VALLEY FORGE, Pa.--(BUSINESS WIRE)--#EarningsAnnouncement--UGI Corporation (NYSE: UGI) will announce the results of its first fiscal quarter earnings after the market closes on February 1, 2023. The company will hold a live internet audio webcast of its conference call to discuss results and other current activities at 9:00 AM ET on Thursday, February 2.
Interested parties may listen to the audio webcast both live and in replay on the Internet at https://www.ugicorp.com/investors/financial-reports/events-and-presentations or by visiting the company website https://www.ugicorp.com and clicking on “Investors” and then “Events and Presentations.”
About UGI
UGI Corporation is a distributor and marketer of energy products and services. Through subsidiaries, UGI operates natural gas and electric utilities in Pennsylvania, natural gas utilities in West Virginia, distributes LPG both domestically (through AmeriGas) and internationally (through UGI International), manages midstream energy assets in Pennsylvania, Ohio, and West Virginia and electric generation assets in Pennsylvania, and engages in energy marketing, including renewable natural gas, in the Mid-Atlantic region of the United States and California, and internationally in France, Belgium, and the Netherlands.
Comprehensive information about UGI Corporation is available on the Internet at https://www.ugicorp.com.
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TORONTO--(BUSINESS WIRE)--Superior Plus Corp. (“Superior”)(TSX:SPB) is saddened to announce the passing of Board member Richard Bradeen.
“On behalf of Superior’s Board of Directors and employees, we extend our heartfelt condolences to Mr. Bradeen’s family and friends,” said Chairman David Smith. “Richard brought a wealth of experience, wisdom and insight to Superior gained through his distinguished career. Richard will be greatly missed by all that knew him.”
Mr. Bradeen has been on Superior’s Board of Directors since May 2015. Prior to joining Superior’s Board of Directors, Richard served as Senior Vice President of Strategy, Mergers & Acquisitions, Pension Investments, Corporate Audit Services and Risk Assessment for Bombardier Inc., a leading worldwide manufacturer for planes and trains. Prior to that, Mr. Bradeen served as a Partner at Ernst & Young. He joined Ernst & Young in 1978 and held increasingly senior roles over 19 years, including the role of President of the Corporate Finance group in Toronto.
About the Corporation
Superior is a leading North American distributor and marketer of propane and distillates and related products and services, servicing approximately 890,000 customer locations in the U.S. and Canada.
For further information about Superior, please visit Superior’s website at: www.superiorplus.com or contact: Beth Summers, Executive Vice President and Chief Financial Officer, Tel: (416) 340-6015, or Rob Dorran, Vice President, Capital Markets, Tel: (416) 340-6003, E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it., Toll-Free: 1-866-490-PLUS (7587).
Beth Summers, Executive Vice President and Chief Financial Officer
Tel: (416) 340-6015
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Rob Dorran, Vice President, Capital Markets
Tel: (416) 340-6003
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DUBLIN--(BUSINESS WIRE)--The "Renewable Energy Market in India 2022-2027" report has been added to ResearchAndMarkets.com's offering.
The cumulative installed renewable energy capacity (excluding large hydro) stood at 111.39 GW in FY 2022. It is expected to reach 287.34 GW by FY 2027, expanding at a CAGR of 21.60% during the FY 2023 - FY 2027 forecast period.
The country intends to reach 450 GW of installed renewable energy capacity by 2030, with solar power accounting for 280 GW (more than 60%). By FY 2027, the share of RE is expected to come close to 50% of the installed power capacity.
The demand for power around the world is steadily increasing with enhanced living standards, supported by rapid urbanization. There has been a spurt in the demand for renewable energy since conventional electricity generation methods such as thermal power plants are getting exhausted gradually.
The renewable energy market is constantly expanding through efficient collaboration between the government and the private sector. In India, solar and wind are the most popular renewable sources of energy.
Market insights:
Key growth drivers of the market:
The combination of low-cost financing and expected solar and wind module cost declines are some of the key factors driving solar prices down in the country.
The recent adoption of the reverse auction regime for wind tariff trends are reflected by extending the high wind resource potential trajectory. The continued reduction in cost of renewable energy helps in creating sustainable and domestic-based energy system.
Key deterrent to the growth of the market:
Renewable energy projects have a decentralized nature and require proper system planning and integration in operation of transmission networks. The key purpose of the current transmission lines is to transmit the energy from regional generation units to load centers.
RE projects are often set up in remote areas, away from large cities, and result in weak transmissibility. The distance and voltage levels, therefore, increase with the installation of REs plants far away from the load centers.
COVID-19 impact analysis:
In the wake of the pandemic, renewable energy sector was hit by multiple demand and supply shocks, but the impact on the renewable power sector was relatively mild as a series of relief measures were announced by the government throughout 2020 - 2021.
However, revenue losses during the 2020 - 2021 period went up due to a fall in demand, high Aggregate Technical and Commercial (AT&C) losses, fixed charge waivers, and delayed payment collections.
Key Topics Covered:
Chapter 1: Executive summary
Chapter 2: Socio-economic indicators
Chapter 3: Introduction
3.1. Market definition and structure
3.2. Government organizations that control the renewable energy market
Chapter 4: Market Overview
4.1 Renewable energy market - An overview
4.1.1. Renewable energy installed capacity and growth forecast (FY 2020 - FY 2027e)
4.1.2. Share of renewable energy in total installed power capacity (FY 2022 and FY 2027e)
Chapter 5: Market Segmentation
5.1. Share of different segments in renewable energy installed capacity (as of FY 2022)
5.2. Target of capacity share of different segments by end of 2022
5.3. Solar power capacity (as of August 2022)
5.4. Wind power capacity (as of August 2022)
5.5. Bio power capacity (as of August 2022)
5.6. Small hydro power capacity (as of August 2022)
Chapter 6: Government Initiatives
6.1. Government Initiatives
Chapter 7: Impact of COVID-19
7.1. Impact of COVID-19
Chapter 8: Market influencers
8.1. Key growth drivers
8.2. Key challenges
Chapter 9: Competitive landscape
9.1. Adani Power Limited
9.2. Azure Power Global Limited
9.3. JSW Energy Limited
9.4. NTPC Limited
9.5. ReNew Energy Global Plc
9.6. Suzlon Energy Limited
9.7. The Tata Power Company Limited
9.8. Torrent Power Limited
9.9. Sembcorp Energy India Limited
9.10. GreenKo Group
Chapter 10: Recent developments
10.1. Recent developments
Chapter 11: Appendix
For more information about this report visit https://www.researchandmarkets.com/r/t9wc72
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BEVERLY, Mass.--(BUSINESS WIRE)--Easterly Asset Management’s (Easterly) Maritime Logistics Equity Partners (MLEP), formed in 2021 to acquire maritime shipping assets, announced today that it has acquired four additional vessels through MLEP’s second chemical tanker investment tranche. This acquisition brings the MLEP fleet to 11 ships. The newly purchased vessels are all coated chemical tankers and become the largest chemical tankers in the MLEP fleet. The four new vessels are:
“The new MLEP acquisitions show the appeal of our focus on benefitting from the substantial dislocations and opportunities in international shipping markets by acquiring chemical tankers,” said Michael Collins, Managing Director, and Global Head of Distribution for Easterly Asset Management. “We have already seen with our first seven ships that the demand for such tankers has the potential to generate a high level of income for investors, and we continue to seek new investment opportunities in the shipping sector.”
