DUBLIN--(BUSINESS WIRE)--The "Global Fuel Cell Forklift Market" report has been added to ResearchAndMarkets.com's offering.
This report analyses different technologies, applications, and regional market development in the fuel cell forklifts market. This report also covers market analysis for countries such as the U.S., China, Japan, and others, where the opportunities for fuel cell forklifts are lucrative. However, deployment data for fuel cell forklifts is not available for all the countries.
Fuel cells are the future technology which can alter the conventional energy sources such as gasoline, diesel, LPG, and others, in the coming decades. Fuel cells are being used in the material handling industry as these cells are more efficient than the conventional technologies. Fuel cell forklifts require only 2-3 minutes to refuel. While traditional battery-powered forklifts require around 3-5 hours to recharge the battery.
The battery swapping is also a time consuming task requiring labor and hoisting systems. Currently, the spendings for battery-powered forklifts are high compared to fuel cell forklifts. But, in ten-year operational time periods, fuel cell forklifts will be the less costly option to consumers, as opposed to battery-powered forklifts. Therefore, retail industry companies such as Amazon and Walmart are using these forklifts to gain long term benefits as they are experiencing an increase in their productivity.
The report also covers leading companies with information on product types, business footprint, revenue, employee strength, etc. We have also covered a list of other companies in the global and regional market with their product-related information. Aside from this, the analyst has also covered the patent analysis for the fuel cell forklift market.
We have included inflation in the product pricing which is reflected in the market value of the historic year, while the forecasted values are nominal values.
The report also examines the impact of COVID-19 on the global and regional level. 2021 is considered a historic/base year, 2022 is an estimated year, and the market values are forecasted for five years until 2027. All market values are in the dollar ($) million and volume is measured in units.
Reasons for Doing This Study:
Fuel cell is a clean energy technology and can be used as green fuel in many industries, from automotive to medical to electronics. Pollution levels are increasing at an alarming rate and greenhouse gases have started to damage the environmental structure.
Most countries are working towards the development and commercialization of clean fuels such as hydrogen, which does not emit any kind of harmful gases after burning. Historically, the material handling industry has been an important sector in GDP development for all countries.
By using nonrenewable fuels, such as LPG, diesel, and gasoline, significant levels of harmful gases are generated which can affect the health of those working in warehouses and factories. Therefore, forklift users are also shifting to the use of battery power forklifts; however, these forklifts require a dedicated space in the warehouse for battery storing, recharging, and swapping.
For warehouses, retailing centers, plants, factories, and others, productivity is the key criteria for generating revenue. Therefore, forklift users are showing interest in using fuel cell forklifts as they take less time to refuel and the overall expenditure for these forklifts is comparatively less over a 10-year period.
Due to these changes and the rising adoption of hydrogen-powered forklifts, the publisher has decided to analyze the market and measure the impact of these advanced forklifts on the conventional forklift market.
Report Includes
Key Topics Covered:
Chapter 1 Introduction
Chapter 2 Summary and Highlights
Chapter 3 Market Overview
Chapter 4 Global Market for Fuel Cell Forklifts by Key Segment
Chapter 5 Market Breakdown by Country/Region
Chapter 6 Competitive Landscape
Chapter 7 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/rofxmi
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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Energy Vault, Wellhead Electric and W Power to deploy 68.8 MW (275.2 MWh) battery energy storage system at W Power Energy Reliability Center in Stanton, California. The Stanton ESS will be one of the largest energy storage systems in southern California and will be built on Energy Vault Solutions’ (EVS) proprietary system design and EVS’ Energy Management Software.
Wellhead Electric has also selected Energy Vault, as preferred integrator, for two additional hybrid energy storage projects in Southern California.
This contract reflects the successful and rapid execution of the EVS technology-agnostic integration and software strategy, as previously announced in Q4 2021, to provide customers with the most flexible and cost-effective energy storage solutions regardless of the underlying storage and generation technology.
LUGANO, Switzerland, WESTLAKE VILLAGE, Calif. & SACRAMENTO, Calif.--(BUSINESS WIRE)--Energy Vault Holdings Inc. (NYSE: NRGV) ("Energy Vault" or the “Company”), a leader in sustainable, grid-scale energy storage solutions, today announced the signing of the Stanton Energy Storage System (SESS) EPC contract with Wellhead Electric Company, Inc. (“Wellhead Electric”) and W Power, LLC, (“W Power”), a woman-owned business enterprise that has developed and owned power generation facilities in California. The project will be operated by Wellhead Services, Inc., one of the most experienced developers and operators of innovative energy generation and energy storage facilities in California, which is based in Sacramento, California.
Energy Vault will begin deployment immediately in 2022 of a 275.2 MWh battery storage project at W Power’s Energy Reliability Center in Stanton, California. The project is on an accelerated timeline to meet critical power needs for southern California and is expected to be completed in mid-2023. Energy Vault will also support W Power and Wellhead with development and deployment of future energy storage projects in California representing approximately 600 MWh+ of additional capacity in the near term.
The system will be built on Energy Vault Solutions’ (EVS) proprietary integration platform and powered by EVS’ energy management software. The EVS platform, which was introduced in Q4 2021, leverages the most advanced software architecture and optimization algorithms, and enables the integration and orchestration of multiple energy assets under a multitude of use cases. Together with the Company’s existing sustainable long duration gravity energy storage technology offering, Energy Vault continues to advance the global transition to a carbon-free, resilient power grid.
"We look forward to developing this project with Wellhead and W Power that will be built on our proprietary system and reflects execution on our previously announced EVS strategy,” said Robert Piconi, Chairman and Chief Executive Officer, Energy Vault. “This exciting project reflects our broad energy storage experience and capabilities across multiple underlying storage technologies while optimizing energy density and performance requirements that was a key factor to meet Wellhead’s requirements. The demanding deployment timelines and need for surety of execution exhibit our ability to be customer focused, nimble and responsive to the rapidly-expanding needs of the global storage market.”
“Our EVS-enabled solutions are the natural complement to Energy Vault’s long-duration gravity storage capabilities which are being deployed globally in parallel, and a key component of our vision of being a leading energy storage technology partner to our customers that require innovation and creativity in dealing with the complexities of the grid,” continued Mr. Piconi. “With EVS we have been able to expand our serviceable market and we are proud to offer a broad portfolio of solutions, from short to long duration, with our EVxTM gravity-based technology, that help customers achieve their decarbonization targets while maximizing economic returns. This is fundamental to the mission of the Company.”
“The team at Energy Vault has greatly impressed us with both their extensive knowledge of energy storage solutions and their critical engineering, integration, and construction experience,” said Hal Dittmer, CEO, Wellhead Electric. “They have won our trust because of their dedication to find the optimal solution for our Stanton site. In addition, because of the EVS technological platform, with the highest energy density and safety features, we were able to fit the maximum energy storage capacity at our site, with full confidence of meeting our expected system performance and project economic return requirements.”
About Energy Vault
Energy Vault develops and deploys sustainable energy storage solutions designed to transform the world’s approach to utility-scale energy storage in realizing decarbonization while maintaining grid resiliency. The company’s proprietary gravity-based energy storage technology, battery storage technology, and energy storage management and integration platform are intended to help utilities, independent power producers and large industrial energy users significantly reduce their levelized cost of energy while maintaining power reliability. Utilizing eco-friendly materials with the ability to integrate waste materials for beneficial re-use, Energy Vault is facilitating the shift to a circular economy while accelerating the clean energy transition for its customers. For additional information, please visit: www.energyvault.com.
