READING, England--(BUSINESS WIRE)--“Mid-table – very happy with that” said Julian McBride on completion of the opening race in the 750 Motor Club Tegiwa Club Enduro Championship 2022 season.
Paraplegic driver, Julian, kicked off the 2022 season in the opening round at Donington Park on 18 April with a 14th place finish from a field of 53 cars having qualified 27th after his BMW suffered a broken suspension in testing.
Immediately prior to the race, Julian McBride Racing agreed a one-year initial sponsorship deal with the German high-performance lubricant-maker Liqui Moly. “I’m chuffed with the Liqui Moly deal.” said Julian. “Their lubricants have always been associated with top performing German cars, and my aim is to become a top performing driver, regardless of my disability – it’s a motivating match.”
Tim Keller, Liqui Moly’s UK Export Area Manager, said “The deal with Julian McBride Racing demonstrates our support for tenacious drivers who have overcome adversity in the pursuit of success and we’re proud to be helping Julian onward to success.”
Julian drives an S55 3.0-litre BMW E46 M3 twin turbo, built from scratch by Geoff Steel Racing. It includes a Drenth sequential gearbox with a specially-adapted hand-operated clutch and modified brake and accelerator to accommodate limited feeling and control in Julian’s legs. Julian’s support team and is responsible for the modifications to the BMW which allow Julian to compete at this level.
“Though still in the early days of development, the signs are very promising.” said Geoff Steel.
Julian became a paraplegic on 4 January 2011 following a microdiscectomy, a routine spinal surgery procedure, which “went wrong”. He awoke after a one-hour operation unable to feel his legs, and within three hours had lost all feeling and movement from the waist down.
Following extensive rehab at Reading and Stoke Mandeville, but still unable to walk, Julian regained some feeling just in his quad (thigh) muscles and attended a Regional Driving Assessment Centre in mid-2011 where he tried a range of cars with various hand controls, and was signed off as able to drive two-pedalled cars. He entered his first Tegiwa Club Enduro Championship in 2018 though he subsequently suffered a broken leg, overcoming that setback to compete in a total of only four races in the 2020 and 2021 seasons.
-- ENDS --
For further information:
Julian McBride races as Julian McBride Racing https://www.julianmcbrideracing.uk. Contact Julian at +447123456789 or email at This email address is being protected from spambots. You need JavaScript enabled to view it..
The Tegiwa Club Enduro Championship is organised by The Seven Fifty Motor Club Limited at https://www.750mc.co.uk and Donington Park, Castle Donington, Derby DE74 2BN. Contact James Winstanley at +441332814548 or email at This email address is being protected from spambots. You need JavaScript enabled to view it..
Results from Round 1 of the 750 Motor Club Tegiwa Club Enduro Championship, 18 April 2022: https://www.750mc.co.uk/ugc-1/1/71/0/2a321d24-85b2-4115-af66-fc3ad4d1666a.pdf
Geoff Steel Racing is at https://geoffsteelracing.co.uk Station Road, Kirton Lindsey, Gainsborough DN21 4BD at +441652648429 or email at This email address is being protected from spambots. You need JavaScript enabled to view it..
Liqui Moly is at https://www.liqui-moly.com and Jerg-Wieland-Straße 4, 89081 Ulm, Germany. Tim Keller, Export Area Manager responsible for the UK, can be contacted on +4915112688266 or email at This email address is being protected from spambots. You need JavaScript enabled to view it..
Requests for interviews with Julian or other media enquiries can be directed to press agent Mark Adams at +447801491610 or email at This email address is being protected from spambots. You need JavaScript enabled to view it..
Media Enquiries:
Mark Adams
+447801491610
This email address is being protected from spambots. You need JavaScript enabled to view it.
ROSH HAAYIN, Israel--(BUSINESS WIRE)--Brenmiller Energy Ltd. (“Brenmiller”, “Brenmiller Energy” or the “Company”) (TASE: BNRG, Nasdaq: BNRG), a clean-energy company that provides Thermal Energy Storage (“TES”) systems to the global industrial and utility markets, announced today that the Government Procurement Administration of Israel issued a notice on May 25, 2022, regarding an intent to engage with the Company as a sole supplier for the purchase of heat energy at Wolfson Hospital in Israel. Under the proposed engagement Brenmiller will install, at its expense, its thermal energy storage system bGen™, integrate it with the hospital's local energy system, and maintain the installed system.
Brenmiller plans to enter into an approximately $5 million, seven and one-half year agreement with Wolfson Hospital under which it will supply heat energy at prices to be agreed between the parties.
It is unknown yet whether the agreement with Wolfson hospital will be exempt from a tender process. In the event, it is determined that a tender is required for such engagement, then there is no certainty that the Company will secure the project.
About Brenmiller Energy
Brenmiller Energy’s innovative thermal energy storage solutions are accelerating the electrification and decarbonization of the global economy. Founded in 2012 by Avi Brenmiller, former CEO of Siemens CSP and Solel, and a team of other experts in the field of renewable energy, its patented technology heats crushed rocks to very high temperatures, enabling utility and industrial customers to cost-effectively store energy and then convert this energy into steam, hot water or hot air for a variety of applications. The Company has raised more than $90 million and is traded on the Tel-Aviv Stock Exchange and began trading on Nasdaq on May 25, 2022. For more information visit https://bren-energy.com/ and follow us on LinkedIn https://www.linkedin.com/company/brenmiller-energy/mycompany/.
Cautionary Note Regarding Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. Statements that are not statements of historical fact may be deemed to be forward-looking statements. For example, the Company is using forward-looking statements in this press release when it discusses agreement with Wolfson hospital Without limiting the generality of the foregoing, words such as "plan," "project," "potential," "seek," "may," "will," "expect," "believe," "anticipate," "intend," "could," "estimate" or "continue" are intended to identify forward-looking statements. Readers are cautioned that certain important factors may affect the Company's actual results and could cause such results to differ materially from any forward-looking statements that may be made in this press release. Factors that may affect the Company's results include, but are not limited to, regulatory approvals, product demand, market acceptance, impact of competitive products and prices, product development, commercialization or technological difficulties, the success or failure of negotiations and trade, legal, social and economic risks, and the risks associated with the adequacy of existing cash resources. The forward-looking statements contained or implied in this press release are subject to other risks and uncertainties, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company's Registration Statement on Form F-1 filed with the SEC on April 21, 2022, and any subsequent amendments thereto. Copies are available on the SEC's website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
U.S. Investors:
Chase Jacobson, Vallum Advisors
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+1 980-265-2597
Media:
Isaac Steinmetz
Antenna for Brenmiller Energy
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MISSISSAUGA, Ontario--(BUSINESS WIRE)--Schneider Electric, the leader in digital transformation of energy management and automation, has recently announced that it is opening recruitment for 2500 Field Service Experts worldwide, roles that boost the global green economy.