Launched in September 2021, MLEP is seeking to take advantage of the limited supply and growing demand for chemical tankers, a low future orderbook for new ship construction, and increases in trade and day rates. In addition to the newly acquired four chemical tankers, MLEP already owns seven stainless steel and coated tankers:
Both of MLEP’s investment tranches are designed to capitalize on shortages in tanker capacity brought about by growing global demand for the transport of bulk liquids such as palm oil, molasses, feedstock and other commodities and the limited construction of vessels to provide such transport since the end of a construction boom in 2008. Since then, shipbuilders have concentrated on other types of much larger vessels. Also, rising steel and labor costs now have new ship construction costs at 12-year highs. Finally, pending new industry rules stemming from IMO 2030 regulatory changes are adding further uncertainty.
MLEP’s strategy is to take advantage of this supply/demand imbalance by acquiring 10–15-year-old tankers that still have years of productive life remaining. MLEP is putting these ships out for hire through WOMAR, one of the largest independent chemical tanker pool operators in the industry. All 11 of the MLEP vessels are now in WOMAR tanker pools.
“This is a unique investment opportunity in that it not only addresses a true market dislocation in a difficult-to-access and opaque sector, but also provides downside risk protection through residual scrap steel valuations at the end of the vessels’ lifespans,” said Collins. “Working with an experienced partner such as WOMAR helps to maximize our ability to generate returns for our investors.”
About Maritime Logistics Equity Partners
Maritime Logistics Equity Partners (MLEP) is a company formed to raise capital to take advantage of various opportunities in the international shipping markets. MLEP’s objective is to provide investors with an attractive level of regular, growing income and capital returns by investing in previously owned chemical tankers. MLEP expects a robust chemical tanker market due to a historically low order book, a lack of liquidity in the capital markets for new tankers, expanding ton-mile demand for chemical tankers and additional cargo coming online in 2023 and beyond. Investors gain exposure to MLEP through a private placement sponsored by Easterly Asset Management.
About Easterly Asset Management
About Easterly Asset Management (Easterly) is a multi-affiliate platform of high-performing boutique investment managers. Easterly is committed to bringing investors innovative investment strategies by partnering with quality managers who possess deep domain expertise and are craftsman in their respective asset classes and investment processes. We support our partners by delivering best-in-class solutions in sales, marketing, operations, technology, human resources, and finance to scale their businesses. We also offer affiliates, through our platform partnerships, the opportunity to access our retail & institutional distribution services. With our 20 investment professionals across our seven affiliates, we offer a range of products including separate accounts, SMAs, ’40 Act Funds, CITs and private placements. At the end of December 2022, Easterly had $3.1 billion in assets under management. For more information, please visit Easterly at https://easterlyam.com/.
About WOMAR
WOMAR is an experienced tanker pool operator with industry scale to operate the acquired vessels. WOMAR is one of the largest independent pool operators in the chemical tanker space. It has five offices globally: Singapore; Rotterdam, Netherlands; Mumbai, India; Houston, Texas; and Stamford, Connecticut. WOMAR’s senior management has been with the company for over a decade and has deep industry experience. WOMAR deploys tonnage worldwide and leverages the synergies of global trade by being local in major areas of significance. For more information, please visit us at https://www.womarpools.com.
Michael Collins
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617-303-4812
www.EasterlyAM.com
The large-scale technology installation is designed to prevent up to 5,000 tons of total emissions per year across five buildings and 2.5 million square feet of residential space
NEW YORK--(BUSINESS WIRE)--CarbonQuest, a leading carbon capture technology provider supporting onsite building decarbonization across the real estate sector, today announced that the company’s revolutionary technology will be installed in five multifamily properties owned by Glenwood Management (‘Glenwood’) in the first three months of 2023. With CarbonQuest serving as the only modular building carbon capture solution on the market, this marks the first large-scale installation of its type in an urban setting in which carbon is captured from buildings to prevent it from being emitted into the atmosphere.
The installations at these buildings — which include The Fairmont (300 East 75th Street), The Bristol (300 East 56th Street), The Paramount Tower (240 East 39th Street), The Barclay (1755 York Avenue) and The Somerset (1365 York Avenue) — come on the heels of the success of Glenwood’s pilot project with CarbonQuest at The Grand Tier (1930 Broadway), which is the first commercially operational building carbon capture project on the market.
Through CarbonQuest’s proprietary emission-reduction process, CO2 is captured from building flue exhaust before it ever has the chance to escape as a greenhouse gas. Subsequent to this initial capture, the CO2 undergoes a multi-stage process that separates and captures CO2, producing an end product of liquid CO2 stored securely in a bulk tank. CarbonQuest then sells its “Sustainable CO2”™ to other companies focused on carbon utilization and sequestration, including those that mineralize carbon in concrete and concrete aggregates manufacturing.
A large portion of the Sustainable CO2™ generated at the Glenwood buildings will be sold to NYC-based masonry firm and block producer Glenwood Mason Supply (unaffiliated with Glenwood Management), where the CO2 will be sequestered permanently in concrete blocks. CarbonQuest is also in the process of forming partnerships with other CO2 offtakers, who would utilize the recycled Sustainable CO2™ in their own carbon-intensive processes.
“Studies have shown that the building sector is a significant contributor to climate change, and federal and city legislation are both incentivizing technology that can drive emissions reduction at a building level,” said Josh London, Senior Vice President at Glenwood Management. “With the success of our first CarbonQuest system at 1930 Broadway, we are excited to roll out the technology to more of our portfolio, leveraging carbon capture alongside other technologies to reduce our emissions and gain compliance with local regulations.”
CarbonQuest’s systems will help Glenwood prevent thousands of tons of building CO2 emissions each year. The technology is particularly timely in light of New York City’s Local Law 97, which will begin to penalize buildings based on their CO2 emissions in 2024. Based on their current carbon usage, Glenwood's properties would incur roughly $7 million in penalties between 2024 and 2029, followed by $15 million in penalties in the years ranging from 2030 to 2034; CarbonQuest's systems are expected to eliminate those fines entirely.
CarbonQuest’s modular Building Carbon Capture SystemTM offers several sizes to support a variety of building types and applications, with some large building applications reducing tens of thousands of tons per year. Application of building carbon capture in NYC has the potential to quickly and cost effectively reduce hundreds of thousands of tons of emissions in NYC alone.
“CarbonQuest is the only cost-effective, nondisruptive solution offering an immediate pathway to meaningful building decarbonization, and we view this expanded partnership with Glenwood Management as a testament to the instant value realized through our pilot project,” said Brian Asparro, Chief Operating Officer at CarbonQuest. “With New York City’s building emission penalties set to go into effect next year, property owners are looking for innovative ways to decarbonize. And while improving energy efficiency is part of the equation, capturing carbon before it is emitted is also a critical part of the path to decarbonization.”
Added Asparro: “A growing number of property owners are evaluating our building carbon capture technology, and we are excited to continue partnering with forward-thinking real estate operators to reduce carbon emissions in the built environment.”
