Company explains process for stockholders to properly tender shares to the exchange agent or request assistance with their transaction
CYPRESS, Calif.--(BUSINESS WIRE)--Romeo Power, Inc. (“Romeo”) (NYSE: RMO), an energy storage technology company focused on designing and manufacturing lithium ion battery products and packs for vehicle electrification, today reminds all Romeo stockholders to tender their shares into the exchange offer (“the Offer”) by Nikola Corporation (NASDAQ: NKLA) to purchase all outstanding shares of common stock of Romeo by September 26, 2022 at midnight Eastern Time.
On August 1, 2022, Nikola and Romeo jointly announced they had entered into a definitive agreement for this all-stock transaction in which Romeo stockholders will receive 0.1186 of a share of Nikola common stock for each Romeo share, representing an equity value of approximately 4.5% pro forma ownership of Nikola. The exchange ratio represents an approximately 34% premium to Nikola’s and Romeo’s July 29, 2022 closing share prices and values Romeo’s equity at approximately $144 million.
As further described in Romeo’s public filings, Romeo’s Board of Directors unanimously determined that, after a comprehensive evaluation of strategic alternatives, the Merger Agreement is in the best interest of Romeo and its stockholders. As such, the Romeo Board recommends that Romeo stockholders tender their shares pursuant to the Offer.
If less than a majority of the outstanding shares of Romeo common stock are tendered, the Offer cannot be completed by Nikola.
Process for Romeo Stockholders to Tender their Shares
Alliance Advisors is acting as Information Agent for the Offer and Continental Stock Transfer & Trust Company is acting as Exchange Agent in the Offer. To request documents and assistance, Romeo Stockholders should call Alliance Advisors at (855) 643-7453 (Romeo stockholders call toll-free) or (973) 873-7700 (bankers and brokers call collect), or email This email address is being protected from spambots. You need JavaScript enabled to view it..
If stockholders hold shares of Romeo common stock through a broker, dealer, commercial bank, trust company or other nominee, these shares can be tendered by instructing such broker or other nominee before the expiration September 26, 2022. Stockholders should contact their broker or other nominee promptly to allow sufficient time to tender.
Compelling Rationale for Stockholders to Tender to the Nikola Offer
The recommendation is more completely described in Romeo’s Solicitation/Recommendation Statement on Schedule 14D-9 previously filed by Romeo with the Securities and Exchange Commission on August 29, 2022.
To participate in the exchange offer, Romeo stockholders must tender their shares of Romeo common stock to the Offer before its expiration at midnight, Eastern Time, at the end of September 26, 2022. A majority of shares of Romeo common stock are required to be tendered in order to complete the transaction, in addition to customary closing conditions.
About Romeo Power, Inc.
Founded in 2016 and headquartered in Cypress, California, Romeo (NYSE: RMO) is an energy storage technology company focused on designing and manufacturing lithium ion battery products and packs for vehicle electrification. Romeo’s suite of advanced battery electric products, combined with its innovative battery management system, delivers the safety, performance, reliability and configurability its customers need to succeed. To keep up with everything Romeo, follow Romeo on social media, @romeopowerinc or visit romeopower.com.
Additional Information and Where to Find It
This press release is for informational purposes only and is neither an offer to purchase nor a solicitation of an offer to sell shares. On August 29, 2022, Nikola Corporation (“Nikola”) filed a Registration Statement on Form S-4 (including a Prospectus/Offer to Exchange, a related Letter of Transmittal and other exchange offer documents with the U.S. Securities and Exchange Commission (the “SEC”) and may file additional amendments thereto, and Nikola and a wholly-owned subsidiary of Nikola filed a Tender Offer Statement on Schedule TO with the SEC and has and may file additional amendments thereto. In addition, on August 29, 2022, Romeo Power, Inc. (“Romeo”) filed a Solicitation/Recommendation Statement on Schedule 14D-9 with the SEC and has and may file amendments thereto. Nikola and Romeo may also file other documents with the SEC related to the transaction. This document is not a substitute for the Registration Statement, the Tender Offer Statement, the Solicitation/Recommendation Statement or any other document that Nikola or Romeo may file with the SEC related to the transaction (collectively, the “Exchange Offer Materials”). THE EXCHANGE OFFER MATERIALS CONTAIN IMPORTANT INFORMATION. ROMEO’S STOCKHOLDERS ARE URGED TO READ THESE DOCUMENTS CAREFULLY (AS EACH MAY BE AMENDED OR SUPPLEMENTED FROM TIME TO TIME) BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION THAT HOLDERS OF ROMEO’S SECURITIES SHOULD CONSIDER BEFORE MAKING ANY DECISION REGARDING TENDERING THEIR SECURITIES. The Exchange Offer Materials are available to all holders of r Romeo’s common stock at no expense to them. The Exchange Offer Materials are available for free at the SEC’s website at www.sec.gov. Additional copies may be obtained for free by contacting Investor Relations, Corporate Secretary at Romeo Power, Inc., 4380 Ayers Avenue Vernon, CA 90058 (for documents filed by Romeo) or Investor Relations, Corporate Secretary at Nikola Corporation, 4141 E Broadway Road, Phoenix, Arizona 85040 (for documents filed by Nikola).
Forward-Looking Statements
This press release contains forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, related to Romeo and the acquisition of Romeo by Nikola that involves substantial risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed or implied by such statements. Any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “may,” “should,” “could,” “would,” “expect,” “plan,” “anticipate,” “contemplate,” “intend,” “believe,” “estimate,” “continue,” “goal,” “project” or the negative of such terms or other similar terms. Forward-looking statements in this report include, among other things, statements about the potential benefits of the proposed transaction, Romeo’s plans, objectives, expectations and intentions, the financial condition, results of operations and business of Romeo, and the anticipated timing of closing of the proposed transaction. These forward-looking statements are subject to known and unknown risks, uncertainties and assumptions that could cause actual results to differ materially from those projected or otherwise implied by the forward-looking statements, including the following: risks related to the ability of Romeo to consummate the proposed transaction on a timely basis or at all; the satisfaction of the conditions precedent to consummation of the proposed transaction, including having a sufficient number of Romeo’s common stock being validly tendered into the exchange offer to meet the minimum condition; the ability to realize the anticipated benefits of the proposed transaction, including the possibility that the expected benefits from the proposed transaction will not be realized or will not be realized within the expected time period; disruption from the transaction making it more difficult to maintain business and operational relationships; the negative side effects of the announcement or the consummation of the proposed transaction on the market price of Romeo’s common stock or on Romeo’s operating results; significant transaction costs; unknown liabilities; the risk of litigation and/or regulatory actions related to the proposed transaction, risks that Romeo is unsuccessful in integrating potential acquired businesses and product lines; risks of decreased revenues due to pricing pressures or lower product volume ordered from customers; risks that our products, and services fail to interoperate with third-party systems; potential price increases or lack of availability of third-party technology, battery cells, components or other raw materials that we use in our products; potential disruption of our products, offerings, and networks; our ability to deliver products and services following a disaster or business continuity event; risks resulting from our international operations, including overseas supply chain partners; risks related to strategic alliances; risks related to our ability to raise additional capital in the future if required; potential unauthorized use of our products and technology by third parties; potential impairment charges related to our long-lived assets, including our fixed assets and equity method investments; changes in applicable laws or regulations, including tariffs and similar charges; potential failure to comply with privacy and information security regulations governing the client datasets we process and store; the possibility that the novel coronavirus pandemic may adversely affect our future results of operations, financial position and cash flows; the possibility that Russia’s invasion of Ukraine may result in continued price increases or lack of availability of certain raw materials; and the possibility that we may be adversely affected by other economic, business or competitive factors. The foregoing factors should not be construed as exhaustive and should be read together with the other cautionary statements included in this and other reports we file with or furnish to the SEC, including the information in “Item 1A. Risk Factors” included in Part I of our Annual Report on Form 10-K for the year ended December 31, 2021 and subsequent quarterly reports on Form 10-Q. If one or more events related to these or other risks or uncertainties materialize, or if our underlying assumptions prove to be incorrect, actual results may differ materially from what we anticipate.
