NORWOOD, Mass.--(BUSINESS WIRE)--GZA GeoEnvironmental, Inc. (GZA), a leading multi-disciplinary firm providing geotechnical, environmental, ecological, water, and construction management services, has recently closed offshore wind contracts with clients in New England and New York that bring to more than 6 gigawatts (6,000 MW) the total offshore wind energy development that GZA is now supporting.
GZA’s capabilities in offshore wind include delivery of specialized offshore, nearshore, and onshore engineering. GZA’s scientists and engineers have extensive experience with completing projects for utilities, energy developers, and port operators and working with federal, state, and local regulators.
GZA President and Chief Executive Officer Patrick Sheehan said: “Offshore wind energy in the U.S. promises to bring us competitively-priced clean energy, thousands of new jobs, enormous opportunities to redevelop and revitalize working ports, and a transformation of our electric grid to receive and deliver wind energy. All of us at GZA are excited by this historic opportunity to help clients solve the many complex challenges related to successfully delivering on the promise of offshore wind.’’
GZA’s work in offshore wind began with providing geotechnical engineering services for the very first offshore wind farm conceived in the U.S., followed by the first offshore wind farm constructed in the U.S.: Orsted’s five-turbine, 30 MW Block Island Wind Farm.
Since then, GZA has supported other offshore wind projects including offshore turbine foundations, submarine cable routes, cable landings, on-shore interconnections, and electric network upgrades.
GZA also provided geotechnical, environmental, waterfront design, and health and safety services for new port terminals, and upgrades to existing ports requiring platforms and bulkheads capable of meeting the berthing and heavy-lift demands associated with manufacturing, assembly, construction, and operation and maintenance of the offshore turbines and cables.
About GZA
GZA is a multi-disciplinary, employee-owned firm providing Geotechnical, Environmental, Ecological, Water, and Construction Management services. GZA’s more than 650 professionals are based in 28 offices in New England, the Mid-Atlantic, the Great Lakes States and Colorado. Our corporate headquarters is at 249 Vanderbilt Avenue, Norwood, MA 02062.
Media: Angela Cincotta, GZA Chief of Marketing and Communications, 781.401.0561.
The Louisiana Green Fuels Project in Caldwell Parish Seen as Critical Infrastructure by the Federal Government
COLUMBIA, La.--(BUSINESS WIRE)--Strategic Biofuels, the leader in developing negative carbon footprint renewable fuels plants, announced today that the Port of Columbia, home to the Louisiana Green Fuels project (LGF) has been awarded a $1 million grant from the Department of Homeland Security (DHS) and FEMA through its Port Security Grant Program (PSGP). The PSGP is part of a series of grant programs created by Congress and implemented by DHS to help strengthen defenses around the nation’s critical infrastructure. The PSGP specifically provides funds to state, local, territorial, and private sector partners to help protect port-wide risk management and transportation infrastructure in support of the National Preparedness Goal.
A total of $100 million was awarded under the Port Security Grant Program to 213 recipients across the country. The $1 million awarded to the Port of Columbia was the largest award to the 15 Louisiana recipients and was in the top 8% of all awards granted. Notably, it was greater than the grants to the Port of New Orleans, the Port of Baton Rouge, and the Port Authority of New York and New Jersey.
“This funding commitment from DHS and FEMA recognizes our deeply carbon negative footprint LGF project as a key contributor to our country’s energy transition and worthy of federal investment into its security,” said Dr. Paul Schubert, CEO of Strategic Biofuels. “The Columbia Port Commission’s leaders have been strong advocates for us from the beginning and have been exceptionally effective in securing state and federal funds that enhance the Port’s infrastructure and support our project.”
The LGF project will have a significant and positive impact on the entire northern Louisiana region, creating an estimated 151 direct jobs and about 750 indirect jobs in Louisiana’s 5th Congressional District, the seventh poorest Congressional District in the nation. The district’s average annual household income is just $36,000 and Caldwell Parish’s is even lower at $32,000 for its 10,000 residents. The average salary for jobs at the plant is expected to be $69,000, not counting benefits. Construction in support of the project is scheduled to begin at the Port this autumn, funded by an earlier $15 million Louisiana Port Priority Program grant through the Louisiana Department of Transportation and Development. The Port of Columbia is managing this early work.
“We are excited to see the Columbia Port Commission’s continuing success in bringing infrastructure improvement funds into Caldwell Parish,” said Bob Meredith, COO of Strategic Biofuels. “The Port’s efforts accelerate the construction schedule and provide tangible evidence of economic revitalization and new job opportunities coming to the region as a result of the LGF project.”
The LGF project has continued to benefit from the State of Louisiana and federal governments’ desire to support Carbon Capture and Sequestration (CCS) innovation and development to meet climate goals. Strategic Biofuels has been a leader in Louisiana since successfully completing the first CCS test well last summer. Most recently, the federal Inflation Reduction Act enacted August 16, 2022 increased the IRS Section 45Q sequestration tax credits the project will receive on the approximately 1.4 million tons per year of CO2 it will sequester from $50/ton to $85/ton. In addition, on August 1, 2022, Act 163 signed by Louisiana Governor John Bel Edwards went into effect, expanding the eminent domain acquisition of the pore rights necessary for underground CO2 storage in Caldwell Parish and directly supporting the LGF project.
For more information about Strategic Biofuels or the Louisiana Green Fuels project, visit: www.strategicbiofuels.com.
About Strategic Biofuels
Strategic Biofuels LLC is a team of energy, petrochemical and renewable technology experts focused on developing a series of deeply negative carbon footprint plants in northern Louisiana that convert waste materials from managed forests into renewable diesel fuel and renewable naphtha. The fuel qualifies for substantial Carbon Credits under the Federal Renewable Fuel Standard Program and under the California Low Carbon Fuels Standard.
About Louisiana Green Fuels
Louisiana Green Fuels is the first of a series of projects by Strategic Biofuels LLC in Caldwell Parish, Louisiana. Located at the Port of Columbia, the plant will produce renewable diesel fuel from Renewable Fuel Standard compliant forestry waste and will produce all its own green power from sawmill and forestry waste materials. The plant and its accompanying Class VI Carbon Capture and Sequestration (CCS) Wells will produce renewable diesel fuel with a carbon footprint that is nearly a 400% reduction compared to fossil diesel, making it the most deeply carbon-negative liquid fuel in the world.
Hunter Dodson
512-448-4950
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DENVER--(BUSINESS WIRE)--Farmland Partners Inc. (NYSE: FPI) (the “Company” or “FPI”) today announced it received notice that a renewable energy tenant plans to begin construction of a new solar power project in Clark County, Illinois, by the end of the month.
The development, which extends across six FPI properties spanning 1,542 acres, will generate increased rental income for the Company and expand its growing renewable energy portfolio.
The tenant will pay rents that are nearly 50% higher than current farm rents once construction is completed and will make payments above that higher level during the expected 12-month construction period.
“While working with farmers and supporting their efforts to responsibly feed the world remains our primary mission, we also recognize that investing in renewable energy benefits the environment and provides attractive returns to our shareholders,” said FPI Chairman and CEO Paul Pittman.
FPI’s renewable power portfolio currently has the capacity to produce more than 110 megawatts of electricity, across three operational wind projects and five solar projects. For perspective, that’s enough electricity to power 20,900 U.S. homes, according to methodology used by the Solar Energy Industries Association. The planned Clark County development will add additional generation capacity.
While solar projects replace farm rents entirely, wind projects supplement existing farm rents because agricultural production can continue around wind turbines. The chart below provides an overview of the Company’s energy portfolio, including expected revenue from the new solar project once it is operational.
