WARSAW--(BUSINESS WIRE)--It is reported that Chery will enter the European market soon and equip local consumers with the OMODA new energy vehicles with added ADAS functions.
The brand new “new energy vehicle” OMODA is equipped with an ADAS intelligent driving system and has L2.5 level automatic driving technology. In addition to the well-known ACC adaptive cruise, LDW lane departure warning, BSD blind spot monitoring and other functions, the LKA lane keeping system also has the ability to automatically control the car in corners. The following distance reminder and FCW forward collision warning systems equipped in the OMODA can give timely warnings. Even in dangerous situations, the AEB active braking can make the car stop in a timely manner completely avoiding or reducing the impact. The TSR road traffic sign recognition, TJA traffic congestion assistance, these technologies are integrated with smart transportation, which will help car owners to achieve safe and convenient travel.
As a pure electric CROSS OVER SUV, OMODA 5 can not only meet the needs of urban travel, but also provide a comfortable companionship during journeys. The OMODA 5 model has a dynamic fast-back shape, a double-layer sports rear wing, and the suspended roof design shows the sporty atmosphere of the whole vehicle, which is both technological and dynamic.
It is believed that in the near future, this pure electric SUV will bring a unique green travel experience to European consumers.
Facebook: Chery Spain
link: https://www.facebook.com/Chery-Espa%C3%B1a-105827098547919
Facebook: Chery France
link: https://www.facebook.com/Chery-France-111673837955296
Facebook: Chery Germany
link: https://www.facebook.com/Chery-Germany-106979888430597
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link: https://www.facebook.com/cheryitalia
Zhijie Zhou
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+86 18315371973
DUBLIN--(BUSINESS WIRE)--The "Geothermal Power Generation - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Global Geothermal Power Generation Market to Reach $6.6 Billion by 2026
The global market for Geothermal Power Generation estimated at US$5.1 Billion in the year 2020, is projected to reach a revised size of US$6.6 Billion by 2026, growing at a CAGR of 4.4% over the analysis period.
Growth in the global market is set to be driven by strict regulations implemented by governments concerning climate changes in both developed and developing nations.
Factors such as limited availability of fossil fuels, growing greenhouse gas emissions, unstable prices of fossil fuels, high capacity and cost-effective geothermal power, reduced pollution from geothermal power plants and growing demand for the energy are the other critical factors driving growth.
While geothermal electricity is leveraged in 26 countries, geothermal heating is used in 70 countries. Regions that are obtaining over 15% of their overall electricity from geothermal include Costa Rica, New Zealand, Iceland, Philippines, Kenya, and El Salvador.
Binary Cycle, one of the segments analyzed in the report, is projected to record a 3.7% CAGR and reach US$3.2 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Flash Steam segment is readjusted to a revised 5.4% CAGR for the next 7-year period.
Binary cycle power plant, the latest technology, is known to account for a major share of the geothermal growth being witnessed in the US and other countries over the recent times. As geofluid and working fluid do not come into direct contact in a binary cycle power plant, CO2 in geofluid is not released but is re-sequestered underground, which leads to lead to little or no emissions of greenhouse gases and particulate matter.
Flash steam power plant is the most common type of geothermal power plant, and is considered to be more energy efficient when compared to dry steam model. These plants operate on highly pressurized reservoirs with water temperatures exceeding 360F.
The U.S. Market is Estimated at $1.1 Billion in 2021, While Asia-Pacific is Forecast to Reach $2.4 Billion by 2026
Geothermal Power Generation market in the U.S. is estimated at US$1.1 Billion in the year 2021. Asia-Pacific (including China) is forecast to reach a projected market size of US$2.4 Billion by the year 2026 trailing a CAGR of 5.6% over the analysis period. Among the other noteworthy geographic markets are Japan and Europe, each forecast to grow at 2.1% and 5.0% respectively over the analysis period.
Top markets generating geothermal power include Philippines, the US, Indonesia, Japan, and Mexico due to the presence of large geothermal reserve Growing demand for electricity in developing economies, in addition to the increasing intervention by government to produce renewable energy is expected to add to the market`s growth in the Asia-Pacific region. Industrialization and urbanization across various developing markets such as India, Brazil, Mexico, and China have increased the demand for electricity.
Dry Steam Segment to Reach $756 Million by 2026
Dry steam geothermal plants, which are original types, make direct use of steam generated by hydrothermal reservoir for spinning generator turbines. Dry steam plants require a resource that generates dry steam, and have the highest efficiency with basic facilities.
In the global Dry Steam Segment, USA, Japan, Europe and Asia-Pacific will drive the 4.0% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$491.4 Million in the year 2020 will reach a projected size of US$661.0 Million by the close of the analysis period.
Asia-Pacific (including China) will remain among the fastest growing in this cluster of regional markets and is forecast to reach US$270.9 Million by the year 2026.
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
2. FOCUS ON SELECT PLAYERS (Total 40 Featured)
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. REGIONAL MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/7gilef
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
- Green energy project is B&W Renewable Service’s first bubbling fluidized bed boiler installation in Europe
- Newly acquired Denmark-based subsidiary has targeted significant opportunities in the European renewable services market
AKRON, Ohio--(BUSINESS WIRE)--$BW #renewableenergy--Babcock & Wilcox (B&W) (NYSE: BW) announced today that its newly acquired B&W Renewable Service A/S subsidiary has been awarded a contract for more than $15 million to design and install a biomass-fired boiler and other combustion equipment for a green energy project in Europe.
The 48-megawatt boiler is the first B&W-designed bubbling fluidized bed (BFB) boiler to be installed in Europe by B&W Renewable Service and will be used to provide district heating to thousands of residents and businesses.
“This green energy project, utilizing clean, renewable fuel, will provide heat for customers while reducing emissions,” said B&W Executive Vice President and Chief Operating Officer Jimmy Morgan. “Under B&W Renewable Service CEO Christopher Nysted Sørensen’s leadership, a high level of expertise and service capabilities, combined with B&W’s world-class technologies, gives us an edge in the growing market for biomass boilers and boiler services in Europe.”
In addition to the boiler, B&W will supply the boiler’s external economizer, valves, instrumentation and related equipment. The plant is scheduled to be operational in the second quarter of 2023.
About B&W
Headquartered in Akron, Ohio, Babcock & Wilcox Enterprises, Inc., is a global leader in energy and environmental technologies and services for the power and industrial markets. Follow us on Twitter @BabcockWilcox and learn more at www.babcock.com.
Forward-Looking Statements
B&W cautions that this release contains forward-looking statements, including, without limitation, statements relating to the awarding of a contract to design and install a biomass-fired boiler and related equipment for a district heating plant in Europe. These forward-looking statements are based on management’s current expectations and involve a number of risks and uncertainties. For a more complete discussion of these risk factors, see our filings with the Securities and Exchange Commission, including our most recent annual report on Form 10-K. If one or more of these risks or other risks materialize, actual results may vary materially from those expressed. We caution readers not to place undue reliance on these forward-looking statements, which speak only as of the date of this release, and we undertake no obligation to update or revise any forward-looking statement, except to the extent required by applicable law.
Investor Contact:
B&W Investor Relations
704.625.4944 | This email address is being protected from spambots. You need JavaScript enabled to view it.
Media Contact:
Ryan Cornell
Public Relations
Babcock & Wilcox
330.860.1345 | This email address is being protected from spambots. You need JavaScript enabled to view it.
DUBLIN--(BUSINESS WIRE)--The "Magneto-Rheological Fluids (MRF) - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Global Magneto-Rheological Fluids (MRF) Market to Reach $2.4 Billion by 2026
Amid the COVID-19 crisis, the global market for Magneto-Rheological Fluids (MRF) estimated at US$927.6 Million in the year 2020, is projected to reach a revised size of US$2.4 Billion by 2026, growing at a CAGR of 17.2% over the analysis period.
