Multi-Year Agreement to Supply High-Quality Verified CO2 Removal Certificates

OTTAWA, Ontario--(BUSINESS WIRE)--#Biochar--Invert Inc. ("Invert" or “the Company"), a specialized carbon finance company focused on making carbon credits accessible to individuals and empowering businesses on their carbon reduction journey, is pleased to announce the Company has signed an agreement with BC Biocarbon, a biomass waste conversion company located in the Robson Valley, British Columbia. BC Biocarbon has developed a proprietary carbon-refining technology that converts biodegradable biomass into solid, liquid and gaseous carbon products. Through this agreement, Invert will receive a stream of BC Biocarbon’s high-quality CO2 Removal Certificates (“CORCS”), verified by Puro.earth, which will provide the Company with an immediate supply of verified carbon removal credits available to both corporate and individual customers. Each CORC represents a metric ton of C02 removed from the atmosphere, aligned with the IPCC definition of carbon removal.

"At BC Biocarbon, we understand that climate change is among the greatest threats facing our planet today, which is why we're proud of the proprietary technology we've developed, and we remain squarely focused on removing C02 from the atmosphere, " said Peter Popplewell, CEO, BC Biocarbon. "We look forward to working with the Invert team to meet the world's climate goals, as they continue to invest in carbon removal credits of the highest quality."

BC Biocarbon’s CORCS are derived from the production of biological charcoal (“biochar”), a charcoal-like material that is safe to be re-used in a variety of climate-positive ways, including land and water treatment, and helping soils to retain nutrients and water. Biochar is very effective at sequestering carbon and storing it for centuries, driving meaningful C02 reductions critical in the fight against climate change.

“When it comes to climate action, BC Biocarbon goes above and beyond and have clearly demonstrated their integrity and commitment to removing C02 from our atmosphere,” said Andre Fernandez, Co-CEO, Invert Inc. “We’re looking forward to working closely with the BC Biocarbon team to produce carbon removal credits and continue to fight climate change together over the long term.”

The CORCS purchased from BC Biocarbon will be available for individual purchase on the soon to be released Invert App.

About BC Biocarbon

BC Biocarbon is a proudly Canadian company headquartered in McBride, British Columbia. Established in 2011, BC Biocarbon's proprietary biorefinery technology produces bioenergy and biogenic carbon products, including biochar, biocoal, biochemicals, and other valuable products. Through its patented biorefinery system, the Company aims to recover the highest amount of carbon possible to help derive value and to mitigate climate change.

The Company’s Black Bear Biochar product is ideal for soil and filtration applications and provides Puro.earth-certified carbon removal credits when used for these purposes.

BC Biocarbon's mission is to massively accelerate atmospheric decarbonization via carbon removal and fossil carbon displacement. The Company is committed to ethical business practices for the betterment of the planet. To learn more, please visit: https://www.bcbiocarbon.com

About Invert

Invert operates at the core of the carbon reduction and removal ecosystem, from financing the removal of carbon from our atmosphere via high-quality carbon offset projects to empowering businesses and individuals on their emissions reduction journeys.

Invert invests in carbon credit projects that produce high-quality, meaningful carbon reduction and removal credits that will help save our world. By selling these credits to individuals or businesses, the Company generates revenue that can be reinvested towards further projects that reduce or remove CO2 from the atmosphere. In addition, Invert works directly with businesses to help them understand and reduce their carbon footprint.

Invert is also creating a place where individuals can go to learn about what they can do themselves to address the pressing issue of climate change. The Company helps individuals understand their own impact on the world and gives them a chance to support projects that reduce greenhouse gas emissions. The goal is for every individual to be carbon neutral, and Invert will help get people there in an engaging manner with rich content and community. Please visit our website for more information: invert.world

Forward-Looking Statements

This news release may contain forward-looking statements. Forward-looking statements contained in this news release include, but are not limited to, the intentions of the Corporation to pursue the Invert Neutral App indefinitely. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Invert to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors that could affect the outcome include, among others: volatility in prices of carbon credits and demand for carbon credit; expectations regarding carbon market trends, overall carbon market growth rates and prices for carbon credits; inability to raise the money necessary to execute its business plan and strategies; the Corporation's business plans and strategies, including acquiring carbon credits, streams and interests in carbon credit projects or entities involved in carbon credits or related businesses; the political, social and economic conditions in each jurisdiction in which the Corporation holds an investment; terrorism, insurrection or war; or delays in obtaining governmental approvals. Although Invert has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking statements contained herein are made as of the date of this news release and Invert disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable securities laws.

Caitlin O’Hara
Head of Corporate Communications
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This marks the company’s continued growth in green infrastructure and follows significant investment in MAS Ranger in 2021

LOS ANGELES--(BUSINESS WIRE)--CIM Group announced today that it has acquired 100% of the Renewable Natural Gas (RNG) development platform of MAS CanAm, LLC, an affiliate of MAS Energy, LLC (“MAS Energy”), a leading developer, owner and operator of landfill gas-based RNG in the U.S. and Canada, including a portfolio of seven projects currently under construction or in development. As part of the transaction, the platform will be renamed Terreva Renewables (“Terreva”).

Terreva is expected to produce RNG by year-end 2022 and will be a significant participant in the North American RNG sector, with the initial portfolio expecting to produce more than 3.9 million mmbtu of RNG per annum. CIM Group plans to meaningfully grow the Terreva Renewables platform in North America and further establish it as a leading player in RNG.

“CIM Group’s acquisition of Terreva represents a marquee transaction in the RNG sector that came about as a result of our long-standing commitment to and experience in renewable energy, and our strong, established relationship with MAS Energy. We continue to believe RNG is a crucial component of the global energy transition and are excited to contribute as a leader in decarbonization,” said Avi Shemesh, Co-Founder and Principal, CIM Group.

Terreva’s initial portfolio comprises RNG projects under construction in Vancouver, BC; Appleton, WI; McElhattan, PA; Grayslake, IL; and Suffolk, VA, and exclusive gas rights for two additional projects in North Carolina. As part of the transaction, the existing development team will continue leading the company.

RNG continues to grow in use as the United States transitions to renewable fuels, supported on a Federal level by the Renewable Fuel Standard program and by various State-level programs, such as California’s Low Carbon Fuel Standard and Oregon’s Clean Fuels Program. Utilities and other thermal energy end users are also increasingly turning to RNG as a method of reducing or eliminating their carbon footprint, either through voluntary means or regulation such as California’s Senate Bill 1440 and British Columbia’s Greenhouse Gas Reduction Regulation.

“Given RNG’s versatility, Terreva’s go-forward revenue strategy is to include a mix of high-quality transportation-related customers, investment-grade utilities, and other institutional offtakers under long-term fixed-price contracts. This flexibility makes it an extremely important resource in the fight against climate change,” added Shemesh.

In addition to RNG, CIM Group has waste-to-value experience as a partner with Bolder Industries, a producer of sustainable plastic and rubber products created from used tires that would otherwise be landfilled.

Since its inception in 1994, CIM has focused on real estate and infrastructure projects that serve the needs of communities throughout the Americas and is committed to investing in sustainable assets. CIM is an UNPRI signatory and its infrastructure projects have been recognized for sustainability by the California Organized Investment Network (COIN), a division of the California Department of Insurance.

Baker Botts LLP served as legal advisor to CIM Group in the transaction. MAS Energy was advised by Kirkland & Ellis LLP and Cantor Fitzgerald LP.

About CIM Group

CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. Since 1994, CIM has sought to create value in projects and positively impact the lives of people in communities across the Americas by delivering more than $60 billion of essential real estate and infrastructure projects. CIM’s diverse team of experts applies its broad knowledge and disciplined approach through hands-on management of real assets from due diligence to operations through disposition. CIM strives to make a meaningful difference in the world by executing key environmental, social and governance (ESG) initiatives and enhancing each community in which it invests. For more information, visit www.cimgroup.com.

Karen Diehl
Diehl Communications
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DUBLIN--(BUSINESS WIRE)--The "Maritime Information Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.

The global maritime information market size reached US$ 1.6 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 2.9 Billion by 2027, exhibiting a CAGR of 10.42% during 2021-2027.

Companies Mentioned

• Inmarsat
• L3 Technologies
• ORBCOMM
• Raytheon Company
• Thales Group
• exactEarth
• Iridium Communications

Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

Maritime navigation has been used since centuries for trade, traveling and security purposes. The advent of digital transformation in marine navigation has aided users in gathering crucial information about the activities undertaken on ports and water bodies. Maritime information solutions assist vessels in adapting to the dynamic sea conditions by monitoring several parameters, which enable users and organizations to take better operational as well as strategic decisions.

Besides this, they are associated with advantages such as enhancing the overall productivity and safety, along with ensuring efficiency in marine operations. As a result, these solutions are being employed for acquiring data about the ownership, movements, specifications and commercial activities of naval vessels.

As maritime information solutions play a vital role in ensuring an economy's security, they are widely used by governing authorities around the world. These solutions help nations in minimizing maritime threats such as human trafficking, terrorist attacks, environmental destruction and illegal seaborne immigration. Moreover, on account of the liberalization of world trade, there has been a significant increase in the number of ships that traverse the oceans which, in turn, is strengthening the demand for these solutions.

Apart from this, the International Maritime Organization (IMO) has recently implemented stringent laws, making it compulsory for all vessels to be deployed with Automatic Identification System (AIS) in order to monitor maritime traffic and avoid collision with other ships. Further, manufacturers are financing in research and development activities to attain accurate signal detection from naval vessels.

The publisher's latest report provides a deep insight into the global maritime information market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter's five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the maritime information market in any manner.

Key Questions Answered in This Report:

• How has the global maritime information market performed so far and how will it perform in the coming years?
• What are the key regional markets in the global maritime information industry?
• What has been the imapct of COVID-19 on the global maritime information market?
• What is the breakup of the market based on the application?
• What is the breakup of the market based on the end-user?
• What are the various stages in the value chain of the global maritime information industry?
• What are the key driving factors and challenges in the global maritime information industry?
• What is the structure of the global maritime information industry and who are the key players?
• What is the degree of competition in the global maritime information industry?

Key Topics Covered:

1 Preface

2 Scope and Methodology

3 Executive Summary

4 Introduction

4.1 Overview

4.2 Key Industry Trends

5 Global Maritime Information Market

5.1 Market Overview

5.2 Market Performance

5.3 Impact of COVID-19

5.4 Market Breakup by Application

5.5 Market Breakup by End-User

5.6 Market Breakup by Region

5.7 Market Forecast

6 Market Breakup by Application

7 Market Breakup by End-User

8 Market Breakup by Region

9 SWOT Analysis

10 Value Chain Analysis

11 Porter's Five Forces Analysis

12 Price Analysis

13 Competitive Landscape

13.1 Market Structure

13.2 Key Players

13.3 Profiles of Key Players

For more information about this report visit https://www.researchandmarkets.com/r/tkholb

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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HOUSTON--(BUSINESS WIRE)--Broad Reach Power, the leading utility-scale battery storage platform, which owns a 21 gigawatt (GW) portfolio of utility-scale battery storage and renewable power projects across the U.S., announced today that Stacey Peterson has joined as Chief Financial Officer.

