Next Generation Green Merchant Energy Trading Company Spanning Alternative Energy Asset Development, Storage Offtake, and Power Trading Strategies
Founding Team Brings Decades of Energy Investing Experience and Believes that Storage Solutions Allow for Greater, Faster Renewables Penetration, and Safer, More Resilient Energy Grid
MIAMI--(BUSINESS WIRE)--Spearmint Energy (“Spearmint” or the “Company”), a next-generation renewable energy company enabling the clean energy revolution through battery energy storage, today announced the launch of its business. The Spearmint platform is comprised of three distinct strategies, including battery and solar project development, energy storage offtake, and renewables power trading. The Company is aligned with the objectives of the Paris Climate accord to achieve Net Zero by 2050 by improving overall power grid resiliency.
Founded by energy industry veteran Andrew Waranch, in partnership with Kevin Kelley, CEO of Roscommon Analytics LLC, Spearmint is comprised of experienced energy professionals, including renewables developers, power market researchers, seasoned electrical engineers, and power traders who combine innovative, cutting-edge financial hedging solutions and insight to bring projects to market that reduce waste while increasing affordable, long-lasting, grid-scale renewable energy.
Mr. Waranch said, “As our world shifts away from fossil fuels and moves rapidly toward low carbon power generation, it is critical that we be prepared with affordable, clean power sources, such as wind and solar, regardless of season or location. Battery energy storage – the process of collecting excess, unneeded power during times of surplus and releasing it when most needed – is the ideal solution to ensuring we have clean energy 365 days a year and limit waste generation.”
Mr. Kelley added, “Inflation, grid instability, and rising energy prices are prompting an inflection point in our transition to cheaper, renewable energy solutions across the U.S. We are incredibly proud to partner with Andrew and the Spearmint team, who bring decades of collective experience and deep relationships with skilled regional developers to this complex market. We are excited to work together as we seek to generate attractive, risk-adjusted returns for investors and back next-generation renewable energy projects that make the power grid more resilient.”
Mr. Waranch concluded, “Now is the opportune time to utilize our industry knowledge and proprietary trading technology to partner with landowners and develop the energy storage infrastructure the U.S. urgently needs. We look forward to executing on our pipeline of development and offtake opportunities, meeting investors’ increasing demand for renewable energy solutions, and enabling the clean energy revolution.”
About Spearmint Energy
Founded by energy industry veteran Andrew Waranch in partnership with Kevin Kelley, CEO of Roscommon Analytics LLC, Spearmint is a next generation renewable energy company enabling the clean energy revolution through battery energy storage. The Spearmint platform is comprised of three distinct strategies, including battery and solar project development, energy storage offtake, and renewables power trading. For more information, please visit: https://www.spearmintenergy.com/.
About Roscommon Analytics
Roscommon Analytics LLC is a fast-growing business using technology and analytics expertise to generate profits in the energy commodity markets, with a focus on power and natural gas. Since its inception in November 2016, the firm has grown to over 40 employees with offices around the globe and more than $500 million in capital. For more information, please visit: https://www.roscommonanalytics.com/.
Media:
Amanda Shpiner/Sara Widmann
Gasthalter & Co.
(212) 257-4170
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DUBLIN--(BUSINESS WIRE)--The "Oil and Gas Measurements and Control" training has been added to ResearchAndMarkets.com's offering.
This course is designed to train and upgrade the knowledge of the participants on the most recent technology of oil and gas measurement, that can enable them to perform appropriate selection of the flow meters, maintain the meters performance through verification and recalibration, and carry out the necessary calculations of meters certainty thus ensure a high quality of measurements that leads to most effective production measurements, highest revenue, and best process and equipment control.
Learning Objectives
Course Methodology
Besides learning from presentation and interaction with the expert trainer, you will have the opportunity to work on Case Study: The impact of the meter's accuracy on the revenue values; and the following Exercises:
Pre-Course Questionnaire
The class size will be kept small to ensure interaction and learning results. A precourse questionnaire will be sent to you through which you can raise your specific areas of interest. The Expert Trainer will review in advance and analyse them during the course, seeking to satisfy your learning needs.
Tests & E-Certificate
A pre-test, as well as a post-test, will be carried out, and all participants are encouraged to take. E-Certificate will be awarded to all participants, provided attending all sessions and fulfilling the course duties.
This Certificate of Attendance, bearing the signatures from the Expert Trainer and the Organizer, will testify to your endeavour and serve towards your professional advancement.
Key Topics Covered:
Workshop Outline Day 1 - 4
This intensive interactive workshop delivers four 3.5-hour sessions of training, phased over four days
SESSION 1 - Technology of Oil and Gas Measurements
Types of Measurements
Oil Flow Measurements
Gas Flow Measurement
Calculation of compressibility factor
SESSION 2 - Flow Meters: Design, Selection and Operation
DP Orifice Meters
DP V-cone meters design and features
DP Venturi and nozzle meters application and merits
Turbine Meters
Magneto Meters
Vortex Shedding Meters
Ultrasonic Meters
Positive Displacement Meters
Meters application range
Coriolis Meters
Flow meters' Selection
SESSION 3 - Proving and Calibration
Flowmeters Performance Characteristics
Proving and Calibration
Methods of Proving and Calibration
Proving and Calibration Systems
For more information about this training visit https://www.researchandmarkets.com/r/b5cnw3
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Josh McMorrow, veteran public company legal executive, to oversee the global legal function
LUGANO, Switzerland & WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--$NRGV--Energy Vault Holdings, Inc. (NYSE: NRGV, NRGV WS) (“Energy Vault”), a leader in sustainable, grid-scale energy storage solutions, today announced the appointment of Josh McMorrow as the company’s Chief Legal Officer.
“I am pleased to welcome Josh as the newest member of our leadership team,” said Robert Piconi, Chairman, Co-Founder and CEO, Energy Vault. “Josh’s broad international experience spanning several relevant industries, combined with his deep expertise in transactional and regulatory matters, will be a tremendous asset to the company. Josh joins us at a critical time and will play a key role working with me, our Board and the rest of our team as we continue to grow and strengthen the company. He joins our established leadership team who will continue to be instrumental in executing our global expansion plans as we deploy and scale our innovative energy storage technologies.”
Josh McMorrow commented, “It is a very exciting time to be joining Energy Vault, as I believe the company is poised for significant domestic and international growth, and I look forward to contributing to the company’s continued success. Energy Vault is an innovative leader in renewable energy storage technologies, which are critically important to enabling the decarbonization transition of the planet. I look forward to working with Rob and the entire organization to execute the company’s global growth strategy while focusing on operating the publicly-traded company with the highest standards of corporate governance and integrity.”
Veteran Legal Executive, Josh McMorrow, Appointed as Chief Legal Officer
McMorrow is responsible for overseeing Energy Vault’s legal, regulatory, IP and compliance functions, as well as all legal aspects of its strategic and commercial partnerships as the company continues to scale its operations and expand its global footprint.
During his legal career of more than two decades, McMorrow has built and managed legal teams on six continents and represented companies across multiple industries, including energy, industrial gas, construction and chemicals. Most recently, McMorrow led the 2021 IPO of Atotech Limited on the New York Stock Exchange resulting in a market capitalization of more than $4 billion.
McMorrow has been named General Counsel of the Year for Energy by The Legal 500. He was also named to the GC Powerlist (the top 100 general counsel) in three different countries (United States, Switzerland, and Germany) by The Legal 500.
McMorrow holds a Juris Doctor degree and graduated with honors from the University of Texas School of Law and he holds a B.S. in International Business from Trinity University, graduating cum laude.
About Energy Vault
Energy Vault develops and deploys turnkey sustainable energy storage solutions designed to transform the world’s approach to utility-scale energy storage in realizing decarbonization while maintaining grid resiliency. The company’s proprietary energy management system and optimization software suite is technology agnostic in its ability to orchestrate various generation and energy storage resources to help utilities, independent power producers and large industrial energy users to significantly reduce their levelized cost of energy while maintaining power quality and grid reliability. Energy Vault’s EVx™ gravity-based energy storage system utilizes eco-friendly materials with the ability to integrate waste materials for beneficial re-use. Energy Vault is facilitating the shift to a circular economy while accelerating the clean energy transition for its customers. For additional information, please visit: www.energyvault.com.
Forward-Looking Statements
This press release contains forward-looking statements that involve risks, uncertainties, and assumptions including statements regarding our future expansion, deployments and capabilities. There are a significant number of factors that could cause actual results to differ materially from the statements made in this press release, including: risks related to the rollout of Energy Vault’s business and the timing of expected business milestones, developments and changes in the general market, the continuing impact of COVID-19, political, economic, and business conditions, our limited operating history as a public company, and our ability to retain qualified personnel. Additional risks and uncertainties that could affect our financial results are included under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in our Form 8-K filed with the Securities and Exchange Commission (the “SEC”) on February 14, 2022, as amended on March 31, 2022, which is available on our website at investors.energyvault.com and on the SEC's website at www.sec.gov. Additional information will also be set forth in other filings that we make with the SEC from time to time. All forward-looking statements in this press release are based on information available to us as of the date hereof, and we do not assume any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made, except as required by applicable law.
Energy Vault
Investors
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Media
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Ultramar Ferry is the Number One Ferry Service in Mexico, and Ultramar Carga Is the Most Important Maritime Transport for Passengers and Vehicles in the Riviera Maya Region
CANCÚN, Mexico--(BUSINESS WIRE)--#CancunBusiness--GigNet, a Digital Infrastructure company with an extensive regional fiber-optic broadband network from Costa Mujeres, North of Cancún, through the Hotel Zone of Tulum, announced today it is expanding the services it provides to Ultramar Carga, the most important ferry service in the Cancún region of Mexico. Ultramar Carga and Ultramar Ferry provide maritime transport between Cancún and Playa Del Carmen to the islands of Cozumel and Isla Mujeres. GigNet’s Managed Services offering will now allow passengers transporting vehicles to and from Cozumel to enjoy seamless Wi-Fi during the 19-kilometer crossing. Ultramar Carga is the only provider of the service that allows people to travel to the island with their own automobile, including commercial vehicles making the crossing for deliveries or other services.
Andrea Orozco, General Manager of Ultramar Carga, commented, “We pride ourselves in our motto 'Experience Innovation' and we are always looking for better solutions for our clients. Their satisfaction is our biggest motivation. We can now offer our clients the opportunity to travel comfortably with all the amenities including reliable Wi-Fi to communicate while they are on one of our vessels or at the dock. We also offer air conditioning, tv screens, snack bar, kids’ zone, convenient hours as well as pet friendly transportation.” Ms. Orozco added, “Communication is also a necessity between our remote offices to ensure safe and timely transportation. GigNet was our natural choice after having evaluated all the available Internet services and we are pleased that GigNet can grow with us as we seek ever higher customer satisfaction.”
