BOSTON--(BUSINESS WIRE)--Advent Technologies Holdings, Inc. (NASDAQ: ADN) ("Advent" or the "Company"), an innovation-driven leader in the fuel cell and hydrogen technology sectors, is pleased to announce the signing of a three-year agreement with the German State of Brandenburg for the supply of methanol-powered fuel cell systems, which will be installed in select critical communication sites in the region.
Advent's methanol-powered fuel cell systems will be used as a back-up power source for Brandenburg's BOS digital radio network, replacing the diesel-driven emergency power systems at several sites over the next three years. Germany's old public safety and security infrastructure relied on an outdated analogue radio system for communication. BOS is a digital, encrypted, and secure means of communication. The new BOS network allows first responders and other public safety officials to communicate easily and securely. The BOS network now covers 99.2% of German territory.
Advent's solution was selected as part of a tender launched by the German State of Brandenburg, which requested that fuel cell and hydrogen technology companies submit proposals for sustainable and reliable emergency power supply solutions. Prior to Advent's selection, the performance of the Company's methanol-powered fuel cells was tested at a site of the BOS digital radio network in Brandenburg, providing further proof of concept for the use of HT-PEM fuel cells as an efficient back-up power source for critical infrastructure applications. Advent's methanol-powered fuel cells deliver reliable power in an environmentally friendly way – reducing CO2 emissions and operating silently – while having a low impact on the surroundings. Methanol, as a carrier of hydrogen, allows simpler storage than pure hydrogen and enhances the safety of operations.
"We are thrilled that the German State of Brandenburg endorses Advent’s products for Brandenburg’s critical communication needs and are confident that Advent’s methanol-powered fuel cell systems will ensure the seamless operation of the entire BOS digital radio network in the region. This new partnership marks a major step towards the wider adoption of HT-PEM fuel cells as a back-up power source in critical infrastructure applications across Europe. We look forward to joining similar projects in the near future,” stated Advent Technologies GmbH Senior Vice President, Daniel Hennig.
"The Advent team is proud and excited to start this new collaboration with the German State of Brandenburg. Now, more than ever, the world needs zero-emission back-up power solutions to ensure a clean and uninterrupted energy supply. Today's agreement is another testament on how Advent’s methanol-powered fuel cells can play a major role in supporting critical infrastructure power requirements around the globe. We look forward to a long and successful collaboration with our new partner," added Dr. Vasilis Gregoriou, Advent Technologies Chief Executive Officer and Executive Chairman of the Board.
About Advent Technologies Holdings, Inc.
Advent Technologies Holdings, Inc. is a U.S. corporation that develops, manufactures, and assembles complete fuel cell systems as well as supplying customers with critical components for fuel cells in the renewable energy sector. Advent is headquartered in Boston, Massachusetts, with offices in California, Greece, Denmark, Germany, and the Philippines. With more than 150 patents issued, pending, and/or licensed for fuel cell technology, Advent holds the IP for next-generation HT-PEM that enables various fuels to function at high temperatures and under extreme conditions – offering a flexible fuel option for the automotive, aviation, defense, oil and gas, marine, and power generation sectors. For more information, visit www.advent.energy.
Cautionary Note Regarding Forward-Looking Statements
This press release includes forward-looking statements. These forward-looking statements generally can be identified by the use of words such as “anticipate,” “expect,” “plan,” “could,” “may,” “will,” “believe,” “estimate,” “forecast,” “goal,” “project,” and other words of similar meaning. Each forward-looking statement contained in this press release is subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statement. Applicable risks and uncertainties include, among others, the Company’s ability to maintain the listing of the Company’s common stock on Nasdaq; future financial performance; public securities’ potential liquidity and trading; impact from the outcome of any known and unknown litigation; ability to forecast and maintain an adequate rate of revenue growth and appropriately plan its expenses; expectations regarding future expenditures; future mix of revenue and effect on gross margins; attraction and retention of qualified directors, officers, employees and key personnel; ability to compete effectively in a competitive industry; ability to protect and enhance Advent’s corporate reputation and brand; expectations concerning its relationships and actions with technology partners and other third parties; impact from future regulatory, judicial and legislative changes to the industry; ability to locate and acquire complementary technologies or services and integrate those into the Company’s business; future arrangements with, or investments in, other entities or associations; and intense competition and competitive pressure from other companies worldwide in the industries in which the Company will operate; and the risks identified under the heading “Risk Factors” in Advent’s Annual Report on Form 10-K filed with the Securities and Exchange Commission (“SEC”) on March 31, 2022, as well as the other information filed with the SEC. Investors are cautioned not to place considerable reliance on the forward-looking statements contained in this press release. You are encouraged to read Advent’s filings with the SEC, available at www.sec.gov, for a discussion of these and other risks and uncertainties. The forward-looking statements in this press release speak only as of the date of this document, and the Company undertakes no obligation to update or revise any of these statements. Advent’s business is subject to substantial risks and uncertainties, including those referenced above. Investors, potential investors, and others should give careful consideration to these risks and uncertainties.
Advent Technologies Holdings, Inc.
Elisabeth Maragoula/Michael Trontzos
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HOUSTON--(BUSINESS WIRE)--Permianville Royalty Trust (NYSE: PVL, the “Trust”) today announced a cash distribution to the holders of its units of beneficial interest of $0.050500 per unit, payable on October 17, 2022 to unitholders of record on September 30, 2022. The net profits interest calculation represents reported oil production for the month of June 2022 and reported natural gas production during May 2022. The calculation includes accrued costs incurred in July 2022.
The following table displays reported underlying oil and natural gas sales volumes and average received wellhead prices attributable to the current and prior month recorded net profits interest calculations.
|
|
Underlying Sales Volumes |
|
Average Price |
||||||||||
|
|
Oil |
|
Natural Gas |
|
Oil |
|
Natural Gas |
||||||
|
|
Bbls |
|
Bbls/D |
|
Mcf |
|
Mcf/D |
|
(per Bbl) |
|
(per Mcf) |
||
Current Month |
|
37,873 |
|
1,262 |
|
287,116 |
|
9,262 |
|
$ |
110.92 |
|
$ |
6.85 |
Prior Month |
|
37,350 |
|
1,205 |
|
297,117 |
|
9,904 |
|
$ |
107.77 |
|
$ |
5.37 |
Recorded oil cash receipts from the oil and gas properties underlying the Trust (the “Underlying Properties”) totaled $4.2 million for the current month on realized wellhead prices of $110.92/Bbl, up $0.2 million from the prior month’s oil cash receipts.
Recorded natural gas cash receipts from the Underlying Properties totaled $2.0 million for the current month on realized wellhead prices of $6.85/Mcf, up $0.4 million from the prior month.
Total accrued operating expenses for the period were $2.6 million, a decrease of $0.1 million from the prior period. Capital expenditures decreased $0.8 million from the prior period to $0.9 million.
Given the increase in rig count and operator activity on the Underlying Properties, COERT Holdings 1 LLC (the “Sponsor”) has notified the Trustee that it is withholding $0.3 million from the current month’s net profits to be added to the Sponsor’s previously established cash reserve for approved, future development expenses this year. With this addition, the total reserve is currently approximately $1.0 million. This reserve is intended to fund an expected increase in development expenses; however, if those expenses are ultimately delayed or are less than expected, or if the outlook changes, amounts reserved but unspent will be released as an incremental cash distribution in a future period.
Capex Drilling Activity Recap and Update
In light of the incurred, announced and/or expected capital expenditures resulting from increased operator activity in 2022, below is a summary of the current status of certain notable capital projects recently undertaken on the Underlying Properties. The following table is not intended to be a comprehensive list reflecting all capital expenditures to date. As a reminder, there can often be a several-month delay from the time of capital expenditures to the time of production and cash flows attributable to the Underlying Properties, especially given the non-operated nature of the Underlying Properties.
Operator |
Region |
Number
|
Underlying Properties
|
Project |
Status |
|||||
Large Cap Major |
Haynesville |
2 |
2.5% |
D&C New Drills |
1 Drilled, Awaiting
|
|||||
Large Cap E&P 1 |
Midland |
5 |
6.6% |
D&C New Drills |
Producing, Awaiting First
|
|||||
Large Cap E&P 2 |
Conventional Permian |
N/A (Field) |
0.8% |
New Drills / Workovers |
In-process/ Continual Program |
|||||
Large Private E&P |
Haynesville |
1 |
17.2% |
Refrac |
Producing, Awaiting First
|
|||||
PE-Backed Private 1 |
Delaware |
8 |
5.4% |
D&C New Drills |
4 Producing, Awaiting First
|
|||||
PE-Backed Private 2 |
Delaware |
3 |
0.8% |
D&C New Drills |
Producing, Awaiting First
|
|||||
PE-Backed Private 3 |
Delaware |
3 |
0.8% |
D&C New Drills |
Drilling In-Process |
|||||
Private E&P 1 |
Conventional Permian |
3 |
24.0% |
New Drills / Workovers |
Producing, Awaiting First
|
|||||
Private E&P 2 |
Haynesville |
3 |
3.6% |
Refrac |
In-Process |
In addition, the Sponsor now expects that the 2022 capital expenditure program will be between $10 million and $15 million attributable to the Underlying Properties, or between $8 million and $12 million net to the Trust’s 80% Net Profits Interest, an increase from the previously disclosed expected capital expenditure program of $6 million to $8 million, or $4.8 million to $6.4 million net to the Trust’s 80% Net Profits Interest.
