- B&W Renewable technology will be used to generate power for the equivalent of 95,000 homes and significantly reduce landfill methane emissions
- Plant will divert 435,000 tons of non-recyclable waste from landfills annually
AKRON, Ohio--(BUSINESS WIRE)--$BW #wastetoenergy--Babcock & Wilcox (B&W) (NYSE: BW) announced today that its B&W Renewable segment has been awarded a contract for approximately $58 million to design and supply an advanced waste-to-energy boiler, combustion grate and other equipment for a waste-to-energy power plant in Europe.
B&W Renewable’s technologies, including its advanced DynaGrate® combustion grate, will help the plant operator divert 435,000 tons of non-recyclable waste from landfills, reducing methane emissions and providing renewable energy for the equivalent of 95,000 homes. The DynaGrate is ideally suited for waste-to-energy applications and features a high level of fuel flexibility, energy recovery and combustion efficiency, while also reducing emissions by destroying dioxins and furans, minimizing formation of nitrogen oxides and limiting unburned carbon.
“Diverting hundreds of thousands of tons of waste each year will significantly reduce the environmental impact of landfilled waste in this region, including from runoff and methane emissions,” said Jimmy Morgan, B&W Chief Operating Officer. “Waste-to-energy, biomass and renewable technologies are an important part of B&W’s business growth strategy, and we’re pursuing other significant renewable energy projects around the world.”
As the world looks to reduce greenhouse gas emissions and reliance on fossil fuels, waste-to-energy technology can play a key role in those efforts while providing renewable, baseload power. In Europe alone, 50 million tons of waste is converted into valuable energy, supplying 27 million residents with power and substantially reducing the need for landfills.
About Babcock & Wilcox
Headquartered in Akron, Ohio, Babcock & Wilcox Enterprises is a leader in energy and environmental products and services for power and industrial markets worldwide. Follow us on LinkedIn and learn more at www.babcock.com.
About B&W Renewable
Babcock & Wilcox Renewable offers cost-effective technologies for efficient and environmentally sustainable power and heat generation, including waste-to-energy, biomass energy and black liquor systems for the pulp and paper industry. B&W Renewable’s leading technologies support a circular economy, diverting waste from landfills to use for power generation and replacing fossil fuels, while recovering metals and reducing emissions.
Forward-Looking Statements
B&W cautions that this release contains forward-looking statements, including, without limitation, statements relating to the receipt of a contract for more than $58 million to design and supply a waste-to-energy boiler, combustion grate, ash-handling system and other equipment for a waste-to-energy plant in Europe, as well as the corresponding reduction in the environmental impact of landfilled waste in this region. These forward-looking statements are based on management’s current expectations and involve a number of risks and uncertainties. For a more complete discussion of these risk factors, see our filings with the Securities and Exchange Commission, including our most recent annual report on Form 10-K. If one or more of these risks or other risks materialize, actual results may vary materially from those expressed. We caution readers not to place undue reliance on these forward-looking statements, which speak only as of the date of this release, and we undertake no obligation to update or revise any forward-looking statement, except to the extent required by applicable law.
Investor Contact:
Megan Wilson
Vice President, Corporate Development & Investor Relations
Babcock & Wilcox
330-860-6802 | 704.625.4944
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Media Contact:
Ryan Cornell
Public Relations
Babcock & Wilcox
330.860.1345
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The latest addition to the IncOder Series, the Multiturn offers precise angle measurements for applications including robot joints, cranes and antenna masts
BEDFORD, Mass.--(BUSINESS WIRE)--Celera Motion, an award-winning business unit of Novanta Inc., announced today the latest addition to its groundbreaking IncOder™ and Ultra IncOder™ Series: the Multiturn IncOder inductive angle encoder.
Using an inductive technique, the non-contact Multiturn IncOder enables precise and reliable absolute angle measurement over multiple revolutions, even in harsh environments. It is easy to install in a wide spectrum of applications, including robot joints, servo motors, linear stages, cartesian robots, cranes, wind turbines and antenna masts.
“Celera Motion’s IncOder Series offers the industry’s most advanced angular measurement capabilities, providing precise, reliable measurements that our customers have come to rely upon,” said Mike Mainvielle, Vice President of Product Management & Marketing for Celera Motion. “Demand is growing for these innovative products, so we’re excited to introduce the Multiturn IncOder to the series. It is ideal for more compact and lightweight systems and performs extraordinarily well even in the toughest environments.”
Introduced in 2019 as a high-accuracy expansion of the original IncOder Series, the Ultra IncOder Series features absolute, inductive encoders that provide precision angle measurements in harsh environments and applications where fit-and-forget reliability is critical.
The Ultra IncOder Series is available in sizes 75 to 300mm. Each unit is pre-calibrated and offers up to 19 arc-seconds accuracy depending on size. Higher accuracy units enable precise positioning and optimal system performance.
The latest addition to the series is the Multiturn IncOder, a robust absolute inductive encoder with non-volatile turn count storage. It is designed for applications where motion exceeds one turn, such as rotary-to-linear motion and geared rotary systems.
Perfect for more compact and lightweight systems, the Multiturn IncOder is a low-profile ring encoder with a large through-hole. Unlike traditional multiturn encoders, the gearless design is wear-free and does not require a battery backup supply. It integrates easily with Everest and Capitan servo drives and can be direct mounted without special couplings or high tolerance.
The Multiturn IncOder measures the absolute angle position within a single turn, and also monitors the number of revolutions. Turn count is always retained, even during “loss of power” events.
Among its benefits, the Multiturn IncOder offers:
The sensor offers up to 21 bits single turn resolution and 12 bits multiturn resolution (8 bits for SSI options) and is available as part of the Midi IncOder and Midi Ultra IncOder Series.
More details about the Multiturn IncOder can be found at www.celeramotion.com/multiturn-incoder/. Further information about the entire Ultra IncOder Series can be found at www.celeramotion.com/ultra-incoder/.
About Celera Motion
Celera Motion, headquartered in Bedford, Mass., is a market-leading provider of motion control components and subsystems for OEMs serving a variety of medical and advanced industrial markets. Celera Motion offers precision encoders, motors, and customized mechatronic solutions that help customers solve challenging motion control problems. For more information, visit www.celeramotion.com.
About Novanta
Novanta is a trusted technology partner to OEMs in the medical and advanced industrial technology markets, with deep proprietary expertise in photonics, vision and precision motion technologies. For more information, visit www.novanta.com.
Mary Jane McCraven
Celera Motion, a Novanta Company
+1-978-944-6378
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Eco-Smart allows Wallbox users to charge their electric vehicle with solar energy at home;
Power Boost measures a home’s real-time energy usage and automatically adjusts EV charging based on the electrical panel’s maximum capacity.
MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Wallbox (NYSE:WBX), a leader in electric vehicle charging and energy management solutions worldwide, today announced the launch of Eco-Smart and Power Boost, the company’s first home energy management features available for EV drivers in the U.S. Eco-Smart and Power Boost come standard with Pulsar Plus, the smallest available smart home EV charger in North America, capable of 48Amp (11.5kW) charging. With these new features, Wallbox continues to extend its market leadership in energy management and provide its users with intelligent charging solutions for sustainable home energy use.
“These latest features represent a leap forward in how EV owners can charge their vehicles at home,” said Douglas Alfaro, General Manager of Wallbox North America. “With the release of Eco-Smart and Power Boost, we have reimagined the way in which energy is monitored, used, accessed and optimized for EV owners throughout the home. As energy costs and demand are expected to continue to rise, intelligently managed EV chargers will become not only a cost-savings measure, but a way to facilitate the transition to clean energy in the future.”
Maximize clean energy consumption
Eco-Smart uses a power meter to measure the energy from a home’s rooftop solar system to charge an EV in an efficient and sustainable way. This feature lets homeowners determine the source and mix of power to be delivered to the EV and is available in two modes:
Eco-Smart can be controlled through the myWallbox app on a mobile device if the user prefers to switch to all-grid power.
Enable more powerful EV charging at home
Power Boost is designed to allow installation of a more powerful charger where the home's electrical capacity might otherwise require limiting the power available for EV charging.
Power Boost is able to measure the real-time energy usage of a household and dynamically adjust EV charging power. This permits users to install a more powerful EV charger in their homes. When electrical consumption of the household is increased, for example, when air conditioning is in use, EV charging power can be dynamically reduced to avoid overloading the electrical system. As household electrical consumption decreases, EV charging power is increased so that users can charge at maximum speed.
The heart of the energy management system
Both Power Boost and Eco-Smart features are embedded within Pulsar Plus and are easily activated through the myWallbox app and with the professional installation of a power meter kit (available at wallbox.com or via a Wallbox-certified reseller).
Pulsar Plus, Wallbox’s best selling home charger worldwide, is compatible with all EVs, including Teslas, using the Tesla-provided J1772 adapter. Features include flexible amperage setting, Bluetooth and Wi-Fi connectivity, charge scheduling, power sharing, the myWallbox app, and voice control via Amazon Alexa and Google Home.
About Wallbox
Wallbox is a global technology company, dedicated to changing the way the world uses energy. Wallbox creates advanced electric vehicle charging and energy management systems that redefine users' relationship to the grid. Wallbox goes beyond electric vehicle charging to give users the power to control their consumption, save money, and live more sustainably. Wallbox offers a complete portfolio of charging and energy management solutions for residential, semi-public and public use in more than 80 countries.
Founded in 2015 and headquartered in Barcelona, the company now employs over 700 people in its offices in Europe, Asia, and the Americas.
For additional information, please visit www.wallbox.com.
Wallbox Forward Looking Statements
This press release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including, without limitation, statements regarding the expected cost savings expected from the use of Eco-Smart and Power Boost and the ability for Eco-Smart and Power Boost to reduce electrical consumption. In some cases, you can identify forward-looking statements by terminology such as "anticipate," "believe," "may," "can," "should," "could," "might," "plan," "possible," "project," "strive," "budget," "forecast," "expect," "intend," "will," "estimate," "predict," "potential," "continue" or the negatives of these terms or variations of them or similar terminology, but the absence of these words does not mean that statement is not forward-looking. Such forward-looking statements are subject to risks, uncertainties, and other factors which could cause actual results to differ materially from those expressed or implied by such forward looking statements. In addition, any statements or information that refer to expectations, beliefs, plans, projections, objectives, performance or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking.
