Experienced Strategist to Spearhead Government Affairs Amidst Climate Legislation Implementation
SAN DIEGO--(BUSINESS WIRE)--#ChargeNetStations--ChargeNet Stations, an electric vehicle (EV) fast-charging station development and software company, announces its new Head of Public Policy, Erica Dahl.
Dahl is a forward-thinking, influential legislative expert with vast experience in regulatory compliance and government relations. She joins the leadership team as ChargeNet Stations opens its first ultra-fast, solar-powered EV charging station in a quick-serve restaurant parking lot next month.
“Erica is a policy veteran who has led government alliances and initiatives for a variety of industries at the local, state, and federal levels for 25 years. She is well-versed in clean energy, having spent six years directing policy at Vivint Solar, and can have an immediate impact as we work with California’s leaders to implement the climate aspects of the Inflation Reduction Act,” said Tosh Dutt, CEO and Co-founder of ChargeNet Stations.
In addition to her policy leadership at Vivint Solar, Dahl led government relations at the Austin, Texas-based software company findhelp, reporting directly to the CEO, and, prior to that spent 16 years in government relations in the healthcare and banking industries. She earned a master’s degree in Public Policy from Georgetown University.
“ChargeNet Stations is focused on making EV charging accessible to everyone, especially in marginalized communities – we are on a mission to democratize EV charging,” said Head of Policy Erica Dahl. “This is a time in our country’s history in which we can make a positive impact, and it also provides an unprecedented challenge as government entities work together to implement new laws designed to preserve the planet.”
ChargeNet Stations opens its first set of ultra-fast, solar-powered EV charging stations at a South San Francisco Taco Bell®. ChargeNet Stations enables restaurants to store renewable energy for fast EV charging and affords restaurant franchisees the capability to save up to 20 percent on energy costs.
Customers get a 212+-mile-plus charge in 10 minutes, or less, for about $20, while enjoying a hot meal. The San Diego-based company is on track to open dozens more stations this year – all at quick-serve restaurants, more than half of which are in underserved communities.
Some 155 California Taco Bell restaurants will be equipped with ChargeNet Stations’ ultra-fast charging, energy storage, renewable energy, and software technology. The company will be expanding to other brands, soon to be announced, as well.
ChargeNet Stations was co-founded by CEO Tosh Dutt, COO Venus Jenkins, and CTO Rebecca Wolkoff. To learn more about ChargeNet Stations, and review employment opportunities, visit ChargeNetStations.com and on Twitter @ChargeNetStnUS.
About ChargeNet Stations
ChargeNet Stations is an electric vehicle fast-charging station development and AI-driven software company. Our software platform creates a seamless opportunity for Quick Serve Restaurants to offer customers a superior EV charging experience in mere minutes. ChargeNet Stations’ hardware-agnostic SaaS platform, ChargeOpt, optimizes EV chargers and renewable energy to transform parking lots into profit centers.
Elizabeth L. Driscoll – This email address is being protected from spambots. You need JavaScript enabled to view it.
480-766-3794
HAMILTON, Bermuda--(BUSINESS WIRE)--Valaris Limited (NYSE: VAL) (“Valaris” or the “Company”) announced today that it has received a payment of $40 million from its joint venture ARO Drilling, representing a partial early repayment of its shareholder notes receivable. Following this payment, Valaris has shareholder notes receivable totaling approximately $403 million, with $225 million due in October 2027 and approximately $178 million due in October 2028.
President and Chief Executive Officer Anton Dibowitz said, “ARO is an important strategic asset for Valaris, providing a unique partnership with the largest customer for jackups in the world. We are excited by ARO’s growth prospects over the next several years through its 20-rig newbuild program, backed by attractive long-term contracts with Saudi Aramco.”
Dibowitz added, “ARO is actively exploring financing options for its newbuild rigs and expects financing to be secured prior to delivery of newbuilds 1 and 2 in the first half of 2023. The partial early repayment of our shareholder notes demonstrates ARO’s confidence that the newbuild rigs will be financed by third-party financing and cash from ARO operations. We do not expect that either Valaris or Saudi Aramco will need to provide any additional financing to ARO to fund the newbuild program.”
About Valaris Limited
Valaris Limited (NYSE: VAL) is the industry leader in offshore drilling services across all water depths and geographies. Operating a high-quality rig fleet of ultra-deepwater drillships, versatile semisubmersibles and modern shallow-water jackups, Valaris has experience operating in nearly every major offshore basin. Valaris maintains an unwavering commitment to safety, operational excellence, and customer satisfaction, with a focus on technology and innovation. Valaris Limited is a Bermuda exempted company (Bermuda No. 56245). To learn more, visit our website at www.valaris.com.
Cautionary Statements
Statements contained in this press release that are not historical facts are 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. Forward-looking statements include words or phrases such as "anticipate," "believe," "estimate," "expect," "intend," “likely,” "plan," "project," "could," "may," "might," “should,” “will” and similar words. The forward-looking statements contained in this press release are subject to numerous risks, uncertainties and assumptions that may cause actual results to vary materially from those indicated, including the COVID-19 outbreak and global pandemic and the related public health measures implemented by governments worldwide; the cancellation, suspension, renegotiation or termination of drilling contracts and programs, including drilling contracts which grant the customer termination rights if final investment decision (FID) is not received with respect to projects for which the drilling rig is contracted; oil and natural gas price volatility, customer demand for drilling rigs; downtime and other risks associated with offshore rig operations; severe weather or hurricanes; changes in worldwide rig supply, competition and technology; risks inherent to shipyard rig reactivation, upgrade, repair or maintenance; our ability to enter into, and the terms of, future drilling contracts; suitability of rigs for future contracts; governmental regulatory, legislative and permitting requirements affecting drilling operations; our ability to obtain financing, fund capital expenditures and pursue other business opportunities; the effects of our emergence from bankruptcy on the Company's business, relationships, comparability of our financial results and ability to access financing sources; actions taken by regulatory authorities or other third parties, including related to the COVID-19 global pandemic; increased scrutiny of Environmental, Social and Governance (“ESG”) practices and reporting responsibilities; changes in customer strategy; future levels of offshore drilling activity; governmental action, civil unrest and political and economic uncertainties; terrorism, piracy and military action; environmental or other liabilities, risks or losses; debt agreement restrictions that may limit our liquidity and flexibility; failure to satisfy our debt obligations; and cybersecurity risks and threats. In addition to the numerous factors described above, you should also carefully read and consider “Item 1A. Risk Factors” in Part I and “Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations” in Part II of our most recent annual report on Form 10-K, which is available on the Securities and Exchange Commission’s website at www.sec.gov or on the Investor Relations section of our website at www.valaris.com. Each forward-looking statement speaks only as of the date of the particular statement and we undertake no obligation to update or revise any forward-looking statements, except as required by law.