About Permianville Royalty Trust
Permianville Royalty Trust is a Delaware statutory trust formed to own a net profits interest representing the right to receive 80% of the net profits from the sale of oil and natural gas production from certain, predominantly non-operated, oil and gas properties in the states of Texas, Louisiana and New Mexico. As described in the Trust’s filings with the Securities and Exchange Commission (the “SEC”), the amount of the periodic distributions is expected to fluctuate, depending on the proceeds received by the Trust as a result of actual production volumes, oil and gas prices, the amount and timing of capital expenditures, and the Trust’s administrative expenses, among other factors. Future distributions are expected to be made on a monthly basis. For additional information on the Trust, please visit www.permianvilleroyaltytrust.com.
Forward-Looking Statements and Cautionary Statements
This press release contains statements that are “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. All statements contained in this press release, other than statements of historical facts, are “forward-looking statements” for purposes of these provisions. These forward-looking statements include the amount and date of any anticipated distribution to unitholders, expectations regarding the cash reserve for future development expenses and expectations regarding current and future capital expenditures and development activities on the Underlying Properties. The anticipated distribution is based, in large part, on the amount of cash received or expected to be received by the Trust from the Sponsor with respect to the relevant period. The amount of such cash received or expected to be received by the Trust (and its ability to pay distributions) has been and will continue to be directly affected by the volatility in commodity prices, which have experienced significant fluctuation since the beginning of 2020 as a result of a variety of factors that are beyond the control of the Trust and the Sponsor. Low oil and natural gas prices will reduce profits to which the Trust is entitled, which will reduce the amount of cash available for distribution to unitholders and in certain periods could result in no distributions to unitholders. Other important factors that could cause actual results to differ materially include expenses of the Trust, reserves for anticipated future expenses and the effect, impact, potential duration or other implications of the COVID-19 pandemic. In addition, future monthly capital expenditures may exceed the average levels experienced in 2021 and prior periods. Statements made in this press release are qualified by the cautionary statements made in this press release. Neither the Sponsor nor the Trustee intends, and neither assumes any obligation, to update any of the statements included in this press release. An investment in units issued by the Trust is subject to the risks described in the Trust’s filings with the SEC, including the risks described in the Trust’s Annual Report on Form 10-K for the year ended December 31, 2021, filed with the SEC on March 25, 2022. The Trust’s quarterly and other filed reports are or will be available over the Internet at the SEC’s website at http://www.sec.gov.
Permianville Royalty Trust
The Bank of New York Mellon Trust Company, N.A., as Trustee
Sarah Newell 1 (512) 236-6555
With one of the largest pipelines in the industry — enough to provide power to more than 30 million Americans — Avantus is leading the energy transition with innovation, scale and superior technology
LOS ANGELES & SAN FRANCISCO--(BUSINESS WIRE)--#cleanenergy--Avantus (formerly 8minute), a leader in the clean energy transition, today announced that it has doubled its development pipeline over the last two years. Now exceeding 50 gigawatts (GW) of system capacity, including 42 GW of solar and 78 GWh of energy storage, the company’s development pipeline is large enough to provide power for more than 30 million people, day and night. Spanning more than 90 utility-scale projects throughout California, Texas and the Southwestern United States, the development pipeline represents over $70 billion in investments.
This benchmark builds on a period of rapid growth for Avantus, which recently rebranded from 8minute to reflect its expanded scope beyond solar development to include an advanced ecosystem of clean energy products, services and technologies. Avantus will deploy a range of its proprietary smart power plant designs across its portfolio to deliver low-cost, reliable clean electricity and green hydrogen to meet the diverse needs of the power market.
“A modern grid that runs on 100% renewables will require a fundamental reimagining. As a category-defining company, Avantus is building an energy ecosystem to transform the electric grid and accelerate our country’s clean energy economy,” said Dr. Tom Buttgenbach, Founder and CEO of Avantus. “Just as the communications industry moved from unwieldy landlines and fax machines to a digitally connected world, it is time our energy generation stepped up. Our unique team of engineers, scientists and developers is pushing the technology to create the clean, networked, responsive grid of the 21st century.”
Backed by leading investors in the global energy and infrastructure sectors, the company’s commitment to continuous innovation, reduced cost and improved reliability makes Avantus a key driver in the nation’s push to reach 100 percent carbon-free electricity by 2035.
“Avantus is a clear industry leader with a proven track record of developing groundbreaking solar plants with integrated storage that have spurred the industry’s rapid growth,” said R. Blair Thomas, Chairman and CEO of EIG, an investor in Avantus. “This expanded pipeline is a testament to the company’s ability to turn big ideas into pivotal moments and impactful solutions for the clean energy industry and aligned with our commitment to laying the groundwork for a low carbon future. We’re proud to support Avantus as the company enters this next phase of growth and are committed to helping the company execute on its key initiatives.”
By integrating clean energy generation and storage into one seamless, intelligent system, Avantus’ smart power plants provide flexible, predictable output to the grid and help utilities dynamically manage load in real-time. These highly efficient power plants can respond instantaneously to provide critical grid stabilization needed with a high penetration of renewable energy generation.
The Avantus Baseload™ class of power plants offer high-capacity factors, upwards of 60% in the summer, to deliver a consistent, baseload power supply at record-low prices, matching customers’ needs in the most economical way. The Avantus Super Peaker™ replaces low-efficiency gas peakers with highly flexible clean energy during periods of peak demand at a significantly lower cost.
For the emerging green hydrogen market, the Avantus Hydrogen™ class offers an integrated plant design to optimize green hydrogen production capable of meeting multiple end-uses, from long-duration electricity storage to transportation.
Grounded in 8minute’s record-breaking history, Avantus has a proven track record of delivering above and beyond in reliability, affordability and profitability for customers, partners, and investors. In the past 10 years, the company has executed over two dozen energy offtake agreements, including multiple projects with the largest utilities in California and Nevada. Its portfolio features several historic milestones, including the largest solar cluster in the United States, the first operating solar plant to beat fossil fuel prices, and a groundbreaking project to deliver solar with storage at record-low prices.
ABOUT AVANTUS
Avantus is shaping the future by making reliable, accessible clean energy a global reality. Our legacy of leadership in next generation solar energy includes developing the nation’s largest solar cluster and the first plant to beat fossil fuel prices. Today, we are expanding the boundaries of existing technologies to build one of the largest portfolios of smart power plants with integrated storage, capable of providing 30 million people with low-cost, zero-emission energy – day and night. Through our relentless pursuit of better, we are decarbonizing our planet at the gigaton level, and bringing the advantages of clean energy to all of us.
For more information, please visit www.avantus.com, and follow Avantus on Twitter and LinkedIn.
ABOUT EIG
EIG is a leading institutional investor in the global energy and infrastructure sectors with $24.0 billion under management as of June 30, 2022. EIG specializes in private investments in energy and energy-related infrastructure on a global basis. During its 40-year history, EIG has committed over $41.5 billion to the energy sector through over 387 projects or companies in 38 countries on six continents. EIG’s clients include many of the leading pension plans, insurance companies, endowments, foundations and sovereign wealth funds in the U.S., Asia and Europe. EIG is headquartered in Washington, D.C. with offices in Houston, London, Sydney, Rio de Janeiro, Hong Kong and Seoul. For additional information, please visit EIG’s website at www.eigpartners.com.
Avantus
Katie Struble
Director, Corporate Communications
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EIG
FGS Global
Kelly Kimberly / Brandon Messina
+1 212-687-8080
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CHARLESTON, W.Va.--(BUSINESS WIRE)--Competitive Power Ventures (CPV) today announced that it has selected West Virginia for a ~1,800 MW combined-cycle natural gas power station utilizing carbon capture and storage. Following permitting and construction, the project will go into operation later this decade. The project was made possible by the advancement of the recently passed federal legislation, known as the Inflation Reduction Act, that expanded the 45Q federal tax credit for carbon capture.
“CPV is pleased to work closely with West Virginia to bring this project to fruition in the coming years. This project and technology represent a significant step forward for our Nation in deploying low carbon, dispatchable generation critical to maintaining reliability as we address our collective concerns regarding climate change,” said Gary Lambert, CEO of Competitive Power Ventures. “West Virginia has been extremely forward thinking at the local, state and national level, and we cannot thank Senator Manchin enough for his leadership in making this opportunity possible.”