Nikola Media
Nicole Rose
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480-660-6893
Colleen Robar
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313-207-5960
Romeo Power Media
Chris Hodges or Joe Caminiti
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312-445-2870
ARLINGTON, Va.--(BUSINESS WIRE)--$AVAV--AeroVironment, Inc. (NASDAQ: AVAV), a global leader in intelligent, multi-domain robotic systems, today announced Kevin McDonnell, senior vice president and chief financial officer, Scott Newbern, vice president and chief technical officer, and Jonah Teeter-Balin, senior director corporate development and investor relations, will present virtually at the William Blair What’s Next For Industrials Conference on Thursday, Sept. 22, 2022 at 12:00 p.m. PT / 3:00 p.m. ET.
ABOUT AEROVIRONMENT, INC.
AeroVironment (NASDAQ: AVAV) provides technology solutions at the intersection of robotics, sensors, software analytics and connectivity that deliver more actionable intelligence so you can proceed with certainty. Headquartered in Virginia, AeroVironment is a global leader in intelligent, multi-domain robotic systems and serves defense, government and commercial customers. For more information, visit www.avinc.com.
SAFE HARBOR STATEMENT
Certain statements in this press release may constitute "forward-looking statements" as that term is defined in the Private Securities Litigation Reform Act of 1995. These statements are made on the basis of current expectations, forecasts and assumptions that involve risks and uncertainties, including, but not limited to, economic, competitive, governmental and technological factors outside of our control, that may cause our business, strategy or actual results to differ materially from those expressed or implied. Factors that could cause actual results to differ materially from the forward-looking statements include, but are not limited to, our ability to perform under existing contracts and obtain additional contracts; changes in the regulatory environment; the activities of competitors; failure of the markets in which we operate to grow; failure to expand into new markets; failure to develop new products or integrate new technology with current products; and general economic and business conditions in the United States and elsewhere in the world. For a further list and description of such risks and uncertainties, see the reports we file with the Securities and Exchange Commission. We do not intend, and undertake no obligation, to update any forward-looking statements, whether as a result of new information, future events or otherwise.
Jonah Teeter-Balin
+1 (805) 520-8350 x4278
https://investor.avinc.com/contact-us
SUGAR LAND, Texas--(BUSINESS WIRE)--Trecora, a leading North American producer of Specialty Petrochemicals, will decrease the price of all grades of pentanes and hexanes by $0.03/lb., effective October 1, 2022, or as supply contracts permit.
Changing market fundamentals warrant this adjustment.
About Trecora
Trecora’s manufacturing site in Silsbee, Texas is one of America’s leading producers of high purity specialty hydrocarbons used to produce innovative and safe everyday use materials which reduce energy requirements. Trecora is also a producer of specialty waxes at a manufacturing site in Pasadena, Texas.
Peter Loggenberg
Chief Commercial and Sustainability Officer
Office: 281-980-5522
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www.trecora.com
DALLAS--(BUSINESS WIRE)--HF Sinclair Corporation (NYSE: DINO) (“HF Sinclair”) today announced the appointment of Atanas H. Atanasov as Executive Vice President and Chief Financial Officer of HF Sinclair effective September 30, 2022, and Holly Energy Partners, L.P. (NYSE: HEP) (“HEP”) today announced the appointment of Michael C. Jennings as President of Holly Logistic Services, L.L.C. (“HLS”) effective today. HLS is the ultimate general partner of HEP.
Mr. Atanasov currently serves as Chief Financial Officer of Lummus Technology LLC, a global chemical technologies company for the petrochemical and energy industries, a position he has held since April 2022. Prior to joining Lummus, Mr. Atanasov served as the Executive Vice President, Chief Financial Officer and Treasurer of Kraton Corporation, a NYSE listed specialty chemical company, from May 2019 until its merger with DL Holdings in March 2022. Prior to joining Kraton, he served as the Chief Financial Officer of Empire Petroleum Partners, LLC, a wholesale distributor of motor fuels, from February 2016 to May 2019. Prior to then, Mr. Atanasov served as Executive Vice President, Chief Financial Officer and Treasurer of NGL Energy Partners LP, a NYSE listed MLP, from May 2013 to February 2016, as Senior Vice President, Finance and Treasurer from September 2012 to May 2013 and as Vice President and Treasurer from November 2011 to September 2012. Prior to joining NGL, he held various finance roles of increasing responsibility with GE Capital from January 2003 to November 2011. He is a registered Certified Public Accountant.
Mr. Jennings also currently serves as the Chief Executive Officer of HF Sinclair and the Chief Executive Officer and Chairperson of the Board of Directors of HLS.
Richard L. Voliva III, who served as Executive Vice President and Chief Financial Officer of HF Sinclair and President of HLS, agreed to a mutual separation with HF Sinclair and HLS effective today.
“We want to thank Rich for his many years of service and contributions to HF Sinclair and HEP. Looking forward, we are excited that Atanas will be joining our executive leadership team,” said Mr. Jennings. “Atanas brings over 25 years of disciplined financial leadership experience in the energy and petrochemical industries and will be a valuable contributor as we continue to position HF Sinclair for the future.”
About HF Sinclair Corporation:
HF Sinclair Corporation, headquartered in Dallas, Texas, is an independent energy company that produces and markets high-value light products such as gasoline, diesel fuel, jet fuel, renewable diesel and other specialty products. HF Sinclair owns and operates refineries located in Kansas, Oklahoma, New Mexico, Wyoming, Washington and Utah and markets its refined products principally in the Southwest U.S., the Rocky Mountains extending into the Pacific Northwest and in other neighboring Plains states. HF Sinclair supplies high-quality fuels to more than 1,300 Sinclair branded stations and licenses the use of the Sinclair brand at more than 300 additional locations throughout the country. In addition, subsidiaries of HF Sinclair produce and market base oils and other specialized lubricants in the U.S., Canada and the Netherlands, and export products to more than 80 countries. Through its subsidiaries, HF Sinclair produces renewable diesel at two of its facilities in Wyoming and also at its facility in Artesia, New Mexico. HF Sinclair also owns a 47% limited partner interest and a non-economic general partner interest in Holly Energy Partners, L.P., a master limited partnership that provides petroleum product and crude oil transportation, terminalling, storage and throughput services to the petroleum industry, including HF Sinclair subsidiaries.
About Holly Energy Partners:
Holly Energy Partners, L.P., headquartered in Dallas, Texas, provides petroleum product and crude oil transportation, terminalling, storage and throughput services to the petroleum industry, including subsidiaries of HF Sinclair Corporation. HEP, through its subsidiaries and joint ventures, owns and/or operates petroleum product and crude pipelines, tankage and terminals in Colorado, Idaho, Iowa, Kansas, Missouri, Nevada, New Mexico, Oklahoma, Texas, Utah, Washington, and Wyoming, as well as refinery processing units in Kansas and Utah.
HF Sinclair Corporation
Holly Energy Partners, L.P.
Craig Biery, 214-954-6510
Vice President, Investor Relations
or
Trey Schonter, 214-954-6510
Manager, Investor Relations
SUGAR LAND, Texas--(BUSINESS WIRE)--Trecora, a leading North American producer of Specialty Waxes, will be removing the energy surcharge from all our wax products, effective as of October 15, 2022.
Accordingly, effective October 15, 2022, or as supply contracts permit, the prices for all Trecora wax products will increase for any physical form or packaging configuration by 10 cts/lb.