Given its non-colloidal and controllable nature, the MR fluid finds use in a wide range of applications including braking, damping, and clutching systems in sectors such as robotics, optics, military and defense, building and construction, aerospace, and automotive.
Growth in the global is set to be fueled by growing use in applications in various end-use industries such as warehousing and robotics, defense, aerospace, prosthetics and medical, electrical appliances, and automotive.
The advantages of MR fluids such as low energy consumption, simple system configuration, and quicker response time are expected to foster their demand. Market growth is also favored by rising interest in smart materials, increasing R&D investments, and growing efforts for developing MR fluid-based systems and equipment, particularly in Europe and North America.
The growing focus on automation among producers, increasing adoption of robots, and surging usage of MR fluid in robotics in braking and damping systems are also supporting market growth. MR fluid is also registering rising use in prosthetic devices such as exoskeletons and knees due to the increased adaptability of the product to various gait conditions.
Synthetic Hydrocarbon Oil, one of the segments analyzed in the report, is projected to grow at a 18.2% CAGR to reach US$978.4 Million by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Water segment is readjusted to a revised 17.7% CAGR for the next 7-year period. This segment currently accounts for a 21.3% share of the global Magneto-Rheological Fluids (MRF) market.
The U.S. Market is Estimated at $356.5 Million in 2021, While China is Forecast to Reach $273.7 Million by 2026
The Magneto-Rheological Fluids (MRF) market in the U.S. is estimated at US$356.5 Million in the year 2021. The country currently accounts for a 34.85% share in the global market. China, the world`s second largest economy, is forecast to reach an estimated market size of US$273.7 Million in the year 2026 trailing a CAGR of 20.8% through the analysis period.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 15.3% and 15.6% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 16.3% CAGR while Rest of European market (as defined in the study) will reach US$330 Million by the end of the analysis period. North America and Europe represent the leading regional markets for MR fluids.
In North America, the MR fluids market is being driven by the increasing use of automation technology in the manufacturing sector, growing adoption of robots in several industries, and existence of established infrastructure. Strong growth in Europe market is due to rising demand for automobiles, robots, electronic appliances, and washing machines. In Asia-Pacific region, growth is being driven by flourishing robotics market, wherein the product is employed to augment effectiveness and efficiency.
Silicon Oil Segment to Reach $413.8 Million by 2026
In the global Silicon Oil segment, USA, Canada, Japan, China and Europe will drive the 16.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$136.4 Million in the year 2020 will reach a projected size of US$404.5 Million by the close of the analysis period.
China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$39.8 Million by the year 2026.
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
2. FOCUS ON SELECT PLAYERS (Total 18 Featured)
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/91uzam
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
AKRON, Ohio--(BUSINESS WIRE)--$BW #renewableenergy--Babcock & Wilcox (B&W) (NYSE: BW) announced today that its B&W Environmental segment has been awarded a contract for more than $5 million to design and supply highly efficient SPIG® cooling towers for a pulp mill in South America.
B&W Environmental will provide a total of 18 cooling cells for three towers. The wet cooling towers are designed to reduce overall water use and maximize efficiency while high-quality, resistant materials provide the tower with an extended operable lifespan.
“We continue to see growth in demand for our technologies and services in the robust South American pulp and paper market, particularly as customers look to make their operations more efficient and environmentally friendly,” said B&W Executive Vice President and Chief Operating Officer Jimmy Morgan. “Our specialized SPIG cooling solutions can be tailored to meet the needs of pulp and paper plants and we see significant opportunities in this important market.”
B&W’s experience includes wet cooling (mechanical and natural draft) systems, dry cooling systems and hybrid cooling solutions that can be customized to site-specific requirements. SPIG technologies can be designed for a wide range of project requirements such as high seismic and wind loads, vibration control, corrosion resistance, low-noise emission, sub-freezing operation, and seawater applications.
About B&W
Headquartered in Akron, Ohio, Babcock & Wilcox Enterprises, Inc., is a global leader in energy and environmental technologies and services for the power and industrial markets. Follow us on Twitter @BabcockWilcox and learn more at www.babcock.com.
About B&W Environmental
Babcock & Wilcox Environmental offers a full suite of best-in-class emissions control products and solutions for utility and industrial steam generation applications around the world. The segment’s broad experience includes systems for ash handling, particulate control, nitrogen oxides and sulfur dioxides removal, chemical looping for carbon control, and mercury control, along with cooling solutions.
Forward-Looking Statements
B&W cautions that this release contains forward-looking statements, including, without limitation, statements relating to the awarding of a contract to design and supply cooling towers for a pulp mill in South America, as well as growth opportunities in the pulp and paper market in South America. These forward-looking statements are based on management’s current expectations and involve a number of risks and uncertainties. For a more complete discussion of these risk factors, see our filings with the Securities and Exchange Commission, including our most recent annual report on Form 10-K. If one or more of these risks or other risks materialize, actual results may vary materially from those expressed. We caution readers not to place undue reliance on these forward-looking statements, which speak only as of the date of this release, and we undertake no obligation to update or revise any forward-looking statement, except to the extent required by applicable law.
Investor Contact:
B&W Investor Relations
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Media Contact:
Ryan Cornell
Public Relations
Babcock & Wilcox
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ELGIN, Ill.--(BUSINESS WIRE)--Heritage-Crystal Clean, Inc. (Nasdaq: HCCI), a leading provider of parts cleaning, used oil re-refining, and hazardous and non-hazardous waste services primarily focused on small and mid-sized customers, today announced it has entered into a definitive agreement to acquire Patriot Environmental Services, Inc. (“Patriot”).
Patriot is a leading provider of environmental services across the Western United States specializing in a wide variety of waste services, including emergency response, industrial services, and OSRO spill response. Patriot provides full-service environmental solutions to a wide variety of end markets, serving customers within manufacturing, agriculture, construction, healthcare, mining, oil & gas, transportation, and utilities markets. From custom on-site services to industrial waste disposal, as well as wastewater treatment, Patriot operates at eighteen locations in the western and southern United States.
Heritage-Crystal Clean, Inc.’s President and CEO Brian Recatto commented, “The acquisition of Patriot will fortify our presence in the Western U.S. and enhance our nationwide service. With the addition of Patriot’s two wastewater treatment facilities, we will have ten wastewater treatment facilities throughout our network, thereby strengthening our national wastewater vacuum platform. Patriot also possesses other non-hazardous waste processing capabilities which will increase our vertical integration and support our containerized waste business in the Western U.S. reducing our logistics and disposal costs and improving our ability to compete in the larger quantity industrial generator market. In addition, this acquisition will allow us to internalize some of the field service work we currently outsource to subcontractors which should improve our profitability for these services.”
Recatto commented further, “We are very excited to welcome all of the employees of Patriot to the Heritage-Crystal Clean team. We look forward to working with our new colleagues to achieve continued success and provide premier, environmentally sustainable solutions to our customers.”
Josh Teves, President of Patriot, commented, “On behalf of the Patriot team, we are delighted to combine forces with HCCI and we are eager to leverage the Crystal Clean menu of services to deliver even more value to our customers.”
The transaction, which is subject to clearance under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 and other customary closing conditions, is expected to close in the third quarter of 2022.
