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COPENHAGEN, Denmark--(BUSINESS WIRE)--Two pan-European projects have collaborated to bring zero emission hydrogen taxis and a new hydrogen refuelling station to the Danish capital city.


The ZEFER (Zero Emission taxi Fleets for European Rollout) and H2ME2 (Hydrogen Mobility Europe) projects, both funded by Europe’s Clean Hydrogen Partnership1, have deployed 100 hydrogen taxis in Copenhagen with app-based taxi company DRIVR. The Toyota Mirais run on green hydrogen from renewable energy, following the installation and opening of a new hydrogen refuelling station (HRS) in the city.

This latest deployment of taxis means the wider ZEFER project has achieved its full complement of 180 FCEVs in high-utilisation, captive fleets across Europe with deployments in three capital cities (Paris, London and Copenhagen). The taxi deployment in Copenhagen will complement 60 taxis previously deployed to Hype by STEP in Paris, and 60 other passenger cars in London deployed between private-hire firm Green Tomato Cars (50) and the Metropolitan Police (10).

To date the 120 vehicles operated under the ZEFER project have driven over 7 million kilometres fuelled only by hydrogen. This high mileage is achieved as the project deliberately targets the very long daily mileage applications which are most suitable to hydrogen vehicles. They have achieved this without major safety or reliability incidents and vehicle performance has been rated highly by drivers and fleet managers, with limited breakdowns or issues encountered relating directly to the hydrogen drivetrain.

The Danish government have targeted all taxis to be zero emission by 2030 and DRIVR won the public tender to deliver ad-hoc taxi services in the City of Copenhagen. The 100 new hydrogen taxis will complement DRIVR's existing low emission fleet, already comprising hybrid, electric and hydrogen vehicles.

“We are incredibly proud that DRIVR has been entrusted with the important task of helping the municipality of Copenhagen reach its environmental goals, and we’re very grateful for the cooperation with Toyota, which has enabled us to meet their needs with the new Toyota Mirai hydrogen cars.” said Haydar Shaiwandi, CEO DRIVR.

“While aiming to deploy its platform in 15 new cities by 2024, Hype believes that hydrogen is one of the most relevant solutions for intensive and random mobility and that the taxi market can play a key role in accelerating the adoption of hydrogen by professionals at scale. We are glad to see DRIVR ramping up the integration of hydrogen among its solutions. This demonstrates that, thanks to the support of programmes such as ZEFER, an increasing number of players are taking the hydrogen path. Early adopters will definitely have an advantage and leverage their experience moving forward.” said Mathieu Gardies, President of Hype.

- Ends -

Notes to Editor

About ZEFER

About H2ME


1 previously Fuel Cell and Hydrogen 2 Joint Undertaking (FCH2 JU)


Contacts

Declan Shepherd
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IQHQ’s inaugural ESG annual report highlights the company’s transformational vision for commercial life science real estate development by creating strategic, sustainable, and resilient districts where partners, employees, and communities thrive in a healthy, equitable, and innovative environment

SAN DIEGO & BOSTON--(BUSINESS WIRE)--IQHQ, Inc., a leading and sustainable life sciences real estate development company, today announced the launch of its inaugural ESG Annual Report, a comprehensive overview of the carbon mitigation goals for the company’s nearly 10 million square foot development portfolio. The report also outlines IQHQ’s vision for vibrant, innovative, and healthy workspaces for the company’s future partners and growing team, along with strategies to deliver diversity, equity, and inclusion (DEI). The report provides a blueprint of action on ESG priorities for the company: advancing a healthy, climate-resilient future; and social responsibility within the company to support their philanthropic pillars and surrounding communities.


We are proud to deliver our first ESG report – a framework of all that we have accomplished in the environmental stewardship, social responsibility, and ethical governance realm this year. In addition, this will serve as a blueprint of the critical responsibilities we will execute in the years ahead as a growing and thriving company and true leader when it comes to sustainable innovation ecosystems,” said Tracy Murphy, President and co-founder of IQHQ. “Bold ESG targets were non-negotiable when building our company – they are core to our mission – but they are also non-negotiable for our employees, partners, future collaborators, and host communities who demand best-in-class healthy, climate-resilient, equitable spaces, which is exactly what we’ll deliver.”

IQHQ’s 2021 ESG Annual Report provides details in the following areas:

Environmental Sustainability and Stewardship

As a commercial real estate developer, IQHQ has an absolute responsibility to provide a positive environmental impact and carbon neutral portfolio. This report highlights stringent environmental corporate policies along with sustainable design and construction guidelines with green building certification requirements to ensure that all buildings achieve certifications such as LEED (Leadership in Energy & Environmental Design) Gold Certification, in addition to pursuing healthy building certifications such as Fitwel and WELL Building Certification. To mitigate tenant exposure of COVID-19 or other viruses, IQHQ pursued the Fitwel Viral Response Module entity certification to set policies and procedures that mitigate viral transmission in buildings. The company incorporates sustainable design and construction guidelines into tenant lease agreements to address sustainability and efficiency for all tenant spaces. For all new development or re-development sites, the company pursues an environmental assessment and performs environmental remediation where necessary. IQHQ is a Biden Administration Real Estate Partner for Climate Commitments.

Diversity, Equity, and Inclusion

Shaping a diverse, inclusive, and equitable culture for employees and partners is paramount as IQHQ grows and thrives. It is for that reason that IQHQ is fully committed to a non-discriminatory and inclusive culture by providing equal opportunity for employment and advancement in all departments, programs, and worksites. IQHQ pledges to model diversity and inclusion for the company and its partners and to maintain an inclusive and equitable environment. IQHQ is building a different type of culture, one where all employees – whatever their gender, race, ethnicity, national origin, age, sexual orientation or identity, education, or disability – feel valued, respected, and heard. The company’s DEI goals and metrics are fully aligned with the JUST label requirements, administered by the International Living Future Institute.

Corporate Social Responsibility & Governance

IQHQ seeks to empower the communities that the company serves to be equitable and inclusive centers of innovation through their impact-driven philanthropic initiatives. As part of the Corporate Social Responsibility platform, the company has developed IQHQ Impact, a program which allows them to curate and define philanthropic priorities and invigorate company culture. IQHQ encourages its employees to donate their time through volunteer efforts and to engage in activities outside work that are rewarding and benefit their communities by providing paid volunteer time off and employee match contributions for volunteering with non-profit organizations. The company believes strong governance is the key to implementing robust policies and programs that ensure accountability and fiscal responsibility. The IQHQ corporate governance policies combined with committees and oversight are at the forefront of its business practices to bolster transparency and ensure accountability to its Board and stakeholders at large.

At IQHQ, we have a vested interest in making a positive long-term impact on our properties and the communities in which we are located,” said Jenny Whitson, Director of Sustainability & ESG for IQHQ. “The public rollout of this report makes a clear commitment and plan to achieve our ESG goals and mission to sustainably develop premier life science districts for our stakeholders, building occupants, and visitors. This report is just the beginning for IQHQ – we strive to consistently push the boundaries of sustainable innovation and ESG initiatives that support our mission to achieve transformational development in each project we undertake.”

Click the link to view the full IQHQ 2021 ESG Annual Report.

About IQHQ

IQHQ is giving progress a home, empowering the life science community to thrive and succeed by creating and developing districts that inspire innovation and drive progress and growth. IQHQ’s focus is to acquire, develop, and operate sustainable life science districts in the innovation hubs of San Francisco, San Diego, and Boston in the United States, and the Golden Triangle in the United Kingdom. IQHQ has offices in San Diego and Boston. To learn more, visit iqhqreit.com or follow us on LinkedIn or Instagram.

IQHQ’s Sustainability and CSR Commitments

As pioneers in developing innovative life science districts, IQHQ is partnering with the life science community to develop purpose-driven real estate solutions that inspire continuous progress. IQHQ is raising the bar in the commercial real estate and life sciences industries through continuous improvement and innovation, which integrates seamlessly with the tenets of sustainability, energy efficiency, and ESG excellence. In the company’s inaugural and industry-leading Environmental, Social, and Governance (ESG) Report, IQHQ highlights the company’s commitment to implement ESG initiatives in all aspects of development, asset management, corporate leadership, hiring practices, and investments.

IQHQ is committed to promoting sustainable development and high-performance operational practices. The company’s social initiatives are focused on creating a healthy, inclusive, and diverse culture. IQHQ’s governance initiatives hold the company to high standards to create accountability and prioritize fiscal responsibility. To find out more about IQHQ’s ESG commitments, visit iqhqreit.com/esg.


Contacts

Media:
For IQHQ
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Travis Small
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DUBLIN--(BUSINESS WIRE)--The "Group II & III Base Oil Market - Global Outlook & Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.


The global group II & III base oil market is expected to reach USD 29.8 billion by 2027, growing at a CAGR of 6.7%.

The report considers the present scenario of the group II & III base oil market and its market dynamics for 2022-2027. It covers a detailed overview of several market growth enablers, restraints, and trends. The study covers both the demand and supply sides of the market. It also profiles and analyses leading companies and several other prominent companies operating in the market.

KEY HIGHLIGHTS

Globally, the market for group II & III base oil is intensifying due to the need for low sulfur content, low viscosity, and a higher saturation of chemical bonds that are effective in meeting the current market trends of reducing carbon footprint and improving fuel economy.

In addition, stringent vehicle emission standards and high demand for lubricants are fuelling the market growth in recent years.

API group II base oil is in a dominant phase while group III base oil is in the evolving phase and is primarily used in high-performance engines.

GLOBAL GROUP II & III BASE OIL MARKET SEGMENTATION

From the technology perspective, hydrocracking is the dominant market segment.

From the application perspective, automotive oil is the dominant segment as it consumes the major chunk of group II & III base oil, followed by industrial oil, process oil, and others.

