Collaboration is an extension of Volta’s “Charging For All” initiative and a model for the federal government’s Justice40 goal
Tucson Electric Power will use the Volta Media™ Network to inform customers about available energy efficiency programs
NEW YORK--(BUSINESS WIRE)--Volta Inc. (NYSE: VLTA) ("Volta"), an industry-leading electric vehicle ("EV") charging and media company, today announced a collaboration with Tucson Electric Power ("TEP"), an electric utility serving more than 438,000 customers in Southern Arizona, to install critical public EV charging infrastructure in and around disadvantaged communities in the Tucson area. Volta will install eight EV charging stalls at high-traffic locations, such as grocery stores and entertainment venues, to ensure these communities have convenient and affordable charging options. These public options are especially critical for renters (nearly 40 percent of Tucson residents) and residents of multifamily housing (over 30 percent of housing in the U.S.), and others who do not have access to charging at home.1, 2
This collaboration with TEP is an extension of Volta's Charging For All initiative, through which Volta seeks to ensure that all Americans have access to affordable and easy-to-use public charging. Charging For All is aligned with the Biden-Harris Administration's Justice40 goal, which aims to direct 40 percent of the overall benefits of certain federal investments to disadvantaged communities. Justice40 applies to the $7.5 billion of funding allocated towards public EV charging infrastructure buildout under the Bipartisan Infrastructure Law (BIL) and the recently passed Inflation Reduction Act (IRA).
"By partnering with TEP, Volta is bringing critical EV charging infrastructure to disadvantaged communities in Tucson. This collaboration is a model of how charging network operators, like Volta, can support Justice40 goals now and as federal investments are distributed," said Brandt Hastings, Chief Commercial Officer at Volta. "Volta continues to prioritize EV charger installations that are accessible to all. This work includes leveraging our PredictEV® infrastructure planning platform, which uses behavioral science and machine learning technology to help commercial property owners, cities, and electric utilities plan EV infrastructure intelligently, efficiently, and equitably."
The large digital displays integrated into Volta's chargers grab the attention of everyone who passes by and provide a powerful reminder that public chargers are already available in the community — an important factor when deciding to switch to an EV. These media screens comprise the Volta Media™ Network. By building not just a network of chargers but a dual energy and digital advertising platform, Volta can generate revenue from the moment charging stations are installed. This advertising revenue allows Volta to build critical EV charging infrastructure in all types of communities, regardless of how many drivers own an EV in that area today. Further, it unlocks the ability for Volta and partners to subsidize the cost of charging sessions for drivers where suitable, delivering safe and affordable charging near the front doors of commercial properties and retail locations. Currently, Volta's Level 2 charging stations are free to use for the first two hours.
TEP offers special electric rates and rebates to support residential customers seeking to reduce their vehicle fuel and maintenance costs while shrinking their carbon footprint by investing in EVs. TEP is also utilizing the Volta Media Network to promote energy efficiency programs available to its customers.
"As an energy provider, we want to ensure all of our customers can experience the sustainability and financial benefits of electric transportation," said Camila Martins-Bekat, Senior Market Development Representative for TEP. "Through our work with Volta, we're bringing EV charging to historically underserved communities while educating customers about ways to manage their energy costs."
The first two chargers were recently installed at Cinemark Theatres located at 1300 East Tucson Marketplace Blvd and are ready for immediate use by EV drivers.
About Volta
Volta Inc. (NYSE: VLTA) is an industry-leading electric vehicle ("EV") charging and media company. Volta's unique network of charging stations powers vehicles and drives business growth while accelerating a clean energy future. Volta delivers value to site partners, brands, and consumers by installing charging stations that feature large-format digital advertising screens located steps away from the entrances of popular commercial locations. Retailers can attract and influence foot traffic, advertisers can precisely target audiences, and EV drivers can charge their vehicles seamlessly as they go about their daily routines. Volta's extensive network leverages its proprietary PredictEV® platform, which uses sophisticated behavioral science and machine learning technology to help commercial property owners, cities, and electric utilities plan EV infrastructure intelligently, efficiently, and equitably. To learn more, visit www.voltacharging.com.
Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of federal securities laws, including statements regarding our electric vehicle charging and media network. These forward-looking statements generally are identified by words such as “anticipate,” “believe,” “estimate,” “expect,” “future,” “intend,” “may,” “opportunity,” “plan,” “potential,” “project,” “should,” “strategy,” “will,” “would,” and similar expressions. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to the factors, risks and uncertainties included in our Annual Report on Form 10-K for the fiscal year ended December 31, 2021 and our Quarterly Reports on Form 10-Q for the quarterly periods ended March 31, 2022 and June 30, 2022, as such factors may be updated from time to time in our other filings with the Securities and Exchange Commission (the "SEC"), accessible on the SEC’s website at www.sec.gov and the Investor Relations section of our website at www.voltacharging.com. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and, except as required by law, we assume no obligation and do not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.
1U.S. Census Bureau, American Community Survey (ACS), 2018
2American Housing Survey and the U.S. Census Bureau, 2019
Media Contact:
Jette Speights
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BETHESDA, Md.--(BUSINESS WIRE)--#Bioenergy--Today, Enviva Inc. (NYSE: EVA), the world’s leading producer of sustainably sourced wood biomass, announced that it has appointed Mark Coscio as Executive Vice President and Chief Development Officer. In his new role, Coscio will be responsible for leading Enviva’s corporate development and construction functions.
“Given the continuing structural shortage in wood pellet supply in our industry, where long-term demand continues to outstrip supply, there has never been a better time to be in this business and we are excited to be executing on our program of significant, highly accretive capacity expansions,” said John Keppler, Chairman and Chief Executive Officer. “To help us grow rapidly at scale, I am very pleased to announce that we have recently added Mark Coscio to our leadership team as Executive Vice President and Chief Development Officer. Mark is a seasoned construction and development executive with nearly two decades of experience leading large scale, multi-billion-dollar infrastructure investment programs. His substantial experience and leadership add tremendous strength and depth to our internal capabilities as we execute our ambitious strategic plan to double our production capacity by adding six new plants over the next five years,” concluded Keppler.
Mr. Coscio brings to Enviva extensive experience managing global engineering, procurement, and construction projects within the energy sector. Most recently, Mr. Coscio served as Senior Vice President, North, Central & South America at McDermott International, Ltd, a global provider of engineering and construction services for companies across the energy industry. Prior to his time at McDermott, Mr. Coscio held progressively increasing leadership roles at Chicago Bridge & Iron Company from 2007 to 2018.
About Enviva
Enviva Inc. (NYSE: EVA) is the world’s largest producer of industrial wood pellets, a renewable and sustainable energy source produced by aggregating a natural resource, wood fiber, and processing it into a transportable form, wood pellets. Enviva owns and operates ten plants with a combined production capacity of approximately 6.2 million metric tons per year in Virginia, North Carolina, South Carolina, Georgia, Florida, and Mississippi, and is constructing its 11th plant in Epes, Alabama. Enviva sells most of its wood pellets through long-term, take-or-pay off-take contracts with creditworthy customers in the United Kingdom, the European Union, and Japan, helping to accelerate the energy transition and to decarbonize hard-to-abate sectors like steel, cement, lime, chemicals, and aviation fuels. Enviva exports its wood pellets to global markets through its deep-water marine terminals at the Port of Chesapeake, Virginia, the Port of Wilmington, North Carolina, and the Port of Pascagoula, Mississippi, and from third-party deep-water marine terminals in Savannah, Georgia, Mobile, Alabama, and Panama City, Florida.
To learn more about Enviva, please visit our website at www.envivabiomass.com. Follow Enviva on social media @Enviva.
