The Global Innovators Community is an invitation-only group of the world’s most promising scale-ups
The announcement comes as Watershed continues its work with the world’s largest companies to enable and accelerate meaningful climate action
SAN FRANCISCO & LONDON--(BUSINESS WIRE)--Watershed, the enterprise climate platform powering corporate climate action at the world’s leading companies, today announced it is joining the World Economic Forum (WEF) as part of the Global Innovators Community, an invitation-only group of the world’s most promising start-ups and scale-ups at the forefront of ethical technological and business model innovation.
As a Global Innovator, Watershed will help define the World Economic Forum’s global agenda on key issues through Forum Platforms including the Centre for Nature and Climate and Future of Financial and Monetary Systems. Watershed will attend the World Economic Forum’s Annual Meeting 2023 in Davos, Switzerland this January.
“2023 will be the make it or break it year for corporate climate action,” said Watershed co-founder Taylor Francis. “Working with the World Economic Forum will expand Watershed’s perspective and reach as we apply our industry-leading measurement, reporting, and reductions capabilities to help corporations understand their carbon footprints, comply with new and existing regulation, and achieve critical climate impact. We’re honored to join this community of trailblazing companies taking on the world’s biggest challenges.”
In 2022, Watershed launched Watershed Finance, a data-driven platform for analyzing financed emissions, and Watershed Supply Chain, the first dedicated tool for decarbonizing corporate supply chains. In 2023, Watershed will expand its industry reach to help more companies double down on climate action using audit-grade emissions measurement, disclosure-ready reporting, and highest-quality carbon reductions and removals.
The World Economic Forum provides a platform for the Global Innovators Community to engage with public- and private-sector leaders and to contribute new solutions to overcome current crises – like climate change – and build future resiliency.
ABOUT WATERSHED: Watershed is the enterprise climate platform. Leading companies like Walmart, Airbnb, Stripe, Klarna, and Block use our software to run end-to-end climate programs with quantifiable results. Watershed delivers granular, audit-grade carbon measurement; one-click disclosure and reporting; and real emissions reduction—all in a single, intuitive, enterprise-grade software platform. Watershed customers have access to our exclusive marketplace of scientifically vetted, high-additionality carbon removal projects and high-quality
offsets; in-house climate and policy expertise; and ongoing support throughout their climate journey. For more information, please visit https://watershed.com/.
ABOUT THE WORLD ECONOMIC FORUM: The World Economic Forum is the International Organization for Public-Private Cooperation. The Forum engages the foremost political, business, cultural, and other leaders of society to shape global, regional, and industry agendas. It was established in 1971 as a not-for-profit foundation and is headquartered in Geneva, Switzerland. It is independent, impartial, and not tied to any special interests.
Amelia Penniman (This email address is being protected from spambots. You need JavaScript enabled to view it.)
SAINT JOHN, New Brunswick--(BUSINESS WIRE)--ARC Clean Technology (ARC) announced today that its advanced small modular reactor (aSMR) technology has been selected for a significant development that will see ARC deliver the first industrial application of a Generation IV aSMR in North America and offer a model for industrial decarbonisation across Canada and globally. The Port of Belledune and Cross River Infrastructure have chosen to pursue the ARC-100 for their planned Green Energy Hub, which proposes to use aSMR technology to generate a minimum of 1GW of zero-emission firm heat and power for industrial users and hydrogen production at the port’s recently announced expansion.
“The ARC-100 is vital to reaching net zero for industrial hard-to-abate sectors such as clean hydrogen and fuel production, mining and metals manufacturing, chemicals and refining, and other heavy industries which require intensive process heat and large amounts of power,” said Bill Labbe, CEO of ARC. “The selection of the ARC-100 is another endorsement of the maturity of our technology and our team’s readiness for commercial deployment.”
Many industrial processes depend on high temperature steam. According to a global market study by management consultancy Roland Berger released in June 2022, the demand for industrial heat is projected to increase over 3.5x by 2050. aSMRs with high outlet temperature are well positioned to capture significant market share of industrial decarbonization.
“One of the key advantages of the ARC reactors is their ability to provide a tremendous amount of high temperature stream and power in a small space. As they are utilizing proven technology, we believe the ARC-100 is the best advanced nuclear reactor to provide as an energy solution for heavy industry,” said Andrew Wilder, CEO of Cross River Infrastructure Partners.
The ARC-100 uses sodium as a coolant and operates at low pressure ensuring safe operations while efficiently producing an exceptional amount of heat or superheated steam. Its compact size (roughly the size of city block) and modular components make it ideal to bolt onto an industrial site. Its 20-year refueling cycle and ability to recycle spent fuel means limited waste, more reliable operations, fewer logistical challenges and reduced maintenance costs for industrial applications.
Most significant is the speed at which the ARC-100 could be ready for market. The technical readiness of the ARC-100 is well advanced from the 30 years of proven safe operations of its prototype putting it on track for deployment by the late 2020’s. The news that the Port of Belledune Green Energy Hub will pursue the ARC technology follows NB Power’s decision to deploy the ARC-100 at the Point Lepreau Nuclear Generation Station site by the end of decade.
About ARC Clean Technology
ARC is a clean energy technology company developing the ARC-100, an advanced small modular reactor (aSMR) offering inherently safe, reliable, and economical carbon free power.
Leveraging proven technology from the 30-year performance of its prototype, the ARC-100’s simple, modular design provides 100 megawatts of electricity that is cost competitive with fossil fuels and provides reliable energy to complement intermittent renewables.
Important applications include the decarbonization of heavy industry, the fueling of low-carbon hydrogen projects, and the creation of valuable medical isotopes.
The ARC-100 has been selected by New Brunswick Power for implementation on their Point Lepreau site with completion targeted for the late 2020s, which will make it the first grid-scale Generation IV advanced SMR deployed in Canada. ARC has offices in Washington DC and Saint John, New Brunswick.
More information on ARC Clean Technology is available online at www.arc-cleantech.com
MEDIA INQUIRIES:
Sandra Donnelly
Director, Corporate Services
This email address is being protected from spambots. You need JavaScript enabled to view it.
COLUMBUS, Ind.--(BUSINESS WIRE)--#cummins--Cummins Inc. (NYSE: CMI) will supply a 35-megawatt (MW) proton exchange membrane (PEM) electrolyzer system for Linde’s new hydrogen production plant in Niagara Falls, New York. Once commissioned, Cummins’ electrolyzer system will power Linde’s largest green hydrogen plant in the U.S., marking significant progress in moving the green hydrogen economy forward.
"This project is not only a milestone for Cummins, but also for the energy transition in the U.S.," said Amy Davis, Vice President and President of New Power at Cummins. "Adding the 35MW of this Linde plant to our electrolyzer project footprint highlights our commitment to scaling the green hydrogen economy and our ability to support large-scale renewable hydrogen production with market-leading innovation."
Cummins is supplying Linde with a state-of-the-art electrolyzer system designed for easy on-site installation with the ability to scale up output as needed. At the plant, Cummins’ electrolyzers will be powered by hydropower, making the end product completely “green,” or carbon-free, hydrogen.
An electrolyzer splits water into oxygen and hydrogen. This green hydrogen can be stored as a compressed gas or a liquid and used as an energy-dense, clean power source to help decarbonize a variety of hard-to abate sectors, such as heavy-duty transportation and industrial processes.
Cummins has a long history of advanced technology and engineering capabilities and innovates across a broad portfolio of renewable hydrogen and zero-emissions technologies, including PEM, alkaline and solid oxide electrolyzers.
Linde is a global leader in the production, processing, storage and distribution of hydrogen. It has the largest liquid hydrogen capacity and distribution system in the world. The company operates the world's first high-purity hydrogen storage cavern plus pipeline networks, totaling approximately 1,000 kilometers globally, to reliably supply its customers.
About Cummins
Cummins Inc., a global power technology leader, is a corporation of complementary business segments that design, manufacture, distribute and service a broad portfolio of power solutions. The company’s products range from internal combustion, electric and hybrid integrated power solutions and components including filtration, aftertreatment, turbochargers, fuel systems, controls systems, air handling systems, automated transmissions, electric power generation systems, microgrid controls, batteries, electrolyzers and fuel cell products. Headquartered in Columbus, Indiana (U.S.), since its founding in 1919, Cummins employs approximately 59,900 people committed to powering a more prosperous world through three global corporate responsibility priorities critical to healthy communities: education, environment and equality of opportunity. Cummins serves its customers online, through a network of company-owned and independent distributor locations, and through thousands of dealer locations worldwide and earned about $2.1 billion on sales of $24 billion in 2021.
