With Site Plans Approved, County is Poised to House California’s Only Fully Permitted Inland Port

MOJAVE, Calif.--(BUSINESS WIRE)--Today, the Kern County Board of Supervisors took the decisive action of issuing a proclamation to support the approved site plans for the Mojave Inland Port. The first-of-its-kind facility will significantly reduce supply chain pressure at the Ports of Los Angeles and Long Beach and provide an annual economic benefit of half a billion dollars, locally and statewide. The Mojave Inland Port will be situated 90 miles from the San Pedro Bay, allowing goods to arrive by rail from nearby ports more efficiently and to be redirected to their final destinations more quickly.

"The Mojave Inland Port is a fully permitted industrial site that will provide a solution for California goods movement at the ports,” said Lorelei Oviatt, Kern County Director of Planning. “From providing the green energy California needs to the new world of CCS and Carbon Management industries, as well as providing the most environmentally protective oil and gas permitting, Kern County is the place for the solutions California needs for economic growth.”

This project could not come at a better time, with annual container volume expected to increase from 20 million containers today to 34 million by 2030—even if Gulf and Atlantic ports upgrade. The Mojave Inland Port will be a critical relief valve, absorbing a significant portion of this increased traffic and processing it in a more efficient, environmentally friendly, and less disruptive way. This project has the added upside of enabling Kern County to stake out a position as a key shipping center capable of attracting large retail and distribution businesses to invest in the area surrounding the Mojave Inland Port, paving the way for sustained economic growth.

“The Port of Long Beach has seen record container traffic in recent years, which shows no sign of slowing down,” said Mario Cordero, Executive Director of the Port of Long Beach. “Being surrounded by the dense urban areas of Long Beach and South Los Angeles, there is limited real estate available. The Mojave Inland Port is the type of innovative solution that will alleviate congestion and allow dockworkers to do their jobs more efficiently, getting goods to businesses and consumers faster. It will also ensure the Port of Long Beach can adapt to growing demand and continue to be an engine of economic growth.”

“We want to thank the State, Kern County, the federal government, and all of our supporters and stakeholders for helping to make the dream of an inland port in Mojave a reality,” said Richard Kellogg, Chair of Pioneer Partners. “This one-of-a-kind project will help unsnarl the congestion in the twin ports of Los Angeles and Long Beach; it will help the national economy by reducing pressure on the supply chain; it will help the local economy through job creation. Goods will get to businesses and consumers faster and more efficiently. We can’t wait to get started.”

Today’s proclamation adds further momentum to the inland port project. With site plans which are now zoned and approved, Pioneer Partners will work with Kern County officials to secure building permits as part of the next phase of the development process.

It is estimated that the Mojave Inland Port will have the capacity to handle approximately 3 million containers per year. Containers will be offloaded from ships onto shuttle trains for direct transport through the underutilized Alameda Corridor directly to Mojave, where they will be distributed. This will also result in an economic benefit of more than $100 million along the Alameda Corridor.

“Inland ports are a critical component to the future balance of our supply chain. They can provide flexibility and efficiency, all while relieving traffic congestion at critical choke points,” said Trelynd Bradley, Deputy Director of Sustainable Freight and Supply Chain Development at the California Governor’s Office of Business & Economic Development. “We appreciate the work that Pioneer’s Mojave Inland Port proposal has done to help find new solutions to address our supply chain challenges. We look forward to working with them and others to ensure that people across the state and the nation have access to the goods they need.”

The new method of moving containers, used by other large ports such as Rotterdam, London, and Singapore, also has a significantly lower environmental impact than the current system, which involves multiple moves of each container by truck, many of which are forced to idle for hours while waiting to receive and offload containers. By shifting more of this traffic onto rail lines and reducing the amount of time trucks must wait at the port, California can process an increasing number of containers while producing less air pollution, a perennial concern in the Los Angeles basin.

Located on more than 400 acres immediately adjacent to the Mojave Air & Space Port, a fully operational airport open 24 hours a day, seven days a week with a 12,500-foot heavy lift runway, capable of accommodating the largest commercial cargo aircraft, the inland port will have ample space to process these containers. The site is served directly by rail and by two major highways, State Highways 14 and 58. It is the largest site in California operated by all three modes of transport— road, rail, and air —and is among the largest in the United States. Furthermore, once completed the Mojave Inland Port will also be one of the rare hubs in the entire world that can offer transportation options of rail, rubber-tire, air, and space.

The Mojave Inland Port will break ground in 2023 and will be fully operational in 2024. For more information visit www.mojaveinlandport.com

Denise Lopez, Mozaic Media & Communications
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Volta attracts larger digital media budgets with expanded measurement, programmatic buying, and data-driven targeting capabilities for advertisers

SAN FRANCISCO--(BUSINESS WIRE)--Volta Inc. (NYSE: VLTA) (“Volta”), an industry-leading electric vehicle ("EV") charging and media company, announced today that the Volta Media™ Network has exceeded one billion monthly impressions in the United States.¹ This milestone comes less than nine months after Volta formally launched its media network with 618 million monthly impressions. Volta’s ability to nearly double its reach represents the company’s commitment to expanding its dual EV charging and media network for the benefit of drivers, advertisers, commercial properties, shareholders, and ultimately the planet as it supports mainstream adoption of clean, carbon-free transportation.

Volta Media Network’s increased reach is the result of additional media-enabled EV charging stations installed at locations visited by millions of Americans daily, such as Cinemark Theatres, Giant Food, Kohl’s, Stop & Shop, and Tanger Outlets. Volta locates its EV charging stations steps from the front entrances of popular commercial properties to improve convenience for drivers and maximize the number of shoppers influenced by Volta’s digital media screens. As a result of these strategic placements, the Volta Media Network reaches highly valuable consumers moments before they purchase a product or service, allowing Volta campaigns to create awareness and drive measurable sales in support of advertisers’ increasing focus on retail media campaigns. Advertisers can also target specific segments of Volta’s audience, which over-indexes on high household incomes, propensity to purchase, and desire for premium goods and services compared to the general American population.²

Volta’s media network is the world’s largest digital out-of-home (DOOH) network integrated directly into EV charging stations that support the transition to electric mobility. Every campaign featured across Volta’s network of more than 4,600 large-format digital screens directly supports charging sessions providing electric miles to drivers. To date, Volta has provided more than 124 million electric miles and avoided over 30,000 tons of CO2 emissions that would have otherwise been created by gas-powered vehicles.³

“Volta’s ability to speak to our audience while they are in the shopping mindset with unique, high-impact messages is highly valuable to our business,” said Michelle Leo, VP Marketing at Citizen Watch Group. “Working with Volta also aligns with our brand's sustainability commitments as we're directly supporting the transition to carbon-free electric transportation.”

Volta further distinguishes itself by offering advertisers a suite of measurement capabilities enabled by collaborations with industry-leading measurement companies. These relationships allow Volta to report on the same full-funnel impact marketers have come to expect from the most notable digital advertising platforms. This includes performance metrics like sales lift and incremental return on ad spend (ROAS)—a new frontier for the DOOH industry. Volta’s ability to meaningfully drive bottom-of-the-funnel results was best demonstrated through two recent campaigns. Working with a leading shopper intelligence platform, Catalina, Volta revealed its ability to deliver an 8 percent sales lift for Dole’s products and increase category share for the brand by 8.5 percent. In a separate campaign for Coca-Cola, Volta, and digital media and promotions technology company Quotient, measured $2.51 million in attributable sales and a ROAS 56 percent higher than average.⁴

“Catalina continues to be an essential and trusted partner for a variety of our business needs, and we are impressed by what they and Volta deliver together. The concise and point-blank delivery of data to spotlight sales conversions and buyer response further simplified the out of home metrics and underscored the value Volta Media provides,” said Kellee Miller, Director of Shopper Marketing at Dole Food Company, Inc.

Volta’s measurement capabilities are fortified by additional attribution capabilities that include footfall, web, mobile, and sales through collaborations with industry-leading organizations like Accretive Media, Foursquare, Reveal Mobile, Quorum, PlaceIQ, and more. Volta’s impact on brand awareness and consideration metrics is measured by third-party research studies with esteemed firms like the F’inn Group.

Volta has also invested in supporting flexible buying options for advertisers—100 percent of Volta’s media inventory is available programmatically. Brands and their agencies can target Volta’s contextually relevant media screens through every major demand-side platform (DSP), making the process of integrating Volta inventory into any campaign easy and seamless. Volta offers both reserved and unreserved access in support of both open and private programmatic auctions, empowering media buyers with the flexibility to access Volta’s inventory in the way that best fits their needs.

“The Volta Media Network creates tremendous value for our advertising partners and commercial properties, both in terms of business and sustainability impact,” said Brandt Hastings, Chief Commercial Officer at Volta. “Our unique media model powers our business, and we continue to scale and push the boundaries of innovation for the benefit of our advertisers, real estate partners, drivers, and the environment.”

About Volta

Volta Inc. (NYSE: VLTA) is an industry-leading electric vehicle ("EV") charging and media company. Volta's unique network of charging stations powers vehicles and drives business growth while accelerating a clean energy future. Volta delivers value to site partners, brands, and consumers by installing charging stations that feature large-format digital advertising screens located steps away from the entrances of popular commercial locations. Retailers can attract and influence foot traffic, advertisers can precisely target audiences, and EV drivers can charge their vehicles seamlessly as they go about their daily routines. Volta's extensive network leverages its proprietary PredictEV® platform, which uses sophisticated behavioral science and machine learning technology to help commercial property owners, cities, and electric utilities plan EV infrastructure intelligently, efficiently, and equitably. To learn more, visit www.voltacharging.com.

Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of federal securities laws, including statements regarding our media network. These forward-looking statements generally are identified by words such as “anticipate,” “believe,” “estimate,” “expect,” “future,” “intend,” “may,” “opportunity,” “plan,” “potential,” “project,” “should,” “strategy,” “will,” “would,” and similar expressions. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to the factors, risks and uncertainties included in our Annual Report on Form 10-K for the fiscal year ended December 31, 2021 and our Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2022, as such factors may be updated from time to time in our other filings with the Securities and Exchange Commission (the "SEC"), accessible on the SEC’s website at www.sec.gov and the Investor Relations section of our website at www.voltacharging.com. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and, except as required by law, we assume no obligation and do not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.

1. Geopath Insights, July 2022
2. Experian ConsumerView - 2022
3. Data collected to determine environmental benefits from Volta's charging stations is calculated in accordance with US EPA’s methodology using the published greenhouse gas equivalencies calculator, and the US Department of Energy's published miles per kWh rating per electric vehicle (EV) model. Environmental calculations are good faith estimates made using assumptions that are based on current industry and other government and societal data available to Volta, which may be updated from time to time.
4. Average ROAS is of all ADUSA food and beverage DOOH campaigns

Media Contact:
Lucas Piazza
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Domestic manufacturing and high-value job creation in clean energy featured at fast-growing facility

WILSONVILLE, Ore.--(BUSINESS WIRE)--$GWH #batteries--ESS Inc. (NYSE: GWH), a leading manufacturer of long-duration iron flow batteries for commercial and utility-scale energy storage applications, today hosted Secretary Jennifer M. Granholm of the U.S. Department of Energy (DOE), U.S. Senators Ron Wyden (D-OR) and Jeff Merkley (D-OR) and Oregon Governor Kate Brown for a tour of its Wilsonville, Oregon facility and headquarters. Employing 235 people and growing, ESS manufactures grid-scale iron flow batteries which provide long-duration energy storage and enable the transition to a decarbonized energy system.

