Incentive program will provide New York commercial real estate owners with cost sharing of up to 33% for BrainBox AI system implementation, helping buildings comply with Local Law 97
NEW YORK--(BUSINESS WIRE)--BrainBox AI, a pioneer in autonomous building technology, is proud to announce that it has been named a qualified vendor for the New York State Energy Research and Development Authority’s (NYSERDA) Real-Time Energy Management + Tenants (RTEM + Tenants) program. The incentive program will provide commercial buildings, across the state of New York, with cost sharing of up to 33% for BrainBox AI system implementation and services for up to three years.
NYSERDA’S RTEM + Tenants Program supports the deployment and utilization of energy management systems and services in leased commercial offices. This is done through the comprehensive monitoring and management of commercial office buildings' energy, electricity demand, and carbon footprint spanning the core building areas, shared common spaces, and tenant spaces.
To be an Approved System Provider, BrainBox AI demonstrated that it can successfully provide building owners, operators, and tenants with a tool that impactfully decreases commercial building energy consumption and carbon footprint. At the forefront of the green building revolution, BrainBox AI boasts the world’s most advanced artificial intelligence technology for commercial HVAC (heating, ventilation, and air conditioning) systems. BrainBox AI merges deep learning algorithms with existing HVAC functionality, reducing a building’s HVAC energy costs by up to 25%, carbon footprint by up to 40%, and extending HVAC equipment life by up to 50%.
While buildings in New York are already implementing BrainBox AI’s technology, including Cammeby’s 45 Broadway, a 32-floor Class A office building. NYSERDA’s acceptance of BrainBox AI into its incentive program makes it easier for commercial real estate owners and operators across New York State to achieve their sustainability goals. This is particularly crucial for New York City and its implementation of Local Law 97, a groundbreaking law requiring most buildings over 25,000 square feet to meet new energy efficiency and greenhouse gas emissions limits by 2024.
“We’re honored that NYSERDA has chosen BrainBox AI as a qualified vendor, making our technology even more accessible to the New York market,” said Jean-Simon Venne, Chief Technology Officer and Co-founder, BrainBox AI. “With over 70% of New York City’s greenhouse gas emissions coming from buildings, the New York City Council estimates that retrofitting the city’s energy inefficient buildings will cost upwards of $20 billion. On top of this, The Climate Leadership and Community Protection Act of 2019 states a goal to limit statewide greenhouse gas emissions to 60% of 1990 levels by 2030. BrainBox AI’s technology has the capability to help buildings meet a large portion of this 2030 objective without Capex investment for building owners, providing the fastest and least expensive solution in-market. Thanks to the RTEM + Tenants program, New York buildings will have access to this transformative technology at a fraction of the cost.”
About BrainBox AI
Founded in 2017, BrainBox AI was created to address the dilemma currently facing the built environment, its energy consumption and significant contribution to climate change. As innovators of the global energy transition, BrainBox AI’s game-changing HVAC technology leverages AI to make buildings smarter, greener, and more efficient. Working together with our trusted global partners, BrainBox AI supports real estate clients in various sectors, including office buildings, hotels, commercial retail, grocery stores, airports, and more.
Headquartered in Montreal, Canada, a global AI hub, our workforce of over 150 employees, bring with them talent from all sectors with the common thread of being in business to heal our planet.
BrainBox AI works in collaboration with research partners including the US Department of Energy’s National Renewable Energy Laboratory (NREL), the Institute for Data Valorization (IVADO) as well as educational institutions including Montreal’s Institute for Learning Algorithms (MILA) and McGill University.
Learn more about BrainBox AI.
BrainBox AI
Rebecca Bender
Montieth & Company
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DALLAS--(BUSINESS WIRE)--With a focus on long term sustainability and on the pivotal role that natural gas plays in achieving a low carbon energy future, Atmos Energy Corporation (NYSE: ATO) has released its latest Corporate Responsibility and Sustainability (CRS) Report. The report, available online at atmosenergy.com/Sustainability, highlights accomplishments in public and pipeline safety, system modernization, environmental sustainability, community support and the culture of AtmoSpirit.
The CRS Report illustrates Atmos Energy’s Environmental, Social, and Governance (ESG) strategy and commitments as well as the progress made executing that strategy and meeting those commitments. The CRS Report primarily covers Atmos Energy’s activities during the 2021 fiscal year (Oct. 1, 2020 through Sept. 30, 2021) and data and items from late fiscal year 2020 and early fiscal year 2022 to offer context on the company’s progress and direction. Select highlights of the report include:
About Atmos Energy
Atmos Energy Corporation, an S&P 500 company headquartered in Dallas, is the country’s largest natural gas-only distributor. We safely deliver reliable, affordable, efficient and abundant natural gas to more than 3 million distribution customers in over 1,400 communities across eight states located primarily in the South. As part of our vision to be the safest provider of natural gas services, we are modernizing our business and infrastructure while continuing to invest in safety, innovation, environmental sustainability and our communities. Atmos Energy manages proprietary pipeline and storage assets, including one of the largest intrastate natural gas pipeline systems in Texas. Find us online at http://www.atmosenergy.com, Facebook, Twitter, Instagram and YouTube.
Investor Contact:
Dan Meziere
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972-855-3729
Media Contact:
Celina Cardenas Fleites
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Defense contractor invests $13 million to create a campus that expands service and hands-on training opportunities for technicians and customers
BELOIT, Wis.--(BUSINESS WIRE)--#FMD--Fairbanks Morse Defense (FMD), a portfolio company of Arcline Investment Management, is launching a 45,000-square-foot training and service center campus in Chesapeake, Va. The defense contractor will move its existing service center from Norfolk, Va., to the Chesapeake campus to add a state-of-the-art training facility and further expand advanced service support for its customers. The move represents a $13 million investment in the community.
“We are excited to have Fairbanks Morse Defense as the newest member of our business community,” said Rick West, Mayor of Chesapeake. “The Hampton Roads region has a long and storied history in the defense industry and having Fairbanks Morse Defense locate its new state-of-the-art facility in the City of Chesapeake underscores the City’s commitment to our military and its partners. We look forward to working with Fairbanks Morse Defense as it continues to grow in Chesapeake.”
FMD’s new training and service center campus, located at 733 Curtis Saunders Court, is near Norfolk, Va., the largest U.S. Navy and Military Sealift Command fleet concentration in the U.S. The U.S. Coast Guard also has a strong presence in the area.
“Training is the forefront of good maintenance practices, and Fairbanks Morse Defense’s training center is incorporating our cutting-edge mixed reality training technology to provide the most comprehensive, interactive marine equipment training solution available,” said Jamie McMullin, FMD President of Services. “This location will strengthen FMD’s position as the preferred service solutions and training provider for our core customers while enhancing our rigorous Factory Certified Training programs for our large network of field service technicians.”
