Battery project will be located at the same site as FirstLight’s Tunnel Hydro facility, highlighting the opportunity to pair batteries with hydropower to supply renewable energy to Connecticut communities when it is most needed. In addition, to support the transition to a clean energy economy, FirstLight and its development partner, New Leaf Energy, announced seed funding to bolster Operation Fuel’s critical efforts to provide training to local workers as they join the state's growing energy efficiency and renewable energy workforce.
“The retirement of our Tunnel Jet facility – along with our support of Operation Fuel’s workforce training program – underscore FirstLight’s commitment to advancing the equitable decarbonization of the region’s electrical grid while ensuring that local workers have the necessary training to join Connecticut’s growing clean energy economy,” said Alicia Barton, President and CEO of FirstLight. “We are excited to be working with New Leaf Energy to develop a new emissions-free battery energy storage system that will deliver clean, safe, and reliable electricity to meet Connecticut’s growing clean energy needs. In addition, we applaud Operation Fuel for their vision to establish an equity-centered workforce training program that will provide an opportunity for all Connecticut residents to tap into the green jobs market and build the workforce necessary to achieve a carbon-free future.”
As the only year-round emergency energy assistance program in Connecticut, Operation Fuel partners with 58 organizations in the state, including nearly all the Community Action Agencies that operate the federal Low Income Home Energy Assistance Program (LIHEAP). Collectively, FirstLight and New Leaf Energy will donate $60,000 in initial seed funding to advance Operation Fuel’s vision to create a robust training program to build the clean energy workforce of the future that will play a critical role in supporting the clean energy transition in Connecticut and beyond.
“Operation Fuel is extremely grateful to FirstLight and New Leaf Energy for this generous grant that will be used to provide energy efficiency training to our staff at Operation Fuel and assist in the support of an emergency energy assistance worker at our partner fuel bank, Thames Valley Council for Community Action,” said Brenda Watson, Executive Director of Operation Fuel. “We appreciate this opportunity to expand Operation Fuel’s capabilities to become part of Connecticut’s growing energy efficiency and renewable energy efforts. This grant will also allow members of our team to become home auditors and to understand building science principles.”
Immediately following the retirement and decommissioning of the Tunnel Jet peaking facility in 2023, FirstLight will work with New Leaf Energy to design, manage, and procure the new 17 MW battery energy storage system. Construction will begin following procurement, and potentially as soon as the interconnection and permits are secured for the project – with a target of late 2024 or early 2025.
“New Leaf Energy is excited to advance this important project at FirstLight’s Tunnel Jet facility, part of an innovative collaboration that will help create hybrid renewables solutions across New England by combining solar and energy storage resources with existing generation,” said Dan Berwick, CEO of New Leaf Energy. “In addition to our work to decarbonize the region’s power generation, we are pleased to partner with FirstLight to support Operation Fuel’s important workforce training efforts.”
The retirement of the company’s last fossil fuel peaking facility follows several strategic partnerships that have further solidified FirstLight as a leading owner and operator of critical energy storage and renewable energy assets. Earlier this year, FirstLight announced a new partnership in Connecticut to advance new hybrid renewable energy projects across the state. FirstLight was part of a successful investment consortium that secured a lease in the recent NY Bight Offshore Wind auction. In addition, today’s announcement follows the company’s new strategic partnership with New Leaf Energy to develop new solar and storage generation at FirstLight’s existing hydropower facilities in Massachusetts and Connecticut. These collaborations will advance the company’s commitment to help accelerate the Northeast’s path to a fully decarbonized electric grid.
About FirstLight Power
FirstLight Power (FirstLight) is a leading clean power producer, developer, and energy storage company serving North America. With a diversified portfolio that includes over 1,400 megawatts of operating renewable energy and energy storage technologies, FirstLight specializes in hybrid solutions that pair hydroelectric, pumped-hydro storage, utility-scale solar, large-scale battery, and offshore wind assets. The company’s mission is to accelerate the decarbonization of the electric grid by supporting the development, operation, and integration of renewable energy and storage solutions to advance an electric system that is clean, reliable, affordable, and equitable. Based in Burlington, MA, with operating offices in Northfield, MA and New Milford, CT, FirstLight is a steward of more than 14,000 acres and hundreds of miles of shoreline along some of the most beautiful rivers and lakes in the Northeast. To learn more, visit www.firstlightpower.com or follow us on LinkedIn or Twitter.
About Operation Fuel
Operation Fuel is the only year-round emergency energy assistance program in Connecticut, providing help with electricity, water, natural gas, oil, and other energy bills to residents across the state. Thanks to supporters and donors, Operation Fuel is able to flip the switch for families, helping seniors, children, and people with medical conditions stay warm, keep the lights on, power devices for cooking and refrigeration, and have access to running water for drinking, hygiene, and laundry. For more information, visit www.operationfuel.org.
About New Leaf Energy
New Leaf Energy is one of the leading developers of renewable energy and energy storage projects in the United States, both distributed generation and utility scale. Established as a standalone business in 2022 and headquartered in Lowell, Mass., the company was formed out of Borrego's market-leading solar and energy storage development business and is being led by Borrego's former development business management team. New Leaf Energy partners with landowners, utilities, and local communities to secure, design and permit commercial, community and utility-scale renewable energy and energy storage projects and prepare them for sale to long-term asset owners. Together with its partners, New Leaf Energy accelerates the adoption of renewable energy in service of the goal of rapidly decarbonizing our society. For more information, visit www.newleafenergy.com.