While CarbonQuest has the potential to provide significant value to building owners, the modular product also presents a unique approach that can dramatically increase the global capacity of “point-source” carbon capture. Historically, point-source carbon capture systems were used exclusively at power plants and other large industrial facilities that benefitted from an abundance of space, an absence of tenant activity, and often, significant capital to dedicate to energy and carbon reduction. CarbonQuest is elevating the building decarbonization landscape, fostering opportunities for emissions reduction from property owners of any sizable commercial, residential or institutional building, thereby dramatically expanding the potential environmental impact of the technology.
The carbon capture process at each property will also be coupled with the deployment of CarbonQuest’s Carbon Management Software™, providing real-time data and analytics to track the capture of the CO2 and its delivery to the customers in real time. CarbonQuest software will also verify, measure and report CO2 emissions to third party verifiers, auditors, and regulators.
About CarbonQuest
CarbonQuest is advancing building decarbonization with a modular, accessible solution that captures CO2 from buildings before it is emitted to the atmosphere. The captured CO2 is then liquified and transported to local businesses that need carbon for their production processes, such as cement manufacturers. By introducing its technology and Sustainable CO2™ into the market, CarbonQuest enables its customers to support a circular economy while meeting ESG and net-zero goals with a cost-effective, turnkey solution. Learn more at www.carbonquest.com.
About Glenwood Management
Founded in 1962, Glenwood Management is a leading developer, owner and manager of luxury apartment properties. The company offers residents across its portfolio a curated living experience, with high-end finishes, a wide range of property amenities and an unparalleled level of service. For more information, visit https://www.glenwoodnyc.com/.
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HOUSTON--(BUSINESS WIRE)--Magnolia Oil & Gas Corporation (NYSE: MGY) announced preliminary fourth quarter 2022 estimated oil and gas production volumes in the range of 73 to 74 Mboe per day, compared to the midpoint of the Company’s earlier guidance of 78 Mboe per day.
Two factors led to the production variance compared to previous guidance. First, a single large pad was brought online later than expected during the fourth quarter 2022. This pad is currently fully operational and performing in line with expectations. Second, freezing temperatures impacted both Magnolia’s Karnes and Giddings assets during late December, resulting in some well shut-ins and facility downtime in both areas.
Despite the impact of these items in the fourth quarter, Magnolia’s production has since recovered with volumes currently exceeding 80 Mboe per day. The Company’s 2023 guidance remains unchanged, and Magnolia expects to generate full-year 2023 production growth of 10 percent compared to last year, at current product prices.
About Magnolia Oil & Gas
Magnolia is a publicly traded oil and gas exploration and production company with operations primarily in South Texas in the core of the Eagle Ford Shale and Austin Chalk formations. Magnolia focuses on generating value for shareholders through steady production growth, strong pre-tax margins, and free cash flow. For more information, visit www.magnoliaoilgas.com.
Cautionary Note Regarding Forward-Looking Statements
The information in this press 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. All statements, other than statements of present or historical fact included in this press release, regarding Magnolia’s strategy, future operations, financial position, estimated revenues and losses, projected costs, prospects, plans and objectives of management are forward looking statements. When used in this press release, the words could, should, will, may, believe, anticipate, intend, estimate, expect, project, the negative of such terms and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on management’s current expectations and assumptions about future events. Except as otherwise required by applicable law, Magnolia 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. Magnolia cautions you that these forward-looking statements are subject to all of the risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of Magnolia, incident to the development, production, gathering and sale of oil, natural gas and natural gas liquids. In addition, Magnolia cautions you that the forward looking statements contained in this press release are subject to the following factors: (i) the economic effects of the COVID-19 pandemic and actions taken by federal, state and local governments and other third parties in response to the pandemic; (ii) the outcome of any legal proceedings that may be instituted against Magnolia; (iii) Magnolia’s ability to realize the anticipated benefits of its acquisitions, which may be affected by, among other things, competition and the ability of Magnolia to grow and manage growth profitably; (iv) changes in applicable laws or regulations; (v) geopolitical and business conditions in key regions of the world; and (vi) the possibility that Magnolia may be adversely affected by other economic, business, and/or competitive factors, including inflation. Should one or more of the risks or uncertainties described in this press release occur, or should underlying assumptions prove incorrect, actual results and plans could differ materially from those expressed in any forward-looking statements. Additional information concerning these and other factors that may impact the operations and projections discussed herein can be found in Magnolia’s filings with the SEC, including its Annual Report on Form 10-K for the fiscal year ended December 31, 2021. Magnolia’s SEC filings are available publicly on the SEC’s website at www.sec.gov.
Brian Corales
713-842-9036
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NEW ORLEANS--(BUSINESS WIRE)--IMTT announced today that it has closed on the sale of the company’s bulk liquids storage terminal located in Gretna, Louisiana to BWC Terminals LLC. The Gretna terminal is located on the Mississippi River and has approximately 2.3 million barrels of storage capacity, with truck, rail, and deep-water marine access.
“BWC was uniquely positioned to execute on this transaction due to the adjacent location of their Harvey terminal,” said Carlin Conner, chairman and CEO of IMTT. “Divesting a terminal that we have owned and operated for 32 years was a difficult decision. BWC’s commitment to continuing to operate Gretna with the current team in place, and in a safe, environmentally responsible, and efficient manner was a major factor in our decision.”
“With the reinvestment of proceeds from this transaction and the execution of contracted renewable fuel and chemical-related infrastructure projects that are in progress, over half of the company’s revenue in 2023 will be generated from the handling of non-petroleum products, such as renewable diesel feedstocks, renewable diesel, vegetable and tropical oils, and chemicals.”
New Orleans-based IMTT will continue to own and operate its 16 other terminals across North America, including its three Louisiana terminals located along the Mississippi River in Avondale, Geismar, and St. Rose, which generate nearly 70% of its revenue from the handling of non-petroleum products.
About IMTT
Founded in 1939 and headquartered in New Orleans, Louisiana, IMTT is an industry leader in the handling and storage of bulk liquid products, especially energy transition fuels, feedstocks and petrochemicals, through its ownership and operation of 16 terminals in the East, West, and Gulf Coasts, as well as the Great Lakes region and Canada. IMTT is focused on providing safe and reliable service while delivering innovative solutions for the evolving energy needs of its customers. In addition to expanding its independent liquid terminals business, IMTT is committed to pursuing low carbon intensity growth opportunities and reducing carbon emissions across its existing asset base. For more information about IMTT, visit imtt.com.
Contact: Kim Nave
Phone: 504-619-2259
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EWING, N.J.--(BUSINESS WIRE)--$OLED #OLED--Universal Display Corporation (Nasdaq: OLED), enabling energy-efficient displays and lighting with its UniversalPHOLED® technology and materials, today announced its participation in the following investor and industry conferences.
Investor Conference:
25th Annual Needham Growth Conference
Date: January 10, 2023
Presentation Time: 1:30 PM ET*
Location: New York City
Presenters: Steve Abramson, President and CEO and Brian Millard, Vice President and CFO
* A live and archived audio webcast of the investor presentation will be available on the events page of the Company's Investor Relations website at ir.oled.com.
