CENTRAL ISLIP, N.Y.--(BUSINESS WIRE)--CVD Equipment Corporation (NASDAQ: CVV), a leading provider of chemical vapor deposition systems, announced today that it will release its 2022 first quarter results after markets close on Monday May 16, 2022. CVD Management will hold a conference call to discuss its results at 5:00 pm (Eastern Time) that day.

To participate in the live conference call, please dial toll free (877) 407-2991 or International (201) 389-0925. A telephone replay will be available for 7 days. To access the replay, dial (877) 660-6853 or international (201) 612-7415. The replay passcode is 13729881.

A live and archived webcast of the call will also be available on the company's website at www.cvdequipment.com/events. The archived webcast will be available at the same location approximately two hours following the end of the live event.

About CVD Equipment Corporation

CVD Equipment Corporation (NASDAQ: CVV) designs, develops, and manufactures a broad range of chemical vapor deposition, gas control, and other state-of-the-art equipment and process solutions used to develop and manufacture materials and coatings for research and industrial applications. This equipment is used by its customers to research, design, and manufacture these materials or coatings for aerospace engine components, medical implants, semiconductors, battery nanomaterials, solar cells, smart glass, carbon nanotubes, nanowires, LEDs, MEMS, and other applications. Through its application laboratory, the Company provides process development support and process startup assistance with the focus on enabling tomorrow’s technologies™. It’s wholly owned subsidiary CVD Materials Corporation provides advanced materials and metal surface treatments and coatings to serve demanding applications in the electronic, biomedical, petroleum, pharmaceutical, and many other industrial markets.

CVD Equipment Corporation
Thomas McNeill, EVP & CFO
Phone: (631) 981-7081
Fax: (631) 981-7095
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FreightBob Will Provide Transparent, More Seamless Inventory Distribution Options for Current and Future ShipBob Customers

CHICAGO--(BUSINESS WIRE)--#shipbob--ShipBob, the leading global omnifulfillment platform, today announced the launch of its end-to-end managed freight and inventory distribution program, FreightBob. The service includes ocean freight, which is powered by Flexport, combined with ShipBob’s cross-docking, automated inventory distribution, and goods transfers across their fulfillment network. Current and future merchants that use ShipBob’s fulfillment solution and ship inventory from China to the U.S. (to start) can achieve faster transit times, lower freight costs, greater visibility, and the ability to distribute inventory more seamlessly across ShipBob’s fulfillment centers.

By working with Flexport as part of its service offerings, ShipBob is the first fulfillment company to successfully execute ocean freight distribution by chartering boats specifically reserved for customers’ goods. Over the last few months, ShipBob piloted the program by delivering shipping containers directly from China to their Southern California fulfillment centers via ocean freight. Once in Southern California, ShipBob then automatically distributed the inventory across the United States to their final fulfillment center destination to start shipping orders directly to consumers. The entire process took just over two weeks and has been repeated many times over.

“We’re thrilled to offer FreightBob to our existing and future ecommerce clients, unlocking a seamless, cost-efficient and dependable inventory distribution service,” said ShipBob Co-Founder and CEO, Dhruv Saxena. “FreightBob will enable some of today’s fastest-growing ecommerce brands to navigate volatile freight markets, all while meeting strong U.S. consumer demand.”

“Shippers will continue to face unreliable transit times, service levels and cost transparency for years to come,” said Steve Bozicevic, Sr. Director, New Product Development at Flexport. “It’s imperative we collaborate with like-minded leaders in the global logistics space to provide the infrastructure and services to help fast-growing ecommerce brands meet the demand and expectations of their customers.”

FreightBob will initially be open to all customers shipping LCL (less than container load) ocean freight containers from China to the U.S. The associated costs are comparable to other LCL ocean freight carriers that take two or three times as long.

“FreightBob was about 30-40% faster than anything else we’ve sourced,” said Jerry Sever, COO at Complement. “From a pricing standpoint, I was looking at the total price that we were going to pay per unit, including shipping — rolled altogether, and it was still substantially cheaper than any of the quotes we received from other companies.”

This program is able to provide faster shipping times by loading inventory on faster ships and prioritizing delivery to ports strategically located in Los Angeles and Long Beach, California, reducing transit times from the standard 45-60 days to 15-30 days (on average). With FreightBob, ShipBob customers will now have access to bi-weekly departures from China on ships that will then be transferred directly to ShipBob fulfillment centers in the U.S. FreightBob’s highly competitive rates are available for shipments as small as 1 cubic meter, allowing customers the ability to keep inventory flowing and shelves stocked.

“FreightBob is too easy to use to not utilize,” said Emily Coolbaugh, Logistics Coordinator at Driveline Baseball. “The more time that I can save spending energy on things like freight and fulfillment, the more time I can spend on other details for my company. To know that I can trust somebody to complete the tedious stuff and be organized like I would is a huge stress reliever!”

ShipBob brings FreightBob to market to help customers avoid spot market rates that often prevent accurate forecasting. FreightBob helps avoid varying freight rates that may result in profit degradation and/or increased cost for consumers by taking advantage of FreightBob's flat pricing structure (per cubic meter freight rate), inclusive of delivery and custom clearance fees, all designed to simplify cost projections and promote ease of use.

While this solution is currently for delivering shipping containers directly from China to the West Coast and East Coast of the United States, it will be expanded worldwide in 2022.

For more information on FreightBob, please visit: https://product.shipbob.com/freightbob

About ShipBob

ShipBob is the leading global omnifulfillment platform designed for small and medium-sized businesses to provide them access to best-in-class supply chain and fulfillment capabilities. The ShipBob platform provides merchants with a single view of their business and customers across all of their sales channels, and enables them to manage products, inventory, orders and shipments, and leverage analytics and reporting to run their business effectively.

Founded in 2014 out of Chicago, ShipBob was launched through Y Combinator by co-founders Dhruv Saxena and Divey Gulati, two entrepreneurs who saw a need for more efficient shipping for ecommerce businesses. Today, the company has raised $330.5 million in funding and operates a global logistics network with 30 fulfillment centers across five countries, including the United States, Canada, United Kingdom, European Union and Australia. Learn more by visiting shipbob.com.

About Flexport

We believe trade can move the human race forward. That’s why it’s our mission to make global trade easy for everyone. Flexport is the platform for global logistics—empowering buyers, sellers and their logistics partners with the technology and services to grow and innovate. Companies of all sizes—from emerging brands to Fortune 500s—used Flexport technology to move nearly $19B of merchandise across 112 countries in 2021.

Flexport® is a registered trademark of Flexport, Inc. and is not affiliated with ShipBob.

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HOUSTON--(BUSINESS WIRE)--Enstor Gas (“Enstor”), the largest privately owned gas storage company in the U.S., today announced that the company and its natural gas midstream assets have been acquired by the Infrastructure Investments Fund (“IIF”), an investment vehicle advised by J.P. Morgan Investment Management Inc., from an affiliate of ArcLight Capital Partners, LLC (“ArcLight”). Terms of the transaction were not disclosed.

“Today’s transaction is a tribute to the strength of our assets in the U.S. gas storage market, our employees’ strong track record of safe, efficient operations and their dedication to the communities in which we operate,” Enstor CEO Paul Bieniawski said. “It is because of their hard work that Enstor is the leading U.S. natural gas storage company.”

Matthew LeBlanc, Chief Investment Officer for IIF, said, “We are excited to work with Enstor, an industry-leading strategic platform uniquely positioned to provide safe, reliable natural gas storage services in strategic areas across the U.S. We look forward to partnering with the Enstor leadership team and employees to build upon the company’s track record of success for the benefit of its customers and communities.”

“Together with management, ArcLight built Enstor into a leading natural gas storage franchise through a series of asset acquisitions and commercial and engineering optimization activities beginning in 2018. With today’s sale, the next chapter of opportunity begins for Enstor, and we wish the team and IIF great success,” said Dan Revers, ArcLight’s Managing Partner.

Enstor will continue to manage and operate its natural gas storage facilities in Alabama, Mississippi, Texas and New Mexico. The Enstor headquarters will remain in Houston and the Enstor executive team will continue to manage the company.

RBC Capital Markets served as financial advisor and Milbank LLP served as legal advisor to IIF. Jefferies LLC served as financial advisor and Orrick Herrington & Sutcliffe LLP served as legal advisor to ArcLight.

About Enstor Gas

Enstor is the largest privately owned natural gas storage company in the United States. Headquartered in Houston, the company owns and operates six active underground natural gas storage facilities in four states with more than 110 Bcf in working gas capacity. Enstor has approximately 179 miles of transmission pipelines and 39 interconnects to major transmission pipelines. For more information, please visit www.enstorinc.com.

About IIF

The Infrastructure Investments Fund (IIF) is an approximately $24 billion private investment vehicle focused on investing in critical infrastructure assets. IIF is responsible for investing and growing the retirement funds of more than 60 million families. Headquartered in New York with additional offices in London, and advised by a dedicated infrastructure investment group within J.P. Morgan Investment Management Inc., IIF is a long-term owner of companies that provide essential services, such as renewable energy, water, natural gas and electric utilities, and transportation infrastructure, all of which are vital to the economic health and productivity of the communities in which it operates.

IIF’s family of companies serves over 10 million customers and employs over 10,000 people from local communities. Providing local essential services – with employees, customers and communities that often overlap – requires IIF’s companies to be well-governed, have a strong culture and be stewards of the environment in order to fulfill the terms of its social license to operate. IIF’s 20 portfolio companies are located primarily in the United States, Europe, Canada and Australia.

