DUBLIN--(BUSINESS WIRE)--The "Scoop Stack Shale in the United States of America - Oil and Gas Shale Market Analysis and Outlook to 2025" report has been added to ResearchAndMarkets.com's offering.
The report analyzes the crude oil and natural gas appraisal and production activities in Scoop Stack shale play in the US.
In the US midcontinent region, the Scoop-Stack shale is a prolific shale play located in the central and southern part of the state of Oklahoma. This shale broadly comprises South Central Oklahoma Oil Province (Scoop) and Sooner Trend, Anadarko, Canadian, and Kingfisher (Stack).
These are two basins with different geologic formations and hydrocarbon deposition. Scoop-Stack is not a traditional shale play; rather it contains different layers of stacked pay with different rock types. Its complex formation has an impact on changing hydrocarbon mix across the play.
Inconsistent geology made the hydrocarbon extraction quite difficult and eventually Scoop-Stack emerged as a high-cost resource for US shale drillers. However, in recent years, development in fracking and directional drilling technology have helped producers to obtain better returns from this shale play.
Scope
Reasons to Buy
Key Topics Covered:
1. Overview
1.1 Scoop Stack Shale, Recent Developments and Trends
2. Scoop Stack Shale, Introduction
2.1 Scoop Stack Shale, Formation Overview
3. Scoop Stack Shale, Production and Activity Overview
3.1 Scoop Stack Shale, Production Analysis, 2017-2019
3.2 Scoop Stack Shale, COVID-19 Impact on Production
3.3 Scoop Stack Shale, Production Outlook, 2021-2025
3.4 Scoop Stack Shale, Drilling Activity
3.5 Well profile
4. Scoop Stack Shale, Competitive Benchmarking
4.1 Scoop Stack Shale, Major Companies with Prominent Presence, 2020
4.2 Scoop Stack Shale, Completion Parameters, 2020
4.3 Scoop Stack Shale, Future Plans of Major Companies
4.4 Scoop Stack Shale, Cost Trends, 2020
5. Scoop Stack Shale, Analysis of Bankrupt Companies
5.1 Gulfport Energy Corp
5.2 Chaparral Energy Inc
6. Scoop Stack Shale, Associated Infrastructure
6.1 Pipelines
7. Mergers and Acquisition Activity in the Scoop Stack Shale, 2018-2020
7.1 Overview of M&A Activity
7.2 Major Acquisitions
8. Scoop Stack Shale, Analysis of Major Companies
8.1 Cimarex Energy Company
8.2 Chesapeake Energy
8.3 ExxonMobil Corporation
8.4 Marathon Oil Corporation
8.5 BP plc
8.6 Continental Resources, Inc.
8.7 Alta Mesa Holdings, LP
8.8 Unit Corporation
8.9 Gulfport Energy Corporation
8.10 Sandridge Energy Inc
8.11 Linn Energy Inc
8.12 EOG Resources, Inc.
8.13 Chaparral Energy
8.14 Jones Energy, Inc.
8.15 Sundance Energy
8.16 Ovintiv Inc
9. Appendix
For more information about this report visit https://www.researchandmarkets.com/r/iwoda0
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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Second-largest western Canadian TSX-listed company on list
CALGARY, Canada--(BUSINESS WIRE)--$BLN #TSX--Blackline Safety Corp. (TSX: BLN), a global leader of gas detection and connected safety solutions, today announced it was included on the list of the Globe and Mail’s 2021 Report on Business ranking of Canada’s Top Growing Companies.
Canada’s Top Growing Companies ranks Canadian companies on three-year revenue growth. Blackline Safety earned its No. 182 spot with three-year revenue growth of 230% and is the second-largest TSX-listed company in Western Canada—and the only Calgary-based one—on the list.
Last week, in its Q3 fiscal 2021 results, Blackline announced it achieved its eighteenth consecutive quarter of year-over-year quarterly revenue growth and maintained strong adoption of its products and services – particularly across Europe and the United States – despite the impact of the pandemic.
“Our steady growth in cloud-connected safety technology over the last several years reflects the strength of our team, our revenue model and the value our products and services bring to meeting the safety challenges of our customers across the world,” said Cody Slater, CEO and Chair, Blackline Safety.
“Despite global challenges across 2020 and 2021, we continue to see growth resulting from our innovative products, analytics and reporting capabilities that offer best-in-class worker protection in a world that needs it as much as ever.”
“As we look toward the future, Canada’s Top Growing Companies offer both inspiration and practical insights for other firms facing similar challenges,” says James Cowan, Editor of Report on Business magazine. “The entrepreneurs behind these companies are smart, tenacious and unwavering in their commitment to their goals.”
Launched in 2019, the Canada’s Top Growing Companies editorial ranking aims to celebrate entrepreneurial achievement in Canada by identifying and amplifying the success of growth-minded, independent businesses in Canada. It is a voluntary program; companies had to complete an in-depth application process in order to qualify. In total, 448 companies earned a spot on this year’s ranking.
“Any business leader seeking inspiration should look no further than the 448 businesses on this year’s Report on Business ranking of Canada’s Top Growing Companies,” says Phillip Crawley, Publisher and CEO of The Globe and Mail. “Their growth helps to make Canada a better place, and we are proud to bring their stories to our readers.”
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 men and women, 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.
Blackline Safety
Christine Gillies, Chief Marketing Officer
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+1 (403) 629-9434
DUBLIN--(BUSINESS WIRE)--The "Global Oil and Gas Final Investment Decisions (FIDs) in 2021" report has been added to ResearchAndMarkets.com's offering.
The onset of the COVID-19 pandemic in 2020 forced the postponement of many of the global Final Investment Decisions (FIDs) targeted across the oil and gas value chain last year, particularly in the case of capital-intensive projects.
The pool of projects targeting FID this year are therefore broadly similar to a year ago. Many of these are gas-related and reflect its importance across the value chain, as countries and companies continue to take measures to reduce carbon emissions and plan to become carbon neutral over the coming decades.
Scope
Key Topics Covered:
1. Global Oil and Gas FIDs in 2021
2. Upstream
2.1 List of Upstream Production Projects Targeting FIDs in 2021
3. Midstream
3.1 List of Oil and Gas Midstream Projects Targeting FIDs in 2021
4. Refining and Petrochemicals
4.1 List of Refining and Petrochemical Plants Targeting FIDs in 2021
5. Appendix
For more information about this report visit https://www.researchandmarkets.com/r/ki0r67
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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This news release constitutes a “designated news release” for the purposes of Emera’s prospectus supplement dated August 12, 2021 to its short form base shelf prospectus dated August 5, 2021.
HALIFAX, Nova Scotia--(BUSINESS WIRE)--On September 24, 2021 the Board of Directors of Emera Inc. (TSX: EMA) approved an increase in the annual common share dividend to $2.65 from $2.55 per common share and extended its dividend growth rate target of four to five per cent through to 2024.
“We continue to see opportunity for growth as we execute on our strategy of investing in a lower carbon energy transition that is affordable and reliable for our customers,” said Scott Balfour, President and CEO of Emera Inc. “These investments are expected to continue to drive cash flow and EPS growth, which supports the increase in our dividend for 2022 and the extension of our dividend growth target of four to five percent through 2024.”
Forward Looking Information
This news release contains forward-looking information within the meaning of applicable securities laws. By its nature, forward-looking information requires Emera to make assumptions and is subject to inherent risks and uncertainties. These statements reflect Emera management’s current beliefs and are based on information currently available to Emera management. There is a risk that predictions, forecasts, conclusions and projections that constitute forward-looking information will not prove to be accurate, that Emera’s assumptions may not be correct and that actual results may differ materially from such forward-looking information. Additional detailed information about these assumptions, risks and uncertainties is included in Emera’s securities regulatory filings, including under the heading “Business Risks and Risk Management” in Emera’s annual Management’s Discussion and Analysis, and under the heading “Principal Risks and Uncertainties” in the notes to Emera’s annual and interim financial statements, which can be found on SEDAR at www.sedar.com.
