NEWCASTLE & HOUSTON--(BUSINESS WIRE)--TechnipFMC (NYSE: FTI) has been awarded a significant⁽¹⁾ engineering, procurement, construction and installation (EPCI) contract by TotalEnergies for its Lapa North East field in the pre-salt Santos Basin offshore Brazil.

TechnipFMC will reconfigure and install umbilicals and flexible pipe in a new configuration that will further secure the production of the field.

Jonathan Landes, President, Subsea, at TechnipFMC, commented: “The Brazilian offshore market is becoming more diverse with regard to work scope and customer opportunity. On Lapa North East, we are working with a valued client with whom we have built a trusted relationship. By offering the flexibility of a phased campaign, we are helping TotalEnergies accelerate its schedule and begin production sooner.”

⁽¹⁾For TechnipFMC, a “significant” contract is between $75 million and $250 million.

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. The words “expect,” “believe,” “estimated,” and other similar expressions are intended to identify forward-looking statements, which are generally not historical in nature. Such forward-looking statements involve significant risks, uncertainties and assumptions that could cause actual results to differ materially from our historical experience and our present expectations or projections. For information regarding known material factors that could cause actual results to differ from projected results, please see our risk factors set forth in our filings with the United States Securities and Exchange Commission, which include our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K. We caution you not to place undue reliance on any forward-looking statements, which speak only as of the date hereof. We undertake no obligation to publicly update or revise any of our forward-looking statements after the date they are made, whether as a result of new information, future events or otherwise, except to the extent required by law.

About TechnipFMC

TechnipFMC is a leading technology provider to the traditional and new energy industries, delivering fully integrated projects, products, and services.

With our proprietary technologies and comprehensive solutions, we are transforming our clients’ project economics, helping them unlock new possibilities to develop energy resources while reducing carbon intensity and supporting their energy transition ambitions.

Organized in two business segments — Subsea and Surface Technologies — we will continue to advance the industry with our pioneering integrated ecosystems (such as iEPCI™, iFEED™ and iComplete™), technology leadership and digital innovation.

Each of our approximately 20,000 employees is driven by a commitment to our clients’ success, and a culture of strong execution, purposeful innovation, and challenging industry conventions.

TechnipFMC uses its website as a channel of distribution of material company information. To learn more about how we are driving change in the industry, go to www.TechnipFMC.com and follow us on Twitter @TechnipFMC.

Investor relations

Matt Seinsheimer
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Media relations

Nicola Cameron
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The company brings transparency and increased safety to the U.S. solar industry with standardized ratings calculated by in-depth data captured through its North American Solar Scan

SANTA MONICA, Calif.--(BUSINESS WIRE)--With the Solar Energy Manufacturing for America Act passed within the Inflation Reduction Act, America’s solar manufacturing sector is set to scale dramatically. To support the forecasted growth of 60 gigawatts (GW) of solar deployed annually from 2025 to 2030 and ensure better oversight of U.S. solar power plants, DroneBase announced the first standardized set of solar asset ratings. As the leading provider of intelligent imagery, DroneBase is expanding its solar scan offering to cover all of North America for this new rating system. By offering a thorough assessment of power loss, module condition and cell temperature, DroneBase presents the solar industry with a new gold standard for evaluating the total condition of solar power plants, marking the industry’s first complete solar asset conditions data set.

“With the solar industry experiencing substantial scaling, industry professionals are looking for a standardized way to evaluate solar asset conditions. Until now, there has been a lack of transparency and visibility into the overall status and condition of assets,” said Mark Culpepper, general manager of global solar solutions at DroneBase. “Thanks to our scanning capabilities, we provide deep and broad data sets and bring a universal understanding on the condition of solar power plants.”

DroneBase’s North American Solar Scan uses a simple three-letter asset rating system, similar to the common investment-grade bond rating system. Each letter represents a specific aspect of a solar site’s overall condition. Conducted via manned aircraft, the North American Solar Scan provides cost-effective and comprehensive thermal and RGB views of solar assets to investors, asset owners, operations and maintenance managers, utility companies, EPC firms and policymakers. Scanned solar plants (1 MW and larger) are automatically assigned three criteria based on aerial photography and thermal scans. Stakeholders can access the data and reports via the DroneBase Solar Insights web platform.

The first letter in the rating represents the operating condition of the site. Thermal sensors detect components that are failing to estimate direct current (DC) losses at the power plant. The second letter in the rating is an indicator of the highest recorded temperature of photovoltaic cells, with separate parameters for roof-mounted and ground-mounted assets. Elevated temperatures may indicate potential safety or liability risks. Finally, the last letter in the rating reflects the condition of the modules used by comparing the number of anomalies per megawatt peak. More anomalies per megawatt generally indicate more potential problems with the modules on the site.

By providing this analysis and the three-letter rating, DroneBase enables stakeholders to see the condition of solar plants across a geographic area, such as a city, state, or the continental U.S. Financiers or owners can use the asset ratings to identify potential assets for acquisition or sale. In contrast, O&M service providers can use the data to highlight the excellent rating of the plants they service. Meanwhile, developers and EPCs will be able to leverage the ratings to provide objective evidence of the quality of their work to existing or prospective customers. Clients seeking Dronebase’s traditional deep-scanning capability, providing detail as specific as cell level visibility into specific component failures, can continue to do so and can even order that within the new updated Insights platform.

Companies, such as DroneBase customer Primergy Solar, that develop, own and operate distributed and utility-scale solar and storage projects, can use the asset rating for various insights to save time and money, through targeted maintenance and preventable downtime.

“Primergy is actively building one of the largest solar + battery projects in the U.S., and DroneBase’s technology is a critical time saver for all involved,” said Adam Larner, chief operating officer of Primergy Solar. “We’re focused on partnering with companies that understand the importance of investing in projects that increase clean power reliability and reduce carbon emissions to create healthier communities and stronger economies. We look forward to continuing to work with DroneBase as they bring additional clarity and insights to the solar industry.”

To date, DroneBase has completed its solar scan for the entire state of California, representing 16 GW of solar plants and 20 percent of large-scale solar-generated power in the U.S. The whole U.S. solar plants market of 1MW or larger — approximately 80GW — will be accessible via the DroneBase Insights platform in the spring of 2023. Customers can subscribe immediately to access all the sites scanned in California.

A preview of the insights provided by the North American Solar Scan will be available via webinar on Thursday, September 15 — registration is free and open to the public. Attendees of the RE+ conference in Anaheim, Calif., will have access to the database of the California scan at the Dronebase booth (#3854) from Tuesday, September 20 to Thursday, September 22, 2022.

ABOUT DRONEBASE

DroneBase is the leading intelligent aerial imaging company for high-value infrastructure, providing businesses with fast, actionable, real-time insights to recover revenue, reduce risk, and improve build quality. Headquartered in Santa Monica, California, DroneBase serves customers in the solar, wind, insurance, construction, real estate and critical infrastructure industries. Trusted by the largest enterprises in the world, DroneBase is active in over 70 countries. Learn more at https://dronebase.com/.

About Primergy Solar

Primergy is a developer, owner and operator focused on both distributed and utility scale solar PV and battery storage projects in North America with portfolios of over 10 GW of solar and battery energy storage projects in development, construction, and operations in 13 different states. Primergy features a diverse and talented team with decades of experience in renewables project development, financing, construction and operations. Primergy is a portfolio company of Quinbrook Infrastructure Partners and represents Quinbrook’s principal solar and solar plus energy storage investment platform in North America.

Technica Communications
Caitlan Caviness
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BATAVIA, N.Y.--(BUSINESS WIRE)--Graham Corporation (NYSE: GHM), a global leader in the design and manufacture of mission critical fluid, power, heat transfer and vacuum technologies for the defense, space, energy and process industries, announced that Daniel J. Thoren, President and Chief Executive Officer and Christopher J. Thome, Vice President - Finance and Chief Financial Officer, will present and be available for investor meetings at the Sidoti & Company Small-Cap Virtual Conference on Thursday, September 22, 2022.

The Graham presentation is scheduled to begin at 8:30 a.m. Eastern Time. A link to the live webcast of the presentation, along with presentation materials, will be available at https://ir.grahamcorp.com. A replay of the webcast will be available for 90 days.

ABOUT GRAHAM CORPORATION

Graham is a global leader in the design and manufacture of mission critical fluid, power, heat transfer and vacuum technologies for the defense, space, energy and process industries. The Graham Manufacturing and Barber-Nichols’ global brands are built upon world-renowned engineering expertise in vacuum and heat transfer, cryogenic pumps and turbomachinery technologies, as well as its responsive and flexible service and the unsurpassed quality customers have come to expect from the Company’s products and systems.

Graham routinely posts news and other important information on its website, www.grahamcorp.com, where additional information on Graham Corporation and its businesses can be found.

Christopher J. Thome
Vice President - Finance and CFO
Phone: (585) 343-2216

Deborah K. Pawlowski
Kei Advisors LLC
Phone: (716) 843-3908
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NEW YORK--(BUSINESS WIRE)--LandGate Corp. is launching its PowerCapital Solutions on the heels of the Inflation Reduction Act, giving capital markets professionals a unique value add with the release of a robust suite of data and SaaS for capital markets: PowerM&A, PowerMarkets, and PowerNAV.

LandGate’s PowerM&A solution consolidates capital markets’ historically fragmented or unobtainable data deals into a renewable energy M&A deals platform. It includes (1) the most complete list of active renewable energy M&A deals, and (2) the largest database of closed M&A deals. Each M&A deal in the database is augmented by advanced research analytics that offer accurate economic valuation reports, sensitivities with pricing, capex, weather catastrophe, as well as Net Asset Values (NAVs) of solar and wind projects or companies. It offers a huge competitive advantage in the private and public capital markets with automated notifications of new deals and customizable target ESG investment criteria.

LandGate’s PowerCapital Solutions also includes PowerNAV, which offers the investment industry a suite of renewable energy’s customizable indices, ESG monitoring and benchmarks for all renewable energy operators in the US. Leveraging LandGate’s market-leading 11 TB of land and energy data mined and conditioned from over 200 different sources, PowerNAV features benchmarks, performance indicators, and NAVs for every public and private renewable energy operator in the United States. Capital market professionals can compare companies and renewable investment opportunities in minutes, or anticipate and model geopolitical and supply/demand sensitivities. Users benefit from the most accurate pricing including PPA, incentives, futures, as well as using the most comprehensive operators’ assets featuring their farms that are active, under construction, planned, and in the interconnection queue.