FMD’s Chesapeake training and service center will include the following:
The site also provides room for growth, allowing FMD and its expanded family of brands to utilize additional space as the company integrates new turnkey products, service solutions and training programs into the training and service center offerings.
Upon completion in 2023, the site will create approximately 50 new jobs.
About Fairbanks Morse Defense (FMD)
Fairbanks Morse Defense (FMD) builds, maintains, and services the most trusted naval power and propulsion systems on the planet. For more than 100 years, FMD has been a principal supplier of a growing array of leading marine technologies, OEM parts, and turnkey services to the U.S. Navy, U.S. Coast Guard, Military Sealift Command, and Canadian Coast Guard. FMD stands ready to rapidly support the systems that power military fleets without compromising safety or quality. In times of peace and war, the experienced engineers, sailors, and technicians of FMD demonstrate our commitment to supporting the mission and vision of critical global naval operations wherever and whenever needed. FMD is a portfolio company of Arcline Investment Management.
To learn more, visit www.FairbanksMorseDefense.com.
Fairbanks Morse Media Contact:
Mercom Communications
Michelle Hargis
Tel: 512-215-4452
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BETHESDA, Md.--(BUSINESS WIRE)--Enviva Inc. (NYSE: EVA) (“Enviva”) today announced the timing of its conference call to discuss second-quarter 2022 financial results on August 4, 2022.
When: |
August 4, 2022, at 10:00 a.m. Eastern Time |
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How: |
By dialing (877) 883-0383 in the United States, +1 (412) 902-6506 internationally, and entering the Participant Entry Number 9561144, or via webcast through the Investor Relations section of Enviva’s website at ir.envivabiomass.com |
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Replays: |
Will be available online for a year and accessible via Enviva’s website at ir.envivabiomass.com |
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 primarily 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.
Kate Walsh
Vice President, Investor Relations
+1 (240) 482-3856
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A leap forward for companies looking to optimize both performance and carbon neutrality
LYON, France--(BUSINESS WIRE)--#artificialintelligence--Cosmo Tech is collaborating with Microsoft to integrate Microsoft Azure Digital Twins capabilities with the addition of its strategic 360° Simulation Digital Twin technology. The combined technologies enable Microsoft’s enterprise customers to monitor systems in near real-time and to simulate the evolution of complex organization in uncertain environments over time. This will allow strategic optimizations at all levels of enterprise planning, decision making and financial functions; enabling outcomes that are robust, resilient, and sustainable.
Executives and operational decision makers in industrial organizations need to rapidly identify and solve complex problems with a clear view on alternatives allowing them to reconcile carbon emission commitments with financial performance. Azure Digital Twins already helps create detailed, comprehensive digital models of physical environments communicating with IoT and Edge devices. Delivering insights from across the entire ecosystem, they break down silos within intelligent environments by fusing data from previously disparate devices and business systems, rapidly increasing the return on data.
Cosmo Tech’s Simulation Digital Twins and its holistic simulation layer makes the data collected truly informative and actionable. The software allows companies to model an unlimited number of complex change scenarios based on existing data or potential new conditions, see the cascading effects on the organization and predict results. This provides them with the ability to explore future outcomes and downstream effects without impacting operational systems in order to determine the best path forward. Companies can test unlimited, complex scenarios to understand the causes that lead to a result, anticipate different scenarios, and automatically obtain robust plans to reach the sustainability and climate goals they’ve set.
Nexans, a leading actor in global sustainable electrification, has partnered with Cosmo Tech and Microsoft to use their Simulation Digital Twin and Azure technologies, to achieve carbon neutrality by 2030. Nexans’ Simulation Digital Twin includes more than 60,000 separate characteristics and simulates, for example, more than 120,000 different supply and delivery routes. They leveraged the solution to generate a plan that puts them on the path to reducing their CO2 emissions by 50,000 tonnes annually.
“As Nexans is a key player in electrification and energy transition, combining financial profitability and carbon emission is critical to achieve both financial & environmental targets,” said Olivier Chevreau, VP Sustainability of Nexans Group. “With Simulation Digital Twin technology, we are able to mobilize and engage our teams to visualize their combined reality, to simulate environmental & financial impact of operational decisions and to make sure that behind the climate targets, there is a clear and shared action plan tracked internally, and continuously updated.”
“The challenges facing global organizations, like Nexans, striving to reduce carbon emissions are increasingly complex. Market disruptions demand more robustness and agility” said Hugues de Bantel, Co-Founder and CEO at Cosmo Tech. “With Simulation Digital Twins decision makers understand the impact of their decisions, they can test operational strategies before implementing them, and generate the resiliency they need to achieve sustainability in an uncertain future.”
Tony Shakib, Partner General Manager, Microsoft Azure IoT said, “Microsoft Azure customers are looking for ways to further benefit from their investments in data, IoT and edge AI. Our collaboration with Cosmo Tech and their 360° Simulation Digital Twin platform provides a mechanism for achieving sustainable outcomes through informed decision making. With Cosmo Tech, Azure Digital Twin customers explore options, make accurate predictions, and generate optimal operational and strategic plans in line with their sustainability objectives.”
About Cosmo Tech
Cosmo Tech provides a 360° Simulation Digital Twin platform to solve the most complex industrial problems and lead enterprise decision making. This next-gen hybrid AI technology provides holistic and dynamic simulation that predicts the evolution of an organization over time. Leading companies from the manufacturing, automotive, energy, and transport sectors rely on Cosmo Tech to ensure a future that is robust, resilient, and sustainable.
Media
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DENVER--(BUSINESS WIRE)--Fundare Resources Company, LLC (“Fundare” or the “Company”) announced today that it has completed an acquisition of oil and gas assets in the Green River Basin of Wyoming from HRM Resources III, LLC (“HRM”). Following a transition period, Fundare’s management team will take over operations from HRM beginning August 1, 2022. Fundare will hold the new assets under an entity called Rangeview Resources Company, LLC (“Rangeview”).
Rangeview Green River Highlights Include:
Cody Truitt, President & Chief Executive Officer of Fundare commented, “We are excited to add another high-quality asset and basin to our portfolio. I would like to thank the HRM team for their support through the acquisition process as well as the commitment to responsible operations that is evident in their business. We look forward to growing the asset with the same focus.”
Fundare Executive Chairman, Mike Starzer, added, “It has been 8 months since we took over operations of the Redtail asset. Cody and his team have performed exceptionally well at operating Redtail, spinning off a midstream company in Moonrise Midstream, and screening opportunities to advance Fundare’s strategy of acquiring low-risk, producing assets, that the team can optimize and grow organically to drive shareholder returns. The Green River asset is a perfect fit.”
