DUBLIN--(BUSINESS WIRE)--The "Asia Pacific Air Treatment Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type and Application" report has been added to ResearchAndMarkets.com's offering.
The air treatment market in Asia Pacific is expected to grow from US$1,964.85 million in 2021 to US$2,822.13 million by 2028; it is estimated to register a CAGR of 5.3% from 2021 to 2028.
Air pollution is a major cause of morbidity and mortality across the region. China is the world's fastest-growing and largest developing country, and it reports one of the highest air pollution-related mortality rates in the world due to the worsening air pollution levels. In 2019, ambient particulate matter pollution was ranked as the fourth-leading cause of the loss of years of life among people in China.
As a result, the necessity for air treatment has been a key focus of governments worldwide, contributing to the air treatment market expansion. There is substantial epidemiological evidence that air pollution is harmful to human health and is linked to respiratory disorders such as chronic obstructive pulmonary disease (COPD).
In 2020, the particulate segment held the largest share; and the coalescing segment is expected to register the highest CAGR during the forecast period. Based on specialty filters, the market is segmented into stainless steel, sterile, silicone free, high pressure, high temperature, antibacterial, and absolute filters.
Based on specialty filters, the market is segmented into aftercoolers, oil water separators, and drains. In 2020, the drains segment held the largest share of the market; and the aftercoolers segment is expected to register the highest CAGR during the forecast period.
Based on application, the market is segmented into general industry, food and beverage, pharmaceutical, oil and gas, chemical and petrochemical, and mining. In 2020, the pharmaceutical segment held the largest share of the market; and the general industry segment is expected to register the highest CAGR during the forecast period. Further, based on country, the Asia Pacific air treatment market is segmented into Australia, China, India, Japan, South Korea, and the Rest of APAC. In 2020, China held the largest market share; and India is expected to grow at the fastest CAGR during the forecast period.
Market Dynamics
Market Drivers
Market Restraints
Market Opportunities
Key Topics Covered:
1. Introduction
2. Key Takeaways
3. Research Methodology
4. Asia Pacific Air Treatment Market Landscape
5. Asia Pacific Air Treatment Market - Key Market Dynamics
6. Asia Pacific Air Treatment - Market Analysis
7. Asia Pacific Air Treatment Market - By Type
8. Asia Pacific Air Treatment Market - By Application
9. Asia Pacific Air Treatment Market - Country Analysis
10. Asia Pacific Air treatment market - Industry Landscape
11. Company Profiles
12. Appendix
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/ny6cuh
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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BISMARCK, N.D.--(BUSINESS WIRE)--Bakken Energy, through its subsidiary Great Plains Hydrogen, LLC, has been invited by the U.S. Department of Energy’s Loan Programs Office (LPO) to submit a Part II application under the Title XVII Innovative Clean Energy Loan Guarantee Program. The invitation is an important milestone in Bakken’s process in applying for DOE financing for $1.7 billion of Bakken’s $2.35 billion clean hydrogen project.
Established via Title XVII of the Energy Policy Act of 2005, the DOE-backed loan, if awarded after DOE reviews the Part II application and completes subsequent due diligence, will support the acquisition of the Great Plains Synfuels Plant in North Dakota and its redevelopment into a world class production facility with low-cost clean hydrogen. Achieving this invitation to the Part II process is a key milestone for Bakken in the Department of Energy’s LPO process.
The invitation states that “while this invitation from the DOE LPO does not guarantee or imply that Great Plains Hydrogen, LLC will be invited any further forward in the process, LPO does not extend this invitation lightly, and believes that the Company and the Project have the potential to join the LPO portfolio.” DOE’s invitation to submit a Part II application is not an assurance that DOE will invite the applicant into the due diligence and term sheet negotiation process, that DOE will offer a term sheet to the applicant, or that the terms and conditions of a term sheet will be consistent with terms proposed by the applicant. The foregoing matters are wholly dependent on the results of DOE review and evaluation of a Part II application, and DOE’s determination whether to proceed.
“We are grateful to the DOE LPO for the confidence it has shown this project in advancing it to the Part II process. Bakken Energy is proud to have met their stringent Part I requirements and mindful that the magnitude of the project is historic not just for clean hydrogen, but for the whole clean energy industry,” said Bakken Energy Chairman and Founder Steve Lebow.
“The transformation of the Great Plains Synfuels Plant is a challenging and important undertaking but is just the first in a series of clean hydrogen projects we and our partners are developing. As these projects come online, they will establish North Dakota as the leader in the affordable clean hydrogen production economy,” said Mike Hopkins, CEO of Bakken Energy.
Bakken Energy has partnered with Mitsubishi Power Americas on this first clean hydrogen production facility that will have an estimated gross production capacity of 381,000 metric tons/year of clean hydrogen.
The project will employ new and significantly improved technologies including ultra-high efficiency, state-of-the-art Auto-Thermal Reforming (ATR) technology and ensures greater than 95% capture rates for resultant CO2 while delivering economical hydrogen production. This clean hydrogen production facility will provide clean hydrogen to our target markets of long-haul trucking and agriculture in the Upper Midwest region.
In addition, Bakken Energy has partnered with the Mandan, Hidatsa, Arikara (MHA) Nation to use low carbon intensity clean hydrogen production processes to work toward the elimination of natural gas flaring and the related CO2 emissions from flaring on the Fort Berthold Indian Reservation. Bakken Energy will capture natural gas that would otherwise be flared and convert it into clean hydrogen.
“We are proud to be working alongside the MHA leadership, and thank them for their ongoing support and partnership,” Hopkins said.
“The projects we are developing are examples of Bakken Energy’s commitment to produce the lowest cost clean hydrogen and materially contribute to the development of the hydrogen economy in the United States,” said Steve Lebow.
About Bakken Energy
Bakken Energy is an innovative clean hydrogen company working to become the largest producer of affordable clean hydrogen in the U.S. Its mission is to decarbonize the hard to decarbonize sectors of the economy with affordable clean hydrogen and to develop the future hydrogen economy that leads toward a zero-carbon future.
Mike Waterman
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(202) 530-4707
Company Supports Broader EV Adoption with Clean Transportation Programs and Customer Incentives
OAKLAND, Calif.--(BUSINESS WIRE)--In recognition of National Drive Electric Week (Sept. 23 - Oct. 2, 2022), Pacific Gas and Electric Company (PG&E) is encouraging customers to drive electric, promoting electric vehicle (EV) programs and resources available to customers, and sharing its progress to prepare the grid for widespread EV adoption in support of California’s clean air and climate goals.
Currently, one in six electric vehicles in the nation plugs into PG&E’s grid, or about 330,000 EVs. As part of the 2030 targets outlined in PG&E’s Climate Strategy Report released earlier this year, the company is preparing the grid to quickly and safely power at least 3 million EVs—or about 12,000 GWh of EV-related electric load. PG&E is also working to enable 2 million of those EVs to participate in vehicle-grid integration applications, allowing EVs to be a cornerstone of both reliability and climate resilience.
“We take great pride in the role PG&E is playing to lead the way on clean transportation. The orchestration of EVs is the key to an affordable, reliable and resilient energy future for Californians. We are proactively investing to prepare the grid for this future, and we’re supporting customers at every step of the EV ownership journey by increasing access to charging infrastructure and offering rate options, rebates, tools and education,” said Aaron August, PG&E Vice President, Utility Partnerships & Innovation.
How PG&E is Supporting California’s EV Future
To unleash the full potential of EVs for customers, PG&E is accelerating equitable EV adoption by:
PG&E is also deploying cost-efficient, targeted customer programs to accelerate equitable EV adoption with the aim to:
“We’re excited to collaborate with the broader EV ecosystem of vehicle manufacturers, supply equipment providers and others to create robust marketplaces where many can thrive. We have a Memorandum of Understanding with industry, government, and labor leaders to accelerate ‘vehicle-to-everything’ technologies, and we will continue engaging with coalitions to advocate for policy and regulatory positions that enable accelerated and equitable EV adoption, market integration and customer affordability,” said August.
Local EV Events Coming Soon
PG&E will be participating in multiple EV-focused events in the coming weeks to help educate customers regarding EVs and answer any questions regarding EV adoption:
EV Customer Programs and Incentives
PG&E offers a variety of tools and resources to help educate customers regarding EV ownership. Customers are invited to check out PG&E’s EV Savings Calculator, an online resource to browse vehicles, discover incentives, compare rate plans and locate charging stations. PG&E also offers an EV Checklist to help customers get started on the path to EV ownership.
PG&E is preparing to launch additional EV buying and charging programs in the coming months. Current programs available include:
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 www.pge.com/ and http://www.pge.com/about/newsroom/.
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AUSTIN, Texas & LOS ANGELES--(BUSINESS WIRE)--#IIoT--Olea Edge Analytics™, a provider of intelligent solutions and services for the water utility industry, today announced the industry’s first real-time, utility-wide water loss solution, designed to help utilities account for every drop produced and transforming water management in the process.