Cummins Inc.
Jon Mills – Director of External Communications
317-658-4540
This email address is being protected from spambots. You need JavaScript enabled to view it.
Offering provides low-price option to merchants looking for no-box, no-label returns
MEMPHIS, Tenn.--(BUSINESS WIRE)--FedEx Corp. (NYSE: FDX) announced the launch of FedEx Consolidated Returns in the U.S., a solution that offers a low-priced, easy e-commerce returns option that merchants can pass on to shoppers. The expanded solution will launch in early 2023.
“As the returns market grows, FedEx continues to explore innovative alternatives for our customers. While this solution will provide a low-priced returns option for merchants, it’s also a simple, convenient process to help retailers deliver a shopper-friendly experience,” said Ryan Kelly, Vice President, E-Commerce & Retail Marketing, FedEx Services.
FedEx Consolidated Returns is facilitated through supply chain services offered by FedEx Logistics and FedEx Office. Shoppers who purchased from participating merchants can drop off the items they wish to return – no box or label required– at approximately 2,000 FedEx Office locations. The returned items will then be consolidated with other returns from a variety of merchants, saving materials and space. The items are then processed through FedEx Logistics and sent back to the merchants via a less-than-truckload option.
This marks the latest addition to the growing FedEx Returns portfolio, which also includes printer-less and package-less return options at over 10,000 locations nationwide.
According to data from Forbes*, “consumers now rank in-person box-free returns as the number one preferred method for online returns, while mail-in returns have dropped to the fourth-ranked position. Nearly half of the shoppers surveyed do not have continuous access to a printer that can be used for printing return labels.”
“FedEx Consolidated Returns is another way FedEx is helping merchants build customer loyalty by making the returns process simple and effective. Having a streamlined but low-cost option helps retailers stand out in a competitive market and adds to the overall returns portfolio at FedEx,” said Patrick Super, Vice President, Retail, FedEx Supply Chain.
FedEx Consolidated Returns– Key Points
About FedEx Logistics
FedEx Logistics plays a key role within the FedEx portfolio with its comprehensive suite of integrated logistics solutions. The company provides air and ocean freight forwarding, supply chain solutions, customs brokerage, and trade management tools and data from a single trusted source. For more information, visit fedex.com/logistics.
About FedEx Corp.
FedEx Corp. (NYSE: FDX) provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services. With annual revenue of $95 billion, the company offers integrated business solutions through operating companies competing collectively, operating collaboratively and innovating digitally under the respected FedEx brand. Consistently ranked among the world's most admired and trusted employers, FedEx inspires its nearly 550,000 employees to remain focused on safety, the highest ethical and professional standards and the needs of their customers and communities. FedEx is committed to connecting people and possibilities around the world responsibly and resourcefully, with a goal to achieve carbon-neutral operations by 2040. To learn more, please visit fedex.com/about.
*Forbes, 10/30, Kohan
Christina Meek
This email address is being protected from spambots. You need JavaScript enabled to view it.
Energy Vault awarded project by Nevada’s largest electric utility to deploy a 220MW/440MWh battery energy storage system (BESS)
The BESS, one of the largest in Nevada, is expected to start construction in Q2 2023 with commercial operation expected by the end of 2023
Energy Vault has approximately 4.8 GWh of contracted and awarded projects across short and long storage durations, a clear evidence of the strong market acceptance of the breadth of its product portfolio and value proposition, managed by the same encompassing Energy Management Software platform
LUGANO, Switzerland & WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--$NRGV--Energy Vault Holdings, Inc. (NYSE: NRGV) (“Energy Vault” or the “Company”), a leader in sustainable grid-scale energy storage solutions, announced today that NV Energy, Nevada’s largest public utility, has awarded the Company with a project for the deployment of a short duration energy storage solution. The Battery Energy Storage System (BESS), one of the largest in Nevada, is expected to start construction in Q2 2023 with commercial operation expected by the end of 2023.
The 220MW/440MWh grid-tied BESS will be deployed at a site located near Las Vegas. The 2-hour energy storage system is designed to store and dispatch excess renewable energy, including wind and solar power. The BESS will be charged and discharged on a daily basis and designed to dispatch stored renewable energy at peak consumption hours to help meet the high demand during Nevada’s peak load hours.
“Energy Vault is pleased to be selected by NV Energy for a mission critical project supporting Nevada’s largest electric provider in achieving its goal of net zero emissions by 2050,” said Marco Terruzzin, Chief Commercial and Product Officer, Energy Vault. “This is Energy Vault’s first public utility customer for our short duration energy storage solutions, which furthers our strategy to be the energy storage company of choice for utilities, IPPs and large energy users. We look forward to beginning our relationship with NV Energy to help them meet their IRP needs for both short and long duration energy storage.”
With a portfolio of approximately 4.8 GWh of contracted and awarded projects, equally distributed between short and long duration, Energy Vault is rapidly expanding to become the leading solutions provider for large and complex projects supporting multiple underlying hardware storage technologies.
About Energy Vault
Energy Vault® develops and deploys utility-scale energy storage solutions designed to transform the world's approach to sustainable energy storage. The company's comprehensive offerings include proprietary gravity-based storage, battery storage, and green hydrogen energy storage technologies. Each storage solution is supported by the Company’s hardware technology-agnostic energy management system software and integration platform. Unique to the industry, Energy Vault’s innovative technology portfolio delivers customized short-and-long-duration energy storage solutions to help utilities, independent power producers, and large industrial energy users significantly reduce levelized energy costs while maintaining power reliability. Utilizing eco-friendly materials with the ability to integrate waste materials for beneficial reuse, Energy Vault’s EVx™ gravity-based energy storage technology is facilitating the shift to a circular economy while accelerating the global clean energy transition for its customers. Please visit www.energyvault.com for more information.
Forward-Looking Statements
This press release includes forward-looking statements that reflect the Company’s current views with respect to, among other things, the Company’s operations and financial performance. Forward-looking statements include information concerning possible or assumed future results of operations, including descriptions of our business plan and strategies. These statements often include words such as “ anticipate,” “expect,” “suggest,” “plan,” “believe,” “intend,” “project,” “forecast,” “estimates,” “targets,” “projections,” “should,” “could,” “would,” “may,” “might,” “will” and other similar expressions. We base these forward-looking statements or projections on our current expectations, plans and assumptions, which we have made in light of our experience in our industry, as well as our perceptions of historical trends, current conditions, expected future developments and other factors we believe are appropriate under the circumstances at the time. These forward-looking statements are based on our beliefs, assumptions and expectations of future performance, taking into account the information currently available to us. These forward-looking statements are only predictions based upon our current expectations and projections about future events. These forward-looking statements involve significant risks and uncertainties that could cause our actual results, level of activity, performance or achievements to differ materially from the results, level of activity, performance or achievements expressed or implied by the forward-looking statements, including changes in our strategy, expansion plans, customer opportunities, future operations, future financial position, estimated revenues and losses, projected costs, prospects and plans; the implementation, market acceptance and success of our business model and growth strategy; our ability to develop and maintain our brand and reputation; developments and projections relating to our business, our competitors, and industry; the impact of health epidemics, including the COVID-19 pandemic, on our business and the actions we may take in response thereto; our expectations regarding our ability to obtain and maintain intellectual property protection and not infringe on the rights of others; expectations regarding the time during which we will be an emerging growth company under the JOBS Act; our future capital requirements and sources and uses of cash; our ability to obtain funding for our operations and future growth; our business, expansion plans and opportunities and other important factors discussed under the caption “Risk Factors” in our Quarterly Report on Form 10-Q for the quarter ended September 30, 2022, as such factors may be updated from time to time in its other filings with the SEC, accessible on the SEC’s website at www.sec.gov. New risks emerge from time to time and it is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may make. Any forward-looking statement made by us in this press release speaks only as of the date of this press release and is expressly qualified in its entirety by the cautionary statements included in this press release. We undertake no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by any applicable laws. You should not place undue reliance on our forward-looking statements.
Investors:
This email address is being protected from spambots. You need JavaScript enabled to view it.
Media:
This email address is being protected from spambots. You need JavaScript enabled to view it.
70 company drivers, 12 custom-wrapped tractors help transport approximately 287,000 wreaths
LOWELL, Ark.--(BUSINESS WIRE)--J.B. Hunt Transport Services Inc. (NASDAQ: JBHT), one of the largest supply chain solutions providers in North America, will participate in Wreaths Across America for the ninth consecutive year. This year, 70 J.B. Hunt drivers will help 42 loads of wreaths reach their final destination at veteran cemeteries throughout the country to remember fallen veterans this holiday season.
