HOUSTON--(BUSINESS WIRE)--Sunnova Energy International Inc. ("Sunnova") (NYSE: NOVA), a leading U.S. Energy as a Service (EaaS) provider, announced today that it has teamed up with USAA Alliance Services (“USAA”), a leading provider of financial services for active and retired military and their families, to offer its EaaS solutions to its members across the United States. USAA members will benefit from both companies’ commitment to customer service and enjoy affordable, reliable, and clean energy created right from their rooftops.
“We are thrilled to come together with USAA and bring our Sunnova SunSafe® solar + battery storage services to its members,” said Vera Gavrilovich, VP of Marketing at Sunnova. “As more consumers are experiencing rising energy bills and increasingly frequent power outages, many are choosing to make their own power with Sunnova to protect their financial future and increase their energy security.”
USAA members will see Sunnova featured on the USAA Perks site where they can learn more about the available Sunnova products, service, and financing options.
Forward Looking Statements
This press release 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. Forward-looking statements generally relate to future events or Sunnova’s future financial or operating performance. In some cases, you can identify forward-looking statements because they contain words such as “may,” “will,” “should,” “expect,” “plan,” “anticipate,” “going to,” “could,” “intend,” “target,” “project,” “contemplates,” “believe,” “estimate,” “predict,” “potential” or “continue” or the negative of these words or other similar terms or expressions that concern Sunnova’s expectations, strategy, priorities, plans or intentions. Forward-looking statements in this press release include, but are not limited to, statements regarding the implementation of the program and benefits for USAA members. Sunnova’s expectations and beliefs regarding these matters may not materialize, and actual results in future periods are subject to risks and uncertainties that could cause actual results to differ materially from those projected, including risks regarding our ability to forecast our business due to our limited operating history, the effects of the coronavirus pandemic on our business and operations, results of operations and financial position, our competition, changes in regulations applicable to our business, fluctuations in the solar and home-building markets, availability of capital, supply chain uncertainty, our ability to attract and retain dealers and customers and our dealer and strategic partner relationships. The forward-looking statements contained in this press release are also subject to other risks and uncertainties, including those more fully described in Sunnova’s filings with the SEC, including our Annual Report on Form 10-K for the year ended December 31, 2021 and our subsequent Quarterly Reports on Form 10-Q. The forward-looking statements in this press release are based on information available to Sunnova as of the date hereof, and Sunnova disclaims any obligation to update any forward-looking statements, except as required by law.
About Sunnova
Sunnova Energy International Inc. (NYSE: NOVA) is a leading U.S. Energy as a Service (EaaS) provider with customers across the U.S. and its territories. Sunnova's goal is to be the source of clean, affordable, and reliable energy with a simple mission: to power energy independence so that homeowners have the freedom to live life uninterrupted®. For more information, please visit sunnova.com.
About USAA
Founded in 1922 by a group of military officers, USAA is among the leading providers of insurance, banking, and investment and retirement solutions to more than 13 million members of the U.S. military, veterans who have honorably served and their families. Headquartered in San Antonio, TX, USAA has offices in eight U.S. cities and three overseas locations and employs more than 38,000 people worldwide. Each year, the company contributes to national and local nonprofits in support of military families and communities where employees live and work. For more information about USAA, follow us on Facebook or Twitter (@USAA), or visit usaa.com.
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DUBLIN--(BUSINESS WIRE)--The "Global Air Compressor Market Size, Segments, Outlook, and Revenue Forecast 2022-2028 by Type, Technology, Lubrication, Application and Region" report has been added to ResearchAndMarkets.com's offering.
According to estimates, the Global Air Compressor Market grew from around ~US$25 Bn in 2017 to nearly ~US$30 Bn in 2022 and is expected to grow further into a more than ~US$40 Bn opportunity by 2028.
It is expected to record a positive CAGR of ~5% during the forecasted period (2022-2028), owing to the rapid growth in industrialization and rising investments to enhance the oil and gas pipeline network.
One of the main factors propelling the expansion of the global air compressor market is the expanding oil and gas sector. The market is expanding as a result of the increased energy demand in developing nations like China, India, and South Korea. According to India Brand Equity Foundation (IBEF) by 2045, it is anticipated that India's oil consumption will have increased by a factor of 2x, to reach 11 million barrels per day.
Environmentally friendly compressor technologies, low maintenance, retrofitting of existing systems, efficient operation at lower costs, rising adoption of variable-speed systems, oil-free lubrication processes, and growth in the popularity of portable models are propelling the growth of the market.
The global market is expanding due to the rising demand for air compressors that are energy-efficient in order to reduce operating costs. The market growth is anticipated to be positively impacted by the increasing initiatives taken by key industry players to create affordable and environmentally friendly air compressors.
Several businesses have already created next-generation systems that provide high-performance capabilities at reasonable prices. Atlas Copco, a Swedish multinational industrial company, in 2022, has launched a New Energy-Efficient GA VSDS Compressor that provides up to 60% energy savings and intelligent, adaptable operation.
Strict government restrictions related to noise levels and greenhouse gases emitted by air compressors would be a significant barrier for this market. According to Legal Information Institute, a non-profit organization, portable air compressors with a maximum rated capacity of less than or equal to 250 cubic feet per minute (cfm) should not produce an average sound level in excess of 76 dBA when measured and evaluated in accordance with the methodology given by this regulation.
Governments all over the world implemented stringent national lockdowns in 2020 as a result of the growing need to stop the COVID-19 illness from spreading. This in turn hindered a number of businesses and enterprises from expanding. The pandemic also had an impact on the air compressor market, which saw a significant fall in sales and profitability. But post-COVID-19, it's anticipated that a greater emphasis on energy efficiency, energy recovery, and lowering CO2 emissions would fuel demand for air compressors.
Competitive Landscape
The air compressor market is highly competitive with ~300 players which include globally diversified players, regional players as well as a large number of country-niche players having their niche in air compressors.
Country-niche players control about ~55% of the market, while regional players constitute ~30% of the total number of competitors by type. Some of the major players in the market include Ingersoll Rand Plc, Atlas Copco, Elgi equipment limited, MAT Holdings, Inc., Sullair, Mitsubishi Heavy Industries Ltd., Bauer Compressors, Inc., VMAC Company, Kirloskar Pneumatic, and Doosan Portable power
Recent Developments Related to Major Players
In August 2019, the new line of cutting-edge compressors from Atlas Copco was introduced for small and medium-sized businesses. The new compressors contribute to cost- and production-cutting.
In February 2021, the Mid-Range Series Portable Compressors from Sullair were introduced. The electronic spiral valve technology, which enables flexibility and improved operational efficiency, is integrated into this device.
Conclusion
The global air compressor is forecasted to continue the exponential growth that is witnessed since 2017, due to the increasing demand for products with higher operational output and efficiency is the primary concern that manufacturers are seeking to address in the market. Though the market is highly competitive with ~300 players, few global players control the dominant market share and regional players also hold a significant market share.
Key Topics Covered in the Report
Leading Companies
Scope of the Report
Period Captured in the Report
By Type
By Technology
By Lubrication
By Application
For more information about this report visit https://www.researchandmarkets.com/r/ejdj9d
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Counterspark will be focused on advocating for state-based solutions that can rapidly scale and decarbonize the American economy
WASHINGTON--(BUSINESS WIRE)--Counterspark, a consumer-empowering, solutions-oriented nonprofit organization, launched its new brand today to give individuals the tools they need to make an impact in accelerating the clean energy transition. The revamped 501(c)(4) organization will build momentum for policies and projects that significantly expand use of clean energy and electrified transportation, with the goal of advancing a vision of the future that has clean air, a safe climate, and a thriving economy.
“Americans overwhelmingly want action on solving the climate crisis, but too often the local benefits of clean energy projects are misunderstood or even intentionally distorted by small but vocal minorities,” said Counterspark President J.R. Tolbert. “That minority of voices saying ‘no’ is too often winning out. The goal of Counterspark is to give people a platform to tell elected officials it’s time to start saying ‘yes’ to climate solutions, and say yes to the technologies, policies, and projects we need to solve the climate crisis.”
As it launches its new brand, Counterspark will be focused on advocating for state-based solutions that can rapidly scale and decarbonize the American economy, starting with critical issues that supporters can have a big impact on quickly:
“The technologies needed to solve the climate crisis already exist, we just need to make them broadly available,” added Tolbert, a veteran of clean energy advocacy campaigns. “We want to speed up the deployment of climate solutions by overcoming policy barriers at the local, state, and federal level.”
Initial funding for Counterspark comes from Advanced Energy United, a national business association whose mission is to accelerate the transition to a 100% carbon-free economy in the U.S. The businesses in Advanced Energy United’s membership are lowering consumer costs, creating millions of new jobs, and providing the full range of clean, efficient, and reliable energy and transportation solutions. Counterspark will use its relationship with Advanced Energy United and Advanced Energy Institute, an educational and research partner organization, to work with the innovative industries delivering clean energy resources to our homes, businesses, and schools.