“The fundamentals of our business have never been stronger, and apart from extremely supportive market dynamics we see even more acceleration driven by constructive policy such as the Inflation Reduction Act,” said Broad Reach Power Chief Executive Officer Steve Vavrik. “We are thrilled to now welcome Stacey, whose extensive background as a finance executive in the power industry will be a tremendous asset to our business as we continue to expand our energy storage portfolio across the US.”

As the new CFO, Peterson will be responsible for all areas of the company's finance function, including capital management and strategy. She will report to CEO Steve Vavrik and will be based in Houston.

“I am confident that Stacey’s breadth of skills and depth of experience make her the ideal candidate to ensure that our capital plans and financial controls are aligned with our aggressive growth strategy as we continue to press our unique advantage in the utility-scale battery storage and renewable power project markets,” said Shawn Cumberland, Broad Reach Power’s Chairman and Managing Partner at EnCap Energy Transition.

“We are confident that Stacey’s financial leadership will add great value to Broad Reach Power,” said Corinne Still, Broad Reach Power Director and Partner at Apollo Global Management. “She is a seasoned executive with a strong background in power market finance, capital raising and risk management, which are key pillars of value creation for Broad Reach Power and its stakeholders.”

Prior to her role at Broad Reach Power, Peterson held financial management positions at BP, Calpine, Talen Energy, and most recently was Chief Accounting Officer at CenterPoint Energy. She received her B.S. degree in Finance from the Kelley School of Business at Indiana University and completed the Advanced Management Program at Harvard Business School.

About Broad Reach Power

Broad Reach Power is the leading utility-scale storage platform in the United States. Based in Houston, Texas, 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 energy storage and renewable power projects in Montana, California, Wyoming, Utah and Texas, giving utilities, generators and customers access to technological insight and tools for managing power market dynamics so they can better match supply and demand. For more information about the company, visit www.broadreachpower.com.

Morgan Moritz
Pierpont Communications
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AUSTIN, Texas--(BUSINESS WIRE)--Hyliion Holdings Corp. (NYSE: HYLN) (“Hyliion”), a leader in electrified powertrain solutions for Class 8 commercial semi-trucks, has announced that Jon Panzer has joined the company as Chief Financial Officer. Panzer brings extensive expertise in leading financial activities for Union Pacific Railroad Company, one of the nation’s largest railroads, with a broad understanding of transportation, logistics and technology. He will oversee all aspects of Hyliion’s financial operations, including financial planning and analysis, accounting, treasury, tax and investor relations.

“With his long-tenured career at Union Pacific, Jon brings with him to Hyliion a wealth of financial leadership experience that is only matched by his significant background in strategic technology and transportation operations,” said Hyliion founder and CEO Thomas Healy. “I’m thrilled to have Jon join the leadership team and I look forward to his contributions and adept guidance as the company continues down its product development path toward commercialization,” added Healy.

Prior to joining Hyliion, Panzer spent 26 years at Union Pacific Railroad Company, where he was most recently Senior Vice President of Intermodal Operations. He also served as Senior Vice President of Technology and Strategic Planning, Vice President and Treasurer, and Vice President, Financial Planning and Analysis. Panzer’s financial experience includes treasury operations, investor relations, banking, capital budgeting, financial reporting and cost accounting. As head of the railroad’s information technology organization, Panzer was responsible for managing application development, technology infrastructure and cyber security.

Earlier, Panzer held executive positions in Marketing and Sales within the Union Pacific’s Intermodal and Chemicals business segments and served in the United States Navy as a nuclear engineer.

Panzer holds a Bachelor of Science degree in Electrical Engineering from the University of Nebraska-Lincoln, and an MBA from Carnegie Mellon University.

Panzer said, “I am excited to join Hyliion at such a pivotal time, as it’s experiencing incredible growth and strides in technology. There is so much opportunity as we look ahead to transforming the transportation industry, and I am proud to be a part of an organization whose ambitious mission is reinforced by true innovation.”

As of September 8, Hyliion’s former CFO Sherri Baker is no longer with the company.

About Hyliion

Hyliion’s mission is to reduce the carbon intensity and greenhouse gas (GHG) emissions of Class 8 commercial trucks by being a leading provider of electrified powertrain solutions. Leveraging advanced software algorithms and data analytics capabilities, Hyliion offers fleets an easy, efficient system to decrease fuel and operating expenses while seamlessly integrating with their existing fleet operations. Headquartered in Austin, Texas, Hyliion designs, develops, and sells electrified powertrain solutions that are designed to be installed on most major Class 8 commercial trucks, with the goal of transforming the commercial transportation industry’s environmental impact at scale. For more information, visit www.hyliion.com.

Forward Looking Statements

The information in this press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of present or historical fact included in this press release, regarding Hyliion and its future financial and operational performance, as well as its strategy, future operations, estimated financial position, estimated revenues, and losses, projected costs, prospects, plans and objectives of management are forward looking statements. When used in this press release, including any oral statements made in connection therewith, the words “could,” “should,” “will,” “may,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “project,” the negative of such terms and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on management’s current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. Except as otherwise required by applicable law, Hyliion expressly disclaims any duty to update any forward-looking statements, all of which are expressly qualified by the statements herein, to reflect events or circumstances after the date of this press release. Hyliion cautions you that these forward-looking statements are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of Hyliion. These risks include, but are not limited to, Hyliion’s ability to disrupt the powertrain market, Hyliion’s focus in 2022 and beyond, the effects of Hyliion’s dynamic and proprietary solutions on its commercial truck customers, accelerated commercialization of the Hypertruck ERX™, the ability to meet 2022 and future product milestones, the impact of COVID-19 on long-term objectives, the ability to reduce carbon intensity and greenhouse gas emissions, the expected performance and integration of the KARNO generator and system, and the other risks and uncertainties set forth in “Risk Factors” section of Hyliion’s annual report on Form 10-K filed with the Securities and Exchange Commission (the “SEC”) on February 24, 2022 for the year ended December 31, 2021. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Should one or more of the risks or uncertainties described in this press release occur, or should underlying assumptions prove incorrect, actual results and plans could different materially from those expressed in any forward-looking statements. Additional information concerning these and other factors that may impact Hyliion’s operations and projections can be found in its filings with the SEC. Hyliion’s SEC Filings are available publicly on the SEC’s website at www.sec.gov, and readers are urged to carefully review and consider the various disclosures made in such filings.

Ryann Malone
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(833) 495-4466

Sharon Merrill Associates, Inc.
Nicholas Manganaro
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DUBLIN--(BUSINESS WIRE)--The "Solar Canopy Carport Market: Global Industry Analysis, Trends, Market Size, and Forecasts up to 2028" report has been added to ResearchAndMarkets.com's offering.

The report predicts the global solar canopy carport market to grow with a CAGR of over 11% over the forecast period from 2022-2028.

The report on the global solar canopy carport market provides qualitative and quantitative analysis for the period from 2022 to 2028. The study on solar canopy carport market covers the analysis of the leading geographies such as North America, Europe, Asia-Pacific, and RoW for the period of 2022 to 2028.

The report on solar canopy carport market is a comprehensive study and presentation of drivers, restraints, opportunities, demand factors, market size, forecasts, and trends in the global solar canopy carport market over the period of 2022 to 2028. Moreover, the report is a collective presentation of primary and secondary research findings.

Porter's five forces model in the report provides insights into the competitive rivalry, supplier and buyer positions in the market and opportunities for the new entrants in the global solar canopy carport market over the period of 2022 to 2028.

Further, Growth Matrix gave in the report brings an insight into the investment areas that existing or new market players can consider.

What does this Report Deliver?

• Comprehensive analysis of the global as well as regional markets of the solar canopy carport market.
• Complete coverage of all the segments in the solar canopy carport market to analyze the trends, developments in the global market and forecast of market size up to 2028.
• Comprehensive analysis of the companies operating in the global solar canopy carport market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and latest developments of the company.
• Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.

Company Profiles

• SunPower Corporation
• Jinko Solar
• Trina Solar
• First Solar
• JA Solar
• REC Group
• Yingli
• Upsolar
• Schletter
• KAPPION CARPORTS & CANOPIES

Report Findings

1) Drivers

• Growing adoption of electric vehicles
• Favorable government rules and regulations

2) Restraints

• High cost of installation and maintenance

3) Opportunities

• Growing awareness about solar energy in emerging economies

Segment Covered

The global solar canopy carport market is segmented on the basis of canopy type, carport type, design, and end-user.

The Global Solar Canopy Carport Market by Canopy Type

• Mono-pitch
• Duo-pitch
• Barrel Arch

The Global Solar Canopy Carport Market by Carport Type

• 1-row Vehicle Arrangement Carport
• 2-row Single Slope Vehicle Arrangement
• 2-row Dual Slope Vehicle Arrangement

The Global Solar Canopy Carport Market by Design

• Cantilever Design
• W Frame Design

The Global Solar Canopy Carport Market by End-User

• Residential
• Commercial
• Industrial
• Others

For more information about this report visit https://www.researchandmarkets.com/r/tqvgjr

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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• Strong order momentum with booked orders up over 100% YOY for H1 2022 and demand across multiple market segments
• Order backlog was more than €176 million for end of August 2022, largely driven by strong growth in Europe and the U.S.
• H1 2022 international expansion and diversification into other geographies has led to revenue outside of Germany increasing 4x from H1 2021
• Growth in U.S. business since launch in January
• Completed due diligence and identification of U.S. plant location with a scheduled opening in H2 2022
• Revenue in H1 2022 was €9.4 million
• Gross Profit (loss) in H1 2022 was -€4.8 million
• EBIT in H1 2022 was -€18.5 million for H1 2022
• H1 2022 closed with €65.7 million cash-on-hand and, as of this announcement, no debt
• FY 2022 revenue guidance of €80 to €100 million more than doubles FY 2021 revenue
• Growth continues in core segments across North America, Continental Europe, and the United Kingdom
• Increased order backlog already includes planned deliveries for 2023

NÜRTINGEN, Germany--(BUSINESS WIRE)--ADS-TEC Energy plc (NASDAQ: ADSE), a global leader in battery-buffered, ultra-fast charging technology, today announced audited financials for H1 2022 and guidance for FY 2022.

The company also announced strong performance and continued growth in its key segments with contracted business in municipalities, oil and gas, hospitality, big box retail, charging point operators, EV fleets, automotive OEM dealerships, and large last-mile delivery services since launching its U.S. business in January.

