D.C. Department of Transportation to implement new shared scooter ordinance
WASHINGTON--(BUSINESS WIRE)--#Helbiz--Helbiz Inc. (NASDAQ: HLBZ), a global leader in micro-mobility and the first in its industry to be publicly listed on Nasdaq, today announced it will retrofit its fleet of e-scooters with lock-to technology to meet the new regulations required by Washington D.C. The legislation will go into effect on October 1st with the intention to reduce e-scooter clutter on sidewalks and streets. Helbiz will initially roll out the integration in Washington D.C., with plans to expand into other markets that adopt similar requirements.
The lock-to mechanism will be integrated into Helbiz e-scooters, designed to secure parked devices to bicycle racks, signposts or other infrastructure throughout the city. Once each ride is completed, the Helbiz App will activate lock-to and ask users to take a photo of the device to confirm it was parked and locked properly. The D.C. Department of Transportation (DDOT) plans to increase the number of bike racks in order to accommodate the new ordinance, which also requires e-scooters to be parked and locked with at least 3 feet of pedestrian walkways left unobstructed, and that entrances to private property, driveways, or handicap accessible ramps and parking spots are not blocked. By monitoring the location of each parked e-scooter, the new regulation will ensure devices are available in all areas of the city.
“Since our first deployment of shared electric vehicles in Washington D.C. in 2019, we have worked to provide safe, alternative mobility options,” said Vivian Myrtetus, Head of Partnerships & Policy at Helbiz. “As the micro-mobility industry continues to evolve, we are proud to join the DDOT in the implementation of new measures to bring more organized operations to the city.”
To educate users of this new regulation, Helbiz has started distributing detailed instructions via email and pushing in-app notifications. The Company has also launched an educational campaign that can be seen on digital LiveBoards at transit stops throughout Washington D.C.
About Helbiz
Helbiz is a global leader in micro-mobility services. Launched in 2015 and headquartered in New York City, the company offers a diverse fleet of vehicles including e-scooters, e-bicycles and e-mopeds all on one convenient, user-friendly platform in 35 cities around the world. Helbiz utilizes a customized, proprietary fleet management technology, artificial intelligence and environmental mapping to optimize operations and business sustainability. Helbiz is expanding its urban lifestyle products and services to include live streaming services, food delivery, financial services and more, all accessible within its mobile app.
Forward-Looking Statements
Certain statements made in this press release are “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”, “expect”, “estimate”, “plan”, “outlook”, and “project” and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements reflect the current analysis of existing information and are subject to various risks and uncertainties. As a result, caution must be exercised in relying on forward-looking statements. Due to known and unknown risks, actual results may differ materially from the Company’s expectations or projections. The following factors, among others, could cause actual results to differ materially from those described in these forward-looking statements: (i) the failure to meet projected development and production targets; (ii) changes in applicable laws or regulations;(iii) the effect of the COVID-19 pandemic on the Company and its current or intended markets; and (iv) other risks and uncertainties described herein, as well as those risks and uncertainties discussed from time to time in other reports and other public filings with the Securities and Exchange Commission (the “SEC”) by the Company. Additional information concerning these and other factors that may impact the Company’s expectations and projections can be found in its periodic filings with the SEC, including its Annual Report on Form 10-K for the fiscal year ended December 31, 2020 and amended on May 21, 2021. The Company’s SEC filings are available publicly on the SEC's website at www.sec.gov. Any forward-looking statement made by us in this press release is based only on information currently available to Helbiz and speaks only as of the date on which it is made. Helbiz undertakes no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise, except as required by law.
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LOS ANGELES--(BUSINESS WIRE)--Faraday Future Intelligent Electric Inc. (“FF”) (NASDAQ: FFIE), a California-based global shared intelligent mobility ecosystem company, today unveiled an inside look at an important milestone in the implementation of its manufacturing process for the FF 91. The new video highlights Gonzalez Group preparing and testing equipment for future installation at the FF manufacturing plant in Hanford, CA.
The recent video showcases the fully automated system to manufacture the lightweight aluminum closures for the FF 91, and also features part of robot health check and dry run activity. This necessary step is part of the programming confirmation with FF supplier (Gonzalez Group) as preparation for production builds which will be built at our Hanford Manufacturing facility. A link to the full video can be found here: https://genesis-cdn.ff.com/press_room/2126_Gonzalez_EditTA_v03B_ffcom.mp4
“This next step in the manufacturing process will ensure we’re prepared for our upcoming pre-production builds,” said Matt Tall, Vice President of Manufacturing. “We’re incredibly excited to continue on this path and deliver the ultimate intelligent techluxury FF 91 on schedule.”
FF continues to prepare the Hanford manufacturing site for the installation of manufacturing equipment, which will now speed up due to funding received in connection with its recent listing as a public company on Nasdaq. The resources to complete the Hanford manufacturing plant are in-hand, with construction and equipment installation mapped out to meet its production goal, which is within 12 months of the closing of its merger that occurred in late July of this year.
Faraday Future’s recent listing on NASDAQ (ticker symbol: FFIE) raised capital intended to finance the release of FF’s flagship vehicle, the FF 91, and pave the way for the FF 81 entry to market. The FF 91 Futurist Alliance Edition and FF 91 Futurist models represent the next generation of intelligent techluxury EVs. They are high-performance EVs, all-in-one all-ability cars, and ultimate robotic vehicles that allow users to experience the third internet living space. The models also encompass extreme technology, an ultimate user experience and a complete ecosystem.
Users can reserve an FF 91 Futurist model now via the FF intelligent APP or FF.com at: https://www.ff.com/us/reserve
Download the new FF intelligent APP at: https://apps.apple.com/us/app/id1454187098 or https://play.google.com/store/apps/details?id=com.faradayfuture.online
ABOUT FARADAY FUTURE
Established in May 2014, FF is a global shared intelligent mobility ecosystem company, headquartered in Los Angeles, California. Since its inception, FF has implemented numerous innovations relating to its products, technology, business model, profit model, user ecosystem, and governance structure. On July 22, 2021, FF was listed on NASDAQ with the new company name “Faraday Future Intelligent Electric Inc.” and the ticker symbols “FFIE” for its Class A common stock and “FFIEW” for its warrants. FF aims to perpetually improve the way people move by creating a forward-thinking mobility ecosystem that integrates clean energy, AI, the Internet and new usership models. With the ultimate intelligent techluxury brand positioning, FF’s first flagship product FF 91 Futurist is equipped with unbeatable product power. It is not just a high-performance EV, an all-ability car, and an ultimate robotic vehicle, but also the third internet living space.
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This communication shall neither constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which the offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.
FORWARD-LOOKING STATEMENTS
This press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” “should,” “future,” “propose” and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside FF’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, that may affect actual results or outcomes include FF’s ability to execute on its plans to develop and market its vehicles and the timing of these development programs; FF’s estimates of the size of the markets for its vehicles; the rate and degree of market acceptance of FF’s vehicles; the success of other competing manufacturers; the performance and security of FF’s vehicles; potential litigation involving FF; the result of future financing efforts and general economic and market conditions impacting demand for FF’s products. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of the preliminary registration statement on Form S-1 recently filed by FF and other documents filed by FF from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and FF does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
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PARIS & ZURICH--(BUSINESS WIRE)--#cleanhydrogen--Ardian, a world leading private investment house, via its infrastructure business, and FiveT Hydrogen, a clean-hydrogen enabling investment platform, today announced a partnership to create Hy241, an equally owned joint venture. Hy24 will become the world’s largest investment platform focused on clean hydrogen infrastructure, designed to invest in projects that are critical to global decarbonization.
Hy24 is targeting €1.5bn for its first fund, making the platform the industry’s largest clean hydrogen infrastructure manager. Of this, €800m has already been committed by a leading group of industrial and financial investors active in clean hydrogen. The fund is the result of distinct initiatives from two groups of investors:
LOTTE Chemical, a large Asian industrial Group, also confirmed its intention to join as an anchor investor, and so will AXA, a major institutional investor. Other large international industrial players, all strongly committed to carbon neutrality, also intend to join the initiative. These include: Groupe ADP, Ballard, EDF and Schaeffler. More are expected soon.
The international tender process to select Hy24 and to engage industrial investors was arranged by Société Générale.
Hy24 plans to bring together additional international institutional investors and industrial companies to provide scale and investing capability for hydrogen projects around the world.
Hy24 combines Ardian’s world-class infrastructure investment expertise and asset management capabilities with FiveT Hydrogen’s extensive access to and experience with the hydrogen value chain. The combination will create the largest and most credible partner to energy giants and investors that are seeking a role in accelerating the build-out of hydrogen infrastructure. It meets the enormous demand from governments, corporations, and investors to invest in hydrogen to meet the world’s climate goals. Recent analysis2 indicates that up to $100 trillion in hydrogen investments will be required to meet net zero goals by 2050.