For more information about Counterspark, visit Counterspark.org
Josh Sweetin, Silverline Communications
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HOUSTON--(BUSINESS WIRE)--Crestwood Midstream Partners LP (“CMLP”), a wholly owned subsidiary of Crestwood Equity Partners LP (NYSE: CEQP), announced today its intention, subject to market and other conditions, to offer $500 million in aggregate principal amount of unsecured Senior Notes due 2031 (the “Notes”) in a private offering (the “Notes Offering”) that is exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”). The Notes will be guaranteed on a senior unsecured basis by all of CMLP’s subsidiaries that guarantee its existing notes and the indebtedness under its revolving credit facility (the “Revolving Credit Facility”).
CMLP intends to use the net proceeds from the Notes Offering to repay a portion of borrowings under the Revolving Credit Facility. CMLP also intends to repay and terminate Crestwood Permian Basin Holdings LLC’s (“CPJV”) credit facility with borrowings under the Revolving Credit Facility within 30 days after the closing of the Notes Offering, at which time CMLP intends to designate CPJV and certain of its wholly owned subsidiaries as restricted subsidiaries and guarantors of the existing notes and the Notes.
The Notes and the related guarantees will be offered only to persons reasonably believed to be qualified institutional buyers in reliance on the exemption from registration set forth in Rule 144A under the Securities Act, and outside the United States to non-U.S. persons in reliance on the exemption from registration set forth in Regulation S under the Securities Act. The Notes and the related guarantees have not been registered under the Securities Act, or the securities laws of any state or other jurisdiction, and may not be offered or sold in the United States without registration or an applicable exemption from the Securities Act and applicable state securities or blue sky laws.
This press release shall not constitute an offer to sell, or the solicitation of an offer to buy, any securities, nor shall there be any sales of the Notes or related guarantees in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. This notice is being issued pursuant to and in accordance with Rule 135(c) under the Securities Act.
Forward-Looking Statements
This press release may include certain statements concerning expectations for the future that are forward-looking statements as defined by federal securities law. Such forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors that are difficult to predict and many of which are beyond management’s control. These risks and assumptions are described in CMLP’s filings with the United States Securities and Exchange Commission, including its most recent Annual Report on Form 10-K, and subsequently filed Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. Readers are cautioned not to place undue reliance on forward-looking statements, which reflect management’s view only as of the date made. We undertake no obligation to update any forward-looking statement, except as otherwise required by law.
About Crestwood Midstream Partners LP
Houston, Texas, based CMLP is a limited partnership and wholly owned subsidiary of CEQP that owns and operates midstream businesses in multiple shale resource plays across the United States. CMLP is engaged in the gathering, processing, treating, compression, storage and transportation of natural gas; storage, transportation, terminalling and marketing of NGLs; gathering, storage, terminalling and marketing of crude oil; and gathering and disposal of produced water.
Crestwood Midstream Partners LP
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Millions of Data Points, Ability to Drill Down will Allow Companies to Find Efficient Path to EV Transition
TROY, Mich.--(BUSINESS WIRE)--J.D. Power, a global leader in data analytics and consumer intelligence, today announced the introduction of the J.D. Power EV Index℠, an analytics tool to track the growing EV market in the United States. Each month, the index will arrive at one number (on a 100-point scale) to make it easy to understand the progress to parity of EVs with traditional internal combustion engine (ICE) vehicles. The sub-category numbers will represent all the roadblocks to parity. Today, the EV Index score is 47 (based on the most recent available data from November 2022), with some categories improving and others declining during the 12-month pilot period. The EV Index score and accompanying analysis will be available monthly.
“Vehicle electrification has industry leaders grappling with billion-dollar decisions, and hyper-detailed data and analytics will help guide their decision making,” said Elizabeth Krear, vice president of electric vehicle practice at J.D. Power. “We’ve created a smart and dynamic way to capture how the EV marketplace is performing in relation to gas-powered vehicles, and the index provides a heightened level of detail never seen before in this arena.”
Millions of data points are aggregated into six specific categories to make up the EV Index:
The first-of-its-kind EV Index for the U.S. market enables industry stakeholders—automakers, utilities, suppliers, charge point operators and legislators—to navigate today’s rapidly evolving EV environment with real-time data that is plugged into a dynamic, web-based portal. The portal is equipped with cutting-edge visualizations, a simple-to-understand dashboard and a custom query tool that can help stakeholders make faster and more reliable decisions.
The new service also includes substantially increased data granularity in which metrics are available at the national, regional, state and Designated Market Area (DMA) levels, and can be broken down by segment, brand and model.
About J.D. Power
J.D. Power is a global leader in consumer insights, advisory services and data and analytics. A pioneer in the use of big data, artificial intelligence (AI) and algorithmic modeling capabilities to understand consumer behavior, J.D. Power has been delivering incisive industry intelligence on customer interactions with brands and products for more than 50 years. The world's leading businesses across major industries rely on J.D. Power to guide their customer-facing strategies.
J.D. Power has offices in North America, Europe and Asia Pacific. To learn more about the company’s business offerings, visit JDPower.com/business. The J.D. Power auto shopping tool can be found at JDPower.com.
About J.D. Power and Advertising/Promotional Rules: http://www.jdpower.com/business/about-us/press-release-info
Geno Effler, J.D. Power; West Coast; 714-621-6224; This email address is being protected from spambots. You need JavaScript enabled to view it.
Shane Smith; East Coast; 424-903-3665; This email address is being protected from spambots. You need JavaScript enabled to view it.
Acquisition expands Tallgrass’ footprint to a nearly coast to coast 2,400-mile horizontal header system
DENVER--(BUSINESS WIRE)--Today, Tallgrass announced the successful completion of its acquisition of the Ruby Pipeline. The acquisition, which was previously announced in December, extends Tallgrass’ reach to west coast markets and adds 683 miles of modern 42” pipeline infrastructure capable of moving 1.5 bcf/d to the company’s extensive asset base.
"We moved quickly to close the acquisition and we are eager to bring Ruby and our new teammates into the Tallgrass family,” said Zach Rider, Vice President Commercial and Corporate Development. “This is a strategic asset which brings immediate value to our portfolio.”
Ruby also enhances the value proposition that Tallgrass can offer to its existing and future customers by providing access to nearly every major demand center across the U.S., as well as supply basin optionality. It also provides an expanded platform for Tallgrass’ continued efforts to offer innovative decarbonized energy solutions.
“Ruby enables cross-continental optionality and access for our existing customer base while providing Ruby’s customers a new partner with a strong track record of performance,” says Dustin Bashford, Segment President for Natural Gas.
Tallgrass was represented by Blank Rome LLP.
Cautionary Note Concerning Forward-Looking Statements
Disclosures in this news release contain forward-looking statements. All statements, other than statements of historical fact, included in this press release that address activities, events or developments that management expects, believes or anticipates will or may occur in the future are forward-looking statements. Without limiting the generality of the foregoing, forward-looking statements contained in this press release specifically include the expected benefits of the acquisition to Tallgrass and to its existing and future customers; expected access to established markets and supply basins; and the potential for using Ruby as a future vehicle for decarbonized energy solutions. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of Tallgrass, which may cause actual results to differ materially from those implied or expressed by the forward-looking statements, and other important factors that could cause actual results to differ materially from those projected, including those set forth in reports and financial statements made available by Tallgrass. Any forward-looking statement applies only as of the date on which such statement is made, and Tallgrass does not intend to correct or update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law.
About Tallgrass
Tallgrass is a leading energy infrastructure company focused on safely, reliably and sustainably delivering the energy and services that fuel homes and businesses and enable quality of life. We are committed to being at the forefront of efforts to decarbonize our world. An investor group led by Blackstone Infrastructure Partners, which includes Enagás SA, GIC, NPS and USS, owns the outstanding equity interests in Tallgrass. Learn more at Tallgrass.com.
Tallgrass Media Inquiries
Steven Davidson, 817-988-4284
Tallgrass Investor Inquiries
Andrea Attel, 913-928-6012
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KILGORE, Texas--(BUSINESS WIRE)--Enviro Technologies U.S., Inc. (OTCQB: EVTN) (“EVTN” or the “Company”) today announced that its previously declared 4-for-1 stock split was paid on January 13, 2023 to shareholders of record as of the close of business on December 30, 2022. EVTN’s common stock will begin trading at the split-adjusted price at the market open on January 17, 2023. As a result of the split, EVTN’s current shares of common stock outstanding have increased from approximately 19,567,083 million to approximately 78,268,332 million. In addition, the Company’s authorized common stock increased to 1,000,000,000.
On September 13, 2022, Ecoark Holdings, Inc. (“Ecoark”) (NASDAQ: ZEST) announced the rebranding and renaming of EVTN, a majority-owned indirect subsidiary, to Wolf Energy Services. On September 7, 2022, EVTN filed with the State of Florida to begin conducting business as Wolf Energy Services. The Company expects to effectuate a corporate name change to “Wolf Energy Services Inc.”, subject to approval of the Financial Industry Regulatory Approval (“FINRA”) and filing of articles of amendment with the State of Florida, on or about January 30, 2023. This rebranding and renaming initiative is the completion of the Company’s first planned step, after its recently completed reverse merger, to begin developing a larger and more diversified oilfield services company.
