NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
ST. JOHN’S, Newfoundland and Labrador--(BUSINESS WIRE)--$ARR.TO--Altius Renewable Royalties Corp. (TSX: ARR) (OTCQX: ATRWF) (“ARR”, the “Corporation”, or the “Company”) is pleased to announce that today it has closed its previously announced bought deal public offering (the “Offering”) of common shares of the Company (the “Shares”). A total of 3,900,000 Shares were issued at a price of C$9.00 per Share (the “Offering Price”) for aggregate gross proceeds of C$35,100,000.
The Offering was made through a syndicate of underwriters led by TD Securities Inc. and Cormark Securities Inc. (the “Joint Bookrunners”), including National Bank Financial Inc., Peters & Co. Limited, Raymond James Ltd., Scotiabank, CIBC Capital Markets and Laurentian Bank Securities Inc. (collectively, with the Joint Bookrunners, the “Underwriters”).
The Company granted the Underwriters an over-allotment option, exercisable in whole or in part at any time up to 30 days after the closing of the Offering, to purchase up to an additional 585,000 Shares at the Offering Price, for additional gross proceeds to the Company of up to C$5,265,000.
The Company intends to use the net proceeds from the Offering to fund its 50% of the acquisition price for Great Bay Renewables’ Titan Solar royalty investment and for general corporate purposes.
The Shares have been conditionally approved for listing on the Toronto Stock Exchange (“TSX”). The Offering is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the final approval of the TSX.
The securities issued under the Offering were offered by way of a prospectus supplement dated December 5, 2022 (the “Prospectus Supplement”) to the Company's base shelf prospectus dated March 1, 2022, that was filed in each of the provinces and territories of Canada. The securities have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
Altius Minerals Early Warning Disclosure
Altius Minerals Corporation (TSX: ALS) (OTCQX: ATUSF) (“Altius Minerals”) purchased 2,298,700 Shares (the “Pre-Emptive Shares’”) at the Offering Price pursuant to the Offering in order to allow Altius Minerals to maintain its ownership of the Company after closing. Prior to the Offering, Altius Minerals beneficially owned 15,638,639 Shares and 3,093,835 warrants to purchase Shares, representing approximately 59% of the issued and outstanding Shares on a non-diluted basis (approximately 63% of the issued and outstanding Shares, on a partially diluted basis). Altius Minerals has anti-dilution rights that permit it to acquire additional securities of the Company so as to maintain its proportionate equity interest in the Company from time to time.
After giving effect to the Offering, and assuming no exercise of the Over-Allotment Option, Altius Minerals beneficially owns 17,937,339 Shares and 3,093,835 warrants to purchase Shares, representing approximately 59% of the issued and outstanding Shares on a non-diluted basis (approximately 63% of the issued and outstanding Shares, on a partially diluted basis).
The related early warning report will be filed under the Company’s profile at www.sedar.com in accordance with applicable securities laws and a copy may be obtained directly from Flora Wood at This email address is being protected from spambots. You need JavaScript enabled to view it..
The head office of Altius Minerals is located at 38 Duffy Place, St. Johns, NL, A1B 4M5.
About ARR
ARR is a renewable energy royalty company whose business is to provide long-term, royalty level investment capital to renewable power developers, operators, and originators. ARR has 32 renewable energy royalties representing 735 MW of renewable power on operating projects and an additional approximately 6 GW on projects in development phase, across several regional power pools in the U.S. The Corporation also expects future royalties from Great Bay’s investments in Bluestar Energy Capital and Hodson Energy. The Corporation combines industry expertise with innovative, partner-focused solutions to further the growth of the renewable energy sector as it fulfills its critical role in enabling the global energy transition.
Forward-Looking Information
This news release contains forward-looking information as defined under Canadian securities laws which reflect management’s current expectations. Some of the specific forward-looking statements contained herein include, but are not limited to, the exercise of the Over-Allotment Option, the intended use of proceeds and the receipt of regulatory approvals. The statements are based on reasonable assumptions and expectations of management and ARR provides no assurance that actual events will meet management's expectations. In certain cases, forward-looking information may be identified by such terms as "anticipates", "believes", "could", "estimates", "expects", "may", "shall", "will", or "would". Although ARR believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those projected. Such forward-looking statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. Such risks and uncertainties include, but are not limited to, the factors discussed under “Risk Factors” in the Prospectus Supplement. Readers should not place undue reliance on forward-looking information. ARR does not undertake to update any forward-looking information contained herein except in accordance with securities regulation. A number of factors could cause actual results to differ, possibly materially, from the results discussed in the forward-looking statements. Additional information about risks and uncertainties is contained in the filings of ARR under the Company’s profile at www.sedar.com.
Flora Wood
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Tel: 1.877.576.2209
Direct: +1.416.346.9020
Ben Lewis
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Tel: +1.877.576.2209
Hardin County Schools District Receives EPA's Clean School Bus Program Funding to Shift to Zero-Emission Student Transportation
MACON, Ga.--(BUSINESS WIRE)--Blue Bird Corporation (Nasdaq: BLBD), the leader in electric and low-emission school buses, has teamed up with Highland Electric Fleets to make it simpler and more affordable for Hardin County Community Unit School District #1 (CUSD #1) in Illinois to upgrade to clean electric school buses. The school district ordered 12 Blue Bird Type C electric school buses through Highland. Highland’s innovative fleet electrification-as-a-service offering allows districts and third-party fleet managers to avoid the upfront costs and complexity of electrification, accelerating the adoption of clean student transportation.
Blue Bird’s zero-emission electric school buses are partially funded by a $4,740,000 grant through the U.S. Environmental Protection Agency’s (EPA) 2022 Clean School Bus Rebate Program. This program is part of the Bipartisan Infrastructure Law (BIL) which provides a total of $5 billion over five years for clean school bus transportation. The EPA recently awarded nearly $1 billion in funding to school districts across all 50 U.S. states for over 2,400 clean school buses. The funds also assist recipient organizations to establish the required clean energy charging infrastructure.
"We are thrilled to receive funding from the EPA's Clean School Bus Program for 12 new Blue Bird electric buses," said Andy Edmondson, superintendent at CUSD #1. "The EPA funding, combined with Highland's financing and services, helps us avoid the usual cost and complexity of electrification and deliver cleaner, healthier transportation options to our students and communities."
“Many school districts across America are committed to reducing harmful greenhouse gas emissions and improving student health by shifting to clean electric school buses. However, the upfront purchase price of electric school buses often represents a barrier to entry,” said Britton Smith, senior vice president of electrification and chief strategy officer of Blue Bird Corporation. “We are proud to collaborate with Highland Electric Fleets and to jointly serve Hardin County CUSD #1. It is our goal to reduce the total cost of ownership of electric school bus fleets to be on par with or below the investment needed for current diesel fleets.”
“Highland makes it as simple and affordable as possible for school districts and fleet managers to upgrade to two or 300 electric buses today,” said Duncan McIntyre, CEO of Highland Electric Fleets, which has over 385 electric school buses under contract to-date. “Electric school buses provide clean, quiet, and reliable student transportation and also serve as energy assets in the community, contributing to grid reliability and resiliency during extreme weather events. We are excited to work with Blue Bird to help Hardin CUSD #1 and other Illinois schools electrify their fleets.”
Blue Bird Electric buses come standard with vehicle-to-grid (V2G) capability, enabling Highland to coordinate with local utility companies to manage vehicle charging and return stored energy back to the grid as needed. V2G programs help balance demands on the grid, improve grid resiliency, and lower the overall cost of electric school bus fleets for school districts.
Blue Bird remains the proven clean transportation leader with more than 700 electric-powered, zero-emission school buses in operation today. The company builds a full range of electric school buses that can carry a maximum of 84 passengers for up to 120 miles on a single charge. Depending on the charging infrastructure, the buses take between three and eight hours to recharge fully.
About Blue Bird Corporation
Blue Bird (NASDAQ: BLBD) is recognized as a technology leader and innovator of school buses since its founding in 1927. Our dedicated team members design, engineer and manufacture school buses with a singular focus on safety, reliability, and durability. Blue Bird buses carry the most precious cargo in the world – the majority of 25 million children twice a day – making us the most trusted brand in the industry. The company is the proven leader in low- and zero-emission school buses with more than 20,000 propane, natural gas, and electric powered buses in operation today. Blue Bird is transforming the student transportation industry through cleaner energy solutions. For more information on Blue Bird's complete product and service portfolio, visit www.blue-bird.com.