PowerMarkets provides the most advanced analytics yet for renewable energy markets. Capital markets professionals can analyze historical and forecasted electricity prices (LMP, PPA, Incentives, Retail, Hub) or market trends of load, available capacity, electricity generation, and cash flows.

The PowerCapital solutions from LandGate are designed to enhance the workflow of professionals at hedge funds, infrastructure funds, private equity firms, banks and insurance companies. The platform helps users assess the performance of large energy and resource asset portfolios’ key project information — including historical and forecasted production, capacity, cash flow, and NAVs. PowerM&A, PowerNAV, and PowerMarkets enable professionals to analyze renewable energy projects with the most advanced analytics to make informed acquisitions, divestitures and other investment decisions, and conduct risk analysis on projects based on energy prices, weather catastrophe and other factors.

“With ESG mandates proliferating and solar and wind generation increasing at breakneck speed, renewable investment has become imperative for energy investors. But a comprehensive analysis of an energy project, electricity prices, or renewable energy operator’s stock can take several months of man hours to compile,” said LandGate CEO Yoann Hispa. “With the PowerCapital suite, we’re automating the vast majority of this work for the investment community. Capital markets professionals access over 2 TB of conditioned data and 9 TB of analytics from more than 200 financial, energy and land data sources. They now have the data and tools to make better and faster investment decisions in renewable energy M&As, stock, bonds, option investments and more.”

The launch of PowerCapital solutions builds upon LandGate’s growth in the first half of 2022. In June, the company released PowerTools Solutions, a collection of four new and upgraded products that enable energy developers to better analyze and transact on land. Coming soon is PowerRealty Solutions, which will revolutionize the real estate industry and position LandGate as the central hub for any land deal in the US.

About LandGate

LandGate is the leading provider of data solutions and an online marketplace for US commercial land and its resources: solar, wind, carbon, minerals, and water. The company helps investors, developers, real estate agents, and landowners understand energy & environmental resource values and connect on its online marketplace for land-related transactions.

LandGate enables energy and carbon professionals to run economic engineering studies in minutes, access land leads and MLS listings, and manage their leads in a land CRM web app connecting their team. Real estate agents now have the opportunity to earn commission on energy and carbon deals, connecting landowners to developers and institutional investors. LandGate applies its technology to provide the most advanced analytics for renewable energy M&A deals, market & price trends, operators’ benchmark and performance indicators.

Founded in 2016 in Denver, Colorado, LandGate received Series A funding in 2019 from Rice Investment Group, a widely-respected energy technology investor, and Series B funding in 2022 from Nextera Energy, the world’s largest generator of renewable energy, and from Kimmeridge, a leading carbon solutions private equity firm. LandGate has partnered with the Realtors Land Institute (RLI), the American Association of Professional Landmen (AAPL), and the Texas Engineering Executive Education (TxEEE) from the University of Texas at Austin. For more information visit www.landgate.com.

Media:
James Mahoney
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Generate energy, reduce power loss, and simplify systems’ wiring harnesses by easily inserting a cartridge valve into your hydraulic manifold!

SARASOTA, Fla.--(BUSINESS WIRE)--Helios Technologies, Inc. (NYSE: HLIO) (“Helios” or the “Company”) a global leader in highly engineered motion control and electronic controls technology for diverse end markets, introduces ENERGEN™, the unique cartridge valve that converts hydraulic flow into electric energy. Launched by Sun Hydraulics (“Sun”) a Helios company within the Hydraulics segment, ENERGEN™ is a new product in the recently announced ecoline™ program and a direct result of a longstanding focus on quality, performance and innovation.

Josef Matosevic, the Company’s President and Chief Executive Officer, commented, “We are delivering innovation by capitalizing on our expertise in hydraulics and electronics to create one-of-a-kind solutions that will drive change throughout the markets we serve. ENERGEN™ is a unique solution that creates electrical power by capturing wasted energy from hydraulic fluid flow which can then be used to support the growing number of electrical applications required in mobile equipment. Electrification creates more need for power – Helios is creating ways to meet that need.”

The rising costs of fuel, increasing use of electrification, and introduction of battery-powered electric vehicles are increasing the importance of electrical power management. Sun Hydraulics’ ENERGEN™ solution is a timely direct response to what the market wants.

Starting with the understanding of the increasing requirement for electric power and the issue of parasitic energy loss in hydraulics, Sun created this innovative check valve solution in record time. The energy regeneration capability of the ENERGEN™ cartridge valve is attributed to an integrated generator that converts otherwise lost power into usable energy. This energy can be re-directed to control electronics such as solenoid valves and sensors or to charge a battery within an application’s system. The highly engineered generator within a cartridge valve produces supplemental electrical power in situations where increasing demands of electrification have made some electrical power sources insufficient. Equally as important, ENERGEN™ provides energy where manufacturers have traditionally not been able to run an electrical harness, unlocking functionality that was previously not possible.

About Sun Hydraulics

Founded in 1970, Sun Hydraulics is a leading designer and manufacturer of high-performance screw-in hydraulic cartridge valves and manifolds that control force, speed, and motion as integral components in fluid power systems. As a global operating company, Sun Hydraulics has continually enhanced its manufacturing capabilities and technological advancements, all while prioritizing the accustomed quality that customers around the world have come to expect. For more information please visit: www.sunhydraulics.com

About Helios Technologies

Helios Technologies is a global leader in highly engineered motion control and electronic controls technology for diverse end markets, including construction, material handling, agriculture, energy, recreational vehicles, marine and health and wellness. Helios sells its products to customers in over 90 countries around the world. Its strategy for growth is to be the leading provider in niche markets, with premier products and solutions through innovative product development and acquisition. The Company has paid a cash dividend to its shareholders every quarter since becoming a public company in 1997. For more information please visit: www.heliostechnologies.com.

Product/Solutions:
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Investor and Media:
Tania Almond
Vice President of Investor Relations, Corporate Communication and Risk Management
(941) 362-1333
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Deborah Pawlowski
Kei Advisors LLC
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• Progressed construction at the Rochester Hub; on track to commence commissioning in stages in calendar 2023;
  

• Completed Arizona Spoke optimization projects, with Spoke now nearing target throughput; extended the same improvements to the Alabama Spoke, with production expected to start towards the end of the fourth quarter;
  

• Secured strategic sites for Norway and Germany Spokes, with equipment fabrication underway;
  

• Updated FY2022 black mass production target to 3,500 to 3,800 tonnes, reflecting moderate delay in timing to enable Spoke optimization projects; and
  

• Funded sufficiently for the current project pipeline with $649.0 million cash on hand as of July 31, 2022.

TORONTO--(BUSINESS WIRE)--Li-Cycle Holdings Corp. (NYSE: LICY) ("Li-Cycle" or the “Company"), an industry leader in lithium-ion battery resource recovery and the leading lithium-ion battery recycler in North America, today announced financial results for its third quarter ended July 31, 2022. Revenue from product sales and recycling services were $5.4 million, an increase from $1.3 million in the third quarter of 2021. Total revenues were $(2.0) million, which included an unfavorable non-cash fair market value (FMV) pricing adjustment of $(7.3) million relating to prior-period black mass sales. In the third quarter of 2021, total revenue was $1.7 million, which included a FMV benefit of $0.4 million.

“During the quarter, we continued to advance development at our Rochester Hub, which is on track to start commissioning in stages in 2023. We also took deliberate steps to optimize operations at our new Spoke facilities in Arizona and Alabama, which are the first of their kind to process entire EV and stationary energy storage battery packs without the need for dismantling. In order to make these improvements, we temporarily slowed the pace of operations at our Arizona Spoke and we moderately postponed the start-up of operations at our Alabama Spoke. This has pushed out achievement of our FY2022 production target for those operations by one to two quarters and resulted in lower black mass production during the third quarter than originally planned,” said Ajay Kochhar, Li-Cycle President and Chief Executive Officer.

“Since the completion of these optimization projects, the Arizona Spoke is now nearing target throughput and has been demonstrating higher recovery yields in black mass. We are leveraging the process improvements and key lessons learned from the Arizona Spoke, not only for the Alabama Spoke, but also for our future Spoke locations in Norway and Germany."

"We continue to see robust battery supply from our global customers and are making strides in strategically advancing our Spoke & Hub network to align with their growing needs. The recent enactment of the Inflation Reduction Act in the U.S. is yet another meaningful tailwind for our Spoke & Hub business model,” added Kochhar. “Li-Cycle, underpinned by a growing portfolio of commercial partnerships, is competitively positioned to be a leading and preferred recycler and domestic supplier of critical battery materials in North America and Europe."

Third Quarter Financial Results Ended July 31, 2022

Revenues from product sales and recycling services of $5.4 million increased from $1.3 million in the third quarter of 2021. Total revenues of $(2.0) million included an unfavorable non-cash FMV pricing adjustment of $(7.3) million, relating to prior-period sales of black mass. This adjustment was the direct result of declines in nickel and cobalt prices of greater than 30% and 35%, respectively, during the quarter. Total revenues of $1.7 million in the third quarter of 2021 included a FMV benefit of $0.4 million.

Operating expenses were $32.5 million versus $7.9 million in the third quarter of 2021, reflecting the ongoing expansion of operations in North America and the early build out of the Spoke network in Europe. Personnel costs were up related to the addition of operational, corporate, commercial, and engineering personnel to support these growth efforts. The Company also incurred higher professional fees, administrative costs, and non-cash share-based compensation related to its expanding footprint and required services as a public company. In addition, the increase in raw materials and supplies was primarily driven by higher sales volumes from the Spoke operations.

Net loss for the quarter was approximately $27.5 million, compared to a net loss of approximately $6.9 million in the third quarter 2021. This loss for the current quarter included $8.6 million of fair value gains on financial instruments.

Adjusted EBITDA¹ loss for the quarter was $31.6 million, compared to $5.3 million in the third quarter 2021. This was largely driven by higher operating expenses described above, which was directly related to the growth and expansion of the Company's Spoke & Hub network. Adjusted EBITDA was also unfavorably impacted by a non-cash FMV pricing adjustment of $(7.3) million, versus an FMV gain of $0.4 million in the third quarter 2021. Additionally, non-cash stock-based compensation increased to $4.0 million, from $0.3 million in the third quarter 2021.