Maria Moreno
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10-year deal worth approximately $175 million will support bp’s efforts to curb harmful greenhouse gas emissions and boost access to clean energy for its customers
WEST CONCORD, Mass.--(BUSINESS WIRE)--#Divert--Divert, Inc., an impact technology company on a mission to Protect the Value of Food™, today announced a 10-year renewable natural gas (RNG) offtake agreement with bp (NYSE: BP) worth approximately $175 million. Under the new agreement, bp expects to purchase RNG generated from three Divert facilities in development in California, Pennsylvania, and Washington, which would offset 36,905 metric tons of carbon dioxide per year1. The agreement marks one of the largest known RNG offtake agreements from food waste digestion in the U.S. bp provides heat, light, and mobility to customers all over the world, with an ambition to be a net zero company by 2050 or sooner.
“The climate crisis is accelerating and the need to find alternate solutions and independent energy resources to decarbonize has never been more critical,” said Ryan Begin, CEO and co-founder, Divert. “Divert is building a revolutionary platform for sustainable change, utilizing transformative technology solutions to improve food efficiencies across industries. This long-term agreement with bp ensures that Divert will continue to lead the wasted food revolution.”
The bp agreement comes during a period of rapid growth for Divert as the market embraces new ways to address wasted food and decarbonized energy. Divert is uniquely positioned to address these changing tides as the largest anaerobic digester of wasted food in the U.S., and is already delivering on its mission to drive social and environmental impact through its advanced technologies and sustainable infrastructure. The company processes more than 232,000 tons of wasted food a year at 10 facilities across the country. In the past two years, Divert has expanded its retail customer base by 40% and added 1,500 retail storefronts to its portfolio of more than 5,200 retail stores across all 50 U.S. states.
For more information, please visit www.divertinc.com/.
About Divert
Founded in 2007, Divert, Inc. is an impact technology company on a mission to Protect the Value of Food™. Working with five Fortune 100 companies, Divert® creates advanced technology and sustainable infrastructure to prevent wasted food, driving social and environmental impact. For more information on Divert, Inc., please visit www.divertinc.com.
1 https://www.epa.gov/energy/greenhouse-gas-equivalencies-calculator#results
Divert Media Contact
Caroline Legg
Director of Public Relations
(203) 313-4228
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DUBLIN--(BUSINESS WIRE)--The "Hydrographic Survey Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.
The global hydrographic survey equipment market size reached US$ 2.7 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 3.9 Billion by 2027, exhibiting a CAGR of 6.32% during 2021-2027.
Companies Mentioned
Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
Hydrographic survey is conducted for scientifically measuring and analyzing the physical environment underwater, which affects maritime navigation, marine construction, and offshore oil exploration/drilling activities. It primarily relies on the hydrographic survey equipment for producing detailed plans of harbors, seabeds and waterways showcasing shapes, depths and contours.
This equipment comprises both software and hardware components, and it can be installed on autonomous underwater vehicles (AUVs), unmanned underwater vehicles (UUVs), small crafts and large ships.
The significant increase in maritime trade and the escalating demand for accurate nautical charts represents one of the key factors favorably influencing the market. Moreover, the increasing utilization of big data and machine learning (ML), along with numerous other technological advancements, such as the incorporation of 3D and 4D technologies in hydrographic studies, is enhancing the predictive assessment for ports.
This can be accredited to the capability of these technologies to provide more realistic insight into developments of the surrounding waters. This, in confluence with a considerable rise in the demand for hydrographic equipment from offshore industries like oil and gas, is also contributing to the market growth. However, the coronavirus disease (COVID-19) outbreak forced governments of numerous countries to shut down ports to prevent the spread of the disease.
This negatively impacted the demand for hydrographic survey equipment. The market is anticipated to experience growth on account of the rising development of offshore marine infrastructure fields, such as efflue;nt disposal systems, bridges and ports for several other industries, and coastal thermal power plants.
Key Questions Answered in This Report:
Key Topics Covered:
1 Preface
2 Scope and Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Hydrographic Survey Equipment Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Type
7 Market Breakup by Depth
8 Market Breakup by Platform
9 Market Breakup by Application
10 Market Breakup by End Use
11 Market Breakup by Region
12 SWOT Analysis
13 Value Chain Analysis
14 Porters Five Forces Analysis
15 Price Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Key Players
16.3 Profiles of Key Players
For more information about this report visit https://www.researchandmarkets.com/r/lkb6kw
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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SHERBROOKE, Quebec--(BUSINESS WIRE)--#cleantech--E2metrix, a leading Canadian innovator for clean and green water treatment, has provided an update on its first delivered, commercial-scale ECOTHOR®-AOP unit for Per- and Polyfluoroalkyl Substances (PFAS) destruction, operating at a drinking water plant in the US Southeast. More detailed results will become available this fall, but highlights to date include the following:
Mo Laaroussi, Founder & CEO of E2metrix, said the following: “With draft federal regulations for potable water expected to be issued shortly by the US EPA, coupled with state regulations, municipalities are scrambling to come up with affordable solutions for their communities. Onsite PFAS destruction is the only responsible approach and E2metrix has positioned itself to leverage its commercial ECOTHOR®-AOP process to offer this market-ready capability.”
Additionally, E2metrix will be on hand at WEFTEC, the largest annual gathering of water professionals in North America - October 8th to 12th, in New Orleans. To set up a meeting, please contact E2metrix at This email address is being protected from spambots. You need JavaScript enabled to view it..
Une version française de ce communiqué sera disponible au https://e2metrix.com/fr/.
About E2metrix Inc.
E2metrix is a Sherbrooke, Quebec-based technology company which specializes in the design, development, manufacturing, and commercialization of innovative & clean electro-technologies. The company’s core offering is ECOTHOR®, its patented electrotechnology platform (14 patents, 8 issued, 6 pending) for water, wastewater, and industrial water treatment. Over 200 ECOTHOR® reactors have been delivered to 25 sites to date. ECOTHOR® can be adapted to remove a wide range of complex contaminants. ECOTHOR® was recognized in 2020 internationally as one of the 1000 efficient and profitable solutions for the planet by the Solar Impulse Foundation.
For more information, please visit www.e2metrix.com, or contact Mo Laaroussi at This email address is being protected from spambots. You need JavaScript enabled to view it. or 1 (888) 486-1142.
Mo Laaroussi
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1 (888) 486-1142
Larsen honored for his commitment to advance sustainability and reduce carbon emissions in Canada
TORONTO--(BUSINESS WIRE)--#Battery--e-Zinc, the company enabling sustainable, long-duration energy storage with its zinc-air battery, announced today that its CEO James Larsen was named one of Canada’s 2023 Clean50 in the research and development category. Larsen was selected from a pool of over 1,000 qualified nominees for his leadership at e-Zinc, which is helping create a radical shift in clean energy storage technology and allowing the cost-effective storage of sustainably sourced energy in zinc.
Each year since 2011, Canada’s Clean50 Awards are announced by Delta Management Group and the Clean50 organization to recognize 50 individuals or small teams from 16 different categories, who have done the most to advance sustainability and clean capitalism in Canada over the past two years. Larsen and this year’s other honorees were chosen for their measurable accomplishments, demonstrated innovation, collaboration with other organizations, and the power of their contributions to inspire other Canadians to take similar action.
“I’m proud to be recognized as one of the 2023 Clean50 based on the progress the rest of the e-Zinc team and I have made toward our goal of enabling a 100 percent renewable energy future with our clean energy storage systems,” said James Larsen. “It’s an honor to be named a leader in Canadian sustainability and I look forward to working alongside other Clean50 honorees to encourage Canadians to continually, collaboratively, and actively pursue sustainable solutions to the climate and energy challenges we face today.”
Since Larsen became CEO of e-Zinc in 2018, the company has grown quickly from just 6 to ~50 employees and secured ~$43 million in funding. This growth combined with the transformation of e-Zinc’s technology from an early-stage prototype, to now performing at a sufficient level for early market adoption, earned Larsen his spot in the 2023 Clean50. Additionally, technical improvements have enabled e-Zinc to deploy its first in-field system at a customer site, and a new 45,000 square foot manufacturing facility will allow the company to deliver its next projects with customers Toyota Tsusho and the California Energy Commission.