About EVTN -- EVTN, d/b/a “Wolf Energy Services”, through its wholly owned subsidiary, Banner Midstream Corp., has two operating subsidiaries: Pinnacle Frac Transport LLC (“Pinnacle Frac”) and Capstone Equipment Leasing LLC (“Capstone”). Pinnacle Frac provides transportation of frac sand and logistics services to major hydraulic fracturing and drilling operations. Capstone procures and finances equipment to oilfield transportation service contractors.
Safe Harbor Disclosure -- This Press Release contains or incorporates by reference “forward-looking statements,” including certain information with respect to plans and strategies of EVTN. For this purpose, any statements regarding this announcement, which are not purely historical, are forward-looking statements, including EVTN beliefs, expectations, hopes or intentions regarding the future. All forward-looking statements are made as of the date hereof and based on information available to EVTN as of such date. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties, and other factors, some of which are beyond our control and difficult to predict and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements, including, the risks and uncertainties set forth in our Annual Report on Form 10-K for the year ended December 31, 2021 and Form 10-Q for the quarterly period ended September 30, 2022, as filed with the Securities and Exchange Commission. All forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements, many of which are generally outside the control of EVTN and are difficult to predict. EVTN undertakes no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise.
Jim Galla
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RESTON, Va.--(BUSINESS WIRE)--Bowman Consulting Group Ltd. (collectively with its subsidiaries, the “Company” or “Bowman”) (NASDAQ: BWMN) announced that Cuhaci Peterson™, a nationally-recognized architecture and engineering firm, has teamed with Bowman’s geospatial division to deliver time and cost savings for their clients by utilizing Bowman’s minimally invasive ceiling scanning techniques.
Interior scanning of structures that have ceiling tiles, like grocery stores, presents a challenge for efficiency and accuracy for surveyors. Bowman took on this challenge to develop a new and proven technique that is simple, elegant, accurate, and most of all, repeatable in other environments.
Prior to developing this technique, ground level 3-D scanning in an open interior environment was simple enough. However, tying that information to the scanning data above the ceiling tiles was difficult unless they were all removed, which is inefficient and time consuming. For Bowman’s geospatial team, the key was finding a way to tie the scans vertically throughout the space at different elevations, then mapping them horizontally to develop the entire landscape of the structure. Cuhaci Peterson was specifically looking for a national partner who could provide this type of service, in a timely manner and within their data requirements, for structures that were 60,000-100,000 square feet.
The wealth of data provided by Bowman in just two evenings of scanning, allowed Cuhaci Peterson to streamline the development of recent commercial designs with precise knowledge of both the visible building interior and above ceiling structure of the facility. Bowman’s scanning revealed previously unknown information about the structure that could only have been discovered using this technique.
“When we saw the sophisticated detail that Bowman’s geospatial team could provide, along with the efficiency of their processes, we knew that it would allow us to deliver a real advantage to our clients,” said Bryon McCarthy, Cuhaci Peterson principal. “It is a win whenever we can bring time and cost efficiency into our design process. Bowman has proven to be a solid, and innovative, asset in delivering on this commitment to our clients.”
“Bowman continues to evaluate and refine new scanning capabilities to deliver incredible detail and data accuracy to forward-thinking firms like Cuhaci Peterson,” said Marc Olmeda, PLS, Bowman principal. “Our processes have proven to be exceptionally effective in retail and other difficult to access environments.”
About Bowman Consulting Group Ltd. (Bowman): Headquartered in Reston, Virginia, Bowman is an engineering services firm delivering infrastructure solutions to customers who own, develop, and maintain the built environment. With approximately 1,700 employees in more than 70 offices in the United States, Bowman provides a variety of planning, engineering, geospatial, construction management, commissioning, environmental consulting, land procurement and other technical services to customers operating in a diverse set of regulated end markets. Bowman trades on the Nasdaq under the symbol BWMN. For more information, visit bowman.com or investors.bowman.com.
Jennifer Kamienski, 201.519.4536
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DUBLIN--(BUSINESS WIRE)--The "European Residential Solar Market: Analysis By Accumulated Installation, By Accumulated Capacity, By Region Size and Trends with Impact of COVID-19 and Forecast up to 2027" report has been added to ResearchAndMarkets.com's offering.
The European residential solar market, on the basis of accumulated capacity, is anticipated to grow at a CAGR of 9.60% over the projected period of 2022-2027.
The European residential solar market, in terms of accumulated capacity, in 2021 stood at 40.40GW, and is likely to reach 71.75GW by 2027. A residential solar PV system is any solar PV system that produces less power than or equal to 250kW. A typical 65 by 39-inch residential solar panel installation contains 72 cells.
The use of non-renewable fuels and other types of energy resources is posing major dangers to the ecosystem, making solar power more important than ever. The use of solar energy has increased dramatically in recent years in both developed and developing countries.
Solar energy is currently one of the most affordable and widely available renewable energy sources for European households. By 2040, it may be able to supply up to 20% of the EU's electricity needs based on current market trends. The expansion of residential solar energy installations is a crucial step in the transition to clean energy and climate neutrality.
Market Segmentation Analysis:
By Accumulated Installation: On the basis of accumulated installation, the European residential solar market can be divided into five major regions: Germany, Netherlands, Italy, Spain, and Rest of Europe. Germany is the largest solar market in Europe as well as the largest solar PV operator in 2021, owing to the German government's implementation of a subsidy for residential installations of solar PV panels with battery storage in 2016.
By Accumulated Capacity: The European residential solar market can be divided into nine primary regions based on accumulated capacity: Germany, Netherlands, Italy, Poland, Belgium, the UK, Sweden, Spain, and the Rest of Europe. Due to the removal of the Sun tax on self-consumption in 2020, automated excess recompense, as well as collective and through-the-network facilities, the Spanish residential solar market is believed to be the fastest growing market. Since then, the market for final consumers has steadily gained traction.
European Residential Solar Market Dynamics:
Growth Drivers: As a result of a large drop in price, solar energy is becoming economically viable at smaller scales and at more locations. People in Europe are spending more on the installation of solar power systems as the cost of solar energy continues to decline. Further, the market is expected to grow owing to surging demand for electrification in society, higher and more volatile electricity prices, increased support from government, etc. in recent years.
Challenges: The European residential solar market's supply chain has become more clogged, with inefficiencies in hardware delivery. Many countries have experienced a labor shortage in recent years, owing to mismatches between supply and demand. As a result, customers' residential solar power systems appear to take longer to install after they are ordered. Hence, the residential solar market in Europe has faced long-term value chain disruption.
Market Trends: The payback period for residential solar has decreased, even though this varies greatly from country to country due to various sun conditions and deployment rules. The alternative cost of using the grid instead of installing residential solar is also decreasing as a result of positive market dynamics in the Europe. Despite major differences, all countries' payback periods are far less than the solar panels' 30+ year anticipated lifetime.
Therefore, short payback time for residential solar in Europe is likely to upgrow the overall market, in coming years. More trends in the market are believed to grow the residential solar market during the forecasted period, which may include use of artificial intelligence, European solar rooftops initiative, national energy and climate plans (NECPs), etc.
Competitive Landscape and Recent Developments:
A large number of installation businesses make up the highly fragmented residential solar market in Europe, owing to the availability of local, regional, and multinational suppliers.
While some smaller businesses specialize in selling solar panels and are only present in one or a few places, larger businesses often offer a wider range of products, have a larger geographic presence, and strive for continued expansion. In the residential solar sector, where businesses sell or lease products with lengthy lifetimes, scalability and the capacity to rapidly increase market share are key determinants.
Moreover, some of the major drivers that can propel the industry's growth are fierce rivalry, rapid technology advancements, frequent changes in governmental policy, and tight environmental laws. Cost, product quality, dependability, and aftermarket support are all domains where vendors compete. In a highly competitive market environment, providers must offer affordable and effective products to thrive.
With investment budgeted, factories planned, environmental targets established, and governmental strategies outlined to support the predicted expansion of PV systems, ambitious measures are in place to restart a thriving industry.
For example, In October 2021, Meyer Burger Technology AG, a Switzerland-based solar module maker, unveiled a building-integrated PV (BIPV) project regarding solar roof tiles. The new product was designed by a German engineering company paXos Consulting & Engineering GmbH & Co. KG and sold the patent to Meyer Burger.
Market Dynamics
Growth Driver
Challenges
Market Trends
Further, key players in the European residential solar market are:
European Market Analysis
European Solar PV Market: An Analysis
European Solar PV Market: An Overview
European Solar PV Market Accumulated Capacity by Segment
For more information about this report visit https://www.researchandmarkets.com/r/ktk6ux
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
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Laura Wood, Senior Press Manager
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SolarEdge battery cells are manufactured at Sella 2, the Company’s new battery cell manufacturing facility in South Korea
MILPITAS, Calif.--(BUSINESS WIRE)--SolarEdge Technologies, Inc. (“SolarEdge” or the “Company”) (NASDAQ: SEDG), a global leader in smart energy technology, announced today that its Energy Storage division has begun shipping new battery cells designed for stationary Energy Storage applications.