The latest IPCC report notes that greenhouse gas emissions must peak by 2025 to give the world a chance to limit future heating to 1.5C above pre-industrial levels. Change is needed on an industrial level to achieve this goal, suggests the report.
A more electric and digital world is key to a sustainable and resilient future. The growing green economy must enable this by promoting a sustainable and circular economy approach.
Schneider’s 2500 new Field Service Expert roles are set to fulfill this need. Already cornerstones of Schneider Electric’s close work with its customers, each Field Service Expert will influence corporate sustainability and active energy management as businesses across the world contribute to climate targets.
Field Service Experts will positively influence customers’ energy decisions
The service engineer role combines tool-based operations to fix and maintain customer infrastructure with digital technologies and modernize assets, which streamline the job's performance and provide additional insights and services to customers.
They’ll use the power of the IoT and EcoStruxure platforms to digitize and decarbonize facilities and provide advice on sustainability strategies and energy procurement and cybersecurity, safety, and performance. They will work alongside customers to design and implement energy management and circularity strategies, deliver efficiency in their facilities, and sustain results over time. Accelerating on the contribution in savings CO2 for our customers, the Services teams aim at reducing our customers’ footprints by more than 10m tons of eCO2 by 2025 through circularity and energy efficiency solutions.
Schneider Electric’s sustainable service engineers already saved customers 1m tons of CO2 in 2021, while improving equipment safety and reliability for uninterruptable power supplies (UPS).
Frédéric Godemel, EVP of Power Systems & Services at Schneider Electric, said:
“The growth of the green economy is playing a significant role in tackling climate change on a large scale. One of the best ways to reach critical targets is creating green jobs that influence organizations to use greener technologies and make a difference to the planet while fulfilling those who work in them.
Schneider Electric’s new service engineers are set to be powerful influencers and facilitators of green solutions at the heart of the organizations that need them most. We are thrilled to support these 2500 people and the many more they will aid as we all work towards a greener future with better electricity usage. As Electricity 4.0 principles state, a more electric and digital world is key to a sustainable and resilient future.”
Schneider Electric’s sustainability initiatives include its support for helping customers reduce future use of the world’s most potent greenhouse gas, SF6. It has developed a breakthrough suite of environmentally superior and digital technologies to market that avoid using SF6, replacing it with pure air.
About Schneider Electric
Schneider’s purpose is to empower all to make the most of our energy and resources, bridging progress and sustainability for all. We call this Life Is On.
Our mission is to be your digital partner for Sustainability and Efficiency.
We drive digital transformation by integrating world-leading process and energy technologies, endpoint to cloud connecting products, controls, software and services, across the entire lifecycle, enabling integrated company management, for homes, buildings, data centers, infrastructure and industries.
We are the most local of global companies. We are advocates of open standards and partnership ecosystems that are passionate about our shared Meaningful Purpose, Inclusive and Empowered values.
Discover Life Is On Follow us on: Twitter, Facebook, LinkedIn, YouTube, Instagram, Blog
Discover the newest perspectives shaping sustainability, electricity 4.0, and next generation automation on Schneider Electric Insights
Media Relations - Edelman on behalf of Schneider Electric, Juan Pablo Guerrero, Phone: +1 416 875 7173, Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
--Real-time Energy and Emission Reduction Technology--
TORONTO--(BUSINESS WIRE)--Kontrol Technologies Corp. (NEO:KNR) (OTCQB:KNRLF) (FSE:1K8) (“Kontrol” or the "Company") a leader in smart buildings and cities through IoT, Cloud and SaaS technology, has completed its first SmartSuite installation in Florida for a leading National USA REIT (see press release March 23, 2022).
“Expansion into the USA market with our technology platform remains an important strategic initiative and we are pleased to have our first SmartSuite installation operating,” says Paul Ghezzi, CEO of Kontrol Technologies. “We are focused on scaling opportunities which will assist our customers to reduce their escalating energy costs and achieve their corporate sustainability targets.”
SmartSuite Real Time Energy and Emission Reduction
SmartSuite operates by integrating with heating, cooling, and ventilation (HVAC) equipment and provides a proprietary Cloud platform to deliver real-time visibility, analytics and smart controls. By regulating temperature settings and adapting to occupancy through smart learning algorithms, SmartSuite is designed to reduce energy waste and create long term energy savings. For each kilowatt of energy saved a corresponding reduction in GHG emissions can be derived.
Kontrol is working with the USA REIT customer to advance the second location for deployment which is anticipated to be completed in June 2022.
About Kontrol Technologies Corp.
Kontrol Technologies Corp., a Canadian public company, is a leader in smart buildings and cities through IoT, Cloud and SaaS technology. Kontrol provides solutions and services to its customers to improve energy management, monitor continuous emissions and accelerate the sustainability of all buildings.
Additional information about Kontrol Technologies Corp. can be found on its website at www.kontrolcorp.com and by reviewing its profile on SEDAR at www.sedar.com
Neither IIROC nor any stock exchange or other securities regulatory authority accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This news release contains “forward-looking information” within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may constitute forward-looking information. In some cases, forward-looking information can be identified by words or phrases such as “may”, “will”, “expect”, “likely”, “should”, “would”, “plan”, “anticipate”, “intend”, “potential”, “proposed”, “estimate”, “believe” or the negative of these terms, or other similar words, expressions, and grammatical variations thereof, or statements that certain events or conditions “may” or “will” happen, or by discussions of strategy. Forward-looking information contained in this press releases includes, but is not limited to, the following: future Carbon solutions to be offered by Kontrol for its potential customers; future goal of monetizing carbon credits; the anticipated timing of the installation of and energy savings that SmartSuite will provide for the USA REIT customer; the future success of any of Kontrol’s products; and customer demand relating to energy management.
Where Kontrol expresses or implies an expectation or belief as to future events or results, such expectation or belief is based on assumptions made in good faith and believed to have a reasonable basis. Such assumptions include, without limitation, that sufficient capital will be available to the Company; that future Carbon solutions can be conducted as planned; that technology will be as effective as anticipated; that existing relationships and contracts entered into by the Company will continue on the same or similar terms, or at all; that the anticipated timing of the installation of and energy saving relating to the SmartSuite will go as planned for the USA REIT customer; and that demand will continue for energy management products and for the Company’s products in particular.
