Collaboration aims to maximize mineral recovery and reduce environmental footprint
HOUSTON & BOSTON--(BUSINESS WIRE)--Regulatory News:
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
Tel: +1 (713) 375-3407
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Felix Wang – Vice President of Marketing, Gradiant
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Investors
Ndubuisi Maduemezia – Vice President of Investor Relations, Schlumberger Limited
Joy V. Domingo – Director of Investor Relations, Schlumberger Limited
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DUBLIN--(BUSINESS WIRE)--The "Bitumen Market Share, Size, Trends By Product Type, By Application, By Region, Segment Forecast, 2022 - 2030" report has been added to ResearchAndMarkets.com's offering.
The global Bitumen market size is expected to reach USD 73.64 billion by 2030, according to a new study. The report gives a detailed insight into current market dynamics and provides analysis on future market growth.
Companies Mentioned
The rapidly rising demand from the construction sector is driving industry growth globally. It is a petroleum-based product that is made by distilling crude oils and is also known as asphalt. The lighter components of crude oil are removed during the distillation process, leaving the heavier ones, like asphalt, at the bottom.
Additionally, it naturally occurs in tar pits, which are essentially pools of asphalt. Complex hydrocarbons and inorganic substances like iron, sulfur, calcium, and others make up asphalt. It is used in paving and building roads, waterproofing, adhesives, and other purposes.
Furthermore, it is anticipated that the rising nations' growing urbanization will increase investment in crucial infrastructure sectors, including power, building, and transportation. According to the World Bank, 46% of Indians and 60% of the world's population will live in urban areas by 2025.
Further, a non-petroleum-based binder known as "bio-asphalt" is made from biomass, which includes molasses, starch, trees, lignin, and natural latex. The industry demand for bio-asphalt is being driven by its similar behavior and improved features. However, Various petroleum solvents are employed in the production of goods like asphalt emulsions.
Some of these solvents, like kerosene, are poisonous to humans and dangerous. Additionally, the possibility of receiving severe and acute burns when working with hot asphalt makes it risky. The market's expansion is predicted to be constrained by these dangerous factors.
Bitumen Market Report Highlights
The publisher has segmented the bitumen market report based on product type, application, and region:
Bitumen, Product Type Outlook (Revenue - USD Billion, 2018 - 2030)
Bitumen, Application Outlook (Revenue - USD Billion, 2018 - 2030)
Bitumen, Regional Outlook (Revenue - USD Billion, 2018 - 2030)
For more information about this report visit https://www.researchandmarkets.com/r/920282
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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HOUSTON--(BUSINESS WIRE)--Magnolia Oil & Gas Corporation (NYSE: MGY) will host a conference call and webcast to discuss operational and financial results for the third quarter 2022 on Wednesday, November 2 at 10:00 a.m. Central Time (11:00 a.m. Eastern Time).
Join the webcast by visiting Magnolia’s website at www.magnoliaoilgas.com/investors/events-and-presentations and clicking on the webcast link or by dialing 1-844-701-1059. Materials related to Magnolia’s third quarter 2022 financial results to be discussed during the webcast will be made available in the Investors section of the website prior to the call. The company will post a replay of the webcast on its website following the call.
About Magnolia Oil & Gas
Magnolia is a publicly traded oil and gas exploration and production company with operations primarily in South Texas in the core of the Eagle Ford Shale and Austin Chalk formations. Magnolia focuses on generating value for shareholders through steady production growth, strong pre-tax margins, and free cash flow. For more information, visit www.magnoliaoilgas.com.
Brian Corales
713-842-9036
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COLUMBUS, Ind.--(BUSINESS WIRE)--#cummins--With a mission to power a more prosperous world, Cummins Inc. (NYSE: CMI) continues to make significant investments in solar energy with the installation of Cummins’ second largest solar array at Rocky Mount Engine Plant in North Carolina (U.S.). The RMEP solar installation will directly support the company’s environmental sustainability strategy, PLANET 2050, by using low-carbon renewable power to reduce greenhouse gases.
As part of the 2030 goals included in PLANET 2050, the strategy calls for reducing absolute greenhouse gas emissions from facilities and operations by 50%. The RMEP solar array and increasing the use of renewable power will significantly help move closer to that target, producing zero emissions throughout the process.
The mid-range diesel and natural gas engine plant produces engines for more than 500 customers and is a major employer in Nash County with over 1,800 people employed at the location. The 3.62 MW solar farm, which sits on 14 acres, produces power directly sent to the plant, reducing its commercial energy needs.
The solar installation will produce around 5.6 million kWh of power annually and more than 136 million kWh over 25 years. Annually, the solar installation will sequester the carbon equivalent of 4,862 acres of forest, roughly the space occupied by the Raleigh-Durham International Airport.
“We have ambitious sustainability goals in PLANET 2050 - aligned with the Paris climate accords and a target to be carbon-neutral by 2050 - and are fully committed to achieving them,” said Jennifer Rumsey, President and CEO, Cummins. “To get there, our efforts must touch our products, customers, facilities, employees and supply chain. This project is a reflection of that, and our goal of reducing absolute greenhouse gas emissions from facilities and operations by half by 2030. I was delighted to participate in the ribbon cutting of the solar farm this spring, and proud to see it now in operation and making an impact.”
Uniqiue to RMEP, the project uses solar tracking panels. This system has a single-axis tracker allowing the panels to arc and track the sun as it rises and sets. This increases system efficiency without having to install more panels. The tracking panels were installed with a ground mount, due to the project having the available space and in turn being able to maximize the system size for optimal exposure.
The solar array was installed by the RMEP Engineering and Corporate Environmental teams to reduce purchased electrical consumption.
The largest solar array within the company is on top of the Beijing Foton Cummins Engine Company (BFCEC) in Beijing, China, one of the company’s busiest plants, while, RMEP remains Cummins’ largest solar array in the United States and the largest Cummins owned solar installation globally.
Cummins has completed 51 solar arrays installations at locations all around the world from Australia to North America. 35 of these projects have completed since 2019, with 21 installations in India, where Cummins to date has their largest renewable footprint. Work is taking place on planning for an additional 44 new solar installations at Cummins sites, including 15 additional projects in the US and 9 locations in China. Additional arrays are planned at other Cummins facilities, including sites in Mexico, UK and Australia.
About Cummins Inc.
Cummins Inc., a global power 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 diesel, natural gas, electric and hybrid powertrains and powertrain-related components including filtration, aftertreatment, turbochargers, fuel systems, controls systems, air handling systems, automated transmissions, electric power generation systems, batteries, electrified power systems, hydrogen generation 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 $24.0 billion in 2021. See how Cummins is powering a world that’s always on by accessing news releases and more information at https://www.cummins.com/always-on.
Lauren Daniel
Manager, External Communications
317-995-3972
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Customer Prioritized Reliability and Low Emissions in Choosing Capstone Technology
LOS ANGELES--(BUSINESS WIRE)--$CGRN #Biogas--Capstone Green Energy Corporation (NASDAQ: CGRN), a global leader in carbon reduction and on-site resilient green energy solutions, announced that Cal Microturbine, Capstone's exclusive distributor in California, Hawaii, Nevada, Oregon, and Washington has secured an order for a 1.6 MW microturbine solution for an oil production site in Southern California. The microturbines are expected to be commissioned in the second quarter of 2023.
