BOSTON--(BUSINESS WIRE)--SES AI Corporation (NYSE: SES), a global leader in the development and manufacturing of high-performance lithium-metal (Li-Metal) rechargeable batteries for electric vehicles (EVs) and other applications, headquartered in Boston, announced today that the company will participate in the Water Tower Research Fireside Chat Series on Thursday, June 23, 2022, at 2:00 pm EDT.
Qichao Hu, CEO of SES, will provide an overview of SES and opportunities in Battery-as-a-Service. If you are an institutional or retail investor, and would like to listen to the Company’s fireside chat, please click here to register for the event.
Event: WTR Fireside Chat Series: Qichao Hu, CEO of SES AI Corp.
Date: June 23, 2022
Time: 2:00 P.M. (Eastern Time)
Location: Virtual Conference
Company Webcasting Link: Fireside Chat: SES AI Corp. (SES) CEO Qichao Hu Will Provide an Overview of SES’s technology and opportunities in Battery-as-a-Service.
About SES
SES is a global leader in development and production of high-performance Li-Metal rechargeable batteries for electric vehicles (EVs) and other applications. Founded in 2012, SES is an integrated Li-Metal battery manufacturer with strong capabilities in material, cell, module, AI-powered safety algorithms and recycling. Formerly known as SolidEnergy Systems, SES is headquartered in Boston and has operations in Singapore, Shanghai, and Seoul. To learn more about SES, please visit: ses.ai/investors/
SES may use its website as a distribution channel of material company information. Financial and other important information regarding SES is routinely posted on and accessible through the Company’s website at www.ses.ai. Accordingly, investors should monitor this channel, in addition to following SES’s press releases, Securities and Exchange Commission filings and public conference calls and webcasts.
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PARIS & NAIROBI, Kenya--(BUSINESS WIRE)--Financing the environmental and energy transition is a key objective for Mirova, an affiliate of Natixis Investment Managers dedicated to impact investing. With the acquisition of SunFunder, a private debt management company that finances renewable energy projects in Africa and Asia, Mirova is expanding its investment platform in emerging markets. This is a major step in Mirova's development strategy in real assets.
Founded 10 years ago as a crowdfunding platform, SunFunder's main objective was to offer financing solutions for the decentralised solar energy sector in Africa, in order to achieve direct impact at the intersection of climate change and inequality. Since then, the company has launched a series of innovative blended finance investment vehicles and closed over $165m in investments across 58 companies deploying clean energy mainly in Africa and Asia, such as off-grid solar home systems in Malawi, village mini-grid projects in Kenya, and commercial and industrial rooftop installations in Nigeria and Thailand. SunFunder has helped improve access to solar energy for more than ten million people, predominantly in East and West Africa, before extending its expertise to other emerging markets, including Southeast Asia.
The entire SunFunder team will be retained in order to keep expanding their high impact energy transition work and, together with Mirova, build a broader emerging markets platform dedicated to clean energy and climate investments. SunFunder has an experienced and diverse team of 38 people of 16 different nationalities, 55% of whom are women and 45% of whom are African, mainly based in Nairobi, Paris and London.
SunFunder’s business objectives align perfectly with Mirova's aim to become a global leader in energy transition financing and complements its impact investment solutions offering by enhancing its debt financing expertise and in-depth knowledge of emerging markets. Mirova - a pioneer in impact investing in Europe through its investment strategies in energy transition infrastructure, private equity, social impact investing and listed equities - is thus accelerating its commitments in emerging countries, where it is already present in natural capital.
"In order to thoroughly address the challenges that come with the fight against global warming and social inequalities, having a local presence in emerging countries is critical. We are delighted that SunFunder's teams, with their proven experience and expertise, are joining us," said Philippe Zaouati, CEO of Mirova. "Together, we will pursue our efforts to meet the needs of the real economy and increase the impact of our investments.”
Audrey Desiderato and Ryan Levinson, Co-founders of SunFunder, added: "We couldn’t imagine a better partner to join forces with than Mirova, a company with a mission and strong culture of impact that we share. We’ve heard a lot of talk about ESG1 investment, but there are very few companies like Mirova and SunFunder leading the pack with 100% truly sustainable investments. Together we will become the leading clean energy and climate investor in emerging markets, through bold new investments with real impact.”
Tim Ryan, CEO of Natixis Investment Managers, said: "This acquisition is an important step for our affiliate Mirova, which falls within our 2024 strategic plan, and contributes to strengthening Natixis Investment Managers' private and alternative asset offering. Our clients around the world looking for diversification and sustainable sources of return will now have easier access to impact investments in emerging markets.”
Mirova acquired 100% of the equity of SunFunder on June 3, 2022. SunFunder’s teams and expertise will strengthen its local investment and execution capabilities for its private assets strategies. Mirova is thus developing an emerging markets investment platform, in which the Singapore office created in 2021 will be integrated.
Mirova and SunFunder’s first objective is to launch a solar energy debt financing fund, with an investment capacity of $500m through about 70 projects spread over Africa, Asia and Latin America. The first closing could take place by the end of the year2.
Mirova and its subsidiaries manage €27bn of assets as of March 31, 2022, including €2.2bn in energy transition infrastructure and €500m in natural capital.
1 ESG: Environmental, Social and Governance factors
2 The mentioned perspectives reflect the opinion of Mirova at the date of this document and are likely to change without notice.
About Mirova
Mirova is a management company dedicated to sustainable investment and an affiliate of Natixis Investment Managers. Through conviction management, Mirova's goal is to combine long-term value creation and sustainable development. Pioneers in many areas of sustainable finance, Mirova's talents aim to continue innovating in order to offer their clients solutions with high environmental and social impact. Mirova and its affiliates manage €27.2 billion as of March 31, 2022. Mirova is a mission-driven company, labeled B Corp1.
1 The reference to a ranking or a label does not prejudge the future performance of the funds or its managers
Portfolio Management Company - Anonymous Company
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Mirova is an affiliate of Natixis Investment Managers.
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About SunFunder
SunFunder is a pioneering company that finances clean energy and climate projects in emerging markets.
Its teams, based in Nairobi, London and Paris, has closed over $165 million for 58 solar companies since 2012. As a result, SunFunder has impacted more than 10 million people with access to clean energy and reduces CO2 emissions by over 1 million tonnes per year. Investments to date have been in the off-grid solar, mini-grid, productive use, C&I and telco ESCO sectors, in Africa, the Asia-Pacific, Middle East and Latin America.
SunFunder won a UN Global Climate Action Award at COP26 in Glasgow in 2021. Its teams are working on a new fund, the Gigaton Empowerment Fund, which aims to raise $500 million, driven by the demand for large-scale financing to scale up climate action and energy access.
About Natixis Investment Managers
Natixis Investment Managers’ multi-affiliate approach connects clients to the independent thinking and focused expertise of more than 20 active managers. Ranked among the world’s largest asset managers1 with more than $1.3 trillion assets under management2 (€1.187 trillion), Natixis Investment Managers delivers a diverse range of solutions across asset classes, styles, and vehicles, including innovative environmental, social, and governance (ESG) strategies and products dedicated to advancing sustainable finance. The firm partners with clients in order to understand their unique needs and provide insights and investment solutions tailored to their long-term goals.
Headquartered in Paris and Boston, Natixis Investment Managers is part of the Global Financial Services division of Groupe BPCE, the second-largest banking group in France through the Banque Populaire and Caisse d’Epargne retail networks. Natixis Investment Managers’ affiliated investment management firms include AEW; AlphaSimplex Group; DNCA Investments;3 Dorval Asset Management; Flexstone Partners; Gateway Investment Advisers; Harris Associates; Investors Mutual Limited; Loomis, Sayles & Company; Mirova; MV Credit; Naxicap Partners; Ossiam; Ostrum Asset Management; Seeyond; Seventure Partners; Thematics Asset Management; Vauban Infrastructure Partners; Vaughan Nelson Investment Management; and WCM Investment Management. Additionally, investment solutions are offered through Natixis Investment Managers Solutions and Natixis Advisors, LLC. Not all offerings are available in all jurisdictions. For additional information, please visit Natixis Investment Managers’ website at im.natixis.com | LinkedIn: linkedin.com/company/natixis-investment-managers.