“James Larsen was chosen after rigorous screening and research by Delta Management, with advice from internal researchers and external advisors,” said Gavin Pitchford, CEO at Delta Management Group. “The process to narrow down to just 50 honorees this year was extremely difficult for reviewers as we had a record number of nominees. The great news is that there are many wonderful and committed leaders in organizations across Canada, working in many different fields, who are concerned about the course of Canada’s future if we don’t all take action quickly. The individuals we chose for the Clean50 this year are true leaders, and should be an inspiration for all Canadians.”
Larsen will attend the Clean50 Summit 12.0 on October 6th, 2022, in Toronto, ON along with approximately 120 past and incoming Clean50 honorees to tackle critical sustainability challenges facing Canada.
To see the full list of 2023 Clean50 honorees, click here. For more information on e-Zinc’s sustainable, long-duration energy storage technology, 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 Delta Management Group and Canada’s Clean50
Leading ESG, sustainability and clean tech search firm Delta Management Group founded, and remains the steward of the Canada’s Clean50 awards, created in 2011 to annually identify, recognize and connect 50 sustainability leaders from every sector of Canadian endeavor, in order to facilitate understanding, collaboration and innovation in the fight to keep climate change impacts below 1.5 degrees C. Ancillary awards also recognize 20 Emerging Leaders and the 25 Top Sustainability Projects of the year, as well as bestow Lifetime Achievement designations.
Media
Brandon Reid for e-Zinc
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Media
Gavin Pitchford
416-925-2005 x 2300
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Leading producer of low-cost, clean hydrogen from residue gas and renewable ethanol prepares to expand into the MENA region
PHOENIX--(BUSINESS WIRE)--Proteum Energy, LLC has added a Saudi Arabian patent to its IP portfolio as part of its expansion into the Middle East North Africa region. This latest patent was issued on August 17, 2022 for “refining assemblies and refining methods for rich natural gas” and supports the company’s proprietary steam non-methane reforming (SnMR™) technology. Proteum Energy delivers proven technology solutions that solve multiple clean energy challenges, making clean energy affordable and accessible.
Using this patented technology and other innovations, Proteum Energy® can process waste gas, non-methane hydrocarbons and oxygenated hydrocarbons, such as ethanol, into clean hydrogen, low-carbon synthetic natural gas and CO2. This flexible system enables Proteum Energy® to adjust production parameters to customer specifications for purity, heating value, Methane Number and Wobbe Index.
“Proteum Energy’s proprietary hydrogen designer fuel (HDF) system can provide Saudi Arabia and others in the MENA region with an innovative solution for reforming residue and flare gas while addressing the needs of the growing hydrogen economy,” said Proteum Energy CEO Larry Tree.
Earlier this year, Proteum Energy embarked on a joint project with the University of Regina aimed at advancing Proteum’s patented and proprietary steam non-methane reforming (SnMR™) technology. Conducted through the University’s Clean Energy Technologies Research Institute (CETRI), the project aims to optimize the performance of Proteum’s commercial system for production of hydrogen from renewable ethanol feedstock.
About Proteum Energy® – Headquartered in Phoenix Arizona, Proteum is a producer of low-cost clean hydrogen from waste and rich natural gas and renewable ethanol. With its patented and proven reformation SnMR™ technology, Proteum can provide fuel cell grade clean hydrogen for heavy-duty transportation, low carbon hydrogen-rich designer fuels for power plants, and hydrogen pipeline production for direct injection at natural gas processing plants.
Larry Tree, (602) 999-7749, This email address is being protected from spambots. You need JavaScript enabled to view it.
DUBLIN--(BUSINESS WIRE)--The "Nitrogen Oxide Control Systems Market By Technology, By Application: Global Opportunity Analysis and Industry Forecast, 2020-2030" report has been added to ResearchAndMarkets.com's offering.
The global nitrogen oxide control systems market size was valued at $4.3 billion in 2020, and is projected to reach $7.3 billion by 2030, growing at a CAGR of 5.4% from 2020 to 2030.
Nitrogen oxides (NOx) is a mixture of nitric oxide (NO) and nitrogen dioxide (NO2), which are gases produced from natural sources, motor vehicles, and other fuel burning processes. Nitric oxide is colorless and is oxidized in the atmosphere to form nitrogen dioxide.
Nitrogen dioxide has an odor, and is an acidic and highly corrosive gas that can affect our health and environment. Nitrogen oxides are critical components of photochemical smog. They produce the yellowish-brown color of the smog. In poorly ventilated situations, indoor domestic appliances such as gas stoves and gas or wood heaters can be significant sources of nitrogen oxides.
The New England states have adopted regulations that require many facilities to reduce NOx emissions. These emissions can be reduced by making process changes (such as modifications to the combustion process) or by installing air pollution control equipment (such as selective non-catalytic reduction (SNCR) or selective catalytic reduction (SCR)).
The regulations were developed by the New England states to be consistent with three separate programs that reduce NOx emissions, which include NOx Reasonably Available Control Technology (RACT), Ozone Transport Region NOx Cap, allowance Trading Program and EPA's Ozone Transport NOx SIP Call.
The adoption of several techniques to control nitrogen oxide are Less Excess Air (LEA), Off Stoichiometric (Burners Out of Service (BOOS) and Over Fire Air (OFA)), Low NOx Burner (LNB), Flue Gas Recirculation (FGR), Water/Steam Injection, Reduced Air Preheat, Selective Catalytic reduction (SCR) (add-on technology), Selective Non-catalytic Reduction (SNCR) (add-on technology) (urea and ammonia), Fuel Reburning, Combustion Optimization, Catalytic Combustion, Non-thermal Plasma, Inject Oxidant, Oxygen instead of Air, Ultra-Low Nitrogen Fuel, Use Sorbents (add-on technology) in Combustion, Duct to Baghouse, Duct to Electrostatic Precipitator, Air Staging and Fuel Staging.
Key Benefits For Stakeholders
Key Market Segments
By Technology
By Application
By Region
Key Market Players
For more information about this report visit https://www.researchandmarkets.com/r/bj9bwh
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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Single-seater EV caters to consumers’ and businesses’ everyday mobility needs in one of the most EV-friendly and densely-populated areas in the country
VANCOUVER, British Columbia--(BUSINESS WIRE)--ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) (“ElectraMeccanica” or the "Company"), a designer and manufacturer of electric vehicles revolutionizing the urban driving experience, today announced that it has secured licensing to sell its revolutionary single-seater electric vehicle, the SOLO, in Arizona.
The SOLO is the mobility solution for what people and businesses actually need everyday to run errands, manage deliveries, commute to work and more. Its compact form factor is ideal for easy parking and storage in dense, crowded areas, just like the metropolitan expanse of Phoenix - which has been one of the fastest growing cities in the US for years. This is also in advance of ElectraMeccanica’s forthcoming factory in Mesa, AZ which is being planned to come online by the end of 2022.
For more information, please visit https://ir.emvauto.com/emotion/blog-details/2022/ElectraMeccanica-Secures-License-to-Sell-SOLO-in-Arizona/default.aspx
About ElectraMeccanica Vehicles Corp.
ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) is a designer and manufacturer of environmentally efficient electric vehicles (EVs). The company’s flagship vehicle is the innovative, purpose-built, single-seat EV called the SOLO. This three-wheeled vehicle will revolutionize the urban driving experience, including commuting, delivery and shared mobility. Engineered for a single occupant, it offers a unique driving experience for the environmentally conscious consumer. Depending on driving conditions, temperature and climate controls, the SOLO has a range of up to 100 miles and a top speed of up to 80 mph. The SOLO also features front and rear crumple zones, side impact protection, roll bar, torque-limiting control as well as power steering, power brakes, air conditioning and a Bluetooth entertainment system. It blends a modern look with safety features at an accessible price point of $18,500 (MSRP) for the consumer model and $24,500 (MSRP) for the delivery-oriented SOLO Cargo model, which features an expanded cargo box to accommodate a wide variety of fleet and commercial applications. The SOLO is currently available for order here. For more information, please visit www.emvauto.com.