About Trecora
Trecora is a producer of specialty waxes at a manufacturing site in Pasadena, Texas. Trecora’s manufacturing site in Silsbee, Texas is one of America’s leading producers of high purity specialty hydrocarbons used to produce innovative and safe everyday use materials which reduce energy requirements.
Peter Loggenberg
Chief Commercial and Sustainability Officer
Office: 281-980-5522
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www.trecora.com
HOUSTON--(BUSINESS WIRE)--Westlake Chemical Partners (NYSE: WLKP) today provided the following information regarding 2021 investor tax reporting:
As previously noted in the 2021 Investor Tax Reporting Package for your investment in Westlake Chemical Partners, LP, the Partnership will report items of international tax relevance to our partners on new Schedule K-3 beginning in tax year 2021. As we disclosed in our quarterly distribution press releases, all of our income is effectively connected with a United States trade or business. However, a limited number of unitholders (primarily foreign unitholders and unitholders having US international reporting obligations) may need the detailed information disclosed on Schedule K-3 for their specific reporting requirements.
Our Schedule K-3 for tax year 2021 is now available online at www.taxpackagesupport.com/WLKP . This information may be necessary in the completion of your tax return. As such we encourage you to review the information contained on your Schedule K-3 and refer to the appropriate federal laws and guidance or consult with your tax advisor.
About Westlake Chemical Partners:
Westlake Chemical Partners is a limited partnership formed by Westlake Corporation to operate, acquire and develop ethylene production facilities and other qualified assets. Headquartered in Houston, the Partnership owns an 22.8% interest in Westlake Chemical OpCo LP. Westlake Chemical OpCo LP's assets consist of three ethylene production facilities in Calvert City, Kentucky, and Lake Charles, Louisiana and an ethylene pipeline. For more information about Westlake Chemical Partners LP, please visit http://www.wlkpartners.com.
Media Relations – L. Ben Ederington – 713.585.2900
Investor Relations – Steve Bender – 713.585.2900
TAMPA, Fla.--(BUSINESS WIRE)--$OMEX--Odyssey Marine Exploration, Inc. (NASDAQ:OMEX), a global subsea mineral exploration and development company, announces that on Monday, September 12, 2022, the company filed its post-hearing brief in its NAFTA case against Mexico. The post-hearing brief represents the final substantive submission in the case and was prepared by Odyssey’s legal team comprised of specialist international arbitration lawyers from Cooley LLP and King & Spalding LLP. The NAFTA case, which began with the Notice of Arbitration filed in April 2019, relates to one of the largest phosphate deposits to be discovered in the Americas.
“This is a major milestone in our NAFTA case. We’ve spent the last several years gathering and providing clear and compelling evidence to the NAFTA Tribunal, and we remain confident in our case, which is now in the hands of the Tribunal,” stated Mark Gordon, Odyssey’s Chief Executive Officer. “We have always believed that bringing this project into production is in Mexico’s and Odyssey’s best interests as doing so has the potential to significantly enhance Mexico’s food security and make it a world leader in environmentally responsible phosphate extraction. It is unfortunate, especially considering current world food prices, that we were forced to commence an arbitration claim for substantial compensation rather than work with Mexico to realize the many economic, social and environmental benefits of the project.”
NAFTA Case Background
In 2012, Exploraciones Oceanicas S de R.L. de CV (ExO), a company in which Odyssey holds an approximately 56% interest, was granted a 50-year mining concession (extendable for another 50 years at ExO’s option) by Mexico. Odyssey conducted significant offshore exploration, sampling and environmental testing and in 2014 completed an NI 43-101 compliant technical report.
With the assistance of experts in marine dredging who have completed more than 200 projects in Mexican waters using the proposed technology and leading environmental scientists from around the world, Odyssey spent three years preparing an environmentally responsible development plan for the deposit, which lies 25-40 km offshore in Baja California Sur, Mexico. Odyssey believes the Mexican Ministry of the Environment and Natural Resources (SEMARNAT) rejected the environmental permit necessary to move forward with the project in April 2016 for political rather than environmental reasons.
ExO challenged the decision in Mexican federal court and in March 2018, the Tribunal Federal de Justicia Administrativa (TFJA), an 11-judge panel, ruled unanimously that SEMARNAT denied the application in violation of Mexican law and ordered the agency to re-take their decision. After SEMARNAT denied the necessary permit again, Odyssey began the NAFTA proceeding against Mexico to protect our shareholders’ interests and significant investment in the project.
Odyssey’s claim seeks compensation of over US$2 billion on the basis that SEMARNAT’s wrongful denial of authorization has destroyed the value of our investment in the country and is in violation of various provisions of NAFTA. All previous filings related to the NAFTA proceeding are available on the ICSID website, and the post-hearing brief is expected to be uploaded to the site after necessary redactions are finalized. Additional information about the case and evidence are included in Odyssey’s 10-K and 10-Q filings at www.sec.gov.
Although neither Odyssey nor its legal counsel can predict the length of the Tribunal’s deliberations or when a ruling will be issued, the company remains confident in the merits of its case.
Advancing Critical Mineral Resource Projects
While Odyssey awaits the outcome of the NAFTA proceeding, Odyssey and its partners continue to make considerable progress on other significant mineral projects. The company is putting its vast phosphate knowledge to use in two new projects currently under development. Separately, Odyssey also has multiple projects focused on the critical minerals essential for U.S. economic and national security and supporting the world’s green energy transformation.
Recent legislative actions by the U. S. government have shined a light on the growing imbalance for key strategic minerals, including cobalt and manganese, within the United States. This imbalance will only increase, and marine-based mineral deposits provides a potential solution that does not include a massive increase in terrestrial mining and the associated environmental challenges that accompany terrestrial mining activities. After completing the necessary environmental studies and requirements, these subsea projects can contribute to a sustainable future with less environmental and social impact on the planet. These factors, among others, have created increasing strategic investor and media interest in these projects.
Odyssey is ready to help solve this strategic mineral imbalance with proven experience in all stages of deep-ocean mineral project development, including resource validation, resource assessment, environmental impact studies, extraction programs, commercial programs and licensing for various mineral resources in multiple jurisdictions around the world.
About Odyssey Marine Exploration
Odyssey Marine Exploration, Inc. (Nasdaq: OMEX) is a deep-ocean exploration pioneer engaged in the discovery, validation and development of subsea mineral deposits in a socially and environmentally responsible manner. Odyssey’s growing project portfolio includes different mineral sets in various jurisdictions around the world. Odyssey also provides marine services for private clients and governments. For additional details, please visit www.odysseymarine.com. An investor presentation is available in the Investors section of the website.
Forward Looking Information
Odyssey Marine Exploration believes the information set forth in this Press Release may include "forward looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. Certain factors that could cause results to differ materially from those projected in the forward-looking statements are set forth in "Risk Factors" in Part I, Item 1A of the Company's Annual Report on Form 10-K for the year ended December 31, 2021, which was filed with the Securities and Exchange Commission on March 31, 2021. The financial and operating projections as well as estimates of mining assets are based solely on the assumptions developed by Odyssey that it believes are reasonable based upon information available to Odyssey as of the date of this release. All projections and estimates are subject to material uncertainties and should not be viewed as a prediction or an assurance of actual future performance. The validity and accuracy of Odyssey's projections will depend upon unpredictable future events, many of which are beyond Odyssey's control and, accordingly, no assurance can be given that Odyssey's assumptions will prove true or that its projected results will be achieved.
Laura Barton
Odyssey Marine Exploration, Inc.
(813) 876-1776 x 2562
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NORTH BETHESDA, Md.--(BUSINESS WIRE)--$ESAB #ESABCorporation--ESAB Corporation (“ESAB” or the “Company”) (NYSE: ESAB), a world leader in fabrication and specialty gas control technology, announced today that its Board of Directors has declared a quarterly cash dividend of $0.05 per share of the Company’s common stock. The dividend is payable on October 14, 2022 to shareholders of record as of September 30, 2022.