About Emera
Emera Inc. is a geographically diverse energy and services company headquartered in Halifax, Nova Scotia, with approximately $31 billion in assets and 2020 revenues of more than $5.5 billion. The company primarily invests in regulated electricity generation and electricity and gas transmission and distribution with a strategic focus on transformation from high carbon to low carbon energy sources. Emera has investments in Canada, the United States and in four Caribbean countries. Emera’s common and preferred shares are listed on the Toronto Stock Exchange and trade respectively under the symbol EMA, EMA.PR.A, EMA.PR.B, EMA.PR.C, EMA.PR.E, EMA.PR.F, EMA.PR.H and EMA.PR.J. Depositary receipts representing common shares of Emera are listed on the Barbados Stock Exchange under the symbol EMABDR and on The Bahamas International Securities Exchange under the symbol EMAB. Additional information can be accessed at www.emera.com or at www.sedar.com.
Emera Inc.
Investor Relations
Dave Bezanson VP, Investor Relations & Pensions
902-474-2126
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Media
902-222-2683
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DUBLIN--(BUSINESS WIRE)--The "Oil and Gas 4.0 - Underlying Technologies, Use Cases and Telco Positioning Strategies" report has been added to ResearchAndMarkets.com's offering.
"Oil and Gas 4.0 - Underlying Technologies, Use Cases and Telco Positioning Strategies" is a new Global Outlook Report that provides an executive-level overview of the Oil & Gas 4.0 market.
It delivers deep qualitative insights into the Oil & Gas 4.0 market, Oil & Gas 4.0 value chain, and ecosystem dynamics. It also analyzes key trends in the Oil & Gas 4.0 market and provides insights into telco activity, positioning approaches and value propositions.
Oil & Gas 4.0 utilizes the foundation set by Industry 4.0 and leverages advanced technologies to increase efficiency, sustainability, achieve higher yields, and create a safer, accident-free working environment. The traditional oil & gas sector has generated an excess of data but has struggled to make use of it.
Oil & Gas 4.0 is the utilization of technology to collect data, gain visibility over field operations and assets, derive actionable insights and automate the oil & gas value chain. Some of the technologies being leveraged for Oil & Gas 4.0 are connectivity & 5G, IoT, cloud & edge computing, big data analytics, AI/ML, drones, and robotics.
The report provides an in-depth analysis of the following
Scope
Key Topics Covered:
Section 1: The Oil & Gas Ecosystem
Section 2: The Oil & Gas 4.0 Ecosystem
Section 3: Oil & Gas 4.0 Use Cases
Section 4: Oil & Gas 4.0 Case Studies
Section 5: Key Findings and Recommendations
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/m3d52e
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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SAN FRANCISCO--(BUSINESS WIRE)--PG&E Corporation shared the following statement from CEO Patti Poppe today regarding criminal charges filed by the Shasta County District Attorney’s office related to the September 2020 Zogg Fire.
“We are all devastated by the effects of wildfire here in California. My heart aches. I have seen firsthand how devastating it is and have spoken with many of those most harmed. These communities are the hometowns where my coworkers live and work, too. While I am new to this environment, I hope my heart never becomes hardened to the devastation that catastrophic wildfire can cause.
I came to PG&E to make it right and make it safe, which is a commitment that my 40,000 coworkers and contract partners all share. We’ve already resolved many victim claims arising from the Zogg Fire, along with the claims by the counties of Shasta and Tehama. And we are working hard to resolve the remaining claims.
We’ve accepted CAL FIRE’s determination, reached earlier this year, that a tree contacted our electric line and started the Zogg Fire. We accept that conclusion. But we did not commit a crime.
Today's climate and unprecedented drought have forever changed the relationship between trees and power lines. And please know we’re not sitting idly by. We have established a new standard for our lines and the vegetation near them because it poses such a real risk to our communities.
For example, on the Zogg Fire, the tree that started the fire is one of over 8 million trees within striking distance to our lines. Here are a few other facts.
Between October 2018 and last year’s Zogg Fire:
This vital safety work is all done by real people who are trying every day to do the right thing. Trained, professional people - my PG&E coworkers and our extended contractor family. Arborists, specifically, are trained professionals and sometimes, just like doctors or architects, they can have professional differences. There will be debates about the facts around the tree that started the Zogg Fire. Professional debate in the service of doing what is right and continuously improving.
This was a tragedy, four people died. And my coworkers are working so hard to prevent fires and the catastrophic losses that come with them. They have dedicated their careers to it, criminalizing their judgment is not right. Failing to prevent this fire is not a crime.
Right now, PG&E is:
We are seeing signs of progress. For example, even during this year, with extreme drought conditions, we have reduced our ignitions over 50%.
That is our best ever performance since we have been tracking this and yet, we are still dissatisfied. That’s why we are not going to stop there.
We’re putting everything we’ve got into preventing wildfires and reducing the risk. Though it may feel satisfying for the company of PG&E to be charged with a crime, what I know is the company of PG&E is people, 40,000 people who get up every day to make it safe and to end catastrophic wildfire and tragedies like this.
Let’s be clear, my coworkers are not criminals. We welcome our day in court so people can learn just that.”
Poppe’s statement is also available on PG&E Currents and broadcast quality video is available here.
Details about PG&E’s efforts to further reduce the growing wildfire risk, harden its systems, and use new technologies to help keep its communities safe can be found in the company’s 2021 Wildfire Mitigation Plan.
About PG&E Corporation
PG&E Corporation (NYSE: PCG) is the parent company of Pacific Gas and Electric Company (PG&E or the “Utility”), 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 pgecorp.com.
Forward-Looking Statements
This news release contains forward-looking statements that are not historical facts, including statements about the beliefs, expectations, estimates, future plans and strategies of PG&E Corporation and the Utility, including but not limited to the criminal charges filed in connection with the 2020 Zogg fire and the Utility’s vegetation management and system hardening efforts. These statements are based on current expectations and assumptions, which management believes are reasonable, and on information currently available to management, but are necessarily subject to various risks and uncertainties. In addition to the risk that these assumptions prove to be inaccurate, factors that could cause actual results to differ materially from those contemplated by the forward-looking statements include factors disclosed in PG&E Corporation and the Utility's joint annual report on Form 10-K for the year ended December 31, 2020, their most recent quarterly report on Form 10-Q for the quarter ended June 30, 2021, and other reports filed with the Securities and Exchange Commission, which are available on PG&E Corporation's website at pgecorp.com and on the SEC website at www.sec.gov. PG&E Corporation and the Utility undertake no obligation to publicly update or revise any forward-looking statements, whether due to new information, future events or otherwise, except to the extent required by law.
MEDIA RELATIONS:
415-973-5930
BOSTON--(BUSINESS WIRE)--#LifeIsOn--Schneider Electric, the leader in the digital transformation of energy management and automation, today announced that its Smart Factory in Lexington, Kentucky was recognized as a Sustainability Lighthouse – one of only three worldwide – by the World Economic Forum (WEF).
The WEF’s Sustainability Lighthouses recognize that by realizing the potential of Fourth Industrial Revolution (4IR) technologies in manufacturing, companies can unlock new levels of sustainability in their operations and explore a win-win solution: greater operational competitiveness while simultaneously making commitments to environmental stewardship, leading in a cleaner, more sustainable future as a result.