Fundare’s senior management is comprised of seasoned industry professionals including Scott Landreth as Chief Financial Officer, Cliff Linhardt as Chief Accounting Officer, Craig Gleaton as General Counsel and Vice President of Land, Bryan Brown as Vice President of Operations and Daniel Seaver as Vice President of Midstream and Marketing.
The acquisition was funded through equity provided by WDC Energy, LLC, management and a group of friends and family investors. Rangeview also entered into a Note Purchase Agreement with Cibolo Energy Partners, LLC to provide debt capital used to fund a portion of the acquisition. Baker Botts LLP acted as legal counsel to Fundare.
HRM Resources III, LLC is backed by Kayne Anderson Capital Advisors (“Kayne”). Davis Graham & Stubbs LLP acted as legal advisor to HRM and CIBC Capital Markets served as financial advisor to HRM. McDermott Will & Emery LLP acted as legal advisor to Kayne.
About Fundare Resources Company, LLC:
Fundare Resources Company, LLC is a private oil and gas company pursuing low risk, yield driven, producing properties that maximize shareholder returns through the implementation of advanced completion technologies and prudent, low-cost operatorship. Fundare, Latin for “laying a foundation”, is built around the principle of establishing a foundation of assets managed with Integrity, Teamwork and Transparency; proven values that have resulted in repeated success for its investors. Companies under Fundare’s management include Fundare Redtail, Rangeview Green River, and Moonrise Midstream.
Further information can be found at www.fundareresources.com.
Scott Landreth
Chief Financial Officer
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720-868-1300
MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Wisk Aero, a leading Advanced Air Mobility (AAM) company and developer of the first all-electric, self-flying air taxi in the U.S., today released its latest whitepaper, which shares the details of its proprietary, data-driven, microsimulation platform called SCOPE (Simulation, Coordination, Optimization, Planning, and Engagement).
Wisk’s SCOPE platform provides industry-leading insights that enable the efficient, thoughtful, and responsible deployment of advanced air mobility (AAM) within a given geographic area. The platform also allows Wisk to better understand and inform infrastructure and policy development, build stronger partnerships with industry and communities, and propel the AAM industry forward in an informed and socially responsible way.
“At Wisk, we are committed to being responsible members of the local communities that we serve,” said Gary Gysin, CEO of Wisk. “We want our future services to be available, accessible, and useful to everyone, from college students to executives. Wisk’s SCOPE platform provides us with the critical insights needed to make informed, data-driven decisions and ensure that future services have a positive and meaningful impact for local communities.”
Powered by granular travel-demand data, machine learning, and large-scale GPU-based parallelization, the SCOPE platform can create complex simulations and develop models that will help:
“With AAM poised to revolutionize urban transportation, it is critical for AAM companies and their city partners to leverage advanced modeling and simulation tools, to ensure the responsible and equitable distribution of AAM services,” said Pavan Yedavalli, Head of Product Intelligence and Systems Simulation at Wisk. “Using our SCOPE platform, we can simulate millions of real-world trips and model travel behavior in metropolitan areas across the world, while also measuring the impact of AAM integration into the local transportation network. The data gathered from these simulations are then used to inform and refine our strategy and ensure that we are making decisions that benefit the communities that we serve.”
Wisk’s SCOPE platform is powered by data and inputs from multiple sources, including Otonomo, the platform powering the mobility economy. This data, combined with Wisk’s SCOPE platform proprietary algorithms, help translate qualitative inputs into quantitative insights, which allow Wisk to be more thoughtful and comprehensive in its approach to AAM integration.
Download Wisk’s latest whitepaper, Intelligent Advanced Air Mobility, for more information on the SCOPE platform and how Wisk is transforming the future of mobility through informed, responsible, data-driven strategies.
About Wisk
Wisk is an advanced air mobility (AAM) company dedicated to delivering safe, everyday flight for everyone. Wisk’s self-flying, eVTOL (electric vertical takeoff and landing) air taxi will make it possible for passengers to skip the traffic and get to their destination faster. Based in the San Francisco Bay Area and New Zealand, Wisk is an independent company backed by The Boeing Company and Kitty Hawk Corporation. With over a decade of experience and over 1550 test flights, Wisk is shaping the future of daily commutes and urban travel, safely and sustainably. Wisk is on a journey to deliver safe, autonomous, all-electric, everyday flight; join us and learn more here.
Media Contact
Chris Brown - This email address is being protected from spambots. You need JavaScript enabled to view it.
HOUSTON--(BUSINESS WIRE)--$HESM--Hess Midstream LP (NYSE: HESM) (“Hess Midstream”) announced today that it will hold a conference call on Wednesday, July 27, 2022, at 12:00 p.m. Eastern Time to discuss its second quarter 2022 earnings release.
To phone into the conference call, participants should register in advance using this link to receive a unique PIN and dial-in number. This conference call and subsequent replay will also be accessible by webcast (audio only) on Hess Midstream’s website at www.hessmidstream.com.
About Hess Midstream
Hess Midstream is a fee-based, growth-oriented, midstream company that owns, operates, develops and acquires a diverse set of midstream assets to provide services to Hess and third-party customers. Hess Midstream owns oil, gas and produced water handling assets that are primarily located in the Bakken and Three Forks Shale plays in the Williston Basin area of North Dakota. More information is available at www.hessmidstream.com.
Forward Looking Statements
This press release may include forward-looking statements within the meaning of the federal securities laws. Generally, the words “anticipate,” “estimate,” “expect,” “forecast,” “guidance,” “could,” “may,” “should,” “believe,” “intend,” “project,” “plan,” “predict,” “will” and similar expressions identify forward-looking statements, which generally are not historical in nature. Forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results and current projections or expectations. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements in the filings made by Hess Midstream with the U.S. Securities and Exchange Commission, which are available to the public. Hess Midstream undertakes no obligation to, and does not intend to, update these forward-looking statements to reflect events or circumstances occurring after this press release. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.
Investor Contact:
Jennifer Gordon
(212) 536-8244
Media Contact:
Robert Young
(713) 496-6076
NEW YORK--(BUSINESS WIRE)--Citi’s Issuer Services business, acting through Citibank, N.A., has been appointed by Ming Yang Smart Energy Group Limited (“Ming Yang”) – a leading wind turbine manufacturer in China – to act as Depositary Bank for its Global Depositary Receipt (“GDR”) program.