Safe Harbor Statement
All references to the “Company,” “we,” “our,” and “us” refer to Heritage-Crystal Clean, Inc., and its subsidiaries. This release contains forward-looking statements that are based upon current management expectations. Generally, the words "aim," "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "plan," "project," "should," "will be," "will continue," "will likely result," "would" and similar expressions identify forward-looking statements. These forward-looking statements involve known and unknown risks, uncertainties and other important factors that could cause our actual results, performance or achievements or industry results to differ materially from any future results, performance or achievements expressed or implied by these forward-looking statements. These risks, uncertainties and other important factors include, among others: failure to complete the proposed acquisition on the proposed terms or anticipated timeline, or at all, including risks related to securing the necessary regulatory approvals and satisfaction of other closing conditions; the challenges and costs of closing, integrating and achieving anticipated benefits of the proposed acquisition; the ability to retain key employees; inflationary pricing pressures impacting our businesses and customers; developments in the COVID-19 pandemic and the resulting impact on our business and operations, general economic conditions and downturns in the business cycles of automotive repair shops, industrial manufacturing businesses and small businesses in general; increased solvent, fuel and energy costs and volatility, including a drop in the price of crude oil, the selling price of lubricating base oil, solvent, fuel, energy, and commodity costs; our ability to enforce our rights under the FCC Environmental purchase agreement; our ability to pay our debt when due and comply with our debt covenants; our ability to successfully operate our used oil re-refinery and to cost-effectively collect or purchase used oil or generate operating results; increased market supply or decreased demand for base oil; further consolidation and/or declines in the United States automotive repair and manufacturing industries; the impact of extensive environmental, health and safety and employment laws and regulations on our business; legislative or regulatory requirements or changes adversely affecting our business; competition in the industrial and hazardous waste services industries and from other used oil re-refineries; claims and involuntary shutdowns relating to our handling of hazardous substances; the value of our used solvents and oil inventory, which may fluctuate significantly; our ability to expand our non-hazardous programs for parts cleaning; our dependency on key employees; our level of indebtedness, which could affect our ability to fulfill our obligations, impede the implementation of our strategy, and expose us to interest rate risk; the impact of legal proceedings and class action litigation on us and our ability to estimate the cash payments we will make under litigation settlements; our ability to effectively manage our network of branch locations; the control of The Heritage Group over the Company; and the risks identified in the Company's Annual Report on Form 10-K filed with the SEC on March 2, 2022. Given these uncertainties, you are cautioned not to place undue reliance on these forward-looking statements. We assume no obligation to update or revise them or provide reasons why actual results may differ. The information in this release should be read in light of such risks and in conjunction with the consolidated financial statements and the notes thereto included elsewhere in this release.
About Heritage-Crystal Clean, Inc.
Heritage-Crystal Clean, Inc. provides parts cleaning, used oil re-refining, and hazardous and non-hazardous waste services primarily to small and mid-sized manufacturers and other industrial businesses as well as customers in the vehicle maintenance sector. Our service programs include parts cleaning, containerized waste management, used oil collection and re-refining, wastewater vacuum, waste antifreeze collection, recycling and product sales, and field services. These services help our customers manage their used chemicals and liquid and solid wastes, while also helping to minimize their regulatory burdens. Our customers include small-to-medium sized manufacturers, such as metal product fabricators and printers, and other industrial businesses as well as businesses involved in vehicle maintenance operations, such as car dealerships, automotive repair shops, and trucking firms. Through our used oil re-refining program during fiscal 2021, we recycled approximately 66 million gallons of used oil into high quality lubricating base oil, and we are a supplier to firms that produce and market finished lubricants. Through our antifreeze program during fiscal 2021 we recycled approximately 3.9 million gallons of spent antifreeze which was used to produce a full line of virgin-quality antifreeze products. Through our parts cleaning program during fiscal 2021 we recycled 2 million gallons of used solvent into virgin-quality solvent to be used again by our customers. In addition, we sold 0.5 million gallons of used solvent into the reuse market. Through our containerized waste program during fiscal 2021 we collected 21 thousand tons of regulated waste which was sent for energy recovery. Through our wastewater vacuum services program during fiscal 2021 we treated approximately 49 million gallons of wastewater. Heritage-Crystal Clean, Inc. is headquartered in Elgin, Illinois, and operates through 91 branches serving approximately 98,000 customer locations.
The Company uses its website to make information available to investors and the public at www.crystal-clean.com.
Mark DeVita, Chief Financial Officer, at (847) 836-5670
DUBLIN--(BUSINESS WIRE)--As part of its ongoing focus on transparency, intelligent power management company Eaton (NYSE:ETN) today released two reports featuring the company’s progress in meeting its 2030 sustainability goals.
Eaton’s 2021 Sustainability Report highlights efforts toward achieving the company’s science-based greenhouse gas reduction (GHG) targets, its commitment to become carbon neutral by 2030 and other sustainability initiatives. Eaton’s 2022 Task Force on Climate-related Financial Disclosures (TCFD) Report details Eaton’s forward-thinking approach to climate-related risks and opportunities.
The reports show Eaton is ahead or on pace to meet many of its targets, including:
Full results can be seen on the company’s 2021 Sustainability Dashboard.
“In these external reports, we’re pleased to report our progress toward our 2030 sustainability goals,” said Craig Arnold, chairman and chief executive officer, Eaton. “They demonstrate our commitment to delivering sustainable solutions to the world and the significant progress we have made over the last few years.”
“These reports highlight how we’re helping decarbonize electricity and optimize energy usage for our customers around the world, and at home in our own operations,” said Harold Jones, chief sustainability officer and executive vice president, Eaton Business System, Eaton. “This critical work is all in service of our mission and core to the fabric of our organization.”
Eaton is an intelligent power management company dedicated to improving the quality of life and protecting the environment for people everywhere. We are guided by our commitment to do business right, to operate sustainably and to help our customers manage power ─ today and well into the future. By capitalizing on the global growth trends of electrification and digitalization, we’re accelerating the planet’s transition to renewable energy, helping to solve the world’s most urgent power management challenges, and doing what’s best for our stakeholders and all of society.
Founded in 1911, Eaton has been listed on the NYSE for nearly a century. We reported revenues of $19.6 billion in 2021 and serve customers in more than 170 countries. For more information, visit www.eaton.com. Follow us on Twitter and LinkedIn.
Margaret Hagan, +1 (440) 523-4343
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GREEN BAY, Wis.--(BUSINESS WIRE)--Schneider (NYSE: SNDR), a premier multimodal provider of trucking, intermodal and logistics services today announced it will report its second quarter 2022 results pre-market on Thursday, July 28, 2022. The Company will also hold a conference call to discuss results at 10:30 a.m. (Eastern Time) that day.
The conference call can be accessed by dialing 877-451-6152 (U.S.) or 201-389-0879 (international). A replay will be available approximately three hours after the call through August 4th, by dialing 844-512-2921 (U.S.), or 412-317-6671 (international). The passcode for the replay is 13730762.
The Company will also host a live webcast of its conference call which may be accessed on the Investor Relations section of the Company's website, schneider.com.
About Schneider
Schneider is a premier multimodal provider of transportation, intermodal and logistics services. Offering one of the broadest portfolios in the industry, Schneider’s solutions include Regional and Long-Haul Truckload, Expedited, Dedicated, Bulk, Intermodal, Brokerage, Warehousing, Supply Chain Management, Port Logistics and Logistics Consulting.
With $5.6 billion in annual revenue, Schneider has been safely delivering superior customer experiences and investing in innovation for over 85 years. The company’s digital marketplace, Schneider FreightPower®, is revolutionizing the industry giving shippers access to an expanded, highly flexible capacity network and provides carriers with unmatched access to quality drop-and-hook freight – Always Delivering, Always Ahead.
For more information about Schneider, visit Schneider.com or follow the company socially on Facebook, LinkedIn and Twitter: @WeAreSchneider.
