Initiative to Train Telecom Tower Climbers on Lightweight and Durable IsoTruss® Lattice Structures Fabricated with Carbon Fiber Coincides with National Composites Week
SPRINGVILLE, Utah--(BUSINESS WIRE)--#5G--IsoTruss, Inc., an engineering, design, and manufacturing services provider, today announced the donation of two patented IsoTruss® carbon fiber cell towers to the Learning Alliance Corp. (LAC) center located in Tampa, FL. The donation will support LAC’s workforce development initiative in training cell tower climbers and technicians for the wireless telecom infrastructure industry. LAC partners with businesses in the wireless industry, which place its student graduates into the workforce upon graduation in high-skill, high-wage telecommunications positions.
Nathan D. Rich, CEO, IsoTruss, Inc., said, “We are excited to donate two IsoTruss® carbon fiber cell towers to LAC, as we wholeheartedly support its workforce development initiative. LAC is forward thinking in training the telecom workforce of tomorrow, which is in alignment with our mission of building sustainable infrastructure of the future.”
Learning Alliance, which partners with businesses, colleges, and universities to bring U.S. Veterans and civilians stronger training initiatives that equate to solid career growth, offers multiple Wireless Tower Technician programs ranging from Fiber Optics to Cell Tower Technician. Its programs are approved by the Commission for Independent Education in the state of Florida. LAC partners with small, medium and large Tower companies throughout the United States to help bridge the gap between the trade skill shortage and the 20,000 job openings in the wireless industry.
Cesar Ruiz, CEO, Learning Alliance Corp., said, “At LAC we are training the workforce of tomorrow, today. We very much appreciate the support provided by IsoTruss through its cell tower donation and are excited to train our climbers on this innovative infrastructure solution. We want our LAC graduates to not only be safe climbers, but better trained, so they can become profit centers for their employers in a short period of time, and with a pathway forward for success in their careers.”
Learning Alliance provides Diversity initiatives to help expand job opportunities in Telecommunications to underserved and underrepresented communities. Through partnerships with businesses and non-profit associations, we promote diversity, equity and inclusion through the research and development of new training methodologies such as pre-apprenticeship and apprenticeships. Its training initiatives focus on allowing individuals to get trained, get certified, and obtain a career in a high skill, high wage occupations.
In addition to the patented grid designs that makes IsoTruss® cell towers lightweight, durable, non-corrosive, wind-resistant, and eco-friendly, its composite lattice structures are up to twelve times stronger than steel for a given weight, or as little as one-twelfth the weight for a given load, depending on the design, the site, and its specifications.
With a global portfolio of more than thirty patented and patent-pending structural and composite material designs that protect not only the configurations but also the manufacturing processes, IsoTruss, Inc., is committed to building the sustainable infrastructure of the future through innovative solutions in engineering, design, manufacturing and construction.
IsoTruss, Inc. is an active member of the Institute of Advanced Composites Manufacturing Innovation (IAMCI), a Manufacturing USA institute established by the U.S. Department of Energy. IACMI’s mission is to accelerate advanced composite design, manufacturing, technical innovation and workforce solutions to enable a cleaner and more sustainable, more secure, and more competitive U.S. economy.
For more information, please visit https://www.isotruss.com/faq or contact This email address is being protected from spambots. You need JavaScript enabled to view it..
IsoTruss, Inc. | 2414 West 700 South, #100 | Springville, Utah 84663
IsoTruss Inc., an engineering, design, and manufacturing services provider, produces patented IsoTruss® lattice cell towers for the telecommunications industry. IsoTruss® cell towers, fabricated with composite material, are lightweight, durable, cost-effective, corrosion-resistant, sustainable, and eco-friendly. Utilizing IsoTruss® Technologies, its family of patented, composite material grid structures, the enterprise offers R&D capabilities, applications, and solutions in telecommunications infrastructure, aerospace, civil infrastructure, energy, construction, leisure, and more.
About Learning Alliance
Learning Alliance Corporation partners with businesses, colleges, and universities to bring U.S. Veterans and civilians stronger training initiatives that equate to solid career growth. By partnering with employers nationwide, Learning Alliance Corporation has created workshops, labs and simulation programs that align the theoretical concepts with real-world application learning. This adaptable approach creates learning solutions based on the community-specific goals, industry, staff skill level, and corporate culture. Learning Alliance Corporation provides quality instructors who are highly trained and specialize in the areas they teach. Learn more at https://www.mylearningalliance.com
Media:
For IsoTruss, Inc.
Laura Hynes-Keller | LHK Communications, LLC | P: +1-212-758-8602 | E: This email address is being protected from spambots. You need JavaScript enabled to view it.
For My Learning Alliance:
Lymaris Pabellon at This email address is being protected from spambots. You need JavaScript enabled to view it.
AIS Blue Ribbon Commission Seeks Dialogue in Alaska
SOLDOTNA, Alaska--(BUSINESS WIRE)--The 9th Annual Kenai Classic Roundtable included a robust discussion on the damage caused by aquatic invasive species. The Aquatic Invasive Species (AIS) Blue Ribbon Commission shared concerns and sought input on solutions from an audience of key officials including U.S. Senators Lisa Murkowski (R-Alaska) and Dan Sullivan (R-Alaska), Governor Mike Dunleavy and Dr. Richard Spinrad, NOAA® Administrator.
“The annual Kenai Classic Roundtable is a platform for conversations about recreational angling policy,” said Martin Peters, Division Manager, External Affairs, Yamaha U.S. Marine Business Unit. “Aquatic Invasive Species are a growing and complex threat to fisheries and access. This year’s roundtable gave the Commission the opportunity to discuss the issues and propose solutions with decision makers. It’s our hope that this conversation and others like it will lead to comprehensive remedies for AIS.”
The Aquatic Invasive Commission, supported by Yamaha Rightwaters™, the Theodore Roosevelt Conservation Partnership (TRCP®) and members of the $689 billion recreational industry, convenes leading biologists, environmentalists, policy makers and resource managers to assess existing mitigation efforts and identify more effective eradication solutions. The Commission plans to present findings to Congress and the administration in 2023 with the goal of passing comprehensive legislation to better manage aquatic invasive species.
