Agreement with Infinium will help Amazon reduce carbon emissions for roughly 5 million miles of travel per year
SEATTLE--(BUSINESS WIRE)--Amazon (NASDAQ: AMZN) has signed an agreement with renewable fuels technology company Infinium to begin powering Amazon’s transportation fleet with ultra-low carbon electrofuels beginning in 2023. Infinium is expected to initially supply enough electrofuels, which are a fossil-based fuel alternative created with carbon waste and renewable power, to begin powering Amazon trucks in lieu of diesel fuel for approximately 5 million miles of travel per year.
The agreement is another step forward in Amazon’s commitment to transition its transportation network away from fossil fuels and deliver packages to customers in more sustainable ways. Amazon plans to initially use the electrofuels in trucks in its middle mile fleet in Southern California, where the trucks are expected to help serve millions of customers. Amazon’s middle mile fleet is responsible for moving customer orders from its vendors and fulfillment centers to its network of sortation and delivery stations.
According to the United Nations, the transportation sector currently accounts for approximately 25% of all carbon emissions globally, and Infinium is working to change that by developing ultra-low carbon fuels that can easily be used to power cargo trucks, airplanes, and marine freight without engine modifications.
To start, Infinium plans to build one of the world’s first electrofuels-production facilities in Texas. The facility will use renewable-power-generated green hydrogen and approximately 18,000 tons of recycled carbon waste per year—which would otherwise be released into the atmosphere—to create the electrofuels.
Amazon previously invested in Infinium through The Climate Pledge Fund, Amazon’s $2 billion venture investment program that specifically invests in companies building technologies, products, and services that can help Amazon and others accelerate the path toward net-zero carbon future. Amazon has announced investments in a total of 18 companies through The Climate Pledge Fund to date.
“Infinium’s electrofuels can help Amazon reduce carbon emissions across our transportation fleet, which is important to both us and our customers, and will help us move closer to our goal of net-zero carbon by 2040,” said Kara Hurst, vice president of Worldwide Sustainability at Amazon. “We’ve supported Infinium’s technology through our Climate Pledge Fund, and it’s exciting to see our investment turning into usable fuel that will help us, and others across the industry, decarbonize transportation in the long run.”
“Our agreement with Amazon to provide Infinium electrofuels for use in the company’s transportation network is a significant moment for all of us,” said Infinium CEO Robert Schuetzle. “We’ve been developing this technology for the better part of a decade, and we expect our electrofuels to reduce greenhouse gas (GHG) emissions by approximately 95 percent over traditional fossil fuels. We’re thrilled to have the first fleet of Amazon trucks powered by electrofuels starting next year, which will mark the beginning of a major shift for the entire transportation sector.”
Amazon is committed to reaching net-zero carbon by 2040 as part of its commitment to The Climate Pledge, and will continue to take real business action to decarbonize its operations. Infinium is an example of how Amazon invested in new climate innovation, and the company will soon leverage its technology to help it reduce carbon emissions.
In addition to partnering with Infinium, Amazon has taken other significant steps toward net-zero carbon:
Learn more about Amazon’s sustainability efforts.
About Amazon
Amazon is guided by four principles: customer obsession rather than competitor focus, passion for invention, commitment to operational excellence, and long-term thinking. Amazon strives to be Earth’s Most Customer-Centric Company, Earth’s Best Employer, and Earth’s Safest Place to Work. Customer reviews, 1-Click shopping, personalized recommendations, Prime, Fulfillment by Amazon, AWS, Kindle Direct Publishing, Kindle, Career Choice, Fire tablets, Fire TV, Amazon Echo, Alexa, Just Walk Out technology, Amazon Studios, and The Climate Pledge are some of the things pioneered by Amazon. For more information, visit amazon.com/about and follow @AmazonNews.
Amazon.com, Inc.
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Sessions focus on solutions that include system management, cybersecurity and disaster response
RALEIGH, N.C.--(BUSINESS WIRE)--#analytics--Drought, aging infrastructure and climate resiliency threaten communities across the U.S. and around the world. Utility leaders are on the frontline of these challenges, ensuring safe delivery of water, gas and electric service to their customers. These challenges, and how technology can address them, will be a key focus of this year’s annual Xylem ReachSM Conference.
The 2022 Xylem Reach Conference will be hosted in a hybrid format from October 9 through 12. Participants can attend the full event in-person in Washington D.C., or participate in online sessions during a two-day virtual conference on October 11 and 12. Register today to secure an in-person or virtual spot at the conference.
“As global water and energy challenges increase, utilities must adapt to serve their communities,” said Matthew Pine, senior vice president and president of Applied Water Systems, Measurement & Control Solutions and Xylem Americas. “From remotely-managed leak and pressure detection to power restoration, the Xylem Reach conference provides our customers with hands-on sessions that better prepare them to adopt technology to overcome these challenges. We look forward to hearing our customers’ feedback to enhance how we support them and the communities they serve.”
Participants will have the opportunity to attend more than 100 sessions on topics including:
In addition to educational sessions and networking opportunities, in-person attendees will have the chance to give back to the community through a Xylem Watermark event.
Register here for the Xylem Reach Conference.
About Sensus
Sensus, a Xylem brand, provides remotely-managed products and solutions that deliver the right data at the right time for investor-owned utilities, cooperatives, and municipalities. As part of Xylem’s digital portfolio, our smart devices connect with a variety of communication technologies to help customers make timely decisions that optimize electric, gas, and water systems. Learn more at sensus.com.
About Xylem
Xylem (XYL) is a leading global water technology company committed to solving critical water and infrastructure challenges with innovation. Our 17,000 diverse employees delivered revenue of $5.2 billion in 2021. We are creating a more sustainable world by enabling our customers to optimize water and resource management and helping communities in more than 150 countries become water-secure. Join us at www.xylem.com.
Kim Genardo
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+1.919.376.2566
The Carlsberg Group digitally transforms its order and delivery processes with ABBYY’s intelligent document processing solutions
CHARLOTTE, N.C.--(BUSINESS WIRE)--#CarlsbergBrewery--Hundreds of Carlberg Group beers in more than 150 markets will now arrive to their destinations significantly faster using ABBYY intelligent process automation. Carlsberg Group, one of the world’s leading brewery groups, chose ABBYY to automate its order and delivery processes, thereby accelerating time to market and customer satisfaction. ABBYY's intelligent document processing (IDP) solutions enable the Carlsberg Group to accelerate its digital transformation strategy and increase workflow efficiency and improve team productivity.
The integration of ABBYY IDP technology in the order process allows Carlsberg to capture incoming orders by mail automatically and transfer them immediately into the company’s SAP system. Carlsberg receives many orders through email that previously had to be checked and entered manually into their system. Carlsberg is now saving up to eight minutes of manual work per order depending on the region. In Sweden, for example, this has resulted in 140+ hours saved per month and a touchless order processing rate of 92%.
The second process where Carlsberg is relying on ABBYY technology is delivery notes scanning. Before using intelligent automation, delivery information was registered in the company’s system manually. When trucks arrived at the warehouses, the delivered goods were checked against the delivery note at the warehouse gate. The file was then manually typed into SAP and the goods receipt document was generated and posted.
By integrating ABBYY’s IDP solution, the whole registration process is performed automatically. The process of receiving and putting away received goods and reusing vendor labels has significantly accelerated and enables Carlsberg to have a better overview of the entire delivery process.
“ABBYY has been instrumental to our execution excellence strategy and enabling us to digitally master our data and processes,” says Kamil Kropaczewski, Business Owner at Carlsberg. “Thanks to the integration of ABBYY with our robotic process automation bot, we’re able to speed customer deliveries by improving workflow and team productivity.”
“We are very pleased to be able to make such a significant impact at Carlsberg. A growing number of global organizations like Carlsberg are relying on ABBYY to streamline and accelerate revenue-generating and customer-impacting processes,” says Neil Murphy, Global Channel Chief at ABBYY. “All too often, manual processes and endless paperwork get in the way of time to value and customer satisfaction. Using ABBYY IDP solutions means staff can focus on other more business-critical tasks and leave the tedious paperwork to their ‘digital’ colleagues.”
ABBYY’s intelligent process automation platform includes industry-leading intelligent document processing (IDP) and process mining and task mining solutions. These include ABBYY Vantage, the industry’s first low-code/no-code platform that applies AI to understand your documents in a fast and simple way. Vantage makes today’s digital worker and processes smarter by delivering skills that read, understand, and extract insights from documents, helping enterprises accelerate digital transformation. ABBYY Timeline features advanced process mining and task mining technology using the latest artificial intelligence (AI). It enables businesses to automatically build an interactive digital twin of their processes, analyze them in real time to identify bottlenecks, and predict future outcomes to facilitate decision-making of technology investments. For information visit https://www.abbyy.com/solutions/intelligent-process-automation-ipa/.
