Custom-branded Johnelle and Johnnie Bryan Vessels Lead Delivery on Company Commitment to Grow Capacity

LOWELL, Ark.--(BUSINESS WIRE)--J.B. Hunt Transport Services Inc. (NASDAQ: JBHT), one of the largest supply chain solutions providers in North America, announced today that the cargo vessel Johnelle has docked at the Port of Everett in Washington, with more than 250 new containers reserved for the expansion of J.B. Hunt’s intermodal fleet.

The Johnnie Bryan, a second cargo vessel, is expected to dock at the Port of Hueneme in California next month with additional new containers. The two are part of a long-term, multi-vessel service agreement between J.B. Hunt and Swire Shipping Pte. Ltd. that will help expedite the overseas transport of new company containers and provide customers with a unique solution for accelerating international cargo movement from Asia.

"This is yet another example of our people listening to the needs of customers and developing a creative solution to efficiently deliver on their capacity needs,” said John Roberts, president and CEO of J.B. Hunt. “It is our honor to name two of the vessels helping us charter new waters this year after the original visionaries who knew the potential of what our company could be."

Under the agreement, J.B. Hunt will have ongoing cargo shipping opportunities available from the Shenzhen, Qingdao and Shanghai markets in China to ports in California and the Pacific Northwest. The planned moves will help customers alleviate supply chain challenges such as equipment dislocation and fluidity, dwell time and demurrage by streamlining the ocean transport and transloading process.

“We’re really solving for two very big challenges with this agreement,” said Darren Field, president of intermodal and executive vice president at J.B. Hunt. “First, we’re adding intermodal capacity, which will provide customers with more opportunity to leverage the cost-savings and sustainability benefits that J.B. Hunt Intermodal offers. Second, we’re greatly reducing the time it takes for customers’ freight originating overseas to be out for delivery in the U.S., something that has troubled the industry for years.”

Along with the support of additional vessel capacity, the Johnelle and Johnnie Bryan will continue transporting new J.B. Hunt containers overseas as they become available, delivering on the company’s commitment to grow its intermodal fleet to as many as 150,000 containers in the next three-to-five years. J.B. Hunt’s industry-leading intermodal fleet currently includes more than 109,000 53’-containers and 6,000 tractors.

Intermodal service offers both cost savings and sustainability benefits when compared to traditional over the road transport, reducing a shipment’s carbon emissions by as much as 60%. In 2021, J.B. Hunt avoided an estimated 3.5 million metric tons of CO2e emissions by converting over-the-road loads to intermodal. The company’s industry-leading J.B. Hunt 360°® digital freight marketplace was one of the first to integrate intermodal service options and continues to expand efficiency capabilities.

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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Energy Queensland to Deploy Temetra to Read 2.3 Million Electric Meters

LIBERTY LAKE, Wash.--(BUSINESS WIRE)--#ElectricMeters--Itron, Inc. (NASDAQ: ITRI), which is innovating the way utilities and cities manage energy and water, has signed a contract with Energy Queensland to deploy Temetra, Itron’s cloud-based mobile meter data collection and management solution. Energy Queensland is a Government Owned Corporation consisting of two electric utilities serving 2.3 million electricity customers, covering both urban and rural remote locations. Itron’s Temetra solution provides a simple solution to easily collect meter reads.

The cloud-based solution provides new ways for utilities to optimize operations, enhance route optimization, and improve customer engagement and meter reading efficiencies. Included, Temetra allows the utilities to collect, upload and store the meter data in real time. With this, utilities can use analytics features to track and optimize their workload and meter routes. The GIS-based data collection Android^TM app keeps employees safe in the field through hazard warnings and potential danger alerts prior to approaching an electric meter. The included GPS support allows utilities to easily create and assign routes based on up-to-date meter location information and workload.

“By taking advantage of Itron’s Temetra solution, utilities can keep employees and contractors safe while improving operational efficiencies and customer service,” said Don Reeves, senior vice president of Outcomes at Itron. “Through accurate collection of meter reads and improved operations using location-based routing, Itron’s solution helps utilities to improve customer outcomes while providing safe, sustainable and reliable energy.”

Itron’s Temetra transforms how utilities and cities gather meter data by providing powerful functionality through a streamlined web-based interface. With full Temetra Android Reader integration, Temetra uses innovative new technologies and has the ability to dynamically create and assign routes based on meter reader location and workload. Utilities can easily upload meter data, routes and photos taken directly from the field into the safe and secure platform. This positions them for the future as they can easily access meter data and better manage their system, with the option to expand functionalities. To learn more about Temetra, Itron’s next generation mobile meter data collection and management solution, click here.

About Itron

Itron enables utilities and cities to safely, securely and reliably deliver critical infrastructure solutions to communities in more than 100 countries. Our portfolio of smart networks, software, services, meters and sensors helps our customers better manage electricity, gas and water resources for the people they serve. By working with our customers to ensure their success, we help improve the quality of life, ensure the safety and promote the well-being of millions of people around the globe. Itron is dedicated to creating a more resourceful world. Join us: www.itron.com.

Itron^® is a registered trademark of Itron, Inc. All third-party trademarks are property of their respective owners and any usage herein does not suggest or imply any relationship between Itron and the third party unless expressly stated.

Itron, Inc.
Alison Mallahan
Senior Manager, Corporate Communications
509-891-3802
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AUSTIN, Texas--(BUSINESS WIRE)--Atlas Sand Company, LLC (“Atlas” or “Atlas Sand”), a leading provider of proppant, trucking and last mile logistics services, today announced the appointment of Jeff Allison as Executive Vice President, Sales and Marketing. Responsible for Oilfield Services (OFS) sales, marketing, customer relationships and strategic commercial execution, Jeff will play an integral role in ensuring Atlas will continue to provide premium quality products and services to the Permian Basin, North America’s most prolific resource play.

“Jeff is an accomplished leader in directing sales organizations through all phases of the market cycle,” said Bud Brigham, Chairman at Atlas Sand. “He is a great addition to our commercial leadership team led by our recently appointed Chief Commercial Officer, Jon Tutuncu. Jeff’s breadth of understanding of unconventional asset lifecycle will greatly enhance Atlas’s pursuit of customer-focused technology and automation solutions and I am confident he will bring creative approaches to new business generation going forward,” he added.

“I am very excited to be a member of Atlas Sand’s leadership team as we pursue more economic and ESG aligned solutions to energy development in the Permian Basin,“ Jeff stated. “In all my roles over the last 20 years, success was always predicated on the ability to collaborate with key stakeholders, both internally and externally, to provide meaningful solutions to both Company and Client. Atlas Sand’s combination of Oil & Gas Operator and OFS experience, coupled with some of the best talent in the sand mining industry, give us a truly unique understanding of customers’ needs and how to deliver sustainable solutions,” he added.

Jeff joins Atlas Sand with executive leadership experiences at Halliburton and other Oilfield Service entities where he was responsible for profitable sales growth, operational execution and sustainable client relationship development. He holds a Bachelor of Science degree in Petroleum Engineering from Colorado School of Mines and has sat on several industry advisory boards.

About Atlas Sand
Atlas Sand was founded by long-time E&P operators with significant experience in the Permian Basin alongside some of the best talent in the proppant industry. The Company provides the oil & gas industry access to the large open dunes and high quality frac sand located in the heart of the Permian Basin and its prolific resource plays in West Texas and Southern New Mexico as well as trucking and last mile logistics services. To learn more about Atlas Sand, please visit www.atlassand.com.

Atlas Sand
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(512) 220-1200

TORONTO--(BUSINESS WIRE)--$DMJ #carbonemissions--dynaCERT Inc. (TSX: DYA) (OTCQB: DYFSF) (FRA: DMJ) ("dynaCERT" or the "Company") is pleased to announce the results of the annual and special meeting of its shareholders, which was completed today (the "Meeting"). The Meeting was held virtually via TSX Trust Company's virtual meeting platform. A total of 107,783,677 common shares of the Company (each, a “Common Share”), representing 28.25% of the total Common Shares outstanding, were represented in person or by proxy at the Meeting. dynaCERT’s shareholders voted in favor of all items of business put forward at the Meeting, being the election of all nominated directors and the re‐appointment of BDO Canada LLP as the auditors of the Company.

The votes in respect of each of these items were held via ballot, the results of which were as follows:

Completion of Review

On April 4, 2022, the Company announced that the Company's audit committee had engaged independent legal counsel to assist them in examining the validity, legal standing, enforceability, and potential future recoverability of certain related party and other transactions as disclosed in note 24 of the Company's audited financial statements in respect of the financial year ended December 31, 2021. The review by the Audit Committee is now complete and the following is a summary of some of the findings and conclusions of the review. The Audit Committee, in consultation with its independent counsel, conducted a detailed review of each of the items referenced in the aforementioned note 24. This process included reviews of all documents, communications, correspondence, resolutions and supporting materials relating to each item, in addition to conversations between the Audit Committee's counsel and members of the Company's management. The Company is reporting on the following salient points from the Audit Committee's findings:

(a) Related Party Transactions

• Regarding loans granted to assist in the exercise of options and warrants, it was determined that such loans are unsecured and repayable on demand following provision of reasonable notice. As each of the option plan participants and warrant holders whose payments are outstanding have acknowledged their debt to the Company, it is anticipated that payment would be forthcoming following the issuance of a demand. Demands have now been issued and enforcement should not be necessary. One of the option loans was repaid during the course of the review being completed.
• Regarding the Company's $250,000 equity investment in Galaxy Power Inc., it was confirmed that the Company continues to hold 500,000 shares in the capital of Galaxy Power. In the absence of any further agreements entered into around this investment, the Company’s rights in respect of its investment are limited to the rights of a common shareholder. Though there are no written restrictions on the Company’s interest in Galaxy Power being diluted, management of Galaxy Power has confirmed that the Company's 20% interest will not be diluted in connection with any of its preliminary financing activities. The Company’s shares in Galaxy Power are also subject to restrictions on transfer. Regarding the Company's $150,000 loan to Galaxy Placements, it was confirmed that such loan is subordinate, unsecured, bearing interest at 10% per year (prorated and calculated monthly) and maturing on December 31, 2023. All interest payments owing to date have been made. Repayment of this loan and interest is subordinate to the claims of all other creditors of Galaxy Placements and cannot result in a capital deficiency for Galaxy Placements.

