TORONTO--(BUSINESS WIRE)--#PVsolar--Silfab Solar, North America’s leading PV module manufacturer, today announced a 2022 agreement with Titan Solar Power, the nation’s Top Residential Solar Rooftop Contractor(*), to continue deliveries of the most advanced, reliable and highest-efficiency solar panels on the market.
Titan will install Silfab’s latest North American manufactured series including the Silfab Prime, the highest-performing module for residential and commercial installations backed by the nation’s leading warranty.
“Silfab has been a strong partner since 2018. Their premium product and overall reliability resonate well with our sales dealers and homeowners across the United States,” said David Williamson, Titan’s CEO and Co-Founder. “Silfab’s North American manufacturing locations and strong customer service ensure seamless communication and deliveries directly with the more than 30 warehouses we support.”
“Titan is the industry’s leading installer. Titan already has installed more than 500,000 Silfab modules across 18 states,” said Geoff Atkins, Silfab’s Head of Business Development and Marketing. “This agreement allows Silfab to continue supporting a trusted partner who has a reputation centered entirely on quality.”
Silfab has significantly expanded production capacity in North America with the latest in automated technology, continued superior engineering and its well-known strict quality control measures. Earlier this year, Silfab announced the opening of a second production facility in Washington as well as a multi-million-dollar strategic investment from ARC Financial Corp. to significantly expand Silfab’s USA solar manufacturing and supply chain footprint.
Based in Arizona, Titan Solar Power has grown to become the leading residential solar company in the country. Titan current installs in 18 states with 35 office locations and its footprint continues to expand into new markets across the country.
About Silfab Solar
Silfab Solar is the North American leader in the design, development and manufacture of ultra-high-efficiency, premium quality PV modules. Silfab leverages 40 years of solar experience and best-in-class technologies to produce the highest-rated solar modules from facilities in the state of Washington and Toronto, Canada. Each facility features multiple automated ISO 9001-2015 quality certified production lines utilizing just-in-time manufacturing to deliver Buy American-approved PV modules specifically designed for and dedicated to the North American market.
About Titan Solar Power
Titan Solar Power partners with like-minded solar sales companies to deliver world-class installations with industry-leading customer experience. Titan handles all aspects of a solar module installation. “We take pride in our work and know that it will stand the test of time. Solar is what we do and what we excel at.” As a Titan partner, you can rest assured we are just as committed to ensuring every one of your customers are elated with their decision to go solar. https://titansolarpower.com
(*) Titan Solar Power has consistently been ranked by Solar Power World as the nation’s Top Residential Solar Contractor.
Media Contact for Silfab Solar:
Geoff Atkins
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Tel: +1-905-255-2501 Ext. 737
Media Contact for Titan Solar Power:
Samantha Jones
PR/Marketing Director
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ANAHEIM, Calif.--(BUSINESS WIRE)--$WLDN--Willdan Group, Inc. (NASDAQ: WLDN) announced today that New York City Housing Authority (NYCHA) selected Willdan through a technical engineering competition to provide innovative thermal load solutions for greenhouse gas emissions reduction at Tilden and Pink Houses. This $90 million design-build contract upgrades the heating and hot water infrastructure at multifamily housing facilities and introduces innovative electrification measures, reducing greenhouse gas emissions in accordance with NYCHA’s sustainability agenda.
These upgrades also aim to improve resident comfort indoors, domestic hot water availability, and heating reliability. As part of the winning design, Willdan proposed advanced heat pumps for both Tilden and Pink Houses and an innovative heating technology for Tilden Houses that provides new electrical heating panels that will allow the residents to control the temperature in each room. This heating technology is popular in Northern Europe and has been proven to be safe and comfortable in high-end hotels and offices throughout the world. More information about this technology and its benefits will be provided to Tilden residents prior to deployment. Other enhancements include central plant upgrades and air-to-water heat pumps for domestic hot water production.
“Addressing climate change and creating a greener, more sustainable world is one of the most pressing issues of our time,” said NYCHA Chair & CEO Greg Russ. “The partnership that we have established with the Willdan Group will allow us to significantly reduce greenhouse gas emissions at these developments while delivering meaningful eco-friendly upgrades at the same time.”
“Our innovative design was competitively selected to best execute a key strategy in NYCHA’s Climate Mitigation Roadmap,” said Tom Brisbin, Willdan’s CEO and Chairman. “This project helps achieve a core pillar of NYCHA’s vision to ‘build back better’ to meet a majority of building energy needs through low- or no-carbon sources. This win demonstrates that Willdan can provide innovative electrification solutions that can achieve some of the world’s most aggressive climate goals.”
This contract targets at least 80% reduction in greenhouse gas emissions, compliant with New York City’s Local Law 97. Willdan’s design can serve as a model for other high-rise buildings across the country. The design phase is scheduled to continue through 2021, with construction scheduled to begin in November of 2021 (Pink Houses) and January of 2022 (Tilden Houses).
About NYCHA
The New York City Housing Authority (NYCHA), the largest public housing authority in North America, was created in 1935 to provide decent, affordable housing for low- and moderate-income New Yorkers. NYCHA is home to roughly 1 in 15 New Yorkers across over 177,000 apartments within 335 housing developments. NYCHA serves over 350,000 residents through the conventional public housing program (Section 9), over 20,000 residents at developments that have been converted to PACT/RAD, and over 75,000 families through federal rent subsidies (the Section 8 Leased Housing Program). In addition, NYCHA connects residents to opportunities in financial empowerment, business development, career advancement, and educational programs. With a housing stock that spans all five boroughs, NYCHA is a city within a city.
About Willdan
Willdan is a nationwide provider of professional technical and consulting services to utilities, government agencies, and private industry. Willdan’s service offerings span a broad set of complementary disciplines that include electric grid solutions, energy efficiency and sustainability, engineering and planning, and municipal financial consulting. For additional information, visit Willdan's website at www.willdan.com. For additional information, visit Willdan's website at www.willdan.com. Follow Willdan on LinkedIn, Facebook, and Twitter.
Forward-Looking Statements
Statements in this press release that are not purely historical are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. It is important to note that Willdan’s actual results could differ materially from those in any such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, the risk factors listed from time to time in Willdan’s reports filed with the Securities and Exchange Commission, including, but not limited to, the Annual Report on Form 10-K filed for the year ended January 1, 2021. Willdan cautions investors not to place undue reliance on the forward-looking statements contained in this press release. Willdan disclaims any obligation to, and does not undertake to, update or revise any forward-looking statements in this press release.
Al Kaschalk
VP Investor Relations
310-922-5643
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New company marries fintech and cleantech to offer consumers a low cost path to EV ownership
LOS ANGELES--(BUSINESS WIRE)--#EV--Hive Technologies Inc., the company unlocking the full carbon benefit of electric vehicles (EVs), today announced $30 million in new funding. The investment accelerates the company’s vision to ensure that future generations benefit from cleaner air quality by expanding affordable access to EVs and renewable energy-based charging infrastructure. This combination is critical to expedite EVs’ full carbon reduction potential. Hive’s unique model reduces the ROICO2 (Return on Invested Carbon Dioxide) of EVs to one year, down from approximately seven on average with today’s utilization. To achieve this vital carbon benefit, Hive taps a convergence of proven technologies including high range EVs, IOT, iSun, Inc.’s (NASDAQ: ISUN) modular solar charging capabilities, and energy storage. Coming out of stealth, today’s funding will be used to develop Hive's proprietary fintech solution, put an initial 1,000 high mileage EV users on a path to EV ownership, and deploy 50 solar-powered, direct current fast charger (DCFC)-enabled Hive mobility hubs eliminating 12,000 tonnes of C02 and saving 1.2 million gallons of fuel every year.
“Adoption follows price. Hive opens up access to EVs as a more affordable option by lowering the average income required to get financing for an EV by nearly 40 percent. In Hive’s model, the vehicle is the ‘razor,’ and energy services are the ‘razor blades’ that Hive will supply over the long operational life of each EV,” said Mathias Thomsen, co-founder and CEO, Hive. “By lowering barriers to EV adoption for those who drive the most we unleash a flywheel effect that increases overall demand for EVs alongside both network density and utilization, solving the adoption challenges that have held back EVs and fully renewable EV charging to date.”
“Transitioning drivers to EVs is a critical part of any net zero plan. We are excited to work with Hive in rolling out an innovative, flexible, and convenient solution for high mileage drivers starting with those participating in the gig economy,” said Trent Yang, President and co-founder, Galway Sustainable Capital. “Galway’s capital will be used for both acquiring vehicles as well as corporate equity as Hive looks towards significant growth in 2022. Hive is taking a clean sheet approach to a massive market opportunity that is still in the early stages of a sea change; we have high conviction and look forward to being long-term partners.”
“The realization of the long-promised climate benefit of EVs is dependent on getting more drivers on a path to EV ownership. Most EVs today are driven by affluent consumers who charge at home. A multi-dimensional solution is needed to ensure ownership can be achieved more quickly and through a mileage-based model, which is what we’ve developed at Hive,” said Boyd Bishop, co-founder and COO, Hive. “Our clean sheet model ensures rapid EV adoption and the viability of renewable energy services as EVs go mainstream. We look forward to working with automobile manufacturers to deliver this higher ROICO2 for their EVs, auto finance and traditional car rental companies to open up utilization opportunities for new and off-lease EVs, and with forward thinking site hosts to pioneer the installation of our modular, scalable, and easy-to-deploy renewable energy hubs.”
“Hive’s vision for accessible EV ownership directly complements iSun’s mission to accelerate the adoption of innovative technologies that improve lives,” Jeff Peck, CEO of iSun, Inc. “We’re proud to partner with them and excited to help them accelerate the adoption of both EVs and solar energy.”
Today’s financing comes from an international group of investors including iSun, Inc. (NASDAQ: ISUN), Galway Sustainable Capital, and Los Angeles Cleantech Incubator’s Impact Fund, LACI as well as strategic individuals from the renewables and real estate sectors, aligned to Hive’s Environmental, Social, and Governance (ESG) objectives.
About Hive
Hive wants mass market consumers to have, and use, their EVs - a lot. By sitting at the nexus of proven technologies such as high range EVs, IOT, modular solar charging, and energy storage, Hive has created innovative fintech solutions to bring EVs to this massive, yet underserved market segment. The company is uniquely positioned to put drivers on a path to EV ownership on timelines significantly shorter than traditional car leases and loans. Hive also plans to offer renewable energy services to consumers with more moderate mileage, tapping into the increasing renewable energy oversupply.
