DUBLIN--(BUSINESS WIRE)--The "Latin America Protective Relay Market in Electric Utilities - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)" report has been added to ResearchAndMarkets.com's offering.

The Latin America Protective Relay Market in Electric Utilities is expected to reach a CAGR of 4% over the forecast period 2021- 2026.

Key Market Trends

Increasing Capacity of Power Generation in Brazil Accounts For Significant Growth

• According to CCEE (Power Commercialization Chamber) Brazil, the electricity consumption in Brazil is expected to increase from 485.28 terawatt-hours in 2019 to 564.17 terawatt-hours in 2023. This consumption holds the demand for electricity generation capacity in powerplant, such as thermoelectric, wind, thermonuclear, etc. Owing to such demand, the usage of protective relay significantly increases in this country.
• The protective relay is designed to trigger a circuit breaker when a fault is detected, and the zones of protection are for generator and unit transformer, station transformer, and to many other components, The portion of a power system is de-energized through the opening of a fault interrupting device that has been operated by a protective relay output.
• The Brazilian electric system, with its large geographical area, is supplied mainly by hydropower plants, which are located on the rivers far from the load centers. The main generation source is Itaipu, which is a bi-national (Brazil & Paraguay) power plant has installed capacity of the 12,600 MW, which provides the need for protective relay for the fault detection.
• Brazilian electric system having more than 1150 transmission lines (greater than 69kV) at 138, 230, 345, 440, 500, and 750kV, linking over 600 substations primarily consider long transmission lines (30km). The highest voltage in use links the Itaipu power plant to the Sao Paulo area by two 565 miles (910 km) with 750-kV AC lines and two 600 miles (980 km) with 600-kV DC lines. To prevent the faulty fluctuations in the AC/DC lines, the demand for protective relay significantly increases in this location.

Thermal Powerplant Accounts for Significant Growth in Argentina

• Argentina generates its electricity using thermal power plants, which is based on fossil fuels (60%), hydroelectric powerplants (36%), and nuclear plants (3%), while wind and solar power accounted for less than 1%. There are around 9.5 GW of thermal power plants in the pipeline and planning stages in the country. These projects are worth around USD 9.92 billion and are expected to come into operation by 2025. With its pipeline projects, the demand for protective relay significantly rises in the future period.
• Players such as Central Termica Ezeiza has aimed to increase its thermal plant capacity to 150 MW. The Commercial Operation Date (COD) is estimated to take place during 2020, which is being operated by Grupo Albanesi, and the commercial equipment authorization is being provided to Siemens.
• Further, Cutler-Hammer de Argentina (CHA), the formation by Eaton's Corporation and Electro Integral Sudamericana (EISSA) manufactures and distributes electrical equipment in Argentina. CHA includes all of the commercial assets of EISSA, which is being established to manufacture and distribute low- and medium-voltage switchgear, where the relay is most commonly used on medium voltage switchgear applications.
• Furthermore, following the approval of the Technical Department, Fanox Relays have been recently accepted by Edenor with most of the customers in Argentina. These relays (Self Powered O/C & E/F Protection Relay) have been installed in medium voltage switchgears providing automatic circuit breakers, and they substantially improve the electricity supply to customers by quickly detecting and isolating network faults in the powerplant. This added to the already installed relays in the region of Santa Fe, thus achieving the constant spread of FANOX relays.

Key Topics Covered:

1 INTRODUCTION

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET INSIGHT

4.1 Market Overview

4.2 Industry Attractiveness - Porter's Five Forces Analysis

4.3 Major Applications

4.3.1 Generator

4.3.2 Substation

4.3.3 Distribution

4.3.4 Transmission

4.3.5 Motor

4.4 Impact of COVID-19 on the Industry

5 MARKET DYNAMICS

5.1 Introduction to Market Dynamics

5.2 Market Drivers

5.2.1 Increasing Adoption in Renewable Capacity Additions

5.2.2 Adoption of IEC 61850 Standard for Substation Automation

5.3 Market Challenges

5.3.1 Higher Installation Costs

6 MARKET SEGMENTATION

6.1 By Country

6.1.1 Brazil

6.1.2 Argentina

6.1.3 Chile

6.1.4 Colombia

6.1.5 Costa Rica

6.1.6 Dominican Republic

6.1.7 Mexico

6.1.8 Panama

6.1.9 Peru

7 COMPETITIVE LANDSCAPE

7.1 Company Profiles

7.1.1 Schweitzer Engineering Laboratories, Inc.

7.1.2 General Electric Company

7.1.3 Eaton Corporation PLC

7.1.4 ABB Ltd

7.1.5 Schneider Electric SE

7.1.6 Beckwith Electric Co., Inc.

7.1.7 ERLPhase Power Technologies Ltd.

7.1.8 Carlo Gavazzi Automation Spa

7.1.9 Bender Inc.

8 INVESTMENT ANALYSIS

9 FUTURE OUTLOOK OF THE MARKET

For more information about this report visit https://www.researchandmarkets.com/r/bvpnpe`w=4

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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BOSTON--(BUSINESS WIRE)--Advent Technologies Holdings, Inc. (NASDAQ: ADN) (“Advent” or the “Company”), an innovation-driven leader in the fuel cell and hydrogen technology sectors, is pleased to announce that, on Thursday, May 5, 2022, its Chairman and CEO, Dr. Vasilis Gregoriou, participated in the European Electrolyser Summit in Brussels. This event was organized by the European Commission in cooperation with Hydrogen Europe and took place under the auspices of the European Clean Hydrogen Alliance.

Commissioner for the Internal Market Thierry Breton, CEO of Hydrogen Europe Jorgo Chatzimarkakis, and 20 CEOs and executives representing companies including Advent, Bosch, Convion, Cummins, De Nora, Elogen, Enapter, Genvia, Green Hydrogen Systems, Helbio, H2B2, HyStar, John Cockerill, McPhy, Nel Hydrogen, Siemens Energy, SOLIDpower, Sunfire, Thyssenkrupp nucera and Topsoe, met and signed a Joint Declaration, establishing a clear goal of paving the way towards achieving the objectives of the REPowerEU’s proposed Hydrogen Accelerator, which sets out a strategy to double the previous EU renewable hydrogen target to 10 million tons of annual domestic production and an additional 10 million tons of annual hydrogen imports.

Under the Joint Declaration, Europe’s leading electrolyser manufacturers agreed to increase their manufacturing capacity in an effort to have, by 2025, a combined annual electrolyser manufacturing capacity in Europe of 17.5 GW, as well as to further increase that capacity by 2030 in line with projected demand for renewable and low-carbon hydrogen.

Furthermore, the Joint Declaration features the three following pillars:

1. Regulatory framework: Ensuring a supportive regulatory framework through adequate permitting rules and a commitment to stand up for the ambitious targets included in the revision of the Renewable Energy Directive and the Alternative Fuels Infrastructure Regulation Proposal.
2. Access to finance: Facilitating adequate access to finance by revamping the Innovation Fund to be inclusive of innovative zero and low-carbon equipment manufacturing such as electrolysers. In addition, accessing state aid to de-risk investments and putting in place Carbon Contracts for Difference to further incentivize the large-scale deployment of clean hydrogen technologies.
3. Supply chain integration: Integrating supply chains by expanding Research and Development and ensuring the availability of required components and materials at the required scale.

Dr. Vasilis Gregoriou, Advent’s Chairman and Chief Executive Officer, stated: “Today marked an important milestone for ensuring Europe’s long-term energy self-sufficiency and significantly reducing its reliance on fossil fuels. To achieve the goals outlined in the Joint Declaration that we signed today, the European electrolyser manufacturing sector needs to enhance collaboration to ramp up electrolyser production to approximately 25 GW per year with an installed electrolyser capacity of 90-100 GW. We all recognize this as a challenge but also as a significant industrial opportunity that can positively contribute to Europe’s transition to clean energy at a far faster rate than ever before. Advent is highly honored to be part of this joint commitment, and we are delighted to see the Commission supporting the industry’s goal to boost electrolyser manufacturing. All of us at Advent Technologies look forward to sharing our long-standing expertise and playing a key role in the scale-up of electrolyser manufacturing capacity, aiming to secure energy self-sufficiency and help Europe meet the growing demand for renewable hydrogen.”

About Advent Technologies Holdings, Inc.

Advent Technologies Holdings, Inc. is a U.S. corporation that develops, manufactures, and assembles fuel cell systems and the critical components for fuel cells and other advanced energy systems. Advent is headquartered in Boston, Massachusetts, with locations in California, Denmark, Germany, Greece, and the Philippines. With 150-plus patents issued, pending, or licensed for its fuel cell technology, Advent holds the IP for next-generation HT-PEM that enable various fuels to function at high temperatures under extreme conditions – offering a flexible “Any Fuel. Anywhere.” option for the automotive, maritime, aviation, and power generation sectors. For more information, visit www.advent.energy.