(b) Other Transactions

• The Company continues to hold 20% of the outstanding voting shares of KarbonKleen and its $725,000 loan to KarbonKleen matured on December 31, 2021. There have been no units rented under the rental program with KarbonKleen to date and KarbonKleen no longer has exclusivity in the United States. KarbonKleen's financial position is disclosed in the Company's financial statements, with no revenues having been recognized in the quarter ended March 31, 2022.
• Regarding the royalty agreement among DISH (the Company's wholly-owned subsidiary), Corsario Ltd. and GP Logix Inc., it was noted that the agreement contemplated that a Joint Development and Commercialization Committee consisting of representatives of DISH, Corsario and the Company was to be established to oversee the development of the FreightTech platform.

Having reviewed the Audit Committee's findings at the Board level, the Company has noted certain procedural errors in connection with some of the transactions reviewed and has concluded that certain weaknesses in the Company's internal controls have become apparent. These include the following:

1. In connection with option and warrant exercises by officers/ directors/employees of the Company), certain Treasury Orders were signed and issued without full payment for underlying shares, as payment was evidenced by loans.
2. Certain loans were extended to optionees/warrant holders (who are officers/ directors/employees of the Company) without prompt reporting to the Board and CFO at the time of such loans and without adequate loan / security documentation, though such loans were subsequently ratified by the Board.
3. Reporting of such share issuances and loans and related party transactions to the CFO and Audit Committee was only after such transactions were given effect to.
4. The Board had adopted a resolution in respect of related party transactions that was weak insofar as it delegated approval for transactions that are not material (below $250,000 (which is the threshold for materiality used in the Company's financial statements)) to the Investment Committee.
5. Certain select transactions were entered into based upon discussions among Board members where Board approval could have been better documented.

Having reviewed the findings of the Audit Committee and considering the internal control weaknesses noted thereby, the Company has adopted the following remedial measures:

1. The Company has ceased the process of allowing option exercises without full payment of the exercise price in cash.
2. The Company has requested repayment of all option and warrant loans based upon either:
   1. negotiated repayment schedules; or
   2. the return of shares for cancellation.
3. The Company is communicating with applicable regulatory authorities regarding the administration of the Company's stock option plan.
4. The Company is reviewing and refining its process for the issuance of securities in consultation with its corporate legal counsel in connection with all future issuances of securities, which includes a prohibition on the issuance of shares without full payment in cash.
5. The Board and the CFO will be provided with notification of all issuances and proposed issuance of securities (including confirmation of full (cash) payment of exercise/issuance prices).
6. Board approval will be required for all related party transactions and other transactions that are not within the ordinary course of the Company's business and the prior resolution allowing for Investment Committee approval below a certain materiality threshold has been amended and replaced accordingly.
7. Any material impairments of related party transactions require approval from the Audit Committee and the Board of Directors.
8. The Company is reviewing its internal control documentation with its internal control consultant and will take such additional actions as are necessary or desirable to remedy the identified weaknesses.
9. Galaxy Power and the Company will be entering into an agreement to provide an anti-dilution covenant, whereby Galaxy Power will confirm its verbal commitment that the Company's 20% interest shall not be diluted through any preliminary financing activities of Galaxy Power.

About dynaCERT Inc.

dynaCERT Inc. manufactures and distributes Carbon Emission Reduction Technology for use with internal combustion engines. As part of the growing global hydrogen economy, our patented technology creates hydrogen and oxygen on-demand through a unique electrolysis system and supplies these gases through the air intake to enhance combustion, resulting in lower carbon emissions and greater fuel efficiency. Our technology is designed for use with many types and sizes of diesel engines used in on-road vehicles, refrigerated trailers, off-road construction, power generation, mining and forestry equipment, marine vessels and railroad locomotives. Website: www.dynaCERT.com.

READER ADVISORY

Except for statements of historical fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. In particular, forward-looking information in this press release includes, but is not limited to the remedial steps outlined following the review of certain transactions by the Company's audit committee. Although we believe that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. We cannot guarantee future results, performance of achievements. Consequently, there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking information.

Forward-looking information is based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking information. Some of the risks and other factors that could cause the results to differ materially from those expressed in the forward-looking information include, but are not limited to: uncertainty as to whether our strategies and business plans will yield the expected benefits; availability and cost of capital; the ability to identify and develop and achieve commercial success for new products and technologies; the level of expenditures necessary to maintain and improve the quality of products and services; changes in technology and changes in laws and regulations; the uncertainty of the emerging hydrogen economy; including the hydrogen economy moving at a pace not anticipated; our ability to secure and maintain strategic relationships and distribution agreements; and the other risk factors disclosed under our profile on SEDAR at www.sedar.com. Readers are cautioned that this list of risk factors should not be construed as exhaustive.

The forward-looking information contained in this news release is expressly qualified by this cautionary statement. We undertake no duty to update any of the forward-looking information to conform such information to actual results or to changes in our expectations except as otherwise required by applicable securities legislation. Readers are cautioned not to place undue reliance on forward-looking information.

Neither The Toronto Stock Exchange nor its Regulation Services Provider (as that term is defined in the policies of the The Toronto Stock Exchange) accepts responsibility for the adequacy or accuracy of the release.

On Behalf of the Board

Murray James Payne, CEO

Jim Payne, CEO & President
dynaCERT Inc.
#101 – 501 Alliance Avenue
Toronto, Ontario M6N 2J1
+1 (416) 766-9691 x 2
jpayne@dynaCERT.com

Investor Relations
dynaCERT Inc.
Nancy Massicotte
+1 (416) 766-9691 x 1
nmassicotte@dynaCERT.com

• New products are added to the Bushel platform to address the issues in the industry of payment by paper check.
• Bushel’s network of more than 40% of grain origination volume in the United States will be able to quickly provide digital payments to their customers.
• Additional products available for those not on the Bushel network wishing to add payments capabilities to their existing systems, including ag input providers and any companies taking payments from farmers.
• Enabling digital payments is the next phase of building the digital infrastructure for agriculture and aligns with Bushel’s mission to strengthen relationships between agribusiness and farmers.

FARGO, N.D.--(BUSINESS WIRE)--#bushelpowered--Bushel, an independently-owned software technology company focused on developing digital tools for the agricultural supply chain, announced the availability of a payment and money facilitation network. The product launch, announced during Bushel’s first-ever customer conference, will address the challenge the industry faces of facilitating payments for nearly 90% of a $200 billion industry through paper checks today.

This addition to the Bushel platform allows agricultural producers and agribusinesses to conveniently move money in real time across the agriculture supply chain. Through facilitating digital transactions, Bushel continues to deliver on its promise of strengthening relationships by building and standardizing the digital infrastructure for the agriculture industry. Through its network of grain companies using the Bushel platform, Bushel can safely and efficiently deploy this payment engine for 40% of grain origination in the U.S.

Bushel’s new product suite is created specifically for the complexity and scale of agribusiness.

○ Bushel Payments™ is the preferred money movement facilitator between growers and agribusinesses already on the Bushel platform.

○ Bushel Wallet™ is the first-ever digital wallet created specifically for the complexity and scale of agribusiness and available for farmers

○ Bushel Wallet Link is an API that allows any agribusiness to embed payments in their application or web environment and connect to Bushel Wallet’s network to move money.

One of the first agribusinesses to pilot Bushel Wallet Link will be Consolidated Grain and Barge Co. (CGB) who will be embedding a payments feature into its user experience to allow for simple and easy electronic settlements to their growers.

“To keep up with consumer demands for a more interactive experience, we knew we needed to provide a way to more easily transact with our customer base in a seamless and timely manner,” Charlie Laird, Director of IT Strategy of CGB said. “Bushel has shown it has the forward-thinking mindset to be progressive in the digital transformation of agriculture here in the U.S. and abroad.”

Additionally, Ag Valley Cooperative, based in Nebraska, will be piloting Bushel Payments for its growers. Their farmers can access Payments through Ag Valley's app powered by Bushel, complete the signup and verification process, and immediately begin to transact.

“As we see more opportunities to engage and communicate with our farmers, it became clear that we needed a way to streamline the payment process,” Jeff Krejdl, CEO of Ag Valley Cooperative said. “The onboarding was easy. Once we start working with growers, this is going to be a very cool option to offer to them. Harvest starts in mid-July, so we will start looking at using it for settlement payments then.”

Bushel has spent the past five years focusing on building agriculture's digital infrastructure. With the connections and integrations in place, Bushel is evolving from simply just moving information into safely and securely allowing the facilitation of digital payments, specifically in the agriculture industry. This continues Bushel's mission to enable, rather than disrupt, grain companies, input providers, farmers, and the supply chain, to be more efficient and effective businesses into the future.

“From early on in our work to digitize agriculture, it became apparent a big piece of this was how farmers and agribusinesses did business with each other. They need the tools to become more financially efficient and clearer on the state of their operations,” Jake Joraanstad, CEO of Bushel said. “The feedback from our customers will be crucial as we continue to innovate our FinTech products for agriculture.”

What This Means to Farmers

• Instead of waiting for a check in the mail and having to turn around directly and deposit the check into their account, farmers can see the money directly into their account.
• Farmers can link up to six U.S. bank accounts for transfer purposes or immediately access their Bushel Wallet balance with a Business Debit Card wherever Visa^® is accepted.
• Farmers can instantaneously send or request payments for grain deliveries or input purchases within the Wallet ecosystem anytime, anywhere from their mobile device. The onboarding process to register and create a Bushel Wallet account takes less than three minutes.

What This Means to Agribusinesses

• Agribusinesses can eliminate the payment onboarding process and maintain ACH payment instructions by leveraging the Bushel Payments network where growers are already enrolled
• Reduced receivables with faster time to receive funds. Their customers have a concise view of what’s due and have control to pay invoices any time - day or night via their Bushel-powered app.
• With in-app notification of payments due and made, agribusinesses can gently remind growers of amounts due rather than mailing paper statements that are inefficient and take time and money.
• Agribusinesses can embed Bushel Wallet Link into other software applications they use with their customer base beyond grain merchandising. Bushel Wallet Link can embed into existing customer flows via an API connection, bringing the power of payments while maintaining their brand end-to-end.

To ensure financial security for all parties, Bushel Wallet has a fully routable account and is FDIC insured. Bushel complies with SOC 2 standards and debit card transactions over PCI-certified networks. Currently, the Bushel digital payment products are available only in the United States.

Learn more:

To learn more, visit bushelwallet.com

About Bushel

Bushel is an independently owned software company and leading provider of software technology solutions for growers, grain buyers, ag retailers, protein producers and food companies, headquartered in Fargo, N.D. Since launching in 2017, Bushel’s platform has grown rapidly, now powering nearly 2,000 grain facilities across the U.S. and Canada with real-time business information for their producers. Bushel’s platform now reaches more than 40% of grain origination in the United States, resulting in inarguably the largest technology network effect among growers and grain buyers in the U.S. today. Bushel’s product suite includes its flagship mobile app, websites, trading tools, digital payments and money facilitation, market feeds, API services, FarmLogs and a custom software division focused on agriculture. Bushel has been focused on building software since the company was founded in 2011. Data privacy is a cornerstone of Bushel’s philosophy. Read here Bushel’s Data Ethos.