ADS-TEC Energy announced a key strategic partnership with JOLT, a Dublin and Munich-based technology company focused on owning and operating ultra-fast charging solutions in urban areas. Installations have already begun at ESSO service stations in Munich, Berlin, Hamburg, Frankfurt, Stuttgart, Dresden, Duesseldorf, and Nuremberg as well as TAMOIL stations in the Netherlands. They aim to install and operate up to 5,000 ultra-fast charging stations over the next five years.

On the product side, ADS-TEC Energy extends its battery-buffered, ultra-fast charging technology with the addition of ChargePost. Unlike the currently-available, battery-buffered ChargeBox, which consists of a separate battery-booster module and two charging dispensers, the ChargePost consolidates battery-buffering and dispensers into a single “all-in-one” system with a large display that provides revenue-generating advertising opportunities. In conjunction with this addition to the company’s portfolio, the company has completed a framework agreement with a European company that will receive the first 50 ChargePost systems in 2022. As part of the agreement, ADS-TEC Energy expects to deliver increasing volumes of products to encompass thousands of ChargePost units over the next few years.

Also, ADS-TEC Energy announced in August, that the company has significantly increased the order volume for its products in fiscal year 2022 since the publication of the first financial forecast on April 28, 2022. The orders primarily involve the company’s battery-buffered, ultra-fast EV charging systems, but also include stationary storage systems for commercial and industrial applications. For contractual reasons, specific customers and projects cannot be publicly announced at this time. Our sales guidance of €80 to €100 million will not be affected by the increased order backlog, as sales from the new orders are planned for 2023.

After much due diligence and site work, the company has identified the location of its U.S. manufacturing plant and expects it to be operational in Q4 2022.

Financial & Operational Highlights

The below represents summary financial and operational figures for H1 2022:

• Revenue of €9.4 million
• Gross profit (loss) of -€4.8 million
• Net loss of -€7.1 million
• Operating Result of -€18.5 million
• Result before tax of -€7.1 million
• Cash Flow from Operations of -€31,4 million
• Capital Expenditure of €3.3 million

2022 Financial & Operating Guidance

ADSE is introducing FY2022 guidance as follows:

• Total revenue of €80 - €100 million for FY2022
• Revenue in FY2022 will be backloaded to second half based on confirmed order backlog

Conference Call information

https://www.webcast-eqs.com/adstec20220912

About ADS-TEC Energy

ADS-TEC Energy plc, a public limited company incorporated in Ireland and publicly listed on NASDAQ (“ADS-TEC Energy”), serves as a holding company for ADS-TEC Energy GmbH, our operating company incorporated in Germany (“ADSE GM”) and ADS-TEC Energy Inc., a US subsidiary of ADS-TEC Energy GmbH (“ADSE US” and together with ADS-TEC Energy and ADSE GM, “ADSE”). ADSE is a global leader in battery-buffered, ultra-fast charging technology that draws on more than 10 years of experience with lithium-ion technologies, storage solutions and fast charging systems, including the corresponding energy management systems. Its battery-based, fast charging technology enables electric vehicles to ultrafast charge even on low powered grids and features a very compact design. The high quality and functionality of the battery systems are due to a particularly high depth of development and in-house production. With its advanced system platforms, ADSE is a valuable partner for automotive, OEMs, utility companies and charge-operators.

More information on www.adstec-energy.com

Forward-looking Statements

This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include statements regarding our financial outlook for 2022, our expectations with respect to future performance and the anticipated timing of certain commercial activities. There are a significant number of factors that could cause actual results to differ materially from the statements made in this press release, including: the impact of the COVID-19 pandemic, geopolitical events including the Russian invasion of Ukraine, macroeconomic trends including changes in inflation or interest rates, or other events beyond our control on the overall economy, our business and those of our customers and suppliers, including due to supply chain disruptions and expense increases; our limited operating history as a public company; our dependence on widespread acceptance and adoption of EVs and increased installation of charging stations; our current dependence on sales to a limited number of customers for most of our revenues; overall demand for EV charging and the potential for reduced demand for EVs if governmental rebates, tax credits and other financial incentives are reduced, modified or eliminated or governmental mandates to increase the use of EVs or decrease the use of vehicles powered by fossil fuels, either directly or indirectly through mandated limits on carbon emissions, are reduced, modified or eliminated; supply chain interruptions and expense increases; unexpected delays in new product introductions; our ability to expand our operations and market share in Europe and the U.S.; the effects of competition; changes to battery energy storage standards; and the risk that our technology could have undetected defects or errors. Additional risks and uncertainties that could affect our financial results are included under “Item 3. Key Information – 3.D. Risk Factors” in our annual report on Form 20-F filed with the Securities and Exchange Commission (the “SEC”) on April 28, 2022, which is available on our website at https://adstec-energy.com/investor-relations-corporate-governance/ and on the SEC’s website at www.sec.gov. Additional information will also be set forth in other filings that we make with the SEC from time to time. All forward-looking statements in this press release are based on information available to us as of the date hereof, and we do not assume any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made, except as required by applicable law.

Use of Non-IFRS Financial Measures

ADS-TEC Energy has provided in this press release financial information that has not been prepared in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board (“IFRS”). ADS-TEC Energy uses these non-IFRS financial measures internally in analyzing its financial results and believes that the use of these non-IFRS financial measures is useful to investors to evaluate ongoing operating results and trends, and in comparing ADS-TEC Energy’s financial results with other companies in its industry as well other technology companies, many of which present similar non-IFRS financial measures.

The presentation of these non-IFRS financial measures is not meant to be considered in isolation or as a substitute for comparable IFRS financial measures and should be read only in conjunction with ADS-TEC Energy’s consolidated financial statements prepared in accordance with IFRS. A reconciliation of ADS-TEC Energy’s historical non-IFRS financial measures to their most directly comparable IFRS measures has been provided in the financial statement tables included in this press release, and investors are encouraged to review these reconciliations.

Financial Statements

Unaudited interim condensed consolidated statements of comprehensive income

Due to rounding, the sum of the numbers presented in the table above might not precisely equal the totals we provide.

Unaudited interim condensed consolidated statements of financial position

Due to rounding, the sum of the numbers presented in the table above might not precisely equal the totals we provide.

Due to rounding, the sum of the numbers presented in the table above might not precisely equal the totals we provide.

Unaudited interim condensed consolidated statements of cash flows

For the six months ended June 30:

Due to rounding, the sum of the numbers presented in the table above might not precisely equal the totals we provide.

Consolidated

ADS-TEC Energy Investor Relations –
Cary Segall
ADS-TEC Energy
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+1 845-224-8180

Media – United States:
Scott Gamm
Strategy Voice Associates
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ADS-TEC Energy Europe:
Dennis Müller
SVP Product Marketing & Communication
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DUBLIN--(BUSINESS WIRE)--The "Hybrid Train Market by Propulsion Type (Electro Diesel, Battery Operated, Hydrogen, CNG, LNG, and Solar), Application (Passenger and Freight), Operating Speed (>100 km/h, 100-200 km/h, <200 km/h), Battery Technology and Region - Global Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.

The global hybrid train market size is projected to reach 745 units by 2030, from an estimated 470 units in 2022, at a CAGR of 5.9%.

The battery powered segment is expected to be the second-fastest propulsion segment in the forecast.

The battery-powered train propulsion has a powertrain that consists of different motors and batteries. These batteries can be charged either by overhead wires or at charging stations. The battery-powered trains are efficient as they have the advantage of lower installation and operating costs than conventional diesel trains. These trains are also noiseless in operation and do not have exhaust, which fulfills the need for emission-free railway operations.

These trains are 80-90% efficient when it comes to recyclability. Generally, Lithium-Ion batteries are used in battery-powered trains around the world. For instance, In January 2021, BNSF and Wabtec Corporation is working on the future potential of battery-electric locomotives and they begin testing between Barstow and Stockton, California.

The freight segment is expected to be the fastest-growing application segment during the forecast period.

Freight transportation accounts for the fastest market in the hybrid train market owing to the increase in freight transportation by rail especially in Europe. For instance, in June 2022, CRRC (China) announced HXN6 hybrid locomotives, which can reduce fuel consumption by 30% to 50%, reduce exhaust emission by 40% to 80%, and reduce the noise impact time of the diesel engine by more than 80%. the HXN6 hybrid locomotive also has a very strong traction performance. Under the shunting operation condition of a single-locomotive, it can haul more than 10,000 tons of cargo. Also, due to the benefit of cost-effective and efficient transportation of passengers accounts for the largest market in 2022 owing to several cities that are implementing new rail infrastructure projects with the aim of reducing road congestion and providing an affordable means of transportation at an intercity as well as intracity level. Increasing urbanization and the growing demand for increased connectivity, comfort, reliability, and safety will boost the demand for hybrid trains. As of 2022, most of the hybrid train projects or operations are related to the passenger segment, as freight transportation requires powerful trains and hybrid train technologies are still in their initial stage to be able to cater to the freight transport demand. For instance, in September 2021, Alstom's Coradia iLint train, the first in the world to be powered by hydrogen is deployed in France for passenger transportation. Considering these developments hybrid train market will provide growth opportunities in near future.

Increasing demand for rapid transportation and advancement in hybrid technologies will drive the above 200 km/h segment.

Electric propulsion is principally used for achieving more than 200 km/h speed. Thus, operational trains having more than 200 km/h speed are propelled by electric propulsion and are powered by dual propulsion. Currently, hybrid trains operating at speeds above 200 km/h account for a less share. The consistent advancement in train technologies is expected to push the growth of hybrid trains with a speed of more than 200 km/h in the coming years. The rapid technological developments in the railway industry are encouraging train manufacturers to invest more in R&D, which is driving the hybrid train market.

Market Dynamics

Drivers

• Demand for Energy-Efficient and Less Polluting Train Operations
• Benefits of Hybrid Trains Over Conventional Diesel Trains
• Rising Demand for Energy-Efficient Transport

Restraints

• High Development Cost and Complexities in Technologies and Related Infrastructure
• Refurbishment of Existing Trains

Opportunities

• Development of Hydrogen Fuel Cell Locomotives
• Development of Battery Operated Trains
• Development of Solar Power Trains
• Increasing Railway Operations in Industrial and Mining Activities

Challenges

• Requirement of High R&D Investments
• High Cost of Charging Infrastructure and Replacement

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Hybrid Train Market, by Battery Technology

7 Hybrid Train Market, by Application

8 Hybrid Train Market, by Operating Speed

9 Hybrid Train Market, by Propulsion

10 Hybrid Train Market, by Region

11 Competitive Landscape

12 Company Profiles

13 Analyst's Recommendations

14 Appendix

Companies Mentioned

• ABB
• Alstom
• Ballard
• BNSF
• Chart Industries
• Construcciones Y Auxiliar De Ferrocarriles (CAF)
• CRRC
• Cummins
• DB Cargo
• Etihad Rail
• Hitachi
• Hyundai Rotem Company
• Kawasaki Heavy Industries
• Mitsubishi Electric Corporation
• Renfe Operadora
• Rolls-Royce
• Siemens
• Sinara Transport Machines
• Skoda Transportation
• SNCF
• Stadler Rail Ag
• The Kinki Sharyo Co., Ltd.
• Toshiba
• Vivarail
• Wabtec Corporation (GE Transportation)

For more information about this report visit https://www.researchandmarkets.com/r/buakdl

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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5 x C65 System Will Provide Low-Emissions and Reliable Power at a Remote Site

LOS ANGELES--(BUSINESS WIRE)--$CGRN #CleanPower--Capstone Green Energy Corporation (NASDAQ: CGRN), a global leader in carbon reduction and on-site resilient green energy solutions, announced that Horizon Power Systems, the Company's exclusive distributor for the Rocky Mountains in the U.S. and Western Canada, has secured an order for five Capstone C65 microturbines to be installed at a remote natural gas wellsite in northwestern Colorado. The customer is a natural gas producer operating in one of the largest natural gas basins in the U.S. The system is expected to be commissioned and operational in late 2022.