In order to capture greater energy consumption granularity, when and where it happens in the plant, the Lexington smart factory leveraged IoT connectivity with power meters and predictive analytics to optimize energy cost, and as a result this led to 26% energy reduction (GWh), 30% net CO2 reduction, and 20% water use reduction and certification by the U.S. Department of Energy as Platinum Superior Energy Performance 50001.
“We continue to place an emphasis on sustainability – both in the products we offer our customers and in the way our facilities operate to produce those products,” said Kenneth Engel, Senior Vice President, Global Supply Chain, North America, Schneider Electric. “Our Lexington Smart Factory is an example to manufacturing facilities around the country that sustainability needs to be part of their operational model and that smart, connected technologies can drive efficiency, profitability and sustainability together.”
In 2020, the Lexington Smart Factory earned the status of end-to-end Advanced Manufacturing Lighthouse for adopting 4IR technologies to transform factories, value chains and business models. Lexington has embraced Schneider Electric’s 4IR-based EcoStruxure technology to rebuild its end-to-end value chain. Using the latest digital tools like automated supply chain management, 5G supported flexible production, augmented reality, and digital twins to improve flexibility to improve flexibility, efficiency, time to market, and sustainability.
In collaboration with McKinsey & Company, WEF began the Global Lighthouse Network initiative in 2018 to recognize manufacturers leading growth of the 4IR. Lexington is among a list of 90 sites in the Global Lighthouse Network who create innovation in business models and increased customer value through 4IR technologies. These companies demonstrate how digital operations create productivity and efficiency gains to enable sustainable growth in the face of pervasive disruptions and challenges.
Smart Factory and Tailored Sustainable Connected 4.0 Supply Chain Programs
The Lexington factory is part of Schneider Electric’s global smart factory and distribution center initiative encompassing nearly 300 factories and logistics centers in more than 40 countries. This initiative – part of the company’s Tailored Sustainable Connected Supply Chain 4.0 program – aims to address the fundamental challenge of sustainability while increasing profitability and efficiency.
The global smart factory and distribution center initiative is part of Schneider Electric’s vision that electrification and digitization are inextricable tools in the fight against climate change. This vision has led to the company’s recent ranking as #4 in the 2021 Gartner Supply Chain Top 25, as well being named the world’s most sustainable corporation by Corporate Knights in 2021.
About Schneider Electric
Schneider’s purpose is to empower all to make the most of our energy and resources, bridging progress and sustainability for all. We call this Life Is On.
Our mission is to be your digital partner for Sustainability and Efficiency.
We drive digital transformation by integrating world-leading process and energy technologies, end-point to cloud connecting products, controls, software and services, across the entire lifecycle, enabling integrated company management, for homes, buildings, data centers, infrastructure and industries.
We are the most local of global companies. We are advocates of open standards and partnership ecosystems that are passionate about our shared Meaningful Purpose, Inclusive and Empowered values.
Follow us on: Twitter | Facebook | LinkedIn | YouTube | Instagram | Blog
Hashtags: #SchneiderElectric #LifeIsOn #SmartFactory
Related resources:
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DAKOTA CITY, Neb.--(BUSINESS WIRE)--A new owner and operator, NLC Energy LLC, has taken over Big Ox Energy properties including the Dakota City, Nebraska renewable biomethane plant. NLC Energy has started refurbishing and reopening other Big Ox facilities and has a proven track record of safe operations and full compliance with all environmental requirements.
NLC Energy has worked with the State of Nebraska, the U.S. Environmental Protection Agency and the U.S. Department of Justice to resolve all environmental issues attributable to operation of this facility prior to NLC Energy assuming control. NLC Energy is now reviewing options to reopen this facility to create low carbon, renewable natural gas from organic waste, while providing high paying jobs and meeting all safety and environmental standards. NLC Energy expects to make further announcements regarding its plans for the Dakota City facility.
About NLC Energy
As a leader in renewable natural gas production, NLC Energy is committed to the safety and sustainability of communities, people and the planet. NLC Energy is dedicated to creating low-carbon, renewable natural gas from organic waste while providing high-paying jobs, meeting all safety and environmental standards, and acting as a good neighbor.
Maria Nelson
Red Shoes Inc.
(920) 574-3253
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DUBLIN--(BUSINESS WIRE)--The "Global Oil and Gas Final Investment Decisions (FIDs) in 2021, H2 Update" report has been added to ResearchAndMarkets.com's offering.
Globally in the upstream sector, 27 new build and expansion projects have received FIDs in the first half of 2021. The North Field East conventional natural gas production project in Qatar, with remaining reserves of 11.4 billion barrels oil equivalent, is the most significant project to be sanctioned in the upstream sector, as well as in the oil and gas value chain.
Scope
Reasons to Buy
Key Topics Covered:
1. Overview of FIDs Sanctioned in H1 2021
2. Upstream FIDs in 2021
2.1 Upstream Project FIDs Sanctioned in H1 2021
2.2 Upstream Projects Targeting FIDs in H2 2021
3. Midstream FIDs in 2021
3.1 Midstream Projects FIDs Sanctioned in H1 2021
3.2 Midstream Projects Targeting FIDs in H2 2021
4. Refining and Petrochemicals FIDs in 2021
4.1 Refining and Petrochemical Projects FIDs Sanctioned in H1 2021
4.2 Refining and Petrochemical Projects Targeting FIDs in H2 2021
5. Appendix
For more information about this report visit https://www.researchandmarkets.com/r/9wsh7b
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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DALLAS & NEWARK, N.J.--(BUSINESS WIRE)--Spring Valley Acquisition Corp. (“Spring Valley”) (Nasdaq: SV, SVSVW, SVSVU) and Dream Holdings, Inc. (“AeroFarms”) today provided an update on the closing process and related timeline for their previously announced business combination, which was approved by shareholders on August 30, 2021. Both parties are continuing to work diligently toward the transaction. Per the transaction agreements, absent any termination, the parties are permitted up to 30 additional days, expiring October 24, 2021 to close the transaction. Upon closing, the combined company’s stock and warrants would trade under the ticker symbols “ARFM” and “ARFMW”, respectively.
About Spring Valley Acquisition Corp.
Spring Valley Acquisition Corp. is a blank check company formed for the purpose of entering into a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities. While Spring Valley may pursue an initial business combination target in any business or industry, it is targeting companies focusing on sustainability, including clean energy and storage, smart grid/efficiency, environmental services and recycling, mobility, water and wastewater management, advanced materials and technology enabled services. Spring Valley’s sponsor is supported by Pearl Energy Investment Management, LLC, a Dallas, Texas based investment firm that focuses on partnering with best-in-class management teams to invest in the North American energy industry.
About AeroFarms
Since 2004, AeroFarms has been leading the way for indoor vertical farming and championing transformational innovation for agriculture. On a mission to grow the best plants possible for the betterment of humanity, AeroFarms is a Certified B Corporation with global headquarters in Newark, New Jersey. Named one of the World’s Most Innovative Companies by Fast Company two years in a row and one of TIME’s Best Inventions in Food, AeroFarms patented, award-winning indoor vertical farming technology provides the perfect conditions for healthy plants to thrive, taking agriculture to a new level of precision, food safety, and productivity while using up to 95% less water and no pesticides ever versus traditional field farming. AeroFarms enables local production to safely grow all year round, using vertical farming for elevated flavor. In addition, through its proprietary growing technology platform, AeroFarms has grown over 550 varieties and has developed multi-year strategic partnerships ranging from government to major Fortune 500 companies to help uniquely solve agriculture supply chain needs. For additional information, visit: https://aerofarms.com/.