Mark Carney OBE, President of GigNet Mexico, stated, "Cozumel is a popular and important destination for tourism and commercial activity in the Mexican Caribbean. Ultramar is one of the most important companies in the Cancún region. GigNet and Ultramar share the same values of innovation, leadership, service and integrity and we are happy to now add Cozumel as a 'GigNet Territory' so that tourists and residents can stay connected on Ultramar Carga for this important aspect of the region’s economy.”
For more information on Ultramar, visit http://ultramarcarga.com/ and https://www.ultramarferry.com.
ABOUT GIGNET
GigNet is the Mexican Caribbean brand of GigNet, Inc., a U.S. based international Digital Infrastructure company specializing in Fiber-to-the-Home (FTTH) and Fiber-to-the-Premises (FTTP) for enterprise customers including hotels, resorts, retailers, offices, large commercial operations, governmental offices, and medical and educational facilities, as well as fiber-optic transport services for mobile phone operators in the region. Through its Mexico operating subsidiaries, GigNet, S.A. de C.V., and Sanalto Redes Peninsular, S.A.P.I. de C.V., the Company is a fully licensed telecommunications provider in Mexico. GigNet is actively adding customers to its extensive regional broadband network in the Mexican Caribbean, one of the largest and fastest growing tourism and new residential development destinations in the world, with over 25 million annual airport visitors. GigNet is a leader in the Digital Transformation of the region.
For Product and Sales information - Mexico:
www.GigNet.mx
Jennifer Hamer
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+52.998.154 5220
For Corporate Information:
www.GigNetInc.com
www.GigNetTV.com
Diane Shearin
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+1.847.739.3110
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, provided financial results for the three months ended March 31st, 2022. A complete set of the Financial Statements and Management's Discussion & Analysis have been filed on SEDAR (www.sedar.com).
First Quarter 2022 Highlights
Management Commentary
“Our first quarter 2022 performance reflects our continued operational execution as we make progress toward realizing our strategic vision,” said Paul Ghezzi, CEO of Kontrol Technologies. “We are working diligently to scale the Kontrol platform while maintaining discipline in the management of our capital structure and remain deeply focused on growing profitability. As we look forward, we are well positioned for continued growth by bringing innovative solutions that enable our customer base to achieve greater sustainability across their businesses.”
Q1 2022 Financial Summary
Financial Results |
Three months ended |
||
(unaudited) |
March 31, 2022 |
March 31, 2021 |
|
Revenue |
$26,621,533 |
$3,319,194 |
|
Gross profit |
$6,742,135 |
$1,771,560 |
|
Net income (loss) |
$1,641,673 |
$(823,733) |
|
Basic EPS |
$0.03 |
$(0.02) |
|
Diluted EPS |
$0.03 |
- |
|
|
|
|
|
Add for adjusted EBITDA reconciliation: |
|
|
|
Amortization and depreciation |
$543,185 |
$393,460 |
|
Finance expense |
$278,867 |
$267,110 |
|
Share based compensation |
$37,574 |
$1,216,503 |
|
Listing expense |
- |
$70,000 |
|
Adjusted EBITDA* |
$2,501,299 |
$1,123,340 |
|
|
|
|
|
* Adjusted EBITDA is a non-IFRS financial measure. The Company defines Adjusted EBITDA as net income or loss before interest, income taxes, amortization, and depreciation, share based compensation, acquisition related expenses, and listing expense.
Conference Call
The Company will host a conference call on Monday, May 16th, 2022, at 8:30 AM Eastern Time to discuss Kontrol’s first quarter 2022 financial results. To participate, please use the following information:
Event Details:
Title: |
Kontrol Technologies Reports Q1 2022 Financial Results |
|
Event Date and Time: |
May 16th, 2022 @ 8:30 AM Eastern |
|
Event Duration: |
45 Minutes |
|
Audience URL: |
https://produceredition.webcasts.com/starthere.jsp?ei=1547812&tp_key=f302d39375 |
|
Call- in Numbers: |
Confirmation #: 26299379 Local: 416-764-8609 (Toronto) North American Toll Free: 888-390-0605 |
Please dial in at least 5 minutes before the call start time to ensure timely participation.
A recording of the Q1 2022 interim financial results conference call is available here:
Reply Local: |
416-764-8677 |
|
Replay North American Toll Free: |
1-888-390-0541 |
|
Replay Entry Code: |
299379# |
|
Replay Webcast Link: |
https://produceredition.webcasts.com/starthere.jsp?ei=1547812&tp_key=f302d39375 |
|
Replay Expiration Date: |
May 23, 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.
Non-IFRS Financial Measures
The Company defines Adjusted EBITDA as net income or loss before interest, income taxes, amortization, and depreciation, share based compensation, and acquisition related expenses. The Company believes Adjusted EBITDA is a useful measure as it provides information to management about the operating and financial performance of the Company and its ability to generate operating cash flow to fund future working capital needs, as well as future growth. Adjusted EBITDA may also be used by investors and analysts for the purpose of valuing the Company. Readers are cautioned that these non-IFRS definitions are not recognized measures under IFRS, do not have standardized meanings prescribed by IFRS, and should not be construed to be alternatives to net earnings determined in accordance with IFRS or as indicators of performance, liquidity, or cash flows.
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.
Where the Company 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 and that technology will be as effective as anticipated.
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 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 offering as expected, and government and regulatory factors impacting the energy conservation industry.
Accordingly, undue reliance should not be placed on forward-looking statements and the forward-looking statements contained in this press release are expressly qualified in their entirety by this cautionary statement. The forward-looking statements contained herein are made as at the date hereof and are based on the beliefs, estimates, expectations, and opinions of management on such date. Kontrol does not undertake any obligation to update publicly or revise any such forward-looking statements or any forward-looking statements contained in any other documents whether as a result of new information, future events or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required under applicable securities law. Readers are cautioned to consider these and other factors, uncertainties, and potential events carefully and not to put undue reliance on forward-looking information.
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
Electreon will provide Electra Afikim with wireless charging infrastructure that will enable simultaneous charging of 30 buses, 24 hours a day.
BEIT YANAI, Israel & TEL AVIV, Israel--(BUSINESS WIRE)--Electreon (TASE: ELWS.TA), the leading provider of wireless and in-road electric vehicle (EV) charging technology, has signed an agreement of cooperation with the public transportation company Electra Afikim. As part of the agreement, Electreon will provide Electra Afikim with wireless charging infrastructure that will enable simultaneous charging of 30 buses, 24 hours a day. The deal is a result of a call for proposals issued by Israel’s National Public Transportation Authority in the Ministry of Transportation to public transport operators, to procure and establish infrastructure to electrify buses. The ministry was a partner in arranging the parking lot for electric charging with the Rosh HaAyin municipality, and invested about $2.9 million in the project.
As part of the agreement Electreon will provide maintenance, support and operation services for the next 12 years. The cost of the deal is $1.9 million; it will cover the fleet's activity, and includes 30 buses. In addition, Electra Afikim will bear the cost of the electricity. Electra Afikim is the fourth largest bus operator in Israel with roughly 1,400 buses. The municipality of Rosh Hain played a key role in the agreement as part of it policy to promote clean electric transportation in the rapidly growing city
This is the second commercial deal signed by Electreon in Israel. The previous, with Dan bus company in October 2021, and includes the sale of wireless charging services for 200 buses. The company estimates that the Electra Afikim agreement has potential for future expansion, including a significant chance of replication with other operators from Israel and abroad. The deal was done in accordance with the Ministry of Transportation's decision to change the face of public transportation in Israel, as part of its ban on the introduction of polluting buses from 2025.
The support of the Ministry of Transportation is important especially since the ministry is the entity that finances the public transportation activity in Israel, and the entity that approved the use of Electreon’s wireless charging. The approval given will allow Israeli public transportation operators to duplicate the project and quickly promote green transportation in Israel.
“As a leading public transportation company, we are turning towards green energy,” Oded Cohen, CEO of Electra Afikim. “Since the transition to electrification depends on the allocation of infrastructure, powerful grid connections and prolonged bureaucracy, we were happy to partner with Electreon, which offers a more cost-effective and accessible alternative to charging electric buses. Electra Afikim already operates 25 electric buses on unique BRT lines in the city of Ashdod as part of a sustainable city project and strives to expand the use of green energy buses. This strategy is in line with Electra Group's sustainable activities on various levels over the past years. We thank the National Public Transport Authority for promoting the agreement as part of its e policy to electrify public transportation."
Electreon's activity in Israel is in line with the company's business model, as part of its process to promote public transport operators and other commercial fleet operators in the US, Europe, Germany and France with Electreon's strategic partner, the infrastructure company, Vinci.
Over the past weeks Electreon has announced several international deals including: Development agreement for commercial wireless charging projects with Destia, Finland's leading infrastructure services company. As part of the agreement the parties will promote commercial public charging projects in Finland, with trucks and wireless distribution vehicles.
USA - The company announced collaboration with the leading wireless charging research center ASPIRE in Utah. As part of the project, which will be launched this summer, ASPIRE will set up a demonstration of a wireless electric road in their test track. The project will demonstrate the company's system for the U.S. Department of Transportation, additional U.S. authorities and potential customers and partners from across the United States. Jacobs, Electreon’s strategic partner, is engaged in promoting commercial transactions with its various customers to operate bus and truck transportation throughout the U.S. In addition, Jacobs partnered with Ford in the U.S. first electric road project, in which the City of Detroit announced its plans to invest heavily and become a leader in infrastructure for charging electric vehicles while driving.
Sweden - The company recently updated that the Swedish Ministry of Transportation has added a budget of €2 million ($2.17 million) to extend its project in Gotland - the world’s first wireless electric road for trucks and buses. Which will strengthen its position ahead of the tender for the construction of the first 42 km long electric road in Sweden.
“2022 is Electreon’s year of transition from planning, development and construction of supply chains towards large-scale production and sales,” said Oren Ezer, CEO of Electreon. “The wireless static charging project signed with Electra Afikim is a model that the company intends to replicate in many cities around the world, along with dynamic wireless charging. Electreon continues to significantly increase its production capacity in order to be ready for the rapid construction of projects in the pipeline and future projects.”
