Award grant part of New Mexico Department of Transportation electric vehicle charging station grant program funded by American Rescue Plan Act of 2021
TAOS, N.M.--(BUSINESS WIRE)--Kit Carson Electric Cooperative, Inc (KCEC) today announced that the New Mexico Department of Transportation (NMDOT) has selected KCECs proposed EV projects to receive $800,000 in grant funds appropriated to the NMDOT by the American Rescue Plan Act of 2021, Section 9901 State and Local Fiscal Recovery Funds.
The NMDOT award for KCEC will provide funding for engineering services, design, and installation of electric vehicle (EV) DC fast charging stations across seven New Mexico locations under the NMDOT Level 3 Direct Current Electric Vehicle Charging Station Grant Program. The charging station host entity and their respective locations are:
KCEC began establishing EV charging stations throughout its service area in 2019 as part of its plan to be among the cleanest, most cost-effective electric cooperatives in America. With the new charging sites, KCEC will have 50 total EV charging stations and expand its contribution toward New Mexico’s statewide objective to reduce greenhouse gas emissions by 45% by the year 2030. The EV grant award is the latest in a string of 2022 milestones KCEC is meeting in partnership with its wholesale power provider, Guzman Energy, including having lower retail electricity rates than any Tri-State member cooperative, and achieving 100% daytime solar powered this year.
“With these new charging stations, we are providing our members with expanded clean energy economy services that improve quality of life and economic opportunity in our region,” said Luis A. Reyes, Jr., CEO of KCEC. “We are thrilled that the NMDOT shares our vision to ensure EV services are available to our community as well as to our valued New Mexico tourism visitors.”
The new charging stations are targeted to be operational around 2023.
About Kit Carson Electric Cooperative
Formed in 1944, Kit Carson is a member owned electric distribution cooperative in northern New Mexico and is the second largest cooperative in the state. Kit Carson is one of 16 electric cooperatives that serve rural New Mexico communities, serving nearly 30,000 members in Taos, Colfax and Rio Arriba counties. To learn more about Kit Carson, visit www.kitcarson.com.
Regan Petersen for Guzman Energy
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303-332-3896
DUBLIN--(BUSINESS WIRE)--The "Global Electronic Logging Device Market (2022-2027) by Component, Type, Vehicle Type, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.
The Global Electronic Logging Device Market is estimated to be USD 12.37 Bn in 2022 and is expected to reach USD 15.2 Bn by 2027, growing at a CAGR of 4.21%.
Forces of Market Dynamics may be related to macro-economic and micro-economic factors. There are dynamic market forces other than price, demand, and supply. As the market dynamics impact the supply and demand curves, decision-makers aim to determine the best way to use various financial tools to stem various strategies for speeding the growth and reducing the risks.
The report provides a detailed analysis of the competitors in the market. It covers the financial performance analysis for the publicly listed companies in the market. The report also offers detailed information on the companies' recent development and competitive scenario.
Some of the companies covered in this report are assured Techmatics, Inc., AT&T Inc., BridgeHaul Logistics Solutions, LLC, Influx Technology, Masternaut Ltd., TomTom Telematics, Trimble Inc., Samsara Inc., Verizon Communications Inc., etc.
The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score.
The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.
Market Segmentations
Market Dynamics
Drivers
Restraints
Opportunities
Challenges
Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/e99dj1
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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iAIRE’s breakthrough technology reduces equipment, installation and operating costs and works up to 50% more effectively than other systems
INDIANAPOLIS--(BUSINESS WIRE)--Despite a large majority of Americans supporting solar technology, accessing high-quality, energy-saving resources remains out of reach for many consumers. iAIRE, a leading designer and manufacturer of customized solutions for cleaner air and reduced energy costs, is looking to change solar access with the launch of its patented Solar HVAC for homes and businesses across all industries.
iAIRE’s breakthrough technology not only saves money on equipment, installation and operations but also works up to 50% more effectively than other systems currently on the market. Designed for peak performance, it’s the only system with an American-made solar panel, compressor VFD for motor speed and control logic for operation.
“We’re thrilled to present our Solar HVAC, which harnesses the sun’s energy to generate heat instead of generating electricity,” said Chuck Eno, vice president of sales at iAIRE. “This system builds pressure in the refrigerant, reducing the amount of energy consumed by the compressor, which is typically responsible for up to half of the energy used by an HVAC system.”
iAIRE’s Solar HVAC is also the first HVAC system designed to be effective in most climates. The system’s unique film, designed by the National Renewable Energy Laboratory, utilizes all spectrums of sunlight to generate heat, making it more efficient than a traditional solar film which requires direct sunlight.
Manufactured in the United States, iAIRE’s solar panels are tailor-designed for new and retrofitted equipment and mounted directly to the unit, saving on real estate as well as equipment and installation costs. Additionally, iAIRE’s 5-ton solar panel is about the same physical size as a traditional solar panel – but provides substantial ongoing utility savings over conventional HVAC equipment.
“With the launch of the Solar HVAC, we’re proud to deliver on our mission to make solar more accessible through reduced costs and to help people to live out their values by reducing carbon emissions,” said Joe Finkam, CEO at iAIRE.
The federal government currently offers a tax credit of 40% – 30% for solar panels, with an additional 10% for American-made solar panels such as iAIRE’s. For a more detailed look at these incentives and to learn more about the overall benefits of iAIRE’s Solar HVAC, visit myiAIRE.com.
Additionally, those attending the 2023 AHR Expo are invited to meet the iAIRE team at Booth #7567 at the Georgia World Congress Center in Atlanta, from Feb. 6-8, 2023.
About iAIRE
iAIRE, LLC was founded in 2013 with the concept of adding ionization to outside air systems that provide energy savings for commercial business operators and healthier, cleaner air for their employees and customers. As the benefits of its ionization products have been realized and the business has grown, iAIRE’s product offerings have increased. Today, iAIRE designs and manufactures the highest efficiency HVAC units on the market, serves businesses across all industries and homeowners, and works to reduce harmful emissions output and alter the path of climate change.
iAIRE is based in Indiana with manufacturing in Florida, serving businesses, industrial complexes and more across the United States. iAIRE’s extensive offerings appeal to building operators committed to improving air quality for customers and workers while keeping HVAC operating costs low in buildings such as hospitals, public schools, financial institutions, shopping malls, churches, synagogues, government buildings, office parks, athletic complexes and more.
Sue Finkam
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317.614.5835
LONDON--(BUSINESS WIRE)--ChargePoint Holdings, Inc. (NYSE: CHPT), a leading electric vehicle (EV) charging network, today announced the launch of the CP6000, ChargePoint’s most flexible and serviceable global AC EV charging solution now available for vehicles of all types and sizes.
Designed for the needs of the European market, the CP6000 is a complete charging solution for businesses and fleets that want to confidently and efficiently prepare for the future of electric mobility. Seamlessly integrating network software, station hardware and customer support, the CP6000 is designed to prepare businesses of all kinds across the globe for the next wave of EV adoption. The CP6000 is designed for scalability, flexibility, reliability, and a best-in-class driver experience, and offers reliable AC charging for 1 or 3 phase power at an adaptable output of 3.7 to 22kw per port.
“ChargePoint’s mission is to make the transition to electric mobility simple. As the result of ChargePoint’s experience shaping the charging industry over the past 15 years, we understand what is critical to station owners and drivers, including effortless charging experiences, scalable design, quality products and excellent service,” stated ChargePoint Chief Product Officer, Bill Loewenthal. “EV charging needs are universal, even if what and how we drive varies by geography. The CP6000 has been designed across our R&D facilities in North America and Europe to cater to the charging needs of businesses, fleets and EV drivers. Built on our decade-plus of experience serving EV drivers and all types of organisations, CP6000 has what businesses need to be part of the future of electric mobility.”
Superior driver experience
Whether charging is for employees, customers, visitors or a fleet, the driver is at the centre of it all, which is why the driver is at the centre of the CP6000 design. The top-rated ChargePoint app has over 200,000 active places to charge on its network globally, as well an additional 355,000 public places to charge through roaming integrations with other major networks. ChargePoint driver support is available in multiple languages, ensuring drivers across Europe receive the best experience possible. The addition of the CP6000 to ChargePoint’s network ensures drivers are easily able to find, use and pay for the charge they need, in the language and currency they prefer.