About ESAB Corporation
ESAB Corporation (NYSE: ESAB) is a world leader in fabrication and specialty gas control technology, providing our partners with advanced equipment, consumables, specialty gas control, robotics, and digital solutions which enable the everyday and extraordinary work that shapes our world. To learn more, visit www.ESABcorporation.com.
Investor Relations:
Mark Barbalato
Vice President, Investor Relations
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
Phone: 1-301-323-9098
Media:
Tilea Coleman
Vice President, Corporate Communications
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Phone: 1-301-323-9092
American BioCarbon’s biochar is now certified for Carbon Removal Credits
WHITE CASTLE, La.--(BUSINESS WIRE)--American BioCarbon, an innovative manufacturer of renewable products made from sugarcane bagasse, has successfully completed a rigorous certification process conducted by Puro.earth to verify its biochar as a carbon removal tool. American BioCarbon is now certified to sell digital tradable assets called CO2 Removal Certificates (CORCs) in the carbon markets under an agreement with Puro.earth. This certification represents a major milestone as American BioCarbon seeks to become the largest capacity biochar producer in the U.S.
The Puro.earth certification is a rigorous verification process which confirmed that American BioCarbon’s biochar is truly carbon net-negative and complies with Puro Standard’s methodology requirements including environmental safeguards. Independent assessors audited American BioCarbon’s production facility and validated the accuracy of the company’s data. The audit considers product lifecycle, requires scientific measurement and quantification of the removed CO2, and its residence time in storage. The verified volume of extra carbon absorbed in the biochar is then issued CORCs for every metric ton of CO2 removed and stored.
“We are pleased with the results of the Puro.earth audit, which confirm that American BioCarbon’s biochar is an effective carbon removal solution,” said Ned Dwyer, CEO of American BioCarbon. “We are proud to utilize an agricultural waste product, which otherwise creates a significant environmental liability, and transform it into a valuable climate-positive Carbon Dioxide Removal (CDR) commodity.”
“Biochar is recognized in the IPCC report as a route to terrestrial carbon storage. Puro.earth is proud to welcome American BioCarbon to offer its CORCs to responsible corporations that want to remove their carbon emissions. The large volume of CORCs increases much needed supply in the carbon markets,” said Marianne Tikkanen, Head of Carbon Removal Supply at Puro.earth.
American BioCarbon’s bagasse-based biochar captures carbon (that would otherwise be released into the atmosphere through bagasse decomposition or burn-offs) in a secure chemical structure, 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. The Puro Standard 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
Earth to Energy provides development capital to finance the creation, expansion, and improvement of projects in the waste-to-energy sector. Investments focus on opportunities with potential to expand beyond their current size and capability, transforming waste products into renewable energy at scale. Earth to Energy owns a controlling interest and operates its assets, thus managing its investments to maximize potential, tax efficiency and overall returns. More information about Earth to Energy 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.earth 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
Public (Investor) Relations:
Raymond John Pirrello
Earth to Energy
561-886-7277
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Media Inquiries:
Sarah Boone
Earth to Energy
207-358-2104
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Elba Horta
Puro.earth
+358 40 5022406
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THOUSAND OAKS, Calif.--(BUSINESS WIRE)--Kolibri Global Energy Inc. (the “Company” or “KEI”) (TSX: KEI, OTCQX: KGEIF) is pleased to provide an update on its operations located in the Company’s Tishomingo field in Oklahoma.
OPERATIONS
The Company spudded the Brock 9-3H well today. The Brock 9-3H is the third well in the Company’s 2022 drilling program. The spudding had been delayed while the rig operator waited for and then replaced some components. After drilling the Brock 9-3H, the rig will slide over to drill the Glenn 16-3H from the same pad and then move to the Emery 17-2H well, which is the fifth well in the 2022 drilling program.
The location work for the Emery 17-2H is complete and the conductor has been set awaiting the drilling rig. The completion operations for the Brock 9-3H and Glenn 16-3H wells are planned for the end of October.
Wolf Regener, President and CEO, commented, “We appreciate the diligence of the rig contractor in ensuring that the drilling rig is in good shape prior to starting on our wells. We are looking forward to safely and efficiently drilling and completing these next wells. I’m pleased to say that our previous wells, the Barnes 7-3H and Barnes 8-4H wells, both continue to exceed our management type curve.”
About Kolibri Global Energy Inc.
Kolibri Global Energy Inc. is an international energy company focused on finding and exploiting energy projects in oil, gas, and clean and sustainable energy. Through various subsidiaries, the Company owns and operates energy properties in the United States. The Company continues to utilize its technical and operational expertise to identify and acquire additional projects. The Company's shares are traded on the Toronto Stock Exchange under the stock symbol KEI and on the OTCQX under the stock symbol KGEIF.
Caution Regarding Forward-Looking Information
Certain statements contained in this news release constitute "forward-looking information" as such term is used in applicable Canadian securities laws and “forward-looking statements” within the meaning of United States securities laws (collectively, “forward looking information”), including statements regarding the expected timing and completion of the Company’s work and operations, the Company safely and efficiently drilling and completing the wells, and expected results from the wells.
Forward-looking information is based on plans and estimates of management and interpretations of data by the Company's technical team at the date the data is provided and is subject to several factors and assumptions of management, including $90 a barrel oil price, $6 Henry Hub and NGL pricing of $36 bbl, cost inflation of over 20% for the three remaining wells planned for 2022, work and operations in the Company’s 2022 drill program being completed on schedule, future operating costs, forecast prices and costs, estimated production, capital and other expenditures, plans for expected results of drilling activity, that anticipated results and estimated costs will be consistent with management’s expectations, that required regulatory approvals will be available when required, that no unforeseen delays, unexpected geological or other effects, including flooding and extended interruptions due to inclement or hazardous weather conditions, equipment failures, permitting delays or labor or contract disputes are encountered, that the necessary labor and equipment will be obtained, that the development plans of the Company and its co-venturers will not change, that the offset operator’s operations will proceed as expected by management, that the demand for oil and gas will be sustained, that the price of oil will be sustained or increase, that the Company will continue to be able to access sufficient capital through cash flow, debt, financings, farm-ins or other participation arrangements to maintain its projects, and that global economic conditions will not deteriorate in a manner that has an adverse impact on the Company's business, its ability to advance its business strategy and the industry as a whole.
Forward-looking information is subject to a variety of risks and uncertainties and other factors that could cause plans, estimates and actual results to vary materially from those projected in such forward-looking information. Factors that could cause the forward-looking information in this news release to change or to be inaccurate include, but are not limited to, the risk that any of the assumptions on which such forward looking information is based vary or prove to be invalid, including that the Company or its subsidiaries is not able for any reason to obtain and provide the information necessary to secure required approvals or that required regulatory approvals are otherwise not available when required, that unexpected geological results are encountered, that equipment failures, permitting delays, labor or contract disputes or shortages of equipment or labor or materials are encountered, the risks associated with the oil and gas industry (e.g. operational risks in development, exploration and production; delays or changes in plans with respect to exploration and development projects or capital expenditures; the uncertainty of reserve and resource estimates and projections relating to production, costs and expenses, and health, safety and environmental risks, including flooding and extended interruptions due to inclement or hazardous weather conditions), the risk of commodity price and foreign exchange rate fluctuations, that the offset operator’s operations have unexpected adverse effects on the Company’s operations, that completion techniques require further optimization, that production rates do not match the Company’s assumptions, that very low or no production rates are achieved, that the price of oil will decline, that the Company is unable to access required capital, that occurrences such as those that are assumed will not occur, do in fact occur, and those conditions that are assumed will continue or improve, do not continue or improve, and the other risks and uncertainties applicable to exploration and development activities and the Company's business as set forth in the Company's management discussion and analysis and its annual information form, both of which are available for viewing under the Company's profile at www.sedar.com, any of which could result in delays, cessation in planned work or loss of one or more concessions and have an adverse effect on the Company and its financial condition. The Company undertakes no obligation to update these forward-looking statements, other than as required by applicable law.
