SAN FRANCISCO--(BUSINESS WIRE)--#STEM--Stem, Inc. (“Stem” or “the Company”) (NYSE: STEM), a global leader in artificial intelligence (AI)-driven energy storage services and software, announced today that it will participate in the following upcoming virtual investor conferences:
To access a live webcast of the Company’s presentation at the Goldman Sachs Global Energy and Clean Technology Conference on Thursday, January 6, 2022, at 9:00am Eastern Time, please register ahead of the scheduled start time at https://kvgo.com/gs/stem-jan-2022. A link to the live webcast will also be made available on the Events & Presentations section of Stem’s investor relations website. At the conclusion of the presentation, a webcast replay will be available at the same website for one year following the event.
The Company’s most recent investor materials can be accessed on its investor relations website at https://investors.stem.com/events-and-presentations.
About Stem, Inc.
Stem (NYSE: STEM) provides solutions that address the challenges of today’s dynamic energy market. By combining advanced energy storage solutions with Athena®, a world-class AI-powered analytics platform, Stem enables customers and partners to optimize energy use by automatically switching between battery power, onsite generation and grid power. Stem’s solutions help enterprise customers benefit from a clean, adaptive energy infrastructure and achieve a wide variety of goals, including expense reduction, resilience, sustainability, environmental and corporate responsibility and innovation. Stem also offers full support for solar partners interested in adding storage to standalone, community or commercial solar projects – both behind and in front of the meter. For more information, visit www.stem.com.
Stem Investor Contacts
Ted Durbin, Stem
Marc Silverberg, ICR
This email address is being protected from spambots. You need JavaScript enabled to view it.
Stem Media Contact
Cory Ziskind, ICR
This email address is being protected from spambots. You need JavaScript enabled to view it.
SPRING, Texas--(BUSINESS WIRE)--Southwestern Energy Company (NYSE: SWN) (the “Company”) today announced that it has closed the acquisition of GEP Haynesville, LLC (“GEP”). The transaction builds further scale in the Haynesville, deepens the Company’s inventory, improves key financial metrics, including margins, returns and per-share ratios, fortifies SWN’s financial strength and enhances the Company’s leading presence in the two premier natural gas basins in the US.
In December, the Company completed an offering of $1.15 billion of 4.75% senior notes due 2032 and a $550 million institutional term loan to fund the cash consideration for the acquisition and tender for $300 million of its 2025 senior notes. The Company expects to issue 2022 guidance inclusive of the acquired properties in conjunction with its fourth quarter earnings release.
About Southwestern Energy
Southwestern Energy Company (NYSE: SWN) is a leading U.S. producer and marketer of natural gas and natural gas liquids focused on responsibly developing large-scale energy assets in the nation’s most prolific shale gas basins. SWN’s returns-driven strategy strives to create sustainable value for its stakeholders by leveraging its scale, financial strength and operational execution. For additional information, please visit www.swn.com and www.swn.com/responsibility.
Forward-Looking Statements
Certain statements and information herein may constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act, as amended. The words “believe,” “expect,” “anticipate,” “plan,” "predict," “intend,” "seek," “foresee,” “should,” “would,” “could,” “attempt,” “appears,” “forecast,” “outlook,” “estimate,” “project,” “potential,” “may,” “will,” “likely,” “guidance,” “goal,” “model,” “target,” “budget” and other similar expressions are intended to identify forward-looking statements, which are generally not historical in nature. Statements may be forward looking even in the absence of these particular words. Examples of forward-looking statements include, but are not limited to, statements regarding costs in connection with the acquisition of GEP Haynesville, LLC (the “GEPH Acquisition”), estimated financial metrics giving effect to the GEPH Acquisition, including the estimate of additional year-end 2021 reserves and related pricing assumptions, expected natural gas production from properties in connection with the GEPH Acquisition, repayment of our debt, total amount of our debt, our financial position, business strategy, production, reserve growth and other plans and objectives for our future operations, and generation of free cash flow. These forward-looking statements are based on our current expectations and beliefs concerning future developments and their potential effect on us. The forward-looking statements contained in this document are largely based on our expectations for the future, which reflect certain estimates and assumptions made by our management. These estimates and assumptions reflect our best judgment based on currently known market conditions, operating trends, and other factors. Although we believe such estimates and assumptions to be reasonable, they are inherently uncertain and involve a number of risks and uncertainties that are beyond our control. As such, management’s assumptions about future events may prove to be inaccurate. For a more detailed description of the risks and uncertainties involved, see “Risk Factors” in our most recently filed Annual Report on Form 10-K, subsequent Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, and other SEC filings. We do not intend to publicly update or revise any forward-looking statements as a result of new information, future events, changes in circumstances, or otherwise. These cautionary statements qualify all forward-looking statements attributable to us, or persons acting on our behalf. Management cautions you that the forward-looking statements contained herein are not guarantees of future performance, and we cannot assure you that such statements will be realized or that the events and circumstances they describe will occur. Factors that could cause actual results to differ materially from those anticipated or implied in the forward-looking statements herein include, but are not limited to: the timing and extent of changes in market conditions and prices for natural gas, oil and natural gas liquids (“NGLs”), including regional basis differentials and the impact of reduced demand for our production and products in which our production is a component due to governmental and societal actions taken in response to COVID-19 or other public health crises and any related company or governmental policies and actions to protect the health and safety of individuals or governmental policies or actions to maintain the functioning of national or global economies and markets; our ability to accurately estimate the future amount of natural gas produced at the properties in connection with the GEPH Acquisition; our ability to fund our planned capital investments; a change in the amount of our debt; a change in our credit rating, an increase in interest rates and any adverse impacts from the discontinuation of the London Interbank Offered Rate; the extent to which lower commodity prices impact our ability to service or refinance our existing debt; the impact of volatility in the financial markets or other global economic factors; difficulties in appropriately allocating capital and resources among our strategic opportunities; the timing and extent of our success in discovering, developing, producing and estimating reserves; our ability to maintain leases that may expire if production is not established or profitably maintained; our ability to realize the expected benefits from recent acquisitions or the GEPH Acquisition; costs in connection with the GEPH Acquisition; integration of operations and results subsequent to the GEPH Acquisition; our ability to transport our production to the most favorable markets or at all; the impact of government regulation, including changes in law, the ability to obtain and maintain permits, any increase in severance or similar taxes, and legislation or regulation relating to hydraulic fracturing, climate and over-the-counter derivatives; the impact of the adverse outcome of any material litigation against us or judicial decisions that affect us or our industry generally; the effects of weather; increased competition; the financial impact of accounting regulations and critical accounting policies; the comparative cost of alternative fuels; credit risk relating to the risk of loss as a result of non-performance by our counterparties; and any other factors listed in the reports we have filed and may file with the SEC that are incorporated by reference herein. All written and oral forward-looking statements attributable to us are expressly qualified in their entirety by this cautionary statement.
Use of Non-GAAP Information
This news release contains non-GAAP financial measures, such as net cash flow, free cash flow, net debt and adjusted EBITDA, including certain key statistics and estimates. We report our financial results in accordance with accounting principles generally accepted in the United States of America (“GAAP”). However, management believes certain non-GAAP performance measures may provide users of this financial information additional meaningful comparisons between current results and the results of our peers and of prior periods. Please see the Appendix for definitions of the non-GAAP financial measures that are based on reconcilable historical information.
Use of Projections
The financial, operational, industry and market projections, estimates and targets in this news release are forward-looking statements that are based on assumptions that are inherently subject to significant uncertainties and contingencies, many of which are beyond SWN's and GEP’s control. The assumptions and estimates underlying the projected, expected or target results are inherently uncertain and are subject to a wide variety of significant business, economic, regulatory and competitive risks and uncertainties that could cause actual results to differ materially from those contained in the financial, operational, industry and market projections, estimates and targets, including assumptions, risks and uncertainties described in "Forward-looking Statements" above.
Investor Contacts
Brittany Raiford
Director, Investor Relations
(832) 796-7906
This email address is being protected from spambots. You need JavaScript enabled to view it.
HOUSTON & TULSA, Okla.--(BUSINESS WIRE)--#ERP--Opportune LLP, a global provider of business advisory services to the energy industry, is pleased to announce the promotion of Kent Landrum and Shane Randolph as Partners with the firm.
Mr. Landrum has more than 20 years of diverse information technology experience with an emphasis on solution delivery for the energy industry. He has a proven track record of managing full life cycle software implementation and process improvement projects for downstream and utilities companies. Before Opportune, he served as Vice President and Chief Information Officer at CPS Energy, the nation’s largest municipally owned power and gas utility. Mr. Landrum holds a B.S. degree in Computer Science and Economics from Trinity University and an M.A.A. in Organizational Development from the University of the Incarnate Word.
“Kent’s promotion to Partner is a testament to his depth of industry knowledge and his work ethic as a Managing Director within our Process & Technology group,” said Opportune Partner Kurt King. “His unique energy industry expertise, technology, and business acumen and commitment to delivering excellence will allow us to deliver tremendous value to our clients.”