"Every industry has its own specialized power requirements. For energy producers, much of the available oil and gas extraction means working in remote locations in complex environments, where grid power is either unreliable or nonexistent," said Darren Jamison, Chief Executive Officer of Capstone Green Energy. "Our microturbine-based energy systems meet the needs of energy companies on every level with high power reliability, power density, low environmental impact, low noise, and minimal maintenance. It is the ideal choice for energy companies and customers across other energy-intense industries."
The new installation will feature two natural gas-fueled Capstone C800 Signature Series microturbine energy systems. It will also include a Capstone Logic Controller (CLC), which provides a single control interface and dispatch options to maximize control and efficient site operation. With their fuel flexibility, the microturbines will be configured to use the gas byproduct of the oil production as a fuel, thus reducing the need for gas flaring.
While power reliability was a critical factor in the microturbine selection, the customer was primarily interested in reducing site emissions. Not only is the microturbine technology extremely efficient, but repurposing the waste gas keeps it from entering the atmosphere, thereby reducing the emissions contributing to climate change.
"Cal Microturbine values the trust our oil and gas customers place in us to help them achieve their environmental goals while ensuring their power security needs are met," said Ryan Brown, Chief Executive Officer of Cal Microturbine.
About Cal Microturbine
Cal Microturbine is a Capstone Green Energy Authorized Distributor headquartered in Los Angeles, CA. We specialize in providing equipment, parts, and service for Capstone systems throughout the state of California. Our mission is to help clients lower their energy costs and reduce their dependence on centralized power plants by producing clean, efficient energy on-site using Capstone's cutting-edge technology.
About Capstone Green Energy
Capstone Green Energy (NASDAQ: CGRN) is a leading provider of customized microgrid solutions and on-site energy technology systems focused on helping customers around the globe meet their environmental, energy savings, and resiliency goals. Capstone Green Energy focuses on four key business lines. Through its Energy as a Service (EaaS) business, it offers rental solutions utilizing its microturbine energy systems and battery storage systems, comprehensive Factory Protection Plan (FPP) service contracts that guarantee life-cycle costs, as well as aftermarket parts. Energy Generation Technologies (EGT) are driven by the Company's industry-leading, highly efficient, low-emission, resilient microturbine energy systems offering scalable solutions in addition to a broad range of customer-tailored solutions, including hybrid energy systems and larger frame industrial turbines. The Energy Storage Solutions (ESS) business line designs and installs microgrid storage systems creating customized solutions using a combination of battery technologies and monitoring software. Through Hydrogen & Sustainable Products (H2S), Capstone Green Energy offers customers a variety of hydrogen products, including the Company's microturbine energy systems.
To date, Capstone has shipped over 10,000 units to 83 countries and estimates that in FY22, it saved customers over $213 million in annual energy costs and approximately 388,000 tons of carbon. Total savings over the last four years are estimated to be approximately $911 million in energy savings and approximately 1,503,100 tons of carbon savings.
For customers with limited capital or short-term needs, Capstone offers rental systems; for more information, contact: This email address is being protected from spambots. You need JavaScript enabled to view it..
For more information about the Company, please visit www.CapstoneGreenEnergy.com. Follow Capstone Green Energy on Twitter, LinkedIn, Instagram, Facebook, and YouTube.
Cautionary Note Regarding Forward-Looking Statements
This release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995, including statements regarding the Company's target for growth of its rental fleet and other statements regarding the Company's expectations, beliefs, plans, intentions, and strategies. The Company has tried to identify these forward-looking statements by using words such as "expect," "anticipate," "believe," "could," "should," "estimate," "intend," "may," "will," "plan," "goal" and similar terms and phrases, but such words, terms and phrases are not the exclusive means of identifying such statements. Actual results, performance and achievements could differ materially from those expressed in, or implied by, these forward-looking statements due to a variety of risks, uncertainties and other factors, including, but not limited to, the following: the sufficiency of the Company's working capital to meet its rental fleet growth target; the ongoing effects of the COVID-19 pandemic; the availability of credit and compliance with the agreements governing the Company's indebtedness; the Company's ability to develop new products and enhance existing products; product quality issues, including the adequacy of reserves therefor and warranty cost exposure; intense competition; financial performance of the oil and natural gas industry and other general business, industry and economic conditions; the Company's ability to adequately protect its intellectual property rights; and departures and other changes in management and other key employees. For a detailed discussion of factors that could affect the Company's future operating results, please see the Company's filings with the Securities and Exchange Commission, including the disclosures under "Risk Factors" in those filings. Except as expressly required by the federal securities laws, the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, changed circumstances or future events, or for any other reason.
Capstone Green Energy
Investor and investment media inquiries:
818-407-3628
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ORANGE, Conn.--(BUSINESS WIRE)--AVANGRID, Inc. (NYSE:AGR) will be releasing its third quarter 2022 financial results on Tuesday, October 25, 2022, after the market closes in a news release to be posted to the Investors’ section of the company’s website at www.avangrid.com/wps/portal/avangrid/Investors. The company will issue an advisory news release over Business Wire the evening of October 25th, which will include a link to the financial results news release on the company’s website.
In conjunction with the earnings release, AVANGRID will conduct a webcast conference call with financial analysts on Wednesday, October 26, 2022, beginning at 10:00 A.M. ET. AVANGRID’s Executive team will present an overview of the financial results followed by a question and answer session.
Interested parties, including analysts, investors and the media, may listen to a live audio-only webcast by accessing a link located in the Investors’ section of AVANGRID’s website at www.avangrid.com/wps/portal/avangrid/Investors.
About AVANGRID: AVANGRID, Inc. (NYSE: AGR) aspires to be the leading sustainable energy company in the United States. Headquartered in Orange, CT with approximately $40 billion in assets and operations in 24 U.S. states, AVANGRID has two primary lines of business: Avangrid Networks and Avangrid Renewables. Avangrid Networks owns and operates eight electric and natural gas utilities, serving more than 3.3 million customers in New York and New England. Avangrid Renewables owns and operates a portfolio of renewable energy generation facilities across the United States. AVANGRID employs more than 7,000 people and has been recognized by JUST Capital in 2021 and 2022 as one of the JUST 100 companies – a ranking of America’s best corporate citizens. In 2022, AVANGRID ranked second within the utility sector for its commitment to the environment and the communities it serves. The company supports the U.N.’s Sustainable Development Goals and was named among the World’s Most Ethical Companies in 2022 for the fourth consecutive year by the Ethisphere Institute. For more information, visit www.avangrid.com.
Analysts: Alvaro Ortega 207-629-7412
Severn Trent Water to Deploy 157,000 Itron Smart Water Meters to Improve Leak Detection as Part of the Green Recovery Program
LIBERTY LAKE, Wash.--(BUSINESS WIRE)--#AMI--Itron, Inc. (NASDAQ: ITRI), which is innovating the way utilities and cities manage energy and water, is joining forces with Severn Trent Water to digitally transform Warwickshire, England into a smart water region.
The collaboration is part of Severn Trent Water's Green Recovery Program and includes the deployment of Itron’s advanced metering infrastructure (AMI) solution, including 157,000 Itron smart water meters equipped with Cyble multi-connectivity communication modules connected through Itron’s partner, Connexin, who are providing the LoRaWAN network. Deployment of the solution is currently underway and will allow Severn Trent Water to gain a better understanding of water consumption on its network.