Forward-Looking Statements
This press release contains forward-looking statements that involve risks, uncertainties, and assumptions including statements regarding Energy Vault’s future expansion, deployments and capabilities. There are a significant number of factors that could cause actual results to differ materially from the statements made in this press release, including: risks related to the deployment of Energy Vault’s energy management software the projects announced in this press release, risks related to Energy Vault’s ability to supply equipment, engineering, procurement, construction and balance of plant services for the projects announced in this press release, the fact that the project is the first such deployment for Energy Vault and as a result, there could be unforeseen issues with the system, the ability to meet milestones in order to receive payments, unforeseen delays in the projects announced in this press release, whether these projects will be constructed on time or whether they will operate as planned, developments and changes in the general market, the continuing impact of COVID-19, political, economic, and business conditions, and the impact of competing technologies on demand for battery powered projects. Additional risks and uncertainties that could affect our financial results are included under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in the Quarterly Report on Form 10-Q for the quarter ended June 30, 2022, filed with the SEC on August 8, 2022, which is available on our website at investors.energyvault.com 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.
Energy Vault
Investors
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HOUSTON--(BUSINESS WIRE)--Genesis Energy, L.P. (NYSE: GEL) announced today that it will participate in the Wells Fargo Leveraged Finance Conference in Nashville, Tennessee. The conference is being held in person on Thursday, September 8th, 2022 and Friday, September 9th, 2022.
The Partnership’s latest presentation materials are available and may be downloaded by visiting the Partnership’s website at www.genesisenergy.com under “Presentations” under the Investors tab.
Genesis Energy, L.P. is a diversified midstream energy master limited partnership headquartered in Houston, Texas. Genesis’ operations include offshore pipeline transportation, sodium minerals and sulfur services, onshore facilities and transportation and marine transportation. Genesis’ operations are primarily located in the Gulf Coast region of the United States, Wyoming and the Gulf of Mexico.
Genesis Energy, L.P.
Dwayne Morley
VP – Investor Relations
(713) 860-2536
VISTA, Calif.--(BUSINESS WIRE)--Flux Power Holdings, Inc. (NASDAQ: FLUX), a developer of advanced lithium-ion energy storage solutions for electrification of commercial and industrial equipment, will hold a conference call on Thursday, September 22, 2022 at 4:30 p.m. Eastern Time to discuss its results for the fiscal fourth quarter and full year ended June 30, 2022. A press release detailing these results will be issued prior to the call.
Flux Power CEO Ron Dutt and CFO Chuck Scheiwe will host the conference call, followed by a question-and-answer session. The conference call will be accompanied by a presentation, which can be viewed during the webcast or accessed via the investor relations section of the Company’s website here.
To access the call, please use the following information:
Date: |
Thursday, September 22, 2022 |
|
Time: |
4:30 p.m. Eastern Time, 1:30 p.m. Pacific Time |
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Toll-free dial-in number: |
1-877-407-4018 |
|
International dial-in number: |
1-201-689-8471 |
|
Conference ID: |
13732630 |
Please call the conference telephone number 5-10 minutes prior to the start time. An operator will register your name and organization. If you have any difficulty connecting with the conference call, please contact MZ Group at 1-949-491-8235.
The conference call will be broadcast live and available for replay at https://viavid.webcasts.com/starthere.jsp?ei=1567702&tp_key=84c06cde95 and via the investor relations section of the Company's website here.
A replay of the webcast will be available after 7:30 p.m. Eastern Time through December 22, 2022.
Toll-free replay number: |
1-844-512-2921 |
|
International replay number: |
1-412-317-6671 |
|
Replay ID: |
13732630 |
About Flux Power Holdings, Inc.
Flux Power (NASDAQ: FLUX) designs, manufactures, and sells advanced lithium-ion energy storage solutions for electrification of a range of industrial and commercial sectors including material handling, airport ground support equipment (GSE), and stationary energy storage. Flux Power’s lithium-ion battery packs, including the proprietary battery management system (BMS) and telemetry, provide customers with a better performing, lower cost of ownership, and more environmentally friendly alternative, in many instances, to traditional lead acid and propane-based solutions. Lithium-ion battery packs reduce CO2 emissions and help improve sustainability and ESG metrics for fleets. For more information, please visit www.fluxpower.com.
Forward-Looking Statements
This release contains projections and other "forward-looking statements" relating to Flux Power’s business, that are often identified using "believes," "expects" or similar expressions. Forward-looking statements involve several estimates, assumptions, risks, and other uncertainties that may cause actual results to be materially different from those anticipated, believed, estimated, expected, etc. Such forward-looking statements include impact of COVID-19 on Flux Power’s business, results and financial condition; Flux Power’s ability to obtain raw materials and other supplies for its products at competitive prices and on a timely basis, particularly in light of the potential impact of the COVID-19 pandemic on its suppliers and supply chain; the development and success of new products, projected sales, deferral of shipments, Flux Power’s ability to fulfill backlog orders or realize profit from the contracts reflected in backlog sale; Flux Power’s ability to fulfill backlog orders due to changes in orders reflected in backlog sales, Flux Power’s ability to timely obtain UL Listing for its products, Flux Power’s ability to fund its operations, distribution partnerships and business opportunities and the uncertainties of customer acceptance and purchase of current and new products. Actual results could differ from those projected due to numerous factors and uncertainties. Although Flux Power believes that the expectations, opinions, projections, and comments reflected in these forward-looking statements are reasonable, they can give no assurance that such statements will prove to be correct, and that the Flux Power’s actual results of operations, financial condition and performance will not differ materially from the results of operations, financial condition and performance reflected or implied by these forward-looking statements. Undue reliance should not be placed on the forward-looking statements and Investors should refer to the risk factors outlined in our Form 10-K, 10-Q and other reports filed with the SEC and available at www.sec.gov/edgar. These forward-looking statements are made as of the date of this news release, and Flux Power assumes no obligation to update these statements or the reasons why actual results could differ from those projected.
Flux, Flux Power, and associated logos are trademarks of Flux Power Holdings, Inc. All other third-party brands, products, trademarks, or registered marks are the property of and used to identify the products or services of their respective owners.
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www.mzgroup.us
NEW YORK--(BUSINESS WIRE)--#Assets--H.I.G. Capital, LLC (“H.I.G.”), a leading global alternative investment firm with over $50 billion of equity capital under management, announced that it has hired Kim Leinwand Erle as Managing Director and Global Head of ESG, a newly created role that reflects H.I.G.’s ongoing commitment to the integration of environmental, social and governance best practices across the firm.
Ms. Erle joins H.I.G. from NY Green Bank, a specialty finance company, supporting sustainable investments in the clean energy markets. Ms. Erle was a Managing Director and head of Strategy and Impact, at NY Green Bank, where she was responsible for ESG business strategy formulation and execution. Additionally, Ms. Erle was a member of New York State Energy Research & Development Authority's Diversity, Equity & Inclusion Strategic Planning Committee. She has over 25 years of experience working in financial services and sustainability industries.
Rick Rosen, Co-President of H.I.G. commented: “We are thrilled to welcome Kim to the team. Her expertise in sustainability will enhance the firm’s ESG focus across the firm and our portfolio companies, allowing H.I.G. to make a positive impact while creating long-term value for our stakeholders.”
Jordan Peer Griffin, Executive Managing Director, added: “H.I.G.’s establishment of a standalone ESG function is an important milestone for the firm. Kim brings a wealth of experience to H.I.G. and we are excited for her to lead this important function.”
“H.I.G. has a long and successful track record investing across the alternatives landscape,” said Ms. Erle. “I am delighted to join the H.I.G. team and help the firm further drive measurable value for its investors through ESG-related initiatives.”
