TUNIS, Tunisia--(BUSINESS WIRE)--The Africa Finance Corporation (“AFC”) has welcomed Tunisia as its 34^th member state. Tunisia’s accession brings the total number of North African member states of the AFC to three, with Morocco and Egypt becoming members in 2021, deepening the infrastructure provider’s engagement with a vital gateway to Africa. Tunisia’s strategic geographic position means it is an important transit route for natural gas exports from Africa to Europe.

AFC has been invested in Tunisia for some time to enable the country to develop its key economic sectors and support the creation of high skilled jobs. In 2017, AFC invested US$37 million in the development of the Halk El Menzel offshore oil concession block in Northern Tunisia. The project has been especially critical in providing the energy required for transport, installation, start up and commissioning, first well drilling including acquisition of critical production installations, floating storage and offloading units, repair, upgrade of the existing buoy, supply of topside facilities and completion of a wellhead platform. More recently, AFC signed a Memorandum of Understanding in 2020 with the Tunisia Africa Business Council aimed primarily at opening up AFC financing to Tunisian companies to allow for the development of core infrastructure as a pillar for economic growth in Tunisia and the rest of Africa.

Commenting on Tunisia’s accession, AFC President, and CEO, Samaila Zubairu stated: “I am delighted to welcome the Republic of Tunisia as the newest member of AFC. As AFC celebrates 15 years of operations, we are committed to broadening our impact as the reliable and resilient bridge to a prosperous African future by delivering instrumental infrastructure that increases productivity and drives economic growth and sustainable development. We look forward to supporting Tunisia to unlock its next phase of growth and job creation”.

Minister of Economy and Planning, Hon. Samir Saied also commented: “The government’s current priorities are political stability, economic recovery and diversification, and sustainable growth. Significant progress in policy reforms has been made by the government to encourage investment in the country as we see private sector funding and support to be pivotal in achieving this goal. AFC’s track record bodes well for us as we see the AFC as partners that would work with us to deliver on bankable infrastructure projects in sectors with high growth potential and great development impact”.

ENDS.

Notes to Editors

About AFC

AFC was established in 2007 to be the catalyst for private sector-led infrastructure investment across Africa. It is the second highest investment grade rated multilateral financial institution in Africa. AFC’s approach combines specialist industry expertise with a focus on financial and technical advisory, project structuring, project development and risk capital to address Africa’s infrastructure development needs and drive sustainable economic growth. AFC invests in high-quality infrastructure assets that provide essential services in the core infrastructure sectors of power, natural resources, heavy industry, transport, and telecommunications. To date, the Corporation has invested US$10 billion in projects in 35 countries across Africa. www.africafc.org

Marlynie Moodley
Senior Vice President, Communications
Africa Finance Corporation
Mobile : +27(0) 82 564 2457
Email : This email address is being protected from spambots. You need JavaScript enabled to view it.

DAYTON, Ohio--(BUSINESS WIRE)--REX American Resources Corporation (NYSE: REX) (“REX” or “the Company”) today reported financial results for its fiscal 2022 first quarter (“Q1 ‘22”) ended April 30, 2022. REX management will host a conference call and webcast today at 11:00 a.m. ET.

REX American Resources’ Q1 ‘22 results principally reflect its interests in six ethanol production facilities. The One Earth Energy, LLC (“One Earth”) and NuGen Energy, LLC (“NuGen”) ethanol production facilities are consolidated, while the four other ethanol plants are reported as equity in income of unconsolidated ethanol affiliates. The Company reports results for its ethanol and by-products as continuing operations and beginning in the third quarter of fiscal 2021 its refined coal as discontinued operations as operations ceased on November 18, 2021.

REX’s Q1 ‘22 net sales and revenue were $194.2 million, compared with $164.0 million in Q1 ‘21. The year-over-year net sales and revenue increase primarily reflects higher pricing of ethanol, dried distillers grains, non-food grade corn oil and modified distillers grains, while cost of sales increased due to pricing pressures across corn and natural gas prices. This led to Q1 ‘22 gross profit decline for the Company’s continuing operations to $11.9 million, compared with $19.5 million in Q1 ‘21. As a result, the Company reported Q1 ‘22 income before income taxes and non-controlling interests of $8.8 million, compared with income before income taxes and non-controlling interests of $10.2 million in the comparable year ago period.

Net income attributable to REX shareholders in Q1 ‘22 was $5.2 million, compared to net income of $7.8 million in Q1 ‘21. Q1 ‘22 basic and diluted net income per share attributable to REX common shareholders was $0.87, compared to net income per share of $1.30 in Q1 ‘21. Per share results in Q1 ‘22 and Q1 ‘21 are based on 5,945,000 and 6,010,000 diluted weighted average shares outstanding, respectively.

REX American Resources’ Chief Executive Officer, Zafar Rizvi, commented, “We are pleased with our start to fiscal 2022 as we managed through significant headwinds, including inflationary impacts on our major input costs, and logistical challenges. Despite this, we generated earnings of $0.87 per share, reflecting the success of our operating strategies, our plants' efficiency, and the expertise of our team.

"Looking ahead, we remain focused on strategically leveraging our financial resources to create added shareholder value. In particular, we continue to make progress on our carbon capture project, and evaluate other opportunities.”

Balance Sheet

At April 30, 2022, REX had cash, cash equivalents and short-term investments of $234.0 million, $39.0 million of which was at the parent company, and $195.0 million of which was at its consolidated production facilities. This compares with cash, cash equivalents and short-term investments at January 31, 2022, of $255.7 million, $42.9 million of which was at the parent company, and $212.8 million of which was at its consolidated ethanol production facilities.

First Quarter Conference Call

REX will host a conference call at 11:00 a.m. ET today. Senior management will discuss the quarterly financial results and host a question and answer session. The dial in number for the audio conference call is 415/226-5357 (domestic and international callers).

Participants can also listen to a live webcast of the call on the Company’s website, www.rexamerican.com. A webcast replay will be available for 30 days following the live event.

About REX American Resources Corporation

REX American Resources has interests in six ethanol production facilities, which in aggregate shipped approximately 700 million gallons of ethanol over the twelve-month period ended April 30, 2022. REX’s effective ownership of the trailing twelve-month gallons shipped (for the twelve months ended April 30, 2022) by the ethanol production facilities in which it has ownership interests was approximately 277 million gallons. Further information about REX is available at www.rexamerican.com.

This news announcement contains or may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements can be identified by use of forward-looking terminology such as “may,” “expect,” “believe,” “estimate,” “anticipate” or “continue” or the negative thereof or other variations thereon or comparable terminology. Readers are cautioned that there are risks and uncertainties that could cause actual events or results to differ materially from those referred to in such forward-looking statements. These risks and uncertainties include the risk factors set forth from time to time in the Company’s filings with the Securities and Exchange Commission and include among other things: the effect of pandemics such as COVID-19 on the Company’s business operations, including impacts on supplies, demand, personnel and other factors, the impact of legislative and regulatory changes, the price volatility and availability of corn, distillers grains, ethanol, non-food grade corn oil, commodity market risk, gasoline and natural gas, ethanol plants operating efficiently and according to forecasts and projections, logistical interruptions, changes in the international, national or regional economies, the impact of inflation, the ability to attract employees, weather, results of income tax audits, changes in income tax laws or regulations, the impact of U.S. foreign trade policy, changes in foreign currency exchange rates and the effects of terrorism or acts of war. The Company does not intend to update publicly any forward-looking statements except as required by law.

- balance sheets follow -

- statements of cash flows follow -

Douglas Bruggeman
Chief Financial Officer
(937) 276‑3931

Joseph Jaffoni, Norberto Aja
JCIR
(212) 835-8500 / This email address is being protected from spambots. You need JavaScript enabled to view it.

Grassroots award recognizes activists from Thailand, Australia, Nigeria, the Netherlands, Ecuador, and the United States

Virtual ceremony to take place on May 25, 2022, at 5:00 pm PDT, featuring Jane Fonda as host, musical guests Angélique Kidjo and the Detroit Youth Choir, narration by Sigourney Weaver, and a special appearance from Dr. Jane Goodall

SAN FRANCISCO--(BUSINESS WIRE)--The Goldman Environmental Foundation today announced seven recipients of the 2022 Goldman Environmental Prize, the world’s foremost award for grassroots environmental activists.