The new line of Nickel Manganese Cobalt (NMC) pouch cells, manufactured at Sella 2, the Company’s new battery cell manufacturing facility in South Korea, has been optimized for energy storage applications for the residential, commercial and utility scale segments. The cells support high cycle life (up to 8000 cycles), high energy density, high-power throughput and a wide temperature range without compromising operational life, enabling SolarEdge to provide battery solutions that support a broad range of use cases, including demanding grid-stability applications.
Ronen Faier, SolarEdge Chief Financial Officer and General Manager of SolarEdge Energy Storage division, commented: “The global stationary storage market is estimated to grow from approximately 45GWh in 2022 to 164GWh by 2030 and SolarEdge is focused on supporting this critical segment. Owning key processes and cell chemistries will allow us to further secure the resilience of our supply chain and provides us with the flexibility to produce cells optimized for various energy storage solutions.”
About SolarEdge
SolarEdge is a global leader in smart energy technology. By leveraging world-class engineering capabilities and with a relentless focus on innovation, SolarEdge creates smart energy solutions that power our lives and drive future progress. SolarEdge developed an intelligent inverter solution that changed the way power is harvested and managed in photovoltaic (PV) systems. The SolarEdge DC optimized inverter seeks to maximize power generation while lowering the cost of energy produced by the PV system. Continuing to advance smart energy, SolarEdge addresses a broad range of energy market segments through its PV, storage, EV charging, batteries, electric vehicle powertrains, and grid services solutions. Visit us at: solaredge.com
Press Contact
SolarEdge Technologies, Inc.
Lily Salkin Global Public and Media Relations Manager
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+972-522028240
SolarEdge Technologies, Inc.
Dana Noyman Head of Corporate Communications and Global PR
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+972 54 999 8809
LOS ANGELES--(BUSINESS WIRE)--$CGRN #CleanPower--Capstone Green Energy Corporation (NASDAQ: CGRN), a global leader in carbon reduction and on-site resilient green energy solutions, will be participating in Renmark Financial Communications Inc.'s live Virtual Non-Deal Roadshow Series to discuss its latest investor presentation today, January 17 at 11:00 a.m. CT.
The virtual presentation is marketed to Houston and surrounding areas and will feature Darren Jamison, President and Chief Executive Officer and Scott Robinson, Chief Financial Officer. Capstone welcomes all stakeholders, investors, and other interested individuals to register and attend this live event.
The investor presentation will be followed by a live Q&A. Investors interested in participating in this event will need to register using the link below. As a reminder, registration for the live event may be limited, and access to the replay will be posted on the Investor Relations section of the Company's website within a few days of the event.
Tuesday, January 17 at 11:00 a.m. CT
Register Here
To ensure smooth connectivity, please access this link using the latest version of Google Chrome.
About Capstone Green Energy
Capstone Green Energy (NASDAQ: CGRN) is a leading provider of customized microgrid solutions and on-site energy technology systems focused on helping customers around the globe meet their environmental, energy savings, and resiliency goals. Capstone Green Energy focuses on four key business lines. Through its Energy as a Service (EaaS) business, it offers rental solutions utilizing its microturbine energy systems and battery storage systems, comprehensive Factory Protection Plan (FPP) service contracts that guarantee life-cycle costs, as well as aftermarket parts. Energy Generation Technologies (EGT) are driven by the Company's industry-leading, highly efficient, low-emission, resilient microturbine energy systems offering scalable solutions in addition to a broad range of customer-tailored solutions, including hybrid energy systems and larger frame industrial turbines. The Energy Storage Solutions (ESS) business line designs and installs microgrid storage systems creating customized solutions using a combination of battery technologies and monitoring software. Through Hydrogen & Sustainable Products (H2S), Capstone Green Energy offers customers a variety of hydrogen products, including the Company's microturbine energy systems.
To date, Capstone has shipped over 10,000 units to 83 countries and estimates that in FY22, it saved customers over $213 million in annual energy costs and approximately 388,000 tons of carbon. Total savings over the last four years are estimated to be approximately $911 million in energy savings and approximately 1,503,100 tons of carbon savings.
For customers with limited capital or short-term needs, Capstone offers rental systems; for more information, contact: This email address is being protected from spambots. You need JavaScript enabled to view it..
For more information about the Company, please visit www.CapstoneGreenEnergy.com. Follow Capstone Green Energy on Twitter, LinkedIn, Instagram, Facebook, and YouTube.
About Renmark Financial Communications Inc.
Founded in 1999, Renmark Financial Communications Inc. is North America's leading retail investor relations firm. Employing a strategic and comprehensive mix of exposure tactics; Renmark hosts Virtual Non-Deal Roadshows as well as in-person corporate presentations and maintains daily communications with thousands of brokers and money managers across Canada and the United States. Renmark empowers its publicly traded clientele to maximize their visibility within the financial community and strengthen their investor audience.
Renmark Financial Communications Inc.
Scott Logan: This email address is being protected from spambots. You need JavaScript enabled to view it.
Tel: (416) 644-2020 or (212) 812-7680
www.renmarkfinancial.com
Capstone Green Energy
Investor and investment media inquiries:
818-407-3628
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CHICAGO--(BUSINESS WIRE)--A wide variety of municipal, business, community and labor leaders from across northern Illinois and beyond today released statements about ComEd’s multi-year grid and rate plans that advance the region’s economic, climate and equity goals.
Neil C. James
Executive Director of Metropolitan Mayors Caucus
"We are encouraged that ComEd's plans will build greater resilience, improve the capacity to transition to clean energy and adapt to climate change impacts. We are pleased to support ComEd's multi-year grid plan."
Joe Duffy
Executive director of labor coalition Climate Jobs Illinois
“Illinois leads the nation in moving to a clean energy economy built by union labor. ComEd's Grid Plan represents an important first step towards the clean jobs future.”
Jack Lavin
President and CEO of the Chicagoland Chamber of Commerce
“"As businesses continue to increase their electrification needs, an affordable, reliable, and clean grid has never been more critical. ComEd’s continued investments in a more sustainable system will keep Illinois competitive by providing a modernized grid that can attract businesses to our state and contribute to their performance.”
Michael P. Dunn, Jr
Executive Director of Region 1 Planning Council (R1)
“A modern and resilient grid is a top infrastructure priority for our region and our industry clusters. Industry and residents will further expect our region's future economic competitive advantage as we compete for tomorrow's industry. We are encouraged by and support ComEd's multi-year grid plan as aligned with our own future planning and policies."
Nancy E. Norton
President & CEO of Grundy Economic Development Council
"The GEDC is supportive of ComEd’s commitment to a modern, resilient, and flexible grid. As ComEd pursues these goals, affordability must be a key pillar in their plan."
Greg Bedalov
President & CEO of Choose DuPage
"Reliable, affordable electrical infrastructure and delivery is one of the assets that helps to define our economic advantage, and efforts to strengthen this advantage should be a priority. We support ComEd's grid plan, which includes cost-effective initiatives that will address climate change, grow our economy, advance equity and strengthen our local infrastructure."
Doug Pryor
President & CEO of Will County Center for Economic Development
“Will County CED supports the initiatives in ComEd's proposed grid plan, which seeks to affordably enhance grid resiliency and reliability while enabling renewable energy resources and beneficial electrification. We believe this will better economic outcomes for Will County and will positively impact development in Illinois."
Erich Sanchack
COO of Digital Realty
“Chicago, and in particular Northern Illinois and Franklin Park are critical to Digital Realty, our customer’s businesses, and an important part of the overall global digital infrastructure. Our continued partnership with ComEd and the work they are doing with the grid plan will ensures that not only do our data center facilities deliver on the needs of our global customers, but continue to drive regional economic benefits, and investment in clean energy technologies and continued strong reliability performance.”
Joshua Davis
President of the Will Group
"Over the past 10 years, we have partnered with ComEd on various projects that have transformed communities like the K-Town Business Center in North Lawndale. ComEd's proposed grid plan is a community investment that aligns with our partnership's foundational shared quality of being transformative in the communities in which we operate, and we fully support it."
Joann P. Ornelas-Bauer
Chief Executive Officer of Dynamic Utility Solutions
"ComEd has been a great supporter and partner for the growth of diverse suppliers like ours. We fully support this multi-year plan, which will continue to create jobs and fuel economic opportunity across northern Illinois."
Trisha Knych
VP of Marketing, Corporate Communication & Government Relations of S&C Electric Company
"While we have supplied ComEd with equipment to support their foundational smart grid, preparing for the grid of the future requires additional work that must happen now. When threats arise to our energy system, ComEd is the first responder, and we support ComEd's grid plan for the future."