These forward-looking statements are based on management’s current expectations and beliefs. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause Wallbox’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to: Wallbox’s history of operating losses as an early stage company; the adoption and demand for electronic vehicles including the success of alternative fuels, changes to rebates, tax credits and the impact of government incentives; Wallbox’s ability to successfully manage its growth; the accuracy of Wallbox’s forecasts and projections including those regarding its market opportunity; competition; risks related to health pandemics including those of COVID-19; losses or disruptions in Wallbox’s supply or manufacturing partners; Wallbox’s reliance on the third-parties outside of its control; risks related to Wallbox’s technology, intellectual property and infrastructure; and other important factors discussed under the caption "Risk Factors" in Wallbox’s final prospectus on Form 424(b)(3) filed with the SEC on September 20, 2021, as such factors may be updated from time to time in its other filings with the SEC, accessible on the SEC’s website at www.sec.gov and the Investors Relations section of Wallbox’s website at investors.wallbox.com.
These and other important factors could cause actual results to differ materially from those indicated by the forward-looking statements made in this press release. Any forward-looking statement that Wallbox makes in this press release speaks only as of the date of such statement. Except as required by law, Wallbox disclaims any obligation to update or revise, or to publicly announce any update or revision to, any of the forward-looking statements, whether as a result of new information, future events or otherwise.
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Sara Long
Spark for Wallbox
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Partnership with Optiwatt marks first residential EV aggregation to participate in Texas’ Emergency Response Service program
SAN FRANCISCO--(BUSINESS WIRE)--#ERCOT--Leap, the leading energy market access provider, today announced its expansion into the Texas energy market, operated by the Electric Reliability Council of Texas (ERCOT). Leap also announced its new strategic partnership with electric vehicle home charging platform provider Optiwatt, marking one of the first residential EV aggregations to participate in Texas’ Emergency Response Service program.
“On the heels of Leap’s $33.5 million Series B funding, our team at Leap is hard at work to continue to develop and scale our platform to meet the growing demand for grid flexibility, especially in cases of extreme weather that threaten grid resiliency. We are excited to partner with Optiwatt in Texas and beyond, unlocking the flexible capacity that can be derived from EV owners via Optiwatt’s smart EV charging platform,” said Leap CEO Thomas Folker.
Leap initially stepped into the Texas energy market in October of 2020 and, in response to the disastrous winter freeze in 2021 that resulted in nearly 70% of Texans to lose power, Leap has since increased its capacity under management in the state to 19MW through existing and new strategic partnerships. As another winter season approaches, Leap is helping avoid blackouts by enabling distributed energy resources of all load sizes to contribute to grid flexibility, providing emergency load reduction to the ERCOT power grid in times of peak demand.
"Optiwatt’s industry-leading software tracks and manages electric vehicle charging, spending and savings, and automatically schedules charging during off-peak hours in order to save money for EV owners and reduce strain on the grid,” said Casey Donahue, Founder of Optiwatt. “Now, in collaboration with Leap, we are excited to launch one of the first residential EV aggregations to participate in the Emergency Response Service program in Texas and maximize the value that Texas EVs can contribute to the ERCOT power grid.”
The Emergency Response Service (ERS) is one of ERCOT’s grid service programs that is designed to decrease the likelihood of rolling blackouts. Qualified loads and generators, including aggregations of loads and generators, can participate in the program to lend capacity when called upon in times of electric grid emergencies.
On top of the stability and cost benefits Leap is delivering to the power grid in Texas, Leap’s energy market access platform also unlocks new revenue streams for Optiwatt’s and other Leap partners’ customers. Leap is also partnering directly with retail electricity providers who, in Texas, are exposed to volatile real-time market prices. Leap provides these retailers, and their underlying customers, the type of physical hedge that was previously only accessible to retailers who also own generating assets.
About Leap
Leap is the leading global platform for generating new value from grid-connected resources and devices through integration with energy markets. Leap does all of the heavy lifting, seamlessly connecting technology partners to high-value revenue streams and providing a simplified, automated access point for market participation with batteries, electric vehicle charging, smart thermostats, HVAC systems, industrial facilities, and other flexible assets. By making it easy for new distributed resources to participate in energy markets, Leap lays the groundwork for virtual power plants (VPP). Leap empowers its partners to provide resilient, zero-carbon capacity to the grid while strengthening engagement with their customers through new value streams. Leap is a privately held company with offices in San Francisco and the Netherlands.
About Optiwatt
Optiwatt is a smart charging app provider that enables EV owners to save money and reduce emissions by tracking, monitoring and automatically scheduling EV charging during off-peak electricity rates in order to reduce grid load. To learn more about Optiwatt and sign up visit, www.getoptiwatt.com.
Leo Traub
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SUNNYVALE, Calif. & BETHESDA, Md.--(BUSINESS WIRE)--#advancedfission--Oklo Inc. (Oklo) and Centrus Energy Corp. (NYSE American: LEU) have signed a non-binding Letter of Intent (LOI) to cooperate in the deployment of a High-Assay, Low-Enriched Uranium (HALEU) production facility. HALEU is an advanced fuel material that can be used to fuel both existing and advanced fission power plants. Both companies are committed to working toward establishing domestic HALEU production capabilities to support the commercialization of Oklo’s power plants.
Together, the two companies are helping lead the commercialization of advanced fission and the HALEU supply needed to fuel them. Oklo’s Aurora powerhouse is the first advanced fission plant design under active licensing review by the U.S. Nuclear Regulatory Commission (NRC). Oklo’s license application is also the only reactor application being reviewed by the NRC currently. Centrus is constructing the country’s first NRC-licensed HALEU production facility in Piketon, Ohio, and the facility is expected to begin demonstrating first-of-a-kind HALEU production in 2022.
“The commercialization of advanced fission is happening now. We need to build out the U.S. commercial supply chain capabilities to fuel the advanced fission power plants we are deploying,” said Jacob DeWitte, co-founder and CEO of Oklo. “Without an existing commercial supply of HALEU, we are lacking a critical infrastructure capability that needs to be kickstarted domestically.” Starting in the early 2020s, Oklo will begin to deploy and commercialize a suite of advanced fission power plants. Fuel material awarded by Idaho National Laboratory is anticipated to fuel Oklo’s first power plant, and Oklo’s near-term power plant deployment is anticipated to be fueled by Centrus.
“We are excited by the prospect of creating an assured, affordable, domestic fuel supply that can power the deployment of Oklo’s powerhouses in the United States and around the world,” said Daniel B. Poneman, President and Chief Executive Officer of Centrus. “Oklo’s innovative, compact reactor design is ideal for a wide range of commercial, industrial, government, and national security applications. We look forward to the opportunity to become Oklo’s HALEU supplier and support their growth for years to come.”
About Oklo Inc.: Oklo Inc. (Oklo) is a California-based company developing advanced fission power plants to provide emission-free, reliable, and affordable energy. Oklo received a Site Use Permit from the U.S Department of Energy, successfully demonstrated prototypic fabrication of its metallic fuel, was awarded fuel material from Idaho National Laboratory, and developed the first advanced fission combined license application, which was accepted and docketed by the U.S. Nuclear Regulatory Commission.
About Centrus Energy Corp.: Centrus Energy is a trusted supplier of nuclear fuel and services for the nuclear power industry. Centrus provides value to its utility customers through the reliability and diversity of its supply sources – helping them meet the growing need for clean, affordable, carbon-free electricity. Since 1998, the Company has provided its utility customers with more than 1,750 reactor years of fuel, which is equivalent to 7 billion tons of coal. With world-class technical and engineering capabilities, Centrus is also advancing the next generation of centrifuge technologies so that America can restore its domestic uranium enrichment capability in the future. Find out more at www.centrusenergy.com.
Forward-Looking Statements
This news release contains “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934. In this context, forward-looking statements mean statements related to future events, may address our expected future business and financial performance, and often contain words such as “expects”, “anticipates”, “intends”, “plans”, “believes”, “will”, “should”, “could”, “would” or “may” and other words of similar meaning. Forward-looking statements by their nature address matters that are, to different degrees, uncertain. For Centrus Energy Corp., particular risks and uncertainties that could cause our actual future results to differ materially from those expressed in our forward-looking statements include but are not limited to the following which are, and will be, exacerbated by the novel coronavirus (“COVID-19”) pandemic and any worsening of the global business and economic environment as a result: risks related to whether or when government funding or demand for high-assay low-enriched uranium (“HALEU”) for government or commercial uses will materialize; risks and uncertainties regarding funding for continuation and deployment of the American Centrifuge technology; risk related to our ability to perform and absorb costs under our agreement with the U.S. Department of Energy (“DOE”) to demonstrate the capability to produce HALEU or obtain funding to be able to continue operations and our ability to obtain and/or perform under other agreements; the competitive environment for our products and services; changes in the nuclear energy industry; the competitive bidding process associated with obtaining contracts, including government contracts; and other risks and uncertainties discussed in our filings with the Securities and Exchange Commission, including under Part I, Item1A - “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2020 and under Part II, Item 1A – “Risk Factors” of our Quarterly Reports on Form 10-Q.
These factors may not constitute all factors that could cause actual results to differ from those discussed in any forward-looking statement. Accordingly, forward-looking statements should not be relied upon as a predictor of actual results. Readers are urged to carefully review and consider the various disclosures made in this report and in our other filings with the Securities and Exchange Commission that attempt to advise interested parties of the risks and factors that may affect our business. We do not undertake to update our forward-looking statements to reflect events or circumstances that may arise after the date of this press release except as required by law.
Media Contact for Oklo:
Bonita Chan
Director of Marketing and External Relations
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Media Contact for Centrus:
Dan Leistikow
Vice President of Corporate Communications
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Lindsey Geisler
Director of Corporate Communications
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Mathur joins a talented executive team poised to lead 8minute through its next phase of growth
LOS ANGELES--(BUSINESS WIRE)--Today, 8minute Solar Energy (8minute) announced that Rahul Mathur has been hired as 8minute’s new Chief Financial Officer, marking a period of robust growth for the company. At 8minute, Mathur will be responsible for the overall financial direction of the company, and will oversee the Financial Planning & Analysis, Project Finance, Tax, Accounting, Investor Relations, and Growth & New Markets teams.
For more than 20 years, Mathur has held senior leadership positions for public and private semiconductor and software technology companies, including Rambus (NASDAQ: RMBS), Cypress Semiconductor (NASDAQ: CY), NetSuite and KLA (NASDAQ: KLAC). Immediately prior to joining 8minute, Mathur served as Chief Financial Officer of Rambus, where he was recognized as the “Best CFO” in the sector as part of Institutional Investor’s prestigious 2022 All-America Executive Team survey. During his five years as CFO, he helped transform the company from a licensing business model to a products company, with product sales now making up more than half of the company’s revenue. Prior to Rambus, Mathur served as Senior Vice President of Finance at Cypress Semiconductor, managing financial planning and investors relations, as well as Vice President of Finance at Spansion (NYSE: CODE) before the company was acquired by Cypress.