However, forward-looking statements are subject to risks, uncertainties, and other factors, which could cause actual results to differ materially from future results expressed, projected, or implied by such forward-looking statements. Such risks include, but are not limited to, that sufficient capital and financing cannot be obtained on reasonable terms, or at all; that the Company’s technologies will not prove as effective as expected; that customers and potential customers will not be as accepting of the Company’s product and service offerings as expected and/or that demand for such products and services will not continue; that Kontrol SmartSuite will not be replicated in the future and that the Company will not maintain its existing relationships or contracts on the same terms or at all.
Kontrol Technologies Corp.
Paul Ghezzi
CEO
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180 Jardin Drive, Unit 9, Vaughan, ON L4K 1X8
Tel: (905) 766.0400
Investor Relations:
Brooks Hamilton
MZ Group - MZ North America
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Tel: +1 (949) 546.6326
BEIJING--(BUSINESS WIRE)--BCI Group, a leading zero-carbon infrastructure service provider in China, officially released China's first Super Energy Complex solution.
The announcement said that BCI Group would gradually promote the layout of the Super Energy Complex through the integrated power architecture, the carbon reduction infrastructure model and the integrated reuse of electricity, water, heat and pollution resources. In a sense, the plan can also be seen as a public sustainable development product, improving the carbon reduction capacity of the digital industry chain and effectively controlling greenhouse gas emissions.
It is worth noting that the founder and CEO of BCI Group are Alex Ju, also a serial entrepreneur. Alex found and led a Chinese hyperscale data center infrastructure operator called Chindata（O:CD）from 0 to 1 to the IPO process and profoundly impacted China's data center industry. As can be seen in his former media interviews, he has always adhered to zero carbon. Alex left Chindata and started a new platform at BCI Group, perhaps intending to move the Super Energy Complex from a concept to a truly neutral, open, inclusive IT infrastructure platform.
About BCI Group:
BCI Group is a leading zero-carbon infrastructure service provider in China. Its entrepreneurial team has many years of experience in developing digital infrastructure and industrial parks, and has witnessed the entire process of the digital economy's transformation from high-carbon energy drive to low-carbon. Currently, BCI Group laid out renewable storage, park development, equipment manufacturing, and net links services in important node cities in China's Greater Beijing Area to empower industries to realize the city's zero-carbon green transformation.
Company Name: BCI Group
Contact Person: Xinyan Liu
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MISSISSAUGA, Ontario--(BUSINESS WIRE)--Schneider Electric, the leader in the digital transformation of energy management and automation announced the launch of a new EV charging solution for efficient, resilient, and sustainable electric mobility and net-zero buildings.
In order to achieve a net-zero future, Schneider Electric recognizes the importance of buildings in the electrification of transportation. It is predicted that around 70 per cent of EV charging will happen in commercial, industrial, and multifamily buildings by 2030, according to Bloomberg.
With this launch, Schneider Electric continues its pursuit to make buildings smarter and sustainable overall by adding EV charging infrastructure in the facilities.
“As EVs take hold of the car market, buildings will take on a larger share of the burden. When EVs become the dominant mode of transportation, people won’t be stopping to charge; they’ll charge where they stop. We will charge at home and also at destinations like offices, shops, restaurants, parking garages, schools, hospitals, movie theaters, etc.,” said Mike Doucleff, Head of eMobility Business.
What is EcoStruxure for eMobility in Buildings?
Combing all end-to-end solutions means that Schneider Electric is offering reliable and energy efficient technology for implementing EV charging infrastructure in commercial, industrial, and residential buildings.
EcoStruxure for eMobility provides more than just EV chargers, it is an end-to-end connected solution that is easy to install, maintains building power reliability, and provides a convenient experience for EV drivers.
EcoStruxure for eMobility includes three main elements:
Over the years since beginning the journey into the electrification of vehicles, Schneider Electric's main aim has been to deliver solutions to solve customers’ challenges when it comes to adopt EV charging infrastructure.
Schneider Electric is working towards achieving a net-zero future, and EcoStruxure for eMobility is just one of the ways in which the company can achieve this goal.
Discover more about EcoStruxure for eMobility and the newly launched EVlink Pro AC.
About Schneider Electric
Schneider’s purpose is to empower all to make the most of our energy and resources, bridging progress and sustainability for all. We call this Life Is On.
Our mission is to be your digital partner for Sustainability and Efficiency.
We drive digital transformation by integrating world-leading process and energy technologies, endpoint to cloud connecting products, controls, software and services, across the entire lifecycle, enabling integrated company management, for homes, buildings, data centers, infrastructure and industries.
We are the most local of global companies. We are advocates of open standards and partnership ecosystems that are passionate about our shared Meaningful Purpose, Inclusive and Empowered values.
Discover Life Is On Follow us on: Twitter | Facebook | LinkedIn | YouTube | Instagram | Blog
Discover the newest perspectives shaping sustainability, electricity 4.0, and next generation automation on Schneider Electric Insights
Additional resource:
Hashtags: #IndustriesOfTheFuture #NextGenAutomation #IndustrialAutomation #UniversalAutomation #EcoStruxure
Media Relations - Edelman on behalf of Schneider Electric, Juan Pablo Guerrero, Phone: +1 416 875 7173, Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
HALIFAX, Nova Scotia--(BUSINESS WIRE)--Emera Inc. (TSX: EMA) announced that at its annual meeting of shareholders held on May 26, 2022, on a vote by ballot, each of the 12 nominees proposed as Directors and listed in its Management Information Circular dated March 16, 2022 were elected as Directors. The detailed results of the vote for the election of Directors are set out below.
Nominee |
Votes For |
Votes Withheld |
||
|
Number |
Percent |
Number |
Percent |
Scott C. Balfour |
125,082,488 |
99.72% |
352,920 |
0.28% |
James V. Bertram |
124,987,743 |
99.64% |
447,665 |
0.36% |
Henry E. Demone |
123,974,663 |
98.84% |
1,460,745 |
1.16% |
Paula Y. Gold-Williams |
125,117,587 |
99.75% |
317,821 |
0.25% |
Kent M. Harvey |
120,217,581 |
95.84% |
5,217,827 |
4.16% |
B. Lynn Loewen |
124,713,364 |
99.42% |
722,044 |
0.58% |
Ian E. Robertson |
120,580,304 |
96.13% |
4,855,104 |
3.87% |
Andrea S. Rosen |
118,912,336 |
94.80% |
6,523,072 |
5.20% |
Richard P. Sergel |
124,244,458 |
99.05% |
1,190,950 |
0.95% |
M. Jacqueline Sheppard |
124,614,385 |
99.35% |
821,023 |
0.65% |
Karen H. Sheriff |
125,077,836 |
99.71% |
357,572 |
0.29% |
Jochen E. Tilk |
124,640,491 |
99.37% |
794,917 |
0.63% |
Final voting results of all matters voted upon at the Annual Meeting of Shareholders held on May 26, 2022 will be filed on www.sedar.com.