The delegation toured the rapidly expanding manufacturing operations of ESS’s innovative iron flow battery systems and met with ESS employees. ESS technology was developed in the United States and is safe and non-toxic, utilizes earth-abundant and domestically sourced iron, salt and water for the electrolyte, and provides a more sustainable, safer and lower-cost alternative to zinc, vanadium or lithium-ion energy storage technologies.

“You guys are amazing. This is what keeps me up at night: How do we get long duration energy storage?” said Secretary Granholm. “We need to get the word out – on my next trip, I want to visit one of your sites where it's actually being deployed.”

“Oregon is proud to be a leader in clean energy, and companies like ESS are creating jobs and building the economy of the future right here,” said Senator Wyden. “I’m proud to have written the green energy provisions of the Inflation Reduction Act that will position America as a global clean technology leader. There’s more work to be done, but this week’s Senate vote takes a huge step forward to build an energy economy that works for everyone.”

“I am proud that the investments in the Inflation Reduction Act will help transition America to clean energy and build high quality jobs,” said Senator Merkley. “Innovative, long-duration energy storage technologies like ESS's iron flow batteries, built here in Oregon, can play a critical role in addressing the climate crisis and decarbonizing our grid. The Inflation Reduction Act is the first step in building a resilient, low-carbon energy system that delivers real opportunity for Oregonians and Americans.”

“In Oregon, we are seeing the impacts of the climate crisis firsthand. Commercial-scale battery storage is a key part of moving Oregon towards a clean energy future,” said Governor Brown. “The iron flow batteries being built by ESS Inc., are at the cutting edge of long-duration, sustainable battery technology, and they are being manufactured by workers right here in Oregon.”

“We are honored to welcome Secretary Granholm, Senators Wyden and Merkley and Governor Brown to our Wilsonville facility,” said Eric Dresselhuys, CEO of ESS. “We thank them for their continued leadership and vital contributions to building a resilient, decarbonized energy future for the United States. With their support, ESS is working to accelerate deployment of domestically produced, sustainable long-duration storage to decarbonize America’s grid, protecting the climate while creating jobs and opportunities.”

ESS systems are made in America by U.S. workers, with over 80% of the raw materials sourced through a secure, domestic supply chain. By providing up to 12 hours of storage capacity, ESS iron flow technology provides critical services needed as more wind and solar are integrated onto the electric grid. In addition to grid ancillary services such as frequency response and voltage regulation, long-duration energy storage delivers solar peak shifting and energy demand smoothing, allowing the grid to be powered by renewable energy 24/7.

About ESS Inc.
At ESS (NYSE: GWH), our mission is to accelerate global decarbonization by providing safe, sustainable, long-duration energy storage that powers people, communities and businesses with clean, renewable energy anytime and anywhere it’s needed. As more renewable energy is added to the grid, long-duration energy storage is essential to providing the reliability and resiliency we need when the sun is not shining and the wind is not blowing.

Our technology uses earth-abundant iron, salt and water to deliver environmentally safe solutions capable of providing up to 12 hours of flexible energy capacity for commercial and utility-scale energy storage applications. Established in 2011, ESS Inc. enables project developers, independent power producers, utilities and other large energy users to deploy reliable, sustainable long-duration energy storage solutions. For more information visit www.essinc.com.

Investors:
Erik Bylin
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Media:
Morgan Pitts
Director of Corporate Communications
503.568.0755
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SAN RAMON, Calif.--(BUSINESS WIRE)--Chevron Lubricants introduced its Delo TorqForce Syn FD-1 high performance, fully synthetic lubricant designed for use in final drives and axles of large mining haul trucks and other support equipment. Delo TorqForce Syn FD-1 was designed to increase performance over conventional SAE 60 TO-4 and FD-1 products and formulated to deliver maximum system protection, including:

• Expanded Temperature Range for year-round, all-weather performance
  • Excellent cold weather pumpability in sub-zero/arctic operations
  • Excellent extreme high temperature and severe service performance
• Maximizes Equipment Life in Severe Service
  • Advanced additive system minimizes wear in heavily loaded gears and bearings
  • Keeps metal parts free of varnish and sludge
  • Improved protection against wear, rust and corrosion
• Holds up Longer for Extended Service Intervals
  • Outstanding oxidation resistance at high temperatures for longer oil life
  • Excellent filterability under the ISOCLEAN® Certified Lubricants program
  • Stability during storage periods

“We’re excited to introduce Delo TorqForce Syn FD-1 designed to maximize productivity and reliability of large mining haul trucks and support equipment,” Jason Gerig, Chevron Lubricants Commercial Sector Manager shared. “Chevron strives to provide lubricants with proven performance through rigorous testing for the mining industry. Results for Delo TorqForce Syn FD-1 showed excellent gear wear protection and very strong oxidation control with minimal varnish to extend service intervals from the standard 4,000 hours to 6,000 hours and well beyond.”

About Chevron Products Company

Chevron Products Company is a division of an indirect, wholly owned subsidiary of Chevron Corporation (NYSE: CVX) headquartered in San Ramon, CA. A full line of lubrication and coolant products are marketed through this organization. Select brands include Havoline®, Delo® and Havoline Xpress Lube®. Chevron Intellectual Property LLC owns patented technology in advanced lubricants products, new generation base oil technology and coolants.

Zayna Usman, BCW on behalf of Chevron Lubricants
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• Network throughput reached 10.1 Gigawatt-hours (“GWh”) in the second quarter of 2022, an increase of 66% year-over-year
• Revenue grew to $9.1 million in the second quarter of 2022, representing an increase of 90% year-over-year
• Ended the second quarter of 2022 with 2,397 stalls in operation or under construction, and operationalized 170 new stalls during the quarter
• Added approximately 67,000 new customer accounts, increasing overall to approximately 444,000 at the end of the second quarter of 2022
• Announced first major EVgo eXtend project, a collaboration with GM and the Pilot Company that is expected to lead to approximately 2,000 new stalls at up to 500 locations across the U.S. over the next few years. EVgo will install, operate and maintain the network for GM and Pilot Company
• Entered into New Charger Supply Agreement with Delta Electronics for 1,000 chargers (or 2,000 stalls) as part of effort to meet EVgo eXtend and other charger supply needs
• Detailed rollout of Autocharge+, ongoing growth at PlugShare, charging deal for the Cadillac LYRIQ, and award with the U.S. General Services Administration’s (“GSA”) Blanket Purchase Agreement (“BPA”)

LOS ANGELES--(BUSINESS WIRE)--EVgo Inc. (Nasdaq: EVGO) (“EVgo” or the “Company”) today announced results for the second quarter of 2022. The Company continues to execute on its growth plans on the back of continued electric vehicle (“EV”) adoption and market development.

Revenue increased to $9.1 million in the second quarter of 2022, compared to $4.8 million in the second quarter of 2021, representing 90% year-over-year growth. Growth in revenue for the quarter was primarily driven by higher retail charging revenues, as well as growth in network original equipment manufacturers (“OEM”) and regulatory credit revenue. The Company added approximately 67,000 new customer accounts, bringing the overall number of customer accounts to approximately 444,000, an increase of 60% year-over-year.

Network throughput increased to 10.1 GWh in the second quarter of 2022, compared to 6.1 GWh in the second quarter of 2021, representing 66% year-over-year growth.

“Our results for the second quarter, together with the milestone EVgo eXtend partnership recently announced, reinforce EVgo’s leadership position in ultra-fast EV charging,” said Cathy Zoi, EVgo’s CEO. “We delivered 10 GWh of network throughput and accelerated customer account additions, demonstrating the growth potential of our business as consumers continue to adopt EVs. EVgo is entering the rollout period of the National Electric Vehicle Infrastructure (“NEVI”) program with strong momentum and substantial progress. As one of the longest running, largest, and most reliable public fast charging operators in the U.S., we could not be more excited about the possibility of accelerating our growth, expanding our partnerships, and helping to enable the wider, faster adoption of EVs across America.”

Business Highlights

• EVgo eXtend: In July, the Company announced an agreement with GM and Pilot Company to install 2,000 stalls at up to 500 sites across U.S. Under the partnership, EVgo will procure, design, install, operate and maintain the network/stations.
• Charger Supply Agreement: In July, EVgo entered into a Charger Supply Agreement with Delta Electronics, through which EVgo will purchase 1,000 chargers (equivalent to 2,000 stalls) from Delta, with an option to purchase more and expand the agreement over time.
• Network reliability: EVgo’s uptime for stalls on its network was once again in the mid-90s percent through the first half of 2022, representing the Company’s focus on operational excellence and maintaining a highly reliable charging network.
• EVgo Optima: Together with a major Midwestern investor-owned utility EVgo will help pilot a program powered by its Optima fleet solutions to assist in their fleet electrification efforts.
• Launch of Autocharge+: During the quarter, the Company announced the rollout of its Autocharge+ functionality, which is designed to simplify and accelerate the charging experience for drivers.
• BPA with U.S. GSA: EVgo, along with OSC~WEBco, was awarded participation in a new five-year Blanket Purchase Agreement to furnish EV supply equipment and ancillary services to federal government agencies and departments.
• Station development: The Company ended the second quarter of 2022 with 2,397 stalls in operation or under construction. Excluding retired locations, this reflects an addition of 170 new operational DC fast charging stalls during the quarter.
• Active E&C Stall Development Pipeline: The Company’s pipeline grew to 3,669 stalls by the end the second quarter of 2022 versus 2,067 at the end of the second quarter of 2021.

Financial & Operational Highlights

The below represent summary financial and operational figures for the second quarter of 2022.

• Revenue of $9.1 million
• Network throughput of 10.1 gigawatt-hours
• Customer account additions of approximately 67,000 accounts
• Gross loss of $0.7 million
• Net income of $17.0 million
• Adjusted gross profit of $3.4 million
• Adjusted EBITDA of ($19.8) million
• Cash Flow from Operations of ($18.5) million
• Capital Expenditures of $44.0 million

1. Adjusted Gross Profit / (Loss), Adjusted Gross Margin, Adjusted EBITDA, and Adjusted EBITDA Margin are non-GAAP measures and have not been prepared in accordance with Generally Accepted Accounting Principles in the United States of America (“GAAP”). For a definition of these non-GAAP measures and a reconciliation to the most directly comparable GAAP measure, please see “Definition of non-GAAP Financial Measures” and “Reconciliation of non-GAAP Measures” included elsewhere in this release.

2022 Financial & Operating Guidance

EVgo is affirming its previously announced guidance for full-year 2022 as follows:

• Total revenue of $48 – $55 million
• Network throughput of 50 – 60 GWh
• Adjusted EBITDA of ($75) – ($85) million

Additionally, EVgo is affirming its stall target guidance. At year-end 2022, EVgo expects to have a total of 3,000 – 3,300 DC fast charging stalls operational or under construction.

Conference Call Information

A live audio webcast and conference call for our second quarter 2022 earnings release will be held at 11:00 AM ET / 8:00 AM PT on August 9, 2022. The webcast will be available at investors.evgo.com, and the dial-in information for those wishing to access via phone is:

Toll Free: (877) 407-4018
Toll/International: (201) 689-8472
Conference ID: 13731661

This press release, along with other investor materials, including a slide presentation and reconciliations of certain non-GAAP measures to their nearest GAAP measures, will also be available on that site.

About EVgo

EVgo (Nasdaq: EVGO) is the nation’s largest public fast charging network for electric vehicles and is powered by 100% renewable energy. As of the end of the second quarter 2022, with more than 850 charging locations, EVgo’s owned and operated charging network serves over 60 metropolitan areas across more than 30 states and approximately 444,000 customer accounts. Founded in 2010, EVgo leads the way on transportation electrification, partnering with automakers; fleet and rideshare operators; retail hosts such as hotels, shopping centers, gas stations and parking lot operators; and other stakeholders to deploy advanced charging technology to expand network availability and make it easier for drivers across the U.S. to enjoy the benefits of driving an EV. As a charging technology first mover, EVgo works closely with business and government leaders to accelerate the ubiquitous adoption of EVs by providing a reliable and convenient charging experience close to where drivers live, work and play, whether for a daily commute or a commercial fleet.