About H.I.G. Capital
H.I.G. is a leading global alternative assets investment firm with over $50 billion of equity capital under management.* Based in Miami, and with offices in New York, Boston, Chicago, Dallas, Los Angeles, San Francisco, and Atlanta in the U.S., as well as international affiliate offices in London, Hamburg, Madrid, Milan, Paris, Bogotá, Rio de Janeiro and São Paulo, H.I.G. specializes in providing both debt and equity capital to small and mid-sized companies, utilizing a flexible and operationally focused/ value-added approach:
Since its founding in 1993, H.I.G. has invested in and managed more than 300 companies worldwide. The firm's current portfolio includes more than 100 companies with combined sales in excess of $30 billion. For more information, please refer to the H.I.G. website at www.higcapital.com.
* Based on total capital commitments managed by H.I.G. Capital and affiliates.
Jordan Peer Griffin
Executive Managing Director
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The $140 million project is designed to enhance the JBMDL mission capability and resiliency through critical energy infrastructure additions and upgrades
FRAMINGHAM, Mass. & TRENTON, N.J.--(BUSINESS WIRE)--#carbonreduction--Ameresco, Inc., (NYSE: AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy, today announced a continuation of a longstanding partnership with Joint Base McGuire-Dix-Lakehurst (JBMDL) to provide mission-critical energy infrastructure updates at the joint base. Defense Logistics Agency (DLA) Energy executed a comprehensive $92 million second phase designed to add more onsite solar power, energy efficiency measures, and infrastructure upgrades to an initial $48 million task order issued in 2021 for on-site solar generation. The project will both support JBMDL’s goals to enhance their mission through energy assurance and advance the Climate Smart Building Initiative. The Climate Smart Buildings Initiative is a federal government program, announced earlier this month, focused on leveraging energy performance contracting to achieve emission reduction and accelerate the clean energy transition.
Ameresco has served as an energy services provider to JBMDL for more than a decade, completing an initial ESPC project at the base in 2012 and supporting operations and maintenance (O&M) on the systems since their completion. Ameresco is now kicking off implementation of a range of additional energy conservation measures (ECMs) focused on energy efficiency, additional on-site solar generation, battery storage technology, and a new microgrid controls system.
The total solar photovoltaic (PV) capacity to be deployed amounts to 32 megawatts (MW)—one of the largest solar PV installations that Ameresco has installed at a federal site. Ameresco is also installing a 2MW/4MWh battery energy storage system (BESS) and integrating the solar, storage, and backup generation assets within the new microgrid. The pairing of distributed energy generation systems with BESS and microgrid controls is designed to assure the base’s access to uninterrupted power in support of JBMDL’s critical missions.
“We are incredibly excited to expand our already robust partnership with the team at Joint Base McGuire-Dix-Lakehurst,” said Nicole Bulgarino, Executive Vice President of Federal Solutions at Ameresco. “We’re eager to get started on the integration of advanced clean technologies to create a more resilient and sustainable energy future for the base and deliver a project that meets the installation’s mission requirements while also advancing the Climate Smart Building Initiative.”
In addition to the integration of distributed energy resources and microgrid controls, the project is designed to achieve energy demand reductions through more than 90,000 LED fixture retrofits, wireless streetlighting controls, and advanced interior lighting controls. Overall, the Phase 2 ECMs are designed to generate more than $4.7 million in annual energy savings for JBMDL, a total energy usage reduction of 22%.
The Phase 2 construction is scheduled to begin shortly and reach completion in early 2025.
About Ameresco, Inc.
Founded in 2000, Ameresco, Inc. (NYSE:AMRC) is a leading cleantech integrator and renewable energy asset developer, owner and operator. Our comprehensive portfolio includes energy efficiency, infrastructure upgrades, asset sustainability and renewable energy solutions delivered to clients throughout North America and Europe. Ameresco’s sustainability services in support of clients’ pursuit of Net Zero include upgrades to a facility’s energy infrastructure and the development, construction, and operation of distributed energy resources. Ameresco has successfully completed energy saving, environmentally responsible projects with Federal, state and local governments, healthcare and educational institutions, housing authorities, and commercial and industrial customers. With its corporate headquarters in Framingham, MA, Ameresco has more than 1,000 employees providing local expertise in the United States, Canada, and Europe. For more information, visit www.ameresco.com.
The announcement of a customer’s entry into a project contract is not necessarily indicative of the timing or amount of revenue from such contract, of the company’s overall revenue for any particular period or of trends in the company’s overall total project backlog. This project was included in our previously reported awarded backlog as of June 30, 2022.
Ameresco: Leila Dillon, 508-661-2264, This email address is being protected from spambots. You need JavaScript enabled to view it.
DUBLIN--(BUSINESS WIRE)--The "Global Offshore Wind Power Market (2022-2027) by Component, Location, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.
The Global Offshore Wind Power Market is estimated to be USD 46.07 Bn in 2022 and is expected to reach USD 87.35 Bn by 2027, growing at a CAGR of 13.65%.
Market dynamics are forces that impact the prices and behaviors of the Global Offshore Wind Power 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 Offshore Wind Power 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?
Market Dynamics
Drivers
Restraints
Opportunities
Challenges
Market Segmentation
The Global Offshore Wind Power Market is segmented based on Component, Location, and Geography.
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/41ut59
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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Itron’s Premier Customer-Focused Event Will Gather Industry Leaders to Ignite Innovation and Drive the Industry Forward
LIBERTY LAKE, Wash.--(BUSINESS WIRE)--#Energy--Itron, Inc. (NASDAQ: ITRI), which is innovating the way utilities and cities manage energy and water, announced the conference schedule for its premier customer-focused event, Itron Inspire 2022, which will be held in Marco Island, FL, Sept. 23-30, 2022. The in-person conference will bring together leaders from across energy, water, industrial IoT (IIoT) and smart communities to uncover the possibilities for a more connected, sustainable future. Select content will also be streamed online.
“We couldn’t be more excited to reconnect in person with our colleagues, customers and partners at Itron Inspire for the first time in three years,” said Marina Donovan, vice president, global marketing and public affairs at Itron. “We look forward to engaging in discussions with the industry’s leaders about both the challenges and opportunities presented by accelerating distributed energy resource (DER) proliferation, worsening extreme and devastating weather, increasing cybersecurity threats and more.”
The main event, the Knowledge Conference, takes place Sept. 25-27 and includes a variety of keynotes, thought leadership panels, more than 90 breakout sessions with the majority being customer speakers and several networking events as well as a showcase of Itron’s comprehensive solutions and partner offerings in the Knowledge Center. While there, attendees are invited to tour the Itron Experience and see how solutions come together to deliver value-based outcomes for utilities and smart cities across the globe.
Keynotes & General Sessions:
Big Picture Sessions:
Breakout Sessions:
Breakout sessions will take place each day of the conference following the general session in the following tracks:
For more information about Itron Inspire 2022 and registration for the in-person event or livestream sessions, please visit www.itron.com/inspire.
About Itron
Itron enables utilities and cities to safely, securely and reliably deliver critical infrastructure solutions to communities in more than 100 countries. Our portfolio of smart networks, software, services, meters and sensors helps our customers better manage electricity, gas and water resources for the people they serve. By working with our customers to ensure their success, we help improve the quality of life, ensure the safety and promote the well-being of millions of people around the globe. Itron is dedicated to creating a more resourceful world. Join us: www.itron.com.
Itron® is a registered trademark of Itron, Inc. All third-party trademarks are property of their respective owners and any usage herein does not suggest or imply any relationship between Itron and the third party unless expressly stated.
Itron, Inc.