Cautionary Note Regarding Forward-Looking Statements

This press release includes forward-looking statements. These forward-looking statements generally can be identified by the use of words such as “anticipate,” “expect,” “plan,” “could,” “may,” “will,” “believe,” “estimate,” “forecast,” “goal,” “project,” and other words of similar meaning. Each forward-looking statement contained in this press release is subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statement. Applicable risks and uncertainties include, among others, future financial performance; public securities’ potential liquidity and trading; impact from the outcome of any known and unknown litigation; ability to forecast and maintain an adequate rate of revenue growth and appropriately plan its expenses; expectations regarding future expenditures; future mix of revenue and effect on gross margins; attraction and retention of qualified directors, officers, employees and key personnel; ability to compete effectively in a competitive industry; ability to protect and enhance corporate reputations and brand; expectations concerning relationships and actions with technology partners and other third parties; impact from future regulatory, judicial and legislative changes to the industry; future arrangements with, or investments in, other entities or associations; and intense competition and competitive pressure from other companies worldwide; and the risks identified under the heading “Risk Factors” in Advent’s Annual Report on Form 10-K filed with the Securities and Exchange Commission, as well as the other information each has files with the SEC. We caution investors not to place considerable reliance on the forward-looking statements contained in this press release. You are encouraged to read the filings with the SEC, available at www.sec.gov, for a discussion of these and other risks and uncertainties. The forward-looking statements in this press release speak only as of the date of this document, with no obligation to update or revise any of these statements. Investors, potential investors, and others should give careful consideration to these risks and uncertainties.

Advent Technologies Holdings, Inc.
Michael Trontzos / Chris Kaskavelis
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First-of-their-kind incentives will help Oregon families build energy-efficient, fire resilient homes

PORTLAND, Ore.--(BUSINESS WIRE)--Today Energy Trust of Oregon announced new, additional support for families and businesses owners whose homes and buildings have been damaged or destroyed by wildfires. The new cash incentive offers are part of a joint effort led by Energy Trust – a nonprofit bringing the benefits of energy efficiency and renewable energy to more people – in cooperation with Oregon’s Department of Energy (ODOE) and Oregon’s Building Code Division (BCD) to help Oregon families create long-lasting, affordable homes.

Energy Trust offers cash incentives to make energy-efficient upgrades in homes and buildings more affordable and accessible. Moving forward, wildfire victims can now receive more than double the incentives previously offered as they rebuild.

“Sadly, we’re seeing wildfire seasons lasting longer and becoming more severe,” said Michael Colgrove, executive director of Energy Trust. “This new support will help Oregonians who have faced tragedy rebuild family homes that use less energy and are more resilient in the face of future disasters.”

With this offer, the more efficient the home, the higher cash incentives available. Incentives are offered for energy-efficient features such as advanced framing and lighting, high-performance windows, efficient appliances and heating and cooling. Along with saving energy, these features make homes more comfortable and healthier, with better air quality.

In addition, Energy Trust is also offering new cash incentives for design elements that both increase efficiency and strengthen a home against wildfires. These incentives were created following new research to determine which design features were most effective. Those include:

• Triple pane windows that add another layer between the interior of a home and the fire.
• Exterior rigid insulation that is highly flame resistant and offers considerable energy savings.
• Unvented attics that save energy and lower fire risk because they can help keep embers from entering a home.

“Over the last year and a half, we’ve seen communities in Southern Oregon working together to overcome complete devastation,” said Scott Leonard, program manager at Energy Trust. “In that same cooperative spirit, we hope the work from Energy Trust and our partners will make the rebuilding process easier and create new, affordable homes for more families.”

Energy Trust supported ODOE and BCD in the development of their incentives and when combined with Energy Trust’s, homeowners could see savings of more than $16,000 – a major help, especially as supply chain issues and other economic factors continue to increase costs of rebuilding.

Energy Trust, ODOE and BCD incentives include offers for single-family homes, manufactured homes, and commercial buildings. All three organizations offer enhanced support for residents with low incomes. Customers seeking Energy Trust incentives can apply with their builder or on their own if serving as the general contractor.

For more information on all three incentive offers visit:

• Energy Trust of Oregon, Rebuilding from Wildfires
• Oregon Department of Energy, Energy Efficient Wildfire Rebuilding Incentive
• Oregon Building Codes Division Fire Hardening Grant Program

Energy Trust of Oregon is an independent nonprofit organization dedicated to helping utility customers benefit from saving energy and generating renewable power. Our services, cash incentives and energy solutions have helped participating customers of Portland General Electric, Pacific Power, NW Natural, Cascade Natural Gas and Avista save $4.6 billion on energy bills. Our work helps keep energy costs as low as possible, creates jobs and builds a sustainable energy future. Learn more at www.energytrust.org or call 1-866-368-7878.

Chris Wilson
317.919.2601
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SAN FRANCISCO--(BUSINESS WIRE)--Generate Capital, PBC, a leading sustainable infrastructure investment platform and operating company, today announced that it has named Brian Lehman as Chief Financial Officer. He succeeds Jack Stark who is retiring from the CFO role and will be staying on with the company as Executive Vice President to support the transition and other strategic initiatives.

Lehman brings decades of capital markets, corporate and investment banking experience to Generate and a track record of being at the leading edge of sustainable finance. Prior to Generate, he spent over two decades at global investment banks, having acted as advisor, underwriter, principal and agent in approximately $100 billion in debt, equity and structured transactions for private and public corporations. Most recently, Brian established and led the Green Economy banking franchise at JPMorgan Chase Commercial Banking, where he focused on renewable energy, energy efficiency, sustainable food and agriculture and other sustainable finance sectors.

“Brian is a fantastic addition to our leadership team at Generate,” said Scott Jacobs, chief executive and co-founder of Generate. “Brian’s breadth of financial expertise, passion for our mission and unwavering commitment to our shared values make him an ideal business partner at an exciting time for our company.”

“I also want to thank Jack for his contributions to Generate, his wisdom, his insights and his friendship,” Jacobs added. “Jack has been incredibly important as a partner to me and as a leader for Generate these past few years. We are fortunate that Jack will continue to be a leader here at Generate for several years.”

Lehman will oversee all financial, accounting and capital markets functions at Generate. Prior to his green economy role, Lehman formed and ran JPMorgan’s Diversified Financials group and was Co-Head of Morgan Stanley’s Equity-Linked Capital Markets group. Earlier in his career he also held positions at both Bank of America Merrill Lynch and UBS. Brian earned a BS and BA from Villanova University, an MPhil from Queens’ College, Cambridge University, and his MBA at the University of Pennsylvania’s Wharton School. He is a CFA charterholder and serves as a Trustee for the New Jersey Chapter of The Nature Conservancy.

“It’s a privilege to join the talented, mission-driven team at Generate that is building the future, combating climate change, and continuing to prove that sustainability pays for all its stakeholders,” Lehman said. “The company’s leadership in sustainable infrastructure, permanent-capital platform, and commitment to its values are just a few of the reasons why I’m so excited to take on this role. I’m grateful to Jack who has built a world-class financial organization at Generate and looking forward to being a part of Generate’s next chapter of growth.”

Since August 2019, Jack Stark has served as chief financial officer and a member of the management committee, capping a three-decade career in senior management roles of both publicly-traded and privately-held companies in the energy and financial services markets. Previously, he was CFO at Imergy Power Systems, BrightSource Energy and Silicon Valley Bank. Jack also serves as the lead director for TC Pipelines, LP, a publicly-traded master limited partnership.

“The last three years have been as rewarding as any in my career, and it is a testament to the talent and dedication of the team at Generate,” said Stark. “I’m thrilled Generate has found an executive like Brian who will continue to deliver for all of Generate’s stakeholders – our team, customers, partners, investors and communities.”

About Generate

Generate Capital, PBC is a leading sustainable infrastructure investment platform and operating company that invests in, finances, builds, owns and operates solutions for clean energy, transportation, waste, water, agriculture, smart cities and digital infrastructure. Generate partners with over 50 technology companies and project developers and owns and operates more than 2,000 assets globally that deliver affordable, reliable and sustainable resources to thousands of customers, companies, communities, school districts and universities. Together, we are rebuilding the world. For more information, please visit www.generatecapital.com.

Emily Chasan
(415) 480-2914
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WALTHAM, Mass.--(BUSINESS WIRE)--Global Partners LP (NYSE: GLP) (“Global” or the “Partnership”) today reported financial results for the first quarter ended March 31, 2022.

“Volume and margin gains in each segment of our business highlighted a strong first-quarter performance for Global, as we continued to navigate a dynamic and volatile operating environment,” said Eric Slifka, the Partnership’s President and Chief Executive Officer. “Our results underscore the benefits of our vertically integrated liquid energy distribution system, which is designed to achieve synergies and enhance margins across each step of the value chain.

“Our strategy to drive growth through M&A and organic investments continues to generate positive results for Global,” Slifka said. “Product margin in our Gasoline Distribution and Station Operations segment increased 33% to $173 million in the first quarter. The segment benefitted from our recently completed acquisition of a combined 105 sites from Consumers Petroleum of Connecticut and Miller’s Neighborhood Market.”

Financial Highlights
Net income was $30.5 million, or $0.76 per diluted common limited partner unit, for the first quarter of 2022 compared with a net loss of $4.3 million, or $0.20 per common limited partner unit, in the same period of 2021.

Earnings before interest, taxes, depreciation and amortization (EBITDA) was $79.8 million in the first quarter of 2022 compared with $40.9 million in the same period of 2021.

Adjusted EBITDA was $74.9 million in the first quarter of 2022 versus $40.4 million in the same period of 2021.

Distributable cash flow (DCF) was $49.9 million in the first quarter of 2022 compared with $14.0 million in the same period of 2021.

EBITDA, Adjusted EBITDA and DCF include a net gain on sale and disposition of assets of $4.9 million and $0.5 million for the three months ended March 31, 2022 and 2021, respectively.

Gross profit in the first quarter of 2022 was $206.2 million compared with $145.0 million in the same period of 2021, driven primarily by the Gasoline Distribution and Station Operations (GDSO) segment.

Combined product margin, which is gross profit adjusted for depreciation allocated to cost of sales, was $228.2 million in the first quarter of 2022 compared with $165.1 million in the same period of 2021.