Hy24’s first fund will be set up and managed as an impact fund with the aim to reduce global carbon emissions, in accordance with Article 9 of the SFDR regulation. It will scale proven technologies towards mature infrastructure assets generating predictable cash flows, providing investors with unrivalled access to a new asset class that has the potential to follow the same pace of growth as renewables. The portfolio will be diversified across geographies (Europe, Americas and Asia) and value chains, from upstream projects like green hydrogen production, to downstream projects like captive fleet and refueling stations. The value-creation opportunity is significant: job creation and decarbonization, especially in hard-to-abate sectors.
Mathias Burghardt, Head of Ardian Infrastructure and Member of Ardian’s Executive Committee, said: “We are proud to have been chosen by some of the world’s leading industrial players and investors to lead this initiative. At a time when the European Union has announced a step-up in its climate ambitions, and just ahead of COP26, it is a great responsibility to lead such a platform. We were early backers of the renewables market, our platform reaching 7.5GW of heat and renewable capacity today, and it is clear to us that hydrogen is facing a similar trajectory. This collaborative partnership is exactly in line with how Ardian Infrastructure operates. We are confident that Hy24 will be able to play a leading role in accelerating the hydrogen scale-up needed to decarbonize our economies.”
Pierre-Etienne Franc, Co-founder and CEO of FiveT Hydrogen, said: “This is a great step forward for FiveT Hydrogen. Via this unique partnership, we expect to mobilize €15bn worth of investments as a catalyst for scaling up the industry at pace. The world urgently needs to accelerate the energy transition and reduce the carbon output of energy intensive, hard-to-abate sectors like transport and industrial production. Together with Ardian, and with the ambitious backing of our industrial LPs, we are well-placed to do this, combining a unique skill set and track record.”
The Hy24 executive committee comprises Laurent Fayollas (President), Pierre-Etienne Franc (CEO), Amir Sharifi (Chief Investment Officer), Nicolas Brahy (General counsel, public affairs and ESG Director) and Sébastien Paillat (Managing Director, Investments). A recruitment process is ongoing to establish a dedicated global team operating across four countries: France, Switzerland, the U.S. and Singapore.
ABOUT HY24
Hy24 was created by Ardian and FiveT Hydrogen to manage the first large global investment platform exclusively dedicated to hydrogen infrastructure solutions, resulting from an initiative started by industrial champions: Air Liquide, TotalEnergies, VINCI Concessions, Plug Power, Baker Hughes and Chart Industries and joined by AXA, a major institutional investor. With strong industrial expertise at its core, the platform will have a unique capacity to accelerate the scaling up of hydrogen solutions along the whole value chain: production, conversion, storage and supply and usage. The platform will support large early stage and strategic projects into becoming essential energy infrastructures.
ABOUT ARDIAN
Ardian is a world-leading private investment house with assets of US$114bn managed or advised in Europe, the Americas and Asia. The company is majority-owned by its employees. It keeps entrepreneurship at its heart and focuses on delivering excellent investment performance to its global investor base. Through its commitment to shared outcomes for all stakeholders, Ardian’s activities fuel individual, corporate and economic growth around the world. Holding close its core values of excellence, loyalty and entrepreneurship, Ardian maintains a truly global network, with more than 750 employees working from fifteen offices across Europe (Frankfurt, Jersey, London, Luxembourg, Madrid, Milan, Paris and Zurich), the Americas (New York, San Francisco and Santiago) and Asia (Beijing, Singapore, Tokyo and Seoul). It manages funds on behalf of more than 1,200 clients through five pillars of investment expertise: Fund of Funds, Direct Funds, Infrastructure, Real Estate and Private Debt.
ABOUT FIVE T HYDROGEN
FiveT Hydrogen is the world’s first pureplay clean-hydrogen private investment and asset management platform. Its mission is to enable the foundation of the hydrogen economy through the development of various large Hydrogen investment initiatives, starting with infrastructure and this Clean H2 Fund jointly developed now within Hy24, with ARDIAN. FiveT Hydrogen was launched by an experienced team of world-class hydrogen and financial executives and is dedicated to enabling the Hydrogen economy to deliver its full potential. We believe that clean hydrogen - an energy carrier created with close to zero carbon-emissions - will transform and decarbonize the world's economy, creating a material value-creation opportunity.
https://fivet.com/fivet-hydrogen
1 The platform will be operational later in 2021, subject to AIFM accreditation by the French Market Authority (AMF) and to the finalization of the legal documentation with all partners. The Alternative Investment Fund Manager Directive (AIFM) provides a regulatory framework for alternative investment fund managers in Europe.
2 Including BloombergNEF (New Energy Outlook)
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HOUSTON--(BUSINESS WIRE)--Magnolia Oil & Gas Corporation (NYSE: MGY) will host a conference call and webcast to discuss its third quarter 2021 operational and financial results on Tuesday, November 2, at 9:00 a.m. Central Time (10:00 a.m. Eastern Time).
Join the webcast by visiting Magnolia’s website at www.magnoliaoilgas.com/investors/events-and-presentations and clicking on the webcast link or by dialing 1-844-701-1059. Materials related to Magnolia’s third quarter 2021 financial results to be discussed during the webcast will be made available in the Investors section of the website prior to the call. The company will post a replay of the webcast on its website following the call.
About Magnolia Oil & Gas
Magnolia is a publicly traded oil and gas exploration and production company with operations primarily in South Texas in the core of the Eagle Ford Shale and Austin Chalk formations. Magnolia focuses on generating value for shareholders through steady production growth, strong pre-tax margins, and free cash flow. For more information, visit www.magnoliaoilgas.com.
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Company Website: CreekRoadMiners.com
PARK CITY, Utah--(BUSINESS WIRE)--Creek Road Miners, Inc. (OTCQB:CRKR) (“Creek Road Miners,” or “Company”) announces the arrival of its first commercial-scale batch of Antminer S19 Pro cryptocurrency miners from Bitmain Technologies Ltd. (“Bitmain”). These miners are being deployed as part of the Company’s proof-of-concept, with the inaugural facility targeted to be live in the coming weeks. During this time frame, Creek Road Miners also anticipates further expanding its crypto-mining infrastructure to achieve scale and geographic diversification.
Creek Road Miners is focused on building its mining infrastructure with high performance and efficient mining hardware, making the S19 Pro a clear choice. Manufactured by Bitmain, an industry-leading hardware manufacturer, the S19 Pro boasts a custom built Application-Specific Integrated Circuit (ASIC), a hash rate of 110±3% TH/s, and a power efficiency of 29.5±5% joules per terahash (J/TH).
“Securing delivery of a significant quantity of miners is a huge milestone for Creek Road Miners,” commented Mr. Scott D. Kaufman, Chairman and Chief Executive Officer of Creek Road Miners. Mr. Kaufman emphasized, “Particularly given the complexity of today’s economy, we truly value and appreciate Bitmain partnering with us to make this happen as promised.”
Please visit the company’s website CreekRoadMiners.com for more information and updates.
About Creek Road Miners, Inc. (OTCQB: CRKR)
Creek Road Miners, Inc. (www.creekroadminers.com) utilizes mobile power generation units and mining facilities to overcome the economic barriers to utilizing the abundance of stranded natural gas in the U.S. market, while acquiring energy suppliers to create dual revenue streams.
Wizard World Vault (www.wizardworldvault.com) features some of the most popular memorabilia from featured pop-culture artists and exhibitors.
Forward-Looking Statements:
This press release contains “forward-looking statements.” Such statements may be preceded by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential” or similar words. Forward-looking statements are not guarantees of future performance, are based on certain assumptions and are subject to various known and unknown risks and uncertainties, many of which are beyond the Company’s control, and cannot be predicted or quantified and consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Company’s filings with the Securities and Exchange Commission (“SEC”), including the Company’s Annual Report on Form 10-K and its Quarterly Reports on Form 10-Q. Investors and security holders are urged to read these documents free of charge on the SEC’s web site at http://www.sec.gov. The Company assumes no obligation to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise.
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Creek Road Miners, Inc.
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Company intends to reduce manufacturing-related emissions intensity by 30% and products-related emissions intensity by 15% by 2030
HOUSTON--(BUSINESS WIRE)--Phillips 66 (NYSE: PSX) announced today that it intends to reduce greenhouse gas emissions intensity from its operations and energy products by 2030, setting impactful, attainable and measurable targets for the company. The company plans to reduce Scope 1 and Scope 2 emissions intensity from operations by 30% and Scope 3 emissions intensity of its energy products by 15%, below 2019 levels.
“We believe our targets will drive innovation and create shareholder value,” said Phillips 66 Chairman and CEO Greg Garland. “We support the ambitions of the Paris Agreement, and Phillips 66 will do its part by improving energy efficiency and developing lower-carbon technologies.”