Energy Type |
|
States |
|
Total Acres |
|
Avg. Energy
|
|
Avg. Increase
|
|
|
|
|
|
|
|
|
|
Solar |
|
IL, NC |
|
2,026 |
|
$578.15 |
|
107% |
Wind* |
|
CO, NC |
|
11,320 |
|
$25.66 |
|
35% |
*Wind leases are in addition to farm leases, as farms can continue agricultural production. |
||||||||
“Including the Clark County project, energy tenants account for nearly $1.5 million in revenue a year,” Pittman explained. “Given the long-term nature of solar and wind leases – ranging from 15 to 40 years – these projects reduce risk for the Company and provide long-term inflation protection.”
FPI also has more than 13,700 additional acres of renewable energy projects under option or at various stages of development and planning. Option payments generate, on average, $45 per acre in additional annual income above farm rents.
About Farmland Partners Inc.
Farmland Partners Inc. is an internally managed real estate company that owns and seeks to acquire high-quality North American farmland and makes loans to farmers secured by farm real estate. As of the date of this release, the Company owns and/or manages more than 185,750 acres in 18 states, including Alabama, Arkansas, California, Colorado, Florida, Georgia, Illinois, Indiana, Iowa, Kansas, Louisiana, Michigan, Mississippi, Missouri, Nebraska, North Carolina, South Carolina, and Virginia. We have approximately 26 crop types and more than 100 tenants. The Company elected to be taxed as a real estate investment trust, or REIT, for U.S. federal income tax purposes, commencing with the taxable year ended December 31, 2014. Additional information: www.farmlandpartners.com or (720) 452-3100.
Forward-Looking Statements
This press release includes "forward-looking statements" within the meaning of the federal securities laws, including, without limitation, statements with respect to expected yields on acquired farmland, our outlook, proposed and pending acquisitions and dispositions, the potential impact of trade disputes and recent extreme weather events on the Company's results, financing activities, crop yields and prices and anticipated rental rates. Forward-looking statements generally can be identified by the use of forward-looking terminology such as "may," "should," "could," "would," "predicts," "potential," "continue," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" or similar expressions or their negatives, as well as statements in future tense. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions, beliefs and expectations, such forward-looking statements are not predictions of future events or guarantees of future performance and our actual results could differ materially from those set forth in the forward-looking statements. Some factors that might cause such a difference include the following: risks relating to the commencement or completion of construction and development of the solar and wind projects discussed in this press release, the anticipated rents on solar and wind projects relative to existing rents, the timing and amount of rents expected to be received on the solar and wind projects discussed in this press release, the progression of the Company's other renewable energy projects, general volatility of the capital markets and the market price of the Company's common stock, changes in the Company's business strategy, availability, terms and deployment of capital, the Company's ability to refinance existing indebtedness at or prior to maturity on favorable terms, or at all, availability of qualified personnel, changes in the Company's industry, interest rates or the general economy, adverse developments related to crop yields or crop prices, the degree and nature of the Company's competition, the timing, price or amount of repurchases, if any, under the Company's share repurchase program, the ability to consummate acquisitions or dispositions under contract and the other factors described in the section entitled "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2021, and the Company's other filings with the Securities and Exchange Commission. Any forward-looking information presented herein is made only as of the date of this press release, and the Company does not undertake any obligation to update or revise any forward-looking information to reflect changes in assumptions, the occurrence of unanticipated events, or otherwise.
Phillip Hayes
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INCE, U.K.--(BUSINESS WIRE)--CF Fertilisers UK, a subsidiary of CF Industries Holdings, Inc. (NYSE: CF), today announced its intention to temporarily halt ammonia production at the Billingham Complex due to market conditions. CF Fertilisers UK intends to use the site’s capability to import ammonia to enable it to continue to run its ammonium nitrate (AN) and nitric acid upgrade plants. The Company expects to fulfil all ammonia and nitric acid contracts and all orders of AN contracted for delivery in the coming months.
At current natural gas and carbon prices, CF Fertilisers UK’s ammonia production is uneconomical, with marginal costs above £2,000 per tonne and global ammonia prices at about half that level. The current cost of natural gas at NBP is more than twice as high as it was one year ago, with the NBP forward strip suggesting that this price will continue to rise in the months ahead.
The Company has notified customers who purchase carbon dioxide (CO2) on a contract basis from the Billingham Complex about the impending temporary halt of ammonia production. Once the ammonia plant is safely shut down, CO2 production, which is a byproduct of the ammonia production process, will stop until the plant is restarted.
The Company has not yet determined the exact date when it will begin the temporary shutdown of the ammonia plant. At this time, CF Fertilisers UK do not anticipate any impact on employees regarding this announcement given the substantial level of activity that will continue to occur at Billingham.
About CF Industries Holdings, Inc.
At CF Industries, our mission is to provide clean energy to feed and fuel the world sustainably. With our employees focused on safe and reliable operations, environmental stewardship, and disciplined capital and corporate management, we are on a path to decarbonize our ammonia production network – the world’s largest – to enable green and blue hydrogen and nitrogen products for energy, fertilizer, emissions abatement and other industrial activities. Our manufacturing complexes in the United States, Canada, and the United Kingdom, an unparalleled storage, transportation and distribution network in North America, and logistics capabilities enabling a global reach underpin our strategy to leverage our unique capabilities to accelerate the world’s transition to clean energy. CF Industries routinely posts investor announcements and additional information on the Company’s website at www.cfindustries.com and encourages those interested in the Company to check there frequently.
Media
Chris Close
Director, Corporate Communications
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HOUSTON--(BUSINESS WIRE)--$XPRO #Expro--Expro Group Holdings N.V. (NYSE: XPRO) today announced that Michael Jardon, Chief Executive Officer, will present to members of the investment community at the Barclays CEO Energy-Power Conference 2022 at 9:10 a.m. ET on Thursday, September 8, 2022.
A live webcast of Expro’s presentation can be accessed via Barclays CEO Energy-Power Conference or under the Investor section of www.expro.com. Please log on at least 15 minutes early to register and to download any necessary audio software. A replay will also be available under the Investor section of Expro’s website for 90 days following the presentation. In addition, the conference presentation and script may be accessed via the Investor section of www.expro.com.
ABOUT EXPRO
Working for clients across the entire well life cycle, Expro is a leading provider of energy services, offering cost-effective, innovative solutions and what the Company considers to be best-in-class safety and service quality. The Company’s extensive portfolio of capabilities spans well construction, well flow management, subsea well access and well intervention and integrity solutions.
With roots dating to 1938, Expro has approximately 7,200 employees and provides services and solutions to leading exploration and production companies in both onshore and offshore environments in approximately 60 countries.
For more information, please visit: expro.com and connect with Expro on Twitter @ExproGroup and LinkedIn @Expro.
Karen David-Green – Chief Communications, Stakeholder & Sustainability Officer
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DUBLIN--(BUSINESS WIRE)--The "Flywheel Energy Storage System Market Size, Share & Trends Analysis Report By Application (UPS, Distributed Energy Generation, Transport, Data Centers), By Region, And Segment Forecasts, 2022 - 2030" report has been added to ResearchAndMarkets.com's offering.
Flywheel Energy Storage System Market Growth & Trends
The global flywheel energy storage system market size is expected to reach USD 737.99 million, registering a CAGR of 9.8% during the forecast period from 2022 to 2030, according to a new report. The rise in climate change issues and environmental concerns led various countries, around the world, to reduce their carbon footprint for power generation and transportation sector and to opt for cleaner and green energy technologies owing to the demand for flywheel energy storage is growing in its specific application segments.