GEOGRAPHICAL ANALYSIS

By 2027, APAC is expected to surpass North America in terms of group II & III base oil product revenue to become the leading group II & III base oil market globally. The market in APAC is predicted to witness the fastest growth during the forecast period with a CAGR of 7.47%, generating additional revenue of $5,778.03 million by 2027.

In APAC, China, India, and Japan are the major consumers of group II & III base oil. Increasing GDP along with the growth of the automotive & transportation industry, and power generation activities has increased the demand for group II & III base oil.

VENDOR LANDSCAPE

The international players have been adopting an inorganic strategy to expand their footprint in the global market. It primarily involves mergers and acquisitions, expansion, and launching innovative products to strengthen their market position which significantly induces competition in the market.

Mergers and acquisitions primarily benefit the companies by enabling better access to raw materials, production and distribution facilities, and R&D capabilities.

Key Vendors

  • Chevron Corporation
  • Exxon Mobil Corporation
  • Hyundai and Shell Base Oil Co.
  • Petro-Canada Lubricant
  • Saudi Arabian Oil Co.

Other Prominent Vendors

  • Asian Oil Company
  • Abu Dhabi National Oil Company
  • Chandri Wax Specialties Private Limited
  • Dodge
  • GS Caltex
  • Hindustan Petroleum Corporation Limited (HPCL)
  • HollyFrontier Corporation
  • Mehta Petro Refineries Ltd
  • Petroyag
  • Resolute Oil
  • Repsol
  • SBZ Corporation
  • Sinopec
  • Shandong Qingyuan Group Co.
  • Vertex Energy Inc

Key Topics Covered:

1 Research Methodology

2 Research Objectives

3 Research Process

4 Scope & Coverage

4.1 Market Definition

4.2 Base Year

4.3 Scope of the Study

5 Report Assumptions & Caveats

5.1 Key Caveats

5.2 Currency Conversion

5.3 Market Derivation

6 Market at a Glance

7 Introduction

7.1 Overview

7.2 Supply Chain Analysis

7.2.1 Crude Oil Refining/Manufacturing

7.2.2 Suppliers/ Distributors

7.2.3 Applications

7.3 Regulations & Standards

7.4 Impact of Covid-19

7.4.1 Supply Side

7.4.2 Demand Side

8 Frequently Asked Questions

8.1 How Will the Group Ii & Iii Base Oil Market Perform in the Coming Years?

8.2 What Are the Major Factors Driving the Demand for Group II & III Base Oil?

8.3 Which is the Most Profitable and Preferred Group I & II Base Oil Technology?

8.4 Which Application Segment Generates the Highest Revenue for the Group II & III Base Oil Market

8.5 Which is the Fastest-Growing Region for Group I & II Base Oil?

8.6 Which Are the Major Players Operating in the Group II & III Base Oil Market?

9 Growth Opportunity

9.1 Technology

9.2 Application

9.3 Geography

10 Market Opportunities & Trends

10.1 Increasing Demand for Imo-Compliant Marine Fuel

10.2 Increasing Group Ii & Iii Refining Capacity

11 Market Growth Enablers

11.1 Increasing Demand for Bio-Based Lubricants

11.2 Increased Use of Premium Base Oil in Apac

11.3 Increasing Disposable Income

12 Market Restraints

12.1 Electric Vehicles Hampering Growth of Conventional Lubricants

12.2 Volatility in Crude Oil Prices

13 Market Landscape

13.1 Market Overview

13.2 Market Size & Forecast

13.2.1 Volume and Value

13.3 Five Forces Analysis

14 Technology

14.1 Market Snapshot & Growth Engine

14.2 Market Overview

14.3 Catalytic Dewaxing

14.4 Hydrocracking

14.5 Hydrotreating

14.6 Others

15 Application

15.1 Market Snapshot & Growth Engine

15.2 Market Overview

15.3 Automotive Oil

15.4 Industrial Oil

15.5 Process Oil

15.6 Others

16 Geography

16.1 Market Snapshot & Growth Engine (Value)

16.2 Market Snapshot & Growth Engine (Volume)

16.3 Geographic Overview

For more information about this report visit https://www.researchandmarkets.com/r/bylqj7


Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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Milestone achieved at flagship Ashley, Indiana Plastics Renewal Facility

SAN FRANCISCO--(BUSINESS WIRE)--Brightmark LLC, the global waste solutions provider, today announced it has achieved the milestone of recycling four million pounds of plastic waste. This waste, which includes all forms of plastics types 1-7, has been successfully recycled at the company's flagship plastics renewal facility in Ashley, Indiana, and converted into valuable products, creating a closed loop, circular economy.


Brightmark’s breakthrough closed loop solution has the unique ability to recycle all types of plastic waste that has reached the end of its useful life. This waste includes single-use plastics such as beverage bottles, food packaging, plastic bags, straws and coffee stirrers – as well as the difficult to recycle plastic types 3-7, such as plastic film, flexible packaging, styrofoam, coffee K-Cups, car seats and children’s toys, which are not currently recycled at scale.

In achieving this milestone, Brightmark has recycled 4,000 children's car seats, 60,000 pounds of boat wrap, 6,000 pounds of plastics recovered from the ocean, 200,000 yogurt cups, and a variety of other non-single use plastics that are likely to otherwise end up incinerated in landfills or as litter in the natural environment, where it will sit for thousands of years.

A staggering 91% of all plastic products do not get recycled. Post-use plastics end up choking waterways, harming vulnerable ecosystems, and often can even end up in our bodies in the form of microplastics. Brightmark’s first-of-its- plastics renewal facility is creating circular solutions to waste, drastically reducing the negative impacts of plastic waste and production. When fully operational in the second half of 2022, Brightmark's Ashley, Indiana plastics renewal facility will be capable of recycling 200 million pounds of plastics per year. Scaling Brightmark’s technology in the U.S. and globally is critical for avoiding projections that by 2050, there will be more plastic in the ocean than fish by weight, as reported by the World Economic Forum.

"Achieving this milestone is a great way for Brightmark to celebrate Earth Day as we advance our mission to ‘Reimagine Waste’," said Bob Powell, Brightmark Founder and Chief Executive Officer. "While four million pounds is no small feat, it represents a drop in the bucket as it pertains to the plastic waste crisis our planet faces. By deploying innovative, circular solutions Brightmark is ushering in a new era of pragmatic environmentalism to end plastic waste.”

In November 2021, Brightmark announced that a life cycle analysis of its plastics renewal technology has revealed that its proprietary, pyrolysis-based process produces 39%-139% fewer greenhouse gas emissions than equivalent products made from virgin materials. The data collection was conducted by the Georgia Institute of Technology with analysis by Environmental Clarity, Inc.

The life cycle analysis revealed that plastics renewal provides 82% energy use savings, 46% water use savings, and a 39%-139% reduction in carbon footprint. The technology’s carbon footprint benefit was further found to be directly correlated to the extent which a given country relied on incineration as a waste disposal method: In Europe, where 50% of plastics are incinerated, plastics renewal’s carbon footprint improvement jumps to 139% compared to equivalent virgin products.

ABOUT BRIGHTMARK
Brightmark LLC is a global waste solutions company with a mission to reimagine waste. The company takes a holistic, closed loop, circular economy approach to tackling the planet’s most pressing environmental challenges with imagination and optimism for the future. Through the deployment of disruptive, breakthrough waste-to-energy solutions focused on plastics renewal (plastic-to-plastic) and renewable natural gas (organic waste-to-fuel), Brightmark enables programs specifically tailored to environmental needs in order to build scalable project solutions that have a positive impact on the world and communities in which its stakeholders live and work. For more information, visit www.brightmark.com.


Contacts

Media:
Cory Ziskind
ICR
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646-277-1232

Milestone Strategic Partnership to Create a Closed-Loop Ecosystem for Key Materials in the Lithium-ion Battery Supply Chain in North America

LG Energy Solution and LG Chem Officially Recognize Li-Cycle as their Preferred Lithium-ion Battery Recycling Partner in North America; Continuing to Jointly Explore Additional Opportunities Globally

Li-Cycle to Supply LG Chem and LG Energy Solution with 20,000 Tonnes of Nickel over 10 Years, Enough to Power Approximately 300,000 High-Performing EVs

LG Energy Solution to Provide Li-Cycle Nickel-bearing Battery Manufacturing Scrap for Recycling over 10 Years

LG Chem and LG Energy Solution to Proceed with Investment in Li-Cycle Common Shares

TORONTO--(BUSINESS WIRE)--Li-Cycle Holdings Corp. (NYSE: LICY) (“Li-Cycle” or the “Company”), an industry leader in lithium-ion battery resource recovery and the leading lithium-ion battery recycler in North America, today announced that it has completed commercial agreements with LG Energy Solution, Ltd. (LGES; KRX: 373220) for the supply of manufacturing scrap for recycling and with each of LGES and LG Chem, Ltd. (“LGC”) for the sale of nickel sulphate from Li-Cycle’s Rochester Hub. With the execution of these agreements, LGC and LGES will now proceed to close the previously announced $50 million investment to purchase common shares (“Common Shares”) of Li-Cycle.



LGC, LGES and Li-Cycle held a signing ceremony on Thursday, April 21, marking the completion of the commercial agreements. In connection with the commercial arrangements, LGES and LGC have officially recognized Li-Cycle as their preferred lithium-ion battery recycling partner in North America. LGES, LGC and Li-Cycle continue to explore additional opportunities globally.

“We’re thrilled to advance our collaboration with LGC and LGES, two global industry leaders in the EV supply chain,” said Ajay Kochhar, co-founder and Chief Executive Officer of Li-Cycle. “Together, we are driving sustainable global electrification through the creation of this milestone closed-loop ecosystem in the lithium-ion battery supply chain.”