Awarded annually to environmental heroes from each of the world’s six inhabited continental regions, the Goldman Environmental Prize honors the achievements and leadership of grassroots environmental activists from around the world, inspiring all of us to take action to protect our planet.

The Prize was founded in 1989 in San Francisco by philanthropists and civic leaders Rhoda and Richard Goldman. In 33 years, the Prize has had an immeasurable impact on the planet. To date, the Prize has honored 213 winners—including 95 women—from 93 nations.

“While the many challenges before us can feel daunting, and at times make us lose faith, these seven leaders give us a reason for hope and remind us what can be accomplished in the face of adversity,” said Jennifer Goldman Wallis, vice president of the Goldman Environmental Foundation. “The Prize winners show us that nature has the amazing capability to regenerate if given the opportunity. Let us all feel inspired to channel their victories into regenerating our own spirit and act to protect our planet for future generations.”

Normally, Prize winners are awarded the Prize in person at a ceremony at the San Francisco Opera House in April, but this year, in light of the pandemic, the Prize will be awarded virtually and broadcast online on May 25, 2022. The event will be streamed on YouTube and Facebook. Guests can register for the event here: rsvp.goldmanprize.org/2022.

This year’s winners are:

AFRICA
Chima Williams, Nigeria
In the aftermath of disastrous oil spills in Nigeria, environmental lawyer Chima Williams worked with two communities to hold Royal Dutch Shell accountable for the resultant widespread environmental damage. On January 29, 2021, the Court of Appeal of the Hague ruled that not only was Royal Dutch Shell’s Nigerian subsidiary responsible for the oil spills, but, as parent company, Royal Dutch Shell also had an obligation to prevent the spills. This is the first time a Dutch transnational corporation has been held accountable for the violations of its subsidiary in another country, opening Shell to legal action from communities across Nigeria devastated by the company’s disregard for environmental safety.

ASIA
Niwat Roykaew, Thailand
In February 2020, Niwat Roykaew and the Mekong community’s advocacy resulted in the termination of the China-led Upper Mekong River rapids blasting project, which would have destroyed 248 miles of the Mekong to deepen navigation channels for Chinese cargo ships traveling downstream. Flowing 3,000 miles from the mountains of Tibet before draining to the South China Sea, the biodiversity-rich Mekong River’s fisheries, tributaries, wetlands, and floodplains are a vital lifeline for more than 65 million people. This is the first time the Thai government has canceled a transboundary project because of the environmental destruction it would cause.

EUROPE
Marjan Minnesma, the Netherlands
In a groundbreaking victory, Marjan Minnesma leveraged public input and a unique legal strategy to secure a successful ruling against the Dutch government, requiring it to enact specific preventive measures against climate change. In December 2019, the Dutch Supreme Court ruled that the government had a legal obligation to protect its citizens from climate change and ordered it, by the end of 2020, to slash greenhouse gas emissions by 25% below 1990 levels. The Netherlands’ Supreme Court decision marks the first time that citizens succeeded in holding their government accountable for its failure to protect them from climate change.

ISLANDS AND ISLAND NATIONS
Julien Vincent, Australia
Julien Vincent led a successful grassroots campaign to defund coal in Australia, a major coal exporter, culminating in commitments from the nation’s four largest banks to end funding for coal projects by 2030. Because of Julien’s activism, Australia’s major insurance companies have also agreed to cease underwriting new coal projects. His organizing has produced a challenging financial landscape for the Australian coal industry, a significant step toward reducing fossil fuels that hasten climate change.

NORTH AMERICA
Nalleli Cobo, United States
Nalleli Cobo led a community coalition to permanently shut down a toxic oil-drilling site in her community in March 2020, at the age of 19—an oil site that caused serious health issues for her and others. Her community’s continued organizing against urban oil extraction has now yielded major policy movement within both the Los Angeles City Council and Los Angeles County Board of Supervisors, which voted unanimously to ban new oil exploration and phase out of existing sites.

SOUTH AND CENTRAL AMERICA
Alex Lucitante and Alexandra Narvaez, Ecuador
Alex Lucitante and Alexandra Narvaez spearheaded an Indigenous movement to protect their people’s ancestral territory from gold mining. Their leadership resulted in a historic legal victory in October 2018, when Ecuador’s courts canceled 52 illegal gold mining concessions, which were illegally granted without the consent of their Cofán community. The community’s legal success protects 79,000 acres of pristine, biodiverse rainforest in the headwaters of Ecuador’s Aguarico River, which is sacred to the Cofán.

ATTENTION EDITORS: Detailed biographical information, photographs, and video of all the winners are available by request or online at goldmanprize.org/media-room/.

About the Goldman Environmental Prize

The Goldman Environmental Prize was established in 1989 by late San Francisco civic leaders and philanthropists Richard and Rhoda Goldman. Prize winners are selected by an international jury from confidential nominations submitted by a worldwide network of environmental organizations and individuals.

For U.S. media inquiries: Emily Nauseda, This email address is being protected from spambots. You need JavaScript enabled to view it., +1 408-688-7227
For Europe/UK media inquiries: Simon Forrester, This email address is being protected from spambots. You need JavaScript enabled to view it., + 44 (0)7932 755515

First Study Launched in Concert with EPRI’s Climate READi™: Power Initiative

CHICAGO--(BUSINESS WIRE)--ComEd, in partnership with the U.S. Department of Energy’s (DOE) Argonne National Laboratory’s Center for Climate Resilience and Decision Science, today announced it is launching a comprehensive Climate Risk and Adaptation Study, which will examine the impact of changing weather due to climate change, including sustained heat and flooding risk, on the design and performance of the power grid in the region. This is the first study to be launched in concert with the Electric Power Research Institute’s (EPRI) Climate READi™: Power (REsilience and ADaptation initiative), a recently announced, three-year global program on climate change risk. ComEd’s parent company, Exelon Corporation, is one of 13 founding members of the initiative.

The collaboration between ComEd, Argonne and EPRI will build upon established climate science and industry best practices to help ComEd plan and build infrastructure that is more resilient to the climate changes that pose growing risks to the grid. This will be the first climate adaptation study in the region and one of the only studies in the nation to incorporate the impact of increased electrification into the climate risk planning process. The study will further inform ComEd’s grid plans, including the company’s Multi-Year Integrated Grid Plan, which will be filed with the Illinois Commerce Commission (ICC) in January 2023 as required by the Climate and Equitable Jobs Act (CEJA).

“Families and businesses in northern Illinois have a front-row seat to the increasingly severe weather caused by climate change, which has brought record-breaking temperature swings, historic tornadoes and hurricane-strength winds that continue to test the resiliency of the power grid and the reliable energy our customers have come to expect,” said ComEd CEO Gil Quiniones. “As we plan the future grid investments required to enable the state’s clean energy transition, it is essential that we fully understand future grid challenges – including the impact of climate change and electrification – to ensure our grid can adapt to changing conditions and maintain our outstanding system reliability and resiliency. We expect that the final report of this study will be released no later than the filing of our new Grid Plan so that our customers and other grid stakeholders can also consider it.”

Many parts of the grid are impacted by weather conditions, including heat, wind, flooding and icing. New weather patterns will test the limits of existing utility equipment standards and will create a challenging operational environment. At the same time, decarbonization efforts like electrification will place even more reliance on the grid as electricity demand increases in transportation, buildings, and industry.

"Argonne's partnership with ComEd shows what's possible when science and industry work together for climate resiliency," said Argonne Director Paul Kearns. “It's exciting to see that our collaboration supports effective planning for ComEd and the communities it serves with the application of our climate, infrastructure, and decision science capabilities. Ultimately, our shared goal is to provide clean, affordable, reliable power that households and businesses depend on, and ensure they are prepared for whatever future climate events unfold.”

Argonne’s analysis of future climate conditions for Northern Illinois will help ComEd to select the most effective and efficient methods for adapting to the impacts, bringing new insights to ComEd’s industry-leading grid planning practices. To understand how changing weather will impact the grid, Argonne researchers will use two climate risk pathways to identify scenarios that would exceed current design standards. Today’s best practices in grid planning look at historical weather, but climate change forces the utilities to look into the future and anticipate unprecedented weather conditions. This close collaboration between climate scientists, risk analysts and power systems engineers will help ComEd to ensure that the grid is ready to meet customers’ needs for years to come.