Commission members include: John Arway, Retired State Director (PA); Elizabeth Brown, NAISMA; Sloane Brown, Yeti; Jason Christie, Yamaha Pro Angler; Jake Dree, Yeti®; Marc Gaden, Great Lakes Fishery Commission; Gene Gilliland, B.A.S.S. ®; Alanna Keating, BoatUS®; Monica McGarrity, Texas Parks and Wildlife Department; Ben Mohr, former director Kenai River Sportfishing Association; Steve Moyer, Trout Unlimited™; Stephen Phillips, Pacific States Marine Fisheries Comm’n; Mathew Van Daele, Sun’aq Tribe of Kodiak; Nick Wiley, Ducks Unlimited®; Drue Winters, American Fisheries Society; Dennis Zabaglo, Tahoe Regional Planning, Ish Monroe, Yamaha Pro Angler; Mark Menendez, Yamaha Pro Angler.
The Commission plans to complete the white paper and recommendations by the end of 2022 and present the findings to Congress in 2023.
Yamaha Rightwaters is a national sustainability program that encompasses all of Yamaha Marine’s conservation and water quality efforts. Program initiatives include habitat restoration, support for scientific research, mitigation of invasive species, the reduction of marine debris and environmental stewardship education. Yamaha Rightwaters reinforces Yamaha’s long-standing history of natural resource conservation, support of sustainable recreational fishing and water resources and Angler Code of Ethics, which requires pro anglers to adhere to principles of stewardship for all marine resources.
Yamaha U.S. Marine Business Unit, based in Kennesaw, Ga., markets and sells marine outboard motors ranging in size from 2.5 to 425 horsepower. It also markets and sells fiberglass, jet-drive sport boats ranging from 19 to 27 feet, and personal watercraft. The unit includes manufacturing divisions of Yamaha Marine Systems Co., Inc., including Kracor of Milwaukee (rotational molding), Bennett Marine of Deerfield Beach, Fla. (trim tabs), and Yamaha Marine Precision Propellers of Indianapolis (stainless steel propellers). Yamaha Marine Group is a division of Yamaha Motor Corporation, U.S.A., based in Cypress, Calif.
This document contains many of Yamaha's valuable trademarks. It may also contain trademarks belonging to other companies. Any references to other companies or their products are for identification purposes only and are not intended to be an endorsement.
REMEMBER to always observe all applicable boating laws. Never drink and drive. Dress properly with a USCG-approved personal floatation device and protective gear.
© 2022 Yamaha Motor Corporation, U.S.A. All rights reserved.
Nicholas Genesi
Public Relations Manager
Yamaha U.S. Marine Business Unit
Mobile: (470) 898-7278
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Neal Wheaton
Wilder+Wheaton for
Yamaha U.S. Marine Business Unit
Mobile: (404) 317-0698
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Funding was led by DCVC along with other new investors including CPP Investments, Liberty Energy, Macquarie, Grantham Foundation for the Protection of the Environment, Impact Science Ventures, and Prelude Ventures
HOUSTON--(BUSINESS WIRE)--Fervo Energy, the leader in next-generation geothermal power, today announced that it had raised $138 million in new funding led by DCVC to build, own, and operate 24/7 carbon-free power plants.
Fervo has adapted innovations pioneered by the oil and gas industry, such as horizontal drilling and distributed fiber optic sensing, to make reservoirs of hot rock that exist beneath the earth’s surface into practical, economically viable, clean sources of energy. The new funding helps Fervo complete power plants in both Nevada and Utah and evaluate new projects in California, Idaho, Oregon, Colorado, New Mexico, and internationally.
“Power buyers are interested in geothermal power because they are actively looking for reliable energy sources that can address climate change and rising energy prices,” said Tim Latimer, CEO of Fervo. “Our mission is to meet that growing demand by putting gigawatts of 24/7 carbon-free energy on the grid. This latest investment enables us to execute on those ambitious plans.”
Last year, Fervo announced the world’s first corporate agreement to develop geothermal, a project to power Google’s data centers in Nevada. Recently, Fervo also signed a 40 MW power purchase agreement with East Bay Community Energy, a leading California clean energy provider.
According to the U.S. Department of Energy, geothermal holds the potential to power tens of millions of American homes and businesses. “Fervo is the right company at the right time,” said Matt Trevithick, Partner at DCVC. “The United States needs 200 GW of reliable clean power to achieve a zero-carbon electricity grid. Fervo is poised to make geothermal as important as solar and wind to our energy future.”
Other new investors included Canada Pension Plan Investment Board (CPP Investments), Liberty Energy, Macquarie, Grantham Foundation for the Protection of the Environment, Impact Science Ventures, and Prelude Ventures. The round also saw strong participation from existing investors such as Capricorn’s Technology Impact Fund, Breakthrough Energy Ventures, Congruent Ventures, 3X5 Partners, Helmerich & Payne, and Elemental Excelerator.
“Fervo represents a compelling opportunity to invest in a company that is working to unlock the potential of geothermal energy to provide clean, reliable energy at a sustainable price point,” said Bruce Hogg, Managing Director and Head of Sustainable Energies at CPP Investments, which committed $20 million to the financing round. “Fervo fits well into our strategy as we expand our portfolio of renewable assets in support of the global energy transition.”
In advancing geothermal energy, using the technologies of hydrocarbon exploration and extraction, Fervo is the model of energy transition, deploying the workforce of the oil and gas industry to clean energy projects. “Fervo has figured out how to adapt de-risked technology from the oil and gas industry to geothermal,” said Chris Wright, CEO of Liberty Energy.
About Fervo Energy
Fervo Energy provides 24/7 carbon-free energy through development of next-generation geothermal power. Fervo’s mission is to leverage innovation in geoscience to accelerate the world’s transition to sustainable energy. Geothermal has a major role to play in the future electric grid and Fervo’s key innovations bring a full suite of modern technology to make geothermal cost competitive. Fervo’s innovations include technologies such as advanced computational models, horizontal drilling, and distributed fiber optic sensing that have been developed with partners including Schlumberger, ARPA-E, and the Lawrence Berkeley National Lab. Fervo has an industry leading development pipeline with projects with multiple partners including Google and East Bay Community Energy. Fervo’s investors and financiers include leading venture capital firms Capricorn and Breakthrough Energy Ventures, industry leaders Helmerich and Payne and BHP, and research support through Activate, ARPA-E, and the Department of Energy Geothermal Technologies Office. For more information, please visit www.fervoenergy.com.
Sarah Jewett
Director of Strategy
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DUBLIN--(BUSINESS WIRE)--The "Global Oil and Gas Pipelines Market Outlook to 2025 - Capacity and Capital Expenditure Outlook with Details of All Operating and Planned Pipelines" report has been added to ResearchAndMarkets.com's offering.