Mathur holds a Bachelor of Arts in applied mathematics from Dartmouth College and an MBA from the Wharton School of Business at the University of Pennsylvania. He began his career as a consultant with Arthur Anderson.
“It’s no secret that 8minute is transforming the energy industry through its next generation of smart power plants integrating solar and storage. As an industry leader over the past decade, 8minute has consistently delivered compelling results, and I’m delighted at the opportunity to join such a dynamic company,” said Mathur. “I look forward to innovating and building alongside a team of accomplished, talented engineers and developers as we lead the clean energy industry in exciting new directions.”
“The past two years have marked a significant turning point for the technology and clean energy industries, with unprecedented forward-momentum and record investments. Rahul has a proven track record of helping public and private companies capitalize on these pivotal moments of opportunity and growth,” said Dr. Tom Buttgenbach, Founder and CEO of 8minute. “As an unrivaled technology leader, 8minute requires a strong and creative perspective from our leadership and Rahul certainly fits the part. We’re excited to have him join our team as we look to become the leading technology provider of ‘smart’ power plants and expand into other markets.”
Mathur’s hiring reflects 8minute’s strong success in expanding its team of leaders over the past year. The company hired Jennifer Arasimowicz as the new General Counsel and Corporate Secretary and promoted Senior Vice President of Engineering & Transactions Stephanie Perry to Chief Operating Officer, both in July 2021.
ABOUT 8MINUTE SOLAR ENERGY
As a record-breaking, unrivaled technology leader, 8minute Solar Energy (8minute) is championing the clean energy transition in the United States and shaping the future of energy through its next generation of smart solar power plants. Since its founding in 2009, 8minute has successfully put 2 GW of solar projects in operation and currently has over 18 GW of solar and 24 GWh of energy storage projects under development. By prioritizing technology and engineering innovation, 8minute’s best-in-class team has continued to set new industry records: developing the largest solar plant in the nation starting in 2011, delivering the first operational solar plant in the U.S. to beat fossil fuel prices in 2016, and securing a deal to deliver solar with storage at record-low prices in 2019. Now one of the largest solar developers in the country with an established track record of delivering above-market profitability, 8minute’s relentless pursuit of smart energy generation is unlocking growth and expanding access to affordable and reliable clean energy. For more information, please visit www.8minute.com, and follow 8minute on Twitter and LinkedIn.
Katie Struble
Director, Corporate Communications
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DALLAS--(BUSINESS WIRE)--CBRE Acquisition Holdings, Inc. (NYSE: CBAH) (“CBAH”), a publicly-traded special purpose acquisition company, reminds its stockholders to vote in favor of the previously announced business combination (the “Business Combination”) with Altus Power, Inc. (“Altus Power”), a market-leading clean electrification company.
Stockholders who owned common stock of CBAH as of the close of business on October 27, 2021 (the “Record Date”), may vote their shares. Stockholders as of the Record Date continue to have the right to vote their shares, regardless of whether such stockholders subsequently sold their shares and do not own such shares as of the date they cast their vote.
The special meeting of the CBAH stockholders to approve the pending Business Combination (the “Special Meeting”) is scheduled to be held on December 6, 2021 at 10:00 a.m. Eastern Time. The Special Meeting will be conducted completely virtually, and can be accessed via live webcast at https://www.cstproxy.com/cbreacquisitionholdings/2021.
Additional information on how stockholders of record may vote their shares can be found at https://cbreacquisitionholdings.com/
Every stockholder’s vote is important, regardless of the number of shares held. Accordingly, all CBAH stockholders who held shares as of the Record Date who have not yet voted are encouraged to do so as soon as possible so that it is received no later than 10:00 a.m. Eastern Time on December 6, 2021. For the avoidance of doubt, CBAH stockholders who owned shares as of the Record Date and subsequently sold all or a portion of their shares are STILL entitled to vote, and are encouraged to do so. CBAH’s board of directors recommends you vote “FOR” the Business Combination with Altus Power and “FOR” all of the related proposals described in the proxy statement/prospectus included in the Registration Statement on Form S-4 filed by CBAH with the Securities and Exchange Commission (“SEC”), a definitive copy of which has been mailed to all CBAH stockholders who owned shares as of the Record Date.
These are the two easiest and fastest ways to vote – and they are both free:
Additionally, you can also vote by mail:
YOUR CONTROL NUMBER IS FOUND ON YOUR PROXY CARD OR VOTING INSTRUCTION FORM.
If you hold your shares directly with CBAH (i.e., are a “holder of record”) and did not receive or misplaced your proxy card, contact Morrow Sodali, CBAH’s proxy solicitor, for a form replacement or to obtain your control number. If you hold your shares through a broker, bank or other nominee and did not receive or have misplaced your Voting Instruction Form, contact your broker, bank or nominee through which you hold your shares for a form replacement or to obtain your control number. You will need this in order to vote or attend the Special Meeting.
If any individual CBAH stockholder who held shares as of the October 27, 2021 record date for voting does not receive the proxy statement/prospectus, such stockholder should (i) confirm his or her proxy statement/prospectus’s status with his or her broker, bank or other nominee, (ii) contact Morrow Sodali LLC, CBAH’s proxy solicitor, for assistance via e-mail at This email address is being protected from spambots. You need JavaScript enabled to view it. or toll-free call at (800) 662-5200 and brokers, banks and other nominees can place a collect call to Morrow Sodali at (203) 658-9400, or (iii) contact CBAH by mail at CBRE Acquisition Holdings, Inc., 2100 McKinney Avenue, Suite 1250, Dallas, TX 75201.
Important Information About the Business Combination and Where to Find It
CBAH has filed with the U.S. Securities and Exchange Commission (“SEC”) a Registration Statement on Form S-4 (the “Registration Statement”), which includes a proxy statement/prospectus in connection with the proposed business combination between Altus Power and CBAH (the “business combination”) and the other transactions contemplated by the business combination agreement entered into by Altus Power and CBAH. The Registration Statement was declared effective by the SEC on November 5, 2021 and CBAH also filed the definitive proxy statement/prospectus with respect to the business combination on that date. CBAH’s stockholders and other interested persons are advised to read the Registration Statement and definitive proxy statement/prospectus in connection with CBAH’s solicitation of proxies for its stockholders’ Special Meeting to be held to approve the business combination because the proxy statement/prospectus contains important information about CBAH, Altus Power and the business combination. The definitive proxy statement/prospectus and other relevant documents have been mailed to stockholders of CBAH as of October 27, 2021, the record date for the Special Meeting. Stockholders will also be able to obtain copies of the Registration Statement and the proxy statement/prospectus, without charge at the SEC’s website at www.sec.gov or by directing a request to CBRE Acquisition Holdings, Inc., 2100 McKinney Avenue, Suite 1250, Dallas, TX 75201.
Participants in the Solicitation
CBAH, Altus Power and certain of their respective directors and officers may be deemed participants in the solicitation of proxies of CBAH’s stockholders with respect to the approval of the business combination. CBAH and Altus Power urge investors, stockholders and other interested persons to read the Registration Statement and the definitive proxy statement/prospectus, and exhibits thereto, as well as other documents filed with the SEC in connection with the business combination, as these materials contain important information about Altus Power, CBAH and the business combination. Information regarding CBAH’s directors and officers and a description of their interests in CBAH is contained in the Registration Statement and the definitive proxy statement/prospectus.
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. Forward-looking statements may be identified by the use of words such as “anticipate”, “believe”, “could”, “continue”, “expect”, “estimate”, “may”, “plan”, “outlook”, “future” and “project” and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These statements, which involve risks and uncertainties, relate to analyses and other information that are based on forecasts of future results and estimates of amounts not yet determinable and may also relate to CBAH’s and Altus Power’s future prospects, developments and business strategies. In particular, such forward-looking statements include statements concerning the timing of the business combination, the business plans, objectives, expectations and intentions of CBAH once the business combination and the other transactions contemplated thereby (the “Transactions”) and change of name are complete (“New Altus”), and New Altus’s estimated and future results of operations, business strategies, competitive position, industry environment and potential growth opportunities. These statements are based on CBAH’s or Altus Power’s management’s current expectations and beliefs, as well as a number of assumptions concerning future events.
Such forward-looking statements are subject to known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside CBAH’s or Altus Power’s control, that could cause actual results to differ materially from the results discussed in the forward-looking statements. These risks, uncertainties, assumptions and other important factors 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 Business Combination Agreement; (2) the inability to complete the Transactions due to the failure to obtain approval of the stockholders of CBAH or Altus Power or other conditions to closing in the Business Combination Agreement; (3) the ability of New Altus to meet NYSE’s listing standards (or the standards of any other securities exchange on which securities of the public entity are listed) following the business combination; (4) the inability to complete the private placement of common stock of CBAH to certain institutional accredited investors; (5) the risk that the announcement and consummation of the Transactions disrupts Altus Power’s current plans and operations; (6) the ability to recognize the anticipated benefits of the Transactions, which may be affected by, among other things, competition, the ability of New Altus to grow and manage growth profitably, maintain relationships with customers, business partners, suppliers and agents and retain its management and key employees; (7) costs related to the Transactions; (8) changes in applicable laws or regulations and delays in obtaining, adverse conditions contained in, or the inability to obtain necessary regulatory approvals required to complete the Transactions; (9) the possibility that Altus Power and New Altus may be adversely affected by other economic, business, regulatory and/or competitive factors; (10) the impact of COVID-19 on Altus Power’s and New Altus’s business and/or the ability of the parties to complete the Transactions; (11) the outcome of any legal proceedings that may be instituted against CBAH, Altus Power, New Altus or any of their respective directors or officers, following the announcement of the Transactions; and (12) the failure to realize anticipated pro forma results and underlying assumptions, including with respect to estimated stockholder redemptions and purchase price and other adjustments.
Additional factors that could cause actual results to differ materially from those expressed or implied in forward-looking statements can be found in CBAH’s most recent annual report on Form 10-K, subsequently filed quarterly reports on Form 10-Q and current reports on Form 8-K, which are available, free of charge, at the SEC’s website at www.sec.gov, and are provided in the Registration Statement and CBAH’s definitive proxy statement/prospectus. New risks and uncertainties arise from time to time, and it is impossible for us to predict these events or how they may affect us. You are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made, and CBAH and Altus Power undertake no obligation to update or revise the forward-looking statements, whether as a result of new information, changes in expectations, future events or otherwise.