About Highland Electric Fleets
Highland Electric Fleets is the leading provider of electrification-as-a-service for school districts, governments, and fleet operators in North America. Founded in 2019, Highland offers a unique suite of products that make it simple and affordable to upgrade to electric fleets today. Active in 30 states and Canada, Highland is responsible for the first use of electric school buses in a commercial vehicle-to-grid (V2G) program and the largest electric school bus project in the United States to date. To learn more, visit https://highlandfleets.com.
Blue Bird Corporation Media Contact
Julianne Barclay
TSN Communications
M: +1.267.934.5340
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Highland Electric Fleets Media Contact
Mission Control Communications
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OMAHA, Neb.--(BUSINESS WIRE)--Werner Enterprises (Nasdaq: WERN), a premier transportation and logistics provider, announced its implementation of Salesforce’s Net Zero Cloud in combination with Workiva’s reporting platform to manage and measure its Environmental, Social and Governance (ESG) data at a level of granularity previously not possible. This combined system will support Werner as it aims to achieve key ESG goals, including a 55 percent greenhouse gas emissions reduction by 2035.
As part of the Werner DRIVESM (Durable, Results, Innovation, Values, ESG) strategy unveiled during Werner’s second quarter 2022 earnings call, this announcement supports and elevates these initiatives. Werner DRIVESM incorporates sustainability, capital allocation, an outcome oriented approach to operations, a drive to innovate and a culture that supports and values team members.
“Our collaboration with Salesforce and Workiva further elevates our ESG goals by utilizing both solutions and our proprietary insights,” said Nathan Meisgeier, EVP & Chief Legal Officer at Werner. “Because of Werner’s prominent role in the supply chain, we have set aggressive ESG goals and are also positioned to help our customers meet and exceed their own sustainability goals. The combination of Salesforce’s Net Zero Cloud and Workiva’s platform plays a key role in measuring and reporting our ESG progress.”
Through this software integration, Werner will utilize Workiva’s cloud-based platform and multiple solutions, including ESG, financial reporting, and audit and controls, to capture and report its financial and non-financial information. The platform will pull in Werner’s environmental data leveraging Salesforce’s Net Zero Cloud.
“We put technology in the hands of our customers so they can make meaningful decisions about climate action,” said Ari Alexander, GM of Net Zero Cloud, Salesforce. “Organizations must work toward accelerating to net zero. We’re thrilled to collaborate with Werner and Workiva to implement and track Werner's emissions data more accurately with Salesforce’s Net Zero Cloud to reach climate commitments faster.”
"ESG reporting is complex, requiring the ingestion, capture, management, and reporting of financial and non-financial data from many different sources. Workiva’s end-to-end platform powers transparent reporting by enabling customers to streamline the flow of data, ensure accuracy to meet evolving ESG disclosure requirements and validate data for assurance,” said Julie Iskow, President & COO at Workiva. "Collaborating with Salesforce extends the value of the Workiva platform for mutual customers like Werner. It's through these collaborations with other technology providers that we collectively will help businesses make better data-driven decisions for their companies and the environment.”
In 2021, Werner released its inaugural CSR report, announcing nine specific ESG goals the company plans to achieve in the coming years. This September, the company shared a CSR Update Report highlighting achievements, milestones and additional goals. To view both reports and to learn more about Werner’s ESG initiatives visit here.
About Werner Enterprises
Werner Enterprises, Inc. (Nasdaq: WERN) delivers superior truckload transportation and logistics services to customers across the United States, Mexico and Canada. With 2021 revenues of $2.7 billion, an industry-leading modern truck and trailer fleet, more than 14,000 talented associates and our innovative Werner EDGE technology, we are an essential solutions provider for customers who value the integrity of their supply chain and require safe and exceptional on-time service. Werner provides Dedicated and One-Way Truckload services as well as Logistics services that include truckload brokerage, freight management, intermodal and final mile. As an industry leader, Werner is deeply committed to promoting sustainability and supporting diversity, equity and inclusion.
About Salesforce
Salesforce, the global CRM leader, empowers companies of every size and industry to digitally transform and create a 360° view of their customers. Salesforce has headquarters in San Francisco, with offices in Europe and Asia, and trades on the New York Stock Exchange under the ticker symbol "CRM." For more information about Salesforce (NYSE: CRM), visit: www.salesforce.com.
About Workiva
Workiva Inc. (NYSE:WK) is on a mission to power transparent reporting for a better world. We build and deliver the world’s leading regulatory, financial, and ESG reporting solutions to meet stakeholder demands for action, transparency, and disclosure of financial and non-financial data. Our cloud-based platform simplifies the most complex reporting and disclosure challenges by streamlining processes, connecting data and teams, and ensuring consistency. Learn more at workiva.com.
Jill Samuelson, Associate Vice President – Marketing and Communications
Werner Enterprises, Inc.
(D) 402.819.5319 | (C) 402.319.8213
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Launched at the ABS Hellenic Technical Committee, Technology Trends Offers Roadmap to the Next Wave of Maritime Innovation
ATHENS, Greece--(BUSINESS WIRE)--Will autonomous vessels dominate the oceans? Can artificial intelligence design an optimized offshore asset? Is nuclear power the ultimate energy source of the future? These are some of the questions facing maritime industry leaders as a wave of new technologies is poised to revolutionize the sector.
ABS recognizes the coming surge of innovations and is charting a course for the future of marine and offshore technologies with a new report, Technology Trends: Exploring the Future of Maritime Innovation. The publication, launched at the ABS Hellenic Technical Committee, offers an executive glimpse into the future of advanced marine and offshore technologies, laying out a vision and timeline for key technological milestones on the journey to net-zero emissions and digitalization.
“Innovation in the maritime industry is cyclical, and we’re on the verge of a new wave of technologies and change,” said Patrick Ryan, ABS Senior Vice President, Global Engineering and Technology. “Guided by close collaboration with industry leaders here in Athens and beyond, and our own understanding of the market, ABS is able to share where we think these technologies are going. We offer this publication as a high-level roadmap for the industry’s clean energy transition, digitalization, and applied research in areas like new materials and computer-aided design.”
ABS has a long history of supporting the industry in adopting new technologies safely, which is at the core of its safety mission. As advanced technologies take centerstage over the coming decades, ABS aims to provide guidance and clarity for the industry, supporting safe adoption and optimizing operations on the journey to net-zero emissions.
To learn more about these revolutionary technologies, download a copy of Technology Trends: Exploring the Future of Maritime Innovation here.
About ABS
ABS, a leading global provider of classification and technical advisory services to the marine and offshore industries, is committed to setting standards for safety and excellence in design and construction. Focused on safe and practical application of advanced technologies and digital solutions, ABS works with industry and clients to develop accurate and cost-effective compliance, optimized performance and operational efficiency for marine and offshore assets.
For more information, contact:
ABS Media Relations
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DALLAS--(BUSINESS WIRE)--CyrusOne, a leading global data center developer and operator specializing in state-of-the-art digital infrastructure solutions, today announced to accelerate its pledge to become climate neutral by 2030, moving up its previous 2040 commitment by a decade.
To achieve this milestone, CyrusOne will continue to improve the energy efficiency of its new and existing data centers, procure renewable electricity at an accelerated rate to power the facilities, and investigate zero-carbon alternatives to traditional diesel backup generators. These efforts build upon the progress CyrusOne has already made, including achieving 100% renewable electricity across its full European portfolio starting in 2021.
“Our customers’ commitments to reduce their carbon footprints has inspired us to quicken our efforts,” said Kyle Myers, Vice President of Environmental Health, Safety, and Sustainability at CyrusOne. “It is becoming more and more evident that our previous target of climate neutral by 2040 was ambitious for its time, but is no longer ambitious enough. We not only plan to reach carbon neutrality by the end of this decade, but to do so while decreasing our water consumption in vulnerable regions.”
CyrusOne strives for excellence in sustainability and continuous improvement, forging our goal to drive innovation in this space for the good of our customers and our planet. For more information on CyrusOne’s sustainability efforts, see their 2022 Sustainability Report.