The 45Q federal tax credit was recently expanded to incentivize carbon capture and sequestration for power generation. Earlier this year, the state of West Virginia passed legislation that was signed into law by Governor Jim Justice establishing state rules for carbon sequestration. Together, these two actions make West Virginia an ideal location for this investment.
“The Inflation Reduction Act is already having a positive impact for the people of West Virginia and carbon capture utilization efforts here in the United States,” said United States Senator Joe Manchin, who chairs the Senate Energy and Natural Resources Committee. “I’m pleased Competitive Power Ventures is investing in the Mountain State and look forward to seeing the benefits of this investment – including long-term, good-paying jobs and supporting our regional economies – for years to come.”
Nationwide, large technology and industrial customers have made pledges to lower their environmental footprint, which often includes the sources of energy they rely on for their operations. A low carbon baseload energy source in West Virginia will be an asset to the state’s existing manufacturing and industrial companies, while also attracting future investments.
“This is an outstanding day for West Virginia,” said Governor Jim Justice, “Competitive Power Ventures and the innovation they bring to the energy industry is amazing. We welcome them to West Virginia and will continue to support this excellent company as we compete on the world-stage to recruit the best to our great state. I couldn’t be more proud.”
“Competitive Power Ventures’ multi-billion-dollar investment in this combined-cycle power plant demonstrates that West Virginia can provide natural gas to markets in our neighboring states, as needed energy supplies for our allies abroad, as a manufacturing input here at home and across America, as well as power generation here in West Virginia,” said Senator Shelley Moore Capito. “I’m proud that my bipartisan work on the 45Q carbon capture tax credit – and in specifically calling for the addition of a direct pay option – paved the way for this project, which I hope will be the first of several carbon capture, utilization, and storage investments in West Virginia.”
The construction of the project will utilize well over 1,000 skilled tradespeople from across the region, including prevailing wage labor and apprenticeships, to fulfill the requirements created by the Inflation Reduction Act to utilize the expanded tax credits for carbon sequestration. The natural gas utilized by the facility will support hundreds of additional jobs in West Virginia.
“Pennsylvania and Ohio have built numerous combined-cycle natural gas power plants over the last few years,” said Chuck Parker, President of the WV State Building & Construction Trades Council. “Now it is finally West Virginia’s turn. We have been training our members for a project like this and will be able to supply the workforce needed.”
Numerous companies across West Virginia have been working with CPV and the project for over a year to advance it to this decision point. The project has already started the extensive regulatory approval process. Once finalized, a firm timeline for commercial operations will be announced.
About CPV
CPV Group LP, a partnership majority owned by OPC Energy Ltd., is uniquely positioned to leverage global technology and financial partnerships to help modernize America’s power generation. Together with our investors, partners, host communities and other key stakeholders, we are driven to improve our energy infrastructure by developing and operating power generation facilities using cutting edge, clean and highly efficient technologies. Headquartered in Silver Spring, MD, with an office in Braintree, MA, the company has ownership interest in 5,500 MW of clean generation across the United States and the company’s Asset Management division manages 7,335 MW of generating facilities in nine states. Our focus on Environmental, Social and Governance (ESG) and sustained track record of success have enabled us to grow into one of North America’s premier energy companies. For more information: www.cpv.com and follow CPV on Twitter and LinkedIn.
Tom Rumsey
SVP, External & Regulatory Affairs
Competitive Power Ventures
(781) 952-5974
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Amber Vineyard
Orion Strategies
(304) 621-3454
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ANAHEIM, Calif.--(BUSINESS WIRE)--APsystems, the global leader in multi-platform solar MLPE technology, unveils the QT2 series, a four-module, three-phase microinverter product line for commercial, industrial, and residential 3-phase solar applications at the RE+ International trade show in Anaheim, California.
The second generation of APsystems’ best-selling 3-Phase quad microinverter, the QT2 comes in various models being launched in multiple global regions: 208Y/120V and 480Y/277V models in the U.S., 127/220V in Latin America, and 380V for Europe and Australia. The QT2 offers higher power output than the previous generation product; 1,800W (480V) and 1,728W (208V) in the U.S., and 2,000W in EU, LATAM and Australia markets.
The QT2 is ideal for use with four high-capacity commercial PV modules from 450W to 600W+, enabled with Reactive Power Control (RPC) and UL 1741 SA (CA Rule 21) compliant. With high DC input current support up to 20A, the QT2 has been engineered to pair with the highest-power modules available in the market today, including the increasingly popular 182/210 cell panels.
Developed by the power electronics design experts comprising APsystems’ engineering and R&D teams, the QT2 employs the latest breakthroughs in power inversion circuitry, semiconductor device technology, and high-speed communication, to deliver the high power and intelligent control needed within the commercial solar space.
“The QT2 series represents a significant breakthrough in solar panel current and power, power density, conversion capability,” said APsystems CTO Yuhao Luo. “This powerful capability combined with intelligent firmware, built-in rapid shutdown compliance, and fast installation makes this a truly unique product in the marketplace.”
According to the Solar Energy Industries Association (SEIA), little more than 1% of the commercial electricity demand in the United States is currently served by on-site solar. This represents a significant market opportunity for the QT2 product line by providing commercial property owners with all the benefits of module-level power electronics (MLPE) systems, including rapid shutdown compliance, a lower levelized cost of energy over the life of the system, and more effective energy production while also reducing installation time and costs to commercial solar installers.
QT2 Series microinverters offer the following features and benefits:
The QT2 series continues to build on the successful APsystems line of multi-module microinverters, offering reduced logistics costs, faster installation, improved communication and connection features, and a wide MPPT voltage range for greater energy harvest during low light conditions.
QT2 series microinverters will be on display at the APsystems stand #2838 at RE+ International, the largest trade show for solar energy in North America, September 20-22 at the Anaheim Convention Center in California.
About APsystems
APsystems is the #1 global multi-platform MLPE solution provider, offering microinverter, energy storage and rapid shutdown devices for the global solar PV industry. APsystems microinverters are intelligent, innovative, and the best-selling multi-module microinverters in the world.
Founded in Silicon Valley in 2010, APsystems encompasses 4 global business units serving customers in over 100 countries. With millions of units sold producing more than 3TWh of clean, renewable energy, APsystems continues to be a leader in the ever-growing solar MLPE segment.
APsystems EMEA is based in Amsterdam, Netherlands and Lyon, France (Branch); APsystems USA is based in Austin, Texas; APsystems APAC is based in Jiaxing and Shanghai, China. APsystems also has locations in Zapopan, Mexico and Sydney, Australia.
Learn more at www.APsystems.com.
Jason Higginson – This email address is being protected from spambots. You need JavaScript enabled to view it.
Joe Nolan Named Chairman; Leadership Changes Effective December 31, 2022
HARTFORD, Conn. & BOSTON--(BUSINESS WIRE)--Eversource Energy (NYSE: ES) today announced that Jim Judge, Executive Chairman of the Board of Trustees, will retire from the board effective December 31, 2022. As part of the company’s long-standing succession plan, Joe Nolan, President and CEO, will become Chairman of the Board.
Judge has served as Eversource’s Executive Chairman since May of 2021, remaining active in both investor and industry relations after a long career at the company that included roles as President, CEO and CFO. “It has been my distinct pleasure to have served the customers, shareholders and communities of Eversource. During my 45-year career with the company, changes in the industry have been extraordinary and I am confident that Joe is the leader who has the vision and experience to ensure a strong future for the company,” Judge said.
Joe Nolan was elected President, CEO and a Trustee in May of 2021, building on his 35-year career with the company and his critical work to advance Eversource’s environmental stewardship and clean energy strategy. “I’m very grateful to Jim for his mentorship and guidance that has provided positive results for Eversource. I look forward to building on that legacy as we lead the way in environmental and corporate responsibility, as well as reliable service to customers,” Nolan added.
Eversource’s Board of Trustees will continue to have a lead, independent trustee. On behalf of the company’s Board, Lead Independent Trustee William Van Faasen said, “Joe is a remarkable leader with extensive experience at Eversource and in the industry. We look forward to him assuming this additional role as an important next step in the company’s succession process. At the same time, the Board is truly grateful to Jim for his countless accomplishments and many years of service. I’ve had the pleasure of working with Jim as he led the company with the needs of customers, employees and all stakeholders as his top priority at all times.”
Eversource (NYSE: ES), celebrated as a national leader for its corporate citizenship, is the #1 energy company in Newsweek’s list of America’s Most Responsible Companies for 2021 and recognized as one of America’s Most JUST Companies. Eversource transmits and delivers electricity and natural gas and supplies water to approximately 4.4 million customers in Connecticut, Massachusetts and New Hampshire. The #1 energy efficiency provider in the nation, Eversource harnesses the commitment of approximately 9,200 employees across three states to build a single, united company around the mission of safely delivering reliable energy and water with superior customer service. The company is empowering a clean energy future in the Northeast, with nationally recognized energy efficiency solutions and successful programs to integrate new clean energy resources like solar, offshore wind, electric vehicles and battery storage, into the electric system. For more information, please visit eversource.com, and follow us on Twitter, Facebook, Instagram, and LinkedIn. For more information on our water services, visit aquarionwater.com.