Olea puts real-time water loss control within reach by combining AI-based edge computing and powerful analytics to diagnose both real and apparent water loss. Olea’s sensor-based, data-driven assessment works across different brands and types of utility infrastructure to identify and diagnose leaks, pressure changes, meter failures, storage tank issues, unauthorized consumption and more.
“Olea Oasis takes the guesswork out of water loss audits, giving utilities better visibility into the water distribution network and empowering them with validated, data-driven insights,” said Ben Wilson, Chief Executive Officer of Olea Edge Analytics. “With Olea, utilities can assess and proactively manage all sources of water loss in real time, so there are no surprises. They can now make data-driven decisions about how and where their actions will have the most impact.”
Olea Oasis Equips Utilities with Real-Time Data to Manage Water Loss As It Occurs
Water loss events across the water distribution network are displayed as they happen in the Olea Oasis,™ Olea’s utility portal. Equipped with this comprehensive view of water loss, utilities can manage water loss as it occurs, prioritizing response by the level of loss and path to resolve.
Multiple utilities have deployed Olea’s solution, including a top-10 major metropolitan area in the United States that reduced apparent water loss by more than 300 million gallons in less than 12 months by deploying Olea’s technology on a small but critical portion of its infrastructure.
“Water loss is an industry-wide issue that, to date, has not had an industry-wide solution,” said Melissa Meeker, CEO of The Water Tower, a nonprofit organization committed to creating a thriving ecosystem of water innovation. “A universal solution that assesses all water loss — both real and apparent — and works on any infrastructure could be truly groundbreaking.”
Improving the Sustainability of Water Supply for California and Western U.S. Affected by Severe Drought Conditions
Along with reduced water loss, better audit scores and more efficient management, Olea Oasis brings other benefits to utilities, such as recovered revenue, which is often used by utilities to fund other projects and delay rate increases. Based on millions of data points, Olea Oasis can also predict which types of assets, such as meter brand and type, are most likely to fail and which failures are most likely to occur. Utilities can use that information to optimize asset management and extrapolate potential water loss issues across the distribution network.
“Water loss is increasingly important to address as utilities grapple with aging infrastructure and a finite water supply,” said Gigi Karmous-Edwards, an ambassador for SWAN, the leading global voice for the smart water sector, and founder and co-chair of SWAN’s Digital Twin workgroup. “Having accurate, real-time visibility into water loss across the utility could make a big difference in improving the sustainability of our water supply.”
To learn more about Olea Oasis, contact This email address is being protected from spambots. You need JavaScript enabled to view it. or visit www.oleaedge.com.
About Olea Edge Analytics
Olea's proven, AI-based edge technology empowers utilities to optimize water management and delivery so cities can account for every drop delivered, dramatically reducing water loss by hundreds of millions of gallons. Committed to helping water utilities combat aging infrastructure, meet greater demand and limit rate increases, Olea's patented solutions combine IoT and edge computing capabilities to bring transparency, accuracy and reliability to the delivery of the world’s most precious resource. For more information, visit www.oleaedge.com.
Treble
Ethan Parker
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During National Clean Energy Week, ESS Inc., Citizens for Responsible Energy Solutions and U.S. Energy Association release brief detailing need for LDES to efficiently deploy renewables
WILSONVILLE, Ore. & WASHINGTON--(BUSINESS WIRE)--$GWH #batteries--ESS Inc. (NYSE:GWH), a leading manufacturer of long-duration iron flow batteries for commercial and utility-scale energy storage applications, in partnership with Citizens for Responsible Energy Solutions (CRES) Forum and the United States Energy Association (USEA), today released an issue brief detailing the critical need for long-duration energy storage (LDES) to create an efficient, low-carbon energy system and avoid the curtailment of renewable energy resources.
As policymakers and energy leaders gathered to celebrate National Clean Energy Week, the organizations released the brief which analyzes curtailment data from grid operators nationwide, illustrating the mismatch between renewable energy supply and grid demand and demonstrating the need for long-duration energy storage to decarbonize the energy system.
California provides one case study: In 2021, solar accounted for 17% of the state’s utility-scale generation, with wind accounting for 8%. The state’s grid operator, California ISO, curtailed approximately 1,400 GWh of utility-scale solar and nearly 80 GWh of wind in 2021, for a total of just over 1,500 GWh – enough to power nearly 220,000 California homes for a year. In the first half of 2022 alone, the state curtailed nearly 2,000 GWh of solar and nearly 90 GWh of wind.
On an average afternoon in August 2022, energy generation within CAISO emitted approximately 233 mTCO2/GWh. At that rate, if all 1,500 GWh of curtailed solar and wind energy in 2021 had been stored for later use, over 350,000 metric tons (mTCO2) of carbon emissions could have been avoided. That is equivalent to the annual CO2 emissions of over 76,000 passenger vehicles.
“Wind and solar energy are fulfilling the promise of low-cost clean electricity whenever the sun shines or the wind blows,” said Eric Dresselhuys, CEO of ESS. “As we move into the next chapter of the clean energy transition, it will be critical to accelerate the deployment of long-duration energy storage to build a reliable, resilient and affordable clean energy economy that delivers clean energy 24/7.”
“Energy storage bridges the gap when the wind isn’t blowing and the sun isn’t shining. The ability to cost-effectively store large amounts of electricity that can be discharged over long periods of time when needed will be critical to ensuring an increasingly cleaner electricity grid remains reliable and affordable,” said Heather Reams, CRES Forum president. “CRES Forum’s issue brief highlights the critical need for long-duration energy storage (LDES) to maximize the use of renewable energy resources, enable carbon emissions reductions and ensure clean energy can power the grid more reliably.”
“USEA is pleased to take part in this important briefing alongside ESS Inc., a major member of USEA, and CRES Forum. Accelerating the implementation of long-duration energy storage systems is a vital component of the global energy transition,” said USEA Acting Executive Director Sheila Hollis. “The ability to store large amounts of energy for extended periods of time is essential to ensuring the resiliency and reliability of electricity generated by renewable sources. It is critical that we continue to expand our renewable energy infrastructure and deploying long-duration energy storage systems should be a top priority in that mission.”
The brief, entitled “Long-Duration Energy Storage: The Key to Making the Most of Zero-Carbon Electricity,” is available for download on the ESS website here.
About USEA
The United States Energy Association (USEA) is a nonprofit, apolitical, nonlobbying organization founded in 1924. USEA’s mission has two pillars of equal importance. USEA serves as a resource, by convening energy stakeholders to share policy, scientific, and technological information to foster the advancement of the entire energy sector. Internationally, USEA promotes energy development by expanding access to safe, affordable, sustainable, and environmentally acceptable energy in partnership with the U.S. Government. For more information, visit www.usea.org.
About CRES Forum
Citizens for Responsible Energy Solutions (CRES) Forum is a nonpartisan, nonprofit 501c(3) organization committed to educating the public and influencing the national conversation about clean energy and climate change.For more information, visit cresforum.org.
About ESS, Inc.
At ESS (NYSE: GWH), our mission is to accelerate global decarbonization by providing safe, sustainable, long-duration energy storage that powers people, communities and businesses with clean, renewable energy anytime and anywhere it’s needed. As more renewable energy is added to the grid, long- duration energy storage is essential to providing the reliability and resiliency we need when the sun is not shining and the wind is not blowing.
Our technology uses earth-abundant iron, salt and water to deliver environmentally safe solutions capable of providing up to 12 hours of flexible energy capacity for commercial and utility-scale energy storage applications. Established in 2011, ESS Inc. enables project developers, independent power producers, utilities and other large energy users to deploy reliable, sustainable long-duration energy storage solutions. For more information visit www.essinc.com.
ESS
Investors:
Erik Bylin
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Media:
Morgan Pitts
503.568.0755
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+ Anoop Singh, P.Eng., to join NMG as Vice President, Mining Projects, bringing demonstrated skillset in project management and construction of mining facilities
+ Josée Gagnon, LL.B, MBA, to take on the role of Vice President, Legal Affairs & Corporate Secretary, contributing her experienced advisory on business and legal issues in corporate development, commercial transactions, and project implementation
+ Kelly LeBlanc appointed to the new position of Manager, Indigenous Relations contributing her understanding of First Nations’ environmental and social issues, and her capacity to develop meaningful relationships focused on respect and sustainability
MONTRÉAL--(BUSINESS WIRE)--$NMG #ESG--Nouveau Monde Graphite Inc. (“NMG” or the “Company”) (NYSE: NMG, TSXV: NOU) bolsters its leadership, depth, and execution capabilities with the nomination on its management team of Anoop Singh, P.Eng., as Vice President, Mining Projects, Josée Gagnon, LL.B, MBA, as Vice President, Legal Affairs & Corporate Secretary, and Kelly LeBlanc as Manager, Indigenous Relations. These nominations coincide with NMG’s preparation for the transition towards its Phase 2 integrated commercial operations as internal teams and key consultants organize resources and expertise for the Company’s next development phase.