Source: Schneider SNDR
Media Relations Contact
Kara Leiterman, Schneider
M 920-370-7188
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Investor Relations Contact
Steve Bindas, Schneider
920-357-SNDR (7637)
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JACKSONVILLE, Fla.--(BUSINESS WIRE)--$RDW--Redwire Corporation (NYSE: RDW), a leader in space infrastructure for the next generation space economy, announced today that it has successfully delivered the second pair of International Space Station Roll-Out Solar Arrays (iROSA) to Boeing, NASA’s prime contractor for space station operations. The on-time delivery follows acceptance testing consisting of multiple ambient functional deployments, vibration, and cold and hot temperature deployments. The solar arrays are currently undergoing flight package integration and are slated to launch on an upcoming commercial resupply flight to the International Space Station (ISS).
Redwire is under contract with Boeing to provide iROSA solar arrays for the ISS. Redwire is responsible for the design, analysis, manufacture, test and delivery of six new solar arrays that will augment the ISS’s power supply. The first two iROSA solar arrays were installed on the ISS in June 2021 and are operating as expected with nominal output.
“Redwire is proud to partner with Boeing to provide critical power generation technology supporting the International Space Station, which remains the crown jewel of global human spaceflight,” said Tom Campbell, Redwire’s Executive Vice President of Deployable Solutions. “These next two iROSA wings will provide a crucial power boost to support the vital work that is happening on station, while further demonstrating this innovative technology that will enable numerous public and private sector activities in low-Earth Orbit, on and around the Moon and beyond.”
Using 30.7% efficient XTJ Prime solar cells from Boeing’s Spectrolab, each iROSA array is one of the most powerful ever manufactured and will provide more than 28 kilowatts of power. Combined, the six new arrays are designed to produce more than 120 kilowatts over 10 years and will substantially improve the overall power-generating capability of the ISS by 20 to 30 percent.
Redwire‘s Roll-Out Solar Array (ROSA) technology is compact, modular and scalable, making it ideal for use on the ISS and other spaceflight platforms. iROSA uses large, flexible solar arrays with composite booms that are rolled up for storage, launch and delivery. When installed, each iROSA unit unrolls without the need for motors or other equipment, giving iROSA an advantage over rigid solar arrays and other traditional technologies. The technology behind iROSA was first demonstrated on the ISS in June 2017.
Redwire is also producing various modular versions of ROSA for many government and commercial spaceflight applications, including the Power and Propulsion Element for NASA’s Gateway program. ROSA technology is currently enabling NASA’s Double Asteroid Redirection Test Mission, which launched in November 2021.
About Redwire
Redwire Corporation (NYSE: RDW) is a leader in space infrastructure for the next generation space economy, with valuable IP for solar power generation and in-space 3D printing and manufacturing. With decades of flight heritage combined with the agile and innovative culture of a commercial space platform, Redwire is uniquely positioned to assist its customers in solving the complex challenges of future space missions. For more information, please visit www.redwirespace.com.
Media Contact:
Tere Riley
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BOSTON--(BUSINESS WIRE)--SES AI Corporation (NYSE: SES), a global leader in the development and manufacturing of high-performance lithium-metal (Li-Metal) rechargeable batteries for electric vehicles (EVs) and other applications, today announced the appointment of Kyle Pilkington to the position of Chief Legal Officer, effective July 1, 2022. Pilkington, who was previously VP, Legal, is based in the United States and replaces Joanne Ban on the company’s Executive Team. Ban is retiring from the position due to health reasons but will continue to serve SES as an advisor to the CEO.
SES Founder & CEO, Qichao Hu said: “I am pleased to welcome Kyle to SES’s Executive Team. He brings a wealth of global experience particularly in securities laws matters and the effective oversight of legal, governance and regulatory matters and will play a key role working with me, our Board and the rest of our team as we continue to grow and strengthen the company. We also thank Joanne for all the valuable contributions over the past few years and wish her speedy recovery and great health.”
Pilkington has an accomplished career advising public and private companies in the United States and internationally on a wide variety of transactions and other corporate matters. Prior to joining SES, Pilkington served as Associate General Counsel at International Game Technology, where he was responsible for securities and corporate governance matters. Before that, Pilkington spent 14 years in private practice at Gibson, Dunn & Crutcher, Baker McKenzie and Sullivan & Cromwell in New York, Sydney and Singapore, specializing in cross-border transactions, securities law and capital markets transactions. Pilkington holds a J.D. from the University of Chicago and a B.A. in economics from Middlebury College.
About SES
SES is a global leader in development and production of high-performance Li-Metal rechargeable batteries for electric vehicles (EVs) and other applications. Founded in 2012, SES is an integrated Li-Metal battery manufacturer with strong capabilities in material, cell, module, AI-powered safety algorithms and recycling. Formerly known as Solid Energy Systems, SES is headquartered in Boston and has operations in Singapore, Shanghai, and Seoul. To learn more about SES, please visit: ses.ai/investors/
SES may use its website as a distribution channel of material company information. Financial and other important information regarding SES is routinely posted on and accessible through the Company’s website at www.ses.ai. Accordingly, investors should monitor this channel, in addition to following SES’s press releases, Securities and Exchange Commission filings and public conference calls and webcasts.
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OTTAWA, Ontario--(BUSINESS WIRE)--#Biochar--Invert Inc. ("Invert" or “the Company"), a specialized carbon emissions reduction and offsetting company focused on making carbon credits accessible to individuals and empowering businesses on their carbon reduction journey, is pleased to announce the Company has signed a purchase agreement with a South American biological charcoal (“biochar”) supplier. Through this agreement, Invert has received CO2 Removal Certificates (“CORCS”), verified by Puro.earth, the world’s first carbon removal marketplace, which provides the Company with an immediate supply of high-quality verified carbon removal credits available to both corporate and individual customers.
CORCS are typically derived from the production and implementation of biochar, a charcoal-like material produced from plants and other biological materials that are decomposed at high temperatures. The process creates highly absorbent charcoal that sequesters Greenhouse Gases (GHGs) and helps soil retain nutrients and water. The carbon in biochar does not degrade and can store carbon in soils for hundreds of years. Biochar was among the IPCC’s short-list of Negative Emission Technologies (NETs) that could provide a significant sequestration impact.
“Biochar is very effective at sequestering carbon and storing it for centuries,” said Andre Fernandez, Co-CEO, Invert Inc. “Long-term removal solutions like biochar are a key component in driving meaningful reductions of carbon dioxide from our atmosphere. As with our previously announced record breaking CarbonCure mineralization investment, Invert remains squarely focused on investing in the highest quality carbon credit solutions, both technological and nature-based.”
Biochar provides a tool to absorb net carbon from the atmosphere, lowers the need for fertilizer, and slows down water runoff. This agreement will be a starting point to further CORC purchases and carbon removal developments as the partnership grows and works towards a more sustainable planet for future generations.