Julia Eberhart
Public Relations & Communications Manager
This email address is being protected from spambots. You need JavaScript enabled to view it.
605.690.1418

Increases plant capacity to 29 GWh, based on $1.6 billion in identified debt financing support, catalyzed by the Norwegian National Battery Strategy and Norway’s Export Credit Agency Eksfin’s indication of up to EUR 400 million in loans and/or guarantees

• FREYR’s Board of Directors has sanctioned construction of Giga Arctic (combined Gigafactories 1 & 2), the company’s first battery manufacturing facility under development in Mo i Rana, Norway
• FREYR is increasing the nameplate capacity of Giga Arctic to 29 GWh in response to improving battery supply-demand dynamics, ongoing commercial success, significant progress in developing supply chain channels for key raw materials and equipment, continued technical and product improvements, and project financing visibility
• Earlier today at FREYR’s development site in Mo i Rana, the Norwegian Government outlined its National Battery Strategy, which includes significant support from Export Finance Norway (“Eksfin”) to assist FREYR with project financing of Giga Arctic
• FREYR has identified total debt financing support of over $1.6 billion based on visibility from export credit agencies, multilateral development finance institutions and commercial banking partners, exceeding management’s leverage target for the $1.7 billion estimated total capital cost for the expanded Giga Arctic project
• FREYR intends to contract approximately 50% of Giga Arctic’s capacity to long-term offtake partners and reserve the remaining volumes to address exponentially growing market demand, providing annual revenue generating capacity of $2 billion upon optimization of production systems and cell chemistry
• Giga Arctic is expected to be one of the largest and most efficient battery facilities in Europe, with 50% lower anticipated capital spending per GWh of nameplate capacity and more than 200% higher production per employee than conventional Lithium-Ion battery plants in production today
• FREYR is raising its installed annual production capacity target to more than 200 GWh by 2030, twice the company’s previous ambition
• FREYR has recently secured a conditional offtake agreement (“COA”) with a major European energy technology customer for 25 GWh of battery cells from 2024 to 2028, in addition to the more than 100 GWh of previously announced COAs    

NEW YORK & OSLO, Norway & LUXEMBOURG--(BUSINESS WIRE)--FREYR Battery (NYSE: FREY) (“FREYR”), a developer of clean, next-generation battery cell production capacity, announced today that the company’s Board of Directors (“The Board”) has approved the expansion of the planned Giga Arctic project under development in Mo i Rana, Norway, to an annual nameplate capacity of 29 GWh. FREYR’s Board of Directors has also approved the construction of Giga Arctic. The approval follows substantial completion of detailed plant engineering; the establishment of procurement frameworks with key raw material and capital equipment suppliers; and the announcements of conditional offtake agreements totaling more than 125 GWh from the planned start of production in 1H-2024 through 2030. Groundworks at the site are well advanced and the company has recently started casting foundation structures.

The Board’s decision coincides with the announcement of a letter of intent indicating loans and/or guarantees of up to €400 million from Eksfin, Norway’s export credit agency (“ECA”), and the recently announced National Battery Strategy by the Norwegian Government, which outlines meaningful governmental support for the developing battery industry in Norway.

“If we are to reach the goals in the Paris agreement, batteries will need to be produced in a more sustainable way with the lowest CO2 footprint possible. It is therefore important for Norway to define a clear direction and set ambitious goals for battery production in our country. The National Battery Strategy that we just launched, defines ten areas of key importance that will facilitate private investments so that companies along the entire value chain can set up sustainable and successful businesses in Norway. Our unmatched access to renewable energy makes batteries produced in Norway the greenest in the world. I am therefore very pleased and excited that FREYR Battery is moving along with its plans to establish a Gigafactory in Norway based on state capital and risk relief. It is an important confirmation that public and private partnerships are important to be successful in creating the green industry of the future,” said the Minister of Trade and Industry, Jan Christian Vestre.

“Today marks another significant milestone for FREYR on our path to giga-scale production of clean battery solutions. With our expanded plant capacity, accelerating commercial momentum, and strong support from Eksfin, other ECAs and financial institutions, Giga Arctic represents one of Norway’s largest industrial investments onshore in recent decades,” said Torstein Dale Sjøtveit, Founder and Executive Chairman of FREYR.

Governmental Support and Gigafactory Financing Plan

Today, the Norwegian Government announced the key elements of its National Battery Strategy at FREYR’s facilities in Mo i Rana, Norway. With the expected financial backing catalyzed by this strategy and support from other European governmental entities, FREYR has identified over $1.6 billion of potential debt financing support to fund development of Giga Arctic, including:

• A letter of intent received from Eksfin indicating loans and/or guarantees of up to €400 million;
• Anticipated loan guarantees exceeding $800 million from ECAs of three OECD countries based on capital equipment order frameworks for Giga Arctic from the same plant equipment suppliers to FREYR’s Customer Qualification Plant;
• Indications of support received from multilateral development finance institutions, which include potential loans of $300 million from the European Investment Bank (“EIB”) and $50 million to $100 million from the Nordic Investment Bank (“NIB”), respectively; and
• Targeted project financing from a consortium of commercial banks led by initial mandated lead arrangers Societe Generale and DNB, which are now formally launching the project financing process.

In addition, FREYR had $523 million of cash on its balance sheet as of March 31, 2022, and currently has multiple grant applications pending decision.

Tone Lunde Bakker, Chief Executive Officer of Eksfin, added, “Export Finance Norway's most important task is to offer capital and risk relief to the green, Norwegian export industry. Long-term partnerships between state and private capital are needed to realize the transition to a zero-emission society; create local jobs; and take leading positions internationally. FREYR Battery’s factory can play a key role in building a powerful, high-tech value chain within batteries in Norway and the Nordic countries. Eksfin has therefore indicated participation in the financing of the project in collaboration with other financiers and investors. We wish FREYR good luck in the next, exciting phase and look forward to working closely with the growing Norwegian battery industry.”

Giga Arctic Development

The sanctioned Giga Arctic construction project includes eight production lines, a battery testing center, administrative facilities, and infrastructure at an estimated total capital cost of $1.7 billion. The updated cost relative to FREYR’s initial business plan, which was finalized in February 2021, is attributable to the following:

• A 150% increase in nameplate capacity on a chemistry equivalent basis to 29 GWh from the initial plan to construct two smaller Gigafactories in Mo i Rana¹;
• Technical modifications and enhancements to the plant and its products that are intended to improve operational efficiency and economic returns; and
• Inflationary pressures and supply chain challenges.

FREYR has engineered and positioned Giga Arctic to be the most capital efficient battery plant in Europe, with 50% lower estimated capital expenditures per installed GWh of capacity compared to plants currently in operation or under construction. The company also expects Giga Arctic to be the most operationally efficient battery plant in Europe, generating an anticipated 200% higher production per plant employee compared to estimated averages at conventional Lithium-Ion battery facilities. These expected efficiencies are aided by FREYR’s recently announced long-term power purchase agreement (“PPA”) with Statkraft. Giga Arctic is expected to benefit from 100% renewable energy at prices that FREYR estimates to be substantially below those of other battery producing regions, while using less energy in production through the 24M Technologies SemiSolid^TM cell manufacturing process and platform.

FREYR is also evaluating additional enhancements to the Giga Arctic development that include module and pack manufacturing, recycling and other applications which could add approximately $250 million of additional capital expenditures. Management expects the above investments to generate highly accretive returns on capital for the project should the company move forward with these initiatives. In addition, the company continues to evaluate its proposed joint venture with Aleees for a Nordic LFP cathode materials manufacturing plant.

Tom Einar Jensen, FREYR’s Chief Executive Officer, concluded, “Since our NYSE listing in July 2021, FREYR has made incredible progress on its goal of providing clean battery solutions to the world through speed, scale, and sustainability. Despite supply chain challenges and inflation, the fundamentals have never been better for the battery industry given the largest secular shift in human history towards the energy transition to address the climate emergency; the immediate need for energy security, localized power generation and storage; and the accelerating adoption of electric vehicles and battery energy storage systems. FREYR is playing a key role in addressing energy cost inflation, energy security and climate change.”

¹ Gigafactories 1 & 2 were initially expected to produce NMC battery cells

***

About FREYR Battery

FREYR Battery aims to provide industrial scale clean battery solutions to reduce global emissions. Listed on the New York Stock Exchange, FREYR’s mission is to produce green battery cells to accelerate the decarbonization of energy and transportation systems globally. FREYR has commenced building the first of its planned factories in Mo i Rana, Norway and announced potential development of industrial scale battery cell production in Vaasa, Finland, and the United States. FREYR intends to deliver up to 43 GWh of battery cell capacity by 2025, over 83 GWh of annual capacity by 2028 and over 200 GWh of annual capacity by 2030. To learn more about FREYR, please visit www.freyrbattery.com

Cautionary Statement Concerning Forward-Looking Statements

All statements, other than statements of present or historical fact included in this press release, including, without limitation, statements regarding (i) FREYR’s anticipated path to commercialization and giga-scale production of clean battery solutions; (ii) the development, timeline, capacity and other usefulness of the Giga Arctic project, including annual revenue generating capacity of $2 billion upon optimization of production systems and cell chemistry; (iii) the realization of FREYR’s capital spending plan; (iv) the progress and development of FREYR’s customer relationships and offtake agreements and supply chain partnerships, including the entry into any successful joint ventures with Aleees and FREYR’s intent to contract approximately 50% of Giga Arctic’s capacity to long-term offtake partners and reserve remaining volumes to address exponentially growing market demand; (v) the success of any capital raising paths to fund FREYR’s planned expansion; (vi) FREYR’s ability to convert any conditional agreements, letters of intent, anticipated loan guarantees, indications of support from multilateral development finance institutions and targeted project financing into definitive agreements; (vii) the status of FREYR’s mission to establish over 200 GWh of annual capacity by 2030 and its anticipated total conditional offtake volumes exceeding 125 GWh through 2030; (viii) the success and impact of any support from the Norwegian government for the developing battery industry in Norway; (ix) the success of FREYR’s accelerated commercial momentum; (x) the success of any anticipated debt financing support to FREYR to fund the development of Giga Arctic; (xi) the success of any transition to a zero-emission society and the role of FREYR’s factory in building a powerful, high-tech value chain within batteries in Norway and the Nordic countries; (xii) the ability of any technical modifications and enhancements to Giga Arctic and its products to improve operational efficiency and economic returns; (xiii) Giga Arctic’s status as the most capital efficient battery plant in Europe (and its 50% lower estimated capital expenditures per installed GWh of capacity compared to plants currently in operation or under construction); (xiv) Giga Arctic’s status as one of the largest and most operationally efficient battery plant in Europe, generating an anticipated more than 200% higher production per plant employee compared to estimated averages at conventional Lithium-ion battery facilities in production today; (xv) the expected efficiencies supported by any long-term power purchase agreements that FREYR has announced, including with Statkraft, and any expected benefits from 100% renewable energy at prices that FREYR estimates to be substantially below those of other battery producing regions as a result of such agreements; (xvi) the development and commercialization of 24M Technologies, Inc.’s SemiSolid^TM technology, including the use of less energy in production through such technology; (xvii) FREYR’s manufacturing capacity relative to other market participants; (xviii) the ability for any additional enhancements to the Giga Arctic development that could add approximately $250 million of additional capital expenditures or may generate highly accretive returns on capital for the project should FREYR move forward with these initiatives; (xix) FREYR’s progress towards its goal of providing clean battery solutions to the world through speed, scale and sustainability; (xx) the status of the largest secular shift in human history towards energy transition to address the climate emergency; (xxi) the immediate need for energy security, localized power generation and storage; (xxii) the accelerating adoption of electric vehicles and battery energy storage systems; and (xxiii) FREYR’s role in addressing energy cost inflation, energy security and climate change are forward-looking and involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results.