“The new CP6000 series is a great addition to an already strong contingent of reliable, software driven hardware we offer our clients,” stated Bruce Galliford, CEO at RAW Charging, one of the first customers to receive the new technology. “When ChargePoint expanded to Europe, we saw a company with the longevity, customer base, engineering prowess and experience to be a fit with our vision. Leaving the technology to ChargePoint, we can focus on deployment. We have more projects coming for Aviva Investors, Greene King, McArthurGlen and other customers. We’re currently planning strategic expansion across Europe working with organisations that have a portfolio of sites across the continent. This year we’ll be putting in four new sites per working day, and when you’re doing that, you want it to work flexibly and at scale.”
Part of ChargePoint's unified software platform
The CP6000 works seamlessly with ChargePoint’s software platform, which offers real-time visibility into revenue, energy costs and driver details, complete control over pricing and driver access, and actionable reporting with over 35 pre-built charts and reports. ChargePoint’s software also includes robust power management tools to automatically reduce energy costs, on-station video messages, and over 40 turnkey API integrations. The CP6000 is also fully compliant with Open Charge Point Protocol (OCPP) 2.01, the latest version of the open standard. Together, these features make it easy for customers to manage their charging program, reduce costs, improve utilisation, and prepare for the future.
Built for the future of electrification
ChargePoint believes demand for EV charging is poised for rapid growth. The CP6000 series’ modular design and forward-thinking technology supports flexible configurations and easy upgrades, making it the robust solution for scaling EV charging availability and maximising station value. It can be customised into dozens of configurations for multiple use cases or regions, offering options on sockets, cable management, branding, display, shuttering and more. This modularity allows the CP6000 to more easily support field replacements and service, while also offering advanced sensors for enhanced diagnostics and support.
The CP6000 has also been designed to operate on Europe's variety of power grids and regulations. For example, the CP6000 meets the UK government's requirements for contactless payment capabilities for all AC stations of 7.1kW and above.
The CP6000 is now available to order across dozens of ChargePoint operating countries. To learn more about deploying the CP6000 across your business, contact your ChargePoint sales representative or distributor.
About ChargePoint
ChargePoint is creating a new fueling network to move people and goods on electricity. Since 2007, ChargePoint has been committed to making it easy for businesses and drivers to go electric with one of the largest EV charging networks and a comprehensive portfolio of charging solutions available today. The ChargePoint cloud-based subscription platform and software-defined charging hardware are designed to include options for every charging scenario from home and multifamily to workplace, parking, hospitality, retail and transport fleets of all types. Today, one ChargePoint account provides access to hundreds of thousands of places to charge in North America and Europe. To date, more than 133 million charging sessions have been delivered, with drivers plugging into the ChargePoint network on average every second. For more information, visit the ChargePoint pressroom, the ChargePoint Investor Relations site, or contact ChargePoint’s North American or European press offices or Investor Relations.
CHPT-IR
ChargePoint
Matthew Enevoldson
Communications Manager Europe
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Patrick Hamer
VP, Capital Markets and Investor Relations
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HOUSTON--(BUSINESS WIRE)--MV Oil Trust (NYSE: MVO) announced the Trust distribution of net profits for the quarterly payment period ended September 30, 2022.
Unitholders of record on October 17, 2022 will receive a distribution amounting to $7,877,500 or $0.685 per unit payable October 25, 2022.
Volumes, average price and net profits for the payment period were:
Volume (BOE) |
|
|
163,043 |
|
Average price (per BOE) |
|
$ |
97.16 |
|
Gross proceeds |
|
$ |
15,841,172 |
|
Costs |
|
$ |
5,587,580 |
|
Net profits |
|
$ |
10,253,592 |
|
Percentage applicable to Trust’s 80% |
|
|
||
Net profits interest |
|
$ |
8,202,874 |
|
MV Partners reserve for capital expenditures |
|
$ |
-- |
|
Total cash proceeds available for the Trust |
|
$ |
8,202,874 |
|
Provision for current estimated Trust expenses |
|
$ |
(219,957 |
) |
Amount withheld for future Trust expenses |
|
$ |
(105,417 |
) |
Net cash proceeds available for distribution |
|
$ |
7,877,500 |
|
As previously disclosed, in November 2021, the Trustee notified MV Partners, LLC (“MV Partners”) that the Trustee intends to build a reserve for the payment of future known, anticipated or contingent expenses or liabilities, commencing with the distribution payable in the first quarter of 2022. The Trustee intends to withhold a portion of the proceeds otherwise available for distribution each quarter to gradually build a cash reserve to approximately $1.265 million. This amount is in addition to the letter of credit in the amount of $1.8 million provided to the Trustee by MV Partners to protect the Trust against the risk that it does not have sufficient cash to pay future expenses. The Trustee may increase or decrease the targeted amount at any time, and may increase or decrease the rate at which it is withholding funds to build the cash reserve at any time, without advance notice to the unitholders. Cash held in reserve will be invested as required by the Trust Agreement. Any cash reserved in excess of the amount necessary to pay or provide for the payment of future known, anticipated or contingent expenses or liabilities eventually will be distributed to unitholders, together with interest earned on the funds. The Trustee has elected to withhold $105,417 from the proceeds otherwise available for distribution this quarter, for a total amount of $737,919 withheld to date.
This press release contains forward-looking statements. Although MV Partners has advised the Trust that MV Partners believes that the expectations contained in this press release are reasonable, no assurances can be given that such expectations will prove to be correct. The announced distributable amount is based on the amount of cash received or expected to be received by the Trustee from the underlying properties on or prior to the record date with respect to the quarter ended September 30, 2022. Any differences in actual cash receipts by the Trust could affect this distributable amount. Other important factors that could cause these statements to differ materially include the actual results of drilling operations, risks inherent in drilling and production of oil and gas properties, the ability of commodity purchasers to make payment, the effect, impact, potential duration or other implications of the COVID-19 pandemic, actions by the members of the Organization of Petroleum Exporting Countries, and other risk factors described in the Trust’s Annual Report on Form 10-K for the year ended December 31, 2021 filed with the Securities and Exchange Commission. Statements made in this press release are qualified by the cautionary statements made in these risk factors. The Trust does not intend, and assumes no obligations, to update any of the statements included in this press release.
MV Oil Trust
The Bank of New York Mellon Trust Company, N.A., as Trustee
Elaina Rodgers
713-483-6020
Technology adoption makes British power sector a leader in smart grids, but infrastructure and customer engagement challenges remain, ISG Provider Lens™ report says
LONDON--(BUSINESS WIRE)--$III #CustomerInformationSystems--Utility companies in the U.K. have made significant strides in digital transformation in response to fast-moving energy trends, including decarbonization and decentralization, according to a new research report published today by Information Services Group (ISG) (Nasdaq: III), a leading global technology research and advisory firm.
The 2022 ISG Provider Lens™ Power and Utilities — Services and Solutions report for the U.K. finds the British energy sector is ahead of North America in adopting new technologies and regulations, though utilities are still working to address changing customer preferences, rising energy costs, cybersecurity and the transition to renewable resources.
“British utilities are pioneers in smart grids and other new technologies,” said Tim Morley, director, ISG Northern Europe, based in the U.K. “Working with service providers, they are improving operational performance and driving increased efficiencies and enhanced customer service.”
In addition to increasing investments in smart grid research, testing and trials, the U.K. energy sector is expanding its use of other digital tools and services, including SaaS-based enterprise asset management to minimize downtime and latencies, cloud computing for advanced metering and data analysis and AI for resiliency and personalized customer service, the report says.
Utilities are quickly moving into wind, solar and other renewables, expecting to significantly increase green energy capacity in the next 10 years, as the U.K. government and enterprises set ambitious goals for net-zero emissions, ISG says. Integrating new energy sources, including power sold back to the grid by customers, along with the transition to electric vehicles (EVs), will require major upgrades to Britain’s transmission and distribution infrastructure.