MEDIA CONTACT:
Caroline Pretyman
617-424-2460
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INVESTOR CONTACT:
Jeff Kotkin
860-665-5154
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Awards Expanded to Increase Investor, ESG, and Public Affairs Recognition Opportunities
WASHINGTON--(BUSINESS WIRE)--The Cleanie Awards®, the leading clean energy awards program, announced today that it is responding to high demand by expanding its reach at industry events and adding categories to meet rapid growth in investor and ESG arenas. By partnering with RE+ to host in-person events, the 2022 awards kickoff will take place in Anaheim, California during September 19 - 22, 2022, with a welcome reception on Tuesday, September 20th at 4:30pm PDT at Booth 4711. With clean energy and climate technology companies seeing an 80% growth in VC investment alone, alongside record-setting development and sales and a strong position following the passage of the Infrastructure Reduction Act, the expanded program is timed to better serve industry leaders and innovators while accounting for the triple-digit growth in awards program applicants over the last four years.
“I have had the privilege of managing this innovative awards program for the past three years, and I am incredibly proud of the growth and expansion we have seen since our inception in 2018,” said Randee Gilmore, executive director of The Cleanie Awards. “The response from the industry for a comprehensive clean energy awards program has been significant. The list of industry leading and high growth brands will receive much deserved recognition as judged by a panel of peers. We want brands and individuals driving the clean energy economy to know that we have developed a purpose-built community to optimize storytelling around successes and ensure recognition for the decisive decade ahead.”
“The awards program has evolved into the premier platform for recognizing leaders in clean energy and climate tech and acknowledging the contributions they make towards a more sustainable future,” said Jennifer Hershman, Director of Community Relations at SOLV Energy, one of The Cleanie Awards 2022 sponsors. “With a judging panel of industry peers representing aspects of the market including finance, solar and developers, to name a few, the program has been thoughtful in its approach to recognition and growing to meet demands of the industry. We are proud to increase our involvement as The Cleanie Awards expands its reach and elevates the industry leaders and brands that are making a difference.”
The Cleanie Awards and RE+ will host in-person events on the following:
The Cleanie Awards recognizes innovators across the entire clean energy spectrum who are working toward a decarbonized future. The program honors people and brands in more than 15 award categories including Company of the Year, Project of the Year, Rising Star, and Woman of the Year. This year, the program is expanding to welcome back Public Affairs Campaign of the Year and add Best Climate Fund.
For additional information on how to apply as well as paid sponsorship opportunities, visit www.thecleanieawards.com.
About The Cleanie Awards®
The Cleanie Awards is the only cleantech industry awards program focused on honoring innovators, accelerators, and disruptors who are creating market-moving climate solutions. The program’s mission is to influence public opinion about technologies working to create a sustainable future for our global community. The team includes a prominent advisory board and judging panel of recognized business leaders, entrepreneurs, and communicators who are committed to the clean energy economy.
For more information, visit the website at www.thecleanieawards.com and follow The Cleanie Awards® on Twitter or Facebook at @CleanieAwards and on LinkedIn at The Cleanie Awards.
About RE+ Events
RE+ Events is a series of events around the country bringing clean energy leaders together to expand business prospects, share best practices, and identify ways to advance the industry. RE+ Events portfolio includes North America’s largest renewable energy event RE+ (formerly Solar Power International). RE+ Events is powered by the Solar Energy Industries Association (SEIA) and the Smart Electric Power Alliance (SEPA).
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Randee Gilmore
The Cleanie Awards
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BOISE, Idaho--(BUSINESS WIRE)--IDACORP, Inc. (NYSE: IDA) announced today that its Board of Directors approved a 5.3% increase in the regular quarterly cash dividend on IDACORP’s common stock to $0.79 per share. At the new rate, the indicated dividend is $3.16 per share on an annual basis.
“IDACORP’s Board of Directors has approved a dividend increase every year since 2011, resulting in a cumulative dividend increase of 163% and average dividend growth rate of 8.4%,” said Lisa Grow, IDACORP President and Chief Executive Officer. “We are pleased by our strong financial and operational performance that allowed for these increases, all while Idaho Power customers continue to benefit from some of the lowest energy prices in the nation.
“At this time, management expects to continue to recommend to the Board of Directors future annual increases in the dividend of around 5%, with the intent to move over time toward the higher end of our target payout ratio of 60 to 70% of sustainable IDACORP earnings.”
The actual declaration of dividend payments and the approval of management’s recommendations are at the discretion of the Board of Directors. In determining future dividend actions, the Board of Directors will continue to consider factors such as projected capital requirements, the company’s liquidity position and overall financial condition, the competitiveness of the dividend yield, economic conditions, impacts to credit ratings, and other factors. The dividend declaration, ex-dividend, record, and payable dates will be announced during the fourth quarter of 2022.
Background Information
IDACORP, Inc. (NYSE: IDA), Boise, Idaho-based and formed in 1998, is a holding company comprised of Idaho Power, a regulated electric utility; IDACORP Financial, a holder of affordable housing projects and other real estate investments; and Ida-West Energy, an operator of small hydroelectric generation projects that satisfy the requirements of the Public Utility Regulatory Policies Act of 1978. Idaho Power, headquartered in vibrant and fast-growing Boise, Idaho, has been a locally operated energy company since 1916. Today, it serves a 24,000-square-mile service area in Idaho and Oregon. Idaho Power’s goal to provide 100% clean energy by 2045 builds on its long history as a clean-energy leader that provides reliable service at affordable prices. With 17 low-cost hydropower projects at the core of its diverse energy mix, Idaho Power’s residential, business, and agricultural customers pay among the nation's lowest prices for electricity. Its 2,000 employees proudly serve more than 610,000 customers with a culture of safety first, integrity always, and respect for all. To learn more about IDACORP or Idaho Power, visit www.idacorpinc.com or www.idahopower.com.
Forward-Looking Statements
In addition to the historical information contained in this press release, this press release contains (and oral communications made by IDACORP, Inc. and Idaho Power Company may contain) statements, including, without limitation, earnings guidance and estimated key operating and financial metrics, that relate to future events and expectations and, as such, constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, outlook, assumptions, or future events or performance, often, but not always, through the use of words or phrases such as “with the intent,” "anticipates," "believes," "continues," "could," "estimates," "expects," "guidance," "intends," "potential," "plans," "predicts," "projects," "targets," or similar expressions, are not statements of historical facts and may be forward-looking. Forward-looking statements are not guarantees of future performance and involve estimates, assumptions, risks, and uncertainties. Actual results, performance, or outcomes may differ materially from the results discussed in the statements. In addition to any assumptions and other factors and matters referred to specifically in connection with such forward-looking statements, factors that could cause actual results or outcomes to differ materially from those contained in forward-looking statements are included in IDACORP, Inc.’s Annual Report on Form 10-K for the year ended December 31, 2021, which was filed with the U.S. Securities and Exchange Commission, and subsequent reports filed by IDACORP, Inc. and its subsidiary, Idaho Power Company, with the U.S. Securities and Exchange Commission. Dividend declarations and the dividend rate are at the discretion of IDACORP, Inc.’s board of directors and depend on numerous factors, including those described in IDACORP, Inc.’s and Idaho Power Company’s filings with the U.S. Securities and Exchange Commission. IDACORP, Inc.’s expectations with respect to dividends may be affected by current and projected capital requirements; IDACORP, Inc.’s liquidity position and earnings; capital expenditures; changes in cash flows; the competitiveness of the dividend yield; IDACORP’s target dividend payout ratios as determined from time to time; the impacts of economic conditions and business cycles; credit ratings and rating impacts; legal requirements and changes in laws and regulations; long-term financial and operational performance, expectations, and sustainability; changes in tax laws, and other factors. Any forward-looking statement speaks only as of the date on which such statement is made. New factors emerge from time to time and it is not possible for management to predict all such factors, nor can it assess the impact of any such factor on the business or the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in any forward-looking statement. IDACORP and Idaho Power disclaim any obligation to update publicly any forward-looking information, whether in response to new information, future events, or otherwise, except as required by applicable law.
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BROOKLYN, N.Y.--(BUSINESS WIRE)--Urban Energy Inc. (“Urban Energy”) is announcing an exciting project to develop community solar in New York. Urban Energy’s mission is to increase clean distributed energy adoption among small-commercial and condo/cooperative residential buildings in NYC by enabling no-investment participation and maximizing system values.