To learn more about CyrusOne, visit www.cyrusone.com.
About CyrusOne
CyrusOne is a leading global data center developer and operator specializing in delivering state-of-the-art digital infrastructure solutions across the globe. With more than 50 high-performance mission-critical facilities worldwide, the Company ensures the continued operation of digital infrastructure for nearly 1,000 customers, including approximately 200 Fortune 1000 companies.
CyrusOne’s leading global platform of hybrid-cloud and multi-cloud deployments offers customers colocation, hyperscale, and build-to-suit environments, which help enhance the strategic connections of their essential data infrastructures and support the achievement of sustainability goals. CyrusOne data centers offer world-class flexibility, enabling clients to modernize, simplify, and rapidly respond to changing demands. Combining exceptional financial strength, a broad global footprint, and continued investment in key digital gateway markets, CyrusOne provides the world’s largest companies with long-term stability and strategic advantage at scale. For more information, please visit cyrusone.com.
David Baum
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Becomes the First Display Company to Reach RE20
BILLERICA, Mass.--(BUSINESS WIRE)--E Ink Holdings Inc. (E Ink), the originator, pioneer, and global commercial leader in digital paper technology, today announced that by December 2022, the E Ink global operation and sales sites will have achieved RE20, where 20% of the energy used by the company is generated from renewable sources.
E Ink's factories and offices in Billerica, Fremont, and South Hadley in the United States, as well as sales offices in Tokyo, Japan, and Seoul, South Korea, have achieved the RE100 goal of using 100% renewable energy. In addition to actively introducing the use of renewable energy in its global sites, E Ink has optimized power consumption through highly efficient energy management systems to move towards the Company’s goals of Net Zero 2040 and RE100 by 2030 to address the challenges of climate change and to reduce greenhouse gas emissions.
E Ink’s original goal was to achieve using 10% of renewable energy (RE10) by 2022, 40% by 2025 (RE40), 100% by 2030 (RE100), and fulfill its commitment of Net Zero Carbon Emissions by 2040. To accelerate the implementation and use of renewable energy, E Ink has signed Power Purchase Agreements (PPA) and purchased Renewable Energy Certificates (REC). These efforts has contributed to the success of E Ink's reaching the milestone of RE20 ahead of schedule in 2022.
“At the end of 2021, E Ink pledged to reach Net Zero 2040 and RE100 2030, the two main goals to achieve environmental sustainability. Since then, E Ink has been actively examining its environmental indicators in global sites and assessing the greenhouse gas and energy consumption in our global operations and manufacturing sites. We have been improving energy efficiency and reducing energy consumption in manufacturing in our company. We have also been actively purchasing and using renewable energy from diversified sources to accelerate the realization of the goal to use 100% of renewable energy in global factories,” said Johnson Lee, CEO of E Ink Holdings.
E Ink believes that sustainable manufacturing and innovation can bring benefits to both the environment and shareholders. The company is committed to working with ecosystem partners to create and promote applications where E Ink’s low power consumption and energy-saving ePaper is an ideal fit. At the same time, E Ink is committed to joining international initiatives related to carbon reduction, including participating in international programs such as RE 100, EP 100, The Climate Pledge, and SBTi science-based targets. E Ink has adopted the TCFD framework to disclose financial impacts of climate-related risks and opportunities.
According to the evaluation of the Green Revenue 2.0 Data Model by FTSE Russell under the Energy Management Efficiency IT Process sub-sector, E Ink was identified as having 99.98% Green Revenue in 2021 and has contributed a positive impact on the environment and grown Green Revenue since 2020.
As part of this effort, E Ink has been studying the CO2 effects of displays using paper or LCD versus electronic paper (ePaper) displays. Findings have shown significant CO2 savings with the use of E Ink ePaper displays.
In addition to the environmental goals, E Ink is also focused on social good. E Ink joined hands with ePaper ecosystem partners and launched the "eReading for the Future - the eReader mobile library project". This program provides ePaper-based eReaders, along with content, for elementary and junior high school students. Kobo joined E Ink for this program to provide digital books for students. E Ink is planning to expand the program with more partners and customers to promote digital reading in schools with an ePaper-based eReaders that create less eye strain than other display technologies and which reduces paper usage.
With operations and business growing steadily, E Ink's demand for talent has also increased exponentially. As the leading company in the ePaper industry, E Ink has focused on attracting and retaining professional talents through a competitive salary structure and comprehensive benefits, and providing careers with global opportunities. E Ink has been actively recruiting like-minded talents to join the team to work together in advancing ePaper technology and expanding into applications of ePaper that are both smart and environmentally friendly.
About E Ink
E Ink Holdings Inc. (8069.TWO), based on technology from MIT’s Media Lab, provides an ideal display medium for applications spanning eReaders and eNotes, retail, home, hospital, transportation, logistics, and more, enabling customers to put displays in locations previously impossible. E Ink’s electrophoretic display products make it the worldwide leader for ePaper. Its low power displays enable customers to reach their sustainability goals, and E Ink has pledged using 100% renewable energy in 2030 and reaching net zero carbon emissions by 2040. E Ink is a member of the Climate Pledge, has joined the Science Based Targets Initiative (SBTi), and has been listed as one of the Asia-Pacific Climate Leaders by the Financial Times, Nikkei and Statista in 2022. Listed in Taiwan's Taipei Exchange (TPEx) and the Luxembourg market, E Ink Holdings is now the world's largest supplier of ePaper displays. For more information please visit www.eink.com. E Ink. We Make Surfaces Smart and Green.
E Ink:
Anna Halstead
Racepoint Global
617-624-3213
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The Xpansiv Proof of State process provides differentiation for Digital Fuels markets with site-level, continuous emissions monitoring data provided by Project Canary.
DENVER--(BUSINESS WIRE)--Project Canary, the data-driven foundation of the energy marketplace, has developed a process with Xpansiv, the global market infrastructure for environmental commodities, to publish verifiable climate attributes. Based on high-fidelity GHG emissions measurement, reporting, and verification (MRV) provided by Project Canary, the Xpansiv platform enables producers to productize climate attributes as registered standardized digital assets. This allows buyers to meet net-zero goals with verifiable environmental claims.
The global marketplace is raising the stakes on differentiated fuel—estimate-driven approaches alone will no longer suffice as buyers look for demonstrated methane-intensity measurements and other verifiable environmental attributes, such as water and land usage and community impacts. Xpansiv, with stakeholders spanning energy to financial services, has deep experience supporting and adopting next-generation standards and verification systems. The Xpansiv Registry's smart contract is based on an immutable ledger that contextualizes and validates data from multiple sources, including independent data refiners, certification providers, and standards organizations. This process, known as “Proof of State,” provides trust and transparency in the market.
Data from Project Canary environmental assessment scores and site-level continuous methane emissions monitoring (CEM) data will be stored in the Xpansiv Registry. The registry tracks custody of these assets from productization through retirement, enabling transparency in the Digital Fuels market. Xpansiv's CBL marketplace allows for the use of alternative registry platforms beyond Xpansiv’s own registry, maximizing liquidity and efficiency in the market.
"The expectations for data have evolved rapidly as the energy transition pushes on, and buyers are stepping up to demand additional fidelity for gas purchases,” said Jasmine Zhu, VP of Market Development at Xpansiv. “Differentiated fuel based on actual measurement and high-fidelity molecular data is here. Now. By relying on Project Canary to deliver verifiable climate attribute data, we're able to deliver on-demand and provide a clear path to differentiated fuels the market can trust."
"Buyers, financial institutions, and global operators all want the same thing—robust measurement and more verifiable data," said Will Foiles, Co-founder and COO of Project Canary. “Working with seasoned registry partners like Xpansiv, we're building an ecosystem of interoperable data to take the Responsibly Sourced Gas market to another level. The truth is in the data. Working with the right partners will power an RSG market that meets buyers' varied yet rigorous standards for differentiated molecules."