Fueled by high-pressure natural gas (HPNG) produced on-site, the system will provide power to a saltwater disposal (SWD) facility at the wellsite. The microturbines will operate in dual mode, seamlessly transitioning from continuous power to standby when needed.

Rather than overhaul an old diesel-fueled reciprocating engine that emitted high levels of greenhouse gases, the producer turned to Capstone's microturbine technology. In this extremely remote and challenging high-altitude environment, the microturbines will provide very high reliability, withstand harsh weather conditions, and require minimal maintenance compared to traditional reciprocating engines.

Choosing Capstone met another key customer requirement: low emissions. As the first state in the U.S. to require oil and gas producers to reduce methane emissions, Colorado has implemented strict standards, which the Capstone microturbines exceed. For added flexibility, Horizon Power Systems is fabricating a skid that will make it easy to transport the system to other wellsites. The skid will be able to accommodate another microturbine in the future when needed.

"The producer is committed to using clean power at its wellsites," said Sam Henry, President of Horizon Power Systems. "Capstone microturbines are much easier and less costly than reciprocating engines to maintain. The producer won't spend money on oil, diesel fuel, parts, and employee time each month to maintain the engine. Instead, the lower maintenance costs of microturbines can increase the gas producer's bottom line."

"Overall, oil and natural gas prices remain elevated due to a relatively constructive demand picture, supply uncertainty and the geopolitical premium from Russia's invasion of Ukraine," said Darren Jamison, Chief Executive Officer of Capstone Green Energy. "These elevated prices and pressure to decarbonize the oil and gas industry are leading to more opportunities for our innovative low emission products," concluded Jamison.

About Horizon Power Systems

For over 20 years, Horizon Power Systems has worked exclusively with Capstone Green Energy to provide microturbine systems across the Rocky Mountain States and in Western Canada. It has installed over 1,000 microturbines that have logged millions of documented runtime operating hours. Whether for CHP, trigeneration (CCHP), microgrids, or prime power, the Horizon Power Systems team customizes each microturbine system to meet the customer's unique power and sustainability needs.

About Capstone Green Energy

Capstone Green Energy (NASDAQ: CGRN) is a leading provider of customized microgrid solutions and on-site energy technology systems focused on helping customers around the globe meet their environmental, energy savings, and resiliency goals. Capstone Green Energy focuses on four key business lines. Through its Energy as a Service (EaaS) business, it offers rental solutions utilizing its microturbine energy systems and battery storage systems, comprehensive Factory Protection Plan (FPP) service contracts that guarantee life-cycle costs, as well as aftermarket parts. Energy Generation Technologies (EGT) are driven by the Company's industry-leading, highly efficient, low-emission, resilient microturbine energy systems offering scalable solutions in addition to a broad range of customer-tailored solutions, including hybrid energy systems and larger frame industrial turbines. The Energy Storage Solutions (ESS) business line designs and installs microgrid storage systems creating customized solutions using a combination of battery technologies and monitoring software. Through Hydrogen & Sustainable Products (H2S), Capstone Green Energy offers customers a variety of hydrogen products, including the Company's microturbine energy systems.

To date, Capstone has shipped over 10,000 units to 83 countries and estimates that in FY22, it saved customers over $213 million in annual energy costs and approximately 388,000 tons of carbon. Total savings over the last four years are estimated to be approximately $911 million in energy savings and approximately 1,503,100 tons of carbon savings.

For customers with limited capital or short-term needs, Capstone offers rental systems; for more information, contact: This email address is being protected from spambots. You need JavaScript enabled to view it..

For more information about the Company, please visit www.CapstoneGreenEnergy.com. Follow Capstone Green Energy on Twitter, LinkedIn, Instagram, Facebook, and YouTube.

Cautionary Note Regarding Forward-Looking Statements

This release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995, including statements regarding the Company's target for growth of its rental fleet and other statements regarding the Company's expectations, beliefs, plans, intentions, and strategies. The Company has tried to identify these forward-looking statements by using words such as "expect," "anticipate," "believe," "could," "should," "estimate," "intend," "may," "will," "plan," "goal" and similar terms and phrases, but such words, terms and phrases are not the exclusive means of identifying such statements. Actual results, performance and achievements could differ materially from those expressed in, or implied by, these forward-looking statements due to a variety of risks, uncertainties and other factors, including, but not limited to, the following: the sufficiency of the Company's working capital to meet its rental fleet growth target; the ongoing effects of the COVID-19 pandemic; the availability of credit and compliance with the agreements governing the Company's indebtedness; the Company's ability to develop new products and enhance existing products; product quality issues, including the adequacy of reserves therefor and warranty cost exposure; intense competition; financial performance of the oil and natural gas industry and other general business, industry and economic conditions; the Company's ability to adequately protect its intellectual property rights; and departures and other changes in management and other key employees. For a detailed discussion of factors that could affect the Company's future operating results, please see the Company's filings with the Securities and Exchange Commission, including the disclosures under "Risk Factors" in those filings. Except as expressly required by the federal securities laws, the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, changed circumstances or future events, or for any other reason.

Capstone Green Energy
Investor and investment media inquiries:
818-407-3628
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The international conference to discuss innovation, the key to solving global warming with experts from industry, academia, and government from the world
Date and Time: 8:30-18:35, Wednesday, October 5 / 9:00-17:00, Thursday, October 6
Venue: Hotel Chinzanso Tokyo, Online

TOKYO--(BUSINESS WIRE)--Ministry of Economy, Trade and Industry (METI) and New Energy and Industrial Technology Development Organisation (NEDO) invite participants on hosting the international conference “Innovation for Cool Earth Forum 9^th Annual Meeting (ICEF2022)” which brings experts of industry, academia and governments from the world together to discuss and promote “innovation” as the key to solving global warming, at Hotel Chinzanso Tokyo and On-line.

ICEF is an international conference for discussing among industry-academia-government leaders around the world to promote “INNOVATION”, the key to solving global warming. The conference will feature discussions among private sector, academic, and government officials with expertise, who will present and share their latest knowledge of social and technological innovation.

ICEF2022 will be held under the theme of "Low-Carbon Innovation in a Time of Crises," with speakers including TANAKA Nobuo, Chair of ICEF Steering Committee and Former Executive Director of International Energy Agency (IEA), Ahmad O. Al-Khowaiter, CTO (Chief Technology Officer) of Saudi Aramco, and other leading experts from various fields, as we need to move forward to a brighter future even in a time of crises. In addition, young researchers of the front line will join the session to share the latest knowledge on climate change countermeasures and discuss about the innovation which is the key to solving global warming, including “CDR (Carbon Dioxide Removal technology)” mentioned at the G7 Climate, Energy, and Environment Ministerial Meeting, “critical metals and minerals” contributing to carbon neutrality which will be featured in ICEF for the first time, and discussions on decarbonization from a political perspective.

The mission of ICEF is to bring the opportunity to share the knowledge with leading experts from around the world, promote discussion and cooperation among participants, and disseminate innovation in energy/environmental technology to a wider audience than just the participants. Also, ICEF promotes gender equality and youth engagement based on our awareness that diversification is the origin of innovation.
Participants will have a valuable opportunity to interact with leading experts in respective fields and be exposed to the forefront of technological innovation in Japan and around the world.

[Program Overview]

Wednesday, October 5
9:30-10:15 Opening Session/Keynote 1

10:25-11:40 Plenary Session 1
Policy Innovation
In order to achieve carbon neutrality by the mid-21st century, accelerating actions by 2030 is strongly required. Due to the current state of global affairs and rapid shift to renewable energy resulting in high energy price, energy security in each nation is at risk of being jeopardized. While some nations have accelerated renewable energy use because of the high energy price, other nations with heavy reliance on fossil fuels will have to take necessary actions to balance its energy security and further decarbonization.
In this session, policy innovation surrounding broad issues such as global affairs and international energy trade will be discussed.

• Moderator:
  • TANAKA Nobuo
    Chair, Innovation for Cool Earth Forum (ICEF) Steering Committee;
    Former Executive Director, International, Energy Agency (IEA)
  • Adnan Z. Amin
    Innovation for Cool Earth Forum (ICEF) Steering Committee;
    Director General Emeritus IRENA;
    Senior Adviser to COP 28 President
    
    

13:50-15:00 Technology Session 1
Demand-driven Energy Transformation
This session discusses energy transformation of the demand-side by encouraging behavioral changes in energy consumers. The demand-driven energy transformation primarily involves energy efficiency improvement and renewable energy expansion. The discussion focuses specifically on technologies and policy frameworks to assist behavioral change in enhancing energy efficiency and utilizing renewable energy, and social innovation to help the energy demand to be controlled. The session also touches on how the energy consumers could affect the supply-side business. The panelists will share information and knowledge on technologies, innovations, and policies to nudge the consumers toward energy transformation.

• Moderator:
  • KURODA Reiko
    Innovation for Cool Earth Forum (ICEF) Steering Committee;
    Designated Professor, Frontier Research Institute, Chubu University;
    Professor Emeritus, The University of Tokyo
  • YAMAJI Kenji
    Innovation for Cool Earth Forum (ICEF) Steering Committee;
    President, Research Institute of Innovative Technology for the Earth (RITE);
    Professor Emeritus, The University of Tokyo
    
    

15:15-16:15 Technology Session 2
Actions Needed for Realizing Carbon Neutrality in Heat and Transport Sectors with Hydrogen and E-fuel/E-methane
In hard-to-abate sectors, expectations for hydrogen and synthetic fuels (e-fuel and e-methane) have been growing. For instance, synthetic fuels made from CO2 and hydrogen are expected to play an important role in various sectors such as transport, industry, and household. In particular, electrification on its own will not be enough for decarbonizing the transport sector.
The uptake of hydrogen and synthetic fuels remains limited and faces challenges, and especially so in the transport sector, where it has the highest dependency on fossil fuels than any other sectors.
This session will discuss the latest trends and challenges of hydrogen and synthetic fuels, and what can be achieved by 2030 in order to realize carbon neutrality, mainly focusing on the viewpoint of the supply side to the transport, industry, and household sectors.