“British utilities are reshaping the grid to keep it reliable as distributed generation and new power demands come online,” said Jan Erik Aase, partner and global leader, ISG Provider Lens Research. “They are also preparing for new business models around EVs, energy storage and value-added services for prosumers.”
Customer demand for new digital experiences, influenced by trends in other industries, has led British utilities to invest in new customer service infrastructure, including advanced customer information systems. They are upgrading systems dominated by voice calling to omnichannel platforms that incorporate chatbots, robotic process automation and smart speaker interaction.
The report also examines other issues in the British utility sector, including the shortage of digital skills in an aging workforce, greater vulnerability to cyberattacks with a smart grid and the industry’s challenges in cloud adoption.
The 2022 ISG Provider Lens™ Power and Utilities — Services and Solutions report for the U.K. evaluates the capabilities of 33 providers across five quadrants: Intelligent Business Process Management Services (iBPMS), Next-Gen IT Services, Grid Modernization, Enterprise Asset Management (EAM) and Customer Information Systems (CIS).
The report names Accenture, IBM and Infosys as Leaders in all five quadrants. It names Cognizant as a Leader in four quadrants and Atos, Capgemini and TCS as Leaders in three quadrants each. EXL, Teleperformance and WNS are named as Leaders in two quadrants. CGI, HCL, Hitachi Vantara and Wipro are named as Leaders in one quadrant each.
In addition, Enzen is named as a Rising Star — a company with a “promising portfolio” and “high future potential” by ISG’s definition — in one quadrant.
A customized version of the report is available from EXL.
The 2022 ISG Provider Lens™ Power and Utilities — Services and Solutions report for the U.K. is available to subscribers or for one-time purchase on this webpage.
About ISG Provider Lens™ Research
The ISG Provider Lens™ Quadrant research series is the only service provider evaluation of its kind to combine empirical, data-driven research and market analysis with the real-world experience and observations of ISG's global advisory team. Enterprises will find a wealth of detailed data and market analysis to help guide their selection of appropriate sourcing partners, while ISG advisors use the reports to validate their own market knowledge and make recommendations to ISG's enterprise clients. The research currently covers providers offering their services globally, across Europe, as well as in the U.S., Canada, Brazil, the U.K., France, Benelux, Germany, Switzerland, the Nordics, Australia and Singapore/Malaysia, with additional markets to be added in the future. For more information about ISG Provider Lens research, please visit this webpage.
A companion research series, the ISG Provider Lens Archetype reports, offer a first-of-its-kind evaluation of providers from the perspective of specific buyer types.
About ISG
ISG (Information Services Group) (Nasdaq: III) is a leading global technology research and advisory firm. A trusted business partner to more than 800 clients, including more than 75 of the world’s top 100 enterprises, ISG is committed to helping corporations, public sector organizations, and service and technology providers achieve operational excellence and faster growth. The firm specializes in digital transformation services, including automation, cloud and data analytics; sourcing advisory; managed governance and risk services; network carrier services; strategy and operations design; change management; market intelligence and technology research and analysis. Founded in 2006, and based in Stamford, Conn., ISG employs more than 1,300 digital-ready professionals operating in more than 20 countries—a global team known for its innovative thinking, market influence, deep industry and technology expertise, and world-class research and analytical capabilities based on the industry’s most comprehensive marketplace data. For more information, visit www.isg-one.com.
Press:
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EDEN PRAIRIE, Minn.--(BUSINESS WIRE)--$CHRW #CHRobinson--C.H. Robinson Worldwide, Inc. (“C.H. Robinson”) (Nasdaq: CHRW), one of the world’s largest logistics platforms, announced today that it will issue its third quarter 2022 results after the market closes on Wednesday, November 2, 2022. The company will hold a conference call from 5:00 pm - 6:00 pm Eastern Time on the same day to discuss the quarterly results and answer live questions from the investment community.
Hosting the conference call will be Bob Biesterfeld, President and Chief Executive Officer; Arun Rajan, Chief Product Officer; Mike Zechmeister, Chief Financial Officer; and Chuck Ives, Director of Investor Relations.
Presentation slides and a simultaneous audio webcast of the conference call may be accessed at http://investor.chrobinson.com.
To participate in the conference call by telephone, please call ten minutes early by dialing 877-269-7756. International callers should dial +1-201-689-7817. An audio replay will be available at http://investor.chrobinson.com.
About C.H. Robinson
C.H. Robinson solves logistics problems for companies across the globe and across industries, from the simple to the most complex. With $28 billion in freight under management and 20 million shipments annually, we are one of the world’s largest logistics platforms. Our global suite of services accelerates trade to seamlessly deliver the products and goods that drive the world’s economy. With the combination of our multi-modal transportation management system and expertise, we use our information advantage to deliver smarter solutions for our 100,000 customers and 85,000 contract carriers. Our technology is built by and for supply chain experts to bring faster, more meaningful improvements to our customers’ businesses. As a responsible global citizen, we are also proud to contribute millions of dollars to support causes that matter to our company, our Foundation and our employees. For more information, visit us at www.chrobinson.com (Nasdaq: CHRW).
CHRW-IR
Chuck Ives, Director of Investor Relations
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INDIANAPOLIS--(BUSINESS WIRE)--#battery--At 11 AM Oct. 5 EnPower, Inc., the US-owned fast-charge battery company, opens its first production facility in Indianapolis. This facility is dedicated to producing next generation American-made lithium-ion batteries, a crucial component of our zero-emission future.
The 92,000-square-foot production facility will open with an initial capacity of 800 MWh, quickly growing to well in excess of 1 GWh. EnPower’s multilayer technology has won industry-wide attention because it delivers repeated fast charges without harmful battery degradation or compromising power and energy density.
The capabilities for their uses are multifaceted, from electric vehicles to outdoor lawn and power equipment, commercial and off-highway vehicles, recreational vehicles, drones, marine and aviation.
Indiana State Sen. Kyle Walker and Indiana Rep. Carey Hamilton will participate and share their thoughts about the significance of EnPower’s grand opening and its importance to Indiana and the community.
U.S. Sen. Todd Young of Indiana, who had planned on attending, had a family emergency and will be unable to attend, his office said Monday. His representative is expected to attend in his place.
EnPower, Inc., is a leader in advanced U.S. lithium-ion battery manufacturing. EnPower’s technology advantage lies in its patented multilayer electrodes, which address the trade-off between energy and power. High power and energy density cells with EnPower’s electrodes can repeatedly fast charge without degradation to service life, solving a critical challenge to the mass adoption of all devices that roll, float or fly.
For information or to interview EnPower CEO Annette Finsterbusch
contact:
Taylor Challey
(203) 500-6445
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DUBLIN--(BUSINESS WIRE)--The "Global Solar Battery Market Research and Forecast, 2022-2028" report has been added to ResearchAndMarkets.com's offering.
The global solar battery market is anticipated to grow at a CAGR of around 15.5% during the forecast period. The rise in the demand for sustainable energy storage solutions is the key driver for the growth of the market. The government on the global level are promoting sustainable energy sources that fuel the demand for solar power batteries over the forecast period. Some of the major applications of the solar battery include storage for power plants, solar charging stations, and storage systems for off grids and others.
Therefore, these wide applications of solar batteries are effectively reducing the demand for oil, coal and others fossil fuel resources imported. Furthermore, the growing cost of electricity bills and the reduced contribution of solar batteries to environmental pollution are also fueling the growth of the solar battery market. However, the high cost involved in the installation of a solar energy system act as the restraining factor for the market growth.
Segmental Outlook
The global solar battery market is segmented based on type and end-user. Based on type the market is segmented into the lead acid battery, lithium-ion battery, and others. Further on the basis of end-user, the market is classified into telecommunication industries, home and residential, automobile applications.