Globally, the total length of trunk/transmission pipeline network is 2,193,250 km (with start years up to 2025), of which, crude oil pipelines constitute 396,244 km, petroleum products pipelines constitute 276,317 km, natural gas pipelines constitute 1,394,979 km and NGL pipelines constitute 125,809 km. Among the global trunk/ transmission pipeline systems, Transneft Oil System, Transneft Product System, Russian Gas System, and Mid America System are the longest active crude oil, petroleum products, natural gas and NGL pipelines with lengths of 51,052 km, 16,449 km, 175,200 km, and 12,848 km, respectively.
Scope
Reasons to Buy
Key Topics Covered:
1. Introduction
2. Global Oil and Gas Pipelines Industry
3. Africa Oil and Gas Pipelines Industry
4. Asia Oil and Gas Pipelines Industry
5. Caribbean Oil and Gas Pipelines Industry
6. Central America Oil and Gas Pipelines Industry
7. Europe Oil and Gas Pipelines Industry
8. Former Soviet Union Oil and Gas Pipelines Industry
9. Middle East Oil and Gas Pipelines Industry
10. North America Oil and Gas Pipelines Industry
11. Oceania Oil and Gas Pipelines Industry
12. South America Oil and Gas Pipelines Industry
13. Appendix
For more information about this report visit https://www.researchandmarkets.com/r/i98a7m
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
PARIS--(BUSINESS WIRE)--In accordance with the regulations relating to share buybacks, Technip Energies (Paris:TE) (ISIN:NL0014559478) declares the following purchases of its own shares during the week of August 15 to August 19, 2022.
These transactions were carried out as part of a buyback program with a discretionary mandate carried out by an investment services provider making decisions relating to the acquisition of Technip Energies shares independently.
Name of the
|
Identify Code of the
|
Day of the
|
Identity
|
Total
of
|
Daily
|
Market
|
Technip Energies |
724500FLODI49NSCIP70 |
2022-08-15 |
NL0014559478 |
20,000 |
12.291179 |
XPAR |
Technip Energies |
724500FLODI49NSCIP70 |
2022-08-16 |
NL0014559478 |
20,000 |
12.243374 |
XPAR |
Technip Energies |
724500FLODI49NSCIP70 |
2022-08-17 |
NL0014559478 |
20,000 |
12.124069 |
XPAR |
Technip Energies |
724500FLODI49NSCIP70 |
2022-08-18 |
NL0014559478 |
20,000 |
12.256903 |
XPAR |
Technip Energies |
724500FLODI49NSCIP70 |
2022-08-19 |
NL0014559478 |
20,000 |
12.099067 |
XPAR |
|
|
|
TOTAL |
100,000 |
12.202918 |
|
For detailed information on the transactions carried out and on the objectives of the shares purchases, please refer to the detailed declaration available on https://investors.technipenergies.com/financial-information/notice-trading-own-shares.
About Technip Energies
Technip Energies is a leading Engineering & Technology company for the energy transition, with leadership positions in Liquefied Natural Gas (LNG), hydrogen and ethylene as well as growing market positions in blue and green hydrogen, sustainable chemistry and CO2 management. The company benefits from its robust project delivery model supported by extensive technology, products and services offering.
Operating in 34 countries, our 15,000 people are fully committed to bringing our client’s innovative projects to life, breaking boundaries to accelerate the energy transition for a better tomorrow.
Technip Energies is listed on Euronext Paris with American depositary receipts (“ADRs”) traded over-the-counter in the United States.
For further information: https://www.technipenergies.com.
Phillip Lindsay
Vice-President, Investor Relations
Tel: +44 203 429 3929
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Media Relations
Stella Fumey
Director, Press Relations & Digital Communications
Tel: +33 1 85 67 40 95
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Jason Hyonne
Press Relations & Social Media Lead
Tel: +33 1 47 78 22 89
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OKLAHOMA CITY--(BUSINESS WIRE)--LSB Industries, Inc. (“LSB”), (NYSE: LXU), today announced that its President & CEO, Mark Behrman will participate in the Seaport Research Partners Annual Summer Investor Virtual Conference on Tuesday, August 23rd beginning at 9:30 am ET.
Mr. Behrman will be available for one-on-one meetings all day. The meetings are by appointment only. To schedule a meeting please contact your Seaport Research Partners institutional sales representative or Fred Buonocore at This email address is being protected from spambots. You need JavaScript enabled to view it..
LSB will provide access to the presentation that management will be referring to on the “Investors” page of its website, www.lsbindustries.com.
About LSB Industries, Inc.
LSB Industries, Inc., headquartered in Oklahoma City, Oklahoma, manufactures and sells chemical products for the agricultural, mining, and industrial markets. The Company owns and operates facilities in Cherokee, Alabama, El Dorado, Arkansas and Pryor, Oklahoma, and operates a facility for a global chemical company in Baytown, Texas. LSB’s products are sold through distributors and directly to end customers primarily throughout the United States. Committed to improving the world by setting goals that will reduce our environmental impact on the planet and improve the quality of life for all of its people, the Company is well positioned to play a key role in the reduction of global carbon emissions through its planned carbon capture and sequestration, and zero carbon ammonia strategies. Additional information about LSB can be found on its website at www.lsbindustries.com.
Investor Contacts:
Fred Buonocore, CFA, Vice President of Investor Relations
(405) 510-3550
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Media Contact:
David Kimmel, Director of Communications
(405) 815-4645
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DUBLIN--(BUSINESS WIRE)--The "Energy Storage Battery for Microgrids Market: Global Industry Analysis, Trends, Market Size, and Forecasts up to 2028" report has been added to ResearchAndMarkets.com's offering.
The report on the global energy storage battery for microgrids market provides qualitative and quantitative analysis for the period from 2022 to 2028.
The report predicts the global energy storage battery for microgrids market to grow with a CAGR of over 10% over the forecast period from 2022-2028. The study on energy storage battery for microgrids market covers the analysis of the leading geographies such as North America, Europe, Asia-Pacific, and RoW for the period of 2022 to 2028.
The report on energy storage battery for microgrids market is a comprehensive study and presentation of drivers, restraints, opportunities, demand factors, market size, forecasts, and trends in the global energy storage battery for microgrids market over the period of 2022 to 2028. Moreover, the report is a collective presentation of primary and secondary research findings.
Porter's five forces model in the report provides insights into the competitive rivalry, supplier and buyer positions in the market and opportunities for the new entrants in the global energy storage battery for microgrids market over the period of 2022 to 2028. Further, Growth Matrix gave in the report brings an insight into the investment areas that existing or new market players can consider.
Market Dynamics
1) Drivers
2) Restraints
3) Opportunities
What does this Report Deliver?