The data center is the highest penetration application segment in the flywheel energy storage market due to the growing demand for energy storage devices, in order to overcome the risk of interruptions at the main power supply. UPS, with the second-highest penetration, is one of the most important application areas of flywheel energy storage systems. The growing demand for uninterrupted power supply from industries across various sectors is driving the market for UPS.
During the forecast period, the penetration of the distributed energy generation segment is projected to grow at the highest rate. This method of power generation helps in cost reduction as the power is generated at the point of consumption. Besides, the generation of power on-site eliminates inefficiencies and complexities associated with transmission and distribution.
The North America region is leading the market in 2021. The North American flywheel energy storage market is characterized by growing demand for UPS systems, to maintain a continuous supply of power for commercial and industrial applications.
Flywheel Energy Storage System Market Report Highlights
Key Topics Covered:
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Flywheel Energy Storage System Market Variables, Trends & Scope
Chapter 4. Flywheel Energy Storage System Market Application Outlook
Chapter 5. Flywheel Energy Storage System Regional Outlook
Chapter 6. Competitive Landscape
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/dnoi7a
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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The Company provided shareholders with updates on its Endurion battery program and other notable 2022 milestones
ANN ARBOR, Mich.--(BUSINESS WIRE)--The Coretec Group (OTCQB: CRTG), developers of silicon anode active materials for lithium-ion batteries and cyclohexasilane (CHS) for EV, cleantech, and emerging tech applications, today released the transcript from its August 17, 2022 shareholder call. The full call transcript can be found on the Company’s Investor Relations Website.
On the call, CEO Matt Kappers, and other prominent Coretec leaders, detailed the latest updates to the Company’s Endurion battery program, which was the primary focus of the call. Endurion is the development of a silicon anode for lithium-ion batteries, which will increase energy density, extend cycle life and improve charging time. These improvements are highly sought after by EV companies as well as other applications, and are expected to be even more in demand following the recent passage of the Inflation Reduction Act of 2022.
The call also outlined a preliminary report from the French Alternative Energy and Atomic Commission (CEA) on the status of its research partnership to test its CHS technology’s potential to create silicon anodes and provided an update on the Company’s C-Space research project with partner The University of Adelaide.
The call concluded with Matt Kappers urging all who were interested in receiving the latest Coretec updates to sign up for Company notifications on the Investor Relations Website and to follow the Company’s social media channels.
About The Coretec Group
The Coretec Group, Inc. is developing a portfolio of engineered silicon to improve energy-focused verticals, including electric vehicle and consumer batteries, solid-state lighting (LEDs), and semiconductors, as well as 3D volumetric displays and printable electronics. The Coretec Group serves the global technology markets in energy, electronics, semiconductor, solar, health, environment, and security.
For more information, please visit thecoretecgroup.com.
Follow The Coretec Group on:
Twitter – @CoretecGroupInc
LinkedIn – www.linkedin.com/company/24789881
YouTube – www.youtube.com/channel/UC1IA9C6PoPd1G4M7B9QiZPQ/featured
Forward-Looking Statements
The statements in this press release that relate to The Coretec Group’s expectations with regard to the future impact on the Company’s results from operations are forward-looking statements and may involve risks and uncertainties, some of which are beyond our control. Such risks and uncertainties are described in greater detail in our filings with the U.S. Securities and Exchange Commission. Since the information in this press release may contain statements that involve risk and uncertainties and are subject to change at any time, the Company’s actual results may differ materially from expected results. We make no commitment to disclose any subsequent revisions to forward-looking statements. This release does not constitute an offer to sell or a solicitation of offers to buy any securities of any entity.
Corporate Contact:
The Coretec Group, Inc.
Lindsay McCarthy
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+1 (866) 916-0833
Media Contact:
Spencer Herrmann
FischTank PR
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DUBLIN--(BUSINESS WIRE)--The "Freight Management Systems - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
The global market for Freight Management Systems estimated at US$10.7 Billion in the year 2022, is projected to reach a revised size of US$14.3 Billion by 2026, growing at a CAGR of 6.2% over the analysis period.
Solutions, one of the segments analyzed in the report, is projected to record 5.8% CAGR and reach US$8.6 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Services segment is readjusted to a revised 6.7% CAGR for the next 7-year period. The global freight management system market is led by execution & control solutions owing to their extensive penetration and technological advancements.
The segment covers information interchange, transport management, visibility and audit and payment solutions that are used to facilitate information exchange and execution of processes related to freight transportation. The control & monitoring solution segment of the market is projected to exhibit the fastest growth due to increasing adoption of freight visibility, tracking, tracing, monitoring and security tools along with availability of cost-efficient solutions.
The U.S. Market is Estimated at $3.7 Billion in 2022, While China is Forecast to Reach $1.5 Billion by 2026
The Freight Management Systems market in the U.S. is estimated at US$3.7 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$1.5 Billion by the year 2026 trailing a CAGR of 8.7% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.7% and 6.3% respectively over the analysis period.
Within Europe, Germany is forecast to grow at approximately 5.6% CAGR. The market is expected to deliver a notable performance due to strong demand for these solutions and services as a result of increasing global trade, need to reduce time-in-transit and focus on supply chain visibility. Efficient freight movement is one of the most critical aspects of an economy. Over the last decade, factors such as rapid globalization, rising population and increasing demand for goods have encouraged shipping companies to opt for freight management solutions to ensure efficiency and security of their operations.
Select Competitors (Total 120 Featured):
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/tl4d58
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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WALTHAM, Mass.--(BUSINESS WIRE)--PerkinElmer Inc. (NYSE: PKI), a global leader committed to innovating for a healthier world, today announced that the Company will present at the 2022 Wells Fargo Healthcare Conference and the Baird's 2022 Global Healthcare Conference.
2022 Wells Fargo Healthcare Conference – Boston, MA
Wednesday, September 7, 2022
8:00 a.m. ET
Registration link
Baird's 2022 Global Healthcare Conference – New York, NY
Tuesday, September 13, 2022
10:50 a.m. ET
Registration link
Prahlad Singh, president and chief executive officer, will provide an overview of the Company and its strategic priorities at both conferences during 30-minute fireside chats.
Live audio webcasts will be available on the Investors section of the Company’s website at www.perkinelmer.com. A replay of each presentation will also be posted on the PerkinElmer website after each event and remain available for 90 days following.
About PerkinElmer
PerkinElmer, Inc. is a global leader focused on innovating for a healthier world. The Company reported revenue of approximately $5 billion in 2021, has more than 16,000 employees serving customers in 190 countries, and is a component of the S&P 500 Index. Additional information is available at www.perkinelmer.com.
Investor Relations:
Steve Willoughby
(781) 663-5677
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Media Relations:
Chet Murray
(781) 663-5719
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LOS ANGELES--(BUSINESS WIRE)--$CGRN #Biogas--Capstone Green Energy (Nasdaq: CGRN) ("Capstone," or the "Company"), a global leader in carbon reduction and on-site resilient green Energy as a Service (EaaS) solutions, today announced the closing of its previously announced underwritten public offering consisting of 2,934,498 shares of its common stock and accompanying warrants to purchase up to 2,934,498 shares of common stock at a combined public offering price of $2.75 per share and accompanying warrant. The warrants have an exercise price of $2.75 per warrant, are exercisable immediately, and will expire five years following the date of issuance.
Lake Street Capital Markets, LLC acted as the sole book-running manager for the offering, and Joseph Gunnar & Co., LLC acted as co-manager for the offering.
The gross proceeds to Capstone from the offering, before underwriting discounts and commissions and offering expenses, were approximately $8.0 million. Capstone intends to use the net proceeds from the offering for working capital, general corporate purposes, and growth initiatives, including to expand its Energy as a Service long-term rental fleet.