About ArcLight

ArcLight is a leading private equity firm focused on energy, infrastructure and energy transition with a successful long-term track record. Founded in 2001, the firm helped pioneer an asset-based approach to investing across the power, renewables, infrastructure and broader energy value chain. Since then, ArcLight has invested approximately $26 billion in 116 transactions, including over $10 billion of equity capital into the electrification segment, which includes power, transmission, renewable infrastructure and energy transition investments. Through its large infrastructure portfolio, ArcLight is focused on providing decarbonizing energy solutions with a strong ESG focus. Based in Boston, the firm’s investment team employs a value-added investment approach that benefits from its dedicated in-house technical, operational, and commercial specialists and partners, as well as the firm’s approximately 1,500-person asset management affiliate. More information about ArcLight can be found at www.arclight.com.

Bevo Beaven
TEN|10 Group
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HOUSTON--(BUSINESS WIRE)--SilverBow Resources, Inc. (NYSE: SBOW) (“SilverBow” or “the Company”) announced today that it has closed its previously announced acquisition of certain assets from SandPoint Operating, LLC, a subsidiary of SandPoint Resources, LLC, (collectively, “SandPoint"). Purchase consideration due to the seller, subject to customary closing adjustments, was comprised of approximately $31 million in cash and 1.3 million shares of SilverBow’s common stock. The cash portion of the purchase was funded with cash on hand and borrowings under the Company's revolving credit facility.

MANAGEMENT COMMENTS

Sean Woolverton, SilverBow’s Chief Executive Officer, commented, “This is the fourth deal we have closed since August of last year as we continue to execute on our strategic objectives. The SandPoint assets add meaningful production, inventory and reserves across a highly contiguous acreage position in La Salle and McMullen counties. Looking ahead, we expect to close the acquisition of the Sundance assets in June or July, at which time we will provide updated guidance. We expect an uplift to our borrowing base in conjunction with the closing of Sundance assets, which positions SilverBow with enhanced liquidity and multiple avenues of continued growth through the drill-bit and accretive acquisitions.”

ABOUT SILVERBOW RESOURCES, INC.

SilverBow Resources, Inc. (NYSE: SBOW) is a Houston-based energy company actively engaged in the exploration, development, and production of oil and gas in the Eagle Ford Shale and Austin Chalk in South Texas. With over 30 years of history operating in South Texas, the Company possesses a significant understanding of regional reservoirs which it leverages to assemble high quality drilling inventory while continuously enhancing its operations to maximize returns on capital invested. For more information, please visit www.sbow.com. Information on the Company’s website is not part of this release.

FORWARD-LOOKING STATEMENTS

This release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements represent management's expectations or beliefs concerning future events, and it is possible that the results described in this release will not be achieved. These forward-looking statements are based on current expectations and assumptions and are subject to a number of risks and uncertainties, many of which are beyond our control. Important factors that could cause actual results to differ materially from our expectations include, but are not limited to, risks and uncertainties discussed in the Company’s reports filed with the Securities and Exchange Commission. All forward-looking statements speak only as of the date of this news release. You should not place undue reliance on these forward-looking statements.

(Additional Information and Where to Find It)

This communication does not constitute an offer to buy, or solicitation of an offer to sell, any securities of SilverBow. This communication relates to a proposed transaction involving SilverBow and Sundance that is the subject of a proxy statement filed with the U.S. Securities and Exchange Commission (the “SEC”) that provides full details of the proposed transaction and the attendant benefits and risk. This communication is not a substitute for the proxy statement or any other document that SilverBow may file with the SEC or send to its shareholders in connection with the proposed transaction. INVESTORS AND SHAREHOLDERS ARE URGED TO READ THE PROXY STATEMENT AND ANY OTHER RELEVANT DOCUMENTS, BECAUSE THEY CONTAIN IMPORTANT INFORMATION ABOUT SILVERBOW AND THE PROPOSED TRANSACTION. Investors and shareholders will be able to obtain these materials and other documents filed with the SEC free of charge at the SEC’s website, www.sec.gov. In addition, copies of the proxy statement and other relevant documents may be obtained free of charge by accessing SilverBow’s website at www.sbow.com by clicking on the “Investors” link, or upon written request to SilverBow, 920 Memorial City Way, Suite 850, Houston, Texas 77024, Attention: Investor Relations. Shareholders may also read and copy any reports, statements and other information filed by SilverBow with the SEC, at the SEC at 1-800-SEC-0330 or on the SEC’s website.

(Participants in the Solicitation)

SilverBow and certain of its directors, executive officers and other members of management and employees may be deemed to be participants in the solicitation of proxies from shareholders in respect of the transaction under the rules of the SEC. Information regarding SilverBow’s directors and executive officers is available in its definitive proxy statement filed with the SEC on March 30, 2022 in connection with its 2022 annual meeting of shareholders. Other information regarding the participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, are contained in SilverBow’s proxy statement and other relevant materials filed with the SEC. Investors should read the proxy statement and other relevant documents carefully before making any voting or investment decisions.

Jeff Magids
Director of Finance & Investor Relations
(281) 874-2700, (888) 991-SBOW

Ampt String Optimizers Increase the Performance and Decrease the Cost of DC-coupled Energy Storage

FORT COLLINS, Colo.--(BUSINESS WIRE)--Ampt, the world’s #1 DC optimizer company for large-scale photovoltaic (PV) systems, today announced that it has completed delivery to the largest solar+storage project in Latin America. The 240 MW solar power plant uses Ampt String Optimizers to link the PV system to 560 MWh of DC-coupled energy storage. The optimized system sets a new standard for using longer-duration storage in transmission-level applications.

Located in Atacama Desert plateau, the PV+storage power plant is situated in the heart of Chile’s mining industry, which requires large amount of power to operate. The abundant sun and low temperatures of the high-altitude region make it an ideal location for efficiently producing solar energy. The system will generate, store, and supply a renewable source of energy to support the copper mining operations of Sierra Gorda SCM. It includes high-power bifacial PV modules to maximize production during the day, and 112 MW of lithium-ion batteries capable of supplying firm power to the grid for five hours.

To maximize performance and achieve the best economics, the 240 MW power plant uses Ampt String Optimizers to connect the PV system to the energy storage system through a shared DC bus – commonly referred to as a “DC-coupled” architecture.

Ampt String Optimizers are DC/DC converters that are used in large-scale PV plants to lower the cost and improve performance of DC-coupled solar+storage systems. With Ampt optimizers, power is delivered at a high and fixed voltage rather than the variable and lower voltage of systems without Ampt. The higher voltage operation allows the entire system to operate at a lower current for a given power. This reduces the costs of electrical components such as cables, battery converters, and inverters to lower the total capital cost of the power plant.

In addition, Ampt String Optimizers improve system performance by doing maximum power point tracking (MPPT) on each string of PV modules and then transferring that power to the DC bus at a constant voltage. The string-level MPPT increases lifetime energy production compared to the centralized MPPT of other systems. Ampt’s predictable DC bus voltage simplifies battery and inverter controls and improves grid responsiveness of the power plant.

The 240 MW power plant is noteworthy for its innovative technology as well as for the value streams delivered to various project stakeholders. Beyond supplying a clean, renewable source of energy to the copper mining operation, the PV+storage system relieves congestion on transmission lines while providing capacity firming to the network. Moreover, the long duration battery system mitigates the market risk of high and low energy pricing events and curtailment by allowing the solar energy to be stored and dispatched at peak demand times to maximize its value.

Importantly, the energy storage system allows the transmission operator to avoid the massive investment to upgrade transmission infrastructure that would otherwise be required to transport excess solar energy from the remote desert location of the copper mine in the north to the high demand areas in the center of Chile.

“We are pleased to be part of this record-setting PV+storage power plant,” said Levent Gun, Ampt CEO. “It truly sets the standard for transmission-level use of energy storage to enhance grid reliability while benefiting from the energy independence and lower cost of renewables.”

About Ampt

Ampt delivers innovative power conversion and communication technology that are used to lower the cost and improve performance of new PV systems, repower existing systems, and enable lower cost DC-coupled storage. With installations and experience serving markets around the world, Ampt is the number one DC optimizer company for large-scale systems. The company is headquartered in Fort Collins, Colorado and has sales and support locations in North America, Europe, and Japan as well as representation in Asia, Australia, and the Middle East. For more information, visit www.ampt.com and follow Ampt@LinkedIn.

Mark Kanjorski
Ampt
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DUBLIN--(BUSINESS WIRE)--The "Oilfield Service Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Application and Service Type" report has been added to ResearchAndMarkets.com's offering.

The oilfield service market was valued at US$ 96,465.86 million in 2021 and is projected to reach US$ 145,963.08 million by 2028; it is expected to grow at a CAGR of 6.1% from 2021 to 2028.

The oilfield services business is being pushed by increased exploration and production activities due to the rising demand for energy across the world. Growing urbanization and industrialization, and rapid technology improvements have contributed considerably to the oilfield service market growth. The upstream portion of the oil and gas business is exploration and production (E&P), and it encompasses the phases of search, exploration, drilling, and extraction.

The exploration and production (E&P) sector is the first oil and gas production stage. Production and exploration activities are expanding due to the increased energy demand and profitable investment possibilities in the oil & gas sector.

For instance, in July 2019, i3 Energy PLC granted Baker Hughes GE, one of the world's leading oilfield services firms, contracts for US$3,249,901.15 million to carry out drilling at its North Sea Liberator and Serenity properties. BHGE will provide oilfield services and equipment for i3's summer drilling operations in the outer Moray Firth for its Liberator and Serenity prospects. Conventional onshore oil is expected to account for a significant portion of total global oil output.

