LOS ANGELES--(BUSINESS WIRE)--Reynolds Advisory Partners, LLC (“RAP” or “Reynolds”) acted as the exclusive financial advisor to Mitsubishi Electric Power Products, Inc. (“MEPPI”) of Warrendale, Pennsylvania, and its parent company Mitsubishi Electric Corporation (“MELCO”) of Tokyo, Japan, on their acquisition of Smarter Grid Solutions (“SGS”) of Glasgow, Scotland, United Kingdom. MELCO and MEPPI announced the definitive agreement to acquire SGS on August 9, 2021, and the transaction closed on August 19, 2021. Financial terms of the transaction were not disclosed.

Joe Barron, Director, Corporate Development & Marketing at MEPPI, commented as follows: “We very much appreciated the expert assistance of Reynolds Advisory Partners, in particular Brian MacLeod, who was dedicated to assisting us in refining our acquisition criteria, identifying and approaching potential suitable targets, and negotiating and completing the acquisition. We are grateful to have had Brian's guidance and leadership throughout the process which were instrumental in closing the successful transaction.”

Brian MacLeod, Managing Director at RAP, stated: “We are pleased to have assisted MEPPI and MELCO in achieving a successful result from this M&A process. The combination of Mitsubishi Electric and Smarter Grid Solutions will generate substantial synergies and strategic benefits for all the parties, including the prospect of providing new and innovative solutions to electric utilities and other electricity industry participants. Distributed energy resources (“DER”) continue to proliferate in power grids, resulting in more diversified and increasingly economical energy sources. DER increases sustainability by incorporating renewable energy sources into power grids. DER also reduces greenhouse gas emissions, thereby reducing the rate of climate change. SGS’s technology, products and expertise help electric utilities and other industry participants manage the complexities associated with incorporating DER, enabling them to optimize the benefits of DER.”

Mr. MacLeod added: “M&A transaction activity is currently elevated among software and SaaS providers in all sectors of the economy, as large industry participants seek to add additional capabilities. Our firm has extensive M&A advisory experience in software/SaaS in many vertical markets, such as, in this case, the electric power and utilities sector.”

About Mitsubishi Electric Power Products, Inc.

Headquartered in Warrendale, Pennsylvania, Mitsubishi Electric Power Products, Inc. (MEPPI) is a U.S. affiliate of Mitsubishi Electric Corporation serving the North American power systems, data center, rail transportation, and large visual display markets. MEPPI products include gas circuit breakers, vacuum circuit breakers, power transformers, gas-insulated substations, FACTS, high voltage DC systems, battery energy storage systems, electric generators, nuclear power plant control systems, uninterruptible power supplies, rail transportation equipment, rail signaling systems, and high-definition LED displays. Information on MEPPI’s complete line of products and services can be found at www.MEPPI.com.

About Mitsubishi Electric Corporation

With 100 years of experience in providing reliable, high-quality products, Mitsubishi Electric Corporation (TOKYO: 6503) is a recognized world leader in the manufacture, marketing and sales of electrical and electronic equipment used in information processing and communications, space development and satellite communications, consumer electronics, industrial technology, energy, transportation and building equipment. Mitsubishi Electric enriches society with technology in the spirit of its “Changes for the Better.” The company recorded a revenue of 4,191.4 billion yen (U.S.$37.8 billion*) in the fiscal year ended March 31, 2021. For more information, please visit www.MitsubishiElectric.com *U.S. dollar amounts are translated from yen at the rate of ¥111=U.S.$1, the approximate rate on the Tokyo Foreign Exchange Market on March 31, 2021.

About Smarter Grid Solutions

Smarter Grid Solutions (SGS) is a U.K.-based energy management enterprise software company that operates internationally with offices in Glasgow, Scotland, and New York City. The company’s products are used to manage power grids and market participation in energy systems with high volumes of distributed, clean and flexible energy assets. SGS’s customers use its DER management system (DERMS) products to integrate DER into markets and grids to deliver grid capacity management, flexible interconnection, virtual power plant, microgrid, fleet energy asset operations, energy as a service (EaaS) and local energy applications. For more information, visit www.smartergridsolutions.com.

About Reynolds Advisory Partners, LLC

Reynolds Advisory Partners, LLC is a boutique investment bank with a focus on the “middle market.” RAP provides a full suite of financial advisory services, including mergers, acquisitions, divestitures, restructurings, and the issuance of equity and debt capital. RAP's professionals also have extensive experience in advising Independent/Special Committees of both public and private companies in facing complex issues, including evaluating related party transactions.

For more information, visit www.reynoldsap.com.

Reynolds Advisory Partners, LLC - Investment Banking Contact:
Brian MacLeod, Managing Director: This email address is being protected from spambots. You need JavaScript enabled to view it.. 310-318-9674

Brian MacLeod
Reynolds Advisory Partners
310-318-9674

DALLAS--(BUSINESS WIRE)--Primoris Services Corporation (NASDAQ Global Select: PRIM) (“Primoris” or the “Company”) today announced that Tom McCormick, President and Chief Executive Officer, and Ken Dodgen, Chief Financial Officer, will participate in investor meetings and a fireside chat at the Morgan Stanley 9th Annual Laguna Virtual Investor Conference on Wednesday, September 15, 2021. The fireside chat is scheduled for 10:15 a.m. Central Time (11:15 a.m. Eastern Time) that same day.