Climate READi, launched in late April, will convene global thought leaders and industry stakeholders to develop a common framework to address power system climate resilience and adaptation. The Climate READi framework produced from this effort will embody one of the most comprehensive, integrated approaches to physical climate risk assessment.

“As extreme weather events increase in frequency and intensity, along with society’s dependence on electricity, it will require significant proactive planning and collaboration among the energy sector and its stakeholders,” said EPRI President and CEO Arshad Mansoor. “This Climate Risk and Adaptation Study will play an integral role in informing ComEd and its partners how to prepare for the changing weather and climate of the future. We applaud ComEd for its proactive participation and look forward to working with it and other partners on this important effort, which could serve as a blueprint for a more resilient energy system as part of the clean, affordable and reliable clean energy future.”

As the nation’s utilities are increasingly challenged by severe weather associated with climate change, ComEd in the first three months of 2022 delivered its most reliable service on record for any first quarter in the company’s history. Since starting smart grid investments in 2012, ComEd has avoided more than 17 million customer interruptions due in part to smart grid and system improvements, including digital “smart switches” that automatically reroute power around potential problem areas. These investments have helped save customers more than $3 billion in avoided outages and many millions more through efficiencies created by technologies like smart meters that help resolve outages remotely.

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

NEW YORK & OSLO, Norway & LUXEMBOURG--(BUSINESS WIRE)--FREYR Battery (NYSE: FREY) (“FREYR”), a developer of clean, next-generation battery cell production capacity, has signed a binding Heads of Terms with Statkraft, Europe’s largest producer of renewable energy. The Heads of Terms is expected to be finalized as a long-term physical supply agreement, with the ambition to secure a long-term supply of renewable power under globally competitive terms for FREYR’s planned battery cell production project in Mo i Rana, Norway.

The Heads of Terms and related energy services from Statkraft is projected to cover all of FREYR’s currently anticipated electricity needs for the period of 2024-2031 and to ensure physical delivery of energy from the central grid in Mo i Rana to FREYR’s Customer Qualification Plant (“CQP”) and combined Gigafactory 1 & 2. During this period, Statkraft commits to providing up to 23 MW baseload with an accumulated delivery of 1.4 TWh over the contract period to FREYR, as well as the provision of Guarantees of Origin to document that the power is sourced from Statkraft’s hydropower assets in the region.

“Our ambition is to produce clean battery cells, and a key element of our strategy is to power our operations with renewable energy. This agreement with Statkraft ensures that our production facilities in Mo i Rana will have a steady, long-term supply of hydropower from local sources – keeping our carbon footprint to a minimum as we speed forward to full operations,” said Tove Nilsen Ljungquist, EVP Operations of FREYR.

“Statkraft contributes to the green shift by providing renewable power to existing customers and new industrial entrants around the world. We are happy to support the establishment of FREYR’s battery cell facility in Northern Norway, enabling green jobs and use of local resources. Together with flexible hydropower, batteries are essential for a net zero future,” says EVP Market & IT in Statkraft, Hallvard Granheim.

Under the Heads of Terms, the renewable energy for FREYR’s production site will be sourced from Statkraft’s hydropower plant “Rana.” Rana is 100 percent Statkraft-owned with a capacity of 500 MW and annual generation of approximately 2,150 GWh. The proximity of Statkraft’s hydropower plant to FREYR’s planned production facilities in Mo i Rana is consistent with FREYR’s ambition to establish its operations in areas with an ample, local supply of clean energy.

About Statkraft

Statkraft is a leading company in hydropower internationally and Europe’s largest generator of renewable energy. The Group produces hydropower, wind power, solar power, gas-fired power and supplies district heating. Statkraft is a global company in energy market operations. Statkraft has 4,800 employees in 19 countries.

About FREYR Battery

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

Cautionary Statement Concerning Forward-Looking Statements

All statements, other than statements of present or historical fact included in this press release, including, without limitation, statements regarding (i) any potential benefits from the long-term physical supply agreement, including Statkraft’s supply and timely delivery of electricity sourced from renewable energy assets under competitive terms, (ii) the development, timeline, capacity, and other usefulness of FREYR’s planned battery cell production plants and battery development strategy and (iii) FREYR’s ambition and ability to establish operations with renewable energy from local sources and keep its carbon footprint to a minimum are forward-looking and involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results.

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

Investor contact:
Jeffrey Spittel
Vice President, Investor Relations
This email address is being protected from spambots. You need JavaScript enabled to view it.
Tel: (+1) 281-222-0161

Media contact:
Katrin Berntsen
Vice President, Communication and Public Affairs, FREYR
This email address is being protected from spambots. You need JavaScript enabled to view it.
Tel: (+47) 920 54 570

Lars Magnus Günther
Press spokesperson, Statkraft AS
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Tel: (+47) 912 41 636

With fresh capital, Canes will be well positioned to grow Cogent’s Midland Basin footprint and provide producers with best-in-class service

DALLAS--(BUSINESS WIRE)--Canes Midstream LLC (“Canes”), a Dallas-based portfolio company of EIV Capital and Denham Capital, has closed on the acquisition of Cogent Midstream LLC (“Cogent”). The Cogent assets, located in the Southern Midland Basin, include 520 million cubic feet per day of processing capacity, over 800 miles of pipelines, 42 compressor stations, a crude oil gathering system, and substantial acreage dedications from a diverse group of Midland Basin-focused producers. The Cogent system spans 10 counties in the Midland Basin, with the bulk of the infrastructure in Reagan and Irion counties.

Scott Brown, Founder and CEO of Canes, stated, “I was with these assets at inception and am excited to return and continue to grow them. With our newer facilities and the significant capital invested by Cogent to date, we are well positioned to grow the system and provide best-in-class midstream services to our existing and future customers. I believe Canes will be the preferred midstream service provider in the Southern Midland Basin.”

“We are thrilled to expand our partnership with Canes and are confident Scott’s familiarity with the team and assets position the Cogent system to be the midstream provider of choice in the area. With fresh capital, Canes will continue to expand the system and support Permian production growth,” said Greg Davis, Partner at EIV.

James Obulaney, Managing Director of Denham, said, “Canes, via this acquisition, is well positioned to drive differentiated outcomes for area producers. We look forward to supporting Scott and team as they grow this tier-1 system to service new and existing customers in the Permian Basin.”

Wells Fargo Securities, LLC acted as exclusive financial advisor and Sidley Austin LLP acted as corporate counsel to Canes. BofA Securities served as exclusive financial advisor to Cogent.

About Canes Midstream LLC

Headquartered in Dallas, TX and founded in 2019, Canes Midstream LLC is a midstream oil and gas company that offers a full suite of midstream services to our customers. Canes’ management has been focused on gas gathering and processing as well as crude oil gathering their entire careers. For more information, visit www.canesmidstream.com.

About EIV Capital

Founded in 2009, EIV Capital is a Houston, Texas-based private equity firm specializing in providing growth equity to the North American energy industry. EIV Capital focuses on investments in businesses which create value through infrastructure, innovation or efficiency. The firm’s management has extensive experience leading and investing in successful companies across the energy value chain. For more information, visit www.eivcapital.com

About Denham Capital

Denham Capital is a leading energy, resources and sustainable infrastructure-focused investment firm with more than $12 billion of invested and committed capital across multiple fund vehicles since inception, and offices in London, Boston, Houston, Toronto, Jersey City, and Perth. The firm makes direct equity and debt investments in the energy, resources and infrastructure sectors, including businesses involving renewable power, energy resource development, and mining, across the globe. Denham’s investment professionals apply deep operational and industry experience and work in partnership with entrepreneurs and management teams to achieve long-term investment objectives. For more information about Denham Capital, visit www.denhamcapital.com.

Canes Midstream LLC
Meredith Hargrove Howard
Redbird Communications Group
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210-737-4478

OSLO, Norway--(BUSINESS WIRE)--The 11th-15th June, people from all over the world will travel to Oslo, the world’s leading player in electric mobility, to participate in this year’s biggest conference and symposium on Electric Mobility – EVS35.

EVS is highly renowned as the most important conference and meeting place for the EV industry in the world. The conference gathers policymakers, representatives from industry, relevant research communities and NGOs, and is the most important international networking arena for stakeholders globally.