Natixis Investment Managers’ distribution and service groups include Natixis Distribution, LLC, a limited purpose broker-dealer and the distributor of various U.S. registered investment companies for which advisory services are provided by affiliated firms of Natixis Investment Managers, Natixis Investment Managers S.A. (Luxembourg), Natixis Investment Managers International (France), and their affiliated distribution and service entities in Europe and Asia.
1 Cerulli Quantitative Update: Global Markets 2021 ranked Natixis Investment Managers as the 15th largest asset manager in the world based on assets under management as of December 31, 2020.
2 Assets under management (“AUM”) of current affiliated entities measured as of March 31, 2022 are $1,320 billion (€1,187 billion). AUM, as reported, may include notional assets, assets serviced, gross assets, assets of minority-owned affiliated entities and other types of non-regulatory AUM managed or serviced by firms affiliated with Natixis Investment Managers.
3 A brand of DNCA Finance.
4794906.1.1
Press
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SAN DIEGO--(BUSINESS WIRE)--$DFCO #BrianBonar--An innovator in clean energy, healthcare, and technology, Dalrada Financial Corporation (OTCQB: DFCO, “Dalrada Financial Corporation,” “Dalrada”) announced the expansion of its executive leadership team naming Brian McGoff as President and Chief Operating Officer. Mr. McGoff’s achievements include implementing cost-effective strategies for executing domestic and international growth, building strong teams, and delivering enhanced business outcomes in evolving business climates.
“As Dalrada meets the fast-paced requirements of supplying immediate solutions for health and clean energy with disruptive technologies, products, and services, we welcome Brian McGoff as President and COO,” said Chairman and Chief Executive Officer Brian Bonar.
The newly-appointed McGoff states, "I am honored to join the Dalrada management team that oversees a fantastic portfolio of innovative companies and people. I have a clear vision and much excitement for driving growth, new revenue streams, and further aligning the products and services across all of Dalrada’s pillars."
A seasoned leader with more than 25 years of experience at companies including IBM, HSP Advisors, and Health Start Partners, Mr. McGoff guides operations, complex sales, M&A, tech transfer, early-stage software commercialization, business strategy, and executive communications.
His previous experience includes Business Transformation, Marketing, Strategy, Partner Alliances, M&A Transition, Venture Financing, Channel Strategies, Enterprise Sales, Complex Deal Making, Advanced Analytics, Applied Bioinformatics, Population Health, Patient Experience Management, Patient Engagement Strategy, and applying advanced technology for Non-Communicable Disease Groups (NCDs).
"Dalrada's focus is leading and playing a significant role in Green Energy, Health Care, Technology, and Manufacturing. Brian Bonar and his team have laid a strong foundation to scale and sustain consistent growth in these areas. With solid demand for Dalrada's products and services, I have the utmost confidence in our ability to impact those markets," said McGoff.
Positively impacting industries including health care, banking, emerging technology, and government, Mr. McGoff's business network spans the U.S., China, Japan, Korea, South Africa, Eastern/Western Europe, Australia, New Zealand, the Middle East, and Canada. Mr. McGoff serves on several business and advisory boards for national and local public sector and health care organizations.
In addition to overseeing Dalrada’s subsidiaries, Mr. McGoff reports directly to Dalrada’s Chairman and CEO; he has also been invited to join the Company’s Board of Directors.
Dalrada continuously creates innovative, impactful solutions to address the complex challenges of today and the future. To learn more about Dalrada Financial Corporation, please visit www.Dalrada.com.
About Dalrada (DFCO)
Dalrada Financial Corporation drives innovation that positively impacts people, businesses, and the planet. With subsidiaries that are firmly positioned in the world's top three-growing industries of healthcare, clean energy, and technology, Dalrada creates solutions that are sustainable, affordable, and accessible.
The company works continually to produce disruptive products and services that accelerate positive change for current and future generations. Dalrada's global solutions directly address climate change, post-pandemic gaps in the healthcare industry, and technology solutions for a new era of human behavior and interaction, ensuring a bright future for the world around us.
Established in 1982, Dalrada has since grown its footprint to include the unique business divisions: Dalrada Health, Dalrada Precision, and Dalrada Technologies. Please visit www.dalrada.com and follow us on Twitter, Facebook, and LinkedIn for more information.
Disclaimer
Statements in this press release that are not historical facts, the statements are forward-looking, including statements regarding future revenues and sales projections, plans for future financing, the ability to meet operational milestones, marketing arrangements and plans, and shipments to and regulatory approvals in international markets. Such statements reflect management's current views, are based on certain assumptions, and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward-looking statements due to a number of important factors and will be dependent upon a variety of factors including, but not limited to, our ability to obtain additional financing that will allow us to continue our current and future operations and whether demand for our products and services in domestic and international markets will continue to expand. The Company undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in the Company's expectations regarding these forward-looking statements or the occurrence of unanticipated events. Factors that may impact the Company's success are more fully disclosed in the Company's most recent public filings with the US Securities and Exchange Commission ("SEC"), including its annual report on Form 10-K.
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858.283.1253
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—Report shows a 64% revenue carbon intensity decrease since 2019—
HOUSTON--(BUSINESS WIRE)--NRG Energy Inc. (NYSE: NRG), a leading energy and consumer services company, released today its 12th annual Sustainability Report, documenting the company’s progress in advancing its sustainability ambitions while serving its nearly 6 million customers with power, gas, and energy-related services.
Among a multitude of accolades in 2021, NRG was declared the first and only North American power company whose climate goals are 1.5 degrees Celsius-aligned by the Science Based Targets initiative (SBTi). NRG also landed the #14 spot on the inaugural Forbes Green Growth 50 list, recognizing our success in reducing greenhouse gas (GHG) emissions while increasing profits. Both distinctions demonstrate that profitability and sustainability are not mutually exclusive.
“I’m incredibly proud of our progress over the last year,” said Jeanne-Mey Sun, Vice President of Sustainability. “While there’s still a lot left to accomplish, with our talented team, unwavering leadership support, and aligned visions I believe we have a great platform for success.”
The full report can be found at https://www.nrg.com/sustainabilityreport. Key highlights and takeaways include:
Environmental
Social
Governance
The report follows the most widely accepted standards and frameworks, including those of the Sustainability Accounting Standards Board (SASB) and the Task Force on Climate-related Financial Disclosures (TCFD), continuing NRG’s commitment to transparent reporting practices.
About NRG
At NRG, we’re bringing the power of energy to people and organizations by putting customers at the center of everything we do. We generate electricity and provide energy solutions and natural gas to millions of customers through our diverse portfolio of retail brands. A Fortune 500 company, operating in the United States and Canada, NRG delivers innovative solutions while advocating for competitive energy markets and customer choice, working towards a sustainable energy future. More information is available at www.nrg.com. Connect with NRG on Facebook, LinkedIn and follow us on Twitter @nrgenergy.
1 U.S. Environmental Protection Agency Greenhouse Gas Equivalencies Calculator
2 As of 12/31/2021
3 Total Case Incident Rate
Media:
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713.537.5437
Investors:
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609.524.4526
IRVING, Texas--(BUSINESS WIRE)--ExxonMobil and QatarEnergy today announced they have signed an agreement to further develop Qatar’s North Field East project, which will expand Qatar’s annual LNG capacity from 77 million tons to 110 million tons by 2026. The deal was announced at QatarEnergy’s headquarters in Doha.