1. Comprehensive analysis of the global as well as regional markets of the energy storage battery for microgrids market.
2. Complete coverage of all the segments in the energy storage battery for microgrids market to analyze the trends, developments in the global market and forecast of market size up to 2028.
3. Comprehensive analysis of the companies operating in the global energy storage battery for microgrids market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and latest developments of the company.
4. Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.
Segments Covered
The global energy storage battery for microgrids market is segmented on the basis of type, and applications.
The Global Energy Storage Battery for Microgrids Market by Type
The Global Energy Storage Battery for Microgrids Market by Applications
Company Profiles
The companies covered in the report include
For more information about this report visit https://www.researchandmarkets.com/r/cdyz31
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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For E.S.T Office Hours Call 1-917-300-0470
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HOUSTON--(BUSINESS WIRE)--PNC Bank, National Association, as the trustee (the “Trustee”) of the San Juan Basin Royalty Trust (the “Trust”) (NYSE: SJT), today declared a monthly cash distribution to the holders (the “Unit Holders”) of its units of beneficial interest (the “Units”) of $8,550,291.87 or $0.183448 per Unit, based primarily upon the reported production of the Trust’s subject interests (the “Subject Interests”) during the month of June 2022. The distribution is payable September 15, 2022, to the Unit Holders of record as of August 31, 2022.
For the production month of June 2022, the owner of the Subject Interests, Hilcorp San Juan L.P. and the operator of the Subject Interests, Hilcorp Energy Company (collectively, “Hilcorp”), reported to the Trust net profits of $11,538,141 ($8,653,606 net royalty amount to the Trust).
Hilcorp reported $15,525,202 of total revenue from the Subject Interests for the production month of June 2022, consisting of $15,196,208 of gas revenues and $328,994 of oil revenues. For the Subject Interests, Hilcorp reported $3,987,061 of production costs for the production month of June 2022, consisting of $2,033,028 of lease operating expense, $1,865,490 of severance taxes and $88,543 of capital costs.
Based upon the information that Hilcorp provided to the Trust, gas volumes for the Subject Interests for June 2022 totaled 2,026,211 Mcf (2,251,345 MMBtu), as compared to 2,019,106 Mcf (2,243,451 MMBtu) for May 2022. Dividing gas revenues by production volume yielded an average gas price for June 2022 of $7.50 per Mcf ($6.75 per MMBtu), as compared to an average gas price for May 2022 of $6.09 per Mcf ($5.48 per MMBtu).
Production from the Subject Interests continues to be gathered, processed, and sold under market sensitive and customary agreements, as recommended for approval by the Trust’s Consultant. The Trustee continues to engage with Hilcorp regarding its ongoing accounting and reporting to the Trust, and the Trust’s third-party compliance auditors continue to audit payments made by Hilcorp to the Trust, inclusive of sales revenues, production costs, capital expenditures, adjustments, actualizations, and recoupments. The Trust’s auditing process has also included detailed analysis of Hilcorp’s pricing and rates charged. As previously disclosed in the Trust’s filings, these revenues and costs (along with all costs) are the subject of the Trust’s ongoing comprehensive audit process by our professional consultants and outside counsel to ensure full compliance with all the underlying operative Trust agreements and evaluating all available potential remedies in the event there is evidence of non-compliance.
Except for historical information contained in this news release, the statements in this news release are forward-looking statements that are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements generally are accompanied by words such as “estimates,” “anticipates,” “could,” “plan,” or other words that convey the uncertainty of future events or outcomes. Forward-looking statements and the business prospects of San Juan Basin Royalty Trust are subject to a number of risks and uncertainties that may cause actual results in future periods to differ materially from the forward-looking statements. These risks and uncertainties include, among other things, certain information provided to the Trust by Hilcorp, volatility of oil and gas prices, governmental regulation or action, litigation, and uncertainties about estimates of reserves. These and other risks are described in the Trust’s reports and other filings with the Securities and Exchange Commission.
San Juan Basin Royalty Trust
PNC Bank, National Association
PNC Asset Management Group
2200 Post Oak Blvd., Floor 18
Houston, TX 77056
website: www.sjbrt.com
e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
Ross Durr, J.D., RPL, Senior Vice President & Mineral Interest Director
Kaye Wilke, Investor Relations, toll-free: (866) 809-4553
NILES, Ill.--(BUSINESS WIRE)--Perma-Pipe International Holdings, Inc. (NASDAQ: PPIH) announced today that on July 26, 2022, it cancelled 239,168 shares of treasury stock representing all the treasury shares held by the Company on that date. On October 4, 2021, the Board of Directors authorized a $3.0 million, 12-month stock repurchase program. Currently, $965 thousand of the initial $3.0 million remains available for future purchases.
Perma-Pipe International Holdings, Inc.
David Mansfield, President and CEO
Perma-Pipe Investor Relations
(847) 929-1200
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Jordan Ferguson joins H2scan as European Director and Jeff Donato joins H2scan as Director of Safety, Power Storage Systems
VALENCIA, Calif.--(BUSINESS WIRE)--H2scan, a world leader in providing sensors for hydrogen economy applications with electric utilities, energy and industrial markets, today announced it has hired Jordan Ferguson to direct the company’s expansion in Europe, as the company broadens its focus into the growing hydrogen economy. Additionally, the company has hired Jeff Donato, a proven expert in power industry battery and storage system safety. Donato will lead the expansion of H2scan’s impact in the power industry for hydrogen safety and reliability.
In his role as European Director, Jordan Ferguson reports to H2scan CEO David Meyers, and supervises the company’s strategic business development in the hydrogen economy that is rapidly expanding across Europe.
A recent report from Norwegian low emissions energy leader Statkraft predicts that green hydrogen will provide up to 20% of power for Europe in 2050; growing from current demand of 30 terawatt hours (TWh) to 1000 TWh in that time.
In his role as Director of Safety, Power Storage Systems, Jeff Donato will take a global approach to expanding H2scan’s reach within the power industry; as battery storage becomes an important part of the growth of green distributed energy resources (DER) – wind and solar – as the industry worldwide moves to decarbonize the energy supply.
H2scan sees significant opportunities for its new Gen-5 hydrogen sensor technology and has recently closed a $70 million investment to help fund the company’s expansion as it pursues hydrogen economy opportunities.
“As the hydrogen economy unfolds, we see great opportunities opening up for our sensing technology and two of the largest are in Europe and in the battery safety market,” said David Meyers. “I look forward to working with both Jordan and Jeff to positively impact the future of hydrogen safety and reliability globally.”