This latest project is taking place at a cooperatively owned residential building in Yonkers, New York. Urban Energy will develop a 620 kW rooftop community solar system and provide a new roof for the two buildings that make up the Westgate Park Condominium, managed by Anker Management.
The solar system will provide the building with 10% off their electricity bill for the common areas and residents will be eligible for subscription to the community solar project. The common area discount will be made possible through the New York State Public Service Commission’s Value of Distributed Energy Resources (VDER) program, which compensates those who are generating solar energy.
Scale Microgrid Solutions (“Scale”) will fully fund the project, as part of their broader commitment with Urban Energy to finance the development, construction and acquisition of community solar installation in New York.
"The closing of Urban Energy's first fully developed community solar project acquisition with Scale is a very important milestone for us and the broader NYC metro area small commercial and multifamily community solar market. It has been just under a year since Urban Energy completed its development finance facility with Scale, which has allowed us to grow and invest in larger scale community solar project portfolios in the NYC metro area. The powerhouse combination of our two organizations will position us as the largest small commercial and multifamily developer and project owner in the dense urban environment of NYC with many more project acquisitions lined up in late 2022 and 2023," says Russell Wilcox, Co-Founder and CEO of Urban Energy.
“This acquisition marks the first of many for Urban Energy and Scale as we partner to provide the simplest path for building owners to participate in clean energy projects,“ says Julian Torres, CFA, Chief Investment Officer at Scale Microgrid Solutions. “With this innovative project we are leveraging the NY-Sun program to provide community solar to residents in ConEd territory.”
The project will begin construction immediately and should be fully commissioned by the end of the year.
About Urban Energy: Urban Energy was founded in July 2017 as a solar developer, EPC, and advanced racking manufacturer. Following triple-bottom-line principles, Urban Energy makes rooftop solar viable for multifamily buildings by offering scalable and financeable solar products, including an innovative solar canopy designed specifically for underserved urban buildings. Urban Energy currently has a pipeline of 6.5 MW of contracted projects in Con Edison territory of NYC and Westchester, representing over 80 large multifamily residential and small-commercial buildings. Nearly all of Urban Energy’s serve low-and-moderate-income or public housing buildings in NYC and Westchester.
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.
Scale Media Contact:
Nicole Green
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Scale Microgrid Solutions
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Urban Energy
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DALLAS--(BUSINESS WIRE)--Kosmos Energy (NYSE/LSE: KOS) (“Kosmos” or the “Company”) has been informed by BP, the operator of the Greater Tortue Ahmeyim project (“GTA”), of the impact of Typhoon Muifa which passed through the COSCO shipyard in Qidong in China yesterday.
The floating production, storage and offloading vessel (“FPSO”) for GTA is being constructed at the COSCO yard. During the typhoon, the mooring lines of the FPSO became compromised, resulting in the vessel drifting approximately 200 meters off the quayside. Work is underway to enable the vessel to return to the quayside. No injuries have been reported in connection with this incident. The cost of returning the vessel to the quayside and any potential damage is expected to be covered by insurance.
Kosmos will provide an update as additional information becomes available.
About Kosmos Energy
Kosmos is a full-cycle deepwater independent oil and gas exploration and production company focused along the Atlantic Margins. Our key assets include production offshore Ghana, Equatorial Guinea and U.S. Gulf of Mexico, as well as a world-class gas development offshore Mauritania and Senegal. Kosmos is listed on the New York Stock Exchange and London Stock Exchange and is traded under the ticker symbol KOS. As an ethical and transparent company, Kosmos is committed to doing things the right way. The Company’s Business Principles articulate our commitment to transparency, ethics, human rights, safety and the environment. Read more about this commitment in our Corporate Responsibility Report. For additional information, visit www.kosmosenergy.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that Kosmos expects, believes or anticipates will or may occur in the future are forward-looking statements. Kosmos’ estimates and forward-looking statements are mainly based on its current expectations and estimates of future events and trends, which affect or may affect its businesses and operations. Although Kosmos believes that these estimates and forward-looking statements are based upon reasonable assumptions, they are subject to several risks and uncertainties and are made in light of information currently available to Kosmos. When used in this press release, the words “anticipate,” “believe,” “intend,” “expect,” “plan,” “will” or other similar words are intended to identify forward-looking statements. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of Kosmos, which may cause actual results to differ materially from those implied or expressed by the forward-looking statements. Further information on such assumptions, risks and uncertainties is available in Kosmos’ Securities and Exchange Commission (“SEC”) filings. Kosmos undertakes no obligation and does not intend to update or correct these forward-looking statements to reflect events or circumstances occurring after the date of this press release, except as required by applicable law. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. All forward-looking statements are qualified in their entirety by this cautionary statement. Management does not provide a reconciliation for forward looking non GAAP financial measures where it is unable to provide a meaningful or accurate calculation or estimation of reconciling items and the information is not available without unreasonable effort. This is due to the inherent difficulty of forecasting the occurrence and the financial impact of various items that have not yet occurred, are out of our control or cannot be reasonably predicted. For the same reasons, management is unable to address the probable significance of the unavailable information. Forward looking non GAAP financial measures provided without the most directly comparable GAAP financial measures may vary materially from the corresponding GAAP financial measures.
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Media Relations
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On the heels of a ship strike killing Fran, the most photographed whale in California, Whale Safe will be deployed in collaboration with The Marine Mammal Center to help detect endangered whale presence and track ship speeds to provide data to the shipping industry, public, and government to reduce preventable whale deaths
WEDNESDAY, SEPTEMBER 21 @ 10 AM PT
SAN FRANCISCO--(BUSINESS WIRE)--The Marine Mammal Center & The Benioff Ocean Science Laboratory:
WHAT:
The Marine Mammal Center and The Benioff Ocean Science Laboratory will host a virtual press conference and panel discussion to announce a collaboration to deploy Whale Safe, a technology-based mapping and analysis system, to the San Francisco Bay Area to help prevent whale-ship collisions. Whale deaths from ship strikes have increased over the past decade, with estimates of over 80 endangered whales killed off the West Coast per year.
Last month’s tragic death of Fran, the most photographed whale in California, is the latest example of why Whale Safe is needed off the Northern Californian coast. Whale Safe technology will allow the public, media, government officials, and shipping companies and their vessel captains to go online and in near-real time, monitor ship speeds and whale interactions in Northern California’s coastal waters. In addition to providing an immediate benefit for monitoring ship speeds, the data will also be saved and analyzed by the Benioff Ocean Science Laboratory and The Marine Mammal Center to help inform additional preventative safety recommendations.
The system was developed by the Benioff Ocean Science Laboratory and technology partners Woods Hole Oceanographic Institute, Norwegian University of Science and Technology, University of California Santa Cruz, University of Washington, and Conserve.iO.
Highlights include:
WHO:
WHEN: September 21 @ 10 AM
Announcement: 10 AM
Panel Discussion: 10:30 AM
PRESS RSVP:
Registration to watch and participate in the virtual event can be found here.
For further press inquiries, please contact Jacob Scott by email (This email address is being protected from spambots. You need JavaScript enabled to view it.) or phone (412-445-7719).
MEDIA ASSETS:
Press Kit, including graphs, maps, data, and photos, can be found here.
About The Benioff Ocean Science Laboratory
The Benioff Ocean Science Laboratory (previously The Benioff Ocean Initiative) based at the Marine Science Institute at University of California Santa Barbara, is an applied research center that leverages the power of science and technology to create scalable and replicable solutions to pressing ocean health challenges. The Benioff Ocean Science Laboratory collaborates with scientists around the world to address issues such as plastic pollution, endangered species, and climate change. UC Santa Barbara is a leading center of marine research that is committed to using science to promote effective ocean stewardship.
For more information, please visit https://bosl.ucsb.edu/. Follow us on Instagram and Twitter.
About The Marine Mammal Center
The Marine Mammal Center is a global leader in marine mammal health, science and conservation, and is the largest marine mammal hospital in the world. The Center’s teaching hospital and training programs operate globally, with its headquarters in the Golden Gate National Recreation Area, part of the National Park Service. Expert teams from the Center travel around the world to work with emerging first responders and has itself rescued more than 24,000 marine mammals from 600 miles of its authorized rescue area of California coastline and the Big Island of Hawai’i. The Center’s mission is to advance global ocean conservation through marine mammal rescue and rehabilitation, scientific research, and education.
For more information, please visit MarineMammalCenter.org. Follow us on Facebook, Instagram and Twitter.
Jacob Scott
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412-445-7719
American BioCarbon will be featured during Puro.earth’s Carbon Removal Ecosystem Meeting
WHITE CASTLE, La.--(BUSINESS WIRE)--American BioCarbon, an innovative manufacturer of renewable products made from sugarcane bagasse, will join Puro.earth during Climate Week NYC 2022 for a virtual meeting to discuss the carbon removal ecosystem. Climate Week is the biggest global climate event of its kind, bringing together the most influential leaders in climate action from business, government, and the climate community.