Balance Sheet Position

Li-Cycle ended its third quarter with $649.0 million cash on hand. The Company enhanced its balance sheet during the quarter with $50 million in investment proceeds from LG Chem Ltd. and LG Energy Solution, Ltd. and $200 million in convertible debt from Glencore Ltd., as previously announced. Li-Cycle has sufficient liquidity for its capital and operating needs to fund the current pipeline of projects in development.

During the quarter, the Company invested $82.1 million, with the majority of the capital allocated to securing equipment for the continued development and construction of the Rochester Hub, in addition to the Company’s incremental Spokes in North America and Europe.

In addition, the Company continues to evaluate multiple capital sources, including but not limited to debt-based financing alternatives, such as traditional corporate debt, project financing, government-related funding, and funding from potential strategic partners to further strengthen its balance sheet, optimize its capital structure and provide additional financial flexibility for its next phase of growth.

Webcast and Conference Call Information

Company management will host a webcast and conference call on Wednesday, September 14, 2022, at 8:30 a.m. Eastern Time. The related presentation materials for the webcast and conference call will be made available on the investor section of the Li-Cycle website: https://investors.li-cycle.com/overview/default.aspx

Investors may listen to the conference call live via audio-only webcast or through the following dial-in numbers:

Domestic: (800) 579-2543
International: (203) 518-9783
Participant Code: LICYQ322
Webcast: https://investors.li-cycle.com

A replay of the conference call/webcast will also be made available on the Investor Relations section of the Company’s website at https://investors.li-cycle.com.

About Li-Cycle Holdings Corp.

Li-Cycle (NYSE: LICY) is on a mission to leverage its innovative Spoke & Hub Technologies™ to provide a customer-centric, end-of-life solution for lithium-ion batteries, while creating a secondary supply of critical battery materials. Lithium-ion rechargeable batteries are increasingly powering our world in automotive, energy storage, consumer electronics, and other industrial and household applications. The world needs improved technology and supply chain innovations to better manage battery manufacturing waste and end-of-life batteries and to meet the rapidly growing demand for critical and scarce battery-grade raw materials through a closed-loop solution. For more information, visit https://li-cycle.com/.

Non-IFRS Financial Measures

Adjusted EBITDA (loss)
The table below reconciles Adjusted EBITDA (loss) to net profit (loss):

Li-Cycle reports its financial results in accordance with the International Financial Reporting Standards (“IFRS”). The Company makes references to certain non-IFRS measures, including Adjusted EBITDA. These measures are not recognized measures under IFRS, do not have a standardized meaning prescribed by IFRS and are therefore unlikely to be comparable to similar measures presented by other companies. Rather, these measures are provided as additional information to complement those IFRS measures by providing a further understanding of the Company’s results of operations from management’s perspective. Accordingly, they should not be considered in isolation nor as a substitute for the analysis of the Company’s financial information reported under IFRS. Li-Cycle defines Adjusted EBITDA as earnings before depreciation and amortization, interest expense (income), income tax expense (recovery), foreign exchange (gain) loss, fair value (gain) loss on financial instruments, and non-recurring expenses such as forfeited SPAC transaction cost, and listing fee related to the business combination that resulted in Li-Cycle becoming a public company.

Forward-Looking Statements

Certain statements contained in this press release may be considered “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, Section 27A of the U.S. Securities Act of 1933, as amended, Section 21 of the U.S. Securities Exchange Act of 1934, as amended, and applicable Canadian securities laws. Forward-looking statements may generally be identified by the use of words such as “believe”, “may”, “will”, “continue”, “anticipate”, “intend”, “expect”, “should”, “would”, “could”, “plan”, “potential”, “future”, “target” or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters, although not all forward-looking statements contain such identifying words. Forward-looking statements in this press release include but are not limited to statements about: the timing of the start of commissioning in stages of the Rochester Hub; the timing of the start of operations at the Alabama Spoke; the achievement of target throughput levels and recovery yields in black mass; the sufficiency of our current liquidity for capital and operating needs to fund our current pipeline of projects in development; our black mass production target of 3,500 to 3,800 tonnes during fiscal year 2022; and the timing of achievement of target throughput rates for our Arizona and Alabama Spoke operations. These statements are based on various assumptions, whether or not identified in this communication, which Li-Cycle believe are reasonable in the circumstances. There can be no assurance that such estimates or assumptions will prove to be correct and, as a result, actual results or events may differ materially from expectations expressed in or implied by the forward-looking statements.

These forward-looking statements are provided for the purpose of assisting readers in understanding certain key elements of Li-Cycle’s current objectives, goals, targets, strategic priorities, expectations and plans, and in obtaining a better understanding of Li-Cycle’s business and anticipated operating environment. Readers are cautioned that such information may not be appropriate for other purposes and is not intended to serve as, and must not be relied on, by any investor as a guarantee, an assurance, a prediction or a definitive statement of fact or probability.

Forward-looking statements involve inherent risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of Li-Cycle, and are not guarantees of future performance. Li-Cycle believes that these risks and uncertainties include, but are not limited to, the following: Li-Cycle’s inability to economically and efficiently source, recover and recycle lithium-ion batteries and lithium-ion battery manufacturing scrap, as well as third party black mass, and to meet the market demand for an environmentally sound, closed-loop solution for manufacturing waste and end-of-life lithium-ion batteries; Li-Cycle’s inability to successfully implement its global growth strategy, on a timely basis or at all; Li-Cycle’s inability to manage future global growth effectively; Li-Cycle’s inability to develop the Rochester Hub, Arizona Spoke, Alabama Spoke and other future projects including its Ohio, Norway and Germany Spoke projects in a timely manner or on budget or that those projects will not meet expectations with respect to their productivity or the specifications of their end products; Li-Cycle’s failure to materially increase recycling capacity and efficiency; Li-Cycle may engage in strategic transactions, including acquisitions, that could disrupt its business, cause dilution to its shareholders, reduce its financial resources, result in incurrence of debt, or prove not to be successful; one or more of Li-Cycle’s current or future facilities becoming inoperative, capacity constrained or if its operations are disrupted; additional funds required to meet Li-Cycle’s capital requirements in the future not being available to Li-Cycle on commercially reasonable terms or at all when it needs them; Li-Cycle expects to incur significant expenses and may not achieve or sustain profitability; problems with the handling of lithium-ion battery cells that result in less usage of lithium-ion batteries or affect Li-Cycle’s operations; Li-Cycle’s inability to maintain and increase feedstock supply commitments as well as securing new customers and off-take agreements; a decline in the adoption rate of EVs, or a decline in the support by governments for “green” energy technologies; decreases in benchmark prices for the metals contained in Li-Cycle’s products; changes in the volume or composition of feedstock materials processed at Li-Cycle’s facilities; the development of an alternative chemical make-up of lithium-ion batteries or battery alternatives; Li-Cycle’s revenues for the Rochester Hub are derived significantly from a single customer; Li-Cycle’s insurance may not cover all liabilities and damages; Li-Cycle’s heavy reliance on the experience and expertise of its management; Li-Cycle’s reliance on third-party consultants for its regulatory compliance; Li-Cycle’s inability to complete its recycling processes as quickly as customers may require; Li-Cycle’s inability to compete successfully; increases in income tax rates, changes in income tax laws or disagreements with tax authorities; significant variance in Li-Cycle’s operating and financial results from period to period due to fluctuations in its operating costs and other factors; fluctuations in foreign currency exchange rates which could result in declines in reported sales and net earnings; unfavourable economic conditions, such as consequences of the global COVID-19 pandemic; natural disasters, unusually adverse weather, epidemic or pandemic outbreaks, cyber incidents, boycotts and geo-political events; failure to protect or enforce Li-Cycle’s intellectual property; Li-Cycle may be subject to intellectual property rights claims by third parties; Li-Cycle’s failure to effectively remediate the material weaknesses in its internal control over financial reporting that it has identified or if it fails to develop and maintain a proper and effective internal control over financial reporting. These and other risks and uncertainties related to Li-Cycle’s business are described in greater detail in the section entitled "Risk Factors" and “Key Factors Affecting Li-Cycle’s Performance” in its Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission and the Ontario Securities Commission in Canada on January 31, 2022. Because of these risks, uncertainties and assumptions, readers should not place undue reliance on these forward-looking statements. Actual results could differ materially from those contained in any forward-looking statement.

Li-Cycle assumes no obligation to update or revise any forward-looking statements, except as required by applicable laws. These forward-looking statements should not be relied upon as representing Li-Cycle’s assessments as of any date subsequent to the date of this press release.

Nahla Azmy
Sheldon D'souza
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Louie Diaz
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VANCOUVER, British Columbia--(BUSINESS WIRE)--$EVGIF #EVERGEN--EverGen Infrastructure Corp. (TSXV:EVGN)(OTCQX: EVGIF) (“EverGen”, or the “Company”), Canada’s Renewable Natural Gas (“RNG”) Infrastructure Platform, is pleased to announce that the Company’s common shares begin trading on the OTCQX^® Best Market (“OTCQX”) in the United States under the symbol “EVGIF” as of the opening of the market on September 15, 2022. EverGen upgraded to OTCQX from the OTCQB^® Venture Market.

“During this milestone rich quarter for EverGen, we are pleased to provide increased access & liquidity for investors in the US who seek to participate in the energy transition,” said Chase Edgelow, CEO of EverGen. “An upgrade to the OTCQX in the United States is a natural progression for EverGen allowing us to introduce our RNG infrastructure platform to a broader audience as we continue to execute on our growth plans with clear visibility to deliver over 1 million gigajoules of RNG annually.”

The OTCQX, operated by OTC Markets Group Inc., is recognized by the United States Securities and Exchange Commission as an established market providing companies the opportunity to build visibility, expand liquidity and diversify their shareholder base on an established public market. The OTCQX provides investors who cannot access trading on the TSX Venture Exchange with an alternative access to EverGen’s common shares though regulated US broker-dealers. US investors can find current financial disclosure and Real-Time Level 2 quotes for the Company at www.otcmarkets.com.

About EverGen Infrastructure Corp.
EverGen, Canada’s Renewable Natural Gas Infrastructure Platform, is combating climate change and helping communities contribute to a sustainable future. Headquartered on the West Coast of Canada, EverGen is an established independent renewable energy producer which acquires, develops, builds, owns and operates a portfolio of Renewable Natural Gas, waste to energy, and related infrastructure projects. EverGen is focused on Canada, with continued growth expected across other regions in North America and beyond.

For more information about EverGen Infrastructure Corp. and our projects, please visit www.evergeninfra.com.