A shelf registration statement on Form S-3 (File No. 333-254547) relating to the securities being offered was filed with the U.S. Securities and Exchange Commission (the "SEC") on March 22, 2021, and became effective on April 14, 2021. The offering was made only by means of a prospectus supplement and accompanying prospectus that form a part of the shelf registration statement. A final prospectus supplement and accompanying prospectus relating to the offering was filed with the SEC and is available on the SEC's website, located at www.sec.gov. Alternatively, copies of the prospectus supplement and accompanying prospectus may be obtained from Lake Street Capital Markets, LLC, Attn: Syndicate Department, 920 Second Avenue South, Suite 700, Minneapolis, MN 55402, by calling (612) 326-1305, or by emailing This email address is being protected from spambots. You need JavaScript enabled to view it..
This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Capstone:
Capstone Green Energy (www.CapstoneGreenEnergy.com) (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.
Forward-Looking Statements:
This release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995, including statements regarding the Company's offering and other statements regarding the Company's expectations, beliefs, plans, intentions, and strategies. The Company has tried to identify these forward-looking statements by using words such as "expect," "anticipate," "believe," "could," "should," "estimate," "intend," "may," "will," "plan,” "goal" and similar terms and phrases, but such words, terms and phrases are not the exclusive means of identifying such statements. Actual results, performance and achievements could differ materially from those expressed in, or implied by, these forward-looking statements due to a variety of risks, uncertainties and other factors, including, without limitation, factors and other risks described in the Company's prior press releases and in its filings with the SEC, including under the heading "Risk Factors" in the Company's preliminary prospectus supplement and accompanying prospectus related to the offering and any other filings with the SEC. You are cautioned not to place undue reliance on these forward-looking statements. Except as expressly required by the federal securities laws, the Company undertakes no obligation to update or revise this press release (including any forward-looking statements contained herein), whether as a result of new information, changed circumstances or future events or for any other reason, except as required by law. Furthermore, the Company cannot guarantee future results, events, levels of activity, performance, projections or achievements.
Investor Relations:
Capstone Green Energy
Investor and investment media inquiries:
(818) 407-3628
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Capstone is Focused on Growing the EaaS Business Rental Fleet to 50 MW, Using a Portion of the Proceeds from the Recent $8.0 Million Underwritten Public Offering
LOS ANGELES--(BUSINESS WIRE)--$CGRN #Biogas--Capstone Green Energy Corporation (NASDAQ: CGRN), a global leader in carbon reduction and on-site resilient green energy solutions, continues to grow in the Energy-as-a-Service (EaaS) market with newly secured orders totaling approximately 2.2 MW from four U.S.-based oil and gas customers.
The new orders include:
“This 2.2 MW rental expansion into the oil and gas market further diversifies the rental fleet’s customer base, now covering all major market verticals: oil and gas, agriculture, hospitality, datacenters as well as commercial and industrial sites. The rental program eases access to Capstone’s premium product, allowing customers to enjoy the benefits of clean, low cost, reliable power where capital is limited or competing for other spends,” said Marc Rouse, Capstone Green Energy’s Sales Director.
“Capstone is seeing strong customer demand across industries for its EaaS long-term rental services, which had 7 MW under contract in March 2021, 26 MW under contract in March 2022, and 34 MW under contract at the end of July,” said Darren Jamison, President and Chief Executive Officer of Capstone Green Energy. “The successful closing of our $8 million underwritten public offering combined with sourcing additional re-rent units allows us to continue to focus on achieving our previously announced next target of a 50 MW rental fleet, including re-rentals.”
The 1.4 MW solution, which features a Capstone Green Energy C800 and C600 Signature Series microturbine will replace an existing rental reciprocating genset and produce clean and reliable electricity using natural gas directly from the pipeline. The power generated by the microturbines will provide 100 percent of the electricity needed to power on-site pumping equipment such as coolers, motors, pumps, and lights, in addition to an on-site office.
The facility operators wanted a modular, reliable, and cost-effective solution to replace their high-maintenance reciprocating genset. The microturbines, which have only one moving part and use no consumables or lubricants, are a low-maintenance solution, which is a key benefit given the site's remote location. Compared to the former gensets, the new microturbine solution will operate with N+1 redundancy and can be easily expanded.
The additional C65 rental contracts will be deployed across various oil and gas sites and be fueled by natural gas directly from the well sites. This allows customers to keep operational costs low by avoiding extra fuel-cleaning equipment and significantly reducing the negative impact on the environment.
"Facing growing pressure to address climate change, oil and gas companies are pledging to prepare for a ‘lower-carbon’ future. For many, that involves investing in new technologies and infrastructure that can support new, greener ways of generating electricity. These are the key areas in which Capstone Green Energy has built its business and where it continues to innovate," concluded Jamison.
About Capstone Green Energy
Capstone Green Energy (NASDAQ: CGRN) is a leading provider of customized microgrid solutions and on-site energy technology systems focused on helping customers around the globe meet their environmental, energy savings, and resiliency goals. Capstone Green Energy focuses on four key business lines. Through its Energy as a Service (EaaS) business, it offers rental solutions utilizing its microturbine energy systems and battery storage systems, comprehensive Factory Protection Plan (FPP) service contracts that guarantee life-cycle costs, as well as aftermarket parts. Energy Generation Technologies (EGT) are driven by the Company's industry-leading, highly efficient, low-emission, resilient microturbine energy systems offering scalable solutions in addition to a broad range of customer-tailored solutions, including hybrid energy systems and larger frame industrial turbines. The Energy Storage Solutions (ESS) business line designs and installs microgrid storage systems creating customized solutions using a combination of battery technologies and monitoring software. Through Hydrogen & Sustainable Products (H2S), Capstone Green Energy offers customers a variety of hydrogen products, including the Company's microturbine energy systems.
To date, Capstone has shipped over 10,000 units to 83 countries and estimates that in FY22, it saved customers over $213 million in annual energy costs and approximately 388,000 tons of carbon. Total savings over the last four years are estimated to be approximately $911 million in energy savings and approximately 1,503,100 tons of carbon savings.
For customers with limited capital or short-term needs, Capstone offers rental systems; for more information, contact: This email address is being protected from spambots. You need JavaScript enabled to view it..
For more information about the Company, please visit www.CapstoneGreenEnergy.com. Follow Capstone Green Energy on Twitter, LinkedIn, Instagram, Facebook, and YouTube.
Cautionary Note Regarding Forward-Looking Statements
This release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995, including statements regarding the Company’s target for growth of its rental fleet and other statements regarding the Company's expectations, beliefs, plans, intentions, and strategies. The Company has tried to identify these forward-looking statements by using words such as "expect," "anticipate," "believe," "could," "should," "estimate," "intend," "may," "will," "plan," "goal" and similar terms and phrases, but such words, terms and phrases are not the exclusive means of identifying such statements. Actual results, performance and achievements could differ materially from those expressed in, or implied by, these forward-looking statements due to a variety of risks, uncertainties and other factors, including, but not limited to, the following: the sufficiency of the Company’s working capital to meet its rental fleet growth target; the ongoing effects of the COVID-19 pandemic; the availability of credit and compliance with the agreements governing the Company's indebtedness; the Company's ability to develop new products and enhance existing products; product quality issues, including the adequacy of reserves therefor and warranty cost exposure; intense competition; financial performance of the oil and natural gas industry and other general business, industry and economic conditions; the Company's ability to adequately protect its intellectual property rights; and departures and other changes in management and other key employees. For a detailed discussion of factors that could affect the Company's future operating results, please see the Company's filings with the Securities and Exchange Commission, including the disclosures under "Risk Factors" in those filings. Except as expressly required by the federal securities laws, the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, changed circumstances or future events, or for any other reason.