Founded in 2020 and formerly known as Gemini, Hive is backed by an international investor syndicate that includes iSun Energy and Los Angeles Cleantech Incubators Impact Fund, LACI. The Hive team is made up of alumni from Uber, Fair Financial, Airbus, U.S. Army, Boston Consulting Group, Harvard Business School and London Business School to deliver technology and infrastructure in support of the ultimate goal of clean air for future generations. For more information please visit: https://www.drivehive.com/
Media:
Kate Gundry
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617-797-5174
ROCKVILLE, Md.--(BUSINESS WIRE)--#communitysolar--Expanding its nationwide asset portfolio, Standard Solar, Inc., a recognized leader in the ownership, operation, funding and development of commercial and community solar assets, today announced it has acquired 10 megawatts of community solar projects in Oregon.
“This latest acquisition underscores the company’s expansion in the burgeoning Oregon market and across the U.S.,” said Mike Streams, Standard Solar’s Chief Development Officer. “These projects match our aggressive growth strategy, buying great projects that we will own for the long-term and taking strides to boost our nation’s clean energy transition and economy.”
The energy produced by the three ground-mount community solar arrays will allow residents and businesses in the Portland General Electric (PGE) and Pacific Power service territories to benefit from clean energy savings by offsetting their electricity bills with solar energy. Additionally, these projects include a 10 percent savings to low-to-moderate income (LMI) subscribers.
“This portfolio of projects contributes directly to Oregon’s clean energy economy by providing additional revenue through taxes, local economic development for the state and local governments, job creation and providing a clean, renewable energy source to residents, businesses and towns,” said Eric Partyka, Director of Business Development, Standard Solar.
All three projects are expected to commence construction over the next 12 months.
About Standard Solar
Standard Solar is powering the nation’s energy transformation – channeling its project development capabilities, financial strength and technical expertise to deliver the benefits of solar, as well as solar + storage, to businesses, institutions, farms, governments, communities and utilities. Building on 17 years of sustainable growth and in-house and tax equity investment capital, Standard Solar is a national leader in the development, funding and long-term ownership and operation of commercial and community solar assets. Recognized as an established financial partner with immediate, deep resources, the company owns and operates more than 250 megawatts of solar across the United States. Standard Solar is based in Rockville, Md. Learn more at standardsolar.com, LinkedIn and Twitter: @StandardSolar.
For project acquisition and development inquiries, contact Eric Partyka, Director of Project Development, 443-350-1776, This email address is being protected from spambots. You need JavaScript enabled to view it. and on LinkedIn.
PR:
Leah Wilkinson
Wilkinson + Associates
703-907-0010
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GARDEN VALLEY, Texas--(BUSINESS WIRE)--Mercy Ships is pleased to announce a second $50 million gift from Harry and Linda Fath of Cincinnati, Ohio. These two gifts are the largest donations in Mercy Ships history.
Harry and Linda first learned of the incredible work Mercy Ships was doing while watching a CBS 60 Minute segment. They were so inspired that they sent a donation the next day. Don Stephens, the Founder, called Harry a few days later to thank them.
Harry had many questions and the more he heard the more intrigued he became and planned a visit to Don at Mercy Ships home office in Garden Valley, Texas. He gained a better understanding of how this amazing organization started and where they are today. Importantly, he learned that there was no cost for any medical care. Everyone on board is a volunteer and they pay room and board and all their transportation costs.
The visit was both enlightening and inspirational for Harry. He learned of Mercy Ships desire for a new second ship that could more than double the life changing care that Mercy Ships provides.
Don suggested Harry visit the current ship and see first-hand what they are accomplishing. Arrangements were made for Harry, his daughter Heather (who had done missionary work in Africa) and the Director of the Cincinnati Zoo, Thane Maynard to go to Benin, Africa where the ship was docked. Upon his return, the Fath’s decided to make their first $50 million gift.
Harry commented on his time spent onboard the ship. “Not only did I witness the transformations occurring in patients’ lives after receiving medical care, but I was truly inspired and overwhelmed by the Mercy Ships volunteers. When I thought of the personal sacrifices these volunteers make to help other people with debilitating medical issues and yet they are the happiest most compassionate individuals I have ever seen in my life. There’s a lesson there. Linda and I hope that our donation will inspire others.”
Don Stephens, Founder of Mercy Ships said, “We are grateful to Harry and Linda Fath for their generous donation. They deeply care about our mission and feel called upon to contribute and support the organization’s efforts. Together, we can make a difference in tens of thousands of lives in Africa today and in the future.”
The Fath’s original donation of $50 million was designated to assist in the construction and delivery of the Global Mercy®, currently in Antwerp, Belgium for outfitting for service as the world’s largest non-governmental hospital ship.
With 12 decks, the Global Mercy is equipped with six surgical operating rooms and a specialized training platform for African surgeons, obstetricians, dentists, and anesthesiologists including a simulation laboratory for surgical and post-operative care. The Global Mercy will allow Mercy Ships to more than double the number of people receiving hope and healing.
Why Africa? Mercy Ships focuses their mission to the medical needs found in sub-Saharan Africa where 93% of the population have little or no access to healthcare. With only two physicians per 10,000 people, many lack access to even basic medical facilities, let alone safe surgical care. African heads of state have repeatedly invited Mercy Ships to their nations, not only to address the lack of surgery but also to train their healthcare professionals ‘in country’.
The legacy donation of $50 million by Harry and Linda Fath, is to be used as a matching challenge grant for strategic investment in the future.
Through free, life-saving surgeries, healthcare education and specialty training, the vision to transform lives by bringing hope and healing has guided Mercy Ships since the beginning.
The Africa Mercy®, the current ship draws volunteers from over 60 nations — an average of more than 1,200 volunteers each year including surgeons, nurses, dentists, healthcare trainers, chefs, teachers, seafarers, as well as many more professions. And with the debut of the newest ship, the Global Mercy, more volunteers than ever will be needed onboard the two hospital ships bringing hope and healing where it is needed most. Information on volunteering can be found at www.mercyships.org/makeyourmark.
ABOUT MERCY SHIPS
Mercy Ships uses hospital ships to deliver free, world-class healthcare services, capacity building, and sustainable development to those with little access in the developing world. Founded in 1978 by Don and Deyon Stephens, Mercy Ships has worked in more than 55 developing countries, providing services valued at more than $1.7 billion and directly benefitting more than 2.8 million people. With 16 national offices and an Africa Bureau, Mercy Ships seeks to transform individuals and serve nations. For more information click on www.mercyships.org.
Laura Rebouché
U.S. National Media Relations Director
Mercy Ships
Office: +1 903.939.7000
Direct: +1 903.939.7127
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
https://mercyships.org/press
Blending hydrogen into the existing natural gas infrastructure provides long-term benefits for energy storage and resiliency
LOS ANGELES & SAN JOSE, Calif.--(BUSINESS WIRE)--$BE #hydrogen--Southern California Gas Co. (SoCalGas), the nation's largest natural gas distribution utility, and Bloom Energy (NYSE:BE) today announced a project to showcase the future of the hydrogen economy and the technologies needed to help California reach carbon neutrality. The companies will collaborate to generate and then blend hydrogen into a university customer’s existing natural gas network to demonstrate how the natural gas infrastructure can be decarbonized, while balancing future energy supply and demand. The project is set to launch next year on the campus of the California Institute of Technology (Caltech) in Pasadena.
“California has ambitious climate goals, and a successful energy transition will require companies to collaborate and implement innovative projects,” said California State Assembly member Chris Holden. “This unique demonstration could help our state transition to a carbon neutral future.”
The collaboration will utilize Bloom Energy’s solid oxide, high temperature electrolyzer to generate hydrogen, which will then be injected into Caltech’s natural gas infrastructure. The resulting 10 percent hydrogen blend will be converted into electricity without combustion through existing Bloom Energy fuel cells downstream of the SoCalGas meter, producing electricity for a portion of the university. For the purpose of this project, the electrolyzer is designed to generate hydrogen from grid electricity.
At scale, the electrolyzer and fuel cell combination could enable long duration clean energy storage and low-carbon distributed power generation through the gas network for businesses, residential neighborhoods, and dense urban areas. When configured as a microgrid, it could also provide resilient power when and where energy is needed most, protecting businesses, campuses or neighborhoods from widespread power outages.
“We need to pursue a diverse set of decarbonization levers,” said Maryam Brown, president, SoCalGas. “Projects like this expand and accelerate clean fuel initiatives, which will help decarbonize California faster.”
Bloom’s high-temperature electrolyzer produces hydrogen more efficiently than low-temperature PEM and alkaline electrolyzers. Because it operates at high temperatures, the Bloom Electrolyzer requires less energy to break up water molecules and produce hydrogen. Electricity accounts for nearly 80 percent of the cost of hydrogen from electrolysis. By using less electricity, hydrogen production becomes more economical and will accelerate adoption. The Bloom Electrolyzer is also designed to produce green hydrogen from 100 percent renewable power.
“With our technology and collaborations like this one, Bloom Energy continues to lead advancements in decarbonizing today’s energy system and accelerating a hydrogen-fueled economy,” said Sharelynn Moore, executive vice president and chief marketing officer, Bloom Energy. “Enabling both the production and utilization of hydrogen, Bloom Energy’s solutions are well-suited to support use of the natural gas network to reduce carbon emissions while bolstering energy resilience.”
A new economy-wide technical analysis released by SoCalGas revealed that fuel cell technology, powered by clean fuels like hydrogen, can provide additional reliability and resiliency that will be in increasing demand as California moves towards its decarbonization goals.
Today, SoCalGas is actively engaged in more than 10 pilot projects related to hydrogen, including its award-winning H2 Hydrogen Home. SoCalGas is also evaluating the potential to use existing infrastructure for transporting hydrogen through testing and demonstration at its engineering analysis center and is collaborating with California's other gas utilities and research institutions to develop a hydrogen blending standard for regulatory review.
Bloom Energy is engaged with industry leaders to accelerate the global hydrogen economy, including projects related to producing low-cost, green hydrogen and utilizing nuclear energy to create clean hydrogen.