Most of these factors are outside FREYR’s control and difficult to predict. Information about factors that could materially affect FREYR is set forth under the “Risk Factors” section in (i) FREYR’s Registration Statement on Form S-1 filed with the Securities and Exchange Commission (the “SEC”) on August 9, 2021, as amended, and (ii) FREYR’s annual report on Form 10-K filed with the Securities and Exchange Commission on March 9, 2022, and available on the SEC’s website at www.sec.gov.

Investor contact:

Jeffrey Spittel
Vice President, Investor Relations
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Tel: (+1) 281-222-0161

Media contact:

Katrin Berntsen
Vice President, Communication and Public Affairs, FREYR
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Tel: (+47) 920 54 570

Reduces size and power consumption of DC1500V converters

CYPRESS, Calif.--(BUSINESS WIRE)--Mitsubishi Electric US, Inc. announced a new version of its 2.0kV LV100 insulated-gate bipolar transistor (IGBT) module specifically designed for photovoltaic (PV) applications and other industry uses that need a “middle ground” power converter between DC1500V and 3.3kV. This new power module enables product designers to reduce the number of power-conversion inverters and overall power consumption in photovoltaic equipment, which is key to putting solar farms and other renewable-energy sources onto the grid.

“More and more power grids that use renewable energy require increasingly higher-voltage power conversion to support DC1500V,” said Adam Falcsik, senior product manager of Mitsubishi Electric US’s Power Device group. “The latest industrial LV100’s 2.0kV rated withstand voltage has been developed for photovoltaic applications where conventional 1.7kV-rated IGBTs are not sufficient for large‑capacity systems and simplifies the design of DC1500V power converters, especially for renewable-energy power sources.”

According to Falcsik, the 2.0kV LV100 IGBT module was developed with renewable energy systems in mind, as an addition to existing versions of the module for traction and industrial applications. The industrial LV100 uses Mitsubishi Electric 7th‑generation IGBTs and RFC diodes to achieve simultaneous high-voltage operation and low power loss.

“This development of a LV100 module for photovoltaic applications meets an emergent need in renewable energy for a more cost-effective and simplified design solution for utility scale power systems,” said Falcsik. “The industrial LV100 enables solar power generation and power storage systems to convert electric power more efficiently for transmission to the grid, when compared to prior generations. This ultimately helps to lower the carbon footprint of the global society.”

Mass production of the industrial 2.0kV LV100 IGBT module for photovoltaic applications is anticipated to begin in early 2023. For more information on Mitsubishi Electric products, view the catalog or visit our website.

About Mitsubishi Electric US, Inc., Semiconductor & Device Division

The Semiconductor & Device Division of Mitsubishi Electric US, Inc. offers a portfolio of semiconductor and electronic devices that contribute to the advancement of information processing, telecommunications and the efficient use of energy. The division’s next-generation optical devices, high-frequency gallium nitride, gallium arsenide devices and silicon RF devices are used in a range of applications such as data centers, satellite base stations and two-way radios to support today's rapidly evolving telecommunications networks. The division offers leading-edge CIS line-scan bars for industrial image output and image processing. Additionally, the division provides highly efficient power modules for both traditional and renewable energy sources that distribute power effectively and reliably. More information available at https://meus-semiconductors.com/.

Jessica Neuman
Media Manager and Senior Account Executive
Westbound Communications
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Mobile: 858-382-5157

Brooke Behunin
Corporate Communications
Mitsubishi Electric US, Inc.
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Phone: 714-220-6885

NEW YORK--(BUSINESS WIRE)--Crossbridge Energy A/S (“Crossbridge”) announces that it has reached a final agreement with Everfuel for the offtake of green hydrogen from Everfuel’s anticipated 300MW electrolyser plant. The next phase of the project will be completed in three equal phases of 100MW each, and Phase 2a will supply up to 40 tons per day of green hydrogen and is scheduled to be online in 2025. Phase 1 of the project, a 20MW electrolyser which is currently under construction, will supply 8 tons per day of green hydrogen, is scheduled to be commissioned in 4^th Quarter 2022 and will represent Europe’s largest electrolyzer in operation.

Crossbridge operates the Fredericia, Denmark refinery, which supplies 35 percent of the total Danish liquid fuel consumption as well as supplies Northern Europe. Crossbridge has made substantial progress on its ambitions for a greener future, including successfully co-processing biogenic feedstock in February 2022; the signing of Everfuel Phase 2 is the next step towards the realization of its energy transition ambitions.

Everfuel Phase 2 is the second of three phases anticipated for the HySynergy, which will bring over 1,000 MW of clean energy to Fredericia and surrounding areas. The HySynergy plant will enable the production of biofuels such as Renewable Diesel (“RD”), and Sustainable Aviation Fuel (“SAF”), along with supporting hydrogen mobility.

Crossbridge and Everfuel have also jointly agreed to further develop opportunities with external parties for the supply of excess oxygen and heat from the hydrogen plant in order to maximize the overall efficiency of the operations.

“Hydrogen is the key to unlocking the full potential of green fuels. With Crossbridge Energy’s refinery and the Everfuel’s HySynergy project, we are now taking a significant leap toward more sustainable fuels as we aim to replace our fossil fuels sourced hydrogen used in the manufacturing process with sustainable green hydrogen. We are also starting the next part of the Danish Power to X (“PtX”) journey generating renewable fuels from green power,” says Finn Schousboe, CEO at Crossbridge Energy A/S.

”Reaching an agreement on the commercial terms is, of course, crucial for the continuous development of the second phase of HySynergy. The partnership with Crossbridge Energy has always run smoothly, and we look forward to continuing to collaborate on building the large-scale PtX facility, which will be a game-changer in the energy transition. But first of all, we look forward to being in operation on the first phase later this year and deliver the first green hydrogen to our partners and our stations,” says Jacob Krogsgaard, CEO at Everfuel.

About Crossbridge | crossbridgepartners.com

Crossbridge is a leading energy platform with an environmental focus on developing and driving sustainable energy solutions. Crossbridge acquired the A/S Dansk Shell refinery (renamed to Crossbridge Energy A/S) in June 2022. Crossbridge supplies approximately 35% of the total Danish liquid fuel consumption. Crossbridge is focused on transitioning traditional energy infrastructure and growing through acquisition in North America, Europe and other locations. The platform has $2.0 billion in annual turnover.

About Everfuel | www.everfuel.com

Everfuel is making green hydrogen for zero emission mobility commercially available across Europe, offering competitive all-inclusive hydrogen supply- and fueling solutions. We own and operate green hydrogen infrastructure and partner with vehicle OEMs to connect the entire hydrogen value chain and seamlessly provide hydrogen fuel to enterprise customers under long-term contracts. Green hydrogen is a 100% clean fuel made from renewable energy and key to electrification of the transportation sector in Europe and a sustainable future. We are a young ambitious company, headquartered in Herning, Denmark, and with activities in Norway, Denmark, Sweden, The Netherlands, Germany and Belgium, and a plan to grow across Europe. Everfuel is listed on Euronext Growth in Oslo under EFUEL.

Oana Garis
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HOUSTON--(BUSINESS WIRE)--#DNOW--NOW Inc. (NYSE:DNOW) has scheduled a conference call to discuss the results for the second quarter of 2022 on Wednesday, August 3, 2022 at 8:00 am (US Central Time). Financial results for the second quarter ending on June 30, 2022 are expected to be released that morning before the market opens.

The call will be broadcast through the Investor Relations link on NOW Inc.’s web site at ir.dnow.com on a listen-only basis. Listeners should log in prior to the start of the call to register for the webcast. A replay of the call will be available online for thirty days following the conference. Participants may also join the conference call by dialing 1-833-927-1758 within North America or 1-929-526-1599 outside of North America, Access Code: 990303, five to ten minutes prior to the scheduled start time and asking for the “NOW Inc. Earnings Conference Call” or the “DistributionNOW Earnings Conference Call.”

DistributionNOW is a worldwide supplier of energy and industrial products and packaged, engineered process and production equipment with a legacy of 160 years. Headquartered in Houston, Texas, with approximately 2,300 employees and a network of locations worldwide, we offer a broad set of supply chain solutions combined with a suite of digital solutions branded as DigitalNOW® that provide customers world-class technology for digital commerce, data and information management. Our locations provide products and solutions to exploration and production companies, midstream transmission and storage companies, refineries, chemical companies, utilities, mining, municipal water, manufacturers, engineering and construction companies as well as companies operating in the decarbonization, energy transition and renewables end markets.

Mark Johnson
Senior Vice President and Chief Financial Officer
(281) 823-4754

DUBLIN--(BUSINESS WIRE)--The "Global Coal Gasification Market 2022-2026" report has been added to ResearchAndMarkets.com's offering.

The publisher has been monitoring the coal gasification market and it is poised to grow by $ 10.36 billion during 2022-2026, accelerating at a CAGR of 15.73% during the forecast period. The market is driven by rise in global energy demand, rising government support, and the economic benefits of coal gasification.