Mr. Randolph is a national Partner, co-leading Opportune’s Complex Financial Reporting practice and leading the firm’s derivatives, stock-based compensation, and complex securities valuation and reporting service lines. Since joining the firm in 2012, Mr. Randolph established the firm’s Tulsa office, created multiple service offerings, and has served as the market lead for the firm’s Denver and Tulsa offices. Before Opportune, Shane served in a national leadership role for a New York City-based software company specializing in hedge accounting, derivative valuation, and risk management. He also previously served in technical positions focused on trading activities for ONEOK Inc. and KPMG. He holds undergraduate and graduate degrees in Accounting from Oklahoma State University. Mr. Randolph is also a member of the American Institute of Certified Public Accountants and maintains a Series 3 securities license.
“We are excited to announce Shane’s promotion to Partner,” said Opportune Partner Josh Sherman. “I am confident that his new role will position him to drive continued growth and collaborative, engaged relationships with our clients.”
“I am pleased to welcome Kent and Shane to the firm’s Partnership,” added David Baggett, Managing Partner of Opportune. “I look forward to what the future holds with their continued contributions to our clients, colleagues, and communities.”
The promotions of Mr. Landrum and Mr. Randolph to Partner follow the recent additions of Randy L. Hill and Ryan T. Senter to Opportune’s Partnership, both of whom are based in the firm’s Dallas office.
About Opportune LLP
Opportune LLP is a leading global energy business advisory firm specializing in adding value to clients across the energy industry, including upstream, midstream, downstream, power and gas, commodities trading, and oilfield services. Opportune’s service lines include complex financial reporting, disputes and litigations, enterprise risk, investment banking, outsourcing, process and technology, reserve engineering and geosciences, restructuring, strategy and organizational design, tax, transactional due diligence, and valuation. For additional information, please visit www.opportune.com.
Bryan Sims
713-490-5050
This email address is being protected from spambots. You need JavaScript enabled to view it.
DUBLIN--(BUSINESS WIRE)--The "Unmanned Surface Vehicles (USV) for Defense and Security - Market and Technology Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.
Unmanned Surface Vehicles will revolutionize naval warfare in the near future as new, larger categories are being developed. They are evolving from tools that can carry out a number of tasks to systems capable of operating with a high degree of autonomy in a joint, network-centric environment. The USV market is still at its early stages, which offers significant opportunities.
The developments in Artificial Intelligence (AI) enable the transition in the use of USVs in highly complex scenarios, that include collaborative operations with manned platforms. In a near-peer confrontation, this will allow manned vessels to control swarms of large displacement, weaponized USVs that will overwhelm an opponent's defenses. Practically, the concept of distributed lethality will expand exponentially revolutionizing the face of naval warfare.
This report Unmanned Surface Vehicles (USV) for Defense and Security - Market and Technology Forecast to 2030 examines and analyzes the impact of the dynamics shaping the USV market and forecasts the market in the 2022-2030 period. It analyzes the developments geographically, focusing on the biggest markets in the Americas, Europe, Asia-Pacific and the Rest of the World. The US, Europe and certain APAC countries are the steam engines of the USV market due to the significant R&D funds being invested and the procurement programs that have been implemented. The report also analyzes the current and future technologies related to the USV market and how they can be employed.
Reasons to Buy:
Key Topics Covered:
1 Introduction
2 Executive Summary
3 Current USV Technologies
4 Future USV Technologies
5 Market Analysis and Forecast Factors
5.1 Introduction
5.2 Market Segmentation
5.3 Forecast Factors
5.3.1 Drivers
5.3.2 Market Driver 2 - Need for UMVs for the Coast Guard
5.3.3 Market Driver 3 - Harbor Security Needs
5.3.4 Market Driver 4 - New Era for Mine Countermeasures
5.3.5 Market Driver 5 - Underwater Networks
5.3.6 Market Driver 6 - Terrorism
5.3.7 Market Driver 7 - Limited Defense Budgets, Personnel Reduction
5.3.8 Market Driver 8 - Support of Multi-Mission Vessels
5.3.9 Market Driver 9 - Environmental Consequences
5.3.10 Market Driver 10 - Increasing Outreach of Non-State Actors
5.3.11 Market Driver 11 - Increased Demand for Offshore Patrol Vessels and Frigates
5.3.12 Market Driver 14 - Asymmetric Threats Drive the Need for UMVs
5.3.13 Market Driver 15 - Small Speed Boat Threats
5.3.14 Market Driver 16 - Unmanned Maritime Systems Defense Policy
5.3.15 Market Driver 17 - Littorals as Future Areas of Conflict
5.3.16 Market Driver 18 - Additive Manufacturing
5.3.17 Market Driver 19 - from Ocean Observation to Military Intelligence
5.3.18 Market Driver 20 - Oceanic Competition
5.3.19 Market Driver 21 - Clarification of Roadmaps and Ums Support by Large Governmental Groups
5.4 Inhibitors
5.4.1 Market Inhibitor 1 - Production Issues
5.4.2 Market Inhibitor 2 - Operating & Life Cycle Costs
5.4.3 Market Inhibitor 3 - Rules of Engagement & International Laws
5.4.4 Market Inhibitor 4 - Navigation in Surface Traffic
5.4.5 Market Inhibitor 5 - Culture of Seafarers / Lack of Maturity to Understanding the Value of UMV
5.4.6 Market Inhibitor 6 - Lack of Proven Concept of Operations
5.4.7 Market Inhibitor 9 - Defense Budgets and National Economy
5.4.8 Market Inhibitor 10 - Export Control of Defense Technology
6 Country Analysis
7 Forecast USV Market to 2030 by Region
8 Forecast USV Market to 2030 by Spending Element
9 Forecast USV Market to 2030 by End-Use
10 Opportunity Analysis
11 Events Based Forecast to 2030 for the USV in Defense and Security Market
12 Leading Companies in the USV Market
13 Conclusions and Recommendations
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/vdhuub.
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
This email address is being protected from spambots. You need JavaScript enabled to view it.
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
- Wins Russia’s largest natural gas development project, proving technological prowess and defeating advanced European competitors
- Seeks highly profitable projects in Russia on back of engineering track records proven in the major global plant markets
SEOUL, South Korea--(BUSINESS WIRE)--#AdvancementProjectManagementCompetitiveness--DL E&C Co., Ltd (KRX: 375500) specializing in EPC has won a contract to participate in a project to build a mega-scale gas chemical plant in Russia. It was the fruition of the company’s hard work to open up new overseas markets.
DL E&C announced on January 3 that it signed a deal to get involved in the Russian Baltic Complex Project. The value of the contract is KRW 1.6 trillion (about EUR 1.17 billion). DL E&C will take charge of design and equipment procurement.
The heart of the project is to construct the world’s largest polymer plant on a single-line basis in the region of Ust-Luga 110 kilometers southwest of St. Petersburg. The plant will be capable of producing 3 million tons of polyethylene, 120,000 tons of butane and 50,000 tons of hexane a year. Ust-Luga is one of the major Russian port cities bordering the Gulf of Finland. A large investment there is now underway to construct Russia’s largest gas and chemicals complex with the annual capacity of processing 45 billion cubic meters of natural gas into LNG and chemical products.
DL E&C gives meaning to winning in the competition against advanced European construction firms to get involved in the largest plant construction project in Russia. Winning the contract in Russia, a big player in the global petrochemical market, proves its technological prowess. Now that it has hard-to-beat competitiveness, DL E&C looks forward to winning new contracts in Russia.
On the back of skills and know-how in basic design, DL E&C outrivals European firms to land a contract
DL E&C has been involved in the basic project design of the Russian Baltic Complex Project since December 2019. A basic design is a stage of drawing a rough sketch of a plant, laying the foundation for project design and quotation. It has been dominated by major European construction companies. DL E&C could be awarded the contract thanks to its basic design skills recognized by the Russian entity responsible for the project.
DL E&C is striving to take part in the main construction. Its participation in basic design will be of help to foreseeing difficulties that could arise from the main construction stage. This will make it possible to manage overall project risks beforehand and also to complete the optimal detailed design that could maximize the efficiency and profitability of the project. Considering these, DL E&C has an advantage over competitors in the contest for the right to participate in the main construction.
DL E&C’s competitiveness in the Russian market becomes hard to beat
DL E&C is paying attention to the potential of Russia as a way to diversify its market. It established a local firm in the country in 2015 to explore the market in earnest. Though it underwent several trials and errors in its early days, it has steadily piled up achievements made through its participation in an array of projects involving gas, oil refinery and petrochemicals.
DL E&C expects to win new orders on the back of human resources, know-how and project implementation capability that it has accumulated in the Russian market. It is pursuing growth and profitability by escaping overcrowded markets to penetrate new markets aggressively. Its operating profit ratio for the third quarter of 2021 shot up to 14.3 percent, the highest in the industry. Now that it has a stabilized profit structure as a result of focusing on lucrative projects, its rapid growth will be indisputable only if it gets new high-margin major projects.
“This project is meaningful in that we won a big order in Russia, a market regarded as a high barrier to entry for Korean construction companies,” said Yoo Jae-ho, head of DL E&C’s plant business division. “We would strengthen our digital innovation and BIM-based design ability to solidify our position in the expanding Russian market.”
DL E&C Co., Ltd
David Cho
+82-2-2011-7192
This email address is being protected from spambots. You need JavaScript enabled to view it.
OVERLAND PARK, Kan.--(BUSINESS WIRE)--TortoiseEcofin today announced that Enviva Partners, LP (NYSE: EVA) will be removed from the Tortoise MLP Index® (TMLP) as a result of the approved corporate structure change from a limited partnership to a corporation. Due to the conversion, EVA will be removed from the index at market open on Monday, January 3, 2022.