To learn more about SoCalGas’ net zero goals, please visit: socalgas.com/mission
To see how Bloom Energy is powering the future, visit: bloomenergy.com/technology/powering-the-future/
About SoCalGas
Headquartered in Los Angeles, SoCalGas® is the largest gas distribution utility in the United States. SoCalGas delivers affordable, reliable, and increasingly renewable gas service to 21.8 million consumers across 24,000 square miles of Central and Southern California. Gas delivered through the company's pipelines will continue to play a key role in California’s clean energy transition—providing electric grid reliability and supporting wind and solar energy deployment.
SoCalGas' mission is to build the cleanest, safest and most innovative energy company in America. In support of that mission, SoCalGas is committed to the goal of achieving net-zero greenhouse gas emissions in its operations and delivery of energy by 2045 and to replacing 20 percent of its traditional natural gas supply to core customers with renewable natural gas (RNG) by 2030. Renewable natural gas is made from waste created by dairy farms, landfills, and wastewater treatment plants. SoCalGas is also committed to investing in its gas delivery infrastructure while keeping bills affordable for customers. SoCalGas is a subsidiary of Sempra (NYSE: SRE), an energy services holding company based in San Diego. For more information visit socalgas.com/newsroom or connect with SoCalGas on Twitter (@SoCalGas), Instagram (@SoCalGas) and Facebook.
About Bloom Energy
Bloom Energy’s mission is to make clean, reliable energy affordable for everyone in the world. Bloom’s product, the Bloom Energy Server, delivers highly reliable and resilient, always-on electric power that is clean, cost-effective, and ideal for microgrid applications. Bloom’s customers include many Fortune 100 companies and leaders in manufacturing, data centers, healthcare, retail, higher education, utilities, and other industries. For more information, visit www.bloomenergy.com.
This press release contains statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on assumptions with respect to the future, involve risks and uncertainties, and are not guarantees. Future results may differ materially from those expressed in any forward-looking statements. These forward-looking statements represent our estimates and assumptions only as of the date of this press release. We assume no obligation to update or revise any forward-looking statement as a result of new information, future events or other factors. In this press release, forward-looking statements can be identified by words such as "believes," "expects," "anticipates," "plans," "estimates," "projects," "forecasts," "should," "could," "would," "will," "confident," "may," "can," "potential," "possible," "proposed," "in process," "under construction," "in development," "target," "outlook," "maintain," "continue," “goal,” “aim,” “commit,” or similar expressions, or when we discuss our guidance, priorities, strategy, goals, vision, mission, opportunities, projections, intentions or expectations. Factors, among others, that could cause actual results and events to differ materially from those described in any forward-looking statements include risks and uncertainties relating to: decisions, investigations, regulations, issuances or revocations of permits and other authorizations, renewals of franchises, and other actions by (i) the California Public Utilities Commission (CPUC), U.S. Department of Energy, and other regulatory and governmental bodies and (ii) states, counties, cities and other jurisdictions in the U.S. in which we do business; the success of business development efforts and construction projects, including risks in (i) completing construction projects or other transactions on schedule and budget, (ii) the ability to realize anticipated benefits from any of these efforts if completed, and (iii) obtaining the consent of partners or other third parties; the resolution of civil and criminal litigation, regulatory inquiries, investigations and proceedings, and arbitrations, including, among others, those related to the natural gas leak at the Aliso Canyon natural gas storage facility; actions by credit rating agencies to downgrade our credit ratings or to place those ratings on negative outlook and our ability to borrow on favorable terms and meet our substantial debt service obligations; actions to reduce or eliminate reliance on natural gas, including any deterioration of or increased uncertainty in the political or regulatory environment for local natural gas distribution companies operating in California; weather, natural disasters, pandemics, accidents, equipment failures, explosions, acts of terrorism, information system outages or other events that disrupt our operations, damage our facilities and systems, cause the release of harmful materials, cause fires or subject us to liability for property damage or personal injuries, fines and penalties, some of which may not be covered by insurance, may be disputed by insurers or may otherwise not be recoverable through regulatory mechanisms or may impact our ability to obtain satisfactory levels of affordable insurance; the availability of natural gas and natural gas storage capacity, including disruptions caused by limitations on the withdrawal of natural gas from storage facilities; the impact of the COVID-19 pandemic on capital projects, regulatory approvals and the execution of our operations; cybersecurity threats to the storage and pipeline infrastructure, information and systems used to operate our businesses, and confidentiality of our proprietary information and personal information of our customers and employees, including ransomware attacks on our systems and the systems of third-party vendors and other parties with which we conduct business; volatility in inflation and interest rates and commodity prices and our ability to effectively hedge these risks; changes in tax and trade policies, laws and regulations, including tariffs and revisions to international trade agreements that may increase our costs, reduce our competitiveness, or impair our ability to resolve trade disputes; and other uncertainties, some of which may be difficult to predict and are beyond our control. Some of these risks and uncertainties are further discussed in the reports that Sempra and Bloom Energy have filed with the U.S. Securities and Exchange Commission (SEC). These reports are available through the EDGAR system free-of-charge on the SEC's website, www.sec.gov, on Sempra’s website, www.sempra.com, and Bloom Energy’s website, www.bloomenergy.com. Investors should not rely unduly on any forward-looking statements. Neither party undertakes any obligation to revise or publicly update any forward-looking statements unless if and as required by law.
MEDIA CONTACTS:
Bloom Energy
Jennifer Duffourg
(480) 341-5464
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SoCalGas
Elizabeth Rodil
(213) 418-5252
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INVESTOR RELATIONS:
Bloom Energy
Edward Vallejo
(267) 370-9717
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Cleantech integrator pledges to achieve net zero carbon emissions by 2040.
FRAMINGHAM, Mass.--(BUSINESS WIRE)--#carbonreduction--Ameresco, Inc., (NYSE: AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy, today released its 2021 Environmental, Social and Corporate Governance (ESG) report. The report centers on the theme of “Doing Well by Doing Good: Innovation. Action. Integrity.” which reflects the company’s ESG programs, strategic initiatives, and commitments for the future.
The 2021 ESG report highlights Ameresco’s practices pertaining to business and operations, environmental advocacy and impact, employee engagement, giving back, health and safety, and corporate responsibility. Publicly sharing the initiatives, performance metrics, and targets supports the company’s accountability to stakeholders and long-term focus on sustainability.
Since its inception in 2000, sustainability has always been at the forefront of Ameresco’s business – from energy saving customer projects and clean energy generation assets, to workplace green initiatives and giving back to local communities. Since going public in 2010, the company’s renewable energy assets and customer projects have delivered a cumulative carbon offset over 60 million metric tons of carbon dioxide. As detailed in the 2021 report, this is only the beginning of the company’s relentless pursuit of a net zero future as the firm has committed to reduce its customers’ carbon footprint by a cumulative 500 million metric tons by 2050.
In addition to delivering innovative energy solutions to customers, the company looked inward in 2021 to establish new programs and practices designed to increase impact, transparency, and accountability. Throughout the ESG report, Ameresco has unveiled long-term commitments grounded in contributing to a decarbonized, resilient, energy secure, and equitable future.
“Climate change is the issue of our generation, and we must act now and make it a top priority,” said President and CEO of Ameresco, George Sakellaris. “We must think creatively to play an integral role in the transformation of the energy industry and the resolution of climate issues. We have an opportunity before us to change the trajectory of the energy industry in collaboration with our customers, partners, and communities. Our commitment to net zero is unwavering, and we have never been more prepared to take action.”
The company has pledged to achieve net zero carbon operations by 2040 for scope 1 and scope 2 emissions and will establish greenhouse gas emissions reduction targets through the Science Based Targets initiative by 2025 to validate net zero targets with science-based certification. The company leveraged their own smart AssetPlanner® software – developed for customers and prospects to analyze their own carbon footprint. Ameresco’s 2019 carbon baseline and 2020 carbon inventory are detailed in the report, along with background on initial steps in their strategy to destination: net zero.
The company has committed to continue investing in a workforce that empowers, unites, and inspires – many stories of which can be found within the report, and to increase the diversity of their global workforce and celebrate unique backgrounds, creative differences, and the individual experiences that make the One Ameresco team. Investment in employee engagement programs in 2021 included a companywide learning management system, an employee recognition system, and enhanced mental health and well-being benefits.
In addition to a continued focus on employees, Ameresco is deeply committed to C.A.R.I.N.G. for their local communities. As a new benefit in 2021, the company provided every employee with 16 volunteer hours, hosted several regional volunteer opportunities, and instituted a new employee donation matching program. Over 1,000 hours were volunteered across Ameresco’s global footprint and over $75,000 in employee donations to over 60 non-profit 501(c)(3) organizations were matched through September 30, 2021.
With a relentless focus on stringent health and safety compliance, safe technical infrastructure, and meaningful corporate ethics, Ameresco’s governance practices are designed to ensure that complex energy projects are executed with the highest level of integrity. The report details the firm’s continued commitment to achieve world class safety performance with a target zero accidents and injuries, cybersecurity best practices, and increased leadership diversity.
Ameresco’s ESG Ambassadors – which includes team members across various functions and geographies – set out in 2021 to engage stakeholders companywide in bringing the company’s ESG programs and goals to fruition. Initiated in 2020, the group’s focus is to understand and communicate the many ways ESG is intertwined and strategically pursued in the company’s operations. The company plans to continue investing additional resources into its overall ESG programs for years to come.
“As the Executive Chair of our ESG Ambassador group, I am personally and professionally energized by the heightened awareness of ESG across all markets, and I am thrilled by the way organizations are taking action with conviction and at scale. Our strategic ESG initiatives in 2021 have run in parallel with customer projects focused on meaningful decarbonization. The global emphasis on climate change, environmental equity, and social responsibility is a catalyst for opportunity.” said Doran Hole, Executive Chair of Ameresco’s ESG Ambassador group and Chief Financial Officer.
To view the 2021 Ameresco ESG report, please visit: http://www.ameresco.com/2021-esg-report/
To learn more about Ameresco and the company’s cleantech solutions, please visit www.ameresco.com.
About Ameresco, Inc.