This communication is not intended to be all-inclusive or to contain all the information that a person may desire in considering an investment in CBAH and is not intended to form the basis of an investment decision in CBAH. All subsequent written and oral forward-looking statements concerning CBAH and Altus Power, the Transactions or other matters and attributable to CBAH and Altus Power or any person acting on their behalf are expressly qualified in their entirety by the cautionary statements above.
About CBRE Acquisition Holdings, Inc.
CBRE Acquisition Holdings, Inc. (“CBAH”) is a blank-check company formed solely for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. CBAH is sponsored by CBRE Acquisition Sponsor, LLC, which is a subsidiary of CBRE Group, Inc.
About Altus Power
Altus Power, based in Stamford, Connecticut, is creating a clean electrification ecosystem, serving its commercial, public sector and community solar customers with locally-sited solar generation, energy storage, and EV-charging stations across the U.S. Since its founding in 2009, Altus Power has developed or acquired over 350 megawatts from Vermont to Hawaii. Visit altuspower.com to learn more.
CBRE Acquisition Holdings Contacts
Cash Smith
CBRE Acquisition Holdings, Inc.
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Steven Iaco
CBRE Corporate Communications
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Altus Power Contacts
For Media:
Cory Ziskind
ICR, Inc.
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For Investors:
Caldwell Bailey
ICR, Inc.
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ANAHEIM, Calif.--(BUSINESS WIRE)--$WLDN--Willdan Group, Inc. (NASDAQ: WLDN) announced today that Eversource will deploy the latest version of Integral Analytics’ LoadSEER software in Massachusetts to support advanced load forecasting and grid planning. Willdan will assist Eversource in analyzing distributed energy resource (DER) adoption rate and load forecasting for Eversource throughout Massachusetts. Integral Analytics is Willdan’s wholly owned software subsidiary.
This enterprise software license will allow Eversource to use LoadSEER to perform alternative scenario analyses of grid load impacts for various adoption rates of electric vehicles, distributed solar, and battery energy storage. They will also use the software to model vehicle travel and to conduct 8760-scenario load forecasting. LoadSEER recently integrated a data “scrubber” feature that improves the quality and forecasting potential of utilities’ raw data, saving utilities time and money usually spent on data processing. Eversource will leverage LoadSEER to help predict the future evolution of transit patterns in Eversource’s Massachusetts territory.
“Power reliability is increasingly important to our customers,” said Gerhard Walker, Eversource’s Principal Engineer of System Planning. “This new software tool will allow our grid planners to continue to improve reliability through quicker, more informed decisions as our grid expands and transportation patterns change.”
“Willdan is excited to support Eversource’s grid planners with a single, time-tested source for all of their forecasting and planning needs,” said Tom Brisbin, Willdan’s CEO and Chairman. “This contract is an example of our commitment to facilitating accurate demand forecasts and making complex grid planning decisions easy for our customers. Our software can use a variety of customer and third-party data sets with our data analysis tools to create highly accurate forecasts.”
About Eversource
Eversource (NYSE: ES), celebrated as a national leader for its corporate citizenship, is the #1 energy company in Newsweek’s list of America’s Most Responsible Companies for 2021 and recognized as one of America’s Most JUST Companies. Eversource transmits and delivers electricity and natural gas and supplies water to 1.8 million customers throughout Massachusetts, including approximately 1.45 million electric customers in 142 communities, 635,000 gas customers in 110 communities, and 6,700 water customers in two communities. Eversource harnesses the commitment of approximately 9,300 employees across three states to build a single, united company around the mission of safely delivering reliable energy and water with superior customer service. The #1 energy efficiency provider in the nation, the company is empowering a clean energy future in the Northeast, with nationally recognized energy efficiency solutions and successful programs to integrate new clean energy resources like solar, offshore wind, electric vehicles and battery storage, into the electric system. For more information, please visit www.eversource.com.
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.
Forward-Looking Statements
Statements in this press release that are not purely historical, including statements regarding Willdan’s intentions, hopes, beliefs, expectations, representations, projections, estimates, plans, or predictions of the future are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The forward-looking statements involve risks and uncertainties including, but not limited to, the risk that Willdan will not be able to reduce costs and preserve liquidity to maintain its operations during the continuation of this pandemic nor be able to resume its growth trajectory once pandemic-related restrictions are lifted and the economy begins to recover. 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 ultimate impact of the COVID-19 pandemic on Willdan’s results, prospects, and opportunities; Willdan’s ability to adequately complete projects in a timely manner; Willdan’s ability to compete successfully in the highly competitive energy efficiency services market; changes in state, local, and regional economies and government budgets; Willdan’s ability to win new contracts, to renew existing contracts, and to compete effectively for contract awards through bidding processes; and Willdan’s ability to successfully integrate its acquisitions and execute on its growth strategy. Willdan’s business could be affected by a number of other factors, including 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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CHICAGO--(BUSINESS WIRE)--Cohesion, a leader in smart building and digital twin SaaS technology, raised $15 million in its Series A financing round co-led by Morgan Stanley Next Level Fund and Hyde Park Angels (HPA), which closed Friday.
The company added several marquee names to an already noteworthy list of investors following a $5 million seed round last summer. New investors, Three Bridges Private Capital and Wintrust Ventures, join seed round investors Singapore-based Frasers Property Group, ESD, Ken Griffin, Citadel Founder and CEO, Michael Sacks of GCM Grosvenor, and Raj Gupta of ESD.
“We were pleased to co-lead Cohesion’s Series A with Next Level Fund’s inaugural investment,” said Alice Vilma, Co-Portfolio Manager, Morgan Stanley Next Level Fund. “With the support of our corporate partners, Microsoft, Hearst and Walmart, we aim to accelerate Cohesion’s API-first technology platform to disrupt commercial real estate operations.”
The company will use the funds for product and market expansion including its digital twin technology for optimizing building environment and health. Cohesion continues to create one of the world’s largest repositories of commercial real estate data, which it uses to establish industry operations benchmarks. Bringing this data to life through artificial intelligence and predictive modeling, the company will lead the industry transformation to autonomous buildings. It will also continue to focus on strategic channel growth, partnering with firms such as Morgan Stanley, Transwestern, The John Buck Company, and Riverside Investment & Development.
“Bringing the power and promise of autonomous technology to commercial real estate is more critical today than ever before,” said Thru Shivakumar, Co-Founder and CEO at Cohesion. “As a leader in this emerging space, we have the technological capability to connect disparate systems and use big data to make buildings more transparent, healthier, engaging and sustainable. Investing in technology that ensures commercial real estate is a positive contributor to our world is central to our company ethos.”
With tens of millions of square feet of commercial office space under its management, Cohesion is continuing to transform commercial real estate with smart technologies that improve the tenant experience, streamline operations and optimize revenue. Its patented platform combines the three main factors that impact building operations – the human aspect, building systems and environmental elements – into a single, multi-function management and data platform that simulates building operations to predict outcomes for the rapidly evolving industry.
“We believe there is a need for the solutions Cohesion is creating,” said Cohesion Board Member Steve Koch, HPA member and former Global Chair of M&A at Credit Suisse. “By connecting the things that matter – whether it is improving health through effective air quality management, supporting ESG and sustainability programs, or delivering insights – Cohesion is poised for success through its next generation technology.”
About Cohesion
Founded in 2018 and currently 100 employees worldwide, Cohesion helps commercial buildings better integrate disparate systems into a smart building SaaS platform. It empowers real estate owners to maximize asset and portfolio value with all building systems, workflows and people seamlessly connected in one solution. The vertically integrated platform improves health and wellness, experience, efficiency, and sustainability. Cohesion provides the industry’s most comprehensive data, enabling operators to enhance tenant experience, save money and increase operational transparency. Cohesion is a spin-off venture of ESD, a leading Chicago-based global engineering design firm at the forefront of next generation building design. For more information, visit cohesionIB.com and follow @CohesionIB.
About Morgan Stanley Next Level Fund
The Morgan Stanley Next Level Fund, L.P. invests in primarily early-stage technology and technology-enabled companies with women or diverse members as part of the founding team from target sectors including technology, consumer/retail, financial technology, healthcare and media & entertainment. Investors in the strategy include the key inaugural corporate partners: Hearst, Microsoft and Walmart. This strategy will build upon the expertise of the Morgan Stanley Multicultural Innovation Lab, Morgan Stanley’s in-house start-up accelerator, and HearstLab, which provides cash investment and services to early-stage, women-led startups. For further information, please visit www.morganstanley.com/im.
About Hyde Park Angels
HPA is a leading early-stage investor. Our People First model leverages world-class operating expertise, a powerful business network, and venture capital to fuel startup success. As a result, our founders transform their businesses into industry leaders, our investors generate best-in-class returns, and our community experiences job creation and economic growth.
Jennifer Okray
715.340.7076
Supporting Students in the Class of 2021 and 2022 Pursuing STEM Degrees at Historically Black Colleges and Universities
COLUMBUS, Ohio--(BUSINESS WIRE)--#responsiblechemistry--For the second consecutive year, Hexion Inc. will support the Future of STEM Scholars Initiative (FOSSI), the chemical industry’s collaborative equity, diversity, and inclusion initiative aimed at creating pathways for more underrepresented groups to enter and succeed in science, technology, engineering, and math (STEM) careers in the chemical industry.
FOSSI provides opportunities for chemical manufacturers, supply chain partners and affiliated industry stakeholders to fund scholarships, provide internship opportunities and facilitate mentoring and leadership training for students majoring in STEM at Historically Black Colleges and Universities (HBCUs).
With an investment of nearly $100,000 annually, Hexion will sponsor two scholars over the next four years, joining a growing list of organizations supporting the initiative. The Future of STEM Scholars Initiative is a joint partnership between the American Chemistry Council, the American Institute of Chemical Engineers, Chemours and the HBCU Week Foundation.
“Hexion is pleased to help support this critical, industry-wide initiative to help increase the number of underrepresented professionals in the STEM workforce,” said Craig A. Rogerson, Chairman, President and CEO. “Hexion and FOSSI are dedicated to supporting those STEM Scholars who would otherwise not have access to a STEM education by eliminating financial barriers. At Hexion, we are committed to celebrating the diversity of our associates and creating an environment of inclusion. The FOSSI program aligns perfectly with these principles.”