According to the DNV-GL Energy-Transition-Outlook, oil output will rise by 83 million barrels per day (Mbpd) in 2022. Due to increased energy demand across Asia Pacific, driven by fast economic development, the region is becoming highly reliant on oil and gas imports. Therefore, Asia Pacific countries are boosting their offshore exploration and production (E&P) efforts to improve local energy output and reduce reliance on imported oil and gas. As a result, rising production and exploration activities in the oil & gas sector fuel the growth of the oilfield service market.

North America is known for the highest rate of adoption of advanced technologies due to favorable government policies to boost innovation and strengthen infrastructure capabilities. As a result, any factor affecting the performance of industries in the region hinders its economic growth. Currently, the US is the world's worst-affected country due to the COVID-19 outbreak, which has led governments to impose several limitations on industrial, commercial, and public activities in the country to control the spread of infection. The oil sector is in the midst of its third price crash in the last twelve months.

The industry recovered after the first two shocks, and business as usual resumed. This time, though, things are different. The situation comprises a supply shortage, a historically low demand, and a worldwide humanitarian catastrophe. As the COVID-19 pandemic continued to overwhelm the economy, job losses in the US oilfield services industry have increased. Texas, Louisiana, Colorado, Oklahoma, and New Mexico were among the hardest-hit states in the US.

The global oilfield service market is segmented on the basis of type, service type, and geography. By type, the oilfield service market is bifurcated into onshore and offshore. In 2020, the offshore segment held a larger share in oilfield service market. Based on service type, the oilfield service market is segmented into well completion, wire line, artificial lift, perforation, drilling and completion fluids, and others. In 2020, the others segment accounted for the largest oilfield service market share. Geographically, the oilfield service market is broadly segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM). In 2020, Europe accounted for a significant share in the global oilfield service market.

Reasons to Buy

• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the oilfield service market
• Highlights key business priorities in order to assist companies to realign their business strategies
• The key findings and recommendations highlight crucial progressive industry trends in the oilfield service market thereby allowing players across the value chain to develop effective long-term strategies
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
• Scrutinize in-depth Global market trends and outlook coupled with the factors driving the market, as well as those hindering it
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

Market Dynamics

Drivers

• Rising Oil and Gas Production and Exploration (E&P) Activities
• Rising Shale Gas Extraction

Restraints

• Volatility in Crude Oil Prices

Opportunities

• Increasing Demand of Offshore/Deep-Water Discoveries

Future Trends

• Technological Innovation in Oilfield Service

Companies Mentioned

• Baker Hughes Company
• Halliburton Energy Services, Inc
• Schlumberger Limited
• Nov Inc.
• Weatherford
• Petrodyn
• Archer
• Patterson-Uti Energy, Inc.
• Wireline Services Group
• Hunting

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

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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Critical work will support compliance with restoration programs and regulations, helping to address key environmental challenges

DALLAS--(BUSINESS WIRE)--AECOM (NYSE: ACM), the world’s trusted infrastructure consulting firm, today announced its Resolution Consultants joint venture with EnSafe has been awarded a single-award, indefinite-delivery, indefinite-quantity (IDIQ) contract by the Naval Facilities Engineering Systems Command (NAVFAC) Atlantic to deliver architecture and engineering services for the Comprehensive Long-Term Environmental Action Navy (CLEAN) program. Under the contract with a $400 million ceiling, the joint venture will perform environmental studies, investigations, and designs that address pressing environmental challenges.

“As we continue to advance our Sustainable Legacies strategy, we remain committed to executing projects using a framework of responsible practices that set new standards for technical excellence and help our clients tackle their toughest challenges,” said Frank Sweet, chief executive of AECOM’s global Environment business. “We’re proud to apply sound science, innovative restoration strategies, and a safety-first culture to assist our clients in achieving their environmental goals.”

The joint venture will provide program management and technical environmental services that address critical issues such as per- and polyfluoroalkyl substances (PFAS) and other emerging contaminants, vapor intrusion, sediments, munitions and radiological assessment, and hazardous substances. This work will support compliance with environmental restoration programs such as the Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA) and the Resource Conservation and Recovery Act (RCRA).

“Our team of passionate environmental experts share a common vision of outstanding project performance as we support the CLEAN program in this role,” said Karl Jensen, executive vice president of AECOM’s National Governments business. “Our world-class specialists consistently perform high-quality, cost-effective environmental services that drive innovation and advance regulatory partnerships. We’re honored to provide our clients with an established team that has the proven ability to deliver vital environmental programs.”

The joint venture’s scope includes assessments, studies, investigations, and remedial designs; management and community relations plans; human and ecological risk assessments; feasibility, treatability, and corrective measures studies; interim response and remedial action requirements for emerging contaminants; geographical information system development and maintenance; and expediated response actions.

About AECOM
AECOM (NYSE: ACM) is the world’s trusted infrastructure consulting firm, delivering professional services throughout the project lifecycle – from planning, design and engineering to program and construction management. On projects spanning transportation, buildings, water, new energy, and the environment, our public- and private-sector clients trust us to solve their most complex challenges. Our teams are driven by a common purpose to deliver a better world through our unrivaled technical expertise and innovation, a culture of equity, diversity and inclusion, and a commitment to environmental, social and governance priorities. AECOM is a Fortune 500 firm and its Professional Services business had revenue of $13.3 billion in fiscal year 2021. See how we are delivering sustainable legacies for generations to come at aecom.com and @AECOM.

Forward-Looking Statements
All statements in this communication other than statements of historical fact are “forward-looking statements” for purposes of federal and state securities laws, including any statements of the plans, strategies and objectives for future operations, profitability, strategic value creation, coronavirus impacts, risk profile and investment strategies, and any statements regarding future economic conditions or performance, and the expected financial and operational results of AECOM. Although we believe that the expectations reflected in our forward-looking statements are reasonable, actual results could differ materially from those projected or assumed in any of our forward-looking statements. Important factors that could cause our actual results, performance and achievements, or industry results to differ materially from estimates or projections contained in our forward-looking statements include, but are not limited to, the following: our business is cyclical and vulnerable to economic downturns and client spending reductions; impacts caused by the coronavirus and the related economic instability and market volatility, including the reaction of governments to the coronavirus, including any prolonged period of travel, commercial or other similar restrictions, the delay in commencement, or temporary or permanent halting of construction, infrastructure or other projects, requirements that we remove our employees or personnel from the field for their protection, and delays or reductions in planned initiatives by our governmental or commercial clients or potential clients; losses under fixed-price contracts; limited control over operations run through our joint venture entities; liability for misconduct by our employees or consultants; failure to comply with laws or regulations applicable to our business; maintaining adequate surety and financial capacity; potential high leverage and inability to service our debt and guarantees; ability to continue payment of dividends; exposure to political and economic risks in different countries, including tariffs; currency exchange rate and interest fluctuations; retaining and recruiting key technical and management personnel; legal claims; inadequate insurance coverage; environmental law compliance and adequate nuclear indemnification; unexpected adjustments and cancellations related to our backlog; partners and third parties who may fail to satisfy their legal obligations; AECOM Capital real estate development projects; managing pension cost; cybersecurity issues, IT outages and data privacy; risks associated with the benefits and costs of various dispositions such as the sale of our Management Services, self-perform at-risk civil infrastructure power construction, and oil and gas construction businesses, including the risk that purchase price adjustments, if any, from those transactions could be unfavorable and any future proceeds owed to us as part of those transactions could be lower than we expect; as well as other additional risks and factors that could cause actual results to differ materially from our forward-looking statements set forth in our reports filed with the Securities and Exchange Commission. Any forward-looking statements are made as of the date hereof. We do not intend, and undertake no obligation, to update any forward-looking statement.

Media:
Brendan Ranson-Walsh
Senior Vice President, Global Communications
1.213.996.2367
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DUBLIN--(BUSINESS WIRE)--The "Europe Oil & Gas Monitor" newsletter has been added to ResearchAndMarkets.com's offering.

EurOil analyses key trends such as the influx of private equity into the North Sea and how it is shaping the basin's future. The monitor also provides key insight on major trends such as decommissioning and the development of frontier regions like West of Shetland. Midstream developments also take prominence, with deep analysis of the region's gas needs and how they will be met in the future.

Countries Covered

• Austria
• Italy
• Belgium
• Latvia
• Bulgaria
• Lithuania
• Croatia
• Luxembourg
• Cyprus
• Malta
• Czechia
• Netherlands
• Denmark
• Poland
• Estonia
• Portugal
• Finland
• Romania
• France
• Slovakia
• Germany
• Slovenia
• Greece
• Spain
• Hungary
• Sweden
• Ireland

For more information about this newsletter visit https://www.researchandmarkets.com/r/w13ur9

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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• Revenue of $7.7 million in the first quarter of 2022, representing an increase of 86% year-over-year
• Network throughput of 8.0 Gigawatt-hours (GWh) in the first quarter of 2022, representing an increase of 95% year-over-year
• Gross loss of $0.6 million in the first quarter of 2022, as compared to a gross loss of $1.7 million in the first quarter of 2021
• Adjusted gross profit increased to $2.9 million in the first quarter of 2022, showing an adjusted gross margin of 37%
• Ended the quarter with 2,110 stalls in operation or under construction, representing 129 new stalls in operation during the quarter, exclusive of retirements
• Customer accounts totaled approximately 375,000 at the end of the first quarter of 2022
• Announced and expanded core partnerships and added charging locations with Chase Bank, Toyota, Subaru, Meijer, Whole Foods, and others

LOS ANGELES--(BUSINESS WIRE)--EVgo Inc. (Nasdaq: EVGO) (“EVgo” or the “Company”) today announced results for the first quarter of 2022. The Company continues to execute on its growth plans on the back of continued EV market development.