Industry Conference:
LOPEC 2023
Date: February 28, 2023
Location: Messe München, Germany
Presenter: Dr. Mike Hack, Vice President of Business Development
Presentation: UDC's Progress with Phosphorescent OLED Technology
About Universal Display Corporation
Universal Display Corporation (Nasdaq: OLED) is a leader in the research, development and commercialization of organic light emitting diode (OLED) technologies and materials for use in display and solid-state lighting applications. Founded in 1994 and with subsidiaries and offices around the world, the Company currently owns, exclusively licenses or has the sole right to sublicense more than 5,500 patents issued and pending worldwide. Universal Display licenses its proprietary technologies, including its breakthrough high-efficiency UniversalPHOLED® phosphorescent OLED technology that can enable the development of energy-efficient and eco-friendly displays and solid-state lighting. The Company also develops and offers high-quality, state-of-the-art UniversalPHOLED materials that are recognized as key ingredients in the fabrication of OLEDs with peak performance. In addition, Universal Display delivers innovative and customized solutions to its clients and partners through technology transfer, collaborative technology development and on-site training. To learn more about Universal Display Corporation, please visit https://oled.com/.
Universal Display Corporation and the Universal Display Corporation logo are trademarks or registered trademarks of Universal Display Corporation. All other company, brand or product names may be trademarks or registered trademarks.
All statements in this document that are not historical, such as those relating to the projected adoption, development and advancement of the Company’s technologies, and the Company’s expected results and future declaration of dividends, as well as the growth of the OLED market and the Company’s opportunities in that market, are forward-looking financial statements within the meaning of the Private Securities Litigation Reform Act of 1995. You are cautioned not to place undue reliance on any forward-looking statements in this document, as they reflect Universal Display Corporation’s current views with respect to future events and are subject to risks and uncertainties that could cause actual results to differ materially from those contemplated. These risks and uncertainties are discussed in greater detail in Universal Display Corporation’s periodic reports on Form 10-K and Form 10-Q filed with the Securities and Exchange Commission, including, in particular, the section entitled “Risk Factors” in Universal Display Corporation’s Annual Report on Form 10-K for the year ended December 31, 2021. Universal Display Corporation disclaims any obligation to update any forward-looking statement contained in this document.
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Darice Liu
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Innovative Technology Could Help OUC Ensure Reliability, Decrease Carbon Emissions while Shifting to Clean Energy
NEWS HIGHLIGHTS
ORLANDO, Fla.--(BUSINESS WIRE)--The Orlando Utilities Commission (OUC—The Reliable One) will explore deployment of Malta Inc.’s long-duration energy storage power plant as a reliable and commercially viable solution to help achieve the utility’s net-zero carbon emission goals. Malta’s storage solution converts excess electricity into thermal energy that is stored in salt and coolant. When needed, the plant regenerates gigawatt hours of electricity for residential and commercial use.
Malta’s utility-scale 100+ megawatt system provides more hours of energy storage than lithium-ion batteries and could provide energy storage diversity for OUC. The increased duration power plant has the potential to help OUC ensure grid reliability despite the variable nature of clean and renewable energy resources like solar. The Malta power plant would be situated at OUC’s Indian River Plant in Brevard County on Florida’s East Coast.
“Malta is committed to making climate-smart choices easier for our customers,” said Malta CEO Ramya Swaminathan. “This collaboration explores how Malta’s innovative technology can improve grid resiliency and accelerate OUC’s clean energy goals.”
“Long-duration energy storage is vital to OUC’s clean energy plans and our commitment to significantly reduce CO2 emissions. Malta’s innovative energy storage solution has the potential to help us reduce our CO2 emissions and provide a cleaner, greener energy future for our customers,” said Clint Bullock, OUC General Manager & CEO.
OUC’s Electric Integrated Resource Plan calls for ending the use of coal no later than 2027 and sets the utility on a course to reach net zero CO2 emissions by 2050, with interim carbon reductions of 50% by 2030 and 75% by 2040. Pairing Malta’s energy storage system with OUC’s growing investment in solar would help achieve the utility’s carbon-reduction goals while also leveraging experienced staff to operate large energy storage projects like Malta.
About OUC—The Reliable One
Established in 1923 by a special act of the Florida Legislature, OUC—The Reliable One is the second largest municipal utility in Florida. OUC provides electric and water services to about 400,000 accounts in Orlando, St. Cloud and parts of unincorporated Orange and Osceola counties. Visit www.ouc.com to learn more about our commitment to reliability, affordability and sustainability.
About Malta Inc.
Malta, Inc. has developed a 100 megawatt (MW) Zero-Carbon Power Plant, a like-for-like replacement for today’s fossil fuel-fired plants that delivers affordable, reliable, on-demand clean energy 24/7.
Malta’s innovative technology stores electricity as thermal energy from eight hours to eight days or longer, later returning it to the grid to meet hourly, daily, and weekly needs. The Malta system also provides clean heat for industrial and district heating applications. Visit: www.maltainc.com.
OUC Contact: Michelle Lynch, 407.434.2250
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Malta Contact: Steven C. Sullivan, 518.441.7272
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Appointment of Chairman of the Port of Houston Authority
Monday, January 9 at 10:30 AM
HOUSTON--(BUSINESS WIRE)--Harris County Commissioners Court and City Council of the City of Houston will meet on January 9 at 10:30 AM in joint session to appoint the Chairman of the Port Commission of the Port of Houston Authority of Harris County, Texas and Chairman of the Board of Pilot Commissioners for Harris County Ports.
The meeting will be hosted by Port Houston and held on the Fourth Floor Boardroom of the Port Houston Executive Office Building, located at 111 East Loop North, Houston, TX 77029.
Members of the public wishing to address members of Commissioners Court and City Council may only do so in person, and should sign up at https://appearancerequest.harriscountytx.gov/ or at the Fourth Floor Boardroom of the Port Houston Executive Office Building before 8:00 a.m. on Monday, January 9, 2023.
Members of the public may only address matters on the joint meeting agenda. More information and an agenda may be accessed at this link when available: https://harriscountytx.legistar.com/Calendar.aspx
About Port Houston
For more than 100 years, Port Houston has owned and operated the public wharves and terminals along the Houston Ship Channel – the nation’s largest port for waterborne tonnage and an essential economic engine for the Houston region, the state of Texas, and the U.S. nation. The more than 200 private and eight public terminals along the federal waterway supports the creation of nearly 1.35 million jobs in Texas and 3.2 million jobs nationwide, and economic activity totaling $339 billion in Texas – 20.6% of Texas’ total gross domestic product (GDP) – and a total of $801.9 billion in economic impact across the nation. For more information, visit the website at https://porthouston.com/
Lisa Ashley-Daniels, Director, Public Relations, Port Houston
Office: 713-670-2644; Mobile: 832-247-8179
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RIVERSIDE, Calif.--(BUSINESS WIRE)--ElDorado National (California) or ENC, a subsidiary of REV Group, Inc., and an industry leader in heavy-duty transit buses and emission-free technology, announces it has begun delivering E-Z Rider II buses, equipped with a hybrid-electric powertrain, to the Georgia Institute of Technology. A total of nine buses will be in operation on the Atlanta, Georgia campus as part of the university’s commitment to becoming carbon neutral by 2050.
Through its partner, Creative Bus Sales, ENC has started delivering the first of nine 35' E-Z Rider II buses equipped with BAE hybrid-electric systems. The Georgia Tech fleet will feature innovative GPS technology with geofencing. When inside the geofenced “green zone” areas at the heart of the campus, the buses will automatically switch from clean diesel to 100% battery electric power, eliminating emissions and noise on campus.