Itron's smart water meters offer the utility highly accurate, efficient, and comprehensive water volume measurements that can be monitored regularly/routinely to better detect leaks. The water meters can monitor a variety of flow rates, maintain a high level of accuracy, and effectively measure water volume. With Itron's Cyble 5 communication modules, Severn Trent Water will transform its smart meters into a connected data source, enabling the utility to easily and efficiently capture and manage meter readings through an AMI database. This provides the utility with a better understanding of water usage across its service territory. Severn Trent Water is also taking advantage of Itron’s Temetra, the next-generation mobile meter data collection and management solution, as a single meter data management platform to collect and manage meter data, whether via mobile meter reading or communication network.
Itron’s smart water meters are not only included in the Green Recovery Program, but also included in the lead replacement scheme as the water meters are installed on new supply pipes. Itron’s water meters help the utility to save water and identify leaks quicker, ultimately contributing to creating an intelligent infrastructure for the future of Warwickshire.
“Severn Trent Water’s Green Recovery Program delivers benefits and improvements to Warwickshire's environment and its communities. Taking advantage of Itron’s solution as part of this project allows us to track water flow in the area, identify any loss of water across the network, as well as see exactly how much water is used, giving our customers improved control over their water usage while gaining a better understanding of the network,” said Rachael Kelleher, Green Recovery Contract Specialist at Severn Trent Water.
“Deploying Itron water meters equipped with Cyble 5 multi-connection AMI communication modules, creates an intelligent infrastructure for Severn Trent Water and delivers water saving benefits as part of the utility’s Green Recovery Program,” said Justin Patrick, senior vice president of Device Solutions at Itron. “Itron’s smart water solutions, such as the solution being deployed by Severn Trent Water, can help Itron customers digitalize and optimize their operations for managing resources more efficiently. We look forward to collaborating with Severn Trent Water and helping them better monitor and understand their water usage.”
“IoT and smart technologies play a vital role in helping to create more efficient water networks for service providers, customers and the environment,” said Ralph Varcoe, Chief Growth Officer at Connexin. “We are thrilled to be collaborating with Severn Trent Water to help build a smarter and greener water network for the residents of Coventry and Warwickshire. With Connexin’s and Itron’s expertise in water management, we can create a modern network with improved operational efficiencies.
About Itron
Itron enables utilities and cities to deliver critical infrastructure solutions safely, securely, and reliably to communities in more than 100 countries. Our portfolio of smart networks, software, services, meters, and sensors helps our customers better manage electricity, gas, and water resources for the people they serve. By collaborating with our customers to ensure their success, we help improve the quality of life, ensure the safety, and promote the well-being of millions of people around the globe. Itron is dedicated to creating a more resourceful world. Join is: www.itron.com
Itron® is a registered trademark of Itron, Inc. All third-party trademarks are property of their respective owners, and any usage herein does not suggest or imply any relationship between Itron and the third party unless expressly stated.
Itron, Inc.
Alison Mallahan
Senior Manager, Corporate Communications
509-891-3802
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Electric Residential and Eligible Business Customers Will Receive $39.30 Bill Credit
OAKLAND, Calif.--(BUSINESS WIRE)--More than 5 million Pacific Gas and Electric Company (PG&E) electric customers will automatically receive the California Climate Credit on their energy bill this month. The credit was created by the California Public Utilities Commission (CPUC) as part of the state’s efforts to fight climate change. PG&E is pleased to administer the credit in a timely manner to help reduce customer energy bills this month.
In addition to residential customers, eligible business customers will be receiving the California Climate Credit for the first time.
Residential electric customers will receive a credit of $39.30 on their October bills, compared to last fall’s credit of $17. This is the second credit of the year for residential households. In April, natural gas residential customers received a credit of $47.83 and electric residential customers received a credit of $39.30.
Customers with both services saw a total credit of $87.13 in April so including the October credit of $39.30, the total credit for this year will be more than $126.
For the first time, small business electric customers also will receive a credit of $39.30. Eligible small business customers might receive double the credit amount if they qualify for both 2022 (April and October) credits. Starting in 2023, eligible business customers will receive the credit twice a year along with residential customers.
The California Climate Credit is one of many programs developed as part of the Global Warming Solutions Act of 2006. It requires power plants, natural gas providers, and other large industries that emit greenhouse gases to buy carbon pollution permits. This credit represents customers’ share of the payments from the state’s program.
Additional Ways to Reduce Energy Bills
PG&E offers various programs to help customers save money and energy.
Smart devices also can help customers manage energy use and costs. This year, new participants in PG&E’s SmartAC program receive $75 for existing thermostats or $120 off a purchase of a new thermostat. The voluntary program helps enhance grid reliability by encouraging participants to shift energy use out of the hours when it’s most in demand.
To learn more about the Climate Credit, visit the CPUC’s California Climate Credit page.
About PG&E
Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is a combined natural gas and electric utility serving more than 16 million people across 70,000 square miles in Northern and Central California. For more information, visit pge.com and pge.com/news.
MEDIA RELATIONS:
415-973-5930
ESG startup helps the energy industry reduce carbon emissions and comply with methane rules to avoid fees assessed by the Inflation Reduction Act
$5 million in seed funding coupled with strong customer momentum will fuel Iconic Air’s ability to hire top carbon and tech talent while aggressively scaling the product
MORGANTOWN, W.Va.--(BUSINESS WIRE)--#Carbonemissions--Iconic Air, a SaaS platform that helps energy-intensive industries automate, benchmark, and manage the cost of carbon and their carbon footprint, today announced the launch of its Emissions Intelligence™ platform. The platform offers a suite of tools for managing carbon, similar to financial performance, saving organizations significant time and money. The launch comes as Iconic Air secured $5 million in seed funding. The round was led by XYZ Venture Capital, with participation from Garuda Ventures, the GTM fund, and investors from Country Roads Angel Network. Funds will be used for hiring top software engineering and carbon talent as well as growing its sales team as Iconic Air continues building out platform capabilities.
The Iconic Air Emissions Intelligence platform is introduced as all industries undergo the energy transition, where carbon emissions are measured and tracked with the same importance as dollars and cents. The oil and gas industry in particular has felt the pressure from regulators and capital allocators to document efforts to decarbonize, and today they are working hard to implement transparent and standard reporting. In addition, operators looking to raise debt and/or equity capital at competitive rates are being asked to demonstrate a history of tracking ESG KPIs at an increasing granularity and frequency, as opposed to simply providing an annual report.
With the recent passage of the Inflation Reduction Act (IRA) an urgent need has sparked for even more organizations to track – and manage – their carbon emissions. There are numerous incentives and fees in the IRA aimed at reducing methane emissions, e.g., the EPA has $1.5 billion at its disposal to support emissions monitoring and methane reduction efforts through grants, rebates, contracts, loans, and other forms of financial support. On the flip side, facilities that emit more than 25,000 metric tons of CO2 annually will be fined for each ton of methane emitted above a specific annual amount, which can hit the bottom line of large energy focused companies hard. Organizations that integrate monitoring and reporting at the facility level into their workflows will save substantially by reporting deftly and accurately, and those that want to reduce their potential fee burdens will need granular insights to effectively target and reduce problem areas. This is precisely where Iconic Air comes into play.
