To accelerate the clean energy transition, Cemvita taps existing oil and gas infrastructure to produce clean hydrogen at $1/kg using subsurface microbes
HOUSTON--(BUSINESS WIRE)--#EnergyTransition--Cemvita Factory (“Cemvita”) today announced multiple developments with its Gold Hydrogen business. After achieving a key milestone in microbe performance required to produce hydrogen at $1/kg in the lab, Cemvita successfully completed a field pilot program with positive results. Following successful field trial results, Cemvita has created a wholly owned subsidiary for the Gold Hydrogen business, Gold H2 LLC (“GH2”), and subsequently raised and closed funding into the entity, led by founding investors Chart Industries and 8090 Industries.
Cemvita defines Gold Hydrogen as the biological production of hydrogen in the subsurface through the consumption of trapped or abandoned resources. Gold Hydrogen is a novel source of carbon neutral hydrogen produced from depleted oil reservoirs that are ready for plug and abandonment, extending the life of wells that would otherwise be a significant burden.
“We’ve long held a firm belief in the role biology can play in the energy industry,” said Rayyan Islam, Co-Founder and General Partner at 8090 Industries. “8090 Industries is thrilled to be a founding investor in supporting Cemvita’s spin out initiative Gold H2, which is pioneering a new dawn for the energy industry. We have incredible conviction in next-generation, clean hydrogen production methods that leverage the vast and sprawling existing infrastructure and know-how of the oil and gas industry. It turns out, this approach leads to the lowest possible cost of hydrogen production today and the largest players in the energy and industrial sector have taken serious notice.”
Cemvita scientists increased microbe performance by six and a half times the rate needed to produce hydrogen at $1/kg, a key milestone necessary to advance the program toward commercialization. The subsequent field trial was completed in the Permian basin with a partnering company, where the team successfully measured hydrogen concentrations three orders of magnitude above baseline.
“In a very short time frame, we moved our microbes from the lab to the field. The hydrogen production in this trial exceeded our expectations,” said Zach Broussard, Director of Gold H2 at Cemvita. “As we continue to use hydrogen producing microbes downhole, we anticipate we can achieve rates that will translate to hydrogen production at $1/kg or less.”
Traditional methods of producing hydrogen without greenhouse gas emissions (green hydrogen) include electrolysis powered by renewable sources like wind, solar, or hydro. According to recent studies, the global green hydrogen market size was valued at USD 0.3 Billion in 2020. It is growing at a CAGR of 54.7% from 2021 to 2028 and is projected to reach USD 9.8 Billion by 2028.
Green hydrogen production, however, is energy intensive and expensive. According to a report from S&P Global Commodity Insights, “the cost of electrolytic hydrogen from renewable energy spiked as high as $16.80/kg in late July [2022].” Because Cemvita plans to utilize existing infrastructure for thousands of depleted oil and gas wells to produce cheap, clean, carbon free hydrogen, the technology has the potential to be transformational in the energy transition.
“Chart Industries is proud to partner with Cemvita on their Gold Hydrogen activities,” said Jill Evanko, Chart Industry’s CEO and President. “The commercialization and economics of the hydrogen economy will require technologies that produce the hydrogen molecule at a meaningful scale with no carbon emissions. Gold H2 is leading the charge, and we are thrilled with the results of their successful field trial.”
Following successful milestones in the lab and in preparation for commercialization, Cemvita elected to create Gold H2 as a way to commercialize the business through a mixture of licensing, JV structures, and outright ownership of hydrogen producing assets. Charles Nelson, Chief Business Officer of Cemvita, says, “By deploying the business through the flexible subsidiary route, we can effectively maximize the commercial value of the program back to the parent company, Cemvita, through both licensing and enterprise value growth.”
About Cemvita Factory
Cemvita Factory is on a mission to reimagine the heavy industries such as oil & gas and mining for the net-zero economy. This is done through the sustainable extraction of natural resources, carbon negative production of chemicals, and closed-loop renewal of waste as feedstock.
Visit www.cemvitafactory.com for more information.
To learn more about Gold Hydrogen, please visit www.goldhydrogen.com
Ali Haider
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361-793-1039
HOUSTON--(BUSINESS WIRE)--Helix Energy Solutions Group, Inc. (“Helix”) (NYSE: HLX) announced today that its Board of Directors (the “Board”) has appointed Diana Glassman and Paula Harris as new directors.
William L. Transier, Chairman of the Board, stated, “We are pleased to welcome both Diana and Paula to the Helix Board of Directors. The wealth of experience our two new Board members have will bring valuable perspectives to our Board. Helix remains committed to board refreshment and diversity initiatives, and the appointments of our new directors are the result of an extensive search process that began months ago. The additions of Diana and Paula to the Helix Board are designed to ensure we have the right mix of diverse skills and experience to execute our strategy and reflect the views of Helix’s shareholders, employees and customers.”
Ms. Glassman, 55, since December 2019 has been Director-Engagement at EOS at Federated Hermes, a leader in the evolving field of responsible investing, leading their Oil & Gas and co-leading their Technology sector engagements and spearheading engagement on diversity, equity and inclusion with a focus on business strategy, capital allocation and ESG considerations. Ms. Glassman sits on Federated Hermes Limited’s Inclusion Committee and is Chair of its employee networks. Between July 2014 and December 2019 Ms. Glassman was Chief Executive Officer of Integration Strategy, Inc., a strategy consulting firm advising leaders of companies, private equity firms and government entities primarily in energy and infrastructure, and previously held positions of increasing responsibility at TD Bank Group, Credit Suisse and PricewaterhouseCoopers. Ms. Glassman holds a Bachelor of Science degree in Biology, magna cum laude and with Distinction in the major, from Yale University, an M.P.A. in International Development from Harvard Kennedy School, and an M.B.A. from Harvard Business School.
Ms. Harris, 58, currently is on the executive leadership team at the Houston Astros serving as Senior Vice President of Community and overseeing the Houston Astros Foundation. Ms. Harris has over 34 years of experience in international oilfield services with Schlumberger Limited (NYSE: SLB), most recently serving as Director of Global Stewardship from 2015 until her retirement in 2020. Prior to such role at Schlumberger Ms. Harris served in a variety of roles of progressing leadership responsibility, initially having worked in field operations offshore before roles in training, sales and environmental-social sustainability, including leading the development and implementation of metrics-based, cost-efficient environmental programs tailored to meet the needs of stakeholders, communities and customers and aiding the delivery of the long-term sustainable development goals in carbon reduction, energy efficiency, increased green technology sales and increased female and minority employees. Ms. Harris currently serves on the boards of directors of Hunting PLC (LSE: HTG), a manufacturer and provider of downhole metal tools and components to the oil and gas industry, and Chart Industries, Inc. (NYSE: GTLS), a global manufacturer of engineered equipment servicing multiple applications in the clean energy and industrial gas markets, as well as other privately held and non-profit boards. Ms. Harris holds a Bachelor of Science degree in petroleum engineering from Texas A&M University and a Master of Education degree in technical instruction and learning from Abilene Christian University.