“We are collaborating with QatarEnergy on North Field East to accelerate the production of secure, affordable and cleaner energy our world needs,” said Darren Woods, chairman and chief executive officer for ExxonMobil. “ExxonMobil has a long history of working in Qatar, responsibly producing energy, and we look forward to continuing our relationship for the benefit of all of our stakeholders.”
“Today, we are signing a partnership agreement with ExxonMobil, our strategic and long-term partner, with whom we have enjoyed successful and fruitful relations in Qatar and across the globe. This is primarily due to the mutual trust and confidence between both parties, and to the State of Qatar’s safe and stable investment climate,” said His Excellency Mr. Saad Sherida Al-Kaabi, president and chief executive officer of QatarEnergy. “We look forward to working closely with ExxonMobil to implement this world-scale project, and to live up to our commitment to power lives with cleaner energy in every corner of the world for a better tomorrow for all.”
With North Field East, ExxonMobil’s participation in Qatar LNG volumes is expected to increase total capacity from 52 to 60 million tons per year. Under the terms of the agreement, QatarEnergy and ExxonMobil will become partners in a new joint venture company (JV), in which QatarEnergy will hold a 75% interest with ExxonMobil holding the remaining 25% interest. The JV will own 25% of the entire North Field East project, including four LNG trains with a combined nameplate capacity of 32 million tons per year.
The expansion of North Field East and increased LNG export capacity is one of Qatar’s key energy objectives. QatarEnergy is the operator and commenced the North Field East project in 2019. First LNG from North Field East is expected in 2026.
ExxonMobil has had a presence in Qatar since 1955 and long supported the development of the country’s LNG industry and energy sector.
Terms of the agreement are confidential.
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.
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Cautionary Statement
Statements of future events or conditions in this release are forward-looking statements. Actual future results, including project plans, schedules, capacities, production rates, and resource recoveries could differ materially due to: changes in market conditions affecting the oil and gas industry or long-term oil and gas price levels; political or regulatory developments including obtaining necessary regulatory permits; reservoir performance; the outcome of future exploration efforts; timely completion of development and construction projects; technical or operating factors; the outcome of commercial negotiations; unexpected technological breakthroughs or challenges; and other factors cited under the caption “Factors Affecting Future Results” on the Investors page of our website at exxonmobil.com and under Item 1A. Risk Factors in our annual report on Form 10-K. The term “project” can refer to a variety of different activities and does not necessarily have the same meaning as in any government payment transparency reports.
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SAN FRANCISCO--(BUSINESS WIRE)--Volta Inc. (NYSE: VLTA), an industry-leading electric vehicle (“EV”) charging network powering vehicles and commerce, today announced it has collaborated with The Kroger Co., America’s largest grocery retailer, to bring a mix of DC Fast and Level 2 Volta charging stations to Kroger customers nationwide. Volta has launched at 16 Kroger locations in the Atlanta and Indianapolis areas and plans to expand to Columbus, Cincinnati, Louisville, Nashville, Michigan, and Southern California throughout the year.
Volta provides seamless and reliable public charging that complements consumers’ daily lives and routines — meeting people where they shop, work and play. With eye-catching, large-format digital screens strategically located steps away from the entrances of premier commercial locations, Volta stations double as an innovative media network, allowing brands to intercept consumers’ shopping lists shortly before they enter a store to make a purchase. Volta’s third-party measurement solutions enable the company to determine incremental sales lift and incremental return on ad spend (ROAS) at the store level for retailers and brands that run campaigns on the Volta network.
The collaboration enables Kroger to tap into Volta high-impact media inventory for its own advertising clients, expanding the power of the grocer’s retail media network and simultaneously driving measurable business results and environmental impact.
“Volta continues to accelerate the switch to electric transportation by making charging as convenient, accessible, and affordable as possible. At the same time, we are unlocking new economic opportunities for brands and retailers — proving businesses can thrive while building a sustainable future that benefits us all," said Brandt Hastings, Chief Commercial Officer at Volta. “We look forward to working with Kroger to create new customer experiences and bring critical EV infrastructure to communities nationwide.”
Enhancing customers access to electric vehicle charging is another milestone in the grocer’s ongoing mission around sustainable retailing, underscoring their commitment to reducing their climate impact.
About Volta
Volta Inc. (NYSE: VLTA) is an industry-leading electric vehicle (“EV”) charging network powering vehicles and commerce. Volta’s vision is to build EV charging networks that capitalize on and catalyze the shift from combustion-powered miles to electric miles by placing stations where consumers live, work, shop, and play. By leveraging a data-driven understanding of driver behavior to deliver EV charging solutions that fit seamlessly into people’s daily routines, Volta’s goal is to benefit consumers, brands, and real-estate locations while helping to build the infrastructure of the future. As part of Volta’s unique EV charging offering, its stations allow it to enhance its site hosts’ and strategic partners’ core commercial interests, creating a new means for them to benefit from the transformative shift to electric mobility. To learn more, visit www.voltacharging.com.
Forward-Looking Statements
This press release includes forward-looking statements, which are subject to the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements may be identified by words such as "feel,” “believes,” expects,” “estimates,” “projects,” “intends,” “should,” “is to be,” or the negative of such terms, or other comparable terminology and include, among other things, statements regarding Volta’s strategy and other future events that involve risks and uncertainties. Such forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties, which could cause actual results to differ materially from the forward-looking statements contained herein due to many factors, including, but not limited to: intense competition faced by Volta in the EV charging market and in its content activities; the possibility that Volta is not able to build on and develop strong relationships with real estate and retail partners to build out its charging network and content partners to expand its content sales activities; market conditions, including seasonality, that may impact the demand for EVs and EV charging stations or content on Volta’s digital displays; risks, cost overruns and delays associated with construction and installation of Volta’s charging stations; risks associated with any future expansion by Volta into additional international markets; cost increases, delays or new or increased taxation or other restrictions on the availability or cost of electricity; rapid technological change in the EV industry may require Volta to continue to develop new products and product innovations, which it may not be able to do successfully or without significant cost; the risk that Volta’s shift to including a pay-for-use charging business model and the requirement of mobile check-ins adversely impacts Volta’s ability to retain driver interest, content partners and site hosts; the ability of Volta's new management team to successfully integrate into Volta and execute on Volta's business strategy; the EV market may not continue to grow as expected; and the ability to protect its intellectual property rights; and those risk factors discussed in Volta’s Annual Report on Form 10-K for the year ended December 31, 2021, Volta's Form 10-Q for the quarter ended March 31, 2022, filed with the Securities and Exchange Commission (the “SEC”) on May 13, 2022, and other Quarterly Reports on Form 10-Q, and other reports and documents Volta files from time to time with the SEC. Any forward-looking statements speak only as of the date on which they are made, and Volta undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this press release.
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DALLAS--(BUSINESS WIRE)--Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client, A Cooper Logistics, Inc. to EPES Logistics Services, Inc. The acquisition closed April 29, 2022.
Located in Oakwood, Georgia, A Cooper Logistics, Inc. (CLI) provides transportation and freight brokerage services. Specifically, the Company offers truckload (TL), over-dimensional, refrigerated, flatbed, partial truckload, and other freight delivery solutions. CLI is well known in the regional markets and has an excellent reputation for customer service and on-time completion of shipments. Due to its broad in-house capabilities and logistics expertise, the professional personnel at CLI are committed to providing the best and most cost-effective solutions to its clients.
EPES Logistics Services (EPES), located in Greensboro, North Carolina, has been delivering all types of cargo, safely and on-time for over 30 years. Over the years EPES has won numerous awards by local and industry leading publications, a testament to the quality of their services and personnel. The company provides truckload, LTL, and flatbed trucking services. EPES also provides cross border freight services to Mexico and freight management.