About ABBYY
ABBYY powers intelligent automation. We reimagine the way people work and how companies accelerate business by delivering the intelligence that fuels automation platforms. Our solutions transform enterprise data and empower you with the insights you need to work smarter and faster. We help more than 10,000 companies globally, including many of the Fortune 500, to drive significant impact where it matters most: customer experience, profitability, and competitive advantage. ABBYY is a US-based global company with offices in 15 countries. For more information, visit www.abbyy.com/company/about-us/.
ABBYY can either be a registered trademark or a trademark and can also be a logo, a company name (or part of it), or part of a product name of ABBYY group companies and may not be used without consent of its respective owners.
ABBYY Press:
Eva-Maria Hufschmitt
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Carlsberg Press:
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The Energy Solutions Division of Mantis Innovation was recently presented with the 2021 ABC Excellence Award for Overall Supplier Satisfaction by the Energy Research Consulting Group
HOUSTON--(BUSINESS WIRE)--#efficiency--Mantis Innovation, provider of smart, sustainable solutions to improve facility performance, announced today that its Energy Solutions division has been presented with its second consecutive ABC (Aggregators, Brokers, and Consultants) Excellence Award from the Energy Research Consulting Group (ERCG). These awards were granted based on the results of ERCG’s annual survey that assesses vital indicators in those who work with, or as, third-party intermediaries in the energy market. Mantis Innovation was named Top Broker in Overall Satisfaction and Top Broker in Share of Supplier Top 5 in 2021 (for 2020).
Key drivers for winning the ERCG awards include treating suppliers like partners, having a fair and transparent process for winning business, and having accurate and complete client information. Over 100 firms participated in ERCG’s study for 2021. ABC Excellence Award rankings are based on surveys of these participating suppliers, representing an estimated 69% of the commercial and industrial market. This award marks the third time in the last four years that the Energy Solutions division of Mantis has taken the #1 ranking for Overall Satisfaction.
“We pride ourselves on our ability to develop and maintain strong supplier relations and to position Mantis as a trusted name in the energy industry,” said Steve Campbell, President of Energy Solutions, Mantis Innovation. “These back-to-back awards reflect our ongoing mission to deliver the highest level of service and success for our clients. We are honored to again be recognized as a leader in this space and will continue to go above and beyond to set the standard.”
“A lot has changed in energy markets over the last year – higher prices, volatility, and customer needs. One thing that hasn’t changed is how much suppliers like working with Mantis Innovation,” said Young Kim, Principal, Energy Research Consulting Group. “In a very strong field of competitors, Mantis has come out on top again this year. It’s rare to repeat as #1 in Overall Satisfaction, and to do so during such turbulent times in the energy market speaks to the quality and the consistency of the Mantis team.”
About Mantis Innovation
Mantis Innovation is the premier provider of smart solutions that deliver better building performance through managed facility services and turnkey program management. Mantis leverages expertise from a vast array of professional disciplines in engineering, comprehensive data collection and analysis, technology-enabled solutions, and a network of trusted partners. The Mantis Innovation managed solutions include energy procurement, demand management, solar, roofing, building envelope, pavement, LED lighting, HVAC/mechanical, building automation systems, and data center optimization. Mantis is headquartered in Houston, Texas, with 17 locations across the United States from Massachusetts to Washington.
Learn more at https://mantisinnovation.com/
Press:
Mantis Innovation
Jamie Clasby
Marketing Communications Coordinator
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BUFFALO, N.Y.--(BUSINESS WIRE)--$ROCK #ROCK--Gibraltar Industries, Inc. (Nasdaq: ROCK), a leading manufacturer and provider of products and services for the renewable energy, residential, agtech and infrastructure markets, today announced that Chairman and Chief Executive Officer Bill Bosway and Chief Financial Officer Tim Murphy are scheduled to participate at the Sidoti September Small-Cap Virtual Conference on Thursday, September 22, 2022, holding meetings with investors that day.
The Company’s most recent slide presentation is available on Gibraltar’s website at https://ir.gibraltar1.com/reports-presentations.
About Gibraltar
Gibraltar is a leading manufacturer and provider of products and services for the renewable energy, residential, agtech, and infrastructure markets. Gibraltar’s mission, to make life better for people and the planet, is fueled by advancing the disciplines of engineering, science, and technology. Gibraltar is innovating to reshape critical markets in comfortable living, sustainable power, and productive growing throughout North America. For more please visit www.gibraltar1.com.
LHA Investor Relations
Jody Burfening/Carolyn Capaccio
(212) 838-3777
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Planned Meetings through October also listed
HOUSTON--(BUSINESS WIRE)--The Port Commission of the Port of Houston Authority will hold its regular monthly meeting on Tuesday, September 27, 2022. It will be conducted as a hybrid meeting starting at 9:15 a.m. A quorum of the Port Commission, along with executive leadership and legal counsel, will be present in the boardroom of the Port Authority Executive Office Building, located at 111 East Loop North, Houston, TX 77029.
The meeting is open to the public to attend in person, and the meeting can also be accessed virtually via WebEx webinar.
The agenda and the instructions to access Port Houston public meetings are available at https://porthouston.com/leadership/public-meetings/.
Please note the following upcoming Port Houston public meetings (subject to change):
September 27 |
9:15 a.m. |
Port Commission Regular Meeting |
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10:00 a.m. |
Community Relations Committee Meeting |
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September 28 |
11:30 a.m. |
Port Commission Community Advisory Council Meeting |
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October 27 |
9:15 a.m. |
Port Commission Meeting |
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10:00 a.m. |
Business Equity Committee Meeting |
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Cancelled |
Community Relations Meeting |
Sign up for public comment is available up to an hour before these meetings by contacting Erik Eriksson at This email address is being protected from spambots. You need JavaScript enabled to view it. or Liana Christian at This email address is being protected from spambots. You need JavaScript enabled to view it..
About Port Houston
For more than 100 years, Port Houston has owned and operated the public wharves and terminals along the Houston Ship Channel – the nation’s largest port for waterborne tonnage and an essential economic engine for the Houston region, the state of Texas, and the U.S. nation. The more than 200 private and eight public terminals along the federal waterway supports the creation of nearly 1.35 million jobs in Texas and 3.2 million jobs nationwide, and economic activity totaling $339 billion in Texas – 20.6% of Texas’ total gross domestic product (GDP) – and a total of $801.9 billion in economic impact across the nation. For more information, visit the website: https://porthouston.com/
Lisa Ashley, Director, Media Relations, Port Houston
Office: 713-670-2644; Mobile: 832-247-8179; E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
Powered by Joule Case battery technology, Insane Impact now offers clean energy options for customers
URBANDALE, Iowa--(BUSINESS WIRE)--Insane Impact, the nationwide leader of LED Screen Trailers and Video Walls, announced a new off-grid, battery-powered solution for its state-of-the-art displays through a new partnership with Joule Case. By adding Joule Case’s flexible, patented battery system and expertise, Insane Impact’s display solutions can now be powered by renewable energy sources for the first time to minimize the carbon footprint, enhance flexibility and remove the noise and fumes of gas generators.
Insane Impact LED displays have elevated some of the most prestigious live experiences, from globally recognized sporting events to music festivals to experiential installations for the world’s leading brands. With a range of clientele seeking to push the edge of what’s possible, many are also looking to reimagine the energy supply to cleanly power their events and in-person displays.
“From day one, our focus has been to enhance experiences for our customers and their audiences with industry-leading LED solutions, and this is another substantial step forward on our mission,” said Tod Puetz, Founder and CEO, Insane Impact. “By partnering with Joule Case to create battery-powered LED Displays, we are not only removing emissions and minimizing the carbon impact, we add flexibility to where and how we can use our displays while removing the background noise of traditional generators. It really is about elevating the experience for everyone, and we couldn’t do that without Joule Case.”
Joule Case has extensive experience in the live event and hospitality space, helping to power globally recognized music festivals and independent food truck operators across the United States. The portable energy provider has targeted mobile brand activations and experiential marketing as a natural extension to its partnerships, a space that Insane Impact continues to lead in across several industries and notable brands.