George A. Williams
Chairman & CEO of PMI Energy Solutions, LLC
"Since our founding in 2012, ComEd has played a key role in opening growth opportunities for our firm and has demonstrated their ability to develop a smarter and more resilient grid to benefit all parties. As a minority-owned company, we stand behind ComEd's plans to prepare the grid for an ever-changing future that will benefit all communities."
Paula Robinson
Managing Member, Bronzeville Partners LLC
"While our collective objective is to ensure that the community and customers receive reliable and affordable service, greater neighborhood stability occurs when we leverage our collective experiences and expertise and create new jobs and new enterprise around these growth industries. This grid plan outlines this type of community collaboration, and BCDP supports ComEd’s grid plan that seeks to create long-lasting jobs and long-term prosperity."
Cohen Barnes
Mayor of the City of DeKalb
“The importance of ComEd continuing to build out capacity for the next datacenter in DeKalb is critical to the success of our continued economic growth. Without adequate infrastructure and a proactive approach to building out capacity, our economic growth will be stifled, and we are thankful ComEd continues to work with the City of DeKalb to anticipate the needs to come.”
Jodi Miller
Mayor of the City of Freeport
"As ComEd is preparing to address calls for a stronger and more intelligent grid to support the ever-growing growth in the renewable energy sector, I understand and support the need for future investment in ComEd's multi-year grid plan. We applaud ComEd's preparation to transform the operations and functionality in the current grid."
Mark W. Szula
President of the Village of Roscoe
"New and expanded clean energy requirements - as well as the increasing demand from expanding the electric vehicle market - require a continued to commitment to growth and improvement. The Village of Roscoe supports the initiatives advanced in ComEd's multi-year grid plan and appreciates the benefits that will come through improved system resiliency and reliability."
Billy McKinney
Mayor of the City of Zion
"We applaud ComEd's focus on equity as a key pillar of the grid plan, in particular focusing on investments and system performance improvements that benefit designated environmental justice communities like Zion."
Danny D. Langloss, Jr.
Dixon City Manager
"ComEd has been highly responsive and provided assistance around the areas of economic development and restoring the power grid to critical facilities and our entire community following extreme weather events, and we support their multi-year grid plan that will enable Dixon's planned commercial, industrial and residential development."
Matthew Deal
Manager, Utility Policy at ChargePoint
“EV adoption has grown significantly throughout the country, and specifically in Illinois, in recent years, and we expect this trend to accelerate in the near term. ComEd’s proposed Grid Plan establishes a strong foundation to support the State’s goal for one million EVs on Illinois roads by 2030.”
John Kenning
CEO First Student
“First Student provides unmatched care and the safest ride to school so when students arrive, they start and end their day with an exceptional experience. We continually seek better ways to do things with innovation and sustainable practices like supporting our districts that are upgrading their fleets with electric buses. We value the investment ComEd is making to support a broad and equitable transition to clean transportation, realizing the benefits to the environment and health of our customers. We understand the importance of V2X technology and the need to continue efforts to upgrade infrastructure. When utilities, manufacturers and providers work together, it’s a win for everyone and the planet.”
Haj Young
Managing Director, Illinois Energy Consortium, Powered by the Future Green Energy Consortium
“IEC Powered by Future Green is focused on helping all schools gain access to electric school buses and clean energy resources. A modern, flexible grid is imperative for schools to reach their clean energy goals.”
Phil Jones
Executive Director, Alliance for Transportation Electrification
“It is now time to spend the necessary time and resources to invest in grid upgrades in order to meet the pressing challenges of enabling transportation electrification infrastructure, promoting zero or low-carbon energy generation, and allowing customers and communities more choices working with the utility. The ComEd grid plan is based on good planning, solid data, and years of experience, but pivots to the future. The plan should enable the utility and its customers to meet the urgent needs of reducing carbon emissions and air pollution through electric transportation, as well as advance other electrification uses in homes and buildings as we decarbonize.”
Daniel Bloom
Public Affairs Manager for FLO EV Charging
"Creating a resilient, flexible electric grid that can accommodate the pace and growth of electrification, along with thousands of public EV chargers funded by these various programs will be critical, especially if the state is to reach Governor Pritzker’s goal of one million EVs on Illinois roads by 2030. FLO is pleased to support ComEd's efforts to create a more intelligent, resilient electric grid across northern Illinois to accelerate the state's transition to an electrified transportation future."
Nate Baguio
Senior Vice President of Commercial Development at Lion Electric
“As the demand for electric vehicles, including all electric, zero-emission school buses grows, it is critical to establish partnerships between elected officials, industry leaders, school districts, and leading utility companies to push toward vehicle-to-grid (V2G) technology standards and implementation. We are confident that ComEd’s plan presents a step in the right the direction for a clean energy, zero-emission future that addresses the needs and demands of all communities.”
Daniel Anello
CEO Kids First Chicago
“K1C believes that disrupting a status quo that has left over 200,000 Chicago households without high-speed internet is an essential public policy goal. K1C was pleased to see that ComEd’s proposed grid modernization plan envisions a smart, interconnected grid with a strong fiber backbone that can be used to support state-and-local efforts to help bridge the digital divide.”
Dwayne Douglas
CEO of the QUILT Corp NFP
"ComEd's grid improvements provide a once in a lifetime opportunity for digital equity and inclusion and make a dramatic impact on bridging the digital divide within our communities. These improvements will provide improved networks that drive economic growth and stimulate a new generation of innovations addressing critical needs like digital literacy, workforce development, health care, education and community empowerment. We stand in support of ComEd's grid expansion efforts."
Corey Perry
Director of Government Relations, PCs for People
“The issue of digital equity is an ever important one and we here at PCs for People work daily to develop and deploy initiatives that can help close the digital gap. When we consider endeavors like upgrades of Illinois Century Network, the state's existing 2,000-mile open access institutional fiber network serving marginalized communities across the state, it is critical to have entities such as ComEd be key contributor in tackling issues such as access and the digital divide as a whole. PCs for People is in full support for much needed expansions of affordable broadband and prioritization of digital equity and is encouraged to see ComEd seeking to increase the work being done towards closing the digital divide. PCs for People is glad to have our voice heard as we champion positive progress for digital equity and are glad to see our friends and support the endeavor of our friends at ComEd.”
Amin Khodaei, Ph.D.
Professor at the University of Denver
"My team at the University of Denver has collaborated extensively with ComEd over the past ten years on two innovative and nationally important projects that have helped the company gain a system-level perspective on grid capabilities and shortcomings in hosting a growing penetration of distributed energy resources like solar and wind. At a time that the electric grid is experiencing an unprecedented transformation to address the increasing challenges of climate change, distributed generation and growing customer expectations, ComEd took a proactive approach to embrace innovative technologies, tap into academic expertise through close collaboration, stay ahead of the curve and become a successful model for many other utilities to learn from and follow. ComEd has a forward-thinking vision in leveraging innovative technologies to support its customers, a vision that is required to address the complexities of the ever-more evolving grid, and we strongly support their mission and vision as a pioneering electric utility."
ComEd is a unit of Chicago-based Exelon Corporation (NASDAQ: EXC), a Fortune 200 energy company with approximately 10 million electricity and natural gas customers – the largest number of customers in the U.S. ComEd powers the lives of more than 4 million customers across northern Illinois, or 70 percent of the state’s population. For more information visit ComEd.com and connect with the company on Facebook, Twitter, Instagram and YouTube.
ComEd Media Relations
312-394-3500
WALTHAM, Mass.--(BUSINESS WIRE)--Global Partners LP (NYSE: GLP) (the “Partnership”) announced today that the Board of Directors (the “Board”) of its general partner, Global GP LLC, has declared a cash distribution of $0.609375 per unit ($2.4375 per unit on an annualized basis) on the Partnership’s Series A preferred units for the period from November 15, 2022 through February 14, 2023. This distribution will be payable on February 15, 2023 to holders of record as of the opening of business on February 1, 2023.
The Board also declared a cash distribution of $0.59375 per unit ($2.375 per unit on an annualized basis) on the Partnership’s Series B preferred units for the period from November 15, 2022 through February 14, 2023. This distribution will be payable on February 15, 2023 to holders of record as of the opening of business on February 1, 2023.
Non-U.S. Withholding Information
This press release is intended to be a qualified notice under Treasury Regulation Section 1.1446-4(b). Brokers and nominees should treat one hundred percent (100%) of GLP’s distributions to non-U.S. investors as being attributable to income that is effectively connected with a United States trade or business. Accordingly, GLP’s distributions to non-U.S. investors are subject to federal income tax withholding at the highest applicable effective tax rate.
About Global Partners LP
With approximately 1,700 locations primarily in the Northeast, Global Partners is one of the region’s largest independent owners, suppliers and operators of gasoline stations and convenience stores. Global also owns, controls or has access to one of the largest terminal networks in New England and New York, through which it distributes gasoline, distillates, residual oil and renewable fuels to wholesalers, retailers and commercial customers. In addition, Global engages in the transportation of petroleum products and renewable fuels by rail from the mid-continental U.S. and Canada. Global, a master limited partnership, trades on the New York Stock Exchange under the ticker symbol “GLP.” For additional information, visit www.globalp.com.