Investor & Media Contacts:
Darin Gibbins
Vice President - Investor Relations and Treasurer
+1-713-979-4623
Tim Richardson
Director - Investor Relations
+1-713-979-4619
DUBLIN--(BUSINESS WIRE)--The "Process Oil Market by Type (Aromatic, Paraffinic, Naphthenic, Non-carcinogenic), Function (Extender Oil, Plasticizer, Solvent, Defoamer), Production Technology (Convention Route, Gas to Liquid, Bio-based), Application and Region - Global Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.
The market size of process oil is estimated to grow from USD 4.8 billion in 2022 to USD 5.3 billion by 2027, at a CAGR of 2.1% during the forecast period. The process oil market is on course for intense growth across different applications such as tire & rubber, polymer, personal care, textile, and other applications.
Tire & rubber was the leading application segment of process oil market in 2021
By application, the tire & rubber segment was the largest in the process oil market, in 2021, in terms of value. The growth of this segment can be attributed to the increase in demand for process oils as carrier oils, plasticizers, dust control agents, and processing aids in the automotive industry.
Naphthenic type was the leading segment of process oil market in 2021
By type, the naphthenic segment was the largest in the process oil market, in 2021, in terms of value. Naphthenic process oils are light-colored and non-staining compounds with properties such as thermal stability and excellent compatibility with synthetic elastomers. These oils have greater solvating power than paraffinic oils. They are highly stable at high temperatures and have low viscosity.
Asia Pacific was the leading region of process oil market in 2021
Asia Pacific is one of the major markets for naphthenic process oil, in terms of value. The Asia Pacific is the leader in the process oil market, and this dominance is expected to continue during the forecast period as well. Key countries in the Asia Pacific process oil market include China, Japan, South Korea, and India, which dominated the region's overall market in terms of volume, in 2021. The growing rubber and tire industries in emerging countries of Asia Pacific are expected to drive the growth of the process oil market in the region.
Market Dynamics
Drivers
Restraints
Opportunities
Challenges
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/reports/5571441/process-oil-market-by-type-aromatic-paraffinic?utm_source=BW&utm_medium=PressRelease&utm_code=rkbc9n&utm_campaign=1746876+-+The+Worldwide+Process+Oil+Industry+is+Expected+to+Reach+%245.3+Billion+by+2027&utm_exec=jamu273prd
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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DALLAS--(BUSINESS WIRE)--Pioneer Natural Resources Company (NYSE:PXD) today announced that Chief Executive Officer, Scott Sheffield, will present at the Barclays CEO Energy-Power Conference on Wednesday, September 7, at 10:55 a.m. ET.
The live presentation will be available to the public via webcast - click here. Following the live event, access to an archived version of the webcast will be available by visiting Pioneer’s website at www.pxd.com, selecting ‘Investors,’ and then selecting ‘Earnings & Webcasts.’
Pioneer is a large independent oil and gas exploration and production company, headquartered in Dallas, Texas, with operations in the United States. For more information, visit Pioneer’s website at www.pxd.com.
Pioneer Natural Resources Contacts:
Investors
Neal Shah – 972-969-3900
Tom Fitter – 972-969-1821
Greg Wright – 972-969-1770
Chris Leypoldt – 972-969-5834
Media and Public Affairs
Christina Voss – 972-969-5706
Fermata Energy V2X Bidirectional Charger Allows Business Owners to Utilize Their Nissan LEAF to Help Reduce Energy Costs
CHARLOTTESVILLE, Va.--(BUSINESS WIRE)--#EVSE--Fermata Energy, the leading provider of Vehicle-to-Everything (V2X) services, today announced that its FE-15 bidirectional charger has been approved by Nissan as the first ever bidirectional charger for use with the Nissan LEAF in the U.S.
With Nissan’s approval the Fermata Energy FE-15 charger, along with its UL 9741 certification, has passed key requirements from Nissan, and has been verified to be compatible with the Nissan LEAF. According to Nissan, usage of the approved charger will also not impact the Nissan LEAF’s battery warranty.
Bidirectional charging technology means not only charging the Nissan LEAF, but also sending energy stored in the vehicle battery back to the building or the grid. Using Fermata Energy’s V2X platform, the Nissan LEAF is currently the only fully electric passenger vehicle in the U.S. market able to supply energy to the grid, allowing LEAF owners with the Fermata Energy FE-15 bidirectional charger to park their vehicle, plug it in, and save money with their local electric utility, as well as reduce the total cost of ownership of the vehicle.
“We applaud Nissan for their ongoing leadership in delivering new, meaningful technologies to EV owners. V2X bidirectional charging is an important innovation that enables Nissan LEAF owners to create additional value from the energy stored in the vehicle’s battery. That value helps reduce the total cost of ownership of their car, while supporting grid resilience,” said David Slutzky, CEO and founder of Fermata Energy. “At Fermata Energy, we were the first to receive the UL 9741 certification in the world and now the first to have Nissan’s approval on a bidirectional charger in the U.S.”
Ideal for companies with fleet vehicles, the Fermata Energy Demand Charge Management application, along with the FE-15 charger, continuously monitors a building's electrical loads, looking for opportunities to periodically draw on the Nissan LEAF's energy to provide power to the building during more expensive high-demand periods. In states with utility demand response programs, bidirectionally-enabled Nissan LEAF vehicles (MY2013 and later) are able to safely send energy stored in the battery to the grid during peak energy demand times, such as in summer months.
The Nissan-approved FE-15 bidirectional charger is available for commercial and government fleet owners.
Fermata Energy FE-15 bidirectional chargers are installed at multiple sites across the U.S. In Colorado as part of a vehicle-to-build (V2B) program, the Fermata Energy platform has lowered the electric bills at the Boulder North Recreation Center, saving the city on average $270/month, the approximate cost of leasing a Nissan LEAF in some markets.
In 2021, Fermata Energy raised $40 million, including a Series A round led by The Carlyle Group. Other investors included Verizon Ventures, Skyview Ventures, I Squared Capital and ClearSky.
About Fermata Energy
Park it. Plug it. Profit.TM Fermata Energy’s proprietary vehicle-to-everything (V2X) software platform and bidirectional chargers turn EVs into mobile energy storage assets, making it possible for EVs owners to combat climate change, increase energy resilience, and reduce energy costs. Learn more at www.fermataenergy.com, and follow us on Twitter (@FermataEnergy) and LinkedIn.
For Fermata Energy, Daniel Cherrin, 313-300-0932, This email address is being protected from spambots. You need JavaScript enabled to view it.