The Lithium-Ion Battery segment is estimated to dominate significantly in the global Solar Battery market
Among types, the lithium-ion battery segment is projected to have a significant share in the global Solar Battery market. When compared to its competitors, such as nickel-cadmium batteries, the lithium-ion battery has higher energy density, requires less maintenance, and has low self-discharge rates. It also has a high open-circuit voltage and a good energy-to-weight ratio. The primary factor driving the segment growth is a significant increase in the global adoption of consumer electronics.
The growing use of these electronics has resulted in an irresistible demand for high-quality rechargeable batteries, which is expected to propel market growth. Moreover, the increasing focus on sustainable development, as well as growing awareness about the negative effects of using traditional automobiles, also contributing to the market growth. Furthermore, the government stringent emissions regulations to safeguard the environment and reduce degradation based possibilities are likely to have a significant impact on the lithium-ion battery market.
Regional Outlooks
The global solar battery market is further segmented based on geography including North America, Europe, Asia-Pacific, and the Rest of the World. North America is projected to have a significant share in the global Solar Battery market due to declining prices of solar batteries, growth of the renewable sector, acceleration in the adoption rates of electric vehicles, and rise in the sales of consumer electronics. Moreover, the US government is encouraging both EV and renewable sectors are therefore increasing the demand for battery-based energy storage systems, primarily led by solar batteries. Additionally, the US is the leading economy in global EV sales followed by Canada. Therefore, the increasing adoption rates of electric vehicles will also be driving the growth of the market in the region.
Asia-Pacific is projected to grow significantly in the global Solar Battery market during the forecast period
Asia-Pacific is projected to have significant growth in the market during the forecast period. The growth is attributed to rising of government initiatives to promote renewable energy sources. China is estimated to be the dominating region as the country is the largest manufacturers of electric vehicles in the world. For instance, the Chinese Ministry of Industry and Information Technology (MIIT) announced in December 2019 that new energy vehicles, primarily plug-in electric vehicles (EVs), would account for 25% of total vehicle sales by 2025. As there is increasing demand for electric vehicles, this market is expected to grow at a rapid pace in the coming years
Key Topics Covered:
1. Report Summary
2. Market Overview and Insights
3. Competitive Landscape
4. Market Determinants
5. Market Segmentation
6. Regional Analysis
7. Company Profiles
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/ensb4s
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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DUBLIN--(BUSINESS WIRE)--The "India Diesel Genset Market, By Rating, By Application, By End User, By Region, Competition, Forecast and Opportunities, 2018- 2028F" report has been added to ResearchAndMarkets.com's offering.
India Diesel Genset Market was valued at USD905.03 million in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 7.63% owing to the growing manufacturing industry and demand for power in construction projects.
The diesel generator or diesel Genset (DG) produces electrical energy by combining a diesel engine and an electric generator. It has been engineered to run on diesel fuel. The diesel generators are utilized in places where there is no access to electricity or as a backup power source.
The three applications of diesel generators are prime power, backup power, and peak shaving. The principal source of electricity is the prime power, which is built for long-term use. A remote construction site, rock crushing units, and other examples of prime power are the most typical.
The backup power, also known as a standby generator, is used to provide electricity and begins operating automatically within seconds. High-rise residential structures, commercial towers, and railway stations all have backup power generators. Peak shaving, on the other hand, is a type of demand-side management or load management device that is used to balance the power supply on the network with the electricity load by adjusting or managing the load.
Government Initiative
During the power outage, the diesel generator is critical in ensuring that things were manufactured without interruption. The Union government, in collaboration with state governments, recently announced a new plan for the Diesel Genset market.
According to a new initiative presented by the Tamil Nadu government, small and medium-sized enterprises (SMEs) might earn a subsidy of USD6.5 thousand on the entire cost of a 320 KVA power generator. Previously, people who used 125KVA gensets were entitled to this level of subsidy, which was equal to 25% of the total cost of the generator.
In addition, the Union Budget 2022 has a strong emphasis on healthcare, telecommunications, railways, new inventions, Make in India, and the AatmaNirbhar Bharat program, among other initiatives aimed at increasing the production and use of generators in the Indian market. As a result, the government programs aid in the growth of the diesel generator business.
Genset Used in Power Grid
The power grid is used to produce electrical power using coal and to distribute electricity to the end-user. However, the grid is being impacted by a coal scarcity, as seen in the year 2021, as well as growing demand from end-users. Although the coastal region has been plagued by random cyclones such as Phethai, Gaja, Titli, Ockhi, and others in the previous five years, as well as unpredictable earthquakes, which have impacted millions of people and the region's electrical generation.
As a result, the increasing installation of backup power systems, as well as the strengthening of consumer inclination and awareness toward economical and dependable backup power solutions, will fuel the expansion of the India Diesel Genset market. Diesel generators can perform their operation few hours to several weeks, or until the grid is restored. As a result, diesel Genset companies have a promising future.
Increase spending on Infrastructure
The diesel generator is used in highways, metros, trains, and many other infrastructure projects to ensure a constant supply of electricity and uninterrupted operations. For example, DG sets are used in remote area road construction projects to provide continuous energy and complete the project on time, and Indian Railways are planning to install diesel generators to power air conditioners in trains in the next years.
In addition, metro rail projects are a key opportunity for DG sets in the coming years, with a new metro rail policy on the horizon and every major city in India planning to build a metro rail network. In the event of a power failure, each metro station would require DG sets as a backup.
Focus on New Technology
The requirement for a constant and reliable source of electricity, as well as increased urbanization and industrialization, are propelling the India diesel generator market forward. However, strict government regulations aimed at decreasing greenhouse gas emissions from diesel generators, as well as the rapid expansion of the renewable energy sector, are impeding the market's growth and harming the environment, as well as driving up maintenance and operating costs.
On the other hand, firms are now focusing on increasing technological advances in diesel generators, as well as rising energy demand from various end-use sectors, which are likely to provide excellent growth opportunities for leading corporations in the next years.
Report Scope:
India Diesel Genset Market, By Rating:
India Diesel Genset Market, By Application:
India Diesel Genset Market, By End User Industry:
India Diesel Genset Market, By Region:
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in India Diesel Genset Market.
For more information about this report visit https://www.researchandmarkets.com/r/2lfmo2
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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BRYN MAWR, Pa.--(BUSINESS WIRE)--Essential Utilities Inc. (NYSE: WTRG) expects to report earnings for the quarter ended Sept. 30, 2022 before the market opens on Nov. 7, 2022.
The company’s conference call with financial analysts will take place on Monday, Nov. 7, 2022 at 11 a.m. Eastern Standard Time. The call and presentation will be webcast live so interested parties may listen over the internet by logging on to Essential.co and following the link for Investors. The conference call will be archived in the Investor Relations section of the company’s website for 90 days following the call. Additionally, the call will be recorded and made available for replay at 2 p.m. on Nov. 7, 2022 for 10 business days following the call. To access the audio replay in the U.S., dial 866.583.1035 (pass code 6076274). International callers can find their dial in number here (pass code 6076274).
About Essential
Essential is one of the largest publicly traded water, wastewater service and natural gas providers in the U.S., serving approximately 5.5 million people across 10 states under the Aqua and Peoples brands. Essential is committed to excellence in proactive infrastructure investment, regulatory expertise, operational efficiency and environmental stewardship. The company recognizes the importance water and natural gas play in everyday life and is proud to deliver safe, reliable services that contribute to the quality of life in the communities it serves. For more information, visit http://www.essential.co.
WTRGF
Brian Dingerdissen
Essential Utilities Inc.
Investor Relations
O: 610.645.1191
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Sarah Courtright
Communications and Marketing
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Study to evaluate completion of the lithium carbonate plant at North American Lithium
Spodumene concentrate production at North American Lithium remains targeted for H1 2023 with revenue potential in Q3 2023
BELMONT, N.C.--(BUSINESS WIRE)--Piedmont Lithium (“Piedmont”, “Company”) (Nasdaq: PLL; ASX: PLL), a leading global developer of lithium resources critical to the U.S. electric vehicle (“EV”) supply chain, today announced that Sayona Quebec, owned 75% by Sayona Mining (“Sayona”) (ASX: SYA) and 25% by Piedmont, has launched a prefeasibility study (“PFS”) for lithium carbonate production at its North American Lithium (“NAL”) operation in Quebec.