Phillips 66 previously disclosed changes to its annual bonus program that are intended to reinforce its priorities around greenhouse gas emissions reductions and lower-carbon efforts.
In a presentation posted on Phillips66.com, the company outlines how it plans to achieve its emissions reduction goals while maintaining its focus on returns. Phillips 66 will continue to invest in improving the energy efficiency of its assets, six of which have already earned ENERGY STAR certifications since 2012 from the Environmental Protection Agency. Additionally, the company plans to increase the production of renewable fuels, advance the electric vehicle battery supply chain, implement carbon capture technologies at select facilities, and participate in commercial-scale lower-carbon hydrogen production. The company’s investments to meet these goals will be consistent with its disciplined approach to capital allocation.
“The challenges the energy industry and society are facing are great, but Phillips 66 is a company of problem-solvers,” Garland said. “We are committed to being part of the solution and helping the world address climate change.”
The targets set by Phillips 66 build on the company’s lower-carbon strategy and leverage its Emerging Energy group. The company has made meaningful progress toward developing a lower-carbon business platform, which includes expanding access to renewable feedstocks, producing renewable fuels, advancing sustainable aviation fuel and participating in the U.S. supply chain for lithium-ion batteries.
Phillips 66 is also one of the few downstream energy companies with an in-house research and development organization. The Energy Research & Innovation group works on developing and commercializing lower-carbon technologies to support the energy transition, including sodium-ion batteries. The company has active U.S. patents in a number of areas, including biofuels, carbon capture and sequestration, fuel cells and low-carbon hydrogen.
Scope 1 emissions are direct emissions from Phillips 66’s operations — refineries, compressors and other equipment, for example. Scope 2 are indirect emissions resulting from the generation of electricity and steam that the company purchases to support its business activities. Scope 3 emissions are indirect emissions related to consumer use of products the company makes.
Go to the Sustainability section of the Phillips 66 website for a video message from Greg Garland, a presentation with more details on the emissions reduction targets, and the company’s Sustainability & ESG Overview.
About Phillips 66
Phillips 66 is a diversified energy manufacturing and logistics company. With a portfolio of Midstream, Chemicals, Refining, and Marketing and Specialties businesses, the company processes, transports, stores and markets fuels and products globally. Phillips 66 Partners, the company’s master limited partnership, is integral to the portfolio. Headquartered in Houston, the company has 14,000 employees committed to safety and operating excellence. Phillips 66 had $57 billion of assets as of June 30, 2021. For more information, visit www.phillips66.com or follow us on Twitter @Phillips66Co.
CAUTIONARY STATEMENT FOR THE PURPOSES OF THE “SAFE HARBOR” PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
This news release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. Words and phrases such as “is anticipated,” “is estimated,” “is expected,” “is planned,” “is scheduled,” “is targeted,” “believes,” “continues,” “intends,” “will,” “would,” “objectives,” “goals,” “projects,” “efforts,” “strategies” and similar expressions are used to identify such forward-looking statements. However, the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements included in this news release are based on management’s expectations, estimates and projections as of the date they are made. These statements are not guarantees of future performance and you should not unduly rely on them as they involve certain risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecast in such forward-looking statements. Factors that could cause actual results or events to differ materially from those described in the forward-looking statements include: the continuing effects of the COVID-19 pandemic and its negative impact on commercial activity and demand for refined petroleum products; the inability to timely obtain or maintain permits necessary for capital projects; changes to worldwide government policies relating to renewable fuels or greenhouse gas emissions that adversely affect programs like the renewable fuel standards program, low carbon fuel standards and tax credits for biofuels; the pace of technological advancements and industry innovation, including those focused on reducing GHG emissions and advancing other climate-related initiatives, and our ability to take advantage of those innovations and developments; our ability to identify and execute opportunities, and the economic viability of those opportunities; the ability of our existing assets and expertise to support the growth of, and transition to, various renewable and alternative energy opportunities, including through the positioning and optimization of our assets; our ability to efficiently and economically reduce the carbon intensity of our operations; the impacts of acquisitions or dispositions; investments required as a result of environmental rules and regulations; changes in tax, environmental and other laws and regulations (including alternative energy mandates or carbon taxes); consumer preferences or demand and other economic, business, competitive and/or regulatory factors affecting Phillips 66’s businesses generally as set forth in our filings with the Securities and Exchange Commission. Phillips 66 is under no obligation (and expressly disclaims any such obligation) to update or alter its forward-looking statements, whether as a result of new information, future events or otherwise.
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DUBLIN--(BUSINESS WIRE)--The "Breakthrough Advancements in Proton-Exchange Membrane Fuel Cells" report has been added to ResearchAndMarkets.com's offering.
Transition to a carbon-neutral energy economy requires a more environmentally-friendly energy carrier. Hydrogen and its multiple end-use applications play a huge role to contribute to the decarbonization of major sectors of the economy. Current power generating units cannot cater to emerging needs in the reduction of greenhouses gas emissions. Hydrogen-powered fuel cell offers several advantages such as consistent power, long autonomous operation and service life, high reliability, zero emissions. Powered by hydrogen, the fuel cell is one of the cleanest technologies of the future. The backup capacity of hydrogen fuel cells could vary from a few kW to over 1MW, and can be installed nearly anywhere.
The findings and growth opportunities depicted in this study will help to drive the economic growth and technology revolution of the fuel cell industry. The study highlights the necessity for fuel cells and discusses the major challenges faced by PEM fuel cell technology development in gaining wide-scale commercial deployment.
The study provides a review of key research focus areas and technological challenges to overcome within PEM fuel cells. Additionally, it presents key stakeholders involved in technology development and notable developments. It also features patent landscaping of PEM fuel cells, highlighting key patent owners/assignees, and patent jurisdiction with the highest activity. The report outlines and describes the key factors influencing the PEMFC adoption, such as limited hydrogen refueling infrastructure, low manufacturing volume of key PEM fuel cell components. The report also highlights the emerging growth opportunities. Key emerging manufacturing technologies of PEM fuel cells are discussed, and technical and cost targets are also analyzed.
Companies Mentioned
The growth opportunities in PEM fuel cell technology:
To achieve higher levels of penetration, it is extremely important to reduce PEM fuel cell stacks cost. In this respect, major advances should be made in the development of the mass-manufacturing process and increasing the production rate of manufacturing parts and assembling components.
PEM Fuel cells offer a very promising solution, as they can be operated with dramatically reduced climate-damaging emissions. With carbon pricing being introduced across many countries, industries are expected to move toward low-carbon energy carriers, including green hydrogen. Considering the current challenges facing the environment and meeting the required energy target, PEM fuel cells as a sustainable energy generating unit are realistic solutions.
The study deeply illustrates the following:
Key Topics Covered:
1. Strategic Imperatives
2. Research Context and Summary of Findings
2.1 Research Context
2.2 Research Scope: Key Questions the Research Will Answer
2.3 Research Methodology
2.4 Key Findings in PEMFCs
3. PEMFC Technology-Overview
3.1 Fuel Cell Technology Promotes Future Zero Carbon Energy Economy
3.2 PEMFC Technology Components and Working Mechanism
3.3 PEMFC Technology - Key Drivers and Opportunities for Deployment
3.4 Industrial Decarbonization and Energy Efficiency are Expected to Drive Adoption of PEMFCs by 2030
3.5 Supportive Regulatory Framework and Renewable Energy Integration are Expected to Drive PEMFC Adoption by 2030
3.6 Key Restraints to Overcome for Successful Deployment of PEMFCs
3.7 PEMFC Restraints: High Material and System Costs
3.8 PEMFC Restraints: Poor Cell Performance
3.9 PEMFC Restraints: High Manufacturing Cost and Poor Combined Durability-system Cost
3.10 PEMFC Restraints: Low Durability and Stability of Cell Components
4. PEMFC Manufacturing Technologies
4.1 Current and Emerging Manufacturing Technologies Used to Produce Fuel Cell Stack Components
4.2 Emerging Manufacturing Technologies of PEMFC
4.3 Additive Manufacturing Technologies of PEMFC
5. Innovation Ecosystem- Companies to Watch
6. IP Analysis of PEMFCs
6.1 Patent Activity for PEMFCs
6.2 Competitive Landscape in Patent Activity for PEMFCs
7. Technology Analysis and Application Prospect
7.1 Fuel Cell Systems Cost and Technical Objectives as Decisive Criteria for Commercialization
7.2 Cost and Performance Analysis of PEMFCs for Transportation Applications
7.3 Cost and Performance Analysis of PEMFCs for Stationary Applications
7.4 PEMFCs Provide Various Benefits for Different Applications
7.5 Application Future of PEMFCs
8. Growth Opportunities
8.1 Growth Opportunity: Mass Volume Production to Reduce PEMFC Cost, 2021
8.2 Growth Opportunity: Strong Focus on Clean Energy Sources Drives the Use of PEMFCs, 2021
8.3 Growth Opportunity: Hydrogen Infrastructure Development to Boost Deployment of PEMFCs, 2021
9. Key Industry Influencers
10. Next Steps
For more information about this report visit https://www.researchandmarkets.com/r/q84l73
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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HOUSTON--(BUSINESS WIRE)--Nine Energy Service, Inc. (NYSE:NINE) announced today that it has scheduled its third quarter 2021 earnings conference call for Thursday, November 4, 2021 at 9:00 am Central Time. During the call, Nine will discuss its financial and operating results for the quarter ended September 30, 2021, which are expected to be released prior to the conference call.