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as "estimate," "plan," "project," "forecast," "intend," "will," "expect," "anticipate," "believe," "seek," "target" or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements are based on management’s current expectations or beliefs and are subject to numerous assumptions, risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. These forward-looking statements include, but are not limited to, express or implied statements regarding EVgo’s future financial performance, revenues, capital expenditures, chargers in operation or under construction and network throughput, EVgo’s expectation of acceleration in our business due to factors including a re-opening economy and increased EV adoption; and the Company’s strong liquidity position and collaboration with partners enabling effective deployment of chargers. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of EVgo’s management and are not predictions of actual performance. There are a significant number of factors that could cause actual results to differ materially from the statements made in this press release, including: changes or developments in the broader general market; ongoing impact from COVID-19 on our business, customers, and suppliers; macro political, economic, and business conditions, including inflation; our limited operating history as a public company; our dependence on widespread adoption of EVs and increased installation of charging station; mechanisms surrounding energy and non-energy costs for our charging stations; the impact of governmental support and mandates that could reduce, modify, or eliminate financial incentives, rebates, and tax credits; supply chain interruptions; impediments to our expansion plans, including permitting delays; the need to attract additional fleet operators as customers; potential adverse effects on our revenue and gross margins if customers increasingly claim clean energy credits and, as a result, they are no longer available to be claimed by us; the effects of competition; risks related to our dependence on our intellectual property; and risks that our technology could have undetected defects or errors. Additional risks and uncertainties that could affect our financial results are included under the captions “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations of EVgo” in EVgo’s Annual Report on Form 10-K for the year ended December 31, 2021, filed with the Securities and Exchange Commission (the “SEC”) on March 24, 2022, as well as its other filings with the SEC, copies of which are available on EVgo’s website at investors.evgo.com, and on the SEC’s website at www.sec.gov. All forward-looking statements in this press release are based on information available to us as of the date hereof, and we do not assume any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made, except as required by applicable law.

Use of Non-GAAP Financial Measures

To supplement EVgo’s financial information, which is prepared and presented in accordance with GAAP, EVgo uses certain non-GAAP financial measures. The presentation of non-GAAP financial measures is not intended to be considered in isolation or as a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP. EVgo uses these non-GAAP financial measures for financial and operational decision-making and as a means to evaluate period-to-period comparisons. EVgo believes that these non-GAAP financial measures provide meaningful supplemental information regarding the Company’s performance by excluding certain items that may not be indicative of EVgo’s recurring core business operating results.

EVgo believes that both management and investors benefit from referring to these non-GAAP financial measures in assessing EVgo’s performance. These non-GAAP financial measures also facilitate management’s internal comparisons to the Company’s historical performance. EVgo believes these non-GAAP financial measures are useful to investors both because (1) they allow for greater transparency with respect to key metrics used by management in its financial and operational decision-making and (2) they are used by EVgo’s institutional investors and the analyst community to help them analyze the health of EVgo’s business.

For more information on these non-GAAP financial measures, including reconciliations to the most comparable GAAP measures, please see the sections titled “Definitions of Non-GAAP Financial Measures” and “Reconciliations of Non-GAAP Measures” included at the end of this release.

Definitions of Non-GAAP Financial Measures

This press release includes the non-GAAP financial measures: “Adjusted Cost of Sales,” “Adjusted Gross Profit (Loss),” “Adjusted Gross Margin,” “EBITDA,” “Adjusted EBITDA.” EVgo believes these measures are useful to investors in evaluating EVgo’s financial performance. In addition, EVgo uses these measures internally to establish forecasts, budgets, and operational goals to manage and monitor its business. EVgo believes that these non-GAAP financial measures help to depict a more realistic representation of the performance of the underlying business, enabling EVgo to evaluate and plan more effectively for the future. EVgo believes that investors should have access to the same set of tools that its management uses in analyzing operating results.

EVgo defines Adjusted Cost of Sales as cost of sales before: (i) depreciation and amortization, (ii) share-based compensation, and (iii) O&M reimbursement. Adjusted Gross Profit (Loss) is defined as revenues less Adjusted Cost of Sales. Adjusted Gross Margin is defined as Adjusted Gross Profit (Loss) as a percentage of revenues. EVgo defines EBITDA as net income (loss) before (i) interest expense, (ii) income taxes and (iii) depreciation and amortization. EVgo defines Adjusted EBITDA as EBITDA plus (i) stock-based compensation expense, (ii) loss on disposal of assets and (iii) other unusual or nonrecurring income (expenses) such as bad debt expense. Adjusted Cost of Sales, Adjusted Gross Profit (Loss), Adjusted Gross Margin, EBITDA, and Adjusted EBITDA are not prepared in accordance with GAAP and that may be different from non-GAAP financial measures used by other companies. These measures should not be considered as measures of financial performance under GAAP, and the items excluded from or included in these metrics are significant components in understanding and assessing EVgo’s financial performance. These metrics should not be considered as alternatives to net income (loss) or any other performance measures derived in accordance with GAAP.

Reconciliations of Non-GAAP Measures ($ in 000s)

Note: Figures may not sum due to rounding.

Financial Statements

For investors:
Ted Brooks, VP of Investor Relations
investors.evgo.com
310-954-2943

For Media:
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● After investing in Heirloom earlier this year, Microsoft has deepened its commitment to Heirloom by signing a deal to purchase its carbon removal credits. The initial deal will see Microsoft purchase credits for delivery by 2025, with plans to pursue future purchases as Heirloom's technology rolls out.

● Long-term commitments to purchasing high-quality carbon removals are vital to scaling direct air capture technology and early-adopters like Microsoft will catalyze the supply of high-quality carbon removal solutions.

SAN FRANCISCO--(BUSINESS WIRE)--Today, a deal has been signed for Heirloom to provide Microsoft with permanent carbon removal for delivery through 2025. The companies have also agreed to explore the ongoing provision of carbon removal credits with the expansion of Heirloom’s facility deployments over the coming years. This comes after Microsoft Climate Innovation Fund’s investment in Heirloom’s Series A which closed in Q1 2022 – emphasizing Microsoft’s ongoing conviction in both Heirloom’s technology and ability to scale.

“Our deal with Heirloom is an important part of Microsoft’s commitment to permanent, durable carbon removal,” said Rafael Broze, carbon removal program manager at Microsoft. “The purchase of carbon removal credits will be an important catalyst to the growth and development of the Direct Air Capture industry.”

Heirloom is building Direct Air Capture facilities that permanently and cost-effectively remove CO₂ from the atmosphere, with a real path towards removing 1b tonnes of CO₂ per year by 2035. Their technology rapidly accelerates the natural ability of minerals to absorb CO₂ from the air from a timespan of decades to days. Heirloom’s carbon removal credits are some of the most additional and durable methods of carbon dioxide removal that exist today: once removed from the atmosphere, the CO₂ is stored safely and permanently underground for over a thousand years.

“Microsoft has been a worldwide leader in sustainability and we’re very excited to add them as a customer,” said Shashank Samala, CEO of Heirloom Carbon. “Their patronage and investment will fuel the scale of our technology and our ability to help the world meet its climate goals.”

To limit global warming to 1.5°C by the end of 2100 and avoid irreversible climate damage, carbon dioxide removal technologies like Direct Air Capture are an urgent necessity. The world has already warmed by 1.2 ˚C, which leaves a vanishingly small carbon budget to work with. For even the most aggressive emissions reduction projections, we’ll still need to remove 6-10 gigatons of CO₂ per year by 2050 to stick to a 1.5˚C warming pathway. That’s equivalent to stopping all emissions and removing around 10-20% of global emissions annually. Direct Air Capture, of which Heirloom is one of the pioneers, will be vital to preventing the worst impacts of climate change.

About Heirloom

Heirloom is building Direct Air Capture facilities that permanently remove CO₂ from the atmosphere, with a real path towards removing 1b tonnes of CO₂ by 2035. The technology rapidly accelerates the natural ability of minerals to absorb CO₂ from the air from a timespan of decades to days. Founded in 2020 by the world’s leading experts in CO₂ removal and serial deep-tech entrepreneurs, our automated facilities offer the most promising pathway to permanent, low-cost gigaton-scale CO₂ removal.

Funded by Breakthrough Energy Ventures, Carbon Direct Capital Management, Ahren Innovation Capital, Prelude and The Microsoft Climate Innovation Fund, the company has sold offtakes to Stripe, Klarna, Shopify, Microsoft, and others.

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WALL, N.J.--(BUSINESS WIRE)--New Jersey Resources (NYSE: NJR) today announced Robert Pohlman has been named Vice President of NJR Clean Energy Ventures (CEV) and Corporate Strategy effective immediately. Mr. Pohlman will be responsible for leading and developing the renewable energy business, while also driving new growth opportunities and strategic initiatives across NJR.

“NJR Clean Energy Ventures is a core part of our business and growth strategy,” said Steve Westhoven, President and CEO of New Jersey Resources. “With his extensive experience in the sustainable investment space, Bobby has played a key role in our company’s investment of over $1 billion in renewable infrastructure over the last decade and helped grow CEV into one of the largest solar owner/operators in New Jersey. He has proven himself to be a strong, capable leader in every job he’s held. I am confident Bobby will continue to facilitate growth and success at CEV as we invest in and deliver cleaner energy to our customers.”

Mr. Pohlman joined NJR in 2011 as Director of Business Development at CEV. In 2019, he was named Chief of Staff to the President and CEO of NJR and served as Managing Director of Innovation and Strategic Initiatives before being promoted to Vice President-Strategy, Communications, Government Relations and Policy in 2021. Prior to joining NJR, he worked as Vice President at Citadel LLC and Assistant Vice President at Credit Suisse Energy LLC and Barclays Capital, Inc.

About New Jersey Resources
New Jersey Resources (NYSE: NJR) is a Fortune 1000 company that, through its subsidiaries, provides safe and reliable natural gas and clean energy services, including transportation, distribution, asset management and home services. NJR is composed of five primary businesses:

• New Jersey Natural Gas, NJR’s principal subsidiary, operates and maintains over 7,600 miles of natural gas transportation and distribution infrastructure to serve over 560,000 customers in New Jersey’s Monmouth, Ocean and parts of Morris, Middlesex and Burlington counties.
• Clean Energy Ventures invests in, owns and operates solar projects with a total capacity of more than 370 megawatts, providing residential and commercial customers with low-carbon solutions.
• Energy Services manages a diversified portfolio of natural gas transportation and storage assets and provides physical natural gas services and customized energy solutions to its customers across North America.
• Storage and Transportation serves customers from local distributors and producers to electric generators and wholesale marketers through its ownership of Leaf River and the Adelphia Gateway Pipeline Project, as well as our 50% equity ownership in the Steckman Ridge natural gas storage facility.
• Home Services provides service contracts as well as heating, central air conditioning, water heaters, standby generators, solar and other indoor and outdoor comfort products to residential homes throughout New Jersey.

NJR and its over 1,200 employees are committed to helping customers save energy and money by promoting conservation and encouraging efficiency through Conserve to Preserve® and initiatives such as The SAVEGREEN Project® and The Sunlight Advantage®.

For more information about NJR:
Visit www.njresources.com.
Follow us on Twitter @NJNaturalGas
“Like” us on facebook/NewJerseyNaturalGas.