Ming Yang’s GDR program was established in connection with a US$656.9 million initial public offering of its GDRs (or US$706.9 million, if the underwriters exercise their over-allotment option in full), priced at US$21.00 per GDR. The GDRs are listed on the Shanghai-London Stock Connect (“SLSC”) segment of the Main market of the London Stock Exchange (“LSE”) under the symbol “MYSE”. Each GDR represents five (5) A shares. Ming Yang’s A shares are listed and traded on the Shanghai Stock Exchange (“SSE”) under the stock code 601615.
“As a leading wind turbine manufacturer, we aim to become a full lifecycle renewable solutions provider. Through technological and business innovations, we have developed into a leading smart energy enterprise in China with global influence, gradually becoming an industry leader in providing integrated wind power, photovoltaics, power storage and hydrogen power solutions. The GDR issuance of Ming Yang Smart Energy will promote the implementation of our strategies and help the company's internationalization process.” said Mr. Zhang Chuanwei, Chairman, Chief Executive Officer and General Manager of Ming Yang.
“We are truly grateful to be appointed as the Depositary Bank for Ming Yang’s LSE-Listed GDR Program, and it is our honor to be the depositary bank for all five SLSC GDR programs listed so far,” said Dirk Jones, Global Head of Issuer Services at Citi. “Citi’s cross-regional capabilities, global network, the ability to enhance investor access, and our experience gained from the previous SLSC GDR programs will serve Ming Yang well. We expect to see more and more issuers raise capital and brand themselves through the Connect Scheme in the future.”
Citi is a leading provider of depositary receipt services. With depositary receipt programs in 61 markets, spanning equity and fixed-income products, Citi leverages its global network to provide cross-border capital market access to issuers, intermediaries and investors.
For more information about Citi’s Depositary Receipt Services, please visit www.citi.com/dr.
About Citi
Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.
Additional information may be found at www.citigroup.com | Twitter: @Citi | YouTube: www.youtube.com/citi | Blog: http://blog.citigroup.com | Facebook: www.facebook.com/citi | LinkedIn: www.linkedin.com/company/citi
Media Contact:
Nina Das
Citi Institutional Clients Group
+1 (212) 816-9267
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TULSA, Okla.--(BUSINESS WIRE)--Williams (NYSE: WMB) plans to announce its second-quarter 2022 financial results after the market closes on Monday, Aug. 1, 2022.
The company’s second-quarter 2022 earnings conference call and webcast with analysts and investors is scheduled for Tuesday, Aug. 2, 2022, at 9:30 a.m. Eastern Time (8:30 a.m. Central Time). Participants who wish to join the call by phone must register using the following link: https://conferencingportals.com/event/MTgNWtxQ
A webcast link to the conference call will be provided on Williams’ Investor Relations website. A replay of the webcast will be available on the website for at least 90 days following the event.
About Williams
As the world demands reliable, low-cost, low-carbon energy, Williams (NYSE: WMB) will be there with the best transport, storage and delivery solutions to reliably fuel the clean energy economy. Headquartered in Tulsa, Oklahoma, Williams is an industry-leading, investment grade C-Corp with operations across the natural gas value chain including gathering, processing, interstate transportation, storage, wholesale marketing and trading of natural gas and natural gas liquids. With major positions in top U.S. supply basins, Williams connects the best supplies with the growing demand for clean energy. Williams owns and operates more than 30,000 miles of pipelines system wide – including Transco, the nation’s largest volume and fastest growing pipeline – and handles approximately 30 percent of the natural gas in the United States that is used every day for clean-power generation, heating and industrial use. Learn how the company is leveraging its nationwide footprint to incorporate clean hydrogen, next generation gas and other innovations at www.williams.com.
Portions of this document may constitute “forward-looking statements” as defined by federal law. Although the company believes any such statements are based on reasonable assumptions, there is no assurance that actual outcomes will not be materially different. Any such statements are made in reliance on the “safe harbor” protections provided under the Private Securities Reform Act of 1995. Additional information about issues that could lead to material changes in performance is contained in the company’s annual and quarterly reports filed with the Securities and Exchange Commission.
MEDIA:
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800-945-8723
INVESTOR CONTACT:
Danilo Juvane
918-573-5075
Grace Scott
918-573-1092
Exclusive company fleet will help improve container velocity and streamline drayage
LOWELL, Ark.--(BUSINESS WIRE)--J.B. Hunt Transport Services Inc., one of the largest supply chain solutions providers in North America, announced today it will open its first transload service facility to support international cargo along the West Coast and streamline its inland transportation for customers.
The strategically located facility supporting the Los Angeles and Long Beach area will provide port drayage and transloading services, with quick access to outbound rail and highway transport. The new facility and service will complement the company’s recent announcement to help customers accelerate the delivery of overseas freight through a long-term multi-vessel service agreement.
"The increase in import activity over recent years has created a bottleneck at the port, resulting in inefficient delays and rising costs," said Shelley Simpson, chief commercial officer and executive vice president of people and human resources at J.B. Hunt. "We are providing customers with a complete solution that not only alleviates those challenges, it can accelerate their ability to meet domestic demand by offering a seamless port, transload, and domestic outbound move.”
To streamline port drayage, J.B. Hunt will have a company fleet dedicated to transporting inbound ocean freight from the port to the new facility, minimizing demurrage and per diem costs and accelerating the turn time to prepare freight for domestic transport. Cargo containers will be loaded directly onto company-owned marine chassis and arrive at the J.B. Hunt facility for prompt transloading into domestic trailing equipment supported by its company fleet. By eliminating the inefficiencies created with handoffs between multiple providers, customers will benefit from J.B. Hunt’s holistic solution.
“A transloading model provides customers with a more efficient flow of international containers through the supply chain by eliminating imbalanced moves and turning boxes faster,” said Darren Field, president of intermodal and executive vice president at J.B. Hunt. “Having optionality between domestic intermodal and interior-point intermodal (IPI) services will be important for our customers when uncertainties remain pervasive.”
The new transloading operation, located only minutes from US Highway 5 and Interstate 710, includes a 91,000-square-foot warehouse and 8 acres of parking for up to 300 containers. With close proximity to both port and rail terminals, the facility will provide shippers with quick, preferred access to J.B. Hunt’s 53’ intermodal container fleet and highway services, including the company’s J.B. Hunt360box® drop-and-hook trailer program.
J.B. Hunt opened its first transload service in November 2021 to assist shippers in the New York metro area with port drayage, transloading and inland linehaul solutions. With today’s announcement, J.B. Hunt now offers customers a solution for their international containers arriving into the largest port gateway market on both coasts.
J.B. Hunt operates one of the largest company-owned fleets in North America with more than 100,000 intermodal containers, 18,500 tractors and 36,000 trailers. The company’s J.B. Hunt 360°® technology platform is an industry leader in digital freight matching and provides shippers with access to nearly one million trucks through qualified third-party carriers across the country.
