Company’s Largest Hybrid PV and Energy Storage Project Reaches Commercial Operation in Auburn; New Construction-Ready Project Acquired in Hopkinton
WAKEFIELD, Mass.--(BUSINESS WIRE)--Agilitas Energy, the largest integrated developer, builder, owner and operator of distributed energy storage and solar photovoltaic (PV) systems in the northeastern U.S., today announced significant milestones for two Solar Massachusetts Renewable Target (SMART) projects in its pipeline that will help accelerate the Bay State’s transition to renewable energy.
Located in Auburn and Hopkinton, both projects are classified as Community Solar Programs, will participate in ISO-New England markets, and generate Massachusetts Clean Peak Certificates. Agilitas Energy is one of the largest Massachusetts SMART program developers and these projects give the company a SMART project portfolio of seven ongoing projects with 52 megawatts (MW) of solar PV and 27 MW/81 megawatt hours (MWh) of energy storage.
The company completed the construction of its largest utility-scale, coupled solar PV and battery energy storage system in Auburn, MA. Now in commercial operation, the project consists of a 7.3 MW direct current (DC) solar array and a 3.6 MW/9.5 MWh energy storage system. It will give local consumers the benefit of lower-cost electricity and power more than 1,200 Massachusetts homes annually. Several hundred organizations have signed long-term power purchase agreements that guarantee energy savings for the next two decades.
Agilitas Energy has also acquired a construction-ready, front-of-the-meter PV and energy storage project in Hopkinton, MA that will serve Eversource with a 5.8 MW DC solar array and 4 MW/9 MWh of storage capacity. As part of the project, Agilitas Energy will set aside more than 45 acres of open space for permanent conservation, and will donate more than $10,000 for the construction of a parking area to support access to the trail network on site.
“Programs like SMART make a noticeable difference in empowering cost-effective solar development, and we’re confident these projects will help bring predictable, low-cost, clean energy to the communities that need it – other states should look to replicate what Massachusetts has done,” said Barrett Bilotta, President of Agilitas Energy. “Along those lines, we’re proud of the solar and storage projects we’ve built in our home state and across New England, and with our recent capital raise, we’re looking to replicate our success with utilities and municipalities throughout the U.S.”
The company recently raised $350 million of equity in a two-tiered investment from CarVal Investors L.P., financing that will fund a national build-out of Agilitas Energy’s large pipeline of renewable energy and battery storage systems.
Agilitas Energy is actively constructing or developing several other coupled solar PV and energy storage projects under the SMART program in various towns across the Commonwealth and is currently seeking projects at all stages of development across the country. To inquire about how Agilitas Energy can deliver an energy solution or serve as a partner on a project, please visit https://agilitasenergy.com/contact/.
About Agilitas Energy
Agilitas Energy is a leading renewables and energy storage company with a mission to accelerate the transition to clean energy. As the largest integrated developer, builder, owner and operator of distributed energy storage and solar PV systems in the northeastern U.S., Agilitas Energy manages the entire end-to-end lifecycle of the projects that deliver predictable, low-cost, clean energy for off-takers, utilities and municipalities. The company has a U.S. pipeline of more than 500 MW of solar PV and energy storage projects. To learn more, please visit: https://agilitasenergy.com/.
Liam Sullivan on behalf of Agilitas Energy
V2 Communications
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DUBLIN--(BUSINESS WIRE)--The "Global Biomethane Market, By Feedstock Type (Agricultural Waste, Animal Manure, Organic Household waste, Energy Crops, and Others), By Production Method (Fermentation v/s Gasification), By Application, By Region, Competition Opportunity, and Forecast, 2017-2027" report has been added to ResearchAndMarkets.com's offering.
The global biomethane market valued at USD3944.28 million that is anticipated to grow with a CAGR of 5.80% during the forecast period to achieve market value of USD5606.64 million by 2027F.
The market growth can be attributed to growing investments and development in the sector. Moreover, financial aids for the gas distribution facilities and expansion of the related infrastructure would further drive the growth of the global biomethane market in the upcoming five years.
The demand is further increasing from the power generation sector with increasing concerns toward exhausting non-renewable sources of energy and power like coal, petrol & petroleum products, etc. further aiding the growth of the global biomethane market in the future five years. Growing investments in the eco-friendly alternatives for a greener and sustainable environment also play an important role in market growth.
The global biomethane market is segmented by feedstock type, production method, application, regional distribution, and competitional landscape. Based on feedstock type, the market is further segmented into agricultural waste, animal manure, organic household waste, energy crops, and others, By production method, the market is differentiated between fermentation and gasification.
Based on application, the market is further segmented into automotive, power generation, and others. On the basis of regional distribution the market is divided into North American region, European region, South American region, Asia Pacific region, and Middle East & Africa region.
Fermentation is anticipated to lead the production method segment of the market and hold the largest revenue shares of the market in the upcoming five years. The segmental growth can be attributed to increased inclination of the production sector towards economic and ecological methods of biomethane production. Rising concerns toward degrading environment and depleting ozone layer causing life threatening issues are further responsible for the fermentation process of production of biomethanes.
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Companies Mentioned
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In this report, global biomethane market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Biomethane Market, By Feedstock Type:
Biomethane Market, By Production Method:
Biomethane Market, By Application:
Biomethane Market, By Region:
For more information about this report visit https://www.researchandmarkets.com/r/h4pag5
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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Pikes Peak Live, presented by Mobil 1, will stream the historic race exclusively on YouTube
Mobil 1 has teamed up with drivers Jeff Zwart and Loni Unser to “Race to the Clouds”
Hoonigan, BBI, and Mobil 1 join forces to create Hoonipigasus, a 1,400 horsepower, twin-turbo Porsche engineered to set the record on America’s Mountain
SPRING, Texas--(BUSINESS WIRE)--On its quest to give back to driving fans with thrilling content, innovative products and incredible racing experiences, Mobil 1™, the world’s leading synthetic motor oil brand, is once again returning to the 100th Running of The Broadmoor Pikes Peak International Hill Climb, brought to you by Gran Turismo – all for the love of driving! Mobil 1 enters the centennial race as the winningest motor oil brand to compete on the mountain, having racked up 84 wins since Louis Unser first took home glory in 1923 using conventional Mobiloil™ lubricants. Fast forward to 2022, Mobil 1 lubricant technology will protect the cars of two legacy drivers – Jeff Zwart and Loni Unser – as well as the much-anticipated “Hoonipigasus,” with icon Ken Block behind the wheel. Racing fans can get in on the action when they tune into Pikes Peak Live presented by Mobil 1, streamed exclusively on the Mobil 1 YouTube page.
Pikes Peak Live presented by Mobil 1: The Only Way To Stream the “Race to the Clouds”
As all eyes turn to the historic race on Sunday, June 26, 2022, Pikes Peak Live presented by Mobil 1 will provide fans a closer-than-ever-before view to the passenger’s seat of the world’s most adrenaline-inducing drivers’ cars as they take on the 14,115-foot mountain climb. For the third year in a row, Pikes Peak will be live streamed exclusively on the Mobil 1 YouTube page and feature new hosts live from the pits, new HD, surprise guests, cameras, and live timing. Fans can tune-in for free and will have a chance to win limited-edition giveaways throughout the livestream.
At the helm of the broadcast, Formula DRIFT commentator Jarod DeAnda will debut as the “Voice of the Mountain,” serving up gear-turning, play-by-play commentary. He will be joined by Tanner Foust, “Pikes Peak Live Technical Attaché,” to break down the automotive technological capabilities throughout the climb. Foust will offer his unique and veteran perspective to the event, as he previously took on America’s Mountain last year in a Porsche Cayman GT4 Clubsport. The broadcast will begin on Sunday, June 26 at 7:00 a.m. MT and conclude at 12:00 p.m., bearing weather conditions.
Where Family and Mountain Legacy Intersect: Mobil 1 Backs Loni Unser and Jeff Zwart
With a partnership dating back to 1997, legendary driver Jeff Zwart will once again trust Mobil 1 lubrication technology as he tackles his 17th running of Pikes Peak in a 2019 Porsche 935-19. In the convergency of legacy stories, Zwart will serve as the coach of the brand’s other sponsored driver, rookie Loni Unser, and the entire Porsche Pikes Peak Trophy by Yokohama division of drivers.