“The name Insane Impact alone speaks to the drive and desire of Tod’s team to be the very best at what they do,” said James Wagoner, CEO, Joule Case. “We are thrilled to find partners as passionate about providing the best options for their customers as they are, and look forward to innovating together and providing emissions-free energy whenever and wherever their customers need it. We know how to deliver on that promise.”
About Insane Impact
Insane Impact is the nationwide leader of LED Screen Trailers and Video Walls. Their "think like the customer" mentality enables them to create new and innovative products that transform experiences. Their mission is to deliver first class service with state-of-the-art products that create lasting impressions.
About Joule Case Inc.
Joule Case provides power where you need it when you need it, with flexible, patented battery systems that easily scale for a variety of power applications. The company was started in a Boise, Idaho garage by James Wagoner and Alex Livingston, fueled by their shared passion to enable clean and renewable energy to reach more people. They have spent years developing the unique stackable, portable, scalable, easy-to-use battery system now powering live events, food trucks and several other applications across the United States. The flexibility and adaptability of Joule Case systems can be combined together to make larger battery systems with minimal engineering and installation time.
Media Contact
Chad Biggs
Red Sky
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208.996.0710
TORONTO--(BUSINESS WIRE)--#Technology--Facedrive Inc. (“STEER” or “the Company”) (TSXV: FD) (OTCQX: FDVRF), an integrated ESG technology platform, is pleased to announce its electric vehicle subscription service (“STEER EV”) has added Florida, USA, as a new service area with an operational hub in Tampa. STEER EV’s subscription service is available to the eligible residents of the state as of September, 2022. After successfully securing the financing necessary to facilitate further growth, STEER is actively expanding its geographical footprint throughout the second half of 2022 and growing its EV fleet to support the new regions in operation.
From its inception, the STEER EV platform has been focused on challenging the traditional car ownership model and accelerating the general public’s switchover to environmentally friendly transportation through an automobile subscription service. Having transformed the platform into one of the leading providers of subscription-based EV services, the Company feels its turnkey month-to-month model – which includes insurance, maintenance, vehicle swaps and concierge delivery – presents an attractive alternative for customers seeking a time-efficient and hassle-free transportation solution.
The Company sees STEER EV capitalizing on two mega-trends in the personal transport industry: increasing eco-consciousness on part of individuals and governments alike, as well as a general shift away from traditional car ownership in favour of more flexible options such as per-use or subscription-based services, particularly among the younger generation. The global car subscription market was valued at $3.55 billion in 2019, and is projected to reach $12.1 billion by 2027, representing a compounded annual growth rate (CAGR) of 23.1%.1 As an ESG ecosystem, STEER is confident that its commitment to working alongside responsible governments, businesses and individuals in addressing environmental, social and governance concerns positions it well to capture growth in the electric vehicle subscription services market in the years to come.
Florida represents a key market to the STEER EV platform, strengthening its leadership position in the Southern region of the USA and providing for greater fleet management efficiencies. The Company also feels this expansion strongly aligns with the commitment of the US Government to build out a network of 500,000 electric vehicle chargers along America’s highways and in communities by 2030 as part of a shift towards cleaner fuels and a general decarbonisation of the country’s transportation sector2.
“We are excited to bring our EV subscription services to Florida, which is our third market in the USA and fifth overall. Florida is home to diverse and vibrant communities, and we are looking forward to assisting them with their green transportation needs. This is also STEER’s third consecutive month adding new operational areas to its service network, with Texas added in July and British Columbia in August. This reflects our team’s hard work and dedication to delivering on its commitment to offer new sustainable personal transportation options to more communities in North America this year. Shortly after Florida, the STEER EV service should become available to the residents of California,” said Suman Pushparajah, CEO of STEER.
About the Company
STEER is an integrated ESG technology platform that moves people and delivers things through subscription and on-demand services. The Company’s goal is to build a one-of-a-kind system that aggregates conscientious users, through a series of connected offerings, and enables them to buy, sell, or invest with the same platform, STEER. The Company’s offerings generally fall into two categories: subscription-based offerings led by its flagship electric vehicle subscription business, STEER EV, and on-demand services incorporating delivery, B2B marketplace, Delivery-as-a-Service (DaaS) and rideshare businesses. The Company’s platform is also powered by EcoCRED, its big data, analytics and machine learning engine which seeks to capture, analyze, parse and report on key data points in ways that measure the Company’s impact on carbon reductions and offsets.
For more about the Company, visit www.facedrive.com.
Suman Pushparajah, CEO
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STEER
100 Consilium Pl, Unit 400
Scarborough, ON
Canada M1H 3E3
www.facedrive.com
Forward-Looking Information
Certain information in this press release contains forward-looking information, including with respect to the Company’s business, operations and condition, management’s objectives, strategies, beliefs and intentions, and the company’s forward plans to rebrand. This information is based on management’s reasonable assumptions and beliefs in light of the information currently available to us and are made as of the date of this press release. Actual results and the timing of events, such as those pertaining to the Company’s planned future launches and intended fleet growth, may differ materially from those anticipated in the forward-looking information as a result of various factors. Information regarding our expectations of future results, performance, achievements, prospects or opportunities or the markets in which we operate is forward-looking information. Statements containing forward-looking information are not facts but instead represent management’s expectations, estimates and projections regarding future events or circumstances. Many factors could cause our actual results, level of activity, performance or achievements or future events or developments to differ materially from those expressed or implied by the forward-looking statements.
See “Forward-Looking Information” and “Risk Factors” in the Company’s Annual Management Discussion & Analysis (MD&A) for the year ended December 31, 2021 (filed on SEDAR on May 2, 2022) and its interim MD&A for the period ended March 31, 2022 and June 30, 2022 (filed on SEDAR on May 30, 2022 and August 29, 2022 respectively) for a discussion of the uncertainties, risks and assumptions associated with these statements and other risks. Readers are urged to consider the uncertainties, risks and assumptions carefully in evaluating the forward-looking information and are cautioned not to place undue reliance on such information. We have no intention and undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable securities legislation and regulatory requirements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
1 https://www.alliedmarketresearch.com/car-subscription-market-A10188#:~:text=The%20global%20car%20subscription%20market,with%20a%20CAGR%20of%2021.7%25
2 https://www.whitehouse.gov/briefing-room/statements-releases/2022/06/09/fact-sheet-biden-harris-administration-proposes-new-standards-for-national-electric-vehicle-charging-network/
For further information:
Company Contact: Maria Verbytska, This email address is being protected from spambots. You need JavaScript enabled to view it.
Media Contact: Sana Srithas, This email address is being protected from spambots. You need JavaScript enabled to view it., Tel: 1-888-300-2228
Tune-Up Now to Protect Against Expensive Repairs and Improve Energy Efficiency
NORWALK, Conn.--(BUSINESS WIRE)--#HVAC--A recent HomeServe survey found that nearly one in three Americans (28%) had an HVAC repair in the past 12 months and half had such a repair in the past two years, emphasizing the critical need for an annual HVAC tune-up
In 2014, HomeServe established National Tune-Up Day, September 25, to remind homeowners to have their HVAC systems serviced before the heating season begins – and winter rush on HVAC repairs – and to educate them about the importance of maintaining their HVAC systems. An aging, inefficient and poorly maintained HVAC system can add up to 30% to a household’s energy bill, but an annual tune-up can spot problems before they develop into expensive repairs and even prevent unit failures.
By promoting National Tune-Up Day, which is recognized by the National Day Calendar, HomeServe hopes to help homeowners avoid costly repairs or even more expensive equipment replacement during the winter months. Since 36% percent of Americans say they have $500 or less or even no money at all set aside for a home emergency, homeowners should act now to prevent losing their central heat during a winter that the Farmer’s Almanac is predicting to be colder and snowier than normal across the East Coast and Midwest.
“We see it every year – a cold snap hits, furnaces either fail or don’t start to begin with, and there’s a mad scramble to find a qualified contractor with availability,” said Tom Rusin, HomeServe North America CEO. “Many cold nights could be avoided with a quick and affordable maintenance visit to ensure that the system is working properly and ready for the cold weather.”
Both the Centers for Disease Control and Prevention and the Department of Energy’s Energy Star program recommend an annual tune-up for heating systems. Each year, carbon monoxide (CO) claims the lives of hundreds of people and makes thousands more ill because of CO exposure. The CDC recommends annual tune-ups to help reduce accidental CO exposure, along with the installation of CO detectors in the home.
Energy Star encourages annual tune-ups to improve the energy efficiency of home heating systems and reduce the cost of home heating. Approximately one-half of residential energy usage is dedicated to heating and cooling the home and neglecting a tune-up can force the system to labor harder, straining the unit and wasting energy.