Li-Cycle, LGC, and LGES have entered into these strategic arrangements to help support the growing global market demand for lithium-ion batteries and their critical materials. The partnership will enable a closed-loop ecosystem for LGC and LGES for key materials in the lithium-ion battery supply chain and will provide further capital to Li-Cycle for its continued global expansion.

Completion of Commercial Agreements

Nickel is a key component for the production of lithium-ion batteries. Through a North America Scrap 10-year Offer Agreement, Li-Cycle will have the opportunity to recycle nickel-bearing lithium-ion battery scrap and other lithium-ion battery material from LGES’s North America manufacturing sites. Additionally, under 10-year Nickel Sulphate Off-Take Agreements with each of LGC and LGES, Li-Cycle will sell a combined initial allocation of 20,000 tonnes of nickel contained in nickel sulphate produced at Li-Cycle’s Hub facility currently under construction in Rochester, New York to LGC and LGES, through its off-take partner, Traxys North America LLC. Li-Cycle estimates that the nickel sulphate to be sold to LGC and LGES under these arrangements will be enough to produce lithium-ion batteries that can power approximately 300,000 high-performing EVs.

Execution of Investment in Li-Cycle Common Shares

Under the terms of the Subscription Agreements with LGC and LGES previously announced on December 14, 2021, and as amended and restated on April 21, 2022, LGC and LGES will each subscribe for an equal number of Common Shares of Li-Cycle, for an aggregate investment in the Company of $50 million (the “Investment”). The Investment will be split into two tranches: (i) an initial tranche of 4,416,960 Common Shares, in the aggregate, at a price of $10.00 per share (for an aggregate initial tranche subscription of approximately $44.2 million), and (ii) a second tranche of Common Shares having an aggregate value of approximately $5.8 million, based on the volume-weighted average trading price of Li-Cycle’s Common Shares for the 5-trading days ending immediately prior to April 29, 2022. The Investment is expected to be completed in full by May 13, 2022.

Additional information regarding this announcement may be found in a Form 6-K that will be filed with the U.S. Securities and Exchange Commission and the Ontario Securities Commission.

About Li-Cycle Holdings Corp.

Li-Cycle (NYSE: LICY) is on a mission to leverage its innovative Spoke & Hub Technologies™ to provide a customer-centric, end-of-life solution for lithium-ion batteries, while creating a secondary supply of critical battery materials. Lithium-ion rechargeable batteries are increasingly powering our world in automotive, energy storage, consumer electronics, and other industrial and household applications. The world needs improved technology and supply chain innovations to better manage battery manufacturing waste and end-of-life batteries and to meet the rapidly growing demand for critical and scarce battery-grade raw materials through a closed-loop solution. For more information, visit https://li-cycle.com/.

About LG Chem

LG Chem is a leading global chemical company with a diversified business portfolio in the key areas of petrochemicals, advanced materials, and life sciences. The company manufactures a wide range of products from high-value added petrochemicals to renewable plastics, specializing in cutting-edge electronic and battery materials, as well as drugs and vaccines to deliver differentiated solutions for its customers. LG Chem is committed to reaching carbon-neutral growth by 2030 and net-zero emissions by 2050 by managing the impacts of climate change and making positive contributions to society through renewable energy and responsible supply chains. Headquartered in Seoul, Korea, LG Chem has multiple operation sites worldwide and generated KRW 42.7 trillion (USD 37.3 billion) in sales in 2021. For more information, please visit www.lgchem.com.

About LG Energy Solution

LG Energy Solution (KRX: 373220) is a global leader delivering advanced lithium-ion batteries for Electric Vehicles (EV), Mobility & IT applications, and Energy Storage Systems (ESS). With 30 years of experience in advanced battery technology, it continues to grow rapidly towards the realization of sustainable life. With its robust global network that spans the US, Europe, Asia, and Australia, LG Energy Solution is more committed than ever to developing innovative technologies that will bring the future energy a step closer. Under its ESG vision "We CHARGE toward a better future," LG Energy Solution is doing its utmost to prioritize environment, fulfil social responsibilities and shape sustainable future. For more information, please visit https://www.lgensol.com.

Forward-Looking Statements

Certain statements contained in this communication may be considered “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, Section 27A of the U.S. Securities Act of 1933, as amended, Section 21 of the U.S. Securities Exchange Act of 1934, as amended, and applicable Canadian securities laws. Forward-looking statements may generally be identified by the use of words such as “will”, “continue”, “anticipate”, “expect”, “estimate”, “potential”, “future”, “target” or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters, although not all forward-looking statements contain such identifying words. Forward-looking statements in this press release include, for example, statements about the expected closing of the subscription for Common Shares by LGC and LGES, the future financial performance of Li-Cycle and the anticipated benefits from the proposed collaboration with LGC and LGES, the growing global market demand for lithium-ion batteries and their raw material; the future financial performance of Li-Cycle and the development of the Rochester Hub. These statements are based on various assumptions, whether or not identified in this communication, which Li-Cycle believe are reasonable in the circumstances. There can be no assurance that such estimates or assumptions will prove to be correct and, as a result, actual results or events may differ materially from expectations expressed in or implied by the forward-looking statements.

These forward-looking statements are provided for the purpose of assisting readers in understanding certain key elements of Li-Cycle’s current objectives, goals, targets, strategic priorities, expectations and plans, and in obtaining a better understanding of Li-Cycle’s business and anticipated operating environment. Readers are cautioned that such information may not be appropriate for other purposes and is not intended to serve as, and must not be relied on, by any investor as a guarantee, an assurance, a prediction or a definitive statement of fact or probability.

Forward-looking statements involve inherent risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of Li-Cycle, and are not guarantees of future performance. Li-Cycle believes that these risks and uncertainties include, but are not limited to, the following: Li-Cycle’s inability to economically and efficiently source, recover and recycle lithium-ion batteries and lithium-ion battery manufacturing scrap, as well as third party black mass, and to meet the market demand for an environmentally sound, closed-loop solution for manufacturing waste and end-of-life lithium-ion batteries; Li-Cycle’s inability to successfully implement its global growth strategy, on a timely basis or at all; Li-Cycle’s inability to manage future global growth effectively; Li-Cycle’s inability to develop the Rochester Hub and its Spoke capital projects in a timely manner or on budget, or that those capital projects will not meet expectations with respect to their productivity or the specifications of their end products; Li-Cycle’s failure to materially increase recycling capacity and efficiency; Li-Cycle may engage in strategic transactions, including acquisitions, that could disrupt its business, cause dilution to its shareholders, reduce its financial resources, result in incurrence of debt, or prove not to be successful; risks related to international expansion; one or more of Li-Cycle’s current or future facilities becoming inoperative, capacity constrained or if its operations are disrupted; additional funds required to meet Li-Cycle’s capital requirements in the future not being available to Li-Cycle on commercially reasonable terms or at all when it needs them; Li-Cycle expects to incur significant expenses and may not achieve or sustain profitability; problems with the handling of lithium-ion battery cells that result in less usage of lithium-ion batteries or affect Li-Cycle’s operations; Li-Cycle’s inability to maintain and increase feedstock supply commitments as well as securing new customers and off-take agreements; a decline in the adoption rate of EVs, or a decline in the support by governments for “green” energy technologies; decreases in benchmark prices for the metals contained in Li-Cycle’s products; changes in the volume or composition of feedstock materials processed at Li-Cycle’s facilities; the development of an alternative chemical make-up of lithium-ion batteries or battery alternatives; Li-Cycle’s revenues for the Rochester Hub are derived significantly from a single customer; Li-Cycle’s insurance may not cover all liabilities and damages; Li-Cycle’s heavy reliance on the experience and expertise of its management; Li-Cycle’s reliance on third-party consultants for its regulatory compliance; Li-Cycle’s inability to complete its recycling processes as quickly as customers may require; Li-Cycle being subject to the risk of litigation or regulatory proceedings; Li-Cycle’s inability to compete successfully; increases in income tax rates, changes in income tax laws or disagreements with tax authorities; significant variance in Li-Cycle’s operating and financial results from period to period due to fluctuations in its operating costs and other factors; fluctuations in foreign currency exchange rates which could result in declines in reported sales and net earnings; unfavourable economic conditions, such as consequences of the global COVID-19 pandemic; natural disasters, unusually adverse weather, epidemic or pandemic outbreaks, cyber incidents, boycotts and geo-political events; failure to protect or enforce Li-Cycle’s intellectual property; Li-Cycle may be subject to intellectual property rights claims by third parties; Li-Cycle’s failure to effectively remediate the material weaknesses in its internal control over financial reporting that it has identified or if it fails to develop and maintain a proper and effective internal control over financial reporting. These and other risks and uncertainties related to Li-Cycle’s business are described in greater detail in the section entitled "Risk Factors" in its Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission and the Ontario Securities Commission in Canada on January 31, 2022. Because of these risks, uncertainties and assumptions, readers should not place undue reliance on these forward-looking statements. Actual results could differ materially from those contained in any forward-looking statement.


Contacts

Li-Cycle Holdings Corp.

Investor Relations
Nahla A. Azmy
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Press
Sarah Miller
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LG Chem
Sangkyu Choi
Communications Team / LG Chem
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+82 2 3773 7869

LG Energy Solution
Ashlee Shin
Global Communications Team / LG Energy Solution
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+82 2 3773 4381

Project to enhance understanding of emissions associated with the operation of assets delivering to Cheniere LNG facilities

HOUSTON--(BUSINESS WIRE)--Kinder Morgan, Inc. (NYSE: KMI) today announced that it has joined a collaboration with Cheniere Energy, Inc. (NYSE: LNG), several other midstream operators, methane detection technology providers and leading academic institutions on a project focused on quantifying, monitoring, reporting and verifying (QMRV) greenhouse gas (GHG) emissions associated with the operation of natural gas gathering, processing, transmission, and storage systems. The work is intended to improve the overall understanding of GHG emissions and further the deployment of advanced monitoring technologies and protocols.