Ms. Glassman will serve as a Class II director whose term will expire at Helix’s 2024 Annual Meeting of Shareholders. Ms. Glassman also was appointed by the Board to serve on the Board’s Corporate Governance and Nominating Committee. Ms. Harris will serve as a Class III director whose term will expire at Helix’s next Annual Meeting of Shareholders. Ms. Harris also was appointed by the Board to serve on the Board’s Compensation Committee.
About Helix
Helix Energy Solutions Group, Inc., headquartered in Houston, Texas, is an international offshore energy services company that provides specialty services to the offshore energy industry, with a focus on well intervention and robotics operations. For more information about Helix, please visit our website at www.helixesg.com
Erik Staffeldt, Executive Vice President and CFO
email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Ph: 281-618-0465
Munich plugfest assembles MIPI I3C and I3C Basic implementers for initial to advanced interoperability testing
PISCATAWAY, N.J.--(BUSINESS WIRE)--#MIPI--The MIPI Alliance, an international organization that develops interface specifications for mobile and mobile-influenced industries, announces the successful completion of a MIPI I3C Interop Workshop testing event in Munich.
The June 13-14 plugfest, which coincided with MIPI’s 60th member meeting, engaged 16 MIPI I3C/I3C Basic implementers from seven companies in a range of interoperability testing (from initial to advanced) for their innovations. Interoperability between multi-vendor controller and target devices was tested in a confidential environment with a mix of electronics manufacturers, including both MIPI members and nonmembers, illustrating a broad range of applications and a commitment to the MIPI I3C interface. Binho LLC, Intel Corporation, Introspect Technology, Prodigy Technovations Pvt. Ltd., Robert Bosch S.p.A., and STMicroelectronics were among the companies to participate in the workshop.
MIPI I3C is a scalable, intelligent utility and control bus interface for connecting peripherals to an application processor, giving developers unprecedented opportunities to craft innovative designs for an array of products—smartphones, personal computers, wearables, IoT devices, systems in automobiles and other devices. Designed as the successor to I2C, I3C incorporates key attributes of the traditional I2C and SPI interfaces to provide a high-performance, very-low-power solution with backward compatibility and a robust, flexible upgrade path.
The MIPI I3C specification is available to MIPI members, while the publicly available, royalty-free MIPI I3C Basic is a subset of I3C that bundles the most commonly needed I3C features for developers and other standards organizations. MIPI I3C Basic has been adopted into JEDEC's Sideband Bus and DDR5 standards, and in June, MIPI and ETSI Technical Committee Secure Element Technologies (TC SET) announced the adoption of I3C Basic as a physical and logical link layer for the ETSI Smart Secure Platform (SSP).
“Interoperability testing early in the design cycle is crucial to reducing time to market and ensuring seamless functionality among multi-vendor devices in deployment,” said Sanjiv Desai, chair of MIPI Alliance. “Events such as the MIPI I3C Interop Workshop are so important because they help companies optimize the manufacturability of their designs, avoid deployment issues and deliver higher-quality products upon which their customers can rely from day one.”
Additional plugfest opportunities are planned in conjunction with future in-person MIPI Alliance member meetings.
To keep up with MIPI Alliance, subscribe to the MIPI blog and stay connected by following MIPI on Twitter, LinkedIn, Facebook and YouTube.
Quotes from MIPI I3C Interop Workshop Participants
"The MIPI I3C Interop Workshop provided us with an incredible opportunity to not only validate the technical implementation of our I3C Basic protocol analyzer, but also to have a hands-on session with the experts working at the forefront of I3C. Getting their feedback was invaluable to further refine our solution," said Jonathan Georgino, founder of Binho LLC. "The collaborative spirit among the workshop attendees was inspiring—engineers from industry competitors sitting down together to solve technical challenges will further advance widespread I3C adoption."
"It was exciting to see everybody working together at the MIPI I3C Interop Workshop and solving problems creatively," said Matthew Schnoor, debug architect with Intel Corporation. "I enjoyed being a part of the collaboration and providing support to plug-in questions or pointing out different specification sections to help participants find solutions."
"Introspect's team is always committed to driving MIPI specification development, and we were thrilled to participate at the member meeting in Munich this past June," said Mohamed Hafed, Ph.D., CEO of Introspect Technology. "Contributing to the MIPI I3C Interop Workshop allowed us to verify the interpretations of the specifications along with our peers and their wide variety of devices. With a rich roadmap of specifications, we're excited about the future of MIPI!"
"Time to market is the key for any company to make a space for itself in the fast-growing technology market, and interoperability testing is crucial to rectifying design issues at the initial phase of development," said Brijesh A. Chandrala, senior technical lead with Prodigy Technovations Pvt. Ltd. "The MIPI I3C Interop Workshop helped us to verify our latest features and functionality with different companies at an early stage in a confidential environment. Participating in all of the MIPI I3C interop workshops since 2017 has helped us make our test and measurement products better and more accurate."
"This workshop was a great opportunity to see how MIPI I3C is becoming an increasingly adopted protocol and also understand how much progress other companies have made in implementing it," said Franco Alessandro Brucato, ASIC digital design engineer with Robert Bosch S.p.A. "But the best part was, without a doubt, working side by side with well-prepared colleagues from other companies and learning from them. I hope there are more events like this in future."
"Interop plugfests are great for ensuring interoperability among new device prototypes from a broad range of vendors," said Eyuel Zewdu Teferi, senior hardware design engineer with STMicroelectronics and vice chair of the MIPI I3C Basic Ad Hoc Working Group. "As the first in-person MIPI I3C activity in two years, it was highly anticipated and allowed us to exchange experiences with other companies involved in I3C implementation and validating solutions. STMicroelectronics brought several new products, and by validating our products with Conformance Test Suite (CTS) solutions provided by other contributors, the products all successfully passed the interoperability tests. We eagerly anticipate future interoperability events and hope more attendees will join, as these events are now open to both members and nonmembers to help them validate their solutions by directly interacting with other I3C implementers."
About MIPI Alliance
MIPI Alliance (MIPI) develops interface specifications for mobile and mobile-influenced industries. There is at least one MIPI specification in every smartphone manufactured today. Founded in 2003, the organization has over 350 member companies worldwide and more than 15 active working groups delivering specifications within the mobile ecosystem. Members of the organization include handset manufacturers, device OEMs, software providers, semiconductor companies, application processor developers, IP tool providers, automotive OEMs and Tier 1 suppliers, and test and test equipment companies, as well as camera, tablet and laptop manufacturers. For more information, please visit www.mipi.org.
MIPI® and I3C® are registered trademarks owned by MIPI Alliance. I3C BasicSM is a service mark of MIPI Alliance.