• Moderator:
  • Georg Erdmann
    Innovation for Cool Earth Forum (ICEF) Steering Committee;
    Retired Professor for Energy Systems, Berlin University of Technology;
    President of the Board, KSB Energie AG, Berlin
  • Vikram Singh Mehta
    Innovation for Cool Earth Forum (ICEF) Steering Committee;
    Chairman, Center for Social and Economic Progress (CSEP) Research Foundation
    
    

16:30-17:45 Plenary Session 2
Energy Transition Leaving Nobody Behind
More than 100 countries have pledged their own Carbon Neutrality (CN), however there are different approaches in each country for realizing the goal. A holistic approach to tackle both the climate change issue and economic development is required to achieve CN on the global scale. We should also consider if rapid mitigation measures such as the sudden mass installation of renewable energy could accelerate the deterioration of energy security, raise unemployment for fossil fuel industry workers, and so on. The pathway to CN in each country is not the same for all countries, but each needs a local, comprehensive transition approach which incorporates an effective fossil fuel policy, industry policy, and environmental policy. This session discusses the compatibility of economic development and carbon neutrality, and the balance between climate change policy and other policies to minimize adverse economic and social impacts. Possible specific actions until 2030 will be explored.

• Moderator:
  • Jon Moore
    Innovation for Cool Earth Forum (ICEF) Steering Committee;
    Chief Executive Officer, BloombergNEF
  • Hoesung Lee
    Innovation for Cool Earth Forum (ICEF) Steering Committee;
    Chair of the Intergovernmental Panel on Climate Change (IPCC);
    Endowed Chair Professor, Graduate School of Energy and Environment, Korea University
  • Vikram Singh Mehta
    Innovation for Cool Earth Forum (ICEF) Steering Committee;
    Chairman, Center for Social and Economic Progress (CSEP) Research Foundation
    
    

Thursday, October 6
9:00-9:20 Keynote 2

9:40-10:40 Technology Session 3
Carbon Dioxide Removable Technologies
Commitment to achieving carbon neutrality in 2050 has accelerated development and investment in economically and technically available carbon dioxide removal technologies that utilize engineering-based technology and natural resources, such as forests, soil, and ocean.
The latest IPCC AR6 WG3 report published in April 2022 mentioned that carbon removal technologies would become essential in achieving net negative carbon emissions.
However, to promote the deployment of carbon dioxide removal technologies, we need to develop methodologies for quantifying and certifying carbon removal from the atmosphere using such technologies and for ecological impact assessment.
In this session, we will discuss good governance for avoiding conflict with food production and the challenges and possible solutions related to MRV (Monitoring, Reporting, and Verification) of carbon removal using carbon dioxide removal technologies.

• Moderator:
  • David Sandalow
    Innovation for Cool Earth Forum (ICEF) Steering Committee;
    Inaugural Fellow, Center on Global Energy Policy, Columbia University;
    Co-Director, Energy and Environment Concentration, School of International and Public Affairs, Columbia University
  • Ismail Serageldin
    Innovation for Cool Earth Forum (ICEF) Steering Committee;
    Emeritus Librarian of Alexandria;
    Founding Director of the Library of Alexandria
  • Sally M. Benson
    Innovation for Cool Earth Forum (ICEF) Steering Committee;
    Professor, Department of Energy Resources Engineering, School of Earth, Energy & Environmental Sciences, Stanford University;
    Former Co-Director, Precourt Institute for Energy, Stanford University
    
    

11:00-12:00 Technology Session 4
Sustainable Nuclear Systems
The amount of greenhouse gas tentatively reduced by COVID19 turned to increase again. Giving such a situation, a lot of measures are required to realize carbon neutral in the world. Importance of energy security increased along with the changing international situation. In such a situation, discussion of the importance of nuclear energy increased again.
On the other hand, sustainable conditions of radioactive waste such as sustainability requirements and design along with local communities are required for propelling nuclear energy.
In this session, we will summarize the research and development of nuclear energy and discuss sustainable nuclear system in the context of the timeframe aimed at carbon neutrality by 2050.

• Moderator:
  • Richard K. Lester
    Innovation for Cool Earth Forum (ICEF) Steering Committee;
    Associate Provost, Massachusetts Institute of Technology
  • TANAKA Nobuo
    Chair, Innovation for Cool Earth Forum (ICEF) Steering Committee;
    Former Executive Director, International, Energy Agency (IEA)
  • Eija-Riitta Korhola
    Innovation for Cool Earth Forum (ICEF) Steering Committee;
    Delegate of the Consultative Commission on Industrial Change;
    Advisor in the EU Affairs
    
    

13:30-13:45 Keynote 3

14:00-15:15 Technology Session 5
How to Secure a Sustainable Value Chain in the Age of Resilience: Critical Metals and Minerals?
We have witnessed successes and innovations in diversifying suppliers, sourcing/resourcing alternative materials, realizing a circular economy and design and redesign with alternatives. Yet, at the same time, our commitment and plans to achieve net zero carbon emissions are being challenged by increasing geopolitical complexity and perplexities, intensified climate change, pollution and loss of nature, long-standing justice and equality questions, in particular around land use and land rights of indigenous communities. Therefore, more urgently than ever, we need to gather collective wisdom and partnerships not only across the supply chain but also beyond it to rethink, redesign and reshape the value chain, and thus meet the challenges and demand of the marketplace and the clean energy and industrial revolution.
In light of the situation, this session will focus on innovations for securing a stable supply of critical metals and minerals in the context of achieving carbon neutrality, while considering the value chain from the production phase, impacts of international trends, alternative materials, and the circular economy.

• Moderator:
  • Changhua Wu
    Innovation for Cool Earth Forum (ICEF) Steering Committee;
    China Director, Office of Jeremy Rifkin;
    Executive Director, Professional Association for China’s Environment;
    Chief Strategist, CN Innovation;
    Vice Chair, Governing Council, Asia Pacific Water Forum
  • David Sandalow
    Innovation for Cool Earth Forum (ICEF) Steering Committee;
    Inaugural Fellow, Center on Global Energy Policy, Columbia University;
    Co-Director, Energy and Environment Concentration, School of International and Public Affairs, Columbia University
  • Valli Moosa
    Innovation for Cool Earth Forum (ICEF) Steering Committee;
    Head of the South African Presidential Climate Commission;
    Former President of the International Union for Conservation of Nature and Natural Resources (IUCN) Chairman, Center for Social and Economic Progress (CSEP) Research Foundation
    
    

15:30-16:30 Summarising Session

16:30-17:00 Closing Session

[For inquiries from attendees]
The ICEF2022 Secretariat (c/o Japan Convention Services, Inc.)
e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

[For inquiries from media members]
The ICEF2022 Secretariat: NAKAI Hiroe, SHIBAHARA Yuki
e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
TEL: +81-3-5510-7656

NORWELL, Mass.--(BUSINESS WIRE)--Clean Harbors, Inc. (“Clean Harbors”) (NYSE: CLH), the leading provider of environmental and industrial services throughout North America, today announced that Chief Financial Officer Michael L. Battles, and SVP of Investor Relations Jim Buckley will be participating in the 21st Annual D.A. Davidson Diversified Industrials and Services Conference.

Clean Harbors’ fireside chat will take place at 5:15 p.m. ET on Thursday, September 22, 2022, and will be webcast live. To access the live or archived webcast, visit the “Investor Relations” portion of Clean Harbors’ website at www.cleanharbors.com.

About Clean Harbors

Clean Harbors (NYSE: CLH) is North America’s leading provider of environmental and industrial services. The Company serves a diverse customer base, including a majority of Fortune 500 companies. Its customer base spans a number of industries, including chemical, energy and manufacturing, as well as numerous government agencies. These customers rely on Clean Harbors to deliver a broad range of services such as end-to-end hazardous waste management, emergency spill response, industrial cleaning and maintenance, and recycling services. Through its Safety-Kleen subsidiary, Clean Harbors also is North America’s largest re-refiner and recycler of used oil and a leading provider of parts washers and environmental services to commercial, industrial and automotive customers. Founded in 1980 and based in Massachusetts, Clean Harbors operates in the United States, Canada, Mexico, Puerto Rico and India. For more information, visit www.cleanharbors.com and follow us on LinkedIn, Facebook and Twitter.

Michael L. Battles
EVP and Chief Financial Officer
Clean Harbors, Inc.
781.792.5100
This email address is being protected from spambots. You need JavaScript enabled to view it.

Jim Buckley
SVP Investor Relations
Clean Harbors, Inc.
781.792.5100
This email address is being protected from spambots. You need JavaScript enabled to view it.

Presentation on September 13, 2022, at 11:00 a.m. ET

LOS ANGELES--(BUSINESS WIRE)--$CGRN #CCHP--Capstone Green Energy Corporation (NASDAQ: CGRN), a global leader in carbon reduction and on-site resilient green Energy as a Service (EaaS) solutions, will be featured as a presenting company at the H.C. Wainwright Global Investment Conference. Darren Jamison, President and Chief Executive Officer of Capstone Green Energy, will present in person at the conference on Tuesday, September 13, 2022, at 11:00 a.m. ET.

H.C. Wainwright & Co. is hosting its 24^th Annual Global Investment Conference as a hybrid event from September 12-14, 2022. The in-person venue for the event is the Lotte Palace Hotel in New York City. Virtual participation will be staged simultaneously with over 500 company presentations scheduled as a live feed or available on-demand.

If you are a professional investor and would like to listen to the Company’s presentation, please click on the following link (https://hcwevents.com/annualconference) to register for the conference.

“I am looking forward to returning to New York City, particularly to present at a hotel that uses Capstone technology. The Lotte Palace is a fabulous venue that has 12 C65 ICHP Dual Mode Capstone microturbines on its rooftop that produce hot and cold water for the hotel,” stated Darren Jamison, President and CEO of Capstone Green Energy. “The CCHP system has reduced the Lotte New York Palace Hotel’s carbon footprint by 481 tons per year by recapturing the thermal energy it produces and deploying the recovered heat on site. The system also reduces the building’s operating expenses as well as its reliance on the grid with integrated onsite generation capabilities. Of course, I am also eager to meet with investors in person and virtually to share more about Capstone’s evolving business and review the Company’s sales growth forecasts.”

One-on-One Meetings

Darren Jamison, Capstone’s President & Chief Executive Officer, will be conducting one-on-one meetings with qualified professional investors throughout the conference day on September 13, 2022. To register and schedule a time with management, please get in touch with This email address is being protected from spambots. You need JavaScript enabled to view it. or register HERE.