Capstone Green Energy
Investor and investment media inquiries:
818-407-3628
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HOUSTON--(BUSINESS WIRE)--Aris Water Solutions, Inc. (NYSE: ARIS) (“Aris,” “Aris Water,” or the “Company”) announced today the publication of its inaugural 2021 Sustainability Report. This Report highlights the significant progress Aris has made in setting and striving to achieve its Environmental, Social and Governance (“ESG”) goals, as well as describing Aris’s policies, processes, and metrics pursuant to which the Company actively promotes and measures its sustainable approach to development in its areas of operation.
“We are extremely pleased to publish our inaugural Sustainability Report, which highlights our demonstrated track record and commitment toward improving water sustainability in the Permian Basin and delivering responsible water solutions to our customers while benefiting all stakeholders including the communities and environment in which we operate,” said Amanda Brock, President and CEO of Aris. “We’re proud to share the tremendous progress we have made as not only a leader in recycling, but also in developing a diverse and well-trained workforce and ensuring our company’s governance is reflective of our corporate vision recognizing that ESG is a core competency for continued growth.”
Highlights from the 2021 Sustainability Report include:
The report also includes tables providing supplementary data for Company energy usage, emissions, water intensity, safety, diversity, human capital management, board composition, spills, and releases.
| ________________________________ |
1 Percentages are calculated using the change from 2020 to 2021. Reporting year 2020 refers to the period from 1/1/2020 to 12/31/2020. Reporting year 2021 refers to the period from 1/1/2021 to 12/31/2021. |
Forward Looking Statements
This Report contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. These statements are based on certain assumptions and analyses made by the Company based on management’s experience, expectations and perception of historical trends, current conditions, current plans, anticipated future developments, expected financings, technology developments, regulatory frameworks and other factors believed to be appropriate. Forward-looking statements are not guarantees of performance. Although the Company believes the expectations reflected in its forward-looking statements are reasonable and are based on reasonable assumptions, no assurance can be given that these assumptions are accurate or that any of these expectations will be achieved (in full or at all) or will prove to have been correct. Moreover, such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company, which may cause actual results to differ materially from those implied or expressed by the forward-looking statements. These include the risk factors and other information discussed or referenced in the Company’s most recent Annual Report on Form 10-K and other filings with the SEC and in this Report. Any forward-looking statement speaks only as of the date on which such statement is made, and the Company undertakes no obligation to correct or update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by applicable law. Information on the Company’s website is not part of this press release.
About Aris Water Solutions, Inc.
Aris Water Solutions, Inc. (NYSE: ARIS) is a leading, growth-oriented environmental infrastructure and solutions company that directly helps its customers reduce their water and carbon footprints. Aris Water delivers full-cycle water handling and recycling solutions that increase the sustainability of energy company operations. Its integrated pipelines and related infrastructure create long-term value by delivering high-capacity, comprehensive produced water management, recycling and supply solutions to operators in the core areas of the Permian Basin. Additional information is available on our website, www.ariswater.com.
David Tuerff
Senior Vice President, Finance and Investor Relations
(281) 501-3070
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AMSTERDAM--(BUSINESS WIRE)--HMH Holdings B.V. today, August 24, 2022, announced the closing of the acquisition of Electrical Subsea & Drilling AS (“ESD”) a Bergen, Norway, based company. ESD holds a portfolio of patents and technology with applications in the oil and gas industry. Among the most promising technologies within the ESD portfolio are technologies related to electronic blowout preventers and rotating control devices for riserless drilling and managed pressure operations.
Merrill A. “Pete” Miller Jr., Chief Executive Officer and Chairman of HMH commented: “today I am pleased to announce HMH’s first acquisition. ESD is a great fit with HMH and propels us forward with the next level of technology in pressure control and drilling. ESD’s technologies are beneficial on the ESG front; weight and space reductions enabled by electric BOP technology contribute to a lower overall environmental impact of drilling, an important goal for HMH. We are excited about this transaction and welcome ESD into the HMH family.”
John Dale, Chief Executive Officer of ESD stated: “ESD has been a long-term believer and proponent of this technology. Joining with a well-known and established manufacturer like HMH is something we are extremely happy about. This will allow us to take the technology out to the market with a respected partner.”
HMH is an independent company formed in October of 2021, through the merger of Baker Hughes’ (NYSE: BKR) Subsea Drilling Systems business (SDS) and Akastor ASA’s (Oslo: AKAST) wholly owned subsidiary, MHWirth AS (MHWirth).
HMH combines integrated delivery capabilities, capital, renowned industry expertise and delivers the full range of offshore drilling equipment products and packages at scale. HMH aims to support the industry’s transition toward more energy-efficient solutions, as well as deploying technologies and service solutions to make the sector more competitive through increased drilling efficiency. Moreover, the Company’s service and technology portfolio will be utilized as a springboard for future growth, both within drilling services and when pursuing opportunities towards adjacent industries such as renewables and mining.
For further information, please visit homepage: https://hmhw.com/
HMH Holdings B.V.
Tom McGee – Chief Financial Officer
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THE WOODLANDS, Texas--(BUSINESS WIRE)--Excelerate Energy, Inc. (NYSE: EE) (the “Company”) today announced that Steven Kobos, President and Chief Executive Officer, will participate in a fireside chat at the Barclays CEO Energy-Power Conference at 3:35 p.m. Eastern Time on Wednesday, September 7, 2022.
A live audio webcast of the presentation and an archived recording will be available on the Investors page of the Company’s website at www.excelerateenergy.com. Management will also be available onsite for one-on-one and small group meetings with investors.
ABOUT EXCELERATE ENERGY:
Excelerate Energy, Inc. is a U.S.-based LNG company located in The Woodlands, Texas. Founded in 2003 by George B. Kaiser, Excelerate is changing the way the world accesses cleaner forms of energy by providing integrated services along the LNG value chain with an objective of delivering rapid-to-market and reliable LNG solutions to customers. Excelerate offers a full range of flexible regasification services from FSRU to infrastructure development to LNG supply. Excelerate has offices in Abu Dhabi, Antwerp, Boston, Buenos Aires, Chattogram, Dhaka, Doha, Dubai, Ho Chi Minh City, Manila, Rio de Janeiro, Singapore, and Washington, DC. For more information, please visit www.excelerateenergy.com.
Investors
Craig Hicks
Excelerate Energy
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Media
Stephen Pettibone / Frances Jeter
Sard Verbinnen & Co
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GREEN BAY, Wis.--(BUSINESS WIRE)--Schneider (NYSE: SNDR), a premier multimodal provider of transportation, intermodal and logistics services, today announced participation in the following investment conferences:
A webcast for these events may be located on Schneider’s Investor Relations website (https://investors.schneider.com/investors/default.aspx) and available for a limited time following the conference.
About Schneider
Schneider is a premier multimodal provider of transportation, intermodal and logistics services. Offering one of the broadest portfolios in the industry, Schneider’s solutions include Regional and Long-Haul Truckload, Expedited, Dedicated, Bulk, Intermodal, Brokerage, Warehousing, Supply Chain Management, Port Logistics and Logistics Consulting.
With nearly $5.6 billion in annual revenue, Schneider has been safely delivering superior customer experiences and investing in innovation for over 85 years. The company’s digital marketplace, Schneider FreightPower®, is revolutionizing the industry, giving shippers access to an expanded, highly flexible capacity network and provides carriers with unmatched access to quality drop-and-hook freight – Always Delivering, Always Ahead.