About Invert
Invert operates at the core of the carbon reduction ecosystem, from financing the removal of carbon from our atmosphere via high-quality carbon offset projects to empowering businesses and individuals on their emissions reduction journeys. Invert invests in carbon credit projects that produce high-quality, meaningful carbon reduction and removal credits that will help save our world. By selling these credits to individuals or businesses, the Company generates revenue that can be reinvested towards further projects that reduce or remove CO2 from the atmosphere. Working directly with businesses to help them understand and reduce the carbon footprint of their operations and reduce the Scope 1, 2, and 3 emissions they generate. Invert is also creating a place where individuals can go to learn about what they can do themselves to address the pressing issue of climate change. The Company helps individuals understand their own impact on the world and gives them a chance to support projects that reduce greenhouse gas emissions. The goal is for every individual to be carbon neutral, and Invert will help get people there in an engaging manner with rich content and community. Please visit our website for more information: https://join.invert.world/
Forward-Looking Statements
This news release contains forward-looking statements. Forward-looking statements contained in this news release include, but are not limited to, the intentions of the Corporation to complete the Offering, the planned use of the proceeds of the Offering and future development and financial prospects of the Corporation. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Invert to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors that could affect the outcome include, among others: volatility in prices of carbon credits and demand for carbon credit; expectations regarding carbon market trends, overall carbon market growth rates and prices for carbon credits; inability to raise the money necessary to execute its business plan and strategies; the Corporation's business plans and strategies, including acquiring carbon credits, streams and interests in carbon credit projects or entities involved in carbon credits or related businesses; the political, social and economic conditions in each jurisdiction in which the Corporation holds an investment; terrorism, insurrection or war; or delays in obtaining governmental approvals. Although Invert has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking statements contained herein are made as of the date of this news release and Invert disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable securities laws.
Caitlin O’Hara
Head of Corporate Communications
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1-613-621-9638
Beloit Solar Farm, developed by Priority Power, will generate 2MW of renewable solar energy
BELOIT, Kan. & HOUSTON--(BUSINESS WIRE)--Priority Power (“Priority Power”) is proud to add to the storied history of electrification in Beloit, Kansas with the official opening of the Beloit Solar Farm (“BSF”). BSF is a 2MW solar farm that will provide clean, renewable, reliable electric power to the City of Beloit.
The Beloit community has been a leader in electrification since the creation of their first power plant 124 years ago, which still stands today. The solar farm is the latest example of residents’ commitment to clean energy, having purchased hydropower, natural gas, and wind energy in the past. This project will allow the City of Beloit to continue to provide reliable, cost-effective power to the community while also delivering another sustainable energy solution to its customers.
The Beloit Solar Farm was developed and built by, and will be operated and maintained by Priority Power, a leader in energy optimization and electrification infrastructure. The farm will provide enhanced reliability to the city’s power portfolio and help meet future demands from customers with more affordable energy during peak demand hours.
“Our community has been a leader in self-generating energy for over a century, and it is truly an honor to be able to continue that history with the official opening of the new Beloit Solar Farm,” said Jason Rabe, Beloit City Manager. “Priority Power has been a great partner and has helped this project come to life, providing the expertise to bring this project to fruition in a challenging environment. This project will provide another tool in our toolbox to provide more affordable, reliable power to our customers and will provide educational opportunities for our local students, both in local schools and NCK Technical College. Our community might be humble and typically keep quiet, but we are very proud of our history and today adds to that history.”
“The Beloit Solar Farm is an amazing project and we are thankful to the City of Beloit, the Mayor and Council, Jason and his team, and especially the community for their support,” said Rick Borry, Managing Director of Renewable Power at Priority Power. “Priority Power has many Jayhawks and Wildcats on our team, and being able to work in a community and a state with such a storied history of power generation and electrification has been incredible.”
About Beloit, Kansas
Beloit is a hub for business and manufacturing located in North Central Kansas. Beloit is the county seat for Mitchell County and home to North Central Technical College, USD #273, St. John’s Catholic Schools, Mitchell County Hospital Health Systems, and Chautauqua Park. Beloit is built on agriculture and diversified with manufacturing, retail, technology, commodity marketing, and hospitality. Located in a mecca of hunting and fishing, Beloit is a place where you can visit, fall in love, and stay to raise your family–Welcome home. Visit us online at https://www.beloitks.org/.
About Priority Power
Priority Power is leading the energy transition with integrity, trust, and transparency. Priority Power combines energy optimization and infrastructure expertise with our proprietary technology, PriorityView, to help businesses and organizations achieve decarbonization and sustainability goals while also maximizing savings and efficiency.
To learn more, visit www.prioritypower.com.
City of Beloit:
Jason Rabe
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Priority Power:
Katherine Tappan
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DALLAS--(BUSINESS WIRE)--Flowserve Corporation (NYSE: FLS), a leading provider of flow control products and services for the global infrastructure markets, announced today the release of its 2021 Environmental, Social and Governance (ESG) Report outlining the company’s commitment to create extraordinary flow control solutions that make the world better for everyone.
“Our purpose is what drives us to invest in and develop our ESG priorities at Flowserve because we recognize that positively impacting current and future environmental, social and governance issues is an endeavor that benefits everyone,” said Scott Rowe, president and chief executive officer. “Our commitment to ESG impacts every part of the business, including our Diversification, Decarbonization and Digitization strategy. We believe this strategy will not only enhance our ESG efforts but will also allow us to play a critical role in supporting our customers build a better tomorrow."
Flowserve’s 2021 ESG Report highlights the impact Flowserve made throughout the year including the following examples:
Additionally, in 2021, Flowserve conducted a third-party materiality assessment of ESG issues impacting the company as well as those over which Flowserve has an influence. The results of this assessment will be used to inform Flowserve’s ESG strategy and priorities as it continues to move its ESG program forward to provide greater impact to its business, society and the environment.
For more information on Flowserve’s ESG progress, or to access the Flowserve 2021 ESG Report and 2021 ESG Report Executive Summary, visit our Corporate Sustainability page on Flowserve.com.
About Flowserve: Flowserve Corp. is one of the world’s leading providers of fluid motion and control products and services. Operating in more than 55 countries, the company produces engineered and industrial pumps, seals and valves as well as a range of related flow management services. More information about Flowserve can be obtained by visiting the company’s Web site at www.flowserve.com.
Safe Harbor Statement: This news release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. Words or phrases such as "may," "should," "expects," "could," "intends," "plans," "anticipates," "estimates," "believes," "forecasts," "predicts" or other similar expressions are intended to identify forward-looking statements, which include, without limitation, earnings forecasts, statements relating to our business strategy and statements of expectations, beliefs, future plans and strategies and anticipated developments concerning our industry, business, operations and financial performance and condition.
The forward-looking statements included in this news release are based on our current expectations, projections, estimates and assumptions. These statements are only predictions, not guarantees. Such forward-looking statements are subject to numerous risks and uncertainties that are difficult to predict. These risks and uncertainties may cause actual results to differ materially from what is forecast in such forward-looking statements, and include, without limitation, the following: a portion of our bookings may not lead to completed sales, and our ability to convert bookings into revenues at acceptable profit margins; changes in global economic conditions and the potential for unexpected cancellations or delays of customer orders in our reported backlog; our dependence on our customers’ ability to make required capital investment and maintenance expenditures; risks associated with cost overruns on fixed-fee projects and in taking customer orders for large complex custom engineered products; the substantial dependence of our sales on the success of the oil and gas, chemical, power generation and water management industries; the adverse impact of volatile raw materials prices on our products and operating margins; our ability to execute and realize the expected financial benefits from our strategic manufacturing optimization and realignment initiatives; economic, political and other risks associated with our international operations, including military actions or trade embargoes that could affect customer markets, particularly Middle Eastern markets and global oil and gas producers, and non-compliance with U.S. export/re-export control, foreign corrupt practice laws, economic sanctions and import laws and regulations; increased aging and slower collection of receivables, particularly in Latin America and other emerging markets; our exposure to fluctuations in foreign currency exchange rates, including in hyperinflationary countries such as Venezuela; our furnishing of products and services to nuclear power plant facilities and other critical processes; potential adverse consequences resulting from litigation to which we are a party, such as litigation involving asbestos-containing material claims; a foreign government investigation regarding our participation in the United Nations Oil-for-Food Program; expectations regarding acquisitions and the integration of acquired businesses; our ability to anticipate and manage cybersecurity risk, including the risk of potential business disruptions or financial losses; our relative geographical profitability and its impact on our utilization of deferred tax assets, including foreign tax credits; the potential adverse impact of an impairment in the carrying value of goodwill or other intangible assets; our dependence upon third-party suppliers whose failure to perform timely could adversely affect our business operations; the highly competitive nature of the markets in which we operate; environmental compliance costs and liabilities; potential work stoppages and other labor matters; our inability to protect our intellectual property in the U.S., as well as in foreign countries; obligations under our defined benefit pension plans; and other factors described from time to time in our filings with the Securities and Exchange Commission.