Press:
Becky Obbema
Interprose for MIPI Alliance
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Collaboration Combines Industry Leading IoT Platforms to Enhance Value for Utilities and Consumers
LIBERTY LAKE, Wash.--(BUSINESS WIRE)--#DistributedIntelligence--Itron, Inc. (NASDAQ: ITRI), which is innovating the way utilities and cities manage energy and water, and SmartThings, Inc. are working together to provide an integrated energy experience by connecting Itron’s industrial IoT (IIoT) network solution and SmartThings’ services and solution. The companies plan to combine their industry leading IoT platforms to allow utilities to unlock the user experience and rapidly enhance value to both the consumer and the utility through improved distributed energy management, accelerated carbon reduction and enhanced consumer engagement.
The collaboration will combine Itron’s proven distributed intelligence (DI) ecosystem, which features millions of connected endpoints, with SmartThings Energy service1 to provide real-time energy readings and consumption patterns to improve energy management and conservation. The combined solution, which will support multiple connectivity options, will bring together participating consumers’ real-time consumption data from their meter, behind the meter assets and appliances all within the SmartThings Energy, giving the consumer a complete picture of their energy consumption.
Consumers that opt into their utility’s program will gain greater visibility into their energy use and reduce their usage while enabling utilities to improve overall grid management and visibility as well as advance carbon reduction goals. For example, utilities will be able to enhance their demand response (DR) programs with AI Energy Saving mode combined with high-fidelity real-time data from Itron’s IIoT solution to initiate DR events for participating consumers, reducing the energy load of their appliances.
Benefits of the collaboration include:
More details and information about Itron and Samsung SmartThings’ collaboration will be available soon.
“We are excited to join forces with Samsung SmartThings to drive the future of IoT, combining Itron’s unequaled track record of success in delivering utility outcomes with SmartThings’ expertise in consumer engagement,” said Don Reeves, senior vice president of Outcomes at Itron. “Combining two industry leading platforms is a game changer for energy management. This collaboration will significantly accelerate consumers’ understanding of their energy use, combining information from smart energy devices such as Samsung appliances, electric vehicles, solar panels, heat pumps, thermostats and more. Our goal is to enable consumers to optimize their use of green, renewable energy and reduce their carbon footprint.”
“With this collaboration, we are enabling consumers to make smarter decisions about their energy use. Integrating Itron’s IIoT solution with the SmartThings Energy application will not only make it easier for utilities to inform their customers on their energy consumption, it will also make it easier for consumers to take advantage of energy savings opportunities in their smart appliances,” said Chanwoo Park, EVP & Head of IoT Biz Group, Samsung Electronics. “We are thrilled to collaborate with Itron as this not only conserves energy but also aligns with our customers’ goals of achieving net-zero carbon households.”
About Itron
Itron enables utilities and cities to safely, securely and reliably deliver critical infrastructure solutions 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 working 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 us: 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.
About SmartThings
SmartThings is the premier technology enabling connected living and driving the future of IoT. Its open platform already supports thousands of devices across hundreds of brands and offers endless possibilities to innovators and developers seeking seamless connectivity in a vast IoT ecosystem. The company is committed to bringing simple, smart functionality to provide unifying experiences that inspire people to make a difference in their everyday lives. There are currently millions of people in more than 200 countries accessing SmartThings technology daily to create automations and control facets of their smart homes via the SmartThings App and through a range of Samsung products such as phones, TVs, and digital appliances. SmartThings offers the most flexible amount of protocols, including the new IoT standard, Matter. Launched in 2012, SmartThings is headquartered in Mountain View, CA and is a founding board member of Connectivity Standards Alliance, an organization of hundreds of companies creating, maintaining, and delivering open, global standards for the IoT. For more information, please visit www.smartthings.com.
_____________________________
1 Available on Android and iOS devices. A Wi-Fi connection and a Samsung account are required
Itron, Inc.
Alison Mallahan
Senior Manager, Corporate Communications
509-891-3802
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RIDGEWOOD, N.J.--(BUSINESS WIRE)--Scale Microgrid Solutions LLC (“Scale”) is excited to announce and welcome Chris Cantone as their new Chief Revenue Officer. This newly created leadership position will take advantage of Chris’ 25+ years of leadership experience to further drive sales and growth across the business.
Scale is continuing to grow at an exponential pace as they deploy both microgrids and capital across the country.
Chris has played an integral role in building two major players in the distributed energy industry. From 2008 - 2016 he was an executive member and the Chief Sales and Marketing Officer at CPower, where he helped turn an idea into the country's largest demand-side energy solutions provider with over 5 GWs of load under management.
Subsequently, Chris ran the C&I team at SunPower for the last 5 ½ years during which time he orchestrated an impressive turnaround that was cemented when Total acquired that business unit for $250M+ earlier this year.
“Chris is an amazing addition to the Scale team, and I can’t wait to see him in action. The company is growing at a rapid pace, helping us to attract the very best minds in the industry,” says Ryan Goodman, co-founder and Chief Executive Officer. “We’re confident he will hit the ground running, and further help bring the company’s vision of ‘powering the world with distributed energy’ to a reality.”
“Scale’s position in the market is ripe for the type of acceleration that I’m excited to take part in,” says Chris. “Due to recent investments in the renewable space, we are at an inflection point where customers can choose to meet their sustainability goals and take advantage of Scale’s microgrid solutions providing cheaper, cleaner and more reliable power. They have put together a team of the top players in the space and made an impressive name for themselves in this industry. I’m looking forward to joining such a passionate team.”
About Scale Microgrid Solutions: Scale is a vertically integrated distributed energy platform, with a core focus of designing, building, financing, owning and operating cutting-edge distributed energy assets that offer cheaper, cleaner, and more resilient power. Their team of energy and financing experts accelerate growth in distributed energy projects by providing financing to technology providers, energy developers, and OEMs, while also directly helping large energy-consuming customers to take charge of their energy infrastructure and future-proof their businesses.
Media:
Nicole Green
Director, Marketing and Branding
Scale Microgrid Solutions
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401-595-3020
HOUSTON--(BUSINESS WIRE)--Sunnova Energy International Inc. ("Sunnova") (NYSE: NOVA), one of the leading Energy as a Service (EaaS) providers, announced today it will release its third quarter 2022 results after the markets close on October 26, 2022, to be followed by a conference call to discuss the results at 8:00 a.m. Eastern Time on October 27, 2022.
The conference call can be accessed live over the phone by dialing 844-200-6205, or for international callers, 929-526-1599. The access code for the live call is 212518.
Interested investors and other parties may also listen to a simultaneous webcast of the conference call by logging onto the Investor Relations section of Sunnova’s website at https://investors.sunnova.com.
About Sunnova
Sunnova Energy International Inc. (NYSE: NOVA) is a leading Energy as a Service (EaaS) provider with customers across the U.S. and its territories. Sunnova's goal is to be the source of clean, affordable and reliable energy with a simple mission: to power energy independence so that homeowners have the freedom to live life uninterrupted®.