A copy of the Company’s presentation will be posted to the Company’s Investor Relations section of its website, www.primoriscorp.com, before the opening of trading on the NASDAQ on the same day.

About Primoris

Primoris Services Corporation is a leading provider of specialty contracting and critical infrastructure services to the utility, energy/renewables, and pipeline services markets throughout the United States and Canada. The company’s diversified base of blue-chip customers, focus on smaller contracts, and its high proportion of master service agreements have de-risked its portfolio over the last several years. An expanded presence in higher-margin, higher-growth markets such as utility-scale solar facility installations and telecom/broadband infrastructure have also increased its potential for long-term growth. Additional information on Primoris is available at www.primoriscorp.com.

Brook Wootton
Vice President, Investor Relations
This email address is being protected from spambots. You need JavaScript enabled to view it.

Planned Transformation to Strengthen Company’s Position to Take Advantage of Next-Generation Opportunities and Drive Future Success

AVON, Minn.--(BUSINESS WIRE)--Blattner Company, the leading renewable energy provider in North America, and parent company of Blattner Energy, Inc. and D.H. Blattner & Sons, Inc., announced that it has identified a strategic partner and entered into a definitive agreement to be acquired by Quanta Services, Inc. Houston-based Quanta is a leading specialized contracting services company, delivering comprehensive infrastructure solutions for the utility, communications, pipeline and energy industries with operations throughout the United States, Canada, Australia and select other international markets.

“Today’s announcement marks the exciting culmination of a process that we began in January 2021,” said Scott Blattner, President of Blattner. “Our goal was to find a transformational partner to further strengthen our market leadership position, provide additional support to take advantage of next-generation opportunities emerging in the renewable energy market and contribute to added, long-term success for employees and customers. We’ve found that in Quanta, a Fortune 300 company with a proven track record of acquiring businesses like ours with great success. Quanta is committed to their operating units’ leadership, locations and communities that aligns with their company culture and approach to business. We look forward to joining their family of companies and adding the additional scale and support needed for our organization to continue leading and delivering certainty to our renewable energy customers.”

Duke Austin, Quanta’s President and Chief Executive Officer, commented, “We are excited to announce our intention to acquire Blattner and we look forward to welcoming their employees to the Quanta family of companies. Both Blattner and Quanta are rooted in entrepreneurial, family-operated businesses that are focused on safety and care deeply about their employees. We believe what Quanta is to the electric power solutions industry, Blattner is to the utility-scale renewable energy solutions industry. Together, we will be focused on what we believe are the most attractive areas of the electric infrastructure complex. Blattner will bring an exceptional management team that we believe will enhance our ability to collaborate with our customers to shape North America’s energy transition to a carbon-neutral economy.”

The transaction has been unanimously approved by the Board of Directors of both Blattner and Quanta and is expected to close in the fourth quarter of 2021, subject to receiving required regulatory approvals and the satisfaction of other customary closing conditions.

Following transaction close, Blattner’s office locations and management team will remain in place, with Scott Blattner continuing in his leadership role as President. Blattner will serve as a platform operating unit of Quanta.

Culturally, Quanta and Blattner share similar values and business models that met Blattner’s key partner criteria. Both organizations are aligned in their focus on employees, customers and communities, with a safety-first approach. Additionally, Blattner and Quanta have collaborative approaches to long-term, trusted relationships with partners with specialized capabilities that will advance North America’s renewable energy transition.

Concluded Blattner, “Our industry is on the cusp of rapid change and evolution – with the potential for a transformative worldwide energy revolution. We seek to remain a leader and entrepreneur by transforming our organization with additional scale and support. Our employees, customers, partners and communities deserve the best in this evolving industry as Blattner also continues to evolve. Joining together with Quanta will create an even brighter future for Blattner and provide more opportunities for long-term success.”

Investment banking firm J.P. Morgan is serving as exclusive financial advisor to Blattner for this transaction.

About Blattner Company

Blattner Company, an industry leading renewable energy provider, is the parent company of Blattner Energy, Inc. and D.H. Blattner & Sons, Inc. that delivers expertise and collaborative renewable energy solutions for developers and utilities throughout North America. The Blattner Family of Companies provides complete engineering, procurement, project management and construction services for wind, solar and energy storage solutions. Powering forward, Blattner builds certainty through relationships, proven project management and self-performance of major work activities, ensuring safety, quality, efficiency and customer satisfaction. For more information, visit: www.blattnercompany.com

About Quanta Services

Quanta Services is a leading specialized contracting services company, delivering comprehensive infrastructure solutions for the utility, communications, pipeline and energy industries. Quanta's comprehensive services include designing, installing, repairing and maintaining energy and communications infrastructure. With operations throughout the United States, Canada, Australia and select other international markets, Quanta has the manpower, resources and expertise to safely complete projects that are local, regional, national or international in scope. For more information, visit www.quantaservices.com.

Blattner
Christine Huston
p: 320.406.9681
e: This email address is being protected from spambots. You need JavaScript enabled to view it.

Padilla
Matt Sullivan
p: 612.817.1385
e: This email address is being protected from spambots. You need JavaScript enabled to view it.

