DUBLIN--(BUSINESS WIRE)--The "Global Oil and Gas Outlook, 2022" report has been added to ResearchAndMarkets.com's offering.
The oil and gas industry recovered strongly in 2021 after recording an all-time low in 2020 due to the COVID-19 pandemic. Oil prices in 2021 increased by 70.5% and reached a yearly average of $67.7 per barrel. Amid the geopolitical chaos and Russo-Ukrainian, the oil price rose to $117 per barrel in Q1 2022.
Despite the better-than-expected recovery in the oil and gas industry, uncertainty still looms due to changes in market dynamics in the coming years. This outlook study addresses the global market dynamics and implications in regional hot spots. As we move toward the second half of 2022, we observe that oil and gas companies are very disciplined with their capital spending, focusing more on their financial health, investing in more sustainable businesses, and committing toward climate change and transforming their business models.
The analyst has identified 5 major trends representing key pillars for growth within the oil and gas industry in the medium to long term:
Key Topics Covered:
1. Strategic Imperatives
2. Growth Environment
3. Research Scope and Segmentation
4. Global Oil and Gas Outlook
5. Oil and Gas Upstream Segment Outlook
6. Regional Predictions 2022
7. Growth Opportunity Universe
8. Key Conclusions
For more information about this report visit https://www.researchandmarkets.com/r/3klixo
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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NORTH FALMOUTH, Mass.--(BUSINESS WIRE)--Teledyne Marine, a business of Teledyne Technologies Incorporated (NYSE:TDY), announced today three major milestones for the organization.
This year, Teledyne Webb Research will produce and ship its 10,000 Advanced Profiling Explorer (APEX) profiling float. APEX floats, which have been in production since the 1990s, have been deployed around the globe to autonomously collect a variety of oceanographic data throughout the water column over an extended period of time. This data has contributed greatly to our understanding of ocean processes which drive ocean currents, weather, and ultimately contribute to our understanding of climate change through global programs like international Argo.
Teledyne Webb Research is also celebrating the production of its 1,000 Slocum Glider. The Slocum Glider, named after Joshua Slocum, the first person to sail solo around the world from 1895 through 1898, is an autonomous vehicle that employs variable-buoyancy propulsion instead of traditional propellers to collect long duration, large scale ocean measurements. Slocum gliders have been successfully providing the academic, commercial and defense communities with ocean monitoring and characterization for over two decades. These gliders help us understand the ocean world through measurements of temperature, pressure, salinity, oxygen levels, carbon dioxide levels, ocean acidification, marine life and many other parameters.
In addition to these production milestones, Teledyne has achieved yet another milestone with the successful completion and demonstration of its latest Autonomous Underwater Vehicle (AUV), the Teledyne Gavia Osprey. The Osprey is Teledyne’s new medium-sized (324 mm diameter hull) AUV, which is built for longer endurance missions (greater than 24 hours), deeper operations (up to 2,000 m), and more sophisticated payloads to serve commercial and defense markets for deep water survey inspection and defense applications. The Osprey joins the Teledyne family of AUVs including the 200 mm diameter Gavia and the 630 mm Sea Raptor.
Teledyne recently celebrated these major milestones with an event at its North Falmouth, Massachusetts vehicle manufacturing facility by honoring the founder of Teledyne Webb Research, Doug Webb, whose innovation and drive led to the creation of the buoyancy driven systems which have enabled many of these great achievements.
About Teledyne Webb Research
Teledyne Webb Research designs and manufactures scientific instruments for oceanographic research and monitoring with a focus on extended observations over both time and space. Teledyne Webb Research specializes in three areas of ocean instrumentation: neutrally buoyant, autonomous drifters and profilers, autonomous underwater gliding vehicles, and moored underwater sound sources. These systems are core to several major ocean monitoring programs including the international Argo array, the National Science Foundation Ocean Observatories Initiative and the U.S. Navy Littoral Battlespace Sensing-Glider (LBS-G) program of record. A Teledyne Webb Research Slocum glider, the Scarlet Knight, was the first unmanned vehicle to cross an ocean. To learn more, visit http://www.teledynemarine.com/webb-research/.
About Teledyne Gavia
Teledyne Gavia provides turnkey survey solutions to customers undertaking a variety of tasks for military, commercial and scientific applications. The Gavia AUV can carry an array of sensors and custom payload modules that make it perfect for any research, monitoring or surveillance task where autonomy, cost and ease of deployment matters. Its modular design allows for rapid sensor reconfiguration and battery replacement. Teledyne Gavia’s manufacturing facility comprises a 1,500 square meter building in Kopavogur, Iceland, with research, engineering, production, and sea trial facilities on Iceland’s North Atlantic coast. For more information, visit Teledyne Gavia’s website at www.teledynemarine.com/gavia.
About Teledyne Marine
Teledyne Marine is a group of leading-edge subsea technology companies that are part of Teledyne Technologies Incorporated. Through acquisitions and collaboration over the past ten years, Teledyne Marine has evolved into an industry powerhouse, bringing Imaging, Instruments, Interconnect, Seismic, and Vehicle technology together to provide total solutions to our customers. Each Teledyne Marine company is a leader in its respective field, with a shared commitment to providing premium products backed by unparalleled service and support. www.teledynemarine.com.
Teledyne Marine
Margo Newcombe
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HOUSTON--(BUSINESS WIRE)--Genesis Energy, L.P. (NYSE: GEL) announced today that, on July 12, 2022, the Board of Directors of its general partner declared a distribution on Genesis’ common units and 8.75% Class A Convertible Preferred Units attributable to the quarter ended June 30, 2022. These distributions will be paid on August 12, 2022 to holders of record at the close of business on July 29, 2022.
Each holder of common units will be paid a quarterly cash distribution of $0.15 ($0.60 on an annualized basis) for each common unit held of record. With respect to the preferred units, Genesis will pay a cash distribution of $0.7374 ($2.9496 on an annualized basis) for each preferred unit held of record.
Genesis Energy, L.P. is a diversified midstream energy master limited partnership headquartered in Houston, Texas. Genesis’ operations include offshore pipeline transportation, sodium minerals and sulfur services, onshore facilities and transportation and marine transportation. Genesis’ operations are primarily located in the Gulf Coast region of the United States, Wyoming and the Gulf of Mexico.
Genesis Energy, L.P.
Dwayne Morley
VP – Investor Relations
(713) 860-2536
TITAN joins Rondo Energy’s Series A financing round to accelerate carbon neutral industrial production
OAKLAND, Calif.--(BUSINESS WIRE)--TITAN Cement Group joins decarbonization and electrification investment leaders Breakthrough Energy Ventures and Energy Impact Partners in supporting Rondo Energy (“Rondo”) through its recent Series A financing round. The round supports Rondo’s scale-up of its innovative “heat battery” technology, aiming to provide new solutions for decarbonizing power generation and heavy industry, including cement manufacturing.
The Rondo Heat Battery uses established industrial technologies to transform renewable electricity into heat at 98% efficiency, exhibiting high scalability potential that’s cost competitive to current energy storage methods. In addition to supplying heat at temperatures of up to 1,500°C, the modular battery can store renewable energy generated during off-peak hours, ensuring grid load flexibility and achieving additional greenhouse gas emissions savings.
Rondo will use the Series A funding to establish its first manufacturing lines, proceed with industrial demonstrations and develop services for both heavy industry and energy producers.
TITAN will work in a technological partnership with Rondo to develop new concepts for decarbonizing industrial production, including cement, combining its significant expertise on sustainable and digital manufacturing with Rondo’s unique innovation in industrial decarbonization. Both companies look forward to working together towards carbon neutrality in cement production and to playing a leading role in building the infrastructure of the future.
Rondo’s thermal energy storage technology is of particular importance to cement manufacturing in the roadmap towards carbon neutrality. As energy transfer can take place using kiln flue gases, the carbon-neutral, high temperature heat can be used to produce clinker, as well as for the thermal activation of minerals and by-products, alleviating a significant part of the emissions originating from fossil fuels burning.
Furthermore, the heat battery can become a critical component of novel energy-intensive processes for decarbonization, such as carbon capture, green hydrogen generation and conversion of captured CO2.
“With vital support from TITAN and our partners, Rondo will unlock the availability of low-cost, zero-carbon, high-temperature heat, together setting a new standard for industrial decarbonization in energy-intensive industries,” said John O’Donnell, CEO of Rondo Energy. “With TITAN’s deep industry knowledge and expertise, Rondo is now accelerating the deployment of our heat batteries to help reach carbon neutral building materials production that decarbonizes global construction supply chains. Our relationship will also increase Rondo’s manufacturing capacity, while reducing the carbon footprint of our own materials.”
“Combining our expertise in sustainable and digitized manufacturing and our entrepreneurial approach to innovation, with Rondo’s breakthrough technology and globally unique partner ecosystem, we are confident that we can play a leading role in building the infrastructure of the future and accelerating the roadmap towards carbon neutrality of the construction value chain,” said Fokion Tasoulas, Group Innovation & Technology Director of TITAN. “We look forward to working with Rondo to bring our vision to reality.”