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.
Emera Inc.
Investor Relations:
Dave Bezanson, VP, Investor Relations & Pensions
902-474-2126
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Arianne Amirkhalkhali, Manager, Investor Relations
902-425-8130
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Media:
902-222-2683
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New Effort Bolsters Grassroots, Digital, Billboard Campaigns
SACRAMENTO, Calif.--(BUSINESS WIRE)--#ClimateAction--The California Hydrogen Coalition is launching an aggressive digital and television advertising campaign this week designed to win support in the California legislature for additional funding to develop hydrogen fueling stations across the state.
The Coalition has begun running a television ad promoting hydrogen cars to help meet Gov. Gavin Newsom’s 2035 zero emission vehicle goals. With a six figure buy in the Sacramento area, the ad will run for about one month.
The 30-second television spot reads: “Reaching for a monumental achievement… is challenging. Like meeting our state’s ambitious climate goals. To get there, we will need a choice, because battery electric cars aren’t for everyone. Hydrogen-fueled cars fill up in minutes. And they go further. But we need more hydrogen fueling stations so we can go long distances without worries. We won’t achieve our climate goals without hydrogen. ACT NOW. Contact your legislator. Urge funding for more hydrogen fueling stations… so California can achieve its zero emissions future.”
The TV spot complements the Coalition’s other advertising campaign. Digital promotions have been running on local media websites as well as on social media platforms including Facebook and Instagram, featuring the same message. The Coalition also has billboards along major highways in Sacramento and at Sacramento International Airport.
The Coalition also has undertaken a grassroots campaign at fueling stations, signing up drivers to contact their legislators.
The Coalition is pushing for additional funding in the state budget for hydrogen fueling stations to help bolster massive private sector investments. It also is backing State Senator Josh Newman’s (D-Orange County) Senate Bill 1329 to expand the state’s hydrogen fueling network.
The California Hydrogen Coalition is dedicated to enabling California’s transition to zero emission vehicles by expanding the availability of reliable, convenient, and affordable hydrogen fueling. Its members include Air Liquide, Chevron, FirstElement Fuel, Hyundai, Shell, and Toyota.
Steven Maviglio, 916-607-8340
NEW YORK--(BUSINESS WIRE)--Hess Corporation (NYSE: HES) announced today that John Hess, Chief Executive Officer, will participate in a fireside chat at Bernstein’s 38th Annual Strategic Decisions Conference on Thursday, June 2, 2022, at 10:00 a.m. Eastern Time.
A live audio webcast and a replay of the presentation will be accessible via Hess Corporation’s website.
Hess Corporation is a leading global independent energy company engaged in the exploration and production of crude oil and natural gas. More information on Hess Corporation is available at https://www.hess.com/.
Cautionary Statements
This presentation will contain projections and other forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These projections and statements reflect the company’s current views with respect to future events and financial performance. No assurances can be given, however, that these events will occur or that these projections will be achieved, and actual results could differ materially from those projected as a result of certain risk factors. A discussion of these risk factors is included in the company’s periodic reports filed with the Securities and Exchange Commission.
Investor contact:
Jay Wilson
(212) 536-8940
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Media contact:
Lorrie Hecker
(212) 536-8250
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RIVERSIDE, Calif.--(BUSINESS WIRE)--ElDorado National (California) or ENC®, a subsidiary of REV Group® and an industry leader in heavy-duty transit buses and emission-free technology, is pleased to announce its Axess Battery Electric Bus (BEB) successfully passed rigorous testing conducted by the Altoona Bus Research and Testing Center (BRTC). The extensive testing looked at maintainability, reliability, safety, brake performance, structural integrity and durability, fuel/energy economy, noise, and emissions.
The Axess BEB test results make it available for government rebates, alternative energy rebates and Federal Transit Administration (FTA) funded procurement programs including the Low or No Emission competitive program that is open through May 31, providing funding to state and local governmental authorities for the purchase or lease of zero-emission and low-emission transit buses as well as acquisition, construction, and leasing of required supporting facilities.
ENC has three fuel types and two different models that qualify for this funding: Axess BEB (battery electric), Axess-FC (hydrogen fuel cell) and the E-Z Rider® II and Axess have CNG (compressed natural gas) options. The Axess BEB is available in three lengths: 32', 35' and 40’. The Axess-FC comes in a 40' length, while the E-Z Rider II with the CNG fuel type is available in a 30' and 32' length and the Axess CNG fueled bus is available in 35' and 40' lengths.
“We are pleased with the outcome of the BRTC testing,” said Jason Moore, Vice President and General Manager, ENC. “With our partners, we have developed a true zero-emission transportation vehicle that delivers superior performance, making it the perfect climate neutral mobility solution for transit, airport, university and other high demand applications.”
Based on the proven Axess platform, the Axess BEB is a true zero emission transportation solution. The only EV bus in the industry that features a zero-corrosion, 100% 304-grade stainless steel body structure/composite exterior, it offers multiple configurations for passenger seating and wheelchair accommodations to meet the exacting needs of its customers.
About Altoona BRTC Testing
The BRTC has extensive experience in testing full-size, heavy-duty transit buses, mid-size buses with commercial chassis, and modified minivans, including those using a range of fuels, and is currently equipped to test low- and zero-emission buses. Buses are tested for maintainability (includes accessibility), reliability, safety (includes brake performance), performance, structural integrity and durability, fuel/energy economy, noise (interior and exterior) and emissions. The data from all the tests are compiled into a test report that is made available to the manufacturer to provide information during the procurement process. Test report is available on request.
About ElDorado National (California), Inc.
ENC® a subsidiary of REV Group, has manufactured low floor and standard floor buses for over 45 years to public transit/paratransit, airport, and university transportation markets. ENC is best known in the industry for its customizable options including thousands of floorplan configurations, as well as ensuring unparalleled manufacturing and safety standards. All ENC models pass a comprehensive battery of durability and crash tests. ENC manufactures the greenest buses in the industry including the Zero Emissions, hydrogen-powered Axess-Fuel Cell as well as the new 100% battery electric Axess. All buses are crafted in the state-of-the-art 227,000 square-foot, ISO 9001 certified production facility in Riverside, California.