Ezer continued: “These projects are of great importance, they will allow the company to present the advantages of the technology including reducing the size of the battery, extending the working time without compromising the way the buses operate and distributing the power supply around the clock. These benefits will enable cities and states to accelerate the transition to sustainable electric transportation. We thank the Ministry of Transportation for its trust in Electeron’s innovative and advanced technology, which will undoubtedly advance the field of green transportation in the State of Israel."
About Electreon
Electreon is the leading provider of wireless charging solutions for electric vehicles (EVs), providing end-to-end charging infrastructure and services to meet the needs and efficiency demands of shared, public and commercial fleet operators and consumers. The company’s proprietary inductive technology dynamically (while in motion) and statically (while stopped) charges EVs quickly and safely, eliminating range anxiety, lowering total costs of EV ownership, and reducing battery capacity needs—making it one of the most environmentally sustainable, scalable, and compelling charging solutions available today. Electreon works with cities and fleet operators on a charging as a service (CaaS) platform that enables cost-effective electrification of public, commercial, and autonomous fleets for smooth and continuous operation. For more information, visit electreon.com.
About Electra Afikim
Electra Afikim is the transportation division of the Electra Group, and expresses the vision of the group Electra to establish its position as a leading player in the transportation industry in Israel. Afikim was established in 2008 as part of one of the Ministry of Transportation's reforms that allowed private companies to bid in tenders to operate public transportation clusters. In 2009, the company won the operation of Samaria.cluster, In 2013, it expanded its operations through the acquisition of Veolia Transportation. In 2020. Control of the company was acquired by the Electra Group and about a year later, Electra Afikim acquired Egged Transport Company. Today, the company, which is managed by Oded Cohen, operates about 1,400 buses on about 450 service lines, which operate in five transportation clusters. The company covers about 60 million kilometers and transports more than 60 million passengers a year.
Janine Ward
On behalf of Electreon
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313-536-7806
DUBLIN--(BUSINESS WIRE)--The "Marine Electric Vehicles Market Research Report by Platform (On-water and Underwater), Hybridization, Application, Region (Americas, Asia-Pacific, and Europe, Middle East & Africa) - Global Forecast to 2027 - Cumulative Impact of COVID-19" report has been added to ResearchAndMarkets.com's offering.
The Global Marine Electric Vehicles Market size was estimated at USD 4,267.31 million in 2021, USD 5,003.90 million in 2022, and is projected to grow at a Compound Annual Growth Rate (CAGR) of 17.43% to reach USD 11,194.68 million by 2027.
In this report, the years 2019 and 2020 are considered historical years, 2021 as the base year, 2022 as the estimated year, and years from 2023 to 2027 are considered the forecast period.
Competitive Strategic Window:
The Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies to help the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects.
It describes the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth during a forecast period.
FPNV Positioning Matrix:
The FPNV Positioning Matrix evaluates and categorizes the vendors in the Marine Electric Vehicles Market based on Business Strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and Product Satisfaction (Value for Money, Ease of Use, Product Features, and Customer Support) that aids businesses in better decision making and understanding the competitive landscape.
Market Share Analysis:
The Market Share Analysis offers the analysis of vendors considering their contribution to the overall market. It provides the idea of its revenue generation into the overall market compared to other vendors in the space. It provides insights into how vendors are performing in terms of revenue generation and customer base compared to others.
Knowing market share offers an idea of the size and competitiveness of the vendors for the base year. It reveals the market characteristics in terms of accumulation, fragmentation, dominance, and amalgamation traits.
Competitive Scenario:
The Competitive Scenario provides an outlook analysis of the various business growth strategies adopted by the vendors. The news covered in this section deliver valuable thoughts at the different stage while keeping up-to-date with the business and engage stakeholders in the economic debate.
The competitive scenario represents press releases or news of the companies categorized into Merger & Acquisition, Agreement, Collaboration, & Partnership, New Product Launch & Enhancement, Investment & Funding, and Award, Recognition, & Expansion. All the news collected help vendor to understand the gaps in the marketplace and competitor's strength and weakness thereby, providing insights to enhance product and service.
Company Usability Profiles:
Key Topics Covered:
1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders
2. Research Methodology
2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update
3. Executive Summary
4. Market Overview
5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.1.1. Implementation of marine plug-in hybrid electric vehicles
5.1.1.2. Rising number of marine-based activities coupled with rising environmental concerns
5.1.1.3. Growing popularity of water-based sports and leisure activities
5.1.2. Restraints
5.1.2.1. High cost associated with the manufacturing of the battery
5.1.2.2. Limited range and high cost of batteries
5.1.3. Opportunities
5.1.3.1. Technological advancements in the field of batteries and motor technology
5.1.3.2. Increasing awareness regarding increasing pollution and environmental protection
5.1.4. Challenges
5.1.4.1. Vulnerability of ships to cyber threats
5.2. Cumulative Impact of COVID-19
5.3. Cumulative Impact of 2022 Russia Ukraine Conflict
6. Marine Electric Vehicles Market, by Platform
6.1. Introduction
6.2. On-water
6.3. Underwater
7. Marine Electric Vehicles Market, by Hybridization
7.1. Introduction
7.2. Battery Electric Vehicle
7.3. Hybrid Electric Vehicle
7.4. Plug-in Hybrid Electric Vehicle
8. Marine Electric Vehicles Market, by Application
8.1. Introduction
8.2. Automated Utility Vehicles
8.3. Leisure & Tourist Surface Boats
8.4. Military
8.5. Personal & Tourist Submarines
8.6. Workboats
9. Americas Marine Electric Vehicles Market
9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States
10. Asia-Pacific Marine Electric Vehicles Market
11. Europe, Middle East & Africa Marine Electric Vehicles Market
12. Competitive Landscape
12.1. FPNV Positioning Matrix
12.2. Market Ranking Analysis
12.3. Market Share Analysis, By Key Player
12.4. Competitive Scenario
13. Company Usability Profiles
For more information about this report visit https://www.researchandmarkets.com/r/lne1vr
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New agreement builds on EVgo and General Motors’ collaboration to accelerate transportation electrification and expand fast-charging infrastructure
LOS ANGELES--(BUSINESS WIRE)--EVgo Inc. (NASDAQ: EVGO), the nation’s largest public fast charging network for electric vehicles (EVs) and first powered by 100% renewable electricity, and Cadillac, the first General Motors (GM) brand with plans to go all-electric, today announced a new commercial agreement to offer drivers of the 2023 Cadillac LYRIQ the option of two years of unlimited* public fast charging on EVgo’s network. Cadillac worked with EVgo to develop the special charging offer as part of its efforts to make the experience of owning an EV easier.
“With the launch of LYRIQ, Cadillac is ushering in a new, all-electric era of luxury transportation,” said Global Cadillac Vice President Rory Harvey. “By collaborating with EVgo to deliver an unlimited charging offer to our drivers, we are making it easier for our customers to take advantage of convenient charging solutions, expanding access to public charging, and helping drivers navigate the transition to electric in style.”
With this new agreement, Cadillac is offering eligible LYRIQ drivers the choice of 2 years of unlimited charging on EVgo’s network or a home charger installation credit. Cadillac is the latest leading luxury brand to join with EVgo to expand access to charging infrastructure for customers, further positioning the company as a network-of-choice for EV charging and leader in transportation electrification. EVgo’s growing charging network being powered by 100% renewable energy additionally punctuates Cadillac’s commitment to sustainability, while meaningfully adding to the EV experience for environmentally-conscious drivers.
“An exciting new car like the LYRIQ merits an exciting new charging offer like this one made possible by Cadillac working together with EVgo,” said Cathy Zoi, CEO of EVgo. “Cadillac is demonstrating how to be ahead of the curve by treating charging as a cornerstone of the EV buying experience from the onset. We’re thrilled to serve as a go-to charging destination for LYRIQ drivers and continue delivering reliable, world-class experiences that automakers need to make available to their customers.”
The engagement with Cadillac builds on the broader collaboration between EVgo and GM, which includes plans to build 3,250 high-powered DC fast charging stalls through 2025. The joint program will further accelerate widespread EV adoption and increase public access to charging in both current and future U.S. markets. Today, EVgo’s public charging network can charge all types of EVs in convenient locations that fit into people’s everyday lives, including grocery stores, shopping malls, retail locations and more. The company’s collaborations with renowned brands across automotive, rideshare, retail, fleet, and other industries have powered more than 325 million electric miles to date.
For more information around the locations of fast charger’s within EVgo’s charging network, visit www.evgo.com.
*Limitations apply. Full details, including terms and conditions for this offer will be announced at a later date. Check Cadillac.com for more information.
About EVgo
EVgo (Nasdaq: EVGO) is the nation’s largest public fast charging network for electric vehicles, and the first to be powered by 100% renewable energy. As of the end of the first quarter 2022, with more than 850 charging locations, EVgo’s owned and operated charging network serves over 60 metropolitan areas across more than 30 states and approximately 375,000 customer accounts. Founded in 2010, EVgo leads the way on transportation electrification, partnering with automakers; fleet and rideshare operators; retail hosts such as hotels, shopping centers, gas stations and parking lot operators; and other stakeholders to deploy advanced charging technology to expand network availability and make it easier for drivers across the U.S. to enjoy the benefits of driving an EV. As a charging technology first mover, EVgo works closely with business and government leaders to accelerate the ubiquitous adoption of EVs by providing a reliable and convenient charging experience close to where drivers live, work and play, whether for a daily commute or a commercial fleet.
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DUBLIN--(BUSINESS WIRE)--The "Marine Derived Drugs Market Research Report by Type (Ether, Peptide, and Phenol), Source, Mode of Delivery, Region (Americas, Asia-Pacific, and Europe, Middle East & Africa) - Global Forecast to 2027 - Cumulative Impact of COVID-19" report has been added to ResearchAndMarkets.com's offering.
The Global Marine Derived Drugs Market size was estimated at USD 10.54 billion in 2021, USD 11.46 billion in 2022, and is projected to grow at a Compound Annual Growth Rate (CAGR) of 8.90% to reach USD 17.58 billion by 2027.
In this report, the years 2019 and 2020 are considered historical years, 2021 as the base year, 2022 as the estimated year, and years from 2023 to 2027 are considered the forecast period.
Cumulative Impact of COVID-19:
COVID-19 is an incomparable global public health emergency that has affected almost every industry, and the long-term effects are projected to impact the industry growth during the forecast period. Our ongoing research amplifies our research framework to ensure the inclusion of underlying COVID-19 issues and potential paths forward.