Combined product margin, EBITDA, Adjusted EBITDA, and DCF are non-GAAP (Generally Accepted Accounting Principles) financial measures, which are explained in greater detail below under “Use of Non-GAAP Financial Measures.” Please refer to Financial Reconciliations included in this news release for reconciliations of these non-GAAP financial measures to their most directly comparable GAAP financial measures for the three months ended March 31, 2022 and 2021.

GDSO segment product margin was $173.0 million in the first quarter of 2022 compared with $130.4 million in the same period of 2021. The increase was driven primarily by stronger retail fuel and convenience store margins and contributions from recent acquisitions.

Wholesale segment product margin was $47.1 million in the first quarter of 2022 compared with $30.5 million in the same period of 2021, driven by more favorable market conditions in other oils and related products, partially offset by less favorable market conditions in gasoline and gasoline blendstocks.

Commercial segment product margin was $8.1 million in the first quarter of 2022 compared with $4.2 million in the same period of 2021, reflecting an increase in bunkering activity.

Sales were $4.5 billion in the first quarter of 2022 compared with $2.6 billion in the same period of 2021. Wholesale segment sales were $2.8 billion in the first quarter of 2022 compared with $1.6 billion in the first quarter of 2021. GDSO segment sales were $1.4 billion in the first quarter of 2022 versus $0.9 billion in the same period of 2021. Commercial segment sales were $330.0 million in the first quarter of 2022 compared with $145.7 million in the same period of 2021.

Volume in the first quarter of 2022 was 1.5 billion gallons compared with 1.3 billion gallons in the same period of 2021. Wholesale segment volume was 976.8 million gallons in the first quarter of 2022 compared with 885.4 million gallons in the same period of 2021. GDSO volume was 376.5 million gallons in the first quarter of 2022 compared with 334.1 million gallons in the same period of 2021. Commercial segment volume was 116.8 million gallons in the first quarter of 2022 compared with 81.4 million gallons in the same period of 2021.

Recent Developments

• Global announced a quarterly cash distribution of $0.5950 per unit, or $2.38 per unit on an annualized basis, on all of its outstanding common units for the period from January 1 to March 31, 2022. The distribution will be paid May 13, 2022 to unitholders of record as of the close of business on May 9, 2022.

Business Outlook
“We are off to a strong start in 2022,” Slifka concluded. “We continue to identify new opportunities to further drive value through our integrated network and strategically located assets to enhance efficiencies, increase returns to unitholders and deliver an outstanding experience for our customers and guests.”

Financial Results Conference Call
Management will review the Partnership’s first-quarter 2022 financial results in a teleconference call for analysts and investors today.

Due to the expected high demand on our conference call provider, please plan to dial in to the call at least 10 minutes prior to the start time. The call also will be webcast live and archived on Global Partners’ website, https://ir.globalp.com.

Use of Non-GAAP Financial Measures

Product Margin
Global Partners views product margin as an important performance measure of the core profitability of its operations. The Partnership reviews product margin monthly for consistency and trend analysis. Global Partners defines product margin as product sales minus product costs. Product sales primarily include sales of unbranded and branded gasoline, distillates, residual oil, renewable fuels and crude oil, as well as convenience store and prepared food sales, gasoline station rental income and revenue generated from logistics activities when the Partnership engages in the storage, transloading and shipment of products owned by others. Product costs include the cost of acquiring products and all associated costs including shipping and handling costs to bring such products to the point of sale as well as product costs related to convenience store items and costs associated with logistics activities. The Partnership also looks at product margin on a per unit basis (product margin divided by volume). Product margin is a non-GAAP financial measure used by management and external users of the Partnership’s consolidated financial statements to assess its business. Product margin should not be considered an alternative to net income, operating income, cash flow from operations, or any other measure of financial performance presented in accordance with GAAP. In addition, product margin may not be comparable to product margin or a similarly titled measure of other companies.

EBITDA and Adjusted EBITDA
EBITDA and Adjusted EBITDA are non-GAAP financial measures used as supplemental financial measures by management and may be used by external users of Global Partners’ consolidated financial statements, such as investors, commercial banks and research analysts, to assess the Partnership’s:

• compliance with certain financial covenants included in its debt agreements;
• financial performance without regard to financing methods, capital structure, income taxes or historical cost basis;
• ability to generate cash sufficient to pay interest on its indebtedness and to make distributions to its partners;
• operating performance and return on invested capital as compared to those of other companies in the wholesale, marketing, storing and distribution of refined petroleum products, gasoline blendstocks, renewable fuels, crude oil and propane, and in the gasoline stations and convenience stores business, without regard to financing methods and capital structure; and
• viability of acquisitions and capital expenditure projects and the overall rates of return of alternative investment opportunities.

Adjusted EBITDA is EBITDA further adjusted for gains or losses on the sale and disposition of assets and goodwill and long-lived asset impairment charges. EBITDA and Adjusted EBITDA should not be considered as alternatives to net income, operating income, cash flow from operating activities or any other measure of financial performance or liquidity presented in accordance with GAAP. EBITDA and Adjusted EBITDA exclude some, but not all, items that affect net income, and these measures may vary among other companies. Therefore, EBITDA and Adjusted EBITDA may not be comparable to similarly titled measures of other companies.

Distributable Cash Flow
Distributable cash flow is an important non-GAAP financial measure for the Partnership’s limited partners since it serves as an indicator of success in providing a cash return on their investment. Distributable cash flow as defined by the Partnership’s partnership agreement is net income plus depreciation and amortization minus maintenance capital expenditures, as well as adjustments to eliminate items approved by the audit committee of the board of directors of the Partnership’s general partner that are extraordinary or non-recurring in nature and that would otherwise increase distributable cash flow.

Distributable cash flow as used in our partnership agreement also determines our ability to make cash distributions on our incentive distribution rights. The investment community also uses a distributable cash flow metric similar to the metric used in our partnership agreement with respect to publicly traded partnerships to indicate whether or not such partnerships have generated sufficient earnings on a current or historic level that can sustain distributions on preferred or common units or support an increase in quarterly cash distributions on common units. Our partnership agreement does not permit adjustments for certain non-cash items, such as net losses on the sale and disposition of assets and goodwill and long-lived asset impairment charges.

Distributable cash flow should not be considered as an alternative to net income, operating income, cash flow from operations, or any other measure of financial performance presented in accordance with GAAP. In addition, distributable cash flow may not be comparable to distributable cash flow or similarly titled measures of other companies.

About Global Partners LP
With approximately 1,700 locations primarily in the Northeast, Global Partners is one of the region’s largest independent owners, suppliers and operators of gasoline stations and convenience stores. Global also owns, controls or has access to one of the largest terminal networks in New England and New York, through which it distributes gasoline, distillates, residual oil and renewable fuels to wholesalers, retailers and commercial customers. In addition, Global engages in the transportation of petroleum products and renewable fuels by rail from the mid-continental U.S. and Canada. Global, a master limited partnership, trades on the New York Stock Exchange under the ticker symbol “GLP.” For additional information, visit www.globalp.com.

Forward-looking Statements
Certain statements and information in this press release may constitute “forward-looking statements.” The words “believe,” “expect,” “anticipate,” “plan,” “intend,” “foresee,” “should,” “would,” “could” or other similar expressions are intended to identify forward-looking statements, which are generally not historical in nature, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on Global’s current expectations and beliefs concerning future developments and their potential effect on the Partnership. While management believes that these forward-looking statements are reasonable as and when made, there can be no assurance that future developments affecting the Partnership will be those that it anticipates. Forward-looking statements involve significant risks and uncertainties (some of which are beyond the Partnership’s control) including, without limitation, the impact and duration of the COVID-19 pandemic and its impact on our counterparties, our customers and our operations and other assumptions that could cause actual results to differ materially from the Partnership's historical experience and present expectations or projections. We believe these assumptions are reasonable given currently available information. Our assumptions and future performance are subject to a wide range of business risks, uncertainties and factors, which are described in our filings with the Securities and Exchange Commission (SEC).

For additional information regarding known material factors that could cause actual results to differ from the Partnership’s projected results, please see Global’s filings with the SEC, including its Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K.

Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date hereof. Global undertakes no obligation to publicly update or revise any forward-looking statements after the date they are made, whether as a result of new information, future events or otherwise.

Gregory B. Hanson
Chief Financial Officer
Global Partners LP
(781) 894-8800

Sean T. Geary
Chief Legal Officer and Secretary
Global Partners LP
(781) 894-8800

DUBLIN--(BUSINESS WIRE)--The "Global Electrostatic Precipitator Market - Forecasts from 2022 to 2027" report has been added to ResearchAndMarkets.com's offering.

The global electrostatic precipitator market is projected to grow at a CAGR of 4.90% during the forecast period to reach US$6.900 billion by 2027, from US$4.935 billion in 2020.

An electrostatic precipitator is a device that uses a high-voltage electrostatic charge to remove dust particles from a gas or exhaust and then collects them on an electrode. Some of the primary factors boosting demand for these precipitators are increased industry investment and favourable government policies. In the next few years, the Asia-Pacific area contains enormous market potential.

One of the key reasons driving the global electrostatic precipitator market during the forecast period is the rising awareness of air quality control and growing industrialization in both developing and developed nations. Because of toxic pollutants emitted by automobiles, industrial manufacturing, power plants, and other industries, air quality is degrading regularly.

Electrostatic precipitators, which remove soot and ash from exhaust fumes, are an excellent solution for a variety of end-use sectors looking to reduce particulate matter in the exhaust air and thus stay within environmental limitations. In addition, countries like the United States, China, and India are seeing tremendous industrialization. Sectors including public transit, autos, and energy (power plants) all contribute significantly to the economy's growth. All of these factors combine to boost demand for electrostatic precipitators, boosting the global market's growth.

