Dynamic Work environment shows per employee emissions reduced twenty-one percent; Identity leader reaches its renewable electricity goal ahead of target
SAN FRANCISCO--(BUSINESS WIRE)--Okta, Inc. (NASDAQ:OKTA), the leading independent identity provider, today announced the company has reached 100 percent renewable electricity for its global offices and employees’ work-from-home consumption in FY22, and launched the Dynamic Work Greenhouse Gas (GHG) Emissions Study, a study designed to measure the environmental impact of today’s hybrid workforce. The study found that in a Dynamic Work environment, Okta’s hybrid work framework which provides equity across work environments, per employee emissions are estimated to be 21 percent lower than they were prior to implementing Dynamic Work.
As Okta expands its global presence and embraces Dynamic Work, quantifying the company’s new environmental footprint has become a critical piece of Okta’s Environmental, Social, and Governance (ESG) process. Okta partnered with Global Sustainability Consultancy Anthesis to run an analysis comparing its FY20 pre-pandemic, pre-dynamic year of work (Feb 1, 2019 - Jan 31, 2020) with an FY23 projected year with Dynamic Work in place to understand the impact Okta’s Dynamic Work framework has on its greenhouse gas emissions inventory. The study found that Dynamic Work can reduce GHG emissions, due to reduced employee commuting and reduced workplace square footage per person, even when accounting for incremental increases in home energy use.
“As a business, the way we evaluate our environmental footprint has evolved along with the way we work. Just as we need to be responsible for the environmental impact of the buildings we occupy and the services we provide, now we need to account for and help our employees to understand, measure and reduce their environmental impact in this new distributed, Dynamic Work model,” said Erin Baudo Felter, Vice President, Social Impact & Sustainability, Okta. “This study is an important first step in understanding and quantifying our impact with Dynamic Work.”
“Businesses around the globe are setting targets to reduce their greenhouse gas emissions as part of their climate change strategies. Anthesis is a critical partner to our clients in their efforts to not only create sustainable business models but to also measure impact”, said Emma Armstrong, Executive Director with Anthesis. “As the workplace evolves to accommodate changing needs accelerated by the pandemic, we were excited to partner with Okta to understand how a model that supports this new way of work impacts the environment. The projected reduction in emissions per person resulting from Okta’s Dynamic Work model is significant, and provides an example for how other companies might examine their workplace emissions in the future. We look forward to partnering with Okta to measure the actual impacts resulting from the full roll out of Dynamic Work, which we anticipate will further inform emissions measurement and workplace strategies through the lens of sustainable performance”.
The launch of the Dynamic Work GHG Emissions Study follows Okta achieving 100 percent renewable electricity this year for its global offices, including coworking spaces, and global employee work-from-home electricity consumption. This critical milestone was reached by purchasing renewable energy certificates (RECs) equivalent to 100 percent of its global office and work-from-home employees’ electricity consumption, and a commitment to energy efficiency with both LEED Silver and WELL Silver certified Okta offices. The majority of the RECs Okta purchased were from the California Bright Schools solar program, which helps to realize the most cost-effective energy-saving opportunities, supports renewable energy education and the installation of solar on schools across the state.
To build on these milestones and to further maximize benefits to society, the environment, and all of its stakeholders, Okta has committed to:
To learn more about Okta’s sustainability strategy, please read the latest update here. To read more about the methodology behind the Dynamic Work Greenhouse Gas (GHG) Emissions Study, please visit the Okta blog here.
About Okta
Okta is the leading independent identity provider. The Okta Identity Cloud enables organizations to securely connect the right people to the right technologies at the right time. With more than 7,000 pre-built integrations to applications and infrastructure providers, Okta provides simple and secure access to people and organizations everywhere, giving them the confidence to reach their full potential. More than 13,050 organizations, including JetBlue, Nordstrom, Siemens, Slack, Takeda, Teach for America, and Twilio, trust Okta to help protect the identities of their workforces and customers.
Laura Szatkowski
248-561-3463
IPSC’s New Remote Operating Center Provides Fully Remote O&M Capabilities to Power Generation Companies Across the U.S.
ALISO VIEJO, Calif.--(BUSINESS WIRE)--IHI Power Services Corp. (IPSC), a leading owner and operator of power plants across the U.S., today announced the launch of its remote operating center (ROC). The ROC, based at the company’s headquarters in Aliso Viejo, Calif., extends its operations and maintenance (O&M) service capabilities to further support the renewable power generation sector. Officially opened last month, the ROC now provides IPSC clients truly remote operation, monitoring and start/stop control of existing simple cycle gas turbine peaking projects.
Fully staffed by its experienced team of power professionals, IPSC’s ROC is compliant with NERC Medium-Impact CIP security protocols to ensure the utmost safety and privacy for client assets. Clients utilizing IPSC’s ROC can expect the following service offerings:
“IPSC is proud to bring our cutting-edge and completely remote operating center to market and to our clients, 24 hours a day, seven days a week, 365 days a year,” said Steve Gross, president and chief executive officer at IPSC. “As a power generation company known for innovation, taking this next step to offer truly remote operations supports our long-term goal of helping companies transition to renewable energy while still ensuring optimal ROI for our clients.”
The ROC’s remote O&M services are beneficial in providing a centralized approach to plant management. Additionally, it gives customers a competitive edge with optimized financial performance through improved staffing. When customers switch to the ROC, it enables them to focus on future-forward business priorities while still meeting existing goals and objectives.
“Clients can rest assured that the ROC will provide continuous remote management to drive the next-generation efficiencies necessary in today’s competitive landscape,” continued Gross. “And with an encrypted cyber-secure VPN, they can feel confident that all information is completely protected.”
IPSC is a result-oriented leader in the power generation industry and known for providing world-class services to every project it oversees. As an owner-operator, IPSC understands that minimizing operational risks while maintaining regulatory and environmental compliance is key to the success and longevity of every facility.
To learn more about IPSC’s ROC, visit: https://www.ihipower.com/about/remote_operations_center.php.
ABOUT IHI POWER SERVICES CORP: IHI Power Services Corp’s (IPSC) parent company, IHI Corporation, based in Tokyo, Japan, is a heavy industrial manufacturing and services company. The company is active in several industries, including aerospace, shipbuilding, power generation, automotive and transportation infrastructure. IPSC was specifically formed to provide operations, maintenance, management and power plant support services to the U.S. power generation industry. The IPSC team of energy professionals delivers value-added service based on expertise gleaned through years of hands-on experience in the power generation industry. As an owner and operator, IPSC understands that minimizing operational risks and maximizing asset value while maintaining a safe work environment that is environmentally compliant is key to the success of every facility. By instituting proven programs, industry best practices and upholding the company’s guiding principles of growth, respect, accountability, integrity, and lack of limitation, IPSC provides world-class service to each of the more than 35 facilities and 14.5 gigawatts it manages. For more information, visit www.ihipower.com and follow IPSC on LinkedIn.
MEDIA CONTACT:
Leslie Licano, Beyond Fifteen Communications, Inc.
This email address is being protected from spambots. You need JavaScript enabled to view it. | 949-733-8679 x 101
Partnership introduces IoT to help Chugoku Electric Power, Co., Inc. improve safety and operations
SUNNYVALE, Calif.--(BUSINESS WIRE)--FogHorn, a leading developer of Edge AI software for industrial and commercial Internet of Things (IoT) solutions, today announced its deployment at the Chugoku Electric Power hydroelectric power facility. In partnership with Energia Communications, Inc., the FogHorn Lightning solutions help the power plant more realize efficient power generation, operations and workplace safety.
Chugoku Electric Power employs nearly 9,200 workers across 114 hydroelectric power generation facilities in the Chugoku area. As a 24-hour operation, the implementation of IoT is helping the company address the labor shortage and streamline operations, while enabling the collection of advanced data through remote, real-time analytics which ultimately enhance decision making and safety. In addition, edge capabilities, powered by FogHorn Lightning, can detect early signs of equipment failures to quickly mitigate issues, reduce costs and drive business outcomes.
“We’re proud to help address the long-term operational, safety and compliance goals at Chugoku Electric Power through our partnership with Energia Communications,” said Yuta Endo, VP/GM of APAC Operation, Business Development at FogHorn. “Resulting from FogHorn’s strong business alliance with Energia Communications, we were enlisted to improve operations to drive sustainability and ensure green energy sources stay online by harnessing the power of IoT and edge capabilities.”
Energia Communications and FogHorn officially launched the demonstration test in 2017 and began operation in April 2021. Ahead of its completion, the test became an “industrial security advancement promotion cost subsidy” in 2020 by the Ministry of Economy, Trade and Industry (METI) of the Japanese government. Aimed to drive national developments for energy and environmental policy and safety and security, this test serves as a model for other utilities and organizations to deploy IoT and achieve greater operational efficiency and safe workplaces.