In its inaugural year and to support the “Class of 2021,” the program received funding from 43 chemical manufacturers and related industry stakeholders, while supporting 151 scholars, at an investment of $7.2 million in 2021. FOSSI scholarship recipients represented 28 states, with students planning to attend 26 HBCUs. In its inaugural year, more than 1,700 high school students across the nation applied for FOSSI scholarships, demonstrating both the urgent need for this program and the enormous pool of untapped talent. FOSSI is currently accepting applications for the Class of 2022 at www.futureofstemscholars.org/fossi/apply. The deadline to apply is February 15, 2022.
The FOSSI sponsorship reflects Hexion’s global commitment to sustainability and corporate social responsibility. The Company’s charitable activities primarily focus on causes that support children, the less fortunate, health and wellness, and Science, Technology, Engineering, and Mathematics (STEM) education at all levels. For more information, visit Sustainability (hexion.com).
About the Company
Based in Columbus, Ohio, Hexion Inc. is a global leader in thermoset resins. Hexion Inc. serves the global adhesive, coatings, composites and industrial markets through a broad range of thermoset technologies, specialty products and technical support for customers in a diverse range of applications and industries. Additional information about Hexion Inc. and its products is available at www.hexion.com.
Investors and Media Contact:
John Kompa
614-225-2223
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SAN FRANCISCO--(BUSINESS WIRE)--Sonder Holdings Inc. (“Sonder”), a leading next-generation hospitality company that is redefining the guest experience through technology and design, announced today the implementation of new energy management systems and sourcing to optimize energy consumption and favor renewable energy usage, where possible, across Sonder’s global portfolio of units.
“Our environmental commitments include reducing or minimizing the impact of our operations wherever possible and by favoring technology-enabled solutions,” said Lara Birkes, Head of Sustainability at Sonder. “We’re excited to work with both Zen Ecosystems and Arcadia to provide scalable and flexible energy management solutions that help us reduce unnecessary energy use and costs as well as reduce our environmental impact through renewables.”
Sonder will work with Zen Ecosystems, provider of intelligent energy management solutions, to favor the use of the Zen HQ platform across all units moving forward. This system enables immediate and customized management of energy consumption across multi-site operations through the use of smart thermostats and cloud software solutions. Sonder can access energy consumption data at the unit, building, and market levels to make real time decisions around energy management in order to optimize savings and reduce unnecessary energy usage. Currently, the Zen HQ system is installed across a selection of Sonder’s Toronto, Orlando, Chicago and New Orleans properties.
“We are pleased to launch this partnership with Sonder as they focus on growing their portfolio in a responsible way,” said Wannie Park, CEO of Zen Ecosystems. “Our platform delivers a sustainability solution customized by market and asset type, maximizing greenhouse gas reductions and ROI.”
Sonder is also working with Arcadia, a technology company focused on providing access to renewable energy sources and community solar power, to deliver energy to Sonder properties, where available. Arcadia's community solar program currently provides clean electrical power to all units across Sonder’s Chicago properties, without the need to install rooftop solar panels.
“Arcadia was founded with the simple idea that everyone should have access to affordable, clean energy. Community solar is the easiest way to achieve that goal,” said Kiran Bhatraju, CEO of Arcadia. “We are pleased to partner with Sonder and Zen to help power their properties in Illinois with local, renewable solar energy.”
According to Zen Ecosystems equivalency calculations, Sonder units equipped with Zen thermostats will generate an estimated carbon savings per unit of 1.2 metric tons of carbon dioxide annually, or the equivalent of 1,300 pounds of coal carbon.
Sonder continues to explore opportunities to leverage renewable energy to power properties in additional U.S. cities and its global portfolio.
About Sonder
Sonder is revolutionizing hospitality through innovative, tech-enabled service and inspiring, thoughtfully designed accommodations combined into one seamless experience. Launched in 2014 and headquartered in San Francisco, Sonder provides a variety of accommodation options — from spacious rooms to fully-equipped suites and apartments — found in over 35 markets spanning ten countries and three continents. The Sonder app gives guests full control over their stay. Complete with self-service features, simple check-in and 24/7 on-the-ground support, amenities and services at Sonder are just a tap away, making a world of better stays open to all.
To learn more, visit www.sonder.com or follow Sonder on Facebook, Twitter or Instagram. Download the Sonder app on Apple or Google Play.
About Zen Ecosystems
Zen Ecosystems provides an intelligent energy management platform that helps small to medium-sized businesses take control of their energy usage while meeting sustainability goals. Zen HQ provides insights and control over commercial energy usage while delivering the fastest payback in the market. The Zen Thermostat is a beautiful, simple connected device for home and business that also enables multi-system operators to enhance the customer experience. Learn more at http://zenecosystems.com.
About Arcadia
Arcadia is a climate crisis-fighting technology company founded in 2014 and born out of a simple idea—everyone deserves access to clean energy. But two-thirds of Americans can’t take advantage of rooftop solar. At Arcadia, we’re building technology to connect consumers and businesses with local solar farms to provide all the benefits of solar with none of the hassle. Arcadia’s community solar program manages more than five Terawatt-hours of residential and commercial energy demand and is the largest manager of community solar assets in the country. Join us in our mission and find out how you or your business can help achieve the vision of a 100% clean energy future at www.arcadia.com.
Sonder
Kate Cory
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Zen Ecosystems
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Arcadia
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The nine projects make up the largest dual-use community solar portfolio in the state
ROCKVILLE, Md.--(BUSINESS WIRE)--#cleanenergy--Solar energy development leaders OneEnergy Renewables (OneEnergy), CleanChoice Energy (CCE) and Standard Solar today announced a collaboration to build nine community solar projects in Maryland. Development work on the 24-megawatt portfolio is complete, and four of the nine projects are ready for operation.
As part of Maryland’s Community Solar Pilot Program, the projects enable Maryland residents to save up to 10 percent on their utility bills based on electricity generated by the projects. The 24-megawatt portfolio is projected to benefit 5,000+ Maryland households annually through community solar subscriptions.
The nine projects are located across five different Maryland counties and three utility territories. All the projects are ‘dual-use,’ which means they will function as solar farms and pollinator habitats. Additionally, the 39,000 megawatt-hours a year of energy the portfolio is expected to produce is equivalent to offsetting 30 million pounds of coal burned.
Standard Solar funded the construction and will own and operate the projects long-term. OneEnergy partnered with the landowners to site, permit and design the projects, and CCE is responsible for the customer acquisition to sign up Maryland residents.
Yesterday, Standard Solar, OneEnergy and CCE hosted a ribbon-cutting ceremony at the Checkerspot Community Solar site in Tracy’s Landing.
“By teaming up with the talented development team at OneEnergy on this statewide portfolio, Standard Solar is helping Maryland reach its renewable energy goals and reinforcing its commitment to Maryland,” said Eric Partyka, Director of Business Development, Standard Solar. “Adding these nine dual-use community solar projects to our ownership portfolio aligns with our goal to increase access to renewable energy for communities across Maryland and of being responsible stewards of environmental resources.”
Together, the projects help Maryland meet its Renewable Portfolio Standard (RPS) targets and contribute significant capacity to Maryland’s community solar market. Maryland currently ranks seventeenth in the country for solar capacity, with enough solar installed to power more than 153,000 homes.
“We are proud to help make solar energy another crop for our landowners, enabling many to maintain farms that have been in their families for generations,” said Marni Caroll, Vice President of Development for OneEnergy. “Each project will feature new habitat for native pollinators, which contribute to one in every three bites of food we eat. These projects demonstrate that community solar can benefit the electric grid we depend on, the air we breathe, and the farmlands we love.”
The projects are named for butterflies, pollinator plants and other local natural landmarks. The projects are as follows:
Anne Arundel County, Utility: BGE
•Checkerspot, 2 MW
•Bathian, 2.8 MW
•Patuxent, 2.8 MW
Baltimore County, Utility: BGE
•Sassafras, 2.4 MW
•Trillium, 2.8 MW
Howard County, Utility: BGE
•Metalmark, 2.8 MW
•Viceroy, 2.6 MW
Prince George’s County, Utility: PEPCO
•Monarch, 2.8 MW
Dorchester County, Utility: Delmarva
•Glassywing, 2 MW
“Community solar is critical to increasing access to the benefits of solar. Our partnership with Standard Solar and OneEnergy Renewables means that thousands of Marylanders are able to save money while supporting solar here in the state,” said Tom Matzzie, CEO of CCE. “Community solar and other climate-tech solutions empower consumers to be the driving force behind decarbonization, and CleanChoice is proud to be moving us toward a more sustainable future.”
Editorial note: photos available
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 225 megawatts of solar across the United States. Standard Solar is based in Rockville, Md. Learn more at standardsolar.com, LinkedIn and Twitter: @StandardSolar.
About OneEnergy Renewables
OneEnergy Renewables develops and delivers community and utility-scale solar energy facilities across the United States. OneEnergy’s mission is to make clean energy the number one electricity choice for consumers and utilities. Powered by the belief that the future will run on clean energy, its team works collaboratively with landowners, communities, and utility companies to deliver breakthrough clean energy facilities. For more information, please visit: www.oneenergyrenewables.com
About CleanChoice Energy
CleanChoice Energy is a cleantech company that empowers people and businesses to easily access climate solutions. We use data-empowered technology to offer consumers easy, feel-good climate solutions so they can cut emissions, support renewable energy, and live cleaner lives. Founded in 2012, the company has become one of the fastest-growing businesses in America, as ranked on the Inc 5000 and Deloitte's Technology Fast 500™. CleanChoice Energy is a Certified B Corporation and is certified with the highest available rating by Green America's Green Business Network. For more information or to become a customer, visit CleanChoiceEnergy.com.
PR for Standard Solar:
Leah Wilkinson
Wilkinson + Associates
703-907-0010
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Helix Power, Icarus RT, SolvCor, and Strayos become industrial scaling program participants
HOUSTON--(BUSINESS WIRE)--Halliburton Labs today announced it selected a new group of companies to participate in its collaborative environment where entrepreneurs, academics, and investors come together to advance cleaner, affordable energy. By joining Halliburton Labs, Helix Power, Icarus RT, SolvCor, and Strayos will gain access to industrial capabilities, technical expertise, and mentorship to scale their respective businesses.
“This strong group of companies further establishes Halliburton Labs as the place where innovative companies come together with technical and operational scaling resources to advance commercial success,” said Dale Winger, managing director of Halliburton Labs. “We are excited to collaborate with the founders and their respective teams to support their clean energy solutions.”