As one of three women competitors to enter a field of 73, Loni Unser will make her debut at the event that is practically synonymous to her family’s last name. The Unser family also has a long-standing relationship with Mobil 1, dating back to 1934, when American auto racer, and Loni’s great uncle, Louis Unser claimed first place. Louis went on to become a nine-time champion using conventional Mobiloil™ lubricants.
Both Loni’s and Zwart’s vehicles will feature the same Mobil 1 products you can buy off-the-shelf, which help deliver the performance and protection needed at the extremes found at 14,115 feet of elevation. Liveries will be outfitted with the brand’s iconic Mobil Pegasus, which been flying with the world’s fastest cars up Pikes Peak since when Loni’s great uncle first won with a Mobil Pegasus on the hood – and the brand’s love of driving has only grown every year since.
The Hoonipigasus: The Newest Mythical Car
With a nod to the past, and a wink towards what lays past those checkered lines, the Hoonipigasus has a moniker that combines the spirit of motorsport legacy between three iconic marks: Hoonigan, Porsche and the Mobil 1 Pegasus. The 1,400 horsepower Pink Porsche, fed by two turbochargers and driven by legendary driver, Ken Block, was dreamed up to celebrate what’s possible when fun, performance and the love of driving are packed into a single vehicle.
“As a brand we’re constantly looking to take on challenges that push us out of our comfort zone,” said Ryan Allen, automotive brands and partnerships manager for North America at ExxonMobil. “By joining forces with Hoonigan this year to create the Hoonipigasus, we are seeking to honor the spirit of the engineers that took on Pikes Peak when it was open-wheeled cars risking it all for a chance at glory. We are beyond excited to see this incredible build on the mountain!”
Hoonipigasus will rely on Mobil 1 lubrication technology to fight its way up to the 14,115-foot summit, keeping the legacy alive and feeding the drive for all motorsport enthusiasts. The vibrant pink color scheme that once paid homage to the Porsche 917/20 ‘Pink Pig,’ and turned heads at Le Mans in 1971 will be making its coveted return once again in a new form.
About Mobil 1
Mobil 1, the world’s leading synthetic motor oil brand, is a brand that has been trusted for more vehicle miles than any one of us sees in our lifetime. Designed to empower our love of driving, Mobil 1 advanced synthetic motor oil features anti-wear technology that provides performance beyond our conventional motor oils – that means more time behind the wheel than under the hood. This technology allows Mobil 1 advanced synthetic motor oil to meet or exceed the toughest standards of vehicle manufacturers and tuning shops, all while providing exceptional protection against engine wear, under normal or even some of the most extreme conditions. Not that you’d ever put your car though any extremes. Join us. For the love of driving.
ExxonMobil Media Relations
832-625-4000
DUBLIN--(BUSINESS WIRE)--The "Global Sand Trap for Oil & Gas Market, By Type (Gravity, Centrifugal), By Application (Cased Hole, Open Hole), By Well Type (Horizontal, Vertical), By Region, Competition Forecast and Opportunities, 2017-2027" report has been added to ResearchAndMarkets.com's offering.
The global sand trap for the oil & gas market is expected to register growth at a significant rate during the forecast period. The market growth can be attributed to the increasing demand for obtaining cleaner oil from oil reservoirs and the increasing use of efficient & sophisticated drilling equipment.
Oil reservoirs are often present in fragile environments, which produces crude oil along with slurry and mud. This creates a requirement for tools to separate mud from the sand trap for cleaner crude oil. Besides, rising demand for oil & petroleum products and continuous shale development activities are anticipated to drive the sand trap for the oil & gas market.
Additionally, rising efforts to increase reserves to production ratio from the wells and shale developments across geographies. Major oil & gas companies have shifted their focus toward technological advancements to improve the tools and techniques for increasing recovery and extending the life of mature fields, which is expected to fuel the growth of the sand trap for the oil & gas market.
The growing dependency of major economies on oil and gas production and an increasing number of market players involved in the extraction of petroleum products in clearer form is also expected to fuel the global sand trap for the oil & gas market in the coming years. Rising investments, private funding, and favorable schemes offered by the government authorities are further aiding the growth of the global sand trap for the oil & gas market.
Major discoveries in the offshore region, especially in western offshore Africa, and more investment from companies to increase oil production capacity are projected to increase the growth of the global sand trap for the oil & gas market. However, fluctuating oil prices and rising operational expenses might hinder the growth of the global sand trap for the oil & gas market.
The global sand trap for oil & gas market segmentation is based on type, application, well type, regional distribution, and competitive Landscape. Based on type, the market is divided between gravity and centrifugal. The gravity sub-segment is anticipated to hold the largest share in the global sand trap for the oil & gas market in the forecast period.
The gravity equipment provides better separation of mud from the oil across a wide range of flow regimes. The well type segment of the market is also fragmented into horizontal and vertical well type. The horizontal well type segment is expected to dominate the global sand trap for the oil & gas market since they carry high content of slurry along with oil.
Years Considered for This Report:
Objective of the Study:
Companies Mentioned
Report Scope:
In this report, global sand trap for oil & gas market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Sand Trap for Oil & Gas Market, By Type:
Sand Trap for Oil & Gas Market, By Application:
Sand Trap for Oil & Gas Market, By Well Type:
Sand Trap for Oil & Gas Market, By Region:
For more information about this report visit https://www.researchandmarkets.com/r/8oztnx
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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JENBACH, Austria--(BUSINESS WIRE)--INNIO, a leading energy solution and service provider, has published its Sustainability Report for 2021 Together Towards Zero, which defines the company’s performance in meeting environmental, social, and governance (ESG) goals. While INNIO is currently empowering industries and communities to transition to net zero, this report – prepared in accordance with GRI and SASB standards – formally communicates on progress and sustainability-related performance providing, transparency about how INNIO is contributing to a green tomorrow.
Earlier this year, Sustainalytics ranked INNIO number one out more than 500 companies, meaning it has the lowest risk within the machinery industry assessed (Rating of 11 “Low risk level”). In addition, INNIO received the Gold Medal from EcoVadis, placing its Jenbacher business in the top 1% of industry peers. Last year, INNIO became signatory of the Science Based Targets initiative and the United Nations ‘Race to Zero’ campaign, that brings together global leadership for a healthy, resilient, and zero-carbon future.
In accordance with global frameworks and commitments, INNIO set out ambitious sustainability targets in three strategic focus areas where it sees the most material impacts and opportunities for improvement: Low Carbon and Circular Products, Resilient Supply Chain and Manufacturing, and Responsible Operations and Social Responsibility.
Selected key ambitions in these areas include:
Dr. Olaf Berlien, chief executive officer at INNIO, states:
“I’m incredibly proud of the steps we have taken to implement our ESG strategy. The outstanding recognition we have received for our achievements with leading ESG ratings shows that we are on the right track on our path to net zero.”
Marcin Kawa, vice president Sustainability at INNIO, states:
“INNIO’s 2021 Sustainability Report summarizes a year filled with sustainability and ESG initiatives, collaboration, and progress. “This report is the next milestone in our journey as we move ‘Together Towards Zero.’ I’m happy to be part of a team that is so passionate about making a difference while building transparency and trust among our stakeholders worldwide.”
* Rating took place in February 2022
About INNIO’s 2021 Sustainability Report
INNIO’s 2021 Sustainability Report is a non-financial disclosure published annually. This 2021 disclosure was prepared in accordance with the standards of the Global Reporting Initiative (GRI) core option and the Sustainability Accounting Standards Board (SASB). It also includes an initial analysis in line with the Task Force on Climate-related Financial Disclosures (TCFD) Recommendations Framework. The report also serves as Communication on Progress (COP) for the UN Global Compact (UNGC). Through non-financial reporting, INNIO describes its management and performance of environmental, social, and governance (ESG) issues. INNIO’s disclosures focus on the topics that have been deemed most material to the business based on a materiality assessment. INNIO’s alignment with the United Nations Sustainable Development Goals (UN SDGs) is based on the GRI and the UNGC’s Business Reporting on the UN SDGs. This Sustainability Report has been externally assured. The data presented in the report is consolidated at Group level and covers 100% of business operations and 90% of global locations. This boundary applies to all material topics, unless clearly indicated otherwise. All the health, safety, and environmental data, including greenhouse gas (GHG) data for Scope 1, Scope 2, and Scope 3, cover the INNIO Group using the financial control approach.