“Manually tracking carbon emissions on a spreadsheet is no longer best practice, nor is it scalable, and outsourcing carbon reporting can become an increasingly costly expenditure,” said Kyle Gillis, Co-founder and CEO of Iconic Air. “We are giving energy-intensive industries access to modern, intelligent tools that not only help them comply with new regulations and gain better access to funding, but also provide the types of insights that allow companies to plan for the future and successfully lower their carbon footprint – all while making the tracking process infinitely more efficient.”
The Iconic Air Emissions Intelligence Platform
After completing a very successful beta with several large, publicly traded customers, the Emissions Intelligence product launches with core functionality that helps companies:
Using its ability to integrate with a federated structure of commercially-available applications and proprietary data sources, Emissions Intelligence is Iconic Air’s customers’ System of Intelligence for ESG, providing energy-intensive companies with a platform that can engage within financial, HR, and operational data ecosystems. The launch of Iconic Air’s Emissions Intelligence platform comes at a time when all companies, large and small, will have to evaluate how to reduce their carbon emissions and communicate a credible journey to Net Zero. The increasing regulatory, investor, and public pressures mean they must continue to innovate.
Uniting Vertical Knowledge With Best-in-Class Technology
Iconic Air has recently struck a partnership with Diversified Energy, an independent energy company engaged in the production, marketing and transportation of primarily natural gas related to its U.S. onshore upstream and midstream assets.
“We have found a trusted partner that shares the view that our Smarter Asset Management program is the future of carbon in the oil & gas industry,” said Paul Espenan, Senior Vice President-EHS at Diversified Energy. “Iconic Air's SaaS platform simplifies and automates carbon disclosure processes, giving our practitioners the ability to make cost-efficient improvements to Diversified's operations and emissions profile.”
Based in Morgantown, West Virginia – in the heart of the Marcellus Shale Basin – West Virginia University classmates Kyle Gillis and James Carnes founded Iconic Air in 2020 to help the oil and gas industry decarbonize faster and smarter, working in partnership to revolutionize an industry critical to the world’s energy transition. Hailing from a place where energy is critical to the economy, they understand the trilemma of providing sustainable, affordable, and reliable energy to society. Iconic Air brings decades of operational and carbon experience to assist their customers on their journey to net-zero and delivering the cleanest molecule in the world.
"The new financial metric for energy-intensive industries is carbon -- Kyle and James saw this opportunity clearly,” said Chauncey Hamilton, Partner at XYZ. “They understand these complex issues firsthand, and they've assembled the right team to go after this massive opportunity. The customer pull has already been immense. Iconic Air will move all energy-intensive industries into the future with elegant software that's easy to use and profoundly impactful."
To learn more about Iconic Air, please visit www.iconicair.io or follow us on our blog, www.iconicair.io/blog
About Iconic Air
Iconic Air is helping energy-intensive industries decarbonize faster with industry-leading sustainability tools. Emissions Intelligence™ enables operators to calculate, visualize, and report emissions data more frequently. Its software brings data to life to assist with auditing, forecasting, and scenario planning. Learn more at www.iconicair.io.
Carmen Mantalas
GMK Communications for Iconic Air
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Krach and Turkel Cite Urgency to Confront CCP’s Use of Technology to Enable Human Rights Abuses
WASHINGTON--(BUSINESS WIRE)--On October 4, 2022, Hudson Institute Senior Fellow Nury Turkel joined former Under Secretary of State Keith Krach, chairman of the Krach Institute for Tech Diplomacy at Purdue, to discuss divestment from Chinese companies complicit in human rights abuses and the need to strengthen defenses against the Chinese high-tech companies that empower the Chinese Communist Party’s authoritarianism, which threatens freedom. The conversation was hosted by the Hudson Institute in partnership with the Krach Institute for Tech Diplomacy at Purdue.
“Keith is a prominent voice for those who have been subject to human rights abuses, and his calls to action have been described as groundbreaking by the Uyghur community. On the 4th of July 2020, on a national television broadcast, Keith was the first government official to openly label the CCP’s atrocities against the Uyghurs as 'genocide,'” said Nury Turkel, author of No Escape, a powerful memoir that lays bare the Chinese government’s repression of the Uyghur people. “But Keith did not stop there. In addition to issuing the first business advisory, he compared the genocide in Xinjiang to the Holocaust, and called for divestment from Chinese companies complicit in human rights abuses. His letters to American CEOs, civil society leaders and university governing boards has spawned a divestment movement on college campuses.”
Turkel asked Krach about his latest Open Letter to the university governing boards in Inside Higher Ed. “The letter was to alert university boards that chances are that their endowment funds are invested in Chinese companies perpetuating the surveillance state which enable genocide and also reminding them that they have a moral obligation and fiduciary duty to divest from these stocks buried inside index funds,” answered Krach, Chairman Emeritus of Purdue’s Board of Trustees. “The Athenai Institute, a student-founded nonprofit comprised of College Republicans and Democrats, has responded to this call for divestment from malign Chinese companies by organizing a grassroots movement that is rapidly spreading across college campuses nationwide. They now have succeeded in creating a student movement on thirty college campuses that are pressing universities to step up and vote with their wallets.”
In an article supporting Krach’s 2022 Nobel Peace Prize nomination, young Athenai leaders stated: “He shed light on the continued exploitation of academic institutions by the Chinese Communist Party and its proxies and was the first public official to call upon the boards of private and public institutions to divest from companies complicit in the genocide of Uyghurs and other human rights atrocities committed by the CCP. In doing so, he helped lay the groundwork for the Uyghur genocide university divestment movement, a movement directly inspired by the successful student movement for divestment from Apartheid-era South Africa in the 1970s and 1980s.”
During the briefing, Turkel went on to tell Krach: “The tech companies you founded and led made life better for people, but as you know, dictators use technology to oppress people. Chinese companies like Huawei, Alibaba, Baidu, and Tencent are tools of the Chinese government’s surveillance state. One of your biggest achievements running U.S. economic diplomacy was creating the ‘Trust Doctrine' and deploying it to build the Clean Network Alliance of Democracies, which defeated the CCP’s plan to export its surveillance operation beyond Xinjiang to the rest of the world.”
Krach noted that technology can be used for good or evil and the Institute for Tech Diplomacy at Purdue was founded on the belief that technology must advance freedom. He said that through its surveillance tools the CCP is “exporting a dictator out of a box” and American investors are unknowingly financing them through their pension funds. “These companies should be included in our capital market sanctions.” Turkel emphasized: “Not only is it unethical to invest in Chinese technology that poses national security threats. It’s unconscionable.” Krach replied, “I get asked by my fellow Silicon Valley CEOs when are Chinese companies on the Commerce Departments export controls list going on the Treasury Department’s capital markets sanctions OFAC list,” said Krach. “They should be. Consistency of policy is crucial.”
During the discussion, Turkel recalled that Taiwan's de facto ambassador to Washington Bi-khim Hsiao dubbed Krach “Taiwan's number one friend.” After his recent visit to Taiwan, Turkel said that “the concern about China’s military threats is palpable” and asked Krach about the possibility of an imminent Chinese invasion of Taiwan. Krach praised Turkel’s message that if China takes over Taiwan, the fate of the Taiwanese will echo that of the Uyghurs in Xinjiang. “Coming from you in particular, who grew up in a reeducation camp, I think that hit home,” said Krach. In assessing the gravity of the threat, Krach said, "The free world must stand with Taiwan—a linchpin of democracy and a role model of freedom.”