Revenue increased to $7.7 million in the first quarter of 2022, compared to $4.1 million in the first quarter of 2021, representing 86% year-over-year growth. Growth in revenue for the quarter was primarily driven by higher retail and fleet charging revenues, as well as growth in ancillary and regulatory credit revenue.

Network throughput increased to 8.0 GWh in the first quarter of 2022, compared to 4.1 GWh in the first quarter of 2021, representing 95% year-over-year growth.

“EVgo delivered a strong start to 2022, posting our strongest-ever quarter for new stalls in operation along with continued growth in customers and impressive growth in sites and stalls in our pipeline,” said Cathy Zoi, EVgo’s CEO. “We continue to work with a number of partners to develop, and in some cases accelerate, plans for new EV charging stations across the U.S. This growth is evident in new product innovations and partnerships like those with Chase Bank, which selected EVgo to build our DC fast chargers at approximately 50 of their retail locations. We are well positioned to capitalize on the strong tailwinds from increased growth in EV demand in the U.S. and continue the momentum for the remainder of 2022.”

Business Highlights

• Site host partnerships: Announced new partnership in April with Chase Bank to build out fast charging stations at 50 retail branch locations, added sites with shopping center operators Regency Centers and Brixmor, and powered up stations with retail partners including Whole Foods, Meijer, and Wawa
• OEM partnerships: Charging agreements in place with Toyota and Subaru moved into implementation, as the Company prepares to provide charging services to Toyota’s bZ4x customers and Subaru’s Solterra customers later this year
• Government and utility partnerships: Secured funding from various governmental agencies during the quarter, including the California Energy Commission and Colorado Energy Office, and received funding from utility partners NV Energy in Nevada and Public Service Electric & Gas in New Jersey
• Station development: The Company ended the first quarter of 2022 with 2,110 stalls in operation or under construction. Excluding retired locations, this reflects an addition of 129 new operational DC fast charging stalls during the quarter
• Active E&C Development Pipeline: The pipeline grew to 3,344 stalls by the end the first quarter of 2022 versus 1,477 at the end of the first quarter of 2021
• EVgo Inside^TM: Launched Application Programming Interface (API) suite enabling third parties to access and integrate the full EVgo charging experience

Financial & Operational Highlights

The below represent summary financial and operational figures for the first quarter of 2022.

• Revenue of $7.7 million
• Network throughput of 8.0 gigawatt-hours
• Customer account additions of approximately 35,000 accounts
• Gross loss of $0.6 million
• Net loss of $55.3 million
• Adjusted gross profit of $2.9 million
• Adjusted EBITDA of ($18.2) million
• Cash Flow from Operations of ($19.8) million
• Capital Expenditures of $28.3 million

1. Adjusted Gross Profit / (Loss), Adjusted Gross Margin, Adjusted EBITDA, and Adjusted EBITDA Margin are non-GAAP measures and have not been prepared in accordance with Generally Accepted Accounting Principles in the United States of America (“GAAP”). For a definition of these non-GAAP measures and a reconciliation to the most directly comparable GAAP measure, please see “Definition of non-GAAP Financial Measures” and “Reconciliation of non-GAAP Measures” included elsewhere in this release.

2022 Financial & Operating Guidance

EVgo is affirming its previously announced guidance for full-year 2022 as follows:

• Total revenue of $48 – $55 million
• Network throughput of 50 – 60 GWh
• Adjusted EBITDA of ($75) – ($85) million

Additionally, EVgo is affirming its stall target guidance. At year-end 2022, EVgo expects to have a total of 3,000 – 3,300 DC fast charging stalls operational or under construction.

“We continue to demonstrate the ability to profitably scale EVgo’s operations,” noted Olga Shevorenkova, EVgo’s CFO. “We remain focused on building out our network and have seen expected growth in both our shorter- and medium-term development activities with stalls in operation or under construction growing to approximately 2,100 at the end of the quarter and our Active E&C Development pipeline increasing to more than 3,300 stalls at the end of the first quarter. We exited the quarter with $441 million in cash, continuing to position us with significant financial flexibility to execute on our growth plan.”

Conference Call Information

A live audio webcast and conference call for our first quarter 2022 earnings release will be held at 11:00 AM ET / 8:00 AM PT on May 11, 2022. The webcast will be available at investors.evgo.com, and the dial-in information for those wishing to access via phone is:

Toll Free: (877) 407-4018
Toll/International: (201) 689-8471
Conference ID: 13729219

This press release, along with other investor materials, including a slide presentation and reconciliations of certain non-GAAP measures to their nearest GAAP measures, will also be available on that site.

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.

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as "estimate," "plan," "project," "forecast," "intend," "will," "expect," "anticipate," "believe," "seek," "target" or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements are based on management’s current expectations or beliefs and are subject to numerous assumptions, risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. These forward-looking statements include, but are not limited to, express or implied statements regarding EVgo’s future financial performance, revenues and capital expenditures, EVgo’s expectation of acceleration in our business due to factors including a re-opening economy and increased EV adoption; and the Company’s strong liquidity position enabling effective deployment of chargers. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of EVgo’s management and are not predictions of actual performance. There are a significant number of factors that could cause actual results to differ materially from the statements made in this press release, including: changes or developments in the broader general market; ongoing impact from COVID-19 on our business, customers, and suppliers; macro political, economic, and business conditions; our limited operating history as a public company; our dependence on widespread adoption of EVs and increased installation of charging station; mechanisms surrounding energy and non-energy costs for our charging stations; the impact of governmental support and mandates that could reduce, modify, or eliminate financial incentives, rebates, and tax credits; supply chain interruptions; impediments to our expansion plans; the need to attract additional fleet operators as customers; potential adverse effects on our revenue and gross margins if customers increasingly claim clean energy credits and, as a result, they are no longer available to be claimed by us; the effects of competition; risks related to our dependence on our intellectual property; and risks that our technology could have undetected defects or errors. 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 of EVgo” in EVgo’s registration statement on Form S-1 originally filed with the Securities and Exchange Commission (the “SEC”) on July 20, 2021, as well as its other filings with the SEC, copies of which are available on EVgo’s website at investors.evgo.com, and on the SEC’s website at www.sec.gov. 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.

Use of Non-GAAP Financial Measures

To supplement EVgo’s financial information, which is prepared and presented in accordance with GAAP, EVgo uses certain non-GAAP financial measures. The presentation of non-GAAP financial measures is not intended to be considered in isolation or as a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP. EVgo uses these non-GAAP financial measures for financial and operational decision-making and as a means to evaluate period-to-period comparisons. EVgo believes that these non-GAAP financial measures provide meaningful supplemental information regarding the Company’s performance by excluding certain items that may not be indicative of EVgo’s recurring core business operating results.

EVgo believes that both management and investors benefit from referring to these non-GAAP financial measures in assessing EVgo’s performance. These non-GAAP financial measures also facilitate management’s internal comparisons to the Company’s historical performance. EVgo believes these non-GAAP financial measures are useful to investors both because (1) they allow for greater transparency with respect to key metrics used by management in its financial and operational decision-making and (2) they are used by EVgo’s institutional investors and the analyst community to help them analyze the health of EVgo’s business.

For more information on these non-GAAP financial measures, including reconciliations to the most comparable GAAP measures, please see the sections titled “Definitions of Non-GAAP Financial Measures” and “Reconciliations of Non-GAAP Measures” included at the end of this release.

Definitions of Non-GAAP Financial Measures

This press release includes the non-GAAP financial measures: “Adjusted COGS,” “Adjusted Gross Profit (Loss),” “Adjusted Gross Margin,” “EBITDA,” “Adjusted EBITDA,” and “Adjusted EBITDA Margin.” EVgo believes these measures are useful to investors in evaluating EVgo’s financial performance. In addition, EVgo uses these measures internally to establish forecasts, budgets, and operational goals to manage and monitor its business. EVgo believes that these non-GAAP financial measures help to depict a more realistic representation of the performance of the underlying business, enabling EVgo to evaluate and plan more effectively for the future. EVgo believes that investors should have access to the same set of tools that its management uses in analyzing operating results.

Adjusted Cost of Sales, Adjusted Gross Profit (Loss), Adjusted Gross Margin, EBITDA and Adjusted EBITDA. EVgo defines Adjusted Cost of Sales as cost of sales before: (i) depreciation and amortization, (ii) share-based compensation, and (iii) O&M reimbursement. Adjusted Gross Profit (Loss) is defined as revenues less Adjusted Cost of Sales. Adjusted Gross Margin is defined as Adjusted Gross Profit (Loss) as a percentage of revenues. EVgo defines EBITDA as net income (loss) before (i) interest expense, (ii) income taxes and (iii) depreciation and amortization. EVgo defines Adjusted EBITDA as EBITDA plus (i) stock-based compensation expense, (ii) loss on disposal of assets and (iii) other unusual or nonrecurring income (expenses) such as bad debt expense. Adjusted EBITDA Margin is defined as Adjusted EBITDA as a percentage of revenue. Adjusted Cost of Sales, Adjusted Gross Profit (Loss), Adjusted Gross Margin, EBITDA, Adjusted EBITDA, and Adjusted EBITDA Margin are not prepared in accordance with GAAP and that may be different from non-GAAP financial measures used by other companies. These measures should not be considered as measures of financial performance under GAAP, and the items excluded from or included in these metrics are significant components in understanding and assessing EVgo’s financial performance. These metrics should not be considered as alternatives to net income (loss) or any other performance measures derived in accordance with GAAP.