Eric Desaulniers, Founder, President, and CEO of NMG, applauded the nominations: “I welcome Anoop, Josée, and Kelly to Team Nouveau Monde; I am excited to see such talented executives rallying behind our vision of driving the transition to a green future. I am confident they will help strengthen our management approach, diversify our perspectives, enhance our collective expertise, and help guide the development of NMG as a North American natural graphite leader for the battery and EV markets. Bienvenue!”
Anoop Singh
Starting on October 3, 2022, Anoop Singh is a civil engineer (McGill University) with nearly 20 years of experience in mining and heavy civil operations.
Mr. Singh will take on the role of Vice President, Mining Projects, looking after NMG’s project management, engineering, procurement, and construction of the Matawinie Mine, as well as the potential development of the Lac Guéret graphite property as part of the Company’s Phase 3 growth plan. He brings a demonstrated skillset in project management and construction of mining facilities that will be leveraged within the Operations division of the Company, in close collaboration with Environment, Health and Safety, Procurement, and Engineering teams.
Prior to joining NMG, Mr. Singh was Vice President, Strategic Development and Estimating at Bird Construction (previously H.J. O’Connell) where he managed multiple mining accounts over the years for clients such as ArcelorMittal, Rio Tinto, Cliffs, Vale, and Agnico Eagle. From the execution of $100-million-worth projects to Indigenous partnerships and the procurement and risk management of complex projects, Mr. Singh has acquired robust know-how in leading highly technical, timeline-focused contracts in the mining sector. His project portfolio includes new mine construction, reactivation of closed mines, open-pit operations, construction of tailings facilities, and other construction and support activities for several mining companies.
Josée Gagnon
Josée Gagnon is set to join the Company on October 11, 2022. The attorney (Québec Bar, California Bar, Montréal University graduate) and MBA-recipient (HEC) executive has been assisting private and public organizations in commercial, transactional and risk management law for the past 25 years.
Mrs. Gagnon will lead legal affairs at NMG as Vice President, Legal Affairs & Corporate Secretary. Her role will call upon her experienced advisory on business and legal issues in corporate development, commercial transactions, and project implementation to support the Company’s current operations, planned development, and potential expansion.
Previously, Mrs. Gagnon was Vice President and Chief Legal Officer at Just For Laughs where she ensured counsel on business activities and supported governance activities. She has also worked at Colabor Group, WSP Canada, EXP Services and Infrastructure Québec, namely, where she developed applied proficiency in contract negotiations, compliance, acquisitions, and team management within complex projects and corporate initiatives. She has contributed to the realization of the first public-private partnerships in Québec and major infrastructure projects in addition to several mergers and acquisitions, both in private practice and within companies.
Kelly LeBlanc
As of October 24, 2022, Kelly LeBlanc will bring to Company her 15-year experience in environmental and social impact assessment, First Nations’ rights and interests, and stakeholder representation and coordination, backed by a Masters in Geography and Bachelor in International Studies (Montréal University).
Mrs. LeBlanc will liaise with Indigenous communities, leaders, and organizations in her new capacity as Manager, Indigenous Relations. She will develop engagement strategies to facilitate the participation of the Indigenous workforce, businesses and communities in NMG’s activities, coordinate flagship partnerships that support Indigenous community priorities, and assist diversity, equity and inclusion efforts within the Company.
Mrs. LeBlanc joins NMG after having spent more than 10 years at the Cree Nation Government where she has developed an in-depth understanding of First Nations' environmental and social issues. She has worked at reconciling interests between nature conservation and territorial development through industrial activities while promoting respect for Aboriginal rights and active dialogue between cultures and knowledge.
About Nouveau Monde Graphite
NMG is striving to become a key contributor to the sustainable energy revolution. The Company is working towards developing a fully integrated source of carbon-neutral battery anode material in Québec, Canada for the growing lithium-ion and fuel cell markets. With low-cost operations and enviable ESG standards, NMG aspires to become a strategic supplier to the world’s leading battery and automobile manufacturers, providing high-performing and reliable advanced materials while promoting sustainability and supply chain traceability. www.NMG.com
Subscribe to our news feed: https://NMG.com/investors/#news
Cautionary Note Regarding Forward-Looking Information
All statements, other than statements of historical fact, contained in this press release including, but not limited to those describing the positive impact of the foregoing on the project economics, the development of the Company’s Phase 2 commercial operations and potential development of the Phase 3 Lac Guéret graphite property, the Company’s objective of being a North American natural graphite leader for the battery and EV markets and those statements which are discussed under the “About Nouveau Monde Graphite” paragraph and elsewhere in the press release which essentially describe the Company’s outlook and objectives, constitute “forward-looking information” or “forward-looking statements” (collectively, “forward-looking statements”) within the meaning of Canadian and United States securities laws, and are based on expectations, estimates and projections as of the time of this press release. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Company as of the time of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. These estimates and assumptions may prove to be incorrect. Moreover, these forward-looking statements were based upon various underlying factors and assumptions, including the current technological trends, the business relationship between the Company and its stakeholders, the ability to operate in a safe and effective manner, the timely delivery and installation of the equipment supporting the production, the Company’s business prospects and opportunities and estimates of the operational performance of the equipment, and are not guarantees of future performance.
Forward-looking statements are subject to known or unknown risks and uncertainties that may cause actual results to differ materially from those anticipated or implied in the forward-looking statements. Risk factors that could cause actual results or events to differ materially from current expectations include, among others, delays in the scheduled delivery times of the equipment, the ability of the Company to successfully implement its strategic initiatives and whether such strategic initiatives will yield the expected benefits, the availability of financing or financing on favorable terms for the Company, the dependence on commodity prices, the impact of inflation on costs, the risks of obtaining the necessary permits, the operating performance of the Company’s assets and businesses, competitive factors in the graphite mining and production industry, changes in laws and regulations affecting the Company’s businesses, political and social acceptability risk, environmental regulation risk, currency and exchange rate risk, technological developments, the impacts of the global COVID-19 pandemic and the governments’ responses thereto, and general economic conditions, as well as earnings, capital expenditure, cash flow and capital structure risks and general business risks. A further description of risks and uncertainties can be found in NMG’s Annual Information Form dated March 22, 2022, including in the section thereof captioned “Risk Factors”, which is available on SEDAR at www.sedar.com and on EDGAR at www.sec.gov. Unpredictable or unknown factors not discussed in this Cautionary Note could also have material adverse effects on forward-looking statements.
Many of these uncertainties and contingencies can directly or indirectly affect, and could cause, actual results to differ materially from those expressed or implied in any forward-looking statements. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are provided for the purpose of providing information about management’s expectations and plans relating to the future. The Company disclaims any intention or obligation to update or revise any forward-looking statements or to explain any material difference between subsequent actual events and such forward-looking statements, except to the extent required by applicable law.
The market and industry data contained in this press release is based upon information from independent industry publications, market research, analyst reports and surveys and other publicly available sources. Although the Corporation believes these sources to be generally reliable, market and industry data is subject to interpretation and cannot be verified with complete certainty due to limits on the availability and reliability of raw data, the voluntary nature of the data-gathering process and other limitations and uncertainties inherent in any survey. The Corporation has not independently verified any of the data from third-party sources referred to in this press release and accordingly, the accuracy and completeness of such data is not guaranteed.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Further information regarding the Company is available in the SEDAR database (www.sedar.com), and for United States readers on EDGAR (www.sec.gov), and on the Company’s website at: www.NMG.com
MEDIA
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INVESTORS
Marc Jasmin
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STAMFORD, Conn.--(BUSINESS WIRE)--Altus Power, Inc. (“Altus Power”) (NYSE: AMPS), the premier independent developer, owner and operator of commercial-scale solar facilities, today announced that a selling stockholder affiliated with Blackstone (“Blackstone”) intends to offer and sell 7,000,000 shares of Altus Power’s Class A common stock in a secondary underwritten public offering. In connection with the offering, Blackstone is expected to grant the underwriters a 30-day option to purchase up to 1,050,000 additional shares of Class A common stock on the same terms and conditions. All of the shares in the offering are to be sold by Blackstone. Altus Power will not receive any proceeds from the sale of shares of its Class A common stock by Blackstone.
J.P. Morgan, Citigroup and Evercore ISI are acting as joint book-running managers for the offering.