On Monday, September 19, American BioCarbon will present its strategy to remove carbon from the atmosphere using sugarcane bagasse as part of Puro.earth’s virtual Carbon Removal Ecosystem Meeting. American BioCarbon will be joined by executives from Puro.earth, Kita, and Climate Impact X to discuss how to secure, fund and de-risk early-stage carbon removal. The program is targeted to educate CEOs, ESG and sustainability managers as they design net-zero carbon strategies for their companies.
American BioCarbon recently completed an independent audit process conducted by Puro.earth to verify its biochar as a carbon removal tool and is now certified to sell digital tradable assets called CO2 Removal Certificates (CORCs) under a marketing agreement with Puro.earth. The audit confirmed that American BioCarbon’s biochar is carbon net-negative; it examined product lifecycle, required scientific measurement and quantification of the removed CO2, and its residence time in storage.
American BioCarbon’s bagasse-based biochar captures carbon in a secure chemical structure that would otherwise release into the atmosphere through decomposition or burn-offs, providing a stable carbon storage solution. When incorporated into soil, biochar is up to 100 times more stable than the feedstock from which it was produced, and a substantial amount of biochar’s organic carbon will persist in soil for decades to millennia. Biochar also offers environmental and agricultural benefits such as nutrient retention, improved water holding capacity, and increased aeration.
Puro.earth is the world’s first marketplace, standard and registry for science-based carbon removal credits. Puro.earth provides carbon removal as a service, helping corporate buyers create a long-term procurement portfolio to neutralize their carbon footprint and reach net zero. Puro.earth focuses solely on verified net-negative technologies that can remove carbon at an industrial scale and store it for a minimum of 50 years. In 2021, Nasdaq announced its acquisition of a majority stake in Puro.earth.
About American BioCarbon
From its agricultural waste pelletizing facility in White Castle, LA, American BioCarbon uses best-in-class technology and manufacturing safety disciplines to supply commercial, industrial and municipal customers with sustainable products derived from sugar cane bagasse. The environmentally sustainable pellets offset carbon emissions in the global energy markets and are used domestically for environmental remediation. American BioCarbon also produces biochar for agribusiness, retail outlets and commercial customers to provide a nutrient-rich soil amendment to grow vegetables and other high-quality crops, as well as provide a valuable carbon sequestration tool. www.americanbiocarbon.com
About Earth to Energy
The Earth to Energy Fund (ETEF) focuses on investments in the biomass sector and related entities that have the potential to expand beyond their current size and capability. ETEF owns and operates assets exclusively, thus fully controlling all of its investments to maximize potential, tax efficiency and overall ROI. More information about the Earth to Energy Fund is available at www.earthtoenergy.com.
About Puro.earth
Puro.earth is the world’s first B2B marketplace, standard and registry focused solely on carbon removal. Aiming at climate and economic impact, its mission is to mobilize the world’s economy to reward carbon net-negative emissions. Puro provides voluntary corporate buyers long-term carbon removal procurement portfolios to fulfill net zero pledges, by identifying suppliers, verifying their negative emissions and issuing CO2 Removal Certificates (CORCs) with the Puro Standard, the first carbon standard for engineered carbon removal. Trusted by leading organizations, Puro.earth is driving forward a market of carbon negative industries, enabling a new revenue stream for carbon removal suppliers to accelerate their growth. In 2021, Nasdaq acquired a majority stake in Puro.earth. www.puro.earth
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Global decarbonization leader points to more integrated generation, transmission and distribution solutions to stabilize Asia’s low-carbon energy systems
BANGKOK--(BUSINESS WIRE)--As Asia races to expand its variable renewable energy generation, more integration of generation, transmission and distribution technologies will be required to balance electric grids, enhance energy security and reach decarbonization goals.
“Rising demands from intensive power users like data centers and the electrification of transportation are increasing the load burden and profiles on Asia’s grid. The electric industry can accelerate Asia’s energy transition by deploying existing and emerging decarbonization, hydrogen, renewable and energy storage solutions,” said Narsingh Chaudhary, Executive Vice President & Managing Director, Asia Pacific, Black & Veatch.
According to the Black & Veatch 2022 Asia Electric Report, senior industry executives viewed the integration of renewable energy into grid systems as the biggest challenge facing Asia’s electric industry. One in four industry respondents revealed they were not confident in the performance and resilience of their transmission and distribution systems. Additionally, top threats to providing reliable service to customers were cited as underinvestment in transmission and insufficient energy storage.
Approximately half of survey respondents said they believed that over the next five years there would be “more investment” in gas or LNG-to-power facilities combined with carbon capture, while, separately, 46 percent of respondents believed gas-fired generation would remain an important part of the grid beyond 2035.
Chaudhary will propose viable pathways for renewable energy integration at the Enlit Asia 2022 event in September, during the industry leaders’ panel session, “‘Let’s be Realistic’: How Can ASEAN Achieve its 2050 Net Zero Emission Targets?”. He also will discuss how to achieve cost efficiencies through the entire natural gas value chain. Other Black & Veatch energy experts plan to present on hydrogen, energy storage and transmission systems.
About Black & Veatch
Black & Veatch is a 100-percent employee-owned global engineering, procurement, consulting and construction company with a more than 100-year track record of innovation in sustainable infrastructure. Since 1915, we have helped our clients improve the lives of people around the world by addressing the resilience and reliability of our most important infrastructure assets. Our revenues in 2021 exceeded US$3.3 billion. Follow us on www.bv.com and on social media.
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New Law Promotes the Use of Biomass Power
SACRAMENTO--(BUSINESS WIRE)--Today, Governor Gavin Newsom signed Senate Bill 1109 by Senator Anna Caballero, which extends requirements on electric investor-owned utilities (IOUs) to procure energy from biomass generating electric facilities by five years.
"CBEA applauds the Legislature and the Governor for their work to promote healthy forests and renewable energy by passing and signing Senate Bill 1109," said Julee Malinowski-Ball, Executive Director of the California Biomass Energy Alliance. "We are especially grateful for Senator Anna Caballero's hard work in support of the biomass industry and its thousands of direct and ancillary jobs."
This law calls on the IOUs to extend existing contracts or procure 125 megawatts (MWs) of sustainable and renewable power from biomass generating facilities.
"SB 1109 is the right bill at the right time supporting California forest, energy, and climate policy," added Malinowski-Ball.
Over the past 16 months, millions of California's 33 million acres of forestland have burned. At this rate, much of California's forests may be lost forever by mid-century. The clean water, fresh air, carbon sequestration, forest products, recreation, and biodiversity these forests make possible will disappear.
Leaving excess forest waste and overgrowth material in the state's ecologically stressed forests leaves the forests at high risk of massively destructive wildfires, impedes the function of watersheds, diminishes wildlife habitat, and has other adverse effects on the forests. Undisturbed mature forests in California typically had a canopy-closure density in the neighborhood of 60 percent. Some of the state's overgrown forests today have canopy closures above 90 percent. These forests are being choked, and, as a result, they cannot provide the level of ecosystem services they should be able to.
Existing biomass facilities consumed almost 1.3 million bone dry tons of wood waste last year alone, with most of that coming in as forest waste. The biomass facilities are taking the forest waste and cutting criteria pollutant emissions by up to 98% with highly controlled emissions technologies compared with open burning.
"The biomass industry will continue to be an essential tool in reducing greenhouse emissions by providing clean, green, sustainable renewable energy," said Julee Malinowski-Ball.
The California Biomass Energy Alliance (CBEA) promotes biomass energy to reach California's environmental and economic goals. CBEA represents biomass facilities as well as providers of fuel, equipment, and services for the facilities. There are currently 23 operating solid fuel biomass power plants in 17 counties throughout California.
Matt Ross
(916) 206-9818
DUBLIN--(BUSINESS WIRE)--The "Automotive Fuel Cell Market Intelligence Report - Global Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.
The Global Automotive Fuel Cell Market is projected to reach USD 1,621.77 million by 2027 from USD 744.49 million in 2021, at a CAGR 13.85% during the forecast period.
Market Statistics:
The report provides market sizing and forecast across 7 major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF. It helps organization leaders make better decisions when currency exchange data is readily available.
In this report, the years 2019 and 2020 are considered as historical years, 2021 as the base year, 2022 as the estimated year, and years from 2023 to 2027 are considered as the forecast period.
Market Segmentation & Coverage:
The report on automotive fuel cell identifies key attributes about the customer to define the potential market and identify different needs across the industry. Understanding the potential customer group's economies and geographies can help gain business acumen for better strategic decision-making.
This market coverage across different industry verticals reveals the hidden truth about the players' strategies in different verticals and helps the organization decide target audience. This report gives you the composite view of sub-markets coupled with comprehensive industry coverage and provides you with the right way of accounting factors such as norms & regulations, culture, to make right coverage strategy for your market plan.