About Xpansiv
Xpansiv provides the market infrastructure and data platform for carbon, renewable, and digital energy commodities. These Intelligent Commodities bring transparency and liquidity to markets, empowering participants to value energy, carbon, and water to meet the challenges of an information-rich, resource-constrained world. The company’s main business units include CBL, the largest spot exchange for environmental commodities, including carbon, renewable energy certificates, and Digital Natural Gas; H2OX, the leading spot exchange for water; XSignals, which provides end-of-day and historical market data; EMA, the leading multi-registry portfolio management system for all environmental commodities; and APX, the leading provider of registry infrastructure for energy and environmental markets. Xpansiv is the digital nexus where sustainability and price signals merge. Xpansiv.com
About Project Canary
Project Canary® is an environmental data and software company that collects, analyzes, quantifies, and visualizes asset-level environmental risk assessments and emission profiles. As a measurement, reporting, and verification (MRV) solution, the Canary SENSE™ Platform integrates a networked sensor canopy, including 3rd party sensor data and assessment scores, to provide independently verifiable climate attribute data for upstream, midstream, and CCS (carbon capture and sequestration) projects. Project Canary’s insights help energy organizations improve performance, manage risks, and deliver auditable decarbonization data. Formed as a Public Benefit Corporation, the U.S. Colorado-based team includes scientists, engineers, and industry operators focused on the path to True Zero™.
projectcanary.com
Media Contact
Diana Kaul
Project Canary
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SPARTANBURG, S.C.--(BUSINESS WIRE)--AFL announces the addition of Jaxon Lang as Chief Operating Officer, effective January 1, 2023. Lang will report directly to Jody Gallagher, President and CEO of AFL.
In this role, Lang will oversee AFL’s operational performance worldwide. He will focus on leading the company through business transformations while managing the supply chain, commercial sales, marketing and customer service divisions across AFL's five core markets.
“With over 25 years of experience in the telecommunications industry, Jaxon brings a wealth of knowledge in sales, marketing, product engineering, product management and operations to AFL,” said Gallagher. “Throughout his career, Jaxon has demonstrated the ability to successfully lead and manage businesses through transformations and guide companies through mergers and acquisitions. His broad range of experiences, strong industry knowledge and contacts will assist AFL and Fujikura in the future growth of the business.”
Lang joins AFL from FiberRise where he served as the President and CEO leading the company through an acquisition with ENTRUST Solutions Group.
“AFL has proven itself as an industry leader,” said Lang. “I'm looking forward to helping the company reach its long-term goals and its full potential by strengthening its core business operations.”
For additional information on AFL, its products and services, visit www.AFLglobal.com.
About AFL
Founded in 1984, AFL is an international manufacturer providing end-to-end solutions to the energy, service provider, enterprise, hyperscale and industrial markets. The company’s products are in use in over 130 countries and include fiber optic cable and hardware, transmission and substation accessories, outside plant equipment, connectivity, test and inspection equipment, fusion splicers and training. AFL also offers a wide variety of services supporting data center, enterprise, wireless and outside plant applications.
Headquartered in Spartanburg, SC, AFL has operations in the U.S., Mexico, Canada, Europe, Asia and Australia, and is a wholly owned subsidiary of Fujikura Ltd. of Japan. For more information, visit www.AFLglobal.com. Follow us on LinkedIn, Twitter, Facebook, and read our blog.
Bailey Verreault | Public Relations Specialist
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New Machining Technology to Boost Output 50-60%
KENNESAW, Ga.--(BUSINESS WIRE)--Unibloc Hygienic Technologies, Inc. (UHT), a global leader in hygienic positive displacement pumps, AODD pumps, drum pumps, and other flow control products, has expanded production capacity at its Bolney, UK facility with a significant investment in additional machining technology. The investment continues UHT’s ongoing strategy of increasing production capacity to reduce production lead times and improve customer service.
UHT recently commissioned a new Matsuura H. Plus-405 PC12 horizontal CNC machining center. The Matsuura is a 12-pallet, four-axis machining center offering the capacity to replace three older machines with one, while increasing productivity. UHT selected this technology for its remote monitoring capabilities and advanced automation. The machine can run 24/7, allowing the facility to increase its capacity by 50-60% while occupying the same plant footprint as the previous machines.
“Our Bolney workforce consists of highly skilled CNC machinists,” said Chris Stevens, UHT CEO. “Adding this machine helps leverage their experience and knowledge while automating repetitive processes that are highly detailed and time-consuming. We selected the 12-pallet machine for its ability to stack work runs and then run autonomously. We will use the Matsuura to machine shorter-run custom parts during the daytime shift and then machine longer production runs during evenings and weekends.”
Councillor Howard Mundin, the Mayor of Haywards Heath Town Council and Councillor Victoria Hawken, the Vice-Chair of Bolney Parish Council, attended a ribbon cutting ceremony on December 7th.
“I’d like to congratulate Unibloc and their great local workforce on this major investment,” said Mayor Mundin. “It’s wonderful to see a progressive business like Unibloc, a pillar in our community, continuing to contribute to the area’s economic growth and technical development.”
UHT also recently invested in two new state-of-the-art lathes for the Bolney facility, with anticipated deliveries in January and June of 2023. The new equipment increases machining accuracy, speed, and reliability.
“Our ongoing investments enable us to adhere to a strategy of constant improvement that overcomes supply chain challenges and provides quick deliveries. Our focus centers on customer responsiveness coupled with the assurance they will receive the highest quality hygienic flow control equipment,” said Stevens. “Building our in-house machining capabilities helps us better serve our customers with great quality and industry-leading lead times.”
The Bolney facility is known as the location where the Flotronic ‘One-Nut’ Pump was pioneered, featuring a single-nut diaphragm design. This design significantly reduces process downtime by simplifying pump assembly/disassembly and providing savings in operating costs, along with best-in-class performance. The Flotronic One-Nut pump serves more than 1,000 companies worldwide, including iconic brands in food and beverage, consumer product goods, cosmetics, pharmaceuticals, and other critical process manufacturing operations. The workforce in Bolney has expanded by 15% in the last year and as capacity increases, the company anticipates adding more staff.
Click here for high resolution image of the machine.
About Unibloc Hygienic Technologies
An industry leader in flow control technology and performance, Unibloc Hygienic Technologies offers precision-engineered positive displacement pumps, AODD pumps, drum pumps, and other highly engineered products for demanding hygienic flow control applications. UHT serves a variety of hygienic industries, including food, beverage, bakery/confection, meat and poultry, brewery, pharmaceutical, and transportation, under the Unibloc, Flotronic, Standard Pump, and Hygenitec subsidiary brands. UHT’s highly efficient, easy-to-maintain products help customers fight downtime, achieve a lower cost of operation, and meet deadlines with confidence. Learn more at www.unibloctech.com.
Chris Ilcin
440-914-4700
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AUSTIN, Texas--(BUSINESS WIRE)--#CleanEnergy--40 electric providers, including many cooperatives, are implementing CLEAResult’s Rooftop Solar Assessment tool to make the decision-making process of purchasing home solar easier and more customized for their customers. The online assessment is the latest energy education innovation from electric vehicle resource leader ChooseEV, which CLEAResult acquired in May to expand the company’s growing energy transition practice within the CLEAResult ATLAS™ platform.
Utilities can customize the Rooftop Solar Assessment with local rates, specific metering models and more to fit the real-world decisions people in their communities are facing. Energy providers can also deliver alternative options for customers to reduce carbon emissions when solar is not a viable option, such as community solar or other green power programs.
“Electric providers want their communities to be properly informed about their energy decisions, especially solar,” said CLEAResult’s ChooseEV Director, Ben Yenter. “Our online assessment simplifies the conversation. People answer a few quick questions, get personalized savings and payback estimates, and can then have informed discussions to decide what’s best for them."
Purchasing residential solar can be a tricky process to navigate. The tool is designed to empower electric providers to offer customers custom-tailored information on how rooftop solar will impact their future bills—an important detail that solar installers often overlook or misrepresent.
CLEAResult is finding interest across the country from utilities of all sizes and fully expects to onboard over 100 providers by early 2023. Co-ops and other utilities with close relationships to their communities have been the fastest first adopters.
“Providing utilities with technology and data that helps them build stronger relationships with the communities they serve is what it’s all about,” Divakar Jandhyala, CLEAResult’s Chief Product and Technology Officer emphasized. “People can finally make decisions based on real data, and our clients can guide them better because of it.”
ChooseEV continues to integrate and grow its offering as part of CLEAResult ATLAS™, the company’s comprehensive platform for Energy Efficiency, Energy Transition and Decarbonization solutions. The Rooftop Solar Assessment was designed with the same philosophy as the popular EV education tool currently being used by over 400 energy providers—it translates complex technical concepts into easy-to-follow examples that everyone can understand.