On March 26, 2021, AeroFarms announced a definitive business combination agreement with Spring Valley Acquisition Corp. (Nasdaq: SV). Upon the closing of the business combination, AeroFarms will become publicly traded on Nasdaq under the new ticker symbol "ARFM". Additional information about the transaction can be viewed here: https://aerofarms.com/investors/.
Forward Looking Statements
Certain statements included in this press release that are not historical facts are forward-looking statements for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as “believe,” “may,” “might,” “will,” “estimate,” “continue,” “contemplate,” “anticipate,” “intend,” “expect,” “should,” “would,” “could,” “plan,” “predict,” “project,” “potential,” “seem,” “seek,” “future,” “outlook,” and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. All statements, other than statements of present or historical fact included in this press release, including those regarding Spring Valley’s proposed acquisition of AeroFarms and pursuit of additional capital are forward-looking statements. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of the respective management of AeroFarms and Spring Valley and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on as, a guarantee, an assurance, a prediction, or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of AeroFarms and Spring Valley. These forward-looking statements are subject to a number of risks and uncertainties, including changes in domestic and foreign business, market, financial, political, and legal conditions; the inability of the parties to successfully or timely consummate the proposed transaction, including the risk that any regulatory approvals are not obtained, are delayed or are subject to unanticipated conditions that could adversely affect the combined company or the expected benefits of the proposed transaction or that the approval of the stockholders of Spring Valley or AeroFarms is not obtained; failure to realize the anticipated benefits of the proposed transaction; risks related to the expansion of AeroFarms’ business and the timing of expected business milestones; the effects of competition on AeroFarms’ business; the ability of Spring Valley or AeroFarms to issue equity or equity-linked securities or obtain debt financing in connection with the proposed transaction or in the future, and those factors discussed in Spring Valley’s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, final prospectus dated November 25, 2020 and definitive proxy statement/prospectus dated July 26, 2021 under the heading “Risk Factors,” and other documents Spring Valley has filed, or will file, with the SEC. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that neither Spring Valley nor AeroFarms presently know, or that Spring Valley nor AeroFarms currently believe are immaterial, that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect Spring Valley’s and AeroFarms’ expectations, plans, or forecasts of future events and views as of the date of this press release. Spring Valley and AeroFarms anticipate that subsequent events and developments will cause Spring Valley’s and AeroFarms’ assessments to change. However, while Spring Valley and AeroFarms may elect to update these forward-looking statements at some point in the future, Spring Valley and AeroFarms specifically disclaim any obligation to do so. These forward-looking statements should not be relied upon as representing Spring Valley’s and AeroFarms’ assessments of any date subsequent to the date of this press release. Accordingly, undue reliance should not be placed upon the forward-looking statements.
AeroFarms Contacts
Investor Relations:
Jeff Sonnek
ICR
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1-646-277-1263
Media Relations:
Marc Oshima
AeroFarms
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1-917-673-4602
Updated Marketplace solution drove a 61% improvement in conversion rate, resulting in at least 40% more products sold and 90% more energy savings than other marketplace solutions
BOULDER, Colo.--(BUSINESS WIRE)--Uplight, the technology partner for energy providers transitioning to the clean energy ecosystem, announced that all of its utility Marketplaces have completed their upgrades to the latest version of its Marketplace solution, delivering Uplight’s industry-leading instant rebates and bundled program enrollments with even higher conversions and customer satisfaction on a secure, stable platform. The latest update brings a host of benefits to utility customers including a mobile-first experience, integrated product comparisons and education, online chat for an expanded channel with customer care and more seamless integration with other utility programs and services.
“Creating a better customer experience is at the heart of what Uplight does because we know it leads to better outcomes for customers and utilities alike, compounds energy savings, and helps to reduce carbon. When we remove common e-commerce barriers and optimize the experience for utility customers’ unique needs and preferences, more customers complete their energy-saving purchases and program enrollments,” said Brad Chen, Business General Manager at Uplight. “For utilities to succeed, they need a turnkey Marketplace they can easily implement and these recent updates make it easier than ever to meet their goals.”
Since Uplight launched the updated Marketplace version last year, the conversion rate has increased by 61% – now exceeding industry averages – resulting in more products sold, more customers enrolled in programs, and higher energy savings. With nearly three in five customers accessing the Marketplace from their mobile phones, Uplight’s mobile-first design resulted in an even higher increase in the conversion rate – nearly 2x higher – among mobile users. Customers are seeing the benefits of the new version with an easier navigation and checkout process that improved on Uplight’s industry leading customer satisfaction, as demonstrated by an increase in the average net promoter score (NPS) of 3 points in just one year to a 72, which is considered ‘very high’ by industry standards.
With the new update, Uplight can set up new Marketplaces for utilities in as little as weeks, not months, which is unheard of in the utility industry due to the complex nature of utility customer data integration. This speed has allowed Uplight to launch four new Marketplaces in four months, while still delivering exceptional sales results. The reduced lead time has also made it easier for utilities to get their online stores up and running before the busiest ecommerce sales of the year – the period between Black Friday and Cyber Monday.
Uplight has the most comprehensive energy Marketplace in the industry, allowing utilities to improve the customer experience and engagement while meeting a wide range of energy efficiency and program enrollment goals, and uniquely delivering bundled product and program offers. With this easy, seamless customer experience, Uplight delivers at least 40% more products sold and at least 90% more energy savings than other marketplace solutions.
Additionally, Uplight continues to grow its partner ecosystem with the introduction of an industry-first offering of geothermal energy from Dandelion Energy. Dandelion joins other partners focused on driving customers to solar, storage, and home performance offerings directly from the Uplight Marketplace.
About Uplight
Uplight is the technology partner for energy providers and the clean energy ecosystem. Uplight’s software solutions connect energy customers to the decarbonization goals of power providers while helping customers save energy and lower costs, creating a more sustainable future for all. Using the industry’s only comprehensive customer-centric technology suite and critical energy expertise across disciplines, Uplight is streamlining the complex transition to the clean energy ecosystem for more than 80 electric and gas utilities around the world. By empowering energy providers to achieve critical outcomes through data-driven customer experiences, delivering control at the grid edge, creating new revenue streams and optimizing existing load and assets, Uplight shares a mission with its clients to make energy more sustainable for every community. Uplight is a certified B Corporation. To learn more, visit us at www.uplight.com, find us on Twitter @Uplight or on LinkedIn at Linkedin.com/company/uplightenergy.
Elaine Reddy
720-252-8105
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Magnolia Agreement to Purchase 3,000,000 Shares of Class B Common Stock from EnerVest
HOUSTON--(BUSINESS WIRE)--Magnolia Oil & Gas Corporation (NYSE: MGY) (“Magnolia” or the “Company”) today announced the pricing of the previously announced underwritten block trade of 7,500,000 shares of the Company’s Class A common stock (the “Class A Common Stock”) by certain affiliates of EnerVest, Ltd. (the “Selling Stockholders”) resulting in total gross proceeds to the Selling Stockholders of $122.85 million (the “Offering”). The Offering is expected to close on or about September 28, 2021, subject to customary closing conditions. The Company will not sell any shares of its Class A Common Stock in the Offering or receive any proceeds from the Offering.
In connection with the Offering, the Company has agreed to purchase from the Selling Stockholders 3,000,000 shares of the Company’s Class B common stock at a price per share equal to the price per share at which the underwriter purchases shares of the Company’s Class A Common Stock in the Offering (the “Class B Common Stock Purchase”). The Offering is not conditioned upon the completion of the Class B Common Stock Purchase, but the Class B Common Stock Purchase is conditioned upon the completion of the Offering.