Driving Expansion in Europe
Ferguson has recently served in commercial director roles at UK business consulting firms Imperium Experts and Bio Technical Limited, driving business growth and helping to introduce new products, services and business processes. His work with Bio Technical was focused on carbon capture technologies, biowaste recycling, and biogas.
In addition to Imperium and Bio Technical, Ferguson has worked in management for other firms including Hutcheon Mearns, Valor Energy Groups, TDC Parsons Peebles and Sulzer. This work has included involvement in the energy and industrial parts sectors. His training and education are in engineering and energy management.
“I look forward to helping H2scan expand in the European market,” said Ferguson. “The 10 plus year maintenance-free nature and proven technology of the Gen 5 sensors meets our industrial users’ needs for quality and cost effective operations.”
Bringing Maintenance Free Sensing to Battery Safety
Donato brings executive-level and director-level experience from his time at EnviroGuard. At the company, he worked to help provide safety solutions in the battery spill containment and environmental health and safety training sectors. He also serves as a committee chair with the IEEE Power & Energy Society. He received his degree in marketing from Franklin University.
“H2scan’s unique technology puts it at a significant advantage in the safe hydrogen sphere,” said Donato. “I’m eager to pursue new applications for these sensors and monitors.”
About H2scan Corporation
H2scan, founded in 2002 and based in Valencia, California, provides highly accurate and reliable hydrogen leak detection and process gas monitoring solutions for hydrogen economy markets. H2scan enables monitoring and control functions for a wide range of applications, including transformers, electrolyzers, fuel cells, natural gas blending and energy metering. H2scan supplies top companies in the utility, manufacturing, and energy sectors with the means to meet key safety, regulatory and process control requirements.
For more information, please visit http://www.h2scan.com.
David Rodewald
The David James Agency LLC
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805-494-9508
Announces Key Personnel Addition to Growing Team
HOUSTON--(BUSINESS WIRE)--Riverbend Energy Group (“Riverbend”), on behalf of certain of its affiliates and numerous institutional investors, announced today that it has completed the sale of its equity interests in Riverbend Oil & Gas VI, LLC, Riverbend Oil & Gas VI-B, LLC and Riverbend Oil & Gas VIII, LLC. Total purchase price for the transaction was $1.8 billion based on a May 1, 2022, effective date.
The divested portfolios represent a substantial, diversified asset base of non-operated interests across the Bakken/Three Forks, Utica, Fayetteville and Haynesville. As of the effective date, these properties produced approximately 47,000 barrels of oil equivalent per day from over 11,000 wells.
The close of this transaction marks the successful monetization for Riverbend of three of Riverbend’s five active traditional energy portfolios. The company continues to manage and grow funds VII and IX, which target operated Midland Basin properties (Riverbend VII) and mineral and royalty interests across leading shale plays (Riverbend IX). Additionally, the company is pursuing non-operated working interest acquisitions in the Midland, Delaware, and Williston oil basins and Barnett, Fayetteville, Haynesville and Marcellus/Utica natural gas basins (Riverbend XI and/or successors). These hydrocarbon asset focused prospects are complimented by the growing energy transition opportunities that Riverbend is actively evaluating (Riverbend X).
“Our team has delivered a great result for a group of esteemed institutional investors once again through the execution of our proven acquisition and asset management process, leveraging our proprietary systems and in-house developed technology to aggregate high value assets,” said Randy Newcomer, Jr., Riverbend’s CEO. “We have now successfully monetized seven separate funds since our founding in 2003, establishing a consistent and enviable track record of value creation that reflects the excellence of our various disciplines as well as the grit and determination of our team to unearth opportunities in a highly volatile and dynamic business environment. We will continue to provide similar investment opportunities to institutional investors in the traditional energy business, alongside our rapidly expanding energy transition segment.”
Recent Key Personnel Addition
Riverbend Energy Group also announced the addition of Ritu Sachdeva to augment the energy transition business.
Ritu Sachdeva joined the Riverbend team in June of 2022 as a Managing Director in the Energy Transition practice. She has over 18 years of leadership experience in Energy and Transition investing and operations. Prior to joining Riverbend, she served as the Chief Strategy Officer of Innowatts, a leading AI-enabled decarbonization SaaS platform, managing company strategy, fundraising, growth opportunities and partnerships. Prior to Innowatts, Ritu served in multiple senior management positions for Fortune 500 and FTSE 100 energy companies for 13 years. Ms. Sachdeva holds a BA in Economics and an MBA from University of Delhi and a Masters in Energy Finance from University of Texas at Austin.
About Riverbend Energy Group
Riverbend Energy Group, based in Houston, Texas, is a multi-faceted investment firm, utilizing risk-weighted deal evaluation processes to deploy capital into a variety of investment theses in the U.S. energy sector. As a trusted name in the energy investment space, Riverbend’s portfolios have included, and continue to include, operated, non-operated, and mineral and royalty assets in traditional energy, as well as investments in the energy transition sector. Since 2003, Riverbend has successfully acquired, developed, and managed over $5 billion of total enterprise value across ten asset portfolios. For more information, visit riverbendenergygroup.com.
Thomas Galloway, Riverbend Energy Group
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LITTLE RIVER, S.C.--(BUSINESS WIRE)--$PCTL #EOR--PCT LTD (OTC Pink: PCTL) August 19, 2022. PCT LTD., operating through its wholly owned operating subsidiary Paradigm Convergence Technologies, Inc (PCT) today announced that it is in the process of segregating their Healthcare and Oil & Gas technologies into separate wholly owned subsidiaries to capitalize on marketing opportunities.
The PCT Healthcare division is being rebranded with assets transferred into 21st Century Healthcare, Inc. while the PCT Oil & Gas division will be rebranded with assets transferred into 21st Century Energy, Inc.
21st Century Healthcare, Inc. intends to build and market equipment and fluids specifically to the healthcare industry.
21st Century Energy, Inc. intends to market oil and gas technologies and services to the Oil & Gas industry.
Both new entities anticipate marketing directly to their customer base and form strategic partnerships with companies that are heavily engaged in both Healthcare and Oil & Gas, respectively.
PCT believes that this will open additional investment and strategic alliance opportunities. PCT has found there is much more opportunity to attract the necessary investment and alliances to assure the funds will be used in the areas of investment interest while each company focuses on their specific market.
PCTL will continue to update our stockholders on events as they occur.
About PCT LTD:
PCT LTD ("PCTL") focuses its business on acquiring, developing, and providing sustainable, eco-friendly disinfecting, cleaning, and tracking technologies. The company acquires and holds rights to innovative products and technologies, which are commercialized through its wholly owned operating subsidiary, Paradigm Convergence Technologies Corporation.