CLEAResult’s Rooftop Solar Assessment is available for customers of participating utilities in Washington, Arizona, Minnesota, South Carolina and Indiana. “People in Florida, Virginia, Alabama and elsewhere can look forward to seeing the tool available in their states soon,” says Yenter.
Visit www.clearesult.com/technology to request a fully configurable demo of the Rooftop Solar Assessment.
About CLEAResult
CLEAResult is the largest provider of energy efficiency, energy transition, and decarbonization solutions in North America. Since 2003, our mission has been to change the way people use energy. Today, our experts lead the transition to a sustainable, equitable, and carbon-neutral future for our communities and our planet. Our hometown teams collaborate with a diverse network of local partners to deliver world-class technology and personalized services that make it easy for commercial and industrial businesses, governments, utilities and residential customers to reduce their energy use and carbon footprint. CLEAResult is headquartered in Austin, Texas, and has over 2,400 employees in more than 60 cities across the U.S. and Canada. CLEAResult is majority owned by TPG through its middle market and growth equity investment platform TPG Growth and its multi-sector global impact investing strategy The Rise Fund.
Explore all our energy solutions at clearesult.com.
Follow us on: Facebook | LinkedIn | Twitter | Instagram
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Amber Tester
Director Corporate Communications
Seasoned Energy and Software Executive Rachel Collins to Lead Next Phase of Growth and Innovation
TULSA, Okla.--(BUSINESS WIRE)--W Energy Software, a leading provider of cloud-based accounting and Enterprise Resource Planning (ERP) software for enterprise and mid-market energy customers and across the value chain of multiple energy commodities, today announced the hiring of Rachel Collins as Chief Executive Officer, effective immediately. Mike Crest will transition to Executive Chair.
As an operator and executive, Collins has spent 25 years in energy and software. She was recently Vice President and General Manager at Insite360, an integrated cloud platform for retail fuel and convenience. Previously, Collins was General Manager and Senior Vice President at Aurea Software. She managed several acquisitions and helped build a global software platform with over half a billion in revenue. Additionally, Collins was responsible for operations at Jive Software, Aurea’s largest take private, and the FedRAMP program. She brings a breadth of experience and knowledge in guiding companies toward accelerated stages of growth.
“I’m honored to have the opportunity to expand upon W Energy's accomplishments over the past decade to become the industry’s leading energy-centric cloud ERP platform. I am incredibly excited to work with our team to move into this next phase of breakthrough growth quickly and successfully. Additionally, I'd like to express my gratitude to Mike Crest for his work thus far in setting clear direction and establishing a strong foundation with customers and our team. Today’s energy market is rapidly evolving with its highest-value providers needing greater visibility into their operations. W Energy is uniquely positioned to be the market leader in offering that level of transparency into their field and back-office operations.”
Crest will remain a vital part of the company in aiding this transition and being an active member of W Energy’s board. “I am thrilled to have been part of W Energy’s continued growth and look forward to working closely with Rachel as we accelerate our mission to scale the company and lead it into what promises to be an exciting future across the energy industry,” said Mike Crest, W Energy Executive Chair, Board Member, and True Wind Capital Operating Executive.
Sean Giese, W Energy Board Member, and Partner at True Wind Capital added, “Rachel’s experience leading software organizations and working with customers to address their critical business needs uniquely qualifies her to guide the strategic vision of W Energy. We look forward to partnering with Rachel and are thrilled to have her lead the company in this next phase of growth and innovation.”
The announcement comes amidst rapid customer growth and strategic product expansion at W Energy, including the acquisition of Seven Lakes. The acquisition extended the company’s offerings into Field Data Gather and Production Accounting; this functionality transformed W Energy’s offerings into a comprehensive solution native to the cloud, seamlessly linking back-office workflows and ERP directly with AI-optimized field operations.
Headquartered in Tulsa, Oklahoma, W Energy Software offers the energy industry a unified ERP solution built for the cloud that is relied on by some of the largest and most distinguished brands in upstream and midstream companies to accelerate business performance, improve operational efficiency, and reduce costs. W Energy Software combines precision-built software in one extendable cloud-based workspace with an intimate understanding of the energy business to deliver solutions that offer flexibility, affordability, and continuous upgrades. With W Energy Software, energy companies stay lean and agile with the tools they need to adapt to market changes and meet evolving customer needs head-on, all while gaining the confidence that their business is running on the latest technology. W Energy Software’s investors include True Wind Capital and M33 Growth. For more information, please visit www.wenergysoftware.com.
W Energy Software
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Leader in concentrated solar thermal power (CSP) aims to integrate sodium-ion batteries to maximize energy storage performance
SYDNEY, Australia & SANTA CLARA, Calif.--(BUSINESS WIRE)--Vast Solar Pty Ltd. (Vast), an Australian company and leading developer of concentrated solar thermal power (CSP) technology, today announced a collaboration with Natron Energy, Inc. ("Natron"), a global leader in the manufacturing of sodium-ion batteries.
This collaboration includes a Letter of Intent (LOI) to purchase up to 13,500 units of Natron's sodium-ion batteries for use on Vast Solar 2 (VS2) in Mount Isa. The 50 megawatt (MW) North West Queensland Hybrid Power Project combines a solar photovoltaic system for daytime power generation, CSP thermal storage for nighttime supply, and large-scale batteries and gas engines for grid firming. The integrated hybrid generator will deliver uninterrupted power 24 hours a day.
VS2 will follow VS1, Vast Solar’s first utility-scale CSP project, which is being developed in Port Augusta, South Australia, and has received Australian Government backing of up to AUD$110 million in concessional finance.
Vast Solar and Natron will make information and data collected during the Mount Isa project available to both companies while they also evaluate future projects. Vast Solar has a strong project pipeline and is working on expanding it across key markets in Australia, USA, the Middle East, Europe and Latin America.
Integrating energy storage solutions helps overcome intermittency challenges of renewable baseload power, providing immediate energy when it’s needed. Vast Solar's Australian-made modular tower CSP technology generates clean, low-cost, dispatchable power, capturing and storing the sun's energy during the day to generate industrial process heat and electricity. The process works by reflecting sunlight by the heliostats (mirrors); the concentrated sunlight heats up the sodium as it passes through receivers; heat is transferred from sodium to the molten salt heat transfer fluid, and stored in hot salt tanks. The resulting heat can be converted into electricity as needed.
In sunny locations, CSP will play an important role in the decarbonization of power markets and in enabling increased penetration of variable renewable energy technologies such as photovoltaics and wind. With an overall objective of developing a sustainable power sector that enables renewables as a baseload, there is strong alignment between Natron and Vast Solar.
Natron's batteries, which store sodium ions in electrode materials based on Prussian blue materials, offer higher power density, longer service life, and unique safety characteristics over other battery technologies. Natron leverages existing lithium-ion manufacturing facilities for production, and its supply chain requires zero lithium, cobalt, copper, nickel, or other difficult-to-obtain minerals.
Collaboration to drive decarbonization in the energy and power industries
In October, Vast Solar announced its role in a consortium that received US$2.3 million from the U.S. Department of Energy Solar Energy Technologies Office to develop and test designs of molten salt thermal energy storage tanks.
This commitment adds to Natron's significant investment portfolio, which includes a strategic equity investment from United Airlines Ventures and other 2022 investments from Mercuria Holdings Co., Ltd., Liberty Energy, Inc., and Nabors Industries Ltd.
Management Comments
Craig Wood, Vast Solar Chief Executive Officer, said: "Natron's sodium-ion battery technology enables Vast Solar to maximize generation while sustaining baseload capacity and providing around-the-clock power. Supplementing our CSP capabilities with Natron's sodium-ion energy storage will enable us to achieve dependable, zero-emission power."
Colin Wessells, Natron Co-Founder and CEO, added: "We are excited to advance this collaboration with Vast Solar. Using Natron's batteries to supplement CSP power generation will enable Vast Solar to increase reliability and produce a steady stream of clean electricity."