DENVER--(BUSINESS WIRE)--Liberty Oilfield Services Inc. (NYSE: LBRT; “Liberty” or the “Company”) announced today it will host investor meetings at the following conferences.

• Coker & Palmer Energy Bus Tour on September 2
• ATB Capital Markets Canadian Energy Excellence Virtual Conference on September 7
• Barclays’ 2021 CEO Energy-Power Conference on September 9 and 10

A link to the webcast presentation, if applicable, and a copy of the slides that may be used during the meetings will be available on the Liberty website at http://investors.libertyfrac.com for at least 60 days after each meeting.

About Liberty

Liberty is a leading North American oilfield services firm that offers one of the most innovative suites of completion services and technologies to onshore oil and natural gas exploration and production companies. Liberty was founded in 2011 with a relentless focus on developing and delivering next generation technology for the sustainable development of unconventional energy resources in partnership with our customers. Liberty is headquartered in Denver, Colorado. For more information about Liberty, please contact Investor Relations at This email address is being protected from spambots. You need JavaScript enabled to view it..

Liberty uses its website as a channel of distribution for material company information. Such information is routinely posted and accessible on its Investor Relations website at www.libertyfrac.com.

Michael Stock
Chief Financial Officer
303-515-2851
This email address is being protected from spambots. You need JavaScript enabled to view it.

DUBLIN--(BUSINESS WIRE)--The "2021 Middle Eastern Power Rental Market With Covid-19 Impact" report has been added to ResearchAndMarkets.com's offering.

The Middle Eastern Power Generation Rental market research report includes market size, growth rates, vertical end user split, competitive market share data and revenue forecasts from 2020-2027 for Saudi Arabia, Qatar, the UAE, Kuwait, Oman, Bahrain, Egypt, Iraq, and the rest of the Middle East with COVID-19 impact.

The study is a comprehensive analysis including market share splits by fuel type (diesel-based and gas-based), output power (50-300 KVA, 300-500 KVA, 600 KVA-1MW, and >1MW), application (prime, continuous, and standby), end user group (construction, oil & gas, utilities, data centers, others) and rental provider.

Furthermore, profiles of key companies, growth drivers, restraints, challenges, and quotations from industry participants are also included in this analysis of the temporary power opportunity.

The Middle Eastern Power Rental Market is in the growth stage. The market is highly competitive, with a large number of local companies holding a major portion of the market share.

The market is projected to experience a steady growth rate during the forecast period (2020-2027). The market is expected to be driven by increasing construction activity, a resurgence of the events industry, and regional economic development.

This study aims to provide a detailed analysis of the Middle Eastern Power Rental Market along with competitive intelligence for the year 2020. The market numbers included in this report represent revenues generated by companies operating in the Middle Eastern Power Rental Market. The base year for the study is 2020 and the forecast period is from 2020 until 2027.

This study captures the following information on Middle Eastern Power Rental Market:

• Market Size, Growth Rate, Revenue Forecasts (2020-2027)
• Growth Drivers & Restraints
• Market Data
• Quotes by Key Industry Participants
• Market Share Analysis
• Market Trends

Companies Featured:

• Aggreko plc
• Al Faris Group
• Al-Bahar (Mohamed Abdulrahman Al- Bahar) (CAT Caterpillar Inc.)
• Altaaqa Alternative Solutions Company Ltd. (Altaaqa)
• Atlas Copco
• Rental Solutions and Services Ltd. (RSS)
• SES SMART Energy Solutions
• Sudhir Rentals and Byrne Equipment Rental
• The Kanoo Group

Key Topics Covered:

I. Research Scope

II. Market Definitions

III. Methodology

IV. Middle Eastern Power Rental Market: Executive Summary

a. COVID-19 Impact

b. Competitive Factors

c. Middle Eastern Rental Market: Market Drivers and Impact

d. Middle Eastern Power Rental Market: Market Challenges and Impact

e. Middle Eastern Power Rental Market: Market Trends

f. Middle Eastern Power Rental Market: Market Trends - Power Projects

V. Market Data

a. Revenue Forecast, Total Market, 2020-2027

b. Revenue Forecast, General Rental 2020-2027

c. Revenue Forecast, Power Projects, 2020-2027

d. Market Share by Country, General Rental, Middle East, 2020

e. Market Share by Revenue, General Rental, Middle East, 2020

f. Market Share by Revenue, by Fuel Type, Middle East, 2020

g. Market Share by Revenue, by Generator Size, Middle East, 2020

h. Market Share by Revenue, by Application, Middle East, 2020

i. Market Share by Revenue, by End User, Middle East, 2020

For more information about this report visit https://www.researchandmarkets.com/r/k4use3

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
This email address is being protected from spambots. You need JavaScript enabled to view it.

For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

HOUSTON--(BUSINESS WIRE)--ConocoPhillips (NYSE: COP) announced today disaster relief donations of $500,000 to be allocated between the American Red Cross and local United Way organizations to support relief efforts in Louisiana from Hurricane Ida. The company will also match donations from ConocoPhillips’ U.S. employees.