Forward-looking Statements
Certain statements and information in this press release may constitute “forward-looking statements.” The words “believe,” “expect,” “anticipate,” “plan,” “intend,” “foresee,” “should,” “would,” “could” or other similar expressions are intended to identify forward-looking statements, which are generally not historical in nature, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on Global’s current expectations and beliefs concerning future developments and their potential effect on the Partnership. While management believes that these forward-looking statements are reasonable as and when made, there can be no assurance that future developments affecting the Partnership will be those that it anticipates. Forward-looking statements involve significant risks and uncertainties (some of which are beyond the Partnership’s control) including, without limitation, the impact and duration of the COVID-19 pandemic and its impact on our counterparties, our customers and our operations and other assumptions that could cause actual results to differ materially from the Partnership's historical experience and present expectations or projections. We believe these assumptions are reasonable given currently available information. Our assumptions and future performance are subject to a wide range of business risks, uncertainties and factors, which are described in our filings with the Securities and Exchange Commission (SEC).
For additional information regarding known material factors that could cause actual results to differ from the Partnership’s projected results, please see Global’s filings with the SEC, including its Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K.
Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date hereof. Global undertakes no obligation to publicly update or revise any forward-looking statements after the date they are made, whether as a result of new information, future events or otherwise.
Gregory B. Hanson
Chief Financial Officer
Global Partners LP
(781) 894-8800
Sean T. Geary
Chief Legal Officer and Secretary
Global Partners LP
(781) 894-8800
HOUSTON--(BUSINESS WIRE)--USD Clean Fuels LLC (USDCF) announced its intention to build a new biofuels terminal in National City, CA that will have the capability to transload renewable diesel, biodiesel, ethanol and sustainable aviation fuel (SAF). The terminal will be served by the BNSF Railway and will provide efficient transportation of clean fuels to the area from the Midwest and US Gulf Coast. Pending receipt of all local and state permits, the terminal is expected to be operational by early 2024.
The terminal development is supported by two investment-grade rated parties that signed long-term Terminal Service Agreements. The Terminal Services Agreements provide for the inbound shipment of renewable diesel, biodiesel, ethanol and SAF on rail, self-switching of the rail rack and four truck loading spots that are equipped with in-line injection capabilities to provide quality finished products to customers.
“We are excited to announce this terminal development for USDCF. It is the second terminal of a growing network of clean fuels terminals that we anticipate will ultimately include California, Oregon, Washington, Canada and the Texas Gulf Coast based on strong customer and railroad interest. These terminals will provide needed infrastructure that will make the downstream logistics of biofuel production and feedstocks more efficient,” said Bob Copher, Senior Vice President of USD Clean Fuels.
With mounting political and public pressure to reduce reliance on fossil fuels, reduce and re-use waste streams, and cut greenhouse gas emissions, clean fuels are becoming popular alternatives that comply with California’s goal of reducing greenhouse gas emissions throughout the state by 2030. In addition to supporting climate change mitigation efforts through the increased distribution of cleaner, renewable energy, the National City terminal will serve several underserved areas in San Diego County using local and regional employees and resources.
As previously announced, USD Clean Fuels LLC is an entity formed by USD Group LLC to focus on providing production and logistics solutions to the growing market for clean energy transportation fuels.
About USD Group LLC
USD Group LLC (USDG), which owns the general partner of USD Partners LP (USDP), is engaged in designing, developing, owning, and managing large-scale multi-modal logistics centers and energy-related infrastructure across North America. USDG solutions create flexible market access for customers in significant growth areas and key demand centers, including Western Canada, the U.S. Gulf Coast and Mexico. Among other projects, USDG, along with its partner Gibson Energy, Inc., is pursuing long-term solutions to transport heavier grades of crude oil produced in Western Canada through its Diluent Recovery Unit adjacent to USDP’s Hardisty rail terminal. USDG is also currently pursuing the development of a premier energy logistics terminal on the Houston Ship Channel with capacity for substantial tank storage, multiple docks (including barge and deepwater), inbound and outbound pipeline connectivity, as well as a rail terminal with unit train capabilities.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of U.S. federal securities laws, including statements with respect to expectations regarding the development and permitting timeline and operational date for USDCF’s new biofuels terminal in National City, Ca, the ultimate size and scope of USDCF’s clean fuels terminal network, the ability of the new National City terminal to comply with California’s goal of reducing greenhouse gas emissions, USDCF’s ability to successfully engage regional economic development groups to support the National City terminal’s personnel needs, and USDG’s ability to develop future additional projects and expansion opportunities. Words and phrases such as “plans,” “expects,” “will,” “would,” “believes,” and similar expressions are used to identify such forward-looking statements. However, the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements relating to the Partnership are based on management’s expectations, estimates and projections about the Partnership, its interests and the energy industry in general on the date this press release was issued. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecast in such forward-looking statements. Factors that could cause actual results or events to differ materially from those described in the forward-looking statements include construction and cost-related risks; risks associated with constructing and operating a terminals; changes in general economic conditions; the effects of competition, in particular, by pipelines and other terminalling facilities; the supply of, and demand for, rail terminalling services for biofuels, crude oil and refined products; hazards and operating risks that may not be covered fully by insurance; disruptions due to equipment interruption or failure at the Hardisty terminal or third-party facilities on which our business is dependent; natural disasters, weather-related delays, casualty losses and other matters beyond our control; and changes in laws or regulations to which we are subject, including compliance with environmental and operational safety regulations, that may increase our costs. USDG and USDCF are under no obligation (and expressly disclaim any such obligation) to update or alter the forward-looking statements contained in this press release, whether as a result of new information, future events or otherwise, except as required by law.
Commercial Contact:
Robert Copher, (316) 305-6949
Senior Vice President, USD Clean Fuels
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Investor Relations Contact:
Adam Altsuler, (281) 291-3995
Executive Vice President, Chief Financial Officer
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Mawson’s installed operational capacity as of December 31, 2022 was approximately 2.9 Exahash across Bitcoin Self-Mining and Hosting Co-locations
Approximately $4 million in revenue generated from Mawson’s Energy Market Program in December, $13.9 million generated in 2022
SHARON, Pa. & SYDNEY--(BUSINESS WIRE)--Mawson Infrastructure Group Inc. (NASDAQ:MIGI) (“Mawson” or the “Company”), a digital infrastructure provider, announced today its unaudited Bitcoin production and operational update for December 2022.
James Manning, CEO commented, “December was a record month for Mawson’s energy market revenue, at approximately $4 million. This brought our equivalent BTC production to approximately 261.83 for the month, or 8.44 per day.1 This is approximately equivalent to the BTC revenue that could have been produced by 2.2 Exahash of mining in the month of December. This additional source of revenue has given Mawson an advantage through the past 6 months. Through the last 6 months this program has delivered unaudited revenue of $13.9 million. Our expansion at the Midland, Pennsylvania site continues to move forward at speed, with an online date still within Q1, 2023. The first MDCs have been delivered to our Sharon, Pennsylvania site, and we look forward to communicating the online date with our shareholders in the near future. Combined, these first containers have a total capacity of up to approximately 12 MW.2”
December Bitcoin Self-Mining, Energy Market Program & Hosting Co-location Results Update3:
Sale of Georgia Assets:
Mawson achieved another milestone by finalizing the relocation of it’s Georgia hosting customer to Mawson’s Midland, PA facility in late December. This was an obligation under the sale documents relating to the Sandersville, Georgia facility, as announced to the market on October 11, 2022. Mawson expects the balance of the cash consideration to be paid to Mawson in Q1 / early Q2 2023. All stock consideration from CleanSpark, Inc has now been issued to Mawson.
2023 Operational Focus
Mawson looks to advance in 2023 through:
About Mawson Infrastructure
Mawson Infrastructure Group (NASDAQ: MIGI) is a digital infrastructure provider, with multiple operations throughout the USA and Australia. Mawson’s vertically integrated model is based on a long-term strategy to promote the global transition to the new digital economy. Mawson matches sustainable energy infrastructure with next-generation Mobile Data Center (MDC) solutions, enabling low-cost Bitcoin production and on-demand deployment of infrastructure assets. With a strong focus on shareholder returns and an aligned board and management, Mawson Infrastructure Group is emerging as a global leader in ESG focused Bitcoin mining and digital infrastructure.