On the conflicting role of ESG (Environment, Social, Governance) investing in Chinese entities, Turkel pointed to a new Wharton Business School case study based on Krach’s “Clean Capital Markets Campaign” uses the solar industry which is deeply entangled in the Uyghur genocide, as a vivid example of how ESG investing in Chinese entities is inherently conflicted. Turkel said: “Investors, consumers, and voters want a ‘clean’ supply chain for clean energy, but the ESG investment industry has failed to deliver.” He then asked Krach if any Chinese solar companies that profit from slave labor should be included in ESG investments. “If you think about applying the standard with integrity, they all should be excluded for three reasons—E, S and G,” answered Krach. He explained: “E stands for environmental standards and they all use dirty unregulated coal in their energy intensive manufacturing process. S stands for ‘social responsibility’ and they all use Uyghur slave labor. G stands for good governance and there is no financial transparency, and it is impossible to audit their books.”
Turkel observed that Krach had been sought out by both sides of the aisle, which defies conventional wisdom in Washington, by highlighting Krach’s architecting of the CHIPS and Science Act, strengthening ties with Taiwan, securing the semiconductor supply chain, training diplomats on tech statecraft, and crafting strategies for China’s human rights abuses. “The Biden administration's top Indo-Pacific affairs chief, Kurt Campbell, commented that almost all the work that Keith did at the State Department, including trusted networks, the Blue Dot initiative, etc., have been followed on in the current administration. It’s in many respects the highest tribute to your exemplary work.”
“As the great late Senator Vandenberg said, politics stops at the water's edge and it certainly does in the Taiwan Strait,” said Krach. “When it comes to issues like combating China's four-dimensional aggression, it’s absolutely critical. There is nothing that terrifies General Secretary Xi more than a united United States. And to our allies, continuity of policy is everything.”
Finally, Krach and Turkel discussed the Krach Institute for Tech Diplomacy at Purdue, where Turkel serves as a senior advisor, and the Global Tech Security Commission, established by the Krach Institute and the Atlantic Council to develop a Global Tech Security Strategy. Krach pointed to the institute’s mission of advancing freedom through trusted technology as an integral part of Purdue University’s focus on national security and foreshadowed the Global Tech Security Commission’s objective to deliver offensive and defensive strategies for combating techno-authoritarianism, as well as a plan to build a Global Tech Trust Network for adopting Tech Trust Standards to accelerate the use of trusted technology.
The full video of the Krach-Turkel briefing can be found here.
ABOUT THE KRACH INSTITUTE FOR TECH DIPLOMACY AT PURDUE:
The nonpartisan Krach Institute for Tech Diplomacy at Purdue is committed to the mission of advancing freedom through trusted technologies and democratic principles. The Krach Institute leverages Purdue’s leadership in innovative research, commercialization, STEM education, corporate partnerships, and national security to advance the field of tech diplomacy and tech statecraft. It is the world’s preeminent institution focused on tech statecraft, a new model of diplomacy that integrates high-tech strategies and foreign policy tools with the aim of rallying allies, leveraging private sector, and amplifying democratic values based on trust.
For more information, visit www.techdiplomacy.org and follow the Krach Institute for Tech Diplomacy at Purdue on Twitter, LinkedIn, and YouTube.
Sofia Casamassa
Phone: (732) 841-7456
HOUSTON--(BUSINESS WIRE)--The Board of Directors of Murphy Oil Corporation (NYSE: MUR) today declared a quarterly cash dividend on the Common Stock of Murphy Oil Corporation of $0.25 per share, or $1.00 per share on an annualized basis. The dividend is payable on December 1, 2022, to stockholders of record as of November 14, 2022.
ABOUT MURPHY OIL CORPORATION
As an independent oil and natural gas exploration and production company, Murphy Oil Corporation believes in providing energy that empowers people by doing right always, staying with it and thinking beyond possible. Murphy challenges the norm, taps into its strong legacy and uses its foresight and financial discipline to deliver inspired energy solutions. Murphy sees a future where it is an industry leader who is positively impacting lives for the next 100 years and beyond. Additional information can be found on the company’s website at www.murphyoilcorp.com.
FORWARD-LOOKING STATEMENTS
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are generally identified through the inclusion of words such as “aim,” “anticipate,” “believe,” “drive,” “estimate,” “expect,” “expressed confidence,” “forecast,” “future,” “goal,” “guidance,” “intend,” “may,” “objective,” “outlook,” “plan,” “position,” “potential,” “project,” “seek,” “should,” “strategy,” “target,” “will” or variations of such words and other similar expressions. These statements, which express management’s current views concerning future events, results and plans, are subject to inherent risks, uncertainties and assumptions (many of which are beyond our control) and are not guarantees of performance. In particular, statements, express or implied, concerning the company’s future operating results or activities and returns or the company's ability and decisions to replace or increase reserves, increase production, generate returns and rates of return, replace or increase drilling locations, reduce or otherwise control operating costs and expenditures, generate cash flows, pay down or refinance indebtedness, achieve, reach or otherwise meet initiatives, plans, goals, ambitions or targets with respect to emissions, safety matters or other ESG (environmental/social/governance) matters, or pay and/or increase dividends or make share repurchases and other capital allocation decisions are forward-looking statements. Factors that could cause one or more of these future events, results or plans not to occur as implied by any forward-looking statement, which consequently could cause actual results or activities to differ materially from the expectations expressed or implied by such forward-looking statements, include, but are not limited to: macro conditions in the oil and gas industry, including supply/demand levels, actions taken by major oil exporters and the resulting impacts on commodity prices; increased volatility or deterioration in the success rate of our exploration programs or in our ability to maintain production rates and replace reserves; reduced customer demand for our products due to environmental, regulatory, technological or other reasons; adverse foreign exchange movements; political and regulatory instability in the markets where we do business; the impact on our operations or market of health pandemics such as COVID-19 and related government responses; other natural hazards impacting our operations or markets; any other deterioration in our business, markets or prospects; any failure to obtain necessary regulatory approvals; any inability to service or refinance our outstanding debt or to access debt markets at acceptable prices; or adverse developments in the U.S. or global capital markets, credit markets or economies in general. For further discussion of factors that could cause one or more of these future events or results not to occur as implied by any forward-looking statement, see “Risk Factors” in our most recent Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission (“SEC”) and any subsequent Quarterly Report on Form 10-Q or Current Report on Form 8-K that we file, available from the SEC’s website and from Murphy Oil Corporation’s website at http://ir.murphyoilcorp.com. Murphy Oil Corporation undertakes no duty to publicly update or revise any forward-looking statements.
Investor Contacts:
Kelly Whitley, This email address is being protected from spambots. You need JavaScript enabled to view it., 281-675-9107
Megan Larson, This email address is being protected from spambots. You need JavaScript enabled to view it., 281-675-9470
SOLON, Ohio--(BUSINESS WIRE)--Leaders and associates involved in Swagelok Company’s efforts to recruit and hire U.S. armed services veterans welcomed representatives of the Ohio Department of Veteran Services (ODVS) and the office of Ohio Governor Mike DeWine to the company’s global headquarters and innovation center on Tuesday, September 27.