HOUSTON--(BUSINESS WIRE)--Crescent Energy Company (“Crescent” or the “Company”) (NYSE: CRGY) today announced the commencement of an underwritten public offering of 5,000,000 shares of its Class A common stock, par value $0.0001 per share (“Class A common stock”), pursuant to a registration statement on Form S-1 filed with the U.S. Securities and Exchange Commission (the “SEC”). The Class A common stock is being offered by Independence Energy Aggregator L.P., the direct beneficial owner of the shares being offered and the entity through which certain unaffiliated limited partners and affiliated entities hold their interests in the Company and its subsidiary Crescent Energy OpCo LLC. The Company will not sell any shares of its Class A common stock in the offering and will not receive any proceeds therefrom. The selling stockholder expects to grant the underwriters a 30-day option to purchase up to an additional 750,000 shares of Class A common stock at the public offering price, less the underwriting discounts and commissions.
Credit Suisse Securities (USA) LLC, KKR Capital Markets LLC, Wells Fargo Securities, LLC, J.P. Morgan Securities LLC, BofA Securities, Inc., RBC Capital Markets, LLC and Truist Securities, Inc. are serving as joint book-running managers for the offering. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.
Concurrently with the closing of the offering, the Company intends to purchase from PT Independence Energy Holdings LLC (“PT Independence”) an aggregate of 2,233,727 units of Crescent Energy OpCo LLC (“OpCo Units”) at a price per share equal to the price per share at which the underwriters purchase shares of Class A common stock in the offering and cancel a corresponding number of shares of the Company’s Class B common stock, par value $0.0001 per share (“Class B common stock”) (the “OpCo Unit Purchase”). If the underwriters exercise their option to purchase additional shares from the selling stockholder in the offering, the Company intends to purchase a number of additional OpCo Units from PT Independence and to cancel a corresponding number of shares of Class B common stock held by PT Independence in equal proportion to the number of additional shares of Class A common stock sold pursuant to the underwriters’ option. The offering of Class A common stock is not conditioned upon the completion of the OpCo Unit Purchase, but the OpCo Unit Purchase is conditioned upon the completion of the offering.
The proposed offering will be made only by means of a prospectus that meets the requirements under the Securities Act of 1933, as amended. A copy of the preliminary prospectus relating to the offering and final prospectus, when available, may be obtained from: Credit Suisse Securities (USA) LLC, Attention: Prospectus Department, 6933 Louis Stephens Drive, Morrisville, NC 27560, Telephone: 1-800-221-1037, or by emailing This email address is being protected from spambots. You need JavaScript enabled to view it.; KKR Capital Markets LLC, 30 Hudson Yards, New York, New York 10001 or by telephone at (212) 750-8300; Wells Fargo Securities, LLC, Attention: Equity Syndicate Department, 500 West 33rd Street, New York, New York 10001, by telephone at (833) 690-2713, or by email at This email address is being protected from spambots. You need JavaScript enabled to view it.; or J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, telephone: 1-212-834-4533 or by emailing at This email address is being protected from spambots. You need JavaScript enabled to view it., or by accessing the SEC’s website at www.sec.gov.
A registration statement, including a prospectus, which is preliminary and subject to completion, relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy the shares of Class A common stock or any other securities, nor shall there be any sale of such shares of Class A common stock or any other securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.
About Crescent Energy Company
Crescent Energy Company is a U.S. independent energy company with a portfolio of assets in basins across the lower 48 states.
Cautionary Note Regarding Forward-Looking Statements
This communication contains “forward-looking statements” within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder. These forward-looking statements include any statements regarding the proposed offering of the Company’s Class A common stock and the OpCo Unit Purchase. These forward-looking statements are identified by their use of terms and phrases such as “may,” “expect,” “estimate,” “project,” “plan,” “believe,” “intend,” “achievable,” “anticipate,” “will,” “continue,” “potential,” “should,” “could,” and similar terms and phrases. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve certain assumptions, risks and uncertainties. Actual results could differ materially from those anticipated in these forward-looking statements as a result of certain factors, including, but not limited to, those set forth in the Company’s filings with the SEC, including its registration statement on Form S-1, its Annual Report on Form 10-K for the fiscal year ended December 31, 2021 and its Quarterly Reports on Form 10-Q for the periods ended March 31, 2022 and June 30, 2022, under the caption “Risk Factors,” as may be updated from time to time in the Company’s periodic filings with the SEC. Any forward-looking statement in this press release speaks only as of the date of this release. The Company undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by any applicable securities laws.
Emily Newport
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DUBLIN--(BUSINESS WIRE)--The "Europe Base Oil Market 2022-2028" report has been added to ResearchAndMarkets.com's offering.
MARKET OUTLOOK
The publisher's report anticipates the European base oil market to surge at a CAGR of 3.32% in revenue from 2022 to 2028. In terms of volume, the market is expected to reach a CAGR of 3.84% CAGR by 2028. France, Germany, the United Kingdom, Italy, Spain, and Rest of Europe are the countries included in this market.
The United Kingdom has a significant presence of renowned market players, such as Shell Plc, Avista Oil AG, and Phillips 66 Company, which is leading the market towards growth. These players devise various strategies to widen the scope of the base oil industry.
For instance, Total Lubricants announced an expansion plan for developing and upgrading its blending plant site at Ferrybridge, in 2020. This plan included purchasing 4 acres of land to enhance the blending process and monitor its warehousing operations. Thus, such factors have boosted the demand for base oil products across wide industries, promoting the growth of this market.
In Germany, factors such as industrial growth and the resulting rise in manufacturing activities, along with product developments and the launch of various base oil products, are substantially driving the growth of the base oil market. According to statistics, the total revenue in the country's manufacturing sector is anticipated to be $3,000 billion in 2022. Growth in manufacturing activities is expected to enhance the demand and adoption of various types of base oil products to ensure that various machines and components used in manufacturing industries operate smoothly and efficiently. Besides, a significant contribution by market players is also strengthening the base oil market in the country.
Market Dynamics
Market Drivers
Market Challenges
Market Opportunities
Key Topics Covered:
1. Europe Base Oil Market - Summary
2. Industry Outlook
3. Europe Base Oil Market Outlook - by Group (In Terms of Value: $ Million & Volume: Kiloton)
4. Europe Base Oil Market Outlook - by Application (In Terms of Value: $ Million & Volume: Kiloton)
4.1. Automotive Oil
4.2. Industrial Oil
4.3. Greases
4.4. Hydraulic Oil
4.5. Metalworking Fluids
4.6. Other Applications
5. Europe Base Oil Market - Regional Outlook (In Terms of Value: $ Million & Volume: Kiloton)
5.1. United Kingdom
5.2. Germany
5.3. France
5.4. Spain
5.5. Italy
5.6. Rest of Europe
6. Competitive Landscape
6.1. Exxon Mobil Corporation
6.2. Chevron Corporation
6.3. Saudi Aramco
6.4. Shell plc
6.5. Neste Oyj
6.6. Gs Caltex Corporation
6.7. Avista Oil AG
6.8. Pt Pertamina (Persero)
6.9. Phillips 66 Company
6.10. Sepahan Oil
6.11. Ergon Inc
6.12. Grupa Lotos
6.13. Nynas Ab
6.14. S-Oil Corporation
6.15. Repsol Sa
7. Research Methodology & Scope
7.1. Research Scope & Deliverables
7.2. Sources of Data
7.3. Research Methodology
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/tqruty
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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AUSTIN, Texas--(BUSINESS WIRE)--USA Compression Partners, LP (NYSE: USAC) (“USA Compression”) today announced that its 2021 Schedule K-3 reflecting items of international tax relevance is available online. Unitholders requiring this information may access their Schedule K-3 at taxpackagesupport.com/usac.