Forward-Looking Statements:
This press release contains "forward-looking statements" as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21B of the Securities Exchange Act of 1934, as amended. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact and may be "forward-looking statements."
Such statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties, which could cause actual results or events to differ materially from those presently anticipated. Such statements involve risks and uncertainties, including but not limited to: PCTL's ability to raise sufficient funds to satisfy its working capital requirements; the ability of PCTL to execute its business plan; benefits arising from the transfer of assets into the two subsidiaries; the ability of the subsidiaries to attract investment and strategic alliance opportunities; and any other effects resulting from the information disclosed above; risks and effects of legal and administrative proceedings and government regulation; future financial and operational results; competition; general economic conditions; and the ability to manage and continue growth. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual outcomes may vary materially from those indicated. Important factors that could cause actual results to differ materially from the forward-looking statements PCTL makes in this press release include market conditions and those set forth in reports or documents it files from time to time with the SEC. PCTL undertakes no obligation to revise or update such statements to reflect current events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
Investor Relations Contact
Tim Rieu
410-825-3930
or
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www.pctl.com
Twitter: https://twitter.com/PCTL_
HOUSTON--(BUSINESS WIRE)--Mesa Royalty Trust (the “Trust”) (NYSE: MTR) announced today the Trust income distribution for the month of August 2022. Unitholders of record on August 31, 2022 will receive distributions amounting to $0.293212491 per unit, payable on October 31, 2022. The Trust received $256,369, which came from the New Mexico portion of the Trust’s San Juan Basin properties operated by Hilcorp San Juan LP, an affiliate of Hilcorp Energy Company and $331,788, which came from the Hugoton Royalty properties operated by Scout Energy Group V, LP. No income was received in August 2022 from the Colorado portion of the Trust’s San Juan Basin properties operated by SIMCOE LLC, an affiliate of IKAV Energy Inc. or from the Colorado portion of the Trust’s San Juan Basin properties operated by Red Willow Production Company. This month, after the Trust’s withholding for cash reserves and the payment of administrative expenses, income from the distributable net profits was $546,428.
The Trust was formed to own an overriding royalty interest of the net proceeds attributable to certain producing oil and gas properties located in the Hugoton field of Kansas and the San Juan Basin fields of New Mexico and Colorado. As described in the Trust's public filings, the amount of the monthly distributions is expected to fluctuate from month to month, depending on the proceeds, if any, received by the Trust as a result of production, oil and natural gas prices and the amount of the Trust’s administrative expenses, among other factors. In addition, as further described in the Trust’s most recent filing on Form 10-Q, distributions to unitholders are expected to be materially reduced during 2022, as the Trust intends to increase cash reserves to a total of $2.0 million to provide added liquidity.
Proceeds reported by the working interest owners for any month are not generally representative of net proceeds that will be received by the Trust in future periods. As further described in the Trust’s Form 10-K and Form 10-Q filings, production and development costs for the royalty interest have resulted in substantial accumulated excess production costs, which will decrease Trust distributions, and in some periods may result in no Trust distributions. The amount of proceeds, if any, received or expected to be received by the Trust (and its ability to pay distributions to unitholders) has been and will continue to be directly affected, among other things, by volatility in the industry and revenues and expenses reported to the Trust by working interest owners. Any additional expenses and adjustments, among other things, will reduce proceeds to the Trust, which will reduce the amount of cash available for distribution to unitholders and in certain periods could result in no distributions to unitholders.
This press release contains forward-looking statements. No assurances can be given that the expectations contained in this press release will prove to be correct. The working interest owners alone control historical operating data, and handle receipt and payment of funds relating to the royalty properties and payments to the Trust for the related royalty. The Trustee cannot assure that errors or adjustments or expenses accrued by the working interest owners, whether historical or future, will not affect future royalty income and distributions by the Trust. Other important factors that could cause these statements to differ materially include delays in actual results of drilling operations, risks inherent in drilling and production of oil and gas properties, declines in commodity pricing, prices received by working interest owners and other risks described in the Trust’s Form 10-K for the year ended December 31, 2021. Statements made in this press release are qualified by the cautionary statements made in such risk factors. The Trust does not intend, and assumes no obligations, to update any of the statements included in this press release. Each unitholder should consult its own tax advisor with respect to its particular circumstances.
Mesa Royalty Trust
The Bank of New York Mellon Trust Company, N.A., as Trustee
Elaina Rodgers
713-483-6020
DUBLIN--(BUSINESS WIRE)--The "Saudi Arabia Solar Inverter Market Outlook: Market Forecast By System Types, By Types, By Power Ratings, By Applications, By Regions And Competitive Landscape" report has been added to ResearchAndMarkets.com's offering.
Saudi Arabia Solar Inverter Market size is projected to grow at a CAGR of 10.9% during 2022-2028.
Saudi Arabia Solar Inverter market report comprehensively covers the Saudi Arabia Solar Inverter market by system types, types, power ratings, applications, and regions.
Saudi Arabia Solar Inverter market report provides an unbiased and detailed analysis of the solar inverter market on-going trends, opportunities/high growth areas, market drivers which would help the stakeholders to device and align their market strategies according to the current and future market dynamics.
Saudi Arabia Solar Inverter Market Synopsis
Saudi Arabia Solar Inverter market witnessed decent growth before 2020 on account of various solar projects announced by the government. However, the market declined in 2020 due to the global pandemic which resulted in supply chain disruptions, thereby affecting the sales of solar inverter negatively.
The spread of the COVID-19 pandemic has resulted in slowdown of the overall economy leading to the temporary halt in many ongoing solar projects across the region and there was no solar project announced by the government in 2020, thereby impacting the solar inverter market in Saudi Arabia.
However, the introduction of renewable energy in Kingdom of Saudi Arabia enables it to be on track to diversify its economy by decreasing its dependence on oil and the market has regained momentum in 2021 and is expected to grow significantly in the coming years.
Based on system types, the On-Grid system type has garnered the major market revenue share in Saudi Arabia's solar inverter market owing to the rise in demand of these inverters as they are connected to the power grid due to which there is no requirement for batteries and the consumers could export the excess solar units to the power grid and the owner gets compensated for supplying the excess power.
Market by Application Analysis
By applications, the power utility application segment is expected to demonstrate significant growth over the coming years owing to the government initiative and resolution to increase the share of solar energy in the power utility segment. There are many upcoming solar projects which has been announced by the government such as Al Faisaliyah Solar PV, Sudair IC Solar PV which would drive the growth for solar inverters in the upcoming years in Power Utility segment.