Generational Equity Executive Managing Director, M&A-Technology Practice Leader, David Fergusson, and his team led by Managing Director, M&A, Alex Mironov, with the support of Vice President of M&A, Emil Nirkis successfully closed the deal. Senior Managing Director, Rick Buchoz established the initial relationship with CLI.
“Nothing was more important to my client than finding a group that would continue to treat their employees like family. EPES Logistics is a high integrity organization, and I am happy to say that we found our perfect match,” said Mironov.
About Generational Equity
Generational Equity, Generational Capital Markets (member FINRA/SIPC), Generational Wealth Advisors, Generational Consulting Group, and DealForce are part of the Generational Group, which is headquartered in Dallas and is one of the leading M&A advisory firms in North America.
With more than 300 professionals located throughout 16 offices in North America, the companies help business owners release the wealth of their business by providing growth consulting, merger, acquisition, and wealth management services. Their six-step approach features strategic and tactical growth consulting, exit planning education, business valuation, value enhancement strategies, M&A transactional services, and wealth management.
The M&A Advisor named the company Investment Banking Firm of the Year three years in a row and Valuation Firm of the Year in 2020. For more information, visit https://www.genequityco.com/ or the Generational Equity press room.
Carl Doerksen
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GREENFIELD, Ind.--(BUSINESS WIRE)--Yamaha’s U.S. Marine Business Unit announced today a new manufacturing and limited supply agreement between Yamaha Marine Precision Propellers (YPPI) and Sharrow Marine. The terms of the agreement allow YPPI to cast Sharrow Marine’s award-winning propellers in YPPI’s state-of-the-art facility and foundry in Greenfield, Ind. Yamaha will also offer Sharrow Propellers through its boat builder and dealer distribution channels.
“Sharrow Marine’s choice of YPPI as a manufacturing and distribution partner underscores Yamaha’s leadership position in the casting industry,” said Jonathon Burns, General Manager, Yamaha US Marine Planning and Development. “Through YPPI and our new relationship with Sharrow Marine, Yamaha can offer boat builders, dealers and customers an even greater number of options when it comes to maximizing boat performance through propeller selection.”
Yamaha will offer the Sharrow Propeller™ as a new option to more than 100 of the world’s leading boat builders and its network of more than 2,000 dealers. The Sharrow propellers will have unique SKU numbers for Yamaha dealers to easily order for their customers.
Sharrow Marine won an NMMA® Innovation Award during the 2020 Miami International Boat® Show for the Sharrow Propeller™. Recognized for its original design, the Sharrow Propeller offers improvements in fuel efficiency and boat performance.
“Yamaha has world-wide respect for the quality and dependability of its products. We’re proud to have the opportunity to have YPPI cast our high-tech propellers in YPPI’s new, state-of-the-art casting facility in Indiana,” said Greg Sharrow, CEO of Sharrow Marine. “We’re also excited to have access to the Yamaha distribution network, which will dramatically accelerate our efforts to deliver the Sharrow Propeller™ to boat motors across the world.”
YPPI, a division of the Yamaha U.S. Marine Business Unit, designs and builds stainless steel propellers for distribution around the globe for Yamaha Outboards. YPPI and Yamaha work together to design propellers to fit the thousands of different boat applications in the market. In total, YPPI manufactures over 300 different propellers.
Sharrow Engineering, LLC is a nautical and aeronautical engineering company dedicated to the research and development of revolutionary high-performance propulsion technologies for the maritime and aeronautical industries. Sharrow Engineering is the parent company for Sharrow Marine, LLC, and Sharrow Commercial Marine, LLC. Company offices are headquartered in Detroit, Mich. Sharrow Engineering, LLC, has assembled a team of the world’s top aeronautical, nautical, aerospace, and mechanical engineers to assist with the company’s core mission to reinvent the methodologies and technologies used for propulsion in the 21st century.
Yamaha’s U.S. Marine Business Unit, based in Kennesaw, Ga., is responsible for the sales, marketing, and distribution of Yamaha Marine products in the U.S. including Yamaha Outboards, Yamaha WaveRunners®, Yamaha Boats, G3 Boats and Skeeter Boats. Supporting 2,400 dealers and boat builders nationwide, Yamaha is the industry leader in reliability, performance, technology and customer service.
REMEMBER to always observe all applicable boating laws. Never drink and drive. Dress properly with a USCG-approved personal floatation device and protective gear.
© 2022 Yamaha Motor Corporation, U.S.A. All rights reserved.
This document contains many of Yamaha's valuable trademarks. It may also contain trademarks belonging to other companies. Any references to other companies or their products are for identification purposes only and are not intended to be an endorsement.
Nicholas Genesi
Public Relations Manager
Yamaha U.S. Marine Business Unit
Mobile: (470) 898-7278
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DENVER--(BUSINESS WIRE)--Raisa Energy LLC (“Raisa”) has closed the industry’s first Oil and Gas Master Trust Securitization Program and has achieved the industry’s first “A” investment grade rating from Fitch Ratings, Inc. This groundbreaking transaction securitized a large, diversified portfolio of non-operated working interests and royalty interests consisting of more than 3,000 wellbores, under more than 50 operators, located in more than 20 counties across six world-class oil and gas basins in the United States.
“This transaction represents two important milestones in the evolution of the oil and gas securitization market,” said Raisa Energy Executive Vice President of Finance Hendrik Schroeder. “We are proud to be part of an industry-leading team that continues to innovate and match highly diversified and predictable assets with compelling financing structures.”
Guggenheim Securities, LLC ("Guggenheim") served as sole structuring advisor and sole placement agent in connection with the offering.
About Raisa Energy
Founded in 2014 and based in Denver, Raisa is an independent exploration and production company that creates value by owning and leasing mineral and non-operated working interests in major oil and gas basins across North America. Raisa uses advanced, proprietary technology and data analytics to make better investment decisions and achieve superior risk-adjusted returns. For more information, please visit www.raisaenergy.com.
Bevo Beaven
Redbird Communications
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Automation software and advanced digital technologies to maximize performance at world’s third-largest crude tall oil biorefinery, accelerating transition to cleaner fuels
PIRKKALA, Finland--(BUSINESS WIRE)--Fintoil, together with Neste Engineering Solutions, has selected Emerson’s (NYSE: EMR) automation software and technologies to maximize the operational performance of its biorefinery being constructed in the port of Hamina-Kotka, Finland. The plant will be the third-largest crude tall oil (CTO) biorefinery in the world and produce advanced biofuel and biochemical feedstocks that help lower emissions and reduce reliance on fossil-based fuels.
The plant will refine CTO, a by-product of the wood pulping process, to produce a sustainable feedstock for renewable second-generation diesel, as well as rosin, sterol pitch and turpentine used in the chemicals, foodstuffs and pharmaceuticals industries. These CTO derivatives have a carbon footprint up to 90% smaller than their fossil-based equivalents.
“This state-of-the-art facility, which utilizes Neste Engineering Solutions’ NEXPINUS™ technology, uses 40% less energy than a conventional tall oil refinery, and is the perfect example of efficient and sustainable production that supports the circular economy,” explained Fintoil CEO Jukka Ravaska. “Working with Neste Engineering Solutions and Emerson to implement the latest digital automation technologies will enable us to operate the plant safely and efficiently, minimize operating costs and deliver large-scale production of biofuel and biochemicals as a viable alternative to fossil-based products.”
To reduce project risk and ensure schedule and budget are maintained, Emerson will apply its Project Certainty methodology, which digitalizes project execution and uses practices such as remote testing of equipment. And to enhance plant security performance, Emerson consultancy services will advise on the implementation of cybersecurity best practices.