According to HomeServe data, the cost of a gas boiler or furnace tune-up ranges between $50 and $300 depending upon location, while common electric heating system repairs can average between $175 to $400 and more complex gas heating system repairs can range between $375 and $1,200. During a heating system tune-up, which should take about an hour, professional heating technicians typically have the following checklist:
HomeServe offers home heating protection plans, including plans that provide tune-ups, as well as service plans for water, sewer, electrical and other home emergencies. All plan holders have access to a Repair Hotline that is accessible 24 hours a day, 365 days a year and a network of employed or local, licensed and insured technicians available to come to their home for repairs. More information is available at www.HomeServe.com.
About HomeServe
HomeServe USA Corp. (HomeServe) is a customer-focused company that enables utilities and municipalities to educate, protect and advocate for their customers who are faced with home repair emergencies. Serving more than 4.8 million customers across the U.S. and Canada and working through over 1,100 leading municipal and utility partners, HomeServe offers protection for homeowners against the expense and inconvenience of plumbing, electrical, HVAC and other home repair emergencies.
Through its network of skilled, locally based technicians, HomeServe makes a repair or install in a customer’s home every 34 seconds. HomeServe is also a leading provider of residential Energy Efficiency Solutions. Over the past twelve months, HomeServe has installed almost $100 million dollars’ worth of residential HVAC efficiency upgrades.
HomeServe has an exceptional customer satisfaction rating and is endorsed by the National League of Cities. For more information about HomeServe, a certified Great Place to Work and Stevie Awards winner for Sales and Service, please go to www.homeserve.com. Connect with HomeServe on Facebook and Twitter @HomeServeUSA and on LinkedIn @HomeServe-USA. For news and information follow on Twitter @HomeServeUSNews.
MEDIA CONTACT:
Myles Meehan
HomeServe USA
Phone: 203-356-4246
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Kristin Elder
Hill+Knowlton Strategies for HomeServe USA
Phone: 703-835-6245
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SMUD and ESS to establish workforce development to support technical training for energy storage careers
WILSONVILLE, Ore. & SACRAMENTO, Calif.--(BUSINESS WIRE)--$GWH #batteries--ESS Inc. (“ESS”) (NYSE:GWH), a leading manufacturer of long-duration iron flow batteries for commercial and utility-scale energy storage applications, and the Sacramento Municipal Utility District (SMUD), the nation’s sixth-largest, community-owned, not-for-profit electric service provider, today announced an agreement to provide up to 200 megawatts (MW) / 2 gigawatt-hours (GWh) of ESS’ environmentally safe and sustainable long duration energy storage solutions.
The agreement calls for ESS to deliver a mix of its Energy Warehouse™ and Energy Center™ long-duration energy storage (LDES) solutions for integration with the SMUD electric grid beginning in 2023. SMUD will deploy the LDES systems in support of its 2030 Zero Carbon Plan which aims to reduce thermal generation, maximize local solar generation, provide neighborhood resiliency, and increase social justice and equity. LDES is a key component in SMUD’s decarbonization plan, without compromising reliability or low electricity rates.
“SMUD is striving for a clean energy future that increases grid resiliency, supports under-resourced communities and maximizes local economic development,” said Paul Lau, CEO and General Manager of SMUD. “Long-duration battery technologies move SMUD’s 2030 Zero Carbon Plan forward by expanding our dispatchable renewable energy resources and opening doors to innovation, job training and development opportunities in the green energy sectors.”
As part of this multi-year agreement, ESS intends to set up facilities for battery system assembly, operations and maintenance support and project delivery in Sacramento, creating local, high-paying jobs. In addition, SMUD and ESS plan to establish a Center of Excellence to expand the workforce and knowledge base for LDES technology in partnership with higher education institutions. The Center will provide advanced LDES technical training, creating a statewide skilled talent pool to help build and maintain California’s fast-growing long-duration energy storage resources.
“SMUD is a pioneering and progressive public utility that puts its words into meaningful action – in particular its pursuit of a decarbonized grid that will build resiliency, enhance job opportunities, and provide benefits for all customers,” said Eric Dresselhuys, CEO of ESS. “Our agreement will be a critical component of SMUD’s Zero Carbon Plan. We’re pleased to partner with SMUD in realizing their 2030 Plan.”
SMUD’s ambitious goals are ahead of California’s statewide zero-carbon target of 2045, which is the most advanced in the country. The addition of 200 MW / 2 GWh of storage, when coupled with renewable energy sources, is equivalent to removing 284,000 metric tons of CO2 emissions per year and will provide enough energy to power 60,000 homes for 10 hours.
ESS iron flow technology provides cost-effective long-duration energy storage and is ideal for applications that require from 4-12 hours of flexible energy capacity. ESS systems provide resilient, sustainable energy storage well-suited for multiple use cases including utility-scale renewable energy installations, remote solar + storage microgrids, grid load-shifting and peak shaving, and other ancillary grid services. ESS technology is safe, non-toxic and has a 25-year lifespan without capacity fade.
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.
About SMUD
As the nation’s sixth-largest, community-owned, not-for-profit electric service provider, SMUD has been providing low-cost, reliable electricity to Sacramento County for more than 75 years. SMUD is a recognized industry leader and award winner for its innovative energy efficiency programs, renewable power technologies and for its sustainable solutions for a healthier environment. Today, SMUD’s power supply is on average about 50 percent carbon free and SMUD has a goal to reach zero carbon in its electricity production by 2030. For more information on SMUD’s Zero Carbon Plan and its customer programs, visit smud.org.
ESS
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The long-term, multi-phase partnership will supply Sakuu with ceramic battery materials for its custom, high performance, and safe 3D printed solid-state batteries
SAN JOSE, Calif.--(BUSINESS WIRE)--Sakuu (https://www.sakuu.com/), developer of the world’s first 3D printed solid-state battery, today announces that it has entered into a memorandum of understanding (MOU) with Japan’s NGK Spark Plugs CO., LTD. (“NGK”), a global leader in electrochemical materials and a tier-one industrial automotive supplier. Under the MOU, NGK will co-develop and provide ceramic materials for Sakuu’s solid-state battery production, ranging from ongoing battery material needs at its California pilot line facility, to at-scale commercialization for its additive manufactured solid-state battery line—anticipated to go to market in 2023.
“Formalizing this long-term partnership agreement with NGK for ceramic needs across our printed battery line is an important step in Sakuu’s commercialization plans,” said Arwed Niestroj, SVP Customer Enablement. “NGK is a global industry leader, and its material quality and technical expertise will allow Sakuu to rapidly advance towards bringing to market our next-generation battery line.”
Utilizing a novel method of additive manufacturing, whereby proprietary technology enables printing of glass, metals, polymer, and ceramic in a single layer, along with proprietary cell chemistry, Sakuu is positioned to deploy at-scale manufacturing of next-generation solid-state batteries—widely considered one of the biggest challenges faced by developers of solid-state batteries.
“We are happy to use our 80 years of experience in ceramic materials to collaborate with Sakuu, the clear trailblazer in 3D printing solid-state batteries. Their work is truly impressive, and we look forward to making this industry-leading solid-state battery line into a significant business opportunity for both companies,” said Keiji Suzuki, Executive Officer, R&D division.
Sakuu will 3D-print solid-state batteries that are safe, ultra-high energy density, and up to 50% smaller, 30% lighter, and less expensive to produce in high volume than currently available lithium-ion batteries. Further differentiated from other solid-state battery developers, its batteries can be printed in custom shapes and sizes due to the capabilities of its additive manufacturing platform—a new paradigm in the battery industry that can transform industrial product design and energy use across industries.
About Sakuu
Sakuu is reinventing large-scale, sustainable battery technology and manufacturing. Sakuu’s breakthrough solid-state battery cells deliver best-in-class performance, safety, and customizability in a recyclable format. Sakuu’s batteries will be produced by the transformative Kavian™ platform in gigafactory settings, which enables rapid, 3D-printed, high-volume, low-cost, and sustainable battery production to meet mass-market demand. Beyond energy production, Sakuu’s Kavian™ 3D printing platform invites transformative device manufacturing in other sectors, such as IoT and medical. Sakuu operates two facilities in Silicon Valley, California, where it is headquartered: a solid-state battery pilot line facility and a battery printing and engineering facility. To learn more, visit Sakuu.com.