Founded in 2000, Ameresco, Inc. (NYSE:AMRC) is a leading cleantech integrator and renewable energy asset developer, owner and operator. Our comprehensive portfolio includes energy efficiency, infrastructure upgrades, asset sustainability and renewable energy solutions delivered to clients throughout North America and the United Kingdom. Ameresco’s sustainability services in support of clients’ pursuit of Net Zero include upgrades to a facility’s energy infrastructure and the development, construction, and operation of distributed energy resources. Ameresco has successfully completed energy saving, environmentally responsible projects with Federal, state and local governments, healthcare and educational institutions, housing authorities, and commercial and industrial customers. With its corporate headquarters in Framingham, MA, Ameresco has more than 1,000 employees providing local expertise in the United States, Canada, and the United Kingdom. For more information, visit www.ameresco.com.
Forward-looking statements
This release contains forward-looking statements within the meaning of federal and state securities laws, including statements about our goal to achieve net zero carbon emissions by 2040, our strategies to achieve this goal, and underlying assumptions. In some cases, you can identify forward-looking statements by terms such as "may," "will," "should," "expects," "plans," "anticipates," "could," "intends," "target," "projects," "contemplates," "believes," "estimates," "predicts," "potential" or "continue" or the negative of these terms or other similar expressions. All statements other than statements of historical fact contained in this report are forward-looking statements. You are cautioned not to rely on these forward-looking statements, which are based on current expectations of future events. For important information about the risks and uncertainties that could cause actual results to vary materially from the assumptions, expectations, and projections expressed in any forward-looking statements, please refer to the “Forward-Looking Statements” and “Risk Factors” sections of our filings with the Securities and Exchange Commission, all of which can be found at https://ir.ameresco.com/sec-filings.
Media:
Ameresco: Leila Dillon, 508-661-2264, This email address is being protected from spambots. You need JavaScript enabled to view it.
Investor Relations:
Eric Prouty, AdvisIRy Partners, 212.750.5800, This email address is being protected from spambots. You need JavaScript enabled to view it.
Lynn Morgen, AdvisIRy Partners, 212.750.5800, This email address is being protected from spambots. You need JavaScript enabled to view it.
Key report findings
SYDNEY & NEW YORK--(BUSINESS WIRE)--Mawson Infrastructure Group Inc. (NASDAQ:MIGI) (“Mawson”), a digital infrastructure provider, is pleased to announce the release of a report on ‘Cryptocurrency and The Distributed Digital Economy in Australia.’
Mawson engaged EY (formerly Ernst & Young) to examine the economic impact of Australia’s cryptocurrency and digital asset sector. This was in response to the Senate Committee report entitled “Australia as a Financial and Technology Centre Final Report”. The report highlighted the opportunity which cryptocurrencies, blockchain and the digital economy could have on Australia both now and into the future.
Mawson believes that cryptocurrencies and related digital assets will help shape Australia’s future economy and sees enormous potential in this industry to drive long-term economic value.
The report found that in 2021, digital assets will contribute $2.1 billion to the Australian economy, employ 11,600 people, may reduce electricity price volatility and assist in the transition to renewable energy. The EY analysis indicates that by 2030 the impact could be $68.4 billion to the Australian economy and employ in excess of 200,000 people.
James Manning, CEO and Founder of Mawson, said: “Digital assets and infrastructure are critical ingredients to Australia’s digital and economic future. We are at a crossroads. As an industry, we desperately need a fit-for-purpose policy and regulatory framework to provide greater security and certainty to consumers and the crypto industry.
“The Bragg Report [Click Here] recommendations, in particular, represent a significant coming together of industry, regulators and government. The Bragg recommendations, if adopted, will revolutionize the Australian crypto sector and improve consumer protection, therefore driving innovation, confidence and growth in the sector.”
EY Oceania Strategy & Transactions Partner, Steve Brown said: “Overall, our analysis finds that the cryptocurrency and digital asset sector could provide significant economic benefits to the Australian economy moving forward, but that Australia does not yet have fit-for-purpose regulatory systems to promote certainty for new businesses, investors and consumers in the digital asset space.
“Well-designed standards, robust regulation and the right policy settings will be needed to drive innovation while managing unfamiliar services and providing proper safeguards. This will be pivotal to unlocking benefits to businesses and consumers as financial markets become more dispersed, more digital and more crypto-intensive.”
About Mawson Infrastructure
Mawson Infrastructure Group (NASDAQ: MIGI) is a digital infrastructure provider, with multiple operations throughout the USA and Australia. Mawson’s vertically integrated model is based on a long-term strategy to promote the global transition to the new digital economy. Mawson matches sustainable energy infrastructure with next-generation mobile data centre (MDC) solutions, enabling low-cost Bitcoin production and on-demand deployment of infrastructure assets. With a strong focus on shareholder returns and an aligned board and management, Mawson Infrastructure Group is emerging as a global leader in ESG focused Bitcoin mining and digital infrastructure.
For more information, visit: Mawsoninc.com
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
Mawson cautions that statements in this press release that are not a description of historical fact are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words referencing future events or circumstances such as “expect,” “intend,” “plan,” “anticipate,” “believe,” and “will,” among others. Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. These forward-looking statements are based upon Mawson’s current expectations and involve assumptions that may never materialize or may prove to be incorrect. Actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of various risks and uncertainties, which include, without limitation, the possibility that Mawson’s need and ability to raise additional capital, the development and acceptance of digital asset networks and digital assets and their protocols and software, the reduction in incentives to mine digital assets over time, the costs associated with digital asset mining, the volatility in the value and prices of cryptocurrencies and further or new regulation of digital assets. More detailed information about the risks and uncertainties affecting Mawson is contained under the heading “Risk Factors” included in Mawson’s Annual Report on Form 10-K filed with the SEC on March 1, 2021 and Mawson’s Quarterly Report on Form 10-Q filed with the SEC on November 15, 2021, and in other filings Mawson has made and may make with the SEC in the future. One should not place undue reliance on these forward-looking statements, which speak only as of the date on which they were made. Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Mawson undertakes no obligation to update such statements to reflect events that occur or circumstances that exist after the date on which they were made, except as may be required by law.
Investor Contact:
USA
Brett Maas
+1 646-536-7331
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www.haydenir.com
AUSTRALIA
Heath Donald
+ 61 419 426 342
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TORONTO--(BUSINESS WIRE)--Superior Plus Corp. (“Superior” or the “Corporation”) (TSX:SPB) today announced that the Corporation was subject to a ransomware incident on Sunday, December 12, 2021, which impacted the Corporation’s computer systems.
Upon learning of the incident, Superior took steps to secure its systems and mitigate the impact to the Corporation’s data and operations. Independent cybersecurity experts have been retained to assist the Corporation in dealing with the matter in accordance with industry best practices.
Superior has temporarily disabled certain computer systems and applications as it investigates this incident and is in the process of bringing these systems back online.
Superior is in the process of assessing the impact to the Corporation’s operations. At the present time, Superior has no evidence that the safety or security of any customer or other personal data has been compromised.
Superior is committed to data safety, is taking the matter very seriously and asks its customers and partners for their patience as it seeks to remediate the situation.
About Superior
Superior is a leading North American distributor and marketer of propane and distillates and related products and services, servicing over 780,000 customer locations in the U.S. and Canada.
For further information about Superior, please visit our website at: www.superiorplus.com or contact: Beth Summers, Executive Vice President and Chief Financial Officer, Tel: (416) 340-6015, or Rob Dorran, Vice President, Investor Relations and Treasurer, Tel: (416) 340-6003, E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it., Toll Free: 1-866-490-PLUS (7587).
Forward Looking Information
Certain information included in this press release may constitute “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information may include, among others, statements regarding the future plans, activities, objectives, operations, strategy, business outlook, and financial performance and condition of the Corporation, or the assumptions underlying any of the foregoing. In this press release, words such as “may”, “would”, “could”, “will”, “likely”, “believe”, “expect”, “anticipate”, “intend”, “plan”, “estimate” and similar words and the negative form thereof are used to identify forward-looking statements. Forward-looking statements should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether, or the times at or by which, such future performance will be achieved. Forward-looking information, by its very nature, is subject to numerous risks and uncertainties and is based on several assumptions which give rise to the possibility that actual results could differ materially from the Corporation’s expectations expressed in or implied by such forward-looking information and no assurance can be given that any events anticipated by the forward-looking information will transpire or occur, including but not limited to the timing for the investigation and recovery process, the impact on Superior’s business operations, future plans, activities, objectives, operations, strategy, business outlook and financial performance and condition of the Corporation.
Forward-looking information contained in this press release includes Superior’s plans to address the cyber security incident and its expected impact on Superior’s operations and the safety and security of its customers personal data. Forward-looking is provided in this press release for the purpose of giving information about Management’s current expectations and plans and allowing investors and others to get a better understanding of the Corporation’s operating environment. However, readers are cautioned that it may not be appropriate to use such forward-looking information for any other purpose.
Forward-looking information provided in this press release is based on information available at the date hereof and/or management’s good-faith belief with respect to future events and are subject to known or unknown risks, uncertainties, assumptions and other unpredictable factors, many of which are beyond the Corporation’s control. Specifically, the forward-looking statements herein are subject to the risk that the investigation of the cyber security breach is in its initial stages so the assessment of the potential impact could change over time as more information gathered. Accordingly, readers are cautioned that events or circumstances could cause results to differ materially from those predicted, forecasted or projected. Such forward-looking statements are expressly qualified by the above statements. Superior does not undertake any obligation to publicly update or revise any forward looking statements or information contained herein, except as required by applicable laws.
Beth Summers
Executive Vice President and Chief Financial Officer
Tel: (416) 340-6015
or
Rob Dorran
Vice President, Investor Relations and Treasurer
Tel: (416) 340-6003
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
Toll Free: 1-866-490-PLUS (7587).
Second Annual Report Details Company’s Strategy to Mitigate and Address Climate-Related Risk
BRENTWOOD, Tenn.--(BUSINESS WIRE)--$TSCO #esg--Tractor Supply Company (NASDAQ: TSCO), the largest rural lifestyle retailer in the United States, today released its 2020 Task Force on Climate-Related Financial Disclosures (TCFD) Report, furthering its commitment to Environmental, Social and Governance (ESG) progress and transparency.
“At Tractor Supply, we have made significant progress integrating climate-related risk awareness into our business activities and overall strategy, corporate governance and risk management,” said Hal Lawton, President and Chief Executive Officer of Tractor Supply. “We remain focused on monitoring ongoing risk and promoting sustainability through our Company actions. This TCFD report is an important component of our commitment to transparency and furthering our long-standing ESG efforts.”