Market by System Type Analysis
By system type, on-grid systems accounted for a major share in the overall solar inverter market revenues in Saudi Arabia during 2021 and are expected to lead the market over the coming years as well owing to the rise in demand for these inverters as they do not need batteries, easy maintenance and are connected to the utility power grid which helps the consumers to export the excess solar units to the power grid.
Key Attractiveness of the Report
Company Profiles
Market Scope and Segmentation
By System Types
By Types
By Power Ratings
By Applications
By Regions
For more information about this report visit https://www.researchandmarkets.com/r/x8p2j2
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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TAIPEI,Taiwan--(BUSINESS WIRE)--E.SUN Bank today convened a conference on “E.SUN ESG and Sustainability Initiative.” President Ms. Ing-Wen Tsai (蔡英文) personally attended the event, during which founder of E.SUN Mr. Yung-Jen Huang (黃永仁), Chairman Mr. Joseph Huang (黃男州), and over 100 outstanding enterprise advocated for ESG sustainability.
E.SUN ESG and Sustainability Initiative was jointly launched by E.SUN and 101 companies, including leaders and hidden champions of various industries, accounting for 23% Taiwan GDP in 2021 with total revenue 5.08 trillion NT dollars. The participating companies pledged to carbon emission reduction with least 1.57 tons by 2025. Among the participating companies, 46 of them committed to net zero by 2050.
President Tsai stated that with more companies’ participation in the ESG and sustainability initiative, she has stronger confidence in Taiwan’s future. President Tsai said that in response to international trend, the government has focused on energy transition. The government will assist corporations in transitioning to low carbon operation, and expect leading companies to render assistance to their suppliers. Through the joint effort of government and corporations, Taiwan can transform the challenge into an opportunity that benefits all industries.
Eugene Chien (簡又新), Chairman of Taiwan Institute for Sustainable Energy and James C. F. Huang (黃志芳), Chairman of Taiwan External Trade Development Council were invited to the conference, sharing international ESG trends and giving solutions to difficulties encountered by enterprises in ESG practices.
E.SUN Bank Chairman Mr. Joseph Huang stressed that combining their cross-industry experience and collective wisdom will let the world see the development of Taiwan. E.SUN has insisted on ESG since it was founded in 1992, and set challenging goals of net zero emissions by 2050, and became the 1st financial institution in Taiwan and 2nd financial institution in Asia to pass the carbon reduction goals under SBTi. E.SUN also declared the goal for 100% operating sites to use green electricity by 2040.
E.SUN's vision is to become a first-class corporate citizen, which it considers an important development strategy. E.SUN hopes that like-minded partners will work together, so that more enterprises in the value chain will achieve balanced development of the economy, environment, and society, and take strides towards a more resilient and sustainable future!
Public Relations, E.SUN FHC
Virginia Lin
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(+8862)2175-1335
SAN JOSE, Calif.--(BUSINESS WIRE)--Bloom Energy Corporation (NYSE: BE) today announced the closing of an underwritten public offering of 14,950,000 shares of Class A common stock at a public offering price of $26.00 per share, before underwriting discounts and commissions. The shares of Class A common stock issued and sold in the offering include 1,950,000 shares issued upon the exercise in full by the underwriters of their option to purchase additional shares of Class A common stock at the public offering price, less underwriting discounts and commissions. The gross proceeds from the offering, before deducting underwriting discounts and commissions and other offering expenses payable by Bloom Energy, were $388.7 million. All shares in the offering were offered by Bloom Energy.
J.P. Morgan, Morgan Stanley and BofA Securities acted as joint book-running managers for the offering. Baird, Cowen, Credit Suisse, KeyBanc Capital Markets, Oppenheimer & Co., Wells Fargo Securities, Raymond James and Tuohy Brothers acted as co-managers for the offering.
A shelf registration statement relating to these securities was filed with the U.S. Securities and Exchange Commission (SEC) on October 25, 2021, and automatically became effective upon filing. This offering was made solely by means of a prospectus. A copy of the final prospectus supplement and the accompanying prospectus relating to this offering may be obtained for free by visiting EDGAR on the SEC’s website at www.sec.gov. Alternatively, a copy of the final prospectus supplement and the accompanying prospectus relating to this offering may be obtained by contacting: J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by telephone at +1 (866) 803-9204 or by email at This email address is being protected from spambots. You need JavaScript enabled to view it.; Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014; or BofA Securities, Attn: Prospectus Department, NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte, NC 28255-0001 or by email at 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 a solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.
About Bloom Energy
Bloom Energy’s mission is to make clean, reliable energy affordable for everyone in the world. Bloom Energy’s solid oxide platform for distributed generation of electricity and hydrogen delivers highly reliable and resilient, always-on electric power that is clean, fuel flexible, cost-effective and ideal for microgrid applications. Bloom Energy’s solid oxide platform can also be used to produce zero carbon hydrogen. Bloom’s customers include many Fortune 100 companies and leaders in manufacturing, data centers, healthcare, retail, higher education, utilities and other industries.
Bloom Energy Investor Relations:
Ed Vallejo
+1 (267) 370-9717
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Bloom Energy Media Contact:
Jennifer Duffourg
+1 (480) 341-5464
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DUBLIN--(BUSINESS WIRE)--The "Asia-Pacific Base Oil Market 2022-2028" report has been added to ResearchAndMarkets.com's offering.
MARKET OUTLOOK
As per this report, the Asia-Pacific base oil market is expected to grow with a revenue CAGR of 3.85% and a volume CAGR of 4.38% during the forecasted period of 2022-2028. The region's market is studied across countries like India, China, Japan, ASEAN countries, South Korea, Australia & New Zealand and Rest of Asia-Pacific.
In the Asia-Pacific, the growth in the production and sales of automobiles in China, Japan, and India led to an increase in the adoption and deployment of motor oil, engine oil, greases, and other automotive lubricants acquired from base oil. The market is expected to grow with the increase in the launch of advanced and innovative base oil products by the dominant players like GS Caltex Corporation, PT Pertamina, and S-Oil Corporation in the region. Such factors in the Asia-Pacific region can fuel the market growth during the forecast period.
Rapid industrialization, increasing export of refined petroleum, and economic growth are some factors that increase China's demand for crude oil. These factors are expected to raise the deployment of various base oil products. As per International Energy Agency, the demand for oil in China is expected to grow from 1.8 million barrels per day in 2022 to 2.2 million barrels per day in 2023. Further, an expansion in base oil production is expected to impact the market's growth. For instance, in 2022, the Sinopec Maoming Petrochemical Company, located in the Guangdong province, announced that it would begin producing poly alpha olefin with 12,000 tons per year.