“Emerson expertise and technologies are playing a significant role in helping companies achieve their ambitious decarbonization and environmental sustainability goals, including the accelerated transition to cleaner fuels,” said Mark Bulanda, executive president of Emerson’s Automation Solutions business. “Our project expertise and latest advanced digital solutions are not only helping Fintoil develop the production capacity of a sustainable fuel, but also optimizing plant efficiency to lower its overall environmental impact. We are very pleased to have Neste Engineering Solutions as a partner in this project because of its extensive experience in the CTO business.”
In addition to providing NEXPINUS, and engineering, procurement and construction management for the project, Neste Engineering Solutions will also be responsible for delivering the entire application software for the new CTO biorefinery.
Fintoil, together with Neste Engineering Solutions, will implement Emerson’s DeltaV™ distributed control system, DeltaV safety instrumented system and DeltaV Live operator interface software to enable efficient production, greater visibility of operational performance and process, and emergency shutdown for improved plant and worker safety. Advanced measurement technologies that have minimal maintenance requirements and diagnostics made available through Emerson’s asset management software will enhance equipment reliability and performance, contributing to greater plant availability and throughput, and lower cost of ownership.
Construction of the facility is expected to be completed in 2022. The expected annual capacity of 200,000 tons will create a 400,000-ton reduction in CO2 emissions, which is roughly 1% of Finland’s total emissions.
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About Emerson
Emerson (NYSE: EMR), headquartered in St. Louis, Missouri (USA), is a global technology and engineering company providing innovative solutions for customers in industrial, commercial and residential markets. Our Automation Solutions business helps process, hybrid and discrete manufacturers maximize production, protect personnel and the environment while optimizing their energy and operating costs. Our Commercial and Residential Solutions business helps ensure human comfort and health, protect food quality and safety, advance energy efficiency and create sustainable infrastructure. For more information visit Emerson.com.
About Fintoil
Fintoil is a Finnish bioneering company established in 2017. Fintoil will refine crude tall oil for the production of advanced biofuels. Other derivatives will be sold for further refinement to clients in the chemicals, foodstuffs and pharmaceuticals industries. The company’s crude tall oil biorefinery will start its operations in the summer of 2022 in the port of Hamina-Kotka, a chemicals port in Hamina, Finland. The technologically advanced and energy-friendly production utilizes NEXPINUS™ technology and once operational it will be the world’s third-largest CTO biorefinery. In the future, the feed capacity can be increased. Fintoil’s key personnel and founders have decades of experience in the tall oil business and related investment projects. For more information visit Fintoil.com.
About Neste Engineering Solutions
Neste Engineering Solutions offers high quality technology development and licensing, engineering, procurement, construction and project management services for the oil & gas, petrochemicals and bio-industries. Our NAPCON products enhance process industry production optimization, quality and logistics, as well as operator training with simulators and games. We work in close cooperation with our strategic customers and have world-class know-how in technology development and industrial investment projects. Many companies base their success on highly competitive novel process technologies developed by Neste Engineering Solutions. NEXPINUS™ is a feedstock flexible intelligent tall oil fractionation technology for superior quality products. Read more: neste.com/engineeringsolutions.
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Denise Clarke
512.587.5879
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HOUSTON--(BUSINESS WIRE)--Cheniere Energy, Inc. (“Cheniere” or the “Company”) (NYSE American: LNG) today published its 2021 Corporate Responsibility (CR) report, entitled Acting Today, Securing Tomorrow. The report details Cheniere’s approach and progress on environmental, social and governance (ESG) matters as the company continues to support the global need for secure, diverse energy supplies and the transition to a lower-carbon future. The report also highlights Cheniere’s contributions to energy security during a critical time in history, with approximately 75% of liquefied natural gas (LNG) volumes produced by Cheniere since the start of this year delivered to Europe.
“The Cheniere team achieved significant milestones across our ESG initiatives last year, further demonstrating our leadership and focus on being actionable, not aspirational,” said Jack Fusco, Cheniere’s President and CEO. “In fact, the progress we have made on climate and sustainability has enabled us to begin providing Cargo Emissions tags to our long-term customers this year. Our conviction in our LNG platform has never been stronger, and we look forward to continuing to lead the LNG industry on environmental transparency, providing the world with a cleaner, more secure, and reliable energy solution.”
Acting Today, Securing Tomorrow is available here.
Cheniere’s report aligns with recommendations of the Task Force on Climate-related Financial Disclosures (TCFD), the Sustainable Accounting Standards Board (SASB) and other leading reporting standards. It focuses on six key areas – Climate, Environment, Health and Safety, Team, Communities and Governance.
Highlights from Cheniere’s 2021 CR report include:
To read the full CR report, past reports and accompanying materials, visit the ESG reporting suite.
About Cheniere
Cheniere Energy, Inc. is the leading producer and exporter of liquefied natural gas (LNG) in the United States, reliably providing a clean, secure, and affordable solution to the growing global need for natural gas. Cheniere is a full-service LNG provider, with capabilities that include gas procurement and transportation, liquefaction, vessel chartering, and LNG delivery. Cheniere has one of the largest liquefaction platforms in the world, consisting of the Sabine Pass and Corpus Christi liquefaction facilities on the U.S. Gulf Coast, with total production capacity of approximately 45 mtpa of LNG in operation. Cheniere is also pursuing liquefaction expansion opportunities and other projects along the LNG value chain. Cheniere is headquartered in Houston, Texas, and has additional offices in London, Singapore, Beijing, Tokyo, and Washington, D.C.
For additional information, please refer to the Cheniere website at www.cheniere.com and Quarterly Report on Form 10-Q for the quarter ended March 31, 2022, filed with the Securities and Exchange Commission.
Forward-Looking Statements
This press release contains certain statements that may include “forward-looking statements” within the meanings of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical or present facts or conditions, included herein are “forward-looking statements.” Included among “forward-looking statements” are, among other things, (i) statements regarding Cheniere’s financial and operational guidance, business strategy, plans and objectives, including the development, construction and operation of liquefaction facilities, (ii) statements regarding regulatory authorization and approval expectations, (iii) statements expressing beliefs and expectations regarding the development of Cheniere’s LNG terminal and pipeline businesses, including liquefaction facilities, (iv) statements regarding the business operations and prospects of third-parties, (v) statements regarding potential financing arrangements, (vi) statements regarding future discussions and entry into contracts, (vii) statements relating to Cheniere’s capital deployment, including intent, ability, extent, and timing of capital expenditures, debt repayment, dividends, and share repurchases, and (viii) statements regarding the COVID-19 pandemic and its impact on our business and operating results. Although Cheniere believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Cheniere’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in Cheniere’s periodic reports that are filed with and available from the Securities and Exchange Commission. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Other than as required under the securities laws, Cheniere does not assume a duty to update these forward-looking statements.
Cheniere Energy, Inc.
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LEED Silver certification is Seven Tower Bridge's fifth best-in-class sustainability and wellness certification, demonstrating the office tower’s leadership in promoting tenant health and wellness
CONSHOHOCKEN, Pa.--(BUSINESS WIRE)--Today, leading global private markets firm, Partners Group, acting on behalf of its clients, and co-developers American Real Estate Partners (AREP) and Oliver Tyrone Pulver Corporation (OTP) announced that their Philadelphia-area Seven Tower Bridge property has earned LEED® Silver certification for sustainability, the property’s fifth sustainability and wellness certification to date. The project is also WiredScore Gold, and Fitwel 2-star certified, WELL Health & Safety rated, UL Healthy Building verified, and houses leading companies such as Hamilton Lane (NASDAQ: HLNE) and Lutron Electronics.