The midstream QMRV work will be conducted by global emissions researchers from Colorado State University and the University of Texas. The measurement protocol designed by the research group and Cheniere will be field-tested at facilities operated by the participating midstream companies. KMI assets involved in this project include select pipeline segments and compressor stations on the Tennessee Gas Pipeline (TGP), Kinder Morgan Louisiana Pipeline (KMLP) and Natural Gas Pipeline of America (NGPL) systems.

“We are excited to be participating in this project and have enrolled selected assets across multiple pipelines that deliver natural gas to Cheniere’s Sabine Pass and Corpus Christi LNG facilities,” said KMI’s Interstate Natural Gas President Kimberly Watson. “We believe our collaboration in this project further demonstrates our dedication to better understanding the GHG emissions from our facilities and supporting the needs of our customers.”

“Collaboration with our midstream partners is a vital part of Cheniere’s efforts to measure and verify our emissions and look for opportunities for reductions across our value chain,” said Scott Culberson, Cheniere’s Senior Vice President of Gas Supply. “KMI is a critical teammate in this effort to provide cleaner sources of energy around the world, and their leadership will help to improve the environmental performance of U.S. natural gas and LNG.”

“Emissions quantification requires scientifically rigorous methods that are unique to each segment of the industry. This first-of-its-kind R&D project will investigate emissions performance at multiple midstream facilities not just by short-duration spot checks, but over several months, employing multiple monitoring technologies at multiple scales,” said Dan Zimmerle, the principal investigator on the project from Colorado State University who also serves as the Director of the school’s Methane Emissions Program.

“It is vital for both public policy and science that we have empirically driven measurement protocols, and importantly the complex and voluminous data collected is independently analyzed and verified by the scientific community,” said Dr. Arvind Ravikumar, professor in the Petroleum and Geosystems Engineering department at the University of Texas at Austin.

About Kinder Morgan, Inc.

Kinder Morgan, Inc. (NYSE: KMI) is one of the largest energy infrastructure companies in North America. Access to reliable, affordable energy is a critical component for improving lives around the world. We are committed to providing energy transportation and storage services in a safe, efficient and environmentally responsible manner for the benefit of the people, communities and businesses we serve. We own an interest in or operate approximately 83,000 miles of pipelines, 141 terminals, and 700 billion cubic feet of working natural gas storage capacity. Our pipelines transport natural gas, refined petroleum products, crude oil, condensate, CO2 and other products, and our terminals store and handle various commodities including gasoline, diesel fuel, chemicals, ethanol, metals and petroleum coke. Learn more about our renewables initiatives on the low carbon solutions page at www.kindermorgan.com.

Important Information Relating to Forward-Looking Statements

This news release includes forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 and Section 21E of the Securities and Exchange Act of 1934. Generally the words “expects,” “believes,” anticipates,” “plans,” “will,” “shall,” “estimates,” and similar expressions identify forward-looking statements, which are not historical in nature. Forward-looking statements in this news release include express or implied statements concerning the anticipated timing, capacities and benefits of the planned QMRV project. Forward-looking statements are subject to risks and uncertainties and are based on the beliefs and assumptions of management, based on information currently available to them. Although KMI believes that these forward-looking statements are based on reasonable assumptions, it can give no assurance as to when or if any such forward-looking statements will materialize or their ultimate impact on KMI’s operations or financial condition. Important factors that could cause actual results to differ materially from those expressed in or implied by these forward-looking statements include the risks and uncertainties described in KMI’s reports filed with the Securities and Exchange Commission (SEC), including its Annual Report on Form 10-K for the year-ended December 31, 2021 (under the headings “Risk Factors” and “Information Regarding Forward-Looking Statements” and elsewhere) and its subsequent reports, which are available through the SEC’s EDGAR system at www.sec.gov and on KMI’s website at ir.kindermorgan.com.


Contacts

Katherine Hill
Media Relations
(713) 469-9176
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Investor Relations
(800) 348-7320
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www.kindermorgan.com

LONDON--(BUSINESS WIRE)--#GridbeyondAustralia--GridBeyond, the world’s leading technology player for managing distributed and flexible energy resources is expanding its geographic reach to provide services to Australia.


GridBeyond will provide AI-powered demand response, virtual power plant (VPP) services and generation and storage asset optimisation across Australia’s National Electricity Market. Using artificial intelligence and data science, the company’s technology solution will allow its C&I customers to participate both in grid services for balancing the grid and in wholesale markets through their energy generation, storage and industrial load. Combining solvers, market access, and automatic trading in one place this empowers C&I businesses, EV fleet operators, generators, and energy storage operators to maximise revenues and savings.

GridBeyond Senior Business Development Manager Diogo Cabral said:

“Australia is a market with very strong fundamentals for the long-term success of demand flexibility services where electricity consumers value highly any services that protect them against market prices’ high volatility creating increased cost savings and additional revenues through optimisation tools and robotic trading and by optimising the combination of different types of assets they have (solar, storage, demand assets); and/or by simply running consumption profiles’ optimisations through AI and by participating in attractive grid services like the FCAS (frequency response) market.

“At the moment with the increasing number of extreme weather events per year, there is a strong political shift away from fossil fuels and towards renewable energy, which strengthens the business case for demand flexibility in Australia. With the help of GridBeyond, C&I businesses can become a strong support in providing valuable grid services through demand response, to allow the continuous and sustainable growth of renewable energy and support the country towards its net zero targets.”

Following successful operations in the UK, Ireland, USA, and Japan, from April 2022, the company’s globally recognised and award-winning technology platform will be available for businesses in Australia’s National Electricity Market.

GridBeyond, already delivers distributed and flexible energy resources management, energy trading, price and energy optimisation, enhanced savings, strengthened operations and sustainability to over 400 sites worldwide, including some of the planet’s best-loved brands.

GridBeyond CEO Michael Phelan said:

“The entry of GridBeyond in the Australian Energy Market is further recognition of GridBeyond’s energy expertise. Operating in the VPP & DERMS market that is planned to grow at a CAGR of 20% by 2026, GridBeyond is strongly positioned to continue the significant growth we have seen and to continue to support businesses, asset owners and grid operators throughout the transition to a net zero future and beyond. The FCAS (frequency response) market in Australia is very similar to the ones we manage in Ireland, so we are bringing unparalleled expertise to Australian businesses to manage their flexible energy resources and co-optimise them with wholesale trading. Our microgrid controls that integrate EVs are also a good fit for Australia’s energy market need.”

-End-


Contacts

Gabriella Di Salvo
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t: 07918 359693

HOUSTON--(BUSINESS WIRE)--Today Western Midstream Partners, LP (NYSE: WES) (“WES” or the “Partnership”) announced that the board of directors of its general partner declared a quarterly cash distribution of $0.50 per unit for the first quarter of 2022. This distribution represents a 53-percent increase over the prior quarter’s distribution and is consistent with the partnership’s previously disclosed annualized regular quarterly distribution (“Base Distribution”) target of $2.00 per unit. WES’s first-quarter 2022 distribution is payable May 13, 2022, to unitholders of record at the close of business on May 2, 2022.


The Partnership plans to report its first-quarter 2022 results after market close on Tuesday, May 10, 2022. Management will host a conference call on Wednesday, May 11, 2022, at 2 p.m. CDT (3 p.m. EDT) to discuss the Partnership’s quarterly results. The full text of the release announcing the results will be available on the Partnership’s website at www.westernmidstream.com.

First-Quarter 2022 Results
Wednesday, May 11, 2022
2 p.m. CDT (3 p.m. EDT)
Dial-in number: 844-200-6205
International dial-in number: 929-526-1599
Participant access code: 131945

To participate in WES’s scheduled first-quarter 2022 earnings call, refer to the above-listed dial-in number and participant access code. To access the live audio webcast of the conference call, please visit the investor relations section of the Partnership’s website at www.westernmidstream.com. A replay of the conference call also will be available on the website following the call.

ABOUT WESTERN MIDSTREAM

Western Midstream Partners, LP (“WES”) is a Delaware master limited partnership formed to acquire, own, develop, and operate midstream assets. With midstream assets located in the Rocky Mountains, North-central Pennsylvania, Texas, and New Mexico, WES is engaged in the business of gathering, compressing, treating, processing, and transporting natural gas; gathering, stabilizing, and transporting condensate, NGLs, and crude oil; and gathering and disposing of produced water for its customers. In addition, in its capacity as a processor of natural gas, WES also buys and sells natural gas, NGLs, and condensate on behalf of itself and as an agent for its customers under certain of its contracts.

For more information about Western Midstream Partners, LP and Western Midstream Flash Feed updates, please visit www.westernmidstream.com.

This news release contains forward-looking statements. WES and its general partner believe that their expectations are based on reasonable assumptions. No assurance, however, can be given that such expectations will prove to have been correct. A number of factors could cause actual results to differ materially from the projections, anticipated results or other expectations expressed in this news release. These factors include our ability to meet distribution expectations and financial guidance; the timeline for a full recovery in commodity demand and prices; our ability to safely and efficiently operate WES’s assets; the supply of, demand for, and price of oil, natural gas, NGLs, and related products or services; our ability to meet projected in-service dates for capital-growth projects; construction costs or capital expenditures exceeding estimated or budgeted costs or expenditures; and the other factors described in the “Risk Factors” section of WES’s most-recent Form 10-K and Form 10-Q filed with the Securities and Exchange Commission and other public filings and press releases. WES undertakes no obligation to publicly update or revise any forward-looking statements.