This research report categorizes the automotive fuel cell to forecast the revenues and analyze the trends in each of the following sub-markets:
Component:
Output:
Technology:
Vehicle Type:
Region:
Company Usability Profiles:
For more information about this report visit https://www.researchandmarkets.com/r/nsiv5r.
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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PARIS--(BUSINESS WIRE)--Technip Energies (Paris:TE) (ISIN:NL0014559478), leader of a consortium with Monford Group, has been awarded an Engineering, Procurement, Construction and Commissioning (EPCC) contract by Yuri Operations Pty Ltd, to develop Project Yuri Phase 0 project which is a green hydrogen plant in the Pilbara region of Western Australia.
Project Yuri which is being developed in partnership with Yara Clean Ammonia and ENGIE includes a 10MW electrolysis plant and an 18 MW solar photovoltaic (PV) farm with its 8 MW Battery Energy System (BESS) providing the necessary energy for the electrolysis. It will produce up to 640 tonnes of green hydrogen per annum for use in the existing Yara Pilbara Ammonia Plant to produce green ammonia.
Technip Energies is responsible for the overall project management and the electrolysis plant engineering, procurement, commissioning and start up. Monford Group is responsible for the overall project construction and the PV farm engineering, procurement, commissioning and start up.
The Project has received grant funding from the Federal Government via ARENA, as part the Advancing Renewables Program and from Western Australia State Government as a part of Western Australian Renewable Hydrogen Fund.
Mitsui & Co. Ltd. (“Mitsui”) has agreed to acquire a 28 per cent stake in Yuri Operations Pty Ltd subject to the satisfaction of certain conditions under its investment agreement.
Laure Mandrou, SVP Carbon-Free Solutions of Technip Energies, stated: “We are very proud to be entrusted by ENGIE and Yara to deliver this flagship project. Yuri project is an important milestone paving the way for an accelerated deployment of green hydrogen capacity to decarbonise the industry. Technip Energies is engaged in playing a leading role in this journey and this award reinforces our position as a key enabler for integrated carbon-free hydrogen solutions. With our partner, Monford Group, we offer a very robust and competitive combination and are committed to make this project a reference for the industry.”
Ciaran Shannon, Chief Commercial Officer of Monford Group, commented: “Monford Group is proud to deliver the first renewable hydrogen plant in Western Australia alongside Technip Energies unlocking the Pilbara’s renewable energy potential and leading the path to a zero-carbon future. We are privileged to be part of this cornerstone project which will set a benchmark for Australia’s Green Hydrogen ambition delivery program. Monford Group is focused on decarbonisation and this project embodies the drive and ambition of the Monford team to provide an integrated solution to renewable project delivery.”
The project has been named as YURI, and the project plan has a multi-phase (Phase 0-I-II-III) roadmap (YURI Roadmap) which aims to establish a new industry value chain, harvesting the abundant renewable power in Western Australia, to make renewable hydrogen and ammonia as feedstock for renewable chemical production, as well as renewable fuel for power generation and shipping, serving local and export markets (Asia and beyond).
About Technip Energies
Technip Energies is a leading Engineering & Technology company for the energy transition, with leadership positions in Liquefied Natural Gas (LNG), hydrogen and ethylene as well as growing market positions in blue and green hydrogen, sustainable chemistry and CO2 management. The company benefits from its robust project delivery model supported by extensive technology, products and services offering.
Operating in 34 countries, our 15,000 people are fully committed to bringing our client’s innovative projects to life, breaking boundaries to accelerate the energy transition for a better tomorrow.
Technip Energies is listed on Euronext Paris with American depositary receipts (“ADRs”) trading over-the-counter in the United States.
For further information: www.technipenergies.com.
About Monford Group
Monford is a leader in the construction industry, with an Australia-wide portfolio of projects in the Infrastructure, Resources and Energy sectors.
Headquartered in WA and with more than a decade of experience in the industry, Monford consistently delivers projects on time, within budget, safely and sustainably whilst maintaining a commitment to excellence in delivery and a customer-centric focus.
Built “from the ground up” and led by hands-on management, Monford’s success stems from its experience, integrity and flair for innovation, always with an emphasis on safety and quality.
Important Information for Investors and Securityholders
Forward-Looking Statement
This release contains “forward-looking statements” as defined in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. Forward-looking statements usually relate to future events and anticipated revenues, earnings, cash flows or other aspects of Technip Energies’ operations or operating results. Forward-looking statements are often identified by the words “believe,” “expect,” “anticipate,” “plan,” “intend,” “foresee,” “should,” “would,” “could,” “may,” “estimate,” “outlook,” and similar expressions, including the negative thereof. The absence of these words, however, does not mean that the statements are not forward-looking. These forward-looking statements are based on Technip Energies’ current expectations, beliefs and assumptions concerning future developments and business conditions and their potential effect on Technip Energies. While Technip Energies believes that these forward-looking statements are reasonable as and when made, there can be no assurance that future developments affecting Technip Energies will be those that Technip Energies anticipates.
All of Technip Energies’ forward-looking statements involve risks and uncertainties (some of which are significant or beyond Technip Energies’ control) and assumptions that could cause actual results to differ materially from Technip Energies’ historical experience and Technip Energies’ present expectations or projections. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those set forth in the forward-looking statements.
For information regarding known material factors that could cause actual results to differ from projected results, please see Technip Energies’ risk factors set forth in Technip Energies’ filings with the U.S. Securities and Exchange Commission, which include amendment no. 4 to Technip Energies’ registration statement on Form F-1 filed on February 11, 2021.
Forward-looking statements involve inherent risks and uncertainties and speak only as of the date they are made. Technip Energies undertakes no duty to and will not necessarily update any of the forward-looking statements in light of new information or future events, except to the extent required by applicable law.
Technip Energies
Investor relations
Phil Lindsay
Vice-President Investor Relations
Tel: +44 20 7585 5051
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Media relations
Stella Fumey
Director Press Relations & Digital Communications
Tel: +33 (1) 85 67 40 95
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Jason Hyonne
Press Relations & Social Media Lead
Tel: +33 1 47 78 22 89
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Monford
Corporate Communications:
Michael Regalado
0438 387 832
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HARTFORD, Conn. & BOSTON--(BUSINESS WIRE)--The Board of Trustees of Eversource Energy (NYSE:ES) today approved a quarterly dividend of $0.6375 per share, payable on September 30, 2022, to shareholders of record as of the close of business on September 26, 2022.
Eversource Energy operates New England’s largest energy delivery company and is committed to safety, reliability, environmental leadership and stewardship, as well as expanding energy and sustainability options for approximately 4.4 million electric, natural gas and water customers in Connecticut, Massachusetts and New Hampshire. It has approximately 347 million common shares outstanding.
MEDIA CONTACT:
Jeffrey R. Kotkin
(860) 665-5154
Annual WConnecta event in Barcelona provides networking, new business opportunities, focus on CO2 reduction
BARCELONA, Spain--(BUSINESS WIRE)--The countdown for Europe’s market leading gathering of freight transport professionals in Europe has already begun. In less than two months, Barcelona will welcome carriers, freight forwarders, and other players in the sector to the 12th edition of WConnecta.
The event will take place on Friday, October 21, 2022, at the Hyatt Regency Barcelona Tower Hotel, Spain, and will offer numerous business opportunities to its attendees. Alpega anticipates more than 500 participants in the Spanish city, representing over 100 companies across Europe including Spain, Portugal, France, Italy, Romania, Poland, Belgium, Netherlands, Germany and many others.
After 2 years of forced limits on attendance because of Covid-19, WConnecta will again operate at full capacity. Its format is ideal for forging partnerships that otherwise would take weeks to consolidate. Thus, it will be possible to strengthen alliances and find partners to explore new business opportunities through the successful Speed Networking format and with private meetings pre-scheduled in the Cargo Area. WConnecta is the easiest and fastest way to meet and network with many people in one location.
A unique event at a unique time
This new WConnecta edition comes at a time when freight transport is moving towards sustainable mobility, as the world faces the challenges driven by climate change. Collaboration between companies now becomes more necessary than ever, making WConnecta the perfect place for carriers to expand their network of contacts not only for grow their business, but also to contribute, by reducing the number of empty kilometers and optimizing each trip, to minimize the carbon footprint of the sector.
“We are honoured to play a role in bringing together the community of carriers responsible for moving freight across Europe while helping them do their vital work in a more environmentally friendly manner” said Roeven Cuypers, Chief Marketing Officer, Alpega Group.
It is time to return to the event that all transport professionals were waiting for. Future challenges in the sector will require collaboration between companies, and WConnecta, the meeting where the freight exchange community of the Alpega Group, to which Teleroute and Wtransnet belong, is the place to be to find them.
Registration with limited places is still open on this link.