Alison Mallahan
Senior Manager, Corporate Communications
509-891-3802
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MILPITAS, Calif.--(BUSINESS WIRE)--$AP #AP--Imperalis Holding Corp. (OTC: IMHC) (“Imperalis”) announced it closed the securities purchase agreement, whereby Imperalis acquired all outstanding shares of common stock of TurnOnGreen, Inc., an electric vehicle charging and custom power solutions company (“TurnOnGreen” or the “Company”) from BitNile Holdings, Inc. (the “Acquisition”). As a result of the Acquisition, TurnOnGreen became a subsidiary of Imperalis. Upon the closing of the Acquisition, Darren Magot resigned from his position as Chief Executive Officer but remains a member of Imperalis’ Board of Directors, David Katzoff remains as Imperalis’ Chief Financial Officer, Secretary and Treasurer, Marcus Charuvastra remains as Imperalis’ President, Douglas Gintz remains as Imperalis’ Chief Technology Officer, and the Board of Directors of Imperalis (the “Board”) appointed Amos Kohn as Imperalis’ Chief Executive Officer and Chairman of the Board.
“We look forward to leveraging the public markets to drive the development and distribution of TurnOnGreen’s innovative technology,” said Amos Kohn, Chairman and CEO of Imperalis. “TurnOnGreen has a team of experienced professionals. I am pleased to have Marcus and Douglas on our leadership team to help accelerate our growth and provide shareholder value. Marcus and Douglas’ leadership across the organization will help build a solid corporate foundation from which the Company can expand its e-Mobility products and services. Our team is focused on adding shareholder value and has the objective of pursuing an uplisting to the Nasdaq Capital Market, subject to seasoning rules and other criteria for listing.”
Prior to the Acquisition, Mr. Kohn served as President and Chief Executive Officer, Mr. Charuvastra as the Chief Revenue Officer, and Mr. Gintz as the Chief Technology Officer at TurnOnGreen.
“I am excited to help build a team capable of capturing a rapidly expanding electric vehicle market in North America,” said Marcus Charuvastra, President of Imperalis. “The Company is uniquely positioned to build an electric vehicle charging infrastructure that will accelerate the adoption of e-mobility solutions while reducing carbon emissions from internal combustion engine automobiles.”
Imperalis, which intends to change its name to TurnOnGreen as soon as practicable, will operate through TurnOnGreen’s two subsidiaries, TOG Technologies Inc. and Digital Power Corporation. Imperalis intends to dissolve its remaining dormant subsidiary.
For more information on TurnOnGreen please visit www.TurnOnGreen.com.
About TurnOnGreen Inc.
TurnOnGreen Inc. designs and manufactures innovative, feature-rich, and top-quality power products for mission-critical applications, lifesaving and sustaining applications spanning multiple sectors in the harshest environments. The diverse markets we serve include defense and aerospace, medical and healthcare, industrial, telecommunications and e-Mobility. TurnOnGreen brings decades of experience to every project, working with our clients to develop leading-edge products to meet a wide range of needs. TurnOnGreen headquarters are located at Milpitas, CA; www.TurnOnGreen.com.
Forward-Looking Statements
This press release contains “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. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company’s Forms 10-K, 10-Q and 8-K. All filings are available at www.sec.gov and on the Company’s website at www.turnongreen.com.
This email address is being protected from spambots. You need JavaScript enabled to view it. or (877) 634-0982
Efficient Power Conversion (EPC) introduces the 100 V, 3.8 mOhm EPC2306 GaN FET, offering higher performance and smaller solution size for high power density applications including DC-DC conversion, AC/DC chargers, solar optimizers and microinverters, motor drives, and Class D Audio.
EL SEGUNDO, Calif.--(BUSINESS WIRE)--#48V--EPC, the world’s leader in enhancement-mode gallium nitride (eGaN®) power FETs and ICs, expands the selection of off-the-shelf GaN FETs in thermally enhanced QFN packages with the introduction of the 100 V EPC2306 designed for 48 V DC-DC conversion used in high-density computing applications, in 48 V BLDC motor drives for e-mobility and robotics, and in solar optimizers and microinverters, and Class D Audio.
The EPC2306 GaN FET offers a super small RDS(on), of just 3.8 mOhm, together with very small QG, QGD, and QOSS parameters for low conduction and switching losses. The device features a thermally enhanced QFN package with exposed top and footprint of just 3 mm x 5 mm, offering an extremely small solution size for the highest power density applications.
The EPC2306 is footprint compatible with the previously released 100 V, 1.8 mOhm EPC2302. The two footprint compatible devices allow designers to trade off RDS(on) vs. price to optimize solutions for efficiency or cost by dropping in a different part number in the same PCB footprint.
“The EPC2306 combines the advantages of 100 V GaN with an easy to assemble QFN package without sacrificing performance,” said Alex Lidow, CEO and co-founder of EPC. “Designers can use our family of packaged GaN FETs to make lighter weight battery-operated BLDC motor drives for eMobility and drones, higher efficiency 48 V input DC-DC converters for data center, datacom, artificial intelligence, and other industrial and consumer applications.”
Development Board
The EPC90145 development board is a 100 V maximum device voltage, 45 A maximum output current, half bridge featuring EPC2306 GaN FET. The purpose of this board is to simplify the evaluation process to speed time to market. This 2” x 2” (50.8 mm x 50.8 mm) board is designed for optimal switching performance and contains all critical components for easy evaluation.
Price and Availability
The EPC2306 is priced at $3.08 each in 1 Ku volumes.
The EPC90145 development board is price at $200.00 each.
All devices and boards are available for immediate delivery from Digi-Key at https://www.digikey.com/en/supplier-centers/epc
Designers interested in replacing their silicon MOSFETs with a GaN solution can use the EPC GaN Power Bench’s cross-reference tool to find a suggested replacement based on their unique operating conditions. The cross-reference tool can be found at: https://epc-co.com/epc/DesignSupport/GaNPowerBench/CrossReferenceSearch.aspx
About EPC
EPC is the leader in enhancement mode gallium nitride (eGaN®) based power management. eGaN FETs and integrated circuits provide performance many times greater than the best silicon power MOSFETs in applications such as DC-DC converters, remote sensing technology (lidar), motor drives for eMobility, robotics, and drones, and low-cost satellites.
Visit our web site: www.epc-co.com
Follow EPC on social media: LinkedIn, YouTube, Facebook, Twitter, Instagram, YouKu
eGaN is a registered trademark of Efficient Power Conversion Corporation, Inc.
Efficient Power Conversion:
Renee Yawger tel: 908.475.5702 email: This email address is being protected from spambots. You need JavaScript enabled to view it.
NEW YORK, OSLO, Norway & LUXEMBOURG--(BUSINESS WIRE)--FREYR Battery (NYSE: FREY) (“FREYR”), a developer of clean, next-generation battery cell production capacity, has awarded an agreement to Italy-based NTE Process to supply a complete and integrated drying and powder handling system for FREYR’s planned battery cell Gigafactory in Norway, known as Giga Arctic.
NTE Process is a service-oriented industrial automation and bulk material handling company that delivers custom solutions to their partners. With NTE Process’ automated solution for drying and powder handling, FREYR aims for safe, consistent, and properly contained powder transfer procedures in the manufacturing process. NTE Process is currently delivering solutions for FREYR’s Customer Qualification Plant (“CQP”) in Mo i Rana, Norway, and will transfer the knowledge gained to the Giga Arctic project.
“Partners are a key part of our roadmap as we work towards greater speed and scale in battery production, and NTE Process plays a vital role in ensuring that we run a safe and seamless manufacturing process,” says Jan Arve Haugan, Chief Operating Officer for FREYR. “They have served as an important partner to us in the development of our CQP, and we believe NTE Process to be the right fit for our Gigafactories, in addition to being a strong contributor to our technical development.”
NTE Process is a pre-qualified vendor of 24M Technologies, Inc. (“24M”), the maker of the 24M SemiSolidTM production platform which enables lower-cost and more sustainable lithium-ion battery production.