Link to program: https://evs35oslo.org/plenary-sessions/

Link to speakers page: https://evs35oslo.org/category/speakers/

The EVS35 will begin in the weekend June 11^th-12^th with Oslo Elbil Expo, a public event with ride&drive, exhibition, Fully Charged Show with Jack Scarlett. Followed by the EVS35 Conference and Symposium June 13^th-15^th.

• At the Official Opening Ceremony, Michael Wood, Minister of Transport, New Zealand, Espen Barth Eide, Minister for climate and environment, Norway, and Charlotte Smith, Zero Emission children’s health campaigner, EV, will be speaking among others

• The conference program will e.g. be focusing on the battery revolution with battery producers and recyclers, the Finish Minister of Economic Affairs and Amnesty International present

• All the latest Electro Mobility technology will be present as well as new EV launches from brands like VinFast (first EV launch in Europe), Xpeng and Polestar with their new O2 model

• Vehicle manufactures such as Scania, Enride, Volvo Busses and Teeva will be present speaking with high level speakers

• Tesla will be present as EVS35 conference speaker

The International Electric Symposium & Exhibition (EVS35) is a joint effort by the world’s biggest EV Association, Norwegian EV Association, organizing over 110.000 EV drivers in collaboration with The European Association for Electromobility (AVERE) and NOVA Spektrum. Behind the EVS global conferences are:

• World Electric Vehicle Association (WEVA)

• American, Electric Drive Transportation Association (EDTA)

• European, The European Association for Electromobility (AVERE)

• Asian, Electric Vehicle Association of Asia Pacific (EVAAP)

Please contact This email address is being protected from spambots. You need JavaScript enabled to view it. if you or any one from your media organization wish to obtain a free EVS35 media accreditation (press only).

We hope to see you in the EV capital of the world, Oslo, this June.

Simon Dyhr
Norwegian EV Association
Mobile.: +47 4889 8590
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
Web: EVS35.org

Following appointment of Bruce Stewart as CEO in March, Perch Energy continues to add top talent with the addition of energy industry veteran Sencelia Reynolds as COO; and Georgina Arreola moves to new role as VP of Policy

BOSTON--(BUSINESS WIRE)--Perch Energy (or “Perch”), a clean energy tech services platform and leading provider of community solar services, today announced the appointment of Sencelia Reynolds as Chief Operating Officer and Georgina Arreola as Vice President of Policy. Combined with the appointment of Bruce Stewart as CEO in March, Reynolds and Arreola add decades of experience to an expanding leadership team that will drive the company’s continued growth. The new appointments also represent Perch's commitment to gender equity in the workplace.

As Chief Operating Officer, Reynolds will focus on scaling operations, optimizing back-office processes, and leading platform improvements to drive an ever-improving customer experience geared towards supporting customer growth. She has extensive experience in customer operations, utility relations, pricing, and customer care. Reynolds brings over a decade of experience in the energy industry. Prior to joining Perch, Reynolds served as Chief Operating Officer at Centricity, Head of Operations and Head of Energy Pricing at Direct Energy, and Manager of Power and Natural Gas Operations at Santanna Energy Services.

“As a leading player in this evolving industry, Perch is focused on delivering value to our solar developer and asset owner partners and promoting community solar to consumers,” said Reynolds. “A best-in-class service and customer care experience is essential to accelerating the adoption of community solar. I look forward to focusing my industry experience to help expand consumer access to clean energy by scaling and improving the customer experience.”

As Vice President of Policy, Georgina Arreola will lead the expansion of Perch’s new policy and regulatory team, supporting the growth of community solar by playing a constructive role in policy debates. Arreola and the policy team will also help influence program design, increase consumer protection and advocate for greater inclusion of low-to-moderate income communities as beneficiaries. In her previous role serving as Perch's Vice President of Operations, she focused on removing barriers and identifying best practices for managing community solar projects. Arreola has over a decade of experience in research and policy advocacy within the renewable energy industry, including a seven-year tenure at the Center for Sustainable Energy, where she led numerous research and policy efforts working with key stakeholders like the California Air Resources Board, the California Energy Commission, Department of Energy, NYSERDA, Mass DOER, NREL, and more.

"I look forward to leading the growth of our policy and regulatory team as we engage with policy leaders and key stakeholders to offer practical recommendations and solutions to guide the creation of effective community solar programs," said Arreola.

"Following our recent funding round, we are continuing to make key investments in both our technology platform and the talent needed to accelerate the shift to clean energy and enable access to community solar for households and business consumers across the country," said Bruce Stewart, CEO of Perch Energy. "I am very pleased to welcome Sencelia to lead our operations team at Perch and bring onboard her expertise honed from growing, managing, and transforming partner and operations services for millions of energy customers. I am likewise pleased to have Georgina's policy, regulatory and advocacy skills fully dedicated to driving the expansion of community solar in existing and new markets. Georgina will also advise our solar partners and offer policy insights to facilitate investments in solar projects that deliver renewable energy benefits to local communities and customers,” said Stewart.

These two appointments build on Perch’s announcement in March of a $7.2 million round of Series A funding. Since the start of this year, Perch has continued to expand its business and will continue to add talent and resources to build upon its industry-leading clean energy tech services and management platform, and to accelerate the growth of its community solar services business into an expanding list of U.S. markets.

About Perch Energy
Perch Energy is a Boston-based clean energy tech and services company that offers a diverse set of products and services for homeowners, renters, businesses, and solar farm owners. From Perch’s community solar project support team, which is dedicated to effective customer onboarding, billing, and engagement, to its automated platform which makes it easy for customers to customize their energy mix and savings — Perch is on a mission to make clean energy options more accessible, more affordable and more equitable for all. Learn more at www.perchenergy.com and follow Perch Energy on Linkedin: http://linkedin.com/company/perchenergy.

Media:
Kenneth Gayles
Antenna Group for Perch Energy
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BERLIN--(BUSINESS WIRE)--#CO2Removal--Green hydrogen is key to achieving a circular economy. Graforce has developed a plasma electrolysis technology that can produce hydrogen from residual materials – with significantly lower manufacturing costs and higher yields. Graforce will be demonstrating its marketable methane and wastewater electrolysis plants and refueling systems at IFAT, the world’s leading trade fair for water, sewage and waste management. They demonstrate the immense market potential of green hydrogen and the range of applications for CO₂-free or even CO₂-negative energy and fuel.

Green hydrogen is projected to have a game changing impact in the mobility, industry, and decentralized energy segments. It plays an important role in meeting global climate goals. The global hydrogen market is forecast to grow by a factor of 6 by 2050. Germany makes up 20 percent of the current European hydrogen consumption and is also forecast to remain the largest hydrogen off-take market in the EU, driven by strong decarbonization commitments across sectors.

The production of hydrogen using plasma electrolysis requires considerably less energy than water electrolysis and leads to significant cost reductions. Whereas water electrolysis needs 50kWh/kg H_2, the production of 1kg hydrogen from methane takes only 10kWh or 20kWh from wastewater.

“Whether as fuel, heat source or a raw material, green hydrogen can make a significant contribution to achieving climate targets in many industries,” explains Dr. Jens Hanke. “Our plants produce green hydrogen from methane, wastewater, liquid manure or ammonia. We thus close energy and material cycles and make a significant contribution to a future without fossil fuels and CO₂ emissions. And we deliver this quickly and cost-effectively."

For the development and customer-specific scaling of its modular plants, Graforce works with global leaders in the fields of engineering, procurement, and construction. The company is currently in the process of expanding its strategic partnerships with financial as well as strategic investors to quickly scale its technology worldwide.

About

The German company Graforce is a technology leader in sustainable solutions and carbon dioxide removal technologies. The power-to-X plants produce CO₂-free or CO₂-negative hydrogen and synthetic feedstocks – with the highest efficiency and lower infrastructure costs in the multi-megawatt range. Thus, Graforce decarbonizes fossil energies, industrial sectors and the heat, transport and building sectors. www.graforce.com/EN

Graforce GmbH
Dr. Jens Hanke
Phone: +49 30 - 63 2222-110
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HOUSTON--(BUSINESS WIRE)--Cheniere Energy, Inc. (“Cheniere” or the “Company”) (NYSE American: LNG) announced today that its subsidiary, Cheniere Marketing, LLC (“Cheniere Marketing”), has entered into a liquefied natural gas (“LNG”) sale and purchase agreement (“SPA”) with POSCO International Corporation (“POSCO International”), a subsidiary of POSCO Holdings, Inc., South Korea’s largest steelmaker and owner of South Korea’s first private LNG terminal.