“Our thoughts are with the local communities who are dealing with the widespread devastation brought by Hurricane Ida,” said Ryan Lance, chairman and chief executive officer. “We are committed to assisting as they rebuild and want to extend our gratitude to the emergency responders, volunteers and organizations like the Red Cross and United Way that are stepping in to help those in need.”

ConocoPhillips, through its wholly owned subsidiary The Louisiana Land and Exploration Company LLC, is the largest private wetlands owner in Louisiana and maintains an office in Houma. For decades, the company has practiced responsible stewardship of its coastal wetlands and has collaborated with public and nonprofit entities on projects designed to protect and restore Louisiana’s coast.

About ConocoPhillips

Headquartered in Houston, Texas, ConocoPhillips had operations and activities in 15 countries, $85 billion of total assets, and approximately 10,100 employees as of June 30, 2021. Production excluding Libya averaged 1,518 MBOED for the six months ended June 30, 2021, and proved reserves were 4.5 BBOE as of Dec. 31, 2020. For more information, go to www.conocophillips.com.

Dennis Nuss (media)
281-293-1149
This email address is being protected from spambots. You need JavaScript enabled to view it.

Optomec introduces novel fully automated, high-volume production machines for both Metal Additive and 3D Printed Electronics

ALBUQUERQUE, N.M.--(BUSINESS WIRE)--Optomec Inc., a leader in production solutions for Metal Additive Manufacturing and 3D Printed Electronics, will showcase two new Additive Manufacturing machines at the RAPID + TCT exhibition in Chicago, September 13 - 15, booth E8210. Both of these machines are specifically designed for high volume production, incorporate automated part-handling options and are designed with operator-friendly production software for error-free job sequencing in a manufacturing setting.

The first of these machines is the HC-TBR, a compact, all-in-one Metal Additive Manufacturing machine that uses Directed Energy Deposition (DED) to build or repair 3D metal parts with a wide variety of alloys. In particular, this new machine is capable of processing reactive metal alloys such as titanium and aluminum at high volume in an oxygen-free chamber to ensure superior mechanical properties. Using advanced laser optics, the machine can remotely change the size and power profile of its laser beam, enabling significant reductions in print times. This is a first for the industry. The machine was designed in response to manufacturers in several industries that are seeking lower cost methods of producing and repairing titanium components as the industrial use of titanium continues to grow worldwide.

The second machine to be highlighted is the new Aerosol Jet HD2 3D Electronics Printer. The Aerosol Jet HD2 uses Optomec’s patented Aerosol Jet solution to produce high resolution circuitry (with features as small as 10 microns), including a unique ability to dispense conformal 3D interconnects between die, chips, components and substrates. This interconnect approach is all the more powerful due to its improved performance at high signal frequencies, enabling longer range and reduced power consumption in emerging segments such as 5G communications, automotive radar and defense applications. As a primary application, the Aerosol Jet HD2 can serve as a drop-in replacement for the decades-old method of connecting electrical components with wire bonds, which suffer from several critical deficiencies including space inefficiency, high scrap and poor signal performance.

“Both of these new systems are aimed at high volume production and are designed to be integrated into work cells or automated production lines,” said Mike Dean, VP of Marketing. “But the machine’s performance and reliability is really only one part of the equation for production. The other part is process development time. That’s why Optomec also offers turn-key process recipes to help manufacturers get up and running in weeks instead of months.”

Optomec is a privately-held, rapidly growing supplier of Additive Manufacturing systems. Optomec’s patented Aerosol Jet Systems for printed electronics, and LENS and Huffman brand 3D Printers for metal component production and repair, are used by industry to reduce product cost and improve performance. Together, these unique printing solutions work with the broadest spectrum of functional materials, ranging from electronic inks to structural metals and even biological matter. Optomec has delivered more than 500 of its proprietary Additive Manufacturing systems to more than 200 marquee customers around the world, for production applications in the electronics, energy, life sciences and aerospace industries. Our users include countless blue-chip manufacturing companies, such as GE, Samsung, Raytheon, Siemens, Lockheed and LiteOn, as well as the US Air Force, US Navy, US Army and NASA. For more information, visit optomec.com.

LENS is a registered trademark of Sandia National Labs; Aerosol Jet is a registered trademark of Optomec, Inc.

Media Contact:
Shayna Watson
This email address is being protected from spambots. You need JavaScript enabled to view it.
(505) 761-8250

FERGUS FALLS, Minn.--(BUSINESS WIRE)--Today Otter Tail Power Company submitted its Integrated Resource Plan (IRP) to regulatory commissions in each of the three states it serves: Minnesota, North Dakota, and South Dakota.

The company spent two years analyzing robust market data and engaging with people and organizations across its service area, including updates with its regulatory commissions, who helped inform the analysis. “Planning a diverse mix of energy resources to reliably and economically serve our customers over the next 15 years is extremely complex,” said Otter Tail Power Company President Tim Rogelstad. “I am proud of our collaborative team for submitting a plan that enhances our ability to ensure our customers have the electricity they need, when they need it, at an affordable price, in an environmentally responsible way.”

In its preferred plan, Otter Tail Power Company is requesting authority to add dual fuel capability at the company’s Astoria Station, which is in South Dakota and is fueled in part by natural gas from North Dakota’s Williston Basin, add 150 megawatts of solar at a location yet to be determined, and commence the process of withdrawal from its 35% ownership interest in coal-fired Coyote Station in North Dakota in 2028.