For more information, visit: www.mawsoninc.com
Statements about hashrate capacity
Statements in the press release about hashrate capacity (including ‘installed capacity’) or ‘nameplate’ capacity, will often differ from the actual or observed hashrates. Hashrate capacity or ‘nameplate’ capacity generally makes certain assumptions about the efficiency of the ASIC miners that are in use. Some ASIC miner models will consume less power to create the same amount of hashing power than other ASIC miner models (typically more recent models are more efficient). Many ASIC miner fleets are blended fleets, including various ASIC miner models each with different efficiency ratings. Hashrate capacity figures typically assume 100% deployment of ASIC miners. Given the large numbers of computing units (often numbering in the tens of thousands), ASIC mining fleets are rarely 100% deployed and online at any one time. This can be due to a variety of factors, including ASIC miners being under maintenance, in repair workshops, in storage, in transit, or due to technical faults and breakdowns. Once deployed and online, the actual or observed hashrate can be influenced by other factors such as heat, overclocking (causing the ASIC miner to perform at levels higher than the manufacturer’s specifications), the age, and wear and tear exhibited by the ASIC miners and also by the limitations of the surrounding infrastructure, such as power outages, and MDC and transformer breakdowns. Construction and development delays are a common risk for mining data centers, for example due to weather, permitting delays, or labor and equipment shortages. Investors should consider all risk factors related to uptime when considering these figures, which are a best-case scenario. The above information is for general information purposes only, and are forward looking statements which should not be relied upon as being necessarily indicative of future results. Mawson takes no responsibility for the accuracy of third-party information, including websites. Please see our Risk Factors in our Annual Report on Form 10-K filed March 21, 2022, under the Sub-Heading Risks Relating to Our Business and Management for important risks related to our Self-Mining.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
Mawson cautions that statements in this press release that are not a description of historical fact are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words referencing future events or circumstances such as “expect,” “intend,” “plan,” “anticipate,” “believe,” and “will,” among others. Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. These forward-looking statements are based upon Mawson’s current expectations and involve assumptions that may never materialize or may prove to be incorrect. Actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of various risks and uncertainties, which include, without limitation, the possibility that Mawson’s need and ability to raise additional capital, the development and acceptance of digital asset networks and digital assets and their protocols and software, the reduction in incentives to mine digital assets over time, the costs associated with digital asset mining, the volatility in the value and prices of cryptocurrencies and further or new regulation of digital assets. More detailed information about the risks and uncertainties affecting Mawson is contained under the heading “Risk Factors” included in Mawson’s Annual Report on Form 10-K filed with the SEC on March 21, 2022, and Mawson’s Quarterly Report on Form 10-Q filed with the SEC on August 22, 2022, November 14, 2022 and in other filings Mawson has made and may make with the SEC in the future. One should not place undue reliance on these forward-looking statements, which speak only as of the date on which they were made. Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Mawson undertakes no obligation to update such statements to reflect events that occur or circumstances that exist after the date on which they were made, except as may be required by law.
________________________________
1 “Equivalent BTC Production” is an estimate of the value of the energy market revenue (which is earned in US dollars) expressed in BTC, based on network difficulty as at December 31, 2022, and includes a number of assumptions and estimations, including the use of average USD:BTC exchange rates over the month.
2 Once fully installed, with a full deployment of latest generation miners.
3 All figures unaudited, and as at December 31, 2022.
4 Based on average price of Bitcoin in December of $16,971.
5 As above.
6 Based on fully deployed MDCs with typical power consumption for latest generation miners, not actual capacity.
7 Assumes and is subject to successful acquisition or leasing of multiple sites and then their successful and timely development. Several sites are currently under review and in active negotiation by Mawson.
Investor Contact:
Brett Maas
646-536-7331
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www.haydenir.com
MISSISSAUGA, Ontario--(BUSINESS WIRE)--Schneider Electric, the leader in the digital transformation of energy management and automation, has been named as a Global Parity Alliance Diversity, Equity and Inclusion (DEI) Lighthouse for its Global Pay Equity (GPE) initiative, by the World Economic Forum’s (WEF) Centre for the New Economy and Society.
This award recognizes Schneider Electric’s efforts to promote inclusion and care by advancing pay equity across all its offices. Schneider Electric’s Global Pay Equity initiative began in 2014 with pilots in 12 countries. Since then, it has been implemented in over 100 countries, reaching 99.6 per cent of the company’s total workforce by the end of 2020.
“It’s an honor to be recognized for our ongoing commitment to gender equity. We believe that an inclusive and caring company culture is key for creating a sustainable future. We want to bring a long-term positive impact for our people, our company, and our planet – and that can only be achieved by providing equitable opportunities to everyone, everywhere. We’ve gained a lot of momentum and progress over the years in this area, and we’re determined to continue hardwiring equity and inclusion in all stages of our employees’ experience.” said Charise Le, Schneider Electric’s Chief Human Resources Officer.
Established by the WEF in collaboration with McKinsey & Company, the Global Parity Alliance is a global, cross-industry group of organizations that is working to drive better and faster DEI outcomes by identifying initiatives with proven impact, sharing insights that have been key to their success, and elevating DEI action to CEO level.
Schneider Electric’s Global Pay Equity initiative has enabled year-over-year improvements in the female pay gap, through:
Schneider Electric has since expanded its GPE program, setting itself the goal to attain and maintain a pay gap of <1 per cent for all employees, and to achieve a 50:40:30 gender balance (i.e., women should represent 50 per cent of all new hires, 40 per cent of all frontline managers, and 30 per cent of senior leadership) by 2025. The company will also look to implement a pay equity simulator tool to provide broader visibility into pay gap data, to help managers, HR business partners and recruiters make fair offers to potential candidates.
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About Schneider Electric
Schneider Electric is an #ImpactCompany that provides energy and automation digital solutions to drive efficiency and sustainability for all. We combine world-leading energy technologies, real-time automation, software and services into integrated solutions for homes, buildings, data centers, infrastructure and industries. We make process and energy safe and reliable, open and connected, and efficient and sustainable. www.se.com/ca
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Media Relations - Edelman on behalf of Schneider Electric, Juan Pablo Guerrero
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SAN FRANCISCO--(BUSINESS WIRE)--Stem, Inc. (NYSE: STEM), a global leader in AI-driven clean energy software and services, will hold a conference call on Thursday, February 16, 2023, to discuss its financial results for the quarter ended December 31, 2022, and business outlook for 2023.
The conference call is scheduled to begin at 5:00 p.m. Eastern Time. A press release regarding the results will be issued at approximately 4:05 p.m. Eastern Time.
The conference call may be accessed via a live webcast on a listen-only basis at https://investors.stem.com/events-and-presentations. The call can also be accessed live over the telephone by dialing (855) 327-6837, or for international callers, (631) 891-4304, and referencing Stem.
A replay will be available shortly after the call and can be accessed by dialing (844) 512-2921, or for international callers, (412) 317-6671. The passcode for the replay is 10020963. The replay will be available until Thursday, March 16, 2023. An archive of the webcast will be available shortly after the call on Stem’s website at https://investors.stem.com/overview for 12 months following the call.
About Stem
Stem (NYSE: STEM) provides clean energy solutions and services designed to maximize the economic, environmental, and resiliency value of energy assets and portfolios. Stem’s leading AI-driven enterprise software platform, Athena®, enables organizations to deploy and unlock value from clean energy assets at scale. Powerful applications, including AlsoEnergy’s PowerTrack, simplify and optimize asset management and connect an ecosystem of owners, developers, assets, and markets. Stem also offers integrated partner solutions to help improve returns across energy projects, including storage, solar, and electric vehicle fleet charging. For more information, visit www.stem.com.
Source: Stem, Inc.
Stem Investor Contacts
Ted Durbin, Stem
Marc Silverberg, ICR
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CHICAGO--(BUSINESS WIRE)--ComEd today filed with the Illinois Commerce Commission (ICC) multi-year grid and rate plans (“the plans”) that will strengthen the region’s infrastructure and economy and increase access to the benefits of clean energy and decarbonization under the state’s Climate and Equitable Jobs Act (CEJA). The plans also ensure that the electric grid remains reliable and resilient for the 9 million people ComEd serves in northern Illinois as severe weather events become more common due to climate change.
“ComEd has a critical role in ensuring the transition to cleaner energy is reliable and equitable for all,” said ComEd CEO Gil Quiniones. “These proposed investments are necessary to deliver the resilient 24/7 power our customers depend on, prepare the grid for fleets of electric vehicles and electrification, integrate more clean energy and battery storage, and equitably advance a decarbonized energy future. In addition to supporting the goals of CEJA, the plans will create good-paying local jobs and drive investment to help ensure all communities – especially those that are under-resourced – benefit from the clean energy transition.”
The grid plan reflects input provided in 15 ICC-led workshops, which involved hundreds of participants and dozens of presentations on energy issues and community and stakeholder priorities. Following an 11-month open process in which the ICC, other public agencies, and consumer, environmental and other groups will review the plan and costs, the ICC will issue a decision in December 2023. State regulators must find all costs prudent and reasonable before including them in rates.
Multi-Year Plan Advantages
ComEd’s rate plan sets base rates and revenue requirements for four years, which provides greater predictability for customers while funding investments that are required to deliver at least 40 percent of benefits to equity investment-eligible communities. The plans align with ComEd 2030, the company’s recently announced vision for a carbon-free energy future that will benefit all communities and meet customers’ changing needs for the rest of this decade and beyond.