The report follows Tractor Supply’s announcement of its goal to reduce its carbon footprint and achieve net zero missions across all operations by 2040. The report is in response to the Task Force on Climate-related Financial Disclosures, an organization established by the Financial Stability Board (FSB) in 2017 to promote more informed financial decisions and to improve understanding of exposure to climate-related risk. It is aligned with the TCFD’s recommendations for climate disclosure and includes information on Tractor Supply’s operations structured around four thematic areas of governance, strategy, risk management and metrics and targets.
In the TCFD Report, the Company discusses its approach to evaluating and managing climate change risks and identifying opportunities. The Company also details the next phase of its sustainability journey, including increasing efforts to procure renewable energy, continuing investments in energy efficiency and cleaner technologies, avoiding future emissions through better design of both stores and distribution centers, and enhancing its Scope 3 focus with greater transparency and reduction efforts, including new vendor engagement to drive down value chain emissions.
For more information on Tractor Supply’s ESG efforts and sustainability initiatives and to view the TCFD Report, please visit the Company’s website at IR.TractorSupply.com/ESG.
About Tractor Supply Company
Tractor Supply Company (NASDAQ: TSCO), the largest rural lifestyle retailer in the United States, has been passionate about serving its unique niche, targeting the needs of recreational farmers, ranchers and all those who enjoy living the rural lifestyle, for more than 80 years. Tractor Supply offers an extensive mix of products necessary to care for home, land, pets and animals with a focus on product localization, exclusive brands and legendary customer service for the Out Here lifestyle. With more than 45,000 Team Members, the Company’s physical store assets, combined with its digital capabilities, offer customers the convenience of purchasing products they need anytime, anywhere and any way they choose at the everyday low prices they deserve. At September 25, 2021, the Company operated 1,967 Tractor Supply stores in 49 states, a customer mobile app and an e-commerce website at www.TractorSupply.com.
Tractor Supply Company also owns and operates Petsense, a small-box pet specialty supply retailer focused on meeting the needs of pet owners, primarily in small and mid-size communities, and offering a variety of pet products and services. At September 25, 2021, the Company operated 177 Petsense stores in 23 states. For more information on Petsense, visit www.Petsense.com.
To stay up to date on all things for Life Out Here, follow Tractor Supply on Facebook, Instagram and Twitter.
Tractor Supply Company
Mary Winn Pilkington (615) 440-4212
Marianne Denenberg (615) 440-4345
Cash generating demand response opportunity for Ontario businesses using Voltus’s DER platform
SAN FRANCISCO & BOSTON--(BUSINESS WIRE)--Voltus, Inc., the leading distributed energy resource (DER) software technology platform, has cleared over 150 combined megawatts in the Ontario demand response market for the summer 2022 and winter 2022/2023 obligation periods. These capacity commitments will generate over $3 million in potential gross annual revenue for Voltus. Despite only having entered the market in 2019, Voltus is now the third-largest demand response aggregator in the province.
The Independent Electricity System Operator (IESO) procured approximately 2.1 gigawatts of total capacity in this auction. Capacity needs are expected to grow in Ontario over the coming years, as nuclear refurbishments and retirements and contract expiry of existing resources drive an increase in demand. Ontario's demand response program will be running year-round beginning in May 2022, in order to ensure system readiness and reliability as capacity needs increase.
“There has never been a better time for Ontario businesses to take advantage of their operational flexibility and enroll in demand response,” says Dana Guernsey, Voltus’s Chief Product Officer and Co-founder. “With capacity needs increasing over time, businesses have a real opportunity to help protect system reliability during critical grid events, and to get paid for doing so.”
Customers can secure their ability to start earning in summer 2022 by signing up to participate in this demand response program through Voltus today. To connect with our team about how Voltus can maximize demand response dollars for your business, reach out to us at This email address is being protected from spambots. You need JavaScript enabled to view it..
About Voltus, Inc.
Voltus is the leading platform connecting distributed energy resources to electricity markets, delivering less expensive, more reliable, and more sustainable electricity. Our commercial and industrial customers and grid services partners generate cash by allowing Voltus to maximize the value of their flexible load, distributed generation, energy storage, energy efficiency, and electric vehicle resources in these markets. To learn more, visit www.voltus.co.
Voltus previously announced an agreement for a business combination with Broadscale Acquisition Corp. (Nasdaq: SCLE), which is expected to result in Voltus becoming a public company listed on the Nasdaq in the first half of 2022, subject to customary closing conditions.
Forward-Looking Statements
This press release contains certain “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995, 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, including certain financial forecasts and projections. All statements other than statements of historical fact contained in this press release, including statements as to future results of operations and financial position, revenue and other metrics planned products and services, business strategy and plans, objectives of management for future operations of Voltus, Inc. (“Voltus”), market size and growth opportunities, competitive position and technological and market trends, are forward-looking statements. Some of these forward-looking statements can be identified by the use of forward-looking words, including “may,” “should,” “expect,” “intend,” “will,” “estimate,” “anticipate,” “believe,” “predict,” “plan,” “targets,” “projects,” “could,” “would,” “continue,” “forecast” or the negatives of these terms or variations of them or similar expressions. All forward-looking statements are subject to risks, uncertainties, and other factors which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. All forward-looking statements are based upon estimates, forecasts and assumptions that, while considered reasonable by Broadscale Acquisition Corp. (“Broadscale”) and its management, and Voltus and its management, as the case may be, are inherently uncertain and many factors may cause the actual results to differ materially from current expectations which include, but are not limited to: 1) the occurrence of any event, change or other circumstances that could give rise to the termination of the definitive merger agreement with respect to the business combination; 2) the outcome of any legal proceedings that may be instituted against Voltus, Broadscale, the combined company or others following the announcement of the business combination and any definitive agreements with respect thereto; 3) the inability to complete the business combination due to the failure to obtain approval of the stockholders of Broadscale or Voltus, or to satisfy other conditions to closing the business combination; 4) changes to the proposed structure of the business combination that may be required or appropriate as a result of applicable laws or regulations or as a condition to obtaining regulatory approval of the business combination; 5) the ability to meet Nasdaq's listing standards following the consummation of the business combination; 6) the risk that the business combination disrupts current plans and operations of Voltus as a result of the announcement and consummation of the business combination; 7) the inability to recognize the anticipated benefits of the business combination, which may be affected by, among other things, competition, the ability of the combined company to grow and manage growth profitably, maintain relationships with customers and suppliers and retain its management and key employees; 8) costs related to the business combination; 9) changes in applicable laws or regulations; 10) the possibility that Voltus or the combined company may be adversely affected by other economic, business and/or competitive factors; 11) Voltus’s estimates of its financial performance; 12) the risk that the business combination may not be completed in a timely manner or at all, which may adversely affect the price of Broadscale’s securities; 13) the risk that the transaction may not be completed by Broadscale’s business combination deadline and the potential failure to obtain an extension of the business combination deadline if sought by Broadscale; 14) the impact of the novel coronavirus disease pandemic, including any mutations or variants thereof, and its effect on business and financial conditions; 15) inability to complete the PIPE investment in connection with the business combination; and 16) other risks and uncertainties set forth in the sections entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in Broadscale’s Form S-1 (File Nos. 333-252449 and 333-253016), Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2021 and registration statement on Form S-4 with the Securities and Exchange Commission (“SEC”), which will include a document that serves as a prospectus and proxy statement of Broadscale, referred to as a proxy statement/prospectus and other documents filed by Broadscale 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. Nothing in this press release should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward looking statements will be achieved. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. Neither Broadscale nor Voltus gives any assurance that either Broadscale or Voltus or the combined company will achieve its expected results. Neither Broadscale nor Voltus undertakes any duty to update these forward-looking statements, except as otherwise required by law.
Use of Projections
This press release may contain financial forecasts of Voltus. Neither Voltus’s independent auditors, nor the independent registered public accounting firm of Broadscale, audited, reviewed, compiled or performed any procedures with respect to the projections for the purpose of their inclusion in this press release, and accordingly, neither of them expressed an opinion or provided any other form of assurance with respect thereto for the purpose of this press release. These projections should not be relied upon as being necessarily indicative of future results. The projected financial information contained in this press release constitutes forward-looking information. The assumptions and estimates underlying such projected financial information are inherently uncertain and are subject to a wide variety of significant business, economic, competitive and other risks and uncertainties that could cause actual results to differ materially from those contained in the prospective financial information. See “Forward-Looking Statements” above. Actual results may differ materially from the results contemplated by the projected financial information contained in this press release, and the inclusion of such information in this press release should not be regarded as a representation by any person that the results reflected in such projections will be achieved.
Additional Information and Where to Find It
This press release relates to a proposed transaction between Broadscale and Voltus. Broadscale intends to file a registration statement on Form S-4 with the SEC, which will include a document that serves as a prospectus and proxy statement of Broadscale, referred to as a proxy statement/prospectus. A proxy statement/prospectus will be sent to all Broadscale stockholders. Broadscale also will file other documents regarding the proposed transaction with the SEC. Before making any voting decision, investors and security holders of Broadscale are urged to read the registration statement, the proxy statement/prospectus and all other relevant documents filed or that will be filed with the SEC in connection with the proposed transaction as they become available because they will contain important information about the proposed transaction.
Investors and security holders will be able to obtain free copies of the registration statement, the proxy statement/prospectus and all other relevant documents filed or that will be filed with the SEC by Broadscale through the website maintained by the SEC at www.sec.gov.
The documents filed by Broadscale with the SEC also may be obtained free of charge at Broadscale’s website at https://www.broadscalespac.com or upon written request to 1845 Walnut Street, Suite 1111, Philadelphia, PA 19103.
NEITHER THE SEC NOR ANY STATE SECURITIES REGULATORY AGENCY HAS APPROVED OR DISAPPROVED THE TRANSACTIONS DESCRIBED IN THIS PRESS RELEASE, PASSED UPON THE MERITS OR FAIRNESS OF THE BUSINESS COMBINATION OR RELATED TRANSACTIONS OR PASSED UPON THE ADEQUACY OR ACCURACY OF THE DISCLOSURE IN THIS PRESS RELEASE. ANY REPRESENTATION TO THE CONTRARY CONSTITUTES A CRIMINAL OFFENSE.