The visit included a tour of the company’s shop floor and a presentation on how Swagelok has tapped into the unique skills of veteran associates and new hires—both historically since the company’s founding 75 years ago and through an associate resource group dedicated to veterans that was established by a team of associates in 2017.
Swagelok’s Veteran and Military Resource Group supports outreach to hundreds of veterans in and around the Greater Cleveland community. Its members from across the Swagelok organization support veteran programs and organizations through volunteer hours, donations, fundraising, and mentoring.
Major General (U.S. Army, retired) Deborah Ashenhurst, director of the ODVS, commented, “We had a terrific visit at Swagelok today. I can’t imagine a better way to spend my time. Swagelok sets the standard on how to right-hire and retain veterans in Ohio.”
Veteran Outreach and Support Efforts
Swagelok has been an approved U.S. Department of Defense SkillBridge partner since 2021. The program provides fellowship opportunities for all ranks and branches of the active-duty military during the last few months of their commitments, prior to separation.
“The majority of our program participants have taken on full-time permanent roles with Swagelok,” noted Hannah Delis, chief human resources officer, Swagelok Company. “Since we launched the program last year, 10 fellows have participated and at least five more will start their fellowships this fall.”
Swagelok employs more than a dozen actively serving Guard members and Reservists. Associates from Swagelok—many of them veterans—are also serving or leading efforts for other veteran-focused organizations, including the United Service Organizations (USO) and Volunteers of America Ohio & Indiana.
Explore Careers at Swagelok
Interested active military members who are transitioning to the civilian workforce are invited to find more information at the Swagelok SkillBridge website or email This email address is being protected from spambots. You need JavaScript enabled to view it. with specific questions. Veterans interested in networking and general career opportunities may inquire at This email address is being protected from spambots. You need JavaScript enabled to view it. or visit jobs.swagelok.com.
About Swagelok
Swagelok Company is a $2 billion privately held developer of fluid system products, assemblies, and services for the oil and gas, chemical and petrochemical, semiconductor, and transportation industries. Headquartered in Solon, Ohio, U.S.A., Swagelok serves customers through approximately 200 sales and service centers in 70 countries, supported by the expertise of more than 5,700 associates at 20 manufacturing facilities and five global technology centers. To learn more, please visit www.swagelok.com.
Lindsay Domingo
Vice President, Talent and Communications
440-649-3908
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STAMFORD, Conn.--(BUSINESS WIRE)--Crane Holdings, Co. (NYSE: CR) announces the following schedule and teleconference information for its third quarter 2022 earnings release:
About Crane Holdings, Co.
Crane Holdings, Co. is a diversified manufacturer of highly engineered industrial products. Founded in 1855, Crane provides products and solutions to customers across end markets including aerospace, defense, chemical and petrochemical, water and wastewater, payment automation, and banknote security and production, as well as for a wide range of general industrial and consumer applications. The Company has four business segments: Aerospace & Electronics, Process Flow Technologies, Payment & Merchandising Technologies, and Engineered Materials. Crane has approximately 11,000 employees in the Americas, Europe, the Middle East, Asia and Australia. Crane is traded on the New York Stock Exchange (NYSE:CR). For more information, visit www.craneco.com.
Jason D. Feldman
Vice President, Investor Relations
203-363-7329
www.craneco.com
SAN RAMON, Calif.--(BUSINESS WIRE)--Chevron Corporation (NYSE: CVX) announced today a commitment of $500,000 to support relief efforts in Florida after Hurricane Ian left devastation across the state, causing catastrophic flooding and damage.
"Our thoughts are with all the people whose lives have been impacted by Hurricane Ian," said Andy Walz, president of Chevron Americas Fuels & Lubricants. "With deep ties in Florida, we are hopeful this donation will help communities get back on their feet."
First Lady DeSantis’ Volunteer Florida Foundation will receive $200,000 to aid efforts in response to the storm. Team Rubicon will receive $150,000, while the American Red Cross and the Fuel Relief Fund will each receive a $75,000 donation to support immediate relief efforts throughout the impacted region.
In addition, the company will match qualifying donations to hurricane relief efforts made by employees and retirees, as well as provide financial contributions to organizations where employees volunteer. Together, this financial assistance aims to help communities during times of need.
Chevron has a large retail presence in Florida, supplying more than 600 independently owned Chevron and Texaco stations and operating three fuel supply terminals.
About Chevron
Chevron is one of the world’s leading integrated energy companies. We believe affordable, reliable, and ever-cleaner energy is essential to achieving a more prosperous and sustainable world. Chevron produces crude oil and natural gas; manufactures transportation fuels, lubricants, petrochemicals and additives; and develops technologies that enhance our business and the industry. We are focused on lowering the carbon intensity in our operations and growing lower carbon businesses along with our traditional business lines. More information about Chevron is available at www.chevron.com.
Tyler Kruzich, +1.925.549.8686
The company continues to improve efficiencies and reduce environmental impacts through industry collaboration and an ambitious science-based decarbonization roadmap
ATLANTA--(BUSINESS WIRE)--Brambles, the global supply chain solutions company operating in approximately 60 countries through the CHEP brand, has released its annual Sustainability Review, which reports on its material Environmental, Social and Governance (ESG) issues and achievements for the financial year ending June 30, 2022.
Brambles’ 2025 Sustainability targets and ambition to ‘Pioneer Regenerative Supply Chains’ are based on a ‘Planet Positive, Business Positive and Communities Positive’ strategy. Two years into the program, Brambles’ Sustainability Review highlights tangible achievements1, which show great progress towards a regenerative future:
Brambles’ Chief Sustainability Officer, J.J. Freijo, said: “Two years ago, we started a new phase of our sustainability program, one based on an inspiring and challenging vision, to create a regenerative supply chain. Today, we can proudly announce that, step by step, this vision is becoming a reality. The regenerative ambition is now being adopted by a community of companies leading on sustainability, who recognize the need for a positive approach and believe that damage reduction is no longer enough.”
“In challenging times like these, the key to achieving a truly regenerative supply chain is integration. By working together with all the functions in our business, our suppliers and our customers, we have been able to remove barriers and improve agility, helping us to progress even further towards our 2025 targets. Therefore, it is essential that we keep putting sustainability on the agenda to create new value for our business and customers while protecting the planet.”
Brambles’ ‘share and reuse’ model already offers many environmental savings to customers' supply chains in comparison to single-use alternatives. In the last year, Brambles’ solutions have helped its customers achieve the following savings2:
Brambles is recognized as a global leader in sustainability
Brambles’ sustainability credentials and performance continue to be recognized as world leading. The Dow Jones Sustainability World Index ranked Brambles the second most sustainable company in its industry category, and Corporate Knights rated the company 10th in its Global 100 list of most sustainable corporations in the world. Moreover, MSCI awarded Brambles the maximum AAA rating in its ESG assessment and ranked the company in the top 8% of all companies assessed. Equally, the CDP gave the company a A- in its Forests submission.
The Group also achieved an overall A- rating in the Ellen MacArthur Foundation’s Circular Economy Assessment Tool, Circulytics, and was an inaugural recipient of the Terra Carta Seal, which recognizes global corporations that are demonstrating their commitment to the creation of genuinely sustainable markets.