Guillermo Sierra, Nabors Vice President, Strategic Initiatives – Energy Transition, said: "The need for reliable, affordable, and environmentally responsible energy storage solutions is greater than ever before, and Nabors' commitment to the energy transition is seated in the diversification of energy sources. We are excited to watch our investment in Natron take root in additional power generation projects. Vast Solar is a leader in CSP and the addition of Natron's technology will accelerate the commercialization and scalability of clean, safe power."
About Vast Solar
Vast Solar is an Australian CSP technology developer. Its innovative modular tower solar array combines the best elements of molten salt towers and parabolic trough systems to deliver the world's lowest-cost, dispatchable, renewable energy for hot, dry climates.
Vast Solar's groundbreaking modular tower CSP technology, which was proven at its Pilot Plant in Jemalong, New South Wales, was awarded the International Energy Agency's SolarPACES Technical Innovation Award in 2019. The company was recently shortlisted as one of the finalists in Bloomberg New Energy Finance's Pioneers 2022 program, which recognises a global group of game-changing technologies.
Vast Solar is currently developing two CSP projects in Australia: the 30MW VS1 in Port Augusta, South Australia; and the 50MW VS2 baseload solar hybrid in Mount Isa, Queensland.
Learn more about Vast Solar and its concentrated solar thermal power technologies: vastsolar.com
About Natron Energy
Natron Energy manufactures sodium-ion battery products based on a unique Prussian blue electrode chemistry for a wide variety of industrial power applications ranging from critical backup power systems to EV fast charging and behind-the-meter applications. Natron's mission is to transform industrial and grid energy storage markets by providing customers with lower-cost, longer-lasting, more efficient, safer batteries. Natron's products are UL 1973 listed, offer higher power density, faster recharge, and significantly longer cycle life than incumbent technologies. Natron builds its batteries using commodity materials on existing cell manufacturing lines in Michigan, USA. Learn more about Natron and its sodium-ion technology: natron.energy.
Vast Solar Media Contact:
Nick Albrow
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P: +61 408 681 499
Natron Media Contact:
Susan Bruns
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NORTH CHARLESTON, S.C.--(BUSINESS WIRE)--Ingevity Corporation (NYSE:NGVT) today announced it has been recognized on Newsweek Magazine’s list of America’s Most Responsible Companies 2023. The award recognizes the top 500 most responsible companies in the United States (US), spanning 14 industries.
Ranked 58 of 500, this recognition marks Ingevity’s debut on Newsweek’s annual list. The company ranked 10th in the Materials and Chemicals category and was number one among public companies based in South Carolina.
America’s Most Responsible Companies were screened from a pool of the top 2,000 public companies by revenue with headquarters in the US and ranked based on publicly available key performance indicators (KPIs) as well as an independent survey. The KPIs focused on company performance in the environmental, social and corporate governance areas, while the independent survey asked citizens about their perception of company activities related to corporate social responsibility. Statista, a leading global provider of market and consumer data, provided the analysis for Newsweek.
“I am proud of the work our team has done to earn recognition on Newsweek’s list of America’s Most Responsible Companies 2023,” said Ingevity president and CEO, John Fortson. “Ingevity was founded with a purpose to create renewably sourced products that safeguard the health of our world, and this award publicly affirms the positive impact of our 100-year sustainability legacy as well as the environmental, social and corporate governance contributions we are making in support of the United Nations (UN) Sustainable Development Goals (SDGs).”
Ingevity joined the UN Global Compact as a participant in 2022, affirming the company’s alignment with the ten universally accepted principles for human rights, labor, environment and anti-corruption, and committing to responsible business actions that support the SDGs. Information on Ingevity’s environmental, social and governance initiatives and the UN SDGs can be found on the company’s website and in the annual sustainability report.
Ingevity: Purify, Protect and Enhance
Ingevity provides products and technologies that purify, protect and enhance the world around us. Through a team of talented and experienced people, we develop, manufacture and bring to market solutions that help customers solve complex problems and make the world more sustainable. We operate in two reporting segments: Performance Chemicals, which includes specialty chemicals and engineered polymers, and Performance Materials, which includes high-performance activated carbon. These products are used in a variety of demanding applications, including adhesives, agrochemicals, asphalt paving, bioplastics, coatings, elastomers, lubricants, pavement markings, publication inks, oil exploration and production and automotive components that reduce gasoline vapor emissions. Headquartered in North Charleston, South Carolina, Ingevity operates from 31 locations around the world and employs approximately 2,050 people. The company’s common stock is traded on the New York Stock Exchange (NYSE:NGVT). For more information visit www.ingevity.com.
Caroline Monahan
843-740-2068
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Investors:
John Nypaver
843-740-2002
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DUBLIN--(BUSINESS WIRE)--The "Hydrogen Powered Engine Market By Installation, By Technology, By Application, By Propulsion: Global Opportunity Analysis and Industry Forecast, 2030-2040" report has been added to ResearchAndMarkets.com's offering.
The hydrogen powered engine market is expected to be valued at $34.7 billion in 2030, and is estimated to reach $87.3 billion by 2040, growing at a CAGR of 10.4% from 2031 to 2040.
Hydrogen engine is a type of zero-emission engine that uses hydrogen as fuel to power its propulsion or auxiliary systems. The fuel cell vehicles, such as cars, trains, aircrafts, and others, which are equipped with fuel cell units to utilize hydrogen & air, propel the vehicles in an environmentally viable manner.
These vehicles hold tremendous potential owing to their ability to replace the high carbon generation fleets with their zero-tailpipe emission design. It is also equipped with a hydrogen refueling tank to trigger an electrochemical reaction to generate the electricity required to run the vehicle. In these vehicles, the chemical energy of the fuel is converted directly into electric energy. In recent years, fuel cell vehicles are being considered as a viable transportation option due to their power capacity and long distance range.
Moreover, rise in investments by industry players in R&D, product innovation, and technological advancements are expected to boost the hydrogen powered engine market in the future. With the advancement in technology, the hydrogen powered vehicles are gaining popularity due to their emission free features. Also, there are numerous companies that are in the process of developing better and efficient hydrogen powered engines for vehicles, which eventually leads to the growth of the hydrogen powered engine market.
The hydrogen powered engine market is segmented basis of installation, technology, application, propulsion, and region. By installation, it is divided into OEM and retrofit. By product, it is segmented into proton membrane exchange, phosphoric acid fuel cell, and others. By application, it is divided into railways, airways, roadways, and marine. By propulsion, the market is divided into hybrid and electric. By region, the market is analyzed across North America, Europe, Asia-Pacific and LAMEA.
KEY BENEFITS FOR STAKEHOLDERS
Key Market Segments
By Installation
By Technology
By Application
By Propulsion
By Region
Key Topics Covered:
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: HYDROGEN POWERED ENGINE MARKET, BY INSTALLATION
CHAPTER 5: HYDROGEN POWERED ENGINE MARKET, BY TECHNOLOGY
CHAPTER 6: HYDROGEN POWERED ENGINE MARKET, BY APPLICATION
CHAPTER 7: HYDROGEN POWERED ENGINE MARKET, BY PROPULSION
CHAPTER 8: HYDROGEN POWERED ENGINE MARKET, BY REGION
CHAPTER 9: COMPANY LANDSCAPE
CHAPTER 10: COMPANY PROFILES
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/l61zvh
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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GREENEVILLE, Tenn.--(BUSINESS WIRE)--Forward Air Corporation (NASDAQ: FWRD) (the “Company”, “Forward”, “we”, “our”, or “us”) today provided the following key Expedited Freight Operating statistics for the quarter-to-date period through November 2022. Shipments per day increased 2.4%, revenue per hundredweight increased 14.7%, while pounds per day decreased 11.9% and weight per shipment decreased 14.0% over the same period last year.
Tom Schmitt, Chairman, President and Chief Executive Officer of Forward Air commented: "Our focus on high-value freight, operated in an efficient operating environment, priced accordingly and offered to an increasing customer set is getting traction. The effectiveness of initiatives to bring our live events business back, sell to customers who do not use value-added intermediaries and, most of all, enable our core customers who know us best to win more high-value freight, stand out as evidenced by the increase in the number of shipments we handled during the period.
At the same time, our customers and we are experiencing what we believe is a temporary but significant softening in the freight environment, with shipments significantly lighter due to 20% fewer pieces per shipment.