“We’re eager to support FREYR on the road to large-scale battery cell production, and their ambitions for Giga Arctic are a strong fit with our experience in delivering custom, automated solutions to industrial partners. Battery production will be key to our energy future, and we will strive to be active co-developers of clean battery solutions with FREYR,” says Fabio Novelli, President & CEO, NTE Process.
“Our future Gigafactories require expertly-designed solutions that meet our high standards of engineering safety and efficiency in production. We are pleased that NTE Process will transfer the lessons from our CQP to Giga Arctic, helping us maintain our momentum towards full-scale battery production,” adds Haugan.
About FREYR Battery
FREYR Battery aims to provide industrial scale clean battery solutions to reduce global emissions. Listed on the New York Stock Exchange, FREYR’s mission is to produce green battery cells to accelerate the decarbonization of energy and transportation systems globally. FREYR has commenced building the first of its planned factories in Mo i Rana, Norway and announced potential development of industrial scale battery cell production in Vaasa, Finland, and the United States. FREYR intends to install 50 GWh of battery cell capacity by 2025 and 100 GWh annual capacity by 2028 and 200 GWh of annual capacity by 2030. To learn more about FREYR, please visit www.freyrbattery.com
About NTE Process
NTE Process (www.nte-process.com) is a single source provider that supports its customers from the engineering to the construction and start-up of turnkey plants. As a specialist in pneumatic transport for the handling of powders and granules, the company offers the best process solutions, Industry 4.0 ready, thanks to patented proprietary technologies and international partnerships. The NTE Process solutions include innovative and sustainable technologies for pneumatic mixing, spray drying, drying, grinding, packaging, filtration and control of harmful emissions.
Cautionary Statement Concerning Forward-Looking Statements
All statements, other than statements of present or historical fact included in this press release, including, without limitation, statements regarding the ability of NTE Process to supply a complete and integrated drying and powder handling system for FREYR’s Giga Arctic, manage the up- and downstream interfaces, and transfer the knowledge gained through its involvement with FREYR’s CQP; FREYR’s ability to establish safe, consistent, and properly contained powder transfer procedures in the manufacturing process based on the NTE Process automated solution for drying and powder handling; the 24M platform’s ability to reduce the steps in the battery cell manufacturing process and reduce carbon emissions; and FREYR’s ability to develop clean battery solutions and achieve large-scale battery cell production; are forward-looking and involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results.
Most of these factors are outside FREYR’s control and difficult to predict. Information about factors that could materially affect FREYR is set forth under the “Risk Factors” section in (i) FREYR’s Registration Statement on Form S-1 filed with the Securities and Exchange Commission (the "SEC") on August 9, 2021, as amended, and (ii) FREYR’s annual report on Form 10-K filed with the SEC on March 9, 2022, and available on the SEC’s website at www.sec.gov.
Investor contact:
Jeffrey Spittel
Vice President, Investor Relations
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Tel: (+1) 281-222-0161
Media contact:
Katrin Berntsen
Vice President, Communication and Public Affairs
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Tel: (+47) 920 54 570
Sorama signs partnership agreement with Axis at San Francisco ceremony
CHELMSFORD, Mass.--(BUSINESS WIRE)--Axis Communications, the industry leader in network video, recently welcomed Dutch partner, Sorama, the market leader in sound monitors, to the United States during a trade mission to San Francisco, California. The event, which featured Axis and Sorama during a signing ceremony, highlighted Axis’ commitment to innovation, open solutions, and partnerships.
The signing ceremony took place on September 6 at San Francisco’s City Hall North Light Court and formalized Sorama’s US partnership agreement with Axis. The ceremony included the signing of several business agreements between Dutch and US organizations in the presence of Queen Máxima of the Netherlands, Dutch Cabinet Ministers, and local officials including San Francisco Mayor London Breed and California Lt. Governor Eleni Kounalakis.
What’s more, the ceremony kicked off a larger Dutch trade mission to the states of California and Texas that began in the Bay Area and will conclude in Houston, TX on September 9. Tuesday’s visit included seminars and discussions on several matters, including partnership opportunities and deeper economic cooperation with Dutch companies. Underscoring this sentiment, Sorama plans to open its first office in the United States later this year.
“As strategic partners, Axis and Sorama have been working closely together in Europe in the field of Smart City solutions with the common goal to improve safety, security and quality of life,” said James Marcella, Director Industry Associations, Axis Communications, Americas. “Smart Cities are the future of urban life, and intelligent network technology is proving to enhance mobility, livability, and long-term economic success. We’re eager to work closely with Sorama in the US and further explore the possibilities of integrating our technologies.”
“Sorama looks forward to expanding our partnership with Axis to the US,” said Bart Vaes, VP Sales & Marketing. “We want to help make cities safer, quieter, and more livable. Our technology produces valuable insights from sound measurements, and when we combine that with state-of-the-art solutions from our trusted partners like Axis, it creates unmatched solutions for our customers.”
Axis Technology Integration Partner Program
The Axis Technology Integration Partner Program provides member companies with exclusive access to world-class tools, knowledge and business and technical support. As a result, partners build and release quality software and hardware solutions with Axis integration that benefit their customers, the marketplace, and their business. Learn more about the Axis Technology Integration Partner Program at: www.axis.com/partner/technology-integration-partner-program
Chris Shanelaris, Public Relations, Americas, Axis Communications
Ph: (978) 614-3023
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TULSA, Okla.--(BUSINESS WIRE)--Williams (NYSE: WMB) today announced that it has acquired NorTex Midstream, a fully contracted natural gas pipeline and storage asset located in north Texas, from an affiliate of Tailwater Capital. The $423 million transaction, which closed on August 31, 2022, includes approximately 80 miles of natural gas transmission pipelines and 36 Bcf of natural gas storage in the Dallas-Fort Worth market. The NorTex assets provide critical service to approximately 4 GW of gas fired power generation, enabling Texas energy providers to successfully meet peak demands. In addition to providing critical gas supply to power generation in north Texas, these assets also position Williams to provide storage services for Permian gas directed toward growing Gulf Coast LNG demand.
“Serving one the fastest growing population centers in the United States, this irreplaceable natural gas infrastructure is critical to bridging the gap between limited supplies and periods of peak demand, while supporting the viability of intermittent renewables like solar and wind,” said Williams President and CEO Alan Armstrong. “During the extreme cold of Winter Storm Uri, the NorTex pipeline and storage facilities reliably provided gas to residential customers and electric power plants throughout the entire storm. We see significant upside to integrating these assets, especially when combined with our existing transmission and storage capabilities.”
Advisors
BofA Securities acted as exclusive financial advisor to Williams, and Davis Polk and Wardwell LLP served as legal counsel to Williams. Wells Fargo Securities, LLC acted as exclusive financial advisor to Tailwater and NorTex, and Kirkland & Ellis served as legal counsel to Tailwater and NorTex.
About Williams
As the world demands reliable, low-cost, low-carbon energy, Williams (NYSE: WMB) will be there with the best transport, storage and delivery solutions to reliably fuel the clean energy economy. Headquartered in Tulsa, Oklahoma, Williams is an industry-leading, investment grade C-Corp with operations across the natural gas value chain including gathering, processing, interstate transportation, storage, wholesale marketing and trading of natural gas and natural gas liquids. With major positions in top U.S. supply basins, Williams connects the best supplies with the growing demand for clean energy. Williams owns and operates more than 30,000 miles of pipelines system wide – including Transco, the nation’s largest volume and fastest growing pipeline – and handles approximately 30 percent of the natural gas in the United States that is used every day for clean-power generation, heating and industrial use. Learn how the company is leveraging its nationwide footprint to incorporate clean hydrogen, next generation gas and other innovations at www.williams.com.