For more information, access INNIO’s Sustainability Report 2021 here.
About INNIO
INNIO is a leading energy solution and service provider that empowers industries and communities to make sustainable energy work today. With our product brands Jenbacher and Waukesha and our digital platform myPlant, INNIO offers innovative solutions for the power generation and compression segments that help industries and communities generate and manage energy sustainably while navigating the fast-changing landscape of traditional and green energy sources. We are individual in scope, but global in scale. With our flexible, scalable, and resilient energy solutions and services, we are enabling our customers to manage the energy transition along the energy value chain wherever they are in their transition journey.
INNIO is headquartered in Jenbach (Austria), with other primary operations in Waukesha (Wisconsin, U.S.) and Welland (Ontario, Canada). A team of more than 3,500 experts provides life-cycle support to the more than 54,000 delivered engines globally through a service network in more than 80 countries.
INNIO’s ESG Risk Rating places it number one of more than 500 worldwide companies in the Machinery industry assessed by Sustainalytics.
For more information, visit INNIO’s website at www.innio.com. Follow INNIO on Twitter and LinkedIn.
1 Defined in accounting protocol as either sold with the capacity to run on 100% hydrogen or that can be upgraded at a reasonable cost
2 We will focus on distinct employee groups and diversity dimensions (age, gender, nationality, and minorities) when implementing diversity initiatives. For more information, please visit page 78 in our report.
Susanne Reichelt
INNIO Media Relations
+43 664 80833 2382
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Global leader in connected safety technology earns Canadian Occupational Safety Readers’ Choice Award for 2022
CALGARY, Canada--(BUSINESS WIRE)--$BLN #TSX--Blackline Safety Corp. (TSX: BLN) ("Blackline" or "Blackline Safety"), a global leader in connected safety technology, has been named best in class for Lone Worker Monitoring by the 2022 Canadian Occupational Safety (COS) Readers’ Choice Awards.
Blackline – which provides wearable safety technology, personal and area gas monitoring, cloud-connected software and data analytics to ensure every worker gets their job done and returns home safely each day – is one of three winners in the category, receiving a top rating for its G7 Lone Worker Wearable Device. This is the second consecutive year that Blackline has received this award.
“When it comes to safety technology, customers want to feel confident they are partnering with organizations who are trusted, reliable and responsive—with an established track record,” said Cody Slater, CEO and Chair of Blackline Safety.
“Receiving this recognition from experts in the safety sector validates our game-changing technology in saving lives and transforming workplaces. Our wearable, cloud-connected devices are providing peace of mind and confidence to both safety professionals and employees that their safety is accounted for when they are at their most vulnerable.”
The COS Awards – now in their sixth year – honor outstanding products and services across 16 categories in the safety sector. More than 12,000 occupational safety professionals were interviewed in-depth to identify the cream of the crop, and the COS research team pored through the results to identify those products and services receiving the best grade, rated as “excellent” in their respective areas.
Blackline’s G7 Lone Worker and Personal Gas Detection Products are robust and intelligent connected wearables that accurately detect gas hazards, instantly notifying both workers and managers in real time, enabling contact tracing as well as corrective action to be taken to mitigate future incidents. Supported by Blackline’s professional 24/7 live monitoring service, they ensure maximum worker protection with automated safety incident and health event monitoring, including features such as no-motion and fall detection, and missed check-ins.
About Blackline Safety
Blackline Safety is a technology leader driving innovation in the industrial workforce through IoT (Internet of Things). With connected safety devices and predictive analytics, Blackline enables companies to drive towards zero safety incidents and improved operational performance. Blackline provides wearable devices, personal and area gas monitoring, cloud-connected software and data analytics to meet demanding safety challenges and enhance overall productivity for organizations with coverage in more than 100 countries. Armed with cellular and satellite connectivity, Blackline provides a lifeline to tens of thousands of people, having reported over 180 billion data-points and initiated over five million emergency responses. For more information, visit BlacklineSafety.com and connect with us on Facebook, Twitter, LinkedIn and Instagram.
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Blackline Safety
Christine Gillies, CMO
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Global consulting firm deepens expertise and broadens Rimkus network of companies in the UK
LONDON--(BUSINESS WIRE)--Capital Consulting International (“CCi”), A Rimkus Company, today announced the acquisition of Manchester-based Hargreaves Jones, a commercial and project management consultancy serving the oil, gas, nuclear, utilities, pharmaceutical, commercial, and fast-moving consumer goods sectors. The acquisition will support the advancement of CCi’s expertise to deliver commercial and project management services to clients engaged in capital construction and engineering activities on both large and small infrastructure projects.
“This acquisition is consistent with Rimkus’ overall strategy to grow our strategic practice areas as well as expand our core service lines. We are very excited about what this partnership means for the employees and clients of both companies. Hargreaves Jones will help us expand our geographic reach and the services we offer in the United Kingdom and on a global basis,” said Curtis Brown, Chairman and Executive Director, Rimkus Consulting Group, Inc.
“We are pleased to join forces with the Hargreaves Jones team and deliver enhanced capabilities to our customers in the United Kingdom and internationally whilst also offering Hargreaves Jones customers access to the wider range of CCi and Rimkus services. Together, we are poised for success – today and well into the future,” said Dave Webster, Group Managing Director, Capital Consulting International, A Rimkus Company.
“At Hargreaves Jones, we pride ourselves on deep industry expertise and top-level approach to client service. Aligning with Rimkus is a natural transformation that will give our team the flexibility, resources, and network to take our business to the next level. We look forward to embarking on this exciting new chapter,” said Peter Hargreaves, Managing Director, Hargreaves Jones.
About Capital Consulting International
CCi is an independent consultancy that has an international reputation for expertise in both the insurance and construction industries. The company’s delay, quantum, and technical experts bring clarity and resolution to some of the world’s largest and most complex insurance claims and construction disputes. With a dedicated team of industry experts operating from 17 offices around the world, CCi is focused on building long-term relationships with stakeholders to provide the relevant support to meet their changing business needs. With more than 25 years’ experience, CCi has an enviable reputation for truly unique and unrivalled service to the global insurance and construction markets. For more information, visit www.cci-int.com.
About Rimkus Consulting Group, Inc.
Rimkus Consulting Group, Inc. is a worldwide provider of engineering and technical consulting services to corporations, insurance companies, law firms, and government agencies. Rimkus experts assist clients with the responsive and timely resolution of claims and disputes across a wide range of industries. Rimkus also provides architecture, engineering, and construction services for the built environment, including restoration design, facilities risk assessments, and due diligence property condition assessments. For almost 40 years, the company’s professional engineers, architects, scientists, and technical specialists have been recognized for their commitment to service excellence by local, national, and international business communities. Rimkus operates more than 110 offices worldwide. For more information, visit www.rimkus.com.
About Hargreaves Jones
Hargreaves Jones is a consultancy providing commercial and project services support through quantity surveyors, project managers, planners, and cost engineers on large and complex projects in the oil, gas, electricity generation and distribution, nuclear, renewable energy generation, industrial, and transportation sectors within the United Kingdom and internationally. For more information, visit https://www.hargreavesjones.com/
Victoria Cook
Pierpont Communications on behalf of Rimkus Consulting Group, Inc.
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HALIFAX, Nova Scotia--(BUSINESS WIRE)--Emera Inc.’s (TSX: EMA) 2021 Sustainability Report was released this morning and is now available on the company's website.
2021 Sustainability Report highlights include:
The report also highlights the complexity of the energy transition underway in North America and provides details on Emera’s climate transition plan and the progress the company is making on its Climate Commitment.