Media Contact:
Michael Kinney
732-938-1031
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Investor Contact:
Adam Prior
732-938-1145
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ANNAPOLIS, Md.--(BUSINESS WIRE)--#cyberinsurance--The majority of companies across the U.S. oil and gas industry are at risk of a successful cyber breach according to BreachBits, a cyber risk rating and monitoring company that evaluates and tests organizations from a hacker’s perspective to empower them to anticipate attacks. Following an analysis of 98 representative upstream, midstream, downstream and supply chain companies across the energy sector, BreachBits has released their findings in BreachRisk: Energy 2022, a cyber state of the industry study.

“On average, the oil and gas companies we observed were at Medium Risk, with a score of 4.1 out of ten on our BreachRisk^™ scale, but that risk was not distributed evenly across the sector,” said BreachBits CEO and Co-Founder John Lundgren. “Additionally, 11% of the companies presented potentially serious, High Risk threats. We identify and monitor cyber risks at scale as we did here, detect issues and then test them just as a hacker would for our customers.”

The study by BreachBits ranked 59% of companies at Medium Risk for a cyber breach, 13% at Low Risk and 28% at Very Low Risk. Other key observations included:

• 94% of all ransomware threats were held by only 51% of companies.
• BreachRisk increases for companies with greater than $50-million in annual recurring revenue.
• BreachRisk significantly increases for companies with more than 250 employees.

BreachBits, founded by U.S. military cyber warfare veterans, measures an organization’s BreachRisk as the likelihood of a successful breach against the potential impact to the subject.

“We measure cyber risk based on actual threats and viable attack vectors, not hypothetical ones, and we do that from the hacker’s perspective. That means the risks we identified in this study are the same observations being made by active cyber attackers,” said BreachBits COO and Co-Founder J. Foster Davis. “What’s different is that we’ve taken those complex assessments and translated them into an easy to understand cyber risk score that everyone from the boardroom to the server room can use to better understand, measure and communicate risk.”

Whether an organization needs to assess their own risk or that of a client, partner, portfolio or supply chain, the BreachRisk methodology by BreachBits provides a new standard to benchmark exposure to cyber attackers, track risk mitigation efforts, make informed decisions and shape the next era of cyber insurance. The full BreachRisk: Energy 2022 study is available for download at: www.breachbits.com/breachrisk-energy-2022

About BreachBits

BreachBits is revolutionizing the way defenders talk about cyber, empowering stakeholders and all parts of an organization with easy-to-understand cyber risk scores. Led by a team of cyber warfare veterans and multi-disciplined professionals, we help defenders predict cyber attacks before they happen and communicate threats to key stakeholders. Organizations are both enabled and threatened by cyberspace today, but BreachBits helps leaders make informed business risk decisions. Learn more at: breachbits.com

Joshua Cook
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501.777.5032

Founding Team Consists of Mahesh Ramanujam, Former President and CEO of the U.S. Green Building Council, Sarah Merricks, Former Chief of Staff at the U.S. Green Building Council, and Scot Horst, founding CEO of Arc Skoru.

WASHINGTON--(BUSINESS WIRE)--Mahesh Ramanujam, former President and CEO of the U.S. Green Building Council, together with a veteran team of sustainability and ESG experts announce the launch of The Global Network for Zero (GNFZ). Recognizing that current efforts will not generate scalable climate solutions in time to avert a planetary calamity, GNFZ is an international collective of business and policy leaders devoted to the rapid realization of a zero emissions world. GNFZ’s founding members include Sarah Merricks, former Chief of Staff at the U.S. Green Building Council, and Scot Horst, Founding CEO of Arc Skoru — both known for their contributions to legacy sustainability and certification platforms, including the LEED green building program.

GNFZ builds upon the team’s long-standing reputation for using innovative technology to tackle compounding global crises and improve human health and well-being. With a history of business, digital, and green building acumen, GNFZ will harness the power of leading-edge technology to meet a growing sense of urgency and fulfill the network’s vision of lasting equitable and global living standards. In addition to developing best-in-class practices, resources, financing mechanisms and scalable policy frameworks, GNFZ is positioned to prioritize the expansion of ESG across sectors. GNFZ will lead a singular and comprehensive approach for realizing its vision by bringing together the most influential individuals and institutions in technology, finance, business, and organizational sustainability.

“The realization of a healthy, economically viable zero emissions planet is a moonshot, and we’re far past launch time. Climate change is the single largest existential threat to humanity. By collectively nurturing innovation and leveraging smart investments, the Global Network for Zero is laying the groundwork for a standard of living where everyone thrives,” says GNFZ Co-Founder, President, and CEO Mahesh Ramanujam. “Combining our decades of experience, vast networks, and proven track records for delivering on bold, ambitious strategies, Sarah, Scot and I are encouraging participation from anyone interested in building a better society for themselves and future generations. In fact, we’ve already engaged the best and brightest in sustainability, investment and finance, innovation and technology, government and policy, and construction, engineering and architecture — because that’s what will ultimately forge solutions, lead to universal reporting, provide an increase in returns for investors, and create a unified, actionable path to zero.”

The Global Network for Zero will focus on three pillars: investment, technology and policy. In addition to providing a full suite of resources, GNFZ will connect financiers with the most promising and profitable innovations for maximum sustained returns on investment and impact. GNFZ will develop solutions for eliminating market barriers to a zero emissions world, bridging technology gaps and enabling scalability. This includes but is not limited to pairing end-users with innovations to bridge the “valleys of death” between climate tech and cleantech innovation, maturation, commercialization, adoption and diffusion. On the policy front, the network will convene business and policymakers, create clarity around the term ‘zero,’ interpret the business implications of accelerating carbon reductions across various sectors in society, and assist in scaling implementation efforts.

“This is a network of shared ownership — which is a core value of any successful community or collaborative effort. As founding members, we want everyone to be stakeholders in a zero emissions future. We want to empower people and organizations to fulfill their ESG commitments, and to experience the improved quality of life that comes with creating and sustaining a healthy economy free of emissions,” says Sarah Merricks, GNFZ Co-Founder and Chief Strategy Officer. “This will take buy-in from the public and private sectors, both of which we have extensive experience collaborating with. Nothing like this has been brought to scale before, but the Global Network for Zero is fully committed to this mission.”

“Everyone can play a role in reducing emissions. Our key word is ‘inclusive’ and our goal is to expand the capacity for anyone to become involved. This network is for everyone,” says Scot Horst, Chair of GNFZ. “We are building a comprehensive method for anyone to use to improve our shared health while accurately measuring and tracking progress. A healthy environment, healthy people and a healthy economy go hand in hand when people are connected and know that their work makes a difference.”

With GNFZ engagement well underway, the organization is rapidly growing its reach by convening the public and private sectors, as well as building its capacity for knowledge-sharing and scaling implementation strategies for zero emissions.

About The Global Network for Zero

The Global Network for Zero is an international leadership collective of business and policy leaders implementing actionable strategies and solutions for accelerating ESG compliance and the rapid realization of a zero emissions world. Follow us on Twitter and LinkedIn to learn more and reach out to This email address is being protected from spambots. You need JavaScript enabled to view it. to learn how you can get involved.

Caroline King
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~Provides Financing for Pending Acquisition of IGY Marinas~
~Increases Floorplan and Adds Revolving and Mortgage Lines of Credit~

CLEARWATER, Fla.--(BUSINESS WIRE)--MarineMax, Inc. (NYSE: HZO), the world’s largest recreational boat and yacht retailer, today announced the completion of $1.35 billion in aggregate financing commitments.

MarineMax completed the $1.35 billion senior secured credit facilities (the “Credit Facilities”) which is comprised of the following:

• $750 million floor plan line of credit (the “Floor Plan”) for financing inventory, which replaces an existing $500 million floor plan facility
• $400 million delayed draw term loan (the “Term Loan”) for financing the IGY Marinas (“IGY”) acquisition previously announced
• $100 million revolving credit facility (the “Revolver”); and
• $100 million delayed draw mortgage facility (the “Mortgage Facility”)

Proceeds from the Credit Facilities will be used to finance the acquisition of IGY, fund the purchase of eligible new and used marine product inventory, provide additional financial capacity to support future growth, as well as for general business purposes. The combined facilities have a five-year term, maturing August 2027. Anticipated leverage upon the closing of the IGY acquisition, net of cash, is expected to approximate 1x EBITDA on a proforma trailing twelve-months basis.

“This financing bolsters the strength of our balance sheet and will enable us to maintain a conservative leverage ratio when the IGY acquisition is closed. With these new facilities and the organic liquidity that our cash flow from operations provides, MarineMax has further fortified our balance sheet and greatly enhances our financial flexibility. The over-subscription of these facilities demonstrates a significant vote of confidence, as the market recognizes our sustained strong financial performance, disciplined use of capital, and growth trajectory,” said Michael H. McLamb, Executive Vice President, Chief Financial Officer and Secretary of MarineMax, Inc. “We appreciate the ongoing support expressed by the commitment of our lenders to MarineMax.”

The financings were led by M&T Bank as Administrative Agent and Joint-Lead Arranger, along with Wells Fargo Commercial Distribution Finance as Joint-Lead Arranger and Floor Plan Agent. Substantially all of the lenders under the Credit Facilities have various other relationships with MarineMax and its subsidiaries. Services provided by the lenders may include but are not limited to financial services such as cash management, loans, letters of credit and bank guarantee facilities, investment banking and trust services, and some may serve as a source of retail financing for MarineMax’s customers. In addition, some of the lenders under the Credit Facilities were also lenders under the aforementioned facilities that were replaced.

About MarineMax
MarineMax is the world’s largest recreational boat and yacht retailer, selling new and used recreational boats, yachts and related marine products and services, as well as providing yacht brokerage and charter services. MarineMax has over 100 locations worldwide, including 79 retail dealership locations, which includes 34 marinas or storage operations. Through Fraser Yachts and Northrop and Johnson, the Company also is the largest superyacht services provider, operating locations across the globe. Cruisers Yachts, a MarineMax company, manufactures boats and yachts with sales through our select retail dealership locations and through independent dealers. Intrepid Powerboats, a MarineMax company, manufactures powerboats and sells through a direct-to-consumer model. MarineMax provides finance and insurance services through wholly owned subsidiaries and operates MarineMax Vacations in Tortola, British Virgin Islands. The Company also operates Boatyard, a pioneering digital platform that enhances the boating experience. MarineMax is a New York Stock Exchange-listed company (NYSE: HZO). For more information, please visit www.marinemax.com.

Forward Looking Statement

Certain statements in this press release are forward-looking as defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include the expectation that the financing will enable us to maintain a conservative leverage ratio after the expected IGY acquisition is closed and that our financial flexibility has been greatly enhanced. These statements are based on current expectations, forecasts, risks, uncertainties, and assumptions that may cause actual results to differ materially from expectations as of the date of this release. These risks, assumptions and uncertainties include the Company’s abilities to reduce inventory, manage expenses and accomplish its goals and strategies, the quality of the new product offerings from the Company’s manufacturing partners, the impacts (direct and indirect) of COVID-19 on the Company’s business, the Company’s employees, the Company’s manufacturing partners, and the overall economy, general economic conditions, as well as those within our industry, the level of consumer spending, the Company’s ability to integrate acquisitions into existing operations, and numerous other factors identified in the Company’s Form 10-K for the fiscal year ended September 30, 2021 and other filings with the Securities and Exchange Commission. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Michael H. McLamb
Chief Financial Officer
727-531-1700

Media:
Abbey Heimensen
MarineMax, Inc.