About NGK SPARK PLUG CO., LTD., and the Venture Lab
NGK SPARK PLUG CO., LTD., headquartered in Nagoya, Japan, is a comprehensive ceramics processing manufacturer. We hold a world-leading share of spark plugs and automotive sensors for internal combustion engines and offer a broad lineup of semiconductor packages, cutting tools, bioceramics, and industrial ceramics. The Venture Lab is the global innovation and collaboration hub of NGK SPARK PLUG CO., LTD. Its mission is to develop innovative business solutions tackling tomorrow’s challenges in the areas of medical, utilities, and mobility. To learn more visit: https://www.ngkntk.com/ and https://ngkntkventure.com/
Pal Hollywood, Sterling Communications
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HOUSTON--(BUSINESS WIRE)--PNC Bank, National Association, as the trustee (the “Trustee”) of the San Juan Basin Royalty Trust (the “Trust”) (NYSE: SJT), today declared a monthly cash distribution to the holders (the “Unit Holders”) of its units of beneficial interest (the “Units”) of $5,794,279.94 or $0.124317 per Unit, based primarily upon the reported production of the Trust’s subject interests (the “Subject Interests”) during the month of July 2022. The distribution is payable October 17, 2022, to the Unit Holders of record as of September 30, 2022.
For the production month of July 2022, the owner of the Subject Interests, Hilcorp San Juan L.P. and the operator of the Subject Interests, Hilcorp Energy Company (collectively, “Hilcorp”), reported to the Trust net profits of $7,801,765 ($5,851,324 net royalty amount to the Trust).
Hilcorp reported $11,248,511 of total revenue from the Subject Interests for the production month of July 2022, consisting of $10,640,621 of gas revenues, $333,760 of oil revenues and $274,130 of revenue related to audit exceptions. For the Subject Interests, Hilcorp reported $3,446,746 of production costs for the production month of July 2022, consisting of $1,984,325 of lease operating expense, $1,441,804 of severance taxes and $20,617 of capital costs.
Based upon the information that Hilcorp provided to the Trust, gas volumes for the Subject Interests for July 2022 totaled 1,987,430 Mcf (2,208,256 MMBtu), as compared to 2,026,211 Mcf (2,251,345 MMBtu) for June 2022. Dividing gas revenues by production volume yielded an average gas price for July 2022 of $5.35 per Mcf ($4.82 per MMBtu), as compared to an average gas price for June 2022 of $7.50 per Mcf ($6.75 per MMBtu).
Production from the Subject Interests continues to be gathered, processed, and sold under market sensitive and customary agreements, as recommended for approval by the Trust’s Consultant. The Trustee continues to engage with Hilcorp regarding its ongoing accounting and reporting to the Trust, and the Trust’s third-party compliance auditors continue to audit payments made by Hilcorp to the Trust, inclusive of sales revenues, production costs, capital expenditures, adjustments, actualizations, and recoupments. The Trust’s auditing process has also included detailed analysis of Hilcorp’s pricing and rates charged. As previously disclosed in the Trust’s filings, these revenues and costs (along with all costs) are the subject of the Trust’s ongoing comprehensive audit process by our professional consultants and outside counsel to ensure full compliance with all the underlying operative Trust agreements and evaluating all available potential remedies in the event there is evidence of non-compliance.
Except for historical information contained in this news release, the statements in this news release are forward-looking statements that are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements generally are accompanied by words such as “estimates,” “anticipates,” “could,” “plan,” or other words that convey the uncertainty of future events or outcomes. Forward-looking statements and the business prospects of San Juan Basin Royalty Trust are subject to a number of risks and uncertainties that may cause actual results in future periods to differ materially from the forward-looking statements. These risks and uncertainties include, among other things, certain information provided to the Trust by Hilcorp, volatility of oil and gas prices, governmental regulation or action, litigation, and uncertainties about estimates of reserves. These and other risks are described in the Trust’s reports and other filings with the Securities and Exchange Commission.
San Juan Basin Royalty Trust
PNC Bank, National Association
PNC Asset Management Group
2200 Post Oak Blvd., Floor 18
Houston, TX 77056
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Kaye Wilke, Investor Relations, toll-free: (866) 809-4553
Following Successful Launch of $500 Strike 5MS Cap Power and Domestic Gas Contracts the regulated Australian derivatives exchange market operator FEX Global to launch Large-Scale Generation Certificate (LGC) Futures and Options Contract subject to all requisite regulatory permissions.
SYDNEY--(BUSINESS WIRE)--FEX Global, which operates a licensed Australian Futures Exchange this week successfully launched its $500 Strike 5MS Cap Power Quarterly Futures and Options contracts. The contract adds to the existing FEX Global energy futures offering and has been listed in response to persistent higher prices and increased volatility in Australian wholesale power markets. It is anticipated that the new contract will give energy market participants an additional targeted risk management tool in addition to providing risk margin efficiencies.
The exchange has now announced its plans for Large-Scale Generation Certificate (LGC) Futures and Options Contracts.
The LGC program was created by the Australian Government as part of its Renewable Energy Target (RET), a scheme designed to reduce greenhouse gas emissions in the electricity sector and encourage the generation of power from sustainable and renewable resources.
Thomas Price, Director of FEX Global commented: “Fair and orderly environmental financial product markets are critical to the development of this significant asset class. Financial markets accelerate investment, widen participation and give price and risk signals for investment allocation and therefore act as economic activity multipliers.”
Price continued, “Australia is undergoing a profound and accelerating pace of change in new energy sources. The environmental asset class deserve, at a minimum, the same level of market integrity and product availability that is mandated for traditional energy and commodity markets.”
Les Hosking, FEX Global Group executive Market Structure and former Sydney Futures Exchange CEO commented: “Licensed and supervised derivative markets introduce additional elements important for the operation of fair and orderly markets. Price transparency, market integrity rules, compliance, credit risk transfer, cyber security and stable market structures all assist with enabling and promoting further market participation. The elimination of OTC bilateral counterparty risk and the market anonymity provided via on exchange trading further incentivise and facilitate larger traditional financial market institutions to support these markets”.
Hosking added: “FEX Global alongside its partner Mercari has extensive derivative product and market design experience. Working alongside industry experts we will continue to add to our suite of environmental derivative products subject to regulatory permissions.”
About LGCs
Large-scale generation certificates (LGCs) are an instrument that is created and sold to incentivise the development of renewable energy power stations in Australia.
LGCs are issued by power stations that generate electricity from renewable energy sources. One LGC is created per megawatt hour (MWh) of renewable electricity generated, and surrendered (or retired) for every MWh purchased. The REC Registry is where LGCs are stored, and is managed by the Australian Government's Clean Energy Regulator.
For further information, visit the Clean Energy Regulator website. https://www.cleanenergyregulator.gov.au/
About FEX Global
FEX Global is an Australian Market Licenced Operator of exchange traded and centrally cleared derivatives contracts.
FEX Global is focused on enabling the optimisation of hedging and risk management for market participants by providing futures and options for both commodity and energy markets, as well as emerging renewable energy and environmental markets.
Follow FEX Global @FEX_GLOBAL
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Industry-leading financing providers Dividend, Mosaic, and Sungage Financial support the Aurora solar community
SAN FRANCISCO--(BUSINESS WIRE)--#SaaS--Aurora Solar, a cloud-based platform creating a future of solar for all by powering industry professionals to make solar simple and predictable, today announced Dividend, Mosaic, and Sungage Financial as key integrations for the Aurora platform. The addition of these new partners will provide solar installers and their homeowner customers with simple, accessible funding to go solar. Aurora’s partner ecosystem empowers solar installers with the freedom to build a high-performing solar tech stack, tailored to their needs.
“As the Inflation Reduction Act makes solar more accessible, we expect a large increase in the number of homeowners looking to go solar. It’s critical that the industry makes the solar experience as quick and easy as possible, from the first call, to the proposal and financing, to installation,” said Sam Adeymo, CRO and co-founder, Aurora Solar. “With Dividend, Mosaic, and Sungage Financial joining Aurora’s partner ecosystem — which makes financing accessible in one easy portal — we will collectively help the solar community sell, finance, and install solar faster and more effectively than ever before.”
Key financing partners within the Aurora partner ecosystem include:
To learn more about Aurora Solar, meet us at RE+ (booth #2464) today through September 22.