Wolf E. Regener, +1 (805) 484-3613
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Website: www.kolibrienergy.com
> The target is to accelerate and simplify Vehicle-to-Everything (V2X) deployment and operations of secure corridor management
VIENNA & LOS ANGELES--(BUSINESS WIRE)--Kapsch TrafficCom (KTC) and Microsec Ltd. are announcing a new strategic collaboration. The partnership is geared towards delivering industry-leading secure digital services for the global transportation market. Its goal is to improve safety, reduce congestion and related emissions, and to support the advancement of automated vehicles. The collaboration focuses on comprehensive, modular, and secure connected corridor solutions to deliver trusted, reliable, and authenticated digital services.
“Connected Vehicle Services and the connected transportation market are ready for operational programs which truly impact the safety of our transportation stakeholders,“ states Steve Sprouffske, VP Connected Vehicle Services at Kapsch TrafficCom. “With this new collaboration with Microsec, a Qualified Trust Service Provider (QTSP) with nearly 40 years of security service, we want to spur new growth at scale which delivers on the promise of Connected Vehicles.”
“Kapsch TrafficCom is a recognized industry leader and integrating our commercially deployed and state-of-the-art V2X PKI solutions with their highly sought after connected roadside infrastructure and digital services is a real benefit to road operators as it simplifies procurement, integration, deployment and operations,” says Márton Hegedüs, CEO of Microsec. “V2X communications is about delivering roadside safety and facilitating greater traffic efficiency, but it can’t function without the trust afforded by security credentials.”
Find out more
Meet the Kapsch TrafficCom team at ITS World Congress being held in Los Angeles, California from September 18-22 (booth #1853).
Coordinate a meeting with Microsec by visiting v2x-pki.com or email at This email address is being protected from spambots. You need JavaScript enabled to view it.. Members of the Microsec team will also be attending the ITS World Congress.
Find the full press release at Press | Kapsch TrafficCom
About Kapsch TrafficCom
Kapsch TrafficCom is a globally renowned provider of transportation solutions for sustainable mobility with successful projects in more than 50 countries. Innovative solutions in the application fields of tolling, tolling services, traffic management and demand management contribute to a healthy world without congestion.
About Microsec Ltd.
Founded nearly 40 years ago in 1984, Microsec is a recognized leader in trust services offering reliable PKI solutions not just in transportation and automotive, but also for enterprise customers, financial institutions, Trust Service Providers (TSPs), and mobile solutions utilizing two-factor electronic authentication, transaction authorization and electronic signatures.
Ingrid Riegler
Kapsch TrafficCom AG
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Next-Gen MOX-Based Solutions Offer Affordable Sensors for Methane Monitoring, Mitigation, and Management, now Available on the Project Canary Platform
DENVER & STÄFA, Switzerland--(BUSINESS WIRE)--Project Canary®, a leading climate data insights and emissions performance company, announced a partnership today with Sensirion Connected Solutions (SCS), a leading provider of sensor-based monitoring solutions. Project Canary’s climate analytics platform now provides upstream and midstream operators access to various methane monitoring sensors, including third party devices, to account for total site emissions.
United by joint climate missions and leadership teams who value trust, transparency, and reliability, the innovative new offering of Project Canary and SCS gives customers more choices to impact climate change positively and future-proof their methane detection and quantification strategies.
“When it comes to measured performance profiles and verifiable climate credentials, our customers are entering into an era of next-gen RSG and updated protocols,” says Project Canary CEO and Co-Founder Chris Romer. “Different pads need different solutions. Customers can address their need for better data to give operational insights by creating customized sensor arrays. This partnership signals our now-open-sensor platform so customers can choose from various managed hardware solutions. Project Canary integrates the best sensors into our platform to provide the highest quality data to meet the market demands for accurate, independent emission profiles.”
“We are seeing a race among companies to provide reliable emissions data and services. Industry leaders in the energy sector want to be ahead of the regulatory curve, and that’s where Project Canary and Sensirion Connected Solutions come in. Together, we enable the energy industry to roll out a scalable, high-quality solution to all gas well sites,” says Dr. Felix Hoehne, General Manager at Sensirion Connected Solutions.
About Project Canary
Project Canary is the leading provider of on-demand climate insights for emission-intensive companies. By integrating a sensor canopy with a real-time portal and in-depth data analytics, the company provides operational insights, emissions data and verified climate attributes for the decarbonization of energy systems while delivering independently-verified climate credentials that support investment, safety, reporting, and disclosure actions. Formed as a Public Benefit Corporation, the U.S. Colorado-based team includes scientists, engineers, and seasoned industry operators, all focused on emissions reduction, using a quantifiable, measurement-based approach. www.projectcanary.com
About Sensirion Connected Systems (SCS)
Sensirion Connected Solutions specializes in providing sensor-based, end-to-end solutions and services to improve efficiency and reliability for a more sustainable future. By combining unique innovative sensor technology, data analysis and a well-thought-out user experience, Sensirion Connected Solutions offers easy-to-use and scalable solutions for emission monitoring and predictive maintenance. The company is located in Stäfa, Switzerland, in Berlin, Germany and in Chicago, Illinois, USA. Sensirion Connected Solutions is part of Sensirion, a global leader in the manufacture of digital microsensors for high-performance environmental and flow sensing. www.sensirion-connected.com
Project Canary: This email address is being protected from spambots. You need JavaScript enabled to view it.
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HALIFAX, Nova Scotia--(BUSINESS WIRE)--Slate Asset Management (“Slate”), a global alternative investment platform targeting real assets, today announced a strategic partnership with Roswall Development Inc. (“Roswall”), a fully integrated Canadian renewable energy company based in Halifax, Nova Scotia, through the acquisition of a significant minority stake in the company.
Roswall is an experienced developer of renewable energy projects offering complete energy solutions for infrastructure, industries, and communities in partnership with private and public enterprises. Roswall’s full suite of services includes consulting, strategic planning, design-build installations, development, financing, and operations of renewables projects. The leadership team at Roswall has been active in the renewable energy industry for over 15 years, having successfully developed, constructed, and operated C$150 million of wind, solar, and retrofit projects across North America. Roswall was also awarded the first independent retail electricity licence in Nova Scotia in October 2021.
The partnership with Slate will help fund future renewables projects developed by Roswall, which has a significant and actionable pipeline of wind development opportunities that will support its retail operation by providing 100% clean electricity to its customers. Additionally, it has a growing turnkey business focused on commercial, institutional, and industrial markets. The Roswall team will also benefit from the global expertise, resources, and relationships of the broader Slate platform as it looks to scale its platform across Canada and North America.
“We believe that proven and scalable renewable energy solutions can meaningfully improve the resiliency of our cities and communities by reducing energy consumption, minimizing the environmental impacts of energy production, and increasing the reliability and efficiency of our energy sources,” said Christian Schmid, Managing Director and Global Head of Infrastructure at Slate. “Roswall’s experienced team has been on the front lines of the significant energy transition taking place globally over the past decade, working to broaden access to affordable, reliable, sustainable, and modern energy sources across North America. We look forward to partnering closely with the Roswall team on integrations across our own real estate portfolio and supporting their mission of continuing to accelerate the energy transition worldwide.”
Daniel Roscoe, Chief Executive Officer at Roswall, said: “The energy economy is changing at a dramatic pace. We have shown with our work in Nova Scotia and the Caribbean that locally produced renewable energy combined with energy retrofits can provide cost savings, emission reductions, and energy security. We are excited to find a likeminded partner in Slate, with the capacity and experience to grow our approach and accelerate energy transition and climate action here in Nova Scotia and abroad.”