Note regarding Non-United States Investors: This release is intended to be a qualified notice under Treasury Regulation Section 1.1446-4(b). Brokers and nominees should treat one hundred percent (100.0%) of Western Midstream Partners, LP’s distributions to non-U.S. investors as being attributable to income that is effectively connected with a United States trade or business. Accordingly, Western Midstream Partners, LP’s distributions to non-U.S. investors are subject to federal income tax withholding at the highest applicable effective tax rate.


Contacts

WESTERN MIDSTREAM CONTACTS

Kristen Shults
Senior Vice President, Finance and Sustainability
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832.636.1009

Daniel Jenkins
Director, Investor Relations
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832.636.1009

Shelby Keltner
Manager, Investor Relations
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832.636.1009

BARCELONA, Spain--(BUSINESS WIRE)--Wallbox (NYSE: WBX), a leading provider of electric vehicle (EV) charging and energy management solutions worldwide, today announced that it will release its financial results for the first quarter of 2022 before market open on Wednesday, May 11, 2022. The company will host a conference call at 8:00 AM ET (2:00 PM CET), to discuss these results and provide a business update. The prepared remarks by Enric Asunción, co-founder and chief executive officer, and Jordi Lainz, chief financial officer, will be followed by a question and answer session.


Please visit this link, which is also accessible on the ‘Events & Presentations’ section of the company’s investor relations website, investors.wallbox.com, to register for and join the webcast. A replay of the webcast following the event and the accompanying presentation materials will be accessible through the same link and available for future download.

About Wallbox

Wallbox is a global technology company, dedicated to changing the way the world uses energy. Wallbox creates advanced electric vehicle charging and energy management systems that redefine users' relationship to the grid. Wallbox goes beyond electric vehicle charging to give users the power to control their consumption, save money, and live more sustainably. Wallbox offers a complete portfolio of charging and energy management solutions for residential, semi-public and public use in more than 90 countries. Founded in 2015 and headquartered in Barcelona, the company now employs over 900 people in its offices in Europe, Asia, and the Americas. For additional information, please visit www.wallbox.com.

Wallbox Forward Looking Statements

This press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including, without limitation, statements regarding the timing of the release of the financial results and conference call. In some cases, you can identify forward-looking statements by terminology such as “anticipate,” “believe,” “may,” “can,” “should,” “could,” “might,” “plan,” “possible,” “project,” “strive,” “budget,” “forecast,” “expect,” “intend,” “will,” “estimate,” “predict,” “potential,” “continue” or the negatives of these terms or variations of them or similar terminology, but the absence of these words does not mean that statement is not forward-looking. Such forward-looking statements are subject to risks, uncertainties, and other factors which could cause actual results to differ materially from those expressed or implied by such forward looking statements, including those discussed under the caption “Risk Factors” in Wallbox’s final prospectus on Form 424(b)(3) filed with the SEC on November 12, 2021, as such factors may be updated from time to time in its other filings with the SEC, accessible on the SEC’s website at www.sec.gov and the Investors Relations section of Wallbox’s website at investors.wallbox.com. These and other important factors could cause actual results to differ materially from those indicated by the forward-looking statements made in this press release. Any forward-looking statement that Wallbox makes in this press release speaks only as of the date of such statement. Except as required by law, Wallbox disclaims any obligation to update or revise, or to publicly announce any update or revision to, any of the forward-looking statements, whether as a result of new information, future events or otherwise.


Contacts

Wallbox Public Relations Contact:
Elyce Behrsin
Public Relations
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+34 622 513 358

Wallbox Investor Contact:
Matt Tractenberg
VP, Investor Relations
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+1 404-574-1504

DALLAS--(BUSINESS WIRE)--Cardinal Midstream Partners (“Cardinal”), a newly-formed independent midstream company based in Dallas, announced today it has secured an initial capital commitment of $300 million from EnCap Flatrock Midstream (“EnCap Flatrock”). Led by a team of industry veterans with a proven track record of success and value creation, Cardinal will pursue acquisition and development opportunities in prolific basins across North America with a focus on natural gas gathering and processing as well as congruent carbon capture and sequestration.


The Cardinal leadership team includes four founders: Chief Executive Officer Doug Dormer; Chief Financial Officer Douglas Gale; Chief Commercial Officer Justin Garrity; and Chief Operating Officer Clayton Hewett. With more than 80 years of combined experience in the energy industry, the founders each have built notable careers creating, managing, constructing, and operating successful midstream businesses through full life cycle.

CEO Perspective

“EnCap Flatrock has been a trusted and valued partner to me for over a decade and I am excited to continue as we work together to grow Cardinal Midstream Partners,” said Doug Dormer, Cardinal chief executive officer. “We believe that clean burning natural gas will continue to play an important role in the energy mix, driving global demand, upstream production, and accompanying midstream infrastructure. We look forward to being part of the energy solution, aggressively pursuing a hybrid strategy focused on natural gas gathering and processing, and carbon capture and sequestration.”

From EnCap Flatrock

“We are excited to continue our longstanding relationship with Doug Dormer and partner with Cardinal Midstream Partners,” said Billy Lemmons, EnCap Flatrock managing partner. “Doug has assembled a world class team who have deep industry relationships and outstanding reputations in the energy industry. The company’s strategy and focus provide a solid platform, well positioned for growth and value creation.”

Advisors

Cardinal was advised by Akin Gump Strauss Hauer & Feld LLP, led by partner Wesley P. Williams. Sarah E. McClean, partner with Sherman & Sterling, LLC acted as legal counsel to EnCap Flatrock.

About Cardinal Midstream:

Based in Dallas, Cardinal Midstream Partners was founded in 2022 and is focused on the pursuit of midstream acquisition and development opportunities across North America, specifically natural gas gathering and processing and congruent carbon capture and sequestration. The company is led by four founders: Chief Executive Officer Doug Dormer; Chief Financial Officer Douglas Gale; Chief Commercial Officer Justin Garrity; and Chief Operating Officer Clayton Hewett. For more information, visit cardinalmp.com.

About EnCap Flatrock Midstream:

EnCap Flatrock Midstream provides value-added growth capital to proven management teams focused on midstream infrastructure opportunities across North America. The firm was formed in 2008 by a partnership between EnCap Investments L.P. and Flatrock Energy Advisors, LLC. Based in San Antonio with offices in Oklahoma City and Houston, the firm manages investment commitments of nearly $9 billion from a broad group of prestigious institutional investors. EnCap Flatrock Midstream is currently making commitments to new management teams from EFM Fund IV, a $3.25 billion fund. For more information, please visit efmidstream.com.


Contacts

Meredith Hargrove Howard
Redbird Communications Group
210-737-4478
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Long-term output performance guarantees and equipment warranty available for comprehensive enterprise risk management program


HAMILTON, Bermuda--(BUSINESS WIRE)--Ariel Re, a global (re)insurer with offices in Bermuda, London and Hong Kong, today announced that it has insured the long-term performance warranty of Ecogensus LLC, a global leader in advanced technology focused on delivering sustainable waste management solutions.

Through its Lloyd’s Syndicate 1910, Ariel Re provides insurance coverage to backstop comprehensive performance guarantees for Ecogensus’ recyclers, which process solid waste into high performance biofuels. The insurance coverage puts the strength of Ariel Re behind the performance guarantees for Ecogensus’ processing capacity and fuel specifications.

In addition to the performance warranty, Ariel Re and Ecogensus have also developed a project revenue protection program, which is structured to support debt lenders and based on an up-to-10-year facility level output performance warranty (“OPW”). The OPW program can be coupled with a facility start-up guarantee, which provides a seamless enterprise risk management solution.

“With a growing need for advanced technology to address significant environmental issues, including methane release and ocean plastic pollution, the global market will benefit from product offerings by Ecogensus,” said Frank Petrocelli, Senior Risk Analyst, Clean Energy Risk Solutions at Ariel Re. “Insurance products from strong counterparties like Ariel Re, will help to accelerate the use of these technologies.”

George Schulz, Leader Americas of Ariel Re Clean Energy Risk Solutions, added: “As the demand for sustainable waste management solutions continues to grow and project owners and investors seek support of complex performance warranties from recycling solution providers, the Ecogensus team has demonstrated a scalable waste recycling solution with a strong focus on robust and reliable performance; with open dialogue and sharing of information, it enables us to tailor a custom risk transfer solution. Ariel Re is pleased to help Ecogensus achieve its strategic growth goals.”

Bjornulf Ostvik, Founder and CEO of Ecogensus, said: “We are excited to partner with Ariel Re to provide reliability and certainty to our customers as we roll out our sustainability solutions globally. Our recycling technology offers market-leading waste processing capabilities and enables viable landfill alternatives. The Ariel Re program can enable our customers to access competitive financing solutions as they upgrade their facilities and enhance their valuations with our state-of-the-art recycling solutions.”

Ends

About Ariel Re:

Ariel Re offers a broad range of innovative insurance and reinsurance solutions and services through our offices in Bermuda, London and Hong Kong. We are a focused, specialty (re)insurance underwriting company meeting the business needs of a diverse client base. Ariel Re operates principally through Syndicate 1910 in London and also offers access to Lloyd’s Europe via Syndicate 5336.

Originally founded in 2005, Ariel Re was acquired by Pelican Ventures and J.C. Flowers in November 2020. The new owners provide Ariel Re with significant capital resources and a long track record of supporting successful, entrepreneurial businesses in the (re)insurance industry.

www.arielre.com

About Ecogensus, LLC (Ecogensus)

Ecogensus is a recycling technology company that has developed useful products (such as sustainable building materials or high performance biofuels) from waste. Ecogensus recycler systems offer market-leading waste processing capacity in a ruggedized, mobile system that can be placed at existing waste sites. For more information, please visit www.ecogensus.com


Contacts

Media
Stephen Breen, Rein4ce
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+44 7843 076556

Ariel Re Contact Information:
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Website: www.arielre.com
Tel: 441-295-5485

DENVER--(BUSINESS WIRE)--Civitas Resources, Inc. (NYSE: CIVI) (“Civitas” or the “Company”), today announced that it has given notice of its intent to redeem in full the $100 million in aggregate principal amount of its currently outstanding 7.50% senior notes due 2026 (the “Notes”) on May 1, 2022 (the “Redemption Date”). The redemption price of the Notes will be 100% of the principal amount of the Notes redeemed, plus accrued and unpaid interest to the Redemption Date. The Company has instructed the Trustee to send a notice of full redemption in the name of the Company to all currently registered holders of the Notes.