As a key component of the demonstration test, FogHorn integrated its Lightning™ Edge AI Platform into Energia Communications’ IoT solutions to automate power generators. The platform enables remote, real-time collection, storage and analysis of data, such as current temperature and vibration for equipment control and monitoring, which has historically been a non-timely and inefficient function requiring more costs. In addition, the utilization of data collected and processed at the edge delivers predictive maintenance capabilities and power generation forecasting to remotely address equipment vulnerabilities and enhance decision making in real-time.
To learn more about the FogHorn Lightning™ Edge AI Platform, visit: https://www.foghorn.io/edge-ai-platform/.
About Energia Communications, Inc.
Energia Communications (Enecom) has been providing a wide range of services, including networks, cloud services, data centers and security, in Japan for many years.
Enecom is currently working on IoT solutions based on its already existing services. Improving the level of preventive maintenance of machinery and facilities is a crucial element for stable business continuity, especially for the manufacturing and energy industries. The company is fully confident that the IoT services it provides can thoroughly respond to and satisfy such needs. In particular, implementing FogHorn Lightning in “EneWings Hiroshima Datacenter,” a cloud service that is linked to Enecom’s own original wide area Ethernet, will enable users to create even more secure IoT models.
About FogHorn
FogHorn is a leading developer of edge AI software for industrial and commercial IoT application solutions. FogHorn’s software platform brings the power of advanced analytics and machine learning to the on-premises edge environment enabling a new class of applications for advanced monitoring and diagnostics, machine performance optimization, proactive maintenance, and operational intelligence use cases. FogHorn’s technology is ideally suited for OEMs, systems integrators and end customers in manufacturing, power and water, oil and gas, renewable energy, mining, transportation, healthcare, retail, as well as smart grid, smart city, smart building, and connected vehicle applications.
Kathleen See
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LONDON--(BUSINESS WIRE)--Octopus Energy Group today announces a major strategic partnership with Generation Investment Management, a firm established in 2004 to back businesses driving sustainability and the fight against climate change, in a deal that valued the UK entech pioneer at $4 billion pre-deal, and up to $4.6 billion post-deal.
The agreement, which has been several months in the making, will see Generation’s Long-term Equity strategy take a stake of up to approximately 13% in the business. Octopus will use the proceeds of Generation’s strategic investment to turbo boost its mission to drive the renewable revolution globally.
Octopus’s technology platform, Kraken, is already contracted to deliver outstanding customer experience, hyper efficient operations and cleaner and smarter energy solutions to 17 million energy accounts globally, through Octopus’s own retail businesses in the UK, USA, Germany, Spain and New Zealand, plus licensing agreements with Good Energy, Hanwha Corporation, Origin Energy, nPower and E.ON.
Managing over £3b of renewable generation, Octopus is one of the UK’s leading electricity generators, creating enough green energy to power about 1.5m homes.
Octopus established the Centre for Net Zero, an independent London-based research facility that is taking the fight against climate change to government level, by bringing together the biggest and best brains in tech, environment, econometrics and policy to create research and tools that governments and businesses around the world will be able to use to accelerate the update of clean technologies and green energy.
They are also investing £10 million into the UK's first R&D and Training Centre for Decarbonisation of Heat, a 22,000m3 newly constructed state of the art facility dedicated to creating a greener, cheaper way of heating our homes by investigating heat pump and electric boiler solutions. The Centre combines the cutting edge of R&D, with two state of the art weather chambers and multiple test rigs adding hardware development and market expertise to their software heritage and setting the UK up for a stake in the global export of clean heating technologies. The Centre will also offer bespoke training capabilities to create thousands of jobs in this new sector over the next few years.
The deal sees Generation take up to an approximately 13% equity stake for consideration of up to $600 million, alongside an approximate $55 million equity investment from Origin Energy, to continue its global expansion and technology development. This will see Octopus enhancing its smart grid capability and commitment to driving the green energy revolution around the world, with an ambition to support 100 million energy accounts on Kraken by 2027.
In the last 18 months, the fast-growth disruptor has launched in the USA and Germany, as well as deepening its capabilities with the acquisition of Upside Energy, specialists in smart grid technology. In the UK it has launched Electric Juice, the UK’s first electric vehicle roaming network which has rapidly grown to over 100,000 charge points across Europe, and also partnered with Tesla to launch Tesla Power in the UK and Germany. Since launching to the market, Octopus has won more than 80 awards for its customer service, its technology and its business leadership, including the National Technology Awards, the International Business Awards and the USwitch Energy Awards. Octopus Energy is also the only company to be Recommended by the UK consumer association, Which?, for all of the last 4 years.
Speaking for Octopus Energy, Founder and CEO, Greg Jackson said:
“Whilst the UK energy market is currently in a tough state, it’s highlighted the need for investment in renewables and technologies to end our reliance on fossil fuels. So we are delighted to announce our agreement with Generation Investment Management, created to back sustainable companies changing the world for the better. 3 years ago, the management team of Octopus Energy met to discuss growth plans for our fledgling company. We watched An Inconvenient Sequel and were inspired to accelerate and expand our mission to make energy greener faster, cheaper, across the globe. Being backed by Generation, co-founded and chaired by Al Gore, enables us to make that dream come true.”
Speaking for Generation Investment Management, Tom Hodges, Partner in the Long-term Equity strategy, said:
“Octopus Energy has an extraordinarily good fit with Generation’s mission of investing over the long term to support system and climate-positive companies. The world is at the early stages of an unprecedented energy transition which is essential to reach the goals of the Paris Agreement. This can be done in a way that is better for the environment and consumers. Octopus and its software platform Kraken are at the forefront of innovation and helping to create the dynamic and flexible renewable energy system needed. Generation is pleased to partner with Octopus Energy to help build that future.”
ENDS
Notes to editors
Technical footnote: The deal consists of $300 million immediate investment, with $300 million to follow by June 2022 subject to certain further funding conditions.
Octopus Energy had 2.5 million customers up to 24 September 2021. The company’s customer base grew to 3.1 million after taking on Avro Energy’s 600,000 customers on 25 September 2021.
All accompanying imagery can be found here.
All $ figures reference US dollars.
KPMG advised on this transaction.
About Octopus Energy Group
Octopus Energy Group was launched in 2016 with a vision of using technology to make the green energy revolution affordable whilst transforming customer experiences. It is part of Octopus Group, which is a certified BCorp. Octopus’s domestic energy arm already serves 3.1 million customers with cheaper greener power, through Octopus Energy, M&S Energy, Affect Energy, Ebico, London Power and Co-op Energy.
Octopus Energy for Business manages over 25,000 customers with proprietary energy offerings. Octopus Electric Vehicles is helping make clean transport cheaper and easier, and Octopus Energy Services is bringing smart products to thousands of homes. Octopus Energy Generation is Europe’s largest investor in solar energy, managing a £3.4bn portfolio of renewable energy assets throughout the continent.
All of these are made possible by OEG's tech arm, Kraken Technologies, which offers a proprietary, in-house platform based on advanced data and machine learning capabilities, Kraken automates much of the energy supply chain to allow outstanding service and efficiency as the world transitions to a decentralised, decarbonised energy system. This technology has been licensed to support over 17 million accounts worldwide, through deals with Good Energy, E.ON energy and Origin Energy.
In December 2020, Octopus Energy Group was valued at over $2 billion after closing its second investment round of the year led by international energy companies Tokyo Gas and Origin Energy. With operations in the US, Japan, Germany, Spain, New Zealand and Australia, Octopus Energy Group's mission to drive the affordable green revolution is going global.
For more information, check out our website.
About Generation Investment Management
Generation Investment Management LLP is dedicated to long-term investing, integrated sustainability research and client alignment. It is an independent, private, owner-managed partnership established in 2004 and headquartered in London, with a US office in San Francisco. Generation Investment Management LLP is authorised and regulated in the United Kingdom by the Financial Conduct Authority.
Generation’s Long-term Equity strategy was established in 2018 to be a differentiated investment partner in support of a select number of private companies. The Long-term Equity strategy offers management teams support with achieving their ambitions for sustainable, global growth over eight to 15-year periods, far longer than the average private equity hold period.
Press Contact
Christina Hess
T: +44 (0)20 45308369
M: +44 7897 699 195
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JACKSONVILLE, Fla.--(BUSINESS WIRE)--CG Railway, LLC (CGR), a joint venture between Genesee & Wyoming Inc. and SEACOR Holdings Inc., today announced that its new, state-of-the-art rail ferry, the Cherokee, completed its maiden roundtrip voyage with record results for transportation speed and railcar volumes.
The Cherokee departed the Port of Mobile in Alabama on September 12, 2021, hauling 122 railcars and arrived at the Port of Coatzacoalcos in Veracruz, Mexico, on September 15, 2021. The vessel began its return trip from Coatzacoalcos on September 18, 2021, with 130 railcars onboard and docked in Mobile three days later.