Increased awareness of the need for air quality control and the negative consequences of hazardous emissions has resulted in a rapid transition away from non-renewable energy sources and toward renewable energy sources for energy generation. Renewable energy sources such as wind, solar, geothermal, and hydropower generate electricity without emitting any pollutants. Furthermore, due to the instability of crude oil prices, geopolitical difficulties, and significant investment risks, many power plants are turning toward using renewable energy sources for energy production. During the forecast period, these issues are anticipated to limit the electrostatic precipitator market's growth.

The use of ESPs was reduced as a result of the lockdown of oil refineries, chemical and manufacturing industries, especially in the early stages. This aspect had a negative impact on the worldwide electrostatic precipitator industry. In addition, a drop in worldwide electricity usage due to the closure of large-scale businesses, offices, and malls lowered the demand for electrostatic precipitators.

The market, on the other hand, is expected to recover quickly. According to the Energy and Economic Growth Survey, the oil and gas industry will be among the hardest hit in 2020, with an average decrease of -2.8 percent. Furthermore, more than 100 nations have closed their international borders for transportation and non-essential trade, causing the demand-supply chain in the electrostatic precipitator market to be impeded. In the COVID-19 scenario, this had a significant impact on the demand for electrostatic precipitators among oil refineries.

Key Market Segments

By Type

• Plate Wire
• Flat Plate
• Wet
• Two-stage

By End-Users

• Power Generation
• Chemicals
• Metal
• Cement
• Manufacturing
• Others

By Geography

• North America
• USA
• Canada
• Mexico
• South America
• Brazil
• Argentina
• Others
• Europe
• United Kingdom
• Germany
• France
• Spain
• Others
• Middle East and Africa
• Saudi Arabia
• UAE
• Israel
• Others
• Asia Pacific
• China
• Japan
• India
• South Korea
• Others

Companies Mentioned

• Hamon group
• Mitsubishi Hitachi Power Systems
• Envitech
• General Electric
• Trion IAQ
• Sumitomo Heavy Industries
• Babcock & Wilcox Enterprises
• John Wood Group PLC
• Thermax Limited
• Beltran Technologies Inc.

For more information about this report visit https://www.researchandmarkets.com/r/noho8g

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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TORONTO--(BUSINESS WIRE)--Kontrol Technologies Corp. (NEO:KNR) (OTCQB:KNRLF) (FSE:1K8) ("Kontrol” or "Company") a leader in smart buildings and cities through IoT, Cloud and SaaS technology will report will its financial results for the three month period ended March 31^st, 2022, on Monday, May 16^th, 2022 (the “filing date”). A complete set of the interim Financial Statements and Management's Discussion & Analysis will also be filed on SEDAR (www.sedar.com) on the filing date.

A call to discuss the financial results has been scheduled for Monday, May 16^th, 2022, at 8:30AM (Eastern). The event will be hosted by Paul Ghezzi, CEO and Claudio Del Vasto, CFO, of Kontrol Technologies Corp. We kindly request all participants to please connect at least 5 minutes prior to the event start time.

Event Details:

Kontrol Technologies Corp.

Kontrol Technologies Corp., a Canadian public company, is a leader in smart buildings and cities through IoT, Cloud and SaaS technology. Kontrol provides solutions and services to its customers to improve energy management, monitor continuous emissions and accelerate the sustainability of all buildings.

Additional information about Kontrol Technologies Corp. can be found on its website at www.kontrolcorp.com and by reviewing its profile on SEDAR at www.sedar.com

Neither IIROC nor any stock exchange or other securities regulatory authority accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This news release contains “forward-looking information” within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may constitute forward-looking information. In some cases, forward-looking information can be identified by words or phrases such as “may”, “will”, “expect”, “likely”, “should”, “would”, “plan”, “anticipate”, “intend”, “potential”, “proposed”, “estimate”, “believe” or the negative of these terms, or other similar words, expressions, and grammatical variations thereof, or statements that certain events or conditions “may” or “will” happen, or by discussions of strategy.

Where Kontrol expresses or implies an expectation or belief as to future events or results, such expectation or belief is based on assumptions made in good faith and believed to have a reasonable basis. Such assumptions include, without limitation, that sufficient capital will be available to the Company and that technology will be as effective as anticipated.

However, forward-looking statements are subject to risks, uncertainties, and other factors, which could cause actual results to differ materially from future results expressed, projected, or implied by such forward-looking statements. Such risks include, but are not limited to, that sufficient capital and financing cannot be obtained on reasonable terms, or at all; that those technologies will not prove as effective as expected; those customers and potential customers will not be as accepting of the Company's product and service offering as expected; and government and regulatory factors impacting the energy conservation industry.

Accordingly, undue reliance should not be placed on forward-looking statements and the forward-looking statements contained in this press release are expressly qualified in their entirety by this cautionary statement. The forward-looking statements contained herein are made as at the date hereof and are based on the beliefs, estimates, expectations, and opinions of management on such date. Kontrol does not undertake any obligation to update publicly or revise any such forward-looking statements or any forward-looking statements contained in any other documents whether as a result of new information, future events or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required under applicable securities law. Readers are cautioned to consider these and other factors, uncertainties, and potential events carefully and not to put undue reliance on forward-looking information.

Kontrol Technologies Corp.
Paul Ghezzi
CEO
This email address is being protected from spambots. You need JavaScript enabled to view it.
180 Jardin Drive, Unit 9, Vaughan, ON L4K 1X8
Tel: (905) 766.0400

Investor Relations:
Brooks Hamilton
MZ Group – MZ North America
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Tel: +1 (949) 546.6326

• Launches new software, hardware and services innovations to enable industry to accelerate sustainability commitments
• Reduces electrical energy consumption by 50 per cent in its motor management suite
• Expands its portfolio of SF6-free green and digital MV switchgear with GM AirSeT™
• Continues to advance customer business resilience and extends preventive condition-based maintenance service plan to variable speed drives

MISSISSAUGA, Ontario--(BUSINESS WIRE)--Schneider Electric, the leader in the digital transformation of energy management and automation, today unveiled several innovations at Hannover Messe 2022 with a single aim: accelerate the path to net-zero CO₂ emissions for customers and partners.

“Industry continues to undergo a massive period of change,” said Barbara Frei, Executive Vice President, Industrial Automation at Schneider Electric. “Our vision, however, remains constant. We want to create an efficient, open and sustainable industrial world able to adapt to changes in demand, supply chains, technology, and regulations. Digital solutions are by far the fastest way to decarbonize and future-proof operations for employees. Our technology, combined with AVEVA insights, enables enterprises to reach the next industrial generation with unseen levels of efficiency, resiliency, and sustainability. With every piece of technology, we aim to empower our customers and their workforce to achieve their sustainability targets.”

Innovations of the Future

Schneider Electric is proud to unveil a range of offers and partnerships, enabling the next generation sustainable industrial world:

• EcoStruxure Automation Expert 22.0 is the next version of the world’s first software-centric industrial automation system, further enhancing its sustainability capabilities and flexibility in consumer-packaged goods, logistics, water and wastewater operations.
• EcoStruxure Machine Expert Twin is a scalable digital twin software solution designed to manage the entire machine lifecycle. The software enables original equipment manufacturers (OEMs) to create digital models or real machines to improve efficiency and sustainability, reduce commissioning time, time to market as well as increasing quality costs.
• An upgrade to the motor management solution, delivers a holistic approach to asset management with an advanced digital management approach. It unifies energy and automation management systems, providing performance optimization (50 per cent less motor downtime), improved return on investments and efficiency across an entire plant (50 per cent less electrical energy consumed).
• EcoStruxure Service Plan now available for variable speed drives. Harnessing the combined power of our EcoStruxure platform with both remote and on-site expertise, the service provides condition-based maintenance that enables dynamic scheduling for the maintenance of variable speed drives. By remotely monitoring the health of the drives, the solution can anticipate issues and propose corrective actions that can be implemented on-line or on-site with our Field Services Team, complemented by asset health reports and annual consulting. This allows customers to get the right maintenance at the right time, meaning, significantly reducing unscheduled and unnecessary downtime, optimizing site operations, and improving safety for operators and equipment.
• Schneider Electric showcases GM AirSeT™, the latest addition to its growing family of SF6-free medium voltage switchgear. The latest green and digital solution powered by pure air enables industries and utilities to reduce environmental impact and optimize maintenance and operations.
• Strengthening Partnerships for Sustainability by empowering partners to look towards supporting and growing with Schneider’s partner ecosystem. The new program includes comprehensive education and training, a simplified product portfolio, an open and collaborative support ecosystem and digital knowledge and expertise. Complementing the Partnerships for Sustainability program are new products in its TransferPacT, PowerPacT and TeSys Giga ranges.
• Stratus, Schneider Electric and Avnet Integrated are bringing the capabilities of the data center to the network edge. The combination of EcoStruxure™ Micro Data Centre with Stratus® ftServer® enables fast deployment of zero-touch Edge Computing data centres ready for the challenges of an industrial setting.
• The integration of ETAP’s digital twin solutions with EcoStruxure Power Operation. The integration allows power system engineers to make more informed decisions, avoid potential operator mistakes and plan future systems expansion, improving response times and contingency actions.
• Schneider Electric introduces the new 24V DC Easy UPS. Created for commercial and industrial environments where power disruption risks business output, the new Easy-UPS minimizes downtime and protects equipment resulting in reduced machine maintenance, and improved control over industrial infrastructure.