The Company also announced that it has entered into an amendment to its senior secured revolving credit facility (the "Credit Facility") under which the borrowing base has been increased from $1.0 billion to $1.7 billion and the elected commitment amount has increased from $800 million to $1.0 billion in connection with its regularly scheduled semi-annual redetermination. As of March 31st, the Company had zero borrowings outstanding on the Credit Facility and approximately $154 million in cash on hand.

This press release is for informational purposes only and does not constitute a notice of redemption under the optional redemption provisions of the Notes, nor does it constitute an offer to purchase the Notes or any other securities.

Forward-looking Statements

This press release contains forward-looking statements within the meaning of the federal securities laws. Statements related to, among other things, the completion of the full redemption of the Notes constitute forward-looking statements. For a description of factors that may cause Civitas’ actual results, performance or expectations to differ from any forward-looking statements, please review the information under the heading “Risk Factors” included in Item 1A of Civitas’ 2021 Annual Report on Form 10-K and other documents of Civitas’ on file with the Securities and Exchange Commission. Any forward-looking statements made in this press release are qualified by these cautionary statements, and there can be no assurance that the actual results or developments anticipated by Civitas will be realized or, even if substantially realized, that they will have the expected consequences to, or effects on, Civitas or its business or operations. Except as required by law, Civitas undertakes no obligation to update publicly or revise any forward-looking statement, whether as a result of new information, future developments or otherwise. We caution you that actual outcomes and results may differ materially from what is expressed, implied or forecasted by Civitas’ forward-looking statements.


Contacts

Investor Relations:
John Wren, This email address is being protected from spambots. You need JavaScript enabled to view it.

Media:
Brian Cain, This email address is being protected from spambots. You need JavaScript enabled to view it.

Local NAACP acknowledges Enviva’s Senior Community Relations Manager, Chris Brown, as a community supporter and political advocate in North Carolina

BETHESDA, Md.--(BUSINESS WIRE)--#BertieCountyNAACP--Enviva Inc. (NYSE: EVA), the world’s leading producer of sustainable wood bioenergy, today announced it was the recipient of the “Red Diamond Patriot Award,” the highest tier award the Bertie County Branch of The National Association for the Advancement of Colored People (NAACP) can bestow on an individual or company. Enviva’s Mid-Atlantic Senior Community Relations Manager, Chris Brown, was honored with the Red Diamond Patriot Award at the NAACP’s Annual Freedom Fund Banquet on April 2, 2022 for being an outstanding community partner and advocate for the Bertie County NAACP.



“The Red Diamond Patriot Award is the highest tier award of our local branch,” stated Dr. Kennedy Barber, President of the Bertie County Branch of NAACP. “The recipient of this award is an individual or group who have exhibited exceptional community support above their peers. We, the Bertie County NAACP Branch, are glad that Enviva chose to partner with us in aide to the residents of Cedar Landing who lost everything in the 2020 tornado. As a great Chinese philosopher stated, ‘a journey of a thousand miles begins with one single step.’ Thanks to Chris Brown and Enviva for their willingness to take those steps with us on our long journey ahead.”

Over the last two years, Enviva has been involved with several projects that have benefitted both Bertie County and Northampton County in North Carolina. In August of 2020, a deadly tornado touched down in the area destroying several neighborhoods in its path. Based on requests from local officials and clergy, Enviva quickly stepped in to provide immediate assistance and supplies to the region. Similarly, at the onset of the COVID-19 pandemic, Enviva regularly sponsored and volunteered at the Mobile Pantry to provide food and supplies to families in need throughout Northampton and Bertie Counties.

“Enviva is proud to play an active role in the communities we call home. Through partnerships like the Bertie County Branch of the NAACP we continuously stay engaged to support and serve the communities we work in,” stated Chris Brown. “But even more, I enjoy and appreciate the friendships that develop through the collaboration process on different projects and programs. I truly appreciate Dr. Kennedy Barber and the Bertie County Branch of the NAACP for recognizing Enviva and me with a Red Diamond Patriot Award at their Annual Freedom Fund Banquet. It was a surprise, and a big honor.”

The award ceremony’s keynote address was delivered by South Carolina statesman, Bakari Sellers, and North Carolina Agricultural & Technical State University’s Jazz Band Director, Jonovan Cooper, provided musical entertainment for the event.

About Enviva

Enviva (NYSE: EVA) is the world’s largest producer of industrial wood pellets, a renewable and sustainable energy source that is produced by aggregating a natural resource, wood fiber, and processing it into a transportable form, wood pellets. Enviva sells a significant majority of its wood pellets through long-term, take-or-pay off-take contracts with creditworthy customers in the United Kingdom, the European Union, and Japan. Enviva owns and operates 10 plants with a combined production capacity of approximately 6.2 million metric tons per year in Virginia, North Carolina, South Carolina, Georgia, Florida, and Mississippi. In addition, Enviva exports wood pellets through its deep-water marine terminals at the Port of Chesapeake, Virginia, the Port of Wilmington, North Carolina, and the Port of Pascagoula, Mississippi, and from third-party deep-water marine terminals in Savannah, Georgia, Mobile, Alabama, and Panama City, Florida.

To learn more about Enviva please visit our website at www.envivabiomass.com. Follow Enviva on social media @Enviva.


Contacts

Jacob Westfall
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+1-301-657-5560

Water Management Solutions Provider Targets 42% Reduction in Greenhouse Gas Emissions

HILLIARD, Ohio--(BUSINESS WIRE)--Advanced Drainage Systems, Inc. (ADS) (NYSE: WMS) today announced that in celebration of Earth Day, Scott Barbour, President and Chief Executive Officer signed a commitment to pursue Science Based Targets (SBTs) to reduce the Company’s greenhouse gas emissions.

ADS’ commitment to reducing overall greenhouse gas emissions reflects the Company’s broader goal to continue making progress on environmental stewardship initiatives,” Barbour stated. “We are proud to join the more than 2,000 businesses that are working with the Science Based Targets initiative to reduce emissions in line with climate science. I believe this goal fits in perfectly with this year’s Earth Day theme of ‘Invest in our planet’.”

The Science Based Targets initiative is a partnership between the Carbon Disclosure Project, the United National Global Compact, World Resources Institute and the World Wide Fund for Nature. This partnership is working to mobilize the private sector to limit global warming to 1.5°C and prevent the worst effects of climate change. More information can be found at https://sciencebasedtargets.org.

ADS is the second largest plastic recycler in North America, making the Company a natural leader in sustainability initiatives. Today’s announcement is part of a broader set of 10-year sustainability goals the Company issued in January 2022, including a commitment to nearly double its consumption of recycled material to one billion pounds and implementing closed-loop water usage at all manufacturing locations.

At ADS, our reason is water. Our 10-year sustainability goals, highlight our continued commitment to sustainability, including reducing the impact of our energy footprint and safeguarding the land at our sites, while helping to manage the world’s most precious resource, water,” Barbour explained.

More about the company’s 10 Year sustainability goals can be found at: www.sustainability.ads-pipe.com/

Additional information about ADS can be found at: www.adspipe.com

About the Company

Advanced Drainage Systems is a leading provider of innovative water management solutions in the stormwater and on-site septic wastewater industries, providing superior drainage solutions for use in the construction and agriculture marketplace. For over 50 years, the Company has been manufacturing a variety of innovative and environmentally friendly alternatives to traditional materials. Its innovative products are used across a broad range of end markets and applications, including non-residential, residential, infrastructure and agriculture applications. The Company has established a leading position in many of these end markets by leveraging its national sales and distribution platform, overall product breadth and scale and manufacturing excellence. Founded in 1966, the Company operates a global network of 63 manufacturing plants and 32 distribution centers. To learn more about ADS, please visit the Company’s website at www.adspipe.com.


Contacts

Marketing
Tori Durliat
419-424-8275
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Investor Relations
Michael Higgins
614-658-0050
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DUBLIN--(BUSINESS WIRE)--The "Global Biodiesel Market Analysis: Plant Capacity, Production, Operating Efficiency, Technology, Demand & Supply, End-User Industries, Distribution Channel, Regional Demand, 2015-2030" report has been added to ResearchAndMarkets.com's offering.


Global Biodiesel demand stood at 25 Million Tonnes in 2020 and is forecast to reach 48.02 Million Tonnes by 2030, growing at a healthy CAGR of 6.75% until 2030.

Biodiesel is a type of fuel made from bio-based resources such as vegetable oil and animal fat. It is renewable in nature with a lesser carbon footprint. It can be used in existing diesel engines without modification. Biodiesel is produced via transesterification whereby glycerin is separated from animal fat or vegetable oil, leaving behind methyl esters and glycerin. Its major application areas are fuel and power generation. Lesser greenhouse gas emissions associated with biodiesel coupled with its biodegradable nature and the growing need to replace fossil fuel with renewable fuel are projected to drive the demand of biodiesel for the forecast period.

Moreover, high compatibility of biodiesel with the existing diesel engines is another factor fueling demand growth for biodiesel during the forecast period. Increasing population and the subsequent growth in the number of vehicles and other industries using biodiesel is also expected to support demand rise for biodiesel.