About TITAN Cement
TITAN Cement Group is a multiregional cement and building materials producer. Business activities cover the production, transportation and distribution of cement, concrete, aggregates, fly ash, mortars and other building materials. The Group employs about 5,400 people and is present in more than 15 countries, operating cement plants in 10 of them, the USA, Greece, Albania, Bulgaria, North Macedonia, Kosovo, Serbia, Egypt, Turkey and Brazil. Throughout its history the Group has aspired to serve the needs of society while contributing to sustainable growth with responsibility and integrity. For more information, visit the Group’s website at www.titan-cement.com.
About Rondo Energy
Rondo Energy makes industrial decarbonization possible — and profitable — today. The Rondo Heat Battery captures low-cost renewable electricity and delivers continuous high-temperature heat, enabling customers to power their operations with zero-carbon energy. Learn more at rondo.com.
Shreema Mehta
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DUBLIN--(BUSINESS WIRE)--The "Global Turboexpander Market Size, Share & Industry Trends Analysis Report By Product, By Loading Device, By Application, By End-use, By Power Capacity, By Regional Outlook and Forecast, 2022 - 2028" report has been added to ResearchAndMarkets.com's offering.
The Global Turboexpander Market size is expected to reach $1.3 billion by 2028, rising at a market growth of 4.5% CAGR during the forecast period.
A turboexpander is an axial-flow expander turbine that is used in process facilities to recover thermal energy from high-pressure gas streams and transform it into mechanical energy. The compressor or generator is powered by this mechanical energy. Turboexpander have recently gained popularity in the oil and gas industry for extracting hydrocarbon liquid from natural gas.
Turbo expanders are employed extensively in petrochemical applications such as nitrogen, hydrogen, and ethylene to liquefying natural gas. Oil and gas continue to dominate the energy landscape. Several countries are moving away from dirty energy sources. Natural gas is amongst the most suitable fossil fuel alternatives. It generates less carbon dioxide and burns cleaner than coal. As a result, operators are continually investing in boosting natural gas production, which might fuel the turboexpander market's expansion.
Moreover, the market is expected to rise due to continual technological developments in bearing technology and a greater demand for Active Magnetic Bearings (AMB) over oil-bearing in turboexpanders. An increase in industry awareness of the need to reduce Green House Gas (GHG) emissions is expected to further drive the demand for turboexpander in geothermal and heat recovery applications. The need for LNG for domestic uses, along with the resulting requirement to store and transport LNG, is predicted to increase the demand for turboexpander. Natural gas is regarded as a more environmentally friendly and dependable energy source.
Market Growth Factors
Liquid natural gas hydrocarbon extraction process utilize turboexpander
Natural gas is mostly composed of methane (CH4), with smaller amounts of heavier hydrocarbon gases including propane (C3H8), ethane (C2H6), and normal butane (nC4H10), isobutane (iC4H10), pentanes, and even higher molecular weight hydrocarbons. Acid gases such as hydrogen sulfide (H2S), carbon dioxide (CO2), and mercaptans such as methanethiol (CH3SH) and ethane thiol (ETH) are also present in crude gas (C2H5SH).
These heavier hydrocarbons are referred to as NGLs when they are turned into final products (natural gas liquids). Turboexpander and a low column extraction temperature are often used in the extraction of NGL also known as called demethanizer. In a heat exchanger, the incoming gas is compressed to around -51 C. The gas produced by the liquid combination is split into a liquid-gas stream and a stream. The flow of liquid travels through a valve and is subjected to an isenthalpic process that lowers the flow temperatures from about -51 C to about -81 C.
Advancement in the Turboexpander cold gas services
Low-temperature, refrigeration, and cryogenic services all require turbo-expanders. The primary purpose of such turbo-expanders is to minimize energy temperature in a high-pressure gas stream. Expansion cools the gas significantly while also supplying mechanical power to rotate tools to perform beneficial tasks. In some implementations, the turbo-expander is connected to a compressor, and the created work is used to compress the gas in the process. The turbo-expander and compressor are sometimes combined into a single machine with a single shaft. In much refrigeration, cryogenic and low-temperature gas applications, a turbo-expander can produce low-temperature gas significantly more effective than solutions such as a "Joule-Thomson" (JT) valve or others.
Market Restraining Factors
Presence of the Alternative Energy Recovery devices in the market
In between furnace/reactor and the ultimate end product, most process plants employ single- or multi-stage outflow systems. These systems lower the flow pressure while preserving the media's integrity. Energy is released in numerous phases when the pressure is reduced, allowing the flow to stabilize before reaching the desired product conditions or extrusion process downstream. Depending on the media and process conditions, let-down systems can use both control and isolation valves.
Scope of the Study
Market Segments Covered in the Report:
By Product
By Loading Device
By Application
By End-use
By Power Capacity
By Geography
Key Market Players
For more information about this report visit https://www.researchandmarkets.com/r/7huhyz
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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DUBLIN--(BUSINESS WIRE)--The "Japan Shipping Containers Market: Prospects, Trends Analysis, Market Size and Forecasts up to 2027" report has been added to ResearchAndMarkets.com's offering.
The country research report on Japan shipping containers market is a customer intelligence and competitive study of the Japan market. Moreover, the report provides deep insights into demand forecasts, market trends, and, micro and macro indicators in the Japan market.
Also, factors that are driving and restraining the shipping containers market are highlighted in the study. This is an in-depth business intelligence report based on qualitative and quantitative parameters of the market. Additionally, this report provides readers with market insights and a detailed analysis of market segments to possible micro levels. The companies and dealers/distributors profiled in the report include manufacturers & suppliers of the shipping containers market in Japan.
Segmentation Based on Container Size
Segmentation Based on Product Type
Segmentation Based on End User
Highlights of the Report
The report provides detailed insights into:
1) Demand and supply conditions of the shipping containers market
2) Factor affecting the shipping containers market in the short run and the long run
3) The dynamics including drivers, restraints, opportunities, political, socioeconomic factors, and technological factors
4) Key trends and future prospects
5) Leading companies operating in the shipping containers market and their competitive position in Japan
6) The dealers/distributors profiles provide basic information of top 10 dealers & distributors operating in (Japan) the shipping containers market
7) Matrix: to position the product types
8) Market estimates up to 2027
Key Topics Covered:
1. Report Overview
2. Executive Summary
3. Market Overview
4. Japan Shipping Containers Market by Container Size
5. Japan Shipping Containers Market by Product Type
6. Japan Shipping Containers Market by End User
For more information about this report visit https://www.researchandmarkets.com/r/vy6pod
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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DUBLIN--(BUSINESS WIRE)--The "Smart Poles Market - Forecasts from 2022 to 2027" report has been added to ResearchAndMarkets.com's offering.
Smart poles are advanced street poles that have numerous technologies and smart lightning, creating sustainability and better living facilities. The smart poles have numerous add-on features such as cameras, air-quality sensors, Wi-Fi facilities, a call button with an interactive display, and an EV charger.
The market is expected to grow at a healthy rate due to growing living standards, more investment in smart cities, and increased usage of electric vehicles. Furthermore, technological innovation in the industry is forecasted to further expand the market prospects.
Based on geography, the smart pole market is segmented into North America, South America, Europe, the Middle East and Africa, and the Asia Pacific. The North American and European markets for smart poles are anticipated to hold a dominating share of smart poles owing to the wider adoption of electric vehicles. Data from the IEA shows that the number of electric cars in the US surged from 0.2 million in the year 2015 to 1.1 million in 2020.
In the European region, electric car volumes reached 1.8 million in 2020, from 0.2 million in 2015. It is forecasted that the surging adoption of electric vehicles will grow at a lucrative rate in the European region, thus expanding the market. Moreover, the development of smart cities is also expected to increase the demand for smart poles. In Portugal, for instance, the government announced the installation of smart poles across the city of Algarve, which will have smart lighting, AI sensors, and other facilities. In North America, innovation and product launches in the EV sector are expected to create demand for charging points and hence demand for smart poles.
Infrastructure development and the construction of smart cities are expected to be the prime reasons that will encourage the adoption of smart poles in the Asia-Pacific region. Countries like China, Australia, India, Japan, and South Korea are undergoing infrastructure upgradation. The government has sanctioned and invested heavily in the construction of smart cities, creating market opportunities for smart poles.
Growth Factors
The growing electric vehicle industry supports the market for smart poles
One of the prime reasons supporting the growth in the smart pole market is the rising demand for electronic vehicles. Increasing climate concerns and a surge in global warming, along with a reduction in natural fuel reserves and demand for sustainable opportunities, have supported the market adoption of electric vehicles, hence creating the demand for smart poles.