Safe Harbor Statements
Except for the statements of historical fact contained herein, the information presented in this news release constitutes “forward-looking statements” as such term is used in applicable United States and Canadian securities laws. These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “anticipates”, “estimates”, “projects”, “expects”, “contemplates”, “intends”, “believes”, “plans”, “may”, “will”, or their negatives or other comparable words) are not statements of historical fact and should be viewed as “forward-looking statements”. Such forward looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such risks and other factors include, among others, the prices of other electric vehicles, costs associated with manufacturing vehicles, the availability of capital to fund business plans and the resulting dilution caused by the raising of capital through the sale of shares, changes in the electric vehicle market, changes in government regulation, developments in alternative technologies, inexperience in servicing electric vehicles, labour disputes and other risks of the electric vehicle industry including, without limitation, those associated with the delays in obtaining governmental approvals and/or certifications. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements contained in this news release and in any document referred to in this news release. Forward-looking statements are made based on management’s beliefs, estimates and opinions on the date the statements are made, and the Company undertakes no obligation to update forward looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable law. Such forward-looking statements reflect our current views with respect to future events and are subject to certain risks, uncertainties and assumptions, including, the risks and uncertainties outlined in our most recent financial statements and reports and registration statement filed with the United States Securities and Exchange Commission (the “SEC”) (available at www.sec.gov) and with Canadian securities administrators (available at www.sedar.com). Although the Company believes that the beliefs, plans, expectations and intentions contained in this news release are reasonable, there can be no assurance those beliefs, plans, expectations or intentions will prove to be accurate. Investors should consider all of the information set forth herein and should also refer to the risk factors disclosed in the Company’s periodic reports filed from time-to-time with the SEC. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities of the Company nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
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Promoting PEM water electrolyzers for power to gas technology that will contribute to realization of a hydrogen economy
TOKYO--(BUSINESS WIRE)--#CarbonNeutral--Toshiba Corporation (TOKYO: 6502) has developed large-scale production technology for the electrodes that realizes high level efficiency in Power to Gas (P2G) technology, essential know-how for advancing toward a carbon neutral society, while reducing the use of iridium, one of the world’s rarest precious metals, to 1/10*1.
P2G uses electrolysis of water to convert renewable energy into hydrogen, for storage and transportation to where it is needed. Polymer Electrolyte Membrane (PEM) electrolysis is seen as a highly promising conversion method, as it is reacts rapidly to power fluctuations and is highly durable. However, PEM uses iridium, one of the rarest of all traded precious metals, as the catalyst in its electrodes. Practical application requires reduction of the iridium used, a real challenge.
Toshiba developed an iridium oxide nanosheet laminated catalyst that reduced the iridium requirement to 1/10 in 2017. The company has now developed large-scale production technology that deposits the catalyst over a maximum area of 5m2 at one time. This advance is expected to drive forward the early commercialization of P2G for large-scale power conversion, and will contribute to the realization of carbon neutrality. Toshiba is aiming for commercialization in FY2023 or after.
Over 120 countries and regions have set themselves the goal of carbon neutrality by 2050, and decarbonization measures are being considered at the national, regional, and corporate levels. Renewables are essential for achieving the goal and cutting CO2 emissions, but their output fluctuates greatly with climate and weather conditions, and facilities can be located only in suitable regions. To maximize their potential, and ensure a stable and affordable power supply, a method for storing and transporting electricity from renewables is required.
P2G is seen as an essential solution for achieving carbon neutrality by 2050. It uses electrolysis to convert electricity from renewables into hydrogen, ready for storage and transportation. The key technology in the process is the water electrolyzers that convert energy into hydrogen without emitting CO2. PEM water electrolysis, which offers excellent adaptability to power fluctuations and high durability, and Europe and the US have led the way in developing the current process.
PEM uses a membrane electrode assembly (MEA) that integrates the electrolyte membrane and electrode (Fig. 1). Large-scale hydrogen conversion of electricity requires a large number of MEAs, and forecasts anticipate a market scale of approximately $580 million by 2028*2.
However, the MEA electrode relies on a large amount of iridium to ensure sufficient electrolytic efficiency. Iridium is one of the rarest of precious metals. Annual global production is in the region of 7 to 10 tons, far less than the 200 tons of platinum, and it costs four to five times more*3. Forming electrodes requires a uniform coating of fine iridium oxide particles, but reducing the iridium oxide results in uneven application and non-uniform reactions that degrade water electrolysis performance.
Toshiba’s multilayer catalyst uses a new sputtering technology (Fig. 2) to deposit alternate layers of iridium oxide nanosheet films and void layers (Fig. 3). In sputtering, ions, such as argon, bombard a deposition material, the target, in a vacuum, and deposit the ejected particles on a substrate (Fig. 2). In Toshiba’s process, iridium is the target, and a thin film of iridium oxide is formed by injecting oxygen as the target is deposited on the substrate. Thickness control is at the nanometer level, realizing deposition of uniform iridium oxide layers of with a smaller amount of iridium.
Using Toshiba's laminated nanosheet structure in the catalyst layer successfully reduces the required iridium to 1/10, while maintaining the water electrolysis performance (Fig. 4). It also significantly expands the deposition surface area. As sputtering is conducted in a vacuum, deposition on a large area is difficult. However, by modifying the deposition distribution ratio for multiple metal targets, including iridium, and the oxygen input level, Toshiba has successfully developed a large-scale production technology that realizes catalyst deposition on an area of up to 5m2 at a time (Fig. 5).
In collaboration with Toshiba Energy Systems & Solutions Corporation, Toshiba has built MEA prototypes with electrodes based on the developed technology, and has begun evaluation testing with a water electrolyzer manufacturer. Going forward, the Company will improve the yield and quality toward mass production of MEA, aiming for commercialization in FY2023 or after.
*1: https://www.global.toshiba/content/dam/toshiba/migration/corp/techReviewAssets/tech/review/2018/03/73_03pdf/a03.pdf
https://www.global.toshiba/content/dam/toshiba/jp/technology/corporate/review/2022/04/a04.pdf
*2: Toshiba’s estimate
*3: https://matthey.com/pgm-market-report-2022
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OAKVILLE, Ontario & COLUMBUS, Ind.--(BUSINESS WIRE)--#cummins--Atura Power has selected Cummins Inc. (NYSE: CMI) to design and manufacture the electrolyzer system for its Niagara Hydrogen Centre in Niagara Falls, Ont. This will be Ontario’s first 20-megawatt (MW) green hydrogen facility.
Cummins’ proton exchange membrane (PEM) electrolysis system will be manufactured at its Mississauga, Ont. facility and become the centrepiece of Atura Power’s Niagara Hydrogen Centre. Powered by renewable hydroelectricity, the electrolyzer system will split water into oxygen and “green” hydrogen. This carbon-free green hydrogen will then be provided to industrial customers for immediate consumption and will be transported and blended into the fuel stream at Atura Power’s Halton Hills Generating Station, creating cleaner electricity for Ontario.
Detailed design work and system integration is underway, with plans to bring the Niagara Hydrogen Centre online in early 2024.
Atura Power conducted a competitive procurement process in early 2022 and Cummins provided a strong technical solution for the Niagara Hydrogen Centre. Cummins acquired Mississauga-based Hydrogenics in 2019 and has continued to expand its hydrogen and other zero-emissions technologies portfolio, which includes PEM and alkaline electrolyzer solutions.
Atura Power is implementing a low-cost, low-carbon hydrogen program that will help reduce greenhouse gases, while supporting economy-wide decarbonization. An enabler of clean energy, the company is positioned to help build the hydrogen economy in Ontario. Low-carbon hydrogen will be an important tool in the fight against climate change. Atura Power, a subsidiary of Ontario Power Generation (OPG), supports the net-zero goals outlined in OPG’s Climate Change Plan.
Green and low-carbon hydrogen will reduce or offset emissions in a variety of applications, including:
Both the federal and provincial governments noted the potential for hydrogen to play a key role in helping meet climate change objectives. Read the federal and provincial strategies for details.