Note to editors
Explore Brambles’ 2022 Sustainability Review on https://brambles.com/sustainability-review
Explore Brambles’ 2022 Annual Report
About Brambles Limited (ASX:BXB): Brambles helps move more goods to more people, in more places than any other organization on earth. Its pallets and containers form the invisible backbone of the global supply chain and the world’s biggest brands trust us to help them transport their goods more efficiently, sustainably and safely. As pioneers of the sharing economy, Brambles created one of the world's most sustainable logistics businesses through the share and reuse of its platforms under a model known as ‘pooling’. Brambles primarily serves the fast-moving consumer goods (e.g. dry food, grocery, and health and personal care), fresh produce, beverage, retail and general manufacturing industries. The Group employs approximately 12,000 people and owns approximately 360 million pallets and containers through a network of more than 750 service centers. Brambles operates in approximately 60 countries with its largest operations in North America and Western Europe. For further information, please visit www.brambles.com
1 Brambles uses the services of KPMG Limited to provide limited assurance on key elements of its Sustainability Review.
2 Equivalence provided by the United States Environmental Protection Agency.
Investors:
Suk Hee Lee
Director, Investor Relations
+61 433 343 888
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Media:
Sarah Pellegrini
Chief Communications Officer
+61 429 819 005
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MILWAUKEE, Wis.--(BUSINESS WIRE)--Luxfer Holdings PLC (NYSE: LXFR) (“Luxfer” or the “Company”), a global industrial company innovating niche applications in materials engineering, today announced that its Board of Directors has declared a quarterly dividend of 13 cents per ordinary share.
The dividend will be payable on November 2, 2022 to shareholders of record as of the close of business on October 14, 2022.
All holders of NYSE-listed ordinary shares will be paid in U.S. dollars through the Company’s dividend disbursing agent. For holders of ordinary shares not directly listed on the New York Stock Exchange, the dividend will be paid directly by the Company. Payment will be made in U.S. dollars, but holders of ordinary shares can elect to receive their dividend payment in respect of those ordinary shares in pounds sterling. If a holder of ordinary shares has previously requested and received a dividend in pounds sterling, the holder will receive the dividend payable on November 2, 2022 in pounds sterling, unless a written election to change the payment currency is received by the Company Secretary no later than October 13, 2022. Holders of ordinary shares electing to receive their dividend in pounds sterling will have the U.S. dollar amount converted to pounds sterling at the spot rate reported in the Financial Times for the record date.
The Company also announced that it will release financial results for the third quarter of 2022 after market close on Tuesday, October 25, 2022. A conference call is scheduled for Wednesday, October 26, 2022 at 8:30 a.m. U.S. Eastern Daylight Time, during which management will provide a review of the Company’s third quarter financial results.
Conference Call and Webcast Information
The conference call can be accessed by dialing (800) 245-3047 or (203) 518-9814 for participants outside the U.S., using the conference ID code LXFRQ322. Please dial in at least 15 minutes prior to the start of the call to register.
Please use the following link to access the webcast of the conference call: LXFR Q3 2022 Live Webcast.
A recording of the conference call will be available for replay two hours after the completion of the call and will remain accessible through November 9, 2022 at midnight EST. To access the recording, please dial (800) 934-4577 or (402) 220-1177 for participants outside the U.S.
Slides used in the presentation and a recording of the call will be available under the investor relations section of the Luxfer website at www.luxfer.com.
About Luxfer Holdings PLC
Luxfer is a global industrial company innovating niche applications in materials engineering. Using its broad array of proprietary technologies, Luxfer focuses on value creation, customer satisfaction, and demanding applications where technical know-how and manufacturing expertise combine to deliver a superior product. Luxfer’s high-performance materials, components, and high-pressure gas containment devices are used in defense and emergency response, clean energy, healthcare, transportation, and general industrial applications. For more information, please visit www.luxfer.com.
Luxfer is listed on the New York Stock Exchange and its ordinary shares trade under the symbol LXFR.
Michael Gaiden
Vice President of Investor Relations and Business Development
(414) 982-1663
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MISSISSAUGA, Ontario--(BUSINESS WIRE)--Schneider Electric, the global leader in the digital transformation of energy management and automation, has appointed Joshua Dickinson as the new Senior Vice President and Chief Financial Officer, North America.
In his role, Dickinson will be responsible for all financial operations of the ~8.2 billion euro (FY ’21) North America region, including driving profitable growth, navigating the current business landscape while protecting the P&L, and supporting global peers on multiple global initiatives. He will also lead the finance transformation of the region with responsibilities that include budgeting and forecasting, talent development, internal controls and operations management.
“Fulfilling this mission requires firm financial acumen and effective business leadership that Joshua brings to the role,” said Aamir Paul, President, Schneider Electric North America. “He is an experienced and thoughtful leader and is the ideal person to guide the business as we continue to grow and help our customers realize their sustainable futures.”
Dickinson remarked, “I’m beyond grateful for the opportunity to lead the Finance organization for the North American region. We have stellar talent across Canada, Mexico, and the U.S. who I know will work diligently to serve the needs of the business and deliver results for our customers, shareholders, and employees.”
Dallas-based Dickinson began his career at Schneider Electric in 2015 as the Division Controller and CFO for the company’s Industry U.S. division. Over the course of his tenure, he held positions that have prepared him for his new role, including as the CFO of ASCO. Most recently, he served in the capacity as the NAM Deputy CFO leading the North America FP&A team while also serving as the Finance Business Partner to the U.S. Country President. He also oversaw the design and execution of the North American Finance transformation as part of the company’s Global One Finance journey.
Dickinson’s work background prior to joining Schneider Electric spanned multiple industries and four Fortune 500’s as well as a private equity carve out of Caterpillar Logistics Services into the standalone Neovia Logistics Services.
Dickinson graduated from Taylor University and earned his MBA with an emphasis on Finance from the University of Texas at Arlington.
About Schneider Electric
Schneider’s purpose is to empower all to make the most of our energy and resources, bridging progress and sustainability for all. We call this Life Is On.
Our mission is to be your digital partner for Sustainability and Efficiency.
We drive digital transformation by integrating world-leading process and energy technologies, end-point to cloud connecting products, controls, software and services, across the entire lifecycle, enabling integrated company management, for homes, buildings, data centers, infrastructure and industries.
We are the most local of global companies. We are advocates of open standards and partnership ecosystems that are passionate about our shared Meaningful Purpose, Inclusive and Empowered values.
Follow us on: Twitter | Facebook | LinkedIn | YouTube | Instagram | Blog
Hashtags: #LifeIsOn #SchneiderElectric #SEGreatPeople
Media:
Media Relations - Edelman on behalf of Schneider Electric, Juan Pablo Guerrero
Phone: +1 416 875 7173, Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Estimated 12.1 MWs and $9.3m in project awards with new customer
WILLISTON, Vt.--(BUSINESS WIRE)--iSun, Inc. (NASDAQ: ISUN) (the "Company," or "iSun"), a leading solar energy and clean mobility infrastructure company with 50-years of experience accelerating the adoption of innovative electrical technologies, today announces execution of three contracts totaling $9.3 million and 12.1 MW in Maine establishing a relationship with a new customer.