The shares of Class A common stock are being offered pursuant to an effective registration statement on Form S-1 that Altus Power previously filed with the Securities and Exchange Commission (the “SEC”) on January 10, 2022 and which was declared effective on January 21, 2022. The offering will be made only by means of the written prospectus supplement and the accompanying prospectuses that form a part of the registration statements. An electronic preliminary prospectus supplement and the accompanying prospectuses relating to the offering will be filed with the SEC and will be available on the SEC’s website at www.sec.gov. Copies of the preliminary prospectus supplement and the accompanying prospectuses relating to the offering may also be obtained, when available, from J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by telephone at +1 (866) 803-9204 or by email at This email address is being protected from spambots. You need JavaScript enabled to view it.; Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 (Tel: 800-831-9146); or Evercore Group L.L.C., Attention: Equity Capital Markets, 55 East 52nd Street, 35th Floor, New York, NY 10055, by telephone at 888-474-0200 or by email at This email address is being protected from spambots. You need JavaScript enabled to view it..
This press release does not constitute an offer to sell or the solicitation of offers to buy any securities of Altus Power being offered, and shall not constitute an offer, solicitation or sale of any security in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Altus Power
Altus Power, based in Stamford, Connecticut, is the premier commercial-scale clean electrification company, serving commercial, industrial, public sector and community solar customers with an end-to-end solution. Altus Power originates, develops, owns and operates locally sited solar generation, energy storage, and EV charging infrastructure across the nation.
Forward-Looking Statements
This press release contains forward-looking statements. Forward-looking statements may be identified by the use of words such as “intends,” “will, “expect,” “believe” or variations of such words or similar terminology that predict or indicate future events or trends or that are not statements of historical matters. These statements are based on Altus Power’s management’s current expectations and beliefs, as well as a number of assumptions concerning future events.
Such forward-looking statements are subject to known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside Altus Power’s control, that could cause actual results to differ materially from the results discussed in the forward-looking statements including the completion of the proposed public offering on the anticipated terms or at all.
Additional factors that could cause actual results to differ materially from those expressed or implied in forward-looking statements can be found under the heading “Risk Factors” in Altus Power’s [Form 10-K filed with the Securities and Exchange Commission on March 24, 2022,]1 as well as the other information we file with the Securities and Exchange Commission.
This press release is not intended to be all-inclusive or to contain all the information that a person may desire in considering an investment in Altus Power and is not intended to form the basis of an investment decision in Altus Power. All subsequent written and oral forward-looking statements concerning Altus Power or other matters and attributable to Altus Power or any person acting on its behalf are expressly qualified in their entirety by the cautionary statements above.
_____________________________
1 NTD: Reference 8-K if updated risk factors will be filed in a separate 8-K at launch to bring the risk factors into the 34 Act stream, and if not, reference the ProSupp.
Altus Power:
For Media:
Cory Ziskind
ICR, Inc.
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For Investors:
Chris Shelton, Head of IR
Caldwell Bailey, ICR, Inc.
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RICHMOND, Calif.--(BUSINESS WIRE)--#EV--Moxion Power Co., a manufacturer of clean, mobile energy storage technology, today announced securing $100 million in Series B funding led by Tamarack Global along with participation from Moxion’s Series A lead-investor, Energy Impact Partners. Several significant investors participated in the round, including Sunbelt Rentals, Amazon’s Climate Pledge Fund, Microsoft’s Climate Innovation Fund, Enterprise Holdings Ventures, Marubeni Ventures, Suffolk Technologies, and Rocketship.vc. Moxion Power will use the funding to scale production at its first two domestic manufacturing facilities to meet the increasing demand for its mobile energy storage product lineup.
“Temporary power generation is a critical part of many industries, including construction, film production, live events, and disaster response. As these industries look to decarbonize, there’s enormous demand for cleaner alternatives to the fossil-fuel-burning generators that these industries have historically relied on. Moxion is thrilled to announce the next milestone on our mission to disrupt the fossil-fuel economy and establish key partnerships with these sustainable business leaders who are driving change at scale,” said Paul Huelskamp, Moxion’s Co-Founder and CEO.
"We’re proud to continue our partnership with Moxion Power as they continue to revolutionize the temporary power sector. Their technology sits at the forefront of the growing market trend to carbon-free technology and a largely untapped market with exponential growth potential. This partnership demonstrates our commitment to exceptional founders and companies shaping the future through bold and exciting new business models,” said Jamie Lee, Managing Partner at Tamarack Global.
“Using carbon-free portable generators to provide the temporary power needed for construction sites, disaster relief efforts, and entertainment industry sets will be an important step in the fight against climate change,” said Matt Peterson, Director of the Amazon Climate Pledge Fund. “Amazon is committed to investing in technologies like Moxion’s, which has the potential to help replace fossil fuel-burning generators and transform the energy industry.”
"Our conviction in the Moxion Power team and the market opportunity has never been greater. We believe that they can help improve the ways in which we deliver flexible, onsite power to construction sites, events and entertainment operations, temporary health service locations, and more. Their technology is on track to revolutionize the mobile power industry and advance the net zero carbon economy through a variety of use cases, making it the perfect fit for Energy Impact Partners. We look forward to continuing to work with the Moxion team as they scale US-based manufacturing, create green jobs, and decarbonize mobile power,” said Sameer Reddy, Managing Partner, Venture at Energy Impact Partners.
Earlier this year, Sunbelt Rentals committed to a multiyear purchase agreement with Moxion through 2025 and completed a strategic investment in the Company ahead of its Series B capital raise. The companies plan to collaborate on product development, software integration, and differentiated service models to accelerate electrification within the industrial, commercial, and construction industries.
"Moxion’s technology fills an important need in our power management solutions lineup, whether augmenting or replacing fossil-fuel-powered generators. Increasingly, our customers are looking for cleaner options for their temporary power needs. We’re happy to partner with the team at Moxion to provide our customers with the equipment they need to cost-effectively power their projects, while leading the energy transition. We look forward to working with the Moxion team to identify more ways to leverage their innovative technology to accelerate the availability and adoption of carbon free solutions," said Brendan Horgan, CEO of Sunbelt Rentals.
Moxion recently started construction at its first manufacturing facility, located at the historic Ford Point Building in Richmond, California, and plans to commission a second domestic manufacturing facility in 2024. The two facilities will have a combined annual capacity of over seven gigawatt hours (GWh) and will create hundreds of high-paying manufacturing jobs. In addition to scaling production, Moxion will use the proceeds from this round to accelerate product development for film, entertainment, construction, utility, and EV fleet customers.
“EVs are a key component of our overall business strategy, and Enterprise Holdings Ventures’ investment in Moxion Power supports key infrastructure that needs to be in place to operate as we in-fleet EVs,” said Chris Haffenreffer, Vice President of Strategy Development, Enterprise Holdings. “Our operations require access to safe and sufficient power while minimizing business disruption. Mobile charging and battery storage offers the flexible solution we’ll need, and we are excited to be a part of the next leg in Moxion’s journey.”
“Moxion’s solutions complement the Climate Innovation Fund’s mission to accelerate the development and deployment of new and innovative climate technology,” said Brandon Middaugh, Director, Microsoft Climate Innovation Fund. “We look forward to working with the team as they continue to build domestic manufacturing operations, create jobs, and unlock and decarbonize new market verticals.”
About Moxion Power Co.
Moxion Power manufactures mobile energy storage products and technologies, which enable last-mile electrification in industries such as construction, transportation, events and entertainment, film production and telecommunications. To learn more, please visit www.moxionpower.com.
Media
Regan Keller
415-977-1933
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VERNAL, Utah--(BUSINESS WIRE)--Superior Drilling Products, Inc. (NYSE American: SDPI) (“SDP” or the “Company”), a designer and manufacturer of drilling tool technologies, announced that it has been awarded a grant of up to $750,000 by the State of Utah Governor's Office of Economic Opportunity as part of the Manufacturing Modernization Grant Program.
Troy Meier, Chairman and CEO of Superior Drilling Products, commented, "We have been producing drilling tools for over 30 years in Utah and look forward to expanding our capacity and employee count in support of the significant demand that exists domestically and internationally. This grant will specifically help fund the acquisition of a new high-speed, tight tolerance CNC machine, as well as the ancillary costs for facility and technology upgrades, and employee training. We are grateful to the Governor’s office for their long standing support of SDP and their efforts to drive manufacturing growth in Utah.”
About Superior Drilling Products, Inc.
Superior Drilling Products, Inc. is an innovative, cutting-edge drilling tool technology company providing cost saving solutions that drive production efficiencies for the oil and natural gas drilling industry. The Company designs, manufactures, repairs and sells drilling tools. SDP drilling solutions include the patented Drill-N-Ream® wellbore conditioning tool and the patented Strider™ oscillation system technology. In addition, SDP is a manufacturer and refurbisher of PDC (polycrystalline diamond compact) drill bits for a leading oil field service company. SDP operates a state-of-the-art drill tool fabrication facility, where it manufactures its solutions for the drilling industry, as well as customers’ custom products. The Company’s strategy for growth is to leverage its expertise in drill tool technology and innovative, precision machining in order to broaden its product offerings and solutions for the oil and gas industry.
Additional information about the Company can be found at: www.sdpi.com.