The Cherokee measures 590 feet in length and is designed to carry up to 135 railcars, a 17% capacity increase per sailing compared to CGR’s previous rail ferries.
“We are extremely pleased with the Cherokee’s performance during its maiden voyage,” said Todd Biscan, CGR vice president of sales and marketing. “The rail ferry transported more than 22,500 tons of diverse commodities, including chemicals, plastics, pulp and paper, agricultural products and food. CGR is excited to enhance service quality to customers and safely move railcars from the U.S. to Southern Mexico in three days with customs cleared en route.”
CGR also took delivery of an identical second new rail ferry, the Mayan, on September 22, 2021, which is expected to enter into service in December and replace CGR’s existing vessel, the BANDA SEA. Until then, the BANDA SEA will continue to operate alongside the Cherokee to provide steady service to customers.
“Offering greater capacity and more sailings per week between the Southeast U.S. and Mexico, CGR service is better than ever,” said CGR President Hoffman Lijeron. “In addition, both the Cherokee and Mayan will generate lower CO2 emissions than land alternatives and our legacy ferries. These collective benefits provide a long-term, sustainable supply chain solution for existing and prospective customers.”
About CG Railway, LLC (CGR)
Established in 2000, CG Railway operates as a U.S. Class III freight railroad that currently transports approximately 10,000 carloads of diversified commodities annually across the Gulf of Mexico, with long-term agreements to operate purpose-built rail-ferry terminals in the ports of Mobile, Alabama, and Coatzacoalcos, Veracruz in Mexico. Genesee & Wyoming Inc. and SEACOR Holdings Inc. formed the rail-ferry joint venture that includes CG Railway, LLC in 2017, combining the two companies’ unmatched experience in rail and marine transportation and logistics services. For additional information, visit cgrailway.com.
About Genesee & Wyoming Inc. (G&W)
G&W owns or leases 116 freight railroads organized in locally managed operating regions with 7,300 employees serving 3,000 customers.
G&W subsidiaries and joint ventures also provide rail service at more than 30 major ports, rail-ferry service between the U.S. Southeast and Mexico, transload services, and industrial railcar switching and repair.
About SEACOR Holdings
SEACOR Holdings Inc. is a diversified holding company with interests in domestic and international transportation and logistics, crisis and emergency management, and clean fuel and power solutions.
Todd Biscan
CGR Vice President of Sales and Marketing
+1(904) 440-7080
SAN RAMON, Calif.--(BUSINESS WIRE)--Chevron Corporation today honored the life and career of former Texaco Chairman and CEO Alfred C. DeCrane, Jr., who died this past week at the age of 90.
“Al led Texaco at an important and challenging time for the company and the industry as a whole, and he leaves a proud legacy,” said Mike Wirth, chairman and CEO of Chevron. “His work across multiple industries is a testament to the value of his leadership. Speaking for our board and employees, we extend our condolences to all those who remember him.”
DeCrane died on September 22, surrounded by family in his home in Vero Beach, Florida.
DeCrane joined Texaco after graduating from law school in 1959. He had job offers from leading law firms and companies, but said he chose Texaco "because they told me that Texaco would let me do everything or anything that I showed a capability and a willingness to do." Chevron and Texaco merged in 2001.
Born in Cleveland, DeCrane attended Cathedral Latin School, where he graduated as valedictorian. He graduated magna cum laude from the University of Notre Dame. After graduation he was commissioned an officer in the US Marine Corps and married Joan Elizabeth Hoffman in 1954. They raised their six children in Bronxville, New York.
With an honorable discharge from the Marines as Captain, he went to work for Joseph P Kennedy, father to the senators and president, as a speechwriter. DeCrane went on to attend the Georgetown University Law School, and argued in front of the US Supreme Court at the age of 34.
DeCrane was on a joint industry team that met with President Nixon and key administration officials to successfully obtain an antitrust exemption to allow the company to negotiate with OPEC. He was named Texaco’s general counsel in 1976, elected to the board the next year, and became president in 1983. DeCrane was named chairman in 1987 and became CEO in 1993.
Following his retirement in 1996, DeCrane served on many corporate boards, including Bestfoods, Cigna, Birmingham Steel, Harris Corp., and Dean Whitter Discover.
Sean Comey, 925-842-5509
Emily Nichols Joins The Momentum Leadership & Strategy Team After More Than A Decade In Utilities
SACRAMENTO, Calif.--(BUSINESS WIRE)--#CleanTech--Momentum (Buildmomentum.io) is proud to announce the addition of Emily Nichols to its expanding team of experts.
Before joining the Momentum team, Nichols spent almost a decade at a major California utility company and more than three years at SMUD. Over the course of her tenure in utilities, she designed and executed company-wide commercial and residential segment strategies and managed product portfolios, with a focus on core revenue services, rate design, grid resilience, and technology implementation. She delivered accelerated initiatives to support customer satisfaction and product objectives and oversaw complete Customer Experience (CX) strategy research and tactics across departments.
“I’m so happy to join the Momentum team,” said Nichols. “Working to combat the effects of climate change in our communities is significantly fulfilling, and I love getting to work with such a diverse set of clients.”
Nichols’ focus is on the end-user experience and brings that lens to all her projects. At Momentum, she’s already helping clients develop innovative, community-centric, clean-tech programs.
“Emily’s approach to projects is exciting and refreshing,” said Momentum CEO Shawn Garvey. “The customer experience expertise she brings to the team is going to help our clients move to the next level of clean-tech programs.”
Nichols joins the Momentum team during a time of growth and refocusing. Momentum started as the Grant Farm back in 2005, with a focus on acquiring public funding for cleantech projects. In 2019 the company rebranded to Momentum and shifted focus toward holistic cleantech strategy and project management. Nichols’ skills align perfectly with the company’s growth strategy and business goals.
Some significant projects Momentum is involved in are:
About Momentum
Momentum is a cleantech solutions firm based in Sacramento. The Momentum team of experts designs, develops, and deploys innovation campaigns for organizations working on transformative water, energy, transportation, and manufacturing technologies.
Momentum has a global reach, delivering strategic planning, fund development, project management, and commercialization services from Los Angeles and Seattle to New York City and the Kingdom of Jordan.
The Momentum team is driven by a vision of a world where clean energy, water, and transportation are abundant, affordable, and available to all.
Melody White • Creative Director, Momentum
This email address is being protected from spambots. You need JavaScript enabled to view it. • 707.832.2099
DENVER--(BUSINESS WIRE)--Whiting Petroleum Corporation (NYSE:WLL) today announced that is has completed its previously announced acquisition of the leasehold interests and related assets in the Williston Basin of North Dakota. The Company also closed the divestiture of its Redtail leasehold interests and related assets, including associated midstream assets, located in the Denver-Julesburg Basin of Colorado. The transactions had an immaterial effect on current production but resulted in the addition of approximately 60 drillable locations that compete for capital immediately.
Commensurate with the closing of the two transactions, the Company completed the redetermination of its borrowing base under its revolving credit facility (the “revolver”). The borrowing base and aggregate commitments were both reaffirmed at the previous amount of $750 million. The difference in the acquisition costs and divestiture proceeds of the two transactions of approximately $90 million was funded with the revolver. Whiting continues to expect to have a positive cash balance and no outstanding borrowings on the revolver by the end of the year.
Third Quarter 2021 Conference Call
Whiting will host a conference call on Thursday, November 4, 2021 at 11:00 a.m. Eastern time (9:00 a.m. Mountain time) to discuss the third quarter 2021 results. The call will be conducted by President and Chief Executive Officer Lynn A. Peterson, Executive Vice President Finance and Chief Financial Officer James Henderson, Executive Vice President Operations and Chief Operating Officer Charles J. Rimer and Investor Relations Manager Brandon Day. A question and answer session will immediately follow the discussion of the results for the quarter.
To participate in this call please dial:
Domestic Dial-in Number: (877) 328-5506
International Dial-in Number: (412) 317-5422
Webcast URL: https://dpregister.com/sreg/10160438/ed94216c08
Replay Information:
Conference ID #: 10160438
Replay Dial-In (Toll Free U.S. & Canada): (877) 344-7529 (U.S.), (855) 669-9658 (Canada)
Replay Dial-In (International): (412) 317-0088
Expiration Date: November 11, 2021
About Whiting Petroleum Corporation
Whiting Petroleum Corporation, a Delaware corporation, is an independent oil and gas company engaged in the development, production and acquisition of crude oil, NGLs and natural gas primarily in the Rocky Mountains region of the United States. The Company’s largest projects are in the Bakken and Three Forks plays in North Dakota and Montana. The Company trades publicly under the symbol WLL on the New York Stock Exchange. For further information, please visit http://www.whiting.com.
Brandon Day
Investor Relations Manager
303‑837‑1661
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Company inducted into TECTERRA’ S Hall of Fame for successful investment project and excellence in technology commercialization
CALGARY, Canada--(BUSINESS WIRE)--$BLN #TSX--Blackline Safety Corp. (TSX: BLN), a global leader of gas detection and connected safety solutions, today announced it has been named Company of the Year by TECTERRA Inc.