Market Dynamics
Market Drivers
Market Challenges
Market Opportunities
Key Topics Covered:
1. Asia-Pacific Base Oil Market - Summary
2. Industry Outlook
3. Asia-Pacific Base Oil Market Outlook - by Group (In Terms of Value: $ Million & Volume: Kiloton)
4. Asia-Pacific Base Oil Market Outlook - by Application (In Terms of Value: $ Million & Volume: Kiloton)
4.1. Automotive Oil
4.2. Industrial Oil
4.3. Greases
4.4. Hydraulic Oil
4.5. Metalworking Fluids
4.6. Other Applications
5. Asia-Pacific Base Oil Market - Country Outlook (In Terms of Value: $ Million & Volume: Kiloton)
5.1. China
5.2. Japan
5.3. India
5.4. South Korea
5.5. Asean Countries
5.6. Australia & New Zealand
5.7. Rest of Asia-Pacific
6. Competitive Landscape
7. Research Methodology & Scope
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/ksjqqb
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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MADISON, Wis.--(BUSINESS WIRE)--The board of directors of MGE Energy, Inc. (Nasdaq: MGEE), today increased the regular quarterly dividend rate approximately 5% to $0.4075 per share on the outstanding shares of the company's common stock. The dividend is payable Sept. 15, 2022, to shareholders of record Sept. 1, 2022. This raises the annualized dividend rate by 8 cents from $1.55 per share to $1.63 per share.
"Today's dividend increase marks the company's 47th consecutive year of increasing its dividend, an accomplishment that everyone at MGE Energy can be proud of. We recognize the importance of dividend growth to the overall shareholder value proposition," Chairman, President and CEO Jeff Keebler said. "We continue to move forward in our clean energy transition to achieve our goals of net-zero carbon emissions by 2050 and carbon reductions of at least 80% by 2030. Today's action by our board demonstrates the continued strength and resilience of MGE Energy's long-term business strategy in building your community energy company for the future."
MGE Energy has increased its dividend annually for the past 47 years and has paid cash dividends for more than 110 years.
About MGE Energy
MGE Energy is a public utility holding company. Its principal subsidiary, Madison Gas and Electric (MGE), generates and distributes electricity to 159,000 customers in Dane County, Wis., and purchases and distributes natural gas to 169,000 customers in seven south-central and western Wisconsin counties. MGE's roots in the Madison area date back more than 150 years.
Steve Schultz
Corporate Communications Manager
608-252-7219 | This email address is being protected from spambots. You need JavaScript enabled to view it.
Ken Frassetto
Investor Relations
608-252-4723 | This email address is being protected from spambots. You need JavaScript enabled to view it.
LOS ANGELES--(BUSINESS WIRE)--$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 pricing of an 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 share, are exercisable immediately, and will expire five years following the date of issuance. The offering is expected to close on August 23, 2022, subject to customary closing conditions.
Lake Street Capital Markets, LLC is acting as the sole book-running manager for the offering and Joseph Gunnar & Co., LLC is acting as co-manager for the offering.
The gross proceeds to Capstone from the offering, before underwriting discounts and commissions and offering expenses, are expected to be 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 is being 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 will be filed with the SEC and will be available on the SEC's website, located at www.sec.gov. Alternatively, copies of the prospectus supplement and accompanying prospectus may be obtained, when available, 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.. Before you invest, you should read the final prospectus supplement and accompanying prospectus, together with the information incorporated therein, for more complete information about Capstone and the offering.
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, failure to satisfy the conditions to closing of the offering or other 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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HOUSTON & NEVADA, Iowa--(BUSINESS WIRE)--Red Rock Biofuels LLC, a next-generation producer of low-carbon biofuels, and Frontline BioEnergy, a leading provider of waste and biomass gasification solutions, announce that they have successfully tested their innovative technology that gasifies Red Rock’s residual woody biomass feedstock into high quality syngas for production of sustainable aviation fuel (SAF) and renewable diesel.
The test runs, which the companies completed at Frontline’s headquarters in Nevada, Iowa, used Frontline’s patented TarFreeGas® and PMFreeGas® technologies. The tests demonstrated TarFreeGas® gasifier production of high-quality syngas with excellent tar conversion, as well as PMFreeGas® removal of char and ash from the syngas. The resulting syngas was shown to be suitable for further processing into SAF and renewable diesel. Additional independent analysis of the test results will also be conducted to further verify the results.
“We’re very pleased with the outcome of the steady state test runs,” said Chip Cummins, interim Chief Executive Officer of Red Rock Biofuels and Executive Director at RPA Advisors. “These results validate the significant engineering work that has been done and clearly prove that Red Rock’s sourced residual woody biomass can be used as feedstock on a commercial scale to deliver renewable jet and diesel fuels in support of the aviation industry reaching net-zero emissions.”
“The Red Rock Biofuels’ feedstock worked well in Frontline’s advanced gasification and gas clean-up technology. These tests mark a significant milestone toward the commercial deployment of biomass-to-drop-in fuels projects,” said Jerod Smeenk, CEO of Frontline BioEnergy.
The woody biomass feedstock for the tests was locally sourced in Oregon from the same providers that have agreed to support Red Rock’s feedstock supply once the plant is operational.
Red Rock Biofuels was founded to tackle the growing need for low-carbon, renewable jet and diesel fuels and the growing problem of catastrophic wildfires. By utilizing forest residue that is burned in the winter creating CO2, the facility will enable forest management that improves forest health and resilience. The facility will also be one of the first SAF plants in North America to produce drop-in fuels from woody biomass and is designed to produce approximately 20 million gallons per year of low-carbon intensity renewable biofuels.
About Frontline BioEnergy
Frontline BioEnergy, LLC was founded in 2005 to provide advanced gasification technology for conversion of biomass and waste into energy and products. Frontline is also a developer of negative carbon advanced fuels projects.
About Red Rock Biofuels
Red Rock Biofuels was founded in 2011 to tackle the escalating problem of catastrophic wildfire in the Western U.S. and the rapidly growing need for renewable, low-carbon jet and diesel fuels. Red Rock is building one of the world’s first commercial-scale cellulosic biorefineries in Lakeview, Oregon to convert woody biomass residue into SAF and cellulosic renewable diesel fuels.
For Red Rock media inquiries, please contact This email address is being protected from spambots. You need JavaScript enabled to view it..
For Frontline BioEnergy media inquiries, please contact This email address is being protected from spambots. You need JavaScript enabled to view it..
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