“ENC has been a leader in alternative fuel options for universities, airports and transit applications for over 40 years,” said Jason Moore, Vice President and General Manager of ENC. “We are excited to partner with Georgia Tech to help them reach their carbon neutral goal with our latest innovation in hybrid-electric transportation.”
Learn more about the ENC E-Z Rider II at www.eldorado-ca.com/mid-size-public-bus-transportation.
About ElDorado National (California), Inc.
ENC, a subsidiary of REV Group Inc., has manufactured low floor and standard floor buses for over 45 years to public transit/paratransit, airport, and university transportation markets. ENC is best known in the industry for its customizable options including thousands of floorplan configurations, as well as ensuring unparalleled manufacturing and safety standards. All ENC models pass a comprehensive battery of durability and crash tests. ENC manufactures the greenest buses in the industry including the Zero Emissions, hydrogen-powered Axess-Fuel Cell as well as the new 100% battery electric Axess. All buses are crafted in the state-of-the-art 227,000 square-foot, ISO 9001 certified production facility in Riverside, California.
About REV Group, Inc.
REV Group companies are leading designers and manufacturers of specialty vehicles and related aftermarket parts and services, which serve a diversified customer base, primarily in the United States, through three segments: Fire & Emergency, Commercial, and Recreation. They provide customized vehicle solutions for applications, including essential needs for public services (ambulances, fire apparatus, school buses, and transit buses), commercial infrastructure (terminal trucks and industrial sweepers), and consumer leisure (recreational vehicles). REV Group's diverse portfolio is made up of well-established principal vehicle brands, including many of the most recognizable names within their industry. Several of REV Group's brands pioneered their specialty vehicle product categories and date back more than 50 years. REV Group trades on the NYSE under the symbol REVG. Investors-REVG
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SHENZHEN, China--(BUSINESS WIRE)--Huawei has released a white paper on the Top 10 Site Power Trends at an event. According to Yao Quan, President of Huawei Site Power Facility Domain, 2022 was a challenging year for carriers due to the global energy crisis and the increase in oil and electricity prices. Against this backdrop, Huawei shares the top ten site power trends to help carriers reduce energy consumption and achieve carbon neutrality.
Trend 1: Energy Digitalization
With the global consensus on achieving carbon neutrality, the ICT sector has been striving to go green (Green ICT) and helping other sectors to do the same (ICT for Green). Huawei integrates digital technologies and power electronics technologies and lets bits manage watts, promoting the low-carbon transformation of the ICT and other sectors.
Trend 2: Low-Carbon Network
To achieve carbon neutrality, carriers seek to build a green and low-carbon network throughout the lifecycle, from network construction and power supply to operation.
Site structure is simplified by changing from equipment rooms and cabinets to poles. PV systems are installed on sites to reduce grid power consumption. Digitalization of sites helps perform intelligent O&M, reducing manual site visits. Sites with abnormal energy consumption and carbon emissions can be pinpointed in real-time, further reducing site O&M costs and carbon emissions.
Trend 3: Green Power Utilization
As new energy technologies develop and new business models emerge, site power supply becomes diversified, and clean energy sources such as solar, wind, and hydrogen are utilized more. With the decreasing costs for clean energy, carriers will increase the proportion of self-built green power plants besides PPA.
Trend 4: Site Simplification
Conventional sites are often deployed in equipment rooms or cabinets, in which air conditioners consume a large amount of energy, causing low efficiency and high electricity fees. To address this, the trend is to simplify site structure by changing from rooms to cabinets and poles, reducing energy consumption and carbon emissions.
Trend 5: High Efficiency
Efficiency optimization is no longer confined to components. The focus changes from rectifiers to the link of generation, conversion, storage, distribution, and consumption. By deploying sites in cabinets or on poles, the SEE (Site Energy Efficiency) can be raised to 97%, and site footprint is also reduced. Additionally, energy devices and wireless devices are coordinated to implement precise energy efficiency management and energy consumption optimization.
Trend 6: Smart Sites
Conventional sites usually adopt dumb components that do not support refined management. Energy consumption and carbon emission of sites cannot be viewed, and energy saving and carbon reduction cannot be performed. Besides, site maintenance relies heavily on manual site visits, leading to high O&M costs. Smart site management and automatic O&M can address these issues by providing real-time energy efficiency and carbon emission data and improving site operation efficiency.
Trend 7: Telecom Sites to Shared Sites
Telecom sites have the potential to become shared sites, supplying power to the public and transforming telecom carriers into integrated service providers. Site service modes will become more diversified, offering new services such as virtual power plant (VPP), electricity access with the network, and rent offset with electricity to increase site revenues and unlock the value of telecom sites.
Trend 8: Multi-Mode Architecture
As more types of power sources are used, site power must be able to support different input modes. Shared sites also need to meet power supply requirements of different loads, requiring multi-mode output. Thus, the multi-mode architecture will become mainstream.
Trend 9: Power Backup + Energy Storage
In traditional telecom sites, energy storage only provides backup power for communications equipment. Now carriers start to develop new business models such as peak staggering and VPP. Energy storage participates in power grid scheduling. Site batteries develop from backup power to an integrated energy storage system.
Trend 10: Security and Reliability
For sites, security and reliability lie in network security and hardware safety. As energy digitalization gains momentum, governments and industries are working to prevent attacks and security risks. A series of security and safety specifications are released.
Download the White Paper: https://digitalpower.huawei.com/attachments/index/0164454533db4b01a02d144ae0eb209d.pdf
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onsemi’s EliteSiC family of silicon carbide (SiC) technologies enhance performance of Ampt’s DC optimizers
PHOENIX & FORT COLLINS, Colo.--(BUSINESS WIRE)--onsemi (Nasdaq: ON), a leader in intelligent power and sensing technologies, and Ampt LLC, the world’s number one DC optimizer company for large-scale photovoltaic (PV) solar and energy storage systems, today announced their collaboration to meet the high demand for DC string optimizers. Ampt uses onsemi’s N-Channel SiC MOSFET, part of the EliteSiC family of silicon carbide (SiC) technologies, in its DC string optimizers for critical power switching applications.
Ampt string optimizers are used in large-scale PV power plants, enabling lower-cost and higher performing solar and DC-coupled energy storage systems that are collocated within the solar power plant. The string optimizers deliver power from the PV array at a high and fixed voltage for system voltages ranging from 600 to 1500 VDC, reducing the overall current requirements and cost of the power plant. Ampt optimizers enable higher round-trip – charging and discharging – efficiency in the energy storage system and solar power plant by leveraging onsemi’s latest SiC MOSEFT technology with lowest ON resistance and switching loses.
“Incorporating onsemi’s EliteSiC technology into our DC optimizers helps utility scale solar developers and owners improve their project economics,” said Levent Gun, CEO of Ampt. “Clearly, the product performance was a critical decision point for us, but onsemi’s technical support during the design phase and their ongoing supply assurance to support Ampt’s rapid scaling are the hallmarks of a strong partner.”
The EliteSiC device offers an RDS(on) of 80 mΩ nominally and a low gate charge (Qg) value of 56 nC along with lower Rg of 1.7Ohms. It is capable of operating at junction temperatures of 175°C, reducing the thermal management requirements in applications, resulting in smaller, lower cost solutions.