Participants may join the live conference call by dialing U.S. (Toll Free): (877) 524-8416 or International: (412) 902-1028 and asking for the “Nine Energy Service Earnings Call”. Participants are encouraged to dial into the conference call ten to fifteen minutes before the scheduled start time to avoid any delays entering the earnings call.
For those who cannot listen to the live call, a telephonic replay of the call will be available through November 18, 2021 and may be accessed by dialing U.S. (Toll Free): (877) 660-6853 or International: (201) 612-7415 and entering the passcode of 13723609.
About Nine Energy Service
Nine Energy Service is an oilfield services company that offers completion solutions within North America and abroad. The Company brings years of experience with a deep commitment to serving clients with smarter, customized solutions and world-class resources that drive efficiencies. Serving the global oil and gas industry, Nine continues to differentiate itself through superior service quality, wellsite execution and cutting-edge technology. Nine is headquartered in Houston, Texas with operating facilities in the Permian, Eagle Ford, SCOOP/STACK, Niobrara, Barnett, Bakken, Marcellus, Utica and Canada.
For more information on the Company, please visit Nine’s website at nineenergyservice.com.
Nine Energy Service Investor Contact:
Heather Schmidt
Vice President, Strategic Development, Investor Relations and Marketing
(281) 730-5113
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DUBLIN--(BUSINESS WIRE)--The "Fuel Wholesaling in the UK - Industry Market Research Report" report has been added to ResearchAndMarkets.com's offering.
Firms in this industry sell a range of fuel products and some by-products from the petroleum refining process. The industry includes the wholesale of charcoal, coal, coke, fuel wood, naphtha, crude oil, diesel fuel, petrol, fuel oil, heating oil and kerosene. The industry also includes the wholesale of greases, oils and gases such as liquefied petroleum gas (LPG), butane and propane.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
A Selection of Companies Mentioned Include:
Key Topics Covered:
ABOUT THIS INDUSTRY
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
PRODUCTS & MARKETS
COMPETITIVE LANDSCAPE
MAJOR COMPANIES
OPERATING CONDITIONS
KEY STATISTICS
For more information about this report visit https://www.researchandmarkets.com/r/d0dyqa
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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LEAWOOD, KS--(BUSINESS WIRE)--This notice provides stockholders of Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE: TPZ) with information regarding the distribution paid on September 30, 2021 and cumulative distribution paid fiscal year-to-date.
The following table sets forth the estimated amounts of the current distribution, payable September 30, 2021 and the cumulative distribution paid this fiscal year to date from the following sources: net investment income, net realized short-term capital gains, net realized long-term capital gains and return of capital. All amounts are expressed per common share.
Tortoise Power and Energy Infrastructure Fund, Inc. |
||||||||
Estimated Sources of Distributions |
||||||||
|
($) Current
|
% Breakdown
|
($) Total Cumulative
|
% Breakdown of the
|
||||
Net Investment Income |
0.0221 |
|
37% |
|
0.1975 |
|
38% |
|
Net Realized Short-Term Capital Gains |
0.0000 |
|
0% |
|
0.2530 |
|
49% |
|
Net Realized Long-Term Capital Gains |
0.0067 |
|
11% |
|
0.0067 |
|
1% |
|
Return of Capital |
0.0312 |
|
52% |
|
0.0628 |
|
12% |
|
Total (per common share) |
0.0600 |
|
100% |
|
0.5200 |
|
100% |
|
Average annual total return (in relation to NAV) for the 5 years ending on 8/31/2021 |
-0.58% |
|
Annualized current distribution rate expressed as a percentage of NAV as of 8/31/2021 |
4.68% |
|
|
|
|
Cumulative total return (in relation to NAV) for the fiscal year through 8/31/2021 |
22.63% |
|
Cumulative fiscal year distributions as a percentage of NAV as of 8/31/2021 |
3.38% |
You should not draw any conclusions about TPZ’s investment performance from the amount of this distribution or from the terms of TPZ’s distribution policies.
TPZ estimates that it has distributed more than its income and net realized capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all of the money that you invested in TPZ is paid back to you. A return of capital distribution does not necessarily reflect TPZ’s investment performance and should not be confused with "yield" or "income."
The amounts and sources of distributions reported are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon TPZ's investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. TPZ will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.
Tortoise Capital Advisors is the Adviser to the Tortoise Power and Energy Infrastructure Fund, Inc.
For additional information on these funds, please visit cef.tortoiseecofin.com.
About Tortoise
Tortoise focuses on energy & power infrastructure and the transition to cleaner energy. Tortoise’s solid track record of energy value chain investment experience and research dates back more than 20 years. As one of the earliest investors in midstream energy, Tortoise believes it is well-positioned to be at the forefront of the global energy evolution that is underway. With a steady wins approach and a long-term perspective, Tortoise strives to make a positive impact on clients and communities. To learn more, please visit www.TortoiseEcofin.com.
Cautionary Statement Regarding Forward-Looking Statements
This press release contains certain statements that may include “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, included herein are "forward-looking statements." Although the funds and Tortoise Capital Advisors believe that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the fund’s reports that are filed with the Securities and Exchange Commission. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Other than as required by law, the funds and Tortoise Capital Advisors do not assume a duty to update this forward-looking statement.
Safe Harbor Statement
This press release shall not constitute an offer to sell or a solicitation to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer or solicitation or sale would be unlawful prior to registration or qualification under the laws of such state or jurisdiction.
Maggie Zastrow, (913) 981-1020
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One of 50 Firms to “Do Something Hard” Actions to Improve Inclusion and Equity
MINNEAPOLIS--(BUSINESS WIRE)--#DEI--International law firm Dorsey & Whitney is pleased to announce that the Firm has committed to take one “Do Something Hard” action as part of the 2021 Inclusion Blueprint.
Dorsey is one of 50 law firms that are participating in the Inclusion Blueprint, a collaborative project between Diversity Lab and ChIPs. The project provides a first-of-its-kind tool to measure inclusion actions that law firms can and should employ—at both the leadership and practice group levels—to ensure that historically underrepresented lawyers have fair and equal access to quality work, influential sponsors and clients, and other opportunities.
The assessment includes three main categories for law firms to track, measure, and benchmark their diversity and inclusion efforts at the leadership and practice group levels: (1) current diversity representation thresholds and year-over-year progress; (2) ongoing inclusion practices and activities; and (3) a commitment to “hard” actions to be implemented over the next year.
The public commitments to “Do Something Hard” are a new addition to this year’s assessment. Following George Floyd’s murder in 2020, many law firms issued statements confirming their commitment to racial equality and ensuring that all individuals are treated fairly in the workplace and beyond. “Research shows that real change requires actions that are meaningful, sustained long term, and measurable—not just statements,” said Erin Hichman, Diversity Lab’s Director of Data Management. “The ‘Do Something Hard’ actions, when put in place by firm management and supported by all partners at the practice group level, signal that they are serious about and committed to making their own group’s systems more equitable.”
The actions at the Leadership level include: (1) 50 hours of billable credit for DEI contributions; (2) partner and/or practice group leader compensation linked to DEI; and (3) pay and origination credit equity gap analyses for partners.
The actions at the Practice Group level include: (1) matter credit for diverse lawyers for new and expanding work; (2) client team diversity and direct access; and (3) an Ally Action Pledge.
By committing to the first Leadership action, Dorsey will go beyond simply offering 50 hours of “billable credit” to lawyers for meaningful contributions to diversity and inclusion at the Firm and in the profession by tracking and measuring whether those hours are being used equally by various demographic populations and making changes to remedy unequal distribution across various demographic populations.
As part of their commitment to these actions, the participating firms’ leaders will report their progress to Diversity Lab and also participate in the 2022 Inclusion Blueprint to remain accountable to these actions.
Read more about Dorsey and the law firms that have publicly committed to implement the actions at the Leadership and Practice Group levels by January 2022.
“Dorsey knows that real change requires action, not just statements,” said Dorsey Managing Partner Bill Stoeri. “We believe that the ‘Do Something Hard’ actions will lead to improvements in how we operate our business and in how our policies and practices impact colleagues and clients. We are dedicated to improvement both inside and outside our Firm.”