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 855-521-8151.
About USA Compression Partners, LP
USA Compression Partners, LP is a growth-oriented Delaware limited partnership that is one of the nation’s largest independent providers of natural gas compression services in terms of total compression fleet horsepower. USA Compression partners with a broad customer base composed of producers, processors, gatherers and transporters of natural gas and crude oil. USA Compression focuses on providing natural gas compression services to infrastructure applications primarily in high-volume gathering systems, processing facilities and transportation applications. More information is available at usacompression.com.
USA Compression Partners, LP
Nelson Larkin, Tax Director
(512) 369-1604
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--Blast-resistant building (BRB) rental solutions for industrial and high-risk environments--
HOUSTON--(BUSINESS WIRE)--Hunter Buildings’ leasing business, acquired by Crossplane Capital in April 2022, is now operating as Hunter Onsite (HunterOnsite.com). This new, separately managed company launches with an established, industry-leading brand reputation as it continues to rent facilities manufactured by Hunter Buildings, which are renowned for quality and safety.
Rapid rental fleet expansion is underway. Hunter Onsite already serves a long list of petrochemical and industrial companies and other entities which protect personnel and equipment in high-risk areas. Its BRB rental fleet includes single modulars, multi-unit complexes and specialty units, such as permit buildings, restrooms and tool cribs.
“This is an exciting time to emerge as a stand-alone, specialized temporary facilities company. We have a single focus on growing our rental business across existing and new markets,” states Rodney Shrader, Hunter Onsite’s new chief executive officer (CEO). “Our clients trust in the quality of our temporary facilities and highly-skilled team to provide blast-resistant solutions to meet their specific requirements. We look forward to working in partnership with these existing, as well as new, clients to achieve the highest level of safety and productivity.”
With the backing of its ownership group, Hunter Onsite is strategically positioned to play a defining role in the development and deployment of BRB facilities across numerous industry sectors as regulatory requirements and use cases continue to evolve.
About Hunter Onsite
Hunter Leasing dba Hunter Onsite builds on a 20-plus-year reputation for delivering unparalleled quality and service. When it comes to protecting personnel and equipment, HUNTER is the #1 name in safety for blast-resistant buildings (BRBs) in industrial areas, disaster preparedness and conflict zones. Hunter Onsite is known for superior design and construction quality, large inventory with flexible configurations, and unequaled service and support. The company headquarters is in Houston, Texas. Learn more at HunterOnsite.com.
About Crossplane Capital
Crossplane Capital is a private equity firm based in Dallas investing control equity in industrial business services, niche manufacturing and value-added distribution businesses. The firm invests in companies with up to $200 million of revenue and significant value creation upside through prudent net working capital management, rigorous cost optimization and thoughtful revenue growth.
Molly Griffin
443-563-1914
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Laszlo von Lazar, Mike Orth were instrumental to the success of companywide transformation
OVERLAND PARK, Kan.--(BUSINESS WIRE)--Black & Veatch, a leading global provider of critical human infrastructure solutions, announced this week that Laszlo von Lazar, president of the company’s Energy & Process Industries business, and Mike Orth, president of the company’s Governments & Environment business, have been named to Black & Veatch’s Board of Directors.
“Laszlo’s and Mike’s strategic insights and understanding of global megatrends that impact our clients’ businesses, and how we can respond to those with our solutions portfolios, will bring tremendous value to our Board and company,” said Mario Azar, Black & Veatch’s Chairman and CEO. “They each bring more than 30 years of experience in client markets and solutions that are critical to the future growth and success of Black & Veatch.”
A member of Black & Veatch’s leadership team, von Lazar joined Black & Veatch in 2019 to guide global projects for the company’s previous power organization, for which he led engineering, procurement, construction, quality, and business excellence. He was named the company’s president of BV Operations in 2021 and was a key architect in successfully establishing the group as part of a companywide transformation. He became president of Energy & Process Industries in April. His 33 years of experience, including global project leadership for GE and Bechtel, comprises work in conventional power generation, solar and wind generation, transmission and distribution, oil and gas, and industrial markets.
Orth is a water industry expert and 33-year veteran of Black & Veatch. A member of Black & Veatch’s leadership team, he has held several key positions within the company, including as executive vice president and managing director of the company’s former water business in the Americas, where he guided the company’s growth in supply, storage, treatment and conveyance. As president of Governments & Environment, Orth has helped lead Black & Veatch’s successful transformation this year with oversight of the company’s government and water utility businesses, including offerings in environmental, civil works, integrated water solutions, and mission critical and cyber security.
Editor’s Notes:
About Black & Veatch
Black & Veatch is a 100-percent employee-owned global engineering, procurement, consulting and construction company with a more than 100-year track record of innovation in sustainable infrastructure. Since 1915, we have helped our clients improve the lives of people around the world by addressing the resilience and reliability of our most important infrastructure assets. Our revenues in 2021 exceeded US$3.3 billion. Follow us on www.bv.com and on social media.
BRYAN SCRIBNER | +1 913-458-4093 P | This email address is being protected from spambots. You need JavaScript enabled to view it.
24-HOUR MEDIA HOTLINE | +1 855-999-5991
BRYN MAWR, Pa.--(BUSINESS WIRE)--Essential Utilities Inc. (NYSE: WTRG), earlier this summer, announced its subsidiary, Aqua Pennsylvania, Inc., had signed an exclusivity agreement with the Bucks County Water and Sewer Authority (BCWSA) to continue discussions for a potential acquisition. Yesterday those discussions were halted in light of statements by the Bucks County commissioners and BCWSA board chairman.
“While we were surprised and disappointed by the sudden turn of events yesterday, we respect the opinions of the Bucks County elected officials and have offered to remain a resource to them. The professionalism of the staff at the BCWSA was exemplary and we hope to continue those collegial relationships as we work together to solve the water and sewer challenges in our region,” said Essential Chairman and CEO Christopher Franklin.