EverGen Investors
Kelly Castledine
416-576-8158
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EverGen Media
Katie Reiach
604-614-5283
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Investment to Advance Phase-One Development of Company’s Well-Positioned, Sustainable North American Lithium Brine Resource

Partnership Creates Opportunity for Execution Synergies to Drive Value Creation Across the Entire Compass Minerals Platform

OVERLAND PARK, Kan.--(BUSINESS WIRE)--Compass Minerals (NYSE: CMP), a leading global provider of essential minerals, today announced that Koch Minerals & Trading, LLC (KM&T), a diverse global trading, logistics and investment company and subsidiary of Koch Industries, Inc. (KII), has agreed to make a $252 million investment in Compass Minerals through the purchase of Compass Minerals common stock to support phase-one development of its previously identified 2.4 mMT lithium carbonate equivalent (LCE) Great Salt Lake resource and debt reduction.

“We are pleased to welcome KM&T as our investment partner and look forward to leveraging their deep expertise and proven track record of building value,” said Kevin S. Crutchfield, president and CEO. “Securing funding to aggressively pursue phase one of our lithium growth opportunity has been an important focus for our management team. This strategic investment will help drive our lithium project forward, strengthen our balance sheet and enhance execution capabilities across our entire platform.”

Approximately $200 million of the proceeds from the investment are expected to be used to advance the first phase of the company’s sustainable lithium development project. This figure represents approximately 75% of total phase-one funding needs, according to the company’s FEL-1 level project cost estimates, including the full funding required through calendar year 2024 toward the construction of a commercial scale, direct lithium extraction (DLE) and lithium conversion plant at the company’s Ogden, Utah, solar evaporation facility. Compass Minerals expects the project’s annual commercial production capacity to ultimately be approximately 35 kMT LCE, with an initial phase-one capacity of approximately 11 kMT LCE coming online by 2025.

As part of the agreement, the companies will also explore value creation opportunities across Compass Minerals’ broader operational platform by leveraging the expansive capabilities of KII’s many operating subsidiaries, including in the areas of supply and procurement of fuel and raw materials, freight and logistics synergies, and project engineering and development support.

“Koch Minerals & Trading is excited to partner with fellow Kansas-based company, Compass Minerals, a leading producer of salt, fertilizers and other essential products and materials. We admire Compass Minerals for its values and its vision to produce products that help keep people safe, feed the world and enrich lives. KM&T seeks partners like Compass Minerals to apply its bulk commodity capabilities to create greater value for customers, communities and shareholders. KM&T will also be working closely with Compass Minerals and other Koch companies to unlock a significant lithium resource at Compass Minerals’ Great Salt Lake facility and become one of the first major U.S.-based lithium producers,” said Jon Chisholm, KM&T Vice President.

Compass Minerals expects to use the remaining $52 million of proceeds from the KM&T investment, less transaction expenses, to reduce debt, representing a significant step toward aligning the company’s capital structure with its corporate growth strategy.

Key Transaction Terms

Under the terms of the investment agreement, KM&T has agreed to purchase 6,830,700 shares of Compass Minerals common stock at a price of $36.87 per share, resulting in proceeds to Compass Minerals of $252 million. The issuance price represents a 6.2% discount to the closing price and an 8.0% discount to the 5-day volume weighted average price as of Sept. 13, 2022. The private placement of shares is subject to the satisfaction of customary closing conditions, including the expiration or termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 review. The private placement of shares is expected to close in the fourth quarter of calendar year 2022, subject to the satisfaction of customary closing conditions.

After the transaction closes, KM&T will own approximately 17% of Compass Minerals’ outstanding shares of common stock and will have the ability to appoint two additional members to the Compass Minerals board of directors.

Perella Weinberg Partners LP acted as sole financial advisor to Compass Minerals in the transaction and Cleary Gottlieb Steen & Hamilton LLP acted as the company’s legal advisor. Jones Day acted as legal advisor for KM&T.

Lithium Strategy Update Call

As previously announced, an informational call will be held Thursday, Sept. 15, 2022, from 8:30 a.m. to 10:00 a.m. ET to provide an update on the results of the company’s ongoing evaluation of development options and strategic path forward to maximize the long-term value of its lithium resource. Participants from Compass Minerals will include: president and CEO, Kevin Crutchfield; head of lithium, Chris Yandell; senior vice president, lithium commercial and technology, Ryan Bartlett; and CFO, Lorin Crenshaw.

Access to the conference call will be available via webcast at investors.compassminerals.com or by dialing 1-888-550-5768. Callers must provide the conference ID number 3632674. Outside of the U.S. and Canada, callers may dial 1-646-960-0469. An audio replay of the conference call will be available on the company’s website.

About Compass Minerals
Compass Minerals (NYSE: CMP) is a leading global provider of essential minerals focused on safely delivering where and when it matters to help solve nature’s challenges for customers and communities. The company’s salt products help keep roadways safe during winter weather and are used in numerous other consumer, industrial, chemical and agricultural applications. Its plant nutrition products help improve the quality and yield of crops, while supporting sustainable agriculture. Additionally, the company is pursuing development of a sustainable lithium brine resource to support the North American battery market and is a minority owner of Fortress North America, a next-generation fire retardant company. Compass Minerals operates 12 production and packaging facilities with nearly 2,000 employees throughout the U.S., Canada and the U.K. Visit compassminerals.com for more information about the company and its products.

About Koch Industries
Based in Wichita, Kansas, Koch Industries, Inc. is one of the largest private companies in America, with estimated annual revenues that have exceeded $125 billion. It owns a diverse group of companies involved in industrial manufacturing, agriculture, building materials, glass, automotive components, refining, renewable energy, chemicals and polymers, pulp and paper, packaging, consumer products, electronics, enterprise software, data analytics, medical products, engineered technology, project services, recycling, supply chain and logistics, global commodities trading, and investments. Since 2003, Koch companies have invested nearly $150 billion in growth and improvements. With a presence in more than 70 countries, Koch companies employ more than 120,000 people worldwide, with about half of those in the United States. For more news and information, visit www.KOCHind.com.

Koch Minerals & Trading, LLC, a subsidiary of KII, is a diverse global trading, logistics, and investment company with over 500 employees and 1,000 customers in more than 50 countries. KM&T has significant industry knowledge and experience in stewarding businesses toward long-term value creation.

Forward Looking Statements and Other Disclaimers

This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, without limitation, statements about the company's lithium brine development project; the KM&T investment; synergies between the company and KM&T; ability to leverage KM&T expertise and build value, progress the lithium project, strengthen the balance sheet and enhance execution capabilities; use of investment proceeds; project funding needs; construction of a DLE plant; eventual LCE production capacity; value creation opportunities; and whether, when and on what terms the KM&T investment may be consummated. Forward-looking statements are those that predict or describe future events or trends and that do not relate solely to historical matters. We use words such as “may,” “would,” “could,” “should,” “will,” “likely,” “expect,” “anticipate,” “believe,” “intend,” “plan,” “forecast,” “outlook,” “project,” “estimate” and similar expressions suggesting future outcomes or events to identify forward-looking statements or forward-looking information. These statements are based on the company’s current expectations and involve risks and uncertainties that could cause the company’s actual results to differ materially. The differences could be caused by a number of factors, including without limitation (i) weather conditions, (ii) inflation, the cost and availability of transportation for the distribution of the company’s products and foreign exchange rates, (iii) pressure on prices and impact from competitive products, (iv) any inability by the company to successfully implement its strategic priorities or its cost-saving or enterprise optimization initiatives, (v) the risk that the company may not realize the expected financial or other benefits from the proposed development of its lithium mineral resource or its investment in Fortress North America, and (vi) impacts of the COVID-19 pandemic. For further information on these and other risks and uncertainties that may affect the company’s business, see the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of the company’s Transition Report on Form 10-KT for the transition period ended Sept. 30, 2021 and its Quarterly Reports on Form 10-Q for the quarters ended Dec. 31, 2021, March 31, 2022 and June 30, 2022 filed with the SEC, as well as the company's other SEC filings. The company undertakes no obligation to update any forward-looking statements made in this press release to reflect future events or developments, except as required by law. Because it is not possible to predict or identify all such factors, this list cannot be considered a complete set of all potential risks or uncertainties.

The company has completed an initial assessment to define the lithium resource at Compass Minerals’ existing operations in accordance with applicable SEC regulations, including Subpart 1300. Pursuant to Subpart 1300, mineral resources are not mineral reserves and do not have demonstrated economic viability. The company’s mineral resource estimates, including estimates of the lithium resource, are based on many factors, including assumptions regarding extraction rates and duration of mining operations, and the quality of in-place resources. For example, the process technology for commercial extraction of lithium from brines with low lithium and high impurity (primarily magnesium) is still developing. Accordingly, there is no certainty that all or any part of the lithium mineral resource identified by the company’s initial assessment will be converted into an economically extractable mineral reserve.

Media Contact
Rick Axthelm
Chief Public Affairs and Sustainability Officer
+1.913.344.9198
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Investor Contact
Valerie Tymosko
Interim Senior Director of Investor Relations
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LOS ANGELES--(BUSINESS WIRE)--Today the United States Department of Agriculture (USDA) announced Global Clean Energy Holdings, Inc. (OTCQB:GCEH) was selected for participation in the Partnerships for Climate-Smart Commodities grant program. The company was awarded up to $30 million for a pilot project to measure and validate the advantages of camelina as an ultra-low carbon renewable fuel feedstock. Altogether the program received over 450 applications for this initial funding pool.

“Being selected for this grant signals that the advantages of camelina as a low carbon feedstock are undeniable,” Chief Executive Officer of Global Clean Energy Richard Palmer said. “Camelina is a nonfood crop grown on fallow land between traditional crop cycles so as not to contribute to land use change, while producing ultra-low carbon renewable fuels that act as a drop-in replacement for their petroleum-based alternatives. This funding from the USDA will help us accelerate farmer adoption of camelina, which will improve soil conditions on existing farmland and help reduce the negative impacts of climate change.”

The USDA’s cost-share grant is aimed at reducing American agriculture’s carbon footprint. According to the USDA’s announcement, Global Clean Energy’s Climate-Smart Camelina pilot project will “accelerate farmer adoption of camelina as a nonfood crop grown on idle acres to produce more plant-based feedstock for renewable biofuels and chemicals with low carbon intensity and no land-use change while increasing carbon capture in the soil.”