Innovation and the launch of new products also expand the EV industry, supporting the market. Data from the IEA shows that in 2020, 82,000 new electric buses were registered, an increase of 10% from the previous year. Electric truck registration further surged to 7.400 units in the year. It is further expected that by 2030, 85% of 2- and 3- wheelers, 25% of heavy trucks, and 55% of buses operating globally will be electric.
The surge in the construction of smart cities
Another key factor that supports the market for smart poles is a surge in infrastructure development, which has led to a rise in the construction of smart cities, especially in the Asia-Pacific region. In China, the government has implemented numerous projects, such as the Made in China 2025 and China Standard 2035 plans, which support the development of smart cities in the country. In India, the government has invested significantly in developing 91 cities into smart cities. Australia is another prime country that has notably invested in the development of smart cities. Hence, it is forecasted that smart city construction will create notable opportunities for the market.
COVID-19 Insights
The coronavirus pandemic hampered the market growth of smart poles, lowering the growth potential. The global lockdowns implemented to contain the spread of the virus constrained the construction industry, thus delaying the installation of smart poles and reducing the market growth prospects. Furthermore, delays in projects owing to lower operational capacity also act as a hindrance. However, government support and investment in the sector are expected to drive the market post COVID.
Companies Mentioned
Market Segmentation:
By Component
By Facilities
By Geography
For more information about this report visit https://www.researchandmarkets.com/r/h1wtc5
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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RESTON, Va.--(BUSINESS WIRE)--CACI International Inc (NYSE: CACI) announced today that it was awarded a $557.8 million single-award task order under the Department of Defense Information Analysis Center Multiple Award Contract (IAC MAC) vehicle to provide mission expertise for the transition of modern digital tools into the U.S. Navy acquisition enterprise for the Navy’s Digital Integration Support Cell (DISC) and Naval Surface Warfare Center (NSWC) Crane.
CACI’s support includes analysis, development, and planning for the transition of programs of record into newly developed or updated technology systems. The team will leverage standards and practices necessary to integrate advanced capability into distributed maritime operations, supporting advanced mission kill chains in an integrated, interoperable environment.
CACI’s digital integration approach includes fusion and analysis capability, hardware conceptualization and proven DevSecOps processes to support the full lifecycle of capabilities.
“The multi-domain battlefield of today and tomorrow demands advanced, resilient capability that evolves at the speed of relevance,” said Todd Probert, President of National Security and Innovative Solutions at CACI. “Digital transformation using proven tools and processes supports the Navy’s critical mission to modernize maritime operations.”
NSWC Crane and DISC are integrating advanced ISR sensors and platforms with multi-use software suites that increase collaboration, extensibility, and interoperability for enhanced Distributed Maritime Operations. The IAC MAC DISC program addresses these digital transformation efforts for the Navy, while providing Scientific and Technical Information (STI).
About CACI
CACI’s approximately 22,000 talented employees are vigilant in providing the unique expertise and distinctive technology that address our customers’ greatest enterprise and mission challenges. Our culture of good character, innovation, and excellence drives our success and earns us recognition as a Fortune World's Most Admired Company. As a member of the Fortune 1000 Largest Companies, the Russell 1000 Index, and the S&P MidCap 400 Index, we consistently deliver strong shareholder value. Visit us at www.caci.com.
There are statements made herein which do not address historical facts, and therefore could be interpreted to be forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such statements are subject to factors that could cause actual results to differ materially from anticipated results. The factors that could cause actual results to differ materially from those anticipated include, but are not limited to, the risk factors set forth in CACI’s Annual Report on Form 10-K for the fiscal year ended June 30, 2021, and other such filings that CACI makes with the Securities and Exchange Commission from time to time. Any forward-looking statements should not be unduly relied upon and only speak as of the date hereof.
CACI-Contract Award
Corporate Communications and Media:
Lorraine Corcoran, Executive Vice President, Public Relations
(703) 434-4165, This email address is being protected from spambots. You need JavaScript enabled to view it.
Investor Relations:
Daniel Leckburg, Senior Vice President, Investor Relations
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Through the partnership with Svea Solar, Wallbox will be sold in Sweden, the Netherlands, Belgium, Spain and Germany.
BARCELONA, Spain--(BUSINESS WIRE)--Wallbox N.V. (NYSE: WBX), a leading provider of charging and energy management solutions for electric vehicles worldwide, and Svea Solar, one of Europe's fastest growing cleantech companies and Sweden's largest solar energy company, announce a new partnership. Wallbox will be the main EV-charging solution for Svea Solar’s consumer offer in Sweden, the Netherlands, Belgium, Germany, and Spain.
Svea Solar is a partner to IKEA in four European markets, offering solar systems to residential customers. As a result of the new partnership, Wallbox products will be sold alongside Svea Solar’s solar offering to complement users' home energy ecosystem and empower more people to switch to electric vehicles more easily.
Wallbox’s AC chargers all come standard with Eco–Smart, the company’s energy management software which allows users who have a PV-installation in their home to charge their EV with self-produced sustainable energy. Through the Wallbox app users can choose to charge their EV with 100% green energy from their home PV installation, or blend excess solar with grid power.
“With the drastic increase in energy prices we see a big interest among our customers to become more self-sufficient through clean energy sources. Through this partnership we will be able to offer our customers a smart solution where the car is charged at the right time, when consumption in the house is low and the sun is shining. Combined with our ecosystem of solar panels, batteries and renewable energy contracts, our consumers can drastically decrease their expenses and increase the amount of clean energy”, says Erik Martinson at Svea Solar.
"We are pleased to launch this new partnership with another innovation-driven company such as Svea Solar and help drive the transition to more sustainable energy and electric car use in the market. Working with Svea Solar will open doors to new consumer projects on an international level," says Masud Rabbani, Chief Business Officer of Wallbox.
With the partnership between Svea Solar and Wallbox, consumers are now given the opportunity to better control how they charge their electric vehicles and provides good opportunities to motivate more people to make their day to day lives greener. Switching to solar and EV simultaneously not only saves users in terms of lifetime costs, it accelerates the reduction of their climate footprint and reduces building pressure on the electricity grid.
About Wallbox
Wallbox is a global company, dedicated to changing the way the world uses energy in the electric vehicle industry. Wallbox creates smart charging systems that combine innovative technology with outstanding design and manage the communication between vehicle, grid, building and charger. Wallbox offers a complete portfolio of charging and energy management solutions for residential, semi-public and public use in more than 100 countries. Founded in 2015, with headquarters in Barcelona, Wallbox’s mission is to facilitate the adoption of electric vehicles today to make more sustainable use of energy tomorrow. The company employs approximately 1,000 people in Europe, Asia, and the Americas.
For additional information, please visit www.wallbox.com.
About Svea Solar
Svea Solar is one of Europe’s fastest-growing cleantech companies. Starting in 2014 Svea Solar now has operations in five markets in Europe with over 900 employees. Svea Solar offers a powerful solution for sustainable living with solar panel systems, batteries, electric car chargers, fossil-free electricity contracts, and a platform enabling customers to produce, consume and sell their power. In addition, Svea Solar develops large-scale energy production. Svea Solar aims for a world where everyone can be self-sufficient in clean energy. Svea Solar has operations in Sweden, Germany, Spain, Belgium, and the Netherlands. For more information: https://sveasolar.com/
Wallbox
Elyce Behrsin
Global PR Manager at Wallbox
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+34 673 310 905
Svea Solar
Lisa Erkander
Corporate communications Lead
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+46 73 0273748
HOUSTON--(BUSINESS WIRE)--Kinder Morgan, Inc. (NYSE: KMI) today announced it will release second quarter 2022 earnings results on Wednesday, July 20, 2022 after market close and will hold a live webcast and conference call.
What: Kinder Morgan Second Quarter ‘22 Earnings Results Webcast
When: July 20, 2022, at 3:30 p.m. CT, 4:30 p.m. ET
Where: http://ir.kindermorgan.com/presentations-webcasts
How: Live over the Internet by logging on to the web at the above address, or by phone (listen-only) by dialing 1-630-395-0178 and entering the passcode 8907369.
If you are unable to listen during the live webcast, the call will be archived at www.kindermorgan.com. A recording of the conference call will also be available for replay one hour after the call until the end of the day on August 20, 2022. To access the replay, please dial 1-203-369-3854 and enter passcode 94872.
About Kinder Morgan, Inc.
Kinder Morgan, Inc. (NYSE: KMI) is one of the largest energy infrastructure companies in North America. Access to reliable, affordable energy is a critical component for improving lives around the world. We are committed to providing energy transportation and storage services in a safe, efficient and environmentally responsible manner for the benefit of the people, communities and businesses we serve. We own an interest in or operate approximately 83,000 miles of pipelines, 141 terminals, and 700 billion cubic feet of working natural gas storage capacity. Our pipelines transport natural gas, refined petroleum products, renewable fuels, crude oil, condensate, CO2 and other products, and our terminals store and handle various commodities including gasoline, diesel fuel, renewable fuel feedstock, chemicals, ethanol, metals and petroleum coke. Learn more about our renewables initiatives on the low carbon solutions page at www.kindermorgan.com.