Energy market conditions have been evolving over the past several years and are forecast to continue offering low-cost energy opportunities to utilities whose electric generation can quickly react to real-time market conditions, such as natural gas-fired resources.

“As we maintain and enhance resiliency, it’s our accountability to customers to pursue economical generation resources that give us greater control over whether or not to dispatch resources based on market conditions,” said Rogelstad. “Coyote Station has been a safe, reliable, cost-effective resource for our customers for 40 years. For that, we are grateful. Because more flexible and economical resource options are available as we look forward, Otter Tail Power Company is seeking to withdraw from our 35% ownership interest in the facility. It is important to understand this is not a decision to retire Coyote Station, which is a co-owned facility. Coyote Station’s future is not ours alone to determine.”

According to Rogelstad, Coyote Station owners continue to collaborate in analyzing data and weighing decisions that will impact the plant and each company’s employees, customers, and communities. “We are taking the time to get these important decisions right given the many stakeholders involved,” said Rogelstad. “It’s likely to be a couple of years before we know the path of any withdrawal from plant ownership and operation. While each of the owners is uniquely positioned to serve its customers—in terms of the amount of energy its customers need and the required production capacity of its generation resources—our shared priorities are to continue serving customers with reliable, low-cost electricity.​​” Otter Tail Power Company will continue to operate the plant.

Resource planning is an ever-evolving process. According to Rogelstad, Otter Tail Power Company will continue to monitor issues that could impact its plan, including changes to the Midcontinent Independent System Operator’s capacity construct, evolving energy markets, and current or future federal or state energy laws or regulations including the federal Regional Haze Rule.

By 2023 Otter Tail Power Company customers will receive approximately 35% of their energy from renewable resources. Assuming the current dispatch levels of co-owned units Coyote Station and Big Stone Plant remain as they are today, the company’s target is to reduce carbon emissions from generation resources it owns approximately 50% from 2005 levels by 2025 and 97% by 2050. “As we transition to a cleaner energy future, we’re keeping residential rates among the lowest in the nation,” said Rogelstad. “This is part of our mission and our ongoing commitment to our customers.”

About Otter Tail Power Company

Otter Tail Power Company, a subsidiary of Otter Tail Corporation (Nasdaq Global Select Market: OTTR), is headquartered in Fergus Falls, Minnesota. With a balanced commitment to environmental, economic, and community stewardship, the company provides electricity and energy services to approximately 230,000 people in Minnesota, North Dakota, and South Dakota. To learn more about Otter Tail Power Company visit otpco.com. To learn more about Otter Tail Corporation visit ottertail.com.

Stephanie Hoff
This email address is being protected from spambots. You need JavaScript enabled to view it.
218-739-8535 (office)
218-205-6179 (after hours)

Leading enterprise blockchain STRATO empowers organizations to own and manage their data, increasing traceability and provenance.

NEW YORK & HOUSTON--(BUSINESS WIRE)--Fourth paragraph should read: “This is also a steppingstone to new processes and business models using the seismic data. For example, when coupled with Cloud environments, Blockchain Entitlements could be the gateway to access the digital data itself – accelerating transactions and delivery,” said Agustin Diz, Director of E&P Information Management and Project Champion, Repsol (instead of Rebecca Hofmann, President of Blockchain For Energy).

The updated release reads:

BLOCKAPPS AND BLOCKCHAIN FOR ENERGY DEVELOPING BLOCKCHAIN-BASED SEISMIC ENTITLEMENT PLATFORM

Leading enterprise blockchain STRATO empowers organizations to own and manage their data, increasing traceability and provenance.

BlockApps, the leading enterprise blockchain platform provider, today announced its latest engagement with Houston-based energy consortium Blockchain For Energy. The global leader in collaborative blockchain development for the energy industry is working with BlockApps on the development of a blockchain-based Seismic Entitlement Platform to provide a decentralized solution for more efficient and traceable transactions. The project, which is based on the BlockApps STRATO platform, is being developed with participation from consortium members, who include Repsol, Chevron, ConocoPhillips, ExxonMobil, Hess, and Pioneer Natural Resources.

Seismic entitlement processes are complex, challenging to keep compliant and costly to maintain. Blockchain technology addresses these challenges by recording all transactions in an immutable manner with no single point of failure. This provides greater transparency and traceability for oil and gas companies, service providers, resource holders and government entities, while enhancing the security of asset transactions since no single entity has central access to records of all transactions.

“Seismic Entitlements are integral parts of oil and gas partnerships, joint ventures and the conditions that seismic information vendors place on their products. Keeping track of these over decades means there are significant costs and challenges in ensuring compliance by all companies involved. However, this tracking does not add value to the product. Blockchain greatly simplifies and streamlines the process, providing greater transparency, while preserving confidentiality,” said Raquel Clement, Project Sponsor with Chevron and Chairperson of the Board, Blockchain for Energy.

“This is also a steppingstone to new processes and business models using the seismic data. For example, when coupled with Cloud environments, Blockchain Entitlements could be the gateway to access the digital data itself – accelerating transactions and delivery,” said Agustin Diz, Director of E&P Information Management and Project Champion, Repsol.