About J.B. Hunt
J.B. Hunt Transport Services, Inc., an S&P 500 company, provides innovative supply chain solutions for a variety of customers throughout North America. Utilizing an integrated, multimodal approach, the company applies technology-driven methods to create the best solution for each customer, adding efficiency, flexibility, and value to their operations. J.B. Hunt services include intermodal, dedicated, refrigerated, truckload, less-than-truckload, flatbed, single source, final mile, and more. J.B. Hunt Transport Services, Inc. stock trades on NASDAQ under the ticker symbol JBHT and is a component of the Dow Jones Transportation Average. J.B. Hunt Transport, Inc. is a wholly owned subsidiary of JBHT. For more information, visit www.jbhunt.com.
Brittnee Davie
Vice President - Marketing
479.419.3178
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New headquarters and state-of-the-art manufacturing facility enables Romeo to accelerate business opportunities in the Transportation sector and target expansion in Industrial and Marine Environments
CYPRESS, Calif.--(BUSINESS WIRE)--Romeo Power, Inc. (“Romeo Power” or the “Company”) (NYSE: RMO), an energy technology leader delivering advanced electrification solutions for complex commercial vehicle applications, is completing its relocation to a new state-of-the-art manufacturing center in Cypress, California to accommodate the Company’s growth trajectory, leverage the diverse Orange County technology talent pool, and enhance the quality and cost-effectiveness of the Company’s leading electrification products.
The Company is nearing completion of the final phase of its relocation, where the new manufacturing operation in Orange County is already supporting battery pack and technology development adjacent to its production line, which will allow for faster time to market.
Romeo Power’s Chief Executive Officer Susan Brennan said, “Our new facility symbolizes an important milestone for Romeo Power, providing a critical foundation as we enhance our products and technology, as well as scale to meet the needs of current and prospective customers. This is especially critical for Romeo as we focus on growing our existing customer base in commercial fleets, while targeting new customers in the Industrial/Off-Highway and Marine markets.
“Romeo initiated work in both the Industrial/Off-Highway and Marine sectors in 2021, supplying battery testing packs to a global pioneer in innovative products for agriculture and construction and a global marine technology customer,” Brennan added. “We have a clear understanding of the electrification needs in Off-Highway and Marine applications, and we are well prepared to deliver our prestigious battery packs to accelerate the future of these sectors.”
About Romeo Power, Inc.
Founded in 2016 and headquartered in Cypress, California, Romeo Power (NYSE: RMO) is an energy technology leader delivering advanced electrification solutions for complex commercial vehicle applications. The Company’s suite of advanced battery electric products, combined with its innovative battery management system, delivers the safety, performance, reliability and configurability its customers need to succeed. To keep up with everything Romeo Power, follow the Company on social media, @romeopowerinc or visit romeopower.com
Forward-Looking Statements
Certain statements in this press release may constitute “forward looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” “should,” “future,” “propose” and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements, including, without limitation, express or implied statements concerning Romeo Power’s ability to develop or sell new products, or to pursue customers in new product or geographic markets, Romeo Power’s expectations regarding its future financial performance, the demand for safe, effective, affordable and sustainable EV products, Romeo Power’s ability to produce and deliver such products on a commercial scale, and Romeo Power’s expectations that its customers will adhere to contracted purchase commitments on the currently expected timeframe are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside Romeo Power’s management’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, that may affect actual results or outcomes include: Romeo Power’s ability to execute on its plans to develop and market new products and the timing of these development programs; Romeo Power’s ability to increase the scale and capacity of its manufacturing processes; Romeo Power’s estimates of the size of the markets for its products; the rate and degree of market acceptance of Romeo Power’s products; the success of other competing technologies that may become available; Romeo Power’s ability to identify and integrate acquisitions; Romeo Power’s potential need for and ability to secure additional capital; the performance of Romeo Power’s products and customers; potential litigation involving Romeo Power; demand for battery cells and supply shortages; the potential effects of COVID-19; and general economic and market conditions impacting demand for Romeo Power’s products. You should carefully consider the foregoing factors and the other risks and uncertainties described in the Company’s filings with the SEC. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from those implied by our 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 Romeo Power undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
Source: Romeo Power Inc.
Romeo Power Inc.
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DUBLIN--(BUSINESS WIRE)--The "Global Gas Chromatography Market (2022-2027) by Instrument, Accessories & Consumables, End-User Industry, Geography, Competitive Analysis, and the Impact of Covid-19 with Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.
The Global Gas Chromatography Market is estimated to be USD 5.5 Bn in 2022 and is projected to reach USD 6.56 Bn by 2027, growing at a CAGR of 3.6%.
Market dynamics are forces that impact the prices and behaviors of the Global Gas Chromatography Market stakeholders. These forces create pricing signals which result from the changes in the supply and demand curves for a given product or service. Forces of Market Dynamics may be related to macro-economic and micro-economic factors. There are dynamic market forces other than price, demand, and supply. Human emotions can also drive decisions, influence the market, and create price signals.
As the market dynamics impact the supply and demand curves, decision-makers aim to determine the best way to use various financial tools to stem various strategies for speeding the growth and reducing the risks.
Competitive Quadrant
The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.
Ansoff Analysis
Why buy this report?
Market Dynamics
Drivers
Restraints
Opportunities
Challenges
Market Segmentations
The Global Gas Chromatography Market is segmented based on Instrument, Accessories & Consumables, End-User Industry, and Geography.
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/fq53dm
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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Offshore Exploration Demand Builds Amid Global Focus on Energy Resources
HOUSTON--(BUSINESS WIRE)--#energyexploration--Geospace Technologies Corporation (NASDAQ: GEOS) today announced a $4M rental contract with an international marine geophysical services provider who will rent OBX-750E seabed ocean bottom wireless seismic data acquisition nodes for a shallow offshore seismic survey.
“During our recent exhibition at the European Association of Geoscientists and Engineers in Madrid, we experienced a significant increase in discussions surrounding the use of our wireless ocean bottom node products for both deep and shallow water applications,” said Walter R. Wheeler, President and CEO, Geospace Technologies. “This follows the announcements in our prior quarter of OBX related commerce that included a $10M sale and $7M in rental contracts. This contract provides further evidence of increased activity in offshore markets where our versatile ocean bottom node products can provide the high-quality data needed to reliably make critical exploration decisions.”
Geospace principally designs and manufactures seismic instruments and equipment. The company markets seismic products to the oil and gas industry to locate, characterize and monitor hydrocarbon-producing reservoirs. The company also markets seismic products to other industries for vibration monitoring, border and perimeter security and various geotechnical applications. Geospace designs and manufactures other products of a non-seismic nature, including smart water connectivity tools, imaging equipment and specialty contract manufactured products.