Following the closing of the Offering and Class B Common Stock Purchase, the Selling Stockholders will own 20,112,444 Class A and 52,915,438 Class B shares of the Company, or approximately 31.5% of the total outstanding shares of the Company.
J.P. Morgan Securities LLC is acting as the sole book-running manager for the offering. The Offering is being made pursuant to an effective shelf registration statement, which has been filed with the Securities and Exchange Commission (the “SEC”) and became effective August 30, 2018. The Offering will be made only by means of a preliminary prospectus supplement and the accompanying base prospectus, copies of which may be obtained on the SEC’s website at www.sec.gov. Alternatively, the underwriter will arrange to send you the preliminary prospectus supplement and related base prospectus if you request them by contacting:
J.P. Morgan Securities LLC
Attention: J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions
1155 Long Island Avenue, Edgewood, NY 11717
Email at This email address is being protected from spambots. You need JavaScript enabled to view it.
Phone at 1-866-803-9204
About Magnolia Oil & Gas Corporation
Magnolia (MGY) 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.
Forward-Looking Statements
The information in this press release includes 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. All statements, other than statements of present or historical fact included in this press release, regarding Magnolia’s strategy, future operations, financial position, estimated revenues, and losses, projected costs, prospects, plans and objectives of management are forward looking statements. When used in this press release, the words could, should, will, may, believe, anticipate, intend, estimate, expect, project, the negative of such terms and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on management’s current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. Except as otherwise required by applicable law, Magnolia disclaims any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date of this press release. Magnolia cautions you that these forward-looking statements are subject to all of the risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of Magnolia, incident to the development, production, gathering and sale of oil, natural gas and natural gas liquids. In addition, Magnolia cautions you that the forward looking statements contained in this press release are subject to the following factors: (i) the length, scope and severity of the ongoing coronavirus disease 2019 (“COVID-19”) pandemic, including the effects of related public health concerns and the impact of continued actions taken by governmental authorities and other third parties in response to the pandemic and its impact on commodity prices as well as supply and demand considerations; (ii) the outcome of any legal proceedings that may be instituted against Magnolia; (iii) Magnolia’s ability to realize the anticipated benefits of its acquisitions, which may be affected by, among other things, competition and the ability of Magnolia to grow and manage growth profitably; (iv) changes in applicable laws or regulations; and (v) the possibility that Magnolia may be adversely affected by other economic, business, and/or competitive factors. Should one or more of the risks or uncertainties described in this press release occur, or should underlying assumptions prove incorrect, actual results and plans could differ materially from those expressed in any forward-looking statements. Additional information concerning these and other factors that may impact the operations and projections discussed herein can be found in Magnolia’s filings with the SEC, including its Annual Report on Form 10-K for the fiscal year ended December 31, 2020. Magnolia’s SEC filings are available publicly on the SEC’s website at www.sec.gov.
Investors
Brian Corales
(713) 842-9036
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Media
Art Pike
(713) 842-9057
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DUBLIN--(BUSINESS WIRE)--The "Denver Julesburg (DJ) Basin in the Unites States of America (USA), 2021 - Oil and Gas Shale Market Analysis and Outlook to 2025" report has been added to ResearchAndMarkets.com's offering.
Denver Julesburg (DJ) Basin in the Unites States of America (USA), 2021 - Oil and Gas Shale Market Analysis and Outlook to 2025 provides a comprehensive review of hydrocarbon appraisal and development in the Denver Julesburg (DJ) Basin shale play against the backdrop of COVID -19 pandemic. The report also provides an outlook for oil and gas production in this Basin along with competitive positioning and investment plans of major operators.
The DJ Basin, located in Colorado and Wyoming, accounted for 7.02% of oil and 6.65% of natural gas production in the United States Lower 48 in 2020. The play peaked in production in November 2019, with 801.5 thousand barrels of oil per day (mbd) and 5.8 billion cubic feet per day (bcfd) of natural gas. Since then, it has experienced a constant decline even before the effect of Covid-19.
COVID-19 outbreak and subsequent restrictions on economic activities further affected the oil and gas production in DJ Basin. The DJ Basin averaged 53 drilling rigs in 2019 and then decreased to an average of 17 rigs a 68% drop in 2020. While other basins throughout the US have increased their rig count with commodity prices rising to pre-pandemic levels, the DJ Basin has lagged with their rig count.
Overall production is still declining in this region, while plays like the Permian Basin, Bakken, and Appalachia Basin have all seen an increase in production level in the second half of 2020 and first quarter of 2021. With West Texas Intermediate (WTI) future prices averaging US$ 62.85 per bbl for the remainder of 2021, The publisher expects a slight uptick in the rig count and production but not the level that was seen in 2019.
In addition, a rise in production would depend on the capital allocation from major operators in this region. The top two producers in the DJ Basin are Occidental Petroleum and Chevron. These two players have large positions in the Permian Basin where returns on investment are higher than the DJ Basin. Hence, this play may see relatively lesser investment and production growth may largely be supported by drilled but uncompleted wells (DUCs).
Scope
Reasons to Buy this Report
Key Topics Covered:
1. Overview
1.1 DJ Basin, Recent Developments and Trends
2. DJ Basin, Introduction
2.1 DJ Basin, Formation Overview
3. DJ Basin, Production and Activity Overview
3.1 DJ Basin, Production Analysis, 2018-2020
3.2 DJ Basin, COVID-19 Impact on Production
3.3 DJ Basin, Production Outlook, 2021-2025
3.4 DJ Basin, Drilling Activity
3.5 Well profile
4. DJ Basin, Competitive Benchmarking
4.1 DJ Basin, Major Companies with Prominent Presence, 2021
4.2 DJ Basin, Major Companies' Financial Standings
4.3 DJ Basin, Operational Performance of Leading Operators
4.4 DJ Basin, Completion Parameters, 2019-21
4.5 DJ Basin, Future Plans of Major Companies
4.6 DJ Basin, Cost Trends, March 2021
5. DJ Basin, Analysis of Bankrupt Companies
5.1 HighPoint Resources Corp
5.2 Extraction Oil & Gas Inc
6. DJ Basin, Associated Infrastructure
6.1 Pipelines
7. Mergers and Acquisition Activity in the DJ Basin, 2019-2021
7.1 Overview of M&A Activity
7.2 Major Acquisitions
8. DJ Basin, Analysis of Major Companies
8.1 EOG Resources, Inc.
8.2 Whiting Petroleum Corporation
8.3 Extraction Oil & Gas, Inc.
8.4 Petroleum Development Corporation
8.5 Bonanza Creek Energy, Inc.
8.6 Occidental Petroleum Corporation
8.7 Crestone Peak Resources Operating LLC
8.8 Chevron Corporation
9. Appendix
For more information about this report visit https://www.researchandmarkets.com/r/8bg3b4
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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AUSTIN, Texas--(BUSINESS WIRE)--Tesla, Inc. today announced updates to its 2021 Annual Meeting of Stockholders (the “2021 Annual Meeting”). The following updates supersede anything to the contrary described in Tesla’s updated definitive proxy statement filed with the U.S. Securities and Exchange Commission on August 26, 2021.
The 2021 Annual Meeting will be presented from Tesla’s Gigafactory in Austin, Texas on Thursday, October 7, 2021, at 4:30 p.m. Central Time in a virtual-only format as described below.
Virtual Meeting Format
Live video webcasts of the 2021 Annual Meeting event will be accessible to the general public at www.tesla.com/2021shareholdermeeting. This webcast will also be available for replay for approximately one year thereafter.