HIGHLIGHTS:
“These awards are an important milestone for iSun, for several reasons,” said Jeffery Peck, Chairman and Chief Executive Officer of iSun. “For our customers, this growth reflects the progress we’ve been making to stabilize the labor market, continue our expert craftsmanship and deliver high quality solar assets. For our investors, we continue to expand our customer relationships to provide new revenue streams in execution of our goals. As we previously stated, the transition to clean energy is the most important initiative of our generation. We are proud to lead the transition in the accelerating Maine energy market.”
About iSun Inc.
Since 1972, iSun has accelerated the adoption of proven, life-improving innovations in electrification technology. iSun has been the trusted service provider to Fortune 500 companies for decades and has installed clean rooms, fiber optic cables, flight simulators, and over 600 megawatts of solar systems. The Company currently provides a comprehensive suite of solar services across residential, commercial, industrial & municipal, and utility scale projects and provides solar electric vehicle charging solutions for both grid-tied and battery backed solar EV charging systems. iSun believes that the transition to clean, renewable solar energy is the most important investment to make today and is focused on profitable growth opportunities. Please visit www.isunenergy.com for additional information.
Forward Looking Statements
This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. Words or phrases such as "may," "should," "expects," "could," "intends," "plans," "anticipates," "estimates," "believes," "forecasts," "predicts" or other similar expressions are intended to identify forward-looking statements, which include, without limitation, earnings forecasts, effective tax rate, statements relating to our business strategy and statements of expectations, beliefs, future plans and strategies and anticipated developments concerning our industry, business, operations and financial performance and condition.
The forward-looking statements included in this press release are based on our current expectations, projections, estimates and assumptions. These statements are only predictions, not guarantees. Such forward-looking statements are subject to numerous risks and uncertainties that are difficult to predict. These risks and uncertainties may cause actual results to differ materially from what is forecast in such forward-looking statements, and include, without limitation, the risk factors described from time to time in our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K.
All forward-looking statements included in this press release are based on information currently available to us, and we assume no obligation to update any forward-looking statement except as may be required by law.
IR:
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Here are Tips to Save Energy and Reduce Costs Today and Year-Round
OAKLAND, Calif.--(BUSINESS WIRE)--Though it’s emphasized today on National Energy Efficiency Day (EE Day), Pacific Gas and Electric Company’s (PG&E) commitment to helping customers reduce bills with energy efficiency is a year-round effort.
“Energy efficiency is a critical tool to help customers reduce their bills and grow local economies by creating sustainable employment. EE Day reminds us of the importance of being energy efficient every day,” said Aaron August, PG&E Vice President of Utility Partnerships and Innovation.
Beginning in 2016, National Energy Efficiency Day continues to urge customers to save energy, cut pollution, and create jobs. Energy efficiency transforms how we use energy, ultimately benefiting everyone. It is the most affordable and fastest way to meet energy needs, cut utility bills, and reduce pollution.
PG&E’s Home Energy Checkup, an online audit tool has helped more than 1.2 million residential customers since 2013 reduce usage and save. After the customer shares basic data about their home and energy use through the tool, PG&E provides customized energy savings recommendations tailored to the specific household. Customers who take the Home Energy Checkup are more likely to take the recommendations due to their personalized nature.
As National EE Day and National Customer Service Week (Oct. 5-9) are being celebrated, PG&E thanks customers and shares the following ways to make sustainable choices, lower energy use and bills this fall.
To find other energy-saving actions, visit www.pge.com or join the conversation on Twitter by using the hashtag #EEDay2022. Customers can also compare and shop energy-saving appliances and electronics by logging onto guide.pge.com
About PG&E
Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is a combined natural gas and electric utility serving more than 16 million people across 70,000 square miles in Northern and Central California. For more information, visit pge.com and pge.com/news.
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415-973-5930
PROVIDENCE, R.I.--(BUSINESS WIRE)--REGENT, the company leading the development and commercialization of the revolutionary all-electric seaglider, announced today that FRS, the worldwide ferry operator based in Germany, has entered into an agreement to add REGENT seagliders to its fleet.
Seagliders provide harbor-to-harbor, over-water transportation at a fraction of the cost, noise, and emissions of existing regional transportation modes such as aircraft and ferries. The German based FRS will focus the initial seaglider service in its domestic and international operations.
“We’re excited to be partnering with FRS to provide cost-effective, zero-emission passenger travel and cargo solutions,” said Billy Thalheimer, CEO of REGENT. “FRS has been a leader in maritime innovation for many years, pioneering a distributed operating model that is well suited for the global deployment of seagliders. From the United States, to Europe, to the Middle East, look for bright red FRS seagliders lowering the cost, time, and emissions of coastal travel soon.”
FRS is the latest addition to REGENT’s growing portfolio of international customers, which includes Ocean Flyer in New Zealand, Split Express in Croatia, and Brittany Ferries in the United Kingdom and France.
The partnership between REGENT and FRS is for building and operating of two seagliders types: the Viceroys, each holding up to 12 passengers or critical cargo up to 3,500 lbs in 746 cubic feet, and the Monarchs, which can hold up to 100 passengers. REGENT’s international and domestic commercial sales book now totals more than US$7B.
“REGENT´s seagliders fit perfectly to our product range in many of our worldwide operations,” says Moritz Bruns, Director Business & Corporate Development of FRS. “Providing safe and fastest travel possibilities, be it for commuters, tourists or even cargo clients is part of our DNA. The strategic partnership with REGENT enables us to further expand our route network and offer our clients new and unique travel possibilities and experiences around the globe.”
The REGENT seaglider is an all-electric wing-in-ground effect vehicle, meaning it flies low (within one wingspan) over the water to take advantage of numerous aerodynamic and operational efficiencies, enabling increased payload capability and greater range than other electric aircraft concepts. The seaglider operates in three modes: from the dock, the vehicle first drives on its hull like a traditional boat. As it leaves the harbor area and speeds up, it rises on its retractable hydrofoil, which offers significant wave tolerance and a smooth ride as it leaves a crowded harbor. Upon reaching open water, the vehicle transitions onto its wing, retracting the foil and accelerating up to cruise speed—all while staying within a wingspan of the water’s surface. Driving a seaglider is enabled by coupling advanced digital flight software with simple boat controls.
About REGENT
REGENT is pioneering the future of sustainable maritime mobility. REGENT builds seagliders, a new category of electric vehicle that operates exclusively over the water that will drastically reduce the time and cost of moving people and goods between coastal cities. Seagliders will service routes up to 180 miles at up to 180 mph with existing battery technology and up to 500 miles with next-generation batteries, via existing dock infrastructure. For more information, visit regentcraft.com or follow us on LinkedIn, Twitter, and Instagram.
About FRS
FRS (formerly Förde Reederei Seetouristik), based in the North of Germany, is a successful maritime venture that has taken the initiative to develop new business activities beyond home waters. In the last few decades, FRS has grown from a regional passenger ferry operator into an internationally active group with 70 vessels and more than 1,500 employees from more than a dozen countries all over the world. FRS annually carries 7.9 million passengers and 2.1 million vehicles on its numerous national and international shipping lines. Today, the FRS Group consists of 21 subsidiaries located in Europe, Northern Africa and America.
REGENT
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