Under the SPA, POSCO International has agreed to purchase approximately 0.4 million tonnes per annum (“mtpa”) of LNG from Cheniere Marketing on a free-on-board basis for a term of 20 years beginning in late 2026. The purchase price for LNG under the SPA is indexed to the Henry Hub price, plus a fixed liquefaction fee.

“We are pleased to enter into this long-term LNG contract with POSCO International, a key player in the global industrial complex, and we look forward to a successful, long-term relationship with POSCO International as a customer,” said Jack Fusco, Cheniere’s President and Chief Executive Officer. “The signing of this SPA further evidences the growing demand for long-term LNG supply and highlights Cheniere’s leadership in providing flexible, cleaner burning energy supply to meet both the energy security needs and environmental goals of our customers. The SPA is expected to provide additional support to the Corpus Christi Stage III Project, on which we expect to reach FID this summer.”

The SPA is subject to Cheniere making a positive final investment decision to construct the Corpus Christi Stage III Project. The Corpus Christi Stage III Project is being developed to include up to seven midscale liquefaction trains with a total expected nominal production capacity of over 10 mtpa.

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.

About POSCO International Corporation

POSCO International Corporation is one of South Korea’s leading companies and is engaged in the trading of steel, chemical, electronic and automobile products, as well as energy resource and infrastructure development. POSCO International was formerly known as POSCO Daewoo Corporation and changed its name to POSCO International Corporation in March 2019. POSCO International was founded in 1967 and is headquartered in Incheon, South Korea.

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.

Investors
Randy Bhatia, 713-375-5479
Frances Smith, 713-375-5753

Media Relations
Eben Burnham-Snyder, 713-375-5764
Phil West, 713-375-5586

LONDON (IRELAND, ADGM)--(BUSINESS WIRE)--Citi has announced the launch of new deposit solutions designed to assist clients in investing excess cash as part of their sustainability agenda.

The two new deposits – Sustainable Time Deposit (TD) and Sustainable Minimum Maturity Time Deposits (MMTD) - deliver competitive yields and are based upon Citi’s green and social bond frameworks, supporting the Sustainable Development Goals (SDGs).

Czeslaw Piasek, EMEA Head of Liquidity Management Services, Treasury and Trade Solutions, Citi, commented: “Sustainability is no longer an executive level only discussion. Finance and treasury departments can play a strategic role in helping their firms to deliver on Environment, Social and Governance (ESG) -related goals and become more sustainable businesses. Our new series of deposit solutions reflect Citi’s commitment to helping our clients advance ESG commitments in their treasuries through a range of sustainable financing- and ESG-linked investment services.”

Funds invested into the deposits are allocated to finance or refinance assets in a portfolio of eligible green and/or social finance projects, based on criteria set in the Citi Green Bond Framework, Social Finance Framework and Social Bond for Affordable Housing Framework.

Types of projects being financed include:

• Green projects including renewable energy, energy efficiency, sustainable transportation, green building, and water quality and conservation.
• Social projects that expand access for low-income communities and women in emerging markets including affordable basic infrastructure for water/sanitation and digital connectivity, as well as essential services such as healthcare, education, affordable housing, and financing for entrepreneurs and smallholder farmers.
• Affordable Housing projects in the U.S. including the construction, rehabilitation, and/or preservation for low and moderate income populations.

David Tsui, EMEA Head of Deposits and Investments Products, Treasury and Trade Solutions, Citi, added “The expansion of our sustainable product suite is one of the steps we are taking to provide more comprehensive sustainable cash management solutions to clients. We are delighted to be partnering with treasurers to explore new and innovative ways to support their sustainability objectives.”

Both deposits are now available in the U.K., Ireland, and Abu Dhabi.

Citi’s Frameworks are aligned with the recommendation of the International Capital Market Association’s Green Bond Principles and Social Bond Principles and have been assessed by a leading independent ESG and corporate governance research, ratings, and analytics firm.

As cash deposit transactions, TD or MMTD are not securities and the return of the TDs and MMTDs are not linked to the return of the underlying assets.

-ENDS-

About Citi’s Treasury and Trade Solutions

Citi Treasury and Trade Solutions (TTS) enables our clients' success by providing an integrated suite of innovative and tailored cash management and trade finance services to multinational corporations, financial institutions and public sector organizations across the globe. Based on the foundation of the industry's largest proprietary network with banking licenses in over 90 countries and globally integrated technology platforms, TTS continues to lead the way in offering the industry's most comprehensive range of digitally enabled treasury, trade and liquidity management solutions.

About Citi

Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.

Remarks

There is currently no market consensus when assessing whether or not a product can be classified as 'sustainable'. The legislation and regulatory landscape is undergoing rapid changes which could affect Citi's position when considering its investments in certain assets. Citi may re-evaluate its asset pools, and all applicable eligibility requirements in the future following regulatory developments; this is to ensure compliance with legal requirements when qualifying an asset as 'sustainable'. To the extent any such changes are made, the updated framework will be published on https://www.citigroup.com/citi/fixedincome/csd_securities.htm.

Additional information may be found at www.citigroup.com | Twitter: @Citi | YouTube: www.youtube.com/citi | Blog: https://blog.citigroup.com/ | Facebook: www.facebook.com/citi | LinkedIn:www.linkedin.com/company/citi

Media:
Belinda Marks This email address is being protected from spambots. You need JavaScript enabled to view it.

DUBLIN--(BUSINESS WIRE)--The "Self-Guided Torpedo Market by Product, Type and Application: Global Opportunity Analysis and Industry Forecast, 2021-2030" report has been added to ResearchAndMarkets.com's offering.

This study presents analytical depiction of the global self-guided torpedo market analysis along with the current trends and future estimations to depict imminent investment pockets.

A torpedo is a long-range underwater weapon that can be launched below or above the water's surface. Torpedoes have the ability to self-propel towards a target with an explosive warhead designed to ignite in close proximity or impact with the target. Because of the growing demand from aircraft to carry light weight torpedo in large quantities, the manufacturing of lightweight torpedo has expanded.

This factor is responsible for propelling the self-guided torpedo market during the forecast timeframe. In addition to this, because of its self-propelled and self-guided qualities, the employment of torpedoes will continue to proliferate as underwater combat becomes more common. Increased underwater warfare is expected to open up prospects for competitors in the self-guided torpedo sector.

For the purpose of analysis, the report segments the global self-guided torpedo market based on product, type, application, and region. The report outlines the details about major products of self-guided torpedo, which include acoustic homing torpedo and wake homing torpedo.

In addition, the study provides the information about various self-guided torpedo applications such as naval vessel-launched torpedo and aerial platform-launched torpedo. Moreover, it analyzes the current market trends of self-guided torpedo across different regions such as North America, Europe, Asia-Pacific, and LAMEA and suggests the future growth opportunities by analyzing the government regulations & policies.

Key Benefits

• The overall self-guided torpedo market opportunity is determined by understanding profitable trends to gain a stronger foothold.
• The report presents information related to the key drivers, restraints, and opportunities of the global self-guided torpedo market with a detailed impact analysis.
• The current self-guided torpedo market is quantitatively analyzed from 2020 to 2030 to benchmark the financial competency.
• Porter's five forces analysis illustrates the potency of the buyers and suppliers in the industry.