The report delivers insights on COVID-19 considering the changes in consumer behavior and demand, purchasing patterns, re-routing of the supply chain, dynamics of current market forces, and the significant interventions of governments. The updated study provides insights, analysis, estimations, and forecasts, considering the COVID-19 impact on the market.
Competitive Strategic Window:
The Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies to help the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects.
It describes the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth during a forecast period.
FPNV Positioning Matrix:
The FPNV Positioning Matrix evaluates and categorizes the vendors in the Marine Derived Drugs Market based on Business Strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and Product Satisfaction (Value for Money, Ease of Use, Product Features, and Customer Support) that aids businesses in better decision making and understanding the competitive landscape.
Market Share Analysis:
The Market Share Analysis offers the analysis of vendors considering their contribution to the overall market. It provides the idea of its revenue generation into the overall market compared to other vendors in the space. It provides insights into how vendors are performing in terms of revenue generation and customer base compared to others.
Knowing market share offers an idea of the size and competitiveness of the vendors for the base year. It reveals the market characteristics in terms of accumulation, fragmentation, dominance, and amalgamation traits.
Competitive Scenario:
The Competitive Scenario provides an outlook analysis of the various business growth strategies adopted by the vendors. The news covered in this section deliver valuable thoughts at the different stage while keeping up-to-date with the business and engage stakeholders in the economic debate.
All the news collected help vendor to understand the gaps in the marketplace and competitor's strength and weakness thereby, providing insights to enhance product and service.
Company Usability Profiles:
Key Topics Covered:
1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders
2. Research Methodology
2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update
3. Executive Summary
4. Market Overview
5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.1.1. High prevalence of unmet medical needs
5.1.1.2. Increasing initiatives for preserving marine biodiversity
5.1.1.3. Rising incidence of chronic ailments
5.1.2. Restraints
5.1.2.1. Complexity in drug development from marine sources due to environmental conditions and microorganisms residing in the marine animal
5.1.3. Opportunities
5.1.3.1. Innovation of pharmaceutical products
5.1.3.2. Advances in cancer therapy and immune signaling
5.1.3.3. Increase in pharmacokinetic research on marine-derived compounds
5.1.4. Challenges
5.1.4.1. Lack of awareness and social taboos commonly associated with advanced medications
5.2. Cumulative Impact of COVID-19
5.3. Cumulative Impact of 2022 Russia Ukraine Conflict
6. Marine Derived Drugs Market, by Type
6.1. Introduction
6.2. Ether
6.3. Peptide
6.4. Phenol
6.5. Steroid
7. Marine Derived Drugs Market, by Source
7.1. Introduction
7.2. Algae
7.3. Invertebrates
7.4. Microorganisms
8. Marine Derived Drugs Market, by Mode of Delivery
8.1. Introduction
8.2. Anti-cardiovascular
8.3. Anti-inflammatory
8.4. Anti-microbial
8.5. Anti-tumor
8.6. Anti-viral
9. Americas Marine Derived Drugs Market
9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States
10. Asia-Pacific Marine Derived Drugs Market
11. Europe, Middle East & Africa Marine Derived Drugs Market
12. Competitive Landscape
12.1. FPNV Positioning Matrix
12.2. Market Ranking Analysis
12.3. Market Share Analysis, By Key Player
12.4. Competitive Scenario
13. Company Usability Profiles
For more information about this report visit Marine Derived Drugs Market Research Report by Type (Ether, Peptide, and Phenol), Source, Mode of Delivery, Region (Americas, Asia-Pacific, and Europe, Middle East & Africa) - Global Forecast to 2027 - Cumulative Impact of COVID-19
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DUBLIN--(BUSINESS WIRE)--The "Solar-Powered Microbes Market - A Global and Regional Analysis: Focus on Type, End-Use Industry, and Country-Wise Analysis" report has been added to ResearchAndMarkets.com's offering.
The use of solar-powered microbes in the food and feed industry is expected to grow significantly in the near future. The demand for solar-powered microbes from end-use industries, namely, wine, bakery, dairy, and probiotics, is increasing rapidly. Also, various government policies supporting solar energy-based industrial production of food in developing countries is a major factor boosting the market growth.
Market Lifecycle Stage
The adoption of solar-powered microbes in the food and feed industry are still in the developing phase. Increased research and development activities are underway to develop solar-powered microbes technology, which will increase the technology adoption by feed, food, and microbes producers.
Increasing investments in the research and development of solar-powered microbes is one of the major opportunities in the solar-powered microbes market. Moreover, solar-powered microbes are highly nutritious compared to conventional microbes.
Impact
Globally, governments are more focused on renewable energy sources to minimize pollution and the cost structure of services and products. Solar energy is the most rapidly expanding and cost-effective source of electricity, especially in the U.S. Over three million photovoltaic (PV) installations have been established in the U.S., with one million being installed in 2019.
With a decrease in the installation cost of solar energy systems, more industries are opting for green energy. This decrease in cost is due to various policies and schemes started by the government in the country, which will expect to drive the demand for the production of solar-powered microbes in the coming years.
With an increased demand for nutritious food and feed, the shift to the eco-friendly production process expects to drive the solar-powered microbes market. This implies that solar-powered microbes can be a great alternative to conventional microbes. The transition may be more prominent in North America and Europe regions.
Market Segmentation
End-Use Industry (Food, Feed)
The solar-powered microbes market in the application segment is expected to be dominated by the food industry. This is due to solar-powered microbes being highly nutritious and their property to be customized and processed to derive various products.
Type (Bacteria, Yeast, Molds)
The yeast solar-powered microbes segment is expected to dominate the product segment of the solar-powered microbes market. This dominance is due to the wide applications of yeast solar-powered microbes. Yeast is consumed in various end-use industries, including bakery and confectionery, dairy, fruits and vegetables, beverages, and meat.
Region
Europe is an early adopter for the solar-powered microbes market due to increasing research and development advancements and supporting government regulations in the Europe region. Europe is an attractive region for the solar-powered microbes market because of consumer awareness for nutritious food.
Impact of COVID-19
The outbreak of the COVID-19 pandemic delayed several solar panel installation projects. The government policies and schemes were also on hold due to significant restrictions. In 2020, the pandemic showed a downturn in solar investment and postponement and cancellations of major panel installations.
However, the growth of nutritious food products increased due to the pandemic as end consumers started demanding healthy products to enhance their immunity strength. Thus, further boosting the demand for solar-powered microbes will increase in the near future.
Recent Developments in Solar-Powered Microbes Market
Key Market Players and Competition Synopsis
Key players in the microbes market analyzed and profiled in the study involve microbes manufacturers that provide microbes to the end-use industry. Moreover, a detailed competitive benchmarking of the players operating in the solar-powered microbes market has been done to help the reader understand how players stack against each other, presenting a clear market landscape.
Additionally, comprehensive competitive strategies such as partnerships, agreements, and collaborations will aid the reader in understanding the untapped revenue pockets in the market.
The companies profiled have been selected based on inputs gathered from primary experts and analyzing company's market coverage, product portfolio, and market penetration.
Some prominent players in the solar-powered microbes market are:
Key Topics Covered:
1 Markets
1.1 Industry Outlook
1.1.1 Market Definition
1.1.2 Market Trends
1.1.2.1 Increasing Demand for Microbes from Feed Industry
1.1.2.2 Increasing Global Population and Demand of Nutritious Food
1.1.2.3 Reducing Manufacturing Cost Attracts Entrepreneurs
1.1.2.4 Growing Application of Lactobacillus from Food and Feed Industry
1.1.3 Ecosystem/Ongoing Programs
1.1.3.1 Consortiums and Associations
1.1.3.2 Regulatory Landscape
1.1.3.3 Government Programs
1.1.3.4 Programs by Research Institutions and Universities
1.2 Business Dynamics
1.2.1 Business Drivers
1.2.1.1 Government Initiatives Promoting Solar Energy
1.2.1.2 High Efficiency of Solar-Powered Microbes
1.2.1.3 Environmental-Friendly Production Technique at Industrial Scale
1.2.2 Business Challenges
1.2.2.1 Lower Adoption Rate of Solar-Powered Microbes
1.2.2.2 High Initial Cost of Setup
1.2.2.3 Unorganized Microbes Market
1.2.3 Business Strategies
1.2.4 Corporate Strategies
1.2.4.1 Acquisitions and Joint Ventures
1.2.4.2 Partnership
1.2.4.3 Investment
1.2.5 Business Opportunities
1.2.5.1 Utilization of Non-Arable Land for Production
1.2.5.2 Scope of Growth for Small and Medium Enterprises
1.2.5.3 Wide Applications of Yeast
1.3 Start-Up Landscape
1.3.1 Key Start-Ups in the Ecosystem
1.3.2 Funding Analysis
1.3.2.1 Major Investors
1.3.2.2 Top Innovation in Solar-Powered Microbes
2 Application
2.1 Solar-Powered Microbes Market (by End-Use Industry)
2.1.1 Introduction
2.1.2 Food
2.1.2.1 Bakery and Confectionery
2.1.2.2 Dairy
2.1.2.3 Fruits and Vegetables
2.1.2.4 Beverages
2.1.2.5 Meat
2.1.3 Feed
3 Products
3.1 Solar-Powered Microbes Market (by Type)
3.1.1 Introduction
3.1.2 Molds
3.1.2.1 Morphological Characteristics
3.1.2.2 Physiological Characteristics
3.1.2.3 Classification of Molds and Industrial Importance of Molds
3.1.3 Yeast
3.1.3.1 Morphological Characteristics
3.1.3.2 Physiological Characteristics
3.1.3.3 Classification of Yeast and Industrial Importance of Yeast
3.1.3.3.1 Saccharomyces Cerevisiae
3.1.3.3.2 Non-Saccharomyces Yeasts
3.1.4 Bacteria
3.1.4.1 Morphological Characteristics
3.1.4.2 Physiological Characteristics
3.1.4.3 Classification of Bacteria and Industrial Importance of Bacteria
3.1.4.3.1 Bacillus: Rod-shaped
3.1.4.3.2 Coccus: Spherical Shaped
3.1.4.3.2.1 Spirillum
3.1.4.3.2.2 Spirochete
3.1.4.3.3 Coccobacillus: Oval Shaped
3.2 Solar-Powered Microbes Market: Value Chain Analysis
4 Region
5 Markets - Competitive Benchmarking & Company Profiles
5.1 Company Overview
5.1.1 Role in the Solar-Powered Microbes Market
5.1.2 Product Portfolio
5.1.3 Corporate Strategies
5.1.3.1 Joint Ventures
5.1.4 Strengths and Weaknesses
For more information about this report visit https://www.researchandmarkets.com/r/4e6gza.