Quotes
“The Niagara Hydrogen Centre is our flagship facility that will set the pace for our green and low-carbon hydrogen projects,” says Shelley Babin, President and CEO of Atura Power. “The heart of the facility is the electrolyzer, and we are excited to be working with an experienced and accomplished industry leader in Cummins.”
“We are thrilled to partner with Atura Power to provide green power in Ontario,” said Alexey Ustinov, Vice President of Electrolyzers at Cummins. “This project is a great demonstration of the potential of PEM electrolyzer technology to decarbonize our power sources and lay the groundwork for a sustainable future. Once completed, this project will be the second 20 MW electrolyzer installation for Cummins in Canada and an important milestone in scaling the green hydrogen economy in North America.”
“This project aims to build one of Canada’s largest green-energy hubs and it’s an important part of our work to transform the future of energy, reduce emissions and protect the environment. I’m proud to see Ontario continuing to build on its international prominence as a clean energy jurisdiction to become a leader in the hydrogen economy that will drive job creation and economic growth across our province,” said Energy Minister Todd Smith.
“I’m proud of our local employer Cummins’ leadership and innovation and their exceptional team for bringing new and exciting opportunities to our region,” said Mississauga-Malton MPP Deepak Anand. “Our government under the leadership of Premier Doug Ford is committed to supporting partnerships like this one with Atura Power to ensure that our region continues to prosper and create good jobs for local families.”
About Atura Power
Atura Power, a subsidiary of Ontario Power Generation, plays a key role in the province’s electricity system. With plants in Windsor, Halton Hills, Toronto, and Napanee, its fleet of combined-cycle facilities is flexible and dispatchable – an enabler of renewable energy sources like solar and wind power. Atura Power is committed to reducing its greenhouse gas emissions and being a leader in facilitating economy-wide adoption of hydrogen across Ontario.
For more information, visit aturapower.com and connect with us on LinkedIn at /atura-power.
About Cummins
Cummins Inc., a global power technology leader, is a corporation of complementary business segments that design, manufacture, distribute and service a broad portfolio of power solutions. The company’s products range from internal combustion, electric and hybrid integrated power solutions and components including filtration, aftertreatment, turbochargers, fuel systems, controls systems, air handling systems, automated transmissions, electric power generation systems, microgrid controls, batteries, electrolyzers and fuel cell products. Headquartered in Columbus, Indiana (U.S.), since its founding in 1919, Cummins employs approximately 59,900 people committed to powering a more prosperous world through three global corporate responsibility priorities critical to healthy communities: education, environment and equality of opportunity. Cummins serves its customers online, through a network of company-owned and independent distributor locations, and through thousands of dealer locations worldwide and earned about $2.1 billion on sales of $24 billion in 2021.
Cummins Inc.
Jon Mills – Director External Communications
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Facility to generate 100 megawatts of renewable energy for Verizon Communications
Expands LRE’s renewable energy portfolio, bringing total projects under construction to 880 MW
DALLAS--(BUSINESS WIRE)--Leeward Renewable Energy (“LRE” or “Company”) today announced that construction has commenced on its Oak Trail Solar facility near Moyock, North Carolina. LRE will sell the 100 megawatts (MW) of renewable energy generated at Oak Trail Solar to Verizon Communications under a long-term power purchase agreement.
"Verizon is committed to protecting our planet by supporting the production of renewable energy and the transition to a greener U.S. energy grid," said James Gowen, Verizon’s chief sustainability officer and senior vice president, global supply chain. "The renewable energy produced by the Oak Trail Solar project will help us achieve net zero emissions in our operations by 2035."
Blue Ridge Power serves as the engineering, procurement, and construction (EPC) contractor and is committed to hiring qualified local workers. Oak Trail Solar is expected to provide approximately 280 jobs at peak construction and generate significant benefits for many local businesses and will provide a substantial property tax base for Currituck County and area schools.
LRE projects are managed across the full project lifecycle with environmental, social, and cultural considerations foremost in mind. Oak Trail Solar will utilize First Solar photovoltaic solar modules, which use less energy, water and semiconductor material in their manufacturing and are designed to have a longer lifespan than other alternatives. As part of its commitment to land stewardship, LRE plans to utilize 30 percent of the project acreage to establish a pollinator habitat, planting native vegetation and wildflowers for screening to provide ecological benefits to the area.
“The Oak Trail Solar project represents meaningful growth with a low impact for Currituck County,” said Josh Bass, president, Currituck Chamber of Commerce. “In addition to helping North Carolina achieve its clean energy goals, this project will have a significant and positive economic impact to our County and schools without stressing the County’s infrastructure. We’re proud and excited to have Oak Trail Solar as part of our community.”
“Oak Trail Solar marks another milestone in the growth of LRE’s renewable energy portfolio and is an example of how we manage our projects in alignment with our core values of protecting and respecting the environment and communities in which we operate,” said Sam Mangrum, SVP of Project Execution at LRE. “LRE is focused on creating enduring value with local communities by building and maintaining strong, long-term relationships. We look forward to bringing the project online next year and supporting Verizon’s efforts to meet its net zero operational goal.”
The project is expected to reach commercial operation by mid-2023.
About Leeward Renewable Energy, LLC
Leeward Renewable Energy (LRE) is a leading renewable energy company that owns and operates a portfolio of 24 renewable energy facilities across nine states totaling approximately 2,500 megawatts of generating capacity. LRE is actively developing and contracting new wind, solar, and energy storage projects in energy markets across the U.S., with 1.9 gigawatts contracted and 20 gigawatts under development and construction spanning over 100 projects. LRE is committed to providing long-term, sustainable energy solutions across all its projects that benefit its community partners while protecting and enhancing the environment. LRE is a portfolio company of OMERS Infrastructure, an investment arm of OMERS, one of Canada’s largest defined benefit pension plans with C$121 billion in net assets (as of December 31, 2021). For more information, visit www.leewardenergy.com.
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Liz James
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FGS Global
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World’s leading carbon negative materials company recognized for innovation in developing biobased products
Co-Founder & Co-CEO John Bissell to address AFCC Global Biobased Economy Conference
WEST SACRAMENTO, Calif.--(BUSINESS WIRE)--Origin Materials, Inc. (“Origin” or “Origin Materials”) (NASDAQ: ORGN, ORGNW), the world’s leading carbon negative materials company with a mission to enable the world’s transition to sustainable materials, today announced it has won the 2022 Alternative Fuels & Chemicals Coalition (AFCC) Global Biobased Economy Performance Award for its outstanding performance and achievements in the commercialization and scale-up of its patented technology platform.
The award recognizes Origin’s platform technology for turning the carbon found in sustainable wood residues into useful carbon-negative materials for a wide range of end products, including clothing, textiles, plastics, packaging, car parts, tires, carpeting, and toys.
Sponsored by the Industrial Biotechnology Journal, the official journal of AFCC, the award is given annually to recognize companies that are advancing science and contributing to the production and commercialization of industrial biotechnology products.
“We are honored to receive the 2022 Global Biobased Economy Performance Award for delivering sustainable innovation to the materials supply chain with our patented, breakthrough platform technology for producing recyclable and sustainable carbon-negative materials across a diverse range of end products and markets,” said Origin Materials Co-Founder and Co-CEO John Bissell. “Our team is hard at work scaling this technology globally, including developing our first commercial-scale and world-scale manufacturing facilities. We are grateful for AFCC’s recognition of our efforts, and we look forward to helping our customers make ‘net zero’ possible and achieve their decarbonization goals.”
“Congratulations to Origin for their stellar performance and achievements in advancing science and in enabling a transformation from a petroleum-based economy to a biobased economy,” said AFCC Executive Vice President, Dr. Rina Singh, PhD. “Origin has advanced the biobased economy by developing innovative carbon-negative biomaterials and processes that are sustainable and environmentally friendly, making our planet a cleaner and safer place to live in.”
Mr. Bissell will speak at the 2022 AFCC Global Biobased Economy Conference in-person on Tuesday, November 8th, in Washington, D.C. to receive the award and discuss the company’s carbon-negative technology platform.