About REV Group, Inc.
REV Group® companies are leading designers and manufacturers of specialty vehicles and related aftermarket parts and services, which serve a diversified customer base, primarily in the United States, through three segments: Fire & Emergency, Commercial, and Recreation. They provide customized vehicle solutions for applications, including essential needs for public services (ambulances, fire apparatus, school buses, and transit buses), commercial infrastructure (terminal trucks and industrial sweepers), and consumer leisure (recreational vehicles). REV Group's diverse portfolio is made up of well-established principal vehicle brands, including many of the most recognizable names within their industry. Several of REV Group's brands pioneered their specialty vehicle product categories and date back more than 50 years. REV Group trades on the NYSE under the symbol REVG. Investors-REVG
Julie Nuernberg
Director of PR & Social Media
+1.262.389.8620 (mobile)
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DUBLIN--(BUSINESS WIRE)--The "Submarine Power Cable Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type, Conductor Material, Voltage, and Application" report has been added to ResearchAndMarkets.com's offering.
The submarine power cable market is projected to grow from US$ 7,643.46 million in 2021 to US$ 11,829.01 million by 2028. It is estimated to grow at a CAGR of 6.4% from 2021 to 2028.
Countries such as Taiwan and Japan have set high goals for renewable energy development in response to pressure on governments to stick to their climate change commitments. The large-scale, fossil fuel-based power generation must be replaced as a part of the energy transition. Many governments have chosen offshore wind as the most practical alternative for achieving these goals.
According to the Asia Wind Energy Association, the focus on wind power has sparked a frenzy of activity in the Asian offshore wind business in the last two years. The region is predicted to soon replace Europe as the largest offshore wind market. Since 2015, China's offshore wind power generating capacity has expanded at the rate of 66% annually, from 102 MW in 2010 to 565 MW in 2014, and it further rose to 7.03 GW in 2019.
It accounts for ~94% of the current operational offshore wind power generation of APAC and 31% of the world's wind power capacity, with over 11 GW of offshore capacity installed as of January 2021. Such progress in the power and IT sectors contributing to the development and expansion of wind energy generation capacity is propelling the submarine power cable market in APAC.
COVID-19 Impact on Submarine Power Cable Market
According to the submarine power cable market research study, Brazil is the key country across this region for the procurement of submarine power cables that accounted for more than 85% of the market in 2020.
Brazil has around 19 offshore oil rigs which are currently active and generate a lot of oil for their consumption & international export as well. In 2020, Brazil's offshore oil platforms witnessed many challenges, such as shortage of labor, shutting down of facilities, government restrictions in the ongoing drilling operations, and supply chain challenges, as international trade was critically hampered worldwide, leading to a decline in the investments in submarine power cables across South America. This also led to a drop in offshore platform maintenance & repair operations across the region, limiting the submarine power cable market growth.
The global submarine power cable market has been segmented into five key regions - North America, Europe, APAC, Middle East & Africa, and South America. Europe accounted for the largest share in the submarine power cable market in 2020. the European region homes the longest inter-connector: the NorNed cable between Norway and the Netherlands with 580 Km of submarine power cables.
Currently, the UK has four major power interconnectors. These are bridging the power gap between the UK and France, Ireland, the Netherlands, and Northern Ireland. These lines have a total capacity of 4 gigawatts (GW) and account for around 5% of the UK's current energy-producing capacity. Aside from the foregoing, there are plans for numerous island power lines and large interconnector cables in the region.
NSN Link (Norway), Nemo Link (Belgium), Viking Link (Denmark), IceLink (Iceland), and the Western Link (England) are some of the projected interconnection plans for power transmission. These factors are expected to further contribute to the growth of the European submarine power cable market during the forecast period.
A few submarine power cable market players profiled in the study are Prysmian Group, Sumitomo Corporation, Furukawa Electric Group, LS Cable & System Ltd., and ABB Ltd.
Key Industry Dynamics
Market Drivers
Market Restraints
Future Trends
Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/op0ya9
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LYMINGTON, United Kingdom & DURHAM, N.H.--(BUSINESS WIRE)--Each year, the International Cable Protection Committee (ICPC) and the Rhodes Academy of Oceans Law and Policy (Rhodes Academy) sponsor the Rhodes Academy-ICPC Submarine Cables Writing Award for a deserving paper addressing submarine cables and their relationship with the law of the sea. Applicants to, and graduates of, the Rhodes Academy are eligible to compete for the award, in a competition administered by the Centre for International Law at the National University of Singapore. With the award, the ICPC and the Rhodes Academy seek to foster scholarship regarding submarine cables (the infrastructure of the Internet) and the law of the sea and promote the rule of law as applied to submarine cables. The referees of the 2022 competition chose Sophie Ryan of Australia as the winner for her paper, ‘Submarine Cables and Belligerent Rights in Armed Conflict.’
Rhodes Academy. Each year, the Rhodes Academy brings together approximately 50 mid-career professionals from around the world to study and learn from leading ocean law and science scholars, judges, and practitioners about the law of the sea and its key legal instrument, the United Nations Convention on the Law of the Sea (UNCLOS). The Academy is organised by a consortium of research universities and institutes, led by the School of Marine Science and Ocean Engineering at the University of New Hampshire. After the COVID-19 pandemic led to cancellation of the Academy in 2020 and a virtual Academy in 2021, the Directors of the Academy are pleased to return to Rhodes in person for this year’s Academy. For more information about the Rhodes Academy and the writing competition, see https://marine.unh.edu/academics/rhodes-academy and https://cil.nus.edu.sg/publication/rhodes-academy-icpc-submarine-cables-writing-award/.
The Award. Each year, the winner will receive either guaranteed admission and a full scholarship (covering the attendance fee, travel expenses, and shared hotel room) to the Rhodes Academy, or for a Rhodes Academy graduate from a prior year, a cash award of GB £4,500. The winner will receive assistance from the Rhodes Academy in seeking publication of the winning paper and will also be invited to speak at the next ICPC Plenary meeting to be held in Madrid, Spain from 18th – 20th April 2023. The papers of all past winners have been published in peer-reviewed journals.