For more information, visit www.sunnova.com, follow us on Twitter @SunnovaEnergy and Instagram @SunnovaEnergy .
Investor & Analyst Contact
Rodney McMahan
Vice President, Investor Relations
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(281) 971-3323
Press & Media Contact
Alina Eprimian
Director, Communications
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Aims to bring more U.S. semiconductor manufacturing and advance MEMS R&D leadership, improve pathway from research to manufacturing
IRVINE, Calif.--(BUSINESS WIRE)--#5g--Menlo Microsystems, Inc. (Menlo Micro), the company known for reinventing the electronic switch with its Ideal Switch® technology, today announced that it has joined the American Semiconductor Innovation Coalition (ASIC) in its effort to ensure that the funding provided through the historic CHIPS and Science Act will be effectively employed to advance U.S. semiconductor R&D leadership and improve the pathway from research to manufacturing.
As a member of ASIC, Menlo Micro will look to build on existing partnerships with ASIC members Purdue University and SUNY Polytechnic Institute to strengthen America’s STEM workforce and ensure top tech talent remains in the U.S.
Menlo Micro’s leadership in creating next-generation electrical components will be invaluable as the country seeks to invest more heavily in transformative technologies and bolster domestic chip manufacturing and supply chains. Leveraging advances in materials science and MEMS technology, Menlo Micro’s Ideal Switch delivers unprecedented power, efficiency, and speed at a fraction of the size and weight of traditional switching technologies.
“Menlo Micro is proud to join ASIC and its members in the pursuit of strengthening U.S. tech leadership,” said Russ Garcia, CEO of Menlo Micro. “ASIC’s work to create tech hubs and bolster U.S. supply chains for our future economic prosperity and national security perfectly aligns with our goal to onshore manufacturing of Menlo Micro’s Ideal Switch technology to help strengthen America’s tech supply chains and facilitate the electrification of everything.”
Joining ASIC’s growing membership of companies, universities, startups and nonprofits, Menlo Micro will advocate for an efficient and effective innovation hub of the National Semiconductor Technology Center (NSTC) and National Advanced Packaging Manufacturing Program (NAPMP) funded through the CHIPS and Science Act. ASIC recently expanded its membership to include representatives from all stages of the chipmaking supply chain, and Menlo Micro will be joining fellow innovators and technology leaders including NVIDIA, DuPont and GlobalFoundries, which join Analog Devices, IBM, Microsoft, Micron, MIT, Synopsys and others to advance U.S. semiconductor R&D leadership.
“Pursuing an initiative like the NSTC requires a network of leading thinkers and innovators in semiconductor technology,” said Dr. Douglas Grose, spokesperson for ASIC. “We’re excited to welcome Menlo Micro to ASIC as a key representative of MEMS technology and the expertise they bring to the coalition as we work to strengthen U.S. tech leadership for generations to come.”
About the Ideal Switch
The Ideal Switch is the electronic industry’s Holy Grail – a device that delivers all the benefits of a mechanical relay and a semiconductor switch, with no compromises. The Ideal Switch is tiny, fast, reliable, withstands extreme temperatures, is ultra-low loss and can handle 1,000s of Watts. Most importantly, it is manufactured using conventional semiconductor equipment.
According to Adroit Market Research, the global electrification market is experiencing tremendous growth, projected to reach $128 billion by 2028. The Ideal Switch is transforming the electrification of everything by increasing energy efficiency of the entire legacy electric infrastructure, upgrading 100-year-old relay technology with a microelectromechanical (MEMS) switch.
About Menlo Micro
Menlo Micro is on a mission to create a more energy efficient and sustainable world, with an entirely new category of electronic switches. The Ideal Switch eliminates compromises and tradeoffs by combining the benefits of electromechanical and solid-state switches into the best of both worlds. Menlo is bringing more than 99 percent reductions in size, weight, power, and cost to dozens of industries such as medical, aerospace and defense, telecommunications, consumer electronics, industrial IoT, and test and measurement. For more information, visit menlomicro.com or follow the company on LinkedIn and Twitter.
About the American Semiconductor Innovation Coalition
The American Semiconductor Innovation Coalition (ASIC) represents more than 100 businesses, startups, universities and nonprofits dedicated to bringing the best research and development to the National Semiconductor Technology Center and the National Advanced Packaging Manufacturing Program. Learn more about ASIC and its members at http://asicoalition.org.
Menlo Micro and the Ideal Switch are registered trademarks of Menlo Microsystems, Inc. All other trademarks used herein are the property of their respective owners.
Jeremy Hyatt
Green Flash Media
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HAMILTON, Bermuda--(BUSINESS WIRE)--Valaris Limited (NYSE: VAL) (“Valaris” or the “Company”) today announced that Matt Lyne has commenced his role as Senior Vice President and Chief Commercial Officer, having been appointed to the role in late May.
Matt Lyne previously served as Chief Commercial and Strategy Officer of Seadrill, where he held a number of senior marketing and commercial roles for more than 12 years. Prior to this, he served in a number of senior operational and functional roles with Transocean. Mr. Lyne has over 20 years of offshore drilling experience in various international locations.
President and Chief Executive Officer Anton Dibowitz said, “I am pleased to welcome Matt to the Valaris Executive Management Committee at an exciting time for our business. Valaris has significant operating leverage to the improving market, and Matt’s deep industry experience will be critical in helping us to exercise this leverage in a disciplined manner that generates meaningful returns for our shareholders.”
Dibowitz added, “With Matt in position, Christophe Raimbault will commence his new role as Vice President – Sustainability and New Energy. Christophe will drive further momentum behind our commitment to reduce emissions from our operations and partner with our customers to support their ESG efforts, as well as identify and progress opportunities within the new energy arena.”
About Valaris Limited
Valaris Limited (NYSE: VAL) is the industry leader in offshore drilling services across all water depths and geographies. Operating a high-quality rig fleet of ultra-deepwater drillships, versatile semisubmersibles and modern shallow-water jackups, Valaris has experience operating in nearly every major offshore basin. Valaris maintains an unwavering commitment to safety, operational excellence, and customer satisfaction, with a focus on technology and innovation. Valaris Limited is a Bermuda exempted company (Bermuda No. 56245). To learn more, visit our website at www.valaris.com.