Safe Harbor Regarding Forward Looking Statements
This news release contains forward-looking statements and information that are subject to a number of risks and uncertainties, many of which are beyond our control. All statements, other than statements of historical fact included in this release, including, without limitations, the success of the distribution partnership in the MENA region, the timing and value of any tool purchases, the ability to increase market penetration of the DNR, the technical capabilities of the DNR, the increase in market exposure in the Middle East, and the rate of adoption of the DNR tool are forward-looking statements. The use of words “could,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “may,” “continue,” “predict,” “potential,” “project”, “forecast,” “should” or “plan, and similar expressions are intended to identify forward-looking statements, although not all forward -looking statements contain such identifying words. These statements reflect the beliefs and expectations of the Company and are subject to risks and uncertainties that may cause actual results to differ materially. These risks and uncertainties include, among other factors, the duration of the COVID-19 pandemic and related impact on the oil and natural gas industry, the effectiveness of success at expansion in the Middle East, options available for market channels in North America, the deferral of the commercialization of the Strider technology, the success of the Company’s business strategy and prospects for growth; the market success of the Company’s specialized tools, effectiveness of its sales efforts, its cash flow and liquidity; financial projections and actual operating results; the amount, nature and timing of capital expenditures; the availability and terms of capital; competition and government regulations; and general economic conditions. These and other factors could adversely affect the outcome and financial effects of the Company’s plans and described herein. The Company undertakes no obligation to revise or update any forward-looking statements to reflect events or circumstances after the date hereof.
Deborah K. Pawlowski
Kei Advisors LLC
(716) 843-3908
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Report Highlights Progress in Implementing Diversity, Equity and Inclusion Initiatives and Outlines Enhanced Focus on Guest Health and Wellness
WESTLAKE, Ohio--(BUSINESS WIRE)--TravelCenters of America Inc. (Nasdaq: TA), the nation’s largest publicly traded full-service travel center network, today announced the publication of its inaugural Environmental, Social and Governance (ESG) Report, which reflects the company’s longstanding commitment to sustainability and transparency.
TA’s ESG report highlights TA’s progress and achievements across a broad array of ESG initiatives, including environmental management and investment in alternative energy, team member training, development and recognition, guest experience, community engagement and industry leadership.
“At TA, our goals include enhancing the experience of our guests and the quality of life of our drivers and ensuring our team members are engaged and productive while also capitalizing on opportunities to minimize the environmental impact of our business,” said Jon Pertchik, Chief Executive Officer. “As reflected in our inaugural ESG report, we have made meaningful strides in these efforts by upgrading our travel centers, fostering an engaging work environment, implementing strategic health and wellness initiatives and launching a new business unit focused on alternative energy and sustainability. We remain focused on further refining and developing strategies to accomplish these goals.”
ESG elements summarized in the 2021 ESG Report include the following:
The 2021 ESG Report can be found at this LINK.
About TravelCenters of America
TravelCenters of America Inc. (Nasdaq: TA) is the nation's largest publicly traded full-service travel center network. Founded in 1972 and headquartered in Westlake, Ohio, its 19,000 team members serve guests in over 275 locations in 44 states, principally under the TA®, Petro Stopping Centers® and TA Express® brands. Offerings include diesel and gasoline fuel, truck maintenance and repair, full-service and quick-service restaurants, travel stores, car and truck parking and other services dedicated to providing great experiences for its guests. TA is committed to sustainability, with its specialized business unit, eTA, focused on sustainable energy options for professional drivers and motorists, and leverages alternative energy to support its own operations. TA operates over 600 full-service and quick-service restaurants and nine proprietary brands, including Iron Skillet® and Country Pride®. For more information, visit www.ta-petro.com.
Tina Arundel
TravelCenters of America
440-250-4758
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HOUSTON--(BUSINESS WIRE)--Enterprise Products Partners L.P. (NYSE: EPD) today announced that the company’s 2021-2022 Annual Sustainability Report is now available and can be accessed on the company’s website at www.enterpriseproducts.com/safety-sustainability/environmental-social-governance/. The report is also accessible directly at the following link: 2021-2022 Sustainability Report.
Enterprise Products Partners L.P. is one of the largest publicly traded partnerships and a leading North American provider of midstream energy services to producers and consumers of natural gas, NGLs, crude oil, refined products and petrochemicals. Services include: natural gas gathering, treating, processing, transportation and storage; NGL transportation, fractionation, storage and marine terminals; crude oil gathering, transportation, storage and marine terminals; petrochemical and refined products production, transportation, storage, and marine terminals and related services; and a marine transportation business that operates on key U.S. inland and intracoastal waterway systems. The partnership’s assets include more than 50,000 miles of pipelines; over 260 million barrels of storage capacity for NGLs, crude oil, refined products and petrochemicals; and 14 billion cubic feet of natural gas storage capacity. Please visit www.enterpriseproducts.com for more information.
Randy Burkhalter, Investor Relations, (713) 381-6812 or (866) 230-0745, This email address is being protected from spambots. You need JavaScript enabled to view it.
Rick Rainey, Media Relations (713) 381-3635, This email address is being protected from spambots. You need JavaScript enabled to view it.
Siam Cement Group Joins Breakthrough Energy Ventures and Energy Impact Partners to accelerate profitable, zero-carbon industrial production
ALAMEDA, Calif.--(BUSINESS WIRE)--Siam Cement Group (“SCG”) has invested in Rondo Energy (“Rondo”), joining decarbonization investment leaders Energy Impact Partners and Bill Gates’ Breakthrough Energy Ventures. Rondo and SCG will be collaborating under a letter of intent to develop and expand the use of Rondo’s Heat Battery (“RHB”) technology. The RHB can deliver deep decarbonization when applied across SCG’s lines of business including cement, chemicals, paper, and packaging. Rondo and SCG plan to offer large-scale renewable solutions for industry across Southeast Asia and expand Rondo’s reach and ability to deliver systems at scale worldwide.
SCG’s investment will support earlier deployments of the Rondo Heat Battery, which reduces operating costs for the world’s biggest energy users - heavy industry - while eliminating Scope 1 and Scope 2 emissions. Rondo will use this funding to scale its manufacturing capacity, originate customer projects and develop services for both heavy industry and energy producers.
Rondo and SCG expect this collaboration to support rapid production and deployment of RHBs across Southeast Asia and worldwide. The companies plan to work together on large-scale renewable energy projects that decarbonize energy-intensive industrial operations.
“Rondo is excited to be working with SCG,” said John O’Donnell, CEO of Rondo Energy. “Rondo’s technology opens a new pathway for SCG to achieve their deep decarbonization goals and simultaneously reduce their operating costs. SCG’s deep capabilities in execution and quality will enable Rondo to deliver reliable energy infrastructure rapidly and at scale. Together, Rondo and SCG have the global footprint to deliver deep decarbonization projects, including Heat as a Service projects in Southeast Asia and worldwide.”
The Rondo Heat Battery is a simple solution for low-cost deep decarbonization of industrial processes. Renewable electricity is stored as high-temperature heat in brick. The stored heat is delivered on demand at temperatures up to 1500°C. The Heat Battery delivers the reliable, continuous energy supply industry needs, while capturing the lowest-cost, lowest-carbon energy in the world today: intermittent wind and solar power.
Rondo’s simple, practical solution builds on the steel industry’s experience in using millions of tons of brick for low-cost heat storage worldwide, and on decades of team experience building large-scale industrial heat. The plunging costs and worldwide availability of wind and solar power now make Rondo’s zero-carbon heat the lowest-cost approach to large-scale industrial decarbonization.
Tim McCaffery, Global Investment Director of SCG, said, “SCG has been leading and investing in strong decarbonization technologies with the goal to achieve net-zero emissions by 2050. Rondo has a heat battery technology to reduce CO2 emissions in manufacturing operations. Together with Rondo, SCG is excited to bring this technology to the region to reduce greenhouse gas emissions and limit global warming.”
About Rondo Energy:
Rondo Energy makes industrial decarbonization possible — and profitable — today. The Rondo Heat Battery captures low-cost renewable electricity and delivers continuous high-temperature heat, enabling customers to power their operations with zero-carbon energy. Learn more at rondo.com.
About Siam Cement Group:
SCG, a leading business conglomerate in the ASEAN region, has committed itself to conducting business in line with good corporate governance and sustainable development principles throughout 100 years. The Group's longstanding tradition of learning, adjustment and development in all areas has enabled SCG to survive the wave of crises and challenges and earn widespread recognition as a role model for other businesses, both locally and internationally. SCG was established in 1913 following a royal decree of His Majesty King Rama VI to produce cement, the main building material for infrastructure projects that greatly contributed to the progress of the country during that period. Since its founding, SCG has grown continually and diversified into three core businesses, namely Cement-Building Materials Business, Chemicals Business and Packaging Business.