Media Relations
Dave Conover
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Investor Relations
(713) 369-9490
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www.kindermorgan.com
Enviva commits to work with families and landowners to achieve clear title, unlock sustainable land value, and advocate for public policy that supports land retention in the states in which the company operates
BETHESDA, Md.--(BUSINESS WIRE)--#Advocacy--Enviva Inc. (NYSE: EVA), the world’s largest producer of industrial wood pellets, announces the establishment of the Enviva Heirs Property Fund (EHPF), an initiative dedicated to ending involuntary land loss across the U.S. Southeast. Today, Enviva formally commits $250,000 on an annual basis to provide support to landowning families in the U.S. Southeast through direct financial support for professional services, identifying pathways for families to capture sustainable land value, and through public policy advocacy at the state and federal levels. EHPF’s efforts will begin in 2022 in Mississippi and North Carolina, and will expand to include direct financial aid to landholders incrementally throughout Enviva’s operational footprint in the coming years, in addition to the national policy work currently underway.
The issue of heirs property predominantly affects southern Black landholders, and has been a significant driver of Black land loss over the last century. The Federation of Southern Cooperatives, a non-profit association of Black farmers, landowners, and cooperatives, estimates that 60 percent of African American-owned land in the South is held as heirs property, and from 1910 to 2007, it is estimated that Black farmers lost approximately 80 percent of their land, from about 20 million acres to about 1.9 million acres today.
“Since our founding, Enviva has been unrelenting in our commitment to make a positive impact in the communities we call home. Today’s launch of the Enviva Heirs Property Fund is one example of how we plan to make lasting progress across the U.S. Southeast today, tomorrow, and for generations to come,” said John Keppler, Enviva Chairman and Chief Executive Officer. “As a values-driven company, we care about people first, from our associates and partners to our customers and communities. I am proud Enviva is playing a pivotal role in the journey to end involuntary land loss for disenfranchised families across the United States.”
To eliminate the systemic hurdles resulting in involuntary land loss, the Enviva Heirs Property Fund will act on the following three functions for landowners:
Enviva recognizes there are well-established groups who have been working in this space for decades, and therefore will continue to partner with existing regional groups to address involuntary land loss issues. Current partners include the Roanoke Electric Cooperative (NC), North Carolina Central University, North Carolina A&T University’s Small Farms Resource and Innovation Center (SFRIC), Winston County Self Help Cooperative (MS), the Center for Heirs’ Property Preservation (SC) and the Federation of Southern Cooperatives, to name a few.
“More than 100 years of systemic injustice and antiquated property laws have robbed southern families of billions of dollars in generational wealth because of heirs property status,” said Don Calloway, Vice President of Equity, Inclusion and Impact at Enviva. “As one of the world’s leading bioenergy and sustainability companies, Enviva has always worked with landowning families to maximize the value of their land. That process starts with helping families secure their land. We are proud to formalize our longtime efforts to marshal resources to reverse that trend and help secure family farms and the generational financial security they provide.”
Launching EHPF is the first step of many that Enviva is taking to address a pertinent problem spanning across the U.S. Southeast. Later this summer, Enviva is hosting the inaugural Heirs Property Policy Forum in Washington, D.C. to bring together legislators, landowners, community partners, and relevant organizations to create and deploy a unified policy agenda on heirs property.
To learn more about EHPF, visit www.heirsproperty.com. If you are a landowner in need of assistance, a legislator seeking information, or a professional service offering guidance, please contact This email address is being protected from spambots. You need JavaScript enabled to view it..
About Enviva
Enviva Inc. (NYSE: EVA) is the world’s largest producer of industrial wood pellets, a renewable and sustainable energy source produced by aggregating a natural resource, wood fiber, and processing it into a transportable form, wood pellets. Enviva owns and operates ten plants with a combined production capacity of approximately 6.2 million metric tons per year in Virginia, North Carolina, South Carolina, Georgia, Florida, and Mississippi, and is constructing its 11th plant, which will be located in Epes, Alabama. Enviva sells most of its wood pellets through long-term, take-or-pay off-take contracts with creditworthy customers in the United Kingdom, the European Union, and Japan, helping to accelerate the energy transition and to decarbonize hard-to-abate sectors like steel, cement, lime, chemicals, and aviation fuels. Enviva exports its wood pellets to global markets through its deep-water marine terminals at the Port of Chesapeake, Virginia, the Port of Wilmington, North Carolina, and the Port of Pascagoula, Mississippi, and from third-party deep-water marine terminals in Savannah, Georgia, Mobile, Alabama, and Panama City, Florida.
To learn more about Enviva please visit our website at www.envivabiomass.com. Follow Enviva on social media @Enviva.
Jacob Westfall
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Edge Computing is essential for business-critical data and processes in monitor and control, supply chain, manufacturing execution and batch management, asset performance management, and access control
MAYNARD, Mass.--(BUSINESS WIRE)--Stratus Technologies, a global leader in simplified, protected, and autonomous Edge Computing platforms, and Espalier, a specialized strategy analytics consulting firm, today shared market research identifying key use cases and industries projected to drive Edge Computing adoption up to 46% through 2026. The findings project strong market demand for simple, protected, autonomous Edge Computing solutions as part of combined software and hardware architectures required for business-critical processes in monitor and control, supply chain, manufacturing execution systems (MES) and batch management, asset performance management (APM), and access control use cases.
In completing a comprehensive study of the global Edge Computing market, Espalier’s global team of strategists and analysts applied advanced analytics to define markets and technology adoption. Incorporating primary and secondary research and proprietary analytics, the study projects growth of Edge Computing and related technologies across industries over a five-year period.
“For nearly 20 years, Espalier has studied the edge compute market worldwide, and there’s no question edge is approaching a key inflexion point, post-pandemic. Enterprises across verticals are looking to complement prior cloud deployments by transforming how they collect data and manage critical processes at the edge with the highest levels of reliability,” said Dr. Inder Thukral, CEO of Espalier.
“In that context, our collaboration with Stratus examined five-year market growth for edge, based on value of technology disruption, business-critical use cases, requirements for fault tolerance and reliability, market sizing by industry need, and regional variances. We believe Stratus’ Edge Computing platforms and services combined are well positioned to support the broad opportunity, estimated at up to 46% growth, for those industries pursuing digital transformation at the Edge.”
OT Edge Automation to Lead Edge Computing Growth Post-COVID
The research assessed a range of Edge Computing use cases for horizontal Industry 4.0 technologies such as IoT devices and platforms, artificial intelligence (AI) and analytics, cybersecurity, augmented reality (AR)/virtual reality (VR) as well as traditional enterprise software workloads in industrial and non-industrial verticals. Applications were grouped by operations technology (OT) and information technology (IT) and reveal growth for three segments:
Critical Use Cases and Industries to Benefit from Edge Transformation
As organizations digitally transform, Edge Computing solutions are critical to ensuring uptime as well as providing key insights and visibility into daily processes at the location where products are being made and customers are being served. The most immediate Edge Computing use cases driving adoption include:
The research also identifies these use cases as being of high value in select industries, notably:
Education with the Stratus Edge Computing Experience
To illustrate the wide range of Edge Computing use cases and environments in industrial automation, Stratus developed the Stratus Edge Computing Experience (ECX) which provides end users, Solution Builders, OEMs, and SIs an immersive experience to explore edge automation.
To learn more about Stratus’ Edge Computing platforms please visit www.stratus.com.
Additional Resources
About Espalier
Espalier is a specialized strategy analytics consulting firm enabled by technology and was born out of the conviction that high stakes decision making requires expertise in both the strategy craft and AI technologies. Our tech-enabled service is built on a proprietary AI platform that collects, contextualizes, and analyzes multiple streams of data and signals – utilizing innovative taxonomies, ontologies, knowledge graphs, natural language processing, machine learning and graph analytics in support of the craft of strategy. Since 2011, we have advised several Fortune 1000 companies, investment banks, private equity firms to understand and exploit market opportunities. For more information, please visit us at https://www.espalier.ai/
About Stratus
For leaders digitally transforming their operations to drive predictable, peak performance with minimal risk, Stratus ensures the continuous availability of business-critical applications by delivering zero-touch Edge Computing platforms that are simple to deploy and maintain, protected from interruptions and threats, and autonomous. For 40 years, we have provided reliable and redundant zero-touch computing, enabling global Fortune 500 companies and small-to-medium sized businesses to securely and remotely turn data into actionable intelligence at the Edge, cloud and data center – driving uptime and efficiency. For more information, please visit www.stratus.com or follow on Twitter @StratusAlwaysOn and LinkedIn @StratusTechnologies
Kristin Albano
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Victoria Newell, V2 Communications for Stratus Technologies
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Innovative “virtual power plant” technology supports decentralized electric grid of the future
LAHAINA, Hawaii--(BUSINESS WIRE)--The American-Made Solar Prize, a multimillion-dollar competition funded by the U.S. Department of Energy (DOE) and administered by the National Renewable Energy Laboratory (NREL), has selected Mana Monitoring as a finalist in the Solar Prize Round 5 Hardware Track. Mana Monitoring, a high-quality provider of advanced energy monitoring and asset management solutions, was awarded funds to further the development of its solar site controller technology, MeDER.