Cautionary Statements
Statements contained in this press release that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include words or phrases such as "anticipate," "believe," "estimate," "expect," "intend," “likely,” "plan," "project," "could," "may," "might," “should,” “will” and similar words. The forward-looking statements contained in this press release are subject to numerous risks, uncertainties and assumptions that may cause actual results to vary materially from those indicated, including the COVID-19 outbreak and global pandemic and the related public health measures implemented by governments worldwide; the cancellation, suspension, renegotiation or termination of drilling contracts and programs, including drilling contracts which grant the customer termination rights if final investment decision (FID) is not received with respect to projects for which the drilling rig is contracted; oil and natural gas price volatility, customer demand for drilling rigs; downtime and other risks associated with offshore rig operations; severe weather or hurricanes; changes in worldwide rig supply, competition and technology; risks inherent to shipyard rig reactivation, upgrade, repair or maintenance; our ability to enter into, and the terms of, future drilling contracts; suitability of rigs for future contracts; governmental regulatory, legislative and permitting requirements affecting drilling operations; our ability to obtain financing, fund capital expenditures and pursue other business opportunities; the effects of our emergence from bankruptcy on the Company's business, relationships, comparability of our financial results and ability to access financing sources; actions taken by regulatory authorities or other third parties, including related to the COVID-19 global pandemic; increased scrutiny of Environmental, Social and Governance (“ESG”) practices and reporting responsibilities; changes in customer strategy; future levels of offshore drilling activity; governmental action, civil unrest and political and economic uncertainties; terrorism, piracy and military action; environmental or other liabilities, risks or losses; debt agreement restrictions that may limit our liquidity and flexibility; failure to satisfy our debt obligations; and cybersecurity risks and threats. In addition to the numerous factors described above, you should also carefully read and consider “Item 1A. Risk Factors” in Part I and “Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations” in Part II of our most recent annual report on Form 10-K, which is available on the Securities and Exchange Commission’s website at www.sec.gov or on the Investor Relations section of our website at www.valaris.com. Each forward-looking statement speaks only as of the date of the particular statement and we undertake no obligation to update or revise any forward-looking statements, except as required by law.
Investor & Media Contacts:
Darin Gibbins
Vice President - Investor Relations and Treasurer
+1-713-979-4623
Tim Richardson
Director - Investor Relations
+1-713-979-4619
LONDON--(BUSINESS WIRE)--#acquisition--Leading boat rental and yacht charter marketplace, Borrow A Boat, announces the acquisition of peer-to-peer charter platform KellyBoat, establishing themselves firmly within the US, with an in-person office to better serve their fastest-growing customer base.
The acquisition of KellyBoat will continue with the growth strategy within the US which to date is the fastest growing market for the company. Boat hires will be focussed on New England and Palm Beach, and with exciting expansion plans in Q4 and beyond.
Borrow A Boat prides itself on managing an extensive platform of yachts & boats in sought after sailing regions, and Kelly’s expertise will allow them to add even more vessels in New York, Chesapeake Bay, Cape Cod, Rhode Island, Fort Lauderdale, and Miami, plus the Great Lakes.
Kelly Shea Lyden Founder of KellyBoat says “Borrow A Boat has been recognized as a fast moving, innovative leader in the global boat hire market. As its first US acquisition, we’re excited to bring their boundless energy and successful technology to the US market.”
Matt Ovenden, Founder & CEO of Borrow A Boat, says, “The combination of Kelly's local knowledge and our technology gives us a powerful platform to grow in the US, and we have aggressive growth targets as we see it as a key market for Borrow a Boat. Since launching in America last year, we’ve experienced unrivalled interest from the US boating audience who have well and truly got on board with the Borrow A Boat offering, enabling it to become one of our fastest growing markets worldwide.”
Customers can choose from a variety of vessels, including sailboats, motorboats, riverboats, RIBs, catamarans, gulets, luxury yachts and superyachts. Thanks to the wide variety of boats available, clients can be assured they are receiving a prime selection at the most competitive prices.
For more information on Borrow A Boat, visit www.borrowaboat.com.
-Ends-
Notes to Editors:
About Borrow A Boat Group:
Borrow A Boat Group is now the fastest-growing boat charter group in the UK, consisting of several brands and platforms including: the Borrow A Boat platform - an open boating platform for boats of all sorts for charter, with over 45,000 listings, Helm - a curated marketplace of premium charter holidays, and Barqo - the leading Dutch boating marketplace.
Borrow A Boat Group is growing on multiple fronts and in multiple countries, with an active presence in: UK, US, Canada, Australia, New Zealand, Netherlands and France, and boats for charter in more than 65 countries.
To arrange an interview with our leaders or for further press information please contact:
Dina Aletras – Borrow A Boat
T: +41 (0) 79 862 6685
E: This email address is being protected from spambots. You need JavaScript enabled to view it. W: www.borrowaboat.com
SAN ANTONIO--(BUSINESS WIRE)--Valero Energy Corporation (NYSE: VLO, “Valero”) reduced its debt by approximately $1.25 billion in September through its previously announced tender offers for various series of Valero’s senior notes, which Valero funded with cash on hand. This transaction, combined with debt reduction and refinancing transactions completed in the second half of 2021 and the first half of 2022, collectively reduced Valero’s debt by approximately $3.6 billion.
About Valero
Valero Energy Corporation, through its subsidiaries (collectively, “Valero”), is an international manufacturer and marketer of petroleum-based and low-carbon liquid transportation fuels and petrochemical products, and sells its products primarily in the United States (“U.S.”), Canada, the United Kingdom (“U.K.”), Ireland and Latin America. Valero owns 15 petroleum refineries located in the U.S., Canada and the U.K. with a combined throughput capacity of approximately 3.2 million barrels per day. Valero is a joint venture member in Diamond Green Diesel Holdings LLC, which owns a renewable diesel plant in Norco, Louisiana with a production capacity of 700 million gallons per year, and Valero owns 12 ethanol plants located in the Mid-Continent region of the U.S. with a combined production capacity of approximately 1.6 billion gallons per year. Valero manages its operations through its Refining, Renewable Diesel, and Ethanol segments. Please visit www.investorvalero.com for more information.
Investors:
Homer Bhullar, Vice President – Investor Relations and Finance, 210-345-1982
Eric Herbort, Director – Investor Relations, 210-345-3331
Gautam Srivastava, Senior Manager – Investor Relations, 210-345-3992
Media:
Lillian Riojas, Executive Director – Media Relations and Communications, 210-345-5002
DUBLIN--(BUSINESS WIRE)--The "Submarine Power Cables Market - Global Industry Analysis (2019 - 2021) - Growth Trends and Market Forecast (2022 - 2027)" report has been added to ResearchAndMarkets.com's offering.
According to the publisher, the global submarine power cables market is expected to surpass a valuation of US$11 billion by 2027. As of 2022, it is expected to exceed the revenue of US$5.8 billion.
Companies Mentioned
The growing electrical energy demands and propensity to adopt sustainable energy sources are testing the capability of contemporary power generation systems. This challenge is significantly harder in geographically remote locations such as islands. Under such circumstances, submarine power cables emerge as a highly viable solution.
Simply put, submarine power cables are power lines that run beneath the oceanic water to transport high voltage current across continents. These undersea cables are built to withstand intense pressure and physical force, having a thick protection layer guarding the metal wiring inside. They serve to transmit electrical power in bulk. Their capability to solve such energy challenges is set to propel the global submarine power cables market during the forecast period of 2022 to 2027.