As the current weight is above the weighting threshold that triggers a special rebalance, EVA will be removed with a special rebalancing from TMLP effective as of the market close on December 31, 2021.
Special rebalancings in TMLP are triggered by corporate actions such as mergers, bankruptcies, liquidations, and conversions in which the resulting weight of a single constituent exceeds the index’s 7.5% threshold and the target constituent weight exceeds certain weighting thresholds. Implementation of special rebalancings will be made in accordance with existing methodologies.
About TortoiseEcofin
TortoiseEcofin focuses on essential assets – those assets and services that are indispensable to the economy and society. We strive to make a positive impact on clients and communities by investing in energy infrastructure and the transition to cleaner energy and by providing capital for social impact projects focused on education and senior housing. TortoiseEcofin brings together strong legacies from Tortoise, with expertise investing across the energy value chain for more than 20 years, and from Ecofin, which unites ecology and finance and has roots back to the early 1990s. To learn more, visit www.TortoiseEcofin.com.
The Tortoise MLP Index® is a float-adjusted, capitalization weighted index of energy master limited partnerships (MLPs). The index is comprised of publicly traded companies organized in the form of limited partnerships or limited liability companies engaged in transportation, production, processing and/or storage of energy commodities.
The Tortoise MLP Index® is the exclusive property of TIS Advisors, which has contracted with S&P Opco, LLC (a subsidiary of S&P Dow Jones Indices LLC) to calculate and maintain the Tortoise MLP Index®. The Index is not sponsored by S&P Dow Jones Indices or its affiliates or its third party licensors (collectively, “S&P Dow Jones Indices”). S&P Dow Jones Indices will not be liable for any errors or omissions in calculating the Index. “Calculated by S&P Dow Jones Indices” and its related stylized mark(s) are service marks of S&P Dow Jones Indices and have been licensed for use by TIS Advisors and its affiliates. S&P® is a registered trademark of Standard & Poor’s Financial Services LLC (“SPFS”), and Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”).
This data is provided for informational purposes only and is not intended for trading purposes. This document shall not constitute an offering of any security, product or service. The addition, removal or inclusion of a security in the index is not a recommendation to buy, sell or hold that security, nor is it investment advice. The information contained in this document is current as of the publication date. Tortoise makes no representations with respect to the accuracy or completeness of these materials and will not accept responsibility for damages, direct or indirect, resulting from an error or omission in this document. The methodology involves rebalancing and maintenance of the index that is made periodically during each year and may not, therefore, reflect real time information.
Safe Harbor Statement
This press release shall not constitute an offer to sell or a solicitation to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer or solicitation or sale would be unlawful prior to registration or qualification under the laws of such state or jurisdiction.
Maggie Zastrow, (913) 981-1020 or This email address is being protected from spambots. You need JavaScript enabled to view it.
HOUSTON & DALLAS--(BUSINESS WIRE)--#ARO--Opportune LLP, a global provider of business advisory services to the energy industry, is pleased to announce the promotion of Gregg Laswell, Kristin Floyd Newton, and Matt Smith to Managing Directors with the firm.
Mr. Laswell has amassed an array of experience during his time at Opportune primarily within the bankruptcy restructuring, corporate finance, and complex financial reporting service lines. His principal areas of expertise include assisting debtors or other stakeholders through in-court and out-of-court restructurings, providing buy-side due diligence services, and advising companies on complex financial reporting and financial planning matters. Further, Mr. Laswell has experience serving as an expert witness on a complex legal matter and as a Chief Restructuring Officer. He holds a B.S. in Accounting from Washington and Lee University and is a Certified Public Accountant (CPA) licensed in the State of Texas.
Mrs. Newton advises public and private companies on complex financial reporting and technical accounting matters, including transaction advisory and IPO and SPAC readiness engagements and revenue recognition (ASC 606) and lease accounting (ASC 842) implementations. Before joining Opportune, Mrs. Newton worked at the Financial Accounting Standards Board (FASB), serving as a member of the team leading the FASB’s post-implementation efforts for the new revenue recognition standard. She received undergraduate and graduate degrees in Accounting from Texas A&M University and is a CPA licensed in the State of Texas.
Mr. Smith assists companies with their accounting for complex financial instruments under both U.S. GAAP and International Financial Reporting Standards. With over 15 years of client service experience at Opportune and Ernst & Young, Mr. Smith has gained extensive knowledge and expertise in debt and equity financing activities, derivatives and hedging, share-based payments, and SEC reporting. He holds an undergraduate degree in Accounting from Oral Roberts University and is a CPA licensed in the State of Oklahoma.
In addition, Opportune has created a new leadership position in the firm, recognizing senior professionals that have demonstrated superior subject matter expertise, practice management, and enduring commitment to client service. Opportune is pleased to announce the promotion of the following individuals to Principal:
Ken Bourgeois — Mr. Bourgeois has over 30 years of experience providing clients with information technology (IT) solutions, including custom ERP solutions, ETRM implementations and support, and application integration. He specializes in the full spectrum of implementation activities from software selection to go-live. Before joining Opportune, Mr. Bourgeois served as a Vice President, Information Systems at Amigo Energy.
Byrony Coan — Mrs. Coan has over 20 years of experience in project management, product management, process consulting, and change management. She leverages her upstream expertise to support clients to become more efficient through the implementation of software and process streamlining. Her team supports transactions throughout asset purchase and sale cycles from pre-purchase agreement to beyond the transition services period. Mrs. Coan’s client base has ranged from start-up private equity-backed companies to large publicly traded entities.
Glenn Hartfiel — Mr. Hartfiel has over 25 years of experience providing clients with strategy, architecture, project management, and assessment across all areas of information technology (IT). His primary focus areas include mergers and acquisitions, IT operations, interim CIO services, enterprise infrastructure design, security architecture, and operations management. Before joining Opportune, Mr. Hartfiel worked at Sirius Solutions where he managed complex projects, including e-discovery litigation, M&A, and IT integration projects for various clients.
Dave Loucks — Mr. Loucks is one of the country’s foremost experts regarding the reporting for asset retirement obligations (ARO) and the standardized measure of oil and gas (SMOG). Mr. Loucks and his team developed and now implement the proprietary Assent 143 (ARO) and Assent SMOG (oil and gas disclosures) software applications for Opportune clients, which are the only applications of their kind available in the market. Additionally, Mr. Loucks works with the Petroleum Development Institute (PDI) at the University of North Texas to instruct classes on the determination and presentation of hydrocarbon reserves for financial reporting purposes.
Glenn Sniezek — Mr. Sniezek focuses on financial and operational restructuring and has significant experience in Chapter 11 preparation and administration, liquidity management, business plan development and review, financial budgeting and forecasting, reorganization plan development, and M&A. He has advised debtors and creditors on restructurings, both in- and out-of-court, within the energy, retail, and manufacturing sectors and in other industries.
“Our newly promoted Managing Directors and Principals are well equipped to handle their new responsibilities,” said David Baggett, Managing Partner of Opportune. “These exceptional individuals reflect the depth of talent we have developed at Opportune, and we look forward to their addition to our senior leadership team.”
About Opportune LLP
Opportune LLP is a leading global energy business advisory firm specializing in adding value to clients across the energy industry, including upstream, midstream, downstream, power and gas, commodities trading, and oilfield services. Opportune’s service lines include complex financial reporting, disputes and litigations, enterprise risk, investment banking, outsourcing, process and technology, reserve engineering and geosciences, restructuring, strategy and organizational design, tax, transactional due diligence, and valuation. For additional information, please visit www.opportune.com.
Bryan Sims
713-490-5050
This email address is being protected from spambots. You need JavaScript enabled to view it.
Largest RNG Facility in the World Completed Approximately Two Years after Gas Rights Execution
HOUSTON--(BUSINESS WIRE)--Archaea Energy Inc. (“Archaea” or “the Company”) (NYSE: LFG), an industry-leading renewable natural gas (“RNG”) company, announced today the successful start-up of Project Assai, an RNG facility located at the Keystone Sanitary Landfill in Dunmore, Pennsylvania (“Assai”). Pipeline-quality RNG has been produced and commercial operations were achieved on December 30, 2021. Assai is now the highest capacity operational RNG facility in the world.
Assai was successfully constructed, commissioned, and completed within budget and in under two years, a timeline materially shorter than industry averages for landfill gas to RNG development projects, including projects of much smaller size. Assai has an inlet capacity of 22,500 scfm and combines landfill gas flows from the Keystone Sanitary Landfill and the Waste Management Alliance Landfill. Assai is expected to reduce CO2 emissions by over 200,000 metric tons annually and significantly reduce air pollutants, many by over 90%.
“Completion of Assai is a monumental moment for Archaea,” said Nick Stork, Archaea’s Chief Executive Officer. “I would first like to thank our team. They worked day and night, overcame obstacles, and ignored many voices who said this couldn’t be done, let alone completed safely, under budget, and on an accelerated timeframe not seen before in our industry. I also want to thank the Keystone Sanitary Landfill, their incredible people and ownership. Keystone’s cooperation, vision and world-class operations were critical to the success of the project. I am also thankful for our partnerships with Waste Management, UGI, the Pennsylvania Department of Environmental Protection and our commercial partners, FortisBC Energy Inc., Énergir, L.P., and The University of California System, who have all made meaningful long-term commitments to decarbonization and to the success of this project. Last but not least, I am grateful for the many learnings that came from this project. We self-performed many critical aspects of this project that most would have outsourced. The compounding effects of this knowledge will translate to lower costs and faster timelines for landfill owners and offtake partners across North America. LFG!”