About Dorsey & Whitney LLP
Clients have relied on Dorsey since 1912 as a valued business partner. With locations across the United States and in Canada, Europe and the Asia-Pacific region, Dorsey provides an integrated, proactive approach to its clients' legal and business needs. Dorsey represents a number of the world's most successful companies from a wide range of industries, including leaders in banking & financial institutions, development & infrastructure, energy & natural resources, food, beverage & agribusiness, healthcare and technology, as well as major non-profit and government entities. www.dorsey.com
Jeri Longtin-Kloss
612.492.5315
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HOUSTON--(BUSINESS WIRE)--Helix Energy Solutions Group, Inc. ("Helix") (NYSE: HLX) announced today that it has entered into a new $80 million asset-based revolving credit facility (the “ABL Facility”) with a syndicated banking group. The ABL Facility replaces Helix's existing credit facility and term loan, which was concurrently repaid in full.
The key features of the ABL Facility include:
Erik Staffeldt, Executive Vice President and Chief Financial Officer of Helix, commented, “We are pleased to have executed the new ABL Facility, which will provide us with access to working capital financing as needed during our post-capital expansion phase. We expect the facility will provide greater flexibility to manage our daily operations and financial covenant compliance requirements. Our initial borrowing base is approximately $72 million, and we expect it will fluctuate between $30 and $70 million with our seasonal and geographic changes in activity. The ABL Facility will initially be used to support our existing letters of credit, and our initial availability, net of letters of credit, is approximately $70 million with no outstanding borrowings. We are pleased to be able to continue our banking relationships with the support of our lenders.”
Bank of America, N.A. and Wells Fargo Bank, N.A. acted as Joint Lead Arrangers, and Bank of America, N.A. will continue to serve as Administrative Agent.
About Helix
Helix Energy Solutions Group, Inc., headquartered in Houston, Texas, is an international offshore energy services company that provides specialty services to the offshore energy industry, with a focus on well intervention and robotics operations. For more information about Helix, please visit our website at www.HelixESG.com.
Erik Staffeldt
Executive Vice President and CFO
email: This email address is being protected from spambots. You need JavaScript enabled to view it.
ph: 281-618-0465
NTS’s Boxborough Lab Adds State-of-the-Art Test Equipment to Expand Capability and Accelerate Test Scheduling
ANAHEIM, Calif.--(BUSINESS WIRE)--#60YearsofInnovation--National Technical Systems, Inc. (“NTS”), the leading independent provider of qualification testing, inspection, and certification solutions in North America, is excited to announce that its laboratory in Boxborough, Massachusetts, recently invested $1.85 million to expand EMI/EMC test capacity and improve the customer experience.
The investment includes the purchase of two new EMI/EMC chambers along with one ground plane. The state-of-the-art equipment can be used to serve customers in a variety of different industries that require advanced testing, including the aerospace and defense sectors. The addition of the new chambers have expanded the NTS Boxborough’s EMI/EMC test capacity by 30%, which allows lab to provide optimal test schedule queue times to customers in different markets.
The new equipment is part of a larger initiative to improve the customer experience. As a result, the investment includes a new building with a customer lounge, nine offices, a café, and a tech area. “We’re excited to merge the highest standard of testing with an enhanced customer experience,” said Robert Lunnin, General Manager at NTS’s Boxborough laboratory.
The lab also added a new ETS I1045 shaker system, which expands the facility’s capacity and capability for dynamics testing. The new high-powered shaker system, in conjunction with the eight shaker systems in place already, allows NTS Boxborough to service customer test schedules more quickly and effectively. “As New England’s premier test lab, the $1.85 million investment allows us to serve more customers at a quicker pace in a more comfortable setting,” continued Lunnin.
With 28 labs in North America, NTS boasts the most EMI/EMC chambers on the continent—and the Boxborough lab is currently operating nine EMI/EMC chambers to complement its numerous dynamics and environmental chambers. “We truly are the ultimate one-stop shop for testing—and we’re committed to leveraging our expanded capacity to accelerate turnaround times and keep our customers happy.”
About National Technical Systems
National Technical Systems, Inc. (NTS) is the leading provider of qualification testing, inspection, and certification services in North America, serving a broad range of industries, including the civil aviation, space, defense, nuclear, telecommunications, industrial, electronics, medical, and automotive end markets. Since 1961, NTS has built the broadest geographic presence in the United States, offering more than 70 distinct environmental simulation and materials testing categories, including climatic, structural, dynamics, fluid flow, EMI/EMC, lightning, product safety, acoustics, failure analysis, chemical, and other industry-specific tests.
With 28 technologically advanced testing laboratories, this geographically diverse footprint puts NTS facilities in close proximity to its more than 8,000 clients, allowing NTS to serve the nation’s most innovative companies with industry-leading accessibility and responsiveness. NTS is accredited by numerous national and international organizations and operates its inspection division under the Unitek brand, providing a wide range of supply chain management services. NTS’ certification division, which operates under the NQA brand, is one of the largest and most respected global ISO registrars, with active certifications in more than 75 countries. For additional information about NTS, visit our website at www.nts.com or call 800-270-2516.
Jade Bunke, Vice President of Marketing This email address is being protected from spambots. You need JavaScript enabled to view it.
Staff, Labor and Industry Partners Praised for Amazing performance during Unprecedented Times
HOUSTON--(BUSINESS WIRE)--The Port Commission of the Port of Houston Authority convened on Tuesday in an in-person public meeting for the first time since the pandemic's start. The Emergency Suspension of the Open Meetings Act requirements ended, and in accordance, a quorum of the Commission was physically present.
Chairman Campo observed that they had masks and were properly spaced and being thoughtful of best Covid-19 protocols. He said that the hybrid public meetings will likely continue as providing remote access of the meetings to the public is a “helpful option.”
Chairman Campo expressed appreciation to Port staff and users of the channel, including the International Longshoremen Association (ILA), Seafarers, U.S. Army Corps of Engineers, and the U.S. Coast Guard, among many for “continuing to drive economic activity, impact and creating jobs for our region.” He said in part that “an amazing amount of work is getting done by an amazing team doing a great job despite the pandemic and issues along the supply chain.”
In his staff report, Executive Director Roger Guenther highlighted the historic record-breaking month of the highest cargo volume ever for the public container terminals. He added that there has also been a dramatic increase in import steel, and other general cargo commodities handled through the Multipurpose facilities.
Guenther said the Port is seeing an extended peak holiday season for containerized cargo and the elevated levels occurring in the supply chain are expected to continue well into 2022. The unprecedented surge in import volumes has created significant challenges across the nation and Houston is not immune to current disruptions in the global supply chain. However, Port Houston remains closely engaged with customers, ocean carriers, stevedores, labor, truckers, and all other industry partners to seek solutions to maximize the opportunities to keep freight moving efficiently.
In consideration of heightened interest of the Houston Ship Channel expansion program, Project 11, Guenther highlighted the environmental initiatives of the public terminals. Earlier this month, Port Houston received the draft report for the Goods Movement Emissions Inventory (GMEI), which updates emissions data from 2013 to 2019.
The updated GMEI draft shows improvements in nearly every category. Even with the 53% twenty-foot equivalent unit (TEU) throughput increase and 8% increase in cargo tonnage during this period, the public terminals emissions were lowered by between 15% and 93% for all evaluated pollutants across the board in 2019 compared to 2013.
Additionally, Mr. Guenther noted receiving 9 new hybrid-electric rubber-tired gantry (RTG) cranes bringing the total to 31 RTG’s, growing this yard crane equipment from zero to 26% of the total fleet over recent years. The hybrid-electric RTGs reduce emissions by up to 70 to 90% over older diesel models.
Port Houston continues to explore opportunities, including accelerating an already aggressive capital investment strategy for the public terminals to stay in front of the demand. A highlight of items passed and authorized by the Commission included the award of a construction contract to complete rail spur construction at the Bayport terminal. Also, the Commission approved an order for more than $800,000 to purchase replacement data storage and increased redundancy equipment.
Chairman Campo also applauded Port Houston's Information Technology (IT) Department for successfully “stopping a security breach before it happened.” During the meeting in public comments, U.S. Coast Guard Captain of the Port Jason E. Smith presented a Certificate of Merit to Director, Information Security Officer Chris Wolski for his actions, diligence, expertise and contributions concerning protecting Port Houston and the Houston Ship Channel overall on matters related to cybersecurity.
Guenther also formally introduced the new Chief Business Equity Officer, Maxine Buckles, to the Commission. Buckles will lead the Small/Minority and Women-owned Business Equity program and internal Diversity, Equity, Inclusion initiatives and report directly to the Executive Director.
The next regular Port Commission meeting is scheduled for Tuesday, Oct. 26.
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 and fastest-growing 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 www.PortHouston.com.
Lisa Ashley, 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.