Helix Power aims to provide high power, high cycle and short duration energy storage with its patented flywheel energy storage technology. Helix’s technology is designed to support both generation and long duration storage in multiple markets, including the power grid, rapid transit, and large ship-to-shore seaport cranes. “Helix Power’s technology has the potential to be a core asset in the design of clean, efficient and resilient power systems worldwide,” said president and co-founder Matthew Lazarewicz. “We are thrilled to join Halliburton Labs and believe their engineering expertise, supply chain, and global network are a great fit to help achieve the commercial potential of Helix Power’s technology,” added co-founder Kevin Blackman.
Icarus RT is working to develop a power boosting and energy storage technology to improve system performance and return on investment in commercial and utility scale solar photovoltaic systems. Icarus RT’s technology is designed to cool the solar panels, collect rejected heat, and convert the heat into additional power to improve system efficiency and output. “New materials, new design and manufacturing techniques and a passionate, brilliant engineering team enabled us to achieve commercial readiness for the Icarus Quartet hybrid PV/T system. The Halliburton Labs scale up program is an important step forward to de-risk commercialization and enhance fund raising options,” said Mark Anderson, Founder and CEO, Icarus RT.
SolvCor developed a patented technology platform to significantly improve heat transfer versus water for use in a wide range of industrial applications such as cooling systems and thermal storage. Adding SolvCor liquids to a chilled water-cooling system is designed to notably increase cooling capacity, improve energy efficiency, and reduce CO2 emissions. Anticipated applications of SolvCor’s technology include commercial buildings, district cooling, industrial process cooling, and data centers. “Together with Halliburton's industrial capabilities, we are excited to accelerate the widespread deployment of SolvCor solutions to reduce global energy consumption and greenhouse gas emissions,” said Ethan Novek, CEO of SolvCor Technologies.
Strayos helps mining and cement companies more efficiently extract raw minerals by adding artificial intelligence (AI) powered tools to certain essential steps of the mining value chain. Strayos applies visual sensing technology and AI software to model subsurface geology and enable optimal extraction plans, thereby increasing yields to reduce waste and carbon emissions. “The strategic collaboration with Halliburton Labs will allow us to expand the capabilities of our technology, and its global presence and industry leadership will help us scale our technology around the world and drive the future of more sustainable mining,” said Ravi Sahu, Strayos, CEO.
ABOUT HALLIBURTON LABS
Halliburton Labs is a collaborative environment where entrepreneurs, academics, investors, and industrial labs join to advance cleaner, affordable energy. Located at Halliburton Company’s headquarters in Houston, Texas, Halliburton Labs provides access to world-class facilities, operational expertise, practical mentorship, and financing opportunities in a single location to help participants scale their business. Visit the company’s website at www.halliburtonlabs.com. Connect with Halliburton Labs on Twitter, LinkedIn and Instagram. Halliburton Labs is a wholly owned subsidiary of Halliburton Company (NYSE: HAL).
For Investors:
David Coleman
Investor Relations
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281-871-2688
For News Media:
William Fitzgerald
External Affairs
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281-871-5267
New Liquid Helium Open Top, Dewar-fed System Enables Aerospace and Defense Customers to “Test Like They Fly” at Near Absolute Zero Temperature
MONTVILLE, N.J.--(BUSINESS WIRE)--#aerospace--Marotta Controls, a rapidly growing aerospace and defense supplier with a 65-year-plus heritage in spaceflight, today announced it now houses at its New Jersey facility a new cryogenic test stand capable of testing pressurized components used in spacecraft. The test apparatus is an open top or magnet dewar system that uses liquid helium to achieve temperatures lower than -450°F (-232°C) or near absolute zero to simulate the environmental flight conditions found in space. Marotta will use the test stand to evaluate its space-grade pneumatic valves up to 16 inches in diameter, delivering on its commitment to simplify and speed development and delivery of components to customers.
The installation of the new test stand follows a series of dedicated initiatives driven by Marotta to serve the growing commercial spaceflight market. In 2020, the company introduced its first set of CoRe® solenoid valves for cryogenic temperatures. The CoRe Flow Controls series is a portfolio of 13 high performance solenoid valves designed for complex commercial launch vehicles and stands as one of the only valve catalogs available for space vehicles.
Notably, the storage dewar used in the new test stand has a usable volume of 300 cubic inches, making it an optimal container size for large cryogenic components—an important future-proofing feature as Marotta looks to expand its valve offerings to include larger rocket engine components.
“We have a history of taking our designs from conception through to testing under our own roof as we feel this is the best way to ensure quality and ROI for our customers,” said Brian Ippolitto, Director, Aerospace Systems Engineering, Marotta Controls. “And now, with the cryogenic test stand, we can validate and verify any and all flight-critical components so customers can test like they fly. We continue to invest in this dynamic market to ensure we meet current customer needs while positioning ourselves for future program developments.”
The test stand can be used to collect data for design validation during development and qualification testing process or as part of environmental stress screening of production units for verification of assembly workmanship.
How It Works
Valves being tested are affixed to the dewar’s lid and lowered into the dewar itself via crane. After a liquid nitrogen pre-chill, the liquid nitrogen is evacuated, and liquid helium is then piped into the dewar to submerge the valve in fluids reaching near absolute zero. Under atmospheric pressure, liquid helium reaches roughly -452°F (-268°C) and is the only substance to remain liquid at that temperature. It is a safer alternative for testing the performance of valves handing liquid hydrogen, which can reach -423°F (-252°C).
Once stabilized at the target temperature, the valve is loaded with up to 6,000 psig of gaseous helium (GHe). The valve is then tested for internal and external leakage, response time, and other performance characteristics.
The new test stand can also be used to test larger valves in liquid nitrogen at -320°F (-195°C). This method is a safer alternative for testing the performance of valves in liquid oxygen, which can reach -297°F (-182°C).
For more information, visit Marotta’s Cryogenic Valve page.
About Marotta Controls
Founded in 1943, Marotta Controls is a fully integrated solutions provider which designs, develops, qualifies and manufactures innovative systems and sub-systems for the aerospace and defense sectors. Our portfolio includes pressure, power, motion, fluid, and electronic controls for tactical systems, shipboard and sub-sea applications, satellites, launch vehicles, and aircraft systems. With over 200 patents, Marotta Controls continues to build on its legacy as a highly respected, family-owned small business based in the state of New Jersey. Twitter: @marottacontrols LinkedIn: Marotta Controls, Inc.
Heather Ailara
211 Communications
+1.973.567.6040
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Katee Glass
Marotta Controls, Inc.
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Enabled by Globalstar’s IoT Satellite Technology, initial results from the Tagging Trash Project inspire study of more waterways to understand the fate of plastics in our global watersheds
MISSISSAUGA, Ontario--(BUSINESS WIRE)--#IoT--Globalstar Canada Satellite Co., a wholly owned subsidiary of Globalstar Inc. (NYSE MKT: GSAT) and a leader in satellite messaging and emergency notification technologies, today announced that its commercial IoT satellite technology was chosen by the University of Toronto Trash Team for an innovative study of plastic pollution in Lake Ontario. The Globalstar SmartOne C Asset-Ready Satellite Trackers were procured by the Team in its Tagging Trash Project to understand sources of plastic litter and reveal the pathways and fate of plastics in Toronto Harbour. Initial project results will be released by the Trash Team in a webinar to be held on November 23rd, 2021.
“It couldn’t be more rewarding for us to see our satellite solutions contribute to the important work that the University of Toronto Trash Team is undertaking,” said Jim Mandala, Vice President, Commercial IoT, Globalstar, Inc. “Globalstar’s complete line of commercial IoT satellite solutions are helping organizations like the University of Toronto Trash Team monitor and manage assets and optimize remote operations. All of our solutions, including the SmartOne C Satellite Tracker, operate over Globalstar’s fully modernized LEO satellite network, enabling reliable tracking of fixed and mobile assets – essential in today’s hyper-connected, global marketplace. We congratulate the Trash Team on completing the initial phase of their project, and look forward to working with them as they continue to advance this important research.”
In Spring 2021, the University of Toronto Trash Team deployed a fleet of blender bottles at strategic locations around Toronto Harbour. Each bottle contained an embedded Globalstar SmartOne C Satellite Managed Asset Tracker. The GPS-tagged bottles were designed to represent floating plastic litter in Toronto harbour. The Trash Team uses the data captured via Globalstar commercial IoT satellite technology to follow the pathways of the bottles and reveal movement patterns and potential accumulation zones for floating litter.
“It is evident Toronto has a trash problem in the harbour,” said Cassandra Sherlock, member of the Trash Team. “The data we are collecting will help inform placement of trash capture devices, such as Seabins, to divert litter away from Lake Ontario. The data also helps us understand where litter enters the water, how it moves from point A to B, and areas where it eventually accumulates.”
The Globalstar SmartOne C Satellite Trackers are embedded in air-tight, bright orange water bottles and housed on a small platform and secured so that the trackers are constantly facing the sky and the satellites. SPOT my Globalstar cloud-based mapping service, which is integrated with every Globalstar commercial IoT device, provides critical location data which is mapped at scheduled tracking intervals. This provides the team with waypoints marking the location of each bottle, every hour. The automated reporting from SPOT my Globalstar also enables the team to look at historical reports, taking weather, wind events and other environmental factors into consideration. The SmartOne C utilizes a motion sensor, comparative GPS positions and custom-configured sensors to gather and transmit asset status information from the bottles.
“Due to the success of this project, we are now considering using the Globalstar IoT Satellite Trackers in rivers to assess the fate and transport of plastic pollution in watersheds,” said Chelsea Rochman, Science Programming, and Application Lead for the University of Toronto Trash Team. “This work will likely begin in the City of Toronto, but then may expand to other global rivers.”
About Globalstar, Inc.
Globalstar is a leading provider of customizable Satellite IoT Solutions for customers around the world in industries such as oil and gas, transportation, emergency management, government, maritime and outdoor recreation. A pioneer of mobile satellite voice and data services, Globalstar solutions connect people to their devices and allow businesses to streamline operations providing safety and communication and enabling mobile assets to be monitored remotely via the Globalstar Satellite Network. The Company's Commercial IoT product portfolio includes industry-acclaimed SmartOne asset tracking products, Commercial IoT satellite transmitters and the SPOT® product line for personal safety, messaging, and emergency response, all supported on SPOT My Globalstar, a robust cloud-based enhanced mapping solution. Learn more at Globalstar.com.
Media Contact – Globalstar Canada
Caroline McGrath
CMM Communications Inc. for Globalstar Canada Satellite Co.