For more information about Schneider, visit Schneider.com or follow the company socially on Facebook, LinkedIn and Twitter: @WeAreSchneider.
Investor Relations Contact
Steve Bindas, Schneider
920-357-SNDR (7637)
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schneider.com/news
For additional or story assistance, please contact
Kara Leiterman, Media Relations Manager
M 920-370-7188
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VANCOUVER, British Columbia--(BUSINESS WIRE)--$EVGIF #EVERGEN--EverGen Infrastructure Corp. (“EverGen'' or the “Company”) (TSXV: EVGN) (OTCQB: EVGIF), today reported financial results as at and for the three- and six-month periods ended June 30, 2022 (“Q2 2022”). All amounts are in Canadian dollars unless otherwise stated and are in accordance with IFRS.
For further information on the results please see the Company’s Consolidated Financial Statements and Management’s Discussion and Analysis filed on SEDAR at www.sedar.com and on EverGen’s website at www.evergeninfra.com.
“We are excited to see the recent transformative tailwinds develop for the RNG sector with governments and utilities around the globe increasingly focused on supporting sustainable energy infrastructure. We have positioned EverGen as a leading RNG platform with a core operating portfolio and pipeline of projects in Canada set to deliver significant RNG volumes and accelerate the energy transition”, said Chase Edgelow, CEO of EverGen. “Having achieved key milestones in our core expansion projects, we have a clear path to deliver increased RNG production in excess of 2 million GJ per year and are primed for a catalyst-rich second half of 2022.”
Second Quarter Update & Highlights
Project Radius
During Q2 2022, EverGen acquired a 50% interest in Project Radius, which is a late development-stage portfolio of three high-quality, on-farm RNG projects, collectively capable of producing ~1.7 million GJ/year of RNG and will be constructed throughout 2023 and 2024.
Event Subsequent to the Second Quarter
GrowTEC
On July 14, 2022, EverGen completed the acquisition of a 67% interest in Alberta’s Grow the Energy Circle Ltd. (“GrowTEC”), which is currently in the first phase of a core RNG expansion project designed to produce ~80,000 GJ/year of RNG and is expected to be completed in Q4 2022. The facility will then move into the second phase of the project, which is expected to produce a total of 140,000 GJ/year of RNG.
Financing
On August 10, 2022, EverGen announced that is had signed a term sheet with its existing lender, Roynat Capital (a subsidiary of Scotiabank) and Export Development Canada (“EDC”) for a $31 million syndicated senior term loan (the “Facility”) to support the funding of its near-term Core RNG Expansion Projects at Fraser Valley Biogas (“FVB”) and Net Zero Waste Abbotsford (“NZWA”). The Facility ensures that EverGen’s near-term Core RNG Expansion Projects are fully funded.
Q2 2022 Financial Highlights
The operating results for Q2 2022 were impacted by unseasonal weather during the period and the timing of flood-related lost revenue and expenditures incurred relative to the recognition of insurance proceeds.
In August 2022, EverGen received confirmation from its insurers of the approval of an additional $1.5 million of partial insurance proceeds, of which a significant portion of this amount will be included in Net income (loss) and Adjusted EBITDA for Q3 2022.
The following table presents EverGen’s Consolidated Financial and Operating Summary:
|
Three Months Ended |
Six Months Ended |
||
|
Jun 30, |
Jun 30, |
Jun 30, |
Jun 30, |
In thousands of Canadian Dollars |
2022
|
2021
|
2022
|
2021
|
FINANCIAL |
|
|
|
|
Revenue (1) |
2,359 |
3,349 |
3,786 |
4,934 |
Net loss (2) |
(546) |
(175) |
(765) |
(1,333) |
Net loss per share ($), basic and diluted |
(0.04) |
(0.02) |
(0.06) |
(0.14) |
EBITDA (3) |
(154) |
454 |
327 |
(506) |
Adjusted EBITDA (3) |
426 |
1,863 |
1,057 |
2,066 |
|
|
|
|
|
Capital expenditures |
2,349 |
10,812 |
3,704 |
10,958 |
Total assets |
78,581 |
64,961 |
78,581 |
64,961 |
Total long-term liabilities |
14,453 |
15,460 |
14,453 |
15,460 |
Cash and cash equivalents |
17,379 |
3,647 |
17,379 |
3,647 |
Working capital surplus (3) |
16,524 |
2,310 |
16,524 |
2,310 |
|
|
|
|
|
OPERATING |
|
|
|
|
Incoming organic feedstock (tonnes) |
24,336 |
30,467 |
40,383 |
47,631 |
Organic compost and soil sales (yards) |
13,778 |
37,053 |
19,178 |
44,140 |
RNG (gigajoules) (1) |
20,254 |
18,845 |
26,026 |
18,845 |
(1) |
|
RNG volumes commenced on April 16, 2021, upon the acquisition of FVB. RNG volumes were impacted during the first quarter of 2022 as a direct result of flooding events in the Abbotsford and Sumas Prairie regions, which resulted in the shut down of the FVB facility on November 15, 2021, until operations were restored. Since March 2, 2022, FVB has been operating and producing daily volumes of up to 334 GJ/d, restoring production volumes to historical levels. |
(2) |
|
Operating expenses and cost of goods sold increased during Q2 2022, Q1 2022 and Q4 2021 at FVB and NZWA as a direct result of the flooding events. |
(3) |
|
Please refer to “Non-IFRS Measures”. |
EverGen will hold a results and corporate update conference call at 10:00 a.m. eastern time on Wednesday, August 24, 2022, hosted by Chief Executive Officer, Chase Edgelow.
Conference call details are as follows:
Date: |
|
Wednesday, August 24, 2022 |
Time: |
|
10:00 a.m. ET |
Zoom Link: |
|
Investor Relations
EverGen has entered into an investor relations service agreement (the "IR Agreement") with Apollo Shareholder Relations ("Apollo") to provide investor relations services to the company, expected to become effective August 29, 2022 for an initial term of three months. Apollo will be paid a monthly fee of up to $10,500 per month based on the fulfilment of key performance indicators. Other than personally-owned common shares of EverGen, neither Apollo nor any employees of Apollo have any direct or indirect interest in EverGen or its securities. EverGen and Apollo are unrelated and unaffiliated entities as at the date hereof. The IR Agreement is subject to the policies of the TSX Venture Exchange and applicable securities laws.
About EverGen Infrastructure Corp.
EverGen, Canada’s Renewable Natural Gas Infrastructure Platform, is combating climate change and helping communities contribute to a sustainable future. Headquartered on the West Coast of Canada, EverGen is an established independent renewable energy producer which acquires, develops, builds, owns and operates a portfolio of Renewable Natural Gas, waste to energy, and related infrastructure projects. EverGen is focused on Canada, with continued growth expected across other regions in North America and beyond.
For more information about EverGen Infrastructure Corp. and our projects, please visit www.evergeninfra.com.
Non-IFRS Measures
EverGen uses certain financial measures referred to in this press release to quantify its results that are not prescribed by IFRS. The terms EBITDA, adjusted EBITDA and working capital are not recognized measures under IFRS and may not be comparable to that reported by other companies. EverGen believes that, in addition to measures prepared in accordance with IFRS, the non-IFRS measurement provide useful information to evaluate the Company’s performance and ability to generate cash, profitability and meet financial commitments.
These non-IFRS measures are intended to provide additional information and should not be considered in isolation or as a substitute for other measures of performance prepared in accordance with IFRS.
EBITDA is defined as net income (loss) before interest, tax and depreciation and amortization. Adjusted EBITDA is EBITDA adjusted for share-based payment expenses (recoveries) and unusual or non-recurring items. Working capital is calculated as current assets less current liabilities.