The one-of-a-kind suburban office building is the first Philadelphia-area property to earn these certifications. Designed by Skidmore Owings & Merrill (SOM), Seven Tower Bridge includes pandemic-response design features such as abundant indoor/outdoor workspaces and first-class amenities to transform the way people experience the office environment. The 260,000 square foot property, located in an extraordinary Schuylkill riverfront location, provides everything employees need to work comfortably and perform at their best.
"As a responsible investor committed to achieving positive stakeholder impact, ESG is firmly embedded within our value creation plans. The fact that Seven Tower Bridge has now earned five sustainability and wellness certifications is a testament to our approach," said Jessica Wichser, Co-Head Real Estate Asset Management at Partners Group. "With sustainability at its core, as well as state-of-the-art building systems and extensive amenities, Seven Tower Bridge is a benchmark for the modern workplace."
“Our latest certification reinforces what we already know: that Seven Tower Bridge’s unique design and focus on sustainability will not only help protect the health of our environment but also the well-being of everyone who steps foot in the door,” said Doug Fleit, CEO of AREP. “We know that healthy buildings boost employee productivity. From the very beginning, the design, development, and execution of Seven Tower Bridge have had one core focus: providing a value-rich workplace where people feel their best.”
Seven Tower Bridge achieved LEED Silver certification for implementing practical and measurable strategies and solutions in areas including sustainable site development, water savings, energy efficiency, materials selection, and indoor environmental quality.
“We are proud of the tremendous amount of work that the Seven Tower Bridge team has done to earn certifications that confirm our commitment to sustainability and wellness,” said Donald Pulver, President of OTP. “Best practices in design, systems, operation, and management deliver a workplace that meets or exceeds leading companies' ESG and employee health priorities. It's an environment where people are healthy, productive, and proud to come to work.”
Seven Tower Bridge is the first Philadelphia-area property to earn the following five best-in-class certifications, reinforcing its commitment to ensuring people can return to an office where their overall well-being and connectivity are a top priority:
● LEED Silver: LEED (Leadership in Energy and Environmental Design) is the most widely used green building rating system globally, providing a framework for healthy, highly efficient, and cost-saving green buildings. Developed by the U.S. Green Building Council (USGBC), LEED certification is a globally recognized symbol of sustainability achievement and leadership.
● Fitwel 2-star Rating: the world’s leading certification system committed to building health for all. Supported by 5,600+ academic research studies, Fitwel provides a rigorous certification program for workplaces that strengthen the health and well-being of occupants.
● WELL Health-Safety Rating: best practices for workplace safety. The WELL Health-Safety seal communicates to everyone entering a space that evidence-based measures and best practices for safety have been adopted and third-party verified.
● UL Verified Healthy Building Mark: This certification requires best practices to maximize indoor air quality (IAQ) through ventilation, filtration and hygiene and delivers clean, healthy water for consumption.
● Wiredscore Gold: confirms that Seven Tower Bridge provides tenants seamless access to fiber connectivity and the choice of internet service providers to support diverse connections.
ABOUT PARTNERS GROUP
Partners Group is a leading global private markets firm. Since 1996, the firm has invested over USD 170 billion in private equity, private real estate, private debt, and private infrastructure on behalf of its clients globally. Partners Group seeks to generate strong returns through capitalizing on thematic growth trends and transforming attractive businesses and assets into market leaders. The firm is a committed, responsible investor and aims to create sustainable returns with a lasting, positive impact on all its stakeholders. With USD 127 billion in assets under management as of 31 December 2021, Partners Group provides an innovative range of bespoke client solutions to institutional investors, sovereign wealth funds, family offices, and private individuals globally. The firm employs more than 1,500 diverse professionals across 20 offices worldwide and has regional headquarters in Baar-Zug, Switzerland; Denver, USA; and Singapore. It has been listed on the SIX Swiss Exchange since 2006 (symbol: PGHN). For more information, please visit www.partnersgroup.com or follow us on LinkedIn or Twitter.
ABOUT AMERICAN REAL ESTATE PARTNERS
Headquartered in the Greater Washington metropolitan area, AREP is an institutional fund manager and operating partner focused on office, data center, and mixed-use residential development and repositioning throughout the East Coast.
Since the company’s founding in 2003, AREP has deployed over $5.1B across targeted geographies, acquired more than 20M SQFT of class-A real estate, and currently oversees over 10M SQFT of assets. AREP's vertically integrated real estate platform provides best-in-class expertise in all ownership disciplines, from property management and building operations to investment strategy, market research, and acquisitions. By leveraging this expertise, AREP remains at the leading edge of real estate innovation, maximizing investment and building performance to provide real value. For more, please visit AREP's Newsroom or follow us on LinkedIn.
ABOUT OLIVER TYRONE PULVER CORPORATION
Oliver Tyrone Pulver Corporation (OTP), headquartered in Conshohocken, Pennsylvania, is a privately held commercial real estate development firm with a 50-year history of developing over 15 million square feet of premier office space in the cities and suburbs of Philadelphia, Pittsburgh, Cleveland, and Chicago. By selecting only the most desirable locations and developing the highest quality buildings, it has established a strong track record of successful projects providing highly desirable office space for tenants and high returns for partners. For more information, visit otpcorp.com.
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REQ for AREP
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Oliver Tyrone Pulver Corp.
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With over two years of exceptional performance at Daqing Oilfield, the Allison 9832 Oil Field Series™ transmission has proven to be an ideal solution for the demanding energy sector.
INDIANAPOLIS--(BUSINESS WIRE)--Allison Transmission, a leading designer and manufacturer of conventional and electrified vehicle propulsion solutions and the largest global manufacturer of medium- and heavy-duty fully automatic transmissions for commercial and defense vehicles, is pleased to announce that the Allison 9832 Oil Field Series™ (OFS) transmission has earned recognition from the largest oil field in China due to its proven reliability, durability and high efficiency.
Daqing Oilfield, one of the world’s rare sandstone oil fields, produces more than 40 million tons of crude oil per year. Its rough terrains and harsh winters pose immense challenges for oil extraction. Yantai Jereh Petroleum Equipment & Technologies Co., Ltd, a leading manufacturer of high-end petroleum equipment, designed and built the Jereh 2500 fracturing truck equipped with the Allison 9832 OFS.
“Since 52 Allison-equipped fracturing trucks were added to our Downhole Operation fleet two years ago, they have been primarily used in large-scale shale oil fracturing projects, which require consistent high pressure and long daily operating hours,” said Li Na, Project Manager of Downhole Operation Company, a partner of Daqing Oilfield Company Ltd. “We are very impressed by the power and input torque of the Allison 9832 OFS along with its reliability and high productivity. The vehicles have delivered unparalleled performance in the harshest of operating environments.”
The 9832 OFS is specifically designed for fracturing applications in oil fields, with an input power of up to 3,200hp (2386 kW). Allison’s Continuous Power Technology™ will continuously transmit power from the engine to the output without any power interruption. The compact size of the 9832 OFS provides a best-in-class power-to-weight being up to 44% lighter than the competition.
“After two years in operation, the Allison 9832 OFS transmissions have provided differentiated value and proved reliable and durable. Additionally, Allison’s Authorized Service Network has made it seamless to access service by trained and certified technicians. This has drastically reduced downtime and increased our fleet’s profit,” said Na. “We’ve also been impressed by how responsive the Allison team is. We look forward to purchasing Allison-equipped trucks again in the future.”
Allison propulsion solutions have been tested and proven in oil fields across the globe for decades. The energy industry can count on Allison for dependable performance, extended periods between maintenance, smaller speed ratio differentials, smoother gear shifts, less impact on engines and pumps, and low total cost of ownership.