All forward-looking statements included in this news release are based on information available to us on the date hereof, and we assume no obligation to update any forward-looking statement.
Investor Contacts:
Jay Roueche, Vice President, Investor Relations & Treasurer, (972) 443-6560
Mike Mullin, Director, Investor Relations, (972) 443-6636
Media Contact:
Lars Rosene, Vice President, Corporate Communications & Public Affairs, (972) 443-664
Pacific Northwest shipping operator to benefit from new owners’ strength and resources
PUYALLUP, Wash.--(BUSINESS WIRE)--The acquisition of Westwood Shipping Lines by Swire Shipping was finalized today, following regulatory approvals and completion of standard closing conditions. Swire’s ownership will allow Westwood, an independent niche vessel operator specializing in the trade between the Pacific Northwest and Northeast Asia, to work in partnership with Swire Shipping to better serve its customers, according to Westwood President and CEO Jack Mahoney.
Westwood, headquartered in Puyallup, Wash., connects the Japan and Korea markets with ports in Washington state and British Columbia and inland points in the US and Canada through those ports. “I can’t imagine a better outcome for Westwood,” Mahoney said. “We’re moving from strength to strength. We now have ownership with shipping at its core. We will combine Swire Shipping’s strengths with Westwood’s independent operation, one serving its customers safely, reliably, personally, and locally.”
Mahoney added that the synergies and capabilities with containers, networks, and projects would elevate Westwood’s operations to its customers’ benefit. Westwood will continue to provide its current services with its strong team of professionals in Canada, China, Japan, Korea, and the US. Senwa Maritime Agency, Ltd., will continue to serve as Westwood’s general agent in Japan, along with Hyop Woon International Co., Ltd., its long-time agent in Korea.
Westwood announced in April 2022 that its owner, J-WeSco Ltd., a subsidiary of a group of Japanese companies led by the Sumitomo Warehouse Co Ltd, had signed a definitive agreement with Swire Shipping to sell the US-based company as part of a corporate strategy to focus on its core businesses of warehousing, stevedoring, real estate, and logistics. Swire Shipping’s acquisition of Westwood complements its growth strategy to widen its liner network while vertically integrating shipping services.
About Westwood Shipping Lines
Westwood Shipping Lines, founded in 1980, is an independent vessel operator specializing in the trade between the Pacific Northwest and North Asia. Its approach to success is its service and versatility, with reliable schedules and superior cargo handling capabilities to safely transport its customers’ cargo. Oversized cargo, containers, breakbulk, and forest products sail together on the same Westwood ships. Its flexible ship design permits safe and efficient handling of all types of cargo — no matter how bulky or fragile. J-WeSco Ltd purchased Westwood Shipping Lines in 2011 from Weyerhaeuser. For more information, please visit www.wsl.com.
About Swire Shipping
Swire Shipping is dedicated to facilitating and growing trade in its operating regions. Swire Shipping provides several high-frequency liner shipping services in the Asia Pacific and specializes in a wide range of specialist customer solutions for project, heavy lift, refrigerated, breakbulk, and mini-bulk cargoes. It connects 400 ports via an extensive network of services in the Asia-Pacific and globally. It maintains a worldwide agency network in addition to its own representative offices across the Asia-Pacific, Pacific Islands, North America, and Europe, providing its customers with dedicated service and expert market knowledge. For more information, please visit www.swireshipping.com.
Jennifer West
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+1 (509) 475-1855
Driving Environmental, Social and Governance leadership as a competitive growth advantage
DAVIDSON, N.C.--(BUSINESS WIRE)--Ingersoll Rand Inc. (NYSE:IR) published the company’s 2021 Global Sustainability Report this week, detailing how the company advances customers’ sustainability goals with innovative products and services, meets the demands of high-growth sustainable end markets through new product innovation and focuses on sustainability improvements in its own operations.
The report also showcases how Ingersoll Rand’s Operate Sustainably strategic imperative, which is one of its five strategic imperatives along with Deploy Talent, Accelerate Growth, Expand Margins and Allocate Capital Effectively, is interwoven through all of its other strategies.
Highlights from the Sustainability Report include the company’s successes in:
“Ingersoll Rand leads by example to help Make Life Better for our employees, customers, stockholders, communities and planet,” said Vicente Reynal, chairman and CEO, Ingersoll Rand. “We have an opportunity to help our customers reduce their GHG emissions and consumption of water and materials through our sustainable products and services. In addition, our portfolio of products and services has become more strategically focused on serving high-growth, sustainable end markets. We also have a responsibility to continue to drive energy, water and waste reduction in our own operations as we progress toward our 2050 goal of net zero, and remain committed to making progress on our critically important DE&I goals.”
Ingersoll Rand plans to host an investor conference call during the third quarter to more thoroughly discuss its Sustainability Report and progress. Details regarding the date and timing of this call will be announced in the future.
Ingersoll Rand’s 2021 Sustainability Report has been prepared in accordance with the Global Reporting Initiative (GRI) Sustainability Reporting Standards and is aligned with the Sustainable Accounting Standards Board (SASB) requirements, Task Force for Climate Related Financial Disclosures (TCFD) and the U.N. Global Compact framework.
Download and view the full report here.
About Ingersoll Rand Inc.
Ingersoll Rand Inc. (NYSE:IR), driven by an entrepreneurial spirit and ownership mindset, is dedicated to helping make life better for our employees, customers and communities. Customers lean on us for our technology-driven excellence in mission-critical flow creation and industrial solutions across 40+ respected brands where our products and services excel in the most complex and harsh conditions. Our employees develop customers for life through their daily commitment to expertise, productivity and efficiency. For more information, visit www.IRCO.com.
1Employees must be full time and have one year of service to be eligible. Not available to employees where prohibited by local law or regulation or where such grant is required to be bargained for with an employee union unless such grant is agreed to as part of such bargaining.
Media:
Misty Zelent
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Investor Relations:
Matthew Fort
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IRVING, Texas--(BUSINESS WIRE)--Vizient, Inc. joined the Biden Administration for a White House event today with the U.S. Department of Health and Human Services (HHS), where Byron Jobe, Vizient CEO, and industry colleagues pledged meaningful action to decarbonize the health care sector and make health care facilities more resilient to the effects of climate change.
Vizient has committed to meet the Biden administration’s climate goal of reducing emissions by 50 percent by 2030 and achieving net zero emissions by 2050 and is already taking steps to reduce its climate impacts. The White House event offers a sector-wide display of cooperation between Vizient, its private sector peers, and federal health systems.
Vizient has worked closely with industry partners to educate and advocate for one sustainability product standard across healthcare organizations, suppliers, manufacturers and group purchasing organizations. Over the past five years, Vizient has provided our list of 23 environmentally preferred product attributes to any organization who requests it including our competitors. Vizient believes if all organizations operate from one common set of guidelines, change will be expedited. Since we began circulating our attributes, two additional group purchasing organizations and hundreds of health systems have adopted the attributes.
“Being a responsible steward of our environment is integral to Vizient’s strategy and mission,” said Byron Jobe, Vizient president and CEO. “We are committed to helping our member health care organizations increase their adoption of products that are environmentally preferred as they deliver the highest quality care to their patients.”