“The combination of performance and reliability of our EliteSiC technology enables efficient and dependable DC optimizers and is what an industry leader such as Ampt expects,” said Simon Keeton, executive vice president and general manager, Power Solutions Group, onsemi. “We look forward to a continued collaboration on new products that drive renewable energy applications forward on our journey to a sustainable ecosystem.”
About onsemi
onsemi (Nasdaq: ON) is driving disruptive innovations to help build a better future. With a focus on automotive and industrial end-markets, the company is accelerating change in megatrends such as vehicle electrification and safety, sustainable energy grids, industrial automation, and 5G and cloud infrastructure. onsemi offers a highly differentiated and innovative product portfolio, delivering intelligent power and sensing technologies that solve the world’s most complex challenges and leads the way to creating a safer, cleaner, and smarter world. onsemi is recognized as a Fortune 500® company and included in the S&P 500® index. Learn more about onsemi at www.onsemi.com.
onsemi and the onsemi logo are trademarks of Semiconductor Components Industries, LLC. All other brand and product names appearing in this document are registered trademarks or trademarks of their respective holders. Although the Company references its website in this news release, information on the website is not to be incorporated herein.
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.
onsemi
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BNSF latest industry leader to join the Heartland Hydrogen Hub design team
BISMARCK, N.D.--(BUSINESS WIRE)--Bakken Energy, an innovative developer of affordable clean hydrogen, announced today the signing of a Memorandum of Understanding with BNSF Railway to work together on the design of the Heartland Hydrogen Hub, specifically the role of railways as consumers and transporters of clean hydrogen.
BNSF Railway is one of North America’s leading freight transportation companies, with a rail network of 32,500 route miles in 28 states and three Canadian provinces. BNSF is one of the top transporters of the products and materials that help feed, clothe, supply and power communities throughout America and the world.
In collaboration with the States of North Dakota, Minnesota, Wisconsin and Montana, Bakken Energy is working on the design of the Heartland Hydrogen Hub, a regional clean hydrogen hub competing to obtain federal funding through the Department of Energy’s $7 billion Regional Clean Hydrogen Hubs program announced on September 22, 2022 as part of the larger $8 billion hydrogen hub program funded through the Bipartisan Infrastructure Law. The foundation of the industry-led Hub is Bakken Energy’s large scale affordable clean hydrogen production using natural gas that would otherwise be flared, including carbon capture and sequestration.
“It is a privilege to be partnered with BNSF” said Bakken Energy Founder and Chairman Steve Lebow. “Railways could play a critical role in distributing our clean hydrogen production, and could also be consumers as trains transition from diesel. BNSF is the ideal partner to work out the role of railways in our Heartland Hydrogen Hub.”
“For Bakken Energy, and our Heartland Hydrogen Hub, it is all about making clean hydrogen abundant and affordable” said Bakken Energy CEO Mike Hopkins. “Part of the equation is production, but the other part is distribution and that’s where BNSF will be invaluable. Being able to transport our hydrogen by rail would dramatically reduce our distribution costs and therefore the cost to consumers.”
“We see our work with Bakken Energy and the Heartland Hydrogen Hub as part of our commitment to a more sustainable energy and transportation system, including exploring the role railways can play in a hydrogen economy” said John Lovenburg, VP of Environment and Sustainability at BNSF.
About Bakken Energy
Bakken Energy is an innovative clean hydrogen company working to become the largest producer of affordable clean hydrogen in the U.S. Its mission is to decarbonize the hard to decarbonize sectors of the economy with affordable clean hydrogen and to develop the future hydrogen economy that leads toward a low-carbon future.
Mike Waterman
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(202) 530-4707
LOWELL, Ark.--(BUSINESS WIRE)--J.B. Hunt Transport Services, Inc. (NASDAQ: JBHT), one of the largest supply chain solutions providers in North America, announced today it has been inducted into the Anderson Assembly at The University of Texas MD Anderson Cancer Center, a society created to recognize philanthropic donors who have made a lifetime commitment to supporting the mission of MD Anderson.
“MD Anderson is an organization that is dear to J.B. Hunt as many of our employees utilize their expertise and resources,” said Brad Hicks, president of highway services and executive vice president of people at J.B. Hunt. “We are proud to extend our support to MD Anderson as its experts pioneer innovative cancer care and research to improve the health and quality of life for people across the world.”
J.B. Hunt created The J.B. Hunt Transport Services, Inc. Cancer Prevention and Control Endowment with a $1 million gift to MD Anderson to support the launch of The Joint Center on Geospatial Analysis and Health led by MD Anderson’s Cancer Prevention and Control Platform in partnership with UTHealth Houston School of Public Health. The overall goal of the endowment is to advance MD Anderson’s reach and impact, nationally, by accelerating the development and dissemination of evidence-based strategies, community services, policy interventions and knowledge to reduce the cancer incidence and mortality. With J.B. Hunt’s philanthropic support, MD Anderson will be able to use data to better aid medically-underserved communities, ultimately expanding support across the U.S.
“J.B. Hunt’s leadership directly enabled a novel vision to help communities access expert analyses at the intersection of place and health,” said Michael T. Walsh, Jr., executive director of the Cancer Prevention and Control Platform. “This work, built as a global public good, will ensure that communities can easily use the data necessary to prioritize evidence-based actions and to strengthen the systems underlying the achievement of good health.”
MD Anderson in Houston ranks as one of the world’s most respected centers focused on cancer patient care, research, education and prevention. The institution’s sole mission is to end cancer for patients and their families around the world. MD Anderson is No. 1 for cancer in U.S. News & World Report’s “Best Hospitals” rankings, and has been named one of the nation’s top two hospitals for cancer since the rankings started in 1990.
As part of its induction into the Anderson Assembly, J.B. Hunt will be featured in MD Anderson’s Faces of Philanthropy Exhibit - an onsite museum showcase for donor stories and how philanthropy has impacted the organization.
J.B. Hunt remains focused on enhancing the quality of life for its people and communities through healthcare organizations that serve their health needs, ensuring they feel supported.
About J.B. Hunt
J.B. Hunt Transport Services, Inc., a Fortune 500 and S&P 500 company, provides innovative supply chain solutions for a variety of customers throughout North America. Utilizing an integrated, multimodal approach, the company applies technology-driven methods to create the best solution for each customer, adding efficiency, flexibility, and value to their operations. J.B. Hunt services include intermodal, dedicated, refrigerated, truckload, less-than-truckload, flatbed, single source, last mile, and more. J.B. Hunt Transport Services, Inc. stock trades on NASDAQ under the ticker symbol JBHT and is a component of the Dow Jones Transportation Average. J.B. Hunt Transport, Inc. is a wholly owned subsidiary of JBHT. For more information, visit www.jbhunt.com.
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DUBLIN--(BUSINESS WIRE)--The "Autonomous Ships Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027 Segmented By Level of Autonomy (Semi-Autonomous, Fully Autonomous), By Ship Type, By Fuel Type, By End Use, and By Region" report has been added to ResearchAndMarkets.com's offering.