Participants in the Solicitation
Broadscale and Voltus and their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from Broadscale’s stockholders in connection with the proposed transactions. Broadscale’s stockholders and other interested persons may obtain, without charge, more detailed information regarding the directors and executive officers of Broadscale listed in Broadscale’s registration statement on Form S-4, which is expected to be filed by Broadscale with the SEC in connection with the business combination. Information regarding the persons who may, under SEC rules, be deemed participants in the solicitation of proxies to Broadscale’s stockholders in connection with the proposed business combination will be set forth in the proxy statement/prospectus on Form S-4 for the proposed business combination, which is expected to be filed by Broadscale with the SEC in connection with the business combination.
No Offer or Solicitation
This press release is not intended to and does not constitute an offer to sell or the solicitation of an offer to buy, sell or solicit any securities or any proxy, vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be deemed to be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act.
Investor Relations Contact – Voltus
Sioban Hickie, ICR, Inc.
Eduardo Royes, ICR, Inc.
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Media Contact – Voltus
Cory Ziskind, ICR, Inc.
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Efficient Power Conversion (EPC) introduces the ePower Chipset family that integrates 100 V GaN driver and FETs up to 65 A offering higher performance and smaller solution size for high power density applications including DC-DC conversion and motor drives.
EL SEGUNDO, Calif.--(BUSINESS WIRE)--#48V--EPC announces the introduction of a 100 V, 65 A integrated circuit chipset designed for 48 V DC-DC conversion used in high-density computing applications and in 48 V BLDC motor drives for e-mobility, robotics, and drones.
The EPC23101 eGaN IC plus EPC2302 eGaN FET offers a new ePower Chipset capable of a maximum withstand voltage of 100 V, delivering up to 65 A load current, while capable of switching speeds greater than 1 MHz.
When operated in a 48 V to 12 V buck converter, the EPC23101 + EPC2302 chipset delivers 96% efficiency at 1 MHz switching frequency and 97% efficiency at 500 kHz switching frequency and can deliver 65 A with less than 50 °C temperature rise.
The ePower family of products makes it easy for designers to take advantage of the significant performance improvements made possible with GaN technology. Integrated devices are easier to design, easier to layout, easier to assemble, save space on the PCB, and increase efficiency.
“Discrete power transistors are entering their final chapter. Integrated GaN-on-Silicon offers higher performance in a smaller footprint with significantly reduced design engineering required,” said Alex Lidow, CEO and co-founder of EPC. “From the serenity or control environment of digital and analog controllers, the ePower Chipset translates the PWM command signals to high voltage and high current waveforms capable of driving real world loads. Designers can use the ePower Chipset to make lighter weight and more precise battery-operated BLDC motor drives for eMotion, robotic arms and drones, higher efficiency 48 V input DC/DC converters for data center, datacom, artificial intelligence, solar MPPT and other industrial and consumer applications.”
Development Board
The EPC90142 development board is a 100 V maximum device voltage, 65 A maximum output current, half bridge featuring the EPC23101 Integrated ePower FET and EPC2302 eGaN FET. The purpose of this board is to simplify the evaluation process of the ePower Stage Chipset This 2” x 2” (50.8 mm x 50.8 mm) board is designed for optimal switching performance and contains all critical components for easy evaluation.
Price and Availability
The EPC23101 priced at $5.28 each in 1 Ku volumes.
The EPC2302 is priced at $4.91 each in 1Ku volumes.
The EPC90142 development board is priced at $156.25 each.
All devices and boards are available for immediate delivery from Digi-Key at http://www.digikey.com/Suppliers/us/Efficient-Power-Conversion.page?lang=en
About EPC
EPC is the leader in enhancement mode gallium nitride (eGaN®) based power management. eGaN FETs and integrated circuits provide performance many times greater than the best silicon power MOSFETs in applications such as DC-DC converters, remote sensing technology (lidar), motor drives for eMobility, robotics, and drones, and low-cost satellites.
Visit our web site: www.epc-co.com
Follow EPC on social media: LinkedIn, YouTube, Facebook, Twitter, Instagram, YouKu
eGaN is a registered trademark of Efficient Power Conversion Corporation, Inc.
Efficient Power Conversion:
Renee Yawger
tel: 908.475.5702
email: This email address is being protected from spambots. You need JavaScript enabled to view it.
BOSTON--(BUSINESS WIRE)--#EVs--Schneider Electric, the global leader in the digital transformation of energy management and automation, today reinforced its partnership with PACCAR as they receive a $33 million matching grant from the U.S. Department of Energy (DOE) to continue the development of its Class 8 Kenworth and Peterbilt battery electric and fuel cell vehicles, along with its vehicle charging stations. As part of this program, Schneider Electric will provide the electric vehicle infrastructure design and microgrid resiliency to support the PACCAR SuperTruck 3 program for heavy and medium duty trucks in the United States and Canada.
The SuperTruck initiative was launched in 2009 by the DOE to improve heavy-duty truck freight efficiency. PACCAR successfully developed state-of-the-art Kenworth and Peterbilt vehicles in the prior SuperTruck and SuperTruck 2 programs. By leveraging strengths with microgrid and digital energy technology, Schneider Electric will help PACCAR deliver power systems solutions that benefit their customers and the environment.
“As the federal government continues to place a greater emphasis on infrastructure modernization and digitalization, this grant will help us build the foundation to meet the evolving electrification needs of fleets and truck operators,” said Kevin Self, Senior Vice President, Strategy, Business Development & Government Relations, Schneider Electric. “We are excited to join the SuperTruck 3 program to develop the required electric charging infrastructure to support PACCAR’s electric trucks program now and into the future.”
SuperTruck 3 is a DOE initiative to develop state of the art zero emissions medium- and heavy-duty trucks. PACCAR received a $33 million matching grant for the highly selective program. “The SuperTruck 3 award underscores PACCAR’s industry leadership in zero emissions commercial vehicles,” said John Rich, PACCAR chief technology officer.
For more information on Schneider Electric and eMobility solutions, please visit https://www.se.com/us/en/work/solutions/for-business/automotive.
About Schneider Electric
Schneider’s purpose is to empower all to make the most of our energy and resources, bridging progress and sustainability for all. We call this Life Is On.
Our mission is to be your digital partner for Sustainability and Efficiency.
We drive digital transformation by integrating world-leading process and energy technologies, end-point to cloud connecting products, controls, software and services, across the entire lifecycle, enabling integrated company management, for homes, buildings, data centers, infrastructure and industries.
We are the most local of global companies. We are advocates of open standards and partnership ecosystems that are passionate about our shared Meaningful Purpose, Inclusive and Empowered values.
Discover Life Is On Follow us on: Twitter, Facebook, LinkedIn, YouTube, Instagram, Blog
Discover the newest perspectives shaping sustainability, electricity 4.0, and next generation automation on Schneider Electric Insights.
Hashtags: #sustainability #energytransition #NetZero #IndustriesOfTheFuture
Thomas Eck - This email address is being protected from spambots. You need JavaScript enabled to view it.
Company offers innovative technology to improve customer experience in the United States and worldwide
HALLANDALE BEACH, Fla.--(BUSINESS WIRE)--#boating--Boatzon Insurance Group today announces the expansion of its fully-licensed insurance agency of top marine insurance carriers able to quote, bind and service policies in the United States and most countries worldwide. The company is growing its InsurTech solutions and integrations to offer consumers a new and improved shopping experience for marine insurance.
The emergence of new InsurTech solutions have transformed the insurance industry. These technologies bring a new shopping and quoting experience for consumers, often reducing costs, improving efficiency, and most importantly enhancing customer satisfaction. However, the marine and boating industry has yet to benefit from this technology.
Boatzon Insurance Group has made the process of buying boat insurance easier and more convenient. Customers can now research, view a quote, and start the purchase of an insurance policy online without having to physically visit a local agent. The technology is also integrated into its partner company, www.Boatzon.com, which enables a customer to buy a boat in minutes online.
Boatzon Insurance Group is licensed to quote and service policies in the United States and in over 150 countries. Bryan Lenett, who serves as Boatzon Insurance Group co-founder says, “We have not only launched throughout the United States, but our worldwide marine insurance carrier relationships have positioned our company to grow the Boatzon brand globally. Boat buyers in the U.S. and other countries will now enjoy an improved shopping experience.”
Boatzon Insurance Group’s marine experience is key, and it starts at the helm. Omar Rodriguez is the agency principal and is a 10-year U.S. Navy Veteran who brings years of experience and knowledge in the insurance world. He is responsible for the development and company infrastructure for nationwide insurance operations, and growing and managing the required departments within.
“I came to Boatzon Insurance Group to combine my expertise as a USCG 100-Ton Master with my insurance industry knowledge. My goal is to make Boatzon Insurance Group a household name worldwide using the latest state-of-the-art technology. Boating is a passion of mine, and so is making sure everyone is properly insured,” says Rodriguez.
Internally, Boatzon Insurance Group professionals know the ins and outs of the marine insurance industry and offer customers the best possible rate and coverage for boat owners. Additionally, its licensed agents are well-versed in helping marine enthusiasts select the right level of insurance coverage for their boat.
“Most traditional insurance companies focus on policies such as auto, home, or health insurance and do not have the experience or knowledge to quote a boat insurance policy effectively,” shares Michael Muchnick, COO and Co-founder of Boatzon. “Boatzon lives and breathes boating and marine. We know how to deliver the best coverage for your boat, with the best discounts and at the lowest price possible.”
About Boatzon Insurance Group
Boatzon Insurance Group is an InsureTech agency deploying the latest state-of-the-art software integration with Boatzon.com. Boaters will now be able to get real-time insurance quotes while viewing and/or purchasing a boat.
MEDIA CONTACT
Haley Meyer
Trevelino/Keller
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School district creates strategic roadmap to transition towards a zero emissions bus fleet and secures corresponding funding
NEW YORK--(BUSINESS WIRE)--#EV--ENGIE Impact, an ENGIE entity that delivers sustainability solutions and services to corporations, cities and governments across the globe, today announced the completion of a major milestone in its work with Grossmont Union High School District (GUHSD) in El Cajon, CA. GUHSD selected ENGIE Impact to perform two essential tasks, the first being to develop a detailed roadmap for the electrification of the GUHSD bus fleet and the second being to identify and support the school district with the application for grants that would help the school district cover the cost of fleet electrification.