Portions of this document may constitute “forward-looking statements” as defined by federal law. Although the company believes any such statements are based on reasonable assumptions, there is no assurance that actual outcomes will not be materially different. Any such statements are made in reliance on the “safe harbor” protections provided under the Private Securities Reform Act of 1995. Additional information about issues that could lead to material changes in performance is contained in the company’s annual and quarterly reports filed with the Securities and Exchange Commission.
MEDIA:
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(800) 945-8723
INVESTOR CONTACT:
Danilo Juvane
(918) 573-5075
Grace Scott
(918) 573-1092
AKRON, Ohio--(BUSINESS WIRE)--#DOE--J.W. Didado Electric announced today that it has signed a teaming agreement with Newpoint Gas to serve as a design assist and installation partner and provide electrical and grid services work on the redevelopment of the former U.S. Department of Energy’s Portsmouth Gaseous Diffusion Plant (PORTS) into an advanced hydrogen generation, decarbonization and combustion clean energy manufacturing facility near Piketon, Ohio.
The centerpiece of the h2Trillium Energy and Manufacturing (h2TEAM) Complex, the $1.5 billion project will be an integrated energy system – closed loop manufacturing facility powered by clean hydrogen, with carbon sequestration. At peak, in the construction phase, it will provide approximately 2,900 jobs and, when finished, will produce clean silicon, ammonia, and power.
“We look forward to working with Newpoint and the other partners on this innovative and groundbreaking endeavor,” said J.W. Didado President Dan Sublett. “Our parent company, Quanta Services, is an industry leader in clean energy projects and we are excited to lend our collective expertise and abilities to such an important project, one that will also create well-paying jobs for our union partners.”
“We appreciate the opportunity to add J.W. Didado and Quanta Services to the team developing the clean power and manufacturing complex in Pike County,” said Wiley Rhodes, CEO of Newpoint Gas. “The Didado family established their electrical services company in Ohio more than 60 years ago and built it into the premier electrical contractor covering Appalachia. J.W. Didado’s ability to provide a highly skilled union workforce and materials as well as its electrical and grid construction expertise further builds on the foundation for this important clean energy project,” he said.
Dan Shirey, business manager of IBEW Local 575 noted, “The International Brotherhood of Electrical Workers has been involved with the project for more than a year now, partnering with other union leaders, industry experts, and elected officials. With union contractor J.W. Didado Electric on board, rest assured this project will provide great union wages and benefits to those who build it and provide a much-needed economic boost for the local communities that surround the site. Thanks to passage of the Inflation Reduction Act, this project will become a reality and support the livelihood of union families for years to come."
Stephanie Howe and her team at the Ohio University Voinovich School of Leadership and Public Service began working with Southern Ohio Diversification Initiative (SODI) to redevelop the DOE Portsmouth site in 2010. Newpoint joined that effort in 2020 to help define the redevelopment and launched the initiative in March 2022. Working with the SODI, Babcock & Wilcox, Ohio University, J.W. Didado, and other technical partners the team intends to pursue a part of the $8 billion Department of Energy Hydrogen Hub (H2Hubs) grant for central Appalachia. If awarded, the grant of the funds will be invested in additional development of hydrogen production and infrastructure bringing more jobs to the region.
About J.W. Didado Electric
J.W. Didado is a full-service electrical contractor providing high-performance solutions to a variety of commercial, industrial, and residential customer needs. The company’s readily available manpower and equipment allow it to successfully perform on projects of any size or type. For more information, visit http://www.jwdidado.com.
About Quanta Services
Quanta Services is a leading specialized contracting services company, delivering comprehensive infrastructure solutions for the utility, communications, pipeline, and energy industries. Quanta's comprehensive services include designing, installing, repairing, and maintaining energy and communications infrastructure. With operations throughout the United States, Canada, Australia and select other international markets, Quanta has the manpower, resources and expertise to safely complete projects that are local, regional, national, or international in scope. For more information, visit www.quantaservices.com.
Dr. Bill Paolillo
Vice President - Strategic Alliances & Advanced Technologies
J.W. Didado Electric
330-604-0527
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New Brand Reinforces Commitment to Driving Transparency and Connecting Value Chain Analysis for Energy Markets
GREENWOOD VILLAGE, Colo.--(BUSINESS WIRE)--#crudeoil--East Daley Capital Advisors, Inc. announced today that it has changed its name to East Daley Analytics effective immediately. The new name reflects the company’s continued focus on dissecting the energy value chain including upstream, downstream, and midstream oil and gas.
East Daley Analytics is the energy industry’s most trusted source for energy data and is focused on providing the most robust data analytics to inform client decisions. Specializing in dissecting the energy value chain, East Daley Analytics delivers unbiased, actionable market intelligence focused on commodity market dynamics and capital market impacts through detailed asset level analysis.
“We know that our clients don’t always have the time and resources to go deep in researching assets, monitoring the competition, and conducting due diligence on an ongoing basis,” said Justin Carlson, Co-Founder and COO/CSO of East Daley Analytics. “Our new name and rebrand more accurately reflect our continued commitment to drive transparency in the energy markets by providing the most critical macro and micro insights to supplement our clients’ decisions and long-term strategy.”
East Daley Analytics connects the value chain analysis of energy markets and delivers data insights through both its subscription and advisory services.
East Daley Analytics’ Subscription Services includes comprehensive weekly reports and coverage at the asset-level as well as quarterly earnings previews and production and constraint data on a regular basis. This macro view of the market helps companies save time by having access to this detailed information all in one place, so they can easily identify opportunities and mitigate risk.
East Daley Analytics’ Advisory Services includes customized commodity and financial analysis of the energy market down to the asset level. The company’s analysts provide analysis of all aspects of the energy market including upstream, midstream, and downstream assets, competitive factors, and forecasts to help them determine risk based on potential growth. It also helps clients quickly get up-to-speed and, based on the market data and consulting services provided, have full confidence in their decisions.
East Daley recently launched several new products including Natural Gas Supply and Demand Forecast Report and Data Set, Energy Data Studio NGL Network Model, and NGL Purity Product.
East Daley Analytics’ Supply and Demand Forecast Report and Data Set is a first of its kind supply chain model that connects producers through gathering and processing to pipelines for a complete value chain analysis out of each basin. Leveraging East Daley’s patented Gathering & Processing database, this unique methodology triangulates multiple data sets, utilizes forecasts at an asset level and provides a comprehensive macro-view that leverages complex infrastructure relationships.
East Daley Analytics’ Energy Data Studio is a dynamic interface that allows users to access and filter a wide range energy data dashboards. These dashboards are uniquely constructed to triangulate multiple datasets, provide context through geospatial visuals, and forecast infrastructure at an asset level across the oil, gas and NGL sectors.
The East Daley Analytics NGL Network Model includes fractionation capacities, NGL flows, and a future NGL constraints report and dataset. It allows users to follow Y-grade supply through fractionation identifying future constraints based on fractionation capacity vs. Y-grade supply.
The East Daley Analytics NGL Purity Product forecast combines discrete purity product supply histories and forecasts into an easily accessible data file that clients can leverage to analyze future supply by basin, sub-PADD, or PADD.
Along with the name change, a newly redesigned company logo and website have been revealed, showcasing the company’s ongoing commitment to drive energy transparency.
About East Daley Analytics, Inc.
East Daley Analytics specializes in dissecting the energy value chain to drive transparency. The company has built the largest U.S. energy asset database to cash flow to help identify which assets are most important and isolate their operational value. It can help with the heavy lifting by providing access to capital and commodity market experts through both subscription and advisory services. For more information visit, http://www.eastdaley.com.