The Seismic Entitlement Platform will drive best practices through industry alignment on key blockchain components, including governance structures, smart connected parameters, consensus protocols and cryptography requirements. Additionally, a spatially related Geographic Information System (GIS) map interface allows for accessing public data that is viewable by anyone or limiting access according to owner specifications.

Blockchain For Energy will be able to learn, lead and leverage BlockApps’ platform technology for the oil and gas industry by evaluating the technology, completing proofs of concept, and conducting pilots. In addition, the consortium can explore the benefits and industry application of blockchain, including faster transacting, enabling cloud access to the digital asset (seismic data), reduced disputes, improved safety, and lower costs, while facilitating blockchain adoption through industry best practices of data, processes, security, and compliance.

“We’re proud to work with Blockchain For Energy to simplify entitlements while helping to transform business practices from purchasing to interpretation in the cloud,” said Kieren James-Lubin, president and CEO, BlockApps. “Providing an industry-wide decentralized platform, we can fully equip customers with full tracking of Seismic Entitlements throughout the lifecycle, guaranteeing transparency and traceability without violating confidentiality.”

The Seismic Entitlement Platform is built on the BlockApps STRATO network, a flexible solution for building and operating business networks that offers secure and streamlined operations for enterprises. Leveraging STRATO, oil and gas companies can own and manage their own network, further enabling traceability to achieve provenance with mechanisms to manage complex contracts, produce immutable records of all transactions and provide a gateway for more efficient business processes for operators and vendors.

For more information on STRATO blockchain solution, visit https://blockapps.net/strato/.

About BlockApps
BlockApps is the leading provider of blockchain technology for business networks. Our platform, BlockApps STRATO, powers industry networks in energy, finance, agriculture, live events, travel and many more. Founded in 2015, BlockApps has created several industry innovations including the launch of Blockchain as a Service with Microsoft, founding the Enterprise Ethereum Alliance (the world’s largest open standard blockchain organization) and being the first blockchain company to partner with all major cloud platforms (Azure, Amazon Web Services, Google Cloud Platform). For more information, visit and contact us at www.blockapps.net, or find us on social media via LinkedIn, YouTube and Twitter.

About Blockchain for Energy:
Utilizing the benefits of blockchain technology, the Blockchain For Energy consortium (formerly known as the Offshore Operators Committee Oil & Gas Blockchain Consortium) provides its members with the best-in-class industry learnings and solutions. As a nonprofit organization, they drive digital transformation by providing members with a secure, neutral venue to accelerate the digitalization journey. They seek to resolve, reinvent, and transform the industry through collaborative synergies. For more information, www.blockchainforenergy.net or follow the organization on LinkedIn, Twitter, Instagram and Facebook.

Maija McManus
Red Lorry Yellow Lorry for BlockApps
+1 617-413-7841
This email address is being protected from spambots. You need JavaScript enabled to view it.

Martin Juniper
W1 Communications for Blockchain For Energy
713.816.4173
This email address is being protected from spambots. You need JavaScript enabled to view it.

OVERLAND PARK, Kan.--(BUSINESS WIRE)--TortoiseEcofin today announced the following unaudited balance sheet information and asset coverage ratio updates for TYG, NTG, TTP, NDP, TPZ and TEAF.

Tortoise Energy Infrastructure Corp. (NYSE: TYG) today announced that as of August 31, 2021, the company’s unaudited total assets were approximately $555.8 million and its unaudited net asset value was $400.3 million, or $33.56 per share.

As of August 31, 2021, the company’s asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 501 percent, and its coverage ratio for preferred shares was 385 percent. For more information on the company’s coverage ratios, please refer to the leverage summary web page at https://cef.tortoiseecofin.com.

Set forth below is a summary of the company’s unaudited balance sheet at August 31, 2021.

Unaudited balance sheet

11.93 million common shares currently outstanding.

Tortoise Midstream Energy Fund, Inc. (NYSE: NTG) today announced that as of August 31, 2021, the company’s unaudited total assets were approximately $277.8 million and its unaudited net asset value was $202.7 million, or $35.92 per share.

As of August 31, 2021, the company’s asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 486 percent, and its coverage ratio for preferred shares was 398 percent. For more information on the company’s coverage ratios, please refer to the leverage summary web page at https://cef.tortoiseecofin.com.

Set forth below is a summary of the company’s unaudited balance sheet at August 31, 2021.

Unaudited balance sheet

5.64 million common shares currently outstanding.

Tortoise Pipeline & Energy Fund, Inc. (NYSE: TTP) today announced that as of August 31, 2021, the company’s unaudited total assets were approximately $83.2 million and its unaudited net asset value was $62.0 million, or $27.70 per share.

As of August 31, 2021, the company’s asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 571 percent, and its coverage ratio for preferred shares was 402 percent. For more information on the company’s coverage ratios, please refer to the leverage summary web page at https://cef.tortoiseecofin.com.

Set forth below is a summary of the company’s unaudited balance sheet at August 31, 2021.

Unaudited balance sheet

2.24 million common shares currently outstanding.