This study identifies the rise in global coal production as one of the prime reasons driving the coal gasification market growth during the next few years. Also, rise in adoption of clean energy technologies and rising collaborations in the coal gasification market will lead to sizable demand in the market.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The analyst's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Key Topics Covered:

1 Executive Summary

1.1 Market overview

2 Market Landscape

2.1 Market ecosystem

Exhibit 09: Parent market

Exhibit 10: Market Characteristics

3 Market Sizing

3.1 Market definition

Exhibit 11: Offerings of vendors included in the market definition

3.2 Market segment analysis

Exhibit 12: Market segments

3.3 Market size 2021

3.4 Market outlook: Forecast for 2021-2026

Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)

Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)

Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)

Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

5 Market Segmentation by Application

5.1 Market segments

Exhibit 24: Chart on Application - Market share 2021-2026 (%)

Exhibit 25: Data Table on Application - Market share 2021-2026 (%)

5.2 Comparison by Application

Exhibit 26: Chart on Comparison by Application

Exhibit 27: Data Table on Comparison by Application

5.3 Chemicals - Market size and forecast 2021-2026

Exhibit 28: Chart on Chemicals - Market size and forecast 2021-2026 ($ million)

Exhibit 29: Data Table on Chemicals - Market size and forecast 2021-2026 ($ million)

Exhibit 30: Chart on Chemicals - Year-over-year growth 2021-2026 (%)

Exhibit 31: Data Table on Chemicals - Year-over-year growth 2021-2026 (%)

5.4 Fuels - Market size and forecast 2021-2026

Exhibit 32: Chart on Fuels - Market size and forecast 2021-2026 ($ million)

Exhibit 33: Data Table on Fuels - Market size and forecast 2021-2026 ($ million)

Exhibit 34: Chart on Fuels - Year-over-year growth 2021-2026 (%)

Exhibit 35: Data Table on Fuels - Year-over-year growth 2021-2026 (%)

5.5 Power - Market size and forecast 2021-2026

Exhibit 36: Chart on Power - Market size and forecast 2021-2026 ($ million)

Exhibit 37: Data Table on Power - Market size and forecast 2021-2026 ($ million)

Exhibit 38: Chart on Power - Year-over-year growth 2021-2026 (%)

Exhibit 39: Data Table on Power - Year-over-year growth 2021-2026 (%)

5.6 Market opportunity by Application

Exhibit 40: Market opportunity by Application ($ million)

6 Customer Landscape

6.1 Customer landscape overview

Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

8 Drivers, Challenges, and Trends

8.1 Market drivers

8.2 Market challenges

8.3 Impact of drivers and challenges

Exhibit 87: Impact of drivers and challenges in 2021 and 2026

8.4 Market trends

9 Vendor Landscape

9.1 Overview

9.2 Vendor landscape

Exhibit 88: Overview on Criticality of inputs and Factors of differentiation

9.3 Landscape disruption

Exhibit 89: Overview on factors of disruption

9.4 Industry risks

Exhibit 90: Impact of key risks on business

10 Vendor Analysis

Companies Mentioned

• Air Products and Chemicals Inc.
• Basin Electric Power Co.
• CASE GROUP
• Chiyoda Corp.
• Ergo Exergy Technologies Inc.
• Johnson Matthey Plc
• KBR Inc.
• L Air Liquide SA
• Larsen and Toubro Ltd.
• McDermott International Ltd.
• Mitsubishi

For more information about this report visit https://www.researchandmarkets.com/r/s70pg3

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

Providing near-term Permian takeaway solution

HOUSTON--(BUSINESS WIRE)--Permian Highway Pipeline, LLC (PHP) today announced a final investment decision (FID) to proceed with its expansion project after securing binding firm transportation agreements for all available capacity.

The project will increase PHP’s capacity by approximately 550 million cubic feet per day (MMcf/d). The project will involve primarily additional compression on PHP to increase natural gas deliveries from the Waha area to multiple mainline connections, Katy, Texas, and various U.S. Gulf Coast markets. Pending the timely receipt of required approvals, the target in-service date for the project is anticipated to be November 1, 2023.

“We are excited to have achieved FID on this very important expansion,” said Kinder Morgan Natural Gas Midstream President Sital Mody. “The project will alleviate transportation constraints out of the Permian Basin so as to further support meeting our domestic and global energy needs.”

“This expansion couldn’t come at a more critical time, as it will foster future natural gas production growth in West Texas and provide several liquefaction facilities along the Texas Gulf Coast with more affordable, reliable supply,” said Jamie Welch, President and CEO of Kinetik. “In addition, approximately 30 of Kinetik’s customers will gain access to premium priced markets and transportation flow assurance, which is critical to minimizing flared volumes.”

PHP is jointly owned by subsidiaries of Kinder Morgan, Inc. (NYSE: KMI), Kinetik Holdings Inc. (NASDAQ: KNTK) and ExxonMobil (NYSE: XOM), with an ownership interest of 26.7%, 53.3% and 20%, respectively.

About Kinder Morgan, Inc.

Kinder Morgan, Inc. (NYSE: KMI) is one of the largest energy infrastructure companies in North America. Access to reliable, affordable energy is a critical component for improving lives around the world. We are committed to providing energy transportation and storage services in a safe, efficient and environmentally responsible manner for the benefit of the people, communities and businesses we serve. We own an interest in or operate approximately 83,000 miles of pipelines, 141 terminals, and 700 billion cubic feet of working natural gas storage capacity. Our pipelines transport natural gas, refined petroleum products, crude oil, condensate, CO₂ and other products, and our terminals store and handle various commodities including gasoline, diesel fuel, chemicals, ethanol, metals and petroleum coke. Learn more about our renewables initiatives on the low carbon solutions page at www.kindermorgan.com.

Important Information Relating to Forward-Looking Statements

This news release includes forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 and Section 21E of the Securities and Exchange Act of 1934. Generally the words “expects,” “believes,” anticipates,” “plans,” “will,” “shall,” “estimates,” and similar expressions identify forward-looking statements, which are not historical in nature. Forward-looking statements in this news release include express or implied statements concerning the anticipated capacity, timing and benefits of the proposed PHP expansion project. Forward-looking statements are subject to risks and uncertainties and are based on the beliefs and assumptions of management, based on information currently available to them. Although KMI believes that these forward-looking statements are based on reasonable assumptions, it can give no assurance as to when or if any such forward-looking statements will materialize or their ultimate impact on KMI’s operations or financial condition. Important factors that could cause actual results to differ materially from those expressed in or implied by these forward-looking statements include the risks and uncertainties described in KMI’s reports filed with the Securities and Exchange Commission (SEC), including its Annual Report on Form 10-K for the year-ended December 31, 2021 (under the headings “Risk Factors” and “Information Regarding Forward-Looking Statements” and elsewhere) and its subsequent reports, which are available through the SEC’s EDGAR system at www.sec.gov and on KMI’s website at ir.kindermorgan.com. Forward-looking statements speak only as of the date they were made, and except to the extent required by law, KMI undertakes no obligation to update any forward-looking statement because of new information, future events or other factors. Because of these risks and uncertainties, readers should not place undue reliance on these forward-looking statements.

About Kinetik Holdings Inc.

Kinetik is a fully integrated, pure-play, Permian-to-Gulf Coast midstream C-corporation operating in the Delaware Basin. Kinetik is headquartered in Midland, Texas and has a significant presence in Houston, Texas. Kinetik provides comprehensive gathering, transportation, compression, processing and treating services for companies that produce natural gas, natural gas liquids, crude oil and water. Kinetik posts announcements, operational updates, investor information and press releases on its website, https://www.kinetik.com/.

About ExxonMobil

ExxonMobil, one of the largest publicly traded international energy and petrochemical companies, creates solutions that improve quality of life and meet society’s evolving needs. The corporation’s primary businesses - Upstream, Product Solutions and Low Carbon Solutions - provide products that enable modern life, including energy, chemicals, lubricants, and lower-emissions technologies. ExxonMobil holds an industry-leading portfolio of resources, and is one of the largest integrated fuels, lubricants and chemical companies in the world. To learn more, visit exxonmobil.com and the Energy Factor. Follow us on Twitter and LinkedIn.

KINDER MORGAN CONTACTS
Katherine Hill
Media Relations
(713) 369-9176
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Investor Relations
(800) 348-7320
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www.kindermorgan.com

KINETIK CONTACTS
Jim Schwartz
Media Relations
(713) 487-4838
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Maddie Wagner
Investor Relations
(713) 487-4832
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https://www.kinetik.com

Successful strategic funding round to accelerate growth for Cleartrace’s advanced carbon and energy management platform serving real estate portfolios, financial institutions, data centers and renewable energy suppliers

AUSTIN, Texas--(BUSINESS WIRE)--#ESG--Cleartrace, a leading carbon and energy management software company, announced today a $20 million financing round led by ClearSky with strategic investment from Brookfield Renewable, EDF Energy North America, Tenaska, and Exelon. This raise follows major growth announcements from Cleartrace, including its selection to provide auditable and assurance-ready proof of decarbonization for all of Iron Mountain’s U.S. data centers, Brookfield Properties’ premier skyscraper One Manhattan West, and JPMorgan Chase’s offices.

Cleartrace illuminates previously unseen data for renewable energy buyers and suppliers. Its product delivers 100% traceable and actionable hourly energy and carbon records for organizations with ESG and/or sustainability goals, such as real estate owners, investors, data centers and renewable energy suppliers. This enables its clients to be proactive leaders in their respective markets and take meaningful steps towards achieving tangible 24/7 decarbonization through load-matched renewable energy purchases or sales. Further, this level of data enables companies to prove when they have achieved their decarbonization goals and report on compliance with local environmental policies.

“Despite the rise in decarbonization goals as part of Environmental Social and Governance (ESG) commitments, energy data today is largely siloed, not validated and non-standardized,” said Lincoln Payton, CEO of Cleartrace. “Renewable energy buyers and suppliers need to understand the carbon intensity of the electricity they consume or produce – on an hourly basis–in order to advance their decarbonization strategies.”

“Leveraging Cleartrace’s hourly energy and carbon data positions our business ahead of the market to offer maximum decarbonization for our clients,” said Stephen Gallagher, Chief Commercial Officer of Brookfield Renewable’s U.S. business. “Demand by companies for 24/7 clean energy has never been higher, and this technology helps make that possible.”

“There are significant macro effects that are forcing more transparent and granular carbon reporting,” explained James Huff, Managing Director at ClearSky. “Consumers are forcing it. Compliance is forcing it. And that’s not to mention the marketing and capital markets value that having hourly data can bring to an organization. Cleartrace has the team, the technology and the partnerships to capitalize on the market opportunity.”