The study will evaluate potential completion and restart of the lithium carbonate plant at NAL. The operations at NAL feature about 50% of the facilities needed to produce lithium carbonate, which were partially constructed by prior owners of the NAL operation. Sayona Quebec expects results of the PFS in H1 2023. Further evaluation of the production of lithium carbonate or lithium hydroxide in Quebec may follow completion of the PFS study.
President and CEO of Piedmont Lithium Keith Phillips said exploring opportunities to produce lithium chemicals in Quebec is an extension of the efforts already underway at NAL. “Evaluating the completion of the lithium carbonate facilities at NAL is a logical next step in our long-term plans for Quebec. In the near term, we continue to focus with our partners at Sayona on restart of spodumene concentrate production at NAL within H1 2023,” said Phillips. “Commercial shipments of spodumene concentrate could begin as early as Q3 2023, providing revenue generation from NAL as well as product sales through Piedmont’s offtake agreement.”
In September, Sayona Quebec announced that plans to restart spodumene concentrate production at NAL were on track with permitting and procurement of equipment well advanced and with most major items required for the NAL restart already on-site. A major mining contract was awarded to Fournier et Fils for the operation of the NAL open pit for a four-year term.
The statements in the link below were prepared by, and made by, Sayona Mining. The following disclosures are not statements of Piedmont and have not been independently verified by Piedmont. Sayona Mining is not subject to U.S. reporting requirements or obligations, and investors are cautioned not to put undue reliance on these statements. Sayona Mining’s original announcement can be found here.
About Piedmont Lithium
Piedmont Lithium (Nasdaq: PLL; ASX: PLL) is developing a world-class, multi-asset, integrated lithium business focused on enabling the transition to a net zero world and the creation of a clean energy economy in North America. Our goal is to become one of the largest lithium hydroxide producers in North America by processing spodumene concentrate produced from assets where we hold an economic interest. Our projects include our Carolina Lithium and Tennessee Lithium projects in the United States and partnerships in Québec with Sayona Mining (ASX: SYA) and in Ghana with Atlantic Lithium (AIM: ALL; ASX: A11). These geographically diversified operations will enable us to play a pivotal role in supporting America’s move toward energy independence and the electrification of transportation and energy storage. For more information, visit www.piedmontlithium.com.
Forward Looking Statements
This press release contains forward-looking statements within the meaning of or as described in securities legislation in the United States and Australia, including statements regarding exploration, development, and construction activities of Sayona Mining and Piedmont; current plans for Piedmont’s mineral and chemical processing projects; strategy; and strategy. Such forward-looking statements involve substantial and known and unknown risks, uncertainties, and other risk factors, many of which are beyond our control, and which may cause actual timing of events, results, performance or achievements and other factors to be materially different from the future timing of events, results, performance, or achievements expressed or implied by the forward-looking statements. Such risk factors include, among others: (i) that Piedmont or Sayona Mining will be unable to commercially extract mineral deposits, (ii) that Piedmont’s or Sayona Mining’s properties may not contain expected reserves, (iii) risks and hazards inherent in the mining business (including risks inherent in exploring, developing, constructing and operating mining projects, environmental hazards, industrial accidents, weather or geologically related conditions), (iv) uncertainty about Piedmont’s ability to obtain required capital to execute its business plan, (v) Piedmont’s ability to hire and retain required personnel, (vi) changes in the market prices of lithium and lithium products, (vii) changes in technology or the development of substitute products, (viii) the uncertainties inherent in exploratory, developmental and production activities, including risks relating to permitting, zoning and regulatory delays related to our projects as well as the projects of our partners in Quebec and Ghana, (ix) uncertainties inherent in the estimation of lithium resources, (x) risks related to competition, (xi) risks related to the information, data and projections related to Sayona Mining, (xii) occurrences and outcomes of claims, litigation and regulatory actions, investigations and proceedings, (xiii) risks regarding our ability to achieve profitability, enter into and deliver product under supply agreements on favorable terms, our ability to obtain sufficient financing to develop and construct our projects, our ability to comply with governmental regulations and our ability to obtain necessary permits, and (xiv) other uncertainties and risk factors set out in filings made from time to time with the U.S. Securities and Exchange Commission (“SEC”) and the Australian Securities Exchange, including Piedmont’s most recent filings with the SEC. The forward-looking statements, projections and estimates are given only as of the date of this presentation and actual events, results, performance, and achievements could vary significantly from the forward-looking statements, projections and estimates presented in this presentation. Readers are cautioned not to put undue reliance on forward-looking statements. Piedmont disclaims any intent or obligation to update publicly such forward-looking statements, projections, and estimates, whether as a result of new information, future events or otherwise. Additionally, Piedmont, except as required by applicable law, undertakes no obligation to comment on analyses, expectations or statements made by third parties in respect of Piedmont, its financial or operating results or its securities.
For further information:
Erin Sanders
VP, Corporate Communications
T: +1 704 575 2549
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Media Inquiries
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Meets with Industry Leaders at Port Houston
HOUSTON--(BUSINESS WIRE)--On Tuesday, Texas Governor Greg Abbott met at Port Houston offices with Chairman Ric Campo, Executive Director Roger Guenther, and Houston Ship Channel leaders representing energy and petrochemical industries. During a roundtable discussion, Governor Abbott received an update on Port Houston, on Project 11 – the $1 billion widening of the Houston Ship Channel – and other matters of concern.
The Houston Ship Channel is home to Port Houston’s container facilities, which handle nearly 70% of all the U.S. Gulf Coast container traffic, as well as the nation’s premier petrochemical complex.
A press conference was held following the meeting, at which Governor Abbott remarked that he was “amazed to learn this port is growing faster in container volume than any of the other major U.S. ports.”
Texas continues to rank as the #1 state in the U.S. for exports, with steadily increasing energy and manufacturing cargoes, along with record-level container activity at Port Houston.
Port Houston Chairman Campo remarked on the importance of the governor’s visit and meeting with industry leaders to address the critical needs of the Houston Ship Channel. Executive Director Guenther emphasized that “nearly 50% of Texas’ waterborne tonnage comes through the Houston Ship Channel.”
But it is not just a vital asset to Texas – the federal waterway supports more than $800 billion to the United States economy and is a critical link to transporting goods and commerce across the nation. The ongoing work of Project 11, to widen and deepen the nation’s busiest waterway, will allow for safer and more efficient two-way vessel traffic, delivering more goods, cargo, jobs, and economic prosperity for Texas and the region.
Project 11 stands as a historic model for federal, local, and private investment, as the collaboration among Port Houston, the U.S. Army Corps of Engineers, a bipartisan delegation of federal, state, and local officials, and Houston Ship Channel industry members have all contributed to its success.
About Port Houston
For more than 100 years, Port Houston has owned and operated the public wharves and terminals along the Houston Ship Channel, including the area’s largest breakbulk facility and two of the most efficient container terminals in the country. Port Houston is the advocate and a strategic leader for the Channel. The Houston Ship Channel complex and its more than 200 public and private terminals, collectively known as the Port of Houston, is the nation’s largest port for waterborne tonnage and an essential economic engine for the Houston region, the state of Texas and the U.S. The Port of Houston supports the creation of nearly 1.35 million jobs in Texas and 3.2 million jobs nationwide, and economic activity totaling $339 billion in Texas – 20.6 percent of Texas’ total gross domestic product (GDP) – and $801.9 billion in economic impact across the nation. For more information, visit the website at PortHouston.com.
Lisa Ashley-Daniels, Director, Media Relations, Office: 713-670-2644; Mobile: 832-247-8179; E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
The transaction fulfills IPACKCHEM’s vision of producing specialized barrier containers on every major continent for its multi-national customers.
PARIS--(BUSINESS WIRE)--Today, IPACKCHEM Group (“IPACKCHEM”) announced it has acquired a majority stake in TPG Plastics LLC (“TPG”), a leading manufacturer of engineered plastic blow molded products, to bring IPACKCHEM’s Advanced In-Mold Fluorination technology (“Advanced IMF”) to North America, with an initial focus on the crop protection market for the 2023-24 growing season.