An audio webcast of this event and supporting materials will be available on the Investor Relations section of Capstone Green Energy’s website located HERE. A replay of the webcast will be available for 90 days after the presentation date.

About H.C. Wainwright & Co.

H.C. Wainwright is a full‐service investment bank dedicated to providing corporate finance, strategic advisory and related services to public and private companies across multiple sectors and regions. H.C. Wainwright & Co. also provides research and sales and trading services to institutional investors. According to Sagient Research Systems, H.C. Wainwright’s team is ranked as the #1 Placement Agent in terms of aggregate CMPO (confidentially marketed public offering), RD (registered direct offering) and PIPE (private investment in public equity) executed cumulatively since 1998.

For more information, visit H.C. Wainwright & Co., on the web at www.hcwco.com.

About Capstone Green Energy

Capstone Green Energy (NASDAQ: CGRN) is a leading provider of customized microgrid solutions and on-site energy technology systems focused on helping customers around the globe meet their environmental, energy savings, and resiliency goals. Capstone Green Energy focuses on four key business lines. Through its Energy as a Service (EaaS) business, it offers rental solutions utilizing its microturbine energy systems and battery storage systems, comprehensive Factory Protection Plan (FPP) service contracts that guarantee life-cycle costs, as well as aftermarket parts. Energy Generation Technologies (EGT) are driven by the Company's industry-leading, highly efficient, low-emission, resilient microturbine energy systems offering scalable solutions in addition to a broad range of customer-tailored solutions, including hybrid energy systems and larger frame industrial turbines. The Energy Storage Solutions (ESS) business line designs and installs microgrid storage systems creating customized solutions using a combination of battery technologies and monitoring software. Through Hydrogen & Sustainable Products (H2S), Capstone Green Energy offers customers a variety of hydrogen products, including the Company's microturbine energy systems.

To date, Capstone has shipped over 10,000 units to 83 countries and estimates that in FY22, it saved customers over $213 million in annual energy costs and approximately 388,000 tons of carbon. Total savings over the last four years are estimated to be approximately $911 million in energy savings and approximately 1,503,100 tons of carbon savings.

For customers with limited capital or short-term needs, Capstone offers rental systems; for more information, contact: This email address is being protected from spambots. You need JavaScript enabled to view it..

For more information about the Company, please visit www.CapstoneGreenEnergy.com. Follow Capstone Green Energy on Twitter, LinkedIn, Instagram, Facebook, and YouTube.

Cautionary Note Regarding Forward-Looking Statements

This release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995, including statements regarding the Company's target for growth of its rental fleet and other statements regarding the Company's expectations, beliefs, plans, intentions, and strategies. The Company has tried to identify these forward-looking statements by using words such as "expect," "anticipate," "believe," "could," "should," "estimate," "intend," "may," "will," "plan," "goal" and similar terms and phrases, but such words, terms and phrases are not the exclusive means of identifying such statements. Actual results, performance and achievements could differ materially from those expressed in, or implied by, these forward-looking statements due to a variety of risks, uncertainties and other factors, including, but not limited to, the following: the sufficiency of the Company's working capital to meet its rental fleet growth target; the ongoing effects of the COVID-19 pandemic; the availability of credit and compliance with the agreements governing the Company's indebtedness; the Company's ability to develop new products and enhance existing products; product quality issues, including the adequacy of reserves therefor and warranty cost exposure; intense competition; financial performance of the oil and natural gas industry and other general business, industry and economic conditions; the Company's ability to adequately protect its intellectual property rights; and departures and other changes in management and other key employees. For a detailed discussion of factors that could affect the Company's future operating results, please see the Company's filings with the Securities and Exchange Commission, including the disclosures under "Risk Factors" in those filings. Except as expressly required by the federal securities laws, the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, changed circumstances or future events, or for any other reason.

Capstone Green Energy
Investor and investment media inquiries:
818-407-3628
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HOUSTON--(BUSINESS WIRE)--Western Midstream Partners, LP (NYSE: WES) today announced that its 2021 Schedule K-3 reflecting items of international tax relevance is available online. Unitholders requiring this information may access their Schedules K-3 at www.taxpackagesupport.com/westernmidstream.

A limited number of unitholders (primarily foreign unitholders, unitholders computing a foreign tax credit on their tax return and certain corporate and/or partnership unitholders) may need the detailed information disclosed on Schedule K-3 for their specific reporting requirements. To the extent Schedule K-3 is applicable to your federal income tax return filing needs, we encourage you to review the information contained on this form and refer to the appropriate federal laws and guidance or consult with your tax advisor.

To receive an electronic copy of your Schedule K-3 via email, unitholders may call Tax Package Support toll free at 833-618-2034.

ABOUT WESTERN MIDSTREAM

Western Midstream Partners, LP (“WES”) is a Delaware master limited partnership formed to acquire, own, develop, and operate midstream assets. With midstream assets located in the Rocky Mountains, North-central Pennsylvania, Texas, and New Mexico, WES is engaged in the business of gathering, compressing, treating, processing, and transporting natural gas; gathering, stabilizing, and transporting condensate, NGLs, and crude oil; and gathering and disposing of produced water for its customers. In addition, in its capacity as a processor of natural gas, WES also buys and sells natural gas, NGLs, and condensate on behalf of itself and as an agent for its customers under certain of its contracts.

For more information about Western Midstream Partners, LP and Western Midstream Flash Feed updates, please visit www.westernmidstream.com.

WESTERN MIDSTREAM CONTACTS

Daniel Jenkins
Director, Investor Relations
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832.636.1009

Shelby Keltner
Manager, Investor Relations
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832.636.1009

DALLAS--(BUSINESS WIRE)--Primoris Services Corporation (NASDAQ Global Select: PRIM) (“Primoris” or the “Company”) announced today that the Company’s management team will participate in two institutional investor conferences in September, the 2022 RBC Global Industrials Conference and the DA Davidson 21^st Annual Diversified Industrials and Services Conference.

• September 13: 2022 RBC Global Industrials Conference
• September 22: DA Davidson 21^st Annual Diversified Industrials & Services Conference

A copy of the Company’s presentation for each conference will be posted to the Company’s Investor Relations section of its website, www.primoriscorp.com, before the opening of trading on the NASDAQ on the day of each conference.

ABOUT PRIMORIS

Primoris Services Corporation is a leading specialty contractor providing critical infrastructure services to the utility, energy/renewables and pipeline services markets throughout the United States and Canada. The Company supports a diversified base of blue-chip customers with engineering, procurement, construction and maintenance services. A focus on multi-year master service agreements and an expanded presence in higher-margin, higher-growth markets such as utility-scale solar facility installations, renewable fuels, power delivery systems and communications infrastructure have also increased the Company’s potential for long-term growth. Additional information on Primoris is available at www.primoriscorp.com.

Blake Holcomb
Vice President, Investor Relations
Primoris Services Corporation
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Cloud software vendors join forces for leadership in Solar and Residential Real Estate

OAKLAND, Calif.--(BUSINESS WIRE)--FotoNotes, a leader in mobile software for residential property field operations, announced today that it has acquired SiteCapture, the Solar industry's leading field operations platform. In addition, FotoNotes announced a name change for the combined entity to SiteCapture, to better represent the company's product offering. With this acquisition, SiteCapture will offer the most comprehensive, purpose-built mobile field operations software for the Solar, Residential Real Estate and Property Management industries.

Kamal Shah, founder and CEO of FotoNotes, will continue as CEO of SiteCapture, while Christopher Doyle, founder of SiteCapture, has joined the board of directors.

“FotoNotes and SiteCapture are long-time partners, achieving substantial success in our respective industries,” said Kamal Shah, CEO of SiteCapture. “This is the natural next strategic step in our mission to deliver the best field operations software platform for Solar, Residential Property and other field-service intensive industries.”

SiteCapture eliminates the inefficiencies in capturing and managing critical data and photos on every field service job. With SiteCapture, companies need only one application to manage their entire range of field activities – driving down costs by 10-20 percent, while cutting reporting time by up to 75 percent. SiteCapture is scalable and easily configurable, and has been used to complete more than 5 million jobs and capture more than 100 million photos.

“We launched SiteCapture to help streamline and lower costs in the solar installation process,” said Christopher Doyle, former CEO and Founder of SiteCapture. “The combined entity will bring even better technology to the solar industry to further support our founding mission of improving solar processes.”

About SiteCapture

SiteCapture is the leading field operations software platform for Solar and Single Family Residential Real Estate. The company provides a mobile and cloud software platform that streamlines all field activities, providing huge savings in time and costs for solar installers, property managers, property services and construction companies. SiteCapture has been used to complete more than 5 million jobs and capture more than 100 million photos, since its launch in 2012. The company was founded by Kamal Shah, a serial entrepreneur with more than 30 years of experience building software solutions for the enterprise. For more information, visit www.sitecapture.com.

Media Contact:
David Finkelstein
The DFI Group
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(416) 300-4150

Superior Revenue Growth Earns Coveted Recognition Among America’s Fastest-Growing Companies

DENVER--(BUSINESS WIRE)--#alternativeenergy--Solar America, the leading solar and alternative energy company, has been recognized as one of America’s fastest-growing companies with a coveted spot on the Inc. 5000 2022 rankings. America's leading provider of solar, smart home, and security solutions, the accolade is the result of impressive and continued growth during the past three years.

The award recognizes Solar America’s outstanding growth and success by ranking the company at a time when the U.S. solar industry saw record solar and energy storage demand in 2021 despite concerns over supply chain interruptions and tariff investigations. As a result, Solar America has had one of its most successful years in business.

Solar America operates a national marketplace for solar, partnering with the top solar installers in the nation. The company connects people to the clean energy marketplace by giving them choices. More information is at https://solaramerica.io/.

The list represents a one-of-a-kind look at the most successful companies within the economy’s most dynamic segment—its independent businesses. Each of the companies on the 2022 Inc. 5000 have achieved consistent substantial successful revenue growth and demonstrated distinctive resilience amid supply chain woes, labor shortages, and the ongoing impact of Covid-19. Among the top 500 companies on the list, the average median three-year revenue growth rate soared to 2,144 percent. Together, those companies added more than 68,394 jobs over the past three years. First published in 2007, the rankings were built on of the success of the publisher’s famous Inc. 500 list of top companies, first introduced in 1982. Complete results of the Inc. 5000 can be found at www.inc.com/inc5000.

“The accomplishment of building one of the fastest-growing companies in the U.S., in light of recent economic roadblocks, cannot be overstated,” says Scott Omelianuk, editor-in-chief of Inc. “Inc. is thrilled to honor the companies that have established themselves through innovation, hard work, and rising to the challenges of today.”