Key Players

• ATLAS ELEKTRONIK GmbH
• BAE Systems plc
• Honeywell International Inc.
• Leonardo S.p.A.
• Lockheed Martin Corporation
• Mitsubishi Heavy Industries, Ltd.
• Naval Group
• Northrop Grumman Corporation
• Raytheon Technologies Corporation
• SAAB AB

Key Topics Covered:

CHAPTER 1: INTRODUCTION

1.1. Report description

1.2. Key benefits for stakeholders

1.3. Key market segments

1.4. Research methodology

CHAPTER 2: EXECUTIVE SUMMARY

2.1. CXO perspective

CHAPTER 3: MARKET OVERVIEW

3.1. Market definition and scope

3.2. Key findings

3.2.1. Top impacting factors

3.2.2. Top investment pockets

3.2.3. Top winning strategies

3.3. Porter's five forces analysis

3.4. Key player positioning, 2020

3.5. Market dynamics

3.5.1. Drivers

3.5.1.1. Rise in number of territorial conflicts throughout the world

3.5.1.2. Naval modernization programs

3.5.2. Restraint

3.5.2.1. Rise in incorporation of anti-torpedo defense systems in combat vessels

3.5.3. Opportunities

3.5.3.1. Growing demand from aircraft to carry light weight torpedo in large quantity for a warship

3.5.3.2. Rise in defense expenditure globally

3.6. COVID-19 impact analysis

3.6.1. Evolution of outbreak

3.6.2. Micro economic impact analysis

3.6.2.1. Consumer trends

3.6.2.2. Technology trends

3.6.2.3. Regulatory trends

3.6.3. Macro-economic impact analysis

3.6.3.1. GDP

3.6.3.2. Import/export analysis

3.6.3.3. Employment index

3.6.4. Impact on the self-guided torpedo industry

CHAPTER 4: SELF-GUIDED TORPEDO MARKET, BY PRODUCT

4.1. Overview

4.2. Acoustic homing torpedo

4.3. Wake homing torpedo

CHAPTER 5: SELF-GUIDED TORPEDO MARKET, BY TYPE

5.1. Overview

5.2. Heavyweight torpedo

5.3. Lightweight torpedo

CHAPTER 6: SELF-GUIDED TORPEDO MARKET, BY APPLICATION

6.1. Overview

6.2. Naval vessel-launched torpedo

6.3. Aerial platform-launched torpedo

CHAPTER 7: SELF-GUIDED TORPEDO MARKET, BY REGION

7.1. Overview

CHAPTER 8: COMPANY PROFILES

8.1. Company overview

8.2. Company snapshot

8.3. Product portfolio

8.4. Key strategic moves and developments

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

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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NEW YORK--(BUSINESS WIRE)--Green Rock Energy Partners (“Green Rock” or “the Firm”), a sustainable infrastructure focused private equity firm which invests in renewable energy companies and projects, has appointed Christine Gabbianelli as Principal, Head of Investor Relations.

Gabbianelli brings more than a decade of private equity and financial services experience to the firm, complemented by her previous experience in the industrial products industry. She joins Green Rock from Fairview Capital Group, a global, independent secondary advisory firm focused on GP-led liquidity solutions, where she was a founding member and Principal of Investor Relations.

“We are thrilled to announce that Christine has joined Green Rock as our new Head of Investor Relations,” said William Forster, Co-Founder and Managing Partner of Green Rock. “Christine brings a unique skill set to our firm. Her diverse background within the financial services industry, previous entrepreneurial endeavors, and experience in the industrial products industry are invaluable assets as we strategically expand our team.”

“Christine’s impressive and varied background in deal execution, investor relations, corporate finance, and organizational management uniquely positions her to help grow our organization,” added Steven Schmitz, Co-Founder and Managing Partner of Green Rock.

Gabbianelli will focus on enhancing and institutionalizing Green Rock’s investor relations capabilities, fundraising efforts, and strategic initiatives. Her involvement with the firm will be multi-faceted, spanning across investor relations, business development, portfolio operations, and firm management.

Prior to Fairview Capital Group, Gabbianelli worked in fund management at The Carlyle Group, where she focused on fundraising initiatives across several strategies, including Carlyle’s Europe buyout fund and international energy fund.

Previously, Gabbianelli held various positions at Blackstone, including Head of Financial Planning & Analysis for Blackstone’s Credit Business. She began her career in the industrial products industry as an analyst in General Electric’s Financial Management Program. Gabbianelli graduated magna cum laude with a double major in Finance and Accounting from Fairfield University, where she was a member of Beta Alpha Psi and Alpha Sigma Nu.

About Green Rock Energy Partners

Green Rock Energy Partners LLC is a sustainable infrastructure focused private equity firm which invests in renewable energy companies and projects. Green Rock’s investments primarily target waste-to-value energy assets within the circular economy, which play a critical role in the ongoing energy transition to a low-carbon future. The firm deploys equity capital to develop, purchase, and operate environmentally responsible and financially attractive businesses and infrastructure. The projects that Green Rock targets for investment produce renewable natural gas, renewable diesel, renewable fertilizer, and other similar products. The firm was founded by a team of commodities executives who source, structure, and negotiate opportunities to build successful businesses using their expertise as owners and operators.

For more information, please visit www.greenrockep.com.

For media inquiries:

BackBay Communications
George Spencer
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Corinex celebrates BPL software team improving low voltage energy grid and enabling utilities to provide next-gen smart-grid applications to better serve consumers

VANCOUVER, British Columbia--(BUSINESS WIRE)--Corinex, a world leader in broadband-over-powerline (BPL) technology and the company enabling decarbonization through self-regulating energy systems, today announced the latest release of GridValue, its grid management SaaS. Validated as the most advanced and affordable wide-area network software on the market, the new release delivers improved public key infrastructure (PKI) for up to 5 million nodes, speed and performance enhancements, and full support for new G.hn devices, which are capable of near real-time network operations speeds.

The new software is fully backward compatible with first-generation UPA broadband-over-powerline devices and offers unparalleled scaling for wide-area network deployments. GridValue can manage 2 million messages per minute and 10,000 configuration requests in parallel, backed by horizontally scalable, microservices-based architecture delivering unmatched core performance. With a versatile and fully customizable UI, GridValue supports data clustering, integrates with GIS and other visualization tools, and features multiple data storage redundancies and an innovative smart flow event-handling engine.

“Our talented software development team has created an unparalleled data aggregating and analyzing software that brings sensing capabilities to the low voltage energy grid to better serve consumer needs,” said Sajith Dimal, Sr. Software Engineer - Team Lead at Corinex. “Our high-performance platform with full G.hn compliance enables utilities to provide the next generation of smart-grid applications and distributed energy resource services to people and businesses worldwide. We’re also grateful to E.ON, one of Europe's largest energy infrastructure operators, which has supported GridValue’s research and development since 2016.”

GridValue is the first software with enough computational power to enable edge computing for advanced metering infrastructure in BPL deployments.

The GridValue software update delivers:

• Full G.hn device compliance, with G.hn operations support for new generation devices. (G.hn is the home networking standard for operations over telephone wiring, coaxial cables, power lines and optical fiber, which includes capabilities to avoid various types of radio and networking interference.)
  

• A signed configuration/firmware package, including the upload of signed files into the system and the ability to generate a new signed configuration package.
  

• Public key infrastructure (PKI) including registration authority (RA) microservice, auto/manual device certificate enrollment and revocation, certificate enrollment status update and expiration date filtering, generating notification alarms for certificate expiration, and CA update for UPA devices.
  

• Northbound Apache Kafka interface that provides Kafka Streams APIs for third-party system integration.
  

• Performance enhancements, bug fixes, and system observability enhancements including enabled backend/transport metrices.

Customers can install up to 5 million nodes per software license, enabling scaling and cost savings for large deployments. Decentralized energy production is changing the existing electric grid. Corinex’s complete energy management solution integrates distributed electricity devices, collects real-time energy data, and provides predictive models.

About Corinex
Corinex is the world leader in broadband-over-powerline (BPL) technology and solutions. Corinex offers utilities and energy service providers a full suite of high-performance networking products and software, enabling high-speed and secure connections for millions of devices over existing power-line infrastructure. Handling millions of messages per minute enables utilities to monitor performance, predict usage, optimize network performance, and provide required information to both consumers and decentralized producers of electricity. Corinex solutions are improving grid operational efficiency, advancing security, and integrating renewable energy and EV support on the low voltage part of the grid. Learn more at www.corinex.com.

Qiao Hu
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HOUSTON--(BUSINESS WIRE)--NOV Inc. (NYSE: NOV) today announced that its Board of Directors declared the regular quarterly cash dividend of $0.05 per share of common stock, payable on June 24, 2022 to each stockholder of record on June 10, 2022.

About NOV

NOV delivers technology-driven solutions to empower the global energy industry. For more than 150 years, NOV has pioneered innovations that enable its customers to safely produce abundant energy while minimizing environmental impact. The energy industry depends on NOV’s deep expertise and technology to continually improve oilfield operations and assist in efforts to advance the energy transition towards a more sustainable future. NOV powers the industry that powers the world.