Reconciliations of Non-GAAP Measures ($ in 000s)

Note: Figures may not sum due to rounding.

Financial Statements

For investors:
Ted Brooks, VP of Investor Relations
investors.evgo.com
310-954-2943

For Media:
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DUBLIN--(BUSINESS WIRE)--The "North American Oil & Gas Monitor" newsletter has been added to ResearchAndMarkets.com's offering.

The publication continues to provide weekly coverage of upstream, midstream and downstream news, spanning shale oil and gas, LNG, oil sands, transport by pipeline and rail, company performance and regional energy policy - on both national and state or provincial levels.

North American Oil & Gas Monitor provides regular updates on the status of major proposed projects in both the US and Canada. The publication also looks at more distant prospects, such as offshore Arctic drilling.

For more information about this newsletter visit https://www.researchandmarkets.com/r/xmg8ng

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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ST. LOUIS--(BUSINESS WIRE)--Bunge (NYSE:BG) Chief Executive Officer, Greg Heckman, will join a fireside chat at the BMO Capital Markets 17th Annual Farm to Market Conference on May 18, at 2:45pm ET, in New York City.

A webcast link will be available on www.bunge.com in the “Events and presentations” section.

About Bunge

At Bunge (NYSE: BG), our purpose is to connect farmers to consumers to deliver essential food, feed and fuel to the world. With more than two centuries of experience, unmatched global scale and deeply rooted relationships, we work to put quality food on the table, increase sustainability where we operate, strengthen global food security, and help communities prosper. As the world’s leader in oilseed processing and a leading producer and supplier of specialty plant-based oils and fats, we value our partnerships with farmers to improve the productivity and environmental efficiency of agriculture across our value chains and to bring quality products from where they’re grown to where they’re consumed. At the same time, we collaborate with our customers to create and reimagine the future of food, developing tailored and innovative solutions to meet evolving dietary needs and trends in every part of the world. Our Company is headquartered in St. Louis, Missouri, and we have almost 23,000 dedicated employees working across approximately 300 facilities located in more than 40 countries.

Website Information

We routinely post important information for investors on our website, www.bunge.com, in the "Investors" section. We may use this website as a means of disclosing material, non-public information and for complying with our disclosure obligations under Regulation FD. Accordingly, investors should monitor the Investors section of our website, in addition to following our press releases, SEC filings, public conference calls, presentations and webcasts. The information contained on, or that may be accessed through, our website is not incorporated by reference into, and is not a part of, this document.

Media Contact:
Bunge News Bureau
Bunge
636-292-3022
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Investor Contact:
Ruth Ann Wisener
Bunge Limited
636-292-3014
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CHICAGO--(BUSINESS WIRE)--Exelon Corporation (Nasdaq: EXC) today announced it has joined Climate READi, a three-year initiative launched by the Electric Power Research Institute (EPRI), aimed at addressing energy system climate resilience and adaptation as extreme weather events continue to increase.

Climate READi will enable global energy companies, climate scientists, regulators, and other stakeholders to proactively analyze and apply climate data, allowing for the planning, design and operation of resilient energy systems of the future. EPRI’s collaborative model will convene the global thought leaders and scientific researchers necessary to build an informed and consistent approach. Exelon is one of 13 anchor companies who have joined the initiative.

“Exelon’s utilities have a track record of exceptionally strong reliability and our investments create a more resilient grid that is better prepared to handle the effects of climate change,” said Calvin Butler, Exelon’s Senior Executive Vice President and Chief Operating Officer. “Climate READi will facilitate the collaboration and robust planning needed to address this challenge. We look forward to partnering with EPRI and others on this critical initiative.”

“As the world’s weather and climate are changing, so too must the energy sector’s approach to ensuring a more resilient power system,” said EPRI President and CEO Arshad Mansoor, who announced the launch of Climate READi at the National Press Club in Washington, D.C. “Proactively strengthening grid resilience against potential climate and weather impacts, now and in the future, will require unprecedented collaboration among the energy sector and its stakeholders.”

Climate READi is one more step in Exelon’s focus on climate change. In addition, Exelon also recently joined the Department of Energy’s Better Climate Challenge and made a Path to Clean commitment to reduce Exelon-wide operations-driven emissions by 50 percent by 2030 and to achieve net-zero operational emissions by 2050. The company’s Climate Change Investment Initiative (2c2i) invests $20 million over 10 years in companies with emerging technologies that will drive the clean energy transition and improve grid resilience. Each of the company’s utilities have implemented smart grid technology helping customers reduce energy use. Exelon’s utilities are working to electrify 30 percent of their vehicle fleets by 2025 and 50 percent by 2030, a complement to building out the public electric vehicle infrastructure in the company’s six utility markets.

The 13 founding Climate READi members are: Alliant Energy Corporation, Ameren Corporation, American Electric Power, Consolidated Edison Co. of New York, Exelon Corporation, National Grid PLC, New York Power Authority, Pacific Gas & Electric, Portland General Electric, Puget Sound Energy, Southern California Edison, Southern Company, and WEC Energy Group.

For more information, visit www.epri.com/READi, or email This email address is being protected from spambots. You need JavaScript enabled to view it..

About Exelon

Exelon (Nasdaq: EXC) is a Fortune 200 company and the nation’s largest utility company, serving more than 10 million customers through six fully regulated transmission and distribution utilities — Atlantic City Electric (ACE), Baltimore Gas and Electric (BGE), Commonwealth Edison (ComEd), Delmarva Power & Light (DPL), PECO Energy Company (PECO), and Potomac Electric Power Company (Pepco). More than 18,000 Exelon employees dedicate their time and expertise to supporting our communities through reliable, affordable and efficient energy delivery, workforce development, equity, economic development and volunteerism. Follow Exelon on Twitter @Exelon.

Liz Keating
Corporate Communications
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Media hotline: 312-394-7417

NEW YORK & OSLO, Norway & LUXEMBOURG--(BUSINESS WIRE)--FREYR Battery (NYSE: FREY) (“FREYR”), a developer of clean, next-generation battery cell production capacity, today reported financial results for the first quarter of 2022.

Highlights of the first quarter 2022 and subsequent events:

• Signed conditional offtake agreement (“COA”) with Powin LLC to supply 28.5 GWh of cumulative volumes from 2024 – 2030 for Energy Storage Systems (“ESS”) applications. The cells will initially be delivered from FREYR’s combined Gigafactory 1 & 2 in Mo i Rana, Norway, with prospective future collaboration in the U.S.
• Secured a COA with a leading global storage systems integrator to supply 15 GWh of cumulative volumes from 2023 - 2027 for ESS applications.
• Signed a COA with a major U.S. renewables company to supply approximately 10 GWh of cumulative volumes for ESS applications.
• In advanced negotiations with two additional companies, including a major commercial mobility company, for COAs which are projected to represent approximately 100 GWh of estimated potential cumulative demand from 2024 – 2030.
• FREYR commenced pre-construction work at the planned Gigafactory site in Mo i Rana, Norway during the first quarter to perform ground-work preparation and detailed engineering.
• In April 2022, FREYR appointed Oscar Brown as the company’s Group Chief Financial Officer. Brown is responsible for financial planning, performance, reporting, and capital markets engagement across the organization. He will also be leading the next phase of FREYR’s capital formation to fund its growth ambitions.
• FREYR announced the appointment of Andreas Bentzen as the company’s new EVP of Technology in April 2022. Bentzen comes from the position of Co-Founder and Chief Technology Officer at Otovo, a leading European provider of solar panels and batteries for the residential market.

“Our team continued to advance our key strategic priorities during the first quarter as we progress toward giga-scale commercialization of clean, next-generation batteries,” said Tom Einar Jensen, FREYR’s CEO. “With three new conditional customer offtake agreements signed in recent weeks and more in advanced stages of negotiations, visibility is building to accelerate development beyond our initial combined Gigafactory 1 & 2. Moreover, our commercial momentum is unearthing new opportunities to partner with world class organizations to finance our growth ambitions, expand into adjacencies on the battery value chain, and deliver value to our shareholders.”

Business Update

• The initial five COAs FREYR has secured collectively represent approximately 100 GWh of cumulative offtake volumes from global leaders in the ESS market from 2024 – 2030. This level of visibility equates to approximately 90% of projected nameplate capacity for FREYR’s planned combined Gigafactory 1 & 2.
• FREYR’s cumulative offtake volumes are expected to support potentially accelerated development of additional capacity in Norway, the U.S., and the EU.
• Construction of FREYR’s Customer Qualification Plant (“CQP”) in Mo i Rana is progressing towards anticipated factory acceptance testing in H2 2022.
• With early ground-work preparation and detailed engineering at the Gigafactory site in Mo i Rana underway, FREYR’s Board of Directors has approved additional expenditures to continue pre-construction activity. Additionally, the company’s technical and operations teams are preparing a detailed project plan for FREYR’s Board of Directors ahead of a potential FID.
• FREYR is in the advanced stages of working with Honeywell and the global ESS customer to convert the company’s inaugural two COAs to bankable, definitive sales agreements.
• FREYR is exploring capital formation solutions to finance giga-scale development with several global financial institutions and government entities in Norway, the U.S., and the EU. Governmental financial support could include some combination of grants, bridge loans, and direct lending.

Results Overview, Financing and Liquidity

• FREYR Battery reported a Net Loss for the first quarter 2022 of ($34.9) million or ($0.30) per share compared to a Net Loss of ($28.0) million or ($0.24) per share in the fourth quarter of fiscal year 2021.
• As of March 31, 2022, FREYR Battery had cash, cash equivalents, and restricted cash of $524.6 million.