TECTERRA, a Canadian geomatics technology innovation support center, released the news as part of its 2021 TECTERRA Awards recognizing outstanding achievement in technology development in the Canadian geospatial community.
Blackline Safety was acknowledged for its impact on Canada’s geospatial landscape through its blending of GPS technologies, cloud-connected software and data analytics to help organizations around the world meet demanding safety challenges and increase productivity.
The company was also inducted into TECTERRA’s Hall of Fame, acknowledging Blackline Safety’s successful completion of its industry investment project and for achieving excellence in technology commercialization.
“We are thrilled to be recognized as Company of the Year by TECTERRA,” said Brendon Cook, Co-Founder and Chief Partnership Officer, Blackline Safety.
“This achievement is a testament to the efforts of our 450 dedicated and hardworking employees around the world and the effectiveness of our connected safety solutions in saving lives and improving performance. It also speaks to the strength of Canada’s geospatial landscape and the support we’ve been able to receive along the way — including from TECTERRA.”
“TECTERRA has a unique privilege to see innovative technologies in their infancy — and disruptive waves of change before they begin to occur — and we’ve tracked Blackline Safety’s growth from a start-up to the success story it is today,” said Jonathan Neufeld, CEO, TECTERRA Inc. “We’re proud of the work that Blackline Safety is doing, and their incredible growth over the years.”
Watch the award winners video announcement
About Blackline Safety
Blackline Safety is a global connected safety leader that helps to ensure every worker gets their job done and returns home safely each day. Blackline provides wearable safety technology, personal and area gas monitoring, cloud-connected software and data analytics to meet demanding safety challenges and increase productivity of organizations with coverage in more than 100 countries. Blackline Safety wearables provide a lifeline to tens of thousands of people, having reported over 159 billion data-points and initiated over five million emergency responses. Armed with cellular and satellite connectivity, we ensure that help is never too far away. For more information, visit www.blacklinesafety.com and connect with us on Facebook, Twitter, LinkedIn and Instagram.
About TECTERRA
TECTERRA Inc. is a national organization supporting the Canadian development and commercialization of geomatics technologies for integrated resource management. With current funding from the Province of Alberta and the Government of Canada, TECTERRA invests in technology solutions for energy, forestry, agriculture, environment, and land management and development applications. The first centre of its kind, TECTERRA works with industry, entrepreneurs, researchers, and government partners to enable the use of geomatics technologies in addressing local, national and global challenges in resource management. TECTERRA, a non-profit organization, is governed by an independent Board of Directors representing key industry sectors associated with TECTERRA's focus markets. For more information, visit tecterra.com.
MEDIA
Blackline Safety
Christine Gillies, CMO
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+1 403-629-9434
TECTERRA
Katy Conti, Marketing & Communication Manager
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+1 403-532-4275
NEWPORT BEACH, Calif.--(BUSINESS WIRE)--(OTC: GSTX) Graphene & Solar Technologies Limited, releases Shareholder Letter & Company Operational Update with current activities announcements including details of a 2021 US $47 million recent acquisition and updates of new corporate initiatives.
1. US $47 million acquisition in May 2021 of a “Thin-Film” technology company, Cima NanoTech, with 120 internationally registered unique Patented technologies and “thin-film” applications.
2. New Joint Venture Graphene production factory has been agreed upon to manufacture industrial and electronics grade Graphene. Plans are to commence production in June 2022.
3. Transparent clear flexible thin-film solar applications in final development of production processes and techniques.
4. Development of applications is ongoing for manufacturing low-cost high-output electric vehicle batteries and for Thin-film anti-freeze and auto-windshields heating applications, battery or solar-powered.
5. Manufacturing EMF shielding to eliminate electromagnetic interference in 5G Communication networks.
6. The Company-designed Water Extraction/Harvester unit, with no moving parts, is particularly suitable for remote locations designed to supply pure water for outdoor and indoor locations. Water Harvester units, and farms of parallel units can generate from the Air, 50 gallons to 10,000 gallons per day. The GSTX proprietary Water Harvester technology system will operate efficiently on mains power, solar, wind and/or battery power systems. The Water Harvester uses an active cooling system utilizing modern, energy-efficient control systems, energy-efficient cooling, and the system is designed to efficiently maximize energy use. A basic Water Harvester unit will have a service life of approximately 10+ years.
GSTX has also successfully developed sustainable (ESG) Alternative Energy Solutions, utilizing the new “wonder material” Graphene and GSTX “Thin-Film nano-technology”.
GSTX has also agreed upon establishing a Joint Venture with a US based Graphene manufacturer to locate an industrial and electronics- grade graphene production factory in Brisbane, Australia.
Thin-Film solar applications are a recent solar industry innovation. When combined with graphene and nanotech technologies, it significantly advances the efficiency of solar industry technologies.
Transparent, flexible, seamless, and light-weight solar panels will largely replace the existing cumbersome metal-framed solar installations, especially for solar powered windows in high-rise buildings, creating significant operating cost savings.
About Graphene & Solar Technologies Limited
GSTX is a leading-edge high-tech developer of Renewable Alternative Energy systems, “ESG” compliant, with exclusive rights to High Purity Quartz mineral deposits (15 million tons). The highly experienced GSTX International technology team has predominantly worked together since 2007 and has extensive knowledge on all aspects of the Photovoltaic (PV) solar industry, and essential materials production, as well as a unique knowledge and experience of supply essential production materials for the high-end electronics and semi-conductor production materials.
Shareholder Update -The attached Web-Link provides a complete copy of the recent September 2021 GSTX Shareholder Update.
Web-link to Graphene & Solar Technologies Shareholder Update: https://www.gstx.solar/documents/GSTX%20SHAREHOLDER%20UPDATE%20SEPTEMBER%202021.pdf
Forward-Looking Statements
All statements in this release that are not strictly historical facts are "forward-looking statements." Forward-looking statements are based on GSTX’s current assumptions, beliefs and expectations, and involve risks, uncertainties and other factors that may cause GSTX’s actual results to be materially different from any results expressed or implied by such forward-looking statements.
GSTX Contact: Roger May
Phone: US Toll Free (844) 301-4000
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Months-long, solar-powered e-bike ride through the United States aims to raise awareness about sustainability and clean energy
FARGO, N.D.--(BUSINESS WIRE)--Octopus Energy, a renewable energy retailer based in Houston, Texas, is a sponsor of the SunPedal Ride, an annual, solar powered electric bike ride across the U.S., which reached North Dakota this week. Conducted by Sushil Reddy, a Guiness World Record holder for longest e-bike ride, the SunPedal Ride is designed to encourage conversation about clean energy, sustainable mobility, and low-emission travel. Now on its 7th trip, the SunPedal Ride began on August 15, 2021 in Winston-Salem, North Carolina, and is scheduled to finish in early December in Houston, Texas after covering 6,498 miles of travel. Following completion of the journey, Octopus Energy will host an end-of-ride celebration in Houston, Texas commemorating a months-long journey across the country.
“Octopus Energy is proud to sponsor Sushil’s SunPedal ride and work closely with him to evangelize adoption of renewable energy and clean, low-carbon lifestyles worldwide,” said Michael Lee, CEO of Octopus Energy US. “This is a critical time for the global energy transformation and individual actions play a crucial role in driving us towards a greener, cheaper and more sustainable energy future. We look forward to hosting the SunPedal Ride team here in Houston this December.”
Reddy is also joined on this year’s SunPedal ride by Luis Fourzan, a lawyer, outdoor enthusiast, and sustainable energy advocate who resides in Mexico. Fourzan also participated in the 2018 SunPedal ride, which took place in Iceland, and recently became a partner in green energy financial company Rayema. Other countries where the SunPedal ride took place in past years include France and India, the latter of which was home to Reddy’s world record e-bike journey in 2016.
Each year, the SunPedal ride is made possible by a series of sponsors and supporting partners who help spread awareness about the trip. In addition to Octopus Energy, this year’s sponsors include: Oriden, Mitsubishi Power, Radisson Hotels, Radisson Rewards, Hypertrack, Streetlight Data, Sol Mobil, Grin Technologies, Schwalbe, Ortlieb, MPOWERD, E-Bike Lovers Association, Project Green Schools, DoorDash, Lumos, Quad Lock, Solgaard, and Arxtec.
Those interested in learning more about Sushil’s journey can visit www.thesunpedalride.com, follow updates on Twitter, Facebook, LinkedIn, and Instagram, or reach out via email to This email address is being protected from spambots. You need JavaScript enabled to view it..