Key Insights and Trends Across Submarine Power Cables Market
Growing Energy Needs in Remote Locations to Lead Global Submarine Power Cables Market to Fruition
Globally, the demand for energy as well as the emission of greenhouse gases is increasing at an accelerated pace. Consequently, decision-makers are expected to meet global energy demands while keeping environmental impact in check. In this context, submarine power cables have emerged as a viable solution as these cables can distribute electricity generated from wind and solar sources to remote locations.
This, in a way, eases the adoption of sustainable energy solutions. Market players carry out an extensive geographical survey before proposing high-voltage submarine power lines projects which require substantial investments during installation. All these factors are providing substantial growth prospects to the global submarine power cables market.
Higher Propensity to Embrace Sustainable Energy Solutions Establishes Europe as Leading Regional Player
As a region at the forefront of adopting sustainable practices, Europe is emerging as a leading submarine power cables market. Investments in the deployment of high-voltage submarine power lines for inter-country power supply are also contributing to the dominance of Europe in the market.
Projects worth US$1.95 billion are being furthered to leading market players to connect Germany and UK. On the other hand, the Asia Pacific and North America are showcasing notable opportunities amidst paced adoption of renewable energy. Favourable government initiatives to boost clean energy employment are facilitating the submarine power cables market expansion in North America.
For more information about this report visit https://www.researchandmarkets.com/r/u41fbv
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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STAMFORD, Conn.--(BUSINESS WIRE)--Crane Holdings, Co., a diversified manufacturer of highly engineered industrial products, today announced its regular quarterly dividend of $0.47 per share for the fourth quarter of 2022. The dividend is payable on December 14, 2022 to shareholders of record as of the close of business on November 30, 2022.
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
DUBLIN--(BUSINESS WIRE)--The "Freightstat Monthly Update: Freight Unit Data for the Short Sea, Western Channel and UK-Ireland Routes" report has been added to ResearchAndMarkets.com's offering.
Freightstat shows monthly and annual data on freight units (i.e., Accompanied and unaccompanied trailers and lorries) for the Short Sea, Western Channel and UK-Ireland (Northern, Central and Southern) routes.
Data shows accompanied and unaccompanied trailers/trucks for UK Continent routes and total units for UK Ireland, plus quarterly and annual data from the Department for Transport.
Methodology
Deliverables
Structure
The report and spreadsheet are structured as follows:
Summary
Data for each ferry company and each route serviced, analysed by the main routes (UK-Continent, UK-Ireland broken down by key channels).
Key Topics Covered:
1. Latest Trends
2. Annual Trends
3. Monthly Review: Short Sea
4. Monthly Review: Western Channel
5. Monthly Trend: UK-Ireland
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/dpm12o
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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LOS ANGELES--(BUSINESS WIRE)--#EVs--Fisker Inc. (NYSE: FSR) ("Fisker") – passionate creator of the world's most sustainable electric vehicles and advanced mobility solutions – will feature its all-electric Fisker Ocean SUV at the 2022 Mondial de l'Auto held at the Paris Expo Porte de Versailles October 17-23, 2022.
"I'm excited to bring the Fisker Ocean to the French market at the iconic Mondial de l’Auto with our fleet partner Agilauto Brand of Crédit Agricole Consumer Finance," Chairman and CEO Henrik Fisker says. "France is one of our nine launch markets for the Fisker Ocean, and we expect to grow our presence in the country throughout 2023 and beyond. We're on track for production to start in November 2022 at Magna's carbon-neutral factory in Austria, and we'll deliver the first Fisker Ocean to France a few months later."
Designed to be the most sustainable SUV on Earth, the Fisker Ocean features a beautifully crafted interior with ethically sourced, upcycled materials throughout. The eco-friendly cabin showcases high-grade upholstery, carpets, and interior details made from recycled plastic bottles and other recycled plastics. By using recycled source material wherever possible, we lower the carbon footprint of manufacturing these fabrics.
Fisker will display a production-intent top trim Fisker Ocean Extreme, retailing for 69 950 €1 in France and traveling 630 kilometers2 on a single charge with dual motor all-wheel-drive, three driving modes, and many innovative safety features. The Fisker Ocean Extreme features a stunning, clean aesthetic inside and out, with a panoramic roof, a 17.1" Revolve rotating center screen with Hollywood Mode, Fisker Intelligent Pilot, Smart Traction, California Mode, and the SolarSky panoramic roof, adding even more emissions-free range.
When fully exposed to the sun, the Fisker Ocean Extreme’s SolarSky can produce up to 2,400 clean, emissions-free kilometers3 per year, and under ideal conditions may increase to beyond 3,200 kilometers3 – all powered by pure sunshine.
Fisker plans to open retail locations in Paris in the first half of 2023 to coincide with sales, service, and deliveries. From launch, Fisker owners across France will enjoy concierge service from trained Fisker mobile technicians, leveraging an existing network of service providers with select and certified locations strategically placed throughout the country.
Fisker's fleet partner, Crédit Agricole Consumer Finance, will display the Fisker Ocean in the Agilauto section of its booth in Hall 4, stand 441, throughout the show. As previously announced, Fisker and Agilauto Crédit Agricole Consumer Finance, a division of Crédit Agricole Group, one of the largest banking groups in Europe, signed a memorandum of understanding (MOU) in March 2021. The MOU provides eligible employees of Groupe Crédit Agricole and select private banking clients of Crédit Agricole the opportunity to lease Fisker Ocean SUVs, accelerating the bank’s commitment to sustainable mobility.
Production of the Fisker Ocean will start on November 17, 2022, at a carbon-neutral factory in Graz, Austria. Deliveries to customers in France and eight other launch markets will begin shortly after.
1 All prices shown are the manufacturer's recommended retail prices and include 20% VAT, excluding home delivery costs. Provisional pricing assumes that no import tariff is applied for delivery from the EU. The price depends on the specifications and options you selected when setting up your final vehicle.
2 Based on Fisker simulations using WLTP standards. Actual results vary depending on conditions such as the external environment and vehicle use. Official WLTP assessments coming soon.
3 Based on Fisker simulations. Ideal conditions assume solar irradiation of 5.4 kwh/M2/day and steady commuter driving. Actual results vary with conditions such as external environment and vehicle use.
About Fisker Inc.
California-based Fisker Inc. is revolutionizing the automotive industry by developing the most emotionally desirable and eco-friendly electric vehicles on Earth. Passionately driven by a vision of a clean future for all, the company is on a mission to become the No. 1 e-mobility service provider with the world's most sustainable vehicles. To learn more, visit www.FiskerInc.com – and enjoy exclusive content across Fisker's social media channels: Facebook, Instagram, Twitter, YouTube, and LinkedIn.