Slate is an active investor in sustainable assets and technologies that advance the global energy transition and enable cities and communities to reach their carbon emission reduction goals. The firm recently hired Jeff Rodgers as Managing Director, North American Infrastructure to support the continued growth of Slate’s infrastructure platform globally, with a focus on uncovering investment opportunities tied to the global energy transition in the US and Canada.
About Slate Asset Management
Slate Asset Management is a global alternative investment platform targeting real assets. We focus on fundamentals with the objective of creating long-term value for our investors and partners. Slate’s platform has a range of real estate and infrastructure investment strategies, including opportunistic, value add, core plus and debt investments. We are supported by exceptional people and flexible capital, which enable us to originate and execute on a wide range of compelling investment opportunities. Visit slateam.com to learn more.
About Roswall Development Inc.
Roswall Development Inc. is an experienced developer of renewable energy projects, encompassing all aspects from financing and construction to operation. We are focused on enabling regions, industries, and public institutions to become energy self-sufficient through development of renewable energy systems and energy efficiency retrofits. Roswall's team has over 15 years of experience with over $150M of wind, solar and retrofit projects successfully developed, constructed and operated. Active in both Canada and the Caribbean, Roswall is helping accelerate the energy transition by helping companies and institutions get to zero emissions cost effectively. Learn more at roswall.ca.
Slate Asset Management
Karolina Kmiecik
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Roswall Development Inc.
Daniel Roscoe
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COLUMBUS, Ind.--(BUSINESS WIRE)--For the first time since finalizing the acquisition of Meritor, Inc. last month, Cummins Inc. (NYSE: CMI) will showcase Meritor’s 17Xe ePowertrain assembled with a Cummins battery system during the IAA Transportation tradeshow in Hannover, Germany. The 17Xe is designed for heavy-duty trucks in the 4x2 and 6x2 segment, with capacity to support 44 tons of gross combined weight, or more in some applications. The assembly also features a lithium iron phosphate (LFP) battery pack, a new arrival to Cummins’ battery line-up.
“We are committed to bringing Cummins and Meritor electrified powertrain solutions to market as quickly as possible. We are moving faster together and are eager to talk about solutions at IAA that will move us all closer to decarbonizing our industry,” said Amy Davis, Vice President and President of New Power at Cummins. “Cummins and Meritor bring together the industry’s best, most economically viable decarbonized powertrain solutions that are better for people and our planet.”
Meritor brings more than 100 years of experience in drivetrain, mobility, braking, aftermarket and electric powertrain solutions to Cummins. The integration of Meritor’s people, products and capabilities in axle and brake technology will position Cummins as a leading provider of integrated powertrain solutions across internal combustion and electric power applications.
With 100% zero-emissions ePowertrains already in production, the combined strength of Cummins and Meritor delivers advanced, decarbonized transport solutions for the commercial vehicle market.
Cummins is integrating Meritor’s ePowertrain with battery and fuel cell electric drivetrains to meet the growing demand for decarbonized solutions. Cummins’ market-leading suite of clean drivetrain options offers performance and packaging advantages to suit diverse applications across the globe, with significant benefits to heavy- and medium-duty truck and bus work cycles and ranges.
In addition to the ePowertrain, Meritor’s Power Control and Accessory System (PCAS) will be on the show floor. The PCAS is considered the “brains” of the electric powertrain and controls speed, acceleration, braking and thermal management. Through innovative software controls it can be configured to maximize performance and overall system efficiency. Its integrated system design also reduces packaging size and integration complexity.
About Cummins Inc.
Cummins Inc., a global power technology leader, is a corporation of complementary business segments that design, manufacture, distribute and service a broad portfolio of power solutions. The company’s products range from internal combustion, electric and hybrid integrated power solutions and components including filtration, aftertreatment, turbochargers, fuel systems, controls systems, air handling systems, automated transmissions, electric power generation systems, microgrid controls, batteries, electrolyzers and fuel cell products. Headquartered in Columbus, Indiana (U.S.), since its founding in 1919, Cummins employs approximately 59,900 people committed to powering a more prosperous world through three global corporate responsibility priorities critical to healthy communities: education, environment and equality of opportunity. Cummins serves its customers online, through a network of company-owned and independent distributor locations, and through thousands of dealer locations worldwide and earned about $2.1 billion on sales of $24 billion in 2021.
Jon Mills
Director – External Communications
(317) 658-4540
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BRADDOCK, Pa.--(BUSINESS WIRE)--Fifth Season and Scale Microgrid Solutions are hosting a breakfast event on Wednesday, September 21, 2022 during the Global Clean Action Forum Week.
Fifth Season - based in Pittsburgh - is one of the key players in the growing vertical farming space. Their indoor farm uses 97% less land and 95% less water than traditional farming, and the advanced AI robotics that operate the farm are bringing costs in line with conventional crops.
In order to create an optimal indoor farming environment, Fifth Season needs to ensure affordable, clean and reliable power.
The microgrid at Fifth Season utilizes a combination of solar, battery, and a dispatchable generator outfitted with advanced emissions control technology.
The solar panels used on this project have a peel and stick application that doesn't require a frame or mounting equipment. This unique technical feature makes for extremely light construction by eliminating the need to make structural changes to existing roofs.
To join the event and get an inside look into the intersection of the Agtech and Cleantech ecosystems, please RSVP here: https://www.scalemicrogridsolutions.com/fifthseason-event
About Fifth Season: Fifth Season is a food system pioneer creating a new category of local, fresh food grown in fully-automated vertical farms. Its farms are run by proprietary software built in house, and its software and robotics system is what enabled the team at Fifth Season to deliver an unprecedented, entirely replicable farm that produces consistently fresh leafy greens and prepared salads. The company aims to decentralize the fresh food supply chain, produce fresh produce more efficiently in smaller spaces, and meet cravings for just-harvested, regionally-grown ingredients and inspired meals. For more information on Fifth Season, its technology, and produce, visit fifthseasonfresh.com.
About Scale Microgrid Solutions: Scale is a vertically integrated distributed energy platform, with a core focus of designing, building, financing, owning and operating cutting-edge distributed energy assets that offer cheaper, cleaner, and more resilient power. Their team of energy and financing experts accelerate growth in distributed energy projects by providing financing to technology providers, energy developers, and OEMs, while also directly helping large energy-consuming customers to take charge of their energy infrastructure and future-proof their businesses.
Media:
Nicole Green
Director, Marketing and Branding
Scale Microgrid Solutions
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DUBLIN--(BUSINESS WIRE)--The "Global Oil & Gas Pipeline Leak Detection System (LDS) Market (2022 Edition) - Analysis By Equipment, Application, By Region, By Country: Market Insights and Forecast with Impact of COVID-19 (2023-2028)" report has been added to ResearchAndMarkets.com's offering.
The Global Oil & Gas Pipeline Leak Detection System Market was valued at USD 1585.27 Million in the year 2021 with the Americas region dominating the regional market share.
The global market is driven by the factors such as increasing natural gas production, increasing trade of oil & gas products coupled with growing pipeline infrastructure and associated regulatory policies.
Also, the rising expenditure of pipeline companies on maintenance of the ageing pipelines in the countries and escalating role of government in empowering the usage of leak detection measures to avoid disastrous leakage is driving the market growth.
The growing market of oil and gas, especially gas production in countries like the United States, China and India and increasing energy consumption across the globe are expected to drive the LDS market during the forecast period.
Also, the oil & gas pipeline leak detection market is anticipated to witness significant growth because the incidence of leaks adversely affects the environment as well as the finances of the companies accountable to pay hefty amounts in the form of compensation or damage. Hence, rising awareness to prevent such leakages fuel the demand and also it is paramount for companies to install efficient detection methods.