About the ICPC. The ICPC is the world’s premier submarine cable protection organisation. It was formed in 1958 to promote the protection of international submarine cables against human and natural hazards. It provides a forum for the exchange of technical, legal, and environmental information about submarine cables and engages with stakeholders and governments globally to promote submarine cable protection. The ICPC has over 185 Members from over 60 nations, including cable operators, owners, manufacturers, industry service providers, as well as governments. For further information about the ICPC, see www.iscpc.org and www.linkedin.com/company/icpc-ltd/.
ICPC Contact:
Kent Bressie, International Law Adviser, ICPC
+1 202 730 1337
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Rhodes Academy Contact:
Judy Ellis, Rhodes Academy Administrator
School of Marine Science and Ocean Engineering, University of New Hampshire
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DUBLIN--(BUSINESS WIRE)--The "China Shipping Containers Market: Prospects, Trends Analysis, Market Size and Forecasts up to 2027" report has been added to ResearchAndMarkets.com's offering.
The country research report on China shipping containers market is a customer intelligence and competitive study of the China market. Moreover, the report provides deep insights into demand forecasts, market trends, and, micro and macro indicators in the China market.
Also, factors that are driving and restraining the shipping containers market are highlighted in the study. This is an in-depth business intelligence report based on qualitative and quantitative parameters of the market. Additionally, this report provides readers with market insights and a detailed analysis of market segments to possible micro levels. The companies and dealers/distributors profiled in the report include manufacturers & suppliers of the shipping containers market in China.
Segments Covered
The report on China shipping containers market provides a detailed analysis of segments in the market based on container size, product type, and end user.
Segmentation Based on Container Size
Segmentation Based on Product Type
Segmentation Based on End User
Highlights of the Report
The report provides detailed insights into:
1) Demand and supply conditions of the shipping containers market
2) Factor affecting the shipping containers market in the short run and the long run
3) The dynamics including drivers, restraints, opportunities, political, socioeconomic factors, and technological factors
4) Key trends and future prospects
5) Leading companies operating in the shipping containers market and their competitive position in China
6) The dealers/distributors profiles provide basic information of top 10 dealers & distributors operating in (China) the shipping containers market
7) Matrix: to position the product types
8) Market estimates up to 2027
The report answers questions such as:
1) What is the market size of the shipping containers market in China?
2) What are the factors that affect the growth in the shipping containers market over the forecast period?
3) What is the competitive position in China shipping containers market?
4) What are the opportunities in China shipping containers market?
5) What are the modes of entering China shipping containers market?
For more information about this report visit https://www.researchandmarkets.com/r/p97dkq
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Laura Wood, Senior Press Manager
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• Expert-led sessions explore the latest developments in battery markets, design, chemistry, management, charging, and manufacturing
• The three-day educational programming includes daily keynotes, technical sessions and panels, and lightning talks
STUTTGART, Germany--(BUSINESS WIRE)--The global advanced battery industry, a market forecasted to value more than $168 billion by 2023, is undergoing immense and rapid growth as nearly every sector electrifies and the world continues to see unprecedented demand for electric vehicles (EVs). The Battery Show Europe, a must-attend trade show connecting the global advanced battery and EV/HEV tech community, is gearing up for a well-attended conference and exhibition slated from 28-30 June at the Messe Stuttgart in Stuttgart, Germany.
The Battery Show Europe runs alongside The Electric & Hybrid Vehicle Technology Expo Europe, bringing together the battery and EV tech communities to facilitate trends and new technology discovery, networking, education, and deal-making. Press are invited to attend the event for free – register here.
"A differentiator of The Battery Show Europe and E/HV Tech Expo Europe that we're immensely proud of is that we deliver an event that focuses on real-world commercial solutions as opposed to research-based technologies, thus arming attendees with concrete takeaways," said Rob Shelton, Event Director, The Battery Show Europe at Informa Markets.
Shelton continued, "While we are firmly rooted in the European market, we draw exhibitors and attendees from around the world, all looking for new solutions to current challenges, inspiration, and new partners to do business with. The response for this year's event, in particular, underscores the industry's pent-up demand for face-to-face connection and peer-to-peer learning, especially given this market's incredible growth – it's gearing up to be an incredible event."
Returning in person for three days, the highly anticipated conference and exhibition is designed to progress the advanced battery industry, one of the world's fastest-growing sectors. Conference attendees have the opportunity to learn from world-renowned experts as they deliver insights into key business and technical challenges the industry navigates with daily, such as next-generation battery and powertrain development that can reduce manufacturing costs and OEM technology strategies for battery design.
Conference attendees benefit from daily morning keynotes, interactive panel discussions, and standalone presentations grouped by topic area, including Battery Market Forecasts, Design & Integration, Recycling, Thermal Management, Battery Management & Intelligence, Energy Storage Solutions, Battery Materials, Battery Chemistry Evolution, Silicon Anodes, Solid-State Batteries, Charging, Battery and Electrode Manufacturing, European Battery Supply Chains, and Looking Beyond Lithium-Ion.
Select battery-focused conference sessions include:
Tuesday 28 June
Wednesday 29 June
Thursday 30 June
The full conference agenda is accessible here – register for the upcoming event at www.thebatteryshow.eu and secure a pass for the advanced battery and electric and hybrid vehicle technology industry's must-attend event.
Follow The Battery Show Europe and Electric & Hybrid Vehicle Technology Expo Europe on social media: #TheBatteryShow
About Informa Markets – Engineering:
Informa Markets' Engineering portfolio is the leading B2B event producer, publisher, and digital media business for the world's $3-trillion advanced, technology-based manufacturing industry. Our print and electronic products deliver trusted information to the engineering market and leverage our proprietary 1.3-million-name database to connect suppliers with buyers and purchase influencers. We produce more than 50 events and conferences in a dozen countries, connecting manufacturing professionals from around the globe. The Engineering portfolio is organized by Informa, the world's leading exhibitions organizer that brings a diverse range of specialist markets to life, unlocking opportunities and helping them to thrive 365 days of the year. For more information, please visit www.informamarkets.com.
About Informa Markets
Informa Markets creates platforms for industries and specialist markets to trade, innovate and grow. Our portfolio is comprised of more than 550 international B2B events and brands in markets including Engineering, Healthcare & Pharmaceuticals, Infrastructure, Construction & Real Estate, Fashion & Apparel, Hospitality, Food & Beverage, and Health & Nutrition, among others. We provide customers and partners around the globe with opportunities to engage, experience and, do business through face-to-face exhibitions, specialist digital content and, actionable data solutions. As the world's leading exhibitions organizer, we bring a diverse range of specialist markets to life, unlocking opportunities and helping them to thrive 365 days of the year. For more information, please visit www.informamarkets.com.