TTP has completed approximately $4.7 million of share repurchases under the publicly announced repurchase plan allowing up to $5.0 million through August 31, 2021. Under the program, TTP has repurchased 264,673 shares of its common stock at an average price of $17.837 and an average discount to NAV of 20.9%.

Tortoise Energy Independence Fund, Inc. (NYSE: NDP) today announced that as of August 31, 2021, the company’s unaudited total assets were approximately $44.0 million and its unaudited net asset value was $40.6 million, or $22.00 per share.

As of August 31, 2021, the company’s asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 1,410 percent. For more information on the company’s coverage ratios, please refer to the leverage summary web page at https://cef.tortoiseecofin.com.

Set forth below is a summary of the company’s unaudited balance sheet at August 31, 2021.

Unaudited balance sheet

1.85 million common shares currently outstanding.

Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE: TPZ) today announced that as of August 31, 2021, the company’s unaudited total assets were approximately $125.0 million and its unaudited net asset value was $100.4 million, or $15.38 per share.

As of August 31, 2021, the company’s asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 518 percent. For more information on the company’s coverage ratios, please refer to the leverage summary web page at https://cef.tortoiseecofin.com.

Set forth below is a summary of the company’s unaudited balance sheet at August 31, 2021.

Unaudited balance sheet

6.53 million common shares currently outstanding.

TPZ has completed approximately $5.0 million of share repurchases under the publicly announced repurchase plan allowing up to $5.0 million through August 31, 2021. Under the program, TPZ has repurchased 424,834 shares of its common stock at an average price of $11.749 and an average discount to NAV of 18.7%.

Ecofin Sustainable and Social Impact Term Fund (NYSE: TEAF) today announced that as of August 31, 2021, the company’s unaudited total assets were approximately $262.8 million and its unaudited net asset value was $231.6 million, or $17.17 per share.

As of August 31, 2021, the company’s asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 880 percent. For more information on the company’s coverage ratios, please refer to the leverage summary web page at https://cef.tortoiseecofin.com.

Set forth below is a summary of the company’s unaudited balance sheet at August 31, 2021.

Unaudited balance sheet

13.49 million common shares outstanding.

The top 10 holdings for TYG, NTG, TTP, NDP, TPZ and TEAF as of the most recent month-end can be found on each fund’s portfolio web page at https://cef.tortoiseecofin.com.

About TortoiseEcofin

TortoiseEcofin focuses on essential assets – those assets and services that are indispensable to the economy and society. We strive to make a positive impact on clients and communities by investing in energy infrastructure and the transition to cleaner energy and by providing capital for social impact projects focused on education and senior living. TortoiseEcofin brings together strong legacies from Tortoise, with expertise investing across the energy value chain for more than 20 years, and from Ecofin, which unites ecology and finance and has roots back to the early 1990s. For additional information, please visit www.TortoiseEcofin.com.

Tortoise Capital Advisors, L.L.C. (also dba TCA Advisors) (“TCA”) is the Adviser to Tortoise Energy Infrastructure Corp., Tortoise Midstream Energy Fund, Inc., Tortoise Pipeline & Energy Fund, Inc., Tortoise Energy Independence Fund, Inc., Tortoise Power and Energy Infrastructure Fund, Inc. and Ecofin Sustainable and Social Impact Term Fund. Ecofin Advisors Limited is a sub-adviser to Ecofin Sustainable and Social Impact Term Fund.

For additional information on these funds, please visit cef.tortoiseecofin.com.

Safe harbor statement

This press release shall not constitute an offer to sell or a solicitation to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer or solicitation or sale would be unlawful prior to registration or qualification under the laws of such state or jurisdiction.

Cautionary Statement Regarding Forward-Looking Statements

This press release contains certain statements that may include “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, included herein are "forward-looking statements." Although the funds and TCA believe that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the fund’s reports that are filed with the Securities and Exchange Commission. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Other than as required by law, the funds and TCA do not assume a duty to update this forward-looking statement.

For more information contact Maggie Zastrow at (913) 981-1020 or This email address is being protected from spambots. You need JavaScript enabled to view it..

Adaptive reuse project bringing new opportunities to one of America's most impoverished communities

BUFFALO, N.Y.--(BUSINESS WIRE)--#energystorage--Viridi Parente, Inc., a developer of innovative battery technology that can be safely installed and operated in nearly any environment or location, is increasing its space on its 42-acre green tech campus to meet robust demand for its safe battery technology solutions. The company is working with Alberici Constructors to add 70,000 square feet, expanding its total research lab, assembly, office, and production space to 190,000 square feet. It also integrates automation features such as robotic welding technology and a vertical lift management system throughout the manufacturing space.

"The transition from fossil fuels to safer, quieter energy sources is gaining momentum, and Viridi Parente is leading the way," said Jon M. Williams, CEO of Viridi Parente. "Demand for our Green Machine mobile construction and industrial machinery solution has never been greater, and our Volta energy storage solution for residential, medical, commercial, and industrial applications is about to break all the traditional market entry barriers. We hope this expansion is the first of many as we continue developing new options for safe, quiet, reliable energy sources."

Viridi Parente is located in an urban 850,000-square-foot facility originally constructed in 1923 by GM as its first manufacturing facility outside of Michigan. It was previously occupied by American Axle & Manufacturing before the company abandoned it in 2007.