Visit www.nov.com for more information.

Blake McCarthy
Vice President, Corporate Development and Investor Relations
(713) 815-3535
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NORWELL, Mass.--(BUSINESS WIRE)--Clean Harbors, Inc. (“Clean Harbors”) (NYSE: CLH), the leading provider of environmental and industrial services throughout North America, today announced that senior management will be participating in the following upcoming investor conferences:

• UBS Global Industrials and Transportation Conference
  Tuesday, June 7, 2022
  Time: 11:20 a.m. ET
  

• Stifel 2022 Cross Sector Insight Conference
  Wednesday, June 8, 2022
  Time: 11:30 a.m. ET

To access the live or archived webcast, visit the “Investor Relations” portion of Clean Harbors’ website at www.cleanharbors.com.

About Clean Harbors

Clean Harbors (NYSE: CLH) is North America’s leading provider of environmental and industrial services. The Company serves a diverse customer base, including a majority of Fortune 500 companies. Its customer base spans a number of industries, including chemical, energy and manufacturing, as well as numerous government agencies. These customers rely on Clean Harbors to deliver a broad range of services such as end-to-end hazardous waste management, emergency spill response, industrial cleaning and maintenance, and recycling services. Through its Safety-Kleen subsidiary, Clean Harbors also is North America’s largest re-refiner and recycler of used oil and a leading provider of parts washers and environmental services to commercial, industrial and automotive customers. Founded in 1980 and based in Massachusetts, Clean Harbors operates in the United States, Canada, Mexico, Puerto Rico and India. For more information, visit www.cleanharbors.com.

Michael L. Battles
EVP and Chief Financial Officer
Clean Harbors, Inc.
781.792.5100
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Jim Buckley
SVP Investor Relations
Clean Harbors, Inc.
781.792.5100
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NEW YORK--(BUSINESS WIRE)--International Seaways, Inc. (NYSE: INSW) (the “Company” or “INSW”), one of the largest tanker companies worldwide providing energy transportation services for crude oil and petroleum products, today announced that it has closed on a new senior secured credit facility (the “Facility”) with an aggregate capacity of $750 million, composed of a term loan of $530 million and a revolving credit facility of $220 million, of which $70 million was drawn on May 24, 2022. The Facility matures in May 2027.

The proceeds from the Facility were used to repay three existing senior debt facilities aggregating $575 million at the time of closing.

Jeff Pribor, the Company’s CFO, commented, “We are pleased to close on this new facility, which delivers a number of financial benefits to INSW. The Facility extends the maturity profile of our senior debt by more than two years, reduces our average interest rate on senior debt by about 15 bps, saves approximately $1 million on quarterly amortization payments, and saves approximately $60 million in 2022 through the updated schedule of mandatory repayments. We are proud to partner with our top-tier banking group and we’d like to thank them for their continued support.”

The Facility’s covenant package is similar to the existing facilities and contains enhanced sustainability-linked features. The feature includes the same key performance indicator outlined in the Poseidon Principles based on a decarbonization trajectory and two other indicators that monitor green spending, aimed to improve energy efficiency and reduce emissions, as well as lost time incident frequency rates.

“International Seaways remains committed to staying at the forefront of ESG,” added Lois Zabrocky, President and CEO commenting on the Company’s dedication to environmental, social and governance initiatives. “Our enhancement of the sustainability-linked features in this facility demonstrates our continued leadership in advancing initiatives that improve the environment and the lives of our seafarers.”

Nordea Bank Abp, New York Branch (“Nordea”), Crédit Agricole Corporate & Investment Bank (“Crédit Agricole”), DNB Markets, Inc, Skandinaviska Enskilda Banken AB (PUBL) and BNP Paribas acted as Mandated Lead Arrangers and Bookrunners. Nordea acted as Administrative Agent. Crédit Agricole acted as Sustainability Coordinator. Danish Ship Finance A/S, ING Bank N.V., London Branch and National Australia Bank Limited are also lenders under the Facility.

About International Seaways, Inc.

International Seaways, Inc. (NYSE: INSW) is one of the largest tanker companies worldwide providing energy transportation services for crude oil and petroleum products in International Flag markets. International Seaways owns and operates a fleet of 80 vessels, including 13 VLCCs (including three dual-fuel, LNG-powered newbuilds to be delivered in the first quarter of 2023), 13 Suezmaxes, five Aframaxes/LR2s, eight Panamaxes/LR1s, 39 MR tankers and two Handysize tankers. International Seaways has an experienced team committed to the very best operating practices and the highest levels of customer service and operational efficiency. International Seaways is headquartered in New York City, NY. Additional information is available at https://www.intlseas.com.

Forward-Looking Statements

This release contains forward-looking statements. In addition, the Company may make or approve certain statements in future filings with the U.S. Securities and Exchange Commission (SEC), in press releases, or in oral or written presentations by representatives of the Company. All statements other than statements of historical facts should be considered forward-looking statements. These matters or statements may relate to the consequences of the Company’s merger with Diamond S and plans to issue dividends, its prospects, including statements regarding vessel acquisitions, expected synergies, trends in the tanker markets, and possibilities of strategic alliances and investments. Forward-looking statements are based on the Company’s current plans, estimates and projections, and are subject to change based on a number of factors. Investors should carefully consider the risk factors outlined in more detail in the Annual Report on Form 10-K for 2021 for the Company, the Quarterly Report on Form 10-Q for the quarter ended March 31, 2022, and in similar sections of other filings made by the Company with the SEC from time to time. The Company assumes no obligation to update or revise any forward-looking statements. Forward-looking statements and written and oral forward-looking statements attributable to the Company or its representatives after the date of this release are qualified in their entirety by the cautionary statements contained in this paragraph and in other reports previously or hereafter filed by the Company with the SEC.

Investor Relations & Media:
Tom Trovato, International Seaways, Inc.
(212) 578-1602
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Redbird to Assume Leadership and Management of TEN|10’s Energy Practice

FORT WORTH, Texas & DENVER--(BUSINESS WIRE)--Redbird Communications Group (Redbird) and the TEN|10 Group (TEN|10) announced today that they have completed a strategic transition whereby Redbird will assume the leadership and management of TEN|10’s robust oil and gas practice. Current TEN|10 team members have begun working in collaboration with Redbird’s energy communications professionals, providing a seamless continuum of communications counsel and service for TEN|10 energy clients.

Redbird Communications Group, based in Fort Worth and San Antonio, Texas, is a full-service strategic communications firm focused solely in the oil and gas industry. Founded in early 2019 and led by co-founders Meggan Morrison and Meredith Howard, Redbird offers a full range of services including media and public relations; website design and development; graphic design; crisis communications and incident response preparedness; environment, social and governance (ESG) consulting; media training; executive coaching; and corporate message development. Redbird focuses primarily on independent, private midstream and oil and gas exploration and production companies.

“I have worked with the TEN|10 Group for many years, most especially with the late founder, Casey Nikoloric, who was a mentor to me in the early years of my consulting career,” said Meredith Howard, Redbird co-founder and principal. “The opportunity to carry on Casey’s legacy and work alongside the remarkable team she developed is an honor. While the company name may be different, the service will be the same. We look forward to growing new relationships and continuing to provide our clients with outstanding counsel.”

“With the tragic passing of our founder and my friend Casey Nikoloric, our goal for the transition of our oil and gas practice has remained simple: to continue to provide TEN|10 clients with the high level of service and guidance they have come to expect,” said Steve Foster, longtime member of the TEN|10 team and interim principal. “I have worked with members of the Redbird team since 2013, and there is no doubt that they have the skills and capabilities to meet this goal. I am excited about this transition and the opportunity to continue to help drive our clients’ growth through strategic communications.”

Based in Denver, TEN|10 was founded by the late Casey Nikoloric and grew to be a premier strategic marketing and communications firm serving independent energy companies, private equity firms, and nonprofits. Under the new leadership of Nikoloric’s son, Ed Hine, TEN|10 will continue to provide communications services in the nonprofit and educational sectors.