Founded in 1987, IPACKCHEM is a leading global supplier of innovative and specialized barrier packaging solutions that service the crop protection and specialty chemicals end markets. IPACKCHEM’s leading market positions are further underscored by its strong sustainability orientation and 100% recyclable plastic barrier packaging. It currently has facilities across Europe, the UK, China, India, Brazil, and South Africa.
From its state-of-the art manufacturing facility in Murray, Kentucky, TPG is a premier supplier of portable fuel containers and engineered blow molded products. TPG has industry leading expertise in the highly regulated portable fuel container market and its products use patented flame mitigation and dispensing technology to ensure the highest levels of product safety.
JP Morvan, founder and CEO of IPACKCHEM, commented, “We are extremely excited to partner with TPG Plastics, which has established a high-quality business, and look forward to producing our Advanced IMF barrier packaging in their world-class plant ideally located in Murray. This transaction is an important step for IPACKCHEM to deliver on our promise to serve our international customers from a truly global manufacturing footprint. We plan to supply the North American crop protection market as of the 2023-2024 season, while continuing to expand TPG’s existing customer base. IPACKCHEM’s presence in Murray will also open opportunities to expand our offering to other customers in Life Enhancing Chemical segments, including those we currently serve on other continents.”
IPACKCHEM plans to make significant near-term investments to bring its Advanced IMF to North America and add meaningful incremental capacity at TPG to support expansion.
Saquib Toor, Founding Partner of Beaconhouse Capital Management, majority owner of TPG said, “IPACKCHEM is the ideal partner for TPG to support its next phase of growth. We are excited by JP’s commitment to not only grow TPG’s existing customer base and end-markets, but also to invest in our Murray facility to launch IPACKCHEM’s innovative barrier technology to North America to serve the attractive crop protection market. The TPG management team looks forward to working with IPACKCHEM to bring this vision to fruition.”
Stephen d'Incelli, Managing Director at SK Capital Partners, added, “When we partnered with JP and the IPACKCHEM team, we were excited about the unique opportunity to leverage their best-in-class barrier technology to support the company's continued global expansion. Following IPACKCHEM’s 2021 acquisition in India, this partnership with TPG represents a critical step in achieving this objective in the highly attractive North American market."
About IPACKCHEM
Headquartered in Paris, France, IPACKCHEM is a leading global manufacturer of innovative rigid plastic packaging products (containers, bottles, jerrycans) for crop protection and other key market segments including pharmaceutical, animal health, laboratory and flavors & fragrances.
The Company’s safe, secure and sustainable UN-approved, packaging solutions enable users to safely transport and distribute “hard-to-hold” and hazardous chemicals while adhering to stringent regulations. IPACKCHEM currently operates through 11 production facilities, employs ~1,300 people and serves ~1,200 customers in 35 countries. IPACKCHEM carries an EcoVadis Platinum rating.
For more information, please visit www.ipackchem.com.
About SK Capital Partners
SK Capital Partners is a private investment firm with a disciplined focus on the specialty materials, specialty chemicals, and pharmaceuticals sectors. SK Capital’s portfolio of businesses generates revenues of approximately $16 billion annually, employs more than 20,000 people globally and operates 203 plants in 32 countries. The firm currently has approximately $6.6 billion of assets under management.
About Beaconhouse Capital Management
Beaconhouse is a private investment firm focused on transformational equity investments in the lower middle market. Its investors include prestigious university endowments, family offices and industry leading executives.
Victor Lusvardi
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Laura Norup-Boyer
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Phil Nunes
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HOFFMAN ESTATES, Ill.--(BUSINESS WIRE)--Heritage-Crystal Clean, Inc. (Nasdaq: HCCI) plans to release its financial results for the third quarter of 2022, which ended September 10, 2022, after the market close on Wednesday, October 19, 2022.
The company will host a conference call on Thursday, October 20, 2022 at 9:30 AM Central Time, during which management will give a presentation focusing on the Company's operations and financial results. Interested parties can listen to the audio webcast available through our company website, http://crystal-clean.com/investor-relations/, and can participate on the call by dialing (888) 440-4149. After dialing the number, you will be required to provide the following passcode before being joined to the conference call: 8889427.
About Heritage-Crystal Clean, Inc.
Heritage-Crystal Clean, Inc. provides parts cleaning, used oil re-refining, hazardous and non-hazardous waste disposal, emergency and spill response, and industrial and field services to vehicle maintenance businesses, manufacturers and other industrial businesses, as well as utilities and governmental entities. Our service programs include parts cleaning, regulated containerized and bulk waste management, used oil collection and re-refining, wastewater vacuum, emergency and spill response, industrial and field services, waste antifreeze collection, recycling and product sales. These services help our customers manage their used chemicals and liquid and solid wastes, while also helping to minimize their regulatory burdens. Through our used oil re-refining program, during fiscal 2021, we recycled approximately 66 million gallons of used oil into high quality lubricating base oil, and we are a supplier to firms that produce and market finished lubricants. Through our antifreeze program during fiscal 2021 we recycled approximately 3.9 million gallons of spent antifreeze which was used to produce a full line of virgin-quality antifreeze products. Through our parts cleaning program during fiscal 2021 we recycled 2 million gallons of used solvent into virgin-quality solvent to be used again by our customers. In addition, we sold 0.5 million gallons of used solvent into the reuse market. Through our containerized waste program during fiscal 2021 we collected 21 thousand tons of regulated waste which was sent for energy recovery. Through our wastewater vacuum services program during fiscal 2021 we treated approximately 49 million gallons of wastewater. Heritage-Crystal Clean, Inc. is headquartered in Hoffman Estates, Illinois, and operates through 105 branch and industrial services locations serving approximately 103,000 customer locations.
Heritage-Crystal Clean, Inc.
Mark DeVita, Chief Financial Officer (847) 836-5670
http://www.crystal-clean.com
TORONTO--(BUSINESS WIRE)--#Technology--Facedrive Inc. (“STEER” or “the Company”) (TSXV: FD) (OTCQX: FDVRF), an integrated ESG technology platform, is pleased to announce it has received TSX Venture Exchange (the “TSXV”) approval for its corporate name change from “Facedrive Inc.” to “STEER Technologies Inc.” and its related stock symbol change to “STER”. This announcement follows on the Company’s news release dated April 20, 2022, announcing its overall rebranding efforts to “STEER” and the approval of its shareholders to a corporate name change on July 12, 2022. Trading on the TSXV in the Company’s common shares under the new ticker symbol “STER” will commence at market opening on October 11, 2022. Contemporaneously, it is anticipated that the Company’s common shares on the OTCQX will begin trading under the new stock symbol “STEEF”.
The Company’s common shares have a new CUSIP number of 858335102 and ISIN number of CA8583351025. The transfer agent of the Company continues to be Odyssey Trust Company. There is no change in the capitalization of the Company in connection with the change of name and new trading symbols. No action is required by existing security holders of the Company with respect to the name change and new trading symbols. Outstanding common shares certificates or DRS notices do not need to be exchanged. If registered shareholders have any questions or wish to receive an updated DRS statement or share certificate, they can contact the Company’s transfer agent, Odyssey Trust by calling toll free 1 (587) 885-0960, or by email at This email address is being protected from spambots. You need JavaScript enabled to view it. or by visiting www.odysseycontact.com.
"We are extremely excited to take this final step in repositioning our brand as "STEER" and get all final approvals to start trading under the updated symbol. We feel the new name and logo truly encapsulate the entirety of STEER’s value proposition as a means to steer the world towards eco-friendliness and social responsibility in a nimble and agile manner. Market response and acceptance of the new name and logo have been positive since the launch of the rebranding campaign, and we believe that the strong new brand we are creating will continue to drive growth and steer us to be a global leader of on-demand and subscription-based mobility services," said Suman Pushparajah, CEO of the Company.