Franklin continued, “We continue to have a strong pipeline of opportunities and continue to find elected officials interested in potential partnerships across our multi-state footprint. In light of some of the tragic events associated with long-term deferred maintenance in government owned systems across the country, we remain committed to providing viable solutions to water and sewer utilities.”
Essential’s Aqua companies has completed two acquisitions in 2022. The company currently has seven additional signed purchase agreements to acquire water and wastewater systems in three of its existing states, which have a total purchase price of approximately $364.5 million and represent more than 217,000 equivalent retail customers or equivalent dwelling units.
Aqua Pennsylvania serves approximately 1.5 million people in 32 counties throughout the Commonwealth of Pennsylvania. Visit AquaAmerica.com for more information or follow Aqua on Facebook at facebook.com/MyAquaAmerica and on Twitter at @MyAquaAmerica.
About Essential
Essential is one of the largest publicly traded water, wastewater and natural gas providers in the U.S., serving approximately 5.5 million people across 10 states under the Aqua and Peoples brands. Essential is committed to excellence in proactive infrastructure investment, regulatory expertise, operational efficiency and environmental stewardship. The company recognizes the importance water and natural gas play in everyday life and is proud to deliver safe, reliable services that contribute to the quality of life in the communities it serves. For more information, visit http://www.essential.co.
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, among others: the company’s ability to invest capital efficiently, and its ability to enter into the asset acquisition agreement. There are important factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements including the closing of pending acquisitions, our ability to turn existing opportunities into acquisition transactions,; and other factors discussed in our Annual Report on Form 10-K, which is on file with the Securities and Exchange Commission. For more information regarding risks and uncertainties associated with Essential Utilities business, please refer to Essential Utilities annual, quarterly and other SEC filings. Essential Utilities is not under any obligation — and expressly disclaims any such obligation — to update or alter its forward-looking statements whether as a result of new information, future events or otherwise.
WTRGF
Brian Dingerdissen
Essential Utilities Inc.
Investor Relations
O: 610.645.1191
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Sarah Courtright
Communications and Marketing
Media Hotline: 1.877.325.3477
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COLUMBUS, Ohio--(BUSINESS WIRE)--Strive Asset Management (“Strive”) sent a shareholder letter to Chevron, Inc. today - marking the company’s first shareholder engagement letter on behalf of its clients.
Strive calls on Chevron to liberate itself from constraints imposed by its ESG-promoting "shareholders" and to focus exclusively on maximizing long run value for the company's ultimate owners.
The letter - addressed to Chevron’s Chairman & CEO, Michael Wirth - delivers a post-ESG mandate. An excerpt can be found below. The full letter can be viewed through the link here.
Dear Mr. Wirth,
Strive Asset Management recently became a shareholder of Chevron. We write to you and your board of directors on behalf of our clients to deliver what we term a “post-ESG” shareholder mandate.
We believe that Chevron has the potential to become one of the world’s most valuable companies, both in terms of market capitalization and impact on human flourishing. As recently as 2013, Chevron was among the top 10 most valuable public companies in the world by market capitalization. At the beginning of 2022, Chevron did not make the top 50 and is still outside the top 20, but we believe that can change: the growing supply-demand imbalance for energy around the world creates a unique opportunity for a great American oil company like Chevron to meet that need.
To seize this opportunity, Chevron must produce and distribute more fuel to customers around the world – proudly, publicly, and without apology. We are concerned that Chevron faces immense pressure from its large institutional “shareholders” including BlackRock, State Street, and Vanguard to adopt value-destroying limitations on its business that do not align with Chevron’s best interests...
To continue reading the full letter to Chevron, click here.
About Strive Asset Management
Strive is an Ohio-based asset management firm whose mission is to restore the voices of everyday citizens in the American economy by leading companies to focus on excellence over politics. Strive will compete directly with the world’s largest asset managers by launching funds that advance excellence capitalism in boardrooms across corporate America. The company was co-founded by Vivek Ramaswamy and Anson Frericks in 2022 and expects to launch its first product in the third quarter. Learn more at strive.com.
Gregory FCA for Strive Asset Management
Sam Marinelli
610-246-9928
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WAYNE, N.J.--(BUSINESS WIRE)--Castrol and bp pulse’s new study: Switching ON the rEVolution: The road to EV readiness for markets, carmakers and consumers explores opinions from automotive executives and consumers regarding the switch from internal combustion engine (ICE) vehicles to electric vehicles (EV).
The research, which surveyed 100 automotive executives and 10,000 consumers globally, shares key findings from automotive executives.
#Automotive executives working for EV-only carmakers are excluded from these figures
Nicola Buck, SVP Marketing bp and CMO Castrol said:
“It’s an exciting time for the automotive industry and we are committed to working with our industry partners to help bring forward the next generation of technologies and help accelerate the transition to EVs. The world of transport is going electric and products such as Castrol ON EV Fluids and bp pulse charging solutions will have an important role to play.”
Switching ON the rEVolution
Castrol is committed to working with industry partners to accelerate the transition, helping to switch on an electric future. Castrol ON EV Fluids aim to bring the industry closer to overcoming the challenges faced by helping EVs go further1, charge faster2 and last longer3*. bp pulse is committed to helping make the switch to EV easier by building a public charging network and reliable charging products and services, that is fast, simple to use and totally seamless.
For more information and to read the full study please visit: castrol.com/EVreport
*Castrol EV Fluids benefits are demonstrated in bespoke testing and development. 1vs mass market EV factory fill fluid 2vs indirect cooled battery system 3vs standard EV-transmission fluid
*****
Notes to editor:
Switching ON the rEVolution: The road to EV readiness for markets, carmakers and consumers, is a global opinion research study amongst 10,000 consumers and 100 leaders from car manufacturers (C-Suite level executives), exploring levels of readiness for the switch from internal combustion engine (ICE) vehicles to electric vehicles (EVs). It was conducted from November to December 2021 in 10 key markets: ANZ (Australia and New Zealand), China, France, Germany, India, Japan, Nordics (Sweden, Norway, Finland and Denmark), Turkey, UK and the US.
To download the full study visit: www.castrol.com/EVreport
About Castrol:
Castrol, one of the world’s leading lubricant brands, has a proud heritage of innovation and fueling the dreams of pioneers. Our passion for performance, combined with a philosophy of working in partnership, has enabled Castrol to develop lubricants and greases that have been at the heart of numerous technological feats on land, air, sea and space for over 100 years.
Today, Castrol is helping drive sustainability with our new strategy that sets out aims for 2030 to save waste, reduce carbon and improve lives. Castrol is part of the BP group and serves customers and consumers in the automotive, marine, industrial and energy sectors. Our branded products are recognized globally for innovation and high performance through our commitment to premium quality and cutting-edge technology.