Olga Álvarez
Communications & Events Manager, Alpega Group
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Brenmiller, Green Enesys and Viridi RE will cooperate to explore integration of bGen Thermal Energy Storage systems for proposed Green Hydrogen production facilities in Europe.
ROSH HAAYIN, Israel--(BUSINESS WIRE)--$BNRG #energystorage--Brenmiller Energy Ltd. (“Brenmiller”, “Brenmiller Energy” or the “Company”) (TASE: BNRG, Nasdaq: BNRG), a clean-energy company that provides Thermal Energy Storage (“TES”) systems to the global industrial and utility markets, today announced that is has signed a Memorandum of Understanding (“MoU”) with Green Enesys Deutschland GmbH (“Green Enesys”) and Viridi Energias Renovables Espana, S.L. (“Viridi RE”), two European based developers of green energy projects, to perform engineering studies for incorporating bGen TES for Green Enesys’ and Viridi REs’ proposed green hydrogen production facilities throughout Spain.
Green Enesys and Viridi RE are currently developing three green hydrogen projects in Spain, with the goal of decarbonizing the European Union’s industrial, power generation and transportation sectors. The projects will have a combined capacity to produce over 100,000 tonnes of green methanol annually. Under the terms of the MoU, Brenmiller will work with Green Enesys and Viridi RE to conduct feasibility studies for each of the three projects If the results of the engineering studies are favorable and the parties enter a definitive agreement to supply thermal energy storage systems, Brenmiller’s bGen TES will be charged with wind and solar power and be used to produce clean steam, a critical component of the hydrogen-to-green methanol conversion process for the projects.
“We are extremely excited to collaborate with Green Enesys and Viridi’s teams in their work to decarbonize the European Union’s industrial, power generation and transportation sectors,” said Avi Brenmiller, Chairman and Chief Executive Officer of Brenmiller Energy. “Green hydrogen has the potential to deeply decarbonize some of the world’s heaviest-emitting sectors, and we believe our ability to produce clean steam, using any form of renewable power through our bGen TES solution, is key to making green hydrogen an affordable and reliable clean energy resource.”
“Brenmiller is a natural partner to help advance our green hydrogen projects in Spain” said José Luis Morán, Green Enesys and Viridi’s Integrated Energy Solutions director “Their thermal energy storage solution is proven and can be relied upon to produce around the clock clean steam. We look forward to working with Brenmiller's dedicated team of energy experts, and to providing the European Union with a clean fuel alternative.”
About Brenmiller Energy
Brenmiller Energy delivers scalable thermal energy storage solutions and services that allow customers to cost-effectively decarbonize their operations. Its patented bGen thermal storage technology enables the use of renewable energy resources, as well as waste heat, to heat crushed rocks to very high temperatures. They can then store this heat for minutes, hours, or even days before using it for industrial and power generation processes. With bGen, organizations have a way to use electricity, biomass and waste heat to generate the steam, hot water and hot air they need for a variety of applications, including, for example, to mold plastic, process food and beverages, produce paper, manufacture chemicals and pharmaceuticals or drive steam turbines without burning fossil fuels. For more information visit the company’s website at https://bren-energy.com/ and follow the company on Twitter and LinkedIn.
About Viridi RE:
Viridi RE is a well-established developer of renewable energy projects with a demonstrated track record across Europe and the Americas. Viridi has operated in Spain since 2006 and has been involved in the development of projects generating over 2 GW of solar PV and other green energy solutions such as hydrogen and hybrid renewable systems. For more information visit the company’s website at http://viridire.com and follow the company on LinkedIn.
About Green Enesys:
Green Enesys is an international renewable project developer established in 2009. Together with Viridi RE, Green Enesys is developing more than 5 GW of renewable energy projects worldwide, including green hydrogen projects and smart integrated energy solutions, aiming to develop a pathway for affordable, clean, and reliable energy supply all over the world. For more information visit the company’s website at https://greenenesys.com/ and follow the company on LinkedIn.
Cautionary Note Regarding Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. Statements that are not statements of historical fact may be deemed to be forward-looking statements. For example, the Company is using forward-looking statements in this press release when it discusses the potential to enter into a definitive agreement regarding use of bGen TES for projects with Green Enesys and Viridi RE, that bGen TES will be charged with wind and solar power to produce clean steam for such projects and that green hydrogen has the potential to deeply decarbonize heavy emitting sectors. The Company, Green Enesys and Viridi RE may not ultimately reach any definitive agreements and the transactions contemplated by the MoU may not occur. Without limiting the generality of the foregoing, words such as "plan," "project," "potential," "seek," "may," "will," "expect," "believe," "anticipate," "intend," "could," "estimate" or "continue" are intended to identify forward-looking statements. Readers are cautioned that certain important factors may affect the Company's actual results and could cause such results to differ materially from any forward-looking statements that may be made in this press release. Factors that may affect the Company's results include, but are not limited to, the Company’s planned level of revenues and capital expenditures, the demand for and market acceptance of our products, impact of competitive products and prices, product development, commercialization or technological difficulties, the success or failure of negotiations and trade, legal, social and economic risks and the risks associated with the adequacy of existing cash resources. The forward-looking statements contained or implied in this press release are subject to other risks and uncertainties, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company's prospectus dated May 24, 2022 filed with the U.S. Securities and Exchange Commission (“SEC”), which is available on the SEC's website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
U.S. Investor Contact:
Chase Jacobson, Vallum Advisors
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+1 980-265-2597
Media Contact:
Tori Bentkover
Antenna for Brenmiller Energy
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Company recognized for innovative, industry-changing end-to-end dynamic monitoring capabilities
HERNDON, Va.--(BUSINESS WIRE)--$BKSY #artificialintelligence--BlackSky Technology Inc. (NYSE: BKSY) received the Pioneer in Space Business Award during the World Satellite Business Week Summit in Paris.
Euroconsult, a leading global space and satellite consulting and market intelligence firm, honors the most forward-thinking businesses and innovators shaping the future of the global space sector through its annual "Outstanding Achievement Awards".
"BlackSky has pioneered a new chapter of innovation as the earth imaging industry moves from traditional mapping to dynamic monitoring and real-time geospatial intelligence. This award recognizes their positive contributions toward those efforts as well as their continued business growth as demonstrated by numerous government contract awards validating the dynamic monitoring model,” said Pacôme Révillon, Euroconsult CEO.
"The entire BlackSky team is honored to receive the 2022 Pioneer in Space Business Award from Euroconsult," said BlackSky CEO Brian E. O’Toole. "We have built BlackSky with the aspiration of being the world’s leader in real-time global intelligence and the last year has been an incredible year of growth and innovation for our business and the customers and partners we serve.”
“In the last twelve months, we’ve doubled the capacity of our constellation including three back-to-back launches in less than 30 days that enabled hourly monitoring of most locations around the globe,” O’Toole added. “We also won the largest contract in the company’s history, worth over $1 billion dollars over the next 10 years. BlackSky has never been more focused than now on continuing to be pioneers and providing our customers and partners on-demand, real-time dynamic monitoring of the most important and strategic economic assets in the world.”
The Pioneer in Space Business Award is a performance-based honor. Shortlisted candidates were assessed by a panel of industry experts based on rigorous qualitative (innovation, strategic decisions, impact) and quantitative (financial and commercial indicators) criteria.
Please click here for more information about the World Satellite Business Week Summit Awards program.
About BlackSky
BlackSky is a leading provider of real-time geospatial intelligence. BlackSky delivers on-demand, high frequency imagery, monitoring and analytics of the most critical and strategic locations, economic assets, and events in the world.
BlackSky designs, owns and operates one of the industry’s leading low earth orbit small satellite constellations, optimized to capture imagery cost-efficiently where and when our customers need it. BlackSky’s Spectra AI software platform processes data from BlackSky’s constellation and from other third-party sensors to develop the critical insights and analytics that our customers require.
BlackSky is relied upon by U.S. and international government agencies, commercial businesses, and organizations around the world. BlackSky is headquartered in Herndon, VA, and is publicly traded on the New York Stock Exchange as BKSY. To learn more, visit www.blacksky.com and follow us on Twitter.
Forward-Looking Statements
Certain statements in this press release may contain forward-looking statements within the meaning of the federal securities laws with respect to BlackSky. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions. Forward-looking statements are predictions, projections, and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this document. If any of these risks materialize or underlying assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. In addition, forward-looking statements reflect our expectations, plans, or forecasts of future events and views as of the date of this communication. We anticipate that subsequent events and developments will cause their assessments to change. Accordingly, forward-looking statements should not be relied upon as representing our views as of any subsequent date, and we do not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. Additional risks and uncertainties are identified and discussed in BlackSky’s disclosure materials filed from time to time with the SEC which are available at the SEC’s website at http://www.sec.gov or on BlackSky’s Investor Relations website at https://ir.blacksky.com.
Investor Contact
Aly Bonilla
VP, Investor Relations
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Media Contact
Pauly Cabellon
Director, External Communications
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