ABOUT OCTOPUS ENERGY US
Octopus Energy Group is a technology-driven, renewable energy retailer, directly supplying over 2 million customers globally with 100% green electricity at a cheaper price and with a focus on incredible customer service. Founded five years ago as a global energy retailer, Octopus Energy entered the U.S. market in 2020, forming Octopus Energy U.S. and fueling the company’s global expansion. Octopus Energy is valued at over $2 billion and is one of energy-tech’s fastest-growing private companies. To learn more, visit: www.octopusenergy.com
Joe Ciccarello
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860-256-9005
HOUSTON--(BUSINESS WIRE)--Sunnova Energy International Inc. ("Sunnova") (NYSE: NOVA), one of the leading U.S. residential solar and storage service providers, has partnered with AutoGrid to provide reliable demand response resources to Clean Power Alliance’s (CPA) Power Response Program. Through this partnership, Sunnova and AutoGrid will implement and scale a comprehensive distributed energy resources program, executing on a key component in CPA’s strategic Clean Energy Future plan.
“In the wake of the state’s ongoing wildfires and increased grid outages, the 21st century homeowner is increasingly seeking reliable and affordable energy for their family’s needs,” said Michael Grasso, EVP, Chief Marketing and Growth Officer at Sunnova. “By committing the much needed behind the meter capacity from Sunnova’s Southern California customers while using AutoGrid’s Flex platform, homeowners will now be able to directly contribute to making their own local grid more stable and efficient by providing it with clean, resilient and distributed resources.”
CPA is California’s largest Community Choice Aggregator with one million accounts that represent three million people across Southern California. Through this partnership, Sunnova and AutoGrid are committing to find new ways for CPA to transform their energy landscape, thus supporting California’s push to increase incremental grid resources in the face of sustained energy demand challenges.
With this partnership Sunnova will use AutoGrid’s Flex platform to provide scalable Virtual Power Plant services with the company’s rapidly-expanding residential storage installations in Southern California. AutoGrid’s cloud-based platform will work with Sunnova to enhance the process with installers, homeowners, grid operators, and utilities to optimize and dispatch its storage fleet for increased benefit to both customers and the grid.
“Virtual Power Plants allow environmentally-conscious citizens to make a positive and tangible impact on the environment in their own communities,” said Amit Narayan, founder & CEO of AutoGrid. “AutoGrid is proud to partner with Sunnova to help accelerate energy transition to address the urgent issues of climate change and justice.”
Sunnova operates one of the largest fleets of residential solar energy systems across 30+ U.S. states and territories, comprising more than 944 megawatts of generation capacity and serving more than 162,000 customers (as of June 30, 2021).
With over 5,000 megawatts of assets under contract, and experience managing distributed energy resources in 12 countries, AutoGrid is the leading provider of energy flexibility management solutions globally.
FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements generally relate to future events or Sunnova’s future financial or operating performance. In some cases, you can identify forward-looking statements because they contain words such as “may,” “will,” “should,” “expect,” “plan,” “anticipate,” “going to,” “could,” “intend,” “target,” “project,” “contemplates,” “believe,” “estimate,” “predict,” “potential” or “continue” or the negative of these words or other similar terms or expressions that concern Sunnova’s expectations, strategy, priorities, plans or intentions. Forward-looking statements in this press release include, but are not limited to, statements regarding the development, implementation, and capabilities of the partnership, the provision of demand response resources, the scaling of the distributed energy resources program and virtual power plant services, and the impact of the program on customers and the grid, as well as statements regarding the growth potential for battery storage assets in California and other statements regarding the future. Sunnova’s expectations and beliefs regarding these matters may not materialize, and actual results in future periods are subject to risks and uncertainties that could cause actual results to differ materially from those projected, including risks regarding our ability to forecast our business due to our limited operating history, the effects of the coronavirus pandemic on our business and operations, results of operations and financial position, our competition, changes in regulations applicable to our business, fluctuations in the solar and home-building markets, availability of capital, our ability to attract and retain dealers and customers and our dealer and strategic partner relationships. The forward-looking statements contained in this press release are also subject to other risks and uncertainties, including those more fully described in Sunnova’s filings with the SEC, including our Annual Report on Form 10-K for the year ended December 31, 2020 and our Quarterly Report on Form 10-Q for the quarter ended June 30, 2021. The forward-looking statements in this press release are based on information available to Sunnova as of the date hereof, and Sunnova disclaims any obligation to update any forward-looking statements, except as required by law.
About Sunnova
Sunnova Energy International Inc. (NYSE: NOVA) is a leading residential solar and energy storage service provider with customers across the U.S. and its territories. Sunnova's goal is to be the source of clean, affordable and reliable energy with a simple mission: to power energy independence so that homeowners have the freedom to live life uninterrupted®.
For more information, please visit sunnova.com
About AutoGrid
AutoGrid builds AI-powered software solutions that enable a smarter energy world. The company’s suite of flexibility management applications allows utilities, electricity retailers, renewable energy project developers and energy service providers to deliver clean, affordable and reliable energy by managing networked distributed energy resources (DERs) in real time, at scale through different value streams. AutoGrid’s flagship application, AutoGrid Flex, is ranked as the #1 Virtual Power Plant Platform in the world according to the global ranking published in 2020 by industry-leading research and analysis firm Guidehouse (formerly, Navigant Research). Additional information can be found at: auto-grid.com
Media Contacts
Jory White, AutoGrid
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Alina Eprimian, Sunnova
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Investor & Analyst Contact
Rodney McMahan, Sunnova
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281.971.3323
SAN RAMON, Calif.--(BUSINESS WIRE)--GE Digital today announced that the Bahrain Electricity & Water Authority (EWA) had signed a contract worth $28.7M for software and services to modernize the Kingdom of Bahrain’s electricity and water networks. A variety of GE Digital’s industry-leading Grid Software will be installed in a state-of-the-art control center that will digitize operations for increased efficiency and operations redundancy.
This remarkable end-to-end software solution spans the breadth of operations from transmission to distribution across the company’s essential electricity and water services. Its implementation will be integral to the country’s economic vision and strategy for the future.
“We at the Electricity & Water Authority are keen to provide electricity and water services at the highest level of quality and reliability to ensure sustainable development in the Kingdom of Bahrain, and to become a leading model for providing electricity and water services,” said H.E. Shaikh Nawaf Bin Ebrahim Al-Khalifa, Chief Executive Officer of the Bahrain Electricity & Water Authority. “This project will facilitate our goals to optimize asset and network utilization and minimize outages in the networks for reliability of supply.”
“EWA’s solution is unique in the region and the industry and we are proud to be a part of it,” said Talal Eskandar, Vice President for GE Digital’s commercial operations in the Middle East region. “As the authority serves 430,000 electricity and 310,000 water customers, digital solutions will assist in optimizing their customer service and asset management goals.”
Grid Software to be utilized in this solution include:
“GE Digital is happy to work with the Bahrain Electricity & Water Authority to help modernize their networks and increase resiliency with our solution,” said Jim Walsh, General Manager of GE Digital’s Grid Software business. “This is a good example of how our customers are being called on to transform their businesses to take advantage of digital capabilities that can help them to achieve their goals of increased grid capacity and reduced outages.”
More information about GE Digital’s Grid Software solutions can be found here.
About GE Digital
GE Digital transforms how our customers solve their toughest challenges by putting industrial data to work. Our mission is to bring simplicity, speed, and scale to digital transformation activities, with industrial software that delivers breakthrough business outcomes. GE Digital’s product portfolio – including grid optimization and analytics, asset and operations performance management, and manufacturing operations and automation – helps industrial companies in the utility, power generation, oil & gas, aviation, and manufacturing sectors change the way industry works. For more information, visit www.ge.com/digital.
Media contact:
Rachael Van Reen
GE Digital
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HOUSTON--(BUSINESS WIRE)--Cheniere Energy Partners, L.P. (“Cheniere Partners”) (NYSE American: CQP) today announced the early tender results as of 5:00 p.m., New York City time, on September 24, 2021 (the “Early Tender Deadline”) of its previously announced tender offer to purchase for cash any and all of its outstanding 5.625% Notes due 2026 (the “Notes”). In connection with the tender offer, Cheniere Partners also announced the results as of the Early Tender Deadline of the previously announced solicitation of consents (the “Consents”) from holders of the Notes (the “consent solicitation”) to the proposed amendment to the indenture with respect to the Notes (the “Indenture”) providing for the reduction of the minimum notice period for the optional redemption of the Notes by Cheniere Partners (the “Proposed Amendment”).
The terms and conditions of the tender offer and consent solicitation are described in an Offer to Purchase and Consent Solicitation Statement, dated September 13, 2021.