“We are proud to be demonstrating the latest collaborations between Schneider Electric and AVEVA at Hannover Messe. Visitors will have the opportunity to discover first-hand how our new concept of Advanced Operations Control can empower industrial businesses. Data-led innovation to accelerate industrial digital transformation is how we contribute to a more sustainable future with Schneider Electric,” said Caspar Herzberg, Chief Revenue Officer, AVEVA.

Schneider Electric key Hannover Messe sessions

Through keynote presentations, innovation sessions, panel discussions, and interviews with Schneider Electric spokespeople, customers, partners including AVEVA, and industry experts, the company will celebrate the agility and adaptation that has occurred over the past year.

Monday, 30 May

[3-4 PM CEST] Press conference
Schneider Electric and AVEVA executives discuss the company’s strategic thinking and Industries of the Future vision.

Tuesday, 31 May

[9:30-10:30 AM CEST] Press breakfast
An opportunity to find out about Schneider Electric and AVEVA’s latest solutions for industrial resilience, agility and sustainability.

30 May – June 2: Innovation Talks

Innovation Talk 1: Our resilient and sustainable future
Speakers: Niels Wessel, Offer Manager, Industrial Automation, DACH
Karim Helal, Global Innovation Ambassador

The need for next-generation smart manufacturing is urgent. Industrial enterprises need more innovation, automation, eco-efficiency, and agility at all levels – not only for the sustainability of the planet but also for the sustainability of the businesses themselves.

Join this Innovation Talk to learn:

• How to increase your operational sustainability by digitally integrating energy and automation systems
• Ways to grow responsible profitability with advanced analytics and industrial software
• When to tap into domain experts for safety, efficiency, and sustainability
• The cybersecurity topics you need to know about right now
• How to leverage an ecosystem of trusted partners to reach and surpass your operational goals

Innovation Talk 2: Next generation industrial automation
Speakers: Leif Juergensen, System Marketing, Next Gen Automation Incubator
Marissa Mueller, Global Innovation Ambassador

The way goods and services are procured, produced, delivered, and consumed is increasingly driven by information technology. More work is done remotely. More interactions are digital. And more operations are automated.

Thriving as a modern industrial operation requires a digital way of thinking, where software and data play starring roles.

Join this talk to learn how to make your operation sustainable, agile, and resilient through secure software-centric industrial automation.

Innovation Session 3: Electricity 4.0 – Our Fastest Route to Net Zero
Speakers: Gerold Goeldner, Head of Marketing Sustainability, Europe Operations and Cordelia THIELITZ, VP Strategy, Europe Operations
Liani Toro Caballero, Global Innovation Ambassador

Over 80 per cent of CO₂ emissions are energy-related and over 60 per cent of energy is wasted. To tackle climate change, we need to make energy green and smart. The solution is a world that is more electric and more digital. We call it Electricity 4.0.

In this Innovation Talk, you will:

• Discover how electricity makes energy green, as it is the most efficient energy and the best vector for decarbonization
• See how digital innovation makes energy smart, making the invisible visible to eliminate waste
• Learn how the four industrial revolutions have evolved in parallel with electrical revolutions
• See how we are helping customers build the New Electric World everywhere and accelerating their journey to net zero

Ahead of the Hannover Messe 2022 event, Schneider Electric has been awarded with the Gold 2022 Hermes Creative Award by the Association of Marketing Communication Professionals (AMCP) in the Event Marketing category, for the “Discover Industries of the Future at Hannover Messe 2022” campaign.

Get your free promo code via this link to join us at Hannover Messe 2022 (30 May – 2 June), an event exploring what industry leaders, including Schneider Electric, are doing to drive the Industries of the Future forward.

About Schneider Electric

Schneider’s purpose is to empower all to make the most of our energy and resources, bridging progress and sustainability for all. We call this Life Is On.

Our mission is to be your digital partner for Sustainability and Efficiency.

We drive digital transformation by integrating world-leading process and energy technologies, endpoint to cloud connecting products, controls, software and services, across the entire lifecycle, enabling integrated company management, for homes, buildings, data centers, infrastructure and industries.

We are the most local of global companies. We are advocates of open standards and partnership ecosystems that are passionate about our shared Meaningful Purpose, Inclusive and Empowered values.

https://www.se.com/ca/en/

Discover Life Is On
Follow us on: Twitter | Facebook | LinkedIn | YouTube | Instagram | Blog

Discover the newest perspectives shaping sustainability, electricity 4.0, and next generation automation on Schneider Electric Insights.

Additional resource:

• Follow Industries of the Future on LinkedIn
• EcoStruxure Automation Expert

Hashtags: #IndustriesOfTheFuture #NextGenAutomation #IndustrialAutomation #UniversalAutomation #EcoStruxure

Media Relations - Edelman on behalf of Schneider Electric
Juan Pablo Guerrero
+1 416 875 7173
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School’s campus solar installations include 488.43kW of rooftop solar systems and 422.82kW of carport solar systems

FRAMINGHAM, Mass. & PHOENIX--(BUSINESS WIRE)--#carbonreduction--Ameresco, Inc., (NYSE: AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy, today announced the completion of its comprehensive solar installation at Brophy College Preparatory in Phoenix, Arizona. In total, the implemented solar systems will provide 911.25kW DC or 736.0kW AC of power for the school.

By utilizing a solar services agreement, Ameresco led the development and installation of various solar arrays throughout the school’s campus, including 488.43kW of rooftop solar systems and 422.82kW of carport solar systems across 118 parking spaces. The implemented upgrades will offset about 48% of Brophy’s annual electricity consumption and provide the school with significant cost savings over time.

The project also realizes three important initiatives outlined by Brophy’s Student Climate Coalition, which was a primary force in initiating this project for the school. The initiatives include achieving broader sustainability benefits, increasing economic returns for the school and enhancing social equity for the school as a whole. To support the school’s curriculum surrounding this project, Ameresco prepared and taught three classes for Brophy students to educate them on the development, implementation, and post-construction aftercare process for the installations on campus, and for solar arrays in general.

“I am grateful for the leadership of Brophy’s Student Climate Coalition, as well as SCC moderator, alumnus and faculty member Cooper Davis. As Jesuit-educated young men who understand the call to care for our common home, they spent considerable time researching the benefits and costs of this project and presenting it to the Board of Trustees,” said Brophy President Adria Renke. “I am also grateful for Ameresco’s partnership and willingness to work closely with us, not just to complete the project, but to educate our community on the process and results.”

“Our work with Brophy College Preparatory is a prime example of how sustainability can directly impact the student leaders of tomorrow to advance clean energy initiatives and the school’s mission, alike,” said Bob Georgeoff, Executive Vice President, Ameresco. “We’re thrilled to have played a role in helping Brophy to take another step towards environmental responsibility for future generations and continuing to elevate Ameresco’s ESG initiatives of “doing well by doing good”.”

To learn more about the energy efficiency solutions offered by Ameresco, visit www.ameresco.com/energy-efficiency/.

About Ameresco, Inc.

Founded in 2000, Ameresco, Inc. (NYSE:AMRC) is a leading cleantech integrator and renewable energy asset developer, owner and operator. Our comprehensive portfolio includes energy efficiency, infrastructure upgrades, asset sustainability and renewable energy solutions delivered to clients throughout North America and the United Kingdom. Ameresco’s sustainability services in support of clients’ pursuit of Net Zero include upgrades to a facility’s energy infrastructure and the development, construction, and operation of distributed energy resources. Ameresco has successfully completed energy saving, environmentally responsible projects with Federal, state and local governments, healthcare and educational institutions, housing authorities, and commercial and industrial customers. With its corporate headquarters in Framingham, MA, Ameresco has more than 1,000 employees providing local expertise in the United States, Canada, and the United Kingdom. For more information, visit www.ameresco.com.

About Brophy College Preparatory

Brophy College Preparatory is a Jesuit, Catholic school for young men established in 1928 that seeks to instill competence, conscience, and compassion and to educate Men for Others to Serve the World.

The announcement of achieving commercial operations for an energy asset is not necessarily indicative of the timing or amount of revenue from the energy asset, of the company’s overall revenue for any particular period or of trends in the company’s overall total assets in development or operation. This project was included in our previously reported assets in development as of March 31, 2022.

Media Contact:
Ameresco: Leila Dillon, 508-661-2264, This email address is being protected from spambots. You need JavaScript enabled to view it.

DUBLIN--(BUSINESS WIRE)--The "Algae Biofuel Market - Forecasts from 2022 to 2027" report has been added to ResearchAndMarkets.com's offering.

The global algae biofuel market is estimated to show growth from US$5.022 billion in 2020 to US$9.033 billion in 2027 at a CAGR of 8.75%.

The key factor driving the growth is the demand for algae biofuel as an essential energy source. Due to the rising prices of petrol and diesel, the demand for algae biofuel has increased. Moreover, increasing inclination towards eco-friendly lifestyles owing to their health benefits and fewer or no environmental hazards is boosting the demand for algae biofuel.

As a result, all biofuels are referred to as a replacement for oil or another environmentally hazardous fuel. Algae B biofuel has the potential to provide around 20 times the output of other conventional biofuels like sorghum, beet, corn, and corn stover. This feature of algae biofuel has the potential to open new pathways for industrial growth during the forecast period.

Algae biofuels are produced from biomass and are in the form of both liquid and gaseous forms. They are generated through the conversion of biomass material, which can be done thermally, chemically, or biochemically Algae Biofuel has various other qualities over other biofuels, such as high energy content, high biodegradability, and faster microorganism growth. These qualities make the algae biofuel's manufacturing practises. Some of the biofuel types made from algae biofuels are green diesel, biodiesel, bioethanol, methane, jet fuel, bio-butanol, and bio-gasoline.