About Origin Materials
Headquartered in West Sacramento, Origin Materials is the world's leading carbon negative materials company. Origin’s mission is to enable the world’s transition to sustainable materials. For over a decade, Origin has developed a platform for turning the carbon found in inexpensive, plentiful, non-food biomass such as sustainable wood residues into useful materials while capturing carbon in the process. Origin’s patented technology platform can help revolutionize the production of a wide range of end products, including clothing, textiles, plastics, packaging, car parts, tires, carpeting, toys, and more with a ~$1 trillion addressable market. In addition, Origin’s technology platform is expected to provide stable pricing largely decoupled from the petroleum supply chain, which is exposed to more volatility than supply chains based on sustainable wood residues. Origin’s patented drop-in core technology, economics and carbon impact are supported by a growing list of major global customers and investors.
For more information, visit www.originmaterials.com.
Cautionary Note on Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of the federal securities laws. Forward-looking statements generally are accompanied by words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “plan,” “predict,” “potential,” “seem,” “seek,” “future,” “outlook,” and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding Origin Materials’ business strategy and estimated total addressable market. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of the management of Origin Materials and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on as, a guarantee, an assurance, a prediction, or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of Origin Materials. These forward-looking statements are subject to a number of risks and uncertainties, including that Origin Materials may be unable to successfully commercialize its products; the effects of competition on Origin Materials’ business; disruptions and other impacts to Origin Materials’ business as a result of the COVID-19 pandemic and other global health or economic crises; and those factors discussed in the Quarterly Report on Form 10-Q filed with the SEC on August 3, 2022 under the heading “Risk Factors,” and other documents Origin Materials has filed, or will file, with the SEC. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that Origin Materials presently does not know, or that Origin Materials currently believes are immaterial, that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect Origin Materials’ expectations, plans, or forecasts of future events and views as of the date of this press release. Origin Materials anticipates that subsequent events and developments will cause its assessments to change. However, while Origin Materials may elect to update these forward-looking statements at some point in the future, Origin Materials specifically disclaim any obligation to do so. These forward-looking statements should not be relied upon as representing Origin Materials’ assessments of any date subsequent to the date of this press release. Accordingly, undue reliance should not be placed upon the forward-looking statements.
Origin Materials
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Battery Electric Vehicles will be the catalyst for growth
BOSTON--(BUSINESS WIRE)--The push to electric vehicles is being dictated by consumer awareness and government regulations and mandates related to climate change and the need to reduce emissions and reverse the impacts of global warming. The latest Strategy Analytics Electric Vehicles Service (EVS) report, “xEV Sensor Demand Outlook 2021-2029” forecasts that electric vehicle (EV) production will grow at a CAAGR (compound annual average growth rate) of 26% over 2021 to 2026, with volumes approaching 54.1 million units by 2029. This in turn will drive demand for corresponding xEV powertrain sensor requirements growing at a CAAGR of 30% to reach $1.7 billion by 2029.
Battery electric vehicles will comprise the largest market for sensors enabling battery management systems, DC/DC converters, main traction inverter, electric motor, onboard charger, and other systems. Sensor demand from battery electric vehicles will grow at a CAAGR of 44% and account for 68% of the total sensor market opportunity in 2029.
“Segmenting sensor demand across the various powertrain systems shows the electric motor accounting for over 51% of total sensor demand in 2029. The main inverter is the second largest market followed by requirements from the DC/DC converter and the battery monitoring system” noted Asif Anwar, Executive Director at Strategy Analytics. “From a volume perspective, position sensors are used in the electric motor only, while use across battery management systems, the onboard charger, DC-DC converter, main inverter etc., will reflect the higher volume demand for current and temperature sensors.”
Source: Strategy Analytics, Inc.
#SA_Automotive
About Strategy Analytics
Strategy Analytics, Inc. is a global leader in supporting companies across their planning lifecycle through a range of customized market research solutions. Part of TechInsights, our multi-discipline capabilities include: industry research advisory services, customer insights, user experience design and innovation expertise, mobile consumer on-device tracking and business-to-business consulting competencies. With domain expertise in smart devices, connected cars, intelligent home, service providers, IoT, strategic components and media, Strategy Analytics can develop a solution to meet your specific planning need. For more information, visit us at www.strategyanalytics.com.
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Electric Vehicles Service (EVS): Click here
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DUBLIN--(BUSINESS WIRE)--The "Global Ports and Terminals Operations Market Size, Trends & Growth Opportunity, By Service, By Application, By Region and Forecast till 2027." report has been added to ResearchAndMarkets.com's offering.
The global Ports and Terminals Operations market was valued at USD 3,140.30 Mn in 2021, which is expected to reach USD 7,030.00 Mn by 2027 at a CAGR 9.64% from 2021-2027.
Terminal Operations refers to the services provided at a port terminal, which include cargo handling, storage, transshipment, and cargo delivery to vessels, as well as related services. A virtual point where network connections begin and end is referred to as a port. The operating system of a computer manages ports, which are software-based. Each port is linked to a particular process or service. Sea freight services offer numerous advantages, including large cargo space availability, cost-effectiveness, and safety. Over the forecast period, the industry's growth will be driven by the expansion of maritime logistics services.
Market Drivers
Rising Government efforts to promote the ports sector.
Ports constitute an important economic activity in coastal areas. Ports are also important for the support of economic activities in the hinterland since they act as a crucial connection between sea and land transport. Due to this, governments across the various countries are focusing on promoting port operation. Increasing investment and cargo traffic point towards a healthy outlook for the ports sector.
Providers of services such as operation and maintenance (O&M), pilotage and harboring and marine assets such as barges and dredgers are benefiting from these investments.
Market Restraints
Port operators are focusing on digital transformation to optimize operational activities and expand the capabilities, such as monitoring of infrastructure, collecting real-time data and among others. This transformation is based on the technologies such as big data, cloud computing, Internet of Things (IoT) and incorporation of these technologies in the system has made the ports vulnerable to cyber-attacks. To utilize technologies at their full potential awareness regarding cyberattacks can be raised among the stakeholders and cybersecurity can be developed.
Thus, cyber-attacks can be challenging factor for the growth of the port and terminal market, during the forecast period.
Key Players
Various key players are listed in this report such as APM Terminals, China Merchants Port Holdings Co. Ltd, COSCO SHIPPING LINES Co. Ltd., DP World, EUROKAI GmbH & Co. KGaA, Hutchison Port Holdings Trust, International Container Terminal Services Inc. (ICTSI), Ports America Inc., PSA International Pte. Ltd., SAAM
Market Taxonomy
By Service
By Application
By Region
Key Questions Addressed by the Report
For more information about this report visit https://www.researchandmarkets.com/r/uusu0e
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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DUBLIN--(BUSINESS WIRE)--The "Automotive Energy Recovery System Market By Vehicle Type, By Product Type: Global Opportunity Analysis and Industry Forecast, 2020-2030" report has been added to ResearchAndMarkets.com's offering.
According to this report the automotive energy recovery system market was valued at $22.4 billion in 2020, and is estimated to reach $45.5 billion by 2030, growing at a CAGR of 7.4% from 2021 to 2030.
The automotive energy recovery system is used to recover the moving vehicle's kinetic energy under braking and convert it into electrical energy stored in a battery, supercapacitor, or mechanical energy in a flywheel. It increases the energy optimization of the vehicle by recycling exhausted gases.
Automobile manufacturers are currently focused on producing advanced automotive energy recovery systems with a high-efficiency rate and low cost. For instance, in August 2019, Hyundai Motor Group launched the world's first Continuously Variable Valve Duration (CVVD) technology in Smartstream G1.6 T-GDi Engine, an I4 gasoline turbo unit with 180 horsepower & 27.0kgm of torque that offers exhaust gas recirculation to optimize fuel efficiency.
Furthermore, the adoption & popularity of regenerative braking systems (RBS) in electric buses exhibits a high mile range & initiatives taken by the governments for environment-friendly buses across the world, such as hybrid buses or electric buses, foster energy recovery system market opportunity in the heavy vehicles segment.