“Emera’s ESG commitments have been core to our strategy, operations and culture for nearly two decades,” says Scott Balfour, President and CEO, Emera inc. “I’m proud of how our team is delivering for customers and the progress we are making in building a cleaner energy future, more diverse and inclusive teams and communities, and a strong safety culture at Emera.”
Informed by the Taskforce on Climate-related Financial Disclosure (TCFD), the report provides context, information and data in the areas of Governance, Strategy, Risk Management as well as Metrics and Targets related to the energy transition. It also outlines progress being made in other key areas of Emera’s operations including safety, system reliability and diversity, equity and inclusion (DEI).
The report also highlights Emera’s Diversity, Equity, and Inclusion Fund. In 2021, Emera and its operating companies committed to investing a minimum of $5 million over five years to support organizations and initiatives advancing inclusion and diversity in our communities. Almost $2 million from the Fund— which was invested in 2021— reflects Emera’s commitment to an inclusive and diverse culture, supported by active inclusion and diversity employee networks across the organization.
View or download the 2021 Sustainability Report here.
About Emera Inc.
Emera Inc. is a geographically diverse energy and services company headquartered in Halifax, Nova Scotia, with approximately $34 billion in assets and 2021 revenues of more than $5.7 billion. The company primarily invests in regulated electricity generation and electricity and gas transmission and distribution with a strategic focus on transformation from high carbon to low carbon energy sources. Emera has investments in Canada, the United States and in three Caribbean countries. Emera’s common and preferred shares are listed on the Toronto Stock Exchange and trade respectively under the symbol EMA, EMA.PR.A, EMA.PR.B, EMA.PR.C, EMA.PR.E, EMA.PR.F, EMA.PR.H, EMA.PR.J and EMA.PR.L. Depositary receipts representing common shares of Emera are listed on the Barbados Stock Exchange under the symbol EMABDR and on The Bahamas International Securities Exchange under the symbol EMAB. Additional information can be accessed at www.emera.com or at www.sedar.com.
Media:
Dina Seely
902-428-6951
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HOUSTON--(BUSINESS WIRE)--SilverBow Resources, Inc. (NYSE: SBOW) (“SilverBow” or “the Company”) today announced it has received bank approval to amend its senior secured revolving credit facility (“Credit Facility”) to extend the maturity of the Credit Facility to October 2026, increase the borrowing base from $525 million to $775 million, and reduce the interest rate margin for amounts outstanding, amongst other things, in connection with SilverBow’s two recent strategic acquisitions including the oil and gas assets of SandPoint Operating, LLC, a subsidiary of SandPoint Resources, LLC in May 2022 (collectively, "SandPoint") and Sundance, as defined below. The amended Credit Facility and borrowing base increase will go into effect with the closing the Company’s previously announced acquisition of substantially all of the oil and gas assets from Sundance Energy, Inc. and certain affiliated entities, (collectively, “Sundance").
MANAGEMENT COMMENTS
Sean Woolverton, SilverBow’s Chief Executive Officer, commented, “Today’s announcement is a testament to the quality and breadth of our asset base. SilverBow’s legacy assets coupled with the acquisitions we have closed over the past year and expect to close soon have transformed the Company into a premier South Texas operator with increasing scale. I would like to thank our bank syndicate for their support. Their confidence in SilverBow is displayed with the step up of approximately 50% in our borrowing base as well as the extension of the tenor of our Credit Facility. With a meaningful free cash flow profile, substantial liquidity, and a deep inventory of drilling locations, SilverBow is well positioned to effectuate our growth strategy through both the drill bit and accretive acquisitions.”
ABOUT SILVERBOW RESOURCES, INC.
SilverBow Resources, Inc. (NYSE: SBOW) is a Houston-based energy company actively engaged in the exploration, development, and production of oil and gas in the Eagle Ford Shale and Austin Chalk in South Texas. With over 30 years of history operating in South Texas, the Company possesses a significant understanding of regional reservoirs which it leverages to assemble high quality drilling inventory while continuously enhancing its operations to maximize returns on capital invested. For more information, please visit www.sbow.com. Information on the Company’s website is not part of this release.
FORWARD-LOOKING STATEMENTS
This 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. These forward-looking statements represent management's expectations or beliefs concerning future events, and it is possible that the results described in this release will not be achieved. These forward-looking statements are based on current expectations and assumptions and are subject to a number of risks and uncertainties, many of which are beyond our control including the closing of the Sundance acquisition. Important factors that could cause actual results to differ materially from our expectations include, but are not limited to, risks and uncertainties discussed in the Company’s reports filed with the Securities and Exchange Commission. All forward-looking statements speak only as of the date of this news release. You should not place undue reliance on these forward-looking statements.
Jeff Magids
Director of Finance & Investor Relation
(281) 874-2700, (888) 991-SBOW
Livestream event to focus on: “Leveraging Blue Economy Solutions for A Sustainable Goods Movement Ecosystem”
LOS ANGELES--(BUSINESS WIRE)--In conjunction with the 2022 United Nations Ocean Conference, AltaSea at the Port of Los Angeles will host an UN Ocean Conference Side Event: “Leveraging Blue Economy Solutions for A Sustainable Goods Movement Ecosystem.” The event will be livestreamed via Zoom Webinar beginning at 10 AM PT on June 30. Register here: https://us02web.zoom.us/webinar/register/WN_qlpdmM4uRw2mr8XAK6ZZHQ
The event will offer an opportunity to hear from some of the region’s key leaders as they explore the “Port of the Future” and how it can help move goods in a reliable and sustainable way. The panel discussion will include Terry Tamminen, CEO of AltaSea at the Port of Los Angeles; Inna Braverman, Co-Founder and CEO of Eco Wave Power; Stephen Cheung, COO of the Los Angeles County Economic Development Corporation; Mike Galvin of the Port of Los Angeles; and Gail Woodward, Principal Investigator at NASA Jet Propulsion Laboratory. The panel will be moderated by Ann Carpenter, CEO of Braid Theory and the Chief Innovation Officer for the City of Los Angeles Council District 15.
The UN Ocean Conference, co-hosted by the Governments of Kenya and Portugal, will take place from June 27 to July 1 in Lisbon, Portugal. This is the first in-person UN Ocean Conference since 2017.
“This is the perfect time to mobilize action and propel much-needed science-based innovative solutions aimed at taking better care of the world’s oceans while, at the same time, making sure we can move goods where they need to go,” said Tamminen, former California CalEPA Secretary. “This event will bring innovative minds together to discuss what is truly possible in finding new solutions to protect our planet and usher in a new era of sustainable energy – focused on our oceans.”
Panelists will include:
The side event will be moderated by Ann Carpenter, the Founder and CEO of Braid Theory, a vertically-integrated venture advisory firm dedicated to blue economy solutions, and the Chief Innovation Officer for the City of Los Angeles Council District 15.
About AltaSea at the Port of Los Angeles
AltaSea at the Port of Los Angeles is dedicated to accelerating scientific collaboration, advancing an emerging blue economy through business innovation and job creation, and inspiring the next generation, all for a more sustainable, just, and equitable world.
For more information on AltaSea, please see our website: https://altasea.org
Jacob Scott
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412-445-7719
KPI Integrated Solutions and Phononic form a strategic partnership to answer the demand for cold chain solutions for North American grocery retail and food industries
BELTON, Mo. and DURHAM, N.C.--(BUSINESS WIRE)--KPI Integrated Solutions (KPI), a leading supply chain consulting, software, systems integration, and automation supplier and Phononic, the global leader in solid state cooling technology, today announced a partnership to provide sustainable cold chain solutions that serve the retail grocery and food industries. Combining KPI’s warehouse operations design expertise with Phononic’s sustainable Actively-Cooled Tote technology, the two companies have partnered to develop and integrate scalable solutions to maintain cold chain integrity and traceability through all phases of the distribution process. KPI’s innovative automation designs will now be able to utilize Phononic’s sustainable Actively-Cooled Totes for cold chain applications, from the warehouse to the curb.