However, the global oil and gas pipeline sector has been facing several hardships due to the Covid-19 pandemic-induced demand destruction and a weak global economic outlook. Consequently, delaying financial investment decisions (FIDs), slashing capital expenditure, and stalling avoidable projects have become a norm for several pipeline operators to sustain and tide over the current crisis.
One of the primary measures that a majority of pipeline operators adopted to contain the losses is to delay (final Investment Decision) FIDs of upcoming projects. Driftwood Pipeline's FID, initially expected in 2020, is planned in 2021 as its developer, Tellurian Investments Inc. has been struggling to secure financing partners for its entire project. Similarly, Phillips 66 Partners, one of the joint developers of Ace pipeline, postponed FID on this project, which is likely to push the start of the project by a couple of years from the initially planned 2020.
Key Target Audience
Key Topics Covered:
1. Report Scope and Methodology
2. Strategic Recommendations
3. Global Oil & Gas Pipeline Leak Detection System Market: Product Overview
4. Global Oil & Gas Pipeline Leak Detection System Market: An Analysis
5. Global Oil & Gas Pipeline Leak Detection System Market: Segmental Analysis
5.1 Global Oil & Gas Pipeline Leak Detection System Market Segmentation, By Equipment
5.2 Competitive Positioning of Oil & Gas Pipeline Leak Detection System Market: By Equipment (2021 & 2028)
5.3 By Thermal Imaging, By Value (USD Million), 2018-2028
5.4 By Flow Meters, By Value (USD Million), 2018-2028
5.5 By Pressure Sensors, By Value (USD Million), 2018-2028
5.6 By Fiber Optics, By Value (USD Million), 2018-2028
5.7 By Acoustic Sensors, By Value (USD Million), 2018-2028
5.8 By Software Sensors, By Value (USD Million), 2018-2028
6. Global Oil & Gas Pipeline Leak Detection System Market: Segment Analysis
6.1 Global Oil & Gas Pipeline Leak Detection System Market Segmentation, By Application
6.2 Competitive Positioning of Global Oil & Gas Pipeline Leak Detection System Market, By Application (2021 & 2028)
6.3 By Offshore, By value (USD Million), 2018-2028
6.4 By Onshore, By Value (USD Million), 2018-2028
7. Global Oil & Gas Pipeline Leak Detection System Market: Regional Analysis
8. Americas Oil & Gas Pipeline Leak Detection System Market: An Analysis (2018-2028)
9. Europe Oil & Gas Pipeline Leak Detection System Market: An Analysis (2018-2028)
10. Asia Pacific Oil & Gas Pipeline Leak Detection System Market: An Analysis (2018-2028)
11. Middle East and Africa Oil & Gas Pipeline Leak Detection System Market: An Analysis (2018-2028)
12. Global Oil & Gas Pipeline Leak Detection System Market Dynamics
13. Market Attractiveness and Strategic Analysis
14. Competitive Landscape
15. Company Profiles (Business Description, Financial Analysis, Business Strategy)
15.1 Siemens AG
15.2 Honeywell International Inc.
15.3 Xylem Inc.
15.4 PSI AG
15.5 Perma-Pipe
15.16 Schneider Electric
15.7 Teledyne FLIR
15.8 Emerson
15.19 Schlumberger
15.10 SENSIT Technologies
For more information about this report visit https://www.researchandmarkets.com/r/4n9jah
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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AKRON, Ohio--(BUSINESS WIRE)--$BW #renewableenergy--Babcock & Wilcox Enterprises, Inc. (NYSE:BW) (B&W) has been invited to present at D.A. Davidson’s 21st Annual Diversified Industrials & Services Conference, which is being held at the Virgin Hotel in Nashville, TN, September 22-23, 2022.
B&W management is scheduled to present Friday, September 23, from 11:00 a.m.- 11:30 a.m. Eastern Time, with one-on-one meetings to be held throughout the conference.
To receive additional information, request an invitation or to schedule a one-on-one meeting, please contact your D.A. Davidson representative or visit the conference web site.
About Babcock & Wilcox
Headquartered in Akron, Ohio, B&W is a global leader in energy and environmental technologies and services for the power and industrial markets. Follow B&W on LinkedIn and learn more at babcock.com.
Investor Contact:
B&W Investor Relations
704.625.4944
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Media Contact:
Ryan Cornell
B&W Public Relations
330.860.1345
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THE WOODLANDS, Texas--(BUSINESS WIRE)--#advancedrecycling--Encina Development Group (“Encina” or the “Company”), a producer of ISCC+ circular chemicals from end-of-life plastics, announced that Ms. Sheida Sahandy, Encina’s Chief Sustainability Officer will present at two major industry events in September.
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The Global Plastics Summit (GPS) and the Polyethylene-Polypropylene Chain Global Technology & Business Forum (PEPP) combined conference. GPS+PEPP is the leading industry event providing perspectives from across the entire plastics supply chain including producers, converters, brand owners and innovators. This year’s event is in-person in Chicago on September 20-22, 2022. |
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Ms. Sahandy will join other speakers in the Progress to a Circular Economy session to discuss regulations, policies, and channels in a circular economy. The session is on September 22, at 8:20 a.m. CT. |
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| 2. | Plastics Recycling and the Circular Economy virtual event is hosted by Chemical Market Analytics by OPIS, a Dow Jones Company. This event is a part of the Barron’s/Dow Jones Energy & Sustainability Issue Briefing Event Series. |
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Ms. Sahandy will join other speakers to address issues and solutions facing the circular economy for plastics. This complimentary virtual event is on September 28, 2022, from 12:00 -1:30 p.m. ET. To register and learn more about the event, please click the link to the event registration page. |
About Encina Development Group
Encina Development Group produces circular chemicals. Encina’s products provide the basic building blocks for customers to meet their renewable content goals and enable the cyclical production and reproduction of products across a broad spectrum of ubiquitous goods, including consumer products and packaging, pharmaceuticals, construction, and much more. For more information, please visit: www.encina.com.
Aileen Fan
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305-310-8218
Under a Power Purchase Agreement (PPA) Ameresco, Colorado Mountain College and Holy Cross Energy partnered to install 5MW of solar PV and 15MWH battery energy storage
FRAMINGHAM, Mass. & GLENWOOD SPRINGS, Colo.--(BUSINESS WIRE)--#carbonreduction--Colorado’s largest solar array and battery storage facility of its kind was the focus on Wednesday of a public ribbon-cutting celebration at Colorado Mountain College (CMC) Spring Valley at Glenwood Springs. The project is 95% complete and is scheduled to reach commercial operation this fall.
Community members, renewable energy experts, government officials and CMC students, including students from the college’s sustainability studies program, faculty and staff gathered at the Spring Valley campus to commemorate the occasion with speeches and vehicle tours of the 22-acre solar array site. Gov. Jared Polis shared his support of the project in a taped presentation.
“Protecting Colorado’s way of life means doing our part to combat climate change,” Polis said. “Swiftly adopting renewable energy in our electricity sector and then extending the impact of that clean electricity across the economy will protect the health of our communities, create good paying jobs, strengthen our economy and save Coloradans money. It’s projects like the one we celebrate today that will make that possible. When organizations like Colorado Mountain College, Holy Cross Energy and Ameresco partner together, amazing things can happen.”
The Solar Array and Battery Storage Complex at Colorado Mountain College Spring Valley is the result of a partnership between Ameresco, a clean-technology leader headquartered in Framingham, Massachusetts; Holy Cross Energy, a local rural electric cooperative serving close to 50,000 members in the Eagle, Roaring Fork and Colorado river valleys; Sunsense Solar, a Carbondale-based solar electric engineering and construction contractor; and Colorado Mountain College, which is leasing college-owned land just south of the Spring Valley campus to Ameresco to operate the project.