Media Contact: Caroline Kempf, This email address is being protected from spambots. You need JavaScript enabled to view it., 321.341.9305
Implemented utility upgrades are estimated to save New Mexico Tech over $540,000 annually and enhance the reliability of campus facility operations
FRAMINGHAM, Mass. & SOCORRO, N.M.--(BUSINESS WIRE)--#carbonreduction--Ameresco, Inc., (NYSE: AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy, today announced the completion of its combined guaranteed utility savings project with the New Mexico Institute of Mining and Technology (New Mexico Tech). Following an audit of New Mexico Tech’s facilities, the university entered into a 20-year partnership with Ameresco to address needed upgrades and provide long-term cash flow and reliability benefits well beyond the contract term.
As part of the comprehensive project, Ameresco installed a variety of renewable and energy efficient technologies that are estimated to save New Mexico Tech over $540,000 annually in energy savings and improve its overall sustainability efforts. Implemented upgrades include the construction of 666.8 kW-DC of solar photovoltaic covered parking; water conservation measures; equipment level direct digital control upgrades; building scheduling and controls optimization; chiller plant controls optimization; lab air system rebalancing; variable flow chilled water system pumping; and interior and exterior LED lighting retrofits across campus.
“New Mexico Tech has a strong science and technology education and research mission that includes an emphasis on resource sustainability and energy efficiency,” said Dr. Cleve McDaniel, Vice President for Administration and Finance at New Mexico Tech. “Our work with Ameresco to dramatically reduce our campus energy usage and costs fits perfectly with our mission. This project was truly a collaborative effort and we very much appreciated Ameresco’s knowledge and effective implementation of state-of-the art solutions that have enabled us to better serve our campus and community.”
For New Mexico Tech, the administered upgrades are designed to enhance the reliability of facility operations, as well as improve the quality of learning and research environments for students and faculty.
“Working with an institution like New Mexico Tech, one of the top STEM schools in the nation, has been especially meaningful for us at Ameresco as we hope to introduce the next generation to the benefits of efficient and renewable energy use,” said Bob Georgeoff, EVP, Ameresco. “We commend campus leadership for prioritizing a project that will increase energy conservation, reduce energy and utility costs and address campus deferred maintenance, all in an economically responsible manner that adds clean energy resources to the region.”
To learn more about the energy efficiency solutions offered by Ameresco, visit www.ameresco.com/energy-efficiency/.
About Ameresco, Inc.
Founded in 2000, Ameresco, Inc. (NYSE:AMRC) is a leading cleantech integrator and renewable energy asset developer, owner and operator. Our comprehensive portfolio includes energy efficiency, infrastructure upgrades, asset sustainability and renewable energy solutions delivered to clients throughout North America and Europe. Ameresco’s sustainability services in support of clients’ pursuit of Net Zero include upgrades to a facility’s energy infrastructure and the development, construction, and operation of distributed energy resources. Ameresco has successfully completed energy saving, environmentally responsible projects with Federal, state and local governments, healthcare and educational institutions, housing authorities, and commercial and industrial customers. With its corporate headquarters in Framingham, MA, Ameresco has more than 1,000 employees providing local expertise in the United States, Canada, and Europe. For more information, visit www.ameresco.com.
About New Mexico Institute of Mining and Technology
Founded in 1889, New Mexico Institute of Mining and Technology (New Mexico Tech) aspires to be a preeminent community of scholars dedicated to research, education, and innovation – advancing science, technology, engineering, and mathematics – to meet the challenges of tomorrow. New Mexico Tech serves the state of New Mexico and beyond through education, research, and service, focused in science, technology, engineering, and mathematics. Involved faculty educate a diverse student body in rigorous and collaborative programs, preparing scientists and engineers for the future. New Mexico Tech’s innovative and interdisciplinary research expands the reach of humanity's knowledge and capabilities.
The announcement of a customer’s completion of a project contract is not necessarily indicative of the timing or amount of revenue from such contract, of the company’s overall revenue for any particular period or of trends in the company’s overall total project backlog. This project had already been in Ameresco’s previously reported backlog and was fully recognized as revenue prior to the end of Q1 2022.
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145-MW facility to supply affordable, clean energy to Guzman Energy customers
LRE total generation capacity across Weld County reaches over 600 MW
DALLAS--(BUSINESS WIRE)--Leeward Renewable Energy, LLC (LRE) today announced that it has completed construction of its Panorama Wind Farm located in Weld County, Colorado and that the facility has reached commercial operation. The energy generated will provide Guzman Energy customers with enough renewable energy to power approximately 53,000 homes across Colorado and New Mexico.
LRE and Guzman Energy hosted a ceremonial ribbon cutting event at the Panorama Wind Farm today to celebrate the start of operations at the facility. The event featured comments from Chief Executive Officer of LRE, Jason Allen, and President of Guzman Energy, Christopher Miller, as well as Colorado State Senator, Chris Hansen, and Weld County Commission Chair, Scott James.
“With the Panorama Wind Farm online and generating cost effective, clean renewable power, we will continue accelerating the energy transition and economic opportunity for our current and future customers,” said Guzman Energy President, Christopher Miller. “As we serve rural electric cooperatives, municipalities, and tribes throughout the region, we appreciate LRE’s partnership and support. This is one of many new renewable assets that will exist because of Guzman’s role in the market.”
“We are pleased to have achieved commercial operations at the Panorama Wind Farm in partnership with Guzman Energy to help them deliver reliable renewable energy to their customers,” said Jason Allen, LRE’s Chief Executive Officer. “This project brings our total generation capacity in Weld County to over 600 MW, illustrating the momentum of our ambitious growth plan and continued commitment to developing, owning and operating best-in-class renewable generation assets. We are proud that our three Weld County projects — Panorama, Cedar Creek and Mountain Breeze — support the state of Colorado in meeting its goal of 100 percent green energy generation by 2040.”
The Panorama Wind Farm has 66 Vestas wind turbines with the capacity to generate 145 megawatts (MW) of clean energy. The project created 185 jobs during peak construction and will provide permanent renewable energy jobs and significant property tax contributions to Weld County. Construction and term financing for the project was secured from MUFG Bank, Ltd., National Australia Bank, Silicon Valley Bank, and Helaba Group, and tax equity was funded by Goldman Sachs.
John Wycherley, LRE’s Vice President of Development, added, “We are very appreciative of those landowners, Weld County officials and our financial and construction partners who have played a critical role in the success of the project. The completion of this project would not have been possible without their support, and we look forward to continuing these long-term relationships as we operate the facility going forward.”