The growth drivers, restraints, and opportunities are explained in the report to better understand the market dynamics. This report further highlights the critical areas of investment. In addition, it includes Porter's five forces analysis to understand the competitive scenario of the industry and the role of each stakeholder.
The report also features the strategies adopted by key market players to maintain their foothold in the market. Furthermore, it highlights the competitive landscape of the key players to increase their market share and sustain the intense competition in the industry.
Key Benefits For Stakeholders
Key Market Segments
By Product Type
By Vehicle Type
By Region
Key Market Players
For more information about this report visit https://www.researchandmarkets.com/r/m7ohul
ResearchAndMarkets.com
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MINNEAPOLIS--(BUSINESS WIRE)--Yukon Partners (“Yukon”), a provider of mezzanine capital for middle market private equity transactions, is pleased to announce it has partnered with Wind Point Partners (“Wind Point”) to support the acquisition of D&H United (“D&H” or the “Company”).
D&H is a leading provider of testing, inspection, repair and installation services for fueling stations and electric vehicle (“EV”) charging infrastructure across the United States. D&H provides mission-critical services to the industry’s leading fueling and EV station operators through a network of 16 branch locations and a team of more than 570 highly skilled, customer-focused employees.
Headquartered in Houston, D&H was formed in 2015 by long-time industry executive and current D&H CEO Bo Sasnett, who initiated the merger of two predecessor companies. Under Bo’s leadership, D&H evolved into one of the nation’s leading fuel and EV infrastructure solutions providers, servicing thousands of fueling and charging locations across the Southern and Mountain regions. D&H is built on a people-centric and customer-focused foundation, and the Company’s skilled field technician base is highly regarded for its wide breadth of capabilities, fast response times and leading first-time fix rates. Wind Point is partnering with Bo and D&H management, all of whom will maintain ownership in the business. Additionally, Wind Point and D&H will introduce a company-wide incentive program to recognize D&H’s critical contributors, including its technicians and support staff.
“This exciting new partnership with Wind Point offers D&H access to an extensive executive network, additional financial resources and their expertise in helping companies accelerate growth and achieve new levels of scale,” said Bo Sasnett. “Simultaneously, we are highly aligned around ensuring that D&H continues to maintain the customer-driven, people-oriented culture that has been, and always will be, the core focus of D&H. As we look into the future, we continue to see a great growth path for our company and the team.”
Konrad Salaber, Managing Director at Wind Point, noted, “Bo and the D&H team have built a tremendous franchise that is known for its service-first orientation among the industry’s leading fueling and EV station operators. D&H and Wind Point have developed a robust growth plan focused on rapidly expanding the Company’s team of technicians and pursuing strategic M&A in a highly fragmented market. We believe this joint vision will further solidify D&H as the industry’s service partner of choice with the nation’s leading fueling and EV station operators.”
“D&H has established a strong position in the market, and we look forward to supporting Wind Point and the D&H management team as they capitalize on the Company’s many exciting growth opportunities,” said Michael Hall, Managing Partner of Yukon.
Dorsey & Whitney LLP provided legal counsel to Yukon.
About D&H United Fueling Solutions
D&H United Fueling Solutions, an Inc. 5000 company, is a leading provider of both petroleum fueling and EV charging system service, equipment and installation. D&H United is an authorized distributor and service provider for Gilbarco Veeder-Root as well as other major equipment brands. The company has 16 branch offices and 570+ employees. D&H United also provides compliance testing for tanks and lines in 25 states through its Valley Tank Testing subsidiary. Additional information on D&H is available at www.dh-united.com.
About Yukon Partners
Yukon Partners is an independent and unaffiliated junior capital provider, primarily serving middle market private equity sponsor led business transactions in the U.S. and Canada. The transactions in which Yukon invests include buyouts, growth and platform strategies, recapitalizations, mergers/acquisitions, and public-to-private buyouts. Yukon typically invests up to $60 million per transaction and currently manages over $1.8 billion across four funds. Yukon Partners has offices in Minneapolis, Minnesota, Boston, Massachusetts, and West Palm Beach, Florida. Additional information on Yukon Partners is available at www.yukonpartners.com.
About Wind Point Partners
Wind Point Partners is a Chicago-based private equity investment firm with approximately $5 billion in assets under management. Wind Point focuses on partnering with top caliber management teams to acquire well-positioned middle market businesses where it can establish a clear path to value creation. The firm targets investments in the consumer products, industrial products and business services sectors. Wind Point is currently investing out of Wind Point Partners X, a fund that was initiated in 2022. Additional information on Wind Point is available at www.windpointpartners.com.
Michael Hall
Managing Partner
Yukon Partners
612-435-7802
Company recognized for unprecedented EV programs for nation’s leading utility providers including Avangrid’s United Illuminating
NEW YORK--(BUSINESS WIRE)--Bidgely has been named a finalist in the 24th Annual Platts Global Energy Awards. The 2022 Finalists were announced by event host S&P Global Commodity Insights, the leading independent provider of information, analysis and benchmark prices for commodities, metals, petrochemicals, energy and energy transition markets. Often described as “the Oscars of the energy industry,” the Platts Global Energy Awards recognize corporate and individual innovation, leadership and exemplary performance in 19 categories spanning the entire energy and chemicals complex.
“We are honored to be named a finalist in the ‘Grid Edge’ category for the second consecutive year – recognized for our commitment to advancing today’s electric grid,” said Gautam Aggarwal, chief revenue officer for Bidgely. “We’re proud to support our utility partners with behind-the-meter intelligence that turns the impending wave of EVs into an opportunity for creating a more reliable, cleaner grid.”
Most notable in today’s evolving energy grid is the rise of electric vehicles (EV) and global clean energy commitments, with global EV sales expected to surge from 3.1 million in 2020 to 14 million in 2025. Bidgely’s EV Solution leverages applied artificial intelligence (AI) to first identify homes with EVs across entire service territories and then offer a personalized customer journey that educates consumers about their charging patterns and energy consumption. Bidgely EV Solution deployments with Avangrid’s United Illuminating and other leading utility providers are being recognized by S&P Global Commodity Insights for alleviating grid congestion, supporting high energy demands from EV charging and more.
Using Bidgely’s patented disaggregation and analytics techniques, one leading U.S. utility discovered – with over 90 percent accuracy – which EV owners frequently charge on-peak, then incentivized them to adjust charging behavior. In the first pilot year, the utility shifted an unprecedented 71 percent of on-peak charging loads to off-peak and delivered higher-than-average monthly summary email open rates of 79 percent. Similarly, United Illuminating leveraged Bidgely’s EV Solution to target EV owners with the greatest load shifting potential for behavioral or managed charging programs. Bidgely’s work with United Illuminating also resulted in the implementation of Connecticut’s first managed charging program.
“In a year of unexpected challenges, from Europe’s energy crisis to trade-flow changes and banner market volatility, it’s particularly inspiring to see the innovation and leadership of this year’s finalists in steering a course toward a better energy future,” said Sue Avinir, Senior Vice President of Conferences & Advisory Solutions, S&P Global Commodity Insights. “We’re proud to honor this year’s finalists and celebrate their efforts.”
The winners of the Platts Global Energy Awards will be selected by an independent panel of judges from each award category’s respective group of finalists. The Energy Company of the Year will be chosen from the entire list of finalists, regardless of the original category. Winners will be announced December 8 at the 2022 Platts Global Energy Awards black-tie ceremony and gala at Cipriani Wall Street in New York City.
To view the complete list of award categories and finalists for 2022 and information on the awards and judging, visit the Platts Global Energy Awards website.
To learn more about Bidgely’s EV Solution for better grid management and customer engagement, visit bidgely.com/solutions/ev.
About S&P Global Commodity Insights
At S&P Global Commodity Insights, our complete view of global energy and commodity markets enables our customers to make decisions with conviction and create long-term, sustainable value.