Forward-Looking Statements
This press release includes forward-looking statements, which are subject to the "safe harbor" provisions of the US Private Securities Litigation Reform Act of 1995. These statements may be identified by words such as "feel," "believes," expects," "estimates," "projects," "intends," "should," "is to be," or the negative of such terms, or other comparable terminology and include, among other things, the quotation of our CEO, the statements regarding the planned launch timing, pricing and estimated range of the Fisker Ocean, the anticipated timing of deliveries of the Fisker Ocean and opening of retail locations in France, the Company's future performance and other future events that involve risks and uncertainties. Such forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties, which could cause actual results to differ materially from the forward-looking statements contained herein due to many factors, including, but not limited to: Fisker's limited operating history; Fisker's ability to enter into additional manufacturing and other contracts with Magna or tier-one suppliers in order to execute on its business plan; the risk that OEM and supply partners do not meet agreed upon timelines or experience capacity constraints; Fisker may experience significant delays in the design, manufacture, regulatory approval, launch and financing of its vehicles; Fisker's ability to execute its business model, including market acceptance of its planned products and services; Fisker's inability to retain key personnel and to hire additional personnel; competition in the electric vehicle market; Fisker's inability to develop a sales distribution network; and the ability to protect its intellectual property rights; and those factors discussed in Fisker's Annual Report on Form 10-K, under the heading "Risk Factors," filed with the Securities and Exchange Commission (the "SEC"), as supplemented by Quarterly Reports on Form 10-Q, and other reports and documents Fisker files from time to time with the SEC. Any forward-looking statements speak only as of the date on which they are made, and Fisker undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this press release.
US Media:
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European Media:
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Customer service:
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Fisker Inc. Communications:
Matthew DeBord
Sr. Director, Communications Strategy & Storytelling
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Rebecca Lindland
Director, Communications
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Investor Relations:
Frank Boroch
VP of Investor Relations
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G7 EXO takes top prize for innovation in health & environmental monitoring
LYON, France--(BUSINESS WIRE)--$BLN #TSX--Blackline Safety Corp. (TSX: BLN), a global leader in connected safety technology, has once again been awarded the Prix de l’innovation at Préventica Lyon 2022. Préventica is the marquee professional event in France for health, safety and quality of life at work. It’s the third time Blackline Safety has won the Prix de l’innovation.
Blackline took the top prize in the health & environmental monitoring category for its G7 EXO cloud-connected area gas monitor. An independent panel of judges including professional organizations, industry representatives and specialist journalists acknowledged the highly skilled teams, years of hard work and the uniqueness of the solution to improve employee safety.
“Last time we were at Préventica, G7 EXO was still in development, so to see it not just winning prizes, but out in the field saving lives is an achievement of which we are very proud,” said José Leveque, Blackline Safety Europe’s Zone Manager for France, Spain and Portugal.
“G7 EXO is a true innovation in area monitoring—from the long battery life to the simplicity of drop and go deployment with instant, reliable connectivity. It really is changing the face of industrial safety in ways that have never been possible before.”
Blackline Safety previously won the Prix de l’innovation twice in 2019 for DATI/Geolocation at both Préventica Paris and Préventica Marseille, recognising G7c wearable gas detector for its complete data science, gas detection and push-to-talk offering. The Préventica awards team said: “The jury appreciated the high quality of the solutions proposed by all the candidates. We sincerely congratulate the winners and all the participants for their solutions which contribute every day to improve the working conditions of employees.”
To see G7 EXO, along with G7c — and the newly-launched G6 single-gas detector — in action, visit the Blackline Safety Europe team at on stand G36 Préventica Lyon.
About Blackline Safety
Blackline Safety is a technology leader driving innovation in the industrial workforce through IoT (Internet of Things). With connected safety devices and predictive analytics, Blackline enables companies to drive towards zero safety incidents and improved operational performance. Blackline provides wearable devices, personal and area gas monitoring, cloud-connected software and data analytics to meet demanding safety challenges and enhance overall productivity for organizations with coverage in more than 100 countries. Armed with cellular and satellite connectivity, Blackline provide a lifeline to tens of thousands of people, having reported over 185 billion data-points and initiated over five million emergency alerts. For more information, visit BlacklineSafety.com and connect with us on Facebook, Twitter, LinkedIn and Instagram.
Blackline Safety
Trina Murray-Hundley
Marketing and Communications Manager - Europe
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mobile: +44 7887 875987
Energy Dome and renewable energy leader Ørsted will work together to explore possibilities to deploy one or more ‘CO2 Battery’ long-duration energy storage plants to support Ørsted’s renewable energy projects in Europe
MILAN & FREDERICIA, Denmark--(BUSINESS WIRE)--Energy Dome announced today a memorandum of understanding (MoU) with Ørsted, the global leader in offshore wind and a market-leading renewable energy company, to run a feasibility study on the deployment of a 20 MW / 200 MWh energy storage facility using Energy Dome’s CO2 Battery technology at one or more Ørsted sites.
The partnership aims to use long-duration energy storage to provide baseload renewable energy to Ørsted’s end-use customers, mitigating the growing variability in energy supply, and providing grid stability services. The agreement includes an option to develop multiple additional CO2 Battery energy storage facilities, with the potential for the first 20 MW project slated to begin construction already during the second half of 2024.
The feasibility study project with Ørsted, which will dispatch renewable energy over periods of 10 hours or longer, is a milestone in Energy Dome’s roadmap on the development of multiple commercial CO2 Battery energy storage facilities. The first such site will be located in Continental Europe. This milestone follows the completion of Energy Dome’s first commercial demonstration facility in Sardinia, Italy, and the announcement of a new commercial utility-scale facility in Sardinia, under a partnership with Italian energy company A2A.
For Ørsted, testing the CO2 Battery energy storage project is part of the company’s plan to provide a comprehensive flexible solution that increases both the availability and reliability of green energy also with the aid of long duration energy storage.
Kieran White, VP Europe Onshore at Ørsted, said: “As a company focused on quickly scaling the build-out of wind, solar, Power-to-X and other renewable energy solutions, we are delighted to work with Energy Dome to explore how we can deploy their innovative long-duration energy storage technology. We consider the CO2 Battery solution to be a really promising alternative for long-duration energy storage. This technology could potentially help us decarbonise electrical grids by making renewable energy dispatchable.”
Claudio Spadacini, Founder and CEO of Energy Dome, said: “We are thrilled to collaborate with Ørsted, a clean energy pioneer and the world’s most sustainable energy company, on our shared vision of deploying as much energy storage as possible to enable 100 % renewable energy on the grid. Energy Dome looks forward to helping Ørsted achieve their renewable energy and energy storage goals as they expand into new markets.”
About Energy Dome
Energy Dome is an energy storage solution provider that is unlocking renewable energy by making solar and wind power dispatchable using the CO2 Battery. Led by a team with a track record of innovation in the energy sector, Energy Dome’s low-cost energy storage technology helps accelerate the global transition to renewable energy by enabling greater penetration of renewables on the grid. Energy Dome is currently starting construction on another 20 MW/200 MWh energy storage facility in Sardinia, Italy, in partnership with A2A and is developing a pipeline of projects in Europe, the U.S. and other regions around the world. For more information, please visit www.energydome.com.