Media Contact:
Maddie Coe
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STAMFORD, Conn.--(BUSINESS WIRE)--Altus Power, Inc. (“Altus Power”) (NYSE: AMPS), the premier independent developer, owner and operator of commercial-scale solar facilities, today announced the pricing of a secondary underwritten public offering of its Class A common stock by a selling stockholder affiliated with Blackstone (“Blackstone”). The offering consists of 7,000,000 shares being sold by Blackstone at a public offering price of $11.50 per share, which represents $80.5 million of Class A common stock, before underwriting discounts and commissions. In connection with the offering, Blackstone granted the underwriters a 30-day option to purchase up to 1,050,000 additional shares of Class A common stock on the same terms and conditions at the public offering price, less underwriting discounts and commissions. The offering is expected to close on or about October 3, 2022, subject to customary closing conditions. All of the shares in the offering are to be sold by Blackstone. Altus Power will not receive any proceeds from the sale of shares of its Class A common stock by Blackstone.
J.P. Morgan, Citigroup and Evercore ISI are acting as joint book-running managers for the offering.
The shares of Class A common stock are being offered pursuant to an effective registration statement on Form S-1 that Altus Power previously filed with the Securities and Exchange Commission (the “SEC”) on January 10, 2022 and which was declared effective on January 21, 2022. The offering will be made only by means of the written prospectus supplement and the accompanying prospectuses that form a part of the registration statement. An electronic preliminary prospectus supplement and the accompanying prospectuses relating to the offering has been filed with the SEC and is available on the SEC’s website at www.sec.gov. Copies of the preliminary prospectus supplement and the accompanying prospectuses relating to the offering may also be obtained from J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by telephone at +1 (866) 803-9204 or by email at This email address is being protected from spambots. You need JavaScript enabled to view it.; Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 (Tel: 800-831-9146); or Evercore Group L.L.C., Attention: Equity Capital Markets, 55 East 52nd Street, 35th Floor, New York, NY 10055, by telephone at 888-474-0200 or by email at This email address is being protected from spambots. You need JavaScript enabled to view it..
This press release does not constitute an offer to sell or the solicitation of offers to buy any securities of Altus Power being offered, and shall not constitute an offer, solicitation or sale of any security in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Altus Power
Altus Power, based in Stamford, Connecticut, is the premier commercial-scale clean electrification company, serving commercial, industrial, public sector and community solar customers with an end-to-end solution. Altus Power originates, develops, owns and operates locally sited solar generation, energy storage, and EV charging infrastructure across the nation.
Forward-Looking Statements
This press release contains forward-looking statements. Forward-looking statements may be identified by the use of words such as “intends,” “will, “expect,” “believe” or variations of such words or similar terminology that predict or indicate future events or trends or that are not statements of historical matters. These statements are based on Altus Power’s management’s current expectations and beliefs, as well as a number of assumptions concerning future events.
Such forward-looking statements are subject to known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside Altus Power’s control, that could cause actual results to differ materially from the results discussed in the forward-looking statements including the completion of the public offering on the anticipated terms or at all.
Additional factors that could cause actual results to differ materially from those expressed or implied in forward-looking statements can be found under the heading “Risk Factors” in Altus Power’s Form 10-K filed with the Securities and Exchange Commission on March 24, 2022, as well as the other information we file with the Securities and Exchange Commission.
This press release is not intended to be all-inclusive or to contain all the information that a person may desire in considering an investment in Altus Power and is not intended to form the basis of an investment decision in Altus Power. All subsequent written and oral forward-looking statements concerning Altus Power or other matters and attributable to Altus Power or any person acting on its behalf are expressly qualified in their entirety by the cautionary statements above.
Altus Power:
For Media:
Cory Ziskind
ICR, Inc.
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For Investors:
Chris Shelton, Head of IR
Caldwell Bailey, ICR, Inc.
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CHEYENNE WELLS, Colo.--(BUSINESS WIRE)--Tumbleweed Midstream, LLC (“Tumbleweed”) announced today it has formally ended the sales process of its Ladder Creek Helium Plant and Gathering System. The company’s ownership and board of managers are committed to Ladder Creek’s ongoing operations and continued growth. The Ladder Creek Helium Plant and Gathering System serve natural gas producers operating in the helium-rich region of eastern Colorado and western Kansas.
Located in Cheyenne County, Colorado, the Ladder Creek Helium Plant uses state-of-the-art cryogenic processes to extract helium and natural gas liquids from raw natural gas. The helium is further purified to 99.999%, and its temperature is reduced to negative 458 degrees Fahrenheit for transport to customers as a liquid. Current processing capacity at the Ladder Creek plant is 38 million cubic feet per day (MMcf/d), expandable to 57 MMcf/d. The Ladder Creek Helium Plant is supported by long-term acreage dedications across a 1,000- square-mile area that spans Cheyenne, Kit Carson and Kiowa counties in Colorado and Hamilton, Greeley, Wichita, Kearney, Wallace and Finney counties in Kansas.
“We are committed to supporting Tumbleweed, our employees, and our customers, and we remain excited about the opportunity to work and continue to grow what we feel is a truly remarkable asset,” said Darin Dickey, Tumbleweed board member. “The natural gas produced in this region has a high helium content, with average concentrations as high as three percent. Our unique process of extracting this highly valuable helium can return premium netbacks to our producers, delivering superior economics with the highest level of service.”
Tumbleweed purchased the Ladder Creek system in late 2019 before exploring potential sales in 2021 and 2022. Tumbleweed has retained the Cavalcade Midstream team to fulfill the CEO role and provide management and consulting services to further expand and grow the system.
The United States is the world’s largest helium producer. Helium is used in the medical industry for MRI machines and for ventilators, which often use a mixture of oxygen and helium called “heliox” to treat patients with severe asthma and other respiratory illnesses. Helium is also used in cryogenics, welding, deep sea diving, manufacturing of fiber optic cables and semiconductors, and retail sales of helium-filled balloons.
About Tumbleweed Midstream
Tumbleweed Midstream, LLC is a privately held, independent natural gas gathering and processing company whose primary business is focused on the separation and production of liquefied helium, NGLs and residue gas from the incoming gas stream as well as the purification and liquefaction of crude helium from third parties. The company’s operations are centered at the Ladder Creek Helium Plant and Gathering System located near Cheyenne Wells, Colorado, just west of the Kansas-Colorado border. For more information, please visit tumbleweedmidstream.com.
Meredith Howard
Redbird Communications Group
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As highlighted by residential installations in one Spanish neighborhood, Tigo MLPE drives sales with module-level monitoring and optimization.
CAMPBELL, Calif.--(BUSINESS WIRE)--Tigo Energy, Inc., the solar industry's leading Flex MLPE (Module Level Power Electronics) supplier, today announced that the solar energy monitoring function in the Tigo Energy Intelligence Solution has logged more than one Terawatt hour of photovoltaic energy generated by customer systems in the European market. Powered by the Tigo TS4 family of MLPE products, the Energy Intelligence Solution reports high-precision, module-level monitoring of solar installations.
With PV installations across Europe expected to grow by 40 GW in 2022, solar continues to take a leading position as the clean energy production method of choice throughout the region. With the Tigo Energy Intelligence (EI) Solution, a comprehensive digital platform designed to optimize the installer experience from commissioning through operations and maintenance (O&M), solar installers, asset owners, and homeowners have a powerful tool to monitor system performance down to the module. When deployed with the Tigo TS4-A-O, Tigo customers can also quickly see the amount of reclaimed energy produced by their solar systems.
“There’s no better way to mitigate module mismatch or shading and keep track of individual module performance than by deploying the Tigo TS4-A-O optimizer with the CCA Kit,” said Jordi Palet Martinez, solar developer, CEO, and CTO at The IPv6 Company. “Tigo offers great design flexibility, is easy to install, and, as demonstrated by the many neighboring households who followed suit after seeing the results from one installation, offers the kind of smart features which add substantial value for solar customers.”
The initial residential installation for The Ipv6 Company was in Galapagar, near Madrid. This 9.5kW system serves both home and office with a small data center. The terraced roof and shading dynamics of the structure made optimizers the ideal solution for the fifteen 375Wp modules, and the small data center was well suited for a battery. The installation includes two 400Wp and seven bifacial 410Wp solar modules, a replacement hybrid inverter, a 7.5kWh storage system and full deployment of Tigo TS4-A-O with CCA Kit. The Energy Intelligence (EI) software with patented reclaimed energy features has demonstrated that the optimizers provide a 26% performance improvement. To date, the system has inspired 12 more homeowners in the neighborhood to work with Mr. Palet Martinez to go solar.
“This milestone is a reality thanks to the brilliant work done by our network of distribution partners and installers in communicating the tangible benefits of clean and sustainable solar energy and deploying high-quality systems,” said Mirko Bindi, senior vice president of sales and managing director, EMEA at Tigo Energy. “Moreover, this milestone highlights the crucial importance of data monitoring in modern photovoltaic installations. System performance visibility is central to success on multiple levels, whether you are a system owner aiming to optimize energy consumption or an installer with an entire fleet of installations to manage.”