To find out more about Castrol please visit www.castrol.com or contact This email address is being protected from spambots. You need JavaScript enabled to view it..
About bp pulse:
Electrification is at the heart of bp’s convenience and mobility strategy, and the company aims to grow its network of public EV charging points by 2030 to over 100,000 worldwide. We currently have around 13,000 charging points globally across key markets in China, Netherlands, Germany, UK, USA and India. We already have a number of scaling businesses and operating partnerships in the charging domain. These include bp pulse UK, Aral pulse in Germany, Xiaoju in China and Jio-bp pulse in India. In 2021, bp pulse acquired AMPLY Power an electric vehicle (EV) charging and energy management provider for fleets that operate trucks, transit and school buses, vans and light-duty vehicles in the US.
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DALLAS--(BUSINESS WIRE)--Primoris Services Corporation (NASDAQ Global Select: PRIM) (“Primoris” or the “Company”) announced today a pipeline award valued over $120 million. The contract was secured by the Pipeline Services Segment.
The award is for the construction of nearly 60 miles of pipeline in Texas. Work is scheduled to commence in the third quarter of 2022 and completion is expected in the second quarter of 2023.
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.
FORWARD LOOKING STATEMENTS
This press release contains certain forward-looking statements that reflect, when made, the Company’s expectations or beliefs concerning future events that involve risks and uncertainties, including the Company’s future performance. Forward-looking statements include all statements that are not historical facts and can be identified by terms such as “anticipates”, “believes”, “could”, “estimates”, “expects”, “intends”, “may”, “plans”, “potential”, “predicts”, “projects”, “should”, “will”, “would” or similar expressions. Forward-looking statements include information concerning our possible or assumed future results of operations, business strategies, financing plans, competitive position, industry environment, potential growth opportunities, the effects of regulation and the economy, generally. Forward-looking statements inherently involve known and unknown risks, uncertainties, and other factors, which may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Actual results may differ materially as a result of a number of factors, including, among other things, the risks described in Part I, Item 1A “Risk Factors” of our Annual Report on Form 10-K for the year ended December 31, 2021, and our other filings with the U.S. Securities and Exchange Commission (“SEC”). Such filings are available on the SEC’s website at www.sec.gov. Given these risks and uncertainties, you should not place undue reliance on forward-looking statements. Primoris does not undertake any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.
Blake Holcomb
Vice President, Investor Relations
Primoris Services Corporation
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NEW YORK--(BUSINESS WIRE)--The Northeast Power Coordinating Council, Inc. (NPCC) is pleased to announce that Mr. Milovan Blair, former Con Edison Executive and NPCC Board Vice Chair, has been appointed to serve as NPCC’s new Independent Board Chair. He succeeds Mr. Harvey Reed who successfully led the Board over the past twelve years.
Mr. Blair recently retired as Senior Vice President of Central Operations at Con Edison Company of New York where he was responsible for planning, designing, operating and maintaining the company’s electric transmission system, substations, primary control center, steam generating plant, steam distribution system and engineering and construction activities. Since 2016, he has also served as a member of NPCC’s Board of Directors, most recently as Vice Chair.
“Milo’s broad expertise in many facets of the power industry combined with his strong Board governance experience positions him extremely well to help advance NPCC’s ongoing mission to assure a highly reliable, resilient, and secure North American electric grid,” said Charles Dickerson, President and Chief Executive Officer of NPCC. “Milo’s deep understanding of the issues facing the industry, as it evolves through the energy transition are essential to help lead the Board in its remit of shaping and directing NPCC’s strategic direction and policy setting.”
Mr. Blair has a Master of Business Administration from St. John’s University and a Bachelor’s degree in electrical engineering from the City University of New York. He also completed the Columbia University Senior Executive Program. His Board experience includes serving on the Boards of the American Association of Blacks in Energy, the Brooklyn Public Library, the Brooklyn Children’s Museum, and Leadership Council Member, City College of New York Grove School of Engineering.
NPCC’s bylaws provide for open, inclusive membership, and fair and non-discriminatory governance with the corporation's activities directed by a balanced Board of Directors to assure fair stakeholder representation and independence. NPCC is governed by a hybrid Board of Directors, consisting of fourteen Stakeholder Directors, two Independent Directors, an Independent Board Chair and the President and CEO.
About NPCC
Northeast Power Coordinating Council, Inc. is one of six Regional Entities located throughout the United States, Canada, and portions of Mexico that, in concert with the North American Electric Reliability Corporation, seeks to assure a highly reliable, resilient, and secure North American bulk power system through the effective and efficient identification, reduction, and mitigation of reliability risks. NPCC’s geographic area includes seven states (Connecticut, Maine, Massachusetts, New Hampshire, New York, Rhode Island, and Vermont) and four Canadian provinces (New Brunswick, Nova Scotia, Ontario, and Québec). Overall, NPCC covers an area of nearly 1.2 million square miles, populated by approximately 56 million people.
NPCC carries out its mission through: (i) the development of regional reliability standards and compliance assessment and enforcement of continent-wide and Regional Reliability standards; (ii) coordination of system planning, design and operations, and assessment of reliability; and, (iii) the establishment of Regionally-specific criteria and monitoring and enforcement of compliance with such criteria.
Stephen Allen
(617) 640-6522
ROSENBERG, Texas--(BUSINESS WIRE)--Seatex, LLC (“Seatex”, or the “Company”), a leading specialty chemical manufacturer and formulator, is pleased to announce the acquisition of ChemQuest Chemicals, LLC (“ChemQuest”), a custom chemical manufacturer headquartered in Pasadena, Texas. For over twenty-five years, ChemQuest has provided custom toll manufacturing services to customers globally, with expertise in complex blending and reactionary synthesis. This acquisition provides Seatex with enhanced production capabilities, increased capacity and a complementary customer base, representing a diverse set of end-markets.
The acquisition will take place immediately, with customers enjoying continuity of business operations and the benefit of the broad range of chemical services offered by both companies.
“ChemQuest’s reputation as a leading custom chemical manufacturer, its expansive technical capabilities, along with an accomplished and experienced team, led by President Clay Pace, made it the perfect fit for Seatex,” stated Jonathan O’Dwyer, CEO of Seatex. “We welcome the ChemQuest team to the Seatex family and believe our combined commitments to service, safety and quality, alongside expanded capacity and enhanced capabilities, will greatly benefit our customer base.”
Added Clay Pace, “We are excited to partner with Seatex and for the opportunity to leverage the broader platform as we aggressively pursue commercial expansion.”