About Allison Transmission
Allison Transmission (NYSE: ALSN) is a leading designer and manufacturer of propulsion solutions for commercial and defense vehicles and the largest global manufacturer of medium- and heavy-duty fully automatic transmissions that Improve the Way the World Works. Allison products are used in a wide variety of applications, including on-highway trucks (distribution, refuse, construction, fire and emergency), buses (school, transit and coach), motorhomes, off-highway vehicles and equipment (energy, mining and construction applications) and defense vehicles (tactical wheeled and tracked). Founded in 1915, the company is headquartered in Indianapolis, Indiana, USA. With a presence in more than 150 countries, Allison has regional headquarters in the Netherlands, China and Brazil, manufacturing facilities in the USA, Hungary and India, as well as global engineering resources, including electrification engineering centers in Indianapolis, Indiana, Auburn Hills, Michigan and London in the United Kingdom. Allison also has more than 1,400 independent distributor and dealer locations worldwide. For more information, visit allisontransmission.com.
Claire Gregory
Director, Global External Communications
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(317) 694-2065
GREENVILLE, S.C.--(BUSINESS WIRE)--Current™ (formerly GE Current, a Daintree company) will unveil several new products along with new branding at the 2022 LightFair International Trade Show June 19-23. Attendees are invited to see the latest intelligent solutions for indoor, outdoor and commercial lighting control needs in booth 2543 in the Las Vegas Convention Center’s West hall.
“Our new enterprise brand represents the most expansive, versatile portfolio of lighting and controls products available,” says Manish Bhandari, president and CEO, Current. “We are proud to announce our latest technical innovations at LightFair that deliver even more benefits to accelerate the adoption of commercial and architectural LED lighting and building connectivity solutions.”
Current’s LightFair 2022 experience is set to include:
With over 35 tried and trusted product brands under its stewardship, Current is a house of brands for lighting professionals who want to accomplish more.
Also visit lightfair.com to learn about the latest lighting trends and innovations.
About Current
At Current, we are Always On and working to improve lives with the industry’s most expansive portfolio of sustainable advanced lighting and intelligent controls that reliably meet our customers’ needs. Learn more at CurrentLighting.com
Jim Benson, Vice President Enterprise Marketing & Communications
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(216) 534-4155
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Manufacturing Automation and Excellence Drive Delivery of 50 Different Power Inverters and Optimizers Each Quarter while Reducing Production Time and Costs
ST. PETERSBURG, Fla.--(BUSINESS WIRE)--Jabil (NYSE: JBL) today announced that it is teaming up with SolarEdge, a global leader in smart energy technology, to help change how power is harvested and managed in photovoltaic (PV) systems. A shared focus on manufacturing excellence and automation has led to the installation of more than 2.5 million intelligent power inverters and more than 60 million power optimizers in over 130 countries across five continents.
“We produce tens of millions of products every year, so high-volume, high-quality manufacturing is our lifeline to meeting aggressive growth demands and unrelenting product quality expectations,” said Zvi Lando, CEO of SolarEdge Technologies. “That is not an easy challenge for any manufacturer, but Jabil has delivered on our expectations during the ups and downs, and most challenging times. Because we are similar in attitude and company culture, we focus on execution and accomplish what we set out to do.”
SolarEdge’s unwavering customer commitment has propelled the company to market leadership across its primary markets, comprising residential, commercial, industrial and utility sectors. The result is a steady stream of different products for residential and commercial customers, as well as continuous product modifications to meet emerging regulations around the world. Overall, SolarEdge’s products are quite complex to build, especially in such large volumes, some of which are made in quantities more commonly associated with consumer electronics and cellphone production.
Rigorous quality requirements demand fastidious tracking of every production step to identify any potential reliability issues or possible product defects, which are critical factors when building products with extended warranties. “We’ve done tremendous things together to create an optimum manufacturing environment,” said Scott Gebicke, Senior Vice President, Industrial Division, Jabil. “We deployed an automated solution that enables Jabil to operate in the leanest and most efficient way possible while decreasing manufacturing time by almost 50%. This makes a big difference when you’re making tens of thousands of products each week, if not millions in a month.”
Creating an Optimal Manufacturing Environment
Jabil and SolarEdge collaborate on all aspects of production, encompassing design for manufacturing, supply chain management, as well as manufacturing automation and scalability. To keep pace with SolarEdge’s aggressive market ramps, Jabil devised a dual-site strategy, mirroring its massive China production facility with a secondary site in Vietnam. In addition, the development of a multi-level vertical testing facility reduces the resources and floor space needed for product curing and testing while complete product traceability is aligned with stringent quality demands.
Minimizing Supply Chain Disruptions
Jabil also provides global supply chain assistance in every region supported by SolarEdge, with meticulous attention on each material and component needed for manufacturing. During the pandemic-related disruptions, Jabil leveraged its digital supply chain intelligence to forecast long-lead items, submit pre-orders and identify alternate suppliers when faced with component shortages. As raw material shortages, logistical challenges and factory closures intensified, Jabil qualified new components, modified product designs and moved production into different locations to mitigate the impact.
Driving the Green Energy Revolution
Together, Jabil and SolarEdge continue to combat the global climate crisis through the delivery of industry-leading solutions that maximize power generation while lowering energy costs. As SolarEdge evolves its product roadmap, Jabil keeps stride to support the introduction of new product offerings, from energy storage and backup to battery systems and uninterrupted power supply solutions. The addition of more intelligence to SolarEdge's products enables homeowners to manage solar energy production, consumption and backup storage in real time. Every step of the way, Jabil is there to bring SolarEdge’s new products to market quickly, efficiently and economically.
Supporting Quotes and Resources
“We are sure that Jabil will be with us through our journey to the next era. They have been with us hand-in-hand for more than 10 years, and they will be with us for the next 10 years, which is very important to us. That’s kind of the magic, the secret sauce that works between our two companies.”
“There’s a continuous engineering effort on both sides to put out the best performing, competitively priced products. The value that Jabil brings to SolarEdge is excellence in execution of manufacturing and being hyper-focused on quality and cost.”
About Jabil:
Jabil (NYSE: JBL) is a manufacturing solutions provider with over 260,000 employees across 100 locations in 30 countries. The world's leading brands rely on Jabil's unmatched breadth and depth of end-market experience, technical and design capabilities, manufacturing know-how, supply chain insights and global product management expertise. Driven by a common purpose, Jabil and its people are committed to making a positive impact on their local community and the environment. Visit www.jabil.com to learn more.
Michael Kovacs
Senior Director, Marketing, Jabil
1.408.427.1191
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MADISON, Wis.--(BUSINESS WIRE)--Infinity Turbine LLC, is introducing the Gas Leverage Turbine (GLT).
Considered a hybrid between Brayton Cycle and Organic Rankine Cycle, the gas leverage turbine produces phase changes dynamics for continuous battery material production and flow energy storage.
Using first principles, the GLT has a variety of applications which include:
Infinity Turbine LLC offers a visionary future for clean and renewable fuels by providing complimentary technologies which leverage together for greater efficiency.
Company Website: https://infinityturbine.com
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DUBLIN--(BUSINESS WIRE)--The "Global Yacht Market: Analysis By Propulsion, By Category, By Type, By Length, By Region Size And Trends With Impact Of COVID-19 And Forecast up to 2026" report has been added to ResearchAndMarkets.com's offering.
The global yacht market in 2021 was valued at US$10.80 billion. The market is anticipated to reach US$15.15 billion by 2026.
This report provides an in-depth analysis of the global yacht market by value, by propulsion, by category, by type, by length, by export, by operational fleet, by region (North America (The US and Canada), Europe (Italy, Netherlands, Germany, UK, France, and Rest of Europe), Asia Pacific (China, Japan, and the Rest of the Asia Pacific), Latin America, and the Middle East & Africa), etc. The report also provides a detailed analysis of the COVID-19 impact on the global yacht market.