To accommodate ongoing public health requirements and travel considerations, Tesla is providing any stockholder as of August 9, 2021 the means to join the 2021 Annual Meeting virtually at https://meetnow.global/MVA22YQ. The virtual meeting will feature live audio webcasts, plus the option for stockholders to submit votes and written comments and questions on meeting agenda items. In light of the number of business items on this year’s agenda and the need to conclude the meeting within a reasonable period of time, we cannot ensure that every stockholder who wishes to have a question or comment addressed during the meeting will be able to do so. In order to join the virtual meeting, you will need a 15-digit secure “control number” unique to you, which you may obtain as follows:
The virtual meeting will begin promptly at 4:30 p.m. Central Time. We encourage you to access the meeting prior to the start time leaving ample time for log-in.
Other Information
All stockholders are encouraged to vote and submit their proxies in advance of the 2021 Annual Meeting by one of the methods described in the proxy materials. Proxy cards, voting instruction forms and Notices of Internet Availability for the 2021 Annual Meeting scheduled for October 7, 2021 that were previously distributed will not be updated to reflect the change in meeting format, and may continue to be used to vote shares in connection with the 2021 Annual Meeting.
Investor Relations Contact:
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NEW YORK--(BUSINESS WIRE)--Getnick & Getnick LLP, along with the New York Attorney General’s Office, has secured a settlement in a groundbreaking whistleblower case against National Grid, a utility company that provides natural gas and electricity to homes and businesses in New York, Rhode Island and Massachusetts, as well as electrical services in other areas of the Northeast. This resolution, addressing National Grid’s alleged failure to properly manage New York State’s electrical distribution system on Long Island and the Rockaway Peninsula, marks the first time that the New York False Claims Act has been applied to an electrical utility company. New York Attorney General Letitia James today announced the $6 million recovery from National Grid Electric Services LLC.
Getnick & Getnick LLP represents the whistleblower in the case. The whistleblower, whose identity remains protected, will receive 23.5 percent of the government’s recovery in today’s settlement. This is the largest percentage that has been paid in any non-Medicaid New York False Claims Act case in which the State has elected to supersede. Getnick & Getnick achieved the same percentage award for another whistleblower client in a prior case.
According to the Settlement Agreement, from 2007 through 2013, National Grid’s contractual obligations to New York State included rendering bills to customers, collecting payments from customers, and remitting those payments to the State by paying them to the Long Island Power Authority (“LIPA”). LIPA is the not-for-profit public utility that owns the electricity transmission and distribution system on Long Island. It provides electricity to more than 1.1 million residential and commercial customers in Nassau and Suffolk counties, and on the Rockaway Peninsula of Queens.
The Settlement Agreement explains that National Grid failed to meet its obligations by allowing excessive “Advanced Consumption” and reported falsely to LIPA about it. Advanced Consumption occurs when electricity flows to a location, but no one is billed for it or pays for it. While there are instances where limited Advanced Consumption occurs in the normal course of a utility’s business, for example, in the transition between successive tenants in a rental property, what the whistleblower alleged in this case was a multi-million dollar fraud where National Grid mismanaged the State’s electricity and then made false reports to LIPA to cover up its conduct. LIPA was harmed, as were all National Grid customers who diligently paid their electric bills.
The Settlement Agreement describes and provides examples of the false and misleading information that National Grid presented to LIPA on a monthly basis beginning in April 2008 and continuing through August 2012. For example:
Getnick & Getnick partners Margaret Finerty, Richard Dircks, and Neil Getnick, together with Counsel Stuart Altschuler, worked closely with the Attorney General’s Office in the prosecution and resolution of this case. Getnick & Getnick would like to recognize the many years devoted to this matter by the Attorney General’s Office and its Taxpayer Protection Bureau. This is yet another example of a successful public/private partnership under the New York False Claims Act.
Partner Margaret Finerty, a former NYC Criminal Court Judge and former Deputy Chief of the Manhattan District Attorney’s Office Frauds Bureau, stated: “Public utilities hold a unique position of trust in our society and directly impact the lives of their customers. This case makes plain that when that trust is violated in New York State, there will be meaningful consequences.”
Partner Richard Dircks said: “We commend our whistleblower client for the courage to bring this action, and the determination, persistence, and integrity to see it through to a successful conclusion for the benefit of all New Yorkers.”
Managing Partner Neil Getnick noted: “Today’s settlement exemplifies the strength of the New York False Claims Act as a force multiplier, empowering whistleblowers with the means to hold even the largest entities accountable for corporate misconduct, and rewarding them for their efforts.”
Today’s press release from the New York Attorney General, that includes a link to the settlement agreement, can be accessed here: Attorney General James Secures $6 Million From National Grid to Assist Low-Income Long Islanders | New York State Attorney General (ny.gov)
Getnick & Getnick is a boutique law firm dedicated to fighting fraud and promoting business integrity. The firm works with whistleblowers, government agencies, and companies, guided by the principle that anti-fraud is pro-business. The firm’s whistleblower cases have recovered more than $1 billion for taxpayers, and its clients have received record awards, including the largest ever award for a single whistleblower.
Peter Pochna, Rubenstein, 212-843-8007, This email address is being protected from spambots. You need JavaScript enabled to view it.
LONDON & NEW YORK--(BUSINESS WIRE)--Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of data, technology, and market infrastructure, announced that it plans to launch a new freight futures contract based on the Baltic Exchange’s liquid petroleum gas (LPG) assessment for the Houston to Chiba route on September 27.
The contract, called the LPG (BLPG3) Forward Freight Agreement (FFA) Houston To Chiba (Baltic) future, will be cash settled and allow participants to manage freight price risk on one of the top export routes for liquid petroleum gas. The U.S. is one of the world’s top producers and leading exporters of LPG and Asia is one of the largest demand centers for the fuel. Freight rates from Houston to Chiba have fluctuated between $45.75 and $182.40 per ton since the Baltic Exchange began reporting on the route in April 2020*.
“Hedging the U.S. Gulf Coast to Japan export route has become ever more critical for our customers,” said J.C. Kneale, Vice President, North American Gas and Power, at ICE. “ICE’s natural gas liquid markets are growing strongly, with open interest out to 2024. With the new LPG freight contract, we are helping our customers to further manage their entire portfolio of exposure for LPGs from production to shipping to consumption.”
The new BLPG3 contract will trade alongside ICE’s existing LPG freight future based on the Baltic Exchange’s assessment for the Middle East to Japan route (ICE: WAT).
*Source: Baltic Exchange
About Intercontinental Exchange
Intercontinental Exchange, Inc. (NYSE: ICE) is a Fortune 500 company that designs, builds and operates digital networks to connect people to opportunity. We provide financial technology and data services across major asset classes that offer our customers access to mission-critical workflow tools that increase transparency and operational efficiencies. We operate exchanges, including the New York Stock Exchange, and clearing houses that help people invest, raise capital and manage risk across multiple asset classes. Our comprehensive fixed income data services and execution capabilities provide information, analytics and platforms that help our customers capitalize on opportunities and operate more efficiently. At ICE Mortgage Technology, we are transforming and digitizing the U.S. residential mortgage process, from consumer engagement through loan registration. Together, we transform, streamline and automate industries to connect our customers to opportunity.
Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange. Information regarding additional trademarks and intellectual property rights of Intercontinental Exchange, Inc. and/or its affiliates is located here. Key Information Documents for certain products covered by the EU Packaged Retail and Insurance-based Investment Products Regulation can be accessed on the relevant exchange website under the heading “Key Information Documents (KIDS).”
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 -- Statements in this press release regarding ICE's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE's Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE's Annual Report on Form 10-K for the year ended December 31, 2020, as filed with the SEC on February 4, 2021.