Investors:
Brad Cohen or Dawn Francfort
ICR, LLC
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Report showcases Chemours’ global commitment to environmental leadership, sustainable innovation, and communities

WILMINGTON, Del.--(BUSINESS WIRE)--$CC--The Chemours Company (“Chemours”) (NYSE: CC), a global chemistry company with leading market positions in Titanium Technologies, Thermal & Specialized Solutions, and Advanced Performance Materials, today announced the fifth edition of its annual Corporate Responsibility Commitment (CRC) Report, inclusive of updates on the company’s ESG targets. The report showcases the company’s collective determination and commitment to making chemistry as responsible as it is essential while delivering tremendous progress to meet its goals.

Select report highlights from the company’s 2021 operations include:

• Made substantial progress toward achieving the company's goal to reduce air and water process emissions of fluorinated organic compounds by 99% or more by 2030, reaching a 40% global reduction since 2018.
• Generated 47.2% of total 2021 revenue from offerings that make a specific contribution to the United Nation’s Sustainable Development Goals (UN SDGs).
• Achieved the company’s sustainable supply chain goal, completing supplier corporate responsibility assessment evaluations for 81% of suppliers by spend, with 15% of suppliers improving their sustainability performance.
• Furthered our commitment to energy and emissions reductions, joining the U.S. Department of Energy Better Climate Challenge with a commitment to reduce energy intensity by 17% and reduce GHG emissions by 50% within 10 years.
• Reached the 30% milestone on the way to investing $50 million in our communities and launched a new global school partnership program, ChemFEST, to nurture the next generation of STEM professionals.
• Refocused our gender parity goal, dedicating ourselves to filling 50% of all director-level positions and above with women by 2030 on our journey to achieving gender parity. For 2021, we’ve filled 33% of director level and above positions and 23% of all positions with women.
• Exceeded the 20% goal to fill all U.S. positions with ethnically diverse employees and set a new, more ambitious goal of filling 30% of all U.S. positions with ethnically diverse talent.
• Made exciting progress in the first year of the Remove2Reclaim research project, which is developing a more sustainable process for recovering titanium dioxide and polymers from end-use plastic to help crack the code on effective plastic recycling.

Based on Chemours’ 2021 actions and accomplishments, the report is entitled “Chemistry for a Better World.” It highlights how the company’s 6,400 employees acted with courage and agility, in cooperation with partners around the globe, to respond to the year’s challenges and strengthen our businesses while making a meaningful impact on the planet.

“The world increasingly expects companies to provide essential products responsibly. At Chemours, we share those expectations, which is why sustainability, and our commitments to it, are embedded in everything we do,” said Mark Newman, President and CEO of Chemours. “I’m proud of our team's progress and how we continue to demonstrate that our innovative products are vital to advancing the next generation of sustainable industries, from clean hydrogen energy to semiconductor chips to climate-friendly thermal solutions and much more.”

In addition to releasing its 2021 CRC Report, Chemours recently announced it is pursuing official science-based targets through the Science-Based Target initiative (SBTi), strengthening its ambitious climate goals.

“Sustainability at Chemours is an ethos practiced by all of our 6,400 collective entrepreneurs. We fully embrace the bold innovation, collaboration, and action needed today to solve some of the world’s greatest challenges,” said Sheryl Telford, Chief Sustainability Officer. “Sustainability is part of our DNA, and we’ll continue to push ourselves to do better and be better in everything that we do for the benefit of the environment and our global community.”

Click here to read Chemours’ 2021 Corporate Responsibility Commitment Report.

About The Chemours Company

The Chemours Company (NYSE: CC) is a global leader in Titanium Technologies, Thermal & Specialized Solutions, and Advanced Performance Materials providing its customers with solutions in a wide range of industries with market-defining products, application expertise and chemistry-based innovations. We deliver customized solutions with a wide range of industrial and specialty chemicals products for markets, including coatings, plastics, refrigeration and air conditioning, transportation, semiconductor and consumer electronics, general industrial, and oil and gas. Our flagship products include prominent brands such as Ti-Pure™, Opteon™, Freon™, Teflon™, Viton™, Nafion™, and Krytox™. The company has approximately 6,400 employees and 29 manufacturing sites serving approximately 3,200 customers in approximately 120 countries. Chemours is headquartered in Wilmington, Delaware and is listed on the NYSE under the symbol CC.

For more information, we invite you to visit chemours.com or follow us on Twitter @Chemours or LinkedIn.

Forward-Looking Statements

This press release contains forward-looking statements, within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which involve risks and uncertainties. Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to a historical or current fact. The words "believe," "expect," "will," "anticipate," "plan," "estimate," "target," "project" and similar expressions, among others, generally identify "forward-looking statements," which speak only as of the date such statements were made. These forward-looking statements may address, among other things, the outcome or resolution of any pending or future environmental liabilities, the commencement, outcome or resolution of any regulatory inquiry, investigation or proceeding, the initiation, outcome or settlement of any litigation, changes in environmental regulations in the U.S. or other jurisdictions that affect demand for or adoption of our products, anticipated future operating and financial performance for our segments individually and our company as a whole, business plans, prospects, targets, goals and commitments, capital investments and projects and target capital expenditures, plans for dividends or share repurchases, sufficiency or longevity of intellectual property protection, cost reductions or savings targets, plans to increase profitability and growth, our ability to make acquisitions, integrate acquired businesses or assets into our operations, and achieve anticipated synergies or cost savings, all of which are subject to substantial risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Forward-looking statements are based on certain assumptions and expectations of future events that may not be accurate or realized. These statements are not guarantees of future performance. Forward-looking statements also involve risks and uncertainties that are beyond Chemours' control. In addition, the current COVID-19 pandemic has significantly impacted the national and global economy and commodity and financial markets, which has had and we expect will continue to have a negative impact on our financial results. The full extent and impact of the pandemic is still being determined and to date has included significant volatility in financial and commodity markets and a severe disruption in economic activity. The public and private sector response has led to travel restrictions, temporary business closures, quarantines, stock market volatility, and interruptions in consumer and commercial activity globally. Matters outside our control have affected our business and operations and may or may continue to hinder our ability to provide goods and services to customers, cause disruptions in our supply chains, adversely affect our business partners, significantly reduce the demand for our products, adversely affect the health and welfare of our personnel or cause other unpredictable events. Additionally, there may be other risks and uncertainties that Chemours is unable to identify at this time or that Chemours does not currently expect to have a material impact on its business. Factors that could cause or contribute to these differences include the risks, uncertainties and other factors discussed in our filings with the U.S. Securities and Exchange Commission, including in our Quarterly Report on Form 10-Q for the quarter ended June 30, 2022 and in our Annual Report on Form 10-K for the year ended December 31, 2021. Chemours assumes no obligation to revise or update any forward-looking statement for any reason, except as required by law.

INVESTORS
Jonathan Lock
SVP, Chief Development Officer
+1.302.773.2263
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Kurt Bonner,
Manager, Investor Relations
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NEWS MEDIA
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Media Relations and Financial Communications Manager
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~Largest Superyacht Luxury Marina Network with Iconic Worldwide Locations~

~Will More than Double MarineMax’s Recurring Marina Revenue~

~Increases Global Superyacht Services Capabilities~

~Margin Enhancing Business Further Reduces Business Cyclicality~

~Projected to be Accretive in First Full Year~

CLEARWATER, Fla.--(BUSINESS WIRE)--MarineMax, Inc. (NYSE: HZO), the world’s largest recreational boat and yacht retailer, today announced that it has entered into a definitive agreement to acquire Island Global Yachting LLC (“IGY Marinas”), which owns and operates a collection of iconic marina assets and a yacht management platform in key global yachting destinations. MarineMax will acquire IGY Marinas for $480 million in cash, with an additional potential earnout of up to $100 million two years after closing, subject to the achievement of defined performance metrics. IGY Marinas, through recent acquisitions and organic growth, is projected to generate over $100 million of revenue in calendar 2022. Subject to the satisfaction of customary closing conditions, MarineMax expects the acquisition to close in the first half of fiscal 2023 and to be accretive within the first twelve months of closing. IGY Marinas will maintain its luxury branding that is well recognized as best-in-class in the global marina and superyacht communities. Tom Mukamal, CEO of IGY Marinas, and the IGY Marinas existing management team will continue to lead the growth and operations of the business.

IGY Marinas distinguishes itself with a synergistic network of strategically positioned luxury marinas situated in the world’s most coveted yachting and sport fishing destinations. IGY Marinas has pioneered best-in-class standards for service and quality in nautical tourism around the world. It offers a global network of 23 curated marinas in the Americas, the Caribbean, and Europe, delivering year-round customer touchpoints. IGY Marinas caters to a wide variety of luxury yachts, while also being exclusive home ports for some of the world’s largest megayachts. The network of marinas is further bolstered by its exclusive Trident superyacht membership program, expansive service offerings, and comprehensive yacht management platform. In addition, IGY Marinas is a venue for exclusive events such as the Cannes Yachting Festival, Cannes Lions International Festival of Creativity, Superyacht Miami, and Art Basel. IGY Marinas is unique in that its scale and strategic geographic footprint enables it to provide vertically integrated services to superyacht customers as they travel to popular destinations.

“We are delighted to announce our acquisition of IGY Marinas, a transformative transaction for MarineMax, that significantly strengthens our ability to provide the best customer experience to yacht owners around the world,” said W. Brett McGill, Chief Executive Officer and President of MarineMax. “The addition of IGY Marinas positions MarineMax as the preeminent leader in the superyacht industry—the only company able to offer an integrated experience coupling high value superyacht berthing and marina services in premier locations with exclusive superyacht service offerings. Moreover, this investment continues to diversify our business mix with not only higher margins, but also a larger geographic footprint, especially in highly desired destinations in the Mediterranean and the Caribbean.”

Mr. McGill continued, “We are very pleased to strategically expand with IGY Marinas and have tremendous respect for their outstanding management team for building a high-quality real estate portfolio of luxury marinas with extraordinary growth potential. IGY has experienced significant recent growth, as its brand has become sought-after by yacht owners, as well as public and private marina owners worldwide. This investment aligns with our ongoing strategic acquisition plan, including our superyacht business, to selectively expand our service offerings with acquisitions of high growth, high margin businesses. Furthermore, we strongly believe that IGY Marinas will offer our Fraser Yachts and Northrop & Johnson current and future superyacht customers the opportunity to enhance their yachting experiences by providing them access to the world’s only superyacht marina network.”

“We are excited to join the MarineMax Family and its experienced management team,” said Tom Mukamal, CEO of IGY Marinas. “MarineMax brings significant resources, synergies, and competitive advantages to our business amplifying our potential for both organic and inorganic growth. With IGY’s irreplaceable destination portfolio, demonstrated track record of successful acquisitions and a robust pipeline, we are confident in our collective ability to strengthen and build on our position as the global leader in superyacht and luxury marina destinations and related services.”

As stated above, MarineMax expects the transaction to close in the first half of fiscal 2023, subject to the satisfaction of customary closing conditions. The transaction will be financed through MarineMax’s recently completed expansion of its credit facilities and cash on hand.

Raymond James represented MarineMax, while Moelis & Company LLC represented IGY Marinas.

About MarineMax

MarineMax is the world’s largest recreational boat and yacht retailer, selling new and used recreational boats, yachts and related marine products and services, as well as providing yacht brokerage and charter services. MarineMax has over 100 locations worldwide, including 79 retail dealership locations, which includes 34 marinas or storage operations. Through Fraser Yachts and Northrop and Johnson, the Company also is the largest superyacht services provider, operating locations across the globe. Cruisers Yachts, a MarineMax company, manufactures boats and yachts with sales through our select retail dealership locations and through independent dealers. Intrepid Powerboats, a MarineMax company, manufactures powerboats and sells through a direct-to-consumer model. MarineMax provides finance and insurance services through wholly owned subsidiaries and operates MarineMax Vacations in Tortola, British Virgin Islands. The Company also operates Boatyard, a pioneering digital platform that enhances the boating experience. MarineMax is a New York Stock Exchange-listed company (NYSE: HZO). For more information, please visit www.marinemax.com.