By providing sustainability leaders with auditable data, Cleartrace continues to advance its leadership in the energy and carbon management sector. The investment comes on the heels of the company's series of successful partnerships:

• JPMorgan Chase announced that they will partner with Cleartrace and NextEra to optimize its energy use and manage its carbon footprint;
• Iron Mountain announced that they will partner with Cleartrace across all the US data centers to attain the data needed to achieve their 24/7 load-matched renewable energy goals; and
• Brookfield Properties announced that they will partner with Cleartrace to provide 100% load matched carbon free energy to power their commercial real estate property One Manhattan West to exceed standards set by LL97.

As part of the funding, ClearSky, Brookfield Renewable, EDF Energy North America, and Tenaska gain board representation.

About Cleartrace
Cleartrace illuminates previously unseen data for renewable energy buyers and suppliers, delivering 100% traceable and actionable hourly energy and carbon records. The platform is trusted by the world’s most reputable companies, including JP Morgan Chase, NextEra, Iron Mountain, Brookfield Properties, and Brookfield Renewable.

About Brookfield Renewable
Brookfield Renewable operates one of the world’s largest publicly traded, pure-play renewable power platforms. Its portfolio consists of hydroelectric, wind, solar and storage facilities in North America, South America, Europe and Asia, and totals approximately 21,000 megawatts of installed capacity and an approximately 69,000-megawatt development pipeline. Investors can access its portfolio either through Brookfield Renewable Partners L.P. (NYSE: BEP; TSX: BEP.UN), a Bermuda-based limited partnership, or Brookfield Renewable Corporation (NYSE, TSX: BEPC), a Canadian corporation. Further information is available at www.bep.brookfield.com.

About EDF Energy North America
EDF Energy NA (formed of EDF Energy Services and EDF Trading North America) offers a full range of structured solutions — energy supply, transportation, risk management products and technology — to help customers optimize their energy assets and successfully compete in the marketplace. Customers include third-party power stations across North America, retail energy aggregators and commercial and industrials. EDF Energy NA also provides comprehensive wholesale market coverage of financial and physical products in power, natural gas, environmental products, NGLs, congestion management, derivatives and financial crude oil products. EDF Energy NA is part of the EDF Group, a global leader in low-carbon energies, with a diversified generation mix based on nuclear power, hydropower, new renewable energies and thermal energy.

About Tenaska
Tenaska is one of the leading independent energy companies in the United States, with a reputation for high standards and expertise in natural gas and electric power marketing, energy management, development and acquisition of energy assets, and operation of generating facilities. Forbes Magazine consistently ranks Tenaska among the largest private U.S. companies. Gross operating revenues were $18.4 billion in 2021.

Tenaska has developed, managed and/or operated approximately 22 gigawatts (GW) of natural gas-fueled and renewables generation. Its development portfolios include more than 23 GW of solar, wind and energy storage projects. The current Tenaska operating fleet includes 7.5 GW of generating facilities.

About Exelon
Exelon (Nasdaq: EXC) is a Fortune 200 company and the nation’s largest utility company, serving more than 10 million customers through six fully regulated transmission and distribution utilities — Atlantic City Electric (ACE), Baltimore Gas and Electric (BGE), Commonwealth Edison (ComEd), Delmarva Power & Light (DPL), PECO Energy Company (PECO), and Potomac Electric Power Company (Pepco). More than 18,000 Exelon employees dedicate their time and expertise to supporting our communities through reliable, affordable and efficient energy delivery, workforce development, equity, economic development and volunteerism. Follow Exelon on Twitter @Exelon

About ClearSky
ClearSky is a venture capital/growth equity group that invests in innovative companies, with a special focus on (i) technologies driving the energy transition, climate related technologies, and sustainability, (ii) the digital transformation of enterprise customers’ operations and communications, and (iii) disruptive solutions for cybersecurity, industrial security, and critical infrastructure security.

Media
Steven Goldman
+1 (512) 508-8134
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DENVER--(BUSINESS WIRE)--Civitas Resources, Inc. (NYSE: CIVI) (the "Company" or "Civitas") today announced the retirement of Cyrus (“Skip”) Marter and the appointment of Travis Counts as the Company’s new Chief Legal Officer.

Skip Marter, the Company’s General Counsel and Secretary, is retiring effective August 1, 2022. In conjunction with Mr. Marter’s retirement, the Company's board of directors has appointed Travis Counts as the new Chief Legal Officer and Secretary. Mr. Counts comes to Civitas from the law firm of Bracewell LLP, where he is currently a partner based in Midland, Texas. Prior to joining Bracewell, Mr. Counts was Senior Vice President, General Counsel and Corporate Secretary of Concho Resources Inc., where he helped to steer Concho through numerous transactions and integrations, including its 2021 acquisition by ConocoPhillips. Mr. Counts will be relocating to Denver, Colorado as he assumes his duties with Civitas.

Chris Doyle, President and Chief Executive Officer of Civitas, commented, “Our board of directors and I want to thank Skip for his many contributions to Civitas. He played a critical role in the restructuring of Bonanza Creek Energy, Inc. in 2017 and in the multiple mergers and acquisitions that have created the Civitas of today. We wish Skip the best in his well-deserved retirement. We also want to welcome Travis Counts as our new Chief Legal Officer. Travis brings significant transactional, integration, and leadership experience that will be critical to the continued evolution and success of Civitas."

About Civitas Resources, Inc.

Civitas Resources, Inc. is Colorado’s first carbon neutral oil and gas producer and is focused on developing and producing crude oil, natural gas, and natural gas liquids in Colorado’s Denver-Julesburg Basin. The Company is committed to pursuing compelling economic returns and cash flow while delivering best-in-class cost leadership and capital efficiency. Civitas is dedicated to safety, environmental responsibility, and implementing industry leading practices to create a positive local impact. For more information about Civitas, please visit www.civiresources.com.

Forward-Looking Statements and Cautionary Statements

Certain statements in this press release concerning the future opportunities for Civitas, future financial performance and condition, guidance and any other statements regarding Civitas’ future expectations, beliefs, plans, objectives, financial conditions, assumptions or future events or performance that are not historical facts are “forward-looking” statements based on assumptions currently believed to be valid. Forward-looking statements are all statements other than statements of historical facts. The words “anticipate,” “believe,” “ensure,” “expect,” “if,” “intend,” “estimate,” “probable,” “project,” “forecasts,” “predict,” “outlook,” “aim,” “will,” “could,” “should,” “would,” “potential,” “may,” “might,” “anticipate,” “likely,” “plan,” “positioned,” “strategy,” and similar expressions or other words of similar meaning, and the negatives thereof, are intended to identify forward-looking statements. The forward-looking statements are intended to be subject to the safe harbor provided by Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995.

These forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those anticipated, including, but not limited to, the ultimate timing, outcome and results of integrating the legacy operations of Civitas; changes in capital markets and the ability of Civitas to finance operations in the manner expected; the effects of commodity prices; the risks of oil and gas activities; and the fact that operating costs and business disruption may be greater than expected. Additionally, risks and uncertainties that could cause actual results to differ materially from those anticipated also include general economic conditions, whether internationally, nationally or in the regional and local market areas in which we do business; the effects of disruption of our operations or excess supply of oil and natural gas due to the COVID-19 pandemic and the actions by certain oil and natural gas producing countries; the scope, duration and severity of the COVID-19 pandemic, including any recurrence, as well as the timing of the economic recovery following the pandemic; ability of our customers to meet their obligations to us; our ability to generate sufficient cash flow from operations, borrowings, or other sources to enable us to fully develop our undeveloped acreage positions; the presence or recoverability of estimated oil and natural gas reserves and the actual future sales volume rates and associated costs; uncertainties associated with estimates of proved oil and gas reserves; the assumptions underlying forecasts, including forecasts of production, well costs, capital expenditures, rates of return, expenses, cash flow and cash flow from purchases and sales of oil and gas; the possibility that the industry may be subject to future local, state, and federal regulatory or legislative actions (including additional taxes and changes in environmental regulation); environmental risks; seasonal weather conditions; drilling and operating risks, including the risks associated with the employment of horizontal drilling and completion techniques; our ability to acquire adequate supplies of water for drilling and completion operations; availability of oilfield equipment, services, and personnel; exploration and development risks; competition in the oil and natural gas industry; our ability to secure adequate processing capacity for natural gas we produce, to secure adequate transportation for oil, natural gas, and natural gas liquids we produce, and to sell the oil, natural gas, and natural gas liquids at market prices; continued hostilities in Ukraine, the Middle East, South America, and other sustained military campaigns or acts of terrorism or sabotage; and other economic, competitive, governmental, legislative, regulatory, geopolitical, and technological factors that may negatively impact our businesses, operations, or pricing. Expectations regarding business outlook, including changes in revenue, pricing, capital expenditures, cash flow generation, strategies for our operations, oil and natural gas market conditions, legal, economic and regulatory conditions, and environmental matters are only forecasts regarding these matters.

Additional information concerning other risk factors is also contained in Civitas’ most recently filed Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and other Securities and Exchange Commission (“SEC”) filings. Civitas undertakes no duty to publicly update these statements except as required by law.

Investor Relations:
John Wren, This email address is being protected from spambots. You need JavaScript enabled to view it.

Media:
Brian Cain, This email address is being protected from spambots. You need JavaScript enabled to view it.

• Schneider Electric received top honors out of over 3,900 submissions from over 100 countries across various categories
• The award affirms Schneider Electric’s efforts in providing outstanding solutions and services to help customers move towards net-zero world

BOSTON--(BUSINESS WIRE)--Schneider Electric, the leader in the digital transformation of energy management and automation, today announced it has won the Energy & Sustainability 2022 Microsoft Partner of the Year Award. Schneider was honored among a global field of top Microsoft partners for its innovative EcoStruxure™ software solutions provided to customers that were powered by Microsoft technology, including Azure Cloud and Dynamics 365.

The Microsoft Partner of the Year Awards recognize Microsoft partners that have developed and delivered outstanding Microsoft-based applications, services and devices during the past year. Out of over 3,900 submissions from more than 100 countries across various categories, Schneider Electric was recognized for providing outstanding solutions and services in energy and sustainability.

In 2021, Schneider’s EcoStruxure solutions helped customers reduce their carbon emissions by 84 million tonnes which amount to 347 million tonnes saved or avoided since 2018. These solutions are powered by the most advanced evolution of Microsoft Azure, helping customers achieve their energy and sustainability objectives through the power of electric and digital solutions.

Olivier Blum, Executive Vice-President Energy Management at Schneider Electric, said “Receiving the 2022 Microsoft Energy & Sustainability Partner of the Year Award is a great recognition of the collaborative impact we are making together, to tackle climate change. We are at a critical juncture. Unless immediate action is taken to reduce emissions, we will shortly pass the point of no return. Companies are central to avoiding this; however, alone the impact will not be enough. That is why collaborations such as the one between Schneider and Microsoft are needed to supercharge innovation efforts and create the technology which can turn the tide.”