About the Company
STEER is an integrated ESG technology platform that moves people and delivers things through subscription and on-demand services. The Company’s goal is to build a one-of-a-kind system that aggregates conscientious users, through a series of connected offerings, and enables them to buy, sell, or invest with the same platform, STEER. The Company’s offerings generally fall into two categories: subscription-based offerings led by its flagship electric vehicle subscription business, STEER EV, and on-demand services incorporating delivery, B2B marketplace, Delivery-as-a-Service (DaaS) and rideshare businesses. The Company’s platform is also powered by EcoCRED, its big data, analytics and machine learning engine which seeks to capture, analyze, parse and report on key data points in ways that measure the Company’s impact on carbon reductions and offsets.
For more about the Company, visit www.steeresg.com.
Suman Pushparajah, CEO
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STEER
100 Consilium Pl, Unit 400
Scarborough, ON
Canada M1H 3E3
www.steeresg.com
Forward-Looking Information
Certain information in this press release contains forward-looking information, including with respect to the Company’s business, operations and condition, management’s objectives, strategies, beliefs and intentions, and the company’s forward plans to scale up its electric vehicle fleet. This information is based on management’s reasonable assumptions and beliefs in light of the information currently available to us and are made as of the date of this press release. Actual results and the timing of events (for example, the success of the Company’s rebranding campaigns with its new name) may differ materially from those anticipated in the forward-looking information as a result of various factors. Information regarding our expectations of future results, performance, achievements, prospects or opportunities or the markets in which we operate is forward-looking information. Statements containing forward-looking information are not facts but instead represent management’s expectations, estimates and projections regarding future events or circumstances. Many factors could cause our actual results, level of activity, performance or achievements or future events or developments to differ materially from those expressed or implied by the forward-looking statements.
See “Forward-Looking Information” and “Risk Factors” in the Company’s Annual Management Discussion & Analysis (MD&A) for the year ended December 31, 2021 (filed on SEDAR on May 2, 2022) and its interim MD&A for the periods ended March 31, 2022 (filed on SEDAR on May 30, 2022) and June 30, 2022 (filed on SEDAR on August 29, 2022) for a discussion of the uncertainties, risks and assumptions associated with these statements and other risks. Readers are urged to consider the uncertainties, risks and assumptions carefully in evaluating the forward-looking information and are cautioned not to place undue reliance on such information. We have no intention and undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable securities legislation and regulatory requirements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
TORONTO--(BUSINESS WIRE)--Sherritt International Corporation (“Sherritt” or the “Corporation”) (TSX: S) today released its 2021 Sustainability Report, Climate Report, Tailings Management Report and Sustainability Scorecard outlining the Corporation’s performance on environmental, social, and governance (ESG) matters. All amounts are in Canadian currency unless otherwise noted.
“Our Sustainability Framework is intrinsically embedded into our overall business strategy, which is focused on growing and optimizing our existing operations, maximizing value to our shareholders, employees and communities, and building our brand as a preferred supplier of critical minerals,” said Leon Binedell, President and CEO of Sherritt International. “I am proud of the successes we are reporting to date in our ESG mandates, and I strongly believe that the groundwork laid out by our teams in 2021 and throughout 2022 will provide us with the information and capability to make strategic investments and deliver meaningful results towards a just energy transition.”
Highlights from Sherritt’s 2021 sustainability reports include:
Sherritt’s 2021 Sustainability Report, was prepared with reference to the Global Reporting Initiative’s (GRI) Standards and the Sustainability Accounting Standards Board (SASB) Metals and Mining Standard. It is available on Sherritt’s website at 2021 Sustainability Report.
About Sherritt International
Headquartered in Toronto, Sherritt is a world leader in using hydrometallurgical processes to mine and refine nickel and cobalt – metals essential for an electric future. Its Technologies Group creates innovative, proprietary solutions for natural resource-based industries around the world to improve environmental performance and increase economic value. Sherritt has embarked on a multi-pronged growth strategy focused on expanding nickel and cobalt production by up to 20% from 2021 and extending the life of mine at Moa beyond 2040. The Corporation is also the largest independent energy producer in Cuba. Sherritt’s common shares are listed on the Toronto Stock Exchange under the symbol “S”.
For more information, please contact:
Lucy Chitilian, Investor Relations
Telephone: 416-935-2457
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
www.sherritt.com
Sherritt International Corporation
Bay Adelaide Centre, East Tower
22 Adelaide Street West, Suite 4220
Toronto, ON M5H 4E3
— Mercury-free UVC disinfection —
NEW YORK & DÜSSELDORF, Germany & TOKYO--(BUSINESS WIRE)--#asahikasei--Asahi Kasei, a diversified Japanese multinational company, and subsidiary Crystal IS have concluded in a bacterial performance test that an experimental Klaran™ WR water treatment reactor demonstrated over 75% higher performance than a traditional low pressure mercury lamp system using an equivalent power consumption level.
Klaran™ WR is an inline Point of Use (PoU) water treatment reactor (Figure 1, left) which combines Crystal IS’ UVC LEDs based on aluminum nitride (AlN) substrates (Figure 1, right), with Asahi Kasei’s R&D capability in the design and application of optics and fluid-dynamics.
While conventional UV water treatment systems have used mercury lamps as a light source, nations around the world adopted stricter regulations after the Minamata Convention on Mercury became effective in 2017, due to the hazards that mercury poses to health and the environment. UVC LEDs have been developed as a mercury-free light source featuring small size, light weight and flexibility in design. A key milestone speeding the transition to this modern light source is demonstrating that the disinfection performance, power efficiency and value of the new LED technology can fully meet or exceed the incumbent mercury lamp.
While it is widely understood and accepted that UVC LED’s instant on-off capability offers a significant advantage and better alignment with actual consumer use than an “always on” mercury lamp system, a question remained whether an equivalent powered LED system could demonstrate equivalent disinfection performance as a low-pressure mercury lamp system. The experimental Klaran™ WR reactor was developed to demonstrate that UVC LEDs can achieve just this.
A standard Klaran™ WR was enhanced and modified to operate with the same power consumption level (6 W) as a comparable mercury lamp system. Both systems were tested using water at a flow rate of 8 liters per minute (2.1 gallons per minute), with a UV transmittance of 97% at 265 nm and dosed with the addition of approximately 106 CFU/mL of E. coli, a common gram-negative, facultative anaerobic, rod-shaped bacteria, for testing. As there is no established testing method for this type of comparison, Asahi Kasei devised the testing method and contracted an independent laboratory to perform the evaluation. Water quality samples recorded after 2 minutes steady operation with both systems were compared (Figure 2), demonstrating how the Klaran™ WR had over 2 LRV (logarithmic reduction value) better performance than the mercury lamp system. Put another way, the Klaran™ WR system reduced E. Coli in the water to 1/100 of the level of the water disinfected by the mercury lamp system.
The experimental Klaran™ water treatment reactor and the mercury lamp system
Product |
Power consumption |
Weight |
Dimensions |
Experimental Klaran™ WR |
6 W |
125 g |
⌀51 mm × 115 mm |
Conventional mercury lamp system |
6 W |
400 g |
⌀52 mm × 265 mm |
It is Asahi Kasei’s belief that by replacing mercury lamps in water treatment systems with Crystal IS UVC LEDs, it will contribute to the realization of a mercury-free world and meet the global need for energy efficiency and safer water. In addition to water treatment system, Crystal IS will apply the various advantages of UVC LEDs to expand the application of UVC LEDs in surface and air disinfection.
About Crystal IS
Crystal IS, an Asahi Kasei company, and ISO 9001:2015 certified, is a pioneer in the development and commercialization of Aluminum Nitride substrates and UVC LEDS. Aluminum Nitride’s wide bandgap capability means that devices grown on Aluminum Nitride can more effectively (technically and economically) emit at the deeper ultraviolet (UVC) wavelengths than devices grown on sapphire. Crystal IS products are used to produce high performance UVC LEDs for environmental monitoring and disinfection in a variety of applications that enhance and sustain life and living around the world. For more information, visit www.cisuvc.com.