HRS to Supply 36 Hydrogen Stations by 2026
HRS to invest €7M in GAUSSIN stock
HÉRICOURT, France & GRENOBLE, France--(BUSINESS WIRE)--GAUSSIN (EURONEXT GROWTH : ALGAU - FR0013495298), pioneer of clean and smart freight transport, and Hydrogen-Refueling-Solutions (HRS) (EURONEXT GROWTH ALHRS FR0014001PM5), European designer and manufacturer of hydrogen refueling stations, announced the signing today of a term sheet to implement an exclusive partnership. As part of this partnership, HRS will supply 36 hydrogen stations between 2021 and 2026 in the European Union. The agreement is intended to support the rollout of GAUSSIN’s turnkey hydrogen mobility solutions for on-road and off-road applications.
As part of the agreement, HRS is investing €7 million in newly issued shares of GAUSSIN at the unit subscription price of €6.20 per share.
A TURNKEY OFFER TO PROMOTE ACCESS TO HYDROGEN AND SATISFY STRONG DEMAND FOR H2 MOBILITY SOLUTIONS
The integration of HRS into GAUSSIN’s hydrogen ecosystem and the contribution of its station expertise, a key component of the value chain, will capitalize on the strengths of each partner, enabling the offer of a comprehensive, low-carbon mobility solution, helping to accelerate the adoption of hydrogen fuel, which is perfectly suited to GAUSSIN’s heavy vehicle applications.
The details of the partnership include the development of a turnkey solution marketed by GAUSSIN, comprising zero-emission vehicles for multiple uses (airports, logistics, ports, Smart Cities, roads) resulting from technological innovations in its research and development center, and the latest-generation HRS hydrogen refueling station. The stations will be manufactured on the HRS site in the Grenobloise metropolitan area.
As part of this exclusive partnership, HRS will supply a minimum of 36 hydrogen stations to GAUSSIN or its customers over a period of five years, optionally supported by a new leasing solution established with BNP PARIBAS Leasing Solutions. The agreement provides for a gradual ramp-up beginning with the delivery of four 200 kg/day stations in 2021/2022, starting with two 30 days after HRS has invested in newly issued GAUSSIN shares.
TOGETHER SUPPORTING THE DEVELOPMENT OF THE EUROPEAN HYDROGEN INDUSTRY
HRS will also subscribe to a capital increase of GAUSSIN, of €7 million (€6.20 per share). The partnership between the two companies is aimed at facilitating a joint approach to the development of the hydrogen sector in Europe, with heavy mobility set to play a major role in the coming months.
“HRS’s expertise and its international reputation in the field of hydrogen stations makes us confident in our ability to deliver robust and reliable solutions while simplifying our value proposition for our customers with a turnkey solution integrating the production and distribution of hydrogen, in addition to GAUSSIN vehicles, together with all the associated services,” said Christophe Gaussin, Chairman and CEO of GAUSSIN.
“This is a historic agreement for the deployment of hydrogen in Europe. Our new partnership, spanning both commercial aspects and investment, with a player as dynamic and ambitious as GAUSSIN, will allow progress in the structuring of the sector and help accelerate the rollout of our hydrogen mobility solutions. Large-scale projects are emerging, thanks in large part to support from numerous European stimulus plans. Our new partnership will allow the first comprehensive turnkey offer to satisfy this massive demand through joint innovation from our two groups,” added Hassen Rachedi, Founder and Chairman and CEO of HRS.
About GAUSSIN
GAUSSIN is an engineering company that designs, assembles and sells innovative products and services in the transport and logistics field. Its know-how encompasses cargo and passenger transport, autonomous technologies allowing for self-driving solutions such as Automotive Guided Vehicles, and the integration all types of batteries, electric and hydrogen fuel cells in particular. With more than 50,000 vehicles worldwide, GAUSSIN enjoys a strong reputation in four fast-expanding markets: port terminals, airports, logistics and people mobility. The group has developed strategic partnerships with major global players in order to accelerate its commercial penetration: Siemens Postal, Parcel & Airport Logistics in the airport field, Bolloré Ports and ST Engineering in ports and Bluebus for people mobility. GAUSSIN has broadened its business model with the signing of license agreements accelerating the diffusion of its technology throughout the world. The acquisition of METALLIANCE confirms the emergence of an international group present in all segments of intelligent and clean vehicles.
In October 2019, the group won the World Autonomous Vehicle Transport Competition "Category leader" - "Better energy and environmental sustainability".
GAUSSIN has been listed on Euronext Growth in Paris since 2010 (EURONEXT GROWTH - FR0013495298).
More information on www.gaussin.com.
ABOUT HRS
Founded in 2004, Hydrogen-Refueling-Solutions (HRS), formerly TSM, is pioneer in hydrogen mobility. European designer and manufacturer of hydrogen refuelling stations, for over ten years, the Company has been committed to reducing transport emissions.
Thanks to its unique experience and know-how, HRS has developed a complete range of hydrogen refuelling stations for all types of fuel cell vehicles that is perfectly suited to the needs of a fast-growing European market. At its Champ-sur-Drac site, HRS has mass production capacities that enable it to assemble up to 60 units per year in record time, in as little as 8 weeks. A new 14,300m2 production unit, planned for the fall of 2022, near Grenoble in Champagnier (Isère), will increase HRS's production capacity to 180 stations per year.
The Company posted 2019-2020 revenue of €10.5 million. As of June 30, 2021, the company had 41 employees. (ISIN code: FR0014001PM5 - ticker symbol: ALHRS).
More information on Gaussin is available on www.gaussin.com
GAUSSIN
Christophe Gaussin, This email address is being protected from spambots. You need JavaScript enabled to view it.
+33(0)3.84.46.13.45
Ulysse Communication
Nicolas Daniels, This email address is being protected from spambots. You need JavaScript enabled to view it.
+33(0)6.63.66.59.22
Charles Courbet, This email address is being protected from spambots. You need JavaScript enabled to view it.
+33(0)6.28.93.03.06
LHA Investor Relations – USA
Jody Burfening, This email address is being protected from spambots. You need JavaScript enabled to view it.
(212) 838-3777
RooneyPartners – USA
Jeanene Timberlake, This email address is being protected from spambots. You need JavaScript enabled to view it.
(646) 770-8858
HRS CONTACTS
Investor Relations
ACTUS finance & communication
Grégoire SAINT-MARC
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Tel. +33 1 53 67 36 94
Press Relations
ACTUS finance & communication
Anne Catherine BONJOUR
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Tel. +33 1 53 67 36 93
LONDON--(BUSINESS WIRE)--Moody’s Corporation (NYSE: MCO) today announced that it has joined the Taskforce on Nature-related Financial Disclosures (TNFD), a new industry-led initiative working to significantly shift global financial flows from nature-negative to nature-positive outcomes. As a member of the TNFD, Moody’s will join leading organizations across key sectors and geographies to develop a reporting framework and act on evolving nature-related risks.
“At its core, Moody’s role is to help others better understand, measure, and manage risk. As our own research has identified, biodiversity and nature-related risks are impacting corporate performance and are increasingly important considerations in building a more sustainable future,” said Rob Fauber, President and Chief Executive Officer of Moody’s Corporation. “We are thrilled to contribute to the TNFD’s efforts as organizations increasingly seek to make better decisions and unlock opportunities across their value chains.”
Research from across Moody’s has found that biodiversity and nature-related risks pose a significant threat to a wide range of industries and sectors. A Moody’s Investors Service report found that 12 sectors with $2.1 trillion in combined debt, including all extractive industries, face high or very high natural capital risk. In addition, a Moody’s ESG Solutions study found that 38% of large publicly traded companies have at least one facility associated with habitat loss, based on a sample of 5,300 corporations.
Currently, financial institutions and companies do not have complete information to help them understand how nature-related risks impact long- and short-term financial performance. The TNFD will assist financial institutions and companies with incorporating nature-related risks and opportunities into their strategic planning, risk management and asset allocation decisions. In the coming years, Moody’s will work with TNFD members to develop a practical framework for nature-related risks and a set of reporting guidelines.
The announcement builds on Moody’s participation in the Task Force on Climate-related Financial Disclosures (TCFD), which has established and normalized a framework for reporting financial risks related to climate change. It also follows Moody’s role as a founding member of the Net Zero Financial Services Provider Alliance, which is part of the Glasgow Financial Alliance for Net Zero. Moody’s has also committed to achieve net-zero emissions across its operations and value chain by 2040, bringing its original target forward by 10 years. In addition, Moody’s has set and progressed on validated, interim net-zero science-based targets. Progress on these targets can be viewed in Moody’s recent TCFD Report and Stakeholder Sustainability Report. Additional information about Moody’s climate efforts is available on its Climate Hub.