“Here in the rural West, we have long understood we are stronger when we work together,” said CMC President and CEO Carrie Besnette Hauser. “This collaboration between CMC, Holy Cross and Ameresco is a shining example of that ethos as we work together to reduce our carbon emissions and protect these amazing mountain landscapes that we all love from the very real threat of climate change. We must all do our part.”
The solar array is a 4.5AC-megawatt, grid-tied project that sends electricity directly to HCE’s distribution system, making renewable energy an environmentally sound and cost-effective option to its members. The array can supply renewable solar energy to approximately 1,000 homes. The complex also includes five megawatts of battery storage, which can be discharged during times of peak-demand for HCE.
Additionally, the avoided annual greenhouse gas emissions of the project’s solar photovoltaic system are expected to be 6,853 metric tons of carbon dioxide equivalent, which equates to the emissions benefit of annually removing 1,481 passenger vehicles from the road or not burning 7,551,050 pounds of coal.
Comprised of over 13,500 solar modules, many of which can track the sun, the project also includes a battery system that contains 68 battery stacks housed in four on-site containers that allow for solar power in a variety of conditions.
The renewable energy efficiencies of this project will allow HCE and Colorado Mountain College to both achieve goals they have set. It will further HCE’s goal of increasing the renewable energy it provides to its members to 100% clean energy sources by 2030. And it will move CMC towards its 2050 carbon neutrality goal, since HCE will retire renewable energy credits on the college’s behalf, in a quantity sufficient to offset 100% of the electricity use of three CMC campuses at Aspen, Spring Valley and Vail Valley.
“The Holy Cross Energy/Colorado Mountain College solar-plus-storage project is a great example of a win-win renewable project,” said Sam Whelan, HCE’s vice president of power supply. “Not only does the project assist both HCE and CMC toward their renewable and carbon goals, but it also provides us with the flexibility to operate an increasingly renewable portfolio. To top it all off, we’re able to do this in a financially responsible way that saves money for all our members.”
“Our partnership with Colorado Mountain College and Holy Cross Energy on this impressive solar and battery energy storage project that utilizes a unique model of collaboration enables all sides to simultaneously finance the feat and achieve individual sustainability targets,” said Ameresco EVP Louis Maltezos. “This forward-thinking model not only advances Colorado’s renewable energy goals but ushers in a new era of sustainable collaboration for the state.”
To learn more about the renewable energy solutions offered by Ameresco, visit https://www.ameresco.com/solution-solar-power/.
About Ameresco, Inc.
Founded in 2000, Ameresco, Inc. (NYSE:AMRC) is a leading cleantech integrator and renewable energy asset developer, owner and operator. Our comprehensive portfolio includes energy efficiency, infrastructure upgrades, asset sustainability and renewable energy solutions delivered to clients throughout North America and Europe. Ameresco’s sustainability services in support of clients’ pursuit of Net Zero include upgrades to a facility’s energy infrastructure and the development, construction, and operation of distributed energy resources. Ameresco has successfully completed energy saving, environmentally responsible projects with Federal, state and local governments, healthcare and educational institutions, housing authorities, and commercial and industrial customers. With its corporate headquarters in Framingham, MA, Ameresco has more than 1,000 employees providing local expertise in the United States, Canada, and Europe. For more information, visit www.ameresco.com.
About Holy Cross Energy
Founded in 1939, Holy Cross Energy is a not-for-profit rural electric cooperative that provides safe, reliable, affordable, and sustainable energy and services that improve the quality of life for almost 45,000 members and their communities in Western Colorado. We are committed to leading the responsible transition to a clean energy future. For more information on HCE, please visit https://www.holycross.com.
About Colorado Mountain College
Founded in 1965, Colorado Mountain College provides a diverse range of learning opportunities at its 11 campuses and learning locations throughout the state’s north-central mountain region, as well as online. The college offers over 125 certificates and degrees, including bachelor’s degrees, and is accredited by the Higher Learning Commission. From high school students earning college credit, to adults learning English or earning a GED, to students of any age earning certificates or associate and bachelor’s degrees, to local residents passionate about lifelong learning, Colorado Mountain College plays an intrinsic role in the lives and communities it touches. The U.S. Department of Education has ranked Colorado Mountain College among the country’s most affordable public colleges offering bachelor’s degrees. Learn more at: www.coloradomtn.edu.
The announcement of the development of a renewable energy asset by Ameresco is not necessarily indicative of the timing or amount of revenue from such asset, of the company’s overall revenue for any particular period or of trends in the company’s overall total assets in development or operation. This project was included in our previously reported assets in development as of June 30, 2022.
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DUBLIN--(BUSINESS WIRE)--The "Natural Gas Generator Market Size, Share & Trends Analysis Report By Power Rating (Low Power Genset, Medium Power Genset, High Power Genset), By Application (Industrial, Residential, Commercial), By Region, And Segment Forecasts, 2022 - 2030" report has been added to ResearchAndMarkets.com's offering.
The global natural gas generator market size is expected to reach USD 18.67 billion by 2030, expanding at a compound annual growth rate (CAGR) of 11.4% during the forecast period, according to a new report.
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Growing demand for backup power coupled with increasing government regulation to reduce the carbon emission caused by diesel genset is likely to strengthen the growth of the market during the forecast period.
The global electricity demand is anticipated to witness an increase of nearly two-thirds of the current demand during the forecast period. The current availability of natural gas in large quantities and its relatively lower prices, especially in regions, such as North America and Europe, has led to an increase in power generation using natural gas. Increasing focus on electricity generation through cleaner sources and environmental concerns arising from diesel gensets are the factors anticipated to increase the share of natural gas generators set in the coming years.
Conventional gensets, such as diesel gensets, emit harmful gases, including nitrogen oxide, hydrocarbons, and carbon monoxide, due to the combustion of diesel. As a result, different regulatory bodies have imposed strict regulations and thus making it difficult for diesel generators to be used. This has led to the growth of eco-friendly alternatives to diesel gensets, such as natural gas gensets.
Emerging economies in the Asia-Pacific region, such as India, China, Japan, and others, have witnessed strong growth in their commercial sectors. The growth of demand for natural gensets over diesel gensets for backup power applications is owing to the increasingly stringent government regulations to curb greenhouse gas emissions caused by diesel gensets.
Natural Gas Generator Market Report Highlights
Key Topics Covered:
Chapter 1 Methodology & Scope
Chapter 2 Executive Summary
Chapter 3 Market Variables, Trends & Scope
3.1 Market Lineage Outlook
3.1.1 Global Generator Set Market Outlook
3.2 Penetration & Growth Prospect Mapping
3.3 Industry Value Chain Analysis
3.4 Technology Overview
3.5 Regulatory Framework
3.6 Market Dynamics
3.6.1 Market Driver Analysis
3.6.1.1 Reduction in the Prices of Natural Gas
3.6.1.2 Growing Demand for Electric Power Through Clean Energy Sources
3.6.2 Market Restraint Analysis
3.6.2.1 Limited Natural Gas Reserves
3.6.2.2 High Cost of Gas Genset and Presence of Substitutes
3.6.3 Opportunity Assessment
3.7 Business Environment Analysis: Natural Gas Generator Market
3.7.1 Industry Analysis - Porter's
3.7.2 PESTEL Analysis
3.8 Market Entry Strategies
Chapter 4 Global Natural Gas Generator Market: Power Rating Estimates & Trend Analysis
Chapter 5 Global Natural Gas Generator Market: Application Estimates & Trend Analysis
Chapter 6 Global Natural Gas Generator Market: Regional Estimates & Trend Analysis
Chapter 7 Competitive Landscape
7.1 Key Global Players & Recent Developments & Their Impact on the Industry
7.2 Vendor Landscape
7.3 Competitive Landscape
7.4 Strategic Framework
Chapter 8 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/naempk
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Laura Wood, Senior Press Manager
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