Algal biofuel has applications in the automotive, transportation, aerospace, and defence industries. It has come up as the best third-generation alternative to the second-generation crop-based biofuel. Increasing research and developments in algae biofuel are making it more applicable in many sectors and making its production more economical and viable. Many industrial sectors have also started using algae biofuel commercially due to its increasing popularity since the last decade. Algae biofuel can be used to generate combined heat and power or can be used for pyrolysis oil. Algae biofuel is also preferred in transportation because it directly replaces petroleum without any changes in engine performance.

According to the United States Energy Department, if algae biofuel completely replaces petroleum fuel all over the USA, it will require only 15 thousand square miles, which is 0.42% of the total USA area. It is stated that this area would be less than 1/7 the total area of corn harvested in the USA. Whereas, in November 2022, an engineer in India started creating biofuel from microalgae in Jharkhand's Pond.

Convenient natural sources to produce algae biofuel

As light is the prime factor needed for the cultivation of algae, investors are more interested in investing in the production of algae biofuel as the requirements are comparatively lower. Additionally, as algae biofuel is a competitive alternative to petroleum and diesel, it will gain at increasing rates in the future, making algae biofuel a profitable investment. Countries that have huge waterbodies also prefer the production of algae biofuel.

Water temperature is what influences the growth of algae the most. Although the use of a few media can accelerate the production of algae biomass, the two most enriching mediums are Guillard's F/2 and Walne medium. These media reduce the time required for the preparation of the nutrients that are needed to grow algae. Thus, various nutritive solutions, viability, profit to the investors, and most importantly, increasing popularity among the consumers for algae biofuel are all contributing to the rising demand for algae biofuel globally.

Challenges for the algae biofuel market

Due to a lack of knowledge regarding the cultivation of algae, not all manufacturers take the risk of its production. Moreover, according to the study by the Center for Algae Biotechnology, California University, the challenges that affect of algae biofuel production are nutrient sourcing and utilisation, strain isolation, production management, coproduct developments, and fuel extraction.

Market Segmentation

By Type

• Jet fuel
• Bioethanol
• Methane
• Biodiesel

By Applications

• Transportation
• Aerospace
• Others

By Geography

• North America
• USA
• Canada
• Mexico
• South America
• Brazil
• Argentina
• Others
• Europe
• Germany
• France
• United Kingdom
• Spain
• Others
• Middle East and Africa
• South Africa
• Saudi Arabia
• Others
• Asia Pacific
• China
• Japan
• South Korea
• India
• Thailand
• Taiwan
• Indonesia
• Others

Companies Mentioned

• ExxonMobil
• Manta Biofuel
• Algenol
• Synthetic Genomics
• Cellana
• ALFA LAVAL
• Seambiotic

For more information about this report visit https://www.researchandmarkets.com/r/gu4lcf

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
This email address is being protected from spambots. You need JavaScript enabled to view it.
For E.S.T Office Hours Call 1-917-300-0470
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KANSAS CITY, Mo.--(BUSINESS WIRE)--CorEnergy Infrastructure Trust, Inc. (NYSE: CORR, CORRPrA) ("CorEnergy" or the "Company") announced today that its Board of Directors declared a first quarter 2022 dividend of $0.05 per share for its common stock, consistent with the preceding quarter. The dividend is payable on May 31, 2022 to shareholders of record on May 17, 2022.

The Board of Directors also declared a cash dividend of $0.4609375 per depositary share for the Company’s 7.375% Series A Cumulative Redeemable Preferred Stock. The preferred stock dividend, which equates to an annual dividend payment of $1.84375 per depositary share, is payable on May 31, 2022, to shareholders of record on May 17, 2022.

First Quarter 2022 Results Release Date

The Company announced that it will report results for its first quarter ended March 31, 2022, on May 12, 2022.

CorEnergy will host a conference call on Thursday, May 12, 2022, at 10:00 a.m. Central Time to discuss its financial results. Please dial into the call at +1-973-528-0002 at least five minutes prior to the scheduled start time. The call will also be webcast in a listen-only format. A link to the webcast will be accessible at corenergy.reit.

A webcast replay of the conference call will be available on the Company’s website at corenergy.reit. A replay of the call will be available until June 11, 2022, by dialing +1-919-882-2331. The Conference ID is 754740.

About CorEnergy Infrastructure Trust, Inc.

CorEnergy Infrastructure Trust, Inc. (NYSE: CORR, CORRPrA) is a real estate investment trust that owns and operates or leases regulated natural gas transmission and distribution and crude oil gathering, storage and transmission pipelines and associated rights-of-way. For more information, please visit corenergy.reit.

Forward-Looking Statements

This press release contains certain statements that may include "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, included herein are "forward-looking statements." Although CorEnergy believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in CorEnergy's reports that are filed with the Securities and Exchange Commission. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Other than as required by law, CorEnergy does not assume a duty to update any forward-looking statement. In particular, any distribution paid in the future to our stockholders will depend on the actual performance of CorEnergy, its costs of leverage and other operating expenses and will be subject to the approval of CorEnergy's Board of Directors and compliance with leverage covenants.

Source: CorEnergy Infrastructure Trust, Inc.

CorEnergy Infrastructure Trust, Inc.
Investor Relations
Debbie Hagen or Matt Kreps
877-699-CORR (2677)
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SAN ANTONIO--(BUSINESS WIRE)--Detmar Logistics (the "Company") has entered into a first of its kind multi-year last mile logistics services agreement with Pioneer Natural Resources. Detmar Logistics executed this latest agreement with an innovative approach as a leader in alternative fuel and electrified transportation. “We are very excited and honored to enter into this partnership with Pioneer Natural Resources. Securing this relationship on a multi-year contract reinforces both companies’ commitment to lead the industry with ESG and efficiency focused initiatives,” said Matt Detmar, CEO of Detmar Logistics.

“Moving to more efficient processes while simultaneously reducing emissions is a win-win,” said Jerry Calkins, Senior Logistics Manager at Pioneer Natural Resources. “We are delighted to work with Detmar Logistics to deploy more sustainable last-mile logistics solutions.”

Detmar Logistics recently reserved 300 Hyliion Hypertruck ERX units in their push towards a goal of an electrified fleet and net-negative carbon footprint. “Today, we are operating 5 diesel hybrid units and 5 CNG hybrid units with more to come. Detmar has also invested in high-capacity trailers that will ultimately reduce the number of sand truck loads needed to complete a well,” says Matt Detmar.

About:

Detmar Logistics is a transportation company that specializes in frac sand last mile logistics. Detmar Logistics’ mission is to be a leader in the utilization of sustainable fuel and electrification technology in the trucking and logistics industry. Headquartered in San Antonio, TX, Detmar Logistics operates cutting edge technology and equipment to provide their customers with an efficient, environmental approach to transportation and logistics.

Claudia Caballero
210-471-2170
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CBRE recognized with 2022 ENERGY STAR Partner of the Year Sustained Excellence Award

DALLAS--(BUSINESS WIRE)--The U.S. Environmental Protection Agency (EPA) has recognized CBRE with a 2022 ENERGY STAR^® Partner of the Year Sustained Excellence Award for continued leadership and superior contributions to ENERGY STAR. This marks the 15th consecutive year CBRE has earned ENERGY STAR's Partner of the Year Award.

The Sustained Excellence award is the highest honor bestowed by the EPA for its ENERGY STAR program. Recipients are part of a distinguished group that have made a long-term commitment to fighting climate change and protecting public health through energy efficiency.

With buildings responsible for 40% of carbon emissions globally and its 7.1 billion square feet of managed property, CBRE has an outsized opportunity to help reduce greenhouse gas emissions.

“Continued recognition from the EPA underscores our success at creating real estate solutions that help businesses and people thrive,” said Tim Dismond, CBRE’s Chief Responsibility Officer.

ENERGY STAR has been the operational framework for advancing energy efficiency in CBRE’s managed portfolio since the company developed its environmental sustainability program in 2006. In 2021, CBRE registered and benchmarked 5,941 buildings, representing more than 346.9 million square feet.

“We know it’s going to take all of us working together to tackle the climate crisis, and the 2022 ENERGY STAR award-winning partners are demonstrating what it takes to build a more sustainable future,” said EPA Administrator Michael S. Regan. “These companies are showing once again that taking action in support of a clean energy economy can be good not only for the environment, but also for business and customers.”

Earlier this year, CBRE was ranked #11 on the Barron's list of the 100 Most Sustainable Companies in the U.S.

About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2021 revenue). The company has more than 105,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com. We routinely post important information on our website, including corporate and investor presentations and financial information. We intend to use our website as a means of disclosing material, non-public information and for complying with our disclosure obligations under Regulation FD. Such disclosures will be included in the Investor Relations section of our website at https://ir.cbre.com. Accordingly, investors should monitor such portion of our website, in addition to following our press releases, Securities and Exchange Commission filings and public conference calls and webcasts.

Kathryn Seck
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DUBLIN--(BUSINESS WIRE)--The "Ocean Energy (Tidal Stream and Wave) - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Global Ocean Energy (Tidal Stream and Wave) Market to Reach 348.1 Thousand Kilowatts by 2026

The global market for Ocean Energy (Tidal Stream and Wave) estimated at 58.7 Thousand Kilowatts in the year 2020, is projected to reach a revised size of 348.1 Thousand Kilowatts by 2026, growing at a CAGR of 35.4% over the analysis period.