Assai is expected to deliver over 4 million MMBtu of RNG annually at projected flows, methane recovery and uptime, resulting in over $40 million of annual projected EBITDA. The project stands to benefit from long-term gas rights agreements at landfills with decades of capacity and strategically located within growing waste markets. Approximately 80% of the total RNG volumes expected to be produced at Assai have been contracted on a long-term, fixed fee basis with FortisBC Energy Inc., Énergir, L.P., and The Regents of the University of California, for periods of up to 20 years.
ABOUT ARCHAEA
Archaea Energy Inc. is one of the largest RNG producers in the U.S., with an industry-leading platform and expertise in developing, constructing, and operating RNG facilities to capture waste emissions and convert them into low carbon fuel. Archaea’s innovative, technology-driven approach is backed by significant gas processing expertise, enabling Archaea to deliver RNG projects that are expected to have higher uptime and efficiency, faster project timelines, and lower development costs. Archaea partners with landfill and farm owners to help them transform potential sources of emissions into RNG, transforming their facilities into renewable energy centers. Archaea’s differentiated commercial strategy is focused on long-term contracts that provide commercial partners a reliable, non-intermittent, sustainable decarbonizing solution to displace fossil fuels.
Additional information is available at www.archaeaenergy.com.
FORWARD-LOOKING STATEMENTS
This press release contains certain statements that may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Statements that do not relate strictly to historical or current facts are forward-looking and usually identified by the use of words such as “anticipate,” “estimate,” “could,” “would,” “should,” “will,” “may,” “forecast,” “approximate,” “expect,” “project,” “intend,” “plan,” “believe” and other similar words. Forward-looking statements may relate to expectations for future financial performance, business strategies or expectations for Archaea’s business. Specifically, forward-looking statements may include statements concerning market conditions and trends, earnings, performance, strategies, prospects and other aspects of Archaea’s business. Forward looking statements are based on current expectations, estimates, projections, targets, opinions and/or beliefs of Archaea, and such statements involve known and unknown risks, uncertainties and other factors.
The risks and uncertainties that could cause those actual results to differ materially from those expressed or implied by these forward looking statements include, but are not limited to: (a) the ability to recognize the anticipated benefits of the business combinations and any transactions contemplated thereby, which may be affected by, among other things, competition, the ability of Archaea to grow and manage growth profitably and retain its management and key employees; (b) the possibility that Archaea may be adversely affected by other economic, business and/or competitive factors; (c) Archaea’s ability to develop and operate new projects; (d) the reduction or elimination of government economic incentives to the renewable energy market; (e) delays in acquisition, financing, construction and development of new projects; (f) the length of development cycles for new projects, including the design and construction processes for Archaea’s projects; (g) Archaea’s ability to identify suitable locations for new projects; (h) Archaea’s dependence on landfill operators; (i) existing regulations and changes to regulations and policies that affect Archaea’s operations; (j) decline in public acceptance and support of renewable energy development and projects; (k) demand for renewable energy not being sustained; (l) impacts of climate change, changing weather patterns and conditions, and natural disasters; (m) the ability to secure necessary governmental and regulatory approvals; (n) the Company’s expansion into new business lines; and (o) other risks and uncertainties indicated in the Registration Statement on Form S-1 (File No. 333-260094), originally filed by Archaea with the SEC on October 6, 2021, as subsequently amended on October 18, 2021 and declared effective by the SEC on October 21, 2021, including those under “Risk Factors” therein, and other documents filed or to be filed with the SEC by Archaea.
Accordingly, forward-looking statements should not be relied upon as representing Archaea’s views as of any subsequent date. Archaea does not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.
Megan Light
This email address is being protected from spambots. You need JavaScript enabled to view it.
346-439-7589
CHICAGO--(BUSINESS WIRE)--Exelon Corp. (Nasdaq: EXC) today announced that it will host virtual investor and analyst events to highlight the post-separation business strategies for Exelon and Constellation.
Exelon’s event will be held on Jan. 10, 2022, beginning at 12 p.m. Central Time, 1 p.m. Eastern Time and ending at approximately 3 p.m. Central Time, 4 p.m. Eastern Time.
Constellation’s event will be held on Jan. 11, 2022, beginning at 7:30 a.m. Central Time, 8:30 a.m. Eastern Time and ending at approximately 11 a.m. Central Time, 12 p.m. Eastern Time.
Investors, analysts and media may access webcasts for both events at www.exeloncorp.com/investor-relations. The webcasts will be archived and available for replay for those unable to listen live.
About Exelon
Exelon Corporation (Nasdaq: EXC) is a Fortune 100 energy company with the largest number of electricity and natural gas customers in the U.S. Exelon does business in 48 states, the District of Columbia and Canada and had 2020 revenue of $33 billion. Exelon serves approximately 10 million customers in Delaware, the District of Columbia, Illinois, Maryland, New Jersey and Pennsylvania through its Atlantic City Electric, BGE, ComEd, Delmarva Power, PECO and Pepco subsidiaries. Exelon is one of the largest competitive U.S. power generators, with more than 31,000 megawatts of nuclear, gas, wind, solar and hydroelectric generating capacity comprising one of the nation’s cleanest and lowest-cost power generation fleets. The company’s Constellation business unit provides energy products and services to approximately 2 million residential, public sector and business customers, including three fourths of the Fortune 100. Follow Exelon on Twitter @Exelon.
Andrew Plenge
Investor Relations - Exelon
312-394-2345
Emily Duncan
Investor Relations - Constellation
312-394-2345
Paul Adams
Corporate Communications
410-470-4167
This email address is being protected from spambots. You need JavaScript enabled to view it.
Results in approximately $188 million of gross cash proceeds to Heliogen
Accelerates and advances Heliogen’s mission to empower a sustainable civilization with low-cost solar energy that makes clean power more affordable than fossil fuels
Heliogen’s shares to begin trading on the NYSE tomorrow, December 31, 2021 under ticker “HLGN”
PASADENA, Calif.--(BUSINESS WIRE)--$ATHN #ArtificialIntelligence--Heliogen Inc. (“Heliogen” or the “Company”), a leading provider of AI-enabled concentrated solar power, today announced that it has completed its previously announced business combination with Athena Technology Acquisition Corp. (“ATHN”).
The transaction was unanimously approved by ATHN’s Board of Directors and was approved at a special meeting of ATHN stockholders on December 28, 2021. More than 91% of the votes cast at the special meeting were in favor of approval of the business combination. THN stockholders also voted to approve all other proposals presented at the special meeting.
Concurrent with the completion of its business combination, the combined company changed its name from “Athena Technology Acquisition Corp.” to “Heliogen Inc.” Commencing at the open of trading on December 31, 2021, Heliogen Inc.’s Class A common stock and Heliogen Inc.’s warrants are expected to commence trading on The New York Stock Exchange under the symbols “HLGN” and “HLGNW,” respectively.
Company Background
Founded in 2013, Heliogen’s modular, AI-enabled, concentrated solar power plants have the potential to revolutionize the energy market by alleviating intermittency issues associated with renewable sources of power generation. Heliogen’s technology is designed to flatten the power generation curve by using concentrated solar power with storage to increase the availability of energy to industrial customers.
The Company’s proprietary heliostat layout and control system facilitate concentration of the sun’s rays and have the ability to generate temperatures at the point of focus that can exceed 1,000 degrees centigrade. This heat can then be captured, stored and converted for industrial use, power generation, or to produce green hydrogen fuel, with the goal of providing near-24 hour renewable energy that could replace fossil fuels with concentrated sunlight. Heliogen is commencing the commercialization of its AI-enabled, concentrated solar power modules with internationally recognized customers in the industrial, mining, and energy sectors.
Since announcing the business combination with ATHN on July 7, 2021, Heliogen has announced significant commercial progress including:
Management Commentary
Bill Gross, Founder and Chief Executive Officer of Heliogen, commented: “Powering the planet with renewable energy is not only critical to fighting climate change – it is also the biggest economic opportunity in history. The capital raised in this transaction will fund our accelerated growth and help us to globally scale our game changing AI-enabled concentrated solar power technology. We believe we have the potential to transform the world’s energy production and meaningfully address climate change, while delivering long-term stakeholder value. With our talented and dedicated team, a world-class Board of Directors, our strong customer and partner relationships, a growing customer pipeline, and technology that is in high demand globally, I couldn’t be more optimistic about Heliogen’s ability to deliver on our mission of replacing fossil fuels with concentrated sunlight.”
Phyllis Newhouse, former CEO of Athena Technology Acquisition Corp. and member of the Heliogen board of directors, commented: “We’re extremely proud to achieve this milestone and begin the next chapter in Heliogen’s growth story. Our original mission at Athena was to work with thought leaders and technology innovators whose pioneering solutions will support both industry and society. With the closing of our business combination today, we’re moving one step closer to a healthier world where fossil fuels are replaced by cleaner sources of power.”
Transaction Overview
The transaction resulted in approximately $188 million of cash to Heliogen’s balance sheet, comprised of both funds from ATHN’s former trust account and a private investment in public equity (PIPE). The PIPE is anchored by funds and accounts managed by Counterpoint Global (Morgan Stanley), Salient Partners, Saba Capital, and the XCarb Innovation Fund of ArcelorMittal.