Forward-Looking Information
This news release contains forward-looking statements and/or forward-looking information (collectively, “forward looking statements”) within the meaning of applicable securities laws. When used in this release, such words as “would”, “will”, “anticipates”, believes”, “explores” and similar expressions, as they relate to EverGen, or its management, are intended to identify such forward-looking statements. Such forward-looking statements reflect the current views of EverGen with respect to future events, and are subject to certain risks, uncertainties and assumptions. Many factors could cause EverGen's actual results, performance or achievements to be materially different from any expected future results, performance or achievement that may be expressed or implied by such forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do, what benefits EverGen will derive therefrom. These forward-looking statements are subject to numerous risks and uncertainties, including but not limited to: the impact of general economic conditions in Canada, including the ongoing COVID19 pandemic; industry conditions including changes in laws and regulations and/or adoption of new environmental laws and regulations and changes in how they are interpreted and enforced, in Canada; volatility of prices for energy commodities; change in demand for clean energy to be offered by EverGen; competition; lack of availability of qualified personnel; obtaining required approvals of regulatory authorities, in Canada; ability to access sufficient capital from internal and external sources; optimization and expansion of organic waste processing facilities and RNG feedstock; the realization of cost savings through synergies and efficiencies expected to be realized from the Company’s completed acquisitions; the sufficiency of EverGen’s liquidity to fund operations and to comply with covenants under its credit facility; continued growth through strategic acquisitions and consolidation opportunities; continued growth of the feedstock opportunity from municipal and commercial sources, and the factors discussed under “Risk Factors” in the Company’s Annual Information Form dated January 31, 2022, many of which are beyond the control of EverGen.
Forward-looking statements included in this news release should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such forward looking statements.
The forward-looking statements contained in this release are made as of the date of this release, and except as may be expressly required by law, EverGen disclaims any intent, obligation or undertaking to publicly release any updates or revisions to any forward-looking statements contained herein whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.
This news release shall not constitute an offer to sell or the solicitation of an offer to buy the securities in any jurisdiction.
EverGen Investor Contact
Kelly Castledine
416-576-8158
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EverGen Media Contact
Katie Reiach
604.614.5283
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Company earns spot among top 100 companies who are promoting a diverse workforce and opening doors for new leaders
ORANGE, Conn.--(BUSINESS WIRE)--AVANGRID, Inc. (NYSE: AGR), a leading sustainable energy company and part of the Iberdrola Group, today announced it has been named among the top 100 companies on JUST Capital’s 2022 Workforce Equity and Mobility Ranking. This new ranking, built with support from the Annie E. Casey Foundation, highlights companies that perform best on key disclosure and performance metrics that advance racial equity and opportunity for their workers and communities. AVANGRID ranked 78, demonstrating its commitment to investing in hiring, training, and promoting a diverse workforce and creating new pathways for the leaders of tomorrow. This honor follows the company’s recognition earlier this year by JUST Capital as one of the JUST 100 companies.
“We are committed to building and sustaining a diverse workforce and an inclusive culture with equitable opportunities for our employees to grow and develop,” said Pedro Azagra, CEO of AVANGRID. “Being recognized as a top company for workforce equity and mobility is an honor and demonstrates that our DE&I strategy and efforts are cementing AVANGRID as an employer of choice.”
For this thematic ranking, JUST Capital examined company performance on 15 key metrics from its Rankings of America’s Most JUST Companies – from prioritizing diversity, equity, and inclusion (DE&I) policies and offering career development to providing local employment pipelines, fair pay and quality worker benefits.
Contributing to AVANGRID’s high ranking is its numerous programs, policies and resources focused on DE&I, including:
Additionally, AVANGRID has active involvement with key public memberships like Paradigm for Parity, with the company pledging to achieve full gender parity by 2030; Disability:IN, a leading nonprofit resource for business disability inclusion; and CEO Action for Diversity & Inclusion, with the company pledging to support a more inclusive workplace for employees, communities and society at large. These public memberships demonstrate AVANGRID’s commitment to elevate the DE&I conversation with peers, while creating effective change for individuals with varying abilities and increasing gender parity in senior operating roles.
“Our vision is to make AVANGRID a place where talented and committed people want to build long-term careers,” said Kyra Patterson, Chief Human Resources Officer at AVANGRID. “Every day, our employees provide the energy and innovation that help make us a leading sustainable energy company. We want to ensure that we offer quality and diverse programs, benefits and resources to keep our team engaged and energized.”
Compared with their Russell 1000 peers, the top 100 companies in the Workforce Equity and Mobility Ranking:
About AVANGRID: AVANGRID, Inc. (NYSE: AGR) aspires to be the leading sustainable energy company in the United States. Headquartered in Orange, CT with approximately $40 billion in assets and operations in 24 U.S. states, AVANGRID has two primary lines of business: Avangrid Networks and Avangrid Renewables. Avangrid Networks owns and operates eight electric and natural gas utilities, serving more than 3.3 million customers in New York and New England. Avangrid Renewables owns and operates a portfolio of renewable energy generation facilities across the United States. AVANGRID employs more than 7,000 people and has been recognized by JUST Capital in 2021 and 2022 as one of the JUST 100 companies – a ranking of America’s best corporate citizens. In 2022, AVANGRID ranked second within the utility sector for its commitment to the environment and the communities it serves. The company supports the U.N.’s Sustainable Development Goals and was named among the World’s Most Ethical Companies in 2022 for the fourth consecutive year by the Ethisphere Institute. AVANGRID is a member of the group of companies controlled by Iberdrola, S.A. For more information, visit www.avangrid.com.
About Iberdrola: Iberdrola is one of the world's biggest energy companies and a leader in renewables, spearheading the energy transition to a low carbon economy. The group supplies energy to almost 100 million people in dozens of countries. With a focus on renewable energy, smart networks and smart solutions for customers, Iberdrola’s main markets include Europe (Spain, the United Kingdom, Portugal, France, Germany, Italy and Greece), the United States, Brazil, Mexico and Australia. The company is also present in growth markets such as Japan, Taiwan, Ireland, Sweden and Poland, among others.
With a workforce of nearly 40,000 and assets in excess of €141.7 billion, the company posted revenues of €39 billion and a net profit of over €3.9 billion in 2021. Across the world, Iberdrola helps to support 400,000 jobs across its supply chain, with annual procurement of €12.2 billion. A benchmark in the fight against climate change, Iberdrola has invested more than €130 billion over the past two decades to help build a sustainable energy model, based on sound environmental, social and governance (ESG) principles.
About JUST Capital: JUST Capital is an independent nonprofit dedicated to measuring and improving corporate stakeholder performance – from fair wages to workforce diversity to climate commitments – at America’s largest public companies. Our mission is to tackle the most pressing social challenges of our time by galvanizing the collective power of corporate America. We believe that business and markets can and must be a greater force for good, and that by shifting the resources of the $19 trillion private sector, we can address systemic issues at scale. Guided by the priorities of the public, our research, rankings, indexes, and data-driven tools help deliver on the promise of stakeholder capitalism and an economy that works for all Americans. JUST Capital publishes the annual list of America’s Most JUST Companies, the JUST 100, in partnership with CNBC. To learn more, visit: www.JUSTCapital.com.