Business Outlook

FREYR is focused on advancing the following strategic mandates and milestones over the next 18 months:

• Secure multiple tranches of capital required to fund FREYR’s giga scale expansion. FREYR has launched parallel processes with key stakeholders to explore the most capital efficient options to support development of the company’s business plan.
• Finalize additional conditional offtake agreements across the ESS, commercial mobility, and passenger EV market segments to support further capacity expansions.
• Convert initial two conditional offtake awards to final sales agreements with Honeywell and a global ESS customer.
• Initiate FREYR’s augmented value proposition strategy with the intention to maximize sustainable value creation and enhance the company’s competitive position. Key objectives in accordance with this strategy are to continue to evaluate opportunities to diversify FREYR’s position across the global battery value chain; and to explore potential partnerships that would enable FREYR to broaden its participation across the battery technology spectrum.
• Achieve Phase 1 FID on combined Gigafactories 1 & 2 at Mo i Rana upon achievement of commercial, operational, and financing milestones.
• Proceed to FID on the proposed JV/technology collaboration with Aleees (TWSE: 5227) to construct a lithium iron phosphate (“LFP”) cathode plant in the Nordic region. The company intends to achieve FID in parallel with FID at combined Gigafactories 1 & 2 at Mo i Rana.
• Continue to execute FREYR’s long-term strategy to establish localized, decarbonized supply chains across the Nordic region and U.S.

Presentation of First Quarter 2022 Results

A presentation will be held today, May 11^th, 2022, at 7:30 am Eastern Daylight Time (1:30 pm Central European Time) to discuss financial results for the first quarter 2022. The results and presentation material will be available for download at https://ir.freyrbattery.com.

To access the conference call, listeners should contact the conference call operator at the appropriate number listed below approximately 10 minutes prior to the start of the call.

Participant conference call dial-in numbers:

United Kingdom: +44.20.8610.3526
United States: +1.646.307.1951
Switzerland: +41.43.210.51.60
Spain: +34.910.489.955
Norway: +47.57.98.94.27
Luxembourg: +352.27.86.77.64
Hong Kong: +852.5808.0608
Germany: +49.69.97533134
France: +33.1.73.02.31.30
Denmark: +45.70.71.71.73
Canada: +1.647.360.0158

The participant passcode for the call is: 1754204

A webcast of the conference call will be broadcast simultaneously at https://streams.eventcdn.net/freyer/2022q1 on a listen-only basis. Please log in at least 10 minutes in advance to register and download any necessary software.

A replay of the webcast will be available at https://ir.freyrbattery.com/events-and-presentations/Events-Calendar/default.aspx

About FREYR Battery

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

Cautionary Statement Concerning Forward-Looking Statements

The information in this press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of present or historical fact included in this press release, including, without limitation, regarding FREYR's anticipated path to commercialization; the development, timeline, capacity and other usefulness of FREYR’s CQP and planned Gigafactories; the realization of FREYR’s capital spending plan; the progress and development of customer relationships and offtake agreements and supply chain partnerships; FREYR’s ability to partner with world class organizations to finance its growth ambitions, expand into adjacencies on the battery value chain, and deliver value to its shareholders; the success of any capital raising paths, including securing financial support from governments, to fund FREYR’s planned expansion; the realization of FREYR's supply chain strategy and augmented value proposition; FREYR’s finalization of any joint ventures and the status of any potential partnerships that would enable FREYR to broaden its participation across the battery technology spectrum; FREYR's growing pipeline of commercial opportunities; FREYR’s ability to convert any conditional agreements into definitive agreements; the development and growth of FREYR's target markets; the scale and arrangements for any FREYR production facilities; FREYR's ability to achieve its ambition to localize and decarbonize its supply chain across the region and the U.S.; the expected delivery times of any cell casting and unit assembly equipment; and FREYR's ability to grow its customer portfolio and secure capital to fund expansion are forward-looking statements.

These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Most of these factors are outside FREYR’s control and are difficult to predict. Additional information about factors that could materially affect FREYR is set forth under the “Risk Factors” section in (i) FREYR’s Registration Statement on Form S-1 filed with the Securities and Exchange Commission on August 9, 2021, as amended, and (ii) FREYR’s annual report on Form 10-K filed with the Securities and Exchange Commission on March 9, 2022, and available on the SEC’s website at www.sec.gov.

Except as otherwise required by applicable law, FREYR disclaims any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date of this press release. Should underlying assumptions prove incorrect, actual results and projections could different materially from those expressed in any forward-looking statements.

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

Media contact:
Katrin Berntsen
Vice President, Communication and Public Affairs
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Tel: (+47) 920 54 570

HOUSTON--(BUSINESS WIRE)--Quintana Infrastructure & Development LLC (“QID”), a Houston, Texas based infrastructure investor and operator, has partnered with Astarte Capital Partners LLP (“Astarte”), a London, UK based asset management firm focusing on real assets, to form QAI Capital (“QAI”). QAI will target more than $1.5 billion of mid-market, value-add infrastructure investments in North America. The primary focus is on adaptive infrastructure assets that will address the changing societal needs which lead to resilient infrastructure requirements for our generation and the next.

The partnership combines QID’s strong investing, operating and development expertise, with Astarte’s long standing asset management and ESG framework. QAI will focus on the infrastructure verticals of data and technology, industrial and environmental, decarbonization and energy transition. QAI will target equity investments of $20 to $80 million, and its strategy will involve: the development of greenfield and brownfield assets into operating companies; the acquisition of mature assets and repositioning or repurposing them into viable platforms; and the provisioning of growth capital to evolving businesses. QAI seeks to transition its investments into core or core-plus assets upon successful execution of the strategy.

North America, and particularly the economy of the United States, has embarked on a post-covid recovery during which infrastructure development is a key pillar. QAI aims to capitalize on the growing demand for infrastructure assets, which is expected to remain strong over the long term. QAI’s strategy benefits from several macro tailwinds, including the paradigm shifts to both digital transformation and low carbon energy.

Will Robertson, Managing Partner of Quintana Infrastructure & Development, commented:

“We are very pleased to be working with Astarte, a firm with significant depth of experience in asset management and of a shared responsible investing ethos. Astarte’s investment experience and capital reach will provide us with invaluable support and expertise, particularly in ESG matters, as we access the plentiful landscape of value-add infrastructure opportunities in North America.”

Dr. Stavros Siokos, Co-Founder and Managing Partner of Astarte Capital Partners, said:

“We are delighted to be partnering with QID. The team’s great experience and unique access to impactful projects across North America will provide benefit to our investors as well as the local communities that our projects and companies will serve. We believe that infrastructure is one of the industries where investors and private capital have significant ability to deliver impact, and QAI is well positioned to do that.”

About Quintana Infrastructure & Development:

QID is an investment firm established in 2011 by Will Robertson, focusing on value-add mid-market infrastructure opportunities in North America across three main verticals – data and technology, industrial and environmental, and responsible energy and power. The QID senior team has been working together for more than a decade investing in North American infrastructure opportunities exceeding $1 billion of total capital.

www.quintana-id.com

About Astarte Capital Partners:

Astarte is an asset manager focusing on sustainable real assets across Europe and North America, primarily in mid-market opportunities within the areas of real estate, infrastructure, energy transition and natural capital.

Astarte aims to provide access for institutional capital in specialist areas of real assets that are supported by the major macroeconomic themes, such as demographic shifts, resource efficiency, technology evolution and climate change mitigation. The firm’s main investment strategy is to act as strategic investor and anchor capital to emerging managers and thematic investment platforms that can demonstrate strong track record and growth potential in their specific asset class.

Astarte brings decades of asset management and investment fund formation experience with a strategy of working closely with and institutionalizing operating teams.

www.astartecp.com

Email Angie Jefferson at This email address is being protected from spambots. You need JavaScript enabled to view it. for more information.

DUBLIN--(BUSINESS WIRE)--The "Global Electrification Growth Opportunities" report has been added to ResearchAndMarkets.com's offering.

This study explores the role of electrification in the transition to decarbonization. The study examines the key enablers in terms of achieving electrification across 6 main sectors, that is, industry, buildings, maritime, aviation, agriculture, and transportation.

The study presents a comprehensive analysis of existing electrification technologies across these sectors. Furthermore, the study offers a projected electrification roadmap for each industry until 2050.

Governments across the world are looking for solutions to mitigate climate change and pave the way for decarbonization. The route to decarbonization requires supportive regulatory frameworks that mandate energy efficiency and emission reduction measures across all sectors. To achieve a low-carbon future, significant economic investments in renewables, hydrogen, bioenergy, CCUS, and electrification are required.

Electrification refers to the replacement of systems that use fossil fuels with systems that run on electricity generated from a renewable energy source (RES) or other low-carbon generation systems. Electrification delivers greenhouse gas (GHG) reductions in 2 ways; first, it shifts energy use from fossil fuels to RESs and low-carbon energy sources, thereby reducing the carbon intensity, and, second, it enables energy efficiency improvements and the increased adoption of digital technologies, thereby creating smart connected hubs. Despite this significant potential to reduce carbon emissions, the adoption of electrification is still nascent. Supporting policies and regulatory frameworks from governments will boost adoption.

Most electrification technologies are commercially available in the market. However, the high capital costs associated with the replacement of existing fossil fuel-based infrastructure, the high electricity prices, the lack of government incentives, and the poor awareness are significant barriers to the uptake of electrification. In terms of grid operations, the increased adoption of electrification across business sectors means increased pressure and load on systems.