With four manufacturing locations in Texas, Seatex’s combined service offering includes liquid reactions and complex blends, solids and dry blending, expansive packaging capabilities and formulation development, as well as R&D and lab support. With the acquisition of ChemQuest, the new company will be one of Texas’s leading custom toll manufacturers, with the ability to deliver creative and sustainable chemical solutions for all customers.
About ChemQuest
ChemQuest Chemicals, LLC is a custom chemical manufacturer headquartered in Pasadena, Texas providing full-service toll manufacturing services. The Company offers reactionary and complex blending capabilities as well as product development support. For more information, visit www.chemquestchemicals.com.
About Seatex
Seatex, LLC, is a specialty chemical manufacturer with facilities in Rosenberg and El Campo, Texas. They offer comprehensive chemical blending, processing and packaging solutions for the oil & gas, industrial, cleaning and agriculture industries. Turnkey chemical services include R&D, lab services, product development, custom packaging and logistics for companies who want to outsource any aspect of their chemical manufacturing. Seatex is ISO 9001: 2015 verified and holds a Chemical GMP Certification. Visit www.seatexcorp.com.
Jonathan O’Dwyer, CEO
713-357-5300
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seatexcorp.com
LEMONT, Ill.--(BUSINESS WIRE)--The U.S. Department of Energy (DOE) has awarded DOE’s Argonne National Laboratory and a team of academic and community leaders $25 million over five years to study climate change effects at local and regional levels. This new research will empower communities to identify solutions that address future effects of climate change.
Argonne and partners will establish an Urban Integrated Field Laboratory called Community Research on Climate and Urban Science (CROCUS) focusing on the Chicago region. CROCUS will use community input to identify specific areas of urban climate change to study, ensuring that research results directly benefit local residents. CROCUS researchers will also work with organizations and students to collect on-the-ground data and develop climate models.
Chicago is already experiencing disruption from climate change in the form of extreme weather, flooding, drought and heat waves. Unfortunately, the neighborhoods that are most at risk for climate-related disasters have historically been understudied and unable to access the resources or services they need. That’s why CROCUS has strong representation from local organizations to develop its research goals.
Researchers will measure environmental conditions; explore how trees, open spaces, buildings, expressways and Lake Michigan shape Chicago’s climate; and examine how the Chicago area influences climate regionally. The study will create highly detailed climate models to reveal the impact of climate change on individual neighborhoods. This ability to predict how climate will evolve at a much smaller scale—even down to street level—will help communities identify and vet solutions to make neighborhoods resilient against the effects of a changing climate.
Argonne is partnering with local, regional, and national colleges and universities who will recruit and train the next generation of climate and environmental researchers. To address the underrepresentation of people of color in this field of study, the CROCUS collaborative includes minority-serving institutions and historically black colleges and universities. The research team also includes community-based organizations on Chicago’s South and West Sides, ensuring researchers deliver information critical to neighborhoods.
“If we understand how climate and urban systems interact, we can address the challenge in a fair, equitable and sustainable way,” said Cristina Negri, director of Argonne’s Environmental Sciences Division and CROCUS lead. “By advancing the science, we can help neighborhoods, governments and communities envision a climate-ready future. We’re all in this together.”
CROCUS is funded by the Biological and Environmental Research program in the DOE’s Office of Science.
Christopher J. Kramer
Head of Media Relations
Argonne National Laboratory
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Office: 630.252.5580
BASINGSTOKE, England--(BUSINESS WIRE)--It is with great pleasure that Juniper Research announces the 2022 winners of the Future Digital Awards for Smart Cities & IoT Innovation. This year’s awards received a record number of applications; making choosing winners more difficult than ever.
Juniper Research’s FDAs (Future Digital Awards) for Smart Cities & IoT Innovation recognise the most groundbreaking and impactful solutions in the smart cities and IoT spaces operating across numerous areas, including: IoT security, edge computing, private cellular networks and urban mobility.
The winners in each category, following our extensive application and judging process, are as follows:
Judges’ Choice
IoT Innovation
Sustainability & Smart City Innovation
iBasis Wins for Platinum for Best IoT Device Management Platform
Ajay Joseph, CEO of IOT iBASIS, said: "We are honoured that our Simfony IoT Connectivity Management Platform, part of the iBASIS Global Access for Things IoT™ portfolio, has been recognised for its leading contribution to the industry. The state-of-the-art tool is a fully featured management platform for remotely programmable SIMs (eSIMs). It ensures rapid time-to-market and elasticity for an unlimited number of connected devices, while enabling complete visibility and control over connected assets and applications. The recognition by Juniper Research is testament to our innovative capabilities, investment, and commitment to better serve customers with a new era of possibilities."
Find out more about iBasis’ Simfony IoT Connectivity Management Platform
Kigen Wins Platinum for Smart Grid Innovation
Vincent Korstanje, CEO of Kigen, told Juniper Research: “We are honoured to be recognised for our OPEN IoT SAFE Solution, brought to market collaboratively with KORE and Energy Web; showing how trusted data and devices can enable game-changing transformation. A world first that combines field-proven and standardised eSIM, blockchain and IoT SAFE: it empowers smart metering OEMs and smart grid operators to transform urban grid IoT data towards a zero-carbon economy.”
Find out more about Kigen’s Smart Grid Innovation
Parkopedia Wins Platinum for Best Smart Parking Solution
Eugene Tsyrklevich, CEO and Founder of Parkopedia, said: “We are honoured to win the Platinum award from Juniper Research for the Best Smart Parking Solution for 2022. This award is a testament to the excellence of Parkopedia’s core product, which was created through many years of hard work, and the continued efforts of our team in making our parking service a clear market leader. We recognise the importance of parking, as it is core to all of our journeys as drivers. At Parkopedia, we are dedicated to delivering these vital services and seamless in-car experiences that delight drivers around the world across all of our products.”
Find out more about Parkopedia’s Smart Parking Solution
Tata Communications Wins Gold for Innovation in Smart Urban Lighting
Vaneet Mehta, Head, Middle East, Central Asia & Africa, Tata Communications told Juniper Research: “We are delighted to be the Juniper Research Innovation in Smart Urban Lighting – Gold Winner. This accolade is a demonstration of the strength of our partnership with ZAIN KSA and both our organisations’ commitment to enable the reimagining of cities in the Middle East by operating on smarter and cost-efficient models. We are honoured to have been recognised by Juniper Research for this milestone project in the transformation of the city into an intelligent and energy-efficient metropolis; reducing its carbon footprint and charting a path for other cities to replicate.”
Find out more about Tata’s Smart Urban Lighting Innovation
Eseye Wins Platinum Award for IoT Security, and CEO Wins IoT Mover & Shaker Award
Nick Earle, CEO Eseye told Juniper Research: “We are honoured to receive these awards from Juniper Research! I am extremely proud of the team’s achievements since I joined in 2018, including the launch of our latest Infinity IoT Platform™. The award wins are testament to our market leadership in IoT device engineering and connectivity management. Our team continues to expand as we lead the way in IoT innovation and strive to make IoT deployments as seamless and successful as possible.”