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Collaboration with diverse stakeholder council to advance 100% carbon-free future
PHOENIX--(BUSINESS WIRE)--As more people and companies move in record numbers to the state, Arizona Public Service Co. (APS) customers will have cleaner electricity to power their lives and businesses through a new 2022 All Source Request for Proposals (RFP). Since announcing its Clean Energy Commitment in 2020, the utility is adding more than one gigawatt (GW) of clean energy resources to its diverse power supply. While Arizona continues to have hotter summers and rapid population and economic growth, APS is looking ahead at future customer needs and issuing a new RFP developed in partnership with the APS Resource Planning Advisory Council (RPAC).
“Arizona is one of the fastest growing states in the country and the power we provide communities and businesses is the backbone of our state’s prosperity, safety and well-being,” said Justin Joiner, APS Vice President of Resource Management. “There’s a historic population boom happening and it’s our job to plan and invest in an affordable energy future with long-term sustainability and reliability our customers can count on 24/7, 365 days a year.”
Formed in 2021, the APS RPAC includes local consumer advocates, university representatives, and environmental and public interest organizations. Originally created to support the utility’s integrated resource planning, this group participated in a transparent and flexible meeting and workshop series to develop the new All Source RFP. This broad market solicitation will help APS exit from coal-fired generation by 2031 and maintain adequate power supply to serve customers.
“To get the right combination of resources, we need collaboration. The stakeholder advisory council shared important, diverse perspectives that we incorporated into the design of our new RFP. Together, we’re finding solutions to the resource complexities unfolding in the West and the driving energy demand on our system,” Joiner described.
2022 All Source RFP:
APS is conducting an All Source RFP to meet the power needs of residential and business customers with affordable, reliable and clean electricity through the 2025-2027 time frame.
“While a traditional RFP spells out the specific resources needed, with an All Source RFP, we will consider any demand-side, electric or energy storage resource. This provides more flexibility and innovation in the options proposed,” Joiner explained.
This RFP is open to all technologies, including supply side and non-supply side resources. Proposed projects must be in service beginning in 2025 through June 2027. APS is seeking approximately 1,000 to 1,500 megawatts (MW) of resources, including up to 600 to 800 MW of renewable resources, which will meaningfully increase the amount of clean energy on the APS electric system.
Closer to a Carbon-Free Future:
The new resources that will come from the 2022 RFP will add to the more than one GW of clean energy secured through an All Source RFP and separate Battery Energy Storage RFP issued in 2020. What does one GW mean for customers? APS estimates that approximately 150,000 homes in its service territory can be powered by this energy. According to the Department of Energy, one GW is also the equivalent power of more than three million solar panels, 110 million LED light bulbs and more than 9,000 electric cars.
APS’s portfolio of new resources will be in service for customers no later than 2024 and will include:
The entire RFP process is monitored and reviewed by an independent third-party. Information about the 2022 All Source RFP can be found at aps.com/rfp. To learn about the APS RPAC, visit aps.com/resources.
APS serves more than 1.3 million homes and businesses in 11 of Arizona’s 15 counties, and is a leader in delivering affordable, clean and reliable energy in the Southwest. The company is committed to serving customers with 100% clean power by 2050. As owner and operator of Palo Verde Generating Station, the nation’s largest producer of carbon-free electricity, and with one of the country’s most substantial renewable energy portfolios, APS’s current energy mix is 50% clean. With headquarters in Phoenix, APS is the principal subsidiary of Pinnacle West Capital Corp. (NYSE: PNW).
Forward-Looking Statements
This news release contains forward-looking statements based on current expectations. These forward-looking statements are often identified by words such as "estimate," "predict," "may," "believe," "plan," "expect," "require," "intend," "assume," "project," "anticipate," "goal," "seek," "strategy," "likely," "should," "will," "could," and similar words. Because actual results may differ materially from expectations, we caution readers not to place undue reliance on these statements. Several factors could cause future results to differ materially from historical results, or from outcomes currently expected or sought by Pinnacle West or APS. These factors include, but are not limited to:
Media Contact:
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480-209-8513
Analyst Contact:
Amanda Ho
602-250-3334
Website: aps.com/newsroom
Acquisition of country’s leading cold storage operator adds a key market to ambitious Central America strategy.
SÃO PAULO, Brazil--(BUSINESS WIRE)--Emergent Cold Latin America (Emergent Cold LatAm), the fastest-growing refrigerated storage and logistics service provider in Latin America, announced today the acquisition of Bodegas Frias, the largest third-party cold storage operator in Guatemala. This acquisition marks Emergent Cold LatAm’s entry into Guatemala – the largest economy in Central America with an important role in global food trade. It also represents the first of several planned investments by Emergent Cold LatAm in this important strategic market.
Founded in 2006, Bodegas Frias is the clear market leader in Guatemala. Bodegas operates three facilities in Palín, Villa Nueva and Xela (Quetzaltenango), with a total capacity of almost 20,000 pallet positions and additional land for expansion. The facilities are strategically located in the main metropolitan cities in Guatemala. Bodegas Frias offers comprehensive storage and logistics solutions including handling and transport.
This announcement is the latest in a string of acquisitions by Emergent Cold LatAm across the region. Last month, the company announced its first investment in Colombia with the acquisition of Frigometro Metropolitano, and quickly followed this up with the acquisition of Polo Logístico de Frio in Uruguay. With the addition of Bodegas Frias, Emergent Cold LatAm now operates in a total of nine countries, inclusive of new builds under way in Dominican Republic, Ecuador and Perú.
“We are thrilled to welcome the Bodegas Frias team to our growing regional network of cold stores,” said Neal Rider, CEO of Emergent Cold LatAm. “Guatemala is an important part of our Central America investment strategy for its growing domestic consumption and its role in global trade, and we’re particularly pleased to partner with the country’s premier operator. I wish to congratulate Bodegas Frias management team for his great success. I also wish to acknowledge and thank our partners at Losa Group, who provided valuable support and guidance throughout this process.”
“We see enormous opportunities in Guatemala,” said David Palfenier, President of Emergent Cold LatAm. “There is strong customer demand for follow-on investments that will both develop Guatemala’s growing distribution network, and improve connectivity with the Ports of Puerto Barrios and Santo Tomás. Bodegas Frias is the perfect anchor investment for our ambitious regional plans.”
44 Capital Finanças Corporativas acted as financial advisor and BLP acted as legal advisor to Emergent Cold LatAm.
About Emergent Cold LatAm:
Emergent Cold Latin America (www.emergentcold.com) is building a world-class, end-to-end refrigerated storage chain to provide logistic integrated solutions for refrigerated food for clients throughout Latin America. The Company was founded to meet the modern solutions needs in refrigerated chain and the growing demand of clients in domestic and foreign trade.
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First-of-its-kind 3D residence to develop by Summer 2022 in Ontario, Canada
WINDSOR, Ontario--(BUSINESS WIRE)--#3D--Habitat for Humanity Windsor-Essex, is partnering with the University of Windsor and nidus3D – Canada’s leaders in 3D construction printing, on the nation's first permitted 3D printed residential homes.
This historic project – on the site of Leamington’s The Bridge Youth Resource Centre – is a key step in increasing access to affordable housing in Canada.
“This will be a historic build, the first 3D printed homes for residential use in this country, and potentially a game-changing solution to the current housing crisis. Habitat Windsor-Essex is working with the University of Windsor to learn more about how this new technology can potentially shorten construction times, and, over time, reduce input costs. Habitat W-E will benefit from the learning here, and those learnings could have a far-reaching impact for Habitat, and for the construction industry more broadly,” said Fiona Coughlin, Executive Director & CEO Habitat for Humanity Windsor.
This build is partially funded through Canada Mortgage and Housing Corporation’s Innovation Fund. And thanks to the latest partnership with nidus3D, Habitat for Humanity is leaning on the company’s cutting-edge 3D construction technology to make home ownership more affordable in Canada.
“In Windsor-Essex alone, there are currently 6,500 individuals that are homeless or at risk of homelessness, and the current solutions are simply not adequate in addressing this issue,” said, Ian Arthur, President & Founder nidus3D. “nidus3D is driven by the mission for increasing access to housing, and we’re deeply honoured for building the first multi-unit 3D printed homes in North America. This historic build serves as proof-of-concept for future builds, and paves the path for quicker and more cost-effective homes for Canadian families.”
During COVID, there was devastating impact of co-living on rooming houses and other communal living spaces. There was loss of life that could have been prevented.
Krista Rempel, Executive Director for The Bridge Youth Resource Centre states, “We’re grateful for the opportunity to be part of this historic build. The Bridge is investing in housing through this collaborative opportunity to not only do their part in addressing this housing crisis but the initiative will also support on-going operating dollars to sustain the organization long-term.”
This first-of-its-kind project will result in four units, in a self-contained home each unit measuring 560 square feet.
“We are very proud to be an active partner and research collaborator in this landmark research project of 3D printed home construction,” said Dr. Sreekanta Das, Professor of Civil Engineering at the University of Windsor.
This construction project will help forming the design codes and standards on 3D printed constructions.
“We are excited about this innovative solution to addressing the national housing crisis,” said Hilda MacDonald, Mayor of the Municipality of Leamington. “We are very grateful the Municipality of Leamington was selected as the location of this first-of-its-kind fully accessible 3-D multi-unit residential build.”
The 3D printed homes will be available by Summer 2022 for individuals and couples in need of attainable housing. For more information, visit: 3D Printed Homes Partnership.
About Habitat for Humanity Windsor-Essex
Habitat for Humanity Windsor-Essex is a non-profit organization working for a world where everyone has a safe and decent place to live. You can support Habitat for Humanity Windsor-Essex by donating or shopping at the Restore located at 51 Edinborough St. in Windsor. Visit www.habitatwindsor.org for more information.
About nidus3D
nidus3D is a strategic partner and distributor of COBOD BOD2 printers based out of Kingston, Ontario. With experience in construction, lean manufacturing, and public affairs, the team at nidus3D is actively deploying 3DCP (3D Construction Printing) technology to lower building costs and increase access to housing that is resilient, efficient and sustainable, all while complying with Canadian building standards. Visit nidus3d.com for more information.
About The Bridge Youth Resource Centre
The Bridge is a non-profit organization focused on the vision to help every youth reach their potential. Individuals can learn more about The Bridge, including giving opportunities, by visiting www.thebridgeyouth.ca.