“It’s important to remember our fallen veterans, especially during the holiday season,” said Brad Hicks, president of highway services and executive vice president of people at J.B. Hunt. “As each wreath is placed, we express our appreciation and reflect on the sacrifices they made to preserve our freedoms.”
J.B. Hunt corporate and field employees will join volunteers at Fayetteville National Cemetery on Wreaths Across America Day, December 17, to place wreaths on the headstones. Additionally, the company will hold a support rally on December 16 at its corporate headquarters with guest speaker Daniel Robinson, a Gold Star father who lost his son, Senior Chief Special Operator Heath Robinson, in Afghanistan in 2011.
Altogether, J.B. Hunt will assist in the delivery of approximately 287,000 wreaths to cemeteries nationwide, including Abraham Lincoln National Cemetery, Dallas-Fort Worth National Cemetery, Dayton National Cemetery, Fayetteville National Cemetery, Georgia National Cemetery, National Memorial Cemetery of Arizona, Riverside National Cemetery, Salisbury National Cemetery, San Joaquin Valley National Cemetery, and Tahoma National Cemetery, among others. A collaboration with BNSF Railway will make this year’s delivery the largest number of Intermodal loads hauled in the company’s nine-year history of supporting Wreaths Across America. J.B. Hunt has customized 12 tractors and 4 trailers with a military-themed wrap to participate in the deliveries.
The national theme for the 2022 Wreaths Across America campaign is “Find a Way to Serve”, and more than two million volunteers will participate nationwide to honor fallen veterans. All J.B. Hunt drivers for Wreaths Across America are veterans or have a direct association with a veteran. Nearly 2.2 million wreaths are placed on veteran headstones at more than 2,100 participating locations during Wreaths Across America Day.
About J.B. Hunt
J.B. Hunt Transport Services, Inc., a Fortune 500 and S&P 500 company, provides innovative supply chain solutions for a variety of customers throughout North America. Utilizing an integrated, multimodal approach, the company applies technology-driven methods to create the best solution for each customer, adding efficiency, flexibility, and value to their operations. J.B. Hunt services include intermodal, dedicated, refrigerated, truckload, less-than-truckload, flatbed, single source, last mile, and more. J.B. Hunt Transport Services, Inc. stock trades on NASDAQ under the ticker symbol JBHT and is a component of the Dow Jones Transportation Average. J.B. Hunt Transport, Inc. is a wholly owned subsidiary of JBHT. For more information, visit www.jbhunt.com.
Brittnee Davie
Vice President - Marketing
479.419.3178
This email address is being protected from spambots. You need JavaScript enabled to view it.
H2scan continues its hydrogen sensor market leadership with the GRIDSCAN 5000, the first online transformer health monitoring sensor approved to the FM6250 standard.
VALENCIA, Calif.--(BUSINESS WIRE)--H2scan, a world leader in providing hydrogen sensors for electric utilities and industrial markets, is the first and only company to receive FM Approval for a hydrogen sensor with its GRIDSCAN 5000 product.
Utilized in transformer health monitoring, the GRIDSCAN 5000 hydrogen sensor uses H2scan’s field-proven solid-state hydrogen sensor adopted by most dissolved gas analysis (DGA) transformer health monitoring solutions. This patented technology provides precision hydrogen concentration measurement directly in the oil, providing transformer owners including municipalities, utilities, and others with real-time indications of potential faults and issues within their transformer fleet. The sensor’s unique auto-calibration feature means no maintenance needed for over 10 years, making the GRIDSCAN 5000 the lowest total cost of ownership (TCO) sensor on the market.
FM Approvals is the independent testing arm of international insurance carrier, FM Global. FM Approvals uses scientific research and testing to ensure products conform to the highest standards for safety and property loss prevention. Products that pass this stringent testing receive the “FM APPROVED” mark.
“The recognition of being the first company to receive FM Approvals is a strong, independent acknowledgment of the value our GRIDSCAN 5000 brings to the market,” said Dave Meyers, CEO and President of H2scan. “It is H2scan’s mission to equip transformers with safe, affordable, and effective hydrogen sensing technology, and the GRIDSCAN 5000 is an integral part of that vision. Having a FM Approved monitoring sensor helps asset managers accelerate their decision making process when tasked to select the right hydrogen monitor.”
Proven Performance for Critical Industrial Applications
The FM Approval process includes a comprehensive set of tests including temperature, vibration, repeatability, high concentration, and voltage variation tests – all of which are specified in FM Approvals FM6250 standard. They also include low-range and full-range accuracy tests, in transformer oil in hydrogen concentrations of 25 ppm, 100 ppm, 200 ppm, and 250 ppm, as well as 0%, 25%, 50%, 75%, and 90% of the full range, respectively.
This approval demonstrates H2scan’s leadership and continued innovation in the transformer market as the need for reliability and resiliency becomes more important for the power industry. Additionally, as the hydrogen economy evolves, the company’s mission is to positively impact the future of hydrogen safety and reliability globally as the world decarbonizes. As energy needs shift around the world towards hydrogen solutions, H2scan aims to equip its customer with safe and cost-effective sensing technology to improve the operations of transformers, battery rooms, electrolyzers, fuel cells and much more.
About FM Approvals
FM Approvals is an international leader in third-party testing and certification services. FM Approvals tests property loss prevention products and services—for use in commercial and industrial facilities—to verify they meet rigorous loss prevention standards of quality, technical integrity, and performance. FM Approvals employs a worldwide certification process that’s backed by scientific research and testing, and over a century of experience. The FM APPROVED mark is recognized and respected worldwide.
About H2scan Corporation
H2scan was founded in 2002, and has its headquarters, sales, production and marketing staff in Valencia, California. The company’s Gen 5 technology provides the most accurate, tolerant, and affordable hydrogen sensors for a wide range of industrial leak detection and process gas monitoring markets including control systems, safety monitoring and alarm systems.
H2scan sensors are also used for electrical distribution reliability and are ideal for measuring hydrogen concentration in fuel cells, electrolyzers and the hydrogen distribution pipelines to reduce carbon emissions.
H2scan’s customer base includes some of the largest manufacturing enterprises in the world including ABB, Siemens, GE Energy, Qualitrol, DOD, ExxonMobil, Shell, Chevron, Proctor & Gamble and more.
For more information, please visit http://www.h2scan.com.
David Rodewald
The David James Agency LLC
This email address is being protected from spambots. You need JavaScript enabled to view it.
805-494-9508
CHICAGO--(BUSINESS WIRE)--ADM (NYSE:ADM) has won the Environmental Initiatives category of the 2022 SEAL Business Sustainability Awards for expanding its regenerative agriculture programs supporting farmers across North America. Granted by a judging panel of renowned environmental and energy industry experts, the award recognizes exceptional programs or initiatives that push the frontier on environmental leadership and progress.
ADM’s project, “Providing Economic and Sustainable Solutions Through Regenerative Agriculture,” expands on ADM’s long-term commitment to support growers in their transition to regenerative agriculture. In 2022, ADM launched a number of projects and partnerships, including with the National Fish and Wildlife Foundation (NFWF), US Department of Agriculture, PepsiCo, and the Farmers Business Network, that equip North American farmers with financial, technical and educational resources to support regenerative farming. This work builds on years of progress ADM has made in supporting farmers in their transition to regenerative agriculture.
“ADM is uniquely positioned to partner with growers and customers alike to create value for participants across the value chains in which we operate while helping secure a more sustainable future,” said Alison Taylor, chief sustainability officer at ADM. “We’re proud to continue to expand our partnership with growers, providing valuable support to enhance farm-level sustainability and helping their businesses grow and succeed while simultaneously advancing Scope 3 emissions goals for both ADM and our customers.”
ADM’s regenerative agriculture programs not only support farm economics, but also reduce supply chain impacts and protect local biodiversity. To date, ADM’s regenerative agriculture initiative has expanded to four continents, with further reach anticipated in future targets. The initiative has engaged with growers to implement regenerative growing practices on more than 600,000 acres. In the upcoming year, ADM plans to continue expansion in North America to cover one million acres through the enrollment of over 1,000 growers in regenerative programs. This project will also drive carbon reduction and sequestration of 300,000 MT of CO2e, as aligned with ADM’s commitment to curbing emissions.