The global autonomous ships market is anticipated to register an impressive CAGR in the forecast period, 2023-2027. Factors such as the rise in the seaborne trades and the growing demand for autonomous ships that can minimize human interaction are primarily driving the demand for the global autonomous ships market. Also, the surge in demand for cargo transportation through marines and the need to ensure operational safety during transportation activities are expected to influence the market demand in the forecast period.
Huge Number of Cargo Transportation Activities Drives the Market Growth
There is a rise in the demand for cargo transportation activities using the waterways. Marine transportation is considered a safe and secure process as a large number of cargoes can be efficiently transported to other ports without any problems. It uses less time to transport the cargo from one place to another than road and airways and is considered less expensive to ship the goods. According to United Nations Conference on Trade and Development, approximately 80% of the volume of international goods is transported by sea and is widely used by developing countries.
The market players are working on the modernization of the commercial vessels and are actively integrating advanced technologies like navigation systems and advanced sensors, amongst others, in the ships, which is expected to create the path for autonomous ships. Autonomous ships reduce human effort and are considered beneficial to ensure high operational safety during transportation activities. The growing demand to ensure an efficient transportation process through waterways is expected to fuel the demand for the global autonomous ships market over the forecast period.
Growing focus on Operational Safety of Ships Fuels the Market Growth
Autonomous ships do not have any crew present to control the operations on the ship. The autonomous ships are equipped with advanced technologies, including artificial intelligence, cloud computing, the internet of things, and others, to control their operations. The other method to control the operations of autonomous ships is through the control station located on the land.
Autonomous ships are able to control all operations without any human interference, which ensures that the human error is less, and the accident rate is low. They are equipped with advanced sensors, developed radar and LIDAR modules, infrared cameras, and automatic identification systems to ensure the safe operation of ships.
Also, cargo-hauling accidents, tugboat accidents, shipyard accidents, and other accidents can be significantly reduced to a greater extent by using autonomous ships. The need to improve the operational safety of ships during traveling and the growing popularity of connected technology is expected to propel the growth of the global autonomous ships market over the next five years.
Report Scope:
In this report, global autonomous ships market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Autonomous Ships Market, By Level of Autonomy:
Autonomous Ships Market, By Ship Type:
Autonomous Ships Market, By Fuel Type:
Autonomous Ships Market, By End Use:
Autonomous Ships Market, By Region:
Key Topics Covered:
1. Product Overview
2. Research Methodology
3. Executive Summary
4. Impact of COVID-19 on Global Autonomous Ships Market
5. Global Autonomous Ships Market Outlook
6. North America Autonomous Ships Market Outlook
7. Asia Pacific Autonomous Ships Market Outlook
8. Europe & CIS Autonomous Ships Market Outlook
9. South America Autonomous Ships Market Outlook
10. Middle East and Africa Autonomous Ships Market Outlook
11. Market Dynamics
12. Market Trends and Developments
13. Competitive Landscape
14. Strategic Recommendations
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/293yu1
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ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
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Laura Wood, Senior Press Manager
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Combined company to roll out environmental credit technology platform targeting maritime and plastic clean-technologies blockchain-based credit programme in first quarter of 2023
LONDON--(BUSINESS WIRE)--Changeblock, a British technology company that develops technologies for creating and trading offsets, today announced the completion of its merger with Toronto-based ESG capital markets firm Carbon12. The merger will allow Changeblock to expand internationally and offer its innovative carbon credit solutions to a wider global audience.
Changeblock is an environmental exchange that shortens the timeframe for companies to create credits, making it easier to invest in ESG and improve success for clean-techs. Investors can gain access to groundbreaking green projects that are streamlined and verified, allowing for the creation and listing of unique credits on the Changeblock platform. The company goes beyond carbon and allows companies to create, trade, generate and gather data for environmental credits not only to mitigate carbon, but also for plastics, maritime-conservation, biological, nitrogen, sulfur, and other emissions and biodiversity assets. Changeblock leaders and advisors include co-founder John Palmisano (emissions trading expert, formerly of the United States Environmental Protection Agency), Robert Hahn (Oxford), and Gabriel Thoumi (Responsible Alpha).
"We let the data do the talking, and in doing so we create the highest-value environmental credits on the market," said Changeblock CEO Billy Richards. "We are confident that our platform will be embraced by clean-tech companies as we develop the economic narrative to fight climate change and support the transition to a more sustainable future. We are excited to see the impact that our combined offering will have, and we believe that it has the potential to drive significant change and to support the growth and development of sustainable practices, clean-technologies, and communities all over the world.”
Carbon12 founding partner Eugene Kogan, who now serves as Executive Chairman of Changeblock, said, “We are faced with the need to act rapidly to ensure that global warming and other environmental threats do not run away from us and create irreparable harm to the global ecosystem. This urgent need creates an incredible opportunity for the private sector to help achieve these climate goals. The Changeblock platform addresses everything that makes the current environmental markets ineffective, a claim validated by the rapidly growing number of buyers and sellers looking to utilise our platform. This is a massive opportunity on which we are well positioned to capitalise.”
About Changeblock
Changeblock creates global markets that make the creation and trade of environmental assets for individuals, businesses, and governments easy, affordable, transparent, secure, and environmentally responsible. The company is led by professionals with deep expertise in technology and environmental credits with proven track record of building and delivering solutions that work in the real world, including members of the team that created the first carbon credit, and come from top global organisations.
Cameron Thomas
416 660 9801 (Canada)
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DUBLIN--(BUSINESS WIRE)--The "Growth Opportunities in the Global Offshore Wind Market" report has been added to ResearchAndMarkets.com's offering.
Our society's approach to producing, consuming, and distributing energy is changing due to mounting concerns about global warming and rising CO2 levels in the atmosphere. Governments worldwide are formulating regulatory frameworks, increasing their investments in low-carbon technologies to slow climate change, and decarbonizing their economies. An accelerated transition toward renewable energy sources and low-carbon technologies is crucial to our long-term survival.
In the last decade, the offshore wind sector has experienced significant growth. Numerous nations have recognized the potential of offshore in regions with high, regular winds and initiated the development of large-scale wind farm projects. Currently, offshore wind technology is one of the most rapidly increasing renewable energy sources. This trend will continue, driven mainly by increased investments, technological advancements, and greater supply chain efficiency, which have drastically reduced CAPEX and OPEX across several regions and play a vital role in our transition to a carbon-neutral economy. In addition, increasing private and public spending on the construction and extension of utility-scale offshore wind projects and the continued exploration of viable sites for offshore wind projects will boost the industry's growth.
Significant developments continue to reshape the global offshore wind market and will play a crucial role in our transition toward a carbon-neutral economy. This study explores the global offshore wind market and its projected growth by 2030. It presents key drivers and restraints influencing the market and its development. It also highlights the key regions with the highest growth potential and offers a projected roadmap of growth in the offshore market globally and by regions till 2030.
Key Issues Addressed:
Key Topics Covered:
1. Strategic Imperatives
2. Growth Opportunity Analysis
3. Growth Opportunity Analysis
4. Growth Opportunity Analysis-Major Offshore Countries
5. Competitive Environment
6. Growth Opportunity Universe
For more information about this report visit https://www.researchandmarkets.com/r/veag8s
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ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
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NEW YORK--(BUSINESS WIRE)--Hess Corporation (NYSE: HES) announced today that it will hold a conference call on Wednesday, January 25, 2023 at 10 a.m. Eastern Time to discuss its fourth quarter 2022 earnings release.