Forward Looking Statement

Certain statements in this press release are forward-looking as defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include the acquisition being accretive, the acquisition being transformative to MarineMax and strengthening its ability to provide superyacht services and making MarineMax the preeminent leader in the industry and related timing, and the post-closing management of IGY. These statements are based on current expectations, forecasts, risks, uncertainties, and assumptions that may cause actual results to differ materially from expectations as of the date of this release. These risks, assumptions and uncertainties include the Company’s abilities to reduce inventory, manage expenses and accomplish its goals and strategies, the quality of the new product offerings from the Company’s manufacturing partners, the impacts (direct and indirect) of COVID-19 on the Company’s business, the Company’s employees, the Company’s manufacturing partners, and the overall economy, general economic conditions, as well as those within our industry, the level of consumer spending, the Company’s ability to integrate acquisitions into existing operations, and numerous other factors identified in the Company’s Form 10-K for the fiscal year ended September 30, 2021 and other filings with the Securities and Exchange Commission. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Michael H. McLamb
Chief Financial Officer
727-531-1700
Media:
Abbey Heimensen
MarineMax, Inc.

Investors:
Brad Cohen or Dawn Francfort
ICR, LLC
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• Brenmiller Energy’s bGen Technology Uses Biomass to Heat Crushed Rocks to More Than 600° Celsius, Enabling the On-Demand Delivery of Hot Air to Fortlev’s Polyethylene Water Tank Molding Machines
• bGen Thermal Energy Storage Unit Allows Fortlev to Reduce Fuel Costs by More than 75% and Greenhouse Gas Emissions By 800 tons of CO₂ per year

ROSH HAAYIN, Israel & ANÁPOLIS, Brazil--(BUSINESS WIRE)--Brenmiller Energy, a global leader in thermal energy storage, announced today that it and Fortlev, the largest producer of water storage solutions in Brazil, have inaugurated a bGen Thermal Energy Storage (TES) unit at Fortlev’s production facility in Anápolis, Brazil.

The bGen unit is the first TES system powered by renewable energy to be used to generate hot air for manufacturing plastic products in the world and also the first thermal energy storage system powered by renewable energy to be used for commercial operations in South America.

The 1 MWh bGen unit enables Fortlev to use renewable biomass rather than natural gas to heat the air it uses to make plastic water tanks with rotational molding machines. Substituting biomass for natural gas allows Fortlev to lower the fuel costs associated with heating this air by more than 75%. Use of the bGen unit will also lower the greenhouse gas (GHG) emissions associated with heating this air by approximately 800 metric tons per year.

Fortlev and Brenmiller Energy are in discussions to install 60 bGen units at the facility, which will enable it to avoid 48,000 metric tons of GHG emissions per year – an amount equivalent to the GHG emissions released by approximately 10,500 gasoline-powered passenger vehicles driven for one year.

“Fortlev is dedicated to delivering its customers high-quality, competitively priced water storage solutions while respecting the environment,” said Antonio Torres, Fortlev Solar CEO. “By helping Fortlev lower our fuel expenses and decarbonize one of our thermal manufacturing processes, Brenmiller Energy’s bGen technology is helping us realize this goal and do well while doing good.”

Having demonstrated the financial and environmental success of bGen’s TES technology, over the next few years Fortlev might not just expand its use of bGen at its Anápolis production facility, but also at its seven other manufacturing facilities in Brazil.

In addition, Fortlev Solar, as a partner of Brenmiller Energy in Brazil, is intending to open a manufacturing factory to produce bGen units for the Brazilian market.

Storing Renewable Energy as Heat to Produce Steam, Hot Water, and Hot Air

Many industrial companies have found it difficult to economically decarbonize plastic roto-molding, food preparation, chemical production, pulp and paper manufacturing, and other thermal processes that require the production or use of steam, hot water or hot air. For example, battery-based energy storage technologies do not efficiently store renewable energy for hours to days at a time, nor do they efficiently convert this energy on-demand into the heat needed to produce steam, hot water, or hot air.

By combining thermal storage, heat exchange, and steam generation together in a single solution, Brenmiller Energy’s bGen technology can provide industrial companies with the energy efficiency, output stability, scalability, and other capabilities they need to cost-competitively decarbonize their thermal processes. Brenmiller Energy’s technology is also flexible, enabling companies to use both electricity (from solar panels, wind turbines, and the grid) and thermal sources of energy (biomass, flue gas, recovered heat) to charge the bGen units.

The crushed rocks in the bGen units can efficiently store this energy as heat for minutes, hours, or even days. Then, when companies need it, they can use this heat to produce clean steam, hot water, or hot air on-demand to mold plastic, clean food, dry wood, or complete other industrial processes.

“Forward-thinking industrial companies like Fortlev want to decarbonize their thermal processes. But until recently, there have been few, if any, reliable, cost-effective, long-lived solutions that allow them to do so,” said Avi Brenmiller, Chairman and Chief Executive Officer of Brenmiller Energy. “Our bGen technology enables these companies to start using renewable energy resources and waste heat to efficiently produce clean steam, hot water, and hot air on-demand, allowing them to decarbonize their thermal process – and in some cases, like Fortlev, reduce their fuel costs while doing so.”

The installation of the bGen unit at Fortlev manufacturing facility was supported by the Israel Innovation Authority and the Brazilian Agency for Industrial Research and Innovation (EMBRAPII).

“It is inspiring to see this binational cooperation, where an innovative Israeli company implemented its groundbreaking technology in a factory of a large Brazilian company,” said Daniel Zonshine, Ambassador of Israel in Brazil. “This partnership has great potential in the Brazilian energy storage market and beyond.''

A Way to Decarbonize a Wide Variety of Thermal Processes

In addition to generating hot air to mold plastic, Brenmiller Energy’s bGen thermal energy storage technology can be used to decarbonize a wide variety of other industrial and power generation thermal processes that currently use fossil fuels to generate heat.

Brenmiller is working with Philip Morris International (Romania), Enel (Italy), and other industrial and utility customers to use its TES technology to decarbonize a diverse range of such processes around the world.

About Fortlev

Fortlev is the biggest manufacturer of water tanks, pipes, and water connections in Brazil. Fortlev is the benchmark in water storage solutions all over Brazil.

Since 1989, Fortlev has specialized in bringing quality to its customers. And, for that, innovation is required. Today Fortlev has one of the most modern pipes and fitting industrial parks in the country. In water tanks, Fortlev is always one step ahead, seeking bold solutions for consumers.

About Fortlev Solar

Fortlev Solar is a distributor of photovoltaic products from the state of Espírito Santo, Brazil. The company’s goal is to maintain a sustainable future, saving costs on the electricity bill and marketing quality products, delivered with agility and safety anywhere in Brazil. In the past two years Fortlev Solar has become the biggest distributor of Solar Solutions in Brazil.

About Brenmiller Energy

Brenmiller Energy delivers scalable thermal energy storage solutions and services that allow customers to cost-effectively decarbonize their operations. Its patented bGen thermal storage technology enables the use of renewable energy resources, as well as waste heat, to intelligently heat crushed rocks to very high temperatures. They can then store this heat for minutes, hours, or even days before using it for industrial and power generation processes. With bGen organizations have a way to use electricity, biomass, and waste heat to generate the steam, hot water and hot air they need to mold plastic, process food and beverages, produce paper, manufacture chemicals and pharmaceuticals, or drive steam turbines without burning fossil fuels. For more information visit the company’s website at https://bren-energy.com/ and follow the company on Twitter and LinkedIn.

Media:
Isaac Steinmetz
Antenna for Brenmiller Energy
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Luiz Felipe
Fortlev
+55 27 99753-0822
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Company acquires wind and solar ground lease portfolio

PLANO, Texas--(BUSINESS WIRE)--Activate Renewables, a leading acquirer of real estate and royalty interests in wind, solar and energy storage, today announced it has closed on the purchase of a portfolio of renewable ground leases from a fund managed by the Infrastructure Opportunities strategy of Ares Management (“Ares”).

The portfolio consists of wind and solar property leases together supporting more than 115 megawatts of power. The portfolio has assets located across three states with long-term power purchase agreements with high-quality off takers. Terms of the deal were not disclosed.

“We were excited to have the opportunity to work with Ares on the sale of these assets,” said Maria Klutey, president of Activate Renewables. “This transaction represented an ideal project for Activate, where we could deploy our low-cost, permanent capital to acquire an attractive portfolio.”

Activate Renewables works with renewable energy developers across the U.S. to help them enhance returns and improve capital efficiency by acquiring their land, lease or purchase options.

To date, Activate and its affiliates have acquired or signed agreements to fund acquisitions totaling nearly 7,000 solar acres and 57 wind turbines directly supporting more than 2.6 gigawatts of existing or planned renewable power generation across 20 states.

About Activate Renewables

Activate Renewables is committed to powering new economy investments through the acquisition of real estate and royalty interests associated with high-quality wind, solar and energy storage facilities located across the United States.

About Accelerate Real Asset Management

Accelerate’s mission is to deliver impactful value for investors, property owners, and tenants through a values-based approach to investments that support a secure and sustainable future. Supported by $750 million in equity and debt funding commitments, Accelerate aggregates income-producing real property interests and seeks to deliver differentiated, risk-adjusted returns.

Gayle Goodman; Chief Communications Officer, Accelerate; (214) 292-8956; This email address is being protected from spambots. You need JavaScript enabled to view it.

Embedded in o9’s Integrated Business Planning Platform, the First-of-Its-Kind Offering Helps Enterprises Improve the Environmental and Social Impact Performance of Their Global Supply Chains

DALLAS--(BUSINESS WIRE)--o9 Solutions, a leading enterprise AI software platform provider for transforming planning and decision-making, today announced the launch of a broad and deep set of sustainability solutions that are embedded in its integrated business planning platform, including product and enterprise environmental footprint measurement, full traceability, ESG risk management, ESG-enabled business planning, sustainable sourcing and supply chain circularity.

The first offering of its kind in the supply chain software space, o9’s new sustainability solutions help organizations improve the environmental and social impact KPIs of their supply chains. Companies that operate some of the largest and most complex global supply chains can now not only measure and report on their sustainability performance, but can also make planning decisions to reduce their carbon footprint and make meaningful progress toward net-zero goals. The o9 sustainability solutions incorporate international standards-based sustainability metrics, analytics and KPIs into the AI-enabled o9 Digital Brain platform, powered by its patented Enterprise Knowledge Graph technology for best-in-class supply chain modeling. Integrating full-spectrum sustainability data into the o9 platform gives companies the ability to assess their sustainability performance within all planning and operational activities, as well as the ability to identify and make data-driven decisions around tradeoffs between financial costs, service levels and ESG objectives.

“A significant portion of a company’s environmental and social impact stems from its supply chain activities,” said Stanton Thomas, Senior Vice President of Sustainability, o9 Solutions. “While there is a growing number of sustainability-focused software and consulting companies entering the market, sustainability initiatives are currently managed outside of core enterprise and supply chain planning systems. With our new sustainability solutions embedded in the o9 platform, we are uniquely positioned to combine our powerful value chain modeling technology with a complete data management capability for acquiring, validating, cleansing and harmonizing ESG data from diverse structured and unstructured sources. Expanding our product portfolio to include capabilities for tracking and managing ESG metrics and KPIs marks an important milestone in o9’s product evolution, and we are excited to help our clients meet their toughest sustainable supply chain challenges.”