East Daley Analytics
Meredith Bagnulo
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303-513-7494
HANGZHOU, China--(BUSINESS WIRE)--By XinhuaNet. On September 7-8, the China-Europe-Africa Green Energy Development Forum with the theme of ‘Respond to Climate Change and Promote Green Energy Common Development of China-Europe-Africa’, was held in Hangzhou, Zhejiang Province, China. This forum is hosted by China-EU Association and Zhejiang Provincial People’s Association For Friendship with Foreign Countries, directed by Chinese People's Association for Friendship with Foreign Countries, undertook by Hangzhou People's Association for Friendship with Foreign Countries, CHINT Charity Foundation and Sida Times Group. Forum helps China, Europe and Africa to exchange the experience of new energy and promote high-quality development in the era of carbon neutrality, aiming to build a China-Europe-Africa green energy development community.
The initiative of China-Europe-Africa Green Energy Development Forum (Hangzhou) was officially released on the closing ceremony of the forum.
Facing the increasingly serious global issues such as climate change, environmental risk challenges, energy and resource constraints, achieving green and low-carbon sustainable development has become a common consensus in the international community.
Contact: Liu Huanzhen
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Tel: +86137 7745 0310
Website: http://zj.news.cn/2022-09/08/c_1128986647.htm
Bolsters Senior Leadership Team as Spearmint Continues to Deepen its Bench of Talent
MIAMI--(BUSINESS WIRE)--Spearmint Energy (“Spearmint” or the “Company”), a next-generation renewable energy company enabling the clean energy revolution through battery energy storage, today announced that Nick D. Vamvakas, former Managing Director at Investcorp International Inc., has joined the Company as Chief Strategy Officer.
As Chief Strategy Officer, Mr. Vamvakas will work closely with Spearmint’s senior leadership to identify, structure, and execute strategic initiatives aligned with the Company’s mission to accelerate the delivery of stable, inexpensive, renewable energy to the power grid. Such initiatives will range from sourcing and executing new partnerships to business development and Company expansion efforts, including via new markets, product lines and services.
“Nick brings significant leadership, business strategy and problem-solving experience to Spearmint, and we are pleased to welcome him to our team as we continue to strengthen our bench of talent,” said Richard Cardone, Chief Operating Officer of Spearmint. “Our ability to attract a high-integrity professional of his caliber is a clear testament to the unique value proposition of the Spearmint platform. We look forward to leveraging Nick’s deep alternative investment expertise and industry relationships as we seek to implement strategic initiatives that will cement Spearmint at the forefront of the clean energy revolution.”
“Since launching this May, Spearmint has proven itself a force to be reckoned with due to its execution-oriented team, collaborative culture, fresh perspectives on solving today’s energy crisis, and importantly, double impact of driving profitability while adding much-needed services to the grid,” added Mr. Vamvakas. “I am thrilled to join Spearmint at such an exciting time not only in the Company’s evolution, but also for the energy storage industry broadly in light of the recent passing of the Inflation Reduction Act.”
Mr. Vamvakas brings nearly 30 years of experience across the alternative investment industry to Spearmint. At Investcorp, he was responsible for overseeing the firm’s multi-billion-dollar Absolute Return businesses of hedge fund partnerships, special opportunity products and structuring activities. Previously, Mr. Vamvakas held senior management positions for various companies both domestically and internationally at Société Générale Group, culminating with his role as Managing Director of Lyxor Asset Management. Throughout his 16-year tenure with Société Générale, he developed, implemented, and managed seeding and in-house fund offerings, oversaw North American sales and helped strategically reposition a business line abroad to optimize its benefits to the market. Mr. Vamvakas earned a B.S. in Finance from DePaul University and is a former member of the National Futures Association.
Mr. Vamvakas’ appointment follows other notable hires Spearmint has made since founding the Company, including Audrey Copeland as SVP of Strategy and Origination, Nick Dazzo as Head of Trading, and Prudence Heck as Head of Research and Analytics. As Spearmint continues to expand its footprint and offerings, the Company plans to add to its roster of talent.
About Spearmint Energy
Founded by energy industry veteran Andrew Waranch in partnership with Kevin Kelley, CEO of Roscommon Analytics LLC, Spearmint is a next generation renewable energy company enabling the clean energy revolution through battery energy storage. The Spearmint platform is comprised of three distinct strategies, including battery and solar project development, energy storage offtake, and renewables power trading. For more information, please visit: https://www.spearmintenergy.com/
Media:
Amanda Shpiner/Sara Widmann
Gasthalter & Co.
(212) 257-4170
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LONDON--(BUSINESS WIRE)--Westinghouse Electric Company and ENUSA announced during the World Nuclear Symposium their intent to collaborate on VVER-440 fuel fabrication.
This expanded partnership will build on decades of performance delivering a Western alternative to Russian fuel in the European market. There are currently 16 nuclear reactors in Europe operating with VVER-440 fuel and utilities in the region are actively looking for alternatives to Russian-supplied fuel.
Mariano Moreno, ENUSA President and CEO, firmly believes that "this declaration of intent demonstrates our mutual commitment with energy security throughout Europe in an especially difficult context, as we build on our past successful experience supplying nuclear fuel to Loviisa nuclear power plant in Finland."
“We have a mutual interest in partnering in VVER-440 fuel manufacturing and potentially other related areas. With our proven track record supplying for VVER reactors, we stand ready to support even greater energy security for our customers and European countries,” said Tarik Choho, Westinghouse President of Nuclear Fuel. “We look forward to strengthening our partnership with ENUSA and leveraging their valuable experience in this field.”
Westinghouse and ENUSA have partnered since 1974 under a Pressurized-Water Reactor (PWR) fuel technology transfer agreement in support of nuclear plants in Spain, Belgium, and France among others. Through the Westinghouse-ENUSA partnership, nearly 750 VVER-440 fuel assemblies were delivered to the Loviisa Nuclear Plant in Finland between 2002 and 2007. The companies also collaborated on the European Supply of Safe Nuclear Fuel (ESSANUF) HORIZON 2020 project from 2015 to 2017.
Westinghouse Electric Company is shaping the future of carbon-free energy by providing safe, innovative nuclear technologies to utilities globally. Westinghouse supplied the world’s first commercial pressurized water reactor in 1957 and the company’s technology is the basis for nearly one-half of the world's operating nuclear plants. Over 135 years of innovation makes Westinghouse the preferred partner for advanced technologies covering the complete nuclear energy life cycle. For more information, visit www.westinghousenuclear.com and follow us on Facebook, LinkedIn and Twitter.
ENUSA is a public company, owned by the Sociedad de Participaciones Industriales (SEPI). ENUSA divides its activity into three main business areas: nuclear, environmental and logistics. The company focuses its nuclear business on the first part of the fuel cycle, which it markets both nationally and internationally, offering services related to uranium procurement, design and engineering, manufacturing, plant services and decommissioning and waste management. ENUSA is the parent company of the ENUSA Group, which is composed together with the subsidiaries EMGRISA and ETSA, dedicated respectively to the environmental and logistics business. For more information, visit www.enusa.es and follow us on our social networks.
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Latest fund demonstrates Ardian’s leadership in the infrastructure investment mid-market segment in America
NEW YORK--(BUSINESS WIRE)--#energy--Ardian, a world-leading private investment house, today announced the final closing of US$2.1bn for its latest Americas infrastructure fund – Ardian Americas Infrastructure Fund V (AAIF V). Continuing its successful investment strategy, AAIF V will invest in high-quality, mid-market US and other OECD American essential infrastructure assets in the telecommunications, transportation, and energy transition sectors.
The Ardian Infrastructure team now has over US$21bn assets under management across the globe. AAIF V was significantly oversubscribed, exceeding its hard cap of US$2.0bn, and significantly larger than the inaugural AAIF IV which raised US$800mm in 2018.