Lauren Lloyd, PR Director
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310-266-4792
DUBLIN--(BUSINESS WIRE)--The "Global Flue Gas Desulfurization (FGD) System Market 2022-2026" report has been added to ResearchAndMarkets.com's offering.
The publisher has been monitoring the flue gas desulfurization (FGD) system market and it is poised to grow by $3.02 billion during 2022-2026 decelerating at a CAGR of 4.8% during the forecast period.
The report on the flue gas desulfurization (FGD) system market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis of the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by stringent standards for sulfur oxide emission, growing demand for power, and the implementation of new emission norms in industries.
The flue gas desulfurization (FGD) system market analysis includes product segment and geographic landscape. This study identifies the new expansion and development as one of the prime reasons driving the flue gas desulfurization (FGD) system market growth during the next few years. Also, the availability of efficient ammonia desulfurization (EADs) technology as an alternative to limestone-gypsum-based FGD, and the rising preference for dry FGD technology will lead to sizable demand in the market.
Companies Mentioned
The report on the flue gas desulfurization (FGD) system market covers the following areas:
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Key Topics Covered:
1 Executive Summary
1.1 Market overview
2 Market Landscape
2.1 Market ecosystem
3 Market Sizing
3.1 Market definition
3.2 Market segment analysis
3.3 Market size 2021
3.4 Market outlook: Forecast for 2021-2026
4 Five Forces Analysis
5 Market Segmentation by Product
6 Customer Landscape
6.1 Customer landscape overview
7 Geographic Landscape
8 Drivers, Challenges, and Trends
8.1 Market drivers
8.2 Market challenges
8.3 Impact of drivers and challenges
8.4 Market trends
9 Vendor Landscape
9.1 Overview
9.2 Vendor landscape
9.3 Landscape disruption
9.4 Industry risks
10 Vendor Analysis
11 Appendix
For more information about this report visit https://www.researchandmarkets.com/r/enz3lu
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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State’s new energy law creates more customer savings, including through electrification
CHICAGO--(BUSINESS WIRE)--#ComEdenergyefficiency--ComEd filed on Wednesday a request with the Illinois Commerce Commission (ICC), which regulates the state’s public utilities, seeking cost recovery of $50 million that would support expanded programs to help customers reduce their energy usage and bills and contribute to a cleaner environment. The cost increase would support the Climate and Equitable Jobs Act (CEJA), the state’s new energy law, and ComEd’s ICC-approved four-year energy efficiency plan, which significantly increases funding for programs benefitting low-income customers.
“ComEd energy efficiency programs have only grown more effective in helping customers of all kinds reduce their energy bills and consumption, which also helps us reduce dependence on fossil fuels,” said Gil Quiniones, CEO, ComEd. “Customers now can save as much energy in five years’ time what used to take them a decade. And the cost to customers is still far less than what it was under the energy efficiency program prior to 2017. Thanks to CEJA, customers have more savings opportunities than ever.”
If approved, the request would add about 30 cents to ComEd’s average monthly residential customer bill beginning in January 2023. ComEd customers have saved more than $6.4 billion on their bills as a result of the energy efficiency program that ComEd launched in 2008, with nearly 460,000 families and businesses participating in 2021.
For the first time, ComEd’s programs include measures by residential and commercial customers to electrify vehicles or processes that would otherwise require fossil fuels. CEJA also allows utilities to fund solutions that enable business, public sector and residential customers to electrify space heating, water heating, cooling, drying, cooking, and industrial end uses that reduce energy consumption. ComEd will launch pilot projects this year, including an offering for income-eligible (IE) customers to fully electrify their homes with HVAC systems, water heating, appliances, and necessary electrical upgrades. ComEd will increase electrification opportunities over the course of four years and plans to spend an average of $10 million annually on solutions for IE customers, who earn at or below 80 percent of average area income.
“CEJA is widely recognized throughout Illinois and beyond as ambitious clean energy legislation, and the ComEd energy efficiency programs that it supports will contribute significantly to reducing carbon emissions,” said Stacey Paradis, executive director of the Midwest Energy Efficiency Association. “In Illinois, energy efficiency is a key component to achieving climate targets while reducing household costs, decreasing emissions and improving indoor air quality and resiliency.”
Last year, more than 15,000 ComEd customers took advantage of ComEd’s free home energy assessment, which includes a customized report and free installation of energy-saving products, such as LED bulbs, advanced power strips, low-flow showerheads, hot water pipe insulation, bathroom and kitchen sink aerators, and discounted smart thermostats.
In coordination with the local natural gas utilities, ComEd also offers customers rebates for installing high-efficiency equipment, including air conditioning systems and weatherization. Business and public sector customers can take advantage of a wide range of EE incentives and services, including free facility assessments and larger incentives are available for customers in ComEd’s most in-need communities.
CEJA also encourages diverse businesses and service providers to become involved in delivering ComEd energy efficiency programs, which ComEd will pursue through a new Market Development Initiative that will be funded at a level of $4 million annually over four years.
To learn more about ComEd energy efficiency visit: https://www.comed.com/WaysToSave
ComEd customers experiencing difficulty paying their electric bill are encouraged to call ComEd at 1-800-334-7661 (1-800-EDISON-1). Information is also available at ComEd.com/PaymentAssistance.
ComEd is a unit of Chicago-based Exelon Corporation (NASDAQ: EXC), a Fortune 200 energy company with approximately 10 million electricity and natural gas customers – the largest number of customers in the U.S. ComEd powers the lives of more than 4 million customers across northern Illinois, or 70 percent of the state’s population. For more information visit ComEd.com and connect with the company on Facebook, Twitter, Instagram and YouTube
ComEd Media Relations
312-394-3500
SAN JOSE, Calif.--(BUSINESS WIRE)--Power Integrations (Nasdaq: POWI) today announced webcasts of appearances by company executives at the following investor conferences:
Live and archived webcasts of these events will be available via the investor page of the company’s website, investors.power.com.
About Power Integrations
Power Integrations, Inc. is a leading innovator in semiconductor technologies for high-voltage power-conversion. The company’s products are key building blocks in the clean-power ecosystem, enabling the generation of renewable energy as well as the efficient transmission and consumption of power in applications ranging from milliwatts to megawatts. For more information please visit www.power.com.
Power Integrations and the Power Integrations logo are trademarks or registered trademarks of Power Integrations, Inc.
Joe Shiffler
Power Integrations, Inc.