Customers Schneider Electric has empowered, together with Microsoft, by delivering outstanding solutions and services include:

• Green Data Center: When Microsoft sought an end-to-end solution to design, build and operate their data centers more efficiently, Schneider leveraged MTWO, RIB’s flagship cloud construction platform to integrate all inputs into a federated model. This allowed Microsoft to create a digital twin that delivered project speed and causality within the construction phase, driving more efficiencies with less rework and reduced waste.

Leading ESG by example in its ecosystem, Schneider Electric leveraged digital and electric technology in its own buildings:

• IntenCity: Opened in 2021, Schneider’s flagship ‘Building of the Future’ is ten times more energy efficient than an average property, making it one of the world’s most efficient buildings. Spanning 26,000m2 and housing 1,500 employees, Schneider’s EcoStruxure solutions with Azure deliver building intelligence by collecting 60,000 data points every two minutes. This allows IntenCity to use predictive data for smart building management and energy flexibility, for maximum reliability and resiliency.

Schneider Electric and Microsoft have been working together for more than 30 years. The longevity and success continue to be fueled by a shared vision for energy efficiency and sustainability. The ability to accelerate progress comes from the unique expertise that both Microsoft and Schneider can bring, but it is the collaboration that will take sustainability efforts the extra mile.

“I am honored to announce Schneider Electric as the 2022 Microsoft Energy & Sustainability Partner,” said Nick Parker, Corporate Vice President of Global Partner Solutions at Microsoft. “Schneider Electric were outstanding among the exceptional pool of nominees. We were extraordinarily impressed by the innovative use of Microsoft Cloud technologies as part of its EcoStruxure™ software solutions.”

Additional details on the 2022 awards are available HERE.

About Schneider Electric

Schneider’s purpose is to empower all to make the most of our energy and resources, bridging progress and sustainability for all. We call this Life Is On.

Our mission is to be your digital partner for Sustainability and Efficiency.

We drive digital transformation by integrating world-leading process and energy technologies, end-point to cloud connecting products, controls, software and services, across the entire lifecycle, enabling integrated company management, for homes, buildings, data centers, infrastructure and industries.

We are the most local of global companies. We are advocates of open standards and partnership ecosystems that are passionate about our shared Meaningful Purpose, Inclusive and Empowered values.

www.se.com

Discover Life Is On

Follow us on: Twitter, Facebook, LinkedIn, YouTube, Instagram, Blog

Discover the newest perspectives shaping sustainability, electricity 4.0, and next generation automation on Schneider Electric Insights

Hashtags: #PressRelease #EnergyManagement #Software #Sustainability #News

Thomas Eck
Schneider Electric
919-266-8623
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Schneider Electric Media Relations – This email address is being protected from spambots. You need JavaScript enabled to view it.

HOUSTON--(BUSINESS WIRE)--Murphy Oil Corporation (NYSE: MUR) will host a conference call and webcast beginning at 9:00 a.m. Eastern Daylight Time (EDT) on Thursday, August 4, 2022 to discuss second quarter 2022 earnings. The company plans to release its financial and operating results before the market opens that morning.

A webcast link and related presentation material will be included on the Investors page of the company’s website at http://ir.murphyoilcorp.com.

Date: Thursday, August 4, 2022
Time: 9:00 a.m. EDT
Toll Free Dial-in: 888-886-7786
Conference ID: 14108968

ABOUT MURPHY OIL CORPORATION
As an independent oil and natural gas exploration and production company, Murphy Oil Corporation believes in providing energy that empowers people by doing right always, staying with it and thinking beyond possible. Murphy challenges the norm, taps into its strong legacy and uses its foresight and financial discipline to deliver inspired energy solutions. Murphy sees a future where it is an industry leader who is positively impacting lives for the next 100 years and beyond. Additional information can be found on the company’s website at www.murphyoilcorp.com.

FORWARD-LOOKING STATEMENTS
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are generally identified through the inclusion of words such as “aim,” “anticipate,” “believe,” “drive,” “estimate,” “expect,” “expressed confidence,” “forecast,” “future,” “goal,” “guidance,” “intend,” “may,” “objective,” “outlook,” “plan,” “position,” “potential,” “project,” “seek,” “should,” “strategy,” “target,” “will” or variations of such words and other similar expressions. These statements, which express management’s current views concerning future events or results, are subject to inherent risks and uncertainties. Factors that could cause one or more of these future events or results not to occur as implied by any forward-looking statement include, but are not limited to: macro conditions in the oil and natural gas industry, including supply/demand levels, actions taken by major oil exporters and the resulting impacts on commodity prices; increased volatility or deterioration in the success rate of our exploration programs or in our ability to maintain production rates and replace reserves; reduced customer demand for our products due to environmental, regulatory, technological or other reasons; adverse foreign exchange movements; political and regulatory instability in the markets where we do business; the impact on our operations or market of health pandemics such as COVID-19 and related government responses; other natural hazards impacting our operations or markets; any other deterioration in our business, markets or prospects; any failure to obtain necessary regulatory approvals; any inability to service or refinance our outstanding debt or to access debt markets at acceptable prices; or adverse developments in the US or global capital markets, credit markets or economies in general. For further discussion of factors that could cause one or more of these future events or results not to occur as implied by any forward-looking statement, see “Risk Factors” in our most recent Annual Report on Form 10-K filed with the US Securities and Exchange Commission (“SEC”) and any subsequent Quarterly Report on Form 10-Q or Current Report on Form 8-K that we file, available from the SEC’s website and from Murphy Oil Corporation’s website at http://ir.murphyoilcorp.com. Murphy Oil Corporation undertakes no duty to publicly update or revise any forward-looking statements.

Investor Contacts:
Kelly Whitley, This email address is being protected from spambots. You need JavaScript enabled to view it., 281-675-9107
Megan Larson, This email address is being protected from spambots. You need JavaScript enabled to view it., 281-675-9470

• Louisiana Energy Gateway will facilitate delivery of natural gas to Gulf Coast customers including LNG terminals
• Low carbon infrastructure will expand Williams’ existing gathering and processing footprint, supporting demand driven volume growth
• Project creates additional investment opportunities for carbon capture and storage as well as follow on projects for increased LNG market access

TULSA, Okla.--(BUSINESS WIRE)--Williams (NYSE: WMB) today announced that it has reached a final investment decision on its clean energy project, the Louisiana Energy Gateway (LEG), which will gather 1.8 Bcf/d of natural gas produced in the Haynesville basin for delivery to premium markets, including Transco, industrial markets and growing LNG export demand along the Gulf Coast. Williams intends to create opportunities to pursue additional market access projects as well as develop carbon capture and storage infrastructure that will further decarbonize the natural gas value chain. The project is expected to go into service in late 2024.

“The Louisiana Energy Gateway is a key component of our low carbon, wellhead to water strategy, proving up what an important role natural gas can play in reducing emissions, lowering costs and providing secure and reliable energy at home and around the world,” said Alan Armstrong, president and CEO of Williams. “By leveraging our scale, value chain integration and unique capabilities, we are unlocking capacity for Haynesville production growth and facilitating the delivery of next gen gas to meet the climate goals and the energy needs of our customers and our country.”

This announcement further supports Williams’ recently announced partnerships with Context Labs, Encino Environmental and Satlantis, whose technology solutions will be integrated into the project and will enable the measurement of end-to-end, verifiable and transparent emissions data to demonstrate the low carbon benefits of produced and delivered Haynesville natural gas.

“Williams is committed to incorporating emerging technologies to deliver the next generation of natural gas. With LEG, we are pleased to be able to offer an infrastructure solution that integrates real time emissions monitoring and emissions reduction strategies. LEG is also ideally positioned to incorporate carbon capture and storage as a further decarbonizing solution for natural gas production in the rapidly growing Haynesville basin,” said Chad Zamarin, senior vice president, Corporate Strategic Development for Williams.

Earlier this year, Williams signed a Memorandum of Understanding with Quantum Energy Partners to form a joint venture that will enable Quantum to become an equity investor and partner in the project. The partnership brings together Williams’ expertise as a leading developer and operator of clean energy infrastructure with Quantum’s abilities as a leading global provider of private capital to the responsibly sourced energy and energy transition & decarbonization sectors.

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.

MEDIA:
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800-945-8723

INVESTOR CONTACT:
Danilo Juvane
918-573-5075

Grace Scott
918-573-1092

Platform Integration that enables solar installers in Australia to offer their customers zero-interest finance presentation and approval right from the customer’s proposal

SYDNEY--(BUSINESS WIRE)--#solarfinance--OpenSolar Pty Ltd., a software company focused on empowering solar installers with the world’s most accurate and entirely free solar design and sales platform, and Plenti, an Australian award-winning provider of renewable energy loans, today announced a new and improved version of their platform integration partnership that builds on their shared mission to make solar accessible to more people as quickly as possible.

Building on their existing collaboration, the two companies have introduced their latest product offering to enable solar installers to convert even more leads to sales. Available now, Australian solar installers can offer Plenti zero-interest payment plans directly in the proposals they send to their customers. All in one proposal, customers can now accurately visualise their homes with solar, together with finance options that allow them to pay in up to 72 equal regular payments with 0% interest. Solar installers benefit by providing an effortless purchasing experience for their customers, including automatic conditional approvals within 2 minutes of the customer’s application.

“At OpenSolar, we enable Aussie solar installers to present super compelling solar proposals to their customers with cutting edge accuracy,” said Maaike Gobel, Head of Partnerships. “What’s great about this latest innovation from Plenti is that the customers can see really flexible finance options that can get approved on the spot, getting more solar out there in less time.”

“As we continue on our mission to build Australia’s best lender, our goal is to provide the very best in flexible payment terms for solar customers,” said Louis Edwards, Head of Renewable Energy Finance. “This new style of finance integration with OpenSolar means that solar installers can increase their sales conversion whilst also being able to rely on steady and timely income for their growing businesses.”

Starting today, solar professionals on OpenSolar can go to www.opensolar.com/plenti to learn more about this new feature, activate it on their accounts and start offering zero-interest finance to their customers right away.

This latest innovation from OpenSolar and Plenti follows significant achievements by both companies. In November 2021, OpenSolar announced the findings of independent, third-party assessments that validate the unmatched accuracy of its solar design tool. Since its launch in 2019, OpenSolar’s free-to-use design and sales platform has enabled solar installers in over 120 countries to convert more prospects into booked sales, while saving time and eliminating the costly licensing fees attached to other solar design and sales platforms. Plenti recently announced interest free finance, designed to help more Australians realise the benefits of installing residential renewable energy technology such as solar panels and batteries.