The aggregate principal amount of Notes validly tendered and not validly withdrawn at or prior to the Early Tender Deadline (the "Early Tender Notes"), as well as the percent of the aggregate principal amount of Notes outstanding constituting Early Tender Notes, is set forth in the table below. The consideration being offered for any such Early Tender Notes accepted for purchase in the tender offer and consent solicitation is also set forth in the table below:
Series
|
CUSIP
|
Aggregate
|
Aggregate
|
Percent of
|
Tender
|
Early
|
Total
|
5.625% Notes due 2026 |
16411QAD3 U16353AB7 |
$1,100,000,000 |
$672,331,000 |
61.12% |
$980.00 |
$50.00 |
$1,030.00 |
(1) |
Per $1,000 principal amount of Early Tender Notes accepted for purchase by Cheniere Partners. Excludes accrued and unpaid interest, which will be paid on Notes accepted for purchase as described below. |
(2) |
Includes the $50.00 early tender premium for the Early Tender Notes accepted for purchase. |
The tender offer and consent solicitation will expire at 12:01 a.m., New York City time, on October 12, 2021, unless extended, earlier expired or terminated by Cheniere Partners (such time and date, as the same may be extended, earlier expired or terminated by Cheniere Partners in its sole discretion, subject to applicable law, the “Expiration Date”). No tenders submitted after the Expiration Date will be valid. Subject to the terms and conditions of the tender offer and consent solicitation, holders of the Early Tender Notes will receive the total consideration, which includes the early tender premium for the Notes of $1,030.00 per $1,000 principal amount of Notes tendered. Holders who validly tender their Notes and deliver their Consents after the Early Tender Deadline and at or prior to the Expiration Date will be eligible to receive only the tender consideration, as set forth in the table above. Accrued and unpaid interest will be paid on all Notes validly tendered and accepted for purchase from the last interest payment date up to, but not including, the applicable settlement date.
The Early Settlement Date (as defined in the Offer to Purchase and Consent Solicitation Statement) for the Early Tender Notes is expected to be on September 27, 2021. Any Notes validly tendered and related Consents validly delivered after the Early Tender Deadline may not be withdrawn or revoked, except as required by law. Subject to the satisfaction or waiver of the conditions to the tender offer and consent solicitation, Cheniere Partners expects to accept for purchase any remaining Notes that have been validly tendered and not validly withdrawn after the Early Tender Deadline and at or prior to the Expiration Date promptly following the Expiration Date on the Final Settlement Date (as defined in the Offer to Purchase and Consent Solicitation Statement), which is expected to occur promptly following the Expiration Date.
In addition, holders of all Notes validly tendered and accepted for purchase pursuant to the tender offer and consent solicitation will receive accrued and unpaid interest on such Notes from the last interest payment date with respect to such Notes to, but not including, the Early Settlement Date or the Final Settlement Date, as applicable.
Cheniere Partners’ obligations to accept Notes and Consents on the Early Settlement Date or the Final Settlement Date, as applicable, are subject to, and conditioned upon, the satisfaction or waiver of certain conditions described in the Offer to Purchase and Consent Solicitation Statement, including, among others, Cheniere Partners consummating the Financing Condition (as defined in the Offer to Purchase and Consent Solicitation Statement) on terms satisfactory to it, and having funds available therefrom that will allow it to purchase the Notes pursuant to the tender offer and consent solicitation.
In addition, because Cheniere Partners received Consents in respect of a majority of the aggregate principal amount of the Notes then outstanding (excluding Notes held by Cheniere Partners or its affiliates) (the "Requisite Consents") as of the Early Tender Deadline, Cheniere Partners expects to execute and deliver a supplemental indenture to the Indenture giving effect to the Proposed Amendment promptly after accepting for purchase the Early Tender Notes on the Early Settlement Date. The Proposed Amendment is expected to become operative on the Early Settlement Date, after which Cheniere Partners intends to issue a notice of redemption to redeem all of the Notes not purchased pursuant to the tender offer and consent solicitation on the Early Settlement Date. This press release shall not constitute a notice of redemption under the Indenture or an obligation to issue a notice of redemption.
Cheniere Partners has retained RBC Capital Markets, LLC to act as the dealer manager and solicitation agent and Ipreo LLC to act as the tender and information agent for the tender offer and consent solicitation. For additional information regarding the terms of the tender offer and consent solicitation, please contact RBC Capital Markets, LLC collect at (212) 618-7843 or toll-free at (877) 381-2099. Requests for copies of the Offer to Purchase and Consent Solicitation Statement and questions regarding the tendering of notes and delivery of consents may be directed to Ipreo LLC at (212) 849-3880 (for banks and brokers) or (888) 593-9546 (all others, toll-free) or email This email address is being protected from spambots. You need JavaScript enabled to view it..
This press release is for informational purposes only and does not constitute an offer to purchase securities or a solicitation of an offer to sell any securities or an offer to sell or the solicitation of an offer to purchase any securities nor does it constitute an offer or solicitation in any jurisdiction in which such offer or solicitation is unlawful.
None of Cheniere Partners, the tender and information agent, the dealer manager and solicitation agent or the trustee (nor any of their respective directors, officers, employees or affiliates) makes any recommendation as to whether holders should tender their Notes pursuant to the tender offer and deliver any related consents, and no one has been authorized by any of them to make such a recommendation. Holders must make their own decisions as to whether to tender their Notes, and, if so, the principal amount of Notes to tender.
Forward-Looking Statements
This press release contains certain statements that may include “forward-looking statements.” All statements, other than statements of historical or present facts or conditions, included herein are “forward-looking statements.” Included among “forward-looking statements” are, among other things, statements regarding Cheniere Partners’ business strategy, plans and objectives, including statements regarding the intended conduct, timing and terms of the tender offer and consent solicitation, related financing plans and any future actions by Cheniere Partners in respect of the Notes. Although Cheniere Partners believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Cheniere Partners’ actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in Cheniere Partners’ periodic reports that are filed with and available from the Securities and Exchange Commission. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Other than as required under the securities laws, Cheniere Partners does not assume a duty to update these forward-looking statements.
Cheniere Partners
Investors
Randy Bhatia 713-375-5479
Media Relations
Eben Burnham-Snyder 713-375-5764
KENNESAW, Ga.--(BUSINESS WIRE)--Yamaha Marine introduced its HARMO electric outboard system to the U.S. market today during the 2021 International Boatbuilders Exhibition and Conference (IBEX®) in Tampa, Florida.
Coupling a 48-volt power supply with a high-yield, low-drag 3.7-kilowatt motor, HARMO’s rim-drive electric motor and specially encased impeller provide an incredible 225 pounds of static thrust - the equivalent of a conventional 9.9-horsepower gas-powered motor. Run times depend on battery type, size, configuration and operational parameters.
While rim drive motors have been deployed for thrusters and other marine applications, this is the first application in an outboard motor.
“HARMO is the perfect system for horsepower or internal-combustion restricted waterways. Ultimately, it is up to our boat builder customers to decide how to integrate it into their boats, and we are eager to see the result,” said Ben Speciale, President, Yamaha Marine U.S. Business Unit.
The system includes Helm Master® EX system controls (including the joystick) for simple, intuitive operation in a clean, quiet system. HARMO also features integrated Digital Electric Steering (DES), and a 140-degree total steering angle, combining strong, smooth acceleration with incredibly sharp handling and control. The control system can rotate a single-engine boat within its length and allows for true lateral operation in twin configuration. Additionally, its extreme 74-degree tilt angle helps keeps the impeller clear of the water when not in use.
The motor offers virtually silent operation, quick response, crisp and dramatic maneuvering, and easy-to-understand and operate controls. Available in single or twin configurations, the HARMO motor unit weighs 121 pounds and the system can effectively maneuver boats up to 32 feet in most conditions.
The latest product to emerge from Yamaha’s CommandBlue™ engineering and design philosophy, HARMO combines advanced propulsion technology, environmental awareness, future vision and proven joystick control to provide high thrust and maneuverability
Yamaha’s CommandBlue philosophy drives the design and development of new, connected technologies and technology-based products from the consumer’s perspective, specifically to simplify boating and instill deep feelings of confidence, satisfaction, and excitement while on the water.
Deriving its name from the harmony that exists between a vessel, its propulsion system, its passengers and the environment, HARMO is available through boat builders only and in European markets now. U.S. availability is expected within 18 months.
For boat builders, marine industry dealers, aftermarket suppliers and buyers, designers, repairers, surveyors, and boatyard/marine operators, IBEX® is the single source for the latest boatbuilding technologies, tools, and materials.
Yamaha Marine products are marketed throughout the United States and around the world. Yamaha Marine U.S. Business Unit, based in Kennesaw, Ga., supports its 2,400 U.S. dealers and boat builders with marketing, training and parts for Yamaha’s full line of products and strives to be the industry leader in reliability, technology and customer service. Yamaha Marine is the only outboard brand to have earned NMMA®’s C.S.I. Customer Satisfaction Index award every year since its inception.
REMEMBER to always observe all applicable boating laws. Never drink and drive. Dress properly with a USCG-approved personal floatation device and protective gear.
®2021 Yamaha Motor Corporation, U.S.A. All rights reserved.
This document contains many of Yamaha’s valuable trademarks. It may also contain trademarks belonging to other companies. Any references to other companies or their products are for identification purposes only and are not intended to be an endorsement.