About Aurora Solar
Aurora is creating a future of solar for all. The company is putting the power of data and technology into the hands of every solar professional to make solar adoption simple and predictable. The cloud-based platform uses data, automation, and AI to streamline workflows and grow solar businesses faster. More than 7,000 of the industry's top organizations rely on Aurora and over 10 million solar projects have been designed with the platform globally. The San Francisco-based company was the only climate tech business named to the 2022 Forbes AI 50 and was voted the best solar software by Solar Power World in 2021. For more information, visit www.aurorasolar.com and follow on Twitter @AuroraSolarInc.
Karen DeVincent-Reinbold
PR & communications director
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PROVIDENCE, R.I.--(BUSINESS WIRE)--Citizens announced today that it has entered into a power purchase agreement with Ørsted, supporting the construction of the Sunflower Wind Project, which will match 100% of Citizens’ power consumption across its entire operational footprint with renewable energy credits.
“The Sunflower Wind Project marks an important milestone for Citizens as we continue our journey to support a more sustainable future alongside our customers, colleagues, shareholders and communities,” said Beth Johnson, Chief Experience Officer and Head of ESG at Citizens. “We’re proud that this project will bring more renewable energy into the power grid and stimulate the local economy.”
The Sunflower Wind Project is a 200-Megawatt (MW) wind generation facility in Marion County, Kansas. Ørsted began construction of the project in 2022 and by 2023 it is expected to generate enough electricity to power approximately 96,000 homes annually. Citizens’ share of the project is 25.8 MWs.
Citizens is making a long-term commitment to buy a share of the renewable electricity produced by the wind project. The electricity generated will be delivered to and resold in the local electricity grid while Citizens utilizes the associated renewable energy credits (RECs) to achieve 100% renewable power.
Sunflower Wind will create at least 200 jobs during construction and will require ongoing support for operations and maintenance over the 30-year estimated life of the project. It will also inject new revenue into the tax base, generating tens of millions in new property tax revenue over the project life without an increase in demand for local infrastructure, schools, or emergency services.
Ørsted has set science-based climate targets to reduce the environmental impacts of its business, and is committed to decarbonizing its supply chain, while publicly disclosing its progress. The company also has a strong track record of community engagement and support for local economies in the development of renewable energy facilities.
“We’re pleased to include Citizens as a new customer to Ørsted and look forward to helping Citizens achieve their renewable electricity goals for many years to come,” said Ben Pratt, Senior Vice President of Markets & Revenue at Ørsted.
Citizens understands that banks play a critical role in accelerating the transition to a lower carbon economy. The Bank’s sustainability strategy includes a commitment to reducing its operational impact on the environment, understanding and managing the risks and opportunities presented by climate change, and helping customers plan for and manage climate change impact.
The Bank seeks to provide financing for green technologies and businesses, such as renewable energy, and to develop sustainability-linked products and innovation. This focus on sustainable growth enables Citizens to better serve clients while at the same time delivering attractive returns for shareholders and addressing one of society’s greatest challenges.
To learn more about Citizens’ sustainability efforts, please read the recently released 2021 Corporate Responsibility Report, Creating a Brighter Tomorrow, which highlights enterprise-wide initiatives that advance the Bank’s commitment to responsible citizenship. Later this year, Citizens will issue its inaugural climate report, aligned with the recommendations from the Task Force on Climate-Related Financial Disclosures.
Citizens was assisted in the execution of the power purchase agreement by Schneider Electric’s Sustainability Business and DLA Piper’s Energy and Natural Resources Group.
About Citizens Financial Group, Inc.
Citizens Financial Group, Inc. is one of the nation’s oldest and largest financial institutions, with $226.7 billion in assets as of June 30, 2022. Headquartered in Providence, Rhode Island, Citizens offers a broad range of retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations and institutions. Citizens helps its customers reach their potential by listening to them and by understanding their needs in order to offer tailored advice, ideas and solutions. In Consumer Banking, Citizens provides an integrated experience that includes mobile and online banking, a full-service customer contact center and the convenience of approximately 3,300 ATMs and approximately 1,200 branches in 14 states and the District of Columbia. Consumer Banking products and services include a full range of banking, lending, savings, wealth management and small business offerings. In Commercial Banking, Citizens offers a broad complement of financial products and solutions, including lending and leasing, deposit and treasury management services, foreign exchange, interest rate and commodity risk management solutions, as well as loan syndication, corporate finance, merger and acquisition, and debt and equity capital markets capabilities. More information is available at www.citizensbank.com or visit us on Twitter, LinkedIn or Facebook.
About Ørsted
Ørsted develops, constructs, and operates offshore and onshore wind farms, solar farms, energy storage facilities, renewable hydrogen and green fuels facilities, and bioenergy plants. 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). 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 recognized on the CDP Climate Change A List as a global leader on climate action. Headquartered in Denmark, Ørsted employs 6,836 people. Ørsted's shares are listed on Nasdaq Copenhagen (Orsted). In 2021, the group's revenue was DKK 77.7 billion (EUR 10.4 billion).
Media
Rory Sheehan
VP, Media Relations, Citizens
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Cybersecurity and Diversity, Equity & Inclusion Leader to lead launch of RegOps movement to shift compliance left into the modern era
TYSONS CORNER, Va.--(BUSINESS WIRE)--RegScale, a leading continuous compliance automation software company, today announced the appointment of cybersecurity industry veteran and diversity, equity and inclusion thought leader Larry Whiteside, Jr., to Chief Information Security Officer (CISO).
Whiteside, Jr., is President and Co-Founder of Cyversity, a 501(c) 3 non-profit organization that is dedicated to the academic and professional success of Minority Cybersecurity students and professionals. Cyversity offers members undergraduate and postgraduate scholarships, leadership training, professional development, mentoring opportunities, career placement services and more.
“I am thrilled to join the industry leaders and experts here at RegScale who have succeeded in developing the world’s first real-time Governance Risk and Compliance platform,” said Whiteside, who spearheaded Cyversity’s mission to achieve consistent representation of women and underrepresented minorities in the cybersecurity industry through programs designed to diversify, educate, and empower. “Just as Cyversity is changing the face of cybersecurity with a diverse community of cyber professionals, so too is RegScale revolutionizing the compliance industry by bridging the divide between security and compliance.”
As CISO, he will lead the launch of RegScale’s highly anticipated RegOps Community, intended to revolutionize the industry’s approach to compliance by enabling heavily regulated organizations to evolve and improve compliance and trust at a faster pace than organizations using traditional compliance artifact development and compliance management processes. Whiteside joins RegScale following two decades of private sector cybersecurity leadership, prior to which he served as an officer in the U.S. Air Force focused on cybersecurity.
“RegScale is creating more than just software, we are spearheading a compliance movement that is based on a set of well-defined principles and establishing a new discipline known as RegOps,” said Anil Karmel, co-founder and chief executive officer, RegScale. “Larry’s depth of experience building the Cyversity Community from the ground up, along with the trust and respect he has garnered industry-wide in doing so, set him apart as the ideal candidate to lead the RegOps Community.”
“The RegScale team continues to demonstrate their depth of collective experience in solving the most difficult and complex compliance problems facing large, regulated enterprises while leveraging an easy-to-implement, scalable platform,” said Jay Leek, managing partner, SYN Ventures, and chairman, Board of Advisors at RegScale. Earlier this month, RegScale announced the completion of a $20 million Series A funding round led by SYN Ventures.
To learn more about the RegOps Movement and to get started on your compliance journey, register for a free account today.
About RegScale
Founded in 2021, RegScale delivers continuous compliance automation for heavily regulated industries, freeing organizations from paper via its security and compliance automation software. Through its Continuous Compliance Automation platform, RegScale is designed to meet any regulatory requirement with 80+ compliance requirements such as NIST, ISO, SOX, CMMC, and NERC-CIP supported out of the box and the ability for RegScale to digitize any regulation in days. For more information, visit: https://www.regscale.com/.
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Simplifies storage, solar, and EV charging asset deployment and management, helps maximize economic and environmental value at scale
SAN FRANCISCO--(BUSINESS WIRE)--Stem (NYSE: STEM), a global leader in AI-driven clean energy solutions and services, today announced its newly unified clean energy management platform, Athena®, to help make storage, solar, and EV charging asset ownership simpler and more valuable for businesses. With Athena, developers, owners, and engineering, procurement, and construction firms (EPCs) across all segments can confidently deploy and monetize clean energy technologies at scale through an extensible platform. From design and procurement to installation and operational management, Athena delivers more accurate models, optimally sized projects, and helps reduce risk. As a result, businesses can lower site utility costs, reduce carbon impacts, provide energy resilience, and maximize savings and revenues for their customers.