We continue investing in our service, which is leading the industry with best on-time performance and lowest damages crucial for time-sensitive, high-value freight. To continue funding our investments in support of our customers, we are announcing a General Rate Increase of 5.9% effective February 6, 2023. Finally, we continue to be laser-focused on our Grow Forward initiatives that include building out our terminal footprint organically and in-organically, and as a result, we expect that these initiatives will outweigh the tremendous short-term headwinds, and we reiterate our expectation in a record 2022 and our target to top it in 2023."
The Company’s expectations regarding the Company’s performance in the fourth quarter and in any future period are based on information available at the time of this release, and are subject to changing conditions, many of which are outside of the Company’s control.
About Forward Air Corporation
Forward Air is a leading asset-light provider of transportation services across the United States and Canada. We provide expedited less-than-truckload (“LTL”) services, including local pick-up and delivery, shipment consolidation/deconsolidation, warehousing, and customs brokerage by utilizing a comprehensive national network of terminals. In addition, we offer final mile services, including delivery of heavy-bulky freight, truckload brokerage services, including dedicated fleet services; and intermodal, first-and last-mile, high-value drayage services, both to and from seaports and railheads, dedicated contract and Container Freight Station warehouse and handling services. We are more than a transportation company. Forward is a single resource for your shipping needs. For more information, visit our website at www.forwardaircorp.com.
This press release may contain statements that might be considered as forward-looking statements or predictions of future operations including with respect to the Company’s performance for the fourth quarter of 2022 and fiscal year 2023. Such statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and are based on management’s belief or interpretation of information currently available. These statements and assumptions involve certain risks and uncertainties including that the Company’s performance in the fourth quarter of 2022 is worse than anticipated. Actual events may also differ from these expectations as a result of the risks identified from time to time in our filings with the Securities and Exchange Commission. We assume no duty to update these statements as of any future date.
Forward Air Corporation
Brandon Hammer, 423-636-7173
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COLUMBUS, Ohio--(BUSINESS WIRE)--Battelle is leading a strong industry coalition across Ohio, West Virginia, Pennsylvania, and Kentucky called ARCH2 intended to bring together producers, end-users, world-class technology experts, and necessary infrastructure to advance the production, use, and delivery of hydrogen in Appalachia.
Ohio now joins the State of West Virginia, EQT Corporation, the nation’s largest natural gas producer, Battelle and GTI Energy, both with deep expertise executing clean energy programs for the federal government, and Allegheny Science & Technology (AST), a leading West Virginia energy technology consulting firm on the initiative.
“Ohio continues to support efforts to lead in the innovation of new technology, including the clean hydrogen market,” said Ohio Governor Mike DeWine. “My administration will continue to support these efforts so that Ohioans may share in the benefits from the development of hydrogen as part of the country’s long-term energy strategy.”
ARCH2 is expected to be a major economic and environmental investment that will benefit the entire Appalachia region. The region is the ideal location for a clean hydrogen hub, due to its unique access to ample low-cost natural gas feedstock, end-user demand, workforce and technology capability, and carbon sequestration potential.
“ARCH2 will be a key foundational component of America’s transition toward decarbonization and we appreciate the support from the DeWine administration and leaders in our business community throughout the state,” said Battelle President and CEO Lou Von Thaer.
“The Ohio Chamber of Commerce is proud to support the proposal for funding ARCH2,” said Ohio Chamber CEO Steve Stivers. “Due to our vast natural resources and manufacturing opportunities, Ohio amplifies the impact of ARCH2 as a clean hydrogen hub. Converting carbon emissions into hydrogen is critical in our efforts to have both reliable and clean energy and in establishing the Buckeye State as a leader for next-generation hydrogen jobs.”
The Appalachian region provides significant existing resources for ARCH2, including the critical infrastructure required for low-cost natural gas production and storage, existing pipelines and transportation networks, and vast end-use markets across Appalachian as well proximity to end-use markets in the Midwest and Northeast. The region also boasts a highly skilled energy workforce—as well as support from labor organizations, environmental non-profits, academic institutions, and community stakeholders—all of which will be integral to project development and associated job retention and creation, particularly in disadvantaged and underserved communities.
“As energy technology rapidly evolves, it is crucial for Ohio’s workforce and economic development that our energy infrastructure evolves too. The ARCH2 hydrogen hub is a perfect example of diversifying our energy portfolio, and doing so with clean energy,” said Pat Tiberi, President and CEO of the Ohio Business Roundtable. “I applaud Governor DeWine’s Administration for its support of this project, as well as Battelle for its leadership in convening this partnership to ensure that Ohio remains a leader when it comes to innovation technology.”
“The diversity of Ohio’s manufacturing industry that can utilize hydrogen as a fuel source is No. 1 in the Midwest, and natural gas production in Ohio, West Virginia and Pennsylvania is leading the U.S.,” said JobsOhio president and CEO J.P. Nauseef. “Collaborations with Ohio companies have led world-changing innovations for generations, making Ohio an ideal destination for this hydrogen hub.”
The ARCH2 team is composed of entities with operations across the Appalachian region spanning the hydrogen value chain as well as energy technology organizations, including the National Energy Technology Laboratory, consultants, academic institutions, community organizations, and NGOs that will provide commercial, technical, and programmatic leadership for the development and buildout of the hub.
Additional support comes from leaders of the Ohio Clean Hydrogen Hub Alliance (OH2Hub) which announced in October that it will actively participate in the campaign to establish and secure funding for ARCH2. The OH2Hub includes 200 public and private entities.
About Battelle
Every day, the people of Battelle apply science and technology to solving what matters most. At major technology centers and national laboratories around the world, Battelle conducts research and development, designs and manufactures products, and delivers critical services for government and commercial customers. Headquartered in Columbus, Ohio since its founding in 1929, Battelle serves the national security, health and life sciences, and energy and environmental industries. For more information, visit www.battelle.org.
Katy Delaney
(614) 424-7208
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T.R. Massey
(614) 424-5544
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HOUSTON--(BUSINESS WIRE)--The Port Commission of the Port of Houston Authority met on Tuesday, December 6, for its last regular meeting of the year. Chairman Ric Campo opened the meeting by expressing his appreciation to all involved for Port Houston’s “amazing year.”
Chairman Campo stressed the imperativeness of “getting the message out to the community” about the importance of Port Houston as an essential economic engine to the region, state, and nation, providing the capacity to deliver more cargo, “which means more jobs and a more robust economy.”
Chairman Campo also expressed his appreciation to community advocates for their continued interest in Port Houston. He assured them that the Port Commission and staff “listens intently” to their interests and concerns, including close consideration in Port Houston’s Sustainability Action Plans.
In support of Port Houston’s corporate goals as envisioned by the Port Commission, the Chairman proudly announced publication of the 2022 updates to its Environmental, Social, Safety, and Governance (ES2G) Report. The ES2G Report outlines Port Houston’s initiatives, action plans, and goals in all four areas.
“It’s a journey, not a destination,” Campo said regarding the report, underscoring Port Houston’s commitment to lead, partner, or support sustainability efforts. In line with that commitment, he also announced its forthcoming participation, along with other agencies and organizations, in a Small, Minority, and Woman-owned Business Enterprise Summit, to be held in January of 2023.
Executive Director Roger Guenther opened his remarks by leading an ovation with staff for the Port Commission’s “leadership and guidance” of another successful year at Port Houston. While it was a bit too early for a cargo volume report for the full year of 2022, he could emphasize that Port Houston is “doing the right thing for its continued investments, to be prepared for continued growth.”
Among other actions, in line with its commitment to sustainability, the Port Commission awarded a contract to the Houston Audubon Society for the monitoring and management of waterfowl on two islands near Port Houston’s container terminals.
The Port Commission will next meet on January 26, 2023 for its first regular monthly meeting.
About Port Houston
For more than 100 years, Port Houston has owned and operated the public wharves and terminals along the Houston Ship Channel, including the area’s largest breakbulk facility and two of the most efficient container terminals in the country. Port Houston is the advocate and a strategic leader for the Channel. The Houston Ship Channel complex and its more than 200 public and private terminals, collectively known as the Port of Houston, is the nation’s largest port for waterborne tonnage and an essential economic engine for the Houston region, the state of Texas and the U.S. The Port of Houston supports the creation of nearly 1.35 million jobs in Texas and 3.2 million jobs nationwide, and economic activity totaling $339 billion in Texas – 20.6 percent of Texas’ total gross domestic product (GDP) – and $801.9 billion in economic impact across the nation. For more information, visit the website at PortHouston.com.