Brad Massey
Manager, Corporate Communications and Video
Yamaha U.S. Marine Engine Systems
Office: (770) 701-3294
Mobile: (470) 227-9024
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Neal Wheaton
Wilder+Wheaton for
Yamaha Marine Engine Systems
Mobile: (404) 317-0698
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TULSA, Okla.--(BUSINESS WIRE)--Helmerich & Payne, Inc. (NYSE:HP) (“H&P” or the “Company”) announced today that it has priced its previously announced private offering (the “Offering”) of $550 million aggregate principal amount of 2.900% senior notes due 2031 (the “Notes”) to persons reasonably believed to be qualified institutional buyers in the United States pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and to certain non-U.S. persons in transactions outside the United States pursuant to Regulation S under the Securities Act. The offering size was increased from the previously announced offering size of $500 million in aggregate principal amount.
The Company intends to use the net proceeds from the Offering, plus cash on hand, to redeem and retire all of the Company’s outstanding 4.65% Senior Notes due 2025 (the “2025 Notes”). As of the date of this press release, $487.1 million aggregate principal amount of the 2025 Notes are outstanding. The Offering is not conditioned on the redemption of the 2025 Notes.
The Offering is expected to close on September 29, 2021, subject to customary closing conditions.
The Notes have not been registered under the Securities Act or any state or foreign securities laws and may not be offered or sold in the United States or to, or for the benefit of, U.S. persons absent registration under, or an applicable exemption from, the registration requirements of the Securities Act and any applicable state or foreign securities laws.
This press release does not constitute an offer to sell or purchase, or a solicitation of an offer to sell or purchase, any security. No offer, solicitation, purchase or sale will be made in any jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The Offering is being made solely pursuant to a private offering circular and only to such persons and in such jurisdictions as are permitted under applicable law.
About Helmerich & Payne, Inc.
Founded in 1920, Helmerich & Payne, Inc. is committed to delivering industry leading drilling productivity and reliability. H&P operates with the highest level of integrity, safety and innovation to deliver superior results for our customers and returns for shareholders. Through its subsidiaries, the Company designs, fabricates and operates high-performance drilling rigs in conventional and unconventional plays around the world. H&P also develops and implements advanced automation, directional drilling and survey management technologies.
Forward-Looking Statements
This release includes “forward-looking statements” within the meaning of the Securities Act and the Securities Exchange Act of 1934, as amended, and such statements are based on current expectations and assumptions that are subject to risks and uncertainties. All statements other than statements of historical facts included in this release, including, without limitation, statements regarding the closing of the Offering, the intended use of proceeds or other aspects of the Offering and the Notes, and the redemption of the 2025 Notes, are forward-looking statements. For information regarding risks and uncertainties associated with the Company’s business, please refer to the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of the Company’s filings with the Securities and Exchange Commission, including but not limited to its annual report on Form 10‑K, quarterly reports on Form 10‑Q and current reports on Form 8-K. As a result of these factors, the Company’s actual results may differ materially from those indicated or implied by such forward-looking statements. We undertake no duty to update or revise our forward-looking statements based on changes in internal estimates, expectations or otherwise, except as required by law.
IR Contact:
Dave Wilson, Vice President of Investor Relations
918-588-5190
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LONDON--(BUSINESS WIRE)--#Affiliates--TigerWit, a leading financial services provider, announces plans to open offices in Southern Africa in the Republic of Botswana. TigerWit plans to open its sales and customer service centre in the Republic of Botswana to expand its presence and education in the region due to the growing demand.
The company is planning to expand its presence to Southern Africa region through the company’s new Botswana office and a solid partnership with Cejay FX Trading Company, a local company that has offered online trading educational services for more than 5 years in the region.
Commenting on the recent announcement, Edmond Chukwujioke, Regional Director of TigerWit East Africa, said: “I am so proud of our TigerWit team for their hard work to bring financial knowledge & experience to the Southern African region. The opening of our offices in Botswana will be a milestone for the company and a great opportunity to be closer to our African clients and deliver an even higher quality of service while working side by side with our partners”.
TigerWit is currently offering its clients instant access to financial instruments including oil, shares and gold through the trading app on iOS and Android. Through the recent opening, TigerWit aims to accelerate its expansion in the Southern Africa region.
Mr Chukwujioke added: “Our trading technology is based on blockchain and rare within the region. This along with the innovative and advanced platforms and services we provide puts TigerWit well ahead of the curve, in line with the transparency we’re known for globally. I’m immensely excited about this new challenge, and I look forward to witnessing what we can achieve in the region and being able to greet clients to provide a personal touch”.
Statement from the CEO Gillian Lao Redding: “We are delighted to have partnered with a world class Broker TigerWit, that has been a front runner in innovation, excellent customer service and transparency in the Online Trading industry.
TigerWit’s copy trading platform has indeed made trading very easy for clients. We look forward to this strategic partnership and our doors are wide open to welcome to all our clients”.
TigerWit offers Forex, Stock and Oil trading to global clients via its award-winning app.
Alice Wang
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The company name change signals a new transition in algal biotech for climate mitigation solutions
SAN DIEGO--(BUSINESS WIRE)--Synthetic Genomics, Inc., a privately held biotechnology company, announced that it will begin operating under its new corporate name, Viridos, Inc., effective today. The name change from Synthetic Genomics to Viridos is part of the company’s broader effort to deploy its cutting-edge genomic expertise and algal engineering platforms that create transformative solutions to climate change.
“The name Viridos, drawn from the Latin word viridis, translating to green and fresh, represents our company’s mission to design revolutionary technologies, products and systems that enable businesses and governments to implement sustainable solutions needed to mitigate climate change,” said Viridos’ CEO, Dr. Oliver Fetzer. “It is my hope that our new name, Viridos, not only signals our best-in-class algal biotechnology, but also becomes a byword for a new bioeconomy of solutions that enable the world to decarbonize and build more sustainable systems.”
Founded in 2005 by leading figures in synthetic biology, including J Craig Venter and Hamilton Smith, Synthetic Genomics/Viridos quickly established itself as a powerhouse for innovative research, transplanting the first genome, synthesizing the first bacterial genome and creating the first synthetic cell. In addition to their work in sustainable algal biofuel, Viridos is deploying its expertise in algal genomics, photosynthesis and advanced agronomics to decarbonize other industries that need to operate more sustainably. Viridos’ algal biofuel research is part of a 12-year partnership with ExxonMobil to bring advanced biofuels to the transportation market.
“Our work with Viridos has helped advance the science of algae as a next generation biofuel and a lower-emission alternative for heavy transportation,” said Vijay Swarup, vice president for research and development at ExxonMobil Research and Engineering Company. “ExxonMobil is committed to researching, developing and deploying lower-carbon energy technologies that help society achieve its net zero ambitions.”
About Viridos
Viridos (formerly Synthetic Genomics, Inc) is a privately held biotechnology company harnessing the power of photosynthesis to create transformative solutions to mitigate climate change. Our unparalleled understanding of algal genetics and ability to translate innovation from lab to field underpins our initial deployment: a scalable platform to produce low-carbon intensity biofuels for aviation, commercial trucking, and maritime shipping. Building on a legacy of genomic firsts, our team of scientists and engineers are shaping new pathways toward a sustainable bioeconomy.
Kate Raley McIlroy - This email address is being protected from spambots. You need JavaScript enabled to view it.
7 Saturdays to a More Fire-Resistant Home helps Californians prepare for wildfire season
SAN FRANCISCO--(BUSINESS WIRE)--In the second episode of Pacific Gas and Electric Company’s (PG&E) digital video safety series, “7 Saturdays to a More Fire-Resistant Home,” customers will learn how to maintain 100-feet of defensible space around their property (or to the property line).
The “7 Saturdays” series is co-hosted by David Hawks, a PG&E Senior Public Safety Specialist and former CAL FIRE Chief of the Butte Unit. According to Hawks, “Taking the time to create and maintain defensible space by removing or reducing fuels on your property out to a 100-foot buffer around your home and other buildings will go a long way in reducing the spread and intensity of an active wildfire.” With over 31 years serving California as a firefighter, Hawks understands that simple tasks can help protect homes. This episode will show people:
You can watch the new episode now on the Safety Action Center (safetyactioncenter.pge.com), PG&E’s online preparedness resource, which provides information to help customers keep their families, homes, and businesses safe during natural disasters and other emergencies. New episodes will launch every week, for seven weeks, naturally.
About PG&E
Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is a combined natural gas and electric utility serving more than 16 million people across 70,000 square miles in Northern and Central California. For more information, visit pge.com and pge.com/news.
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415-973-5930
DEARBORN, Mich.--(BUSINESS WIRE)--Ford Motor Company is announcing plans to bring electric vehicles at scale to American customers with two new massive, environmentally and technologically advanced campuses in Tennessee and Kentucky that will produce the next generation of electric F-Series trucks and the batteries to power future electric Ford and Lincoln vehicles.