The approach enables grocery retailers and food companies the ability to deploy automated, temperature-controlled solutions in an existing footprint, avoiding large upfront capital costs while drastically lowering operating labor and maintenance costs. It also greatly improves the overall employee experience by addressing one of the largest contributors to labor attrition in grocery retail: the need to work within frozen environments. This solution provides employees a much more comfortable workspace by avoiding the demand for work in such spaces. Additionally, Phononic’s solid state cooling and refrigeration innovation uses a safe and sustainable refrigerant: H2O mixed with naturally available CO2, featuring a Global Warming Potential (GWP) of just 1 or less. This approach produces the safest and lowest GWP rating in the industry compared to other commonly used refrigerants that contribute to climate change.
“This strategic partnership with Phononic will deliver a strong return on investment for our clients who are looking to quickly and flexibly provide cold storage and order fulfillment capability that is unconstrained by cooling and freezer needs,” said Jim Kuecker, Chief Commercial Officer at KPI.
“Joining forces with Phononic allows us to continue designing and providing the most critical end-to-end solutions for grocery retail, now with a sustainable cold chain solution.”
“Phononic is proud to partner with industry leaders such as KPI to bring scalable and sustainable solutions to grocery ecommerce,” said Dana Krug, SVP, Cold Chain Fulfillment at Phononic.
“KPI’s innovative and versatile cold storage designs can scale from larger grocery delivery operations to smaller-scale food storage – without the need for investment in full-size refrigerators or freezers which are much less efficient, costly, and harmful to the environment. As grocery ecommerce continues to explode, KPI and Phononic together deliver an innovative, proven, and sustainable solution for cooling.”
About KPI Integrated Solutions:
KPI partners with our clients to design and implement a full range of customized supply chain solutions that elevate distribution performance, provide competitive advantage, and enable growth. Our data-driven, technology-agnostic approach to automated solutions transforms operations to boost fulfillment speed, reduce reliance on labor, and improve agility. KPI’s services include strategic network analysis and consulting, operations evaluation, simulation and modeling, facility layout and slotting, materials handling system evaluation, design and implementation, Warehouse Execution Software (WES), and system lifetime services. For more information on the company, visit: https://kpisolutions.com/
About Phononic:
As the global leader in solid state cooling technology, Phononic is driving the world to a more sustainable way to cool. Its transformational technology reduces greenhouse gas (GhG) emissions and supports climate goals, while meeting the demanding performance needs of the market. The company’s thermoelectric devices and integrated products are mission critical to how people work and communicate; how automobiles ‘see’; to the protection and effective delivery of life-saving vaccines and drugs; to cooling solutions supporting grocery e-commerce; and to innovative methods that cool living and work spaces. For more information on the company, visit: https://phononic.com/
Media:
KPI Integrated Solutions
Lisa French, KPI Solutions
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Phononic
Kellie Woods, PAN Communications
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MINNEAPOLIS--(BUSINESS WIRE)--Xcel Energy Inc. (NASDAQ: XEL) today announced that Megan Burkhart has been elected to the company’s board of directors effective immediately.
Burkhart is an accomplished executive with decades of experience in human resources (HR), compensation, culture, and diversity, equity and inclusion (DE&I). She currently serves as executive vice president, chief human resources officer at Comerica Incorporated, a major financial services company headquartered in Dallas, Texas. She is responsible for leading the bank’s people strategy and organization for the $94 billion company. Prior to her current role, Burkhart served as senior vice president and director of compensation. She joined Comerica in 1997.
“Megan is an outstanding leader and we’re pleased to have her join our board,” said Bob Frenzel, chairman, president and CEO of Xcel Energy. “Megan’s extensive HR experience in a heavily regulated industry will contribute to our continued Board excellence in oversight around the rapidly evolving world of people, executive compensation, DEI and environmental social governance (ESG).”
At Comerica, Burkhart led the company’s redesign of all executive compensation programs to drive financial performance, align with shareholder interests and ensure market competitive compensation. She also accelerated the company’s DE&I efforts through recruitment, established an executive diversity council as well as a new diversity scorecard to drive leadership accountability. Comerica’s DE&I programs are regularly recognized by external organizations including: 11 years listed on the DiversityInc Top Regional Companies, most recently named a Top Noteworthy Company for Diversity and a perfect score of 100 for the 8th consecutive year on Human Rights Campaign Foundation’s Corporate Equality Index.
Burkhart currently serves on the boards of Genesis Women’s Shelter, the Girl Scouts of North Texas, and Austin Street Center. She earned a bachelor's degree from Miami University in Oxford, Ohio.
About Xcel Energy
Xcel Energy (NASDAQ: XEL) provides the energy that powers millions of homes and businesses across eight Western and Midwestern states. Headquartered in Minneapolis, the company is an industry leader in responsibly reducing carbon emissions and producing and delivering clean energy solutions from a variety of renewable sources at competitive prices. For more information, visit xcelenergy.com or follow us on Twitter and Facebook.
Xcel Energy Media Relations
(612) 215-5300
The Battery Energy Storage Projects Will Add 185.5 Megawatt / 371 Megawatt-hours of Fast Frequency and Capacity Response
LAKE MARY, Fla.--(BUSINESS WIRE)--#BESS--Renewable energy developer Ion Renewables, Ltd. (ION Renewables) has signed an exclusivity agreement with Mitsubishi Power Americas, Inc. (Mitsubishi Power) for four battery energy storage system (BESS) projects using Mitsubishi Power’s Emerald storage solutions totaling 185.5 megawatt (MW) / 371 megawatt-hours (MWh) in Ireland. These projects will provide Secure, Sustainable Electricity System (DS3) energy storage and system services including fast frequency and capacity response to Ireland’s National Grid, enabling the addition of more renewable energy. All four projects will be located at brownfield sites with existing electrical interconnects.
In addition to providing frequency response to the National Grid, the BESS projects will support three major energy initiative programs for Ireland and the European Union:
“We are delighted to be working with the Mitsubishi Power team to deliver these important projects,” said John Ward, Director, ION Renewables. “These installations represent a viable and economical solution to balance the network, strongly aligning with the principles of the REPowerEU draft directive. These projects demonstrate that effective solutions for storing energy can be achieved by utilizing renewable power that would otherwise be curtailed.”
Scheduled to come online in 2024, the four BESS projects will be Mitsubishi Power’s first in Europe, bringing the total global deployment of its Emerald storage solutions to more than 2 gigawatt-hours (GWh).
Mitsubishi Power’s Emerald storage solutions for Ion Renewables include project engineering, equipment supply, and a 10-year long-term service agreement.
According to Tom Cornell, Senior Vice President, Energy Storage Solutions, Mitsubishi Power Americas, these projects emphasize the importance of BESS adoption as a viable solution with more countries striving to meet their climate action goals. “Bringing our Emerald storage solutions to Ireland and working with Ion Renewables is an exciting moment for us. The continued adoption of battery storage technologies outside of the United States and the recognition of the important role they play in enabling renewable energy generation to reach net-zero cannot be overstated. Mitsubishi Power’s Emerald storage solutions will help Ireland reach its goal of 70% generation from renewable sources while ensuring the stability of the grid with a secure power system.”
Read more about some of Mitsubishi Power’s BESS projects:
About Mitsubishi Power Americas, Inc.
Mitsubishi Power Americas, Inc. (Mitsubishi Power) headquartered in Lake Mary, Florida, employs more than 2,300 power generation, energy storage, and digital solutions experts and professionals. Our employees are focused on empowering customers to affordably and reliably combat climate change while also advancing human prosperity throughout North, Central, and South America. Mitsubishi Power’s power generation solutions include gas, steam, and aero-derivative turbines; power trains and power islands; geothermal systems; PV solar project development; environmental controls; and services. Energy storage solutions include green hydrogen, battery energy storage systems, and services. Mitsubishi Power also offers intelligent solutions that use artificial intelligence to enable autonomous operation of power plants. Mitsubishi Power is a power solutions brand of Mitsubishi Heavy Industries, Ltd. (MHI). Headquartered in Tokyo, Japan, MHI is one of the world’s leading heavy machinery manufacturers with engineering and manufacturing businesses spanning energy, infrastructure, transport, aerospace, and defense. For more information, visit the Mitsubishi Power Americas website and follow us on LinkedIn.