About Ørsted
The Ørsted vision is a world that runs entirely on green energy. Ørsted develops, constructs, and operates offshore and onshore wind farms, solar farms, energy storage facilities, renewable hydrogen and green fuels facilities, and bioenergy plants. Moreover, Ørsted provides energy products to its customers. Ørsted is the only energy company in the world with a science-based net-zero emissions target as validated by the Science Based Targets initiative (SBTi), and Ørsted aims to deliver a net-positive biodiversity impact from all new renewable energy projects it commissions from 2030 at the latest. Ørsted ranks as the world’s most sustainable energy company in Corporate Knights' 2022 index of the Global 100 most sustainable corporations in the world and is recognised on the CDP Climate Change A List as a global leader on climate action. Headquartered in Denmark, Ørsted employs 7,016 people. Ørsted's shares are listed on Nasdaq Copenhagen (Ørsted). In 2021, the group's revenue was DKK 77.7 billion (EUR 10.4 billion). Visit Ørsted.com or follow us on Facebook, LinkedIn, Instagram, and Twitter.
Media
Cassandra Sweet
Antenna for Energy Dome
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DUBLIN--(BUSINESS WIRE)--The "Growth Opportunities in PEM Fuel Cells, Structural & Sodium Sulfur Batteries, Green Ammonia & Renewable Methanol Production, and Stationary Energy Storage" report has been added to ResearchAndMarkets.com's offering.
This edition of the Energy & Power Systems (EPS) TOE features information on the use of sustainable and scalable battery storage solutions that can be used for storing renewable energy.
The TOE covers innovations based on the use of proven tidal power systems with high efficiency for offshore renewable energy generation. The TOE additionally provides insights on the novel developments with sodium-sulfur and structural batteries for energy storage applications. The TOE provides the latest innovations in the use of electrolysis for large-scale green hydrogen production that provides a hydrogen feedstock for green ammonia and renewable methanol production. The TOE also provides the latest insights on the use of proton exchange membrane-based fuel cells which possess improved power output and the use of off-shore electric charging stations for marine vessels.
Innovations in PEM Fuel Cells, Structural & Sodium Sulfur Batteries, and Stationary Energy Storage
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/ihn6r9
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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DUBLIN--(BUSINESS WIRE)--The "Global Hydrogen Energy Storage Market by State (Gas, Liquid, Solid), Technology (Compression, Liquefaction, Material Based), Application (Stationary Power, Transportation), End User (Electric Utilities, Industrial, Commercial), Region - Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.
The global hydrogen energy storage market is projected to reach USD 119.2 Billion by 2027 from an estimated market size of USD 13.8 Billion in 2022, at a CAGR of 54.0% during the forecast period.
The market has a promising growth potential due to several factors, including the role of hydrogen energy storages playing in carbon emission reduction and Increase in fuel cell based electric vehicles and hydrogen storage infrastructure are driving the hydrogen energy storage market.
Gas: The fastest growing segment of hydrogen energy storage market, by state
Hydrogen as a gas is colorless, highly flammable, and the lightest of all other elements. It is used in the production of synthetic ammonia and methanol, in petroleum refining, in the hydrogenation of organic materials, and in rocket fuels. Hydrogen has the highest energy per mass of any fuel. However, its low ambient temperature density results in a low energy per unit volume, therefore requiring the development of advanced storage methods, which have a potential for higher energy density.
Compression: The fastest growing segment of hydrogen energy storage market, by technology
Compression segment of hydrogen energy storage market will be the fastest growing segment during forecast period. Compression segment majorly caters end users like industrial sectors. Compression is easy and cost-efficient hydrogen storage via compression technology is likely to generate its demand in the hydrogen energy storage market.
Transportation: The fastest growing segment of hydrogen energy storage market, by application
Transportation segment of hydrogen energy storage market will be the fastest growing segment during forecast period. Fuel cell vehicle applications include the use of fuel cells in forklift trucks and other goods handling vehicles, such as airport baggage trucks, light duty vehicles (LDVs), such as cars and vans, buses and trucks, trains and trams, ferries, and smaller boats. Focusing on decarbonizing transportation sector will drive market growth.
Europe: The fastest-growing region in the hydrogen energy storage market
The Europe region is projected to be the fastest-growing market during the forecast period. The growth of the Europe hydrogen energy storage market is expected to be driven by Increase in fuel cell based electric vehicles and hydrogen storage infrastructure.
Market Dynamics
Drivers
Restraints
Opportunities
Challenges
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/8c9qyo
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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METAIRIE, La.--(BUSINESS WIRE)--Biloxi Marsh Lands Corporation has posted its unaudited results for the second quarter of 2022 and first six months of 2022 on the Company’s website www.biloximarshlandscorp.com/quarterly-financials/.
The Company recommends that investors and all interested parties visit its website www.biloximarshlandscorp.com to view historical press releases, historical financial statements, and other relevant information. All inquiries should be made through the Contact Mailbox on the Company’s website: http://www.biloximarshlandscorp.com/contact/.
Biloxi Marsh Lands Corporation
April Echevarria: 504-837-4337
DUBLIN--(BUSINESS WIRE)--The "Ferrystat: UK Passenger Ferry Market Monthly Update" newsletter has been added to ResearchAndMarkets.com's offering.
Ferrystat provides monthly and annual data on the UK passenger ferry market
It is based on the monthly returns of all leading UK ferry operators, and provides a monthly digest of passenger, car and coach traffic by route for the UK-Continental (Short Sea, North Sea and Western Channel), UK-Ireland (Northern, Central and Southern) and Domestic (Channel Islands, Isle of Man, Isle of Wight, Scotland) routes.
Data is shown for each ferry service. It also includes annual data for the past five years by sector.
Methodology
Deliverables
Structure
The report and spreadsheet are structured as follows:
Summary
Data for each ferry company and each route serviced, analysed by the main routes (UK-Continent, UK-Ireland and Domestic) broken down by key channels).
Key Topics Covered:
1. Latest Trends
2. Annual Trends
3. Monthly Review: UK-Continent
4. Monthly Trend: UK-Ireland
5. Monthly Trends: UK-Domestic
Companies Mentioned
For more information about this newsletter visit https://www.researchandmarkets.com/r/1hwo2n
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
This email address is being protected from spambots. You need JavaScript enabled to view it.
For E.S.T Office Hours Call 1-917-300-0470
For U.S./ CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Offshore Source keeps you updated with relevant information concerning the Offshore Energy Sector.
Any views or opinions represented on this website belong solely to the author and do not represent those of the people, institutions or organizations that Offshore Source or collaborators may or may not have been associated with in a professional or personal capacity, unless explicitly stated.