The successful fundraise attracted over 60 investors from 17 countries across the Americas, Europe, Middle East and Asia, comprising major pension funds, insurance companies, sovereign wealth funds, Fund of Funds, endowments and high-net-worth investors. With a mix of returning investors, who on average doubled their previous commitments to the strategy, and new investors, the successful fundraising of AAIF V demonstrates the growing appetite for Ardian’s Americas infrastructure and asset management strategies.
“We are thankful for the support of our new and existing investors. The success of our latest fundraise clearly demonstrates their continued trust in our approach. We will continue to prioritize long-term value creation through our disciplined industrial approach.”
● MATHIAS BURGHARDT ● MEMBER OF THE EXECUTIVE COMMITTEE AND HEAD OF ARDIAN INFRASTRUCTURE
“Closing a fund that is more than 2.5 times larger than its predecessor is an important achievement for the team and validation of our investment strategy in the Americas. The amount recommitted by our existing investors is further testament to the strong performance of the previous generation.”
● STEFANO MION ● CO-HEAD OF ARDIAN INFRASTRUCTURE AMERICAS
“The market opportunity for high-quality, mid-market infrastructure assets is compelling, and even more so with the powerful tailwinds from the Inflation Reduction Act. Our ability to leverage Ardian’s strong proprietary deal flow along with our industrial approach positions us exceptionally well in the current environment.”
● MARK VOCCOLA ● CO-HEAD OF ARDIAN INFRASTRUCTURE AMERICAS
Since Ardian launched its dedicated Americas infrastructure fund in 2018, the team has deployed more than US$1bn in six investments across the energy, renewables and transportation sectors. It also grew the headcount of Ardian Americas infrastructure investment team to 13 over the past four years.
The team will continue to leverage its international network of industrial partners, construction companies and infrastructure operators, while continuing its successful approach of developing long-term relationships with local stakeholders, communities and regulators.
The fund is already over 15% committed via an infrastructure transaction acquiring Unison, a leading buyer and manager of telecom site properties in the U.S., to build a global platform of wireless infrastructure assets.
Ardian is an international leader in essential infrastructures. The Infrastructure team, which comprises more than 60 investment professionals worldwide including financial experts, operational engineers and data scientists, manages more than US$21bn. Ardian Infrastructure believes that bringing technological innovation is a key element of value creation through the increase of the assets operational efficiency. Ardian is also a pioneering manager in decarbonizing infrastructure assets in line with global climate change agreements. As part of its commitment, Ardian is developing a major renewable energy portfolio and introducing energy efficiency policies across all of its portfolio companies.
ABOUT ARDIAN
Ardian is a world leading private investment house, managing or advising $141bn of assets on behalf of more than 1,300 clients globally. Our broad expertise, spanning Private Equity, Real Assets and Credit, enables us to offer a wide range of investment opportunities and respond flexibly to our clients’ differing needs. Through Ardian Customized Solutions we create bespoke portfolios that allow institutional clients to specify the precise mix of assets they require and to gain access to funds managed by leading third-party sponsors. We also provide a specialist service for private clients through Ardian Private Wealth Solutions. Ardian is majority-owned by its employees and places great emphasis on developing its people and fostering a collaborative culture based on collective intelligence. Our 900+ employees, spread across 15 offices in Europe, the Americas and Asia, are strongly committed to the principles of Responsible Investment and are determined to make finance a force for good in society. Our goal is to deliver excellent investment performance combined with high ethical standards and social responsibility. At Ardian we invest all of ourselves in building companies that last.
ardian.com
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ARDIAN US
THE NEIBART GROUP
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Next cleanest peer company has nearly quadruple the rate of carbon dioxide emissions as Constellation
BALTIMORE--(BUSINESS WIRE)--Constellation (Nasdaq: CEG), the nation’s largest producer of carbon-free energy, has by far the lowest rate of carbon dioxide emissions among the 20 largest investor-owned power producers in the United States, according to an independent analysis based on publicly reported air emissions.
Released today, the latest Benchmarking Air Emissions of the 100 Largest Electric Power Producers in the United States report showed that the next cleanest company among the group of 20 had nearly four times the rate of carbon dioxide emissions as Constellation. Constellation’s fleet of nuclear, solar, wind and hydro plants produce about 10 percent of the nation’s carbon-free energy. Nearly 90 percent of the company’s annual energy output comes from carbon-free sources.
“While we have made tremendous progress in lowering emissions, the climate crisis remains an urgent threat and we must continue working toward a more sustainable, clean energy future,” said Joe Dominguez, president and CEO of Constellation. “We are committed to our goal to produce 100 percent of our electricity from carbon-free resources by 2040, while investing in new and emerging technology, increasing domestic energy security and supporting job growth and equitable economic development in the communities we serve.”
The emissions report benchmarks key air pollutant emissions -- including nitrogen oxide, sulfur dioxide, carbon dioxide and mercury -- from the 100 largest U.S. power producers. It relies upon publicly reported generation and emissions data from the U.S. Energy Information Administration and the U.S. Environmental Protection Agency and has established a clear record of the sector’s environmental performance. The report was based on 2021 data, prior to Constellation’s separation from its former parent company, Exelon, in February 2022. Constellation owns and operates all of Exelon’s former generation assets.
In February 2022, Constellation launched as a standalone company with a nation-leading pledge to deliver 95 percent carbon-free electricity by 2030 and 100 percent by 2040.
Constellation is pursuing multiple technologies to help the company and its customers lower emissions. The company received a U.S. Department of Energy (DOE) grant to test the benefits of using nuclear energy to produce hydrogen at its Nine Mile Nuclear Station on Oswego, N.Y. The company is installing a proton exchange membrane (PEM) electrolyzer that will separate the hydrogen and oxygen molecules in water, resulting in carbon-free hydrogen. Sustainable fuels and other products produced with hydrogen hold the key to decarbonizing industries and processes that defy easy climate solutions, such as long-haul shipping, agriculture, steelmaking and aviation, among others. Constellation is seeking to expand hydrogen production to other plants in its fleet as part of a broader DOE effort to develop the hydrogen economy and is exploring ways to reduce emissions at its fossil plants by blending clean hydrogen with natural gas.
The company received a separate DOE grant in April to explore the potential for direct air capture technology at the company’s Byron nuclear plant in Northern Illinois. While nuclear plants produce no carbon emissions, direct air capture technology removes carbon dioxide directly from the atmosphere, a possible next-generation technology to combat the climate crisis.
Among its other climate initiatives, Constellation has partnered with Microsoft on the development of a 24/7/365 carbon-free energy matching technology that will help customers achieve true zero emissions, as opposed to the current practice of annualizing renewable energy certificates and credits. The product will match a customer’s energy needs with local, carbon-free energy sources on an hour-by-hour basis.
You can learn more about Constellation’s efforts to accelerate the transition to a carbon-free future, mitigate the climate crisis and support energy equity and environmental justice in our 2022 Sustainability Report.
About Constellation
Constellation Energy Corporation (Nasdaq: CEG) is the nation’s largest producer of clean, carbon-free energy and a leading supplier of energy products and services to millions of homes, institutional customers, the public sector, community aggregations and businesses, including three fourths of Fortune 100 companies. A Fortune 200 company headquartered in Baltimore, our fleet of nuclear, hydro, wind and solar facilities have the generating capacity to power approximately 20 million homes and provide 10 percent of all carbon-free energy on the grid in the U.S. Our fleet is helping to accelerate the nation’s transition to clean energy with more than 32,400 megawatts of capacity and annual output that is nearly 90 percent carbon-free. We have set a goal to achieve 100 percent carbon-free power generation by 2040 by leveraging innovative technology and enhancing our diverse mix of hydro, wind and solar resources paired with the nation’s largest nuclear fleet. Follow Constellation on Twitter @ConstellationEG.
Paul Adams
Corporate Communications
410-470-4167
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