About Ion Renewables, Ltd.
Ion Renewables, Ltd. (ION Renewables) was formed by top experts in the energy storage industry with the goal of deploying energy storage to provide grid balancing and renewables integration. We are developing and advising on projects in Ireland and worldwide through our network. In this current batch of projects in Ireland, ION Renewables is developing ESS facilities at large industrial load centres, providing rapid deployment and low environmental footprint on existing brownfield sites. These projects will assist in balancing the network by providing additional functionality to the grid to enable the further deployment of renewables and ultimately reduce Ireland's dependency on imported fossil fuels. For more information, visit the ION Renewables website.
Christa Reichhardt
+1 407-484-5599
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Investment Accelerates Deployment of e-Mission Control’s Global Clean Fuels Technology Platform
SACRAMENTO, Calif.--(BUSINESS WIRE)--#cleanfuelprograms--e-Mission Control (eMC) is excited to announce that it has closed its Series A round of funding from Nashville-based venture capital firm Skyview Ventures, one of the most experienced early-stage cleantech venture firms in the United States. Skyview Ventures is responsible for billions of dollars of electric vehicle charging deployment and structured environmental attribute financing.
Founded in 2019 as a vibrant subsidiary of parent company Momentum, e-Mission Control designs, manages, and executes electricity consumption data platforms and services for forward-thinking on- and off-road vehicle fleet operators. e-Mission Control’s technology platforms have allowed the company to emerge as one of the largest and fastest-growing clean fuel program service providers in North America. A combination of robust data collection and tracking, operational efficiency, unparalleled transparency, and quality customer support distinguish e-Mission Control as a leader in the transportation SaaS space.
“We are excited to partner with e-Mission Control and its CEO, Todd Trauman,” said Skyview Capital President, Andrew Karetsky. “Todd and his team have done a remarkable job of creating a SaaS solution that is manageable and profitable for companies with electric fleets along the West Coast. As clean fuel programs roll out in other states and around the world, e-Mission Control will have the opportunity to greatly expand its services to become a leading global solutions and technology provider in the transportation arena.”
e-Mission Control’s clean fuel technology platform currently facilitates access and participation for hundreds of fleets and tens of thousands of pieces of equipment in both California and Oregon.
“As more and more states adopt clean fuel regulations, e-Mission Control’s technologies will be a great asset to companies of all sizes that want to access new revenue streams to buy down the total cost of ownership of electrification and advance their sustainability goals,” stated Todd Trauman.
Aligning with its core mission to focus on early-stage startup companies in the electric vehicle infrastructure space, Skyview Ventures President, Andrew Karetsky, and Structured Funding Director, Nick Stoker, led the round of funding.
About e-Mission Control
e-Mission Control designs, manages, and executes electricity consumption data platforms and services for forward-thinking on- and off-road vehicle fleet operators. With a specific focus on clean fuel programs in California, Oregon, Washington, and British Columbia, e-Mission Control partners with owners and operators of zero-emission vehicles and equipment at airports, seaports, retailers, grocers, manufacturers, campuses, distribution facilities, municipalities and many others along the West Coast and beyond. For more information, please visit www.e-missioncontrol.com
About Skyview Ventures
Skyview Ventures transacts, advises, and invests in renewable energy and carbon reduction markets and companies across North America and operates businesses in environment commodities, solar and battery storage development, and electric vehicle infrastructure. Founded in 2008, Skyview has successfully completed over $2 billion in structured environmental attribute financing, 100 MW of solar development and 400+ EV charging ports. Skyview’s operating businesses provide insights and access to innovative companies. Skyview is uniquely positioned to identify, invest in, and grow the companies that will lead the energy decarbonization transformation. Currently, Skyview has 21 active investments and has realized two exits, including most recently SRECTrade: https://skyviewventures.com/portfolio/.
About Momentum
Momentum designs and develops innovation campaigns for forward-thinking organizations working to deploy transformative energy, transportation and manufacturing technologies. Founded in 2005, the company has grown to be among the most sought-after technology and commercialization partners in North America. The company’s “Innovation Campaign” approach generates results: together with more than 1,000 clients and partners, Momentum has developed more than $6 billion in technology deployments—globally significant innovations in partnership with dozens of Fortune 1000 companies like Berkshire Hathaway Energy, Sempra Energy, SoCalGas, Sacramento Municipal Utility District (SMUD), Amazon, Volvo, General Motors, Schneider Electric, and Waste Management, as well as demonstration partners at hundreds of campuses, air- and sea-ports, public- and investor-owned utilities, and manufacturing and distribution facilities. Along the way, Momentum has assisted hundreds of early-stage and pre-commercial cleantech startups in plotting a course to successful funding and commercialization and assisted in the development and management of nine clean technology-focused incubators and accelerators that have invested $300M+ in 400 early stage companies, leveraging an additional $1 billion in private investment.
Colleen Harrison
Telephone: (916) 261-6483
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SAN FRANCISCO & ASHEVILLE, N.C.--(BUSINESS WIRE)--Generate Capital, a leading sustainable infrastructure investment and operating platform, today announced it has made a strategic growth investment in Pine Gate Renewables, a leading renewable energy developer for utility-scale solar and storage.
The investment includes a $200 million equity investment and an additional $300 million commitment to a long-term asset partnership for solar project financing. The investment will provide Pine Gate with additional capital to fund construction and development of renewable energy projects and meet other general working capital purposes. Generate will also join Pine Gate’s Board of Directors.
One of the leading solar and energy storage developers in the United States, Pine Gate owns and operates over 1 gigawatt of renewable energy projects. The company has more than 20 gigawatts in active development projects throughout the United States and has raised over $1 billion in corporate and project capital financing in the past six months.
“Pine Gate is thrilled to be partnering with Generate to accelerate the growth of our business,” said Ben Catt, chief executive of Pine Gate. “Generate is a collaborative, experienced partner and shares Pine Gates’ long-term vision of driving the energy transition and improving energy security by providing solar energy and battery storage to local communities across the country. Pine Gate is well-positioned as we continue to expand our national presence.”
“Solar is the world’s most affordable source of energy today and is a significant opportunity for Generate as utilities adapt to the strong demand from customers for more renewable resources,” said Scott Jacobs, chief executive and co-founder of Generate. “The Pine Gate team has a strong track record of execution and growth and an innovative operating model that enables them to move fast to build projects across important solar and storage markets. We are excited to partner with this best-in-class team and support Pine Gate’s continued expansion and market leadership.”
The transaction was facilitated by Foley & Lardner LLP as legal adviser for Generate, and DNV GL as technical adviser. For Pine Gate, Lazard Ltd. served as financial adviser and Gibson, Dunn & Crutcher LLP as legal adviser.
About Pine Gate Renewables
Pine Gate Renewables is a leading renewable energy company focused on project development and strategic financing of solar and storage projects throughout the United States. From coast to coast, Pine Gate Renewables owns and operates renewable energy-generating projects that create positive impact on local communities and the nations’ environmental footprint. Headquartered in Asheville, NC, Pine Gate Renewables debuted at #37 on the Inc. 5000 list in 2021 and was named to Fast Company’s Most Innovative Companies list the same year. For more information, visit https://pinegaterenewables.com/.