In 2020, the spread of COVID-19 in major global economies caused nationwide lockdowns, which had an impact on a number of industries. Automotive was among the most affected industries during the pandemic. In fact, during the pandemic, there was a fall in the demand of automotive industry. This had an impact on the demand of biodiesel for the first half of 2020. The demand for biodiesel fell during the coronavirus pandemic. Furthermore, the increasing demand for the environment friendly and greenhouse gas emission reducing gas is anticipated to aid the growth of the market in the upcoming five years. Also, government aid like subsidies and imposing mandates indicates a continued growth of the market.

Region wise, Europe region holds the major share of global demand for biodiesel due to early adoption and technological advancements of biodiesel. Moreover, increasing preference towards replacement of fossil fuel which is associated with higher greenhouse gas emissions with biofuel, which is renewable and biodegradable in nature, is also an influencing factor for demand growth in Europe.

Report Scope:

In this report, global biodiesel market has been segmented into following categories, in addition to the industry trends which have also been detailed below

  • Market, by Application -Fuel and Power Generation
  • Market, by Product Type-Vegetable Oil, Animal Fat
  • Market, by Sales Channel-Direct/Institutional Sales, Indirect Sales
  • Market, by Region-North America, APAC, Europe, MEA, South America

Major Players Include

  • Australian Renewable Fuels Limited
  • Arizona Biodiesel
  • Ameresco Biofuels Corp.
  • Cosan
  • Coskata
  • Sapphire Energy
  • Renewable Energy Group
  • Ag Environmental Products
  • Louis Dreyfus Corp.

Years Considered for this Report:

  • Historical Period: 2015-2019
  • Base Year: 2020
  • Estimated Year: 2021
  • Forecast Period: 2022-2030

Objective of the Study:

  • To assess the demand-supply scenario of biodiesel which covers production, demand and supply of biodiesel market globally.
  • To analyse and forecast the market size of biodiesel.
  • To classify and forecast global biodiesel market based on technology, end-use, and regional distribution.
  • To identify drivers and challenges for the global biodiesel market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global biodiesel market.
  • To identify and analyse the profile of leading players involved in the manufacturing of biodiesel.

Key Topics Covered:

1. Global Biodiesel Market Outlook, 2015-2030

2. Global Biodiesel Demand Outlook, 2015-2030, By Volume

3. North America Biodiesel Market Outlook, 2015-2030

4. North America Biodiesel Demand Outlook, 2015-2030, By Volume

5. Asia Pacific Biodiesel Market Outlook, 2015-2030

6. Asia Pacific Biodiesel Demand Outlook, 2015-2030, By Volume

7. Europe Biodiesel Market Outlook, 2015-2030

8. Europe Biodiesel Demand Outlook, 2015-2030, By Volume

9. MEA Biodiesel Market Outlook, 2015-2030

10. MEA Biodiesel Demand Outlook, 2015-2030, By Volume

11. South America Biodiesel Market Outlook, 2015-2030

12. South America Biodiesel Demand Outlook, 2015-2030, By Volume

13. By Region

13. News and Deals

For more information about this report visit https://www.researchandmarkets.com/r/u4ran1


Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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API’s membership will focus on enhancing ESG metrics tools for the natural gas and oil industry.

HOUSTON--(BUSINESS WIRE)--#Blockchain--Blockchain for Energy today announced that the American Petroleum Institute (API), will join the consortium. This membership brings a new collaboration with API, the leading trade association representing all segments of the natural gas and oil industry, and whose members produce, process, and distribute much of the nation’s energy. API’s membership will focus on environmental, social and governance issues, as the consortium continues to build and expand its industry grade solutions.


“We are very pleased to welcome our newest member, the American Petroleum Institute, to the consortium,” said Raquel Clement, Chairperson of the Board and Lean Six Sigma Manager at Chevron. “Together we are firmly on our way to a digital future that collaboratively supports and enhances our industry. We welcome their support and direction.”

“The natural gas and oil industry is constantly evolving and continues to invest in, and implement, powerful digital tools such as blockchain, that can be used for transparent and efficient tracking of GHG emissions,” said Aaron Padilla, Director of Corporate Policy at API. “We are pleased to be joining Blockchain for Energy and look forward to working with the consortium on innovative solutions and best practices to advance our ESG goals.”

Developing ESG solutions to lead industry change

This membership supports rapid advancements on environmental and safety progress. By fostering new, decentralized technologies and use cases, Blockchain for Energy enables companies to become more efficient, provide greater operational visibility, and increase profits by employing blockchain technology.

Collaboration sparks opportunity to set new industry standards

The newly formed alliance will support our members by using blockchain technology to develop standards in interoperability and portability. Drawing on knowledge from some of the most experienced industry leaders, the collaboration will lead to enhanced innovation and drive the necessary change as we transition into the new digital era.

Membership shows promise for proactive development

Blockchain for Energy and API are eager to join forces in decision and policy making to develop an efficient, future-proof sector that harnesses blockchain technology. Through collaboration on ESG issues, industry consensus, and proactive development of new technologies, Blockchain for Energy is working to ensure a smooth transition to a low-carbon environment.

About Blockchain for Energy

Utilizing the benefits of blockchain technology, Blockchain for Energy provides its members with the best in industry solutions. They drive digital transformation by providing members a venue to accelerate the digitalization journey to resolve, reinvent, and transform the industry through collective synergies.

Blockchain for Energy is a safe venue to create transformational change – for the energy industry – by the energy industry.

About API

API represents all segments of America’s natural gas and oil industry, which supports more than 11 million U.S. jobs. Its nearly 600 members produce, process, and distribute the majority of the nation’s energy, and participate in API Energy Excellence®, which is accelerating environmental and safety progress by fostering new technologies and transparent reporting. API was formed in 1919 as a standards-setting organization and has developed more than 700 standards to enhance operational and environmental safety, efficiency, and sustainability.


Contacts

Martin Juniper
Blockchain for Energy
713.816.4173
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Eco-friendly, Energy Efficient System Will Provide Reliable, Remote Power

VAN NUYS, Calif.--(BUSINESS WIRE)--$CGRN #EnergyAsAService--Capstone Green Energy Corporation (NASDAQ: CGRN), a global leader in carbon reduction and on-site resilient green Energy as a Service (EaaS) solutions, announced today that it continues to expand its Energy-as-a-Service (EaaS) business with a rental contract for a 600 kilowatt (kW) microturbine-based system with one of the largest energy infrastructure companies in North America.


The minimum 6-month EaaS agreement is the sixth such system utilized by this oil and gas customer, reflecting the Company's interest in high reliability, more environmentally friendly power solutions for its operations. As an oil-free, low-maintenance power generating source, microturbine-based systems are ideal for remote locations where reliability is key and on-site staff is minimal or non-existent.

The contract, secured by Horizon Power Systems, Capstone's exclusive Distributor for the Mid-Western U.S. and Western Canada, is expected to be commissioned in mid-May 2022. The new system will supply power to remote mid-stream operations along the customer's pipeline in Colorado. The agreement also includes Capstone's industry-leading Factory Protection Plan (FPP), which provides complete service coverage, parts and labor for both scheduled and unscheduled maintenance.

During the last fiscal year, in order to become a global partner in carbon reduction and on-site resilient green energy solutions, Capstone Green Energy began to accelerate its shift to an Energy-as-a-Service or EaaS company. Capstone Green Energy is focused on the EaaS business model, as it adds more diversity to the Company's revenues and allows for a more streamlined staffing model than the previous industrial manufacturing company business model.

"Our customer was already familiar with Capstone Green Energy. This repeat order demonstrates that they clearly value both the power reliability and ease of permitting offered by low emissions, clean energy microturbine-based technology," said Sam Henry, President of Horizon Power Systems.

"This month, Capstone enters fiscal 2023 well positioned as an Energy-as-a-Service provider of high efficiency, low emission power generation products that enable customers to lower their energy costs, increase their power resilience, and reduce their carbon emissions," said Darren Jamison, Chief Executive Officer of Capstone Green Energy.

About Capstone Green Energy

Capstone Green Energy (www.CapstoneGreenEnergy.com) (NASDAQ: CGRN) is a leading provider of customized microgrid solutions and on-site energy technology systems focused on helping customers around the globe meet their environmental, energy savings, and resiliency goals. Capstone Green Energy focuses on four key business lines. Through its Energy as a Service (EaaS) business, it offers rental solutions utilizing its microturbine energy systems and battery storage systems, comprehensive Factory Protection Plan (FPP) service contracts that guarantee life-cycle costs, as well as aftermarket parts. Energy Generation Technologies (EGT) are driven by the Company's industry-leading, highly efficient, low-emission, resilient microturbine energy systems offering scalable solutions in addition to a broad range of customer-tailored solutions, including hybrid energy systems and larger frame industrial turbines. The Energy Storage Solutions (ESS) business line designs and installs microgrid storage systems creating customized solutions using a combination of battery technologies and monitoring software. Through Hydrogen & Sustainable Products (H2S), Capstone Green Energy offers customers a variety of hydrogen products, including the Company's microturbine energy systems.

For customers with limited capital or short-term needs, Capstone offers rental systems; for more information, contact: This email address is being protected from spambots. You need JavaScript enabled to view it.. To date, Capstone has shipped over 10,000 units to 83 countries and estimates that, in FY21, it saved customers over $217 million in annual energy costs and approximately 397,000 tons of carbon. Total savings over the last three full fiscal years are estimated to be approximately $698 million in energy savings and approximately 1,115,100 tons of carbon savings.

For more information about the Company, please visit www.CapstoneGreenEnergy.com. Follow Capstone Green Energy on Twitter, LinkedIn, Instagram, Facebook, and YouTube.