ICE- CORP
Source: Intercontinental Exchange
ICE Media Contact:
Rebecca Mitchell
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+44 7951 057 351
ICE Investor Contact:
Mary Caroline O’Neal
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(770) 738-2151
DUBLIN--(BUSINESS WIRE)--The "Global Wood Pellet Fuel Market, By Feedstock (Forest Wood & Waste, Agriculture Residue, and Others), By Heating Application (Free Standing Pellet Stove, Pellet Stove Inserts, and Pellet Boilers), By Application, By Region, Competition Forecast & Opportunities, 2026" report has been added to ResearchAndMarkets.com's offering.
Global wood pellet fuel market is expected to grow at a steady CAGR for the forecast period, 2022-2026. Rising awareness regarding the harmful impact of the carbon emissions emitted from the non-renewable sources of energy on the environment and the adoption of eco-friendly energy sources is accelerating the demand for renewable energy sources. Wood pellet fuels are considered to be an alternative for non-renewable energy sources such as replacing natural gas and coal in prominent industrial sectors thereby are in high demand across the globe. Wood pellet fuels are cost-effective and emit lower carbon emissions into the environment.
The growing use of wood pellet fuels for electricity generation to reduce the level of carbon emission in coal-based power plants is expected to boost the growth of the global wood pellet fuel market in the next five years. Wood pellet fuel can also be used for residential heating in automatic stoves & boilers. The high demand from the industrial sector for wood pellet fuel owing to their easy availability and low cost required for production purposes is ensuring its high consumption. Growing prices of natural gas and other fossil fuels such as petroleum, diesel compared to the cost of wood pellet fuel and the limited presence of fossil fuels are contributing significantly to the surge in demand for wood pellet fuel as an energy source across the globe.
Global wood pellet fuel market is segmented into feedstock, heating application, application, regional distribution, and company. Based on the regional analysis, the Europe region is expected to dominate the global wood pellet fuel market in the forecast period, 2022-2026. Europe is a major producer as well as consumer of wood pellet fuel. The use of pellets in Europe for different purposes including commercial heating, residential heating, power plants, and others is expected to accelerate the wood pellet fuel market growth.
Companies Mentioned
Objective of the Study:
Key Topics Covered:
1. Product Overview
2. Research Methodology
3. Impact of COVID-19 on Global Wood Pellet Fuel Market
4. Executive Summary
5. Voice of Customers
6. Global Wood Pellet Fuel Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Feedstock (Forest Wood & Waste, Agriculture Residue, and Others)
6.2.2. By Heating Application (Free Standing Pellet Stove, Pellet Stove Inserts, and Pellet Boilers)
6.2.3. By Application (CHP/District Heating, Power Plants, Residential Heating, and Commercial Heating)
6.2.4. By Region
6.2.5. By Company
6.3. Product Market Map
7. North America Wood Pellet Fuel Market Outlook
8. Asia-Pacific Wood Pellet Fuel Market Outlook
9. Europe Wood Pellet Fuel Market Outlook
10. South America Wood Pellet Fuel Market Outlook
11. Middle East & Africa Wood Pellet Fuel Market Outlook
12. Market Dynamics
12.1. Drivers
12.2. Challenges
13. Market Trends & Developments
14. Competitive Landscape
14.1. Competition Outlook
14.2. Company Profiles
14.2.1. Wood Pellet Energy (UK) LTD
14.2.2. Energex
14.2.3. Rentech, Inc.
14.2.4. Pinnacle Renewable Energy Group
14.2.5. The Westervelt Company Inc.
14.2.6. German Pellets GmbH
14.2.7. F.E. Wood & Sons
14.2.8. Enviva LP
15. Strategic Recommendations
16. About Us & Disclaimer
For more information about this report visit https://www.researchandmarkets.com/r/mnjkcv
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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NEEDHAM, Mass.--(BUSINESS WIRE)--#3rdPlatform--International Data Corporation (IDC) recently published a series of 3rd Platform Industry Spending Guides that provide in-depth forecasts for technology spending. The guides cover nine industries – banking, government, healthcare, insurance, manufacturing, oil and gas, retail, securities and investment services, and utilities – with detailed spending projections for 3rd Platform technologies (mobility, cloud, big data and analytics (BDA), and social) and Innovation Accelerators (artificial intelligence (AI), augmented reality/virtual reality (AR/VR), 3D printing, Internet of Things (IoT), security, and robotics) as well as traditional, 2nd Platform technologies.
"While IT spending is contracting in some areas, spending on 3rd Platform technologies will see double-digit growth throughout the post-COVID recovery period," said Karen Massey, research manager, Customer Insights & Analysis. "However, the investment priorities are somewhat varied across industries. The financial services sector, which includes the banking, securities and investment services, and insurance industries, relies more heavily on cloud, mobility, and big data and analytics, for example. But the Internet of Things (IoT) is the primary investment focus in the other six industries, especially manufacturing, oil and gas, and utilities."
3rd Platform technologies will become the largest area of technology investment in the banking industry by 2022 with cloud and mobility accounting for 30% or more of all industry spending throughout the forecast. With a compound annual growth rate (CAGR) of 11.5%, spending on big data and analytics will nearly equal mobility by the end of the forecast while cloud spending takes on more prominence with a five-year CAGR of 16.2%. Consumer banking will remain the largest sub-industry, accounting for more than half of all technology spending by the industry throughout the forecast.
The insurance and securities and investment services industries will follow a similar spending trajectory as banking with cloud and mobility investments leading the way, followed closely by big data and analytics. Both industries will also see similar levels of investment in next-generation security and AI systems. One area where the two industries diverge is IoT spending, which will be notably higher for the insurance industry, led by the property & casualty sub-industry.
"In response to the need for resiliency and scalability in financial services operations, our research has shown accelerated growth in spending on infrastructure technologies like cloud and security, and in business areas like digital banking, risk management in insurance, and analytics in the capital markets industry," said Jerry Silva, program vice president, IDC Financial Insights. "And because many areas in financial institutions are limiting budgets in the face of an uncertain lending environment, investments in as-a-Service cloud solutions and platforms will increase their share of the IT dollar."
The manufacturing industry will deliver the largest investments in 3rd Platform technologies with spending growing to more than $800 billion in 2024. IoT will be the largest area of investment, accounting for more than 30% of the industry's IT spending throughout the forecast. Robotics will be the second largest area of spending with strong investments from the automotive, consumer packaged goods (CPG), and aerospace and defense sub-industries. Robotics and AI systems will see some of the fastest spending growth with a five-year CAGRs of 19.2% and 19.9%, respectively.
IoT will also be the largest area of investment in both the utilities and the oil and gas industries as they increase their use of sensors in smart meters and for distribution automation. Cloud and mobility will see similar levels of investment at the beginning of the forecast, but cloud will benefit from significantly stronger spending growth throughout the forecast in both industries. Robotics will also overtake both cloud and mobility by the end of the forecast to become the second largest area of investment in the oil and gas industry.
In retail, IoT investments will account for nearly a quarter of all technology spending as organizations focus on omni-channel operations. Cloud and mobility will account for another quarter of all retail spending while AR/VR, robotics, and AI systems will see the fastest spending growth as companies invest in customer experience and automation. For general merchandise retailers like Walmart and Target, cloud is the top spending priority while the food store sub-industry will focus more of its spending on IoT along with cloud and mobility.
IoT is also the largest area of spending within the healthcare industry, where providers (hospitals, physician clinics, and other providers) are utilizing remote sensors for bedside telemetry, asset tracking, and remote health monitoring. Mobility and cloud will be the next largest areas of spending with cloud forecast to grow at a notably faster rate (14.0% CAGR). Investments in AI systems and robotics will also experience strong growth over the course of the forecast with five-year CAGRs of 21.0% and 16.8% respectively.