Much of the expertise in the luxury yacht building market is concentrated in only a few countries, including Italy, Turkey, the Netherlands, the US and Germany. The Italian manufacturers benefit from a worldwide reputation for quality and style. This market's customer base is composed of extremely wealthy individuals who can afford the significant purchasing price of a large yacht as well as the maintenance costs.
An increase in income inequality, higher disposable income, and a positive macroeconomic scenario are some of the factors driving the market growth. The market is expected to grow at a CAGR of 7% during the forecast period of 2022-2026.
Market Dynamics
Growth Drivers
Challenges
Trends
Market Segmentation Analysis:
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/19bmch
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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ITASCA, Ill.--(BUSINESS WIRE)--#SEKOLogistics--SEKO Logistics today confirmed two new appointments to their international leadership team to steer the growth of value-added global forwarding services and build SEKO’s value proposition in Australia and globally.
Steen Christensen joins SEKO in the new role of Chief Operating Officer – International, while, in Sydney, Paul Good takes over as Managing Director, Australia.
“Growing companies need great people to scale at velocity and with Steen and Paul, I am confident we have two very accomplished and talented forwarding and logistics professionals who will challenge us to grow better and faster. Steen’s role is a new position for us and one that reflects the expansion of our International Freight Management operations and network. It also recognizes the growth potential we see in the years ahead as we continue to transform and deliver exemplary growth in our Global Forwarding Business Segment while staying true to our commitment of being 'small enough to care, big enough to scale,'” said James Gagne, SEKO’s President & CEO.
“Paul joins us as we embark on the next stage of SEKO’s growth in Australia to lead our air, ocean and ecommerce logistics divisions to further enhance our value proposition to clients. We see strong growth opportunities for SEKO in Australia and Paul’s solid and impactful track record brings the business and client leadership focus needed for this next stage in our transformation,” he added.
Texas-based Christensen has enjoyed a 30-year executive career in the freight and logistics sector through senior posts with GEODIS and DHL. He most recently spent four years as Hellmann Worldwide’s President & CEO for the U.S. and Canada. Born in Denmark, Steen is a ‘global citizen’ whose career has included living and working in the Middle East, Africa, Asia and Europe, as well as North America.
As a member of SEKO’s Global Executive Leadership Team, he is responsible for SEKO’s Air and Ocean Product on a global level, focused on driving strategy, growth, carrier relationships, network enablement, and performance management. Steen will also lead, and be responsible for, key aspects of SEKO’s network forwarding acquisition strategy, and the continued evolution and development of the company’s global network of agents.
Paul Good is a career forwarder and logistics professional who, over 25 years, has held country management roles in Asia Pacific, responsible for regional operations and transformation leadership. He has previously worked for Kuehne + Nagel in Indonesia, for Agility in multiple countries including Indonesia, India, the Philippines and Australia, and ABX (Australia). Prior to joining SEKO, Paul served as a Board Member of Speedmark Australia.
About SEKO Logistics
Built on nearly 50 years of logistics expertise, SEKO Logistics is the no-nonsense global end-to-end logistics partner – from shipper to consumer. SEKO delivers client-first service, expert reliability and tech-driven shipping solutions that turn customers’ supply chains into a competitive advantage. With over 150 offices in more than 40 countries, SEKO helps you move at the speed of commerce. Learn more at www.sekologistics.com.
Brian Bourke, Chief Growth Officer, SEKO Logistics
T: +1 630 919 4966
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Jamie Roche, JRPR
T: +44 (0) 1753 900902
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DALLAS--(BUSINESS WIRE)--Pioneer Natural Resources Company (NYSE:PXD) today announced that Chief Executive Officer, Scott Sheffield, will present at the J.P. Morgan Energy, Power & Renewables Conference on Wednesday, June 22, at 3:05 p.m. ET.
The live presentation will be available to the public via webcast - click here. A few days after the presentation, access to an archived version of the webcast will be available by visiting Pioneer’s website at www.pxd.com, selecting ‘Investors,’ and then selecting ‘Earnings & Webcasts.’
Pioneer is a large independent oil and gas exploration and production company, headquartered in Dallas, Texas, with operations in the United States. For more information, visit Pioneer’s website at www.pxd.com.
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Integra also expands its portfolio of 100 V RF GaN products with 7 new models for high reliability applications
EL SEGUNDO, Calif.--(BUSINESS WIRE)--#teledynee2vhirel--Integra, a leading provider of innovative RF and Microwave Power solutions that help make a safer and more connected world, today announced it has begun production shipments to US and European customers of its groundbreaking 100 V RF GaN technology. Tom Kole, Integra’s Vice President of Sales and Marketing, said, “In collaboration with our customers, our system engineers have helped design new radar architectures that take full advantage of the benefits of our third generation 100 V RF GaN technology. It’s exciting to see Integra’s 100 V RF GaN products move into production with customers as it signifies another industry first.”
Integra also announced expansion of their 100 V RF GaN product portfolio with the introduction of 7 new products for avionics, directed energy, electronic warfare, radar, and scientific market segments with power levels up to 5 kW in a single transistor. These products incorporate Integra’s 100 V RF GaN technology optimized to deliver the highest power and efficiency in a single transistor while maintaining reliable operating junction temperatures. Combined with Integra’s thermally enhanced patents and transistor design expertise, these products offer reliable operation with a MTTF of 10 million hours. Suja Ramnath, Integra’s President and CEO, said, “Integra has spent a decade innovating, maturing and commercializing our groundbreaking 100 V RF GaN technology. Building upon our 25-year heritage of semiconductor innovation, this 3rd generation 100 V RF GaN continues to extend our technical and market leadership.”
Additionally, Integra’s partner Teledyne e2v HiRel is offering high reliability options for all of Integra's 100 V RF GaN power devices and pallets targeted at the defense market. Brad Little, Vice President and General Manager of Teledyne e2v HiRel, said, “Our space customers can benefit from Integra’s 100 V RF GaN products combined with Teledyne’s expertise and long heritage providing space RF components. These innovative products offer space payload engineers state-of-the-art power devices for insertion into their applications.”
New 100V RF GaN parts introduced:
Part Number |
Description |
Market |
IGW4000 |
100 V, Ultra-Wideband Multi Chip Module |
Electronic Warfare |
IGN1012S2500 |
100 V, 2.5kW L-Band Transistor |
Directed Energy |
IGN1030S3100 |
75 V, 3.1 kW L-Band Transistor |
Avionics |
IGN1030S3600 |
100 V, 3.6 kW L-Band Transistor |
Avionics |
IGN1313S3600 |
100 V, 3.6 kW 1.3 GHz Transistor |
Scientific |
IGN1214M3200 |
75 V, 3.2 kW 1.2-1.4 GHz, L-Band Transistor |
Radar |
IGN2729M1500 |
100 V, 1.5 kW 2.7-2.9 GHz, S-Band Transistor |
Radar |
ABOUT TELEDYNE E2V HIREL ELECTRONICS
Teledyne e2v HiRel innovations lead developments in space, transportation, defense, and industrial markets. Teledyne e2v’s unique approach involves listening to the market and to the application challenges of customers and partnering with our customers to provide innovative standard, semi-custom or fully custom solutions, bringing increased value to their systems. Teledyne e2v HiRel Electronics is part of the Teledyne Defense Electronics Group. www.tdehirel.com
ABOUT INTEGRA TECHNOLOGIES, INC.
Founded in 1997, Integra is a leading innovator of RF and Microwave high power semiconductor and pallet solutions for mission-critical applications, including state-of-the-art radar, electronic warfare, and advanced communications systems. www.integratech.com.
Sharon Fletcher
Teledyne Defense Electronics
+1 323-241-1623
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