Global Clean Energy owns the world’s largest camelina patent and intellectual property portfolio. Their wholly owned subsidiary, Sustainable Oils, Inc., contracts directly with farmers to grow camelina in key regions of the U.S. including Idaho, Colorado, Kansas, Montana, Oregon, and Washington. Camelina grain is grown for use as the source for Global Clean Energy’s ultra-low carbon renewable fuels produced from their Bakersfield Renewable Fuels refinery in California.

The USDA Climate-Smart Commodities announcement can be accessed here.

ABOUT GLOBAL CLEAN ENERGY

Global Clean Energy Holdings, Inc. (OTCQB:GCEH) is a vertically integrated renewable fuels business that is focused on reducing carbon emissions sustainably through proprietary nonfood camelina varieties – delivering among the lowest carbon intensity renewable fuel in the marketplace. Global Clean Energy’s strategy since inception has been to control the full integration of the renewable fuels supply chain from science to seed and farm to fuel. They aim to operate the development, production, processing, and transportation of feedstocks, to the refining and production of renewable fuels. Global Clean Energy processes their proprietary nonfood camelina feedstock in our Bakersfield, California renewable fuels refinery, yielding a renewable diesel that is chemically identical to petroleum diesel, but with 80+ percent lower carbon emissions. Global Clean Energy’s proprietary camelina varieties are the only nonfood renewable feedstock on the market certified for both the U.S. EPA’s Renewable Fuel Standard and California’s Low Carbon Fuel Standard. More information can be found at www.gceholdings.com.

Forward Looking Statements

All statements in this communication other than statements of historical fact are “forward-looking statements” for purposes of federal and state securities laws, including any statements of the plans, strategies and objectives for future operations, profitability, strategic value creation, risk profile and investment strategies, and any statements regarding future economic conditions or performance, and the expected financial and operational results of Global Clean Energy Holdings, Inc. Although we believe the expectations reflected in our forward-looking statements are reasonable, actual results could differ materially from those projected or assumed in any of our forward-looking statements. Important factors that could cause our actual results, performance and achievements, or industry results to differ materially from estimates or projections contained in our forward-looking statements include, but are not limited to, the following: our ability to complete and effectively produce renewable diesel at our renewable fuels refinery, and once operational, producing fuel at the expected rate and cost as anticipated; ensuring adequate supply of camelina or other comparable feedstock; successfully supplying our refinery with camelina or similar feedstock and converting it into renewable fuels; being able to store and transport feedstock and downstream renewable fuels; obtaining and maintaining regulatory approvals and certifications for our renewable fuels to ensure compliance in local and global markets; continued demand and growth for renewable fuels; the ability to produce renewable diesel that is completely fungible with petroleum-based diesel; expanding the capabilities of our refinery site to maximize profitability; our ability to comply with the terms of our credit facilities and production agreements; successfully integrating acquired companies and expanding operations overseas in parallel with our US-based operations; managing all aspects of a complex vertically integrated supply and production strategy, and overcoming circumstances that often are out of our control such as weather, transportation, production delays and ultimately, ultimate demand for our product; as well as other additional risks and factors that could cause actual results to differ materially from our forward-looking statements set forth in our reports filed with the Securities and Exchange Commission. Any forward-looking statements are made as of the date hereof. We do not intend, and undertake no obligation, to update any forward-looking statement.

Important factors that could cause actual results, developments and business decisions to differ materially from forward-looking statements are described in the sections titled “Risk Factors” in our filings with the Securities and Exchange Commission, including our most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K.

Amanda Parsons DeRosier
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562-233-5146

DALLAS--(BUSINESS WIRE)--AECOM (NYSE: ACM), the world’s trusted infrastructure consulting firm, today announced that its Board of Directors has declared a quarterly cash dividend of $0.15 per share as part of its ongoing quarterly dividend program. The dividend is payable on October 21, 2022 to stockholders of record as of the close of business on October 5, 2022.

About AECOM

AECOM (NYSE: ACM) is the world’s trusted infrastructure consulting firm, delivering professional services throughout the project lifecycle – from planning, design and engineering to program and construction management. On projects spanning transportation, buildings, water, new energy, and the environment, our public- and private-sector clients trust us to solve their most complex challenges. Our teams are driven by a common purpose to deliver a better world through our unrivaled technical expertise and innovation, a culture of equity, diversity and inclusion, and a commitment to environmental, social and governance priorities. AECOM is a Fortune 500 firm and its Professional Services business had revenue of $13.3 billion in fiscal year 2021. See how we are delivering sustainable legacies for generations to come at aecom.com and @AECOM.

Media:
Brendan Ranson-Walsh
Senior Vice President, Global Communications
1.213.996.2367
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Investors:
Will Gabrielski
Senior Vice President, Finance, Treasurer
1.213.593.8208
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NEW YORK & AUSTIN, Texas & NEW DELHI & REYKJAVIK, Iceland--(BUSINESS WIRE)--#coalgasification--Icelandic environmental technology company Carbon Recycling International (CRI) and Dastur Energy Pvt Ltd, the Indian subsidiary of US based Dastur Energy and a part of the Dastur group of companies, have signed an important partnership agreement for marketing, business development, technology licensing, design and engineering of CO2 to Methanol projects based on CRI’s ETL technology in India.

Carbon Recycling International (CRI) has for the past 15 years established a unique position as a pioneer in the utilization of global carbon dioxide emissions. The company's ETL technology is based on the conversion of carbon dioxide released by industry into methanol, which replaces petroleum raw materials and has a muchlower environmental impact.

Dastur is a leading international consulting engineering firm founded in 1955 focusing on the metals, mining, infrastructure and the energy industry. Its headquarters are in Kolkata, India, with offices around the world. Dastur Energy, specializes in clean energy and energy infrastructure projects and is India's leading organization in the field of carbon capture, and industrial decarbonization.

India's methanol sales are growing rapidly and are now around 2.5 million tonnes annually. The size of the market is expected to reach more than 7.5 million tonnes per year within 10 years. The Indian government supports the increased use of methanol as fuel with the aim of reducing air pollution and greenhouse gas emissions and increasing the share of domestic energy sources in the economy.

"Economically viable methods for utilizing carbon dioxide are key to accelerating global efforts to reduce carbon emissions. We see significant opportunities in India for methanol produced sustainably. CRI's ETL technology solution is one of the most advanced in the world today. We are delighted to collaborate with CRI to bring this unique technology to progressive Indian companies in the public and private sectors, who are seeking green methanol as part of their product offering", said Atanu Mukherjee, CEO of Dastur Energy and Dastur.

CRI has two major projects underway based on its ETL technology. The two plants currently under construction in China will each produce more than 100,000 tons of methanol per year,. directly re-using 150,000 metric tons of carbon dioxide annually as raw material .

"A strong partnership between CRI and Dastur makes it possible to accelerate the introduction and deployment of our sustainable technology solutions to a new market where there are great growth opportunities. Environmentally friendly technologies such as the one developed by CRI will play a key role in the essential transformations in industry and energy markets ahead. It will be a pleasure to see Icelandic environmental technology in the Indian market", said Björk Kristjánsdóttir, CEO of CRI.

Dastur Energy
http://www.dasturenergy.com/

USA: Abhijit Sarkar
+1 512.823.0398
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India: Saurav Chatterjee
+91 98313 04985
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CRI
https://www.carbonrecycling.is/

Iceland: Omar Sigurbjornsson
+354 865 5736
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Lightweight and compact GPS satellite communicator features advanced messaging, tracking and safety capabilities to provide greater peace of mind on the water

OLATHE, Kan.--(BUSINESS WIRE)--Garmin International, Inc., a unit of Garmin Ltd. (NYSE: GRMN), the world’s most innovative and recognized marine electronics manufacturer, today announced the inReach^® Mini 2 Marine Bundle, a satellite communication device with two-way messaging and SOS capabilities¹ bundled with a boat-friendly mount that provides quick-and-easy access in a moment’s notice. Rugged, compact and purpose-built for life off the grid, the inReach Mini 2 comes packed with features that give mariners an added sense of security on the water such as two-way text messaging, location tracking and weather updates thanks to the global Iridium^® satellite network. In an emergency, inReach Mini 2 users can trigger an interactive SOS message to the Garmin International Emergency Response Coordination Center (IERCC), a 24/7 staffed professional emergency response coordination center.

“When performance and reliability are needed most, the inReach Mini 2 helps boaters, anglers and sailors stay connected to loved ones when their explorations take them outside of cellphone range,” said Dan Bartel, Garmin vice president of global consumer sales. “The best plan is to always be prepared, which is why Garmin satellite communicators have become trusted tools for anyone leaving the dock. With its compact size, robust location features and long-lasting battery life, the inReach Mini 2 is an invaluable companion for any boating adventure.”

Optimized for life on the water

Small but mighty, the inReach Mini 2 measures 4 inches tall and 2 inches wide, weighing a mere 3.5 ounces, and yet it encompasses it all—from messaging to tracking to declaring an SOS. Water-rated to IPX7², it can be paired with compatible marine electronics on board, including the GPSMAP^® 8400/8600 Series and GPSMAP 7x3/9x3/12x3 Series chartplotters, quatix^® 7 Series marine GPS smartwatches and more, or used freely on its own. Wireless unit-to-unit connectivity lets users remotely control the inReach Mini 2 to send and receive messages, start and stop tracking and, in the event of an emergency, trigger an interactive SOS directly from the paired device. For added peace of mind without taking up valuable space at the helm, mariners can securely mount the inReach Mini 2 and keep it charged in a convenient location thanks to the included screw-down mount and 12-volt power cable.

Enduring battery life

Whether at sea or back on land, inReach Mini 2 users can explore longer knowing their device features up to 14 days of continuous run time in default 10-minute tracking mode. To further extend battery-life, tracking intervals can be customized to provide up to 30 days of continuous use when in 30-minute tracking mode³. Mariners who find themselves only occasionally off the grid will feel confident knowing the inReach Mini 2 can remain charged and ready for use when powered off for up to one year, making it a valuable addition to any emergency kit.

Adventure-ready companion

The inReach Mini 2 automatically records activities and passively stores routes traveled. Should a user get lost, they can simply engage TracBack^® and an on-device digital path will retrace their movements and guide them back to their point of origin.

To further aid in navigation, the inReach Mini 2 features an electronic compass that displays an accurate heading even when stationary. In addition to the GPS satellite network, it leverages GALILEO, QZSS and BeiDou satellite networks for faster initial satellite acquisition time and more coverage in challenging environments than GPS alone.