The Inc. 5000 ranking is now a sought-after hallmark of entrepreneurial success that is often compared with the famous Fortune 500 list and has previously honored leading household brand names including Pandora, 7-Eleven, Zipcar, and Zappos.com and has become a distinguished editorial awards presentation, a celebration of innovation, and an effective public relations showcase. First published in 2007, the rankings were built on of the success of the publisher’s famous Inc. 500 list of top companies, first introduced in 1982.

About Solar America

Headquartered in Denver, CO, Solar America operates a national marketplace for solar, partnering with the top solar installers in the nation. The company connects people to the clean energy marketplace by giving them choices. More information is at https://solaramerica.io/.

NetReputation.com
Peter Bylsma
310-795-8532
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SAN ANTONIO--(BUSINESS WIRE)--Valero Energy Corporation (NYSE: VLO, “Valero”) announced today the early tender results of its previously announced cash tender offers (the “Tender Offers”) to purchase its outstanding 3.650% Senior Notes due 2025 (the “3.650% 2025 Notes”), its outstanding 2.850% Senior Notes due 2025 (the “2.850% 2025 Notes”), its outstanding 3.400% Senior Notes due 2026 (the “3.400% 2026 Notes”), the outstanding 4.375% Senior Notes due 2026 issued by Valero Energy Partners LP and guaranteed by Valero (the “4.375% 2026 Notes”), its outstanding 4.000% Senior Notes due 2029 (the “4.000% 2029 Notes”), its outstanding 4.350% Senior Notes due 2028 (the “4.350% 2028 Notes”), the outstanding 4.500% Senior Notes due 2028 issued by Valero Energy Partners LP and guaranteed by Valero (the “4.500% 2028 Notes”), its outstanding 2.150% Senior Notes due 2027 (the “2.150% 2027 Notes”), its outstanding 6.625% Senior Notes due 2037 (the “6.625% 2037 Notes”), its outstanding 4.900% Senior Notes due 2045 (the “4.900% 2045 Notes”) and its outstanding 7.500% Senior Notes due 2032 (the “7.500% 2032 Notes” and, collectively with the 3.650% 2025 Notes, the 2.850% 2025 Notes, the 3.400% 2026 Notes, the 4.375% 2026 Notes, the 4.000% 2029 Notes, the 4.350% 2028 Notes, the 4.500% 2028 Notes, the 2.150% 2027 Notes, the 6.625% 2037 Notes and the 4.900% 2045 Notes, the “Notes”), and that it has increased the maximum aggregate principal amount for the Tender Offers from up to a maximum aggregate principal amount of $1,000,000,000 to up to a maximum aggregate principal amount of $1,250,000,000 (such increased maximum aggregate principal amount, the “Maximum Aggregate Principal Amount”). The terms and conditions of the Tender Offers are described in the Offer to Purchase, dated August 26, 2022 (the “Offer to Purchase”).

The following table sets forth certain information regarding the Tender Offers and the Notes that were validly tendered and not validly withdrawn at or prior to 5:00 p.m., New York City time, on September 9, 2022 (the “Early Tender Date”), as reported by D.F. King & Co., Inc., the tender and information agent for the Tender Offers.

The applicable total consideration for the Notes validly tendered and not validly withdrawn at or prior to the Early Tender Date and accepted for purchase will be determined in the manner described in the Offer to Purchase at 10:00 a.m., New York City time, on September 12, 2022, unless extended or earlier terminated.

Because the aggregate principal amount of Notes validly tendered and not validly withdrawn at or prior to the Early Tender Date has an aggregate principal amount that exceeds the Maximum Aggregate Principal Amount, Valero does not expect to accept for purchase all Notes that have been validly tendered and not validly withdrawn at or prior to the Early Tender Date. Rather, subject to the Maximum Aggregate Principal Amount, the Series Tender Caps (as defined in the Offer to Purchase) applicable to the 6.625% 2037 Notes and 7.500% 2032 Notes, respectively, and the acceptance priority levels set forth in the table above, in each case as further described in the Offer to Purchase, Valero will accept for purchase the 3.650% 2025 Notes, the 2.850% 2025 Notes, the 3.400% 2026 Notes, the 4.375% 2026 Notes, the 4.000% 2029 Notes and the 4.350% 2028 Notes validly tendered and not validly withdrawn at or prior to the Early Tender Date and does not expect to accept for purchase any 4.500% 2028 Notes, 2.150% 2027 Notes, 6.625% 2037 Notes, 4.900% 2045 Notes and 7.500% 2032 Notes. Valero expects to accept for purchase the 4.350% 2028 Notes validly tendered and not validly withdrawn at or prior to the Early Tender Date with a proration factor of approximately 31.7%. As a result, a holder who validly tenders and does not validly withdraw Notes pursuant to the Tender Offers may have all or a portion of its Notes returned to it.

Holders of Notes validly tendered and not validly withdrawn at or prior to the Early Tender Date, if accepted for purchase, will be eligible to receive the total consideration, which includes an Early Tender Payment of $30 per $1,000 principal amount of Notes validly tendered and not validly withdrawn by such holders and accepted for purchase by Valero. Payments for Notes accepted for purchase will include accrued and unpaid interest from the last interest payment date applicable to the relevant series of Notes up to, but not including, the settlement date for the Notes that are validly tendered and not validly withdrawn at or prior to the Early Tender Date and accepted for purchase by Valero (the “Early Settlement Date”). It is anticipated that the Early Settlement Date will be September 13, 2022.

The Tender Offers will expire at midnight, New York City time, at the end of September 23, 2022, unless extended or earlier terminated. Because the Tender Offers have been fully subscribed as of the Early Tender Date, holders who tender Notes after the Early Tender Date will not have any of their Notes accepted for purchase, unless Valero elects to increase or eliminate the Maximum Aggregate Principal Amount. Any Notes tendered after the Early Tender Date, together with any Notes tendered at or prior to the Early Tender Date but not accepted for purchase by Valero, will be returned to the holders thereof as described in the Offer to Purchase, unless Valero elects to increase or eliminate the Maximum Aggregate Principal Amount.

The withdrawal deadline for the Tender Offers was 5:00 p.m., New York City time, on September 9, 2022 and has not been extended. Accordingly, previously tendered Notes and Notes tendered after such withdrawal deadline may not be withdrawn, subject to applicable law.

Valero’s obligation to accept for payment and to pay for the Notes validly tendered and not validly withdrawn in the Tender Offers is subject to the satisfaction or waiver of a number of conditions described in the Offer to Purchase. The Tender Offers may be terminated or withdrawn in whole or terminated or withdrawn with respect to any series of the Notes, subject to applicable law. Valero reserves the right, subject to applicable law, to (1) waive any and all conditions to any of the Tender Offers, (2) extend or terminate any of the Tender Offers, (3) increase, decrease or eliminate the Maximum Aggregate Principal Amount and/or any Series Tender Cap with respect to a particular series or (4) otherwise amend any of the Tender Offers in any respect.

Valero has retained BofA Securities, Inc., Citigroup Global Markets Inc., J.P. Morgan Securities LLC and Wells Fargo Securities, LLC as dealer managers (the “Dealer Managers”) for the Tender Offers. Valero has retained D.F. King & Co., Inc. as the tender and information agent for the Tender Offers. For additional information regarding the terms of the Tender Offers, please contact: BofA Securities, Inc. at (888) 292-0070 (toll free) or (980) 387-3907 (collect); Citigroup Global Markets Inc. at (212) 723-6106 (collect) or (800) 558-3745 (toll free); J.P. Morgan Securities LLC at (866) 834-4666 (toll free) or (212) 834-3554 (collect); or Wells Fargo Securities, LLC at (866) 309-6316 (toll free) or (704) 410-4756 (collect). Requests for documents and questions regarding the tendering of securities may be directed to D.F. King & Co., Inc. by telephone at (212) 269-5550 (for banks and brokers only) or (800) 334-0384 (for all others, toll-free), by email at This email address is being protected from spambots. You need JavaScript enabled to view it. or to the Dealer Managers at their respective telephone numbers.

This announcement is for information purposes only and does not constitute a solicitation of an offer to sell or an offer to purchase any securities. The Tender Offers are being made only pursuant to the Offer to Purchase and only in such jurisdictions as is permitted under applicable law. None of Valero, the tender and information agent, the Dealer Managers or the trustees with respect to the Notes, nor any of their affiliates, makes any recommendation as to whether holders should tender or refrain from tendering all or any portion of their Notes in response to the Tender Offers.

Safe-Harbor Statement

Statements contained in this press release that state Valero’s or its management’s expectations or predictions of the future are forward-looking statements intended to be covered by the safe harbor provisions of the Securities Act of 1933 and the Securities Exchange Act of 1934. The words “anticipate,” “believe,” “expect,” “plan,” “intend,” “scheduled,” “estimate,” “project,” “projection,” “predict,” “budget,” “forecast,” “goal,” “guidance,” “target,” “could,” “would,” “should,” “may,” “strive,” “seek,” “potential,” “opportunity,” “aimed,” “considering,” “continue,” and other similar expressions identify forward-looking statements. Forward-looking statements in this press release include those relating to expected timing of pricing of the Tender Offers, the expiration date for the Tender Offers, the use of a proration factor with respect to the 4.350% 2028 Notes, the settlement date and the expected Maximum Aggregate Principal Amount. It is important to note that actual results could differ materially from those projected in such forward-looking statements based on numerous factors, including those outside of Valero’s control, such as legislative or political changes or developments, market dynamics, cyberattacks, weather events, and other matters affecting our operations or the demand for our products. These factors also include, but are not limited to, the uncertainties that remain with respect to the Russia-Ukraine conflict, the impact of inflation on margins and costs, the COVID-19 pandemic, variants of the COVID-19 virus, governmental and societal responses thereto, and the adverse effects the foregoing may have on our business or economic conditions generally. For more information concerning these and other factors that could cause actual results to differ from those expressed or forecasted, see Valero’s annual report on Form 10-K, the “Risk Factors” section included in the Offer to Purchase, quarterly reports on Form 10-Q, and other reports filed with the Securities and Exchange Commission.

About Valero

Valero Energy Corporation, through its subsidiaries (collectively, “Valero”), is an international manufacturer and marketer of petroleum-based and low-carbon liquid transportation fuels and petrochemical products, and sells its products primarily in the United States (“U.S.”), Canada, the United Kingdom (“U.K.”), Ireland and Latin America. Valero owns 15 petroleum refineries located in the U.S., Canada and the U.K. with a combined throughput capacity of approximately 3.2 million barrels per day. Valero is a joint venture member in Diamond Green Diesel Holdings LLC, which owns a renewable diesel plant in Norco, Louisiana with a production capacity of 700 million gallons per year, and Valero owns 12 ethanol plants located in the Mid-Continent region of the U.S. with a combined production capacity of approximately 1.6 billion gallons per year. Valero manages its operations through its Refining, Renewable Diesel, and Ethanol segments. Please visit www.investorvalero.com for more information.