Each investment that ComEd plans helps ensure the safety, resiliency and security of the grid while meeting the demands of climate change, decarbonization and electrification, evolving customer needs, and increasing cyber and physical security threats – all with a focus on equity and affordability. Key areas of investment include:
Bills Among Lowest in Nation; Record-Breaking Reliability
ComEd’s average total monthly customer bill of $93 is among the lowest in the nation today, and its residential customers’ bills are approximately 20 percent lower than the average in the 10 largest U.S. metropolitan areas. ComEd’s plans would result in an increase of about $4.25 in the average monthly residential bill annually from 2024 through 2027, for a total impact of $17 by 2027. At ComEd’s requested rate for 2027, the average residential bill would be less than even the average 2021 residential utility bill in more than half of U.S. states. The plans include an increase in annual delivery costs of $1.47 billion spread out over four years. The company is seeking ICC approval to defer 35 percent of the 2024 increase until 2026 to smooth the transition for ComEd customers.
Maintaining a highly reliable grid with fewer and shorter power outages will continue to create savings for customers. ComEd’s reliability is among the best of all large U.S. electric companies and was better in 2022 than in any prior year on record. Since ComEd started smart grid improvements in 2012, it has improved overall reliability by more than 80 percent, helping customers avoid more than 19 million outages and save more than $3.3 billion in outage-related costs. As extreme weather events, electrification and other ComEd customer needs increase, the need to invest in the reliability of the system grows.
“We are encouraged that ComEd's plans will build greater resilience, improve the capacity to transition to clean energy and adapt to climate change impacts. We are pleased to support ComEd's multi-year grid plan," Neil C. James, Executive Director of Metropolitan Mayors Caucus.
Expansion of Renewables and Beneficial Electrification
ComEd estimates that solar power on its grid, including rooftop and community solar systems, will grow more than five times from almost 500 megawatts (MWs) today to 2,700 MWs by 2030. In 2022, ComEd received a record-setting 19,292 applications from residential, commercial and industrial customers to connect solar panels and other distributed energy resources to ComEd’s grid, a 74 percent increase from the prior year. Sustaining this growth and preparing to serve more electric vehicles, buildings and industries while maintaining grid safety and reliability for ComEd customers will require physical and digital infrastructure upgrades.
“EV adoption has grown significantly throughout the country, and specifically in Illinois, in recent years, and we expect this trend to accelerate in the near term,” said Matthew Deal, manager of utility policy at ChargePoint, the largest online network of independently owned EV charging stations. “ComEd’s proposed Grid Plan establishes a strong foundation to support the State’s goal for one million EVs on Illinois roads by 2030.”
Multi-Year Plans Support Jobs, Drive Economic Development
ComEd’s plan will support job creation as renewable energy rapidly expands and various sectors decarbonize. National economic and workforce applied research firm BW Research recently released a first-of-its-kind study that found that the state’s larger transition to clean energy could create a net increase of more than 41,000 jobs by 2030 and 150,000 jobs by 2050 in Illinois.
“Illinois leads the nation in moving to a clean energy economy built by union labor,” said Joe Duffy, executive director of labor coalition Climate Jobs Illinois. “ComEd's Grid Plan represents an important first step towards the clean jobs future.”
In addition, the grid plan advances ComEd’s leading role in supporting economic growth across northern Illinois. Companies continue to invest in the region thanks to the unparalleled access to clean, cost-effective and highly reliable power. As one key example, in the last two years, ComEd has brought 28 commercial projects online, including 12 data centers, representing 6,800 jobs and more than $3 billion in local investment.
“As businesses continue to increase their electrification needs, an affordable, reliable, and clean grid has never been more critical,” said Jack Lavin, President and CEO of the Chicagoland Chamber of Commerce. “ComEd’s continued investments in a more sustainable system will keep Illinois competitive by providing a modernized grid that can attract businesses to our state and contribute to their performance.”
Performance Metrics Drive Accountability in Achieving Targets and Equity
ComEd’s plan is subject to ICC-approved performance metrics that set targets for grid performance and equity. They measure: continued improvement in reliability of the overall grid and greater resilience in environmental justice communities; reduction of peak electric demand on the grid; reduction of residential customer disconnections; reduction of the time it takes to connect distributed energy resources; and enhancement of service through the resolution of customer issues.
Metrics include ComEd’s spend with diverse suppliers and its impact on the economy. In 2021, ComEd spent $893 million – 42 percent of its total spend – with minority-owned, women-owned, and veteran-owned companies, up from $253 million in 2012. ComEd works with more than 660 diversity-certified suppliers, including The Will Group, a contract manufacturing company.
“Over the past 10 years, we have partnered with ComEd on various projects that have transformed communities like the K-Town Business Center in North Lawndale,” said Joshua Davis, president of The Will Group. “ComEd's proposed grid plan is a community investment that aligns with our partnership's foundational shared quality of being transformative in the communities in which we operate, and we fully support it.”
To continue to support customers who are working to make ends meet, ComEd recently added three new customer-assistance programs to its existing offerings to help income-eligible families and individuals access assistance options and manage their electric bills.
ComEd is a unit of Chicago-based Exelon Corporation (NASDAQ: EXC), a Fortune 200 energy company with approximately 10 million electricity and natural gas customers – the largest number of customers in the U.S. ComEd powers the lives of more than 4 million customers across northern Illinois, or 70 percent of the state’s population. For more information visit ComEd.com and connect with the company on Facebook, Twitter, Instagram and YouTube.
ComEd Media Relations
312-394-3500
New Community Wins Latest in More Than $20 Million in Recent Solar Contract Awards
WILLISTON, Vt.--(BUSINESS WIRE)--iSun, Inc. (NASDAQ: ISUN) (the "Company," or "iSun"), a leading solar energy and clean mobility infrastructure company with 50-years of experience accelerating the adoption of innovative electrical technologies, today announced that it was awarded two new contracts valued at nearly $6 million combined to implement renewable energy solutions for community solar projects in Northern New England.
HIGHLIGHTS:
“We’re very pleased with our recent contract awards in two more communities as we assist more residents across northern New England in implementing alternative energy solutions,” said Jeffrey Peck, Chairman and Chief Executive Officer of iSun. “These awards, combined with our other recently announced wins, secure more than $20 million in contracts for iSun throughout New England as we show continued success in cultivating long-term customer relationships. The transition to clean energy remains the most important initiative of our generation and we are proud to assist more communities in achieving alternative energy solutions.”
About iSun Inc.
Since 1972, iSun has accelerated the adoption of proven, life-improving innovations in electrification technology. iSun has been the trusted service provider to Fortune 500 companies for decades and has installed clean rooms, fiber optic cables, flight simulators, and over 600 megawatts of solar systems. The Company currently provides a comprehensive suite of solar services across residential, commercial, industrial & municipal, and utility scale projects and provides solar electric vehicle charging solutions for both grid-tied and battery backed solar EV charging systems. iSun believes that the transition to clean, renewable solar energy is the most important investment to make today and is focused on profitable growth opportunities. Please visit www.isunenergy.com for additional information.
Forward Looking Statements
This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. Words or phrases such as "may," "should," "expects," "could," "intends," "plans," "anticipates," "estimates," "believes," "forecasts," "predicts" or other similar expressions are intended to identify forward-looking statements, which include, without limitation, earnings forecasts, effective tax rate, statements relating to our business strategy and statements of expectations, beliefs, future plans and strategies and anticipated developments concerning our industry, business, operations and financial performance and condition.
The forward-looking statements included in this press release are based on our current expectations, projections, estimates and assumptions. These statements are only predictions, not guarantees. Such forward-looking statements are subject to numerous risks and uncertainties that are difficult to predict. These risks and uncertainties may cause actual results to differ materially from what is forecast in such forward-looking statements, and include, without limitation, the risk factors described from time to time in our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K.
All forward-looking statements included in this press release are based on information currently available to us, and we assume no obligation to update any forward-looking statement except as may be required by law.
For more information contact:
iSun Investor Relations
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HOUSTON--(BUSINESS WIRE)--Pickering Energy Partners (“PEP”) acted as a co-manager on the $150,000,000 follow-on public offering for Cactus, Inc. (NYSE: WHD) which closed on January 13, 2023.
About Pickering Energy Partners:
Pickering Energy Partners (PEP) is an energy-focused financial services platform. Our expertise spans decades across the entire energy landscape. We’ve deployed over $16 billion across all energy sub-sectors. We are, at our core, trusted energy advisors, investors, and partners alongside our clients. The PEP platform includes Investments, Research, Capital Markets, Investment Banking, and Consulting. Headquartered in Houston, Texas, PEP delivers an experienced, opportunistic team that aims to provide guidance and long-term value for clients while having a positive impact on the companies and communities that PEP invests in.
For more information, please visit www.PickeringEnergyPartners.com.
Pickering Energy Partners LP (“PEP”) is an SEC Registered Investment Adviser. Affiliated PEP Advisory LLC (“PEP BD”) is a registered broker-dealer, member FINRA/SIPC.
Josh Martin, Managing Director
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