In addition to the proceeds from this transaction, the Company has previously disclosed the conversion to common shares of $83.4 million in SAFE financing upon closing of the business combination.
Heliogen Inc. will use the proceeds to scale heliostat manufacturing, to support research and development efforts on next generation heliostat technology, to support global project development, and to fund the balance sheet.
Leadership
Heliogen’s existing senior management team will continue to lead the combined company, including Bill Gross (Chief Executive Officer; Director), Christie Obiaya (Chief Financial Officer), Steve Schell (Chief Technology Officer and Chief Engineer) and Tom Doyle (Chief Commercial Officer).
Heliogen Inc.’s Board of Directors will be comprised of a majority of independent directors, namely Phyllis Newhouse, Stacey Abrams, Paddy Padmanathan, Julie Kane, Robert Kavner and David Crane. Heliogen CEO Bill Gross will serve as the only non-independent director.
Advisors
Cohen & Company Capital Markets (a division of J.V.B. Financial Group, LLC), is serving as financial advisor to Athena. Barclays is serving as financial advisor to Heliogen. Cohen & Company Capital Markets is also serving as placement agent to Athena. DLA Piper LLP (US) is serving as legal advisor to Athena. Cooley LLP is acting as legal advisor to Heliogen.
About Heliogen
Heliogen is a renewable energy technology company focused on eliminating the need for fossil fuels in heavy industry and powering a sustainable future. The company’s AI-enabled, modular concentrated solar technology aims to cost-effectively deliver near 24/7 carbon-free energy in the form of heat, power, or green hydrogen fuel at scale – for the first time in history. Heliogen was created at Idealab, the leading technology incubator founded by Bill Gross in 1996. For more information about Heliogen, please visit heliogen.com.
Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Statements that are not historical in nature, including the words “anticipate,” “expect,” “suggests,” “plan,” “believe,” “intend,” “estimates,” “targets,” “projects,” “should,” “could,” “would,” “may,” “will,” “forecast” and other similar expressions are intended to identify forward-looking statements. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: (i) the ability to obtain or maintain the listing of Heliogen’s common stock on the New York Stock Exchange following the business combination; (ii) the risk that the proposed transaction disrupts current plans and operations as a result of the announcement and consummation of the business combination; (iii) the outcome of any legal proceedings that may be instituted against Heliogen or others following the business combination; (iv) the ability to recognize the anticipated benefits of the business combination, which may be affected by, among other things, the ability of Heliogen to grow and manage growth profitably, maintain relationships with customers, compete within its industry and retain its key employees; (v) costs related to the proposed business combination; (vi) changes in applicable laws or regulations; (vii) the effect of the COVID-19 pandemic on Heliogen’s business; (viii) the ability of Heliogen to execute its business model, including market acceptance of its planned products and services and achieving sufficient production volumes at acceptable quality levels and prices; (ix) Heliogen’s ability to raise capital; (x) the possibility that Heliogen may be adversely impacted by other economic, business, and/or competitive factors; and (xi) future exchange and interest rates. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of the registration statement on Form S-4, as amended through November 19, 2021, in the definitive proxy statement / prospectus, dated December 3, 2021 and other documents filed by the Company from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the 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 Heliogen assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. No assurance is given that the combined company, will achieve its expectations.
Athena Technology Acquisition Corp. Contacts
For Media:
Berns Communications Group
This email address is being protected from spambots. You need JavaScript enabled to view it.
Heliogen Contacts
For Media:
This email address is being protected from spambots. You need JavaScript enabled to view it.
For Investors:
Caldwell Bailey
ICR, Inc.
This email address is being protected from spambots. You need JavaScript enabled to view it.
SAN ANTONIO--(BUSINESS WIRE)--Abraxas Petroleum Corporation, a Nevada corporation (“Abraxas” or the “Company”) (OTCQX:AXAS), today announced (i) the cash sale of its Williston Basin assets to Lime Rock Resources for $87.2MM, (ii) the repayment of all of its revolving credit facility and (iii) the exchange of its entire Second Lien Term Loan held by Angelo Gordon Energy Funding, LLC (“Angelo Gordon” or “AG”) into newly authorized Series A Preferred Stock. The transactions, which closed today, were part of the Company’s previously announced strategic alternatives review.
Bob Watson, Abraxas President & CEO stated, “For some time, Abraxas has been trying to find a solution that would resolve the indebtedness held by our lenders while at the same time providing continuing opportunity for our stockholders. The transactions announced today pay off all of our bank debt and convert AG's 2L Term Loan into preferred equity. Most importantly, the restructuring positions Abraxas as an unlevered, Delaware Basin pure play that can now access available capital sources to restart a drilling program in the Permian Basin. In short, we now have the opportunity to drill and complete wells in order to grow our production for the benefit of our common and preferred stockholders.”
Pro Forma Capital Structure
Abraxas’ capital structure is now comprised of common stock and preferred stock. The preferred stock has an initial preference amount of approximately $137MM which will accrete at 6% per annum, compounding quarterly (the “Accreted Preference Amount”). The holders of preferred stock will have approximately 85% of the total votes allocated to common and preferred stockholders and will thus have voting control of the Company. Upon a future Deemed Liquidation event (merger or other transaction as defined in the Preferred Stock Certificate of Designation), current Abraxas stockholders would receive 5% of any distribution above $100MM, until AG has received the Accreted Preference Amount, plus 25% of any distribution above that amount. In the near term, the Company may enter into a modest revolving credit facility with a commercial bank in order to “jump start” the Permian drilling program.
Board of Directors
The size of the Abraxas board of directors has been increased to five members: two continuing Abraxas directors and three new directors designated by AG. Effective with consummation of the transactions, two AG directors have been appointed to the Board, and a third AG member will be added later in January.
Advisors
Petrie Partners Securities, LLC served as financial advisor to Abraxas. Dykema Gossett PLLC and Holland & Hart LLP served as legal counsel to Abraxas. Simpson Thacher & Bartlett LLP and Brownstein Hyatt Farber Schreck served as legal counsel to Angelo Gordon.
Abraxas Petroleum Corporation is a San Antonio based crude oil and natural gas exploration and production company with operations in the Permian Basin.
Safe Harbor for forward-looking statements: Statements in this release looking forward in time involve known and unknown risks and uncertainties, which may cause Abraxas’ actual results in future periods to be materially different from any future performance suggested in this release. Such factors may include, but may not be necessarily limited to, changes in the prices received by Abraxas for crude oil and natural gas. In addition, Abraxas’ future crude oil and natural gas production is highly dependent upon Abraxas’ level of success in acquiring or finding additional reserves. Further, Abraxas operates in an industry sector where the value of securities is highly volatile and may be influenced by economic and other factors beyond Abraxas’ control. In the context of forward-looking information provided for in this release, reference is made to the discussion of risk factors detailed in Abraxas’ filings with the Securities and Exchange Commission during the past 12 months.
Steve Harris/Vice President – Chief Financial Officer
Telephone 210.490.4788
This email address is being protected from spambots. You need JavaScript enabled to view it.
www.abraxaspetroleum.com
HOUSTON--(BUSINESS WIRE)--Murphy Oil Corporation (NYSE: MUR) will host a conference call and webcast beginning at 9:00 a.m. Eastern Standard Time (EST) on Thursday, January 27, 2022 to discuss fourth quarter 2021 earnings. The company plans to release its financial and operating results before the market opens that morning.
A webcast link and related presentation material will be included on the Investors page of the company’s website at http://ir.murphyoilcorp.com.
Date: Thursday, January 27, 2022
Time: 9:00 a.m. EST
Toll Free Dial-in: 888-886-7786
Conference ID: 95308225
ABOUT MURPHY OIL CORPORATION
As an independent oil and natural gas exploration and production company, Murphy Oil Corporation believes in providing energy that empowers people by doing right always, staying with it and thinking beyond possible. Murphy challenges the norm, taps into its strong legacy and uses its foresight and financial discipline to deliver inspired energy solutions. Murphy sees a future where it is an industry leader who is positively impacting lives for the next 100 years and beyond. Additional information can be found on the company’s website at www.murphyoilcorp.com.
FORWARD-LOOKING STATEMENTS
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are generally identified through the inclusion of words such as “aim”, “anticipate”, “believe”, “drive”, “estimate”, “expect”, “expressed confidence”, “forecast”, “future”, “goal”, “guidance”, “intend”, “may”, “objective”, “outlook”, “plan”, “position”, “potential”, “project”, “seek”, “should”, “strategy”, “target”, “will” or variations of such words and other similar expressions. These statements, which express management’s current views concerning future events or results, are subject to inherent risks and uncertainties. Factors that could cause one or more of these future events or results not to occur as implied by any forward-looking statement include, but are not limited to: macro conditions in the oil and natural gas industry, including supply/demand levels, actions taken by major oil exporters and the resulting impacts on commodity prices; increased volatility or deterioration in the success rate of our exploration programs or in our ability to maintain production rates and replace reserves; reduced customer demand for our products due to environmental, regulatory, technological or other reasons; adverse foreign exchange movements; political and regulatory instability in the markets where we do business; the impact on our operations or market of health pandemics such as COVID-19 and related government responses; other natural hazards impacting our operations or markets; any other deterioration in our business, markets or prospects; any failure to obtain necessary regulatory approvals; any inability to service or refinance our outstanding debt or to access debt markets at acceptable prices; or adverse developments in the US or global capital markets, credit markets or economies in general. For further discussion of factors that could cause one or more of these future events or results not to occur as implied by any forward-looking statement, see “Risk Factors” in our most recent Annual Report on Form 10-K filed with the US Securities and Exchange Commission (“SEC”) and any subsequent Quarterly Report on Form 10-Q or Current Report on Form 8-K that we file, available from the SEC’s website and from Murphy Oil Corporation’s website at http://ir.murphyoilcorp.com. Murphy Oil Corporation undertakes no duty to publicly update or revise any forward-looking statements.