About Plenti

Plenti is a fintech lender, providing faster, fairer loans through smart technology. We offer award-winning automotive, renewable energy and personal loans, delivered by proprietary technology, to help creditworthy borrowers bring their big ideas to life. Since establishment in 2014, our loan originations have grown consistently, supported by diversified loan products, distribution channels and funding, and underpinned by our exceptional credit performance and continual innovation. For more information visit plenti.com.au/shareholders.

About OpenSolar

OpenSolar launched in 2019 with a mission to scale solar globally by providing installers with innovative software technology and an equally innovative business offering – the world’s first entirely free-to-use design and sales platform. Solar installers can use OpenSolar’s end-to-end platform to manage and grow their businesses all in one place with class-leading solar design accuracy, interactive custom proposals, and a portfolio of fully integrated financing options, products, and services. Instead of charging a licensing fee, OpenSolar provides its software free of charge and instead derives revenue from its hardware and finance partner affiliates. By utilising OpenSolar, installers can avoid costly software costs and instead, invest more money into other areas of their businesses, confident they are using the very best design and sales tools available in the market, all for free. OpenSolar is based in Sydney, Australia, with remote offices in the U.S. For more information, visit www.opensolar.com.

OpenSolar
Maaike Gobel
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Plenti
Julia Lefort
Head of Corporate Affairs

ST. JOHN’S, Newfoundland and Labrador--(BUSINESS WIRE)--$ARR.TO--Altius Renewable Royalties Corp. (TSX: ARR) (OTCQX: ATRWF) (“ARR” or the “Company”), is pleased to report that the previously sold 360 MW Canyon Wind project and 180 MW Flatland Solar project (see Altius Minerals press release dated October 17, 2019), have been re-acquired by Tri Global Energy (“TGE”) and resold to an established buyer. Both projects are located in West Texas and have royalties in favour of Great Bay Renewables LLC, (“Great Bay”) which is jointly controlled by ARR and certain funds managed by affiliates of Apollo Global Management, Inc.

As part of the acquisition structuring, Great Bay agreed to adjust the royalty rates on Canyon Wind to a phased royalty of 2.0% on the first 150 MWs, 2.5% on the next 50 MWs and a 3.0% royalty on anything above 200 MWs since the project is now expected to be constructed in phases. The royalty for Flatland Solar was adjusted from 1.5% to an escalating fixed payment of equivalent value.

The royalty rate adjustments will be reflected accordingly during the post-operational valuations to be completed pursuant to Great Bay’s agreements with TGE and will not impact the overall return hurdle requirements contemplated therein.

About ARR

ARR is a recently formed renewable energy company whose business is to provide long-term, royalty level investment capital to renewable power developers, operators, and originators. ARR has 16 renewable energy royalties representing 3,510 MW of renewable power, diversified by wind, solar, stage of development or operations and regional power pool in the U.S. The Corporation combines industry expertise with innovative, partner-focused solutions to further the growth of the renewable energy sector as it fulfills its critical role in enabling the global energy transition.

Flora Wood, Corporate Secretary
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1.877.576.2209
Direct: +1(416)346.9020

Ben Lewis, CFO
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1.877.576.2209

TULSA, Okla.--(BUSINESS WIRE)--Tulsa-based Citizen Energy announced it has closed an acquisition of substantially all of the oil and gas properties of Red Bluff Resources and Bricktown Energy with an April 1, 2022 effective date.

The acquisition will generate a 18% increase in Citizen’s daily production and includes an additional ~13,000 BOEPD (56% liquids), 200 operated wells, and 739 non-op wells. Citizen’s existing ~245,000 net acre position coupled with Sellers ~80,000 net acres will create a dominant Mid-Continent footprint.

Pro forma for the acquisition, Citizen assets will consist of ~86,000 BOEPD, 720+ operated wells, 326,000+ net acres (98% HBP), and a projected next twelve months EBITDAX of ~$750-$800 million. Citizen expects the acquisition to be highly accretive to shareholder returns and set Citizen on a trajectory to become one of the top private producers in the U.S.

Baker Botts served as legal counsel for Buyers. Kirkland & Ellis served as legal counsel and JPMorgan served as the exclusive financial advisor for the Sellers.

Debt Financing

Concurrently with the acquisition, the Company announced the closing of $250 million of Senior Secured Second Lien Notes (the “Notes”) on June 29, 2022 maturing on June 29, 2027. The Company used the net proceeds from the Notes to fund the acquisition and to pay down borrowings under the Company’s revolving credit facility. The Company secured financing for the transaction from certain private funds managed by EIG, an institutional capital provider throughout the energy value chain.

The Company also announced an amendment to its senior secured revolving credit facility with JPMorgan Chase Bank, N.A., as administrative agent, and a syndicate of 14 lenders. The borrowing base and elected commitment amounts under the facility has been increased from $850 million to $1 billion in connection with the acquisition.

About Citizen

Citizen Energy is an integrated oil and natural gas company engaged in the acquisition, development, production, exploration and sale of crude oil and natural gas properties located in Oklahoma, primarily targeting the Meramec and Woodford Shale formations. In addition to its upstream properties, Citizen operates ~213 miles of natural gas gathering pipelines, 225 MMcf/d of gas processing capacity, and ~103 miles of water gathering pipelines (“Midstream Properties”).

Bryan Hawkins
918-949-4680
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AUSTIN, Texas--(BUSINESS WIRE)--Hyliion Holdings Corp. (NYSE: HYLN) (“Hyliion”), a leader in electrified powertrain solutions for Class 8 semi-trucks, today announced that NFI has ordered 10 units backed by deposits to secure Hypertruck ERX™ production slots.

A leader in supply chain logistics with a fleet of over 4,500 trucks, NFI’s focus on sustainably serving communities across North America led to their interest in the Hypertruck ERX. The order comes after the Hypertruck Innovation Council member visited Hyliion’s headquarters for a Ride and Drive experience to evaluate the impact adding Hypertruck ERX units to their fleet could have in further driving their momentum in the zero-emissions goods movement.

“With an approach to sustainability from a strategic perspective, NFI’s commitment to tracking and reducing its greenhouse gas emissions makes them a strong Hypertruck Innovation Council member and a clear leader in the drive toward a zero-emission transportation industry. I’m thrilled they have selected the Hypertruck ERX as an avenue in reducing their carbon footprint as they continue to push forward with scalable sustainability initiatives,” said Thomas Healy, Founder and CEO of Hyliion.

“NFI has been providing logistics solutions for 90 years, and our commitment to sustainability initiatives will allow us to continue to serve our valued customers for decades to come. By investing in green technology like the Hypertruck ERX, we’re able to take another transformative step toward a zero-emissions freight industry, and I look forward to seeing the impact these Hypertruck ERX units will have in further reducing our carbon footprint,” said James O'Leary, Vice President of Assets at NFI.

About Hypertruck ERX™

The Hypertruck ERX™ is an electric powertrain that is recharged by an onboard natural gas generator for Class 8 commercial trucks that aims to provide lower operating costs, emissions reductions, and superior performance. Utilizing the 700+ commercial natural gas vehicle filling stations across North America, it enables long range and quick refueling, and when fueled with renewable natural gas, can provide net-negative carbon emissions to commercial fleets.

About Hyliion

Hyliion’s mission is to reduce the carbon intensity and greenhouse gas (GHG) emissions of Class 8 commercial trucks by being a leading provider of electrified powertrain solutions. Leveraging advanced software algorithms and data analytics capabilities, Hyliion offers fleets an easy, efficient system to decrease fuel and operating expenses while seamlessly integrating with their existing fleet operations. Headquartered in Austin, Texas, Hyliion designs, develops, and sells electrified powertrain solutions that are designed to be installed on most major Class 8 commercial trucks, with the goal of transforming the commercial transportation industry’s environmental impact at scale. For more information, visit www.hyliion.com.

About NFI

NFI is a fully-integrated North American supply chain solutions provider headquartered in Camden, N.J. Privately held by the Brown family since 1932, the company generates more than $3.1 billion in annual revenue and employs over 15,500 associates. NFI owns and operates more than 60 million square feet of warehouse space alongside a dedicated fleet of 4,600 tractors and 13,000 trailers. By 2023, the company will operate the first 100% zero-emission drayage fleet, leading the transition to zero-emission goods movement in the United States. NFI’s relentless innovation and unparalleled service deliver logistics solutions that transform the way business gets done. The company’s business lines include dedicated transportation, warehousing and distribution, ecommerce fulfillment, brokerage, transportation management, port drayage, intermodal, global logistics, and industrial real estate. For more information about NFI, visit www.nfiindustries.com or call 1-877-NFI-3777.

Forward Looking Statements

The information in this press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of present or historical fact included in this press release, regarding Hyliion and its future financial and operational performance, as well as its strategy, future operations, estimated financial position, estimated revenues, and losses, projected costs, prospects, plans and objectives of management are forward looking statements. When used in this press release, including any oral statements made in connection therewith, the words “could,” “should,” “will,” “may,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “project,” the negative of such terms and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on management’s current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. Except as otherwise required by applicable law, Hyliion expressly disclaims any duty to update any forward-looking statements, all of which are expressly qualified by the statements herein, to reflect events or circumstances after the date of this press release. Hyliion cautions you that these forward-looking statements are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of Hyliion. These risks include, but are not limited to, Hyliion’s ability to disrupt the powertrain market, Hyliion’s focus in 2022 and beyond, the effects of Hyliion’s dynamic and proprietary solutions on its commercial truck customers, accelerated commercialization of the Hypertruck ERX™, the ability to meet 2022 and future product milestones, the impact of COVID-19 on long-term objectives, the ability to reduce carbon intensity and greenhouse gas emissions and the other risks and uncertainties set forth in “Risk Factors” section of Hyliion’s annual report on Form 10-K filed with the Securities and Exchange Commission (the “SEC”) on February 24, 2022 for the year ended December 31, 2021. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Should one or more of the risks or uncertainties described in this press release occur, or should underlying assumptions prove incorrect, actual results and plans could different materially from those expressed in any forward-looking statements. Additional information concerning these and other factors that may impact Hyliion’s operations and projections can be found in its filings with the SEC. Hyliion’s SEC Filings are available publicly on the SEC’s website at www.sec.gov, and readers are urged to carefully review and consider the various disclosures made in such filings.

Hyliion Holdings Corp.
Ryann Malone
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(833) 495-4466

Sharon Merrill Associates, Inc.
Nicholas Manganaro
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(617) 542-5300