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Jared Connell, VP of Development, New England
Cell: 207-650-5793, Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
LYNCHBURG, Va.--(BUSINESS WIRE)--$BWXT #earnings--BWX Technologies, Inc. (BWXT) (NYSE: BWXT) will issue a press release detailing third quarter 2022 results on Monday, November 7, 2022, after market close and will host a conference call at 5:00 p.m. EST.
Listen-only participants are encouraged to participate and view the supporting presentation via the Internet at www.bwxt.com/investors. The dial-in numbers for participants are (U.S.) 1-844-200-6205, (Canada) 1-833-950-0062 and (International) +1-929-526-1599; access code: 461827. A replay of the call will remain available on the BWXT website for a limited time.
About BWXT
At BWX Technologies, Inc. (NYSE: BWXT), we are People Strong, Innovation Driven. Headquartered in Lynchburg, Virginia, BWXT is a Fortune 1000 and Defense News Top 100 manufacturing and engineering innovator that provides safe and effective nuclear solutions for global security, clean energy, environmental remediation, nuclear medicine and space exploration. With approximately 6,700 employees, BWXT has 14 major operating sites in the U.S., Canada and the U.K. In addition, BWXT joint ventures provide management and operations at more than a dozen U.S. Department of Energy and NASA facilities. Follow us on Twitter at @BWXT and learn more at www.bwxt.com.
Media Contact
Jud Simmons
Director, Media and Public Relations
434.522.6462
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Investor Contact
Mark Kratz
Vice President, Investor Relations
980.365.4300
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HOUSTON--(BUSINESS WIRE)--Kinder Morgan, Inc. (NYSE: KMI) today announced it will release third quarter 2022 earnings results on Wednesday, October 19, 2022 after market close and will hold a live webcast and conference call.
What: Kinder Morgan Third Quarter ‘22 Earnings Results Webcast
When: October 19, 2022, at 3:30 p.m. CT, 4:30 p.m. ET
Where: http://ir.kindermorgan.com/presentations-webcasts
How: Live over the Internet by logging on to the web at the above address, or by phone (listen-only) by dialing 1-312-470-7381 and entering the passcode 9339910.
If you are unable to listen during the live webcast, the call will be archived at www.kindermorgan.com. A recording of the conference call will also be available for replay one hour after the call until the end of the day on November 19, 2022. To access the replay, please dial 1-203-369-3301 and enter passcode 42875.
About Kinder Morgan, Inc.
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 5.5 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.
Media Relations
Dave Conover
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Investor Relations
(713) 369-9490
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www.kindermorgan.com
BOZEMAN, Mont.--(BUSINESS WIRE)--#emissionsreduction--Bridger Photonics, Inc. (Bridger) today announced that its advanced aerial laser technology, Gas Mapping LiDAR™, is successfully contributing to methane emission reductions, including through a large-scale monitoring program with Canadian oil and gas producer Cenovus Energy Inc.
Bridger’s Gas Mapping LiDAR detects, locates, and quantifies methane emissions and is used by oil and gas operators throughout North America. Methane emissions from the energy industry represent a significant greenhouse gas contributor globally, and advancements in monitoring technology over the past several years have resulted in markedly improved ways to detect and measure emissions with greater effectiveness and efficiency.
Cenovus Energy Inc. has partnered with Bridger to conduct aerial methane screening across its conventional operations as part of an Alberta Energy Regulator-approved Alternative Fugitive Emissions Management Program (Alt-FEMP) pilot. Alt-FEMP allows operators to apply to use advanced technology, such as Bridger’s Gas Mapping LiDAR scans, for methane monitoring, rather than the traditional ground crew-based surveys that are otherwise currently required by Canadian regulations. In the Cenovus pilot, Bridger’s sensor mounted on a small aircraft scans production operations, resulting in imagery detailed enough to show the location, source, and size of methane emissions, enabling Cenovus to prioritize emission reduction efforts. In the fourth quarter of 2022, Bridger will perform the final round of Gas Mapping LiDAR scans for Cenovus, marking the completion of the company’s two-year Alt-FEMP pilot.
Using the data collected, Cenovus will be able to compare methane emission detection effectiveness to that of using a traditional ground-based approach. So far, the results of the pilot show methane emissions are being addressed faster and more comprehensively compared to traditional methods.
“Using the Gas Mapping LiDAR technology to identify methane emissions has enabled us to make sizable reductions. However, we still have more work ahead of us as we take meaningful action to reduce our overall greenhouse gas emissions,” said Sean Hiebert, Emissions Management Engineer at Cenovus. “Aerial detection and quantification technologies remain important tools as we continue to manage methane emissions from our operations.”
Cenovus’s Alt-FEMP pilot consists of multiple scans per year so it can assess methane emission mitigation efforts within a year, as well as between years. “Cenovus has demonstrated how operators can implement a strategic plan with an alternative technology to address and reduce emissions more efficiently,” stated Bridger’s VP of Operations, Ben Losby. “Cenovus’s approach to an Alt-FEMP using multiple scans is a great example of how advanced technologies like Gas Mapping LiDAR can help an operator to rapidly drive down emissions,” Losby added.
About Bridger Photonics, Inc.
Located in Bozeman, Montana, Bridger Photonics, Inc. provides aerial methane detection, localization, and quantification across the entire natural gas value chain. Gas Mapping LiDAR was developed using funding from the U.S. Department of Energy’s Advanced Research Projects Agency-Energy and won an R&D100 Award in 2019 for the technology. Bridger’s mission is to enable clean, safe, and streamlined oil and gas operations by providing actionable data for methane emissions reduction. For more information, see www.bridgerphotonics.com.
Press Contact: Tessa Wuertz at 406.585.2774 or This email address is being protected from spambots. You need JavaScript enabled to view it.
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