Investor Contacts:
Kelly Whitley, This email address is being protected from spambots. You need JavaScript enabled to view it., 281-675-9107
Megan Larson, This email address is being protected from spambots. You need JavaScript enabled to view it., 281-675-9470
AUSTIN, Texas--(BUSINESS WIRE)--In the fourth quarter, we achieved production of more than 305,000 vehicles and deliveries of over 308,000 vehicles. In 2021, we delivered over 936,000 vehicles.
Thank you to all of our customers, employees, suppliers, shareholders and supporters who helped us achieve a great year.
Q4 2021 |
||||||
|
Production |
Deliveries |
Subject to
|
|||
Model S/X |
|
13,109 |
|
11,750 |
|
17% |
Model 3/Y |
|
292,731 |
|
296,850 |
|
5% |
Total |
|
305,840 |
|
308,600 |
|
5% |
2021 |
||||
|
|
Production |
|
Deliveries |
Model S/X |
|
24,390 |
|
24,964 |
Model 3/Y |
|
906,032 |
|
911,208 |
Total |
|
930,422 |
|
936,172 |
***************
Our net income and cash flow results will be announced along with the rest of our financial performance when we announce Q4 earnings. Our delivery count should be viewed as slightly conservative, as we only count a car as delivered if it is transferred to the customer and all paperwork is correct. Final numbers could vary by up to 0.5% or more. Tesla vehicle deliveries represent only one measure of the company’s financial performance and should not be relied on as an indicator of quarterly financial results, which depend on a variety of factors, including the cost of sales, foreign exchange movements and mix of directly leased vehicles.
Investor Relations Contact:
This email address is being protected from spambots. You need JavaScript enabled to view it.
NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Graphene & Solar Technologies, Ltd. (OTC.QB: GSTX) – a pioneering developer of critical production components for high-tech alternative energy applications and water recovery systems recently acquired Air-To-Water, LLC, a water-extraction-from-air technology company to be based in Nevada.
GSTX will manufacture Air-To-Water’s proprietary water extraction technology in the U.S. A single standalone unit can harvest 13-20 gallons (50-75 liters) of clean atmospheric water daily using solid-state technology with no moving parts, while efficiently running on electrical power, solar power and/or battery. Multiple Air-To-Water units operating in parallel can create water harvesting farms. Each unit is expected to sell for between $5,000 and $8,000 (USD), while providing an expected lifespan of over 10 years.
“We’re pleased to expand our portfolio of leading-edge technological innovations with this critically important water system,” says Roger May, CEO of GSTX. “Creative, scientific advances like this are essential to help solve many of our world’s natural resource shortages.”
According to the United Nations, 2.3 billion people reside in water-stressed countries, of which 733 million live in high and critically water-shortage areas. In the U.S., the Environmental Protection Agency expects 40 states to experience some freshwater shortages in the next ten years.
About Graphene & Solar Technologies
Graphene & Solar Technologies, Ltd. (OTC: GSTX) is a pioneering developer of critical components for high-tech alternative energy and water recovery systems, notably transparent photovoltaic (PV) solar cells/panels. These critical components include: advanced flexible and conductive thin films using nano particles; graphene and graphene-enhanced polymers; high-purity quartz sand essential for the manufacturing of PV solar panels and semiconductors; and water extraction technology. GSTX’s subsidiary, US Thin-Film Corporation, holds 120 internationally recognized, patented technologies relevant for the production of transparent, flexible solar panels that will offer expanded mounting possibilities on various surfaces, replacing many existing cumbersome, metal-framed solar installations. Located in Newport Beach, Calif., GSTX also has JV offices in Australia, Southeast Asia, Korea, the Middle East and Europe.
Forward-Looking Statements
All statements in this release that are not strictly historical facts are “forward-looking statements.” Forward-looking statements are based on GSTX’s current assumptions, beliefs and expectations. They involve risks, uncertainties and other factors that may cause GSTX’s actual results to be materially different from any results expressed or implied by such forward-looking statements.
GSTX-Investor/Media Consultant: Warren Djerf: 1-952-920-3908 or This email address is being protected from spambots. You need JavaScript enabled to view it. (U.S.)
GSTX-Corporate Office: Roger May, CEO of GSTX: 1-844-301-4000 (Australia) This email address is being protected from spambots. You need JavaScript enabled to view it. and/or This email address is being protected from spambots. You need JavaScript enabled to view it.
DALLAS--(BUSINESS WIRE)--Primoris Services Corporation (NASDAQ Global Select: PRIM) (“Primoris” or “Company”) today announced a solar award with an estimated value of more than $370 million. The contract was secured by the Company’s Energy/Renewables Segment.
“Our proven ability to execute best-in-class utility-scale solar projects continues to attract repeat business,” said Tom McCormick, President and Chief Executive Officer of Primoris. “With this new contract, our solar project backlog now exceeds $1 billion as we move into 2022.”
The award is for the engineering, procurement and construction of a utility-scale solar facility on the West Coast. Initial project construction will begin in the second quarter of 2022 with completion of the project expected in the fourth quarter of 2023.
About Primoris
Primoris Services Corporation is a leading specialty contractor providing critical infrastructure services to the utility, energy/renewables and pipeline services markets throughout the United States and Canada. The Company supports a diversified base of blue-chip customers with engineering, procurement, construction and maintenance services. A focus on multi-year master service agreements and an expanded presence in higher-margin, higher-growth markets such as utility-scale solar facility installations, renewable fuels, electrical transmission and distribution systems and communications infrastructure have also increased the Company’s potential for long-term growth. Additional information on Primoris is available at www.primoriscorp.com.
Forward Looking Statements
This press release contains certain forward-looking statements that reflect, when made, the Company’s expectations or beliefs concerning future events that involve risks and uncertainties, including the Company’s future performance. Forward-looking statements include all statements that are not historical facts and can be identified by terms such as “anticipates”, “believes”, “could”, “estimates”, “expects”, “intends”, “may”, “plans”, “potential”, “predicts”, “projects”, “should”, “will”, “would” or similar expressions. Forward-looking statements include information concerning our possible or assumed future results of operations, business strategies, financing plans, competitive position, industry environment, potential growth opportunities, the effects of regulation and the economy, generally. Forward-looking statements inherently involve known and unknown risks, uncertainties, and other factors, which may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Actual results may differ materially as a result of a number of factors, including, among other things, the risks described in Part I, Item 1A “Risk Factors” of our Annual Report on Form 10-K for the year ended December 31, 2020, and our other filings with the U.S. Securities and Exchange Commission (“SEC”). Such filings are available on the SEC’s website at www.sec.gov. Given these risks and uncertainties, you should not place undue reliance on forward-looking statements. Primoris does not undertake any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.
Brook Wootton, Vice President, Investor Relations
Primoris Services Corporation
214-545-6773, This email address is being protected from spambots. You need JavaScript enabled to view it.
SPRING, Texas--(BUSINESS WIRE)--Southwestern Energy Company (NYSE: SWN) (the “Company”) today announced the extension of its previously announced cash tender offers (the “Tender Offers”) to purchase for cash up to $300,000,000 aggregate principal amount (the “Maximum Tender Amount”) of its 4.95% Senior Notes due 2025 (the “2025 Notes”) and its 7.75% Senior Notes due 2027 (the “2027 Notes” and, together with the 2025 Notes, the “Notes”), subject to the terms and conditions described in the Company’s Offer to Purchase dated November 23, 2021 (the “Offer to Purchase”).
The Tender Offers extended expiration date is 5:00 p.m., New York City time, on December 30, 2021 (the “Extended Expiration Date”).
The terms and conditions of the Tender Offers otherwise remain unchanged and are set forth in the Offer to Purchase.
According to information received from Global Bondholder Services Corporation, the Tender Agent and Information Agent for the Tender Offers, as of 5:00 p.m., New York City Time, on December 29, 2021, the Company received $401,547,000 aggregate principal amount of 2025 Notes validly tendered (and not validly withdrawn).
Because the increased Maximum Tender Amount is exceeded by the aggregate principal amount of 2025 Notes tendered in the Tender Offers, the Company will not purchase any tendered 2027 Notes. In addition, all of the 2025 Notes validly tendered at or prior to the Extended Expiration Date, including the 2025 Notes tendered as of 5:00 p.m. New York City Time on December 7, 2021 (the “Early Tender Time”) and any additional 2025 Notes validly tendered following the Early Tender Time, will be subject to proration based on the total principal amount of 2025 Notes validly tendered at or prior to the Extended Expiration Date.