Thanks to the inReach Mini 2’s intuitive user interface, mariners can check location updates, weather alerts and messages faster than ever before. Using the new glanceable “quick view,” users can scroll through device widgets to quickly review the essentials, which are displayed on the device’s new high-resolution display that’s optimized for viewing in all conditions.

Mariners can expand the capabilities of their inReach Mini 2 by using the Garmin Explore Mobile app which lets users map, track, sync and share their adventures. When paired to the inReach Mini 2, users can quickly type messages, get up-to-date weather information, download a variety of maps, review their trips and more from their mobile device.

Share your adventures in real-time

Even without cellphone coverage, mariners can virtually bring their friends and family on a trip, even when they’re alone, using the location sharing features on inReach Mini 2. Through the inReach MapShare^™ page or by sending GPS coordinates embedded in their message, users can update loved ones on their location at a moment’s notice. Friends and family can also reach out directly to inReach Mini 2 customers to check their ETA to the dock, see how the fish are biting or congratulations along the way.

24/7 emergency response

Thanks to a dedicated SOS button on the inReach Mini 2, users can quickly declare an SOS should an emergency occur. Once an SOS is declared, the inReach Mini 2 will send a distress signal to the Garmin IERCC. Through two-way communication on the inReach Mini 2, the IERCC can communicate with the inReach user and then notify the applicable search and rescue organization to respond. The IERCC will deliver a confirmation that help is on the way and provide updates on the status of the response effort. The IERCC may also reach out to the user’s designated emergency contacts.

To communicate using an inReach Mini 2, an active satellite subscription plan is required. A variety of plans that range from flexible month-to-month options to an annual contract package are available for individuals or professionals. Plans are available for as little as $11.95 per month.

The inReach Mini 2 Marine Bundle is expected to be available this month with a suggested retail price of $449.99. The bundle includes an internal, rechargeable lithium battery for up to 14 days of use at the default 10-minute tracking mode and up to 30 days at the 30-minute interval extended tracking mode. It also includes a marine mount and hardware, 12-volt power cable and flotation lanyard.

Engineered on the inside for life on the outside, Garmin products have revolutionized life for anglers, sailors, mariners and boat enthusiasts everywhere. Committed to developing the most innovative, highest quality, and easiest to use marine electronics the industry has ever known, Garmin believes every day is an opportunity to innovate and a chance to beat yesterday. For the seventh consecutive year, Garmin was recently named the Manufacturer of the Year by the National Marine Electronics Association (NMEA). Other Garmin marine brands include Fusion^® and Navionics^®. For more information, visit Garmin’s virtual Newsroom, This email address is being protected from spambots. You need JavaScript enabled to view it., connect with @garminmarine on social media, or follow our adventures at garmin.com/blog.

¹ Active Subscription required. Some jurisdictions regulate or prohibit the use of satellite communication devices. It is the responsibility of the user to know and follow all applicable laws in the jurisdictions where the device is intended to be used.
² See Garmin.com/waterrating for more details.
³ Depending on settings

About Garmin International, Inc. Garmin International, Inc. is a subsidiary of Garmin Ltd. (NYSE: GRMN). Garmin Ltd. is incorporated in Switzerland, and its principal subsidiaries are located in the United States, Taiwan and the United Kingdom. Garmin, inReach, GPSMAP, quatix, TracBack, Fusion and Navionics are registered trademarks and MapShare is a trademark of Garmin Ltd. or its subsidiaries. All other brands, product names, company names, trademarks and service marks are the properties of their respective owners. All rights reserved.

Notice on Forward-Looking Statements:

This release includes forward-looking statements regarding Garmin Ltd. and its business. Such statements are based on management’s current expectations. The forward-looking events and circumstances discussed in this release may not occur and actual results could differ materially as a result of known and unknown risk factors and uncertainties affecting Garmin, including, but not limited to, the risk factors listed in the Annual Report on Form 10-K for the year ended December 25, 2021, filed by Garmin with the Securities and Exchange Commission (Commission file number 0-31983). A copy of such Form 10-K is available at www.garmin.com/en-US/company/investors/earnings/. No forward-looking statement can be guaranteed. Forward-looking statements speak only as of the date on which they are made and Garmin undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.

Carly Hysell
913-397-8200
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Enterprise Data Solution with an open, industrial platform will unlock customers’ operational data and deliver value faster

LONDON & OSLO, Norway--(BUSINESS WIRE)--Schlumberger (NYSE: SLB) and Cognite, two leaders in technology innovation, today announced a strategic partnership to integrate Schlumberger’s Enterprise Data Solution for subsurface with Cognite Data Fusion®, Cognite’s leading open industrial DataOps platform. Through this partnership, customers can integrate data from reservoirs, wells, and facilities in a single, open platform, and leverage embedded AI and advanced analytics tools to optimize production, reduce costs and decrease operational footprint.

“Operational data in the production domain is a vastly underutilized customer asset due to its complexity and lack of contextualization at scale. Our strategic partnership with Cognite leverages Cognite Data Fusion® to extract better and faster insights from our domain-specific applications in flow assurance, process simulation, and bespoke AI solutions developed with customers. Combined with Schlumberger’s Enterprise Data Solution for subsurface, Cognite and Schlumberger are creating the first offering in the market with access to contextualized data in an interoperable platform,” said Rajeev Sonthalia, president, Digital & Integration, Schlumberger. “Together, we will make vast quantities of data easily available for customers to use and innovate at scale quickly, to increase production, improve financial performance, and achieve sustainability goals.”

Schlumberger will be the lead commercial partner and will exclusively provide customers with access to the Enterprise Data Solution. The partners will co-develop compatible applications and solutions, leveraging decades of digital solutions expertise from Schlumberger and Cognite Data Fusion’s unique capabilities. Schlumberger’s domain-driven AI, IoT and simulation engines integrated with Cognite’s high-performance data, and automation technologies help customers accelerate returns from their producing assets.

“Cognite’s partnership with Schlumberger provides customers in the energy sector with a secure, scalable data platform upon which business applications can deliver operational efficiencies and help achieve sustainability goals,” said Girish Rishi, CEO of Cognite. “We are honored to bring Schlumberger, a company with trusted, global roots in the energy sector, into our growing partner ecosystem.”

The partnership’s initial focus is production operations in the energy sector. For customers, this means better management of data models, improved time to value, and enhanced outcomes to increase value from their current portfolio of assets.

About Schlumberger

Schlumberger (NYSE: SLB) is a technology company that partners with customers to access energy. Our people, representing over 160 nationalities, are providing leading digital solutions and deploying innovative technologies to enable performance and sustainability for the global energy industry. With expertise in more than 120 countries, we collaborate to create technology that unlocks access to energy for the benefit of all.

Find out more at www.slb.com

About Cognite

Cognite is a global industrial SaaS company that was established with a clear vision: to rapidly empower industrial companies with open, contextualized, trustworthy, and accessible data to help drive the full-scale digital transformation of asset-intensive industries around the world. Our core Industrial DataOps platform, Cognite Data Fusion®, enables industrial data and domain users to collaborate quickly and safely to develop, operationalize, and scale industrial AI solutions and applications to deliver both profitability and sustainability. Visit us at www.cognite.com and follow us on Twitter and LinkedIn.

Cautionary Statement Regarding Forward-Looking Statements

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BARCELONA, Spain--(BUSINESS WIRE)--Wallbox (NYSE:WBX), a leading provider of electric vehicle (EV) charging and energy management solutions worldwide, announced today the launch of the company’s Shareholder Perks Program on the Stockperks app.

Wallbox shareholders who leverage the Stockperks app will receive discounts on the Pulsar Plus EV home charging solution. Please visit the Stockperks app for more details on how to claim Wallbox shareholder perks.

“Our products are designed with the residential consumer in mind, so retail investors are a critical element of our shareholder base. We are excited to launch our retail shareholder perk program and bring our industry leading home charging portfolio to Wallbox’s loyal shareholders,” said Jordi Lainz, Wallbox CFO. “This program will reward share ownership through an innovative mobile platform, providing meaningful discounts and merchandise to new and existing holders. We look forward to a successful partnership.”

“We are proud to align with a global segment leader such as Wallbox,” said Agnies Watson, President and Co-Founder of Stockperks. “We are uniquely positioned to understand the important role Wallbox plays globally as it resides at an intersection between home or building owners, electrical grid managers and the vehicle itself. Stockperks similarly plays an important role, residing at an intersection between corporates, brokerages and investors.” added Watson.

To learn more about Wallbox, please visit https://investors.wallbox.com/overview.

About Stockperks
Stockperks is reimagining and revolutionizing how retail investors and companies connect. It’s the first multi-channel marketplace where individual investors get the perks of company ownership, companies create a community of engaged, informed and loyal individual investors, and everyone is invested in the company’s success.

About Wallbox
Wallbox is a global technology company, dedicated to changing the way the world uses energy. Wallbox creates advanced electric vehicle charging and energy management systems that redefine users' relationship to the grid. Wallbox goes beyond electric vehicle charging to give users the power to control their consumption, save money, and live more sustainably. Wallbox offers a complete portfolio of charging and energy management solutions for residential, semi-public and public use in more than 100 countries. Founded in 2015 and headquartered in Barcelona, the company now employs over 1,100 people in its offices in Europe, Asia, and the Americas. For additional information, please visit www.wallbox.com.

Wallbox Investor Contact:
Matt Tractenberg
VP, Investor Relations
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+1 404-574-1504

Wallbox Public Relations Contact:
Elyce Behrsin
Public Relations
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+34 622 513 358

CHICAGO & DUBLIN--(BUSINESS WIRE)--#Australia--Declan Flanagan, former CEO of Orsted’s onshore business, today announced the launch of Bluestar Energy Capital (‘Bluestar’ or ‘the Company’), a new global renewable energy investment platform with an initial $100 million in capital for greenfield renewable energy development. Bluestar, founded by Flanagan, is also announcing several key management hires.

“A huge amount of capital is seeking a role in the energy transition, but a scarcity remains of the right kind of capital for new development platforms and new projects. Our vision is to be one of the largest global investors of early-stage development capital,” commented Declan Flanagan, CEO of Bluestar. “We have structured Bluestar as a portfolio of distinct regional platforms based on the conviction that successful project development is a very local business. Success is about empowering regional leadership while bringing global scale and an owner’s attention to detail in managing project and market risk,” added Flanagan.