About ADM
ADM unlocks the power of nature to enrich the quality of life. We’re a premier global human and animal nutrition company, delivering solutions today with an eye to the future. We’re blazing new trails in health and well-being as our scientists develop groundbreaking products to support healthier living. We’re a cutting-edge innovator leading the way to a new future of plant-based consumer and industrial solutions to replace petroleum-based products. We’re an unmatched agricultural supply chain manager and processor, providing food security by connecting local needs with global capabilities. And we’re a leader in sustainability, scaling across entire value chains to help decarbonize our industry and safeguard our planet. From the seed of the idea to the outcome of the solution, we give customers an edge in solving the nutritional and sustainability challenges of today and tomorrow. Learn more at www.adm.com.
Source: Corporate Release
Source: ADM
ADM Media Relations
Jackie Anderson
This email address is being protected from spambots. You need JavaScript enabled to view it.
312-634-8484
LOS ANGELES--(BUSINESS WIRE)--$CGRN #CanabisPower--Capstone Green Energy Corporation (NASDAQ: CGRN), a global leader in carbon reduction and on-site resilient green energy solutions, will be participating in Renmark Financial Communications Inc.'s live Virtual Non-Deal Roadshow Series to discuss its latest investor presentation on Wednesday, December 14 at 2:00 pm ET.
The virtual presentation is marketed to Montreal and surrounding areas and will feature Darren Jamison, President and Chief Executive Officer, and Scott Robinson, Chief Financial Officer. Capstone welcomes all stakeholders, investors, and other interested individuals to register and attend this live event.
The investor presentation will be followed by a live Q&A. Investors interested in participating in this event will need to register using the links below. As a reminder, registration for the live event may be limited and access to the replay after the event will be on the Investor Relations section of the Company's website.
Wednesday, December 14 at 2:00 p.m. ET
Register Here
To ensure smooth connectivity, please access this link using the latest version of Google Chrome.
About Capstone Green Energy
Capstone Green Energy (NASDAQ: CGRN) is a leading provider of customized microgrid solutions and on-site energy technology systems focused on helping customers around the globe meet their environmental, energy savings, and resiliency goals. Capstone Green Energy focuses on four key business lines. Through its Energy as a Service (EaaS) business, it offers rental solutions utilizing its microturbine energy systems and battery storage systems, comprehensive Factory Protection Plan (FPP) service contracts that guarantee life-cycle costs, as well as aftermarket parts. Energy Generation Technologies (EGT) are driven by the Company's industry-leading, highly efficient, low-emission, resilient microturbine energy systems offering scalable solutions in addition to a broad range of customer-tailored solutions, including hybrid energy systems and larger frame industrial turbines. The Energy Storage Solutions (ESS) business line designs and installs microgrid storage systems creating customized solutions using a combination of battery technologies and monitoring software. Through Hydrogen & Sustainable Products (H2S), Capstone Green Energy offers customers a variety of hydrogen products, including the Company's microturbine energy systems.
To date, Capstone has shipped over 10,000 units to 83 countries and estimates that in FY22, it saved customers over $213 million in annual energy costs and approximately 388,000 tons of carbon. Total savings over the last four years are estimated to be approximately $911 million in energy savings and approximately 1,503,100 tons of carbon savings.
For customers with limited capital or short-term needs, Capstone offers rental systems; for more information, contact: This email address is being protected from spambots. You need JavaScript enabled to view it..
For more information about the Company, please visit www.CapstoneGreenEnergy.com. Follow Capstone Green Energy on Twitter, LinkedIn, Instagram, Facebook, and YouTube.
About Renmark Financial Communications Inc.
Founded in 1999, Renmark Financial Communications Inc. is North America's leading retail investor relations firm. Employing a strategic and comprehensive mix of exposure tactics; Renmark hosts Virtual Non-Deal Roadshows as well as in-person corporate presentations and maintains daily communications with thousands of brokers and money managers across Canada and the United States. Renmark empowers its publicly traded clientele to maximize their visibility within the financial community and strengthen their investor audience.
Renmark Financial Communications Inc.
Scott Logan: This email address is being protected from spambots. You need JavaScript enabled to view it.
Tel: (416) 644-2020 or (212) 812-7680
www.renmarkfinancial.com
Capstone Green Energy
Investor and investment media inquiries:
818-407-3628
This email address is being protected from spambots. You need JavaScript enabled to view it.
DUBLIN--(BUSINESS WIRE)--The "Global Distributed Acoustic Sensing (DAS) Market (2022-2027) by Component, Fiber Type, Industry, Geography, Competitive Analysis, and the Impact of Covid-19 with Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.
The Global Distributed Acoustic Sensing (DAS) Market is estimated to be USD 578.2 Mn in 2022 and is projected to reach USD 1032.71 Mn by 2027, growing at a CAGR of 12.3%.
Market dynamics are forces that impact the prices and behaviors of the Global Distributed Acoustic Sensing (DAS) Market stakeholders. These forces create pricing signals which result from the changes in the supply and demand curves for a given product or service. Forces of Market Dynamics may be related to macro-economic and micro-economic factors. There are dynamic market forces other than price, demand, and supply. Human emotions can also drive decisions, influence the market, and create price signals.
As the market dynamics impact the supply and demand curves, decision-makers aim to determine the best way to use various financial tools to stem various strategies for speeding the growth and reducing the risks.
Competitive Quadrant
The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.
Ansoff Analysis
Why buy this report?
Market Dynamics
Drivers
Restraints
Opportunities
Challenges
Market Segmentation
The Global Distributed Acoustic Sensing (DAS) Market is segmented based on Component, Fiber Type, Industry and Geography.
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/twgtqb
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
This email address is being protected from spambots. You need JavaScript enabled to view it.
For E.S.T Office Hours Call 1-917-300-0470
For U.S./ CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
THORNTON, Colo.--(BUSINESS WIRE)--Ascent Solar Technologies, Inc. (NASDAQ: ASTI) – the leader in designing and manufacturing state-of-the-art, lightweight, flexible thin-film photovoltaic (PV) solutions – has hired Paul Warley Jr. as its next chief financial officer (CFO). Warley comes to Ascent Solar with significant experience in corporate turnarounds, restructuring, cross-border trade and capital advisory.
Prior to Ascent, Warley was president of Warley & Company LLC, a strategic advisory firm from 2015 to 2022 – providing executive management services, capital advisory, and M&A to middle-market companies in the service, construction, technology, oil & gas, clean energy, food, retail and green-building sectors. While at Warley & Company from 2018 to 2019, he was engaged as chief executive officer and CFO of 360Imaging, a provider of products and services for implant surgery and digital dentistry. From 2011 to 2015, Warley served clients in the alternative energy industry as a managing director and chief compliance officer with Deloitte Corporate Finance. From 1997 to 2011, Warley was managing director and region manager for GE Capital. From 1984 to 1997, Warley served as senior vice president with Bank of America and Bankers Trust.
“We would like to thank our outgoing CFO, Mike Gilbreth, for his efforts and the results achieved during his tenure,” said Ascent Solar CEO Jeffrey Max. “As we continue transforming Ascent Solar, Paul Warley’s 30-plus years of experience in financial management, investment banking, corporate restructuring and M&A will be of terrific value.”
Warley holds the Financial Industry Regulatory Authority Series 7, 24 and 63 licenses. He earned his bachelor’s in accounting from The Citadel and served in the U.S. Army, attaining the rank of Captain.
About Ascent Solar Technologies, Inc.
With 40 years of R&D, 15 years of manufacturing, numerous awards, and a comprehensive IP and patent portfolio, Ascent Solar is a leading provider of CIGS solar technology and manufacturer of innovative, high performance, flexible thin-film solar panels for both existing and emerging agrivoltaic, space, and aerospace applications. Ascent’s patented, monolithic integration process enables remarkable levels of flexibility, efficiency, durability and weight savings – revolutionizing the way solar power can be used in everyday life. Ascent Solar’s research and development center and 5-MW nameplate production facility are in Thornton, Colorado. To learn more, visit https://www.ascentsolar.com
Forward-Looking Statements
Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the company's actual operating results to be materially different from any historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements that explicitly describe these risks and uncertainties, readers are urged to consider statements that contain terms such as "believes," "belief," "expects," "expect," "intends," "intend," "anticipate," "anticipates," "plans," "plan," to be uncertain and forward-looking. No information in this press release should be construed as any indication whatsoever of our future revenues, stock price, or results of operations. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the company's filings with the Securities and Exchange Commission.
This email address is being protected from spambots. You need JavaScript enabled to view it. & This email address is being protected from spambots. You need JavaScript enabled to view it.