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LOS ANGELES--(BUSINESS WIRE)--$HYRE #electricvehicles--HyreCar Inc. (NASDAQ: HYRE), the carsharing marketplace for ridesharing and delivery services, today announced a partnership with Spring Free EV, Inc., a financial technology company built to accelerate the adoption of electric vehicles (EVs) through innovative fintech products, to significantly increase the availability and utilization of EVs on the HyreCar carsharing platform. Now, rental fleet operators and even would-be entrepreneurs have simple, low-cost and hassle-free access to financing options to expand or upgrade and future-proof their fleet with in-demand EVs for ridesharing rentals.
Sunil Paul, CEO, Spring Free EV, and “the pioneer of ridesharing” stated, “Climate impact is Spring Free EV’s number one driver. We estimate that deployment of 100 million electric vehicles over the next 10 years will get us to one gigaton of emissions reduction. There's an opportunity for innovations in finance and technology to radically transform what’s happening with the adoption of electric vehicles and transform what’s possible with solutions to climate. We’re excited that our partnership will accelerate EV adoption on HyreCar’s marketplace by making EVs more accessible and affordable.”
“The Spring Free EV and HyreCar partnership addresses both companies’ collective goal to reduce greenhouse gas emissions by making EV access fast, easy and affordable for fleet managers,” said Mike Furnari, Chief Business Development Officer at HyreCar. “Leveraging innovative financing from Spring Free EV for fleet operators will reduce the biggest barrier to EV adoption – high upfront costs. The partnership is expected to accelerate the growth of EVs in the HyreCar marketplace.”
“Partnering with Spring Free EV is a win-win for both of our customer segments,” said Joe Furnari, HyreCar CEO. “Increasing commercial adoption of EVs through Transportation as a Service opportunities is a large part of our strategy for 2022 and beyond. This partnership will round out the EV value proposition for fleet owners with easy, low-cost financing and a fast path to acquiring high-demand EV inventory.”
The HyreCar and Spring Free EV collaboration makes it easy for fleet owners to upgrade or expand their fleet to the future of electrification. With no leases, no long-term loans, no personal credit or guarantees required and monthly rates as low as $299/mo. plus .12/mile, owning and renting EVs on the HyreCar platform has never been easier. HyreCar owners who are interested in expanding their fleet with EVs and entrepreneurs looking for passive income can visit https://www.hyrecar.com/ev to learn more and begin the simple and affordable process of “greening and cleaning” their fleet.
About HyreCar
HyreCar Inc. (NASDAQ: HYRE) is a national carsharing marketplace for ridesharing, food, and package delivery via its proprietary technology platform. The Company has established a leading presence in Mobility as a Service (MaaS) through individual vehicle owners, dealers, rental agencies, and OEM’s that wish to participate in new mobility trends. By providing a unique opportunity through our safe, secure, and reliable marketplace, HyreCar is transforming the industry by empowering all to profit from Mobility as a Service. For more information, please visit hyrecar.com.
About Spring Free EV
Spring Free EV is a financial technology company built to accelerate the adoption of electric vehicles (EVs) through innovative fintech products. We have the bold mission to reduce CO2 emissions by one gigaton by 2030 through a new vehicle financing approach that makes EVs more accessible to everyone. Spring Free EV was co-founded by Sunil Paul, Martin Lagod, and Cassandra John in 2021 and is backed by leading investors Reid Hoffman, Mark Pincus, Ev Williams, and others. Learn more at www.springfreeev.com.
Media Contacts:
Allie Potter
Skyya PR for HyreCar
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Investors:
Scott Arnold
CORE IR
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Proceeds of issue will be used to fund NICO Project eligible Canadian Exploration Expenses
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES
LONDON, Ontario--(BUSINESS WIRE)--#Cobalt--Fortune Minerals Limited (TSX: FT) (OTCQB: FTMDF) (“Fortune” or the “Company”) (www.fortuneminerals.com) is pleased to announce that it has closed a private placement of 3,571,399 common shares issued at a price of C$ 0.14 per share on a “flow-through” basis pursuant to the Income Tax Act (Canada) to raise gross proceeds of approximately C$500,000. The net proceeds received from this offering will be used to fund eligible Canadian Exploration Expenses on the Company’s wholly-owned NICO cobalt-gold-bismuth-copper project (“NICO Project”) in the Northwest Territories.
Fortune is conducting a drill program at the NICO Project testing high priority targets identified in earlier geophysical and drilling programs, as well as surficial mineralization exposed in a road cut along the NICO Project access road alignment. Four holes have been completed at the east end of the NICO deposit to test the continuity of mineralization beyond an area of faults and dykes that were previously thought to terminate the deposit. Four holes have also been drilled to test the continuity of the Peanut Lake Zone where five holes drilled in 1997 each intersected 3 metre intervals exceeding 1 gram per tonne of gold, including one 3 metre intersection of 1.105 grams of gold per tonne and 0.355% cobalt. Two holes have also been drilled to test extensions to the Ralph Zone mineralization. The drill rig is expected to be moved to the area of the Road Cut mineralization later this week. No assays have been received to date.
This press release shall not constitute an offer to sell or solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities will not be and have not been registered under the United States Securities Act of 1933 and may not be offered or sold in the United States absent registration or applicable exemption from the registration requirements.
The disclosure of scientific and technical information contained in this news release has been approved by Robin Goad, M.Sc., P.Geo., President and Chief Executive Officer of Fortune, who is a "Qualified Person" under National Instrument 43-101.
About Fortune Minerals:
Fortune is a Canadian mining company focused on developing the NICO Cobalt-Gold-Bismuth-Copper Project in the NWT. The Company has an option to purchase lands in Saskatchewan where it may build the hydrometallurgical plant to process NICO metal concentrates and is also evaluating other brownfield locations with existing facilities to reduce project capital and operating costs. In addition, Fortune owns the satellite Sue-Dianne Copper-Silver-Gold Deposit located 25 km north of the NICO Project mine site and is a potential future source of incremental mill feed to extend the life of the NICO mill and concentrator.
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@FortuneMineral on Twitter.
This press release contains forward-looking information and forward-looking statements within the meaning of applicable securities legislation. This forward-looking information includes statements with respect to, among other things, the Company’s plans to develop the NICO Project, the proposed use of proceeds from the private placement referred to herein, the anticipated progress of the current drill program being undertaken by the Company and the potential for the Sue-Dianne property to provide incremental mill feed to the NICO Project. Forward-looking information is based on the opinions and estimates of management as well as certain assumptions at the date the information is given (including, in respect of the forward-looking information contained in this press release, assumptions regarding:, the assumption that the current drill program will proceed as planned, the Company’s ability to arrange the necessary financing to continue operations and develop the NICO Project; the receipt of all necessary regulatory approvals for the construction and operation of the NICO Project and the related hydrometallurgical refinery and the timing thereof; growth in the demand for cobalt; the time required to construct the NICO Project; and the economic environment in which the Company will operate in the future, including the price of gold, cobalt and other by-product metals, anticipated costs and the volumes of metals to be produced at the NICO Project). However, such forward-looking information is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. These factors include the risks that the current drill program may be delayed and the results therefrom may not be as anticipated, the Company may not be able to finance and develop NICO on favourable terms or at all, uncertainties with respect to the receipt or timing of required permits, approvals and agreements for the development of the NICO Project, including the related hydrometallurgical refinery, the construction of the NICO Project may take longer than anticipated, the Company may not be able to secure offtake agreements for the metals to be produced at the NICO Project, the use of proceeds from the private placement may be different from those currently anticipated, the Sue-Dianne property may not be developed to the point where it can provide mill feed to the NICO Project, the inherent risks involved in the exploration and development of mineral properties and in the mining industry in general, the market for rechargeable batteries and the use of stationary storage cells may not grow to the extent anticipated, the future supply of cobalt may not be as limited as anticipated, the risk of decreases in the market prices of cobalt and other metals to be produced by the NICO Project, discrepancies between actual and estimated mineral resources or between actual and estimated metallurgical recoveries, uncertainties associated with estimating mineral resources and reserves and the risk that even if such resources prove accurate the risk that such resources may not be converted into mineral reserves, once economic conditions are applied, the Company’s production of cobalt and other metals may be less than anticipated and other operational and development risks, market risks and regulatory risks. Readers are cautioned to not place undue reliance on forward-looking information because it is possible that predictions, forecasts, projections and other forms of forward-looking information will not be achieved by the Company. The forward-looking information contained herein is made as of the date hereof and the Company assumes no responsibility to update or revise it to reflect new events or circumstances, except as required by law.
Fortune Minerals Limited
Troy Nazarewicz
Investor Relations Manager
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Tel: (519) 858-8188
www.fortuneminerals.com
Mawson’s integrated model is based on a long-term strategy to assist in the global transition to a decarbonized society
SYDNEY--(BUSINESS WIRE)--Mawson Infrastructure Group Inc. (NASDAQ:MIGI) (“Mawson”), a digital infrastructure provider, is pleased to announce it has joined the Bitcoin Mining Council, a voluntary and open forum of Bitcoin Miners committed to the network and its core principles.
The mandate of the Bitcoin Mining Council is to promote transparency, share best practices, and educate the public on the benefits of Bitcoin and Bitcoin Mining.
Mawson is committed to being a sustainable and efficient Bitcoin Miner and uses predominantly non-carbon emitting/sustainable energy including nuclear, wind and hydro.
James Manning, CEO and Founder of Mawson, said, "We are delighted to join the Bitcoin Mining Council and are excited to share our insights on sustainable energy with the council and the public. Mawson recently signed a partnership with Quinbrook Infrastructure Partners, a global green energy infrastructure fund, with our first site now operational in Australia, co-located next to a 100% renewable energy generation asset. We believe this is the future of the industry and are excited to be at the forefront.”
About Mawson Infrastructure
Mawson Infrastructure is a digital infrastructure provider, headquartered in Sydney, Australia and operating across the USA and Australia, Mawson Infrastructure’s mission is to build a bridge between the rapidly emerging digital asset industry and traditional capital markets, with a strong focus on shareholder returns. Mawson matches energy infrastructure with next-generation mobile data centre solutions, enabling the proliferation of blockchain technology.
For more information, visit: www.mawsoninc.com
About the Bitcoin Mining Council
The Bitcoin Mining Council is a voluntary and open forum of Bitcoin mining companies and other companies in the Bitcoin industry committed to the Bitcoin network and its core principles. It promotes transparency, shares best practices, and educates the public on the benefits of Bitcoin and Bitcoin mining.