The initial $100 million raised by Bluestar will fund the execution of the first phase of its business plan. Bluestar’s bedrock strategy is greenfield development and a long-term approach to the infrastructure needed to drive the energy transition to 2030 and beyond. Bluestar will develop regional platforms in the United States, Australia and Europe that will be either wholly-owned or controlled subsidiaries and will engage in opportunistic acquisition activity to drive growth. The Company’s initial focus is exclusively on project development capital and the Company will evaluate various options for construction and operating capital in due course.

Declan Flanagan, who will remain the controlling shareholder of Bluestar, is joined by new investors S2G Ventures (‘S2G’) and Great Bay Renewables (‘Great Bay’). As part of the transaction Aaron Rudberg, COO of S2G, and Frank Getman, CEO of Great Bay, have joined Bluestar’s board of directors. Senan Murphy, former CFO of wind power pioneer Airtricity (sold to SSE and E.On) has also joined Bluestar’s board as a non-executive.

Following the closing of this funding round, the Company has established its first two regional development platforms:

• Nova Clean Energy, LLC (‘Nova’) is Bluestar’s North American-focused development platform. Nova is pursuing a greenfield project development plan, as well as opportunistic M&A across wind, solar and storage.

• Bluestar Energy Australia (‘BEA’) is Bluestar’s Australian-focused development platform. Since entering the Australian market, it has already built a meaningful pipeline that is focused primarily on wind power, with plans for further additions of solar and storage.

Bluestar has also made several key management hires in recent months.

At Bluestar:

• Dennis Meany, former President of Lincoln Clean Energy (sold to Orsted) was named President and Board member.
• Dylan Reeves, former Chief Commercial & Product Officer, Onshore Wind Services at GE Renewable Energy, was named Head of Project Delivery.
• Cortney Zaret, former Financial Controller at Orsted Onshore was named Head of Accounting & Administration.
• Joe Condo, former General Counsel at Orsted Onshore and Lincoln Clean Energy, was named General Counsel.

At Bluestar’s regional platforms:

• Jenn Goodwillie, former Vice President at Orsted Onshore, was named Head of Development at Nova Clean Energy.

Commenting on their investment in Bluestar, Aaron Rudberg of S2G said, “S2G is thrilled to be working with Declan and the Bluestar team to enable the energy transition. The Bluestar team are proven operators. They understand what the industry needs and are well positioned to capitalize on the growing energy opportunity across the U.S., Europe, and Asia.”

Frank Getman of Great Bay added, “Declan is a recognized leader in renewables and the global energy transition with an incredible track record of success. We are excited to support him and his team in helping create the next great global renewables platform.”

About Bluestar Energy Capital

Bluestar Energy Capital (Bluestar) is a global renewable energy investment company focused on development platforms and project development capital. Bluestar delivers investable clean energy projects at scale through its regional development platforms, Nova Clean Energy, LLC and Bluestar Energy Australia. Bluestar is headquartered in Chicago, Illinois with offices in Austin, Texas and Dublin, Ireland. Follow Bluestar on LinkedIn. Follow our platform company, Nova Clean Energy on LinkedIn.

About S2G Ventures

S2G Ventures, the direct investment team of Builders Vision, partners with entrepreneurs who are working on solutions to some of the world’s greatest challenges across the food, agriculture, oceans, and clean energy markets. We provide capital, mentorship, and value-added resources to companies pursuing innovative market-based solutions that generate positive social, environmental, and financial returns. We provide our partners with flexible capital solutions that can range from seed and venture funding through growth equity to debt and infrastructure financing. For more information about S2G, visit s2gventures.com, tune-in to our podcast, or connect with us on LinkedIn.

About Great Bay Renewables

Great Bay Renewables, based in Portsmouth, New Hampshire, provides capital to the renewable energy sector in exchange for royalties in renewable energy generating facilities at all stages in their life cycle. Great Bay’s management team has extensive experience in renewable energy development, financing, and operations across a range of renewable technologies located throughout the United States. Great Bay is backed by Altius Renewable Royalties Corp. (TSX: ARR) (OTCQX: ATRWF) and funds managed by affiliates of Apollo Global Management, Inc. (NYSE: APO). Learn more about Great Bay at www.greatbayrenewables.com or follow us on LinkedIn.

Wendy Prabhu, Mercom Communications
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TORONTO--(BUSINESS WIRE)--Tokens.com Corp. (NEO Exchange Canada: COIN)(Frankfurt Stock Exchange: 76M) (OTCQB US: SMURF) (“Tokens.com” or the “Company”), a publicly-traded company that invests in Web3 assets and builds businesses linked to crypto staking, the metaverse and play-to-earn gaming, shares its positive outlook on the upcoming Ethereum Merge and the impact to its staking business segment.

Ethereum, the most widely used blockchain for NFTs and Web3 metaverses, will be making a significant processing upgrade on or about September 15th. The upgrade, called the ‘Merge’, marks the transition from a proof-of-work mechanism, performed by crypto miners, to a proof-of-stake mechanism, performed by crypto stakers.

The upgrade will require 99.9% less energy consumption to validate transactions than the previous mining process. As a result, the Ethereum blockchain will no longer require miners, who will be fully replaced by stakers, like Tokens.com. The upgrade will also allow Ethereum to achieve greater scale, with faster transaction speeds and lower transaction fees. Ethereum’s native token, ETH, is the second largest cryptocurrency after Bitcoin with a market capitalization of approximately $200 billion.

Tokens.com has been staking ETH at scale since early 2021 and owns over 3,100 ETH. Tokens.com anticipates no impact to its operations through the completion of the Merge other than increased revenues. Subsequent to the Merge, it is expected that the compensation for staking ETH will increase from current levels.

“We have been early adopters of the shift to staking and are one of the first public companies to own and stake ETH at scale,” said Andrew Kiguel, CEO of Tokens.com. “Long-term mass adoption of Web3 and crypto requires a move to environmentally friendly processes. As a result, we have continued staking Ethereum, Solana, Polkadot and other layer one blockchains used in the creation of NFTs, metaverses and play-to-earn video games.”

Tokens.com is committed to only investing in tokens compatible with a staking platform due to its increased energy efficiency and environmental friendliness. In addition to its ETH token ownership, Tokens.com owns Polkadot and Solana used for its staking business, amongst other tokens.

About Tokens.com

Tokens.com Corp is a publicly traded company that invests in Web3 assets and builds Web3 businesses. The Company focuses on three operating segments: i) crypto staking, ii) the metaverse and, iii) play-to-earn crypto gaming. Tokens.com owns digital assets and operating businesses within each of these three segments.

Staking operations occur within Tokens.com. Metaverse operations occur within a subsidiary called Metaverse Group. Crypto gaming operations occur within a subsidiary called Hulk Labs. All three businesses are tied together by the utilization of blockchain technology and are linked to high-growth macro trends within Web3. Through sharing resources and infrastructure across these business segments, Tokens.com is able to efficiently incubate these businesses from inception to revenue generation.

Visit Tokens.com to learn more.

Keep up-to-date on Tokens.com developments and join our online communities on Twitter, LinkedIn, and YouTube.

This news release includes certain forward-looking statements as well as management’s objectives, strategies, beliefs and intentions. Forward looking statements are frequently identified by such words as “may”, “will”, “plan”, “expect”, “anticipate”, “estimate”, “intend” and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of cryptocurrencies, as described in more detail in our securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward-looking statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these forward-looking statements except as required by applicable law.

Tokens.com Corp.
Andrew Kiguel, CEO
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Jennifer Karkula, Head of Communications
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FRANKFURT AM MAIN, Germany--(BUSINESS WIRE)--#ACWallbox--AUTEL (AUTEL EUROPE GmbH), a leading provider of EV charging solutions and automotive aftermarket products, will present its products and solutions at the Automechanika from 13 to 17 September, 2022, among which AUTEL DC Fast won the innovation award at the show, while AC Wallbox and IA900WA Wheel Alignment were shortlisted as innovation award finalists from among 130 entries.

MaxiCharger DC Fast provides IP54 protection against weather and dust, making it suitable to work outdoors. There are up to 12 power modules inside, making the conversion from AC energy to DC energy fast and efficient. It can also provide up to 240KW for one charging gun, allowing any EV to add a range of up to 340km in 15 minutes. AUTEL MaxiCharger DC Fast (Gen2) is a collection of POS that allows customers to charge easily with credit card, Apple Pay, Google Pay — a wide range of payment options to solve your payment problems directly.

AC Wallbox, as a level 2 charger, provides a complete one-stop solution that enables customers to quickly charge their electric cars with less energy consumption and flexible charging times for their daily travel needs. IA900WA Wheel Alignment is the first tool available on the market that is able to perform professional diagnostic of all the existing systems in passenger and light duty vehicles.

The international automotive aftermarket is one of the world’s most dynamic markets. Automechanika is not only the international meeting place for the manufacturing industry, repair shops and automotive trade, but also represents the entire automotive aftermarket value chain like no other trade fair brand. In this huge trade fair, AUTEL presented traditional automotive diagnostic equipment as well as a wide range of customised solutions for individual charging posts for home and commercial use.

On the afternoon of 13 September, Ting Cai, CEO of AUTEL EUROPE, took part in the award ceremony to present AUTEL's personalised electric charging pile solutions and the Maxicharger DC Fast, which won the innovation award at the show. After the award ceremony, CEO Ting Cai was interviewed by TV Berlin.

"With the boom in electric vehicles, chargers are a big topic. In addition to the electric piles themselves, we also offer AUTEL's cloud management platform to help businesses and individuals solve their charging problems in one stop. Against the backdrop of rising energy prices and shortages, this is an important topic," said Ting Cai.

For more information, please visit: https://autelenergy.eu/

AUTEL
+49(0)89 540299608
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Former Chevron executive to bring expertise in industrial growth and energy transition 

PASADENA, Calif.--(BUSINESS WIRE)--$HLGN--Heliogen, Inc. (NYSE: HLGN), a renewable energy technology company utilizing concentrated sunlight and thermal storage to decarbonize industry, today announced the appointment of Barbara J. Burger, PhD, as a member of the Board of Directors, effective September 12^th. Dr. Burger replaces David Crane following his recent nomination by President Biden to serve as Under Secretary for Infrastructure at the Department of Energy.

“We are pleased to welcome Barbara to the Heliogen Board and are excited to leverage her unique understanding of our customers’ needs for industrial decarbonization,” said Bill Gross, Chairman and Chief Executive Officer of Heliogen. “Her expertise in the energy and chemical sectors combined with her deep experience in industrial growth and innovation will be a key asset to Heliogen as we scale our technology globally and advance our mission to decarbonize heavy industry.”