About University of Windsor
The University of Windsor is a leading research and teaching university located in Windsor, Ontario, Canada. The Department of Civil and Environmental Engineering is an academic department within the Faculty of Engineering that has been researching the development of environmentally-friendly, sustainable printing materials, as well as the applications of 3D printing in construction to resolve the ongoing domestic housing crisis.
Habitat for Humanity Windsor-Essex
Fiona Coughlin
Executive Director, CEO
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nidus3D Inc.
Ian Arthur
President, CEO
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University of Windsor
Sreekanta Das, PhD, PEng
Professor of Civil Engineering
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Future of Energy Scholarship Fund launched this year to remove financial barriers, boost diversity and inclusion in STEM and energy careers
CHICAGO--(BUSINESS WIRE)--ComEd today announced it will award $279,500 in scholarships to 56 local students pursuing college coursework in science, technology, engineering and math (STEM) and related fields this fall. The new Future of Energy Scholarships are part of ComEd’s growing efforts to build a more diverse future energy workforce by removing obstacles for women and minority students pursuing STEM careers.
The 56 students selected to receive scholarships reflect the diversity of the communities that ComEd serves, with scholars hailing from 28 different community areas across northern Illinois. More than 50 percent of the scholarship recipients are minorities and nearly two-thirds are women. One fifth of the scholars are committed to attend an Historically Black College or University (HBCU) in the fall. A full list of the spring 2022 scholarship recipients can be found here.
“ComEd requires skilled talent as we work to confront climate change and prepare for our clean energy future,” said Gil C. Quiniones, CEO of ComEd. “The Future of Energy Scholarship is a key component of the work we are doing to create a local, diverse pipeline of talent to meet new demands of the industry and ensure equitable opportunity for our communities across the region so they can benefit from the growth of well-paying clean energy jobs in the years ahead.”
The Future of Energy Scholarship provides college bound high school seniors and current college students with awards ranging from $1,000 to $10,000, which may be used to cover tuition and related expenses, in addition to the chance to pursue a ComEd internship where students gain direct career experience in the energy industry.
"I am appreciative to ComEd for this scholarship award as I prepare to attend Howard University to pursue my goal to become an engineer,” said Chase Easley, student from Schaumburg who will be majoring in engineering at Howard University this fall. “Through my involvement in STEAM courses in high school, I have learned the importance of renewable energy for our environment, and I look forward to building the skills that will help me create a more sustainable future for my community.”
To be eligible for an award, students were required to demonstrate acceptance to a STEM, business or relevant degree program, and a minimum 2.8 GPA. Priority consideration was made for minorities and women, students with a demonstrated financial need, and students headed to an HBCU program. Since announcing the program in February, ComEd expanded funding to provide additional support for qualifying students who met needs-based criteria.
“Pursuing a degree in engineering has always been a dream for me, and with the ComEd Future of Energy scholarship, I look forward to pursuing my passion for computer science this fall,” said Kelly Lin, student from Chicago who will attend the University of Illinois Urbana-Champaign. “I am honored to have received this award and an internship with ComEd, and I have never been more motivated to make myself and my family proud with these opportunities.”
To recruit scholars for this opportunity, ComEd worked with a program administrator, National Energy Education Development (NEED) Project, to promote the program across various channels including job and community resource fairs, within local school systems, youth providers, workforce agencies, and more.
“We are honored to partner with ComEd for the Future of Energy Scholarships. The exceptional students who are receiving these scholarships reflect the diversity of a growing energy industry and STEM as a whole,” said Mary Spruill, Executive Director of The NEED Project. “The ingenuity, talent, and curiosity exhibited by each of these students will shape the future of the energy as we consider the opportunities and challenges ahead.”
Advancements in clean energy technology are expected to fuel new jobs for the future, with green jobs estimated to jump from 9 million to 24 million by 2030. To ensure diverse local residents can benefit from these opportunities, ComEd is taking steps to address the current inequities in STEM, which includes as few as 9 percent of STEM jobs occupied by Black Americans, 7 percent by Latinos, and only 27 percent by women, despite their being more than half of the eligible workforce.
“As a computer science major, concerned about the future of our planet, I am interested in working with smart grids to integrate renewable energy sources like solar,” said Vanessa Medrano, student from Streamwood who will be majoring in computer science and programming at the University of Illinois Urbana-Champaign. “I am thankful for the scholarship to support my education and for the opportunity to intern at ComEd. This internship will give me a first-hand look at working with smart grid technology and learn from experts in the field I am pursuing.”
The Future of Energy Scholarship program builds on the array of STEM education and college preparatory programs offered by ComEd and its parent company, Exelon, including: the DePaul Scholarship program, STEM scholarships for Illinois Tech and University of Illinois programs, the Exelon HBCU Scholarship Fund, and various high school training and mentorship programs geared toward promoting women and minorities in the STEM fields. To inspire more young women to enter STEM fields, ComEd will also host its first-ever EV Rally this summer, a competition that challenges teens to build electric-powered racecars.
To expand future pathways to college, ComEd expects to issue another $250,000 in scholarship opportunities later this year for 2023 college students. For updates on these and other career assistance opportunities, please visit www.comed.com/workforce
ComEd Media Relations
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DALLAS & HOUSTON--(BUSINESS WIRE)--Texas Pacific Land Corporation (NYSE: TPL) (“TPL”), Mawson Infrastructure Group Inc. (NYSE: MIGI) (“Mawson”), and JAI Energy (“JAI”) have entered into a strategic alliance to develop up to 60 megawatts of bitcoin mining on TPL’s surface in West Texas.
Based on utilization of current generation Bitcoin mining hardware, these new facilities – which will be owned and operated by Mawson – could accommodate up to 2.0 Exahash of Bitcoin mining operational capacity. TPL and JAI will earn a net royalty interest and retain an option to acquire an equity stake. Mawson intends to participate in demand response programs as part of its power procurement strategy and is evaluating behind-the-meter renewable solutions. Mawson and JAI have four locations planned in Texas, with two located on TPL’s surface. Construction is expected to commence in the second quarter of 2022, and operations targeted to begin in the fourth quarter of 2022.
“This project marks the beginning of TPL’s journey into bitcoin, and we are fortunate to collaborate with Mawson and JAI as two highly regarded companies in the bitcoin mining industry,” said Tyler Glover, CEO of TPL. “We believe TPL’s extensive surface footprint in West Texas can serve as a premier destination for the bitcoin mining industry, providing site locations proximate to existing grid infrastructure and excellent solar and wind resource for future renewable power procurement. We are aligned to see this venture succeed and scale as we look to leverage our unique asset base, industry and customer relationships, and the region’s energy abundance. For TPL, our shareholders will benefit from a unique royalty stream while retaining an option to participate as an equity partner.”
“Texas is rapidly emerging as an attractive new Bitcoin mining destination in the United States, and we are eager to establish a foothold in the state,” said James Manning, CEO and Founder of Mawson. “Community engagement and sustainability are important priorities for Mawson, and we look forward to being a responsible corporate citizen in the communities in which we operate. We are excited to have partnered with JAI and TPL, and we believe our combined efforts and competencies will provide substantial opportunities for future development.”
“We’re thrilled to join with TPL and Mawson to bring bitcoin mining to Texas,” said Justin Ballard, founding partner of JAI Energy. “As a former long-time professional in the oil and gas industry, I believe that bitcoin can serve as a great complement to the oil patch and together achieve success. Additionally, it is extremely valuable to the entire Bitcoin mining space to see a group like TPL getting involved in the industry. JAI Energy strives to educate energy companies and landowners on the benefits that Bitcoin mining can bring, and we applaud TPL for being a leader and jumping at the opportunity to enter this emerging industry.”
Forward Looking Statements
Certain matters contained in this press release include “forward-looking statements.” All statements, other than statements of historical fact, included in this press release may constitute forward-looking statements. Although we believe that the expectations reflected in these forward-looking statements are reasonable, we cannot assure you that these expectations will prove to be correct. These forward-looking statements are subject to certain known and unknown risks and uncertainties, as well as assumptions that could cause actual results to differ materially from those reflected in these forward-looking statements. Factors that might cause actual results to differ include, but are not limited to, the risk factors discussed from time to time in each of our documents and reports filed with the SEC.
Readers are cautioned not to place undue reliance on any forward-looking statements contained in this press release, which reflect management’s opinions only as of the date hereof. Except as required by law, we undertake no obligation to revise or publicly release the results of any revision to any forward-looking statements.
About Texas Pacific Land Corporation
Texas Pacific Land Corporation (NYSE: TPL) is one of the largest landowners in the State of Texas with approximately 880,000 acres of land in West Texas, with the majority of its ownership concentrated in the Permian Basin. The Company is not an oil and gas producer, but its surface and royalty ownership allow revenue generation through the entire value chain of oil and gas development, including through fixed fee payments for use of our land, revenue for sales of materials (caliche) used in the construction of infrastructure, providing sourced water and treated produced water, revenue from our oil and gas royalty interests, and revenues related to saltwater disposal on our land. The Company also generates revenue from pipeline, power line and utility easements, commercial leases, and seismic and temporary permits related to a variety of land uses including midstream infrastructure projects and hydrocarbon processing facilities.
About Mawson Infrastructure Group
Mawson Infrastructure Group (NASDAQ: MIGI) is a digital infrastructure provider, with multiple operations throughout the USA and Australia. Mawson’s vertically integrated model is based on a long-term strategy to promote the global transition to the new digital economy. Mawson matches sustainable energy infrastructure with next-generation mobile data centre (MDC) solutions, enabling low-cost Bitcoin production and on-demand deployment of infrastructure assets. With a strong focus on shareholder returns and an aligned board and management, Mawson Infrastructure Group is emerging as a global leader in ESG focused Bitcoin mining and digital infrastructure.
For more information, visit: www.mawsoninc.com
About JAI Energy
JAI Energy was formed specifically to mine and provide Bitcoin mining services for applications involving stranded, flared, and poor economic natural gas streams. JAI Energy has its own mining farm located in Wyoming, currently the largest Bitcoin mining farm in the State. JAI is also providing solutions for producers, midstream groups, and energy providers to allow them to capture value off their excess energy. JAI is based out of Casper, Wyoming which is also where all manufacturing of its portable mining data centers takes place.
For more information, visit: https://jaienergy.com/.
TPL Investor Relations
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JAI Energy
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ATLANTA--(BUSINESS WIRE)--Preferred Apartment Communities, Inc. (NYSE: APTS) ("PAC" or the "Company") today announced that it has published its inaugural Environmental, Social and Governance (ESG) Report. While ESG values have long been core to the Company’s business practices, this publication provides a comprehensive overview of PAC’s ESG efforts, both for the Company’s core operations and for PAC’s broader real estate portfolio.