(408) 414-8528
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Achievement Follows Successful Progress on TA’s Transformation Plan, Including Significant
Enhancements to Guest Experience, Business Growth and Shareholder Value Creation
WESTLAKE, Ohio--(BUSINESS WIRE)--TravelCenters of America Inc. (Nasdaq: TA), the nation's largest publicly traded full-service travel center network, today announced that it has rejoined the Fortune 500. Conceived in 1955, the Fortune 500 list annually ranks the 500 largest publicly traded companies in the U.S. by total revenues.
“After 50 years of serving professional drivers, fleet managers and highway travelers, we are excited that our company is once again included on the prestigious Fortune 500 list,” said Jon Pertchik, Chief Executive Officer of TravelCenters of America. “TA’s incredible growth and progress is a testament to our team’s capabilities and outstanding execution. Since we launched our Transformation Plan in mid-2020, we have consistently exceeded our financial and operational objectives, adeptly navigating the challenges caused by the pandemic while demonstrating the consistent durability and resiliency of our business model. We are still in the early stages of our Transformation and expect to improve our facilities and services further while delivering incremental value creation for shareholders. With a mission to return every traveler to the road better than they came, we are pleased to be entering our next 50 years as a stronger company ideally positioned within our industry.”
Last year, TA generated $7.3 billion in total revenue, due in large part to the Company’s continued investments in its guests and its people. Expanded restaurant options, remodeled sites, new travel center openings, technology upgrades, a growing franchise base and a plan to bring alternative energy resources to the marketplace are key initiatives that have resulted in customers doing more business with TA. Since launching the Transformation Plan in 2020, TA’s market capitalization has more than doubled.
About TravelCenters of America Inc.:
TravelCenters of America Inc. (Nasdaq: TA) is the nation's largest publicly traded full-service travel center network. Founded in 1972 and headquartered in Westlake, Ohio, its more than 18,000 team members serve guests in over 275 locations in 44 states, principally under the TA®, Petro Stopping Centers® and TA Express® brands. Offerings include diesel and gasoline fuel, truck maintenance and repair, full-service and quick-service restaurants, travel stores, car and truck parking and other services dedicated to providing great experiences for its guests. TA is committed to sustainability, with its specialized business unit, eTA, focused on sustainable energy options for professional drivers and motorists, and leverages alternative energy to support its own operations. TA operates over 600 full-service and quick-service restaurants and nine proprietary brands, including Iron Skillet® and Country Pride®. For more information, visit www.ta-petro.com.
Media
Tina Arundel, Sr. Director of Communications
440-250-4758
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Investor
Kristin Brown, Director of Investor Relations
(617) 796-8251
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DUBLIN--(BUSINESS WIRE)--The "Turbocompressors Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.
The global turbocompressors market reached a value of US$ 17.5 billion in 2021. Looking forward, the market is projected to reach US$ 25.5 billion by 2027, exhibiting at a CAGR of 6.4% during 2022-2027.
Keeping in mind the uncertainties of COVID-19, the analyst is continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different End-use industries. These insights are included in the report as a major market contributor.
Turbocompressors are widely used in process plants to concentrate a compressible gas via dynamic principles. They also find application in the gas supply chain, energy recovery, and power generation during natural gas processing and petrochemical production. At present, they are widely available in various types, depending on the requirement of End-users.
For instance, water turbocompressors help produce refrigerants for the liquefaction of gases, such as oxygen, nitrogen, and helium, in different industrial processes. In addition, product variants operated by radial turbines provide a large capacity to absorb or deliver power, which helps boost the power of diesel engines.
Turbocompressors Market Trends
Surging energy needs, along with a rapid rise in the installation of turboexpanders in offshore oil production sites, represents one of the major factors fueling the demand for turbocompressors in oil and gas facilities across the globe.
Moreover, industries worldwide are emphasizing upgrading their existing turbocompressors with the latest high-efficiency impellers, blades, and sealing technologies. This is propelling leading players in improving the overall performance and reducing operational expenditures (OPEX) of machines.
Apart from this, due to high requirements on efficiency and optimized specific power consumption, these players are focusing on improving the aerodynamic features of rotating equipment. They are also introducing lightweight, compact, and high-performance product variants with low energy costs and user-friendly microprocessors to stay competitive in the market.
These variants have high power density and reliability, which help reduce the noise level and save fuel, resources, and energy. This, coupled with the boosting sales of vehicles on account of inflating income levels, is anticipated to increase the utilization of turbocompressors in the automotive industry for a reliable and cost-effective supply of oil-free compressed air.
Key Questions Answered in This Report
Competitive Landscape
The competitive landscape of the industry has also been examined along with the profiles of the key players being
Key Market Segmentation
Breakup by Type:
Breakup by Stage:
Breakup by End-user:
Breakup by Region:
For more information about this report visit https://www.researchandmarkets.com/r/fbcevj
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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PARIS & ARNHEM, the Netherlands & NEW YORK--(BUSINESS WIRE)--Allego N.V. (“Allego”) (NYSE: ALLG), a leading pan-European electric vehicle public fast-charging network, today announced that management will participate and host one-on-one meetings at the following investor conferences.
Bank of America EV Charging Summit
Date: June 6, 2022
Location: Virtual
JP Morgan European Automotive Conference
Date: June 7, 2022
Location: London, UK
Evercore Global Clean Energy & Transition Technologies Summit
Date: June 14, 2022
Location: New York, NY
Deutsche Bank Global Auto Industry Conference
Date: June 15, 2022
Location: New York, NY
Credit Suisse 2022 Virtual Mobility Forum
Date: June 21, 2022
Location: Virtual
JP Morgan Energy Power & Renewables Conference
Date: June 22, 2022
Location: New York, NY
Please visit the Events & Publications section at https://ir.allego.eu/events-publications to access the applicable webcast and presentation times.
About Allego
Allego delivers charging solutions for electric cars, motors, buses, and trucks, for consumers, businesses, and cities. Allego’s end-to-end charging solutions make it easier for businesses and cities to deliver the infrastructure drivers need, while the scalability of our solutions makes us the partner of the future. Founded in 2013, Allego is a leader in charging solutions, with an international charging network comprising of approximately 31,000 public charging ports operational throughout the pan-European market – and proliferating. Our charging solutions are connected to our proprietary platform, EV-Cloud, which gives our customers and us a full portfolio of features and services to meet and exceed market demands. We are committed to providing independent, reliable, and safe charging solutions, agnostic of vehicle model or network affiliation. At Allego, we strive every day to make EV charging easier, more convenient, and more enjoyable for all.
Investors
Manish A. Somaiya
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Media
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