RBC Capital Markets, LLC and Wells Fargo Securities, LLC are the Lead Dealer Managers in the Tender Offers and BofA Securities, Inc., Citigroup Global Markets Inc., Mizuho Securities USA LLC and MUFG Securities Americas Inc. are Co-Dealer Managers in the Tender Offers. Global Bondholder Services Corporation has been retained to serve as the Tender Agent and Information Agent for the Tender Offers. Persons with questions regarding the Tender Offers should contact RBC Capital Markets, LLC at (toll free) (877) 381-2099 or (collect) (212) 618-7843 and Wells Fargo Securities, LLC at (toll free) (866) 309-6316 or (collect) (704) 410-4756. Requests for the Offer to Purchase should be directed to Global Bondholder Services Corporation at (toll free) (866) 807-2200 or by email to This email address is being protected from spambots. You need JavaScript enabled to view it..
None of the Company, the Dealer Managers, the Tender and Information Agent, the trustees or any of their respective affiliates (x) makes any recommendation that holders of Notes tender or refrain from tendering all or any portion of the principal amount of their Notes, and no one has been authorized by any of them to make such a recommendation or (y) except as expressly set forth herein with respect to the Company, the Dealer Managers, the Tender and Information Agent or any of their respective affiliates, makes any representations or warranties. The trustees do not assume any responsibility for the accuracy or completeness of the information concerning the Company, its affiliates or the Notes contained herein or any failure by the Company to disclose events that may have occurred and may affect the significance or accuracy of that information. Holders of Notes must make their own decision as to whether to tender their Notes, and, if so, the principal amount of Notes as to which action is to be taken.
This news release shall not constitute an offer to sell, a solicitation to buy or an offer to purchase or sell any securities. The Tender Offers are being made only pursuant to the Offer to Purchase and only in such jurisdictions as is permitted under applicable law. In any jurisdiction in which the Tender Offers are required to be made by a licensed broker or dealer, the Tender Offers will be deemed to be made on behalf of the Company by the Dealer Managers (as defined in the Offer to Purchase), or one or more registered brokers or dealers that are licensed under the laws of such jurisdiction.
About Southwestern Energy
Southwestern Energy Company is a leading U.S. producer of natural gas and natural gas liquids focused on responsibly developing large-scale energy assets in the nation’s most prolific shale gas basins. SWN’s returns-driven strategy strives to create sustainable value for its stakeholders by leveraging its scale, financial strength and operational execution.
Forward-Looking Statements
Certain statements and information in this news release may constitute “forward-looking statements.” Forward-looking statements relate to future events, including, but not limited to the Tender Offers. The words “believe,” “expect,” “anticipate,” “plan,” “predict,” “intend,” “seek,” “foresee,” “should,” “would,” “could,” “attempt,” “appears,” “forecast,” “outlook,” “estimate,” “project,” “potential,” “may,” “will,” “likely,” “guidance,” “goal,” “model,” “target,” “budget” and other similar expressions are intended to identify forward-looking statements, which are generally not historical in nature. Statements may be forward looking even in the absence of these particular words. Where, in any forward-looking statement, Southwestern Energy Company expresses an expectation or belief as to future results, such expectation or belief is expressed in good faith and believed to have a reasonable basis. Management cautions you that the forward-looking statements contained herein are not guarantees of future performance, and we cannot assure you that such statements will be realized or that the events and circumstances they describe will occur. Factors that could cause actual results to differ materially from those anticipated or implied in the forward-looking statements herein include, but are not limited to: closing the GEPH merger; the timing and extent of changes in market conditions and prices for natural gas, oil and natural gas liquids, including regional basis differentials and the impact of reduced demand for our production and products in which our production is a component due to governmental and societal actions taken in response to COVID-19 or other public health crises and any related company or governmental policies and actions to protect the health and safety of individuals or governmental policies or actions to maintain the functioning of national or global economies and markets; our ability to fund our planned capital investments; a change in our credit rating, an increase in interest rates and any adverse impacts from the discontinuation of the London Interbank Offered Rate; the extent to which lower commodity prices impact our ability to service or refinance our existing debt; the impact of volatility in the financial markets or other global economic factors; difficulties in appropriately allocating capital and resources among our strategic opportunities; the timing and extent of our success in discovering, developing, producing and estimating reserves; our ability to maintain leases that may expire if production is not established or profitably maintained; our ability to transport our production to the most favorable markets or at all; the impact of government regulation, including changes in law, the ability to obtain and maintain permits, any increase in severance or similar taxes, and legislation or regulation relating to hydraulic fracturing, climate and over-the-counter derivatives; the impact of the adverse outcome of any material litigation against us or judicial decisions that affect us or our industry generally; the effects of weather; increased competition; the financial impact of accounting regulations and critical accounting policies; the comparative cost of alternative fuels; credit risk relating to the risk of loss as a result of non-performance by our counterparties; and any other factors listed in the reports we have filed and may file with the Securities and Exchange Commission that are incorporated by reference herein. All written and oral forward-looking statements attributable to us are expressly qualified in their entirety by this cautionary statement.
Investor Contact
Brittany Raiford
Director, Investor Relations
(832) 796-7906
This email address is being protected from spambots. You need JavaScript enabled to view it.
LEAWOOD, KS--(BUSINESS WIRE)--This notice provides stockholders of Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE: TPZ) with information regarding the distribution paid on December 31, 2021 and cumulative distribution paid fiscal year-to-date.
The following table sets forth the estimated amounts of the current distribution, payable December 31, 2021 and the cumulative distribution paid this fiscal year to date from the following sources: net investment income, net realized short-term capital gains, net realized long-term capital gains and return of capital. All amounts are expressed per common share.
Tortoise Power and Energy Infrastructure Fund, Inc.
Estimated Sources of Distributions |
||||||||
|
($) Current Distribution |
% Breakdown
|
($) Total Cumulative
|
% Breakdown of the
|
||||
Net Investment Income |
0.0179 |
|
30% |
|
0.0179 |
|
30% |
|
Net Realized Short-Term Capital Gains |
0.0000 |
|
0% |
|
0.0000 |
|
0% |
|
Net Realized Long-Term Capital Gains |
0.0000 |
|
0% |
|
0.0000 |
|
0% |
|
Return of Capital |
0.0421 |
|
70% |
|
0.0421 |
|
70% |
|
Total (per common share) |
0.0600 |
|
100% |
|
0.0600 |
|
100% |
|
| Average annual total return (in relation to NAV) for the 5 years ending on 11/30/2021 | -1.57% |
|||||||
| Annualized current distribution rate expressed as a percentage of NAV as of 11/30/2021 | 4.77% |
|||||||
|
||||||||
| Cumulative total return (in relation to NAV) for the fiscal year through 11/30/2021 | 21.96% |
|||||||
| Cumulative fiscal year distributions as a percentage of NAV as of 11/30/2021 | 0.40% |
|||||||
You should not draw any conclusions about TPZ’s investment performance from the amount of this distribution or from the terms of TPZ’s distribution policies.
TPZ estimates that it has distributed more than its income and net realized capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all of the money that you invested in TPZ is paid back to you. A return of capital distribution does not necessarily reflect TPZ’s investment performance and should not be confused with "yield" or "income."
The amounts and sources of distributions reported are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon TPZ's investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. TPZ will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.
Tortoise Capital Advisors is the Adviser to the Tortoise Power and Energy Infrastructure Fund, Inc.
For additional information on these funds, please visit cef.tortoiseecofin.com.
About Tortoise
Tortoise focuses on energy & power infrastructure and the transition to cleaner energy. Tortoise’s solid track record of energy value chain investment experience and research dates back more than 20 years. As one of the earliest investors in midstream energy, Tortoise believes it is well-positioned to be at the forefront of the global energy evolution that is underway. With a steady wins approach and a long-term perspective, Tortoise strives to make a positive impact on clients and communities. To learn more, please visit www.TortoiseEcofin.com.
Cautionary Statement Regarding Forward-Looking Statements
This press release contains certain statements that may include “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, included herein are "forward-looking statements." Although the funds and Tortoise Capital Advisors believe that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the fund’s reports that are filed with the Securities and Exchange Commission. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Other than as required by law, the funds and Tortoise Capital Advisors do not assume a duty to update this forward-looking statement.
Safe Harbor Statement
This press release shall not constitute an offer to sell or a solicitation to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer or solicitation or sale would be unlawful prior to registration or qualification under the laws of such state or jurisdiction.
Maggie Zastrow
(913) 981-1020
This email address is being protected from spambots. You need JavaScript enabled to view it.
Benchmark Digital Partners Joined Effort to Harmonize Science-Based Emissions Reductions Targets and Advance Nature-Positive Corporate Climate Action
CINCINNATI--(BUSINESS WIRE)--As part of its ongoing efforts to leverage data to combat the climate crisis, Benchmark Digital Partners LLC (Benchmark) today joined the Corporate Engagement Program of the Science Based Targets Network (SBTN), a part of the Global Commons Alliance. Benchmark, a leading provider of cloud-based Environmental, Social and Governance (ESG) software solutions, knows companies can limit their greenhouse gas emissions and better safeguard against climate risks when they have built a culture of providing and acting upon accurate, timely, complete, relevant, and auditable climate-related disclosures. As a Corporate Engagement Program member, Benchmark will contribute to SBTN’s development of science-based targets and guidance that organizations can use to reduce their emissions in line with Paris Agreement goals.
By joining the Program, Benchmark is expanding the scope of its principal mission of helping companies administer data-driven decarbonization and climate risk mitigation programs by working with SBTN to ensure the world’s freshwaters, oceans, land and biodiversity are protected and restored. Benchmark will help SBTN develop science-based targets for corporate action on climate and nature, and is committed to helping road-test the methods, tools, and guidance for implementing these targets to ensure they are implementable and user-friendly.