About Generate
Generate Capital, PBC is a leading sustainable infrastructure company driving the infrastructure revolution. Generate builds, owns, operates and finances solutions for clean energy, transportation, water, waste and digital infrastructure. Founded in 2014, Generate partners with over 50 technology and project developers and owns and operates more than 2,000 assets globally. Generate is the one-stop shop offering pioneers of the infrastructure revolution the money and help they need to get projects built. Our Infrastructure-as-a-Service model delivers affordable, reliable and sustainable resources to thousands of customers, companies, communities, school districts and universities. Together, we are rebuilding the world. For more information, please visit http://www.generatecapital.com
For Generate
Emily Chasan
(415) 480-2914
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For Pine Gate Renewables
Kim Wilson
(828) 222-0237
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Acquisition will enable greater manufacturing capacity, supply chain control and flexibility in support of scaling Crusoe’s Digital Flare Mitigation®, Crusoe Cloud™ and other data center operations
DENVER--(BUSINESS WIRE)--Crusoe Energy Systems LLC (Crusoe) today announces that it has acquired Denver-based Easter-Owens Electric Co. (Easter-Owens), the manufacturer of modular data centers and specialized electrical systems. The acquisition follows several years of close cooperation between the companies as Crusoe has optimized and scaled its fleet of modular data centers that eliminate natural gas flaring and related emissions. The acquisition of Easter-Owens represents an extension of Crusoe’s existing strategy to vertically integrate key operational capabilities across climate-aligned power sourcing, modular infrastructure systems and digital technologies.
Crusoe looks forward to investing in and expanding Easter-Owens’ existing employee base, technologies and facilities to accelerate the expansion of Crusoe’s Digital Flare Mitigation®, Crusoe Cloud™ and other data center operations. Crusoe was recently ranked as the No. 1 best small company to work for in Colorado by The Denver Post.
Highlights:
Crusoe’s integration strategy began with a unique approach to power generation by installing, owning and operating large-scale power generation systems fueled by otherwise wasted and flared natural gas. Today Crusoe’s integrated business operations extend across power generation, networking systems, data center automation, software, trading, risk management, logistics, specialized maintenance capabilities, electrical systems, data center design and fabrication, among other areas.
“Crusoe and Easter-Owens have worked together closely for several years, and we see many strategic opportunities through the integration of Easter-Owens’ design and manufacturing capabilities into Crusoe’s business,” said Crusoe’s Co-Founder, President and Chief Operating Officer, Cully Cavness. “I have a great deal of respect for the Easter family and know that the decision to sell their business was made with much care and attention to the culture and mission of the acquiring company. On behalf of the Crusoe team, we are honored to have been selected. To the Easter-Owens employees joining Crusoe, I want to communicate our commitment to help you integrate successfully into our team and to make your future here safe, rewarding and fulfilling.”
Crusoe currently operates approximately 100 modular data centers that consume otherwise flared natural gas across Montana, North Dakota and Colorado and has planned expansions to additional domestic and international areas of operation, as well as new carbon-reducing power sources. Since launching in 2018, Crusoe has become a leading American Bitcoin validator and in 2022 launched Crusoe Cloud®, a cloud computing platform optimized for energy-intensive High-Performance Computing (“HPC”) workloads. Crusoe’s combined growth plans will require a significant ramping in data center fabrication, which will be supported by the facilities acquired through Easter-Owens.
Easter-Owens is a third-generation family business with a storied history in the Denver community and the electrical design and fabrication industry and has been a major supplier to Crusoe since 2020. Easter-Owens has provided high quality fabrication services for businesses and governments since its founding in 1955. Crusoe, founded by two Denver natives, aims to expand upon the strong foundation laid by the Easter family. The Easter family will assist and consult with Crusoe’s management team throughout the integration process.
“Cully, Chase and the Crusoe team are building an innovative and important business in our hometown of Denver that aligns with the values and culture of Easter-Owens and the Easter family,” said Easter-Owens’ CEO, Dave Easter. “I am very happy that Easter-Owens’ team will be part of this fabulous company and couldn’t be more excited for their future with the Crusoe family. I look forward to helping ensure a smooth and successful transition for all involved.”
About Crusoe Energy Systems Inc.
Crusoe is on a mission to align the future of computing with the future of the climate. We are the pioneers of clean computing infrastructure that reduces both the costs and the environmental impact of the world’s expanding digital economy. By unlocking stranded sources of energy to power crypto, cloud and data centers, we are creating the future of compute-intensive innovation that reduces emissions rather than adds to them. The world’s appetite for computation, energy, and progress will never stop growing. Crusoe is here to bring energy to ideas in ways that are aligned with the needs of our climate.
More Information:
Please reach out to Holly Gordon: This email address is being protected from spambots. You need JavaScript enabled to view it. or visit www.crusoeenergy.com to learn more, and follow Crusoe on Linkedin and Twitter.
Holly Gordon
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LOWELL, Ark.--(BUSINESS WIRE)--J.B. Hunt Transport Services Inc., one of the largest supply chain solutions providers in North America, announced today it will host the Freedom Drivers Project, a national mobile exhibit on the realities of human trafficking and the measures to combat it, along with the Arkansas Trucking Association.
The exhibit, presented by Truckers Against Trafficking, will be available:
“We believe that bringing this initiative to Northwest Arkansas will be beneficial in raising awareness around human trafficking and creating more advocates within our community,” said Greer Woodruff, senior vice president of corporate safety, security and driver personnel at J.B. Hunt. “As an industry leader, we support the mission of Truckers Against Trafficking and their efforts to combat this critical issue.”
Since its inception, the Freedom Drivers Project has traveled more than 15,000 miles to educate and empower the public to recognize and report human trafficking. The exhibit depicts the nature of human trafficking and provides steps anyone can take to help victims. It will be at the Arkansas Truck Driving Championship June 25 at the Rogers Convention Center, where the safest drivers in Arkansas will compete in both written and hands-on competitions that demonstrate their professional knowledge and skill.
More information about the Freedom Drivers Project is available on the Truckers Against Trafficking website. J.B. Hunt is a platinum sponsor of the organization.
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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- Partnership further cements Xebec’s hydrogen leadership in providing technology for industrial and fuel cell applications -
MONTREAL--(BUSINESS WIRE)--Xebec Adsorption Inc. (TSX: XBC) (“Xebec”), a global provider of sustainable gas technologies, is pleased to announce today that it has signed an agreement to supply its proprietary Pressure Swing Adsorption (“PSA”) technology to support the deployment of Haffner Energy’s (PA: ALHAF) HYNOCA® solution. HYNOCA® is a unique and cost-effective technology for decarbonizing and producing green carbon negative hydrogen and renewable gases by thermolysis of biomass. Pursuant to this agreement, an initial multi-million Euro purchase order for 8 standardized PSA units was signed for delivery in 2023. This contract showcases Xebec’s continued global hydrogen leadership and represents one of the largest contracts in absolute dollar value Xebec has received to date for hydrogen PSAs.
This agreement establishes a mutually beneficial partnership between Haffner Energy and Xebec which is aimed at accelerating the efficient production of green hydrogen while creating local economic benefits and contributing to the circular economy.
“We are delighted with this new collaboration with Xebec, as PSA is the most important technology to guarantee the purity of hydrogen. The quality of its technology combined with its references led us to choose Xebec. This is a decisive step for HYNOCA®. It affirms its position as an immediate and competitive solution to produce super green hydrogen,” said Philippe Haffner, CEO and Chairman of Haffner Energy.
“We are excited to be working with a leader like Haffner Energy as we collectively progress towards a lower carbon future utilizing cleaner hydrogen,” stated Mike Munro, Chief Operating Officer of Xebec Adsorption Inc. “Haffner has developed a unique process that is enhanced by our PSA technology to produce green hydrogen at a lower cost and emission profile than other methods. We need a variety of solutions as we tackle the broader energy transition and it’s great to see Xebec’s products utilized in these emerging applications.”
Related links:
https://www.xebecinc.com
https://www.haffner-energy.com/?lang=en
About Haffner Energy
A family-owned company co-founded and co-led by Marc and Philippe Haffner, player in the energy transition for 28 years, Haffner Energy designs and provides technologies and services that enable its customers to produce green hydrogen and renewable gas replacing natural gas, combined with carbon capture through the co‑production of biochar via its Hynoca® process based on thermolysis of biomass. This process allows the production of hydrogen or renewable gas at highly competitive costs, with negative carbon balance of 12 kg (net) of CO2 per kg of hydrogen, while depending very little on the electricity grid and the cost of electricity. This allows Haffner Energy to make a very rapid and agile contribution to the strategic challenges of Europe's energy independence combined with the acceleration of its decarbonization.
About Xebec Adsorption Inc.