Throughout the last year, o9 completed several sustainability solution proof of concepts with clients across a wide range of industries, as well as initiated the co-development of a new CO2 emissions tracking capability with a leading manufacturer. The launch of o9’s new sustainability solutions arrives at a pivotal point in time with companies facing mounting pressure from their stakeholders to reduce their negative environmental and social impacts, as well as recent regulatory actions in Europe, Asia and the U.S. that could result in barriers to key markets or significant fines if violated. The launch also marks an important next step in o9’s commitment to help large organizations transform their costly, complex and resource-intensive supply chains into efficient and sustainable operating models. It is this mission that drove Generation Investment Management, General Atlantic and its BeyondNetZero venture to join KKR in investing $295 million in o9 to accelerate the adoption of its game-changing platform by large enterprises across a wide variety of industry verticals.

“Technology is needed to support supply chain leaders in their efforts to set sustainability goals not only to protect brand reputation, but also to reduce their vulnerability to future supply chain disruptions related to climate change, taxes levied on carbon emissions and other ESG regulatory implications,” said Igor Rikalo, President and COO, o9 Solutions. “At o9, we understand the deeply interconnected nature of sustainability, optimal supply chain performance and technology. We are excited to open the o9 platform up to a rapidly growing market for ESG solutions and most importantly, fulfill our mission of helping the world’s largest organizations create environmentally and socially sustainable supply chains that will benefit all of humanity.”

Learn more about o9’s full suite of sustainability solutions at https://o9solutions.com/solutions/sustainability.

About o9 Solutions, Inc.

o9 Solutions is a leading AI-powered platform for integrated business planning and decision-making for the enterprise. Whether it is driving demand, aligning demand and supply, or optimizing commercial initiatives, any planning process can be made faster and smarter with o9’s AI-powered digital solutions. Bringing together technology innovations—such as graph-based enterprise modeling, big data analytics, advanced algorithms for scenario planning, collaborative portals, easy-to-use interfaces and cloud-based delivery—into one platform. For more information, please visit www.o9solutions.com.

Jenni Ottum
o9 Solutions
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HOUSTON--(BUSINESS WIRE)--Enstor Gas (“Enstor”), the largest privately owned gas storage company in the U.S., is pleased to announce that KJ Ko has joined the company as senior vice president, commercial services. His primary responsibilities include management and development of commercial accounts for Enstor’s hub services, as well as risk management and other activities. Mr. Ko joins as a member of Enstor’s management team and reports directly to Chief Executive Officer Paul Bieniawski.

Prior to joining Enstor, Mr. Ko served as vice president of commercial services at Leaf River Energy Center, a New Jersey Resources company, where he focused on asset optimization, trading, and business development. Prior to Leaf River Energy Center, Mr. Ko served as manager of trading and business development at Midstream Energy Holdings, consultant at Black & Veatch, and senior associate at Lukens Energy Group.

In his role at Enstor, Mr. Ko will be working closely with Enstor’s Senior VP, Origination, Peter Abt, who came to Enstor in 2021 from Trilogy Midstream, where he served as vice president, business development. Combined, Mr. Ko and Mr. Abt have about 50 years’ experience in the midstream industry, and they will be working to grow commercial accounts, develop new customers, and launch new service offerings for Enstor customers in addition to Enstor’s existing firm and hub services.

“Enstor is thrilled to have KJ and Peter spearheading our commercial accounts growth initiatives,” said Enstor CEO Paul Bieniawski. “First and foremost is our long-proven ability to provide safe and reliable natural gas storage to customers. Now we will launch new products, bring in new customers and offer expanded natural gas services to meet the growing needs of our customers.”

Enstor manages and operates natural gas storage facilities in Alabama, Mississippi, Texas and New Mexico. Enstor's Gulf Coast and southwest U.S. facilities access supply from the largest basins in the U.S. and are strategically located in market areas that serve growing demand from LNG liquefaction, industrial expansions, power generation, and exports to Mexico.

About Enstor Gas

Enstor is the largest privately owned natural gas storage company in the United States. Headquartered in Houston, the company owns and operates six active underground natural gas storage facilities in four states with more than 110 Bcf in working gas capacity. Enstor has approximately 179 miles of transmission pipelines and 39 interconnects to major transmission pipelines. For more information, please visit www.enstorinc.com.

Redbird Communications
Bevo Beaven
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720.666.5064 - m

Two ICHP C600S Microturbines Will Power an On-Site Cogeneration Power Plant

LOS ANGELES--(BUSINESS WIRE)--$CGRN #Biogas--Capstone Green Energy Corporation (NASDAQ: CGRN), a global leader in carbon reduction and on-site resilient green Energy as a Service (EaaS) solutions, today announced that Cal Microturbine, Capstone's exclusive distributor for California, Hawaii, Nevada, Oregon and Washington, has secured an order for two C600 Signature Series microturbines with Capstone integrated heat recovery modules (HRMs).

The order, totaling 1.2 megawatts (MWs), will be deployed to an on-site power plant for an industrial manufacturer in Southern California. The systems will be installed in a combined cooling heat and power (CCHP) application allowing the customer to reduce its reliance on the local electrical grid while saving on utility costs. The order is expected to be commissioned by Summer 2023.

“We continue to draw on our long history of advanced engineering to be a cutting-edge provider of low carbon solutions and technology through our multiple product lines, each helping different types of customers in California and around the world to meet their energy needs while boosting the reliability of their energy supply, improving the predictability of energy costs and lowering their carbon footprint,” said Darren Jamison, Chief Executive Officer of Capstone Green Energy.

Two ultra-low emission Capstone ICHP C600S microturbine-based systems will provide 1.2 MWs of clean and resilient power, resulting in increased efficiency, enabling the manufacturer to reduce its carbon footprint while increasing operational efficiencies. The microturbines will be installed in a highly-efficient trigeneration application and supply energy in three forms: electricity, heat and chilled water. The application provides the best economic value to the customer and is designed to lower energy costs, increase resiliency and reduce greenhouse gas emissions.

“Cal Microturbine is extremely excited about the piqued interest and recent influx of Capstone microturbine's we've secured this year for California businesses,” said Ryan Brown, Chief Executive Officer at Cal Microturbine. “It seems that energy savvy businesses from all industries continue to see the value of incorporating Capstone Green Energy microturbines; to provide self-sufficient, clean, reliable, and low-cost power to their operation.”

“This order launches Cal Microturbine to a combined 8,240 kW of sold Capstone units to date in calendar 2022. And we are thrilled with the opportunity to continue our pilgrimage of converting as many businesses to Capstone Green Energy microturbine systems as possible for the advancement of their companies and the planet,” concluded Brown.

After a thorough analysis comparing various distributed generation technologies, operators ultimately chose low-emission Capstone microturbines as the ideal solution for their scalability, resiliency, and ability to reduce energy costs. In addition, Capstone's microturbine technology can be deployed in a number of weeks as opposed to months or years and at a cost typically lower than the local grid.

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.

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.. To date, Capstone has shipped over 10,000 units to 83 countries and estimates that, in FY21, it saved customers over $217 million in annual energy costs and approximately 397,000 tons of carbon. Total savings over the last three full fiscal years are estimated to be approximately $698 million in energy savings and approximately 1,115,100 tons of carbon savings.

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 expectations for green initiatives and execution on the Company's growth strategy 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 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 the impact of pending or threatened litigation. 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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DUBLIN--(BUSINESS WIRE)--The "Global Solar Energy Markets" report has been added to ResearchAndMarkets.com's offering.

The report is a compilation of existing reports in the solar energy market. The topics analyzed within the report include a detailed breakdown and analysis of the global markets for solar technologies by geography, technology and application.

Additionally, included are a review of the different technologies from second-generation and third-generation solar technologies such as Organic Photovoltaics (OPVs)/Plastic Solar Cells and Multi-junction Photovoltaics (MJPVs) and Concentrating Photovoltaics (CPVs) which are currently in commercial use; and a review of early-stage technologies that are beginning to see transfer from research to commercialization and major factors impelling and impeding the global growth.

The scope of this report extends to sizing of the solar energy market and an analysis of global market trends with market data for solar installations at global level in 2021, which is being considered as the base year, 2022 as the estimate year and forecast for 2027, with a projection of CAGRs from 2022 to 2027. Market data provided in volume is cumulative installed capacity. The report also provides the value in millions of U.S. dollars and which corresponds to the volume presented in this report.

The report focuses on assessment of solar energy technologies and an analysis of companies/manufacturers and the related system providers. Market dynamics such as drivers, restraints, and opportunities are also discussed in the report. The study forecasts the market value of the solar energy market for key technologies such as PV and CSP.

This report covers the technological, economic and business considerations of the solar industry, with analyses and forecasts provided for global markets. Included in the report are descriptions of market forces relevant to the solar industry and their areas of application.

This report considers the impact of COVID-19. In 2020, the growth rate of manufacturing industries around the world was severely affected by the pandemic. The COVID-19 pandemic halted progress in every regional economy. Various governments around the world are taking necessary measures to contain the economic slowdown.

Descriptive company profiles of the leading PV manufacturers, including ABB Power Generation, Canadian Solar Inc., LONGi Green Energy Technology, Jinko Solar, Tata Power Solar, and Trina Solar Co., Ltd.

Report Includes

• Analyses of the global and regional market trends with market revenue data for 2021, estimates for 2022, and projections of compound annual growth rates (CAGRs) through 2027
• Estimation of the actual market size for solar energy markets in value and volumetric terms, market forecast, and corresponding market share analysis by energy type, technology, application, and geographic region
• Discussion of the key market growth drivers, opportunities and restraints in the solar energy industry, regulatory dynamics, manufacturing trends, upcoming technologies, and future trends & innovations
• Examination of the industry value chain analysis providing a systematic study of key intermediaries involved, with emphasis on manufacturers, suppliers, and major users of these products
• Updated information on key mergers and acquisitions and other strategies in the solar electric power generation market
• Analysis of the competitive landscape of the major manufacturers and suppliers of PV modules based on recent developments and segmental revenues

Key Topics Covered:

Chapter 1 Introduction

Chapter 2 Summary and Highlights

Chapter 3 Market Overview

• Introduction
• Solar Irradiance
• Levelized Cost of Electricity (Lcoe)
• Market Dynamics
• Key Market Growth Drivers
• High Efficiency and Significant Cost Reductions
• Carbon Footprint Reduction
• Low Installation and Maintenance Costs
• Rising Energy Demand
• Continuing Movement to Reduce Dependence on Fossil Fuels for Power Generation
• Tax Incentives and Regulatory Assistance for the Growth of Solar Pv Technologies
• Building-Integrated Photovoltaic Applications (Bipvs)
• Key Market Growth Restraints
• Higher Module Cost and Limited Efficiency of Alternative Pv Modules
• Dominance of C-Si Modules Across All Applications
• Effects of Wet Climatic Conditions on Solar Panel Performance
• Key Market Growth Opportunities
• Application in Niche Areas
• Regulatory Trends
• Government Commitments to Environmental Measures
• Feed-In Tariffs
• Renewable Portfolio Standards (Rps)
• Power Purchase Agreements
• Production Tax Credits
• Solar Energy Technologies Program (Setp)
• Bipv Policies, Regulations and Incentive Programs in North America
• Bipv Policies, Regulations, and Incentive Programs in Europe and the Eu
• Bipv Policies, Regulations and Incentive Programs in China
• Manufacturing Trends
• Pv Module Manufacturing
• Concentrated Solar Power (Csp)
• Future Trends & Innovations
• Upcoming Technologies
• Organic Photovoltaics (Opvs)/Plastic Solar Cells
• Multi-Junction Photovoltaics (Mjpvs) and Concentrating Photovoltaics (Cpvs)
• Fourth-Generation Photovoltaic Solar Cells
• Solar Updraft Tower
• Perovskites Overview