GUHSD’s fleet electrification roadmap supported the development of a plan to fully transition the district’s 67 diesel-fueled school buses to a clean, affordable, and resilient electric fleet over the next 20 years. This shift to zero emission vehicles will reduce greenhouse gas emissions in the communities GUHSD serves, improving overall air quality and eliminating students' exposure to harmful pollutants. The study determined the ideal charging behavior and the optimal mix of energy supply from the grid and onsite distributed generation to minimize total cost of ownership and maximize GHG emissions reduction.
“Electrifying school buses is a key step for the transition to zero-emission transportation,” said Diego Ibarra, the Managing Director, Sustainable Solutions - Americas at ENGIE Impact. “Accelerating fleet decarbonization across our client portfolio is a core offering within ENGIE Impact’s mission. GUHSD is a great example of how fleets – public and private – can develop actionable strategies and detailed plans that ensure a smooth and reliable transition to electric vehicles.”
In addition to fleet electrification, ENGIE Impact helped GUHSD secure funding by identifying and developing responses to federal and state grant solicitations that support fleet electrification efforts. Among those is a grant from the California Energy Commission to support the development of the fleet electrification roadmap.
“As a public school district with multiple competing priorities, GUHSD has limited resources to devote to fleet electrification,” said Lindsey Danner, Energy Manager at GUHSD. “ENGIE assisted GUHSD in securing 8 of our 17 new electric buses through a grant from the San Diego County Air Pollution Control District and additional funding to develop our comprehensive plan for fleet electrification. These accomplishments work toward our overall goal to support our community’s educational and environmental needs.”
Based on an initial ENGIE Impact analysis, the electrification of GUHSD’s school bus fleet will reduce total greenhouse gas emissions by an estimated 86%. Looking ahead, ENGIE Impact and GUHSD will explore the expansion of school bus routes especially within disadvantaged communities, the integration of vehicle-to-grid (V2G) capabilities, as well as some workforce development opportunities and challenges for the district’s fleet.
About ENGIE Impact
ENGIE Impact delivers sustainability solutions and services to corporations, cities and governments across the globe. ENGIE Impact brings together a wide range of strategic and technical capabilities, to provide a comprehensive offer to support clients in tackling their complex sustainability challenges from strategy to execution. With 21 offices worldwide and headquarters in New York City, ENGIE Impact today has a portfolio of 1,000 clients, including 25% of the Fortune 500 Companies, across more than 1,000,000 sites.
ENGIE Impact is part of the ENGIE Group, a global leader in the zero-carbon transition.
About Grossmont Union High School District
Established in 1920, GUHSD serves approximately 21,400 students in grades 9-12 in the eastern portion of San Diego County, California. GUHSD consists of 13 high school campuses: Grossmont High School (La Mesa/El Cajon), Helix High School (La Mesa), El Cajon Valley High School (El Cajon), Mount Miguel High School (Spring Valley), El Capitan High School (Lakeside), Granite Hills High School (El Cajon), Monte Vista High School (Spring Valley), Santana High School (Santee), Chaparral High School (El Cajon), Valhalla High School (El Cajon), West Hills High School (Santee), Steele Canyon High School (Spring Valley), and IDEA Center High School (El Cajon). GUHSD also operates a middle college high school, three special education facilities, a Career Technical Education (CTE) program, and an adult education program. The student body is exceptionally diverse, and 62% of students are in communities identified as low-income. Transportation is offered to 6 of the 13 high schools, with special education transportation provided to all schools. Collectively, the student population of the schools served by GUHSD’s school bus fleet totals more than 13,800 youth.
Inkhouse
Amanda Echavarri
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The MIPI M-PHY Version 5.0 physical-layer specification addresses increasing data rate requirements and provides engineers with design flexibility for advanced 5G smartphone, wearable, PC and automobile flash memory storage use cases
PISCATAWAY, N.J.--(BUSINESS WIRE)--#5G--The MIPI Alliance, an international organization that develops interface specifications for mobile and mobile-influenced industries, today announced a major update to its MIPI M-PHY physical-layer interface for connecting the latest generation of flash memory-based storage and other high data rate applications in advanced 5G smartphones, wearables, PCs, industrial IoT, and automobiles. Version 5.0 of the M-PHY interface adds a fifth gear—"High Speed Gear 5" (HS-G5) at 23.32 Gigabits per second (Gbps)—enabling engineers to double the potential data rate per lane compared with the previous specification. M-PHY v5.0 also responds to a range of other ecosystem requirements for connecting flash memory storage, such as ongoing innovation of the JEDEC Universal Flash Storage (UFS) standard.
MIPI M-PHY is a versatile physical layer targeting applications with a particular need for high data rates, low pin counts, lane scalability and power efficiency. Key applications include connecting flash memory storage, cameras and RF subsystems, as well as providing chip-to-chip inter-processor communications (IPC). For JEDEC UFS, M-PHY serves as the physical layer for MIPI UniPro, and together both specifications have been incorporated into multiple versions of UFS over the last decade.
MIPI M-PHY v5.0 is designed to support the forthcoming MIPI UniPro v2.0 and JEDEC UFS releases. In addition to doubling the data rate to a maximum of 23.32 Gbps per lane to satisfy the storage ecosystem’s growing data rate requirements, v5.0 introduces several new capabilities intended to optimize the M-PHY interface:
● Data rates have been optimized for target applications, simplifying Phased Lock Loop (PLL) implementation and eliminating design complexity.
● High-speed startup reduces latency, for example, when accessing flash memory on power up.
● Eye monitoring visualizes signal health, enhancing debug functionality.
● New attributes for equalization and other electrical updates to HS-G5 improve the suitability of M-PHY for ultra-high data rate applications.
Also, the new version of the specification streamlines M-PHY, making several legacy features optional and further improving latency performance, boosting power efficiency and making implementation smoother and faster. M-PHY v5.0 is backward compatible through v4.1 of the specification, and an updated conformance test suite for v5.0 is scheduled to be completed in 2022.
“The significant data rate and flexibility updates delivered in MIPI M-PHY v5.0 are the product of real-world feedback from the large base of implementers in a broad ecosystem," said Joel Huloux, chairman of MIPI Alliance. "Many of the enhancements in v5.0 come from our close relationship with the JEDEC UFS community, and such cross-industry collaboration is key to fueling and aligning innovation to better serve the global flash memory storage market.”
MIPI M-PHY v5.0 is available to MIPI Alliance members and can be downloaded from the member portal on the MIPI Alliance website. For more information, a brief MIPI Bytes video provides an overview of M-PHY and highlights its new features.
To keep up with MIPI Alliance, subscribe to the MIPI blog and stay connected by following MIPI on Twitter, LinkedIn, Facebook and YouTube.
About MIPI Alliance
MIPI Alliance (MIPI) develops interface specifications for mobile and mobile-influenced industries. There is at least one MIPI specification in every smartphone manufactured today. Founded in 2003, the organization has over 325 member companies worldwide and more than 15 active working groups delivering specifications within the mobile ecosystem. Members of the organization include handset manufacturers, device OEMs, software providers, semiconductor companies, application processor developers, IP tool providers, automotive OEMs and Tier 1 suppliers, and test and test equipment companies, as well as camera, tablet and laptop manufacturers. For more information, please visit www.mipi.org.
MIPI®, M-PHY® and UniPro® are registered trademarks owned by MIPI Alliance.
Press:
Becky Obbema
Interprose for MIPI Alliance
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LONDON & RIO DE JANEIRO--(BUSINESS WIRE)--Lisarb Energy announced today that it has entered the wind market by signing a 97 MW renewable power purchase agreement (PPA) with Tradener Ltda, one of the largest energy trading companies in Brazil.
Lisarb Energy will deliver the 97 MW from a wind farm currently under development in Rio Grande do Norte. The wind farm will be commissioned in summer 2023 and will deliver energy for the PPA from early 2024. Over the 12-year contract, the project will produce around 4.4 TWh and will prevent the release of an estimated 180,000 tonnes of carbon dioxide annually.
Lisarb Energy will invest BRL 244.4M (£32.5m) to deliver the wind farm. The 12-year PPA is valued at BRL 864M (£115.2m).
“We are working to expand our own sustainable energy projects with nearly 600 MW already operating, in development or construction. This important deal with Lisarb Energy will help us to reach our goal to supply 1 GW of sustainable energy to our customers,” said Jorge Caliari – Diretor Comercial at Tradener.
Jamie Macdonald-Murray, chairman at Lisarb Energy, added: “Wind energy has a promising future in Brazil, and we are delighted to be working with Tradener to help deliver clean power to its customers. We are proud to be able to offer an end-to-end solution – to develop, build and operate projects that will serve the needs of communities and businesses in a sustainable way.”
Lisarb Energy has a rapidly expanding portfolio of renewable energy projects internationally including solar power plant and wind farms in addition to investments in innovative renewable technologies including floating offshore wind and marine energy. It has recently signed PPA contracts with Raízen, and a number of other corporate clients.
Notes to editors
Lisarb Energy is a fast-growing global renewable energy developer.
The success and growth of Lisarb Energy during the last eighteen months has enabled it to develop a substantial portfolio of renewable energy projects. Currently, the Group has a portfolio of solar PV plants and wind farms in development and construction for Centralised and Distributed Energy markets in Brazil, Portugal, Spain, and the UK, totalling 3.5 GW.
For further information or interview opportunities contact:
Karen Boud
PR Consultant for Lisarb Energy
Resonates
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HOUSTON--(BUSINESS WIRE)--Vopak Moda Houston, LLC today announced that its marine terminal in the Port of Houston is fully operational. Formed in 2016, Vopak Moda Houston is a joint venture between Royal Vopak and Moda Midstream. Strategically located in Houston’s refining and petrochemical corridor and in close proximity to multiple ammonia, hydrogen and nitrogen pipelines, Vopak Moda Houston is the first greenfield terminal development in the Port of Houston in more than a decade. Designed to handle very large gas carriers (VLGCs), as well as smaller vessels and barges, Vopak Moda Houston is the only waterborne ammonia terminal in the Port of Houston with deepwater capabilities. The terminal has existing permits for additional berthing positions. Vopak Moda Houston is directly connected via pipeline to the Port of Houston petrochemical complex, the nation’s largest and world’s second-largest petrochemical complex.