“We believe climate-related financial disclosures, and the data that enable them, are critical for adapting to and helping reverse the climate crisis,” said Benchmark CEO and Founder, R. Mukund. “With investment-grade ESG data, companies can improve their bottom lines, gird themselves against climate impacts, and build a culture of sustainability. By joining the Corporate Engagement Program of the SBTN, we are helping our subscribers bring their organizations in line with Paris Agreement objectives. Our Sustainability and ESG disclosure solutions will support companies setting science-based targets by helping them generate, analyze, verify and report the investment-grade data needed for effective sustainability management and decision-useful ESG disclosures.”
The SBTN is a collaboration of leading global non-profits and mission-driven organizations working together to equip companies as well as cities with the guidance to set science-based targets for all of Earth’s systems. The SBTN builds upon the momentum of the Science Based Targets initiative (SBTi), which defines and promotes best practice in emissions reductions and net-zero targets rooted in climate science. The ultimate goal of the SBTN is for the world’s major companies and cities to have adopted science-based targets and taken action for climate, which companies will continue to do through the SBTi, alongside water, land, ocean, and biodiversity by 2025.
“Combating climate change is a generational effort,” continued Mukund. “And the Benchmark team is proud to be aiding in the fight. Adopting the SBTi methodology and contributing to the development of science-based targets for nature through our SBTN membership are in line with a commitment we have had since our inception and will have for decades to come.”
About Benchmark ESG™
Benchmark ESG™ enables companies to implement robust cross-functional Environmental, Social, and Governance (ESG) digital solutions – locally, globally and across diverse operating profiles. Our comprehensive cloud-based software suite features intuitive, best-practice process functionality, flexible configurations and powerful extensions. For over two decades and through Year 2020 under the Gensuite® brand, we’ve helped companies to manage safe & sustainable operations worldwide, with a focus on fast return on investment (ROI), service excellence and continuous innovation. Join over 1,500,000 users that trust Benchmark ESG™ with their software system needs for operational risk and compliance, EHS, sustainability, product stewardship and responsible sourcing.
About the Science Based Targets Network
The Science Based Targets initiative (SBTi) drives ambitious climate action in the private sector by enabling companies to set science-based emissions reduction targets.
The SBTi is a partnership between CDP, the United Nations Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature (WWF). The SBTi call to action is one of the We Mean Business Coalition commitments.
The Science Based Targets initiative (SBTi):
The change has already begun and action is gaining pace. Nearly one thousand companies worldwide are leading the transition to a net-zero economy by setting emissions reduction targets grounded in climate science through the SBTi.
Media
Jen Weaver
Benchmark Digital Partners
+1 (610) 703-8852
This email address is being protected from spambots. You need JavaScript enabled to view it.
ST. JOHN’S, Newfoundland and Labrador--(BUSINESS WIRE)--$ARR #renewableenergy--Altius Renewable Royalties (TSX:ARR) (OTCQX:ATRWF) (“ARR”) reports that Apex Clean Energy (“Apex”) has exercised a change of control-based option to redeem the remaining residual royalty financing provided by its joint venture subsidiary Great Bay Renewables (“Great Bay”). The option exercise follows the recently announced sale of a majority interest in Apex. Great Bay will retain the previously disclosed three royalties it has earned to date under the Apex investment agreement.
Under the buyout option terms, the provisional purchase consideration, including a buyout premium calculated under the investment agreement, is approximately US$70 million, $41.7 million of which is a cash payment, with the remainder representing an estimated value ascribed to the retained royalties in accordance with the agreement. There can be no assurance that the provisional value ascribed to the retained royalties under the agreement will be achieved. A formal valuation of the retained royalties will be completed 6 months following the achievement of commercial operations for each project, as prescribed by the original terms of the investment agreements, and true-up payments to Great Bay or Apex may be made at that time to account for any differences between current provisionally estimated amounts and the formal royalty valuation calculations.
About ARR
ARR is a recently formed renewable energy company whose business is to provide long-term, royalty level investment capital to renewable power developers, operators, and originators through its joint venture Great Bay Renewables. The Company combines industry expertise with innovative, partner-focused solutions to further the growth of the renewable energy sector as it fulfills its critical role in enabling the global energy transition.
Forward-Looking Information
This press release may contain forward-looking information within the meaning of applicable securities legislation, which reflects the ARR’s current expectations regarding future events. Forward-looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond the ARR’s control, that could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking information, including any true up of the provisional purchase consideration and future valuations of ARR’s royalties. Such risks and uncertainties include, but are not limited to, the factors discussed under “Risk Factors” in ARR’s Annual Information Form and most recent Management Discussion & Analysis. ARR does not undertake any obligation to update such forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.
Neither the Toronto Stock Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.
Flora Wood
This email address is being protected from spambots. You need JavaScript enabled to view it.
1.877.576.2209
Direct: +1(416)346.9020
Ben Lewis
This email address is being protected from spambots. You need JavaScript enabled to view it.
1.877.576.2209
DUBLIN--(BUSINESS WIRE)--The "Global Industrial Gas Pipeline Infrastructure 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 Industrial Gas Pipeline Infrastructure demand stood at 38 Million Tonnes in 2020 and is forecast to reach 58.09 Million Tonnes by 2030, growing at a healthy CAGR of 4.35% until 2030.
Industrial gas pipeline infrastructure refers to the network of pipelines which are used to transport industrial gases. Based on gas type the market can be segmented into hydrogen, oxygen, nitrogen, synthetic gas, and argon. Industrial gases are basically environmental gases which are necessary for industrial operations. Growing demand of hydrogen and oxygen coupled with the lack of gas manufacturing infrastructure in remote areas globally is projected to drive the demand of industrial gas pipeline infrastructure during the forecast period. Additionally, upcoming plans of hydrogen powered cities like the South Korea government's plan of having three hydrogen powered cities and development of a hydrogen economy is going to create a need for hydrogen pipeline thus generating the demand for industrial gas pipeline infrastructure. Moreover, increasing old age population and prevalence of chronic diseases is going to create demand for oxygen globally, this is also an influencing factor supporting demand rise for industrial gas pipeline infrastructure.
In 2020, the spread of COVID-19 in major global economies caused nationwide lockdowns which had an impact on a number of industries. The demand for medical gases saw a sudden surge. This had an impact on the demand of industrial gas pipeline infrastructure for the first half of 2020. The demand for industrial gas pipeline infrastructure grew during the coronavirus pandemic. Factors like rapid urbanization, expansion of industries across the developing nations and consistent government support to improve the gas accessibility along with growing need to upgrade the existing network to satisfy the rapidly increasing demand will aid to the growth of the market in the future five years.
Region wise, Asia pacific region holds the major share of global demand for industrial gas pipeline infrastructure due to increasing demand of industrial gases such as nitrogen, hydrogen, argon, etc. Moreover, increasing population and per capita income in emerging economies like India and China coupled with growing number of industries using industrial gas pipeline infrastructure is another factor influencing demand growth in the Asia Pacific region.
Major players for industrial gas pipeline infrastructure globally include Air Liquide SA, Linde Group, Air Products & Chemicals Inc., Taiyo Nippon Sanso Corporation, Yingde Gases Company Group Limited, Messer Group GmbH, Iwatani Corporation, Air Water Inc., Australian Gas Infrastructure Group, Gulf Cryo, Buzwair Industrial Gases Factories, Shanghai Chinllenge Gases Co., Ltd., Hangzhou Hangyang Co.,Ltd., Saudi Arabia Basic Industries Corporation HyGear, Iceblick Ltd
Objective of the Study:
Key Topics Covered:
1. Global Industrial gas pipeline infrastructure Market Outlook, 2015-2030
1.1. Capacity, By Volume
1.1.1. By Company
1.2. Production, By Volume
1.2.1. By Company
1.3. Operating Efficiency
1.3.1. By Company
2. Global Industrial gas pipeline infrastructure Demand Outlook, 2015-2030, By Volume
2.1. By Operation
2.2. By Gas Type
2.3. By Region
2.4. By Company
3. North America Industrial gas pipeline infrastructure Market Outlook, 2015-2030
4. North America Industrial gas pipeline infrastructure Demand Outlook, 2015-2030, By Volume
5. Asia Pacific Industrial gas pipeline infrastructure Market Outlook, 2015-2030
6. Asia Pacific Industrial gas pipeline infrastructure Demand Outlook, 2015-2030, By Volume
7. Europe Industrial gas pipeline infrastructure Market Outlook, 2015-2030
8. Europe Industrial gas pipeline infrastructure Demand Outlook, 2015-2030, By Volume
9. MEA Industrial gas pipeline infrastructure Market Outlook, 2015-2030
10. MEA Industrial gas pipeline infrastructure Demand Outlook, 2015-2030, By Volume
11. South America Industrial gas pipeline infrastructure Market Outlook, 2015-2030
12. South America Industrial gas pipeline infrastructure 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/7hc2fe
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
This email address is being protected from spambots. You need JavaScript enabled to view it.
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Offshore Source keeps you updated with relevant information concerning the Offshore Energy Sector.
Any views or opinions represented on this website belong solely to the author and do not represent those of the people, institutions or organizations that Offshore Source or collaborators may or may not have been associated with in a professional or personal capacity, unless explicitly stated.