In September 2021, 200 medical journals named climate change the number one threat to global public health. Millions of people living in the United States already experience associated harm —with disproportionate impacts on disadvantaged and underserved communities—through more frequent and intense periods of extreme heat, wildfires, flooding, vector-borne diseases and other factors that worsen chronic health conditions.
The Office of Climate Change and Health Equity (OCCHE), part of HHS under the Assistant Secretary for Health, developed the health sector climate pledge in conjunction with the White House to help focus industry response to climate change. In addition to reducing their carbon footprint, signatories also commit to producing detailed plans to build climate resilience for their facilities and the communities they serve.
The June 30 White House event will include leaders from companies and organizations representing hundreds of hospitals and numerous health centers, as well as pharmaceutical companies, medical device-makers, suppliers and group purchasing organizations. The health care sector accounts for approximately 8.5 percent of U.S. domestic climate-warming emissions.
“Public health decisions have to be based on the realities of climate change, and we all need to do more to make that happen at the national level,” said ADM Rachel Levine, the Assistant Secretary for Health. “We’re seeing right now what extreme temperatures and more severe storms can do to human health, environmental quality and our physical infrastructure. It’s great to see so many different companies and organizations come together to decarbonize and become partners in protecting human health from climate change. Today’s announcement is just the beginning of a longer ongoing effort with partners from across the medical sector, which is exactly the kind of big response we need as a country.”
For more information about how Vizient is responding to our nation’s climate challenges, visit www.vizientinc.com.
About Vizient, Inc.
Vizient, Inc., the nation’s largest health care performance improvement company, serves more than 50% of the nation’s acute care providers, which includes 97% of the nation’s academic medical centers, and more than 20% of ambulatory care providers. Vizient provides expertise, analytics and advisory services, as well as a contract portfolio that represents more than $130 billion in annual purchasing volume. Vizient’s solutions and services improve the delivery of high-value care by aligning cost, quality and market performance. Headquartered in Irving, Texas, Vizient has offices throughout the United States. Learn more at www.vizientinc.com.
About the Office of Climate Change and Health Equity
The Office of Climate Change and Health Equity (OCCHE) plays a vital role in protecting the nation’s health from climate change-related risks, including extreme heat, natural disasters, vector-borne diseases and more. OCCHE is looking forward to providing technical supports to companies that wish to reduce their environmental impact and become more resilient to the impacts of climate change, setting national health goals and objectives and supporting programs, services, and education activities that improve the health of all Americans. OCCHE is part of the Office of the Assistant Secretary for Health (OASH) within the U.S. Department of Health and Human Services. To learn more about OCCHE visit https://www.hhs.gov/ash/ocche/index.html.
Donna Ledbetter
(972) 830-6321
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SEATTLE--(BUSINESS WIRE)--Convoy, the nation’s leading digital freight network, today announced an expanded partnership with MercuryGate® International, Inc., (MercuryGate), the largest independent Transportation Management System (TMS) provider, to help freight brokers automate the brokerage process, control costs, and access elastic capacity from more than 400,000 connected trucks through the recently launched Convoy for Brokers offering.
Building upon a multi-year partnership between the two companies, the expanded agreement includes API integrations that give MercuryGate’s customers access to Convoy’s nationwide carrier network, along with numerous operational benefits. In the coming months, freight brokers will be able to seamlessly post loads to Convoy’s marketplace through MercuryGate to quickly view competitive bids and secure capacity. Once loads are posted, Convoy’s technology automates pricing, load matching, carrier safety and compliance checks, appointment scheduling, GPS tracking, document management and carrier payment - allowing brokerages to increase efficiency and improve service quality while remaining the broker of record on their shipments.
As more brokers add shipment volume to Convoy’s marketplace, carriers also benefit from access to additional quality loads while continuing to realize the benefits they’ve become accustomed to from Convoy, including hassle-free detention, in-app feedback on their bids, Convoy QuickPay™, and more.
“MercuryGate is always looking for ways to provide our customers with more transportation capacity and real-time competitive rates. At the same time, we know that for them to grow sustainably, they need to digitize and automate manual processes across their business,” said Jeffrey Varon, MercuryGate Chief Strategy Officer. “We are excited to expand our partnership with Convoy and provide our freight brokerage customers more tools to gain a competitive edge.”
Launched in November 2021, Convoy for Brokers is part of the company’s commitment to building a future of freight based on collaboration and transparency. Industry-leading freight providers are using the new program to tap into Convoy’s elastic capacity and expand their carrier bases while doubling the productivity of their brokers through automation.
“Convoy’s mission is to transport the world with endless capacity and zero waste. The only way to achieve that mission is by partnering with other technology platforms and freight providers to share the benefits of a digital freight network,” said Brooks McMahon, Chief Business Development Officer at Convoy. “With today’s announcement, we’re making it easier for MercuryGate’s broker community to source elastic capacity from our carrier network and make the brokering process more efficient.”
Convoy for Brokers is available to freight brokerages nationwide. Learn more at www.convoy.com/brokers.
About MercuryGate
MercuryGate provides powerful transportation management solutions proven to be a competitive advantage for today’s most successful shippers, 3PLs, brokers and carriers. The comprehensive Software-as-a-Service (SaaS) product suite (TMS, Final Mile and Claims) natively supports all transportation modes and segments, generating value for its users through improved cost, productivity, and efficiency by using artificial intelligence (AI), machine learning (ML), and connected technologies to adapt and automate transportation management functions. MercuryGate makes shipping intelligent, simple, sustainable and transformational for customers. Learn more at www.mercurygate.com.
About Convoy
Convoy is the nation’s leading digital freight network. We move thousands of truckloads around the country each day through our optimized, connected network of carriers, saving money for shippers, increasing earnings for drivers, and eliminating carbon waste for our planet. We use technology and data to solve problems of waste and inefficiency in the $800B trucking industry, which generates over 87 million metric tons of wasted CO2 emissions from empty trucks. Fortune 500 shippers like Anheuser-Busch, Procter & Gamble, Niagara, and Unilever trust Convoy to lower costs, increase logistics efficiency, and achieve environmental sustainability targets.
Sam Hallock
425-241-8954
Presentation outlines how next-generation, sustainable motors are helping the semiconductor industry reduce its carbon footprint
AUSTIN, Texas--(BUSINESS WIRE)--Infinitum Electric, creator of the sustainable, breakthrough air- core motor, today announced it will be presenting at SEMICON West 2022, North America’s largest exhibition and conference for the microelectronics supply chain, to be held in San Francisco at the Moscone Center July 12-14.
As part of the conference’s Global Sustainability Summit, which aims to spark awareness and collaboration for industry decarbonization, Infinitum Electric will exhibit at the Startups for Sustainability Pavilion and showcase how its next-generation motors are helping the semiconductor manufacturing industry reduce its carbon footprint.
WHAT: |
Startups for Sustainability Presentation
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WHO: |
Bhavnesh Patel, VP of Business Development, Infinitum Electric |
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WHERE: |
Startups for Sustainability Pavilion - Meet the Experts Theater |
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Moscone South, Exhibition Level, Room 2 |
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WHEN: |
July 14, 2022 at 11:25am PT |
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CONTACT: |
To arrange a meeting with Infinitum Electric and learn more, email This email address is being protected from spambots. You need JavaScript enabled to view it.. |
About Infinitum Electric
Infinitum Electric has raised the bar for a new generation of motor that is better for the planet and people. The company’s patented air-core motors offer superior performance in half the weight and size, at a fraction of the carbon footprint of traditional motors, making them pound for pound the most efficient in the world. Infinitum Electric motors open up sustainable design possibilities for the machines we rely on to be smaller, lighter and quieter, improving our quality of life while also saving energy. Based in Austin, Texas, Infinitum Electric is led by a team of industry experts and pioneers. To learn more, visit www.infinitumelectric.com.