“From the beginning, we built Athena as an open, extensible platform and as the market evolves, Athena continues to be the trusted enterprise platform that maximizes outcomes across clean energy asset portfolios,” said Larsh Johnson, Chief Technology Officer at Stem. “Now with our seamlessly integrated storage, solar, and EV solutions and services, Athena is able to bring new and unique value streams to our customers that they’ve not been able to tap before.”
Athena offers a comprehensive view across a broad array of clean energy assets delivering an extensive suite of applications and AI-powered capabilities to uncover further value across assets including:
“As we continue to scale our solar and energy storage business nationwide, Stem has become one of ForeFront Power’s preferred partners to fuel growth. For projects on which we select Stem as a partner, we’re looking forward to the integrated view of our assets and superior optimization that Athena plus PowerTrack will deliver to our customers,” said Michael Smith, CEO of ForeFront Power.
With more than 30 gigawatts (GW) of solar, energy storage, and EV charging assets under Athena management across 50 countries, Athena, coupled with Stem’s energy experts, continues to help clean energy leaders navigate the challenges of evolving trends like supply chain constraints while capitalizing on opportunities such as the 30+% investment tax credits for stand-alone battery storage and broader EV infrastructure projects that the Inflation Reduction Act of 2022 offers.
Learn more about the Athena platform at RE+ 2022 at the Stem + AlsoEnergy booth, #1622.
About Stem
Stem provides clean energy solutions and services designed to maximize the economic, environmental, and resiliency value of energy assets and portfolios. Stem’s leading AI-driven enterprise software platform, Athena® enables organizations to deploy and unlock value from clean energy assets at scale. Powerful applications, including AlsoEnergy’s PowerTrack, simplify and optimize asset management and connect an ecosystem of owners, developers, assets, and markets. Stem also offers integrated partner solutions to help improve returns across energy projects, including storage, solar, and EV fleet charging. For more information, visit www.stem.com.
Forward-Looking Statements
This release, as well as other statements we make, contain “forward-looking statements” within the meaning of the federal securities laws, which include any statements that are not historical facts. Such statements often contain words such as “expect,” “may,” “can,” “believe,” “predict,” “plan,” “potential,” “projected,” “projections,” “forecast,” “estimate,” “intend,” “anticipate,” “ambition,” “goal,” “target,” “think,” “should,” “could,” “would,” “will,” “hope,” “see,” “likely,” and other similar words. Forward-looking statements address matters that are, to varying degrees, uncertain, such as statements about the success of the integrated Athena PowerTrack platform and the opportunities as a result of the Inflation Reduction Act of 2022. Such forward-looking statements are subject to risks, uncertainties, and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, including but not limited to our inability to secure sufficient inventory from our suppliers to meet customer demand, and provide us with contracted quantities of equipment; supply chain interruptions and manufacturing or delivery delays; disruptions in sales, production, service or other business activities; general economic, geopolitical and business conditions in key regions of the world, including inflationary pressures, general economic slowdown or a recession, increasing interest rates, and changes in monetary policy; the ongoing effects of the COVID-19 pandemic on our workforce, operations, financial results and cash flows; the effects of the ongoing conflict in Ukraine; the risk that the total addressable market as a result of the Inflation Reduction Act of 2022 is not as expected; the results of operations and financial condition of our customers and suppliers; our inability to achieve our financial and performance targets and other forecasts and expectations; the risk that the global commitment to decarbonization may not materialize as we predict, or even if it does, that we might not be able to benefit therefrom; our inability to help customers reduce GHG emissions to the extent desired; our inability to integrate and optimize energy resources; pricing pressure; inflation; weather and seasonal factors; challenges, disruptions and costs of integrating AlsoEnergy and achieving anticipated synergies, or such synergies taking longer to realize than expected; risks that the integration disrupts current plans and operations that may harm our business; uncertainty as to the effects of the transaction on the long-term value of our common stock; our ability to continue to grow and to manage our growth effectively; our ability to attract and retain qualified employees and key personnel; our ability to comply with, and the effect on their businesses of, evolving legal standards and regulations, particularly concerning data protection and consumer privacy and evolving labor standards; risks relating to the development and performance of our energy storage systems and software-enabled services; our inability to retain or upgrade current customers, further penetrate existing markets or expand into new markets; the risk that our business, financial condition and results of operations may be adversely affected by other political, economic, business and competitive factors; and other risks and uncertainties set forth in our most recent Forms 10-K, 10-Q and 8-K filed with or furnished to the SEC. If one or more of these or other risks or uncertainties materialize (or the consequences of any such development changes), or should our underlying assumptions prove incorrect, actual outcomes may vary materially from those reflected in our forward-looking statements. Statements in this press release are made as of the date of this release, and Stem disclaims any intention or obligation to update publicly or revise such statements, whether as a result of new information, future events or otherwise.
Source: Stem, Inc.
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With new brand identity, Renewa plans continued expansion of renewable energy land holdings
HOUSTON--(BUSINESS WIRE)--Paloma Solar & Wind (PSW), a leading land financing company serving the clean energy industry, announced today a company name change to Renewa to reflect the company’s overall progress and commitment to the future of renewable energy across the U.S. Renewa provides a range of financing solutions to landowners and renewable energy project developers. Effective immediately, PSW will now be known as Renewa.
“Renewa speaks to our mission of providing long-term land financing solutions to sustainable energy projects that protect our planet,” said Stephen Lee, Renewa Co-Founder and Co-CEO. “We’ve remained laser-focused on establishing our company as a leader in renewable energy land financings. With this new name, our branding can now reflect that growth and we’re thrilled to see this next step come to life.”
Renewa is one of the largest independent providers of specialized land financing solutions to the clean energy sector in the U.S., channeling flexible and long-term capital to facilitate the energy transition. Financial solutions are provided to landowners and renewable energy project developers through the acquisition of leasehold interests, land, rental streams and royalty incomes.
“We want to bring financial solutions to landowners, stakeholders, investors and families across the U.S. clean energy sector,” said Gage Mooring, Renewa Co-Founder and Co-CEO. “The name change is the latest step in aligning our core company identity with our vision for the future. We’re excited to usher in this next phase as a company.”
Renewa is present across six field offices and owns assets in over fifteen states across the U.S.
About Renewa
Renewa is a renewable energy land financing company, providing financing solutions to landowners and renewable energy project developers through the acquisition of leasehold interests, land, rental streams and royalty incomes. Renewa is backed by U.S. pension capital, channeling local long-term capital to fund local renewable energy projects with local partners and landowners.
For more information, please visit: www.renewa.com or follow us on LinkedIn.
To request an offer from Renewa, please visit: www.renewa.com/request-an-offer/
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Linnea Lipson
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Interoperable solutions to ease EV charging infrastructure deployment and management and help maximize asset value
SAN FRANCISCO--(BUSINESS WIRE)--Stem (NYSE: STEM), a global leader in AI-driven clean energy solutions and services, today announced its partnership with InCharge Energy, a fleet electrification services leader, to equip businesses with a complete EV fleet infrastructure solution to maximize their charging assets. The offering combines Athena ®, Stem’s clean energy management platform, with InCharge Energy’s “In-Control” software platform, giving fleet owners the tools to manage EV charger loads with clean energy using solar and storage, optimize utility bills, build out EV charging in areas of the grid that are constrained, and monitor progress toward environmental, social and governance (ESG) goals.
With a focus on EV fleet charging depots and high-power fast charging hubs, the offering will help businesses navigate the complicated and historically expensive EV market nuances and take advantage of energy storage’s unique ability to integrate EVs and distributed energy assets. From design and procurement to installation and operational management, the combined offering is expected to help EV assets achieve operational excellence.
The partnership between Stem and InCharge will enable the development of a powerful software suite for commercial charging projects. Stem’s Athena platform was specifically designed to manage significant energy demands like those of heavy-duty EV fleets by charging the battery with excess solar and discharging it to EV infrastructure later in the day when PV is no longer available. When integrated with InCharge Energy’s In-Control charging management platform, Athena’s AI-powered analytics offers key value drivers including:
“Stem is excited to partner with InCharge Energy to bring the power of our best-in-class solar, storage and EV charging solutions to fleet owners and operators looking to create additional project value,” said Alan Russo, Chief Revenue Officer at Stem. “Our energy and EV charging solutions work seamlessly together, putting value streams like charging fleets during grid outages and charging-from-solar within immediate reach. Plus, with the passing of the Inflation Reduction Act, our energy experts can help businesses take advantage of the 30+% tax credits for stand-alone energy storage and significant additional incentives for commercial EV deployment to lower EV project costs making this an unprecedented time to deploy systems as part of short and long-term EV strategies.”