For more information about Tigo MLPE solutions for optimization, module-level monitoring, and rapid shutdown, please read our latest European case study or visit https://www.tigoenergy.com/ts4 for more information about Tigo TS4 Flex MLPE.
About Tigo Energy
Tigo Energy, the worldwide leader in Flex MLPE (Module Level Power Electronics), designs innovative solar power conversion and storage products that provide customers more choice and flexibility. The Tigo TS4 platform increases solar production, decreases operating costs, and enhances safety. When combined with the Tigo Energy Intelligence (EI) platform, it delivers module, system, and fleet-level insights to maximize solar performance and minimize operating costs. The Tigo EI Residential Solar Solution, a flexible solar-plus-storage solution for home installations, rounds out the Company’s portfolio of solar energy technology. Tigo was founded in Silicon Valley in 2007 to accelerate the adoption of solar energy, and its global team supports customers whose systems reliably produce gigawatt hours of safe solar energy on seven continents. Find us online at www.tigoenergy.com.
Gilberto Lembo
European Marketing Manager at Tigo Energy
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Industry leaders collaborate in support of regional vision for a clean-energy ecosystem
PITTSBURGH--(BUSINESS WIRE)--Three additional major energy companies have become members of Appalachian Energy Future (https://appalachianenergyfuture.org), joining a growing list of industrial leaders committed to supporting the development of a regional vision and framework for a broader clean-energy ecosystem in the Appalachian region of Ohio, Pennsylvania and West Virginia. Appalachian Energy Future is aiming its efforts towards educating local & regional leaders and groups on the benefits of tri-state hub development and addressing important policy, regulatory and related topics.
DT Midstream, Southwestern Energy and Williams have joined this alliance that connects companies from the energy, infrastructure and industrial sectors with community leaders and regional stakeholders to support the advancement of an equitable energy transition that can create opportunities for the region to flourish.
“Our alliance provides a common ground for stakeholders to come together and join forces for a successful transition to a clean energy hub that can become a magnet for new industrial development,” said Michael Docherty, executive director of Appalachian Energy Future. “The opportunity to become a national model for a clean-energy ecosystem relies upon all industries working together toward this common goal. I’m excited to expand our collaborative base with these new members.”
DT Midstream (NYSE: DTM) is an owner, operator and developer of natural gas interstate and intrastate pipelines, storage and gathering systems, compression, treatment and surface facilities. The Company transports clean natural gas for utilities, power plants, marketers, large industrial customers and energy producers across the Southern, Northeastern and Midwestern United States and Canada.
Southwestern Energy Co. (NYSE: SWN) is one of the country’s leading natural gas producers, working to responsibly secure the role of natural gas in a lower-carbon future through large-scale asset development in the two premier U.S. natural gas basins.
Williams (NYSE: WMB), one of the largest energy infrastructure companies in the country, has operations across the natural gas value chain, including gathering, processing, interstate transportation, storage, wholesale marketing and trading of natural gas and natural gas liquids. With major positions in top U.S. supply basins, Williams owns and operates more than 30,000 miles of pipelines and handles approximately 30 percent of the nation’s natural gas used every day for clean-power generation, heating, and industrial use.
“The widening expanse of industries committed to nurturing a clean-energy ecosystem is exactly the nexus we need to move the Appalachian region toward a cleaner environment and a more robust economy,” Docherty said.
About Appalachian Energy Future
Appalachian Energy Future (AEF) is an industry-led alliance of companies in the energy, industrial, manufacturing and other sectors, business and community leaders, and others who have come together to advance and drive interest in a regional hub for hydrogen and carbon capture, utilization and storage in the Ohio, Pennsylvania and West Virginia tri-state area.
Alliance members include DT Midstream, EQT Corp., Equinor, GE Gas Power, Marathon Petroleum (including its affiliate MPLX), Mitsubishi Power, Shell Polymers, Southwestern Energy, U. S. Steel and Williams.
For more information on Appalachian Energy Future, please visit AppalachianEnergyFuture.org.
Michael Docherty
Executive Director, IN-2-Market
(412) 275-0349
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https://appalachianenergyufuture.org
Cadmatic has acquired the entire share capital and product portfolio of Italian software company Computer Line Associates (CLA). The acquisition supports Cadmatic’s growth goals, strengthens its market position in the process and power industries, and adds new solutions to the marine and building industries. CLA’s SaaS-based material and construction management software and engineering data management solutions complement Cadmatic’s CAD applications and information management solutions and will be offered as part of Cadmatic’s integrated product offering.
MILAN--(BUSINESS WIRE)--#BuildingIndustry--The acquisition is a further step in fulfilling Cadmatic’s strong growth strategy, which sees the company more than tripling its size in coming years.
EPC contractors and plant owner-operators use CLA’s software to manage piping materials and piping supports, construction sites, multidisciplinary engineering data, online tenders, project planning and plant welding. CLA was established in 2001 and employs 22 staff at its office in Piacenza, 70 km south of Milan.
“CLA is a perfect strategic fit for us. They have impressive references, especially in the key area of multinational EPC companies and our offerings have no overlapping functionalities. By integrating CLA’s materials and construction management products with Cadmatic’s design, engineering, and information management solutions, we can offer integrated and advanced functionality and a one-stop-shop to benefit our customers from design to construction and beyond. In addition to the products and customer base, we also gain access to the extensive material and construction management knowledge they have developed over the years,” says Cadmatic CEO Jukka Rantala.
CLA COO and deputy CEO Gian Mario Tagliaretti also sees the acquisition as a win-win situation.
“When you combine Cadmatic and CLA, you get something greater than the sum of its parts. Cadmatic has traditionally been strong in plant, marine and building design, CLA have general engineering data management applications. Together we form a comprehensive package. CLA have developed a very strong market position in Italy-based multinational industrial companies, but Cadmatic’s large global network means that the integrated solution can be more successful internationally, we make the perfect team,” says Tagliaretti.
Cadmatic’s growth strategy envisages a strong position in the European and Indian process and power industries, in the global marine business, and in the locally growing building industry. CLA is the fourth significant technology-based acquisition for Cadmatic in recent years. According to Rantala, organic growth and a high level of in-house R&D and competence, as well as mergers and acquisitions will assist the company in creating top value for its existing and new customers.
“Last year, our Process and Industry segment grew by over 30%. We are growing organically, but strategic mergers and acquisitions, such as with CLA, are also a cornerstone of our strategy. We are continuously looking for companies that are good strategic fits for our offering and customers”.
Rantala says that the acquisition is strategy-driven and the result of Cadmatic listening to its customers, being good partners, and providing customers with the software functionality they request.
“When we see a clear customer need, we either develop the functionalities, products and services ourselves or look at acquiring it outside the company,” Rantala adds.
About Cadmatic
Cadmatic is a leading developer of digital and intelligent 3D design and information management software solutions for the power, process, marine, and construction industries. It empowers engineers to build a brighter future and a better world by making the design, engineering, construction and operation of ships, industrial plants and buildings better, faster and easier. Cadmatic has over 6000 customer organizations in 60 countries.
About CLA
CLA’s mission is to provide innovative software solutions and services to EPC contractors and owner-operators that operate the world's infrastructure. CLA’s success has been built on long-term relationships with its customers. This ensure that CLA’s product development strategy satisfies its customers' changing needs.
Jukka Rantala
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tel. +358 40 528 7130
Gian Mario Tagliaretti
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+39 329 2326658
Operators to Test Electric Vehicles in the Permian Basin
HOUSTON--(BUSINESS WIRE)--#EV--Merge Electric Fleet Solutions announces a new pilot program to deploy fully-electric Ford F-150 Lightning trucks in the Permian Basin area. The Midland Pilot Program is the first of its kind for the region and will enable oil and gas operators and service companies to test fully-electric pickup trucks, determine how they will meet drivers’ needs and confidently build a fleet electrification plan.
Beginning this week, qualified oil and gas companies will be able to sign up for two Ford F-150 Lightnings for a 31-day rental, which includes access to a charging hub in the Midland-Odessa area. Participating companies will also receive Merge’s EVSNAPSHOTTM, a proprietary analysis and summary of their existing fleet telematics data. Customers will quickly see the results of the pilot program as well as gain insights into current fleet utilization and potential emissions reduction opportunities.
Glen Stancil, CEO of Merge, explains, “It’s not realistic to replace 100% of the trucks in a corporate fleet immediately, especially in a geographic area as big as the Permian Basin. However, a pilot program like this one will help oil and gas companies focus on the routes, drivers and vehicles in their fleets that are ready to be fully electric.
“With the oil and gas industry actively embracing the benefits of electrifying many of its field operations, we believe the time is ripe to help those same companies evaluate their corporate fleets,” notes Stancil. “Electric pickups like the F-150 Lightning offer impressive performance that we believe will resonate with drivers.”
Merge launches the pilot this week, beginning with a pop-up demonstration at the Daniel Energy Partners' 5th annual Permian Basin BBQ Cook-off.