The growing number of electrification activities across all business sectors will enable grid investments to expand electricity transmission and distribution networks. It will also lead to the development of aggressive and sustained supportive policies for R&D, demonstration, and new electrification technologies to run intensive thermal processes and meet net-zero carbon emissions goals.

At present, transportation is a critical sector for electrification as many governments are pushing it as a priority in their decarbonization strategies. Buildings and industry have similar scope for electrification.

Agriculture, maritime, and aviation remain the challenging segments as they rely on alternative measures (synthetic feedstock, synthetic fuels, and alternative agricultural/livestock practices) for decarbonization. Hybrid energy systems can efficiently supply electrification solutions and help decarbonize business segments.

In addition, hybrid energy systems can operate round-the-clock and improve the energy efficiency of operations through the rising share of the electricity generated from RESs, thereby reducing power costs and increasing system reliability.

Key Issues Addressed:

• What is electrification? What role does electrification play in driving the transition to decarbonization?
• What are the key drivers and restraints influencing electrification?
• What does the global electrification scenario look like today? Which initiatives are driving the trend of electrification?
• Which regions will show the highest growth potential, going forward? What does the electrification roadmap look like for the 6 business segments?
• Who are the key stakeholders influencing technology development and the adoption of electrification technologies across the business segments under study
• What are the different growth opportunities in this space?

Key Topics Covered:

1. Strategic Imperatives

• Why is it Increasingly Difficult to Grow?
• The Strategic Imperative
• The Impact of the Top Three Strategic Imperatives on Electrification
• Growth Opportunities Fuel the Growth Pipeline Engine

2. Growth Opportunity Analysis

• Key Findings
• Scope of Analysis
• Geographic Scope
• Business Segment Scope
• Key Questions this Study will Answer
• The 5 Pillars of Global Decarbonization
• Electrification - An Introduction
• Electrification - The Key Benefits
• Electrification - Enabling the Growth of Hybrid Energy Systems
• Electrification - Accelerating Digitalization and Enabling Smart Connected Hubs
• Growth Drivers
• Growth Restraints

3. Growth Opportunity Analysis - Industry

• Global Industry Sector
• Key Benefits of Industrial Electrification
• Key Enablers of Industrial Electrification
• How Can the Industrial Sector be Electrified?
• Industrial Electrification Technologies
• Summary of Electrification Technologies, Applications, and TRL
• Summary of Electrification Pathways for Hard-to-Abate Industries
• Key Strategies to Accelerate the Electrification of Industry
• Electrification of Industry - Key Technology Participants
• Electrification of Industry - A Roadmap

4. Growth Opportunity Analysis - Buildings

• Global Buildings Sector
• Key Benefits of Building Electrification
• Key Technologies and Solutions in Building Electrification
• Electrification of Buildings - Key Technology Participants
• Electrification of Buildings - A Roadmap

5. Growth Opportunity Analysis - Transportation

• The Electrification of the Transportation Sector
• Key Enablers of the Electrification of the Transportation Sector
• Infrastructure Requirements for the Electrification of the Transportation Sector
• Electrification of Transportation - Key Stakeholders
• Electrification of Transportation - A Roadmap Improved energy storage, electric motors, and power electronics (IGBT) will enhance the benefits of hybridization and electrification

6. Growth Opportunity Analysis - Aviation

• The Electrification of the Aviation Sector
• The Need for Electrification in the Aviation Sector
• Electrification of Aviation - Key Enablers
• Current Limitations for Aviation Electrification
• Aviation Electrification - Key Stakeholders
• Electrification of Aviation - A Roadmap

7. Growth Opportunity Analysis - Agriculture

• The Electrification of the Agriculture Sector
• Key Enablers for the Electrification of the Agriculture Sector
• The Electrification of Agriculture Enables Increased Digitalization
• Five Strategies to Accelerate the Electrification of Agriculture
• Electrification of Agriculture - Key Technology Participants
• Electrification of Agriculture - A Roadmap

8. Growth Opportunity Analysis - Maritime

• Global Maritime Sector
• The Electrification of the Maritime Sector
• Challenges in the Electrification of the Maritime Sector
• Key Enablers for the Electrification of the Maritime Sector
• Marine Electrification to Boost Digitalization
• Electrification of Maritime - Key Technology Participants
• Electrification of Maritime - A Roadmap

9. Regional Analysis

10. Growth Opportunity Universe

• Growth Opportunity 1: Increased DER and BESS Integration to Drive the Adoption of Electrification Technologies
• Growth Opportunity 2: Connected Digital Hubs for a Faster Route to Net Zero
• Growth Opportunity 3: Growth of VPPs and DR to Regulate Electricity Usage and Accelerate the Adoption of Electrification
• Growth Opportunity 4: Mergers, Collaborations, and Partnerships to Drive the R&D of Novel Electrification Technologies
• Growth Opportunity 5: New Service Models for Utilities and ESCOs to Reduce the Load on Utilities due to Electrification

For more information about this report visit https://www.researchandmarkets.com/r/utk473

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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DALLAS--(BUSINESS WIRE)--Concentric, LLC, the national leader in DC power management and on-site maintenance for the material handling and critical power industries, today announced the acquisition of Mesa Technical Associates, a premier provider of power systems for mission-critical infrastructure. This acquisition supports the continued expansion of Concentric’s geographic footprint as a leading critical power provider into New York and the Northeastern U.S. Joining Concentric, Mesa’s personnel and their expertise will further enhance Concentric’s capabilities serving customers across the electric utilities, telecommunications and energy storage systems space.

“We are extraordinarily excited to add the Mesa team to the Concentric family. This acquisition expands our critical power footprint in the northeast region, while adding key talent to our team. Mesa brings a talented group of individuals with a long track record of developing unique solutions for utility and telecommunications customers. They are a welcome addition to our business and leadership team,” said Concentric Chief Operating Officer, John Winter.

As a provider of turn-key DC power solutions, Mesa Technical Associates design, install and service a wide range of energy & power electronics products, batteries, power plant enclosures and structures, as well as complementary telecommunications products.

“Our utility, telecommunications, and industrial customers are operating in an increasingly complex world. We are thrilled to join the Concentric team to expand our capabilities and footprint, ensuring we can meet customers’ growing needs,” said Mesa Technical Associates President and Principal, Howard Gartland.

“The complement of Concentric and Mesa provides clients in the traditional electric utility space and the emerging energy storage space an accomplished team of professionals that can support the complexities of new solutions that solve their evolving needs for cleaner and greener power,” said Mesa Technical Associates Executive Vice President and Principal Carey O’Donnell.

Concentric is an OnPoint Group company, the only national material handling and facility services organization in the United States. For additional information about Concentric or this acquisition, visit www.concentricusa.com or www.onpointgroup.com/mergers-acquisitions.

About Concentric

Concentric, an OnPoint Group Company, is the national leader in DC power management and on-site maintenance for the material handling and critical power industries. The company’s signature solution, GuaranteedPOWER® is an industry-first, enabling leading manufacturers, and distributors to improve safety and consistency through a fixed cost program delivering 30% average total cost savings. Concentric partners with both facility and corporate teams, helping them find a better way to manage consistency across the nation as they design, integrate and operate their forklift and backup power systems. Learn more at concentricusa.com.

About OnPoint Group

OnPoint Group is the first national, brand independent service and equipment provider supporting manufacturers, retailers and distributors for all of their material handling and facility maintenance needs to achieve better productivity, safety and cost-control. Divisions include Miner, TrueSource, Concentric and TFS, specializing in everything from forklift fleet management to forklift power, critical backup power, docks, doors, and other critical facility maintenance needs. Headquartered in Perrysburg, OH, OnPoint Group’s more than 1,700 industry professionals and 40,000 service affiliates support system-wide improvements, total cost control and risk mitigation through custom engineered solutions and data-driven decisions. For more information, visit www.onpointgroup.com.

Suki Mulberg Altamirano
Lexington Public Relations
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Newly designed, high-performing module now available in a familiar footprint

CYPRESS, Calif.--(BUSINESS WIRE)--Mitsubishi Electric US, Inc. recently launched a new Silicon Carbide (SiC) power module FMF400DY-24B. The 400A, 1200V Dual SiC MOSFET module includes an anti-parallel, low Vf, zero recovery loss, SiC SBD (Schottky Barrier Diode). The module packages new designs into a current industry standard footprint (62mm x 108mm) for medical power supplies and general industrial applications. Designed for Vgs(on)=15V, the module is compatible with standard IGBT gate drivers and can be seamlessly incorporated into existing mechanical layouts for easy upgrades from Si IGBT technologies.

The module uses Mitsubishi Electric second generation SiC MOSFET chip technologies that are ideal for applications requiring high switching frequencies. The SiC module reduces power loss by approximately 70% compared with an equivalently rated Si IGBT.

“This new module is in a classic package footprint, with the latest technology inside for superior function and flexibility,” said Adam Falcsik, senior product manager of Mitsubishi Electric US’s Power Device group. “The FMF400DY-24B adds to Mitsubishi Electric’s growing lineup of SiC products.”

In addition to higher efficiency, the module is compliant with the Restriction of the Use of Certain Hazardous Substances in Electrical and Electronic Equipment (RoHS) directive 2011/65/EU and (EU) 2015/863 to meet critical environmental regulations. The module furthers Mitsubishi Electric’s core technology vision by contributing to a smarter and more sustainable society.

For more information on Mitsubishi Electric products, view the catalog or visit our website.