“As a leading developer of commercial EV charging systems, InCharge Energy has the expertise to simplify every aspect of EV infrastructure design and development to accelerate the adoption of electric fleets,” said Stephen Kelley, Chief Commercial Officer at InCharge Energy. “Our solutions, combined with Stem’s leading storage and solar solutions and services, mean that our customers will have the peace of mind knowing their EV assets are reliable, scalable, and will continue to drive value.”
Learn more about Stem and InCharge Energy’s offering by joining us at RE+ 2022 where Stem will be discussing the importance of solar and storage in eMobility strategies.
About InCharge Energy
InCharge Energy is on the frontlines of large-scale emissions reduction, accelerating the electrification of the transportation industry – one commercial fleet at a time. With end-to-end, turnkey solutions for commercial EV infrastructure projects, InCharge Energy equips fleet managers with the top brands in charging hardware and software; customized hardware and software products; short-, mid- and long-range plans for seamless fleet and facilities transition to EVs; financing; and maintenance and corrective repairs over the life of the charging assets. InCharge develops innovative hardware, software and services designed and engineered specifically for fleets, such as service-dispatch-integrated software, fleet-management-integrated software, electricity load management, durable cable management products and high-reliability maintenance, repair and warranty services. Whether a fleet has 200 sedans or 20,000 Class 8 trucks, the team at InCharge serves a diverse clientele throughout North America, including major commercial fleets, truck and bus manufacturers, rideshare operators, EV manufacturers, school districts, municipalities and facilities owners, among many others. Headquartered in the world's first zero-emissions delivery zone in Santa Monica, Calif., InCharge Energy was founded by EV industry veterans Cameron Funk and Terry O'Day. The company has additional operations in San Francisco, Michigan and Virginia. More information about InCharge Energy and its services can be found at www.inchargeus.com. You can also follow In-Charge on LinkedIn, Instagram and Twitter.
About Stem
Stem (NYSE: STEM) provides clean energy solutions and services that maximize the economic, environmental, and resiliency value of energy assets and portfolios. Stem’s leading AI-driven enterprise software platform, Athena® enables organizations to deploy and unlock value from clean energy assets at scale. Powerful applications, including AlsoEnergy’s PowerTrack, simplify and optimize asset management and connect an ecosystem of owners, developers, assets, and markets. Stem also offers integrated partner solutions that improve returns across energy projects, including storage, solar, and EV fleet charging. For more information, visit www.stem.com.
Forward-Looking Statements
This release, as well as other statements we make, contain “forward-looking statements” within the meaning of the federal securities laws, which include any statements that are not historical facts. Such statements often contain words such as “expect,” “may,” “can,” “believe,” “predict,” “plan,” “potential,” “projected,” “projections,” “forecast,” “estimate,” “intend,” “anticipate,” “ambition,” “goal,” “target,” “think,” “should,” “could,” “would,” “will,” “hope,” “see,” “likely,” and other similar words. Forward-looking statements address matters that are, to varying degrees, uncertain, such as the success of the Stem – InCharge partnership. Such forward-looking statements are subject to risks, uncertainties, and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, including but not limited to changing business, economic and political conditions in the markets in which we operate; the ongoing effects of the COVID-19 pandemic on our workforce, operations, financial results and cash flows; the effects of the ongoing conflict in Ukraine; our inability to secure sufficient inventory from our suppliers to meet customer demand, and provide us with contracted quantities of equipment; supply chain interruptions and manufacturing or delivery delays; disruptions in sales, production, service or other business activities; the risk that the total addressable market as a result of the Inflation Reduction Act is not as expected; the results of operations and financial condition of our customers and suppliers; our inability to achieve our financial and performance targets and other forecasts and expectations; the risk that the global commitment to decarbonization may not materialize as we predict, or even if it does, that we might not be able to benefit therefrom; our inability to help customers reduce GHG emissions to the extent desired; our inability to integrate and optimize energy resources; pricing pressure; inflation; weather and seasonal factors; general economic, geopolitical and business conditions in key regions of the world, including inflationary pressures, general economic slowdown or a recession, increasing interest rates, and changes in monetary policy; challenges, disruptions and costs of integrating our company following our acquisition of AlsoEnergy and achieving anticipated synergies, or such synergies taking longer to realize than expected; risks that the integration disrupts current plans and operations that may harm our business; uncertainty as to the effects of the transaction on the long-term value of our common stock; our ability to continue to grow and to manage our growth effectively; our ability to attract and retain qualified employees and key personnel; our ability to comply with, and the effect on their businesses of, evolving legal standards and regulations, particularly concerning data protection and consumer privacy and evolving labor standards; risks relating to the development and performance of our energy storage systems and software-enabled services; our inability to retain or upgrade current customers, further penetrate existing markets or expand into new markets; the risk that our business, financial condition and results of operations may be adversely affected by other political, economic, business and competitive factors; and other risks and uncertainties set forth in our most recent Forms 10-K, 10-Q and 8-K filed with or furnished to the SEC. If one or more of these or other risks or uncertainties materialize (or the consequences of any such development changes), or should our underlying assumptions prove incorrect, actual outcomes may vary materially from those reflected in our forward-looking statements. Statements in this press release are made as of the date of this release, and Stem disclaims any intention or obligation to update publicly or revise such statements, whether as a result of new information, future events or otherwise.
Source: Stem, Inc.
InCharge Energy Media Contact
Alex Kreager
Brand Ally Communications
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Stem Media Contact
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By converting its fleet customers in three major markets to renewable diesel, the company has transitioned nearly every California fleet customer to sustainable alternative fuel
SAN MATEO, Calif.--(BUSINESS WIRE)--#renewablediesel--Recognizing fleet customers’ growing demand for lower-carbon energy sources, Booster®, the leading tech-driven mobile energy delivery company, announces that it has expanded its renewable diesel product offering to three new markets in California. The move enables nearly 50 Booster-fueled fleets in Sacramento, San Jose and San Diego — totalling nearly 1,000 fleet vehicles serviced daily — to slash their greenhouse gas (GHG) emissions by up to 70%.
This expansion marks a major milestone: With the transition of these fleet vehicles to renewable diesel, Booster has converted nearly all its diesel-powered fleet customers in California to sustainable alternative fuel, reflecting the company’s commitment to continuously upgrading its product offerings to meet growing demand for cleaner energy solutions. With the addition of these new markets to Booster’s existing renewable diesel offerings in Orange County and the San Francisco Bay Area, the mobile fueling company now offers renewable diesel in a total of five major locations.
Renewable diesel is made from biomass and categorized by the U.S. Department of Energy as an emerging alternative fuel that can significantly reduce a diesel fleet’s lifecycle GHG emissions while still maintaining high performance. Renewable diesel can also blend with traditional diesel fuels, allowing users to easily transition back and forth between fuel sources. It requires no modifications, upgrades or changes to the equipment, vehicles or service provided.
“Renewable diesel offers an immediate solution for fleets that are looking to decarbonize their operations without sacrificing performance, or requiring expensive equipment or infrastructure modifications or upgrades,” said Frank Mycroft, Booster CEO and founder. “By expanding service to these major markets in California, Booster has made significant progress in helping our fleet customers make good on their sustainability and decarbonization goals.”
Booster currently offers a renewable diesel primarily through a strategic partnership with Renewable Energy Group (REG), a leading producer and provider of renewable diesel, biodiesel, and blended fuels (REG was acquired by Chevron earlier this year). The partnership, which makes Booster one of the first mobile energy delivery companies to secure a consistent supply of next-generation renewable diesel products, provides customers with broader access to lower-carbon fuels. Currently, out of about 145,000 gas stations in the U.S., only 6,003 carry alternative fuels (including compressed natural gas, ethanol, biodiesel and hydrogen) — fewer than 0.5%.
Visit BoosterUSA.com for more information about product offerings.
Editor’s Notes
About Booster
Booster is a tech-driven mobile energy delivery company on a mission to fuel the energy transition. Headquartered in San Mateo, California, Booster delivers conventional and renewable fuels directly to fleet vehicles nationwide, lowering carbon emissions, reducing costs, and providing access to renewable fuels. At a time when the urgent desire to transition to a more sustainable energy future is far outpacing the development of infrastructure, Booster provides a critical solution for Amazon, Imperfect Foods, UPS, and hundreds of other customers — no filling stations, truck stops, or off-route trips required. For more information, visit boosterusa.com.
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