Ford plans to make the largest ever U.S. investment in electric vehicles at one time by any automotive manufacturer and, together with its partner, SK Innovation, plans to invest $11.4 billion and create nearly 11,000 new jobs at the Tennessee and Kentucky mega-sites, strengthening local communities and building on Ford’s position as America’s leading employer of hourly autoworkers.
An all-new $5.6 billion mega campus in Stanton, Tenn., called Blue Oval City, will create approximately 6,000 new jobs and reimagine how vehicles and batteries are manufactured.
Blue Oval City will become a vertically integrated ecosystem for Ford to assemble an expanded lineup of electric F-Series vehicles and will include a BlueOvalSK battery plant, key suppliers and recycling. Ford’s new Tennessee assembly plant is designed to be carbon neutral with zero waste to landfill once fully operational.
In central Kentucky, Ford plans to build a dedicated battery manufacturing complex with SK Innovation – the $5.8 billion BlueOvalSK Battery Park – creating 5,000 jobs. Twin battery plants on the site are intended to supply Ford’s North American assembly plants with locally assembled batteries for powering next-generation electric Ford and Lincoln vehicles. Investments in the new Tennessee and Kentucky battery plants are planned to be made via BlueOvalSK, a new joint venture to be formed by Ford and SK Innovation, subject to definitive agreements, regulatory approvals and other conditions.
“This is a transformative moment where Ford will lead America’s transition to electric vehicles and usher in a new era of clean, carbon-neutral manufacturing,” said Ford Executive Chair Bill Ford. “With this investment and a spirit of innovation, we can achieve goals once thought mutually exclusive – protect our planet, build great electric vehicles Americans will love and contribute to our nation’s prosperity.”
This news comes amid strong demand for the all-new Ford F-150 Lightning truck, E-Transit and Mustang Mach-E electric vehicles, and is on top of Ford’s recent announcement to expand production capacity and add jobs at the Ford Rouge Electric Vehicle Center in Dearborn, Mich.
“This is our moment – our biggest investment ever – to help build a better future for America,” said Jim Farley, Ford president and CEO. “We are moving now to deliver breakthrough electric vehicles for the many rather than the few. It’s about creating good jobs that support American families, an ultra-efficient, carbon-neutral manufacturing system, and a growing business that delivers value for communities, dealers and shareholders.”
Ford’s $7 billion investment is the largest ever manufacturing investment at one time by any automotive manufacturer in the U.S. Part of Ford’s more-than-$30 billion investment in electric vehicles through 2025, this investment supports the company’s longer-term goal to create a sustainable American manufacturing ecosystem, and to accelerate its progress towards achieving carbon neutrality, backed by science-based targets in line with the Paris Climate Agreement. Overall, Ford expects 40% to 50% of its global vehicle volume to be fully electric by 2030.
“We are proud to be partnering with Ford as they open a new chapter in automobile history,” said Dongseob Jee, president of battery business, SK Innovation. “We are excited to be taking this decisive leap together, as partners, and to bring about our common vision for a cleaner planet. Our joint venture, BlueOvalSK, will embody this spirit of collaboration. We look forward to growing our trust-based partnership by delivering on our market-leading value proposition, experience and cutting-edge expertise.”
All-new Ford Blue Oval City
Reimagining how electric vehicles – and the batteries that power them – are designed, manufactured and recycled, Ford is creating an all-new electric vehicle manufacturing ecosystem.
Blue Oval City will be among the largest auto manufacturing campuses in U.S. history. Like the iconic Rouge complex in Michigan did a century earlier, Blue Oval City will usher in a new era for American manufacturing.
The 3,600-acre campus covering nearly 6 square miles will encompass vehicle assembly, battery production and a supplier park in a vertically integrated system that delivers cost efficiency while minimizing the carbon footprint of the manufacturing process. The assembly plant will use always-on cloud-connected technologies to drive vast improvements in quality and productivity. The mega campus is designed to add more sustainability solutions, including the potential to use local renewable energy sources such as geothermal, solar and wind power.
“West Tennessee is primed to deliver the workforce and quality of life needed to create the next great American success story with Ford Motor Company and SK Innovation,” said Tennessee Gov. Bill Lee. “This is a watershed moment for Tennesseans as we lead the future of the automotive industry and advanced manufacturing.”
Creating approximately 6,000 jobs, Blue Oval City will be a hive of technical innovation to build next-generation electric F-Series trucks. This growth opportunity will allow Ford to reach new customers with an expanded electric truck lineup.
“Blue Oval City’s assembly plant will harness Ford’s global manufacturing expertise and cutting-edge technologies to deliver cost efficiencies and the quality that our customers expect,” said Kumar Galhotra, Ford president, Americas & International Markets Group. “This will enable Ford to lead in the race to bring dependable, affordable and advanced electric vehicles to even more Americans.”
Bigger assembly plant, smaller environmental impact
Despite its size, the assembly plant at Blue Oval City is designed to have as minimal an impact as possible on the surrounding environment – and even to generate positive impacts. The assembly plant’s goal is to have a regenerative impact on the local environment through biomimicry in design of the facility. From the start of production in 2025, Ford’s goal is for the assembly plant to be carbon neutral.
Through an on-site wastewater treatment plant, the assembly plant aspires to make zero freshwater withdrawals for assembly processes by incorporating water reuse and recycling systems. Zero-waste-to-landfill processes will capture materials and production scrap at an on-site materials collection center to sort and route materials for recycling or processing either at the plant or at off-site facilities once the plant is operational.
Ford is collaborating with Redwood Materials, a leading battery materials company, to make electric vehicles more sustainable and affordable for Americans by localizing the supply chain network, creating recycling options for scrap and end-of-life vehicles, and ramping up lithium-ion recycling. Ford believes battery recycling is essential for the success of an electrified future and has the potential to offer significant economic benefits as well as help solve for end-of-life battery recycling.
BlueOvalSK Battery Park
Joining the Ford electric manufacturing revolution is a planned $5.8 billion, 1,500-acre BlueOvalSK battery manufacturing campus in Glendale, Ky., which is targeted to open in 2025.
Twin co-located plants will be capable of producing up to 43 gigawatt hours each for a total of 86 gigawatt hours annually. Together, these American-made batteries will power next-generation electric Ford and Lincoln vehicles.
Bringing 5,000 new jobs to Kentucky, BlueOvalSK Battery Park will be centrally located to support Ford’s North American assembly plants’ footprint.
“We thank Ford Motor Company and SK Innovation for their investment in Team Kentucky,” said Kentucky Gov. Andy Beshear. “This is the single largest investment in the history of our state and this project solidifies our leadership role in the future of the automotive manufacturing industry. It will transform our economy, creating a better Kentucky, with more opportunities, for our families for generations. Our economy is on fire – or maybe it’s electric. Our time is now. Our future is now.”
Technician investments in Texas and the U.S.
Ford is investing $90 million in Texas alone as part of a $525 million total investment across the U.S. during the next five years to transform America’s auto technician industry. The investment will go toward job training and career readiness initiatives for the current and next generation of technicians. These programs aim to develop highly skilled technicians and will support Ford’s growing portfolio of connected electric vehicles.
About Ford Motor Company
Ford Motor Company (NYSE: F) is a global company based in Dearborn, Michigan, that is committed to helping build a better world, where every person is free to move and pursue their dreams. The company’s Ford+ plan for growth and value creation combines existing strengths, new capabilities and always-on relationships with customers to enrich experiences for and deepen the loyalty of those customers. Ford designs, manufactures, markets and services a full line of connected, increasingly electrified passenger and commercial vehicles: Ford trucks, utility vehicles, vans and cars, and Lincoln luxury vehicles. The company is pursuing leadership positions in electrification, connected vehicle services and mobility solutions, including self-driving technology, and provides financial services through Ford Motor Credit Company. Ford employs about 182,000 people worldwide. More information about the company, its products and Ford Motor Credit Company is available at corporate.ford.com.
About SK Innovation & Battery Business
Established as South Korea’s first oil refining company in 1962, SK Innovation engages in diverse areas of business, including exploration and production (E&P), batteries, and information and electronics materials. It owns SK Energy, South Korea’s No. 1 refining company; SK Global Chemical, the leader in the domestic petrochemical industry; SK Lubricants, a global lubricants company; SK Incheon Petrochem, a refining and chemical company; SK Trading International, a trader of crude oils and petrochemicals; and SK IE Technology, a global information and electronic material solution company. SK Innovation will split off its battery business on October 1 as a wholly owned subsidiary to accelerate business growth and promote corporate value. As part of their management system, SK Innovation pursues the maximization of happiness for all stakeholders. It is for this reason that SK Innovation recognizes the importance of and pays attention to social enterprise, a way to create social values through business.
For news releases, related materials and high-resolution photos and video, visit www.media.ford.com.
Martin Gunsberg
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