About Leeward Renewable Energy
Leeward Renewable Energy is a leading renewable energy company that owns and operates a portfolio of 24 renewable energy facilities across nine states totaling approximately 2,500 megawatts of generating capacity. LRE is actively developing and contracting new wind, solar, and energy storage projects in energy markets across the U.S., with 1.9 gigawatts contracted and 20 gigawatts under development and construction spanning over 100 projects. LRE is a portfolio company of OMERS Infrastructure, an investment arm of OMERS, one of Canada’s largest defined benefit pension plans with C$121 billion in net assets (as at December 31, 2021). For more information, visit www.leewardenergy.com.
About Guzman Energy
Guzman Energy is a wholesale power provider dedicated to communities in search of affordable and reliable energy. We partner with cooperatives, municipalities, companies, and tribes across North America to customize energy portfolios that make economic and environmental sense for today and tomorrow. Together, we are lighting the way forward. Visit guzmanenergy.com.
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713.822.7538
Ryan McDougald
510.300.7204
Sard Verbinnen & Co.
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DUBLIN--(BUSINESS WIRE)--The "Ship Repairing Global Market Report 2022" report has been added to ResearchAndMarkets.com's offering.
This report provides strategists, marketers and senior management with the critical information they need to assess the global ship repairing market as it emerges from the COVID-19 shut down.
The global ship repairing market is expected to grow from $29.73 billion in 2021 to $33.2 billion in 2022 at a compound annual growth rate (CAGR) of 11.7%. The market is expected to grow to $50.2 billion in 2026 at a compound annual growth rate (CAGR) of 10.9%.
Companies Mentioned
Reasons to Purchase
The ship repairing market consists of revenue generated by sales of ship repairing services by entities (organizations, sole traders, and partnerships) that operate shipyards. Only goods and services traded between entities or sold to end consumers are included.
The main types in the ship repairing market are oil and chemical tankers, bulk carriers, general cargo, container ships, gas carriers, offshore vessels, passenger ships and ferries, mega yachts, and other vessels. The oil and chemical tankers refer to the tankers that provide oil in ships and are transported. The various applications include general services, dockage, hull part, engine parts, electric works, auxiliary services. The various end-users are transport companies, military, other end-users.
Asia Pacific was the largest region in the global ship repairing market in 2021. Western Europe was the second largest market in ship repairing market. The regions covered in the shipbuilding market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The increasing seaborne trade is predicted to contribute to the growth of the shipbuilding market. The rising population, surging purchasing power of consumers, and improving standards of living are increasing the demand for consumer goods leading to high production and rapid industrialization.
For instance, according to Hellenic Shipping News data 2021, In the first 10 months of 2021, the global seaborne coal trade increased by +5.1% y-o-y to 984.7 mln tonnes, from 936.7 mln tonnes in the January-October 2020 period. The manufacturing of eco-friendly and advanced ships is supported by the increasing requirement for efficient and cost-effective transport alternatives for the movement of goods. According to Alliance Experts, transport by sea allows shipping large volumes with lesser cost than that through road, rail, and air transport. This scenario is expected to drive the demand for the shipbuilding market.
The COVID-19 pandemic affected shipbuilding and ship repair facilities globally to a great extent. The pandemic has disrupted almost every area of the shipping industry, after a promising 2019. All levels of operations were affected by yard closures, logistical challenges, and survey delays, while scrubber retrofitting also declined sharply. For instance, in March 2020, the Italian shipyard Fincantieri has initially suspended manufacturing in its shipyards for two weeks due to the coronavirus crisis, which was then extended for more than a month that has impacted the business. Therefore, the impact of COVID-19 is expected to hinder the growth of the ship repairing market.
Major companies in the ship repair sector are concentrating on the development of advanced technology services for ship repair.
Key Topics Covered:
1. Executive Summary
2. Ship Repairing Market Characteristics
3. Ship Repairing Market Trends And Strategies
4. Impact Of COVID-19 On Ship Repairing
5. Ship Repairing Market Size And Growth
5.1. Global Ship Repairing Historic Market, 2016-2021, $ Billion
5.2. Global Ship Repairing Forecast Market, 2021-2026F, 2031F, $ Billion
6. Ship Repairing Market Segmentation
6.1. Global Ship Repairing Market, Segmentation By Vessel Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
6.2. Global Ship Repairing Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
6.3. Global Ship Repairing Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
7. Ship Repairing Market Regional And Country Analysis
7.1. Global Ship Repairing Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
7.2. Global Ship Repairing Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
For more information about this report visit https://www.researchandmarkets.com/r/jh0agh
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AUSTIN, Texas--(BUSINESS WIRE)--#carbonreduction--Forward-thinking companies are quickly making plans to comply with disclosure requirements outlined in the Securities and Exchange Commission’s (SEC) climate proposal. To simplify the challenge, CLEAResult—the leading energy efficiency, energy transition and decarbonization solutions provider in North America—is introducing a new product to manage the process. CLEAResult ATLASTM Carbon helps companies measure, track and report their greenhouse gas emissions (GHGs).
“The fun part is the visualization of the data. You can filter and analyze data based on the needs of your team and stakeholders to tell a compelling, accurate and measurable carbon reduction story.” said Divakar Jandhyala, CLEAResult’s Chief Product and Technology Officer.
This innovative software expedites carbon tracking and provides custom reports that are fully compliant with industry standards. Businesses can view their GHG measurements and trends on a personalized dashboard using specific criteria like location, department, facility, and source of emissions. Reports can be customized for a variety of purposes, including external documents compliant with the proposed SEC requirements and GHG Protocol.
“This system was created in response to the expressed needs of our clients,” noted Rob Beckwith, VP of Carbon Consulting Business Development. “Accurately measuring their carbon footprint gives them a reliable and reportable baseline that’s essential to any type of carbon reduction plan.”
CLEAResult ATLASTM Carbon syncs with other accounting software so that data is updated automatically, saving time and reducing the likelihood of human error. The product tracks an organization’s carbon reduction and displays their information in a personalized dashboard.
“Our new product provides accurate, up-to-date and easily accessible information about an organization’s greenhouse gas emissions. This data is increasingly valuable for businesses looking to make sustainable decisions, regardless of future changes to reporting requirements,” added Jandhyala.
More information about CLEAResult ATLASTM Carbon is available on the company’s technology page. Their carbon consulting team is also offering no-cost consultations and product demonstrations for organizations of all sizes. To schedule, email Rob Beckwith at This email address is being protected from spambots. You need JavaScript enabled to view it..