By advancing to the final phase of the competition, Mana Monitoring can work directly with members of the American-Made Network, a collection of more than 250 organizations that support competitors, to further develop its innovations in a way that addresses real-world challenges of the solar market. The collaboration with NREL includes the opportunity to validate MeDER’s utility interoperability as well as natively integrate the critical security standards needed to support a stable, secure decentralized electric grid of the future. Mana Monitoring will also seek to deploy MeDER across utility territories that have or are preparing to roll out ancillary services like virtual power plants (VPP).
“We’re honored to be among the Solar Prize finalists, recognized for our meaningful advancements in a clean energy future,” said Zoltan Milaskey, president of Mana Monitoring. “With our state-of-the-art, AI-enabled technology, we can now synchronize infinite assets like solar, electric vehicles and battery storage with the utility grid to create virtual power plants that improve grid stability and increase a facility’s revenue streams.”
The Mana Enabled Distributed Energy Resources (MeDER) site controller is designed to address a gap within the rapidly evolving electric vehicle (EV) market between EV charging, on-site solar and a facility’s energy load. Mana Monitoring’s MeDER device intelligently controls EV charging to eliminate peak demand contribution, reduce stress on a facility’s existing electric infrastructure and promote a solar-first approach. When aggregated, MeDER can also mediate peak load stress on the utility grid infrastructure.
Mana Monitoring was selected as one of 10 Hardware Track finalists after making significant advancements since the start of the competition, including validating RS-485 communications with three industry leading meter manufacturers – eGauge, Veris and Elkor’s Wattson. The final competition event will take place in September 2022, when Mana Monitoring will showcase the evolution of their work and be evaluated on a range of criteria, including the success of its product’s development and ability to garner a committed pilot partner.
Managing more than 500 MW of energy nationally, Mana Monitoring provides energy asset management solutions for commercial and industrial (C&I), government and utility sectors throughout U.S. and Latin American territories. Specializing in energy SaaS solutions that aggregate solar PV and renewable energy portfolios, Mana Monitoring equips C&I asset owners with comprehensive monitoring, reporting, off-taker billing and more for multiple energy systems in one centralized dashboard.
About Mana Monitoring
Mana Monitoring helps energy professionals in the commercial, government and utility sectors attain their renewable-energy objectives. The Mana Monitoring Platform is a single-source aggregator and asset management solution that is flexible, scalable and compatible with a wide range of solar PV and grid edge distributed energy resources. For commercial property owners/managers, Mana’s Energy Platform provides a real-time energy data and reporting solution designed for managers. For solar companies, PPA owners/asset managers and energy utilities, Mana Monitoring provides comprehensive monitoring and reporting services to ensure their renewable-energy assets are operating at peak performance. Headquartered in Maui, Hawaii, Mana Monitoring is privately held. For more information, visit manamonitoring.com.
About the American-Made Solar Prize
The American-Made Solar Prize is a multimillion-dollar prize competition designed to energize U.S. solar innovation through a series of contests that accelerate the entrepreneurial process from years to months. Competitors leverage the American-Made Network, an innovation engine of more than 250 organizations, including world-class experts at the Energy Department’s 17 national labs, clean tech accelerators, incubators, universities, facilities, and more. The Solar Prize is directed and administered by the National Renewable Energy Laboratory and is funded by the U.S. Department of Energy Solar Energy Technologies Office. Learn more.
Christine Bennett for Mana Monitoring
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HALIFAX, Nova Scotia--(BUSINESS WIRE)--Today Emera (TSX: EMA) announced that it will release its Q2 2022 results on Wednesday, August 10, 2022, before markets open. The Company will host a teleconference and webcast the same day at 9:30 a.m. Atlantic (8:30 a.m. Eastern) to discuss the results.
Analysts and other interested parties in North America are invited to participate by dialing 1-888-886-7786. International parties are invited to participate by dialing 1-416-764-8658. Participants should dial in at least 10 minutes prior to the start of the call. No pass code is required.
A live and archived audio webcast of the teleconference will be available on the Company's website, www.emera.com. A replay of the teleconference will be available on the Company’s website two hours after the conclusion of the call.
About Emera Inc.
Emera Inc. is a geographically diverse energy and services company headquartered in Halifax, Nova Scotia, with approximately $34 billion in assets and 2021 revenues of more than $5.7 billion. The company primarily invests in regulated electricity generation and electricity and gas transmission and distribution with a strategic focus on transformation from high carbon to low carbon energy sources. Emera has investments in Canada, the United States and in three Caribbean countries. Emera’s common and preferred shares are listed on the Toronto Stock Exchange and trade respectively under the symbol EMA, EMA.PR.A, EMA.PR.B, EMA.PR.C, EMA.PR.E, EMA.PR.F, EMA.PR.H, EMA.PR.J and EMA.PR.L. Depositary receipts representing common shares of Emera are listed on the Barbados Stock Exchange under the symbol EMABDR and on The Bahamas International Securities Exchange under the symbol EMAB. Additional information can be accessed at www.emera.com or at www.sedar.com.
Emera Inc.
Investor Relations
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902-474-2126
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GOTHENBURG, Sweden--(BUSINESS WIRE)--Polestar (Nasdaq: PSNY), the premium electric performance car company, announces a robust performance for the first half of 2022 with record deliveries and a very strong order book. Continued development in existing and new markets is driving substantial growth in customer demand.
The Swedish company, which listed on the Nasdaq New York stock exchange in late June, delivered approximately 21,200 cars in the first six months of 2022, more than doubling deliveries from 9,510 cars in the same period in 2021 – an increase of almost 125%.
Global order take rose to 50,000 since the start of 2022, up more than 350% year-on-year, as the company continues to see strong customer demand as well as booking the first portion of Hertz orders. With this strong performance, Polestar reaffirms its full year target of delivering 50,000 cars.
“It is great to see that the number of enthusiastic Polestar 2 customers is growing so quickly,” says Polestar CEO Thomas Ingenlath. “I am very confident that the strong momentum we have seen this year in brand awareness and sales figures will accelerate powerfully in the coming years as more ground-breaking cars are revealed.”
Polestar expanded its global presence during the first six months of 2022 from 19 markets to 25, while the number of retail locations rose from 103 to 125 around the globe, with approximately 30 more expected to open by the end of 2022. This increased retail presence drove the number of test drives up by over 210%, a key indication of growing consumer interest in the brand.
The company also announced that following prolonged government mandated COVID-19 lockdowns in China during the first half of 2022- which delayed production of Polestar vehicles- it is now pushing on with the introduction of a second shift in the factory. This will recover some of the production lost earlier in the year and clear the path for future growth.
The next major step for Polestar will be its entry into the SUV segment with the global launch of the electric performance SUV, Polestar 3, in October. The SUV market is one of the highest growth and margin segments in the automotive industry, especially in the United States. Customers can expect to be able to order Polestar 3 on the day of the premiere in October.
“Polestar 3 will stand out amongst other SUV offerings and boost our growth trajectory. It also represents the expansion of our manufacturing footprint into the United States as we become even more global. It is an important next step towards our goal of selling 290,000 cars in 2025 – ten times more than we sold in 2021,” concludes Thomas Ingenlath.
About Polestar
Polestar Automotive Holding UK PLC (Nasdaq: PSNY) (“Polestar”) is a Swedish premium electric vehicle manufacturer. Founded by Volvo Car AB (publ.) (together with its subsidiaries, “Volvo Cars”) and Zhejiang Geely Holding Group Co., Ltd (“Geely”), in 2017, Polestar enjoys specific technological and engineering synergies with Volvo Cars and benefits from significant economies of scale as a result.
Polestar is headquartered in Gothenburg, Sweden, and its vehicles are currently available and on the road in markets across Europe, North America, China and Asia Pacific. By 2023, the company plans that its cars will be available in an aggregate of 30 markets. Polestar cars are currently manufactured in two facilities in China, with additional future manufacturing planned in the USA.
Polestar has produced two electric performance cars. The Polestar 1 was built between 2019 and 2021 as a low-volume electric performance hybrid GT with a carbon fibre body, 609 hp, 1,000 Nm and an electric-only range of 124 km (WLTP) – the longest of any hybrid car in the world at the time.
The Polestar 2 electric performance fastback is the company’s first fully electric, high volume car. The Polestar 2 model range includes three variants with a combination of long- and standard range batteries as large as 78 kWh, and dual- and single-motor powertrains with as much as 300 kW / 408 hp and 660 Nm.