About Merge Electric Fleet Solutions
Merge is a fleet electrification service and finance company. Our mission is to deliver the economic, environmental and experiential benefits of fleet electrification in comprehensive solutions that are simple, affordable and scalable. The Merge team brings decades of EV experience from designing, delivering and operating integrated charging solutions for commercial and residential applications on L2 and DC platforms at thousands of sites all around the U.S. To learn more about Merge and its fleet electrification capabilities, visit www.mergefleet.com and follow us on LinkedIn.
Jennifer Petree / Tina Tallant
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713.269.3776
SAN DIEGO--(BUSINESS WIRE)--The United States needs to cut carbon emissions 40% in the next eight years, according to both the recently passed Inflation Reduction Act and anyone following the impact of climate change on our planet. The best way to make those aggressive cuts is to transition from carbon-intensive energy sources to clean energy. However, in order to make this transition, decision makers must have confidence in the capabilities of the technologies and the financial viability of the project. Part of this process is the gathering of extremely accurate data from the utility which can help designers determine the energy needs of the building down to each hour of each day.
To expedite this process, Xendee, a provider of design and decision support software for microgrids, has integrated with UtilityAPI, a provider of interval load and general utility data for metered sites, to create a faster way for engineers to integrate the historical load data directly from the utility provider.
“We can all feel the opportunity passing us by. In the past, it could take a project engineer hours of work (and wait times of up to a month) to manually request and compile the energy data for one simple project. The entire process was error-prone, slow and deeply wasteful of the time of skilled — and expensive — engineers,” said Devin Hampton, CEO of UtilityAPI. “Now that Xendee has integrated our service into their product, their customers will be able to more quickly access accurate, standardized data that helps them implement their lower carbon emissions innovations even faster.”
The combined system, already in use by existing UtilityAPI and Xendee client AlphaStruxure, a provider of Energy-as-a-Service and a joint venture of Carlyle Group and Schneider Electric, will allow engineers to easily and swiftly load advanced load data from UtilityAPI directly into Xendee projects. This accelerated process will provide customers with an understanding of how to lower utility costs through renewable energy involvement and provide a highly accurate view of time and seasonal-based usage.
"As an Energy-as-a-Service provider who designs bespoke microgrid solutions, access to historical electrical data is essential. UtilityAPI's tool has allowed us to do that in a safe and secure way, but the data must still be implemented into the design," said Maeve Lawniczak, Solutions Architect at AlphaStruxure. "Consequently, with the new integration provided by UtilityAPI and Xendee, our Solutions Architects can maximize the value of their time and design solutions rapidly without leaving the Xendee platform or interrupting their workflow."
Though challenging to locate for many sites, load data is one of the critical parts of any microgrid model design. Through the integration with UtilityAPI, users have access to a connected, streamlined system that allows them to see more significant time reduction and cost savings and have the ability to make decisions based on accurate historical data of their usage.
“The integration of UtilityAPI into Xendee’s software will give users clarity and control of load data in a single platform that will reduce design times and costs,” said Zack Pecenak, lead engineer of Xendee. “Our goal is to offer a one-stop solution that makes the microgrid and DER design process more seamless. By implementing software solutions such as this, we are one step closer to unlocking more resilient and reliable energy sources, which have become more important than ever with the rise of natural disasters and disturbances to the grid.”
The use of UtilityAPI's integration in Xendee will require a paid account with UtilityAPI and a Xendee license. After creating a UtilityAPI account, users can immediately access and import load and interval data downloaded from their UAPI account directly into the Xendee microgrid project.
In addition to this feature, Xendee continues to expand its feature list and talent pool, having recently closed $12 million in Series A funding to accelerate the deployment of its net-zero DER systems and EV charging infrastructure. Additionally, in March of this year, Xendee announced a project with Idaho National Laboratory's Net-Zero Microgrid Program to implement an environmentally and financially sustainable zero-carbon microgrid in Puerto Rico.
About Xendee Corporation
Xendee brings unparalleled speed and sophistication for project decision support, planning, design, resilience, and real-time operation. We serve government and private entities who share our mission for a cleaner planet, and for our contributions we received the 2021 Edison Gold Award for Critical Human Infrastructure. Contact us to learn about how we can help you rapidly generate and compare complete bankable solutions with confidence and identify the best opportunities for you to meet your scope 1 & 2, and Net-Zero commitments.
About UtilityAPI
UtilityAPI provides the fast, easy, secure energy data that everyone in the new energy economy needs. Our customers — utilities, clean energy companies, and other technology providers — use us every day to exchange energy usage data. Customers rely on UtilityAPI data for feasibility analyses, quote generation, asset management, and measurement and verification. UtilityAPI is building the data network for a cleaner, more resilient energy sector. For more information, please visit https://utilityapi.com/.
About AlphaStruxure
AlphaStruxure delivers customized Energy as a Service solutions that transform sustainability, resilience and reliability into a strategic advantage. Serving energy-intensive private and public sector organizations, AlphaStruxure brings together technical, financial and contractual innovation to meet customers’ current and future energy needs without capital expenditure. AlphaStruxure’s mission is to be the trusted partner in energy transformation, combining Schneider Electric’s industry-leading smart energy management and automation technologies with The Carlyle Group’s comprehensive structuring and financing capabilities. For more information, visit www.AlphaStruxure.com.
Jake Wengroff
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408-806-9626 Ext. 6816
CHICAGO & LONDON--(BUSINESS WIRE)--#AirTransport--Labelmaster, the International Air Transport Association (IATA) and Hazardous Cargo Bulletin announced the results of their seventh annual 2022 Global Dangerous Goods Confidence Outlook. The survey results underscored the need for greater process consistency, increased automation and more reliable data to facilitate the safe and secure transport of dangerous goods (DG).
“Global supply chain disruptions have put even more pressure on those professionals and companies responsible for shipping goods safely and compliantly,” said Robert Finn, Vice President, Labelmaster. “While there are many areas of improvement over the last year, the survey demonstrated widespread awareness of the need to improve DG processes, training, technology and infrastructure.”
“The air transport industry handles over 1.25 million DG shipments per year,” said Nick Careen, IATA’s Senior Vice President Operations, Safety and Security. “The growth of e-commerce and proliferation of lithium batteries in global supply chains are two indicators that the number of DG shipments will grow. To handle them safely, we must further improve compliance with global standards. Almost any item can be shipped safely, provided we have well-trained professionals following globally agreed standards and supported by the right technology and infrastructure.”
Key Findings and Recommendations
There is a solid foundation for compliance.
There is awareness that critical improvements are needed.
Confidence in key aspects of DG handling hovered around 50%, pointing to areas for improvement.
Most respondents (67%) indicated that their organization was prepared to handle DGs at most or all of their locations. Top priorities were identified as:
Four key recommendations come from the survey:
“The survey shows that it is critical for organizations to assess their DG operations and identify processes, infrastructure gaps and areas of opportunities. The good news is that making meaningful improvements does not have to be difficult or require significant investment,” said Finn.
Careen added, “Companies do not have to reinvent the wheel. IATA has digital solutions to improve compliance. DG AutoCheck, for example, automates the complex and time-consuming manual task of checking that each shipper’s declaration is compliant and the package(s) are correctly, marked, labelled and packaged, which improves efficiency. This streamlines processes and enhances safety.”
To learn more about the state of the global DG supply chain, download the full infographic: https://www.labelmaster.com/dg-confidence-outlook/2022-results.
About the Survey
Sponsored by Labelmaster, the International Air Transport Association (IATA) and Hazardous Cargo Bulletin, 439 DG professionals from around the world were surveyed about how their organization’s DG management operations changed over the past year and which areas are most problematic. The survey was conducted between 12 May and 30 June 2022.
About Labelmaster
For more than five decades, Labelmaster has been the go-to source for companies – big and small – to navigate and comply with the complex, ever-changing regulations that govern the transport of dangerous goods and hazardous materials. From hazmat labels and UN-certified packaging, hazmat placards and regulatory publications, to advanced technology and regulatory training, Labelmaster’s comprehensive offering of industry-leading software, products, and services helps customers remain compliant with all dangerous goods regulations, mitigate risk and maintain smooth, safe operations. Labelmaster's dedication to supporting its customers' operational and compliance needs is enhanced through its unmatched industry expertise and consulting services, which serve as a valuable resource for customers to answer difficult and commonplace regulatory questions. Whether you're shipping hazardous materials by land, air, or sea, Labelmaster is your partner in keeping your business ahead of regulations and compliant every step of the way. To learn more, visit www.labelmaster.com.
About IATA
IATA (International Air Transport Association) represents some 290 airlines comprising 83% of global air traffic. You can follow IATA at twitter.com/iata for announcements, policy positions, and other useful industry information.
For more information, please contact:
Corporate Communications
Tel: +41 22 770 2967
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Stephen Dye
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