Initiative encourages fleets to adopt zero-emission off-road equipment
RICHMOND, Calif.--(BUSINESS WIRE)--Moxion Power Co.,a California-based manufacturer of clean, mobile energy storage technology, today announced that its product, the MP-75/600, is now eligible for the California Air Resources Board’s (CARB) Clean Off-Road Equipment Voucher Incentive Project (CORE).
CORE is a $125 million initiative to accelerate the deployment of zero-emission off-road equipment in industries such as construction, agriculture, freight, marine, and aviation/ground-support. The program issues a point-of-sale cash rebate to offset the cost of clean technology for businesses and government agencies seeking to decarbonize their off-road equipment.
Moxion’s MP-75/600 leverages a proprietary battery module design and cutting-edge inverter technology to deliver unmatched energy density and power conversion efficiencies for energy storage and charging applications. Moxion’s vertically integrated manufacturing capabilities ensure industry-leading safety, durability, and reliability.
“Moxion is proud to be part of the CORE program alongside such an impressive group of innovative companies, and we’re excited to see our technology enable electrification across a variety of off-road sectors,” said Paul Huelskamp, Moxion’s Co-Founder and CEO. “Moxion appreciates the State of California and CARB’s leadership in climate policy and looks forward to creating hundreds of advanced manufacturing jobs here in Richmond, California.”
Buyers of off-road equipment operating in California are eligible to receive voucher funds that cover a significant portion of the cost of Moxion’s mobile power product.
For more information, visit the CORE website or contact Moxion directly at This email address is being protected from spambots. You need JavaScript enabled to view it..
About Moxion Power Co.
Moxion Power manufactures mobile energy storage products and technologies, which enable electrification in industries such as construction, transportation, events and entertainment, film production and telecommunications. To learn more, please visit www.moxionpower.com.
Antonio Hicks
206-724-6789
This email address is being protected from spambots. You need JavaScript enabled to view it.
LITTLE ROCK, Ark.& HOUSTON--(BUSINESS WIRE)--Montrose Environmental Group, Inc. (“Montrose”) (NYSE: MEG) today announced the acquisition of Huco Consulting, Inc. (“Huco”), a leading consultant specializing in the implementation of environment, health and safety (EHS) and environmental, social and governance (ESG) systems and software for industrial, commercial and government clients. Huco’s leadership team, including co-founders Ron Huijsman and Sameer Vyas, will join Montrose’s Advisory and Specialty Services business, led by Senior Vice President Mark Hall. Terms of the transaction were not disclosed.
Founded in 2008, Huco is a team of EHS & ESG data management system consultants based in North America. Going beyond software, Huco supports clients from a variety of industries with the content, work processes, integrations, outputs, reporting and change management processes needed to sustain an information management system, enabling them to better monitor their environmental impacts, including carbon footprint, improve employee safety, and decrease compliance risk while reducing costs, improving efficiency and creating value.
“As environmental reporting needs increase for companies, the demand for systematic compliance and data aggregation is growing fast,” said Mark Hall, Senior Vice President of Advisory and Specialty Services. “With the addition of the experienced Huco team, we enhance our data offerings, expanding support for the compliance and ESG/Sustainability needs of our clients as we continue to pioneer real-time environmental monitoring and consolidated reporting. We welcome the Huco team and are excited to join talents with one of the top consulting firms for integrating EHS & ESG data.”
Huco’s co-founders Ron Huijsman and Sameer Vyas added: “We are thrilled to be joining Montrose, as our consulting businesses are highly complementary and we work with many of the same clients today. Our passion is creating and sustaining data management systems that not only manage compliance, risk and sustainability, but also create value for our clients’ organization, customers, people and other stakeholders. As part of the larger Montrose platform, we will be able to reach many more clients with our partners and do so with an organization that is fully committed to supporting our development, people and client solutions. We are excited to hit the ground running together in 2023.”
About Montrose
Montrose is a leading environmental services company focused on supporting commercial and government organizations as they deal with the challenges of today and prepare for what’s coming tomorrow. With more than 2,500 employees across over 75 locations around the world, Montrose combines deep local knowledge with an integrated approach to design, engineering and operations, enabling the company to respond effectively and efficiently to the unique requirements of each project. From comprehensive air measurement and laboratory services to regulatory compliance, emergency response, permitting, engineering and remediation, Montrose delivers innovative and practical solutions that keep its clients on top of their immediate needs – and well ahead of the strategic curve. For more information, visit montrose-env.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements may be identified by the use of words such as “intend,” “expect”, and “may”, and other similar expressions that predict or indicate future events or that are not statements of historical matters. Forward-looking statements are based on current information available at the time the statements are made and on management’s reasonable belief or expectations with respect to future events, and are subject to risks and uncertainties, many of which are beyond the Company’s control, that could cause actual performance or results to differ materially from the belief or expectations expressed in or suggested by the forward-looking statements. Further, many of these factors are, and may continue to be, amplified by the COVID-19 pandemic. Additional factors or events that could cause actual results to differ may also emerge from time to time, and it is not possible for the Company to predict all of them. Forward-looking statements speak only as of the date on which they are made, and the Company undertakes no obligation to update any forward-looking statement to reflect future events, developments or otherwise, except as may be required by applicable law. Investors are referred to the Company’s filings with the Securities and Exchange Commission for additional information regarding the risks and uncertainties that may cause actual results to differ materially from those expressed in any forward-looking statement.
Montrose
Investor Relations:
Rodny Nacier
(949) 988-3383
This email address is being protected from spambots. You need JavaScript enabled to view it.
Media Relations:
Doug Donsky
(646) 677-1844
This email address is being protected from spambots. You need JavaScript enabled to view it.
DENVER--(BUSINESS WIRE)--Fundare Resources Company, LLC (“Fundare” or the “Company”) announced that it has entered into a credit agreement (the “Credit Agreement”) among Fundare Redtail, LLC (the “Borrower”) and a syndicate of lenders led by BOK Financial as administrative agent. KeyBanc Capital Markets served as joint lead arranger and UMB Bank served as syndication agent.
The Credit Agreement provides for a reserve-based revolving facility (the “Credit Facility”) in an aggregate original commitment amount of $500 million with an initial borrowing base of $120 million that will be redetermined semi-annually. The Credit Facility will be used to refinance existing indebtedness, to fund future development of the Borrower’s oil and gas properties, and for other corporate development opportunities and general corporate purposes.
Cody Truitt, President & Chief Executive Officer of Fundare commented, “The closing of our new credit facility marks a significant step in the Company’s evolution. We are excited to accelerate development of the Fundare Redtail assets. We’ve recently received approval from the COGCC to drill and complete an eight well pad in Weld County and expect to expand development activities in the spring. I would like to thank Cibolo Energy Partners for their support in making the acquisition of Retail in the fall of 2021 possible, and to also thank our new bank group for its support to grow the business.”
The Company also has planned activity for its other businesses heading into 2023. Moonrise Midstream, LLC has recently signed two additional commercial agreements adding third-party volumes and revenue streams to the business. Similarly, Rangeview Resources, LLC, for whom a Company-owned subsidiary serves as a contract operator, is expected to commence development activities in the Green River Basin during the summer of 2023 with the drilling of two vertical Fort Union wells in the Milagro Unit.
Holland & Hart LLP acted as legal counsel to Fundare and Baker Botts LLP acted as legal counsel to BOK Financial.
About Fundare Resources Company, LLC:
Fundare Resources Company, LLC is a private oil and gas company pursuing low risk, yield driven, producing properties that maximize shareholder returns through the implementation of advanced completion technologies and prudent, low-cost operatorship. Fundare, Latin for “laying a foundation”, is built around the principle of establishing a foundation of assets managed with integrity, teamwork and transparency; proven values that have resulted in repeated success for its investors. Companies under Fundare’s management include Fundare Redtail, LLC, Rangeview Green River, LLC, and Moonrise Midstream, LLC.
Further information can be found at www.fundareresources.com.
Scott Landreth
Chief Financial Officer
This email address is being protected from spambots. You need JavaScript enabled to view it.