Cautionary Note Regarding Forward-Looking Statements

This release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995, including statements regarding expectations for green initiatives and execution on the Company's growth strategy and other statements regarding the Company's expectations, beliefs, plans, intentions, and strategies. The Company has tried to identify these forward-looking statements by using words such as "expect," "anticipate," "believe," "could," "should," "estimate," "intend," "may," "will," "plan," "goal" and similar terms and phrases, but such words, terms and phrases are not the exclusive means of identifying such statements. Actual results, performance and achievements could differ materially from those expressed in, or implied by, these forward-looking statements due to a variety of risks, uncertainties and other factors, including, but not limited to, the following: the ongoing effects of the COVID-19 pandemic; the availability of credit and compliance with the agreements governing the Company's indebtedness; the Company's ability to develop new products and enhance existing products; product quality issues, including the adequacy of reserves therefor and warranty cost exposure; intense competition; financial performance of the oil and natural gas industry and other general business, industry and economic conditions; the Company's ability to adequately protect its intellectual property rights; and the impact of pending or threatened litigation. For a detailed discussion of factors that could affect the Company's future operating results, please see the Company's filings with the Securities and Exchange Commission, including the disclosures under "Risk Factors" in those filings. Except as expressly required by the federal securities laws, the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, changed circumstances or future events or for any other reason.


Contacts

Capstone Green Energy
Investor and investment media inquiries:
818-407-3628
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World’s largest vacation ownership business celebrates new solar installations that continue to drive alternative energy across portfolio of vacation ownership resorts

ORLANDO, Fla.--(BUSINESS WIRE)--$TNL #clubwyndham--Wyndham Destinations, the world’s largest vacation ownership business as part of Travel + Leisure Co. (NYSE:TNL), today announced the completion of its latest solar installations and its commitment to further investments in alternative energy.



The company recently turned on solar panels at its Limetree Beach Resort by Club Wyndham in St. Thomas, and is finishing installation at the WorldMark Clear Lake Resort in Nice, Calif., this spring. With the two new resorts online, the company will have an estimated annual solar output of more than nine million kilowatt hours at 19 properties across the U.S. that are powered by more than 18,000 solar panels.

As part of its Environmental, Social, and Governance (ESG) strategy, the company is planning to invest in opportunities to reduce water and energy usage across its portfolio of 245 resorts.

In addition, the company is installing water use reduction and leak detection technologies in guest suites that cut water use on average by 15-17%. Resort staff is working to have this equipment installed in as many as 25% of the Wyndham Destinations managed resort portfolio by the end of 2022.

In the Environmental Sustainability goals published in its 2021 ESG Report, the company is working to drive the following goals:

  • 20% renewable energy consumption of total electricity at our managed resorts by 2030
  • 40% reduction in greenhouse gas emissions by 2025 from a 2010 baseline
  • 35% reduction in water withdrawal per square foot by 2025 from a 2010 baseline

“In partnership with our home owners associations, we’re investing in environmentally sustainable operations to protect the beautiful destinations our members enjoy visiting,” said Geoff Richards, chief operating officer of Wyndham Destinations. “As a part of our responsible operations, we place a high value on protecting the environment and communities in which we live and operate.”

Wyndham Destinations’ vacation club resorts offer a more comfortable way to travel, with most suites featuring multiple bedrooms, fully equipped kitchens and relaxed living spaces. Guests who stay at Wyndham Destinations resorts will experience all the comforts and amenities of home while living their bucket lists – and, with 95% of the U.S. population living within 300 miles of nearly 200 Wyndham Destinations resorts, finding home-away-from-home accommodations in sought-after destinations is easier than ever.

About Wyndham Destinations

Wyndham Destinations is the world’s largest vacation ownership business with more than 245 vacation club resorts around the world that offer a contemporary take on the timeshare model. The brand portfolio -- featuring Club Wyndham®, WorldMark® by Wyndham, Margaritaville Vacation Club® by Wyndham, and Shell Vacations Club -- offers travelers the chance to own their vacation and explore places they’ve never visited before, year after year. More than 850,000 owners enjoy stays in a home away from home, featuring spacious suites with separate bedrooms, fully-equipped kitchens, living and dining areas, as well as resort-style amenities and services. Wyndham Destinations is part of Travel + Leisure Co. (NYSE:TNL). Learn more at WyndhamDestinations.com.


Contacts

Steven Goldsmith
Wyndham Destinations
(407) 626-3830
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LOS ANGELES--(BUSINESS WIRE)--Romeo Power, Inc. (“Romeo Power” or the “Company”) (NYSE: RMO), an energy technology leader delivering advanced electrification solutions for complex commercial vehicle applications, today announced that it plans to report results for its fiscal first quarter ended March 31, 2022 on May 9, 2022. A conference call to discuss the financial and operational results is scheduled for May 9, 2022 at 2:00 PM U.S. Pacific Time (5:00 p.m. U.S. Eastern Time).

Investors, analysts, and members of the media interested in listening to the live presentation are encouraged to join a webcast of the call, available on the Company’s website at www.investors.romeopower.com. Interested parties may also participate in the call by dialing (888) 550-5279 and entering the conference ID 5268336. A replay of the conference call will be available a few hours after the event on the investor relations section of the Company’s website, under the events section.

About Romeo Power, Inc.

Founded in 2016 and headquartered in Los Angeles, California, Romeo Power (NYSE: RMO) is an energy technology leader delivering advanced electrification solutions for complex commercial vehicle applications. The Company’s suite of advanced hardware, combined with its innovative battery management system, delivers the safety, performance, reliability and configurability its customers need to succeed. Romeo Power's 113,000 square-foot manufacturing facility brings its flexible design and development process in-house to pack the most energy dense modules on the market. To keep up with everything Romeo Power, please follow the Company on social @romeopowerinc or visit www.romeopower.com.

Forward Looking Statements

Certain statements in this press release may constitute “forward looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” “should,” “future,” “propose” and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements, including, without limitation, express or implied statements concerning Romeo Power’s ability to develop or sell new products, or to pursue customers in new product or geographic markets, Romeo Power’s expectations regarding its future financial performance, the demand for safe, effective, affordable and sustainable EV products, Romeo Power’s ability to produce and deliver such products on a commercial scale, and Romeo Power’s expectations that its customers will adhere to contracted purchase commitments on the currently expected timeframe are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside Romeo Power’s management’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, that may affect actual results or outcomes include: Romeo Power’s ability to execute on its plans to develop and market new products and the timing of these development programs; Romeo Power’s ability to increase the scale and capacity of its manufacturing processes; Romeo Power’s estimates of the size of the markets for its products; the rate and degree of market acceptance of Romeo Power’s products; the success of other competing technologies that may become available; Romeo Power’s ability to identify and integrate acquisitions; Romeo Power’s potential need for and ability to secure additional capital; the performance of Romeo Power’s products and customers; potential litigation involving Romeo Power; demand for battery cells and supply shortages; the potential effects of COVID-19; and general economic and market conditions impacting demand for Romeo Power’s products. You should carefully consider the foregoing factors and the other risks and uncertainties described in the Company’s filings with the SEC. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from those implied by our forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Romeo Power undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Romeo Power Inc.


Contacts

For Investors:
Joe Caminiti or Ashley Gruenberg
Alpha IR Group
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312-445-2870

  • The ASCO Power Digital Hub will be at Innovation Days: Permian Basin 2022 to present its latest critical power innovations
  • The display showcases ASCO Critical Power Products through the multimedia tools in its Digital Hub
  • Attendees can see the value of ASCO backup power solutions for critical oil and gas operations

FLORHAM PARK, N.J.--(BUSINESS WIRE)--ASCO Power Technologies, the world’s leading provider of critical power solutions, will highlight its latest innovations at the Schneider Electric Innovation Days: Permian Basin in April. Attendees can meet seasoned ASCO experts and participate in ASCO’s multimedia Digital Hub experiences to learn about the value of ASCO's critical power solutions for oil and gas facilities.


The event will be held on April 26 and 27, 2022, from 8 AM to 4 PM at Odessa College in Odessa, Texas. It will highlight solutions for enhancing power continuity to increase productivity, reduce downtime, and reduce operating costs. Attendees can meet ASCO Power experts who can help solve power challenges for oil and gas producers and see multimedia presentations about ASCO solutions through its Digital Hub.

Visiting the Digital Hub enables oil industry professionals to see ASCO Power's offerings from transfer switches and industrial control products to onsite service solutions. The Hub’s Interactive 3D Facilities enable attendees to virtually see inside operating ASCO equipment and learn how ASCO solutions improve power reliability and streamline compliance. Its Video Library presents summaries, FAQs, and expert perspectives on critical power topics. Attendees can operate ASCO critical power equipment virtually and see power devices in operation to learn how ASCO solves backup power challenges.

By visiting the ASCO exhibit, members can:

  • Learn about the latest ASCO technologies, products, solutions, and applications
  • Get a closer look at backup power equipment through virtual experiences and 360-degree videos of customer installations
  • Network with ASCO experts and industry peers to solve industry challenges
  • Explore next-generation solutions that enhance power availability and improve operations

Visit the Innovation Days: Permian Basin 2022 page for event details.

ASCO critical power solutions are backed by technology, support, and service that are unmatched in the industry. Visit www.ascopower.com or contact an ASCO representative to learn more about ASCO products and services.

About ASCO Power Technologies

ASCO Power Technologies has provided power reliability solutions for more than 125 years. The firm designs, manufactures, services, and supports automatic transfer switches, power control equipment, load banks, and critical power management appliances. ASCO products serve mission-critical functions in data centers, healthcare facilities, telecommunication networks, commercial buildings, and industrial operations. To learn more about any of ASCO’s premium products and services, call (800) 800 ASCO (2726), email This email address is being protected from spambots. You need JavaScript enabled to view it., or visit www.ascopower.com. To receive updates on the latest news and updates, follow ASCO’s Facebook and LinkedIn.


Contacts

Laurence Grodsky
+ 1 973 307 7352
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