Ocean energy, also called marine energy, marine power and marine renewable energy, relates to energy that is harnessed from ocean waves, tidal streams, tidal range, ocean currents, salinity gradients, and temperature gradients without the emission of harmful greenhouse gases.

The growing global focus on energy efficiency against a backdrop of rising energy costs and environmental pollution is poised to benefit the market for ocean energy. With the energy industry of the future moving towards a decentralized supply model as mirrored by the evolution of smart grids, power grid configurations are forecast to change over time.

As smaller power plants mushroom under the decentralized structure, tapping into solar, wind, ocean, and biomass becomes a necessity. Ocean energy, in this regard, helps reduce the inefficiencies, which incidentally represents a critical need especially against the backdrop of growing contribution of renewable energy to the overall energy mix.

The market is also expected to gain from the technologies` efficient monitoring and smart architecture. The technology`s high reliability and predictability index is likely to result in it gaining more preference as compared to its traditional counterparts.

The U.S. Market is Estimated at 4.5 Thousand Kilowatts in 2021, While China is Forecast to Reach 32.8 Thousand Kilowatts by 2026

The Ocean Energy (Tidal Stream and Wave) market in the U.S. is estimated at 4.5 Thousand Kilowatts in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of 32.8 Thousand Kilowatts by the year 2026 trailing a CAGR of 37.6% over the analysis period.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 34.6% and 33.5% respectively over the analysis period. Various policy systems and initiatives are being implemented in the EU to enable ocean energy technologies to become cost effective, for obtaining the advantages offered by these technologies.

The region remains the leader in tidal and wave technologies, and has investments to the tune of over EUR 100 million in ocean energy systems. In Asia-Pacific region, a major contributor of this growth is commissioning of Sihwa Lake Tidal Power Station having 254 MW capacity in 2011 in South Korea, becoming world`s largest tidal power plant, replacing France`s Rance Tidal Power Station.

On the other hand, North American tidal and wave energy market is still struggling to find its feet on account of demonstration projects being stuck on account of governmental sanctions and want of funds.

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET COVERVIEW

• Influencer Market Insights
• World Market Trajectories
• Impact of Covid-19 and a Looming Global Recession
• Covid-19 Crisis Underlines the Need for Sustainable Development
• Investment Scenario on Renewable Energy Remains Impacted
• Inevitable Rise in Energy Demand Post COVID-19 to Throw Spotlight on Renewable Energy
• Ocean Energy: Prelude
• Wave Energy
• Major Resources
• Tidal Energy
• Tidal Streams
• Floating Offshore Wind Turbine (FOWT)
• Ocean Thermal Energy
• Salt Power
• Ocean: One of the Largest Renewable Energy Sources
• Worldwide Major Locations with Mean Tidal Range >5 Meters
• Sustained Rise in Electric Power Consumption Drives the Need for Alternative Energy Sources
• Shift to Renewable Sources of Energy: An Inevitable Reality
• Global Renewable Energy Breakdown by Type: 2010 Vs 2030
• Global Energy Production by Energy Source (2030 & 2040): Breakdown of Electricity (Billion Kilowatt Hours) and Percentage Share for Petroleum, Nuclear, Natural Gas, Coal and Renewables
• Huge Untapped Kinetic Energy Potential of Oceans: A Fundamental Growth Driver
• Fast Facts
• Growth Drivers in a Nutshell
• Key Market Inhibitors
• Government Intervention Critical for Commercial Success of Ocean Energy
• Targets for Electricity Production from Renewable Energy Sources in Select Countries
• Global Market Outlook
• Europe Leads the Global Ocean Energy Market
• Asia-Pacific: Frontrunner in Tidal Barrage Power Plants

2. FOCUS ON SELECT PLAYERS (Total 49 Featured)

• Applied Technologies Company, Ltd.
• Aqua-Magnetics Inc.
• Atargis Energy Corporation
• BioPower Systems Pty. Ltd.
• Blue Energy Canada Inc.
• Carnegie Clean Energy Limited
• Minesto AB
• Nova Innovation Ltd.
• Ocean Power Technologies Inc.
• Ocean Renewable Power Company, LLC
• Orbital Marine Power
• SIMEC Atlantis Energy Ltd
• Tocardo International BV
• Verdant Power, Inc.

3. MARKET TRENDS AND DRIVERS

• Growing Number of Wave Energy Projects Worldwide Drives Strong Market Growth
• Select Wave Power Stations Worldwide
• Tidal Energy Gains Momentum
• MeyGen: A Multi-Turbine Tidal Stream Project in Scotland
• Tidal Energy Projects Worldwide
• Select Tidal Projects (Existing & Proposed) Worldwide
• Tidal Stream Projects Lends Traction to Market Growth
• Ocean Thermal Energy Conversion (OTEC) - A Niche Segment
• OTEC Project on the South Pacific Ocean
• Select FOWT Projects Worldwide: Project Proponent, Technology, Location, Capacity (MW) and Scheduled Completion
• Rising Investments in Renewable Energy Sources Benefit Market Expansion
• Superior Attributes of Tidal Energy Attract New Developers, Benefits Market Adoption
• Horizontal Axis Turbines Grab Lion's Share of Tidal Energy Devices
• Tidal Energy: Abundant Resources despite Technology Barriers
• Despite Dominance of Tidal Energy, Wave Energy Garner Growing Attention and Investments
• Small Islands Provide Big Push for Ocean Thermal Energy Conversion Plants
• Wave Energy Sector Sees a Wave of Innovations
• Technology Developments to Harness Salt Power
• Burgeoning Global Population Propels Demand for Electric Power
• World Population (in Thousands) by Geographic Region for the Years 2019, 2030, 2050, 2100
• Key Challenges Hampering Ocean Energy Development
• Financial Support and Markets
• Administrative and Environmental Issues
• Environmental Challenges
• Administrative Issues
• Social Acceptance Impediments
• Availability of Grid Close to Projects
• Grid Integration
• Technology Advancements

4. GLOBAL MARKET PERSPECTIVE

III. REGIONAL MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/px7dec

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Laura Wood, Senior Press Manager
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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 that the Company will exhibit and present at the Society for Information Display (SID) Display Week 2022 International Symposium, Seminar and Exhibition being held May 9-13 in San Jose, California.

“We are excited to return to an in-person Display Week and celebrate SID’s 60^th anniversary next week,” said Steven V. Abramson, President and Chief Executive Officer of Universal Display Corporation. “Display Week is a great forum to meet with our partners and peers in the display ecosystem as well as participate in a multitude of symposiums and seminars. Visit us at booth # 414 to learn more about our state-of-the-art OLED materials and technologies and to speak with our team.”

This year’s SID’s Symposium will include a variety of technical and business events, including:

• SID/DSCC Business Conference, where Dr. Mike Hack will participate in the Keynote Session presenting on “UDC’s Development of Phosphorescent Blue OLEDs” on Monday, May 9^th at 8:40am PT.
• Session 21: OLED Optics, where Dr. Nicholas Thompson of Universal Display will present on the “Effect of Ag Adhesion Layer on Plasmon Outcoupling Efficiency,” on Wednesday, May 11^th at 9:00am PT.
• Session 4: Oxide TFTs for OLED Displays (Active Matrix Devices), where Dr. Mike Hack of Universal Display will be the Session Chair on Tuesday, May 10^th at 11:10am PT.
• Session 28: OLED Physics and Simulations, where Dr. Nicholas Thompson of Universal Display will be the Session Co-chair on Wednesday, May 11^th at 10:40am PT.
• Session 45: OLED Devices II, where Dr. Nicholas Thompson of Universal Display will be the Session Chair on Thursday, May 12^th at 10:40am PT.
• Session 47: Automotive Display Optimizations (Automotive/Vehicular Displays and HMI Technologies), where Dr. Eric Margulies will be the Session Co-Chair on Thursday, May 12^th at 10:40am PT.
• Session 61: Novel Large-Area Automotive Displays (Automotive/Vehicular Displays and HMI Technologies), where Dr. Eric Margulies will be the Session Co-Chair on Thursday, May 12^th at 3:10pm PT.

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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DUBLIN--(BUSINESS WIRE)--The "Backscatter X-ray Devices Market with COVID-19 Impact Analysis, by Type (Handheld and Non-handheld), Application (Customs and Border Protection, Law Enforcement, Airport/Aviation, Military and Defense) and Geography - Global Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.

The backscatter X-ray devices market was valued at USD 132 million in 2021 and is projected to reach USD 174 million by 2027; it is expected to grow at a CAGR of 4.6% from 2022 to 2027.

The key factors driving the growth of the backscatter X-ray devices market include increase in number of terrorist attacks and illegal immigration, increasing deployment of security solutions at public gathering spaces, rise in smuggling of narcotics, and reduction in passenger waiting time.

The backscatter X-ray devices market includes major Tier I and II manufacturers and distributors such as Rapiscan Systems (US), Nuctech Company Limited (China), Viken Detection (US), LAURUS Systems, Inc. (US), Scanna MSC Ltd. (UK), Autoclear LLC (US), and Tek8, Inc. (US). These companies have their manufacturing facilities spread across various countries across North America, Europe, APAC, and RoW. COVID-19 has impacted their businesses as well. A number of scheduled product launches and related developments have been postponed due to the pandemic. However, the impact of COVID-19 is expected to reduce during the forecast period.

Non-handheld segment to account for the largest share of backscatter X-ray devices market during the forecast period

On the basis of type, the backscatter X-ray devices market has been segmented into handheld and non-handheld. The handheld segment of the backscatter X-ray devices market is projected to witness a higher growth rate than the non-handheld segment owing to the increasing acceptance of handheld devices globally due to low-price and portability.