Most recently, Dr. Burger served as Chevron’s Vice President of Innovation and President of Chevron Technology Ventures (CTV). During her more than 30-year career at Chevron, Dr. Burger held management positions across International Marketing, Chemicals, Technology Marketing, Lubricants, Ventures, and Innovation. Additionally, Dr. Burger has held a wide range of civic and industrial leadership governing board and advisory council positions including the MIT Energy Initiative, Houston Exponential, Houston Symphony Society, Oil and Gas Climate Initiative Climate Investment LLP, the National Renewable Energy Laboratory, Greentown Houston, Activate, and Rice University’s Corporate Innovation Practice. Dr. Burger holds a bachelor’s degree in chemistry from the University of Rochester, a doctoral degree in chemistry from the California Institute of Technology, and an MBA in finance with academic honors, from the University of California, Berkeley.

“Heliogen is an exceptional company, and I am honored to join the Board of Directors to help accelerate their growth and their customers’ transition to renewable energy,” said Dr. Burger. “I look forward to the opportunity to join Bill and the rest of the talented Heliogen team as we work to execute the company’s growth strategy and scale its transformative technology.”

About Heliogen

Heliogen is a renewable energy technology company focused on decarbonizing industry and empowering a sustainable civilization. The company’s concentrating solar energy and thermal storage systems aim to deliver carbon-free heat, steam, power, or green hydrogen at scale to support round-the-clock industrial operations. Powered by AI, computer vision and robotics, Heliogen is focused on providing robust clean energy solutions that accelerate the transition to renewable energy, without compromising reliability, availability, or cost. For more information about Heliogen, please visit heliogen.com.

Heliogen Media:
Cory Ziskind
ICR, Inc.
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Heliogen Investor:
Louis Baltimore
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The Energy Storage Solutions Consortium will develop a first-of-its-kind methodology to quantify the greenhouse gas emissions benefits of stored energy usage

MENLO PARK, Calif.--(BUSINESS WIRE)--A group of leading organizations, including Meta, REsurety, Broad Reach Power and others, has announced the formation of the Energy Storage Solutions Consortium, a consortium to assess and maximize the greenhouse gas (GHG) reduction potential of electricity storage technologies. The group’s goal is to create an open-source, third-party-verified methodology to quantify the GHG benefits of certain grid-connected energy storage projects, and to ultimately help add a tool for organizations to create credible progress toward their net zero emissions goals.

Once approved by the third-party Verra through the Verified Carbon Standard Program, the standard would be the first verified methodology to quantify the emissions benefits of large-scale energy storage facilities, and would provide valuable guidance such as when to deploy stored energy to deliver maximum emissions reduction benefits.

“At Meta, we are committed to accelerating the transition to the carbon-free grid of the future, and large-scale energy storage is a critical part of that transition. Having achieved 100% renewable energy for our global operations, we are now looking to help move the energy storage industry forward by addressing next-level challenges and opening pathways that will help drive high impact emissions reductions on the grid,” said Peter Freed, director of energy strategy at Meta. “We are excited to launch this consortium in partnership with these industry-leading organizations, who will bring diverse perspectives and experience to the development of a robust, transparent methodology.”

“We need to decarbonize the grid as quickly as possible, and to do that we need to maximize the emissions impacts of all grid-connected technologies - whether generation, load, hybrid or standalone storage,” says Adam Reeve, SVP of software solutions at REsurety. “Enabling this sort of decarbonizing activity is the exact reason why we invested in developing high-resolution Locational Marginal Emissions. Energy storage is a technology that has huge potential, and we’re delighted to partner with industry leaders in this forward-thinking and collaborative effort to develop a global standard for energy storage benefits.”

“Battery storage will play an increasingly important role in delivering reliable and affordable power to homes and businesses as we move toward a 100% renewable energy grid. As the leading utility-scale battery storage platform in the U.S., we’re looking forward to working with other industry leaders to be able to quantify the important GHG reduction benefits of large-scale energy storage facilities and help organizations take climate action,” says Paul Choi, EVP of origination at Broad Reach Power.

In order to calculate the GHG benefits of large-scale energy storage facilities, the consortium will leverage locational marginal emissions. This concept measures the tons of GHG emissions displaced through the charging and discharging of energy storage facilities on the grid at a specific location and point in time.

In addition to steering committee members Meta, REsurety and Broad Reach Power, the consortium includes a number of advisory committee members. These advisory members include leading technology companies, emissions data providers, investors, storage developers and service providers, and non-governmental organizations among others.

Members include:

3Degrees Group, Inc., Akamai Technologies, Clearloop, Equilibrium Energy, Fluence, General Motors, GlidePath Power Solutions, Habitat Energy, Hannon Armstrong, Jupiter Power, Longroad Energy, Marathon Capital, Microsoft, Primergy Solar, Quinbrook Infrastructure Partners, RES Group, Rivian, Rowan Digital Infrastructure, Stem, Tabors Caramanis Rudkevich, TimberRock, UBS Asset Management, and WattTime.

The Energy Storage Solutions Consortium is also partnering with Perspectives Climate Group, the German consultancy dedicated to helping its clients achieve net zero GHG emissions and to developing practical solutions for accounting of emission reductions from innovative climate-friendly technologies.

About Meta Platforms, Inc.

Meta builds technologies that help people connect, find communities and grow businesses. When Facebook launched in 2004, it changed the way people connect. Apps like Messenger, Instagram and WhatsApp further empowered billions around the world. Now, Meta is moving beyond 2D screens toward immersive experiences like augmented and virtual reality to help build the next evolution in social technology. about.facebook.com

About REsurety

REsurety is the leading analytics company empowering the clean energy economy. Operating at the intersection of weather, power markets and financial modeling, we enable the industry’s decision-makers to thrive through best-in-class value and risk intelligence, and the tools to act on it. For more information, visit www.resurety.com or follow REsurety on LinkedIn.

About Broad Reach Power

Broad Reach Power is the leading utility-scale battery storage platform in the United States. Based in Houston, Broad Reach is backed by leading energy transition investors, EnCap Investments L.P., Apollo Global Management, Yorktown Partners and Mercuria Energy. The company owns a 21 GW portfolio of utility-scale battery storage and renewable power projects across the U.S., giving utilities, generators, and customers access to technological insight and tools for managing merchant power risk so they can better match supply and demand. For more information about the company, visit www.broadreachpower.com.

Stacey Yip, Meta
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(650) 407-0610

Tara Bartley, REsurety
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(774) 232-1220

Morgan Moritz, Broad Reach Power
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(512) 745-2575

With a proven legacy and track record, Avantus is building integrated networks of smart power plants to deliver low-cost, reliable clean energy to millions of people

LOS ANGELES & SAN FRANCISCO--(BUSINESS WIRE)--Today, 8minute Solar Energy (8minute) revealed its new vision beyond solar development to include an advanced ecosystem of clean energy products and services that provide unmatched reliability, responsiveness, and zero-emission energy at a lower cost than fossil fuels. To reflect its expanded scope of advanced technologies in the renewable energy space, 8minute has rebranded to Avantus. As Avantus, the company continues to execute on its core development platform bringing one of the largest clean energy development pipelines in the country to life, while deploying the company’s proprietary power plant technologies and digitally connected delivery systems at the gigawatt scale.

“We built 8minute Solar Energy to deliver on goals central to the fight against climate change – making renewable energy lower cost and more reliable than fossil fuels. Now, with more than a decade of experience behind us, we have accomplished that and more: we’ve proven we are a category-defining company on track to become one of the first pure play clean energy majors. And today’s announcement introducing Avantus recognizes that,” said Dr. Tom Buttgenbach, CEO and Founder of Avantus. “As Avantus, we have the scale, track record and expertise to transform our country’s energy generation to be as networked and responsive as the digital tools driving the rest of the world. We will do this by continuing to develop our industry-leading pipeline, while also creating advanced technologies that will take clean energy to the next level - smarter, cheaper, faster, and more reliable than ever before.”

Through its industry-defining innovations, Avantus is creating new ways to decarbonize our planet, while providing superior solutions that lower the cost of energy. Its networks of smart power plants can deliver flexible, predictable output to the grid and help utilities dynamically manage load – from baseload to peak load, and everything in between.

The company’s proprietary technologies and design optimization tools are unlocking value previously not possible with renewables. Grid stabilization (like frequency regulation and ancillary services), and the ability to bring a plant online instantaneously, reacting to outages in milliseconds, makes renewables not only cleaner, but more reliable than fossil fuels. Avantus smart power plants also guarantee 99% availability, versus 80% to 85% for gas-fired power plants, further solidifying next generation clean energy technology as the backbone of a modern electric grid.

“Energy systems must evolve to match the complex, data-driven world we live in,” said Kip Larson, Chief Technology Officer of Avantus, who previously spent over a decade optimizing networked systems at Amazon, Amazon Web Services, and Convoy. “That’s why Avantus has created a new ecosystem of renewable energy generation and storage that outperform conventional and simple designs. We deploy digital tools like large scale simulations and predictive analytics to create highly specific and optimized system architecture, power plant designs, and machine learning-powered operational systems to address our customers’ increasingly complex energy needs.”

Built on the learnings and technologies validated through 8minute’s portfolio, Avantus has led the industry towards unprecedented milestones. Its legacy includes the largest operating solar cluster in the nation, the first operational solar plant in the U.S. to beat fossil fuel prices, and a project that will deliver solar energy - day and night - for record-low prices.

“As Avantus, we plan to continue breaking records on both cost and reliability,” said Stephanie Perry, Chief Operating Officer of Avantus. "Our expanding development pipeline of over 70 utility-scale projects will provide low-cost, zero-emission energy to more than 20 million Americans. Avantus will build on our legacy of success and play a pivotal role in helping the United States meet its clean energy goals.”

Backed by EIG, a leading institutional investor in the global energy and infrastructure sectors, Avantus has secured $450 million in financing over the past year to execute on its differentiated growth strategy. The company has also rapidly grown its team to deliver on its expanded vision, bringing on new technical capabilities and executive leadership, including Chief Financial Officer Rahul Mathur, General Counsel Jennifer Arasimowicz, and Chief Technology Officer Kip Larson, while promoting leadership from within, including Chief Operating Officer Stephanie Perry and Chief Commercial Officer Michael Healy.

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 20 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.

Avantus
Katie Struble
Director, Corporate Communications
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