About Asahi Kasei
The Asahi Kasei Group contributes to life and living for people around the world. Since its foundation in 1922 with ammonia and cellulose fiber businesses, Asahi Kasei has consistently grown through the proactive transformation of its business portfolio to meet the evolving needs of every age. With more than 46,000 employees around the world, the company contributes to a sustainable society by providing solutions to the world's challenges through its three business sectors of Material, Homes, and Health Care. Its Materials sector, comprised of Environmental Solutions, Mobility & Industrial, and Life Innovation, includes a wide array of products from battery separators and biodegradable textiles to engineering plastics and sound solutions. For more information, visit www.asahi-kasei.com.
Asahi Kasei is also dedicated to sustainability initiatives and is contributing to reaching a carbon neutral society by 2050. To learn more, visit https://www.asahi-kasei.com/sustainability/.
Company Contact North America:
Asahi Kasei America, Inc.
Jon Todd
39475 W. Thirteen Mile Road, Suite 201, Novi, MI 48377
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
Crystal IS, Inc.
Britt Hafner
70 Cohoes Avenue, Green Island, NY 12183
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
Company Contact Europe:
Asahi Kasei Europe GmbH
Sebastian Schmidt
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DUBLIN--(BUSINESS WIRE)--The "Global Passivated Emitter Rear Cell Market By Component (Anti-Reflective Coating, Silicon wafers, Passivation layer, Capping Layer, Others), By Type (Monocrystalline, Polycrystalline, Thin Film), By Application, By Region, Competition, Forecast and Opportunities , 2017-2027" report has been added to ResearchAndMarkets.com's offering.
The global passivated emitter rear cell market is projected to register a significant CAGR during the forecast years, 2023-2027. Increasing demand for better and more efficient energy storage solutions to meet the growing energy requirement worldwide is the primary driver for the global passivated emitter rear cell market.
Solar panels with passivated emitter rear cells (PERCs) contain an extra layer covering the typical solar cells' backs, increasing the efficiency and output of electrical energy from solar radiation. The safety of the solar panels can be enhanced by using PERC (passivated emitter rear cell) modules.
These modules are able to reduce back recombination and prevent longer-wavelength solar light from turning into heat energy, both of which are detrimental to the device and its performance. Market players are continuously making high-end investments in research and development activities to find new innovative solutions and upgrade the existing infrastructure.
Further improvements to the device are being made to lower installation and maintenance costs in addition to improving its efficiency. Modern PERC panels make better use of available space and operate more efficiently even when fewer panels are put in, which reduces installation time and expense.
The global passivated emitter rear cell market segmentation is based on component, type, application, regional distribution, and competitive landscape. Based on type, the market is divided into monocrystalline, polycrystalline, and thin film. The monocrystalline segment is expected to hold the largest market share during the forecast period, 2023-2027.
Monocrystalline passivated emitter rear cell is a combination of single-crystal cell, passivated emitter cell, and back cell. The solar panel provides high flexibility and has various placements viability & tilt options without compromising efficiency. Monocrystalline passivated emitter rear cells are also efficient in case of low lighting; thus, regions such as Europe can effectively use these for power generation.
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In this report, global passivated emitter rear cell market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Passivated Emitter Rear Cell Market, By Component:
Passivated Emitter Rear Cell Market, By Type:
Passivated Emitter Rear Cell Market, By Application:
Passivated Emitter Rear Cell Market, By Region:
For more information about this report visit https://www.researchandmarkets.com/r/n6onw8
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Collaboration aims to maximize mineral recovery and reduce environmental footprint
HOUSTON & BOSTON--(BUSINESS WIRE)--Schlumberger announced today that it has entered into a partnership with Gradiant, a global water solutions provider, to introduce a key sustainable technology into the production process for battery-grade lithium compounds.
As part of Schlumberger’s NeoLith Energy direct lithium extraction (DLE) and production flowsheet, Gradiant technology is used to concentrate the lithium solution and generate fresh water—a critical element in sustainable lithium production from brine.
“Proper natural resource management is essential in mineral production, and nowhere more so than in lithium,” said Gavin Rennick, president of Schlumberger’s New Energy business. “The unprecedented growth in demand for this critical mineral requires high-quality production without compromising sustainability. The integration of Gradiant technology into our direct lithium extraction (DLE) flowsheet has been key in our strategy to improve sustainability in the global lithium production industry.”
Gradiant’s new solution enhances the impact of the sustainable lithium extraction process—reduced time-to-market and environmental footprint. The technology enables high levels of lithium concentration in a fraction of the time required by conventional methods, while also reducing carbon emissions, energy consumption, and capital costs when compared to thermal-based technologies. This technology integration can be applied into new lithium mineral extraction and production sites, opening opportunities to untapped lithium production regions, as well as existing lithium production operations.
The collaboration will enable the lithium industry to meet surging mineral demand with a previously unattainable level of water utilization, by simultaneously lowering the consumption of fresh water and reducing wastewater.
“We are excited to be working with Schlumberger, with whom we are pioneering a new era of sustainable mineral resource recovery,” said Prakash Govindan, COO of Gradiant. “This is made possible by Gradiant’s deep understanding of the complex chemistry that underlies the production processes, which is then operationalized by machine learning and digital technology. The sustainability impact of the integrated Schlumberger process, combined with Gradiant solutions, is a game-changer for the lithium production market. This strategic partnership will enable the global expansion of Gradiant’s technology in this important industry.”
About Schlumberger
Schlumberger (NYSE: SLB) is a technology company that partners with customers to access energy. Our people, representing over 160 nationalities, are providing leading digital solutions and deploying innovative technologies to enable performance and sustainability for the global energy industry. With expertise in more than 120 countries, Schlumberger collaborates to create technology that unlocks access to energy for the benefit of all. In the world of new energy, Schlumberger leverages its intellectual and business capital to focus on low-carbon and carbon-neutral technologies, including ventures in the domains of hydrogen, lithium, energy storage, carbon capture, utilization and sequestration, geothermal power and geoenergy.
For more information, visit www.newenergy.slb.com
About Gradiant
Gradiant is a global solutions provider for advanced water and wastewater treatment. With a full suite of differentiated and proprietary end-to-end solutions, powered by the top minds in water, Gradiant serves its clients’ mission-critical operations in the world’s essential industries. Gradiant was founded at the Massachusetts Institute of Technology (MIT) and is uniquely positioned to address the world’s increasing challenges created by industrialization, population growth, and water stress. Today, with over 450 employees, Gradiant operates from its global headquarters in Boston, regional headquarters and global technology labs in Singapore, and offices across twelve countries.
For additional information, visit www.gradiant.com.
Cautionary Statement Regarding Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the U.S. federal securities laws — that is, statements about the future, not about past events. Such statements often contain words such as “expect,” “may,” “can,” “estimate,” “intend,” “anticipate,” “will,” “potential,” “projected" and other similar words. Forward-looking statements address matters that are, to varying degrees, uncertain, such as projected demand growth for battery-grade lithium, and other forecasts or expectations regarding global climate change. These statements are subject to risks and uncertainties, including, but not limited to, the inability to achieve net-negative carbon emissions goals; the inability to recognize intended benefits of the partnership; legislative and regulatory initiatives addressing environmental concerns, including initiatives addressing the impact of global climate change; the timing or receipt of regulatory approvals and permits; and other risks and uncertainties detailed in the companies’ public filings, including Schlumberger’s most recent Forms 10-K, 10-Q and 8-K filed with or furnished to the U.S. Securities and Exchange Commission. If one or more of these or other risks or uncertainties materialize (or the consequences of such a development changes), or should underlying assumptions prove incorrect, actual outcomes may vary materially from those reflected in our forward-looking statements. The forward-looking statements speak only as of the date of this press release, the parties disclaim any intention or obligation to update publicly or revise such statements, whether as a result of new information, future events or otherwise.
Media
Moira Duff – Director of External Communication, Schlumberger Limited
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Felix Wang – Vice President of Marketing, Gradiant
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Ndubuisi Maduemezia – Vice President of Investor Relations, Schlumberger Limited
Joy V. Domingo – Director of Investor Relations, Schlumberger Limited
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