In addition to providing quantitative results for calendar year 2021, PAC’s ESG report provides insights into the Company’s strategic focus and purposeful approaches to corporate responsibility regarding PAC’s own operations and community impact as well as the operations and impacts of the residents and tenants across PAC’s portfolio.
“While we have featured Environmental, Social and Governance information on our website for some time now, we are excited to share our ESG efforts and successes through this formal ESG Report. This is a key focus of our Board and entire team, and we are committed to all aspects of corporate responsibility, for our stakeholders, communities, and the broader world,” stated Joel T. Murphy, PAC’s Chairman and Chief Executive Officer.
This inaugural ESG Report reflects the ongoing commitment from PAC’s senior leadership team to corporate responsibility, and the work of the Company’s ESG Committee. Members of the Committee include: John Isakson, Chief Financial Officer; Mike Cronin, Chief Accounting Officer; Paul Cullen, Executive Vice President, Investor Relations; Ginger Park, Chief Accounting Officer - Retail; Michael Mangrum, Director of Internal Audit; and Jared Seff, SVP, Deputy General Counsel and Assistant Corporate Secretary.
Environmental
Core areas of Environmental focus include reducing energy and water consumption at the property operations and resident and tenant levels, improving waste management and recycling programs, and encouraging the use of reduced-emissions transportation options.
Key highlights include:
Social
On the Social front, PAC’s people remain the Company’s most valuable asset, and PAC is investing it its team and communities through workforce development, health and wellness, and community involvement programs.
Key highlights include:
Governance
Corporate Governance has long been an area of strength for the Company. PAC operates under a Code of Business Conduct and Ethics dedicated to maintaining the highest integrity and standards of ethics, and PAC’s Board of Directors has developed and adopted Corporate Governance Guidelines to promote the functioning of the Board and its committees.
Accessing the Report
This Environmental, Social and Governance Report follows the SASB Reporting Guidelines, which represents the industry gold standard for corporate ESG reporting. Readers can access the digital version of the report by clicking [here].
About Preferred Apartment Communities, Inc.
Preferred Apartment Communities, Inc. (NYSE: APTS) is a real estate investment trust engaged primarily in the ownership and operation of Class A multifamily properties, with select investments in grocery anchored shopping centers. Preferred Apartment Communities’ investment objective is to generate attractive, stable returns for stockholders by investing in income-producing properties and acquiring or originating multifamily real estate loans. As of March 31, 2022, the Company owned or was invested in 113 properties in 13 states, predominantly in the Southeast region of the United States. Learn more at www.pacapts.com.
Forward-Looking Statements
This press release may contain 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 statements may be identified by the use of forward-looking terminology such as "may", "trend", "will", "expects", "plans", "estimates", "anticipates", "projects", "intends", "believes", "goals", "objectives", "outlook" and similar expressions. Because such statements include risks, uncertainties and contingencies, actual results may differ materially from the expectations, intentions, beliefs, plans or predictions of the future expressed or implied by such forward-looking statements. PAC undertakes no obligation to update these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events, except as may be required by law.
Preferred Apartment Communities, Inc.
John A. Isakson 770-818-4109
Chief Financial Officer
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Preferred Apartment Communities, Inc.
Paul Cullen 770-818-4144
Executive Vice President-Investor Relations
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SAN RAMON, Calif.--(BUSINESS WIRE)--Chevron Corporation (NYSE: CVX) today announced a contribution of $250,000 from the Chevron Global Community Fund to the All Together NM Fund and Taos Community Foundation to support relief efforts for wildfires in New Mexico.
"Chevron is committed to supporting first responders, local governments, and non-profit organizations as they fight to contain fires across Taos and Colfax counties in northern New Mexico," said Mark Urfer, manager of Chevron's Questa Site in Questa, New Mexico, which has employees, contractors, and community partners affected by the situation. "The company's donations reflect our commitment to helping people in the communities where we do business.”
The All Together NM Fund and the Chevron Questa Grants for Good Fund at Taos Community Foundation will each receive a $125,000 donation to support immediate relief efforts throughout the state. In addition, the company will match qualifying donations to wildfire relief efforts made by employees and retirees, as well as provide financial contributions to non-profit organizations where employees volunteer.
"Through our legacy companies, Chevron has been active in New Mexico since the early 1920s," said Ryder Booth, vice president of Chevron North America Exploration & Production Company's Mid-Continent Business Unit, which includes the company's significant Permian Basin assets in New Mexico and Texas. "Our heartfelt thoughts are with every New Mexican affected by fires in the state, including the firefighters and other responders working tirelessly in challenging conditions.”
About Chevron
Chevron is one of the world’s leading integrated energy companies. We believe affordable, reliable and ever-cleaner energy is essential to achieving a more prosperous and sustainable world. Chevron produces crude oil and natural gas; manufactures transportation fuels, lubricants, petrochemicals and additives; and develops technologies that enhance our business and the industry. We are focused on lowering the carbon intensity in our operations and seeking to grow lower carbon businesses along with our traditional business lines. More information about Chevron is available at www.chevron.com.
About the All Together NM Fund
The All Together NM Fund was established in 2020 by the New Mexico Coalition of Community Foundations in conjunction with the Office of Governor Michelle Lujan Grisham to help New Mexico respond to and eventually recover from the COVID-19 pandemic. Support from the All Together NM Fund is currently going to emergency shelter, food and water distribution, and other critical services for New Mexicans affected by recent wildfire disasters across the state. Santa Fe Community Foundation, which serves as the fiscal agent for the All Together NM Fund, has awarded $116 million in grants since 1981.
About Taos Community Foundation
Taos Community Foundation, home of the Chevron Questa Grants for Good Fund, is dedicated to serving the unique needs of the communities of Taos County and western Colfax County. The organization's philanthropic efforts seek to enrich the lives and opportunities of citizens and protect the environment. Taos Community Foundation is currently awarding grants to support direct assistance for those impacted by wildfires in northern New Mexico. The organization has awarded over $9.3 million dollars in grants and scholarships since 1998.
Deena McMullen
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(432) 363-7085
Unique coalition aims to develop a clean hydrogen ecosystem to help cut carbon dioxide emissions in the state
TEMPE, Ariz.--(BUSINESS WIRE)--Four Arizona energy providers and the state’s three public universities are forming a new, interdisciplinary coalition with the goal of attaining a carbon neutral economy in Arizona. Faced with the complexity of reducing carbon dioxide (CO2) emissions across economic sectors, and the urgency to respond to the climate crisis, this coalition will combine its expertise to launch a new center to begin working immediately on strategies and solutions.
Leading professionals from Arizona Public Service Co., Salt River Project, Tucson Electric Power and Southwest Gas, and from Arizona State University, the University of Arizona and Northern Arizona University, will play a crucial leadership role in helping Arizona explore options and strategic pathways that move the state toward a carbon-neutral and thriving economy.
To begin, the coalition established a new ASU-based center called the “Center for an Arizona Carbon-Neutral Economy,” housed within the Julie Ann Wrigley Global Futures Laboratory™ on the ASU Tempe campus. Among its first undertakings, the center will pursue the creation of a regional clean hydrogen hub.
Hydrogen can fuel chemical reactions that release clean energy and produce only water – H2O, not CO2. That means much of the energy used to create pure hydrogen can be essentially “stored” in the gas itself and used to provide carbon-free energy or feedstock on demand. Tapping this potential could help reduce carbon emissions in many sectors of the economy.
In late-October 2021, the U.S. Congress passed the bipartisan Infrastructure Investment and Jobs Act, which the President signed in mid-November 2021. The law establishes program guidance and funding to create regional clean hydrogen hubs, which the coalition will seek. The clean hydrogen hub, while still being fully defined, will include hydrogen producers, consumers, and a connected infrastructure so that supply and demand are in sync and appropriately buffered with storage.
A successful regional clean hydrogen hub will help address difficult-to-reduce carbon dioxide emissions in the state, as well as grow Arizona’s economy, attract new businesses and create high-quality jobs. When fully operational, a new hub would help support a reliable and resilient electric grid, provide clean energy for the electric, transportation and industrial sectors, and potentially create economic development opportunities in communities that are adversely impacted by the closure of fossil-fueled plants.
Involving these communities in the process is a critical component of the coalition’s work. By engaging a wide range of diverse stakeholders, the group will develop a shared strategy to create a new hydrogen ecosystem and industry in Arizona. Stakeholders will be part of a collaborative network that directly involves communities, tribes, businesses, universities, government agencies, nonprofit organizations, and other interested parties in the process.
Collectively defining the vision, governance, and organizational structure for the hub requires a deeper dive into a myriad of assets and resources available in the state, and this effort is already underway.
Arizona is one of the nation's sunniest states, with significant available undeveloped land and abundant clean energy resources. It has the largest nuclear power plant in the nation, energy providers that have committed to reduce carbon dioxide emissions, world-class innovative universities, an established and growing industry base, and a healthy environment for innovation and start-ups. These resources, along with the region’s highly skilled workforce, can be used in producing, moving, storing and using hydrogen. While Arizona is currently a net energy importer, these assets could help the state become an energy exporter, bolstering its economy and helping others’ efforts to achieve their clean energy goals.
Company remarks:
Arizona State University
“ASU’s Global Futures Laboratory exists precisely to take on the challenge of creating a future of opportunity,” said Peter Schlosser, Vice President and Vice Provost of the Julie Ann Wrigley Global Futures Laboratory at ASU. “We welcome the establishment of this new Center, and we are eager to work with the brightest minds from Arizona’s leading energy companies and our sister universities to explore the most effective ways to develop a sustainable and thriving carbon neutral economy.”
University of Arizona
“The University of Arizona is dedicated to a future for Arizona that is both economically and environmentally resilient. The new coalition, as well as the Center for an Arizona Carbon-Neutral Economy, will help create and secure that future,” said Elizabeth “Betsy” Cantwell, UArizona senior vice president for research and innovation. “We are thrilled to partner with our fellow state universities and local utilities to leverage the power of our place in a living laboratory and create scalable infrastructure for a clean, resilient Arizona.”
Northern Arizona University:
“NAU has a long legacy of leadership and commitment to sustainability, and this new partnership creates incredible opportunities for our students, faculty and staff to help tackle the important work of creating a carbon-neutral future for Arizona,” said Jason Wilder, NAU Vice President for Research. “We’re thrilled to be able to help design a cleaner economy that will sustain Arizona into the future and to train the workforce that will be essential to bring these innovations into practice.”