About Mitsubishi Electric US, Inc., Semiconductor & Device Division

The Semiconductor & Device Division of Mitsubishi Electric US, Inc. offers a portfolio of semiconductor and electronic devices that contribute to the advancement of information processing, telecommunications and the efficient use of energy. The division’s next-generation optical devices, high-frequency gallium nitride, gallium arsenide devices and silicon RF devices are used in a range of applications such as data centers, satellite base stations and two-way radios to support today's rapidly evolving telecommunications networks. The division offers leading-edge CIS line-scan bars for industrial image output and image processing. Additionally, the division provides highly efficient power modules for both traditional and renewable energy sources that distribute power effectively and reliably. More information available at https://meus-semiconductors.com/.

Brooke Behunin
Mitsubishi Electric US, Inc.
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PHOENIX--(BUSINESS WIRE)--Knight-Swift Transportation Holdings Inc. (NYSE: KNX) announced today that David Jackson, President and Chief Executive Officer, Adam Miller, Chief Financial Officer, and Brad Stewart, Executive Vice President of Finance are scheduled to participate in the following upcoming transportation conferences:

Bank of America Transportation, Airlines, and Industrials Conference – May 19, 2022
Via Teleconference
David Jackson, President and Chief Executive Officer, Adam Miller, Chief Financial Officer

KeyBanc Capital Markets Industrials & Basic Materials Conference – June 2, 2022
Intercontinental Hotel, Boston, MA
Adam Miller, Chief Financial Officer, Brad Stewart, Executive Vice President of Finance

About Knight-Swift

Knight-Swift Transportation Holdings Inc. is one of North America's largest and most diversified freight transportation companies, providing multiple truckload transportation and logistics services, as well as LTL services. Knight-Swift uses a nationwide network of business units and terminals in the United States and Mexico to serve customers throughout North America. In addition to operating the country's largest tractor fleet, Knight-Swift also contracts with third-party equipment providers to provide a broad range of truckload services to our customers while creating quality driving jobs for our driving associates and successful business opportunities for independent contractors.

Forward-Looking Statements

This press release contains certain statements that may be considered forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, relating to anticipated benefits of the transaction, and such statements are subject to the safe harbor created by those sections and the Private Securities Litigation Reform Act of 1995, as amended. All statements, other than statements of historical or current fact, are statements that could be deemed forward-looking statements. Forward-looking statements are based on currently available operating, financial, and competitive information. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified, which could cause future events and actual results to differ materially from those set forth in, contemplated by, or underlying the forward-looking statements. Readers should review and consider the factors that may affect future results and other disclosures by the Knight, Swift, and Knight-Swift in their press releases, stockholder reports, Annual Report on Form 10-K, and other filings with the Securities and Exchange Commission. We expressly disclaim any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein.

David Jackson, President and CEO, or Adam Miller, CFO - 602-606-6349

• The acquisition will enable AutoGrid to expand into new geographies, and empower energy companies globally with the tools needed to add 1,000+ GW of renewable and distributed energy resources to the grid in the coming decade
• AutoGrid and Schneider Electric announced an integrated solution for utility digital transformation in January 2020 which is ranked as the #1 Distributed Energy Resources Management System solution by independent research firm Guidehouse Insights

REDWOOD CITY, Calif.--(BUSINESS WIRE)--AutoGrid, the leader in artificial intelligence (AI)-driven optimization for distributed energy resources (DERs), announced today that it has signed a definitive agreement to be acquired by Schneider Electric, the global specialist in energy management and automation. The transaction is subject to regulatory approval and other customary closing conditions and is expected to close in Q3, 2022. The acquisition will provide AutoGrid with the resources and global reach to accelerate its growth and pace of product innovation.

“Schneider Electric and AutoGrid have a shared vision for a more sustainable world through electrification, digitization and decarbonization. With AutoGrid, we can deliver significant value to energy companies by delivering cutting-edge technologies to drive adoption of smart grids and reduction of carbon emissions,” said Nadège Petit, Chief Innovation Officer at Schneider Electric. “We are excited to create maximum impact with our customers by accelerating the reach and scale of AutoGrid.”

Schneider Electric and AutoGrid have been working together as partners since 2015 and announced a fully integrated Advanced Distribution Management System (ADMS) and Distributed Energy Resources Management System (DERMS) two years ago. In January 2022, the energy industry’s leading independent research firm Guidehouse Research ranked the Schneider Electric - AutoGrid DERMS solution as #1 in the world.

“Joining forces with AutoGrid will give customers the most advanced platform to integrate and orchestrate distributed energy resources for the benefit of all grid stakeholders,” said Luis D’Acosta, Executive Vice President of Digital Energy at Schneider Electric. “These new capabilities will accelerate prosumer engagement for a more sustainable and efficient grid.”

AutoGrid’s technology plays a direct role in combating climate change. For over a decade, AutoGrid has pioneered the science of flexibility management to enable wide-scale renewable energy adoption. Their democratized energy internet smooths out sudden fluctuations in renewable energy supply and customer energy demands. AutoGrid’s AI-powered Virtual Power Plant (VPP) and Distributed Energy Resources Management (DERMS) Platform offers a sustainable alternative to dirty and expensive fossil-fuel dependent backup power plants by managing and deploying additional untapped capacity from batteries, electric vehicles and flexible load. AutoGrid has transformed the century-old, one-way, electricity grid architecture into a two-way flow of electrons that gives consumers the freedom and economic incentive to combat climate change with their energy decisions

“We started AutoGrid with the singular mission of accelerating the world's access to sustainable energy,” said Amit Narayan, Founder and CEO of AutoGrid. “I am grateful for the help we have received from Schneider Electric as an ardent supporter throughout this journey. I can say with confidence that we couldn’t have found a better partner who is more aligned in terms of our values and commitment to the mission to decarbonize our planet. I am now looking forward to the next chapter to scale our technology even faster to solve this urgent climate crisis facing us.”

About AutoGrid

Founded in 2010, with the mission of combatting climate change by accelerating access to clean, affordable & reliable energy globally. AutoGrid’s AI-driven software empowers energy consumers, creators and distributors with a smart orchestration platform giving them access to electric vehicles, batteries, roof-top solar, utility-scale wind and other distributed energy resources (DERs). By enabling prediction, optimization, and real-time control of millions of energy assets at an unprecedented scale, AutoGrid is making the vision of a decentralized, decarbonized, and democratized new energy world a reality.

With over a decade of pioneering innovation across the globe, AutoGrid offers fleet owners, energy-as-a-service companies, renewable project developers, utilities, and electricity retailers the ability to build, own, operate, and participate in intelligent and scalable Virtual Power Plants (VPPs) enabling them to break their dependency on fossil-fuel based energy. AutoGrid Flex platform is managing over 6,000 MW of VPPs in 15 countries – everything from an electric vehicles, storage or solar panels in a home, to microgrids in a campus or industrial site, and utility scale storage and renewable farms – and is ranked as the #1 Virtual Power Plant and the #1 Distributed Energy Resources Management Platform in the world (according to the latest global ranking by industry-leading research and analysis firm Guidehouse Insights).

Additional info can be found at: http://www.auto-grid.com

Media:
Arup Barat
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DUBLIN--(BUSINESS WIRE)--The "Flare Gas Recovery System Market: Global Industry Analysis, Trends, Market Size, and Forecasts up to 2027" report has been added to ResearchAndMarkets.com's offering.

The report predicts the global flare gas recovery system market to grow with a CAGR of 11.38% over the forecast period from 2021-2027.

The report on the global flare gas recovery system market provides qualitative and quantitative analysis for the period from 2019 to 2027. The study on flare gas recovery system market covers the analysis of the leading geographies such as North America, Europe, Asia-Pacific, and RoW for the period of 2019 to 2027.

The report on flare gas recovery system market is a comprehensive study and presentation of drivers, restraints, opportunities, demand factors, market size, forecasts, and trends in the global flare gas recovery system market over the period of 2019 to 2027. Moreover, the report is a collective presentation of primary and secondary research findings.

Porter's five forces model in the report provides insights into the competitive rivalry, supplier and buyer positions in the market and opportunities for the new entrants in the global flare gas recovery system market over the period of 2019 to 2027. Further, Growth Matrix gave in the report brings an insight into the investment areas that existing or new market players can consider.

What does this Report Deliver?

• Comprehensive analysis of the global as well as regional markets of the flare gas recovery system market.
• Complete coverage of all the segments in the flare gas recovery system market to analyze the trends, developments in the global market and forecast of market size up to 2027.
• Comprehensive analysis of the companies operating in the global flare gas recovery system market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and latest developments of the company.
• Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.

Company Profiles

• Zeeco
• John Zink Hamworthy Combustion
• MPR Industries
• UOP Honeywell
• Movitherm
• Transvac Systems Ltd
• Aerzener Maschinenfabrik GmbH
• Gardner Denver Nash LLC
• Wartsilia
• MAN Energy Solutions SE

Report Findings

1) Drivers

• The factors such as increasing environmental awareness, regulations, and potential chances of gaining profit from the flare gas recovery product are expected to propel the market growth

2) Restraints

• Lack of technology awareness in underdeveloped nations and emerging economies and lack of government regulations in these countries are expected to hinder the market growth

3) Opportunities

• The boom in power generation applications over the forecast period in the oil and gas industry drives its demand and is expected to create lucrative opportunities in the global market.

Segment Covered

The Global Flare Gas Recovery System Market by Capacity

• Small
• Medium
• Large
• Very Large

The Global Flare Gas Recovery System Market by Application

• Upstream
• Downstream
• Others

For more information about this report visit https://www.researchandmarkets.com/r/i96szz

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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