Government spending on 3rd Platform technologies is forecast to grow to nearly $300 billion by 2024 with a CAGR of 11.6%. IoT will be the largest area of spending, accounting for more than one third of all 3rd Platform investments as governments at all levels invest in public safety and emergency response programs, public infrastructure asset management, and intelligent transportation systems. Mobility and cloud will be the next largest areas of investment with cloud spending overtaking mobility by the end of the forecast with a five-year CAGR of 12.9%. AR/VR and AI systems will see the fastest spending growth with CAGRs of 84.0% and 25.8% respectively.
IDC's 3rd Platform Industry Spending Guides provide an in-depth industry market forecast for 3rd Platform (mobility, cloud, big data and analytics, and social) and Innovation Accelerators (artificial intelligence, augmented reality/virtual reality, 3D printing, Internet of Things, security, and robotics) technologies as well as spending data for hardware, software, and IT services, plus two delivery types (cloud and non-cloud), across nine geographic regions and 64 sub-industries and lines of business. The guides remove duplicative spending (overlap or double counting) that is inherent to individual technology forecasts, thereby offering a wholistic industry and subindustry/line-of business forecast for emerging technology markets. This version (V1 2021) of the Spending Guides incorporates updated assumptions for political, economic, and pandemic impacts across all technology and industry markets.
About IDC Spending Guides
IDC's Spending Guides provide a granular view of key technology markets from a regional, vertical industry, use case, buyer, and technology perspective. The spending guides are delivered via pivot table format or custom query tool, allowing the user to easily extract meaningful information about each market by viewing data trends and relationships.
For more information about IDC's Spending Guides, please contact Monika Kumar at This email address is being protected from spambots. You need JavaScript enabled to view it..
Click here to learn about IDC's full suite of data products and how you can leverage them to grow your business.
About IDC
International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology, telecommunications, and consumer technology markets. With more than 1,100 analysts worldwide, IDC offers global, regional, and local expertise on technology, IT benchmarking and sourcing, and industry opportunities and trends in over 110 countries. IDC's analysis and insight helps IT professionals, business executives, and the investment community to make fact-based technology decisions and to achieve their key business objectives. Founded in 1964, IDC is a wholly owned subsidiary of International Data Group (IDG), the world's leading tech media, data, and marketing services company. To learn more about IDC, please visit www.idc.com. Follow IDC on Twitter at @IDC and LinkedIn. Subscribe to the IDC Blog for industry news and insights.
Michael Shirer
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508-935-4200
SAINT-HILAIRE-DES-LOGES, France--(BUSINESS WIRE)--EcoFlow, a portable power and renewable energy solutions company, today announces the EcoFlow DELTA Max power station is available in Europe, distributed by Franssen-Loisirs/ Altago network.
High capacity with expandable design
The EcoFlow DELTA Max has a capacity of 2016Wh, which can support a family’s emergency use needs for half a day. When connected with two DELTA Max Smart Extra Batteries, the capacity can go up to 6048Wh, which enables a family to comfortably survive a two-day blackout.
Designed for more than home backup power, the EcoFlow DELTA Max at its peak capacity can support an RV’s energy use (an average RV uses 20kWh electricity per day) for more than seven hours.
Fast charging that leads the industry
Even with an upgraded capacity compared to the EcoFlow DELTA (from 1260Wh to 2016Wh), the EcoFlow DELTA Max requires the same amount of time to be fully recharged – less than two hours. The EcoFlow DELTA Max can be charged at 2000W through standard AC outlets. This max input enables a single EcoFlow DELTA Max unit to be fully recharged from 0% to 100% in 1.6 hours, which is two times faster compared to similar products on the market. The battery also supports dual charging — charging with an AC outlet and two 400W Solar Panels simultaneously, which levels up the charging input to a maximum of 3000W.
Powers 99% appliances
With a 2400W AC output, the EcoFlow DELTA Max can power 99% appliances, including electric kettles, air conditioners, space heaters, steam irons, and electric clothes dryers. With EcoFlow’s X-Boost technology, the EcoFlow DELTA Max can even support devices with rated power of up to 3000W, which leads all competitors with the same capacity level.
EcoFlow DELTA Series
Following the release of the EcoFlow DELTA Max, EcoFlow plans to launch in the fourth quarter of 2021 the EcoFlow DELTA Max (1600) for customers with backup power needs at a smaller scale.
EcoFlow is also debuting another product in the DELTA series, the DELTA mini on the same day. At a weight of 10.7kg and with a price of € 1,099 EUR, the DELTA mini is the lightest-weight and most portable model of EcoFlow's DELTA series.
Franssen Gunther
Franssen SAS
+33 2 51 52 26 57
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NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.
HALIFAX, Nova Scotia--(BUSINESS WIRE)--Emera Incorporated (“Emera” or the “Company”) (TSX:EMA) announced today that it has completed its bought deal offering of 9,000,000 Cumulative Redeemable First Preferred Shares, Series L (the “Series L Preferred Shares”) at a price of $25.00 per share for aggregate gross proceeds of $225,000,000. The syndicate of underwriters was led by TD Securities Inc. and CIBC Capital Markets as joint bookrunners, and also included RBC Capital Markets, Scotiabank, BMO Capital Markets and National Bank Financial Inc. The Series L Preferred Shares will be listed on the Toronto Stock Exchange under the symbol EMA.PR.L. The net proceeds of the offering will be used for general corporate purposes.
The securities referred to herein have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.
This media release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any offer, solicitation or sale of the securities in any province, state or jurisdiction in which such offer, solicitation or sale would be unlawful.
Forward Looking Information
This news release contains forward‐looking information within the meaning of applicable securities laws. including statements concerning Emera’s intended use of the net proceeds of the offering of preferred shares. Undue reliance should not be placed on this forward‐looking information, which applies only as of the date hereof. By its nature, forward‐looking information requires Emera to make assumptions and is subject to inherent risks and uncertainties. These statements reflect Emera management’s current beliefs and are based on information currently available to Emera management. There is a risk that predictions, forecasts, conclusions and projections that constitute forward‐looking information will not prove to be accurate, that Emera’s assumptions may not be correct and that actual results may differ materially from such forward‐looking information. Additional detailed information about these assumptions, risks and uncertainties is included in Emera’s securities regulatory filings, including under the heading “Enterprise Risk and Risk Management” in Emera’s annual Management’s Discussion and Analysis, and under the heading “Principal Financial Risks and Uncertainties” in the notes to Emera’s annual financial statements, copies of which are available electronically under Emera’s profile on SEDAR at www.sedar.com.
About Emera
Emera is a geographically diverse energy and services company headquartered in Halifax, Nova Scotia with approximately $31 billion in assets and 2020 revenues of more than $5.5 billion. The Company primarily invests in electricity generation and electricity and gas transmission and distribution with a strategic focus on transformation from high carbon to low carbon energy sources. Emera has investments in Canada, the United States and in four Caribbean countries. Emera’s common and preferred shares are listed on the Toronto Stock Exchange and trade respectively under the symbol EMA, EMA.PR.A, EMA.PR.B, EMA.PR.C, EMA.PR.E, EMA.PR.F, EMA.PR.H and EMA.PR.J. Depositary receipts representing common shares of Emera are listed on the Barbados Stock Exchange under the symbol EMABDR and on The Bahamas International Securities Exchange under the symbol EMAB. Additional Information can be accessed at www.emera.com or at www.sedar.com.
Emera Inc.
Investor Relations:
Dave Bezanson, VP, Investor Relations & Pensions
902‐474‐2126
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Media:
902‐222‐2683
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