“We are thrilled to bring the Vopak Moda Houston terminal into full service together with our partner Royal Vopak, our customers and other stakeholders,” Moda Midstream CEO and Founder Jonathan Z. Ackerman said. “In today’s world, supply chains must be resilient and sustainable. With the ability to safely and reliably transport ammonia and other pressurized gases for our current and future customers, Vopak Moda Houston is a vital link in the new energy transition supply chain. We are in active discussions with customers to provide logistics solutions for low-carbon products, including storage and handling of green and blue ammonia, hydrogen and low-carbon bunkering. Thanks to the determination, hard work and collaboration amongst the teams since its formation, Vopak Moda Houston is well positioned to become the premier low-carbon ammonia and hydrogen terminaling hub on the U.S. Gulf Coast.”
Vopak Americas President Chris Robblee added, “We are excited with this successful cooperation with Moda. This very well fits Vopak’s strategy of developing new infrastructure solutions for products like ammonia. Our expertise and our presence in the main industrial clusters makes us well-equipped to actively contribute to the development of new supply chains for the energy and feedstocks of the future.”
Ammonia already serves an important role in society by supplying vital components to chemical manufacturing and in fertilizers as a nutrient for the foods we grow. Ammonia is expected to become even more important in the future as it will be used as the preferred carrier for storing and transporting low-carbon hydrogen. In addition, ammonia has growing applications in power cells, power generation and ship bunkering.
Vopak Moda Houston also operates a unit train rail loop served by all three main rail lines. Vopak Moda Houston has completed construction of its rail infrastructure for the storage and handling of pressurized gas for a global energy company.
Vopak Moda Houston Terminal: Key Metrics
About Royal Vopak
Royal Vopak is the world’s leading independent tank storage company. We store vital products with care. With over 400 years of history and a focus on sustainability, we ensure safe, clean and efficient storage and handling of bulk liquid products and gases for our customers. By doing so, we enable the delivery of products that are vital to our economy and daily lives, ranging from chemicals, oils, gases and LNG to biofuels and vegoils. We are determined to develop key infrastructure solutions for the world’s changing energy and feedstock systems, while simultaneously investing in digitalization and innovation. Vopak is listed on the Euronext Amsterdam and is headquartered in Rotterdam, the Netherlands. For more information, please visit vopak.com.
About Moda Midstream, LLC
Moda Midstream, LLC develops advantaged and sophisticated infrastructure for storing and handling liquids products that are essential to our economy and our way of life. Moda helps customers increase the efficiency and protect the integrity of their supply chains. Moda’s mission is to be the logistics and terminaling provider of choice by delivering safe, reliable and sustainable solutions. Moda is backed by EnCap Flatrock Midstream. In October 2021, Moda closed on the sale of its Moda Ingleside Energy Center (MIEC) to Enbridge. MIEC, now known as the Enbridge Ingleside Energy Center, is the largest crude oil export terminal in the U.S. Please visit www.modamidstream.com.
About EnCap Flatrock Midstream
EnCap Flatrock Midstream provides value-added growth capital to proven management teams focused on midstream infrastructure opportunities across North America. The firm was formed in 2008 by a partnership between EnCap Investments L.P. and Flatrock Energy Advisors, LLC. Based in San Antonio with offices in Oklahoma City and Houston, the firm manages investment commitments of nearly $9 billion from a broad group of prestigious institutional investors. EnCap Flatrock Midstream is currently making commitments to new management teams from EFM Fund IV, a $3.25 billion fund. For more information, please visit www.efmidstream.com.
Casey Nikoloric, Managing Principal
TEN|10 Group, LLC
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303.507.0510 m
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Fluence will serve as SunMed’s exclusive LED provider as the cultivator retrofits its greenhouse facilities and doubles the amount of LED lighting in its upcoming expansion
AUSTIN, Texas--(BUSINESS WIRE)--Fluence by OSRAM (Fluence), a leading global provider of energy-efficient LED lighting solutions for commercial cannabis and food production, announced today its partnership with SunMed Growers, a 250,000-square-foot greenhouse cannabis facility located in Warwick, Maryland. Together, the companies have retrofitted SunMed’s facility from high-pressure sodium (HPS) fixtures to LEDs and increased overall light intensity over the last two years, resulting in up to 30% yield increases for several of the company’s main production strains.
The largest cultivator in Maryland, SunMed is helmed by third-generation greenhouse grower Jake Van Wingerden. Van Wingerden’s family carries a notable legacy in the industry and is a household greenhouse grower name among horticulturists. According to a recent feature in Cannabis Business Times, members of the Van Wingerden family oversee more than 30 million square feet of U.S. greenhouse space. Jake Van Wingerden channeled decades of cultivation knowledge into one of the most advanced cannabis facilities in the U.S., which he expanded from 70,000 square feet to 250,000 square feet in just five years.
“We have learned so much over the last five years and I’m thrilled that we not only continue to grow our footprint, but deliver the highest-quality cannabis products to the Maryland market,” Van Wingerden said. “Through our partnership with Fluence, we’ve seen a notable difference in plant quality over the last two years. Our plants have never been healthier and are growing with incredible vigor under Fluence’s LEDs.”
Before implementing Fluence’s lighting solutions, Van Wingerden used HPS fixtures to supplement the greenhouse’s natural light. However, he knew he could bring in more light at higher efficiencies with more advanced technology. After researching the benefits of LEDs, he realized the significant energy savings, higher light levels—without excess heat—and overall increases in yield were more advantageous than continuing with HPS. After successful trialing of Fluence’s LEDs, Van Wingerden and SunMed made the decision to retrofit the entire facility with Fluence’s VYPR series top light. The data shows from 2019 to 2021, SunMed recorded up to 30% increases in yield across several of its most prominent strains. SunMed also recorded consistent or slightly elevated levels of potency. Now, Van Wingerden is working with Fluence to double the facility’s light intensity without impacting the shading of the current fixture arrangement.
“Cannabis plants can take a tremendous amount of light. By doubling our light intensity—and with another facility expansion in our future—we’ll be producing off-the-charts yields,” Van Wingerden added.
In addition to Fluence’s LED technology, SunMed’s facility also leverages a fully automated Dutch rolling table system to move plants through each phase of cultivation. Coupled with its in-house growing media and stringent sanitation practices, SunMed’s pristine greenhouse reflects Van Wingerden’s rich expertise as well as his team’s combined horticulture experience.
“It’s an honor to work alongside Jake and his team at SunMed—they are true experts at their craft and are pioneering some of the most innovative facility designs on the market today,” said David Cohen, CEO of Fluence. “We’re eager to support the SunMed team in their future expansions and witness how high-light-intensity strategies can drive record yields and superb plant quality.”
For more information on Fluence, visit www.fluence.science.
About Fluence by OSRAM
Fluence Bioengineering, Inc., a wholly-owned subsidiary of OSRAM, creates powerful and energy-efficient LED lighting solutions for commercial crop production and research applications. Fluence is a leading LED lighting supplier in the global cannabis market and is committed to enabling more efficient crop production with the world’s top vertical farms and greenhouse produce growers. Fluence global headquarters are based in Austin, Texas, with its EMEA headquarters in Rotterdam, Netherlands. For more information about Fluence, visit https://fluence.science.
About SunMed Growers
SunMed Growers and SunMed Labs are owned and operated by Jake Van Wingerden in Cecil County, Maryland. Marrying science and passion with state-of-the-art, “Dutch-style” greenhouse cultivation practices and science driven extraction, SunMed provides Maryland patients with natural medicine grown in full-spectrum sunlight, setting the standard for clean and sustainable medical cannabis.
For Fluence,
Emma Chase
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C: 512-917-4319
WASHINGTON--(BUSINESS WIRE)--#FemaleFounders--Beyond The Billion, a global consortium of venture capital (VC) funds and limited partner (LP) investors released Our First Billion Global Impact Report, assessing the results of their two-year campaign. Launched to address the gender venture funding gap where women founders only received 2.2% of venture capital, the campaign inspired venture capitalists to pledge to invest more into women-founded companies. While the pledges made were not legally binding, the results demonstrate that participating funds have taken their commitment seriously.
This report, published with support from Pacific Western Bank, Mastercard, Bank of America and Motley Fool Ventures, found that the consortium deployed 61%, or $638 million of their pledged amount in just two years into almost 800 women-founded companies—nine of which were recognized as unicorns, with the remainder expected to be deployed by 2023.
“Innovative women founders are solving some of the world’s most pressing problems and so many of them were funded by our partner funds. Even as they enable women-led companies to scale, these savvy VCs are improving their returns,” said Shelly Porges, Co-Founder & Managing Partner of Beyond The Billion.
Sarah Chen, Co-Founder & Managing Partner of Beyond The Billion added, “These results are a testament to the collective power of our community of investors activated around a specific goal. Despite the global pandemic, our partner funds have remained steadfast in their commitment to invest in women founders while addressing real structural issues in closing the gender venture funding gap.”
Kay Parry, Managing Director, Venture Banking of Pacific Western Bank that sponsored this report added, “There is growing recognition in the venture industry that great ideas and successful entrepreneurs can come from anywhere, and the best returns are achieved with diverse teams. As importantly, this recognition extends to the LP community where we consistently hear that diversity within portfolios is now a part of their diligence process. We are excited by the progress made in 2021 and remain committed to working toward the goal of a private investment industry that more fully reflects the breadth and depth of innovators and risk-takers in our country.”
To view the full press release, click here.
To download the full report, click here.
About Beyond The Billion
Beyond the Billion’s (BTB) first pledge campaign was launched in October 2018 with an audacious goal of catalyzing $1 billion for women founders globally, addressing the gender venture investment gap where women were receiving only 2.2% of all venture capital funding. Building on this momentum, founders Shelly Porges and Sarah Chen launched Beyond The Billion to catalyze capital deployed to and with these venture funds, and ensure continued investment by mobilizing limited partners (LPs) and connecting them to general partners (GPs) who invest in venture-backable companies founded by diverse women.
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About Pacific Western Bank
Pacific Western Bank is a commercial bank with over $34 billion in assets headquartered in Los Angeles, California, with 70 full-service branches. The venture banking team specializes in financial products and services for startups, venture-backed businesses, and their venture capital and private equity investors. The experienced team is committed to the space and dedicated to delivering high-touch, tailored solutions, helping innovators take their business to the next level. To learn more about Pacific Western Bank, visit www.pacwest.com, or follow them on LinkedIn and Twitter.
MEDIA:
Emmie Twombly
Media & Communications
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