Erin Gilmore
Activate PR on behalf of Infinitum Electric
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512-466-4559
Product Suite Provides Energy, Land, and Capital Markets Industries with Increased Insight into Land Resources
DENVER--(BUSINESS WIRE)--LandGate Corp., the United States’ leading marketplace and data provider for commercial land and its resources including solar, wind, minerals, water, and carbon, today announced the release of the “PowerTools Suite.”
The PowerTools Suite brings together large troves of data, property listings, landowner information and filtering capabilities that will profoundly change the way developers and land real estate agents source and evaluate land.
"With the PowerTools Suite, energy operators, investors and land real estate agents can access the best quality renewable energy and carbon data with advanced filtering and search, a marketplace of active deals and more," said LandGate CEO and Co-Founder Yoann Hispa. "With this powerful addition to the market, investors and real estate agents can easily build a land asset position and print out reports that will aggregate — for all of the parcels selected — the potential value for solar farms, wind farms, carbon credits, water rights, agricultural/forestry value and rare earth minerals. As a larger segment of the energy sector turns toward renewables, PowerTools will be a boon for the industry, simplifying property analysis and helping professionals find, value and exchange land resources efficiently."
The suite includes two new tools and enhancements to two existing LandGate products:
“With fierce competition among energy developers and land real estate agents, rigorous analysis of property resources has never been more important, and this reality is driving a significant uptick in demand from our customers,” said Eric Thompson, Managing Director at LandGate. “By bringing together an unrivaled collection of filterable data along with listings and landowner information, the LandGate software is making every stakeholder more efficient, changing the way developers make land evaluations and transactions, and hastening the country’s path toward a renewable energy future.”
These software upgrades come on the heels of LandGate’s $10-million Series B financing, which was led by NextEra Energy Resources. In addition to PowerTools Suite and other upgrades to the product suite, which are slated to be rolled out in the coming months, the firm is also bolstering its marketing and sales efforts to increase market penetration across the country.
About LandGate
LandGate is the leading provider of information, data solutions, and an online marketplace for US commercial land and its resources: solar, wind, carbon, minerals, and water. The company helps developers, investors, real estate agents, and landowners understand energy and environmental resource values and connect on its online marketplace for everything land-related. LandGate’s platform applies its technology to provide leads, data, analytics, and web applications to substantially reduce costs and accelerate land transactions.
LandGate has a differentiated product advantage built on the digitization of land resource data and valuations. With LandGate’s data solutions and web applications, developers, investors, and real estate professionals can (1) run economic engineering studies in minutes, (2) access land leads and MLS listings, and (3) manage their leads in a land CRM web app connecting their team and Salesforce.
LandGate was founded in 2016 in Denver, Colorado. In 2019, LandGate received Series A funding from Rice Investment Group, a widely-respected energy technology investor. In 2020, LandGate partnered with the Realtors Land Institute (RLI), the American Association of Professional Landmen (AAPL), and the Texas Engineering Executive Education (TxEEE) program from the University of Texas at Austin. In 2022, LandGate received a Series B funding led by Nextera Energy, the world’s largest generator of renewable energy, and from Kimmeridge, a leading carbon solutions private equity firm. For more information visit www.landgate.com.
Media:
Shlomo Morgulis
Antenna Group
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201-465-8007
DUBLIN--(BUSINESS WIRE)--The "Autonomous Ships Global Market Report 2022" report has been added to ResearchAndMarkets.com's offering.
The global autonomous ships market is expected to grow from $6.46 billion in 2021 to $6.88 billion in 2022 at a compound annual growth rate (CAGR) of 6.6%. The market is expected to grow to $8.89 billion in 2026 at a compound annual growth rate (CAGR) of 6.6%.
Major players in the autonomous ships market are General Electric, DNV GL, Rolls-Royce Holding PLC, Kongsberg Gruppen AS, NYK Line, Mitsui E&S Holdings Co Ltd, Wartsila Corporation, DSME Co. Ltd, Vigor Industrial LL, and Praxis Automation Technology B.V.
The autonomous ships market consists of sales of autonomous ships and related services. The autonomous ship is also known as crewless watercraft piloted by artificial intelligence (AI) without human interference. These ships are unmanned and function autonomously as a type of seafaring drone. Autonomous ships work on artificial intelligence technology and sensors which include lidar, radar, high definition cameras, sonar, and thermal imaging.
The autonomy in the autonomous ships market is fully autonomous, remote operations, partial autonomous. The partial autonomous ships refer to the ships that are safer than the other ships and are operated by artificial intelligence and this helps to avoid droning of the ship. The propulsion types involved are fully electric, hybrid. The various fuel types involved are carbon-neutral fuels, LNG, electric, and heavy fuel oil/marine engine fuel. The end-user involved are commercial, defense.
Asia Pacific was the largest region in the autonomous ships market in 2021. Western Europe was the second largest region in the autonomous ships market. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
Increasing marine accidents caused by human errors lead to high financial losses which are predicted to act as a major driver for the growth of the autonomous ships market. Unmanned ships or autonomous technology apprehend accidents attributing to human errors and contributes to the higher potential of reducing onboard accidents.
According to the International Institute of Marine Surveying report published in November 2019, human error represents 58% of accidental events and 70% of accidents had shipboard operations as a major cause for accidents. Therefore, the use of autonomous ships to reduce the increasing number of accidents due to human error and financial losses is expected to drive the demand for autonomous ships over the next coming years.
The increasing threat of cybersecurity and privacy is expected to limit the growth of the autonomous ships market during the forecast period. The advancements in technology and adoption of artificial intelligence (AI), mobility systems, and the internet of things (IoT) are creating higher chances of cybersecurity and data threats which is a major challenge for the autonomous ship industry.
According to the Association for Computing Machinery (ACM)'s journal on cybersecurity of the autonomous ship, cybersecurity is a serious issue for autonomous ships, regardless of the form and level of autonomy of the ship, owing to their increased dependence on ICT for controlling the ship, accessibility of systems to the internet, and increased connectivity of ship's control system to onshore monitoring systems. Thus, the rising threat for cybersecurity and privacy is predicted to act as a major factor restraining the autonomous ship's market over the forthcoming years.
Major companies undertaking various strategic initiatives like the development of fully autonomous ships, which is likely to be a major trend driving the growth of the autonomous ships industry. For instance, according to Offshore Energy news published in September 2021, UK's engineering company Rolls-Royce and Sea Machines Robotics, the USA-based startup developing autonomous ship solutions, has started a new collaboration that will deliver comprehensive remote command, autonomous control, and intelligent crew support systems to the marine market.
The countries covered in the autonomous ships market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, USA.
Key Topics Covered:
1. Executive Summary
2. Autonomous Ships Market Characteristics
3. Autonomous Ships Market Trends And Strategies
4. Impact Of COVID-19 On Autonomous Ships
5. Autonomous Ships Market Size And Growth
5.1. Global Autonomous Ships Historic Market, 2016-2021, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Autonomous Ships Forecast Market, 2021-2026F, 2031F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market
6. Autonomous Ships Market Segmentation
6.1. Global Autonomous Ships Market, Segmentation By Autonomy, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
6.2. Global Autonomous Ships Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
6.3. Global Autonomous Ships Market, Segmentation By Propulsion Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
6.4. Global Autonomous Ships Market, Segmentation By Fuel Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
7. Autonomous Ships Market Regional And Country Analysis
7.1. Global Autonomous Ships Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
7.2. Global Autonomous Ships Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
Companies Mentioned
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