From 2022, Polestar plans to launch one new electric vehicle per year, starting with Polestar 3 – the company’s first electric performance SUV which is expected to debut in October 2022. Polestar 4 is expected to follow in 2023, a smaller electric performance SUV coupe.
In 2024, the Polestar 5 electric performance 4-door GT is planned to be launched as the production evolution of Polestar Precept – the manifesto concept car Polestar released in 2020 that showcases the brand’s future vision in terms of design, technology, and sustainability. As the company seeks to reduce its climate impact with every new model, Polestar aims to produce a truly climate-neutral car by 2030.
In early March 2022, Polestar revealed its second concept car, an electric performance roadster which builds on the design, technology and sustainability ambitions laid out by Precept and showcases the brand’s vision for future sports cars. The hard-top convertible presents an evolution of the unique design language first shown by Precept and emphasises a dynamic driving experience. The concept further develops the focus on sustainability and technology, aiming towards greater circularity.
Forward-Looking Statements
Certain statements in this press release (“Press Release”) may be considered “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally relate to future events or the future financial or operating performance of Polestar. For example, projections of revenue, volumes and other financial or operating metrics are forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “may,” “should,” “expect,” “intend,” “will,” “estimate,” “anticipate,” “believe,” “predict,” “potential,” “forecast,” “plan,” “seek,” “future,” “propose” or “continue,” or the negatives of these terms or variations of them or similar terminology. Such forward-looking statements are subject to risks, uncertainties, and other factors which could cause actual results to differ materially from those expressed or implied by such forward looking statements.
These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by Polestar and its management, as the case may be, are inherently uncertain. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: (1) Polestar’s ability to maintain agreements or partnerships with its strategic partners Volvo Cars and Geely and to develop new agreements or partnerships; (2) Polestar’s ability to maintain relationships with its existing suppliers, and source new suppliers for its critical components, and to complete building out its supply chain, while effectively managing the risks due to such relationships; (3) Polestar’s reliance on its partnerships with vehicle charging networks to provide charging solutions for its vehicles and its strategic partners for servicing its vehicles and their integrated software; (4) Polestar’s reliance on its partners to manufacture vehicles at a high volume, some of which have limited experience in producing electric vehicles, and on the allocation of sufficient production capacity to Polestar by its partners in order for Polestar to be able to increase its vehicle production capacities; (5) competition, the ability of Polestar to grow and manage growth profitably, maintain relationships with customers and suppliers and retain its management and key employees; (6) Polestar’s estimates of expenses and profitability; (7) increases in costs, disruption of supply or shortage of materials, in particular for lithium-ion cells or semiconductors; (8) the possibility that Polestar may be adversely affected by other economic, business, and/or competitive factors; (9) the effects of competition and the high barriers to entry in the automotive industry, and the pace and depth of electric vehicle adoption generally on Polestar’s future business; (10) changes in regulatory requirements, governmental incentives and fuel and energy prices; (11) the outcome of any legal proceedings that may be instituted against Polestar or others; (12) the ability to meet stock exchange listing standards; (13) risks associated with changes in applicable laws or regulations and with Polestar’s international operations; (14) Polestar’s ability to establish its brand and capture additional market share, and the risks associated with negative press or reputational harm, including from lithium-ion battery cells catching fire or venting smoke; (15) delays in the design, manufacture, launch and financing of Polestar’s vehicles and Polestar’s reliance on a limited number of vehicle models to generate revenues; (16) Polestar’s ability to continuously and rapidly innovate, develop and market new products; (17) risks related to future market adoption of Polestar’s offerings; (18) risks related to Polestar’s distribution model; (19) the impact of the global COVID-19 pandemic, inflation, interest rate changes, the ongoing conflict between Ukraine and Russia, supply chain disruptions and logistical constraints on Polestar, Polestar’s projected results of operations, financial performance or other financial and operational metrics, or on any of the foregoing risks; and (20) other risks and uncertainties set forth in the section entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in Polestar’s Form 20-F, and other documents filed, or to be filed, with the SEC by Polestar. There may be additional risks that Polestar presently does not know or that Polestar currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements.
Nothing in this Press Release should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. Polestar assumes no obligation to update these forward-looking statements, even if new information becomes available in the future.
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Hard Rock Chapter House in Navajo Nation is Now Powered by Clean, Resilient and Affordable Energy
HOUSTON--(BUSINESS WIRE)--Sunnova Energy International Inc. ("Sunnova") (NYSE: NOVA), Generac Power Systems, Inc. (“Generac”) (NYSE: GNRC), and San Francisco based non-profit, Empowered by Light (EBL), have partnered to bring resilient and clean energy to the Hard Rock Chapter House in the Navajo Nation with a free solar + battery storage system and 25 years of Sunnova’s industry leading service.
“For many years now, our people have been opposed to coal mining on our lands and we still feel the effects of the mining today. With this new project, we can finally shift to renewables and show our entire community the benefit s and resilience of nature by harnessing clean energy from the sun to power our daily activities at the Chapter House, while combating climate change,” said Jay Begay, Hard Rock Chapter House President, Navajo Nation. “Our community relies on the essential services provided at the Chapter House because we live in a very remote area. The Chapter’s goal is to continuously develop these services, and with the extra bill savings from our new solar + storage system, we aim to do just that – expand and better our resources for the people we serve.”
“The Hard Rock Chapter House serves as a central meeting place where the Navajo community is able to gather and this project was a chance for us to help make an impact by providing clean, reliable power, while also reducing their electricity bills to help them reinvest the savings to strengthen their community,” said Kelsey Hultberg, EVP, Communications and Sustainability, Sunnova. “We’re honored that we were able to help create a first of its kind solar + storage system in the Navajo Nation that includes our service. Even though the Chapter House is remote, in times of need this system will play a critical role in ensuring the community will have clean and reliable back-up power for years to come.”
To bring this project to life, Sunnova worked with Fusion Power, a Sunnova Dealer, to design a top-of-the-line Sunnova SunSafe® solar + storage system to meet the needs of the community. Sunnova and Generac worked together to equip and fund the 18-kilowatt solar system and 36kWh PWRcell™ energy storage system. Sunnova is providing a 25-year bumper-to-bumper Sunnova Protect® service warranty for the entire system.
“Generac is proud to support the Navajo Nation and help ensure that the community has much-needed resiliency and power when the sun isn’t shining,” said Keith Marett, President, Clean Energy – Commercial, Generac Power Systems. “Batteries allow for self-sufficiency in a way that solar alone doesn’t. The addition of a Generac PWRcell energy storage system to the solar installation means that the lights will stay on and the water will continue to run, even when the grid goes down.”
Through EBL, Sunnova identified this project as a key candidate for Sunnova’s adaptive solar + storage solution, with the goal of offsetting the Chapter House’s electricity bills and providing resiliency for the community. With over 270 sunny days a year, the Navajo Nation is the largest contiguous premium solar resource area in the Western United States, according to ScienceDirect. This abundant clean energy resource can power scalable solar installations like the solar + storage system, and create not only savings, but also promote solar as an education, work force development and cultural preservation tool.
“About 14,000 Navajo families are still living without access to electricity, so in addition to having more resources for the community thanks to the utility bill savings from the Sunnova system, the Chapter House can continue serving as a great resource for the community when the grid fails,” said Moira Hanes, Executive Director and Co-Founder, EBL. “Community members can continue to gather, and also cook food, get emergency supplies, and stay warm in the winter since many homes don’t have a heat source.”
A Chapter House is similar to a town council where community members can gather for key meetings and have access to services, like distribution of hay, free trash disposal, faxing, printing, notarizing, blading unpaved roads, and more. Instead of having to drive long periods of time outside the reservation to complete daily tasks, residents are able to stay local and even save money on gas.
Forward Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements generally relate to future events or Sunnova’s future financial or operating performance. In some cases, you can identify forward-looking statements because they contain words such as “may,” “will,” “should,” “expect,” “plan,” “anticipate,” “going to,” “could,” “intend,” “target,” “project,” “contemplates,” “believe,” “estimate,” “predict,” “potential” or “continue” or the negative of these words or other similar terms or expressions that concern Sunnova’s expectations, strategy, priorities, plans or intentions. Forward-looking statements in this press release include, but are not limited to, statements regarding the savings and other benefits provided by the solar and battery storage systems. Sunnova’s expectations and beliefs regarding these matters may not materialize, and actual results in future periods are subject to risks and uncertainties that could cause actual results to differ materially from those projected, including risks regarding our ability to forecast our business due to our limited operating history, the effects of the coronavirus pandemic on our business and operations, results of operations and financial position, our competition, changes in regulations applicable to our business, fluctuations in the solar and home-building markets, availability of capital, supply chain uncertainty, our ability to attract and retain dealers and customers and our dealer and strategic partner relationships. The forward-looking statements contained in this press release are also subject to other risks and uncertainties, including those more fully described in Sunnova’s filings with the SEC, including our Annual Report on Form 10-K for the year ended December 31, 2021 and our subsequent Quarterly Reports on Form 10-Q. The forward-looking statements in this press release are based on information available to Sunnova as of the date hereof, and Sunnova disclaims any obligation to update any forward-looking statements, except as required by law.