Xebec is a global provider of clean energy solutions for renewable and low carbon gases used in energy, mobility and industrial applications. The company specializes in deploying a portfolio of proprietary technologies for the distributed production of hydrogen, renewable natural gas, carbon capture, oxygen and nitrogen which is supported by a service network under the brand “XBC Flow Services”. By focusing on environmentally responsible gas generation, Xebec has helped thousands of customers around the world reduce their carbon footprints and operating costs. Headquartered in Québec, Canada, Xebec has a worldwide presence with nine manufacturing facilities, seventeen Cleantech Service Centers and four sales offices spanning over four continents. Xebec trades on the Toronto Stock Exchange under the symbol (TSX: XBC). For more information, xebecinc.com.
Cautionary Statement
This press release contains forward-looking statements within the meaning of applicable Canadian securities law. These statements relate to future events or future performance and reflect the expectation of Management regarding the growth, results of operations, performance and business prospects and opportunities of the Corporation or its industry. Forward-looking statements typically contain words such as “believes”, “expects”, “anticipates”, “continues”, “could”, “indicates”, “plans”, “will”, “intends”, “may”, “projects”, “schedules”, “would” or similar expressions suggesting future outcomes or events, although not all forward-looking statements contain these identifying words. Examples of such statements include, but are not limited to, statements concerning: (i) targeted cost and emission reductions of green hydrogen as noted in this press release.
These statements are neither promises nor guarantees but involve known and unknown risks and uncertainties that may cause the Company’s actual results, level of activity or performance to be materially different from any future results, levels of activity or performance expressed in or implied by these forward-looking statements. These risks include, generally, risks related to the ability of the Corporation to execute its strategy, operating results, purchasing third party supplies for key materials and components in a timely and cost effective basis, industry and products, technology, competition, ability to attract and retain qualified personnel, ability to manage successfully the anticipated expansion of our operations, the economy, the sufficiency of insurance and other factors which are discussed in greater details in the most recent quarterly management discussion and analysis (“MD&A”) and in the Annual Information Form of the Corporation filed on SEDAR at www.sedar.com.
Forward-looking statements contained herein are based on a number of assumptions believed by the Corporation to be reasonable as at the date of this press release, including, without limitations, assumptions about trends in certain market segments, the economic climate generally, the pace and outcome of technological development, the identity and expected actions of competitors and customers, the value of the Canadian dollar and of foreign currency fluctuations, interest rates, the anticipated margins under new contracts awards, the state of the Corporation’s current backlog, the regulatory environment, and the procurement of key material and components of products. If these assumptions prove to be inaccurate, the Corporation’s actual results may differ materially from those expressed or implied in the forward-looking statements. The forward-looking statements contained herein are made as of the date of this press release and are expressly qualified in their entirety by this cautionary statement. Except to the extent required by law, the Company undertakes no obligation to publicly update or revise any forward-looking statements contained herein. Readers should not place undue reliance on forward looking statements.
Investor Relations:
Haffner Energy
Adeline Mickeler, CFO
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Xebec Adsorption Inc.
Brandon Chow, Director, Investor Relations
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+1 450.979.8700 ext 5762
Report chronicles the company’s efforts to deliver on its commitment to be one of best operators and advance a lower-carbon future
HOUSTON--(BUSINESS WIRE)--Phillips 66 (NYSE: PSX) released its 2022 Sustainability Report on Thursday, giving a comprehensive account of its efforts to be one of the safest and most reliable operators in the energy industry and deliver on its commitment to advance a lower-carbon future.
“We are experts in making and moving the energy of today, and we are motivated by the opportunities we see all around us to optimize our businesses to thrive as energy systems evolve,” wrote Phillips 66 Chairman and CEO Greg Garland and President and COO Mark Lashier in a joint letter introducing the report. “That’s why we are strengthening our core businesses, expanding our digital capabilities, using technology to improve operating efficiencies and transforming our organization to increase productivity.
“We have ambitious goals, and we’re taking deliberate steps to achieve them.”
The company assessed its operations against numerous criteria for its 2022 report, including, for the first time, those set forth by the Global Reporting Initiative, an independent organization that provides the world’s most widely used standards for sustainability reporting. The results offer a transparent look at the company today — with refineries in the U.S. and Europe, 22,000 miles of pipeline systems under its management, a petrochemical joint venture and a global network of fueling outlets that distribute its energy products — and how it plans to thrive tomorrow and beyond.
Some of the tangible steps taken by the company toward its 2030 and 2050 greenhouse gas emissions reduction targets, which both were announced within the last 12 months, include:
The report, published on Phillips66.com, includes the company’s position on climate change and an updated analysis, as well as disclosures based on the Task Force on Climate-related Financial Disclosures (TCFD) framework.
To view Phillips 66’s 2022 Sustainability Report, go to phillips66.com/sustainability.
About Phillips 66
Phillips 66 (NYSE: PSX) manufactures, transports and markets products that drive the global economy. The diversified energy company’s portfolio includes Midstream, Chemicals, Refining, and Marketing and Specialties businesses. Headquartered in Houston, Phillips 66 has employees around the globe who are committed to safely and reliably providing energy and improving lives while pursuing a lower-carbon future. For more information, visit phillips66.com or follow @Phillips66Co on LinkedIn or Twitter.
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LONDON--(BUSINESS WIRE)--nVent Electric plc (NYSE:NVT) (“nVent”), a global leader in electrical connection and protection solutions, today announced that former nVent Director Ronald Merriman has been named to the 2022 National Association of Corporate Directors (NACD) Directorship 100. The Directorship 100 list recognizes directors who “serve as role models in promoting exemplary board leadership, oversight and courage in the boardroom.”
“Ron served as a director of nVent’s board since the spin in May of 2018. He joined Pentair’s Board of Directors in 2004 and has had a long history with the business. Ron was a key contributor to help nVent spin as an independent company, navigate through the challenges of the pandemic and provide valuable mentorship to the nVent management team. Ron – thank you for being a valued leader, partner and director. Congratulations on this prestigious recognition,” said nVent’s Chief Executive Officer Beth Wozniak.
Ronald L. Merriman
Ronald L. Merriman served on nVent’s Board of Directors from the company’s launch until May 2022 and is the former Chair of nVent’s Audit and Finance Committee. Mr. Merriman is a retired Vice Chairman and partner of KPMG LLP, a global accounting and consulting firm, where he held various leadership roles from 1967 to 1997. At KPMG LLP, Mr. Merriman served as a Vice Chairman of the Executive Management Committee. He also led KPMG’s Global Transportation and Logistics Practice and its Global Healthcare Practice and served as its U.S. Liaison Partner for Asia. More recently, Mr. Merriman founded Merriman Partners, a management advisory firm, in 2003 and served as its managing partner from 2004 to 2011. Prior to that, he served as managing director of O’Melveny and Meyers LLP, a global law firm, as Executive Vice President of Carlson Wagonlit Travel, and as President of Ambassador Performance Group, Inc. Mr. Merriman has served as a director of Realty Income Corporation since 2005.
NACD
NACD is a nonprofit membership organization for corporate directors that work together to serve as trusted catalysts of economic opportunity and positive change.
About nVent
nVent is a leading global provider of electrical connection and protection solutions. We believe our inventive electrical solutions enable safer systems and ensure a more secure world. We design, manufacture, market, install and service high performance products and solutions that connect and protect some of the world's most sensitive equipment, buildings and critical processes. We offer a comprehensive range of enclosures, electrical connections and fastening and thermal management solutions across industry-leading brands that are recognized globally for quality, reliability and innovation. Our principal office is in London and our management office in the United States is in Minneapolis. Our robust portfolio of leading electrical product brands dates back more than 100 years and includes nVent CADDY, ERICO, HOFFMAN, RAYCHEM, SCHROFF and TRACER. Learn more at www.nvent.com.
nVent, CADDY, ERICO, HOFFMAN, RAYCHEM, SCHROFF and TRACER are trademarks owned or licensed by nVent Services GmbH or its affiliates.
Stacey Wempen
Director, External Communications
nVent
763.204.7857
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