Find out more about Eseye’s Infinity IoT Platform
ZARIOT Wins Gold for eSIM Innovation of the Year
Dawood Ghalaieny, CEO of ZARIOT, told Juniper Research: "We are thrilled to win a Gold award for 'eSIM Innovation of the Year'. This win does not only recognise ZARIOT's innovative use of the SIM file system, but it also highlights the important need to consider IoT as an ecosystem. ZARIOT is security driven and aims to simplify the deployment and long-term management of cellular IoT devices. We continue to use our SIM and connectivity expertise to secure and drive overall IoT solution goals and success."
Find out more about ZARIOT’s eSIM Solutions
For further details on the Future Digital Awards please visit the Future Digital Awards website, follow us on Twitter @FutureDigiAward, or This email address is being protected from spambots. You need JavaScript enabled to view it..
For further details contact Sam Smith, Press Relations
T: +44(0)1256 830002
E: This email address is being protected from spambots. You need JavaScript enabled to view it.
LONDON--(BUSINESS WIRE)--#EV--FLEETCOR Technologies, Inc. (NYSE: FLT), a leading global business payments company, announced today the acquisition of Plugsurfing, a leading European electric vehicle (EV) software and network provider to vehicle OEMs, charge point operators (CPO), and fleets.
“The acquisition demonstrates FLEETCOR®’s commitment to developing world-class EV solutions for our thousands of commercial fleet customers, including access to European EV roaming capabilities and software applications for drivers and fleet managers,” said Tom Rowlands, global managing director of EV at FLEETCOR. “In addition, Plugsurfing allows us to pursue new customer segments by serving CPOs with software to manage their charging infrastructure and providing OEMs with a white-label EV solution. We’re excited to have Plugsurfing join the FLEETCOR family.”
Plugsurfing has developed a proprietary EV charging network in Europe with over 300,000 charge points, or nearly 80% of all charge points in Europe. The Plugsurfing app provides access to comprehensive tariff information and facilitates payment for EV charging. This capability is an essential tool for EV drivers and is available directly and as a turnkey white-label solution to EV OEMs for distribution to their customers.
In addition, Plugsurfing also serves CPOs with API, cloud-based operating software that enables CPOs to run their hardware efficiently and effectively, including managing payments of charging events.
Since its founding in 2012, Plugsurfing has processed about 20 million charging sessions and has been at the forefront of consolidating and simplifying the European EV ecosystem.
“We’re thrilled to bring a boost to the electric future in Europe through our acquisition by FLEETCOR. With their distribution and resources, we can scale our Plugsurfing platform to better serve existing and future customers on the EV journey that will continue to evolve over time. We’re excited about the prospects for continuing to help usher in an EV future,” Tatu Kulla, chief executive officer at Plugsurfing.
About FLEETCOR®
FLEETCOR Technologies (NYSE: FLT) is a leading global corporate payments company that helps businesses spend less by providing innovative solutions that enable and control expense-related purchasing and payment processes. The FLEETCOR portfolio of brands automate, secure, digitize and manage payment transactions on behalf of businesses across more than 100 countries in North America, Latin America, Europe, and Asia Pacific. For more information, please visit www.FLEETCOR.com.
About Plugsurfing
Plugsurfing aligns the entire car charging ecosystem—drivers, charging point operators, and carmakers—within a single platform. The over one million drivers connected to our platform benefit from a network of over 300,000 charging points across Europe and a reliable experience through our app or solutions designed for our partners. We serve charging point operators with a back-end cloud software for managing everything from country-specific regulations to providing diverse payment options for customers. Carmakers benefit from white label solutions as well as deeper integrations with their in-house technology. For more information, please visit www.plugsurfing.com.
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Scott Girling-Heathcote, SkyParlour
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+44 (0)330 043 1315
DUBLIN--(BUSINESS WIRE)--The "United States Shipping Containers Market: Prospects, Trends Analysis, Market Size and Forecasts up to 2027" report has been added to ResearchAndMarkets.com's offering.
The country research report on the United States shipping containers market is a customer intelligence and competitive study of the United States market. Moreover, the report provides deep insights into demand forecasts, market trends, and, micro and macro indicators in the United States market.
Also, factors that are driving and restraining the shipping containers market are highlighted in the study. This is an in-depth business intelligence report based on qualitative and quantitative parameters of the market. Additionally, this report provides readers with market insights and a detailed analysis of market segments to possible micro levels. The companies and dealers/distributors profiled in the report include manufacturers & suppliers of the shipping containers market in the United States.
Segments Covered
The report on the United States shipping containers market provides a detailed analysis of segments in the market based on container size, product type, and end user.
Segmentation Based on Container Size
Segmentation Based on Product Type
Segmentation Based on End User
Highlights of the Report
The report provides detailed insights into:
1) Demand and supply conditions of the shipping containers market
2) Factor affecting the shipping containers market in the short run and the long run
3) The dynamics including drivers, restraints, opportunities, political, socioeconomic factors, and technological factors
4) Key trends and future prospects
5) Leading companies operating in the shipping containers market and their competitive position in the United States
6) The dealers/distributors profiles provide basic information of top 10 dealers & distributors operating in (United States) the shipping containers market
7) Matrix: to position the product types
8) Market estimates up to 2027
The report answers questions such as:1) What is the market size of the shipping containers market in the United States?
2) What are the factors that affect the growth in the shipping containers market over the forecast period?
3) What is the competitive position in the United States shipping containers market?
4) What are the opportunities in the United States shipping containers market?
5) What are the modes of entering the United States shipping containers market?
Key Topics Covered:
1. Report Overview
1.1. Report Description
1.2. Research Methods
1.3. Research Approaches
2. Executive Summary
3. Market Overview
3.1. Introduction
3.2. Market Dynamics
3.2.1. Drivers
3.2.2. Restraints
3.2.3. Opportunities
3.2.4. Challenges
3.3. PEST-Analysis
3.4. Porter's Diamond Model for the United States Shipping Containers Market
3.5. IGR-Growth Matrix Analysis
3.6. Competitive Landscape in the United States Shipping Containers Market
4. United States Shipping Containers Market by Container Size
4.1. Small Container
4.2. Large Container
4.3. High Cube Container
5. United States Shipping Containers Market by Product Type
5.1. Dry Storage Container
5.2. Flat Rack Container
5.3. Refrigerated Container
5.4. Others
6. United States Shipping Containers Market by End User
6.1. Food & Beverages
6.2. Consumer Goods
6.3. Healthcare
6.4. Industrial Products
6.5. Others
7. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/qzxx7v
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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