ABOUT MOODY’S CORPORATION
Moody’s (NYSE: MCO) is a global integrated risk assessment firm that empowers organizations to make better decisions. Its data, analytical solutions and insights help decision-makers identify opportunities and manage the risks of doing business with others. We believe that greater transparency, more informed decisions, and fair access to information open the door to shared progress. With over 11,500 employees in more than 40 countries, Moody’s combines international presence with local expertise and over a century of experience in financial markets. Learn more at moodys.com/about.
“SAFE HARBOR” STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
Certain statements contained in this release are forward-looking statements and are based on future expectations, plans and prospects for the business and operations of Moody’s Corporation (the “Company”) that involve a number of risks and uncertainties. Such statements may include, among other words, “believe”, “expect”, “anticipate”, “intend”, “plan”, “will”, “predict”, “potential”, “continue”, “strategy”, “aspire”, “target”, “forecast”, “project”, “estimate”, “should”, “could”, “may” and similar expressions or words and variations thereof that convey the prospective nature of events or outcomes generally indicative of forward-looking statements. Stockholders and investors are cautioned not to place undue reliance on these forward-looking statements. The forward-looking statements and other information in this release are made as of the date hereof and the Company undertakes no obligation (nor does it intend) to publicly supplement, update or revise such statements on a going-forward basis, whether as a result of subsequent developments, changed expectations or otherwise, except as required by applicable law or regulation. In connection with the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, the Company is identifying examples of factors, risks and uncertainties that could cause actual results to differ, perhaps materially, from those indicated by these forward-looking statements. Those factors, risks and uncertainties include, but are not limited to, the impact of COVID-19 on volatility in the U.S. and world financial markets, on general economic conditions and GDP in the U.S. and worldwide, and on the Company’s own operations and personnel. Many other factors could cause actual results to differ from Moody’s outlook, including credit market disruptions or economic slowdowns, which could affect the volume of debt and other securities issued in domestic and/or global capital markets; other matters that could affect the volume of debt and other securities issued in domestic and/or global capital markets, including regulation, credit quality concerns, changes in interest rates and other volatility in the financial markets such as that due to Brexit and uncertainty as companies transition away from LIBOR; the level of merger and acquisition activity in the U.S. and abroad; the uncertain effectiveness and possible collateral consequences of U.S. and foreign government actions affecting credit markets, international trade and economic policy, including those related to tariffs, tax agreements and trade barriers; concerns in the marketplace affecting our credibility or otherwise affecting market perceptions of the integrity or utility of independent credit agency ratings; the introduction of competing products or technologies by other companies; pricing pressure from competitors and/or customers; the level of success of new product development and global expansion; the impact of regulation as an NRSRO, the potential for new U.S., state and local legislation and regulations; the potential for increased competition and regulation in the EU and other foreign jurisdictions; exposure to litigation related to Moody’s Investors Service’s rating opinions, as well as any other litigation, government and regulatory proceedings, investigations and inquiries to which the Company may be subject from time to time; U.S. legislation modifying the pleading standards and EU regulations modifying the liability standards applicable to credit rating agencies in a manner adverse to credit rating agencies; provisions of EU regulations imposing additional procedural and substantive requirements on the pricing of services and the expansion of supervisory remit to include non-EU ratings used for regulatory purposes; the possible loss of key employees; failures or malfunctions of our operations and infrastructure; any vulnerabilities to cyber threats or other cybersecurity concerns; the outcome of any review by controlling tax authorities of the Company’s global tax planning initiatives; exposure to potential criminal sanctions or civil remedies if the Company fails to comply with foreign and U.S. laws and regulations that are applicable in the jurisdictions in which the Company operates, including data protection and privacy laws, sanctions laws, anti-corruption laws, and local laws prohibiting corrupt payments to government officials; the impact of mergers, acquisitions or other business combinations and the ability of the Company to successfully integrate such acquired businesses; currency and foreign exchange volatility; the level of future cash flows; the levels of capital investments; and a decline in the demand for credit risk management tools by financial institutions. These factors, risks and uncertainties as well as other risks and uncertainties that could cause Moody’s actual results to differ materially from those contemplated, expressed, projected, anticipated or implied in the forward-looking statements are currently, or in the future could be, amplified by the COVID-19 outbreak, and are described in greater detail under “Risk Factors” in Part I, Item 1A of the Company’s annual report on Form 10-K for the year ended December 31, 2020 and in other filings made by the Company from time to time with the SEC or in materials incorporated herein or therein. Stockholders and investors are cautioned that the occurrence of any of these factors, risks and uncertainties may cause the Company’s actual results to differ materially from those contemplated, expressed, projected, anticipated or implied in the forward-looking statements, which could have a material and adverse effect on the Company’s business, results of operations and financial condition. New factors may emerge from time to time, and it is not possible for the Company to predict new factors, nor can the Company assess the potential effect of any new factors on it.
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ST. JOHN’S, Newfoundland--(BUSINESS WIRE)--$ARR.TO #Renewable--Altius Renewable Royalties (TSX:ARR) (OTCQX: ATRWF) (“ARR”) reports that its joint venture subsidiary Great Bay Renewables (“GBR”) has closed a US$52.5 million royalty investment with Northleaf Capital Partners (“Northleaf”) related to three operating-stage wind and solar renewable energy projects located in Texas. GBR is a joint venture company of ARR and funds managed by affiliates of Apollo Global Management, Inc. (NYSE: APO) (“Apollo Funds”).
Cotton Plains Portfolio Royalty Acquisition
The newly acquired revenue-based royalty portfolio includes: (1) the 151 MW Old Settler wind project, (2) the 50 MW Cotton Plains wind project, and (3) the 15 MW Phantom Solar project (collectively, the “Projects”). The output from Cotton Plains and Phantom Solar is sold at a fixed price under long-term contracts with the US Department of Defense through January 2045, while the output from Old Settler will be sold into the ERCOT market. The three projects have been in commercial operation since 2017.
The royalty investment has been structured using royalty rates that vary over time and provide GBR with US$ 4-7 million per year over the first 10 years of the investment. The structure also allows ARR to achieve its investment hurdle targets while optimizing Northleaf’s project level cash flow profile. The royalty funding will be used to repay existing debt financing and provide additional working capital.
Jared Waldron, Managing Director at Northleaf, said, “We are pleased to be partnering with GBR to implement an innovative financing solution that will create value for our investors. As long-term assets producing stable cash flows from the generation of clean energy, the Projects will benefit from the long-term financing afforded by this new royalty structure.”
ARR and Apollo Funds have agreed to fund the Northleaf investment with approximately 80% of the capital provided by Apollo Funds and the balance of US$11.6 million to be funded directly by ARR. Apollo Funds have now met their commitment to earn a full 50% ownership interest in GBR. Going forward, ARR and Apollo Funds are expected to fund new opportunities on an equal basis.
Additional information concerning the Northleaf transaction can be found at arr.energy and in a SEDAR-filed Material Change Report.
New Developer Royalty
ARR is also pleased to announce that it has been notified of the sale of a 500 MW renewable energy project in Texas from one of its funded developer partners to a confidential buyer and the creation of a 2.5% royalty in favour of GBR. GBR has been informed that the project is currently slated to issue notice-to-proceed in early 2022.
Brian Dalton, CEO of ARR, commented, “Our GBR joint venture subsidiary expects to become cash flow positive in 2022. This milestone has been reached sooner than expected and is a tremendous credit to the team. Moreover, the recent completion of investments related to four operational stage assets has implications for the potential scope of future capital deployment and the larger role we can play in enabling the clean energy transition. This new funding avenue, combined with the continuing strong demand for the new projects being created by our developer partners, has resulted in the rapid growth of our royalty portfolio to now cover more than 3 GW of renewable energy projects.”
Forward-Looking Information
This press release contains forward-looking information. Such information includes but is not limited to statements concerning use of proceeds, expected annual revenue and cash flow expectations, achievement of investment hurdle rates, and future investment potential. The use of forward-looking information in this press release is based on reasonable assumptions and beliefs of management in light of the information available to them at the time such statements are made. The forward-looking information contained in the press release is presented for the purpose of assisting ARR shareholders in understanding this transaction and the expected impact on ARR. By its nature, forward-looking information requires ARR to make assumptions and is subject to inherent risks and uncertainties that give rise to the possibility that actual results could differ materially from such statements Although the Company believes that the predictions, forecasts, expectations or conclusions reflected in the forward-looking information are reasonable, it can give no assurance that such matters will prove to have been correct. This forward-looking information is subject to uncertainties and other factors that could cause actual results to differ materially from such statements. These factors include but are not limited to: changes in general industry, market and economic conditions, equipment performance, power price changes, seasonality, weather events, outcomes from litigation and other variables. The forward-looking information included in this press release is expressly qualified by this cautionary statement and is made as of the date of this press release. ARR does not undertake any obligation to publicly update or revise any forward-looking information except as required by Canadian securities laws.