About CLEAResult
CLEAResult is the largest provider of energy efficiency, energy transition and decarbonization solutions in North America. Since 2003, our mission has been to change the way people use energy. Today, our experts lead the transition to a sustainable, equitable, and carbon-neutral future for our communities and our planet. Our hometown teams collaborate with a diverse network of local partners to deliver world-class technology and personalized services that make it easy for commercial and industrial businesses, governments, utilities, and residential customers to reduce their energy use and carbon footprint. CLEAResult is headquartered in Austin, Texas, and has over 2,400 employees in more than 60 cities across the U.S. and Canada. CLEAResult is majority owned by TPG through its middle market and growth equity investment platform TPG Growth and its multi-sector global impact investing strategy The Rise Fund.
Explore all our energy solutions at clearesult.com.
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Amber Tester
Director Corporate Communications
This project marks Medline’s fifth rooftop solar project in the U.S., with more in progress
UXBRIDGE, Mass.--(BUSINESS WIRE)--Medline yesterday hosted an event to celebrate the completion of the rooftop solar installation atop its state-of-the-art Uxbridge, Massachusetts, distribution facility. Uxbridge officials, Medline employees, and solar developer PowerFlex were present to give remarks and commemorate this notable achievement. This 6.7 megawatt (MW) DC system is the fifth rooftop system Medline has completed at a facility in the U.S. The system will produce an estimated 8 million kilowatt-hours (kWh) of electricity annually with the environmental benefits of avoiding 5,700 metric tons of carbon dioxide emissions annually—a reduction equivalent to fully powering 700 homes or consuming more than 630,000 gallons of gasoline a year.
The 820,000 square-foot Uxbridge facility distributes medical products and devices across the continuum of care – including hospitals, nursing homes, surgery centers, hospice providers, and physician offices. The company has invested more than $34 million in renewable energy since 2016, with solar projects in several states, including California and Florida, and its headquarters in Northfield, Illinois. Medline has continued to expand existing systems with other projects underway at various locations.
“We established our renewable energy portfolio in 2009, when our first geothermal facility was built, and it’s been growing ever since,” said Francesca Olivier, Vice President of Environmental, Social and Governance at Medline. “We’re committed to helping healthcare run more sustainably – extending beyond our responsibility to provide sustainable products and services to our customers and looking to our own operations to determine how we can best preserve Earth’s natural resources.
“As a designated Green Community within the Commonwealth of Massachusetts, the Town of Uxbridge is pleased to see that one of our business partners, Medline, is also contributing to this effort by undertaking the roof top solar project,” said Town Manager Steven Sette. “It is our hope that other businesses in Town will follow Medline’s leadership with this project and will also work to reduce our carbon footprint for the future.”
To complete this project, Medline partnered with its long-term solar developer, PowerFlex, a national provider of intelligent onsite renewable energy solutions.
“We’re proud to be Medline’s trusted solar provider and deliver multiple rooftop projects across the country,” said Raphael Declercq, CEO of PowerFlex. “Medline’s continuing commitment to sustainability is evident as they expand their solar portfolio and take steps to mitigate their carbon footprint. We encourage other corporations to continue building healthier and more eco-friendly communities.”
About Medline:
Medline is a healthcare company; a manufacturer, distributor, and solutions provider focused on improving the overall operating performance of healthcare. Partnering with healthcare systems and facilities across the continuum of care, Medline provides the clinical and supply chain resources required for long-term financial viability in delivering high-quality care. With the scale of one of the country’s largest companies and the agility of a family-led business, Medline is able to invest in its customers for the future and rapidly respond to a dynamically changing market with customized solutions. Headquartered in Northfield, Ill., Medline has 30,000+ employees worldwide and does business in more than 125 countries and territories. Learn more about Medline at http://www.medline.com.
About PowerFlex:
PowerFlex, an EDF Renewables company, is a leading national provider of intelligent onsite energy solutions that support carbon-free electrification and transportation. The Company delivers integrated solar, storage, EV charging, and microgrid systems to businesses and organizations. As a single full-service provider, PowerFlex customizes clean technology solutions to help clients achieve their energy and sustainability goals. Through the comprehensive PowerFlex X platform, PowerFlex leverages patented smart software to control, monitor, and optimize a client's distributed energy resources to reduce cost and maximize return on investment. For more information, visit www.powerflex.com. Connect with us on LinkedIn, YouTube, and Twitter.
Jesse Greenberg | Medline | This email address is being protected from spambots. You need JavaScript enabled to view it.
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HOUSTON--(BUSINESS WIRE)--The board of directors of Phillips 66 (NYSE: PSX) has appointed Mark E. Lashier and Gregory J. Hayes to serve on the board, effective July 12, 2022. Following the appointments, the board of Phillips 66 will consist of 13 directors, 11 of whom are independent.
Lashier, who will serve on the Executive Committee of the board, was recently named as the Chief Executive Officer of Phillips 66 after serving as President and Chief Operating Officer since April 2021. Lashier, who has over 30 years of energy industry experience, served as CEO of ChevronPhillips Chemical Company LLC (“CPChem”) from August 2017 to April 2021. He joined the global petrochemical joint venture, in which Phillips 66 owns a 50% interest, when it was formed in 2000. At CPChem he served as Executive Vice President of Olefins and Polyolefins; Senior Vice President of Specialties, Aromatics and Styrenics; Vice President of Corporate Planning and Development; and Regional Manager of Asia. He began his career with Phillips Petroleum Company as a research engineer.
Hayes qualifies as an independent director and will serve on the Nominating and Governance Committee, Human Resources and Compensation Committee, and the Public Policy and Sustainability Committee of the Phillips 66 board. Hayes is the Chairman and Chief Executive Officer of Raytheon Technologies Corporation (“Raytheon”), a position he has held since June 2021. Hayes previously served as President, Chief Executive Officer and Director of Raytheon from April 2020 to June 2021; Chairman and Chief Executive Officer of United Technologies Corporation (“UTC”) from 2016 to April 2020; President, Chief Executive Officer and Director of UTC from 2014 to 2016; Senior Vice President and Chief Financial Officer of UTC from 2008 to 2014; and in various senior positions since joining UTC in 1999 through the acquisition of Sundstrand Corporation, including Vice President, Accounting and Finance, and responsibility for UTC’s Corporate Strategy function. Hayes previously served on the board of Nucor Corporation from 2014 to 2018.
About Phillips 66
Phillips 66 (NYSE: PSX) manufactures, transports and markets products that drive the global economy. The diversified energy company’s portfolio includes Midstream, Chemicals, Refining, and Marketing and Specialties businesses. Headquartered in Houston, Phillips 66 has employees around the globe who are committed to safely and reliably providing energy and improving lives while pursuing a lower-carbon future. For more information, visit phillips66.com or follow @Phillips66Co on LinkedIn or Twitter.
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832-765-2297
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