720-868-1300
Bitmain Purchase Agreement Meaningfully Increases Self-Mining Capabilities by 8,200 miners (+23%) to 44,450 Owned Miners with an Expected Hash Rate Capacity of 5.0 EH/s
Fully Utilizes Expected 160 MW of Mining Infrastructure Capacity Available in Q1 2023 with Approximately 34,000 Miners at Lake Mariner and 15,000 Miners at Nautilus Cryptomine
Raises Capital to Repay Convertible Promissory Note and Terminate SEPA with Yorkville
EASTON, Md.--(BUSINESS WIRE)--$WULF #Bitcoin--TeraWulf Inc. (Nasdaq: WULF) (“TeraWulf” or the “Company”), which owns and operates vertically integrated, domestic bitcoin mining facilities powered by more than 91% zero-carbon energy, today announced that it has successfully restructured its previously announced purchase agreement with Bitmain Technologies Limited (“Bitmain”), enabling the Company to significantly expand its self-mining capacity and fully utilize 160 MW of its available mining capacity expected in Q1 2023. The Company also announced that it has raised new capital to repay the convertible promissory note (the “Advance”) with YA II PN, Ltd. (“Yorkville”) in full and expects to simultaneously issue a notice to Yorkville to terminate the accompanying standby equity purchase agreement (“SEPA”).
Increased Miner Deliveries
In connection with the recent modifications to the Company’s purchase agreement with Bitmain, the parties have agreed to cancel TeraWulf’s December 2022 batch of approximately 3,000 S19 XP Pro bitcoin mining machines and, together with the application of remaining unused deposits with Bitmain, replace that batch with approximately 14,000 S19j Pro miners for delivery in Q1 2023 at no additional cost to the Company.
With the incremental delivery of 8,200 miners, the Company is increasing its estimated Q1 2023 self-mining target to 44,450 owned miners deployed (5.0 EH/s) from its prior estimate of 36,250 owned miners (4.3 EH/s). Additionally, the revised Bitmain agreement should enable the Company to fully utilize its 110 MW of mining capacity (currently 60 MW is operational) at the Lake Mariner facility and 50 MW of net mining capacity at the Nautilus Cryptomine facility, both of which are expected to be fully energized in Q1 2023.
“By virtue of our cooperative working relationship with Bitmain, we have optimized our miner deliveries to significantly increase TeraWulf’s self-mining hash rate target. With this recent agreement, the Company’s self-mining hash rate will increase by 23% and produce Bitcoin at an all-in cost to mine of approximately $6,300 per coin1,” stated Nazar Khan, Co-founder and Chief Operating Officer of TeraWulf.
“There is no doubt the mining business has been challenging over the last 12 months; however, we are strategically positioned as one of – if not the – lowest-cost producers of Bitcoin and we will continue to strategically and prudently expand our operations while remaining focused on cost savings and profit margins,” added Nazar Khan. “With our targeted average power cost of $0.035/kWh, which is 30% below the sector average of $0.050/kWh2, for the 160+ MW of mining capability across our two sites, we firmly believe that TeraWulf will be one of the few bitcoin miners that can sustainably and profitably operate in a low Bitcoin price environment.”
Termination of SEPA
The Company also today announced that it has raised approximately $10 million of new capital comprised of a $6.7 million registered direct offering of common stock in addition to the previous issuance of $3.4 million of convertible promissory notes to some of its largest shareholders in a transaction exempt from registration under the Securities Act of 1933, as amended.
The Company intends to use the aggregate net proceeds to repay the Advance with Yorkville and simultaneously issue a notice to Yorkville to terminate the accompanying SEPA entered into on June 2, 2022, and for other general corporate purposes.
About TeraWulf
TeraWulf (Nasdaq: WULF) owns and operates vertically integrated environmentally clean bitcoin mining facilities in the United States. Led by an experienced group of energy entrepreneurs, the Company is currently operating and constructing two mining facilities, Lake Mariner in New York, and Nautilus Cryptomine in Pennsylvania, with the objective of 800 MW of mining capacity deployed by 2025. TeraWulf generates domestically produced bitcoin powered by nuclear, hydro, and solar energy with a goal of utilizing 100% zero-carbon energy. With a core focus of ESG that ties directly to its business success, TeraWulf expects to offer attractive mining economics at an industrial scale.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, as amended. Such forward-looking statements include statements concerning anticipated future events and expectations that are not historical facts. All statements, other than statements of historical fact, are statements that could be deemed forward-looking statements. In addition, forward-looking statements are typically identified by words such as “plan,” “believe,” “goal,” “target,” “aim,” “expect,” “anticipate,” “intend,” “outlook,” “estimate,” “forecast,” “project,” “continue,” “could,” “may,” “might,” “possible,” “potential,” “predict,” “should,” “would” and other similar words and expressions, although the absence of these words or expressions does not mean that a statement is not forward-looking. Forward-looking statements are based on the current expectations and beliefs of TeraWulf’s management and are inherently subject to a number of factors, risks, uncertainties and assumptions and their potential effects. There can be no assurance that future developments will be those that have been anticipated. Actual results may vary materially from those expressed or implied by forward-looking statements based on a number of factors, risks, uncertainties and assumptions, including, among others: (1) conditions in the cryptocurrency mining industry, including fluctuation in the market pricing of bitcoin and other cryptocurrencies, and the economics of cryptocurrency mining, including as to variables or factors affecting the cost, efficiency and profitability of cryptocurrency mining; (2) competition among the various providers of cryptocurrency mining services; (3) changes in applicable laws, regulations and/or permits affecting TeraWulf’s operations or the industries in which it operates, including regulation regarding power generation, cryptocurrency usage and/or cryptocurrency mining; (4) the ability to implement certain business objectives and to timely and cost-effectively execute integrated projects; (5) failure to obtain adequate financing on a timely basis and/or on acceptable terms with regard to growth strategies or operations; (6) loss of public confidence in bitcoin or other cryptocurrencies and the potential for cryptocurrency market manipulation; (7) the potential of cybercrime, money-laundering, malware infections and phishing and/or loss and interference as a result of equipment malfunction or break-down, physical disaster, data security breach, computer malfunction or sabotage (and the costs associated with any of the foregoing); (8) the availability, delivery schedule and cost of equipment necessary to maintain and grow the business and operations of TeraWulf, including mining equipment and infrastructure equipment meeting the technical or other specifications required to achieve its growth strategy; (9) employment workforce factors, including the loss of key employees; (10) litigation relating to TeraWulf, RM 101 f/k/a IKONICS Corporation and/or the business combination; (11) the ability to recognize the anticipated objectives and benefits of the business combination; and (12) other risks and uncertainties detailed from time to time in the Company’s filings with the Securities and Exchange Commission (“SEC”). Potential investors, stockholders and other readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they were made. TeraWulf does not assume any obligation to publicly update any forward-looking statement after it was made, whether as a result of new information, future events or otherwise, except as required by law or regulation. Investors are referred to the full discussion of risks and uncertainties associated with forward-looking statements and the discussion of risk factors contained in the Company’s filings with the SEC, which are available at www.sec.gov.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities, nor shall there be any sale of securities in any states or jurisdictions in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of the Securities Act of 1933, as amended.
| _______________________ |
1 Assumes a total self-mining fleet hash rate of 5.0 EH/s, energy cost of $0.035/kWh, current network hash rate of 249 EH/s and total self-mining fleet load of approximately 137 MW. |
2 Source: Cambridge Bitcoin Electricity Consumption Index (CBECI) (ccaf.io). |
Company Contact:
Sandy Harrison
This email address is being protected from spambots. You need JavaScript enabled to view it.
(410) 770-9500
DUBLIN--(BUSINESS WIRE)--The "Gas Industry in South Africa 2022" report has been added to ResearchAndMarkets.com's offering.
South Africa faces a number of challenges such as a lack of supply and insufficient gas infrastructure. The Department of Mineral Resources and Energy wants to anchor gas demand on gas-to-power projects which it argues can help address the country's electricity shortage and help create a gas industry.
However, the sector faces an increasing number of challenges from environmental activists who have argued that as gas is a fossil fuel, the country should not be investing in it, despite the government and experts arguing that it can be deployed in the energy transition while more renewable energy projects come online.
Significant Discoveries
The 2019 condensate discovery off the southern coast of South Africa, and two new Namibia finds in early 2022 by Shell and TotalEnergies are expected to attract major oil companies and drive significant new upstream oil activity offshore. There is also onshore potential for both coal bed methane and shale gas, with significant recoverable shale gas resources in the semi-desert Karoo Basin.
Declining Production
Currently the country has only one liquefied natural gas producer, Renergen, which produces small amounts from its Virginia Gas Project in the Free State and aimed to begin full production later in 2022.
PetroSA no longer produces liquefied natural gas since feedstock to its gas-to-liquids refinery in Mossel Bay ran out at the end of 2020. Previously five of South Africa's six refineries produced liquefied petroleum gas, but now it is only produced at Sasol's Secunda refinery, while imports cover about 70% of local demand.