About Redbird Communications Group

Redbird Communications Group (Redbird) is a full-service strategic communications firm for the energy industry. From media relations and marketing to issues management and ESG, we understand the opportunities and challenges our clients face and can help deliver messages in the most positive and productive way. Redbird has offices in Fort Worth and San Antonio and is led by co-founders Meggan Morrison and Meredith Howard, each with nearly 20 years of experience in the energy industry. For more information, please visit www.redbirdpr.com

Bevo Beaven
Redbird Communications Group
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DUBLIN--(BUSINESS WIRE)--The "Taiwan Thermal Power Market Size and Trends by Installed Capacity, Generation and Technology, Regulations, Power Plants, Key Players and Forecast, 2022-2035" report has been added to ResearchAndMarkets.com's offering.

The report provides information on the different types of power sources available in Taiwan. The report discusses the thermal power market in Taiwan and provides forecasts up to 2035.

The report highlights installed capacity and power generation trends from 2010 to 2035 in Taiwan's thermal power market. The report also provides company snapshots of some of the major market participants.

The scope of the research includes:

• A brief introduction on global carbon emissions and global primary energy consumption
• An overview of the country's power market, highlighting installed capacity trends (2010-2035), generation trends (2010-2035) and installed capacity split by various power sources
• Detailed overview of the country's thermal power market with installed capacity and generation trends, and major active and upcoming thermal power projects
• Deal analysis of the country's thermal power market
• Snapshots of some of the major market participants in the country

Key Topics Covered:

1. Introduction

1.1 Carbon Dioxide Emissions, Global, 2001-2021

1.2 Primary Energy Consumption, Global, 2001-2021

2. Power Market, Taiwan, 2010-2035

2.1 Power Market, Taiwan, Installed Capacity, 2010-2035

2.2 Power Market, Taiwan, Annual Generation, 2010-2035

3. Thermal Power Market, Taiwan

3.1 Thermal Power Market, Taiwan, Installed Capacity, 2010-2035

3.2 Thermal Power Market, Taiwan, Annual Generation, 2010-2035

3.3 Thermal Power Market, Taiwan, Market Size, 2010-2030

3.4 Thermal Power Market, Taiwan, Power Plants

3.5 Thermal Power Market, Taiwan, Deal Analysis, 2021

4. Thermal Power Policy, Taiwan

4.1 Thermal Power Policy, Taiwan, Overview

4.2 The Electricity Act

5. Thermal Power Market, Taiwan, Company Profiles

5.1 Star Energy Power Corporation

• Company Overview
• Major Products and Services
• Head Office

5.2 Kuo Kuang Power Co., Ltd

• Company Overview
• Major Products and Services
• Head Office

5.3 Taiwan Cogeneration Corp

• Company Overview
• Major Products and Services
• Head Office

5.4 Formosa Petrochemical Corp

• Company Overview
• Major Products and Services
• Head Office

5.5 CPC Corp

• Company Overview
• Major Products and Services
• Head Office

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

About ResearchAndMarkets.com

ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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Green hydrogen from Bloom’s electrolyzer expected to produce 13,000 metric tons of clean ammonia per year

LSB’s Pryor facility will become North America’s largest green ammonia production site

SAN JOSE, Calif. & OKLAHOMA CITY--(BUSINESS WIRE)--$BE #energy--Bloom Energy (NYSE: BE), a leading energy technology company, and LSB Industries, Inc. (LSB) (NYSE: LXU), the leading North American producer of industrial and agricultural chemicals, today announced plans to install a 10 megawatt (MW) solid oxide electrolyzer at LSB’s Pryor, Oklahoma facility. The project is expected to generate green hydrogen that will contribute to the synthesis of approximately 13,000 metric tons of zero-carbon ammonia per year.

Operating at superior efficiencies compared to PEM and alkaline electrolyzer technologies, Bloom Energy’s solid oxide electrolyzer is uniquely positioned to unlock clean, low-cost hydrogen at the scale needed for a net-zero economy. Bloom Energy’s high-temperature electrolyzer requires less energy to generate hydrogen than low-temperature electrolyzers on the market today. When integrated with the most energy efficient high-temperature processes like ammonia synthesis, which produces extra heat energy, Bloom’s electrolyzer is up to 30-40 percent more efficient than competing electrolyzer technologies, resulting in the lowest cost hydrogen for end customer use. With electricity accounting for up to 80 percent of the cost of hydrogen production through electrolysis, solid oxide electrolysis at scale offers a viable, cost-accessible pathway to hydrogen production. Further, clean hydrogen produced at LSB’s facility may qualify for federal incentive programs, such as those currently under evaluation by Congress.

“Achieving a net-zero future requires clean hydrogen at scale, and the collaboration between Bloom Energy and LSB is a milestone for both green hydrogen production and the decarbonization of an industry that’s vital to farmers and consumers alike,” said Rick Beuttel, vice president, hydrogen business, Bloom Energy. “We’re excited to collaborate with LSB to provide significant electrolysis efficiencies, demonstrating that zero-carbon fuels are available and accessible today.”

Ammonia is a crucial component in agricultural fertilizers, with 80 percent of ammonia production used to fertilize crops that will grow food necessary to feed the world. The vital production of ammonia, however, has historically been even more emissions-intensive than other hard-to-abate industrial sectors like cement or steel. The 10 MW solid oxide electrolyzer installation – which will contribute to making LSB’s Pryor facility the largest green ammonia production site in North America – will demonstrate the ability of hydrogen to decarbonize ammonia production and other industrial sectors, which are collectively responsible for more than one-third of global energy consumption.

ThyssenKrupp, a leading global technology, engineering, procurement, construction, and service provider to chemical plants, will co-develop the multi-phase project, developing an initial engineering design to convert a small portion of existing conventional (“gray”) ammonia capacity at LSB’s Pryor facility into green ammonia. Bloom Energy will then install, operate, and maintain the 10 MW electrolyzer at LSB’s Pryor facility, targeting hydrogen production to begin in 2023.

For more information about Bloom Energy’s solid oxide electrolyzer and the company’s commitment to a zero-carbon future, visit: www.bloomenergy.com/bloomelectrolyzer.

Forward-Looking Statements

This press release contains certain forward-looking statements that are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally relate to future events or our future financial or operating performance. In some cases, you can identify forward-looking statements because they contain words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “should,” “will” and “would” or the negative of these words or similar terms or expressions that concern Bloom’s expectations, strategy, priorities, plans or intentions. These forward-looking statements include, but are not limited to, Bloom’s expectations regarding the collaboration with LSB, including plans to install a solid oxide electrolyzer at LSB’s Pryor facility, integration with exothermic processes for scaling green hydrogen generation and related efficiency gains, availability of any federal clean energy incentives, projected production dates, viability, cost and timing of future hydrogen production, and progress towards any net-zero emissions or decarbonization goals. More information on potential risks and uncertainties that may impact Bloom’s business are set forth in Bloom’s periodic reports filed with the SEC, including its Annual Report on Form 10-K for the year ended December 31, 2021, filed with the SEC on February 25, 2022, and its Quarterly Report on Form 10-Q for the quarter ended March 31, 2022, filed with the SEC on May 6, 2022, as well as subsequent reports filed with or furnished to the SEC from time to time. Bloom assumes no obligation to, and does not currently intend to, update any such forward-looking statements.

About Bloom Energy

Bloom Energy empowers businesses and communities to responsibly take charge of their energy. The company’s leading solid oxide platform for distributed generation of electricity and hydrogen is changing the future of energy. Fortune 100 companies around the world turn to Bloom Energy as a trusted partner to deliver lower carbon energy today and a net-zero future. For more information, visit www.bloomenergy.com.

About LSB Industries, Inc.

LSB Industries, Inc., headquartered in Oklahoma City, Oklahoma, manufactures and sells chemical products for the agricultural, mining, and industrial markets. The Company owns and operates facilities in Cherokee, Alabama, El Dorado, Arkansas and Pryor, Oklahoma, and operates a facility for a global chemical company in Baytown, Texas. LSB’s products are sold through distributors and directly to end customers primarily throughout the United States. Committed to improving the world by setting goals that will reduce our environmental impact on the planet and improve the quality of life for all of its people, the Company is well positioned to play a key role in the reduction of global carbon emissions through its planned carbon capture and sequestration, and zero carbon ammonia strategies. Additional information about LSB can be found on its website at www.lsbindustries.com.

Bloom Energy Media Contact:
Jennifer Duffourg
480.341.5464
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Bloom Energy Investor Relations:
Ed Vallejo
267.370.9717
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