Customs and border protection application to account for the largest share of backscatter X-ray devices market during the forecast period

On the basis of application, the backscatter X-ray devices market has been segmented into customs & border protection, law enforcement, airport/aviation, military & defense, and others. The customs & border protection segment is projected to account for the largest size of the backscatter X-ray devices market from 2022 to 2027. The fast and effective features of backscatter X-ray devices in scanning people, baggage, and vehicles are fueling their demand in the customs and border protection application segment.

APAC to account for the largest growth of backscatter X-ray devices market during the forecast period

Among all regions, APAC is expected to register the highest growth in the backscatter X-ray devices market during the forecast period. The market in APAC has been classified into China, Japan, South Korea, and the Rest of APAC. The market in APAC is mainly dominated by China and Japan as the majority of players have their presence in these countries. In the recent times, several countries in APAC have experienced terrorist attacks, such as India, Pakistan, Sri Lanka, Australia, and others, which has compelled the governments in these countries to upgrade their security measures by investing a significant amount in developing and installing advance and multi-technology security systems.

Thus, the backscatter X-ray devices market is expected to grow at the highest rate in APAC region. There is a huge threat of terrorist attacks, and civil unrest/community riots in countries such as India, Bangladesh, Indonesia, and Philippines. To curb terrorism, governments in various nations have laid down multiple policies and have adopted advanced security measures for homeland security, and at airports and seaports. Moreover, many public events and gatherings that are likely to take place in APAC countries will boost the demand for backscatter X-ray devices market in APAC.

Market Dynamics

Drivers

• Increase in Number of Terrorist Attacks and Illegal Immigration
• Increasing Deployment of Security Solutions at Public Gathering Spaces
• Rise in Smuggling of Narcotics
• Reduction in Passenger Waiting Time

Restraints

• Privacy Concerns Associated with Backscatter X-Ray Body Scanners
• Health Concerns Related to Use of Backscatter X-Ray Devices
• High Installation and Maintenance Costs

Opportunities

• Technological Advancements in X-Ray Screening Systems
• Development of Low-Cost Products

Challenges

• Inclusion of Artificial Intelligence for Digital Transformation of Security Applications
• Improving Effectiveness of Existing Scanners

Companies Mentioned

• Rapiscan Systems
• Nuctech Company Limited
• Viken Detection
• Laurus Systems Inc.
• Scanna Msc Ltd.
• Autoclear LLC
• Tek84, Inc.

For more information about this report visit https://www.researchandmarkets.com/r/s2q6l0

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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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:

Cowen and Company’s 50^th Annual Technology, Media & Telecom Conference
Date: June 2, 2022
Location: New York
Time: 8:30am ET*
Presenter: Steve Abramson, President and CEO

*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 Conferences:

SID Display Week 2022
Date: May 9-13, 2022
Location: San Jose, CA
Presenter: Dr. Mike Hack, Vice President of Business Development
Presentation: UDC’s Development of Phosphorescent Blue OLEDs
Presenter: Dr. Nicholas Thompson, Senior R&D Manager
Presentation: Effect of Ag Adhesion Layer on Plasmon Outcoupling Efficiency

MARM 2022: Our Chemical Revolution
Date: June 1-4, 2022
Location: Ewing, NJ
Presenter: Dr. Rasha Hamze, Senior Research Scientist
Presentation: Luminescence of Heavy and Light Metal Complexes

Universal Display Corporation is also sponsoring the following conference:

The 24^th International Symposium on the Photochemistry and Photophysics of Coordination Compounds
Date: July 24-29, 2022
Location: University of British Columbia, Vancouver, Canada

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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Universal Display:
Darice Liu
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+1 609-964-5123

MADISON, Wis.--(BUSINESS WIRE)--MGE Energy, Inc. (Nasdaq: MGEE) today issued its first-quarter 2022 financial update presentation.

The update is available on MGE Energy's website at:

mgeenergy.com/financialupdate

About MGE Energy

MGE Energy is a public utility holding company. Its principal subsidiary, Madison Gas and Electric, generates and distributes electricity to 159,000 customers in Dane County, Wis., and purchases and distributes natural gas to 169,000 customers in seven south-central and western Wisconsin counties. MGE's roots in the Madison area date back more than 150 years.

Investor relations contacts
Steve B. Schultz
Corporate Communications Manager
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Ken Frassetto
Director Shareholder Services and Treasury Management
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DALLAS--(BUSINESS WIRE)--Primoris Services Corporation (NASDAQ Global Select: PRIM) (“Primoris” or the “Company”) today announced a solar project with an estimated value of $130 million. The contract was secured by the Company’s Energy/Renewables Segment.

“This project is another great example of our segments working together to provide a complete solution for our clients,” said Tom McCormick, President and Chief Executive Officer of Primoris. “In addition to the photovoltaic work that our Energy/Renewables Segment will execute, our Utilities Segment will perform the high-voltage work.”

The award is for the engineering, procurement and construction of a utility-scale solar facility in the South. Initial project construction will begin in the fourth quarter of 2022 with completion of the project expected in the third quarter of 2023.

ABOUT PRIMORIS

Primoris Services Corporation is a leading specialty contractor providing critical infrastructure services to the utility, energy/renewables and pipeline services markets throughout the United States and Canada. The Company supports a diversified base of blue-chip customers with engineering, procurement, construction and maintenance services. A focus on multi-year master service agreements and an expanded presence in higher-margin, higher-growth markets such as utility-scale solar facility installations, renewable fuels, electrical transmission and distribution systems and communications infrastructure have also increased the Company’s potential for long-term growth. Additional information on Primoris is available at www.primoriscorp.com.

FORWARD LOOKING STATEMENTS

This press release contains certain forward-looking statements that reflect, when made, the Company’s expectations or beliefs concerning future events that involve risks and uncertainties, including the Company’s future performance. Forward-looking statements include all statements that are not historical facts and can be identified by terms such as “anticipates”, “believes”, “could”, “estimates”, “expects”, “intends”, “may”, “plans”, “potential”, “predicts”, “projects”, “should”, “will”, “would” or similar expressions. Forward-looking statements include information concerning our possible or assumed future results of operations, business strategies, financing plans, competitive position, industry environment, potential growth opportunities, the effects of regulation and the economy, generally. Forward-looking statements inherently involve known and unknown risks, uncertainties, and other factors, which may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Actual results may differ materially as a result of a number of factors, including, among other things, the risks described in Part I, Item 1A “Risk Factors” of our Annual Report on Form 10-K for the year ended December 31, 2021, and our other filings with the U.S. Securities and Exchange Commission (“SEC”). Such filings are available on the SEC’s website at www.sec.gov. Given these risks and uncertainties, you should not place undue reliance on forward-looking statements. Primoris does not undertake any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.

Brook Wootton
Vice President, Investor Relations
Primoris Services Corporation
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Company supports US dedication to leadership role in domestic quantum computing development

ELMSFORD, N.Y.--(BUSINESS WIRE)--SEEQC, the digital quantum computing company, today released a statement announcing its strong support for an Executive Order and National Security Memorandum signed by President Biden on May 4, 2022 that both address quantum computing. The Executive Order is designed to ensure the United States develops and maintains its leadership role in the quantum computing and quantum information sciences (QIS) industries. The National Security Memorandum outlines the “key steps needed to maintain the Nation’s competitive advantage in quantum information science (QIS), while mitigating the risks of quantum computers to the Nation’s cyber, economic, and national security.” In both initiatives, the President rightly identifies the challenges necessary to adequately scale and provide assistance to the development of the industry.

Below is the statement from SEEQC CEO and co-founder John Levy on both the Executive Order and National Security Memorandum:

“Quantum computers, quantum software and semiconductors are essential for many of the federal government’s current and future projects. As the President pointed out, and as we at SEEQC know well, this technology is essential for the future of several industries that power the American economy. A competitive edge in energy, pharmaceuticals, cybersecurity as well as the opportunity to create new jobs in emerging industries may only be made possible through the investment in and advancement of quantum computing.

“A stable supply of domestically-fabricated quantum chips and wafers is crucial to the creation of quantum applications, and it is a key component of a holistic governmental approach advocated for in the executive order. Through the increased investment in the manufacturing of quantum chips, the United States can secure its role as the leader in quantum technology, unlocking a future otherwise not possible while decreasing its reliance on foreign markets.

“We fully support President Biden’s dedication to bringing this world-changing technology to fruition, and SEEQC is honored to be a part of it. We look forward to continuing to work with the administration and our partners in government, industry and academia to address all the issues and opportunities in front of this industry.”

About SEEQC: SEEQC is developing the first fully digital quantum computing platform for global businesses. SEEQC combines classical and quantum technologies to address the efficiency, stability and cost issues endemic to quantum computing systems. The company applies classical and quantum technology through digital readout and control technology and a unique chip-scale architecture. SEEQC’s quantum system provides the energy- and cost-efficiency, speed and digital control required to make quantum computing useful and bring the first commercially-scalable, problem-specific quantum computing applications to market.

The company is one of the first companies to have built a superconductor multi-layer commercial chip foundry and through this experience has the infrastructure in place for design, testing and manufacturing of quantum-ready superconductors. SEEQC is a spin-out of HYPRES, the world’s leading developer of superconductor electronics. SEEQC’s team of executives and scientists have deep expertise and experience in commercial superconductive computing solutions and quantum computing. SEEQC is based in Elmsford, NY with facilities in London, UK and Naples, Italy.

Cailey Henderson
104 West Partners for SEEQC
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