About Our Methodology: Since 2015, JUST Capital has surveyed more than 150,000 Americans on what Issues they believe U.S. companies should prioritize most when it comes to just business behavior. Those Issues become the foundation by which we track, analyze, and incentivize corporate behavior change, including the Rankings of America’s Most JUST Companies. JUST evaluated 954 companies across 5 stakeholders, 20 Issues, and 241 raw data points to produce the 2022 Rankings, including the JUST 100 and Industry Leader lists. This Workforce Equity and Mobility Ranking utilizes 15 specific metrics from JUST's Rankings that best capture how companies perform on issues relating to racial equity, opportunity, and mobility, including: Board Diversity, Local School Support, Local Employment Pipeline, Worker Benefits Package, Work-Life Balance, Benefits and 401K Quality, Discrimination Controversies, EEOC Violations and Worker Grievance Fines, Diversity, Equity, and Inclusion Policies, Workforce Demographics, Career Development, CEO-to-Median Worker Pay, Wage Violations, Fair Pay Score, and Fair Pay Rating.
MEDIA:
Sarah Warren
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585-794-9253
Variation Across the 2021 Dual Credit Results for Individual OEMs
BOSTON--(BUSINESS WIRE)--China's Dual Credit policy has been in place for the past several years and has been a key driver for the rapid growth of the New Energy Vehicle (NEV) segment in China. The latest Strategy Analytics Powertrain, Body, Safety & Chassis (PBCS) and Electric Vehicles Service (EVS) report, China's Dual Credit Policy - Winners and Losers in 2021 analyzes the 2021 dual credit results at the national and OEM (Original Equipment Manufacturer) level, finding that only 54 OEMs reached dual credit compliance. On average, Chinese OEMs delivered a much more satisfactory result than their international competitors, such as VW, GM (General Motors), Nissan, Honda, and Toyota. OEMs like Tesla and BYD with a focus on BEVs (battery electric vehicles) posted the best results.
The Dual Credit policy considers Corporate Average Fuel Consumption (CAFC) and NEV (New Energy Vehicle) credits and requires all OEMs in China to achieve positive results for both. A failure to offset deficits after adopting all compliance approaches, including buying credits from the market, leads to China's Ministry of Industry and Information Technology (MIIT) denying approval for new model production. Strategy Analytics’ analysis of the MIIT dual credit results showed a national surplus of 10.3 million CAFC credits and 6 million NEV credits in 2021. 54 OEMs reached dual credit compliance and targets are becoming ever more stringent.
“Despite the stricter fuel consumption targets and weakened credit benefits to NEVs, the positive result of 2021 was mainly contributed by a surprisingly high NEV penetration of 15%,” noted Julia An, report author and industry analyst in the PBCS and EVS Service. “The further reduction of the NEV model score and the rise of target NEV quota, as proposed by the recently released draft policy for 2024 and 2025, shows the consistency of this regulation and is no surprise for the OEMs.”
“On average, Chinese OEMs delivered a much more satisfactory result than their international competitors, such as VW, GM, Nissan, Honda, and Toyota,” observed Asif Anwar, Director of PBCS and EVS Service. “The international players need to accelerate the implementation of their electrification strategies in China to meet stricter dual credit compliance requirements.”
Source: Strategy Analytics, Inc.
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Powertrain, Body, Safety & Chassis Service (PBCS)
Electric Vehicles Service (EVS)
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DUBLIN--(BUSINESS WIRE)--The "Global Digital Shipyard Market by Shipyard Type (Commercial, Military), Capacity (Large, Medium, Small), Process, Technology, End Use (Implementation, Upgrades & Services), Digitalization Level and Region - Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.
The Digital Shipyard Market is projected to grow from USD 1.3 billion in 2022 to USD 5.5 billion by 2030, at a CAGR of 19.1%
The digital shipyard vision involves the establishment of smart infrastructure designed to create a smart product and a delivery model that provides ongoing operational support and support services to customers.
Product lifecycle management (PLM), digital twins, and 3D modeling functionalities in shipbuilding enable 360 degrees of integration of the product (production and design processes), enabling the complete and continuous inspection of the product and parts from the design phase through to when the product is decommissioned.
Many players are currently investing in advancements in manufacturing processes to cater to the demand for high-quality systems. Increasing investments in R&D to develop lightweight components are also leading to technological advancements. A rise in demand for increased efficiency and improved resiliency are expected to fuel the market for Digital Shipyard, leading to new revenue opportunities for players in the market.
Commercial Shipyard segment to witness highest growth in the forecast period
By Shipyard Type, the commercial shipyard segment is expected to growth the highest in the forecast period. Commercial shipyards have started to vertically integrate, undertaking tasks needed to build ships from new materials. These shipyards accommodate large passenger ships, large cargo ships, cruises, ferries, workboats, etc.
The demand for commercial shipyards has increased in the global marketplace due to its driving factors such as the high volume of business that depends on simple forming & welding processes, comparatively lesser engineering support, and simpler acquisition process.
Large shipyards to witness large market share in 2022
Based on Capacity, the Large shipyard are witnessing largest market share in 2022. Large shipyards are comparatively specialized in high-value-added niche markets and corresponding production processes. With the help of various solutions, these shipyards optimize their business model by outsourcing or sharing certain tasks or complete business processes, which increases the market availability for various small and medium-sized shipyards, software & solution providers, and system integrators, etc.
Competitive landscape
Major players operating in the digital shipyard market include Siemens (Germany), Dassault Systemes (France), Accenture (Ireland), SAP (Germany), BAE Systems (UK), among others. These key players offer digital shipyard solutions and services to different key stakeholders.
Premium Insights
Market Dynamics
Drivers
Restraints
Opportunities
Challenges
Operational Data
Pricing Analysis
Value Chain
Digital Shipyard Market Ecosystem
Technology Trends in Digital Shipyard Market
Case Study Analysis
Trends/Disruptions Impacting Customer Business
Industry Trends
Technological Advancements in Shipyards
Emerging Trends in Shipbuilding
Use Cases
Innovation and Patent Analysis
Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/gr6e0g
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NEW YORK--(BUSINESS WIRE)--On August 19, 2022, Jinyang Lake Summit Yungang New Digital Infrastructure Development Forum was held in Datong, Shanxi, China. Meanwhile, the Datong Government formally appointed Mr. Alex Ju, founder of BCI Group, as the city's data industry development consultant.
During the meeting, Mr. Alex Ju delivered a keynote speech entitled "New Infrastructure Industry Datong" and presided over the summit dialogue forum on the "National Computing Hub Node City Development Plan for "East Digital and West Computing". Mr. Alex Ju adheres to the belief of open source universal benefits and aims to contribute to the green transformation of Datong City, and systematically elaborated the core direction of Datong City's future development to the critical officers of Datong City and the national industrial guidance department. “Datong should be China's first vertical ecological industry chain city in the digital new infrastructure industry, and North China's high-end equipment capital of the digital economy.”
The digital infrastructure industry in Datong has completed the 0 to 1 development process. However, it is still not enough for the city to achieve high-quality transformation from resource-based cities. It requires the joint efforts of government, industry, and other stakeholders to achieve a win-win situation. Mr. Alex Ju suggested accelerating the vertical integration of the digital infrastructure industry chain, focusing on cultivating a modern digital industry chain system, supporting leading enterprises to materialize and localize the operation upstream and downstream, and upgrading the data center industry from a subordinate resource output to an actual new momentum that can drive the upgrading of the territorial.
BCI Group founding team has always adhered to the long-term value, Provided sustainable development of the whole process and comprehensive solution super energy complex for different industrial entities in the region. The primary development, municipal supporting facilities, water recycling treatment plants, high-end equipment manufacturing projects and the hyperscale centralized renewable energy power generation bases of the hyperscale energy complex are being carried out rapidly. BCI Group adheres to the belief of open source universal benefits, promises to open up to industrial partners at zero premium, calls on all participants to jointly empower the long-term value of digital infrastructure localization, and contributes to the green transformation of Datong City.
BCI Group
Contact Person: Xinyan Liu
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