Lisa Ashley-Daniels, Director, Media Relations, Office: 713-670-2644; Mobile: 832-247-8179; E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
DUBLIN--(BUSINESS WIRE)--The "Global Space-Based Solar Power Market Size, Trends and Growth Opportunity, By Solar Satellite Type, Application, By Region and Forecast Till 2027." report has been added to ResearchAndMarkets.com's offering.
The global Space-Based Solar Power Market was valued at US$455 million in 2021 and it is expected to reach at US$821 million in 2027 at a CAGR of 8.05% during forecast period 2022-2027.
Solar power systems that use solar panels in space to produce solar energy can also be used to transmit that energy to the earth using satellite systems that transmit microwave and laser signals. Space-based solar power has been linked to a number of advantages. For instance, it does not release radioactive radiation, aids in the production of clean baseload power, or cools equipment.
Market Drivers
The space-based solar power market is anticipated to grow as awareness of solar energy usage and the advantages of using solar power from space rather than solar power from the earth increases.
Additionally, the use of renewable energy sources will promote the development of industry. Rapid urbanization and growing public knowledge of the advantages of solar energy use are further factors that will support the market's expansion.
Market Restraints
The hefty initial investment required for space-based solar generation has hampered its growth rate. In addition, space-based solar energy presents some additional logistical difficulties. The high cost of solar power generated in space, as well as installation and maintenance costs and transit costs. As a result, the cost restrictions will pose a serious obstacle to the growth of the market for space-based solar power.
Market Segmentation
The global space-based solar power market is segmented into solar satellite type and application. By solar satellite type it segmented into microwave transmitting solar satellite, laser transmitting solar satellite. By application it segmented into electricity generation, space applications.
Regional Analysis
The global space-based solar power market segmented into five regions North America, Europe, Latin America, Asia Pacific, Middle East and Africa. Due to increased awareness of solar energy use and its benefits in extracting solar power from space rather than earth-based solar power in this region, Asia-Pacific currently holds a dominant market share and revenue position in the space-based solar power industry.
Market Taxonomy
By Solar Satellite Type
By Application
Key Question Addressed by the Report
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Global Space-Based Solar Power Market Outlook
5 Global Space-Based Solar Power Market, By Solar Satellite Type
6 Global Space-Based Solar Power Market, By Application
7 Global Space-Based Solar Power Market, By Region
8 North America Space-Based Solar Power Analysis and Forecast (2022-2027)
9 Europe Space-Based Solar Power Market Analysis and Forecast (2022-2027)
10 Asia Pacific Space-Based Solar Power Market Analysis and Forecast (2022-2027)
11 Latin America Space-Based Solar Power Market Analysis and Forecast (2022-2027)
12 Middle East Space-Based Solar Power Market Analysis and Forecast (2022-2027)
13 Competitive Analysis
14 Company Profiles
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/1kxttw
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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ARLINGTON, Va.--(BUSINESS WIRE)--Cadmus, a leading provider of technical and strategic expertise to governments, energy utilities, and private sector companies worldwide, announced Christina Becker-Birck, Cadmus’ vice president of international programs, has been appointed to the U.S. Department of Commerce’s seventh charter of its Renewable Energy and Energy Efficiency Advisory Committee (REEEAC).
Becker-Birck is a recognized leader in the clean energy, climate resilience, and international development spaces. She has over 15 years of experience working closely with national governments, financial institutions, and companies in jurisdictions around the world on strategies and programs to reduce private sector investment barriers. She possesses deep expertise in the North American, Caribbean, and African markets.
“The United States clean energy sector brings a broad and diverse array of technologies, capabilities, and creative solutions which all play a critical role in helping to achieve global climate goals,” said Becker-Birck. “The committee brings together the field’s leading private sector experts dedicated to strengthening the export competitiveness of our nation’s clean energy sector. I am honored to be appointed to support this important work.”
REEEAC is the only federal advisory committee focused on the export competitiveness of the United States renewable energy and energy efficiency sector. Through the committee, Becker-Birck will be advising the secretary of commerce on the development and administration of programs and policies to advance these goals. Terry Fry, senior vice president of energy services at Cadmus, served as an appointed advisor on REEEAC from 2010 to 2022.
“Christina’s exceptional insights on clean energy and resilience policy have benefitted our clients and communities around the world,” said President and CEO Ian Kline. “Her meaningful contributions with REEEAC will support the long-term growth of the United States’ clean energy economy.”
About Cadmus
Cadmus is a strategic and technical consultancy compelled to help solve the world’s most challenging problems. We assemble outstanding teams of leading experts leveraging transformative technologies to work seamlessly across disciplines to help you achieve extraordinary results. From energy, water, and transportation to safety, security, and resilience—together, we are strengthening society and the natural world. Cadmus’ more than 700 consultants serve government, commercial, and nongovernmental organizations around the world. For more information, visit www.cadmusgroup.com.
Helle Huxley, CMO
The Cadmus Group LLC
Tel: (240) 204-6200
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TORONTO--(BUSINESS WIRE)--Superior Plus Corp. (“Superior”) (TSX:SPB):
December 2022 Cash Dividend - $0.06 per share
Superior Plus Corp. (“Superior”) today announced its cash dividend for the month of December 2022 of $0.06 per share payable on January 16, 2023. The record date is December 31, 2022, and the ex-dividend date will be December 29, 2022. Superior’s annualized cash dividend rate is currently $0.72 per share. This dividend is an eligible dividend for Canadian income tax purposes.
About the Corporation
Superior is a leading North American distributor and marketer of propane and distillates and related products and services, servicing approximately 890,000 customer locations in the U.S. and Canada.
For further information about Superior, please visit Superior’s website at: www.superiorplus.com or contact: Beth Summers, Executive Vice President and Chief Financial Officer, Tel: (416) 340-6015, or Rob Dorran, Vice President, Capital Markets, Tel: (416) 340-6003, E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it., Toll-Free: 1-866-490-PLUS (7587).
Forward-Looking Information
This news release contains certain forward-looking information and statements based on Superior’s current expectations, estimates, projections and assumptions in light of its experience and perception of historical trends. In this news release, such forward-looking information and statements can be identified by terminology such as “will”, "expects", "annualized", and similar expressions.
In particular, this news release contains forward-looking statements and information relating to future dividends, which may be declared on Superior’s common shares, the dividend payment, the tax treatment thereof, and the receipt of cash dividends. These forward-looking statements are being made by Superior based on certain assumptions that Superior has made in respect thereof as at the date of this news release regarding, among other things: the success of Superior’s operations; prevailing commodity prices, margins, volumes and exchange rates; that Superior’s future results of operations will be consistent with past performance and management expectations in relation thereto; the continued availability of capital at attractive prices to fund future capital requirements; future operating costs; that any required commercial agreements can be reached; that all required regulatory and environmental approvals can be obtained on the necessary terms promptly. These forward-looking statements are not guarantees of future performance and are subject to several known and unknown risks and uncertainties, including, but not limited to: the regulatory environment and decisions; non-performance of agreements in accordance with their terms; the impact of competitive entities and pricing; reliance on key industry partners and agreements; actions by governmental or regulatory authorities including changes in tax laws and treatment, or increased environmental regulation; adverse general economic and market conditions in Canada, North America and elsewhere; fluctuations in operating results; labour and material shortages; and certain other risks detailed from time to time in Superior’s public disclosure documents including, among other things, those detailed under the heading "Risk Factors" in Superior’s management's discussion and analysis and annual information form for the year ended December 31, 2021, which can be found at www.sedar.com.
Accordingly, readers are cautioned that events or circumstances could cause results to differ materially from those predicted, forecasted or projected. Such forward-looking statements are expressly qualified by the above statements. Superior does not undertake any obligation to publicly update or revise any forward looking statements or information contained herein, except as required by applicable laws.
Beth Summers
Executive Vice President and Chief Financial Officer
Tel: (416) 340-6015
or
Rob Dorran
Vice President, Capital Markets
Tel: (416) 340-6003
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
Toll-Free: 1-866-490-PLUS (7587)
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