To phone into the conference call, participants should register in advance using this link to receive a unique PIN and dial-in number. This conference call and subsequent replay will also be accessible by webcast (audio only).
Hess Corporation is a leading global independent energy company engaged in the exploration and production of crude oil and natural gas. More information on Hess Corporation is available at https://www.hess.com/.
Forward-looking Statements
Certain statements in this release may constitute "forward-looking statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended, and Section 27A of the United States Securities Act of 1933, as amended. Forward-looking statements are subject to known and unknown risks and uncertainties and other factors which may cause actual results to differ materially from those expressed or implied by such statements, including, without limitation, uncertainties inherent in the measurement and interpretation of geological, geophysical and other technical data. Estimates and projections contained in this release are based on the Company’s current understanding and assessment based on reasonable assumptions. Actual results may differ materially from these estimates and projections due to certain risk factors discussed in the Corporation’s periodic filings with the Securities and Exchange Commission and other factors.
Investor contact:
Jay Wilson
(212) 536-8940
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Christina Alvord and Michael Bless appointed to newly created directorships
BELMONT, N.C.--(BUSINESS WIRE)--$PLL #EV--Piedmont Lithium (“Piedmont” or “the Company”) (Nasdaq:PLL; ASX:PLL), a leading global developer of lithium resources critical to the U.S. electric vehicle (“EV”) supply chain, today announced that the Company’s Board of Directors (“Board”) has voted to increase the size of the Board from five to seven directors, adding two new directors, effective January 3, 2023. Christina Alvord and Michael Bless have been appointed to these positions, providing additional executive, operational, and strategic guidance to the Company as it advances in its mission to supply the U.S. with lithium hydroxide from a global portfolio of projects.
“We are honored to welcome Christy and Mike to the newly-created directorships,” said Jeff Armstrong, Chairman of the Board for Piedmont. “Their extensive knowledge and backgrounds will be key as we and our partners look toward our targeted timeline of bringing lithium production online in 2023, 2024, 2025, and 2026.”
President and CEO of Piedmont Keith Phillips echoed Armstrong’s remarks, “Christy and Mike both have strong strategic leadership experience and have successfully led substantial, integrated mining businesses. We are pleased to have these respected industry leaders join our Board and lend us their invaluable expertise as we work to become a large, low-cost, sustainable producer of lithium hydroxide and a prime contributor to U.S. energy national security.”
Ms. Alvord most recently served as the President of the Central Division of Vulcan Materials Company, the nation’s largest producer of construction aggregates. She previously served as Vulcan’s President of the Southern & Gulf Coast Division and Vice President of Corporate Planning and Performance Improvement. Before joining Vulcan, Ms. Alvord held various executive management positions at GE Aviation, including serving as President of GE Aviation-Unison Industries and GE Aviation-Middle River Aircraft Systems. In addition to serving as a board member for Piedmont, Ms. Alvord also serves on the boards of Apogee Enterprises and Albany International. She began her career as a strategy consultant at McKinsey & Co. after graduating from Harvard Business School.
For nearly a decade, Mr. Bless served as President and CEO of Century Aluminum Company (“Century”), a U.S.-based, publicly-held, global producer of primary aluminum, and was a member of the company’s Board of Directors. Prior to becoming CEO, Mr. Bless served as Executive Vice President and Chief Financial Officer of Century for five years. Previous to Century, he held a range of executive positions with several companies including Maxtor Corporation and Rockwell Automation, Inc. In addition to serving as a board member for Piedmont, Mr. Bless also is a board member of CNA Financial Corporation and Enact Holdings. Mr. Bless is a graduate of Princeton University.
Ms. Alvord and Mr. Bless will participate in the Company’s standard compensation program for non-employee directors as determined by the Board from time to time and disclosed in the Company’s Form 8-K filed on January 4, 2023.
About Piedmont Lithium
Piedmont Lithium (Nasdaq:PLL; ASX:PLL) is developing a world-class, multi-asset, integrated lithium business focused on enabling the transition to a net zero world and the creation of a clean energy economy in North America. Our goal is to become one of the largest lithium hydroxide producers in North America by processing spodumene concentrate produced from assets where we hold an economic interest. Our projects include our Carolina Lithium and Tennessee Lithium projects in the United States and partnerships in Quebec with Sayona Mining (ASX:SYA) and in Ghana with Atlantic Lithium (AIM:ALL; ASX:A11). These geographically diversified operations will enable us to play a pivotal role in supporting America’s move toward energy independence and the electrification of transportation and energy storage. For more information, follow us on Twitter @PiedmontLithium and visit www.piedmontlithium.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of or as described in securities legislation in the United States and Australia, including statements regarding exploration, development, and construction activities of Sayona Mining, Atlantic Lithium and Piedmont; current plans for Piedmont’s mineral and chemical processing projects; strategy; and strategy. Such forward-looking statements involve substantial and known and unknown risks, uncertainties, and other risk factors, many of which are beyond our control, and which may cause actual timing of events, results, performance or achievements and other factors to be materially different from the future timing of events, results, performance, or achievements expressed or implied by the forward-looking statements. Such risk factors include, among others: (i) that Piedmont, Sayona Mining or Atlantic Lithium will be unable to commercially extract mineral deposits, (ii) that Piedmont’s, Sayona Mining’s or Atlantic Lithium’s properties may not contain expected reserves, (iii) risks and hazards inherent in the mining business (including risks inherent in exploring, developing, constructing and operating mining projects, environmental hazards, industrial accidents, weather or geologically related conditions), (iv) uncertainty about Piedmont’s ability to obtain required capital to execute its business plan, (v) Piedmont’s ability to hire and retain required personnel, (vi) changes in the market prices of lithium and lithium products, (vii) changes in technology or the development of substitute products, (viii) the uncertainties inherent in exploratory, developmental and production activities, including risks relating to permitting, zoning and regulatory delays related to our projects as well as the projects of our partners in Quebec and Ghana, (ix) uncertainties inherent in the estimation of lithium resources, (x) risks related to competition, (xi) risks related to the information, data and projections related to Sayona Mining and Atlantic Lithium, (xii) occurrences and outcomes of claims, litigation and regulatory actions, investigations and proceedings, (xiii) risks regarding our ability to achieve profitability, enter into and deliver product under supply agreements on favorable terms, our ability to obtain sufficient financing to develop and construct our projects, our ability to comply with governmental regulations and our ability to obtain necessary permits, and (xiv) other uncertainties and risk factors set out in filings made from time to time with the U.S. Securities and Exchange Commission (“SEC”) and the Australian Securities Exchange, including Piedmont’s most recent filings with the SEC. The forward-looking statements, projections and estimates are given only as of the date of this press release and actual events, results, performance, and achievements could vary significantly from the forward-looking statements, projections and estimates presented in this press release. Readers are cautioned not to put undue reliance on forward-looking statements. Piedmont disclaims any intent or obligation to update publicly such forward-looking statements, projections, and estimates, whether as a result of new information, future events or otherwise. Additionally, Piedmont, except as required by applicable law, undertakes no obligation to comment on analyses, expectations or statements made by third parties in respect of Piedmont, its financial or operating results or its securities.
For further information:
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VP, Corporate Communications
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