About Sunnova
Sunnova Energy International Inc. (NYSE: NOVA) is a leading energy service provider with customers across the U.S. and its territories. Sunnova's goal is to be the source of clean, affordable and reliable energy with a simple mission: to power energy independence so that homeowners have the freedom to live life uninterrupted®.
For more information, please visit sunnova.com
About Generac
Generac Power Systems, Inc. (NYSE: GNRC) is a leading energy technology company that provides advanced power grid software solutions, backup and prime power systems for home and industrial applications, solar + battery storage solutions, virtual power plant platforms and engine- and battery-powered tools and equipment. Founded in 1959, Generac introduced the first affordable backup generator and later created the category of automatic home standby generator - a market in which nearly eight of ten generators sold is a Generac. The company is committed to sustainable, cleaner energy products poised to revolutionize the 21st century electrical grid.
About Empowered by Light
Empowered by Light is a U.S. 501(c)3 organization empowering vulnerable communities on the frontlines of climate change, wildlife loss and environmental devastation. EBL has completed more than 50 solar and energy storage projects in nine countries--including eight in Sub-Saharan Africa, 21 in Puerto Rico, 14 in the Amazon and four for Native American communities in the U.S. EBL’s projects are helping school-age children study better, supporting conservation and wildlife protection efforts, and building more resilient communities. Visit empoweredbylight.org to learn more.
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AUSTIN, Texas--(BUSINESS WIRE)--Terradepth and The Nippon Foundation-GEBCO Seabed 2030 project have announced a new partnership which will utilize Terradepth's geospatial data portal known as Absolute Ocean. Seabed 2030 will use Absolute Ocean as a data visualization and exploration tool as part of the international effort to map the entire ocean floor. The announcement was made on the heels of the 2022 United Nations Ocean Conference in Lisbon, Portugal.
Seabed 2030 is a collaborative project between The Nippon Foundation in Japan and the General Bathymetric Chart of the Oceans (GEBCO) with the mission of inspiring 100% mapping of the ocean floor and making it freely available to all by 2030. GEBCO is a joint program of the International Hydrographic Organization (IHO) and the Intergovernmental Oceanographic Commission of UNESCO (IOC-UNESCO). Seabed 2030 comprises five Data Centers – four Regional Centers and one Global Center – which are responsible for coordinating and assembling mapping data.
In addition to producing and delivering global GEBCO products, the Seabed 2030 Global Center is also a Trusted Node for receipt of citizen-sourced data in support of IHO’s Crowdsourced Bathymetry (CSB) initiative which encourages government, academic and privately owned vessels, including superyachts and fishing boats, to participate in increasing our knowledge of the ocean by sharing depth measurements from navigation instruments.
Terradepth’s Absolute Ocean portal will provide Seabed 2030 with a secure platform to allow data contributors to visualize their contributions in an interactive way and explore how they relate to other open-source data in the platform.
“Our Absolute Ocean platform will enable Seabed 2030 to expand their ocean data management and outreach efforts to a global audience of explorers, researchers, educators, and ocean enthusiasts, without requiring subject matter expertise to explore or interpret the data,” said Jason Schwartz, Terradepth Vice President of Corporate Development.
Seabed 2030 will process CSB data for onward contribution to IHO’s Data Center for Digital Bathymetry (DCDB). Seabed 2030’s recent partnership with the International SeaKeepers Society will provide some of the first potential users of the platform with custom data loggers being operated by ocean-going vessels to capture georeferenced bathymetric points during their travels.
“Our partnership with Terradepth will greatly enhance the work we do to support IHO’s CSB initiative, which is a fundamental strand of Seabed 2030’s mission,” commented Dr. Helen Snaith, Head of Seabed 2030’s Global Center. “The Global Center are excited to use the Absolute Ocean platform as an invaluable tool bringing us one step closer to completing the puzzle of the world’s seabed.”
Absolute Ocean is a browser-based portal for the storage, discovery, and sharing of Trusted Node data as well as data collected by other third parties. Terradepth developed Absolute Ocean as a cloud-based ocean information management platform where layers of marine data can be studied using the power of Machine Learning technology. Powerful visualization and analysis functions allow users to examine seafloor data in 2D and 3D from a variety of perspectives, scales, and time periods, increasing operational efficiency and the quality control process.
“For applications spanning environmental monitoring, coastal development, and offshore energy production, Absolute Ocean gives stakeholders across organizations the tools necessary to make sense of their associated underwater environments,” said Terradepth’s Schwartz.
Terradepth will roll out the commercial version of Absolute Ocean in summer 2022 with multiple subscription levels. Clients will be able to load their own geospatial marine data sets onto the secure platform as well as access the thousands of ocean data files currently included in the platform database – side-scan sonar, synthetic aperture sonar, multibeam bathymetry, satellite-derived bathymetry, LiDAR, sub-bottom profiles, magnetometer readings, and satellite imagery.
Absolute Ocean also serves as the data delivery platform for the geophysical and hydrographic survey solutions Terradepth offers to a rapidly growing client base in the Environmental, Telecommunications, Construction, Energy, and Maritime industries. To capture seafloor data for these commercial clients, Terradepth operates a fleet of Autonomous Undersea Vehicles (AUVs), which can be configured with multiple sensors for seabed site verification, pre-construction surveys, pipeline/cable inspection, dredging/trenching support, habitat mapping, mineral exploration, hazard identification, and unexploded munitions detection.
To learn more about Terradepth services and Absolute Ocean, please visit www.terradepth.com.
About Terradepth
Terradepth is an ocean data-as-a-service company focused on scaling ocean data collection and dissemination, enabling unprecedented exploration of the underwater environment. This is accomplished by environmentally friendly survey and monitoring operations that collect ocean data at the edge, combined with an immersive, browser-based geospatial portal for ocean data visualization, management and analysis. These capabilities enable better decision-making about the ocean.
Herbert Mattei, Terradepth
1-844-982-3282
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HOUSTON--(BUSINESS WIRE)--$TELL #LNG--Tellurian Inc. (Tellurian) (NYSE American: TELL) announced today that its wholly owned subsidiary Tellurian Production LLC (TPC) has entered into an agreement to purchase natural gas assets from privately held EnSight IV Energy Partners, LLC and EnSight Haynesville Partners, LLC (collectively EnSight) located in the Haynesville Shale.
The purchase price is $125 million, subject to customary closing adjustments, and a contingent payment of $7.5 million which is based on the price of natural gas and may be payable in March 2023 under certain conditions. Tellurian will fund the purchase with cash on hand and anticipates closing on the EnSight assets in the third quarter of 2022. The effective date of the transaction is August 1, 2022.
EnSight asset highlights:
Impact on TPC:
Tellurian President and CEO Octávio Simões said, “Tellurian continues to focus on two critical pathways - progressing Driftwood LNG and continuing to increase our upstream footprint. This transaction grows our 2023 estimated natural gas production by ~30%, increases upstream asset-level EBITDA by ~25%, and expands upon our existing platform.”
TPC President John Howie added, “We have been diligently growing our natural gas production and reserves in the Haynesville. These assets provide Tellurian with both cash flow and a physical hedge for Driftwood LNG. The EnSight asset is a great fit with Tellurian’s existing position in the Haynesville Shale and allows us to step into an ongoing development program and bring on-line significant additional natural gas volumes in the fourth quarter of 2022.”
(1) Management estimate of EnSight June 2022 average sales volumes of target assets.
(2) Asset-level EBITDA excludes corporate general and administrative expenses. Management estimate for 2023 based on a capital budget of ~30 million that has not been approved by the Tellurian board of directors.
(3) Reserves and inventory information as of August 1, 2022 (using June 30, 2022 NYMEX strip pricing and cost information as of July 6, 2022) as prepared by Netherland, Sewell & Associates in accordance with the definitions and guidelines set forth in the 2018 Petroleum Resources Management System (PRMS).
(4) Management estimate based on current production levels and anticipated development activities.
(5) Management estimate of total reserves and contingent resources as of August 1, 2022 (using June 30, 2022 NYMEX strip pricing and cost information as of July 6, 2022) in accordance with the definitions and guidelines set forth in the 2018 PRMS.
(6) Management estimate for 2023 based on a capital budget of ~$330 million that has not been approved by the Tellurian board of directors.
About Tellurian Inc.
Tellurian intends to create value for shareholders by building a low-cost, global natural gas business, profitably delivering natural gas to customers worldwide. Tellurian is developing a portfolio of natural gas production, LNG marketing and trading, and infrastructure that includes an ~ 27.6 mtpa LNG export facility and an associated pipeline. Tellurian is based in Houston, Texas, and its common stock is listed on the NYSE American under the symbol “TELL”.