About Northleaf Capital Partners
Northleaf Capital Partners is a global private markets investment firm with US$17 billion in private equity, private credit, and infrastructure commitments under management on behalf of public, corporate, and multi-employer pension plans, endowments, foundations, financial institutions, and family offices. Northleaf’s 150-person team, located in Toronto, Montreal, London, New York, Chicago, Menlo Park, and Melbourne, is focused exclusively on sourcing, evaluating, and managing private market investments globally. Northleaf’s portfolio includes more than 400 active investments in 35 countries, with a focus on mid-market companies and assets. For more information on Northleaf, please visit www.northleafcapital.com.
About ARR
ARR is a recently formed renewable energy company whose business is to provide long-term, royalty level investment capital to renewable power developers, operators, and originators through its joint venture Great Bay Renewables. The Company combines industry expertise with innovative, partner-focused solutions to further the growth of the renewable energy sector as it fulfills its critical role in enabling the global energy transition.
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DUBLIN--(BUSINESS WIRE)--The "Global Pleasure and Sporting Boats Industry to 2026" report has been added to ResearchAndMarkets.com's offering.
The report offers the most up to date industry data on the actual market situation, and future outlook of the pleasure and sporting boats market in the world.
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Strategic partnership to create Green Machine Equipment-branded, zero-emission vehicles for use in dense, urban areas, and corporate campuses
BUFFALO, N.Y.--(BUSINESS WIRE)--#Bobcat--Viridi Parente, Inc., a developer of innovative battery technology that can be safely installed and operated in nearly any environment or location, is partnering with Garia Utility, the Denmark-based leader in low-speed utility vehicles, to develop last-mile, low-speed electric utility vehicles for the U.S. market. These vehicles will be manufactured in Buffalo, New York, and branded under the Green Machine Equipment name.
An image of the Green Machine electric, low-speed utility vehicle may be downloaded here - https://rb.gy/uywc9e.
"If we are going to have any impact on decarbonization, we need to rethink our supply chain strategies and equipment options, especially for last-mile delivery," said Jon M. Williams, CEO of Viridi Parente. "Green Machine couldn't ask for a better partner to introduce clean utility vehicles into the U.S. than Garia. Its proven technology is already deployed throughout Europe, and the compact design is ideally suited for use in dense, urban areas in the U.S."
Garia chose to partner with Green Machine because of its proprietary, durable, and safe battery technology that is being used by leading construction brands such as Bobcat and Case. Green Machine was the first manufacturer to introduce all-electric heavy construction and industrial equipment into the market and has perfected the technology with more than 250,000 hours of robust field testing.
Garia Utility has over 900 last-mile vehicles deployed on delivery routes in Sweden through a contract with PostNord (the Swedish Postal Service). The combination of Green Machine's propriety technology and Garia's know-how in the last-mile vehicle space creates a superb clean vehicle that replaces standard diesel or gasoline-powered utility vehicles. For U.S. markets, Green Machine battery technology will increase the range and adaptability of the vehicle.
"After evaluating many potential partners, Viridi Parente was the obvious choice," said Jakob Holstein, CEO of Garia. "Not only did they have the best technology for our needs, but their technology had the most field experience. We were also aligned well on leadership and values."
Green Machine's electric utility vehicles are unlike anything currently available in the U.S. The compact design allows users to access narrow spaces such as constricted roadways, tight alleys, or compressed park or campus pathways. In addition to the traditional model, Green Machine has installed its technology into a right-hand-drive chassis from Garia that squarely fits any delivery needs.
Still dominated by fossil-fuel-powered trucks and vehicles, the supply chain remains a significant source of greenhouse gasses. In New York, transportation accounts for about 36% of the state's carbon emissions. While the nation's reliance on an efficient, reliable supply chain increases, so does the desire to transition long-haul and last-mile delivery to zero-emission vehicle options. McKinsey forecasts that the number of electric utility vehicles will grow from just 5,000 in 2018 to more than 8 million by 2030.
About Viridi Parente
Viridi Parente (Viridi) is a disruptive energy company in Buffalo, New York, that is changing the way we use energy, improving systems, communities, and lives. Viridi deploys safe battery technology into applications that have been historically dominated by fossil fuel energy sources. Its innovative architecture is constructed from materials used for aerospace and military applications and is the only design in the market that can be safely installed and operated in nearly any environment or location. Through its subsidiary, Green Machine Equipment, Viridi is bringing quiet, fully renewable mobile energy solutions to products in construction equipment, waste disposal, last-mile delivery, and other portable industrial markets. Through its subsidiary, Volta Energy Products, Viridi brings stationary, point-of-use storage technology that is safe, locatable, and reliable to industrial, medical, commercial, municipal, and residential building applications. Learn more at: www.viridiparente.com.
About Garia A/S
Garia is a manufacturer of utility vehicles, premium golf, and leisure cars. Founded in 2005 by Anders Lynge, Garia is privately held by Lars Larsen Group and headquartered in Denmark with a subsidiary in the U.S.
In 2015, with ten years of experience in the luxury electric vehicle market, Garia embarked on an entirely new journey: the Garia Utility. A compact electric utility vehicle that combines reliability, ergonomics, and zero emissions with comfort, functionality, and thoughtful design. Made of high-quality European components, the Garia Utility is one of a kind.
Learn more about the Garia Utility at gariautility.com
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ZURICH--(BUSINESS WIRE)--ABB is today launching an innovative all-in-one Electric Vehicle (EV) charger, which provides the fastest charging experience on the market.
ABB’s new Terra 360 is a modular charger which can simultaneously charge up to four vehicles with dynamic power distribution. This means that drivers will not have to wait if somebody else is already charging ahead of them. They simply pull up to another plug. The new charger has a maximum output of 360 kW and is capable of fully charging any electric car in 15 minutes or less, meeting the needs of a variety of EV users, whether they need a fast charge or to top their battery up while grocery shopping.
“With governments around the world writing public policy that favors electric vehicles and charging networks to combat climate change, the demand for EV charging infrastructure, especially charging stations that are fast, convenient and easy to operate is higher than ever,” said Frank Muehlon, President of ABB’s E-mobility Division. “The Terra 360, with charging options that fit a variety of needs, is the key to fulfilling that demand and accelerating e-mobility adoption globally.”
“It’s an exciting day for ABB, who as the global leader in electric vehicle fast charging, is playing a key role in enabling a low carbon society,” said Theodor Swedjemark, Chief Communications and Sustainability Officer at ABB. “With road transport accounting for nearly a fifth of global CO2 emissions, e-mobility is critical to achieving the Paris climate goal. We will also lead by example by switching our entire fleet of more than 10,000 vehicles to non-emitting vehicles.”
Available in Europe from the end of 2021, and in the USA, Latin America and Asia Pacific regions in 2022, Terra 360 is designed with the daily needs and expectations of EV drivers in mind. Leveraging the rich field experience gained by ABB E-mobility’s large installed base, the Terra 360 delivers speed and convenience along with comfort, ease-of-use and a sense of familiarity.
Its innovative lighting system guides the user through the charging process and shows the State of Charge (SoC) of the EV battery and the residual time before the end of an optimal charge session. The world’s fastest EV charger is also wheelchair accessible and features an ergonomic cable management system that helps drivers plug in quickly with minimal effort.
As well as serving the needs of private EV drivers at fueling stations, convenience stores and retail locations, Terra 360 chargers can also be installed on an organization’s commercial premises to charge electric fleet cars, vans and trucks. This gives owners the flexibility to charge up to four vehicles overnight or to give a quick refill to their EVs in the day. Because Terra 360 chargers have a small footprint, they can be installed in small depots or parking lots where space is at a premium.
Terra 360 chargers are fully customizable. To personalize the appearance, customers can ‘brand’ the chargers by using different foiling or changing the color of the LED light strips. There is also the option to include an integrated 27” advertisement screen to play video and pictures.
ABB is a world leader in electric vehicle infrastructure, offering the full range of charging and electrification solutions for electric cars, electric and hybrid buses, vans, trucks, ships and railways. ABB entered the e-mobility market back in 2010, and today has sold more than 460,000 electric vehicle chargers across more than 88 markets; over 21,000 DC fast chargers and 440,000 AC chargers, including those sold through Chargedot.
ABB high-power chargers are already being deployed around the world through the company’s partnerships with international charging operators such as IONITY and Electrify America.
To explore ABB’s electric vehicle charging technology, visit www.abb.com/ev-charging.
ABB (ABBN: SIX Swiss Ex) is a leading global technology company that energizes the transformation of society and industry to achieve a more productive, sustainable future. By connecting software to its electrification, robotics, automation and motion portfolio, ABB pushes the boundaries of technology to drive performance to new levels. With a history of excellence stretching back more than 130 years, ABB’s success is driven by about 105,000 talented employees in over 100 countries. www.abb.com
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