For more information, visit: www.bitcoinminingcouncil.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:
Brett Maas
646-536-7331
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www.haydenir.com
PORTLAND, Ore.--(BUSINESS WIRE)--NuScale Power (NuScale) announced today that it has signed a Memorandum of Understanding (MOU) with Prodigy Clean Energy Ltd. (Prodigy) and Kinectrics Incorporated (Kinectrics) to explore and inform the development of a regulatory framework to address licensing and deployment of a Prodigy Marine Power Station (MPS). The MPS, which would integrate 1-12 NuScale Power Modules™ (NPMs) into a marine-based nuclear power plant system, presents a rapidly-deployed, carbon-free baseload energy generation solution to replace fossil fuel power plants globally. This MOU builds upon the existing partnership between NuScale and Prodigy, representing a critical step towards the commercialization of this technology.
Through this agreement, the three companies will produce technical specifications and a regulatory considerations document on the MPS that will be used to engage regulators and potential customers. The benefits of using Prodigy’s marine power plant system to deploy the NuScale Small Modular Reactor (SMR) include significantly reduced capital costs, reduced environmental impact, and expedited project delivery schedule when compared to traditional land-based nuclear projects. The MPS would generate scalable and reliable electricity and heat with zero greenhouse gas emissions for on-grid and off-grid locations, at dramatically reduced cost and schedule risk. NuScale, Prodigy and Kinectrics will work together to evaluate commercial deployment opportunities where the MPS could be deployed either as the sole power source, coupled with renewables, or used to generate clean fuels, such as hydrogen and ammonia, economically and at commercial scale. Prodigy’s MPS integrating fully factory fabricated NPMs offers a safe, carbon-free, affordable, and near-term clean energy solution to help meet the world’s continually increasing need for baseload and load-following power.
“This engagement with Prodigy and Kinectrics is an exciting opportunity for NuScale to build on our momentum and work with industry-leading companies. Together, we are pursuing new avenues to deploy the NuScale SMR globally,” said John Hopkins, Chairman and Chief Executive Officer of NuScale Power. “Work accomplished within this MOU will expand opportunities for nuclear energy generation, helping to achieve the carbon-free, sustainable energy future that we are all working toward.”
Prodigy is Canada’s first commercial marine nuclear power developer, specializing in integrating existing power reactors into stationary-deployed marine power plant structures. The MPS would be shipyard-fabricated, and marine-transported to its deployment location, where it would be moored in place in sheltered and protected waters at the shoreline. Powered by the NuScale SMR, Prodigy’s MPS is a highly-optimized and affordable solution to supply coastal cities, communities and industrial zones, as well as island nations, with clean, reliable and sustainable energy.
“Prodigy is beginning engagement with the Canadian Nuclear Safety Commission (CNSC) and is in the process of proposing pre-licensing activities for our transportable and marine-deployed nuclear power plant systems. This is a first-of-its-kind regulatory exercise in North America, and we are privileged to have support from NuScale and Kinectrics as part of this effort. Canada’s abiding government commitment to deploy SMRs, experienced nuclear regulator, strong domestic nuclear ecosystem, and first-tier leadership in safe nuclear operations, provide a highly conducive environment to pilot Prodigy’s deployment approach,” said Mathias Trojer, President and CEO of Prodigy. “We anticipate that regulations and policies developed in Canada could help to provide a starting point to engage the International Atomic Energy Agency (IAEA), as well as sovereign regulators in global jurisdictions for technology export.”
Kinectrics is a leader in providing life cycle management services for the electricity industry. To support the collaboration, Kinectrics will bring expertise in nuclear licensing and regulatory affairs, nuclear equipment qualification, environmental analysis, safety analysis, materials evaluation, structural analysis, and shoreside transmission and distribution infrastructure design and construction, to the Prodigy and NuScale team.
“We are thrilled to support the Prodigy and NuScale program. Prodigy’s marine nuclear power plant systems could be a potentially transformative opportunity for the energy industry -- the MPS could allow for new nuclear builds in global locations where traditional land-based nuclear projects are either technically or economically infeasible. Kinectrics has extensive expertise developing novel licensing approaches, and we look forward to working with NuScale and Prodigy to advance the development and deployment of their combined technologies,” said David Harris, President and CEO of Kinectrics.
NuScale continues to establish collaborations with companies in the Canadian supply chain in connection with potential NuScale power plant deployments in Canada, with the aim of creating an economic engine that will generate hundreds of millions of dollars through jobs and business opportunities. This MOU builds on the foundation of existing agreements between NuScale and Prodigy, and showcases NuScale’s dedication to engaging category-leading companies whose technologies will have global impact for the energy industry.
In August 2020, NuScale made history as the first ever and only SMR to receive U.S. Nuclear Regulatory Commission design approval. NuScale is in the CNSC’s Vendor Design Review (VDR) process and has been continuing to engage with Canadian regulators, governments, suppliers, and prospective clients, including Ontario Power Generation, as it works to deliver its design and supply chain leading technology to North America and the world.
About NuScale Power
NuScale Power has developed a new modular light water reactor nuclear power plant to supply energy for electrical generation, district heating, desalination, and other process heat applications. This ground-breaking small modular reactor (SMR) design features a fully factory-fabricated NuScale Power Module™ capable of generating 77 MW of electricity using a safer, smaller, and scalable version of pressurized water reactor technology. NuScale's scalable design—power plants that can house up to four, six, or 12 individual power modules—offers the benefits of carbon-free energy and reduces the financial commitments associated with gigawatt-sized nuclear facilities. The majority investor in NuScale is Fluor Corporation, a global engineering, procurement, and construction company with a 70-year history in commercial nuclear power.
NuScale is headquartered in Portland, Ore., and has offices in Corvallis, Ore.; Rockville, Md.; Charlotte, N.C.; Richland, Wash.; and London, UK. Follow us on Twitter: @NuScale_Power, Facebook: NuScale Power, LLC, LinkedIn: NuScale-Power, and Instagram: nuscale_power. Visit NuScale Power’s website.
About Prodigy
Prodigy is a Canadian marine nuclear power developer specializing in integrating existing, commercial power reactors into stationary-deployed marine power plant structures for commercial energy generation. Prodigy’s Small Modular Reactor Marine Power Stations (“SMR-MPSs”) could be used to deploy safe, carbon-free, affordable, and reliable power at any coastal location worldwide. The principal benefits of Prodigy’s SMR-MPSs include: i) Enhanced safety; ii) Substantially reduced capital investment and reduced risks of cost and schedule overruns; iii) Wider potential of siting opportunities; iv) Redeployment flexibility; v) Substantial decommissioning advantages, including immediate recovery of site, and reduced costs by means of scrapyard decommissioning; and vi) Substantial benefits of enabled changes to commercial and financing arrangements that are not otherwise available for traditional land-based nuclear power projects.
Learn more at www.prodigy.energy. Follow us on Twitter: @ProdigyCEnergy
About Kinectrics
Kinectrics is the category leader in providing life cycle management services for the electricity industry. Trusted by clients worldwide, our expertise in engineering, testing, inspection, and certification is backed by our independent laboratory and testing facilities, a diverse fleet of field inspection equipment and an award-winning team of over 1,100 engineers and technical experts. From initial design and type testing to operational deployment and maintenance services, Kinectrics collaborates closely with customers to ensure that utility assets perform safely, reliably, and efficiently throughout their entire life cycle.
Learn more at www.kinectrics.com and follow us on LinkedIn, Twitter, and YouTube.
Diane Hughes, Vice President, Marketing & Communications, NuScale Power
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2,200% revenue growth driven by manufacturers accelerating digital transformation investments
SANTA CLARA, Calif.--(BUSINESS WIRE)--#fast500--Propel, developer of the only unified quality management (QMS) and product lifecycle management (PLM) solution built on Salesforce, today announced it ranked No. 77 on the Deloitte Technology Fast 500™, a ranking of the 500 fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies in North America, now in its 27th year. Propel grew 2,207% during this period.
"Manufacturers are embracing new technology to win in a design anywhere, build anywhere, sell anywhere world," said Ray Hein, co-founder and CEO, Propel. “Our cloud native solution allows companies to create, commercialize and correct products using a single platform. Our growth is a testament to the business value delivered by this Product 360 approach, and we’re honored to be recognized by Deloitte as one of the fastest growing companies in North America.”
“Each year the Technology Fast 500 shines a light on leading innovators in technology and this year is no exception,” said Paul Silverglate, vice chair, Deloitte LLP and U.S. technology sector leader. “In the face of innumerable challenges resulting from the pandemic, the best and brightest were able to pivot, reinvent and transform and grow. We celebrate the winning organizations and especially the talented employees driving their success.”
“The pandemic has underscored the urgent need for tech solutions in a variety of areas across health care, fintech, energy tech, entertainment, to name a few, so reliance on innovators like the winners of the Technology Fast 500 is more important than ever,” said Christie Simons, partner, Deloitte & Touche LLP and industry leader for technology, media and telecommunications within Deloitte’s audit & assurance practice. “These companies are not only at the cutting edge, transforming the way we do business, but most importantly, recognize the strategic importance of ongoing innovation, especially in the ever-changing world of technology.”
Overall, 2021 Technology Fast 500™ companies achieved revenue growth ranging from 212% to 87,037% from 2017 to 2020, with median growth of 521%.
About the 2021 Deloitte Technology Fast 500™
Now in its 27th year, the Deloitte Technology Fast 500 provides a ranking of the fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies — both public and private — in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2017 to 2020.
In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company’s operating revenues. Companies must have base-year operating revenues of at least US$50,000, and current-year operating revenues of at least US$5 million. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.
About Propel
Propel enables Product 360, the modern way to take products from concept to customer. Born in the cloud and built on Salesforce, Propel helps manufacturers collaborate across the entire value chain to get the right products to market faster and at higher margins. Companies of all types trust Propel to achieve product success, from hyper-growth startups like Desktop Metal, Imperative Care, and Inari Medical, to established innovators like Traeger, Simplisafe, and Vizio, to Fortune 500 companies like Shell and Zoetis. For more information, visit propelplm.com and follow us on LinkedIn.
About Deloitte
Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as “Deloitte Global”) does not provide services to clients. In the United States, Deloitte refers to one or more of the US member firms of DTTL, their related entities that operate using the “Deloitte” name in the United States and their respective affiliates. Certain services may not be available to attest clients under the rules and regulations of public accounting. Please see www.deloitte.com/about to learn more about our global network of member firms.
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