For more information, please visit www.tellurianinc.com. Follow us on Twitter at twitter.com/TellurianLNG
CAUTIONARY INFORMATION ABOUT FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements within the meaning of U.S. federal securities laws. The words “anticipate,” “assume,” “believe,” “budget,” “estimate,” “expect,” “forecast,” “initial,” “intend,” “may,” “plan,” “potential,” “project,” “proposed,” “should,” “will,” “would,” and similar expressions are intended to identify forward-looking statements. Forward-looking statements herein relate to, among other things, the capacity, timing, and other aspects of the Driftwood LNG project, the timing and anticipated benefits of the EnSight acquisition, future production, costs, cash flows, returns and asset-level EBITDA, and future capital expenditures, wells, locations and development activities. These statements involve a number of known and unknown risks, which may cause actual results to differ materially from expectations expressed or implied in the forward-looking statements. These risks include the matters discussed in Item 1A of Part I of the Annual Report on Form 10-K of Tellurian for the fiscal year ended December 31, 2021 filed by Tellurian with the Securities and Exchange Commission (the SEC) on February 23, 2022, and other Tellurian filings with the SEC, all of which are incorporated by reference herein. The forward-looking statements in this press release speak as of the date of this release. Although Tellurian may from time to time voluntarily update its prior forward-looking statements, it disclaims any commitment to do so except as required by securities laws. The Company is unable to present a reconciliation of forward-looking asset-level EBITDA because certain components of the calculation are subject to change. Moreover, estimating the most directly comparable generally accepted accounting principles (GAAP) measure with the required precision necessary to provide a meaningful reconciliation is extremely difficult and could not be accomplished without unreasonable effort. Resource estimates are subject to substantially greater risk of recovery than proved reserves.
Media:
Joi Lecznar
EVP Public and Government Affairs
Phone +1.832.962.4044
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Investors:
Matt Phillips
Vice President, Investor Relations
Phone +1.832.320.9331
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Confidential Computing in use by 27% of respondents, and 55% have plans to deploy it to lock down data and workloads
SEATTLE--(BUSINESS WIRE)--The Cloud Security Alliance (CSA), the world’s leading organization dedicated to defining standards, certifications, and best practices to help ensure a secure cloud computing environment, today released Sensitive Data in the Cloud, the findings of which provide deeper insight into the industry’s knowledge, attitudes, and opinions regarding sensitive data in the cloud.
“Increasingly, organizations are overcoming their initial apprehension around the cloud and its perceived security insufficiencies and are storing their sensitive data in public cloud environments with a growing use of Confidential Computing to protect workloads and ensure trust. In general, organizations have reservations about their own ability to protect their sensitive data in the cloud. By shedding light on these issues, we can find ways to address and eventually close the gap between the perceived effectiveness of cloud service providers’ (CSP) security controls and organizations' lacking confidence in their abilities to protect sensitive data in the cloud,” said Hillary Baron, Senior Technical Director for Research, Cloud Security Alliance, and a lead author of the report.
The survey, which was sponsored by Anjuna Security, sought to better understand organizations' needs pertaining to cloud use and data security, as well as their familiarity with the technologies surrounding these environments. Additionally, respondents were asked to share their approach to hosting sensitive data in the cloud and what they saw as security challenges and priorities for the coming year.
Among the study’s key findings:
The survey was conducted online by CSA in April 2022 and received 452 responses from IT and security professionals from various organization sizes and locations. CSA research prides itself on vendor neutrality, agility, and integrity of results. Sponsors are CSA Corporate Members who support the findings of the research project but have no added influence on the content development or editing rights to CSA research.
About Anjuna
Anjuna Security makes the public cloud secure for business. Confidential Computing software from Anjuna Security effortlessly enables enterprises to safely run even their most sensitive workloads in the public cloud. Unlike complex perimeter security solutions easily breached by insiders and malicious code, Anjuna leverages the strongest hardware-based secure computing technologies available to make the public cloud the safest computing resource available anywhere. Anjuna is based in Palo Alto, California.
About Cloud Security Alliance
The Cloud Security Alliance (CSA) is the world’s leading organization dedicated to defining and raising awareness of best practices to help ensure a secure cloud computing environment. CSA harnesses the subject matter expertise of industry practitioners, associations, governments, and its corporate and individual members to offer cloud security-specific research, education, training, certification, events, and products. CSA's activities, knowledge, and extensive network benefit the entire community impacted by cloud — from providers and customers to governments, entrepreneurs, and the assurance industry — and provide a forum through which different parties can work together to create and maintain a trusted cloud ecosystem. For further information, visit us at www.cloudsecurityalliance.org, and follow us on Twitter @cloudsa.
Kristina Rundquist
ZAG Communications for the CSA
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Launches ‘To the point’ Campaign Highlighting Concise Journalism and Impactful Content
MCLEAN, Va.--(BUSINESS WIRE)--USA TODAY, part of Gannett Co., Inc. (NYSE: GCI), today announced the launch of the ‘To the point’ brand campaign, in recognition of the 40th anniversary of USA TODAY which was first published on September 15, 1982. ‘To the point’ pays homage to the publication’s signature style of concise, approachable, and expert-driven journalism that serves as the nation’s source of clarity, empowering audiences.
USA TODAY introduced color to the newspaper industry along with infographics and popular culture stories reflecting the people, places and perspectives of the nation. The brand has continued the legacy of innovation on digital platforms with immersive experiences and Augmented Reality (AR) reaching approximately 100 million people monthly.
“It is remarkable to think about all the things that have evolved in the 40 years since USA TODAY was first published. While the ways in which we deliver quality journalism have changed over the years, our mission has never wavered,” said Maribel Perez Wadsworth, President of Gannett Media. “We are unrelenting in our commitment to the communities we serve and will continue to deliver bold and uniquely innovative reporting with succinct engaging content for our loyal readers.”
USA TODAY is rooted in trusted journalism and the premise that news should be easy to consume while ensuring readers are more informed. USA TODAY is introducing several features to the digital and print experience which include written and visual explainers, “What We Know” stylized stories, live blogs, listicles, and key point summaries within select content. Additionally, the USA TODAY native app user experience will be optimized with features including a “For You” front, “Hear This Story” and “Follow” topics. These attributes will help define news consumption for the next generation of USA TODAY readers and subscribers.
“We have always prided ourselves on the breadth and depth of our coverage while also being experts in short-form journalism. Being ‘to the point’ provides trusted, approachable content to our readers,” said Nicole Carroll, President of News and Editor in Chief of USA TODAY. “Our audience is deeply invested in the news and how it relates to the world around them. They want the opportunity to be informed with short takes as well as deeper enterprise.”
USA TODAY debuted the ‘To the point’ brand campaign, in collaboration with Schafer Condon Carter an independent full-service agency, emphasizing the messaging that regardless of how readers choose to consume news, they should always be left with a clearer picture of what's happening and why to help them maneuver their lives. The campaign will feature ads on Gannett owned and operated channels, social media via TikTok and Twitter, USA TODAY’s streaming TV channel and out of home displays in key markets.
To further celebrate the 40th anniversary, USA TODAY will host activations throughout the year including launching a special one-time offer on September 15, for new customers to enjoy a $40 annual subscription. The USA TODAY store will also unveil a commemorative collection of retro merchandise and special edition covers.
ABOUT GANNETT
Gannett Co., Inc. (NYSE: GCI) is a subscription-led and digitally-focused media and marketing solutions company committed to empowering communities to thrive. With an unmatched reach at the national and local level, Gannett touches the lives of millions with our Pulitzer Prize-winning content, consumer experiences and benefits, and advertiser products and services. Our current portfolio of media assets includes USA TODAY, local media organizations in 45 states in the U.S., and Newsquest, a wholly owned subsidiary operating in the United Kingdom with more than 150 local news media brands. Gannett also owns digital marketing services companies branded LOCALiQ, and runs one of the largest media-owned events business in the U.S., USA TODAY NETWORK Ventures. To connect with us, visit www.gannett.com.
ABOUT USA TODAY
Founded in 1982, USA TODAY reflects the pulse of the nation, serving as host of the American conversation by delivering high-quality, engaging content through unique visual storytelling across all platforms. A media innovator, USA TODAY reaches more than 100M unique visitors each month across digital platforms, with more than 25 million downloads of our award-winning app. USA TODAY is owned by Gannett Co., Inc. (NYSE: GCI).
ABOUT SCHAFER CONDON CARTER
SCC is an independent creative agency that serves a diverse roster of AOR clients including Kellogg's, Procter & Gamble, Casey’s General Stores, USA TODAY, Chicago Cubs, Culligan, and Gallagher Insurance as well as several financial, healthcare and B2B clients. Founded in 1989, SCC employs over 140 professionals across its global network. For more information, visit www.SchaferCondonCarter.com.
MEDIA
Lark-Marie Antón
Chief Communications Officer
(646) 906-4087
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