Chapter 4 Global Solar Energy Market, Industry Value Chain

• Industry Value Chain
• Materials and Module Manufacturing
• Applications
• Operation and Maintenance
• End-Of-Life Management of Solar Pv
• Impact of Covid-19 on the Solar Energy Market
• Impact on Electricity Demand
• Impact on Solar Energy Market
• Raw Material Analysis
• Pricing Analysis
• Economics and Costs of Pv Installations
• Patent Analysis

Chapter 5 Global Market for Solar Pv Technologies

• Overview
• First-Generation Photovoltaics
• Second-Generation Photovoltaics
• Third-Generation Photovoltaics
• Fourth-Generation Photovoltaics
• History of Pv Technologies
• First-Generation Pv Technologies
• Overview of Alternative Solar Pv Technologies
• Second-Generation Photovoltaics
• Third-Generation Photovoltaics
• Fourth-Generation Solar Cells (4G)
• Applications of Solar Pv Technologies
• Building-Integrated Photovoltaics (Bipv)
• Advancements in Alternative Pv Technology

Chapter 6 Global Outlook for Solar Pv Technologies

• Global Market Size and Forecast
• North America Solar Pv Market
• U.S. Solar Pv Market
• Canada Solar Pv Market
• European Solar Pv Market
• Germany Solar Pv Market
• Italy Solar Pv Market
• Rest of Europe Solar Pv Market
• Asia-Pacific Solar Pv Market
• China Solar Pv Market
• Japan Solar Pv Market
• Rest of Asia-Pacific Solar Pv Market
• South America Solar Pv Market
• Middle East and Africa Solar Pv Market

Chapter 7 Global Market for Solar Thermal Technologies

• Overview
• Solar Heating Technologies
• History of Solar Heat Technologies
• Solar Heating Systems and Requirements
• Solar Water Heating Systems
• Solar Air Heating Systems
• Solar Heat Technologies
• Benefits of Solar Heat Technologies
• Current Interest in Solar Energy and Solar Heat Technologies

Chapter 8 Global Outlook for Concentrated Solar Power Technologies

• Concentrated Solar Power Technologies
• History of Concentrated Solar Power Technology
• Market Size and Forecast
• North America Csp Market
• Europe Csp Market
• Asia-Pacific Csp Market
• South America Csp Market
• Middle East and Africa Csp Market

Chapter 9 Global Market for Solar Photovoltaic Glass Technologies

• Overview
• Thin-Film Photovoltaics (Tpvs)
• Near-Infrared Transparent Solar Cells
• Polymer Solar Cell (Psc)
• Transparent Luminescent Solar Concentrator (Tlsc)
• Electrophoretic Deposition (Epd)
• Crystalline Silicon Photovoltaic Glass
• Amorphous Silicon Solar Glass
• Tempered Glass
• Anti-Reflective (Ar) Coatings
• Transparent Conductive Oxide (Tco) Coated Glass

Chapter 10 Competitive Landscape

• Company Market Share Analysis for Solar Pv
• Key Mergers & Acquisitions and Other Strategies in the Solar Electric Power Generation Market

Chapter 11 Company Profiles

• Solar Pv Companies
• 3S Swiss Solar Solutions
• Acciona
• Arzon Solar (Former Amonix Co.)
• Ascent Solar Technologies Inc.
• Canadian Solar Inc.
• Cogentrix Energy LLC
• Daqo New Energy
• Enphase
• First Solar Inc.
• Gcl Technology Holdings Co. Ltd.
• General Electric Co.
• Greatcell Solar
• Hanwha Qcells
• Hemlock Semiconductor Corp.
• Hilti Corp.
• Hitachi Ltd.
• Indosolar Ltd.
• Ja Solar Pv Technology Co. Ltd.
• Jinkosolar Holding Co. Ltd.
• Kaco New Energy GmbH
• Kyocera Corp.
• Longi Green Energy Technology Co. Ltd.
• Lumeta Solar
• Mage Sunovation GmbH
• Miasole
• Mitsubishi Heavy Industries Ltd.
• Mose Solar
• Motech Industries Inc.
• Oci Solar Power
• Onyx Solar Energy
• Renewable Energy Corp. (Rec)
• Saint-Gobain
• Satcon Technology Corp.
• Schneider Electric
• Sharp Corp.
• Siemens AG
• Sma Solar Technology AG
• Solar Factory GmbH (Solar Fabrik)
• Solar Frontier
• Solarworld
• Stat Kraft As
• Sunpower Corp.
• Suntech
• Suntrix
• Tata Power Solar
• Trina Solar Co. Ltd.
• Yingli Solar
• Solar Heating Company Profiles
• Unglazed Solar Collectors
• Flat Plate Solar Collectors
• Evacuated-Tube Solar Collectors
• Integral Collector-Storage Units
• Solar Air Collector
• Concentrated Solar Power Company Profiles
• Solar Reflective Films
• Solar Mirrors
• Solar Tube Receivers
• Central Tower Receivers
• Supporting Equipment: Motors, Drives, Controllers, Hydraulics
• Parabolic Trough Solar Collector Assemblies
• Fresnel Reflector Solar Collector Assemblies
• Parabolic Dishes
• Alternative Solar Photovoltaic Technology Companies
• Antec Solar GmbH
• Ascent Solar Technologies Inc.
• Avancis GmbH
• First Solar Inc.
• Flisom AG
• Hanergy Holding Group Ltd.
• Heliatek GmbH
• Heliotrop Sas
• Kaneka Corp.
• Manz AG
• Miasole Hi-Tech Corp.
• Microlink Devices Inc.
• Midsummer Ab
• Nanosolar Inc.
• Onyx Solar Energy
• Oxford Photovoltaics Ltd.
• Siva Power Inc.
• Solaronix Sa
• Solarworld Industries GmbH
• Solopower Systems Inc.
• Wurth Group

For more information about this report visit https://www.researchandmarkets.com/r/f7ldt4

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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NORWELL, Mass.--(BUSINESS WIRE)--Clean Harbors, Inc. (“Clean Harbors”) (NYSE: CLH), the leading provider of environmental and industrial services throughout North America, today announced that Chief Financial Officer Michael L. Battles, Chief Operating Officer Eric Gerstenberg, and SVP of Investor Relations Jim Buckley will be participating in a fireside chat at the Raymond James Diversified Industrials Conference.

Clean Harbors’ fireside chat will take place at 1:10 p.m. ET on Tuesday, August 23, 2022, and will be webcast live. To access the live or archived webcast, visit the “Investor Relations” portion of Clean Harbors’ website at www.cleanharbors.com.

About Clean Harbors

Clean Harbors (NYSE: CLH) is North America’s leading provider of environmental and industrial services. The Company serves a diverse customer base, including a majority of Fortune 500 companies. Its customer base spans a number of industries, including chemical, energy and manufacturing, as well as numerous government agencies. These customers rely on Clean Harbors to deliver a broad range of services such as end-to-end hazardous waste management, emergency spill response, industrial cleaning and maintenance, and recycling services. Through its Safety-Kleen subsidiary, Clean Harbors also is North America’s largest re-refiner and recycler of used oil and a leading provider of parts washers and environmental services to commercial, industrial and automotive customers. Founded in 1980 and based in Massachusetts, Clean Harbors operates in the United States, Canada, Mexico, Puerto Rico and India. For more information, visit www.cleanharbors.com and follow us on LinkedIn, Facebook and Twitter.

Michael L. Battles
EVP and Chief Financial Officer
Clean Harbors, Inc.
781.792.5100
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Jim Buckley
SVP Investor Relations
Clean Harbors, Inc.
781.792.5100
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The NineDot site, including the first Tesla Megapack system deployed in New York City, is a model for urban clean energy projects

NEW YORK--(BUSINESS WIRE)--NineDot Energy®, a leading developer of community-scale clean energy projects backed by global investment firm Carlyle, today unveiled its first battery energy storage site in the Bronx, New York City. With a 3.08 MW (megawatts)/12.32 MWh (megawatt-hours) Tesla Megapack system, a solar canopy, and infrastructure ready for bi-directional electric vehicle chargers, this NineDot Energy site is a model for how to develop future urban clean energy projects. Combined with the large NineDot Energy pipeline, this project also supports the company’s goal of delivering 400 MW of clean energy systems by 2026 that strengthen the local power grid and provide stable, reliable and resilient power to tens of thousands of New York City households and businesses.

“We are excited to formally cut the ribbon on our ‘Gunther’ Bronx battery energy storage site,” said David Arfin, NineDot Energy CEO and Co-founder. “Building battery storage sites in a dense urban environment requires an unusual set of skills and experience all brought together in NineDot Energy, as well as support from a wide range of visionary regulators and policy-makers and a terrific group of dedicated partners who we are thanking today.”

Doreen M. Harris, President and CEO, NYSERDA, said, “NYSERDA is proud to partner with companies like NineDot Energy that are committed to investing in energy storage projects that allow us to better integrate clean, renewable resources more efficiently. Once completed, this energy storage system will help to reduce electricity use from some of the dirtiest power plants in the Bronx during hot summer days and will serve as a model for how to advance similar projects in congested urban environments.”

“This project is special because it combines multiple technologies that will contribute to a clean energy future and make our region a leader in the fight against climate change,” said Vicki Kuo, Senior Vice President, Customer Energy Solutions, at Con Edison. “The ability of companies like NineDot to innovate, along with the commitment of Con Edison, our customers and other parties, will ensure that our State and City meet their environmental goals.”

NineDot Energy builds its battery storage sites in areas that sit at the intersection of existing infrastructure and high energy demand. “Taking a barely-used sliver of land in the Bronx, NineDot Energy created a breakthrough clean-energy site for this community,” said Adam Cohen, NineDot Energy Chief Technology Officer and Co-founder. “Finding the right sites requires a deep understanding of grid design and regulation along with extensive project-finance and decision-science skills, and we believe NineDot uniquely brings together all these capabilities in one innovative company.”

“There is a large and growing investment opportunity to support a more resilient electric grid while reducing carbon emissions,” said Pooja Goyal, Chief Investment Officer of Carlyle’s Infrastructure Group. “With the launch of the ‘Gunther’ Bronx battery energy storage site, our shared vision with the NineDot team has started to become a reality for New York City residents and businesses as we continue to support New York State’s mission to achieve its goal of 100% clean energy by 2040.”

With battery storage, the Gunther site not only makes the local grid more robust, but also integrates more clean energy into the grid during times of peak demand.

NineDot Energy is grateful for the support of many vendors, agencies and financial partners in bringing this project to completion, including the New York State Energy Research and Development Authority (NYSERDA), the New York Public Service Commission, Con Edison (NYSE: ED), the City of New York, the NYU Urban Future Lab, Endurant, Stem (NYSE:STEM), Tesla (NASDAQ:TSLA) and Carlyle (NASDAQ:CG). The project received $1.2 million from NYSERDA through its Retail Energy Storage Incentive Program and supports New York’s goal of 6,000 megawatts of energy storage by 2030.

About NineDot Energy

As a leading developer of community-scale energy projects, NineDot Energy creates innovative urban energy solutions that support a more resilient grid, deliver economic savings and reduce carbon emissions. NineDot Energy is currently focused on developing battery energy storage sites in the New York City metropolitan area while working to enable vehicle-to-grid (V2G) capabilities at many of our locations. NineDot Energy’s name derives from the classic mathematical puzzle for sparking out-of-the-box solutions; we are based at the NYU Urban Future Lab in Brooklyn, NY and backed by Carlyle. Learn more at nine.energy.

Karen Alter, 650-383-8552, This email address is being protected from spambots. You need JavaScript enabled to view it.