Report Coverage
This report on the gas industry in South Africa provides comprehensive information on production, demand, prices and trade statistics of various forms of gas and developments including exploration, discoveries and corporate actions. There is information on gas infrastructure and pipelines, gas to power and the role of gas in energy transition.
The report includes profiles of 13 companies such as state-owned PetroSA, major players such as Sasol Gas, local producer Renergen and wholesalers such as Afrox.
Key Topics Covered:
1. INTRODUCTION
2. DESCRIPTION OF THE INDUSTRY
2.1. Industry Value Chain
2.2. Geographic Position
2.3. Size of the Industry
2.4. Key Success Factors and Pain Points
3. LOCAL
3.1. State of the Industry
3.2. Key Trends
3.3. Notable Players
3.4. Trade
3.5. Corporate Actions
3.6. Regulations
3.7. Enterprise Development and Social Economic Development
4. AFRICA
5. INTERNATIONAL
6. INFLUENCING FACTORS
6.1. COVID-19
6.2. Economic Environment
6.3. Labour
6.4. Environmental Issues
6.5. Technology, Research and Development (R&D) and Innovation
6.6. Government Support
6.7. Input Costs
6.8. Pricing
6.9. Carbon Tax
6.10. New Gas Discoveries
7. COMPETITIVE ENVIRONMENT
7.1. Competition
7.2. Ownership Structure of the Industry
7.3. Barriers to Entry
8. SWOT ANALYSIS
9. OUTLOOK
10. INDUSTRY ASSOCIATIONS
11. REFERENCES
APPENDIX 1 - SUMMARY OF NOTABLE PLAYERS
COMPANY PROFILES- MANUFACTURERS OF GAS
COMPANY PROFILES- DISTRIBUTORS OF GAS VIA PIPELINES
For more information about this report visit https://www.researchandmarkets.com/r/qf6al4
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
This email address is being protected from spambots. You need JavaScript enabled to view it.
For E.S.T Office Hours Call 1-917-300-0470
For U.S./ CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Middlebury Latest Community to Engage iSun’s Expertise
WILLISTON, Vt.--(BUSINESS WIRE)--iSun, Inc. (NASDAQ: ISUN) (the "Company," or "iSun"), a leading solar energy and clean mobility infrastructure company with 50-years of experience accelerating the adoption of innovative electrical technologies, today announced that it was awarded a $3.1 million contract to implement solar energy solutions in Middlebury, Vermont.
HIGHLIGHTS:
“We are very pleased by our continued progress in securing awards for solar projects throughout New England, with the latest win in Middlebury, Vermont,” said Jeffrey Peck, Chairman and Chief Executive Officer of iSun. “This demonstrates the continued strong customer demand for solar energy in our markets, and the success of our team in cultivating long-term customer relationships for iSun. The transition to clean energy remains the most important initiative of our generation and we are proud to assist more communities in achieving alternative energy solutions.”
About iSun Inc.
Since 1972, iSun has accelerated the adoption of proven, life-improving innovations in electrification technology. iSun has been the trusted service provider to Fortune 500 companies for decades and has installed clean rooms, fiber optic cables, flight simulators, and over 600 megawatts of solar systems. The Company currently provides a comprehensive suite of solar services across residential, commercial, industrial & municipal, and utility scale projects and provides solar electric vehicle charging solutions for both grid-tied and battery backed solar EV charging systems. iSun believes that the transition to clean, renewable solar energy is the most important investment to make today and is focused on profitable growth opportunities. Please visit www.isunenergy.com for additional information.
Forward Looking Statements
This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. Words or phrases such as "may," "should," "expects," "could," "intends," "plans," "anticipates," "estimates," "believes," "forecasts," "predicts" or other similar expressions are intended to identify forward-looking statements, which include, without limitation, earnings forecasts, effective tax rate, statements relating to our business strategy and statements of expectations, beliefs, future plans and strategies and anticipated developments concerning our industry, business, operations and financial performance and condition.
The forward-looking statements included in this press release are based on our current expectations, projections, estimates and assumptions. These statements are only predictions, not guarantees. Such forward-looking statements are subject to numerous risks and uncertainties that are difficult to predict. These risks and uncertainties may cause actual results to differ materially from what is forecast in such forward-looking statements, and include, without limitation, the risk factors described from time to time in our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K.
All forward-looking statements included in this press release are based on information currently available to us, and we assume no obligation to update any forward-looking statement except as may be required by law.
iSun Investor Relations
This email address is being protected from spambots. You need JavaScript enabled to view it.
Chicagoland students wrap up fall semester of Create a Spark program, focused on building next generation of scientists, engineers and innovators
CHICAGO--(BUSINESS WIRE)--As part of their effort to prepare the next generation of clean energy professionals, ComEd and HFS Chicago Scholars are celebrating the fifth year of their Create a Spark program and its second graduating class. The Create a Spark program is a four-year curriculum for high-achieving Chicago high school students to learn about energy, climate change, the electric grid and renewables like wind and solar. This semester, 37 juniors and 46 seniors participated in a curriculum designed by ComEd mentors and the National Energy Education Development (NEED) Project.
“From energy basics to applied engineering, the ComEd Create a Spark program provides hands-on learning opportunities for students to learn about the power grid,” said Gil Quiniones, CEO of ComEd. “As we work towards a clean energy future, educating the next generation of STEM leaders will be crucial for this transition. I look forward to the impact these students will have on the world as they pursue their own STEM careers.”
Since fall 2018, ComEd has welcomed over 175 students into the Create a Spark program. One hundred percent of the 2022 graduating class is currently attending a college or university, and 60 percent of those students are pursuing a science, technology, engineering or math (STEM) degree. The program uses a rigorous four-year, hybrid curriculum to connect students with ComEd mentors.
“HFS prides itself on the success of its scholars, and much of that success can be attributed to the valuable mentorship these students receive during their four-year program,” said Matthew Suss, Director of Operations at HFS Chicago Scholars. “Having regular opportunities to work with ComEd engineers in Create a Spark provides real-life examples of STEM careers and helps encourage many of our scholars to pursue STEM degrees in college.”
This year’s junior class ended their semester with a community outreach project designed to educate ComEd customers on their energy efficiency and personal impact on climate change. Their projects focused on the power of a social media campaign detailing simple, affordable actions ComEd customers can take to be reduce their monthly power bills and energy use, including exchanging incandescent light bulbs for LEDs and unplugging appliances when not in use. These campaigns were presented to ComEd engineers and executives on Saturday, Dec. 10.
The 2022 senior class designed, insulated and built their own energy efficient model homes, complete with solar panels. This project helped teach these young adults about the cost of their energy bill while exposing them to various aspects of STEM to complete their homes. A graduation ceremony for these students will be held in spring 2023.
Freshmen and sophomore students will participate in Create a Spark during the 2023 spring semester, where freshmen will learn about energy and STEM careers and sophomores will focus on electric circuits and components of the power grid.
“NEED programming teaches students about energy, but it also allows them to gain the workforce and leadership skills necessary for their future careers,” said Mary Spruill, Executive Director at National Energy Education Development. “ComEd’s Create a Spark program encourages high school students to explore engineering with the support of mentors. We are proud to play a role in providing the resources and opportunities for these students’ success.”
Interested students can apply to HFS in the fall of eighth grade. To qualify, students must plan to attend a private high school that requires tuition in the Chicagoland area and meet a variety of academic criteria. All HFS Chicago Scholar participants are automatically enrolled in the Create a Spark program.
The ComEd Create a Spark program is one of many STEM education programs offered throughout the year. Other signature programs include, ComEd STEM Labs, focused on encouraging more students of color to purse STEM careers, the ComEd EV Rally, a program for Chicagoland girls to learn about electric vehicles (EVs) and STEM while connecting with women mentors, and the ComEd Youth Ambassadors, a summer course for students to learn about energy efficiency, renewable energy and the power grid.
Students, parents and educators interested in being notified about upcoming ComEd STEM youth programs and when to apply can submit their email address at: STEMsignUp.com/ComEd.
###
ComEd is a unit of Chicago-based Exelon Corporation (NASDAQ: EXC), a Fortune 200 energy company with approximately 10 million electricity and natural gas customers – the largest number of customers in the U.S. ComEd powers the lives of more than 4 million customers across northern Illinois, or 70 percent of the state’s population. For more information visit ComEd.com, and connect with the company on Facebook, Twitter, Instagram and YouTube.