Investors:

Homer Bhullar, Vice President – Investor Relations and Finance, 210-345-1982
Eric Herbort, Director – Investor Relations, 210-345-3331
Gautam Srivastava, Senior Manager – Investor Relations, 210-345-3992

Media:

Lillian Riojas, Executive Director – Media Relations and Communications, 210-345-5002

STOCKHOLM--(BUSINESS WIRE)--Exeger, the Swedish deep tech company today announces its partnership with US-based semiconductor company Atmosic Technologies. The partnership will enable companies to create attractive energy harvesting solutions for the Internet of Things (IoT) sector.

Both Exeger and Atmosic develop components within the field of energy harvesting. Stockholm-headquartered Exeger is the inventor and manufacturer of the groundbreaking Powerfoyle^® solar cell technology that converts all forms of light into clean, endless energy. Exeger’s photovoltaic cells can be produced in any shape and size, which will help drive the adoption of light-powered products in the next generation of connected consumer and industrial devices. California-headquartered Atmosic Technologies develops innovative energy harvesting wireless System-on-Chips (SoCs) and IoT modules with ultra-low power features that include an integrated boost converter and sophisticated power management technologies to optimally control, store, and distribute available power.

Following Exeger’s announcement last year of the Powerfoyle Indoor platform, which has been optimized for low light levels, Atmosic and Exeger’s collaboration makes it easy for manufacturers to develop devices with significantly extended or even endless battery life when utilizing Powerfoyle. Atmosic’s low-power wireless chipsets and Exeger’s solar cells create attractive solutions for low-power standards-driven IoT devices such as Bluetooth^® remote controls, sensors, beacons, and keyboards. The combined technologies work especially well for devices in a variety of applications from the smart home to enterprise, healthcare, and industrial environments.

“Atmosic’s extremely low-power solutions, combined with our Powerfoyle solar cell technology, will help reduce – and in many cases eliminate – the use of disposable batteries for IoT devices,” says Giovanni Fili, CEO and Founder of Exeger. “This opens up a huge opportunity in the 400 billion USD IoT market which will greatly accelerate its transition to clean endless energy.”

“Our partnership with Exeger enables our customers to create innovative IoT products that operate reliably and robustly even without a battery and in the lowest of lighting conditions,” said David Su, CEO at Atmosic. “Our combined solutions will help reduce the need for costly battery replacement and maintenance of IoT deployments, fueling a more sustainable IoT in the future.”

About Exeger

Exeger is a Swedish company with a unique solar cell technology that converts all forms of light into electrical energy. This material, Powerfoyle, is the world’s only fully customizable solar cell. With its superior design properties, it can be integrated seamlessly into any electronic device.

Powerfoyle enhances every product it is integrated into with extended or even unlimited battery life, putting the power of cutting-edge solar cell technology directly in the hands of people. Exeger is leading the way to energy independence through more sustainable and user-friendly products – with the vision to touch the lives of a billion people by 2030.

For more information visit www.exeger.com | www.powerfoyle.com

About Atmosic Technologies

Atmosic™ Technologies is an innovative fabless semiconductor company, designing ultra-low power wireless and energy harvesting solutions to dramatically reduce and disrupt device dependency on batteries, aiming to deliver forever battery life and the battery free connected Internet of Things. The company’s products enable the IoT device ecosystem—designers and manufacturers, as well as end users and those responsible for deployments—to dramatically lower costs and efforts associated with maintaining the growing Internet of Things in Personal, Home, Auto, Healthcare, Industrial, Enterprise and Smart Cities segments. In addition to these tangible business advantages, Atmosic aims to reduce ecological impacts with its vision of dramatically reduced battery consumption in the Internet of Things.

For more information visit www.atmosic.com

Atmosic Technologies:
Allison DeLeo
Racepoint Global for Atmosic Technologies
415-694-6711
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DUBLIN--(BUSINESS WIRE)--The "Global Underwater Connectors Market (2022-2027) by Type, Connection, Application, End Users, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.

The Global Underwater Connectors Market is estimated to be USD 2.08 Bn in 2022 and is expected to reach USD 2.9 Bn by 2027, growing at a CAGR of 6.9%.

Market dynamics are forces that impact the prices and behaviors of the Global Underwater Connectors Market stakeholders. These forces create pricing signals which result from the changes in the supply and demand curves for a given product or service. Forces of Market Dynamics may be related to macro-economic and micro-economic factors.

There are dynamic market forces other than price, demand, and supply. Human emotions can also drive decisions, influence the market, and create price signals. As the market dynamics impact the supply and demand curves, decision-makers aim to determine the best way to use various financial tools to stem various strategies for speeding the growth and reducing the risks.

Competitive Quadrant

The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Ansoff Analysis

The report presents a detailed Ansoff matrix analysis for the Global Underwater Connectors Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification.

The matrix is also used for risk analysis to understand the risk involved with each approach. The analyst analyses the using the Ansoff Matrix to provide the best approaches a company can take to improve its market position. Based on the SWOT analysis conducted on the industry and industry players, the analyst has devised suitable strategies for market growth.

Why buy this report?

• The report offers a comprehensive evaluation of the Global Underwater Connectors Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
• The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
• The report includes an in-depth market analysis using Porter's 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
• The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
• The report also contains the competitive analysis using Positioning Quadrants, the analyst's Proprietary competitive positioning tool.

Market Dynamics

Drivers

• Surge in Usage of Oil & Gas Industry
• Increasing Penetration of Underwater Connectors in Underwater Mining

Restraints

• High Customized Requirements of Clients
• Drawbacks of Rigid-shell Underwater Connectors

Opportunities

• Continuous New Product Launches
• Increasing Defense Spending in U.K., Germany, France, and Russia

Challenges

• High Installation and Maintenance Costs

Market Segmentation

The Global Underwater Connectors Market is segmented based on Type, Connection, Application, End Users, and Geography.

• By Type, the market is classified into Rubber-molded, Rigid-shell/Bulk-headed, Inductive Coupling, and Underwater Mateable Connector.
• By Connection, the market is classified into Electrical, Optical Fiber, and Hybrid.
• By End Users, the market is classified into Oil & Gas, Military & Defense, and Telecommunications.
• By Geography, the market is classified into Americas, Europe, Middle-East & Africa and Asia-Pacific.

Companies Mentioned

• Amphenol
• Baker Hughes (GE)
• BIRNS
• Birns Aquamate
• DWTEK
• Eaton
• Fischer Connectors
• Gisma Steckverbinder
• Glenair
• Hydro
• Lemo
• MacArtney
• Marshall Underwater Industries
• OneSubsea (Schlumberger)
• C.R. Encapsulation
• Scorpion Oceanics
• Souriau
• Teledyne Marine

For more information about this report visit https://www.researchandmarkets.com/r/j2galn

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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For E.S.T Office Hours Call 1-917-300-0470
For U.S./ CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

DUBLIN--(BUSINESS WIRE)--The "Marine Lubricants Market by Oil Type (Mineral Oil, Synthetic, Bio-based, and Grease), Product Type (Engine oil, Hydraulic fluid, Compressor oil), Ship Type (Bulk Carrier, Tanker, Container) and Region - Global Forecast to 2026" report has been added to ResearchAndMarkets.com's offering.

The marine lubricants market size is estimated to be USD 6.2 billion in 2021 and is expected to reach USD 6.7 billion by 2026, at a CAGR of 1.5% during the forecast period. The marine lubricants market is mainly driven by the emerging emission abatement technologies, growth in maritime tourism and the infrastructural developments that are strengthening the shipping industry. The impact of Covid-19, and shift towards synthetic-based lubricants are the key restraints in the marine lubricants market. However, the growing demand for bio-based marine lubricants offers opportunities to the marine lubricants manufacturers.

Infrastructural developments strengthening the shipping industry is one of the factors driving the growth of the market

According to the International Chamber of Shipping (ICS), a principal global trade association for the shipping industry, it is estimated that around 90% of the global trade is carried out by the shipping industry. This is supported by the ship manufacturers and government bodies that help increase marine trade by increasing the size of ships, develop new terminals, and create bigger straits along with the expansion of the existing ones such as Panama and Suez 1Canals.

Both these canals are the two most important strategic waterways that are part of more than 100 trade routes. In addition, the large shipping companies are expanding their network by acquiring new ports in various regions. The increasing size and load carrying capacity of vessels have led to rising trade volumes with focus on the development of more durable and sturdier marine crafts. The demand for ultra large container ships (ULCS) is increasing and is expected to reduce the slot-costs. This is favored by shipping companies, as these large ships will help them catch up with the prime movers.

Mineral oil is estimated to be the largest oil type in the marine lubricants market in 2020

The mineral oil marine lubricants segment is projected to register the lowest CAGR in terms of value, between 2021 and 2026, as they are being replaced by less toxic marine lubricants such as synthetic and bio-based lubricants. Mineral oil based lubricants are being replaced by these less toxic lubricants due to stringent governmental norms for environment protection.

In spite of the gradual shift from mineral oil lubricants to synthetic and bio-based lubricants, bulk lubricant applications such as marine 2-stroke and 4-stroke engines, propulsion units, and stern tubes will continue to utilize large volumes of mineral oil lubricants because of its low cost.

Market Dynamics

Drivers

• Infrastructural Developments Strengthening the Shipping Industry
• Emerging Emission Abatement Technologies
• Growth in Maritime Tourism

Restraints

• Shift Toward Synthetic Lubricants May Increase the Drain Interval
• Impact of COVID-19

Opportunities

• Increasing Demand for Bio-Based Marine Lubricants
• Shift from Group-I to Group-Ii Base Stocks

Challenges

• Stringent Environmental Norms and Continuous Reforms by Governments
• Volatility in Raw Material Prices

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Industry Trends

7 Marine Lubricants Market, by Oil Type

8 Marine Lubricants Market, by Product Type

9 Marine Lubricants Market, By Ship Type

10 Marine Lubricants Market, by Region

11 Competitive Landscape

12 Company Profiles

13 Adjacent & Related Markets

14 Appendix

Companies Mentioned

• Addinol Lube Oil Gmbh
• Bel Ray Company LLC.
• Bp plc.
• Cepsa
• Chevron Corporation
• China Petrochemical Corporation (Sinopec Corp.)
• Dyade Lubricants
• Emirates National Oil Company (Enoc)
• Eni S.P.A.
• ExxonMobil Corporation
• Gazprom Neft
• Gulf Oil International
• Idemitsu Kosan Co. Ltd
• Indian Oil Corporation
• Jx Nippon Oil & Energy Corporation
• Liqui Moly Gmbh
• Lukoil
• Morris Lubricants
• Penrite Oil
• Petrochina Company Limited
• Petronas
• Royal Dutch Shell plc
• Sk Inc.
• Totalenergies Se
• Valvoline

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