We’re a trusted connector that brings together thought leaders, market participants, governments, and regulators and we create solutions that lead to progress. Vital to navigating commodity markets, our coverage includes oil and gas, power, chemicals, metals, agriculture, shipping and energy transition. Platts® products and services, including the most significant benchmark price assessments in the physical commodity markets, are offered through S&P Global Commodity Insights.
S&P Global Commodity Insights is a division of S&P Global (NYSE: SPGI). S&P Global is the world’s foremost provider of credit ratings, benchmarks, analytics and workflow solutions in the global capital, commodity and automotive markets. With every one of our offerings, we help many of the world’s leading organizations navigate the economic landscape so they can plan for tomorrow, today. For more information visit https://www.spglobal.com/commodityinsights.
About Bidgely
Bidgely is an AI-powered SaaS Company accelerating a clean energy future by enabling energy companies and consumers to make data-driven energy-related decisions. Powered by our unique patented technology, Bidgely’s UtilityAI™ Platform transforms multiple dimensions of customer data - such as energy consumption, demographic, and interactions - into deeply accurate and actionable consumer energy insights. We leverage these insights to empower each customer with personalized recommendations, tailored to their individual personality and lifestyle, usage attributes, behavioral patterns, purchase propensity, and beyond. From a Distributed Energy Resources (DER) and Grid Edge perspective, Bidgely is advancing smart meter innovation with data-driven solutions for solar PVs, EV detection, EV behavioral load shifting and managed charging, energy theft, short-term load forecasting, grid analytics, and TOU rate designs. Bidgely’s UtilityAI™ energy analytics provides deep visibility into generation, consumption for better peak load shaping and grid planning, and delivers targeted recommendations for new value-added products and services. With roots in Silicon Valley, Bidgely has over 17 energy patents, $75M+ in funding, retains 30+ data scientists, and brings a passion for AI to utilities serving residential and commercial customers around the world. For more information, please visit www.bidgely.com or the Bidgely blog at bidgely.com/blog.
Christine Bennett
Bidgely
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Participation in the Talent Pipeline Challenge is the latest effort by Exelon to enhance its industry-leading workforce development programs. More than 14,000 people have completed one of the company’s workforce development and job training programs since 2019.
CHICAGO--(BUSINESS WIRE)--$EXC--Exelon (Nasdaq: EXC) has signed the White House Talent Pipeline Challenge. The challenge is a nationwide call to action for employers, education and training providers, state, local, Tribal, and territorial governments and philanthropic organizations to make tangible commitments that support equitable workforce development in the critical infrastructure sectors of broadband, construction and electrification.
The pledge is the latest effort by Exelon to build on its industry-leading workforce development programs. These programs have for many years contributed to economic growth in underserved communities and launched rewarding careers for people who face systemic barriers that keep opportunity out of reach. This year, Exelon is on track to invest nearly $14 million to support more than 75 different workforce development programs across the company’s six utilities, reaching more than 5,000 participants.
Exelon’s workforce development program strategy is built on four pillars: STEM awareness and education, barrier reduction/elimination, opportunity creation and partnerships, and thought leadership.
“As the largest energy utility company in the United States, Exelon has a responsibility to be a leading driver of family-sustaining career opportunities that are accessible to people in underserved and under-resourced communities," said Robert Matthews, Exelon chief Diversity, Equity and Inclusion officer. “Bringing our resources to bear in this effort is both a business and moral imperative for Exelon. We commend the Biden-Harris administration for challenging us to do more, and for signaling a national commitment to leveraging the power of partnerships in proven strategies for sustainable, equitable economic growth.”
Commitments by Exelon and other Talent Pipeline Challenge organizations will complement the Federal government’s investment in workforce development. In addition, challenge commitments will help ensure there are trained workers who are ready to meet the demands of implementing the Infrastructure Investment and Jobs Act. These workers will play a vital role in the country’s transition from “a historic economic recovery to stable and steady growth that works for working people,” White House officials said in their challenge announcement.
A stronger talent pipeline starts with stronger partnerships. The challenge encourages employers to partner with and hire skilled workers from at least one training provider in each region in which the employer has operations. The White House said training partnerships will build on pathways to quality jobs for women, people of color and underserved workers—including those from rural and Tribal communities and communities with persistent poverty.
“Exelon is a leader in workforce development and an invaluable thought partner to Center for Energy Workforce Development (CEWD) as we work to encourage more organizations to think equitably about building the energy workforce of the future,” said Missy Henriksen, executive director of CEWD. “We’re grateful to see them continue to demonstrate their commitment to ensuring a diverse energy workforce by signing on to this important challenge.”
Last year, CEWD honored Exelon with the Chairman's Award, which recognizes a company for excellence in workforce development leadership. The organization also honored two Exelon companies with a Community Partner Award: Delmarva Power, for partnerships established as part of its Path to Success Program; and ComEd, for its community partnerships with Chicago Builds and CONSTRUCT Infrastructure Academy.
More than 14,000 people have completed one of Exelon’s workforce development and job training programs since 2019, and nearly 1,300 people have been hired in family-sustaining careers. The majority of those who were offered jobs internally or externally were work-ready adult graduates of one of Exelon's infrastructure academies.
Middle school, high school and college students also benefit from workforce development programs offered by Exelon and the Exelon Foundation. The company’s flagship educational program, the Exelon Foundation STEM Leadership Academy, gives young women in high school hands-on experience in STEM, energy and sustainability, with a goal of introducing the next generation of women to energy careers. More than 800 students have participated since the program launched in 2018 and 16 participants have received four-year full-ride college scholarships from the Exelon Foundation.
Exelon is in the early stages of discussions with the Biden-Harris administration to determine how commitments under the Talent Pipeline Challenge could augment our programs.
More information about Exelon’s workforce development programs is available at exeloncorp.com.
About Exelon
Exelon (Nasdaq: EXC) is a Fortune 200 company and the nation’s largest utility 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 supporting our communities through reliable, affordable and efficient energy delivery, workforce development, equity, economic development and volunteerism. Follow Exelon on Twitter @Exelon.
Nick Alexopulos
Corporate Communications
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SANTA BARBARA, Calif.--(BUSINESS WIRE)--#AI--Idrive offers all in one Artificial Intelligence (AI) Services for the idrive AI Cam. Starting in 2022 idrive now offers all its AI services bundled into one monthly package. The idrive AI Cam is a next-generation dash camera with technology that identifies and interprets human driving behavior, generating critical data to improve driver performance and save lives. Idrive is a leading provider of Artificially Intelligent (AI) software and hardware for highly accurate driver monitoring.
Since the release of the idrive AI Cam in 2019 AI features have been offered à la carte as an add on to any idrive standard tracking package, now it is all rolled into one low-cost monthly package. Beginning in 2022 idrive now offers Tracking + AI Bundle. “We know the benefits of our AI features and how much it can really change the way drivers drive and managers manage so we began to offer these as one package because we believe it is so valuable for every client to have it,” stated Curt Andrews, Chief Customer Success Officer. He went on to state that “AI really can pinpoint issues in real-time that the human eye can’t always see right away. This allows us to hopefully correct the behavior before an accident occurs.”
The idrive Tracking and AI Bundle now includes:
Other services for additional data etc. remain available for à la carte additions to service packages.
To learn more about idrive products visit https://idriveglobal.com/
About idrive, Inc.:
Idrive, Inc., is a global leader in Video Telematics and Artificial Intelligence based services for the transportation industry. With over 10 years in the industry and one of the world’s biggest repositories of labeled and verified video data, idrive’s intelligent systems are enhanced by over 11 billion miles of driving data, deep learning and industry insights to produce a leading product that has saved hundreds of lives by preventing collisions through improved driving behavior. Idrive engineers, designs and manufactures all products and technology in-house. For all the latest idrive news follow us: Facebook and Twitter @idriveGlobal and LinkedIn http://www.linkedin.com/company/idriveglobal/ or visit our news page at www.idriveglobal.com/blog/
Related Links
www.idriveglobal.com
Kelli O’Neil
Idrive, Inc.
(805) 308-6094
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