Arizona Public Service
“The need to address the causes and impacts of climate change has never been more important. By partnering with Arizona’s universities and peer utilities, this statewide hub will help advance hydrogen as a clean-energy solution with tremendous potential to accelerate decarbonization,” said APS Chairman, President and CEO Jeff Guldner. “It also will further Arizona’s reputation as a national leader in the clean energy transition while creating economic opportunities for our state and its people.”
Salt River Project
“This challenge is bigger than any one company or industry. SRP appreciates the support and vision of this diverse set of partners willing to roll up their sleeves, work together and find solutions to become a low-net-carbon Arizona.” said Mike Hummel, CEO and General Manager of Salt River Project.
Tucson Electric Power
“The development of a regional clean hydrogen hub could provide critical support for our ongoing transition to a cleaner, cleaner grid,” said Susan Gray, President and CEO of TEP and its parent company, UNS Energy. “We’re looking forward to working together to turn this vision into real, sustainable growth for Arizona’s economy.”
Southwest Gas
“Southwest Gas is committed to helping our customers and the communities we serve achieve emissions reductions goals. Advancing hydrogen technology and increasing availability of hydrogen to the market is strategically important to achieving our clean energy goals. With existing infrastructure that can be used to transport this powerful clean fuel, Southwest Gas is excited to work with this coalition and stakeholders to lead efforts to bring a regional hydrogen hub to our State,” said Dr. Laura Nelson, Vice president, Sustainability and Public Policy
Arizona Sen. Mark Kelly
“Arizona has tremendous potential to lower greenhouse gas emissions by producing clean-burning hydrogen using solar energy,” said Senator Mark Kelly. “I look forward to working with the coalition to increase hydrogen production in our state.”
Arizona Sen. Kyrsten Sinema
“Today’s partnership will pave the way towards a carbon-neutral economy by 2050, creating the jobs of the future and fueling innovation and sustainable energy sources throughout our state,” said Arizona senior Senator Kyrsten Sinema.
Company information
Arizona Public Service (APS)
APS serves more than 1.3 million homes and businesses in 11 of Arizona’s 15 counties, and is a leader in delivering affordable, clean and reliable energy in the Southwest. The company is committed to serving customers with 100% clean power by 2050. As owner and operator of Palo Verde Generating Station, the nation’s largest producer of carbon-free electricity, and with one of the country’s most substantial renewable energy portfolios, APS’s current energy mix is 50% clean. With headquarters in Phoenix, APS is the principal subsidiary of Pinnacle West Capital Corp. (NYSE: PNW).
Salt River Project
SRP is a community-based, not-for-profit public power utility and the largest electricity provider in the greater Phoenix metropolitan area, serving approximately 1.1 million customers. SRP provides water to about half of the Valley’s residents, delivering more than 244 billion gallons of water (750,000 acre-feet) each year, and manages a 13,000-square-mile watershed that includes an extensive system of reservoirs, wells, canals and irrigation laterals.
Southwest Gas
Celebrating 90 years of providing clean, affordable natural gas service, Southwest Gas Corporation proudly serves over two million customers in Arizona, California, and Nevada safely and reliably. For more information about Southwest Gas, please visit www.swgas.com
Tucson Electric Power (TEP)
TEP provides safe, reliable electric service to more than 438,000 customers in Southern Arizona. For more information, visit tep.com. TEP and its parent company, UNS Energy, are subsidiaries of Fortis Inc. (TSX/NYSE: FTS), which owns utilities that serve more than 3 million customers across Canada and in the United States and the Caribbean. For more information, visit fortisinc.com.
Arizona State University
Arizona State University, ranked No. 1 “Most Innovative School” in the nation by U.S. News & World Report for seven years in succession, has forged the model for a New American University by operating on the principles that learning is a personal and original journey for each student; that they thrive on experience and that the process of discovery cannot be bound by traditional academic disciplines. Through innovation and a commitment to accessibility, ASU has drawn pioneering researchers to its faculty even as it expands opportunities for qualified students.
Northern Arizona University
Northern Arizona University is a high-research institution providing exceptional educational opportunities in Arizona and beyond. NAU delivers a student-centered experience to its nearly 30,000 students in Flagstaff, statewide and online through rigorous academic programs in a supportive, inclusive and diverse environment. Dedicated, world-renowned faculty help ensure students achieve academic excellence, experience personal growth, have meaningful research opportunities and are positioned for personal and professional success.
The University of Arizona
The University of Arizona, a land-grant university with two independently accredited medical schools, is one of the nation's top 50 public universities, according to U.S. News & World Report. Established in 1885, the university is widely recognized as a student-centric university and has been designated as a Hispanic Serving Institution by the U.S. Department of Education. The university ranked in the top 20 in 2020 in research expenditures among all public universities, according to the National Science Foundation, and is a leading Research 1 institution with $761 million in annual research expenditures. The university advances the frontiers of interdisciplinary scholarship and entrepreneurial partnerships as a member of the Association of American Universities, the 66 leading public and private research universities in the U.S. It benefits the state with an estimated economic impact of $4.1 billion annually.
The SHARROW PROPELLER™ design, which increases efficiency as much as 40% percent, now has 78 patents around the globe
DETROIT--(BUSINESS WIRE)--With new patents granted in Chile, Hong Kong, Philippines and Vietnam, Sharrow Engineering now has a total of 78 patents to protect embodiments of the unique SHARROW PROPELLER™. Securing patent protection across the globe advances Sharrow Engineering’s efforts to rapidly deliver a more efficient propeller technology to boat motors and, ultimately, other propeller-driven systems.
“With these new patent assignments, we are positioned well for manufacturing, joint-venture and licensing opportunities in multiple market segments around the world for our propellers,” said Greg Sharrow, founder, and CEO of Sharrow Engineering, who is working to more than quadruple the company’s manufacturing output by 2023.
In addition, the company has filed more than 100 patent applications with the U.S. Patent and Trademark Office (USPTO) and foreign patent offices to protect the intellectual property rights for the Sharrow Propeller™. Already, patents have been awarded in the U.S., Australia, Canada, Chile, China, Europe (14 countries), Japan, Mexico, New Zealand, Philippines, South Korea, Singapore, South Africa, Russia and Taiwan – with many other patent applications pending in countries around the globe.
The SHARROW PROPELLER™ has garnered widespread attention for its innovative, new design that offers some of the largest improvements in fuel efficiency and performance that the boating industry has ever seen. Sharrow Engineering won the coveted Innovation Awards at the 2020 Miami International Boat Show.
Robust consumer demand for the new SHARROW PROPELLER™ is rooted in the fact that the design offers a host of performance improvements including higher speed per rpm, better handling, reduced vibrations, and a stronger propeller in general, and that it is as much as 40% more efficient than the industry-leading propeller designs.
To learn more about Sharrow Engineering and its innovative products, you can go to www.sharrowengineering.com
About Sharrow | www.sharrowmarine.com
Sharrow Engineering LLC - a nautical and aeronautical engineering company dedicated to the research and development of revolutionary high-performance propulsion technologies for the maritime and aeronautical industries. Sharrow Engineering is the parent company for Sharrow Marine LLC and Sharrow Commercial Marine LLC. Company offices are headquartered in Detroit, with additional offices in Philadelphia, PA. Sharrow Engineering LLC has assembled a team of the world’s top aeronautical, nautical, aerospace, and mechanical engineers to assist with the company’s core mission to reinvent the methodologies and technologies used for propulsion in the 21st century.
Matt Friedman 248-762-1430 This email address is being protected from spambots. You need JavaScript enabled to view it.
FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--#Actuator--Motor Services Hugo Stamp and Governor Control Systems are rebranding as one entity named MSHS. The unification marks the next milestone in the company’s successful history spanning nearly 40 years of engine sales and services, control systems, and engineered solutions for marine, industrial, energy, defense and government clients.
Previously operating as separate entities, Governor Control Systems and Motor Services Hugo Stamp have been leaders in their respected fields and recognized worldwide for their technical expertise and turn-key solutions. Through the unification and rebranding, MSHS makes doing business easier and provides greater value achieved through operational efficiencies, process refinements and resource collaborations.
“After years of cooperation and synergy between the two companies, the time has come to unite them under one brand,” said David A. Santamaria, CEO of the newly unified MSHS. “Many of our customers’ power generation and propulsion systems require service for their engines and auxiliary equipment, as well as their control systems. Now they will benefit from one trusted partner to support their systems, thus offering a streamlined, integrated approach to service and support.”
MSHS will maintain its headquarters in Fort Lauderdale, Florida where Motor Services Hugo Stamp and Governor Control Systems have shared facilities for nearly 40 years. Two locations in Louisiana and one in the state of Washington will continue to serve customers under the unified MSHS brand. All four locations provide access to one of the largest, in-stock original equipment manufacturer (OEM) parts inventories in the Northern Hemisphere.
“MSHS has a long history of engineering excellence which, coupled with our commitment to the highest levels of service, has enabled us to establish strong relationships with the world’s leading brands as an authorized channel partner and service center,” said Lea E. Kellogg, CFO for the new MSHS. “Unifying as MSHS further strengthens these partnerships, while making it easier for all customers to do business with us.”
The modern design of the new logo communicates MSHS’ customer commitment to “Keeping Business Moving Forward.” A tribute to the impressive history of Motor Services Hugo Stamp and Governor Control Systems, the logo’s block shapes, and curve elements represent MSHS’ strength and approachability. The logo is complemented by green and blue, symbolizing land and water—the broad landscapes in which MSHS does business.
“The logo invites viewers to see familiar elements of our history, such as an M for Motor Services or the subtle G outline for Governor Control,” said Randall J. Nunmaker, Director of Sales and Marketing at MSHS. “But most importantly, the logo conveys our brand’s strength, commitment and the forward energy of our teams—the heroes and innovators who continue to serve our trusted partners and valued customers.”
About MSHS:
From controls, actuation, safety and governor systems to new high-speed engine sales and high-, medium- and low-speed engine services and support, MSHS specializes in power generation and distribution solutions for all types of prime-movers (diesel, gas, and dual-fuel engines; hydro, gas, and steam turbines; as well as solar, battery, and other micro-grid solutions). MSHS is the largest Woodward Channel Partner in the Americas and provides clients with unparalleled service and technical expertise from full-service workshops in the Gulf Coast, Pacific Northwest and South Florida. MSHS creates value by integrating engine services and engineered solutions with world-class brands. MSHS is a trusted partner for custom and turn-key solutions that reduce downtime, while improving operational efficiency.
MSHS Media Contact
Stacy Payne
Brand, Communications Manager
MSHS
+1 954.410.6225
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