HFS Chicago Scholars helps underserved Chicago high school students flourish in and out of the classroom by providing educational enrichment through our lifelong mentoring, college readiness and academic excellence programs, as well as providing financial assistance to attend top Chicago-area schools
ComEd
Media Relations
312-394-3500
In newly created role, Wagle will advance the company’s technology strategy to support global growth
DENVER--(BUSINESS WIRE)--Vantage Data Centers, a leading global provider of hyperscale data center campuses, today announced the addition of Purnima Wagle to its global leadership team as chief information officer (CIO). In this newly created role, Wagle will advance Vantage’s internal technology strategy and drive technological innovation for the company, which has experienced remarkable growth across five continents over the last two years. Wagle’s remit includes overseeing IT, software development, business process improvement and automation systems.
An award-winning executive with an extensive global background managing large, decentralized teams, Wagle brings more than 20 years of experience in digital and technology leadership to Vantage. She joins the company from DCP Midstream, a Fortune 500 energy company, where she served as CIO and digital transformation leader, and won the ORBIE Colorado CIO of the Year award for excellence in using technology to transform an organization. In 2020, the Denver Business Journal recognized Wagle on its list of Top Women in Energy.
“As Vantage experiences rapid growth around the globe, continually improving our technology strategy and execution remains a top priority. Purnima’s extensive background in all areas of digital transformation, from data analytics to facility optimization, robotic process automation, information security and risk management, will undoubtedly drive industry-leading innovation and deliver results for our customers,” said Chris Yetman, chief operating officer of Vantage. “We are excited to welcome Purnima to lead our internal business technology implementations as well as liaising with our customers to ensure we are delivering the technology they require to support their businesses.”
“Vantage has proven itself as an industry leader during a time when we are experiencing explosive demand for digital infrastructure along with macroeconomic challenges such as security, environmental concerns and energy supply constraints,” said Wagle. “I am thrilled to help the company continue driving its growth and expand the breadth of results we provide for our customers across Vantage’s portfolio.”
Prior to her time at DCP Midstream, Wagle spent nine years at Flex where she served in a variety of leadership roles, most recently as vice president of business transformation, global procurement and supply chain.
She is based at Vantage’s corporate headquarters in Denver.
About Vantage Data Centers
Vantage Data Centers powers, cools, protects and connects the technology of the world’s well-known hyperscalers, cloud providers and large enterprises. Developing and operating across five continents in North America, EMEA and Asia Pacific, Vantage has evolved data center design in innovative ways to deliver dramatic gains in reliability, efficiency and sustainability in flexible environments that can scale as quickly as the market demands.
For more information, visit www.vantage-dc.com.
Press Contacts
Mark Freeman
Vantage Data Centers
This email address is being protected from spambots. You need JavaScript enabled to view it.
+1-202-680-4243
Robin Bectel
REQ for Vantage Data Centers
This email address is being protected from spambots. You need JavaScript enabled to view it.
+1-703-287-7827
HOUSTON--(BUSINESS WIRE)--Cheniere Energy, Inc. (“Cheniere”) (NYSE American: LNG) announced today the pricing of its cash tender offer to purchase any and all of the $1.25 billion aggregate principal amount of the outstanding 7.000% Senior Secured Notes due 2024 (the “Notes”) issued by Cheniere Corpus Christi Holdings, LLC (“CCH”) on the terms set forth in the table below. The table below sets forth the applicable Reference Yield and Consideration for the Notes, as calculated at 11:00 a.m., New York City time, today, December 9, 2022, in accordance with the Offer to Purchase.
Series of Notes(1) |
CUSIP Numbers |
Aggregate Principal Amount Outstanding |
U.S. Treasury Reference Security |
Reference Yield |
Bloomberg Reference Page |
Fixed Spread |
Total Consideration(2) |
7.000% Senior Secured Notes due 2024 |
16412X AD7, 16412X AA3 |
$1,250,000,000 |
0.75% UST due December 31, 2023 |
4.740% |
PX4 |
50.0 bps |
$1,017.67 |
(1) The issuer of the Notes is CCH, which is a wholly-owned subsidiary of Cheniere.
(2) Per $1,000 principal amount of Notes validly tendered, and not validly withdrawn and accepted for purchase, including through the Guaranteed Delivery Procedures (as defined below), at or prior to the Expiration Date (as defined below) for the tender offer; excludes the accrued interest to be payable on the Notes and assumes a settlement date of December 14, 2022.
The tender offer is being made solely pursuant to the terms and conditions set forth in an Offer to Purchase, dated December 5, 2022. Holders of the Notes are urged to carefully read the Offer to Purchase before making any decision with respect to the tender offer. The tender offer is not conditioned on any minimum amount of Notes being tendered. Subject to applicable law, Cheniere may amend, extend or terminate the tender offer in its sole discretion. Capitalized terms used but not defined in this announcement have the meanings given to them in the Offer to Purchase.
The tender offer will expire at 5:00 p.m., New York City time, today, December 9, 2022, unless extended or terminated by Cheniere (such time and date, as the same may be extended or terminated by Cheniere in its sole discretion, subject to applicable law, the “Expiration Date”). Tendered Notes may be withdrawn at or prior to the Expiration Date by following the procedures in the Offer to Purchase, but may not thereafter be validly withdrawn, unless otherwise required by applicable law.
Holders of Notes must validly tender and not validly withdraw their Notes, or submit a Notice of Guaranteed Delivery and comply with the related procedures, prior to the Expiration Date in order to be eligible to receive the Consideration. Accrued and unpaid interest will be paid on all Notes validly tendered and accepted for purchase from the last interest payment date up to, but not including, the settlement date, which is expected to be on or about December 14, 2022.
For holders who deliver a Notice of Guaranteed Delivery and all other required documentation at or prior to the Expiration Date, upon the terms and subject to the conditions set forth in the Offer to Purchase and Notice of Guaranteed Delivery, the deadline to validly tender Notes using the guaranteed delivery procedures set forth in the Offer to Purchase (the “Guaranteed Delivery Procedures) will be the second business day after the Expiration Date and is expected to be 5:00 p.m., New York City time, on December 13, 2022.
Cheniere has retained BofA Securities to act as the dealer manager and D.F. King & Co., Inc. to act as the tender and information agent for the tender offer. For additional information regarding the terms of the tender offer, please contact BofA Securities at (980) 388 3646, (888) 292 0070, or This email address is being protected from spambots. You need JavaScript enabled to view it.. Requests for copies of the Offer to Purchase and questions regarding the tendering of Notes may be directed to D.F. King & Co., Inc. at (212) 269-5550 (for banks and brokers) or (888) 280-6942 (all others, toll-free) or email This email address is being protected from spambots. You need JavaScript enabled to view it.. The Offer to Purchase, and the related Notice of Guaranteed Delivery can be accessed at the following link: www.dfking.com/cheniere.
This press release is for informational purposes only and does not constitute an offer to purchase securities or a solicitation of an offer to sell any securities or an offer to sell or the solicitation of an offer to purchase any securities nor does it constitute an offer or solicitation in any jurisdiction in which such offer or solicitation is unlawful.
None of Cheniere, the tender and information agent, the dealer manager or the trustee (nor any of their respective directors, officers, employees or affiliates) makes any recommendation as to whether holders should tender their Notes pursuant to the tender offer, and no one has been authorized by any of them to make such a recommendation. Holders must make their own decisions as to whether to tender their Notes, and, if so, the principal amount of Notes to tender.
Forward-Looking Statements
This press release contains certain statements that may include “forward-looking statements” within the meanings of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical or present facts or conditions, included herein are “forward-looking statements.” Included among “forward-looking statements” are, among other things, statements regarding Cheniere’s business strategy, plans and objectives, including statements regarding the intended conduct, timing and terms of the tender offer, related financing plans and any future actions by Cheniere in respect of the Notes. Although Cheniere believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Cheniere’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in Cheniere’s periodic reports that are filed with and available from the Securities and Exchange Commission. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Other than as required under the securities laws, Cheniere does not assume a duty to update these forward-looking statements.
Cheniere Contacts
Investors
Randy Bhatia, 713-375-5479
Frances Smith, 713-375-5753
Media Relations
Eben Burnham-Snyder, 713-375-5764
Phil West, 713-375-5586
Offshore Source keeps you updated with relevant information concerning the Offshore Energy Sector.
Any views or opinions represented on this website belong solely to the author and do not represent those of the people, institutions or organizations that Offshore Source or collaborators may or may not have been associated with in a professional or personal capacity, unless explicitly stated.