The site was purchased in 2008 by Williams and renovated from a fossil-fuel-powered plant into a solar-powered facility, making it a model adaptive reuse project and a fitting representation of Viridi Parente's production of sustainable energy products that displace traditional fossil fuel generation.

Viridi Parente engaged Alberici Constructors of St. Louis, Mo. for the expansive project. Converting this almost 100-year-old facility into a state-of-the-art manufacturing space required leveraging a skilled builder with automotive and manufacturing experience.

"We are excited to partner with Viridi Parente on this innovative battery technology facility. Our team brings decades of automotive and manufacturing industry expertise to this project that will enhance production capabilities and quality for our valued client," said Aaron Walsh, Alberici general manager, automotive market.

"SSOE is excited to apply our specialized lithium-ion battery plant design expertise to this project as Viridi Parente looks to revolutionize the future of distributed energy and in a way that is both economically viable and environmentally friendly. We look forward to ensuring the design of the facility supports these same core values through innovative design solutions that are both sustainable and cost-effective," added Nicholas Bryan, PMP, project manager with SSOE Group, an architecture, engineering, and construction management firm that is working with Alberici Constructors on the project.

The expanded space includes 30,000 square feet for lab and assembly space and an additional 40,000 square feet for increase shipping and receiving capacity. The company currently occupies 120,000 square feet of the campus facility with the following:

• 60,000 square feet of battery and machine assembly space featuring automotive-grade QA/QC, a fully integrated assembly process, and an industry-leading flexible assembly platform
• 20,000 square feet of office and lab space, including a dedicated state-of-the-art battery testing lab for life cycle cell and module testing, destructive cell testing, thermal testing, and R&D
• 40,000-square-foot shipping and receiving warehouse

"This campus was an economic engine for the community over the last 100 years. It ushered in the industrial revolution in Buffalo and the Northeastern United States. With this came jobs, communities, families, and prosperity," Williams said. “Viridi is working to usher in the technological revolution that will bring prosperity back to 14215 and the Northeastern United States for the next 100 years."

In addition to Viridi Parente, the campus is occupied by eight other tenants, including green tech companies and numerous nonprofits and community organizations. Located in zip code 14215, one of America's most impoverished communities, Viridi Parente's site is a strategic base for nonprofits working to improve the quality of life for surrounding residents. As part of the company's commitment to engaging with the community, organizations such as Catholic Charities and the Buffalo Peacemakers are also housed on the campus. These groups provide residents with access to critical resources that meet their basic needs as well as education, skills training, and job opportunities.

Viridi Parente deploys safe battery technology into applications that have been historically dominated by fossil fuel energy sources. The company's architecture for its Green Machine mobile energy solution for the industrial market and its Volta Energy Products energy storage system for industrial, medical, commercial, municipal, and residential users is the only design in the market that can be safely installed and operated in nearly any environment or location. The company's 42-acre campus, a former GM manufacturing facility, is bringing green jobs and workforce training opportunities to one of the nation's most impoverished zip codes while also serving as a model of how adaptive reuse projects can spur the economy and revitalize communities.

About Viridi Parente

Viridi Parente (Viridi) is a disruptive energy company in Buffalo, New York, that is changing the way we use energy, improving systems, communities, and lives. Viridi deploys safe battery technology into applications that have been historically dominated by fossil fuel energy sources. Its innovative architecture is constructed from materials used for aerospace and military applications and is the only design in the market that can be safely installed and operated in nearly any environment or location. Through its subsidiary, Green Machine Equipment, Viridi is bringing quiet, fully renewable mobile energy solutions to products in construction equipment, waste disposal, last-mile delivery, and other portable industrial markets. Through its subsidiary, Volta Energy Products, Viridi brings stationary, point-of-use storage technology that is safe, locatable, and reliable to industrial, medical, commercial, municipal, and residential building applications. Learn more at: www.viridiparente.com.

About Alberici

Alberici is a leading North American construction company serving the civil, energy, building, healthcare, heavy industrial, manufacturing, water/wastewater, and automotive industries. Founded in 1918 in St. Louis, Alberici is a recognized leader in the construction industry focused on providing clients with rock-solid reliability, the highest standards of quality and safety and innovative solutions for the most complex building needs. Alberici is ranked the 30th largest builder (Engineering News-Record, May 2021) with annual revenues exceeding $2.6 billion. With approximately 3,500 salaried employees and craft professionals, the firm is headquartered in St. Louis with offices throughout North America. More information about the company is available online at www.alberici.com or by following the company on Facebook, Twitter, LinkedIn and Instagram.

Media Contact:
Mercom Communications
Wendy Prabhu
Tel: 1-512-215-4452
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

SAN FRANCISCO--(BUSINESS WIRE)--#NatGasMarketplace--Trellis Energy, a leading software provider to the energy industry, today announced the launch of Trellis Agora, the industry's first SaaS B2B marketplace for the natural gas market. Trellis Agora provides the first consolidated platform where all supply chain participants, including producers, transporters, shippers, marketers, brokers, utilities, and end-users, can converge to conduct mission-critical business across commercials, logistics, settlement and compliance.

"Industry participants are struggling with aging and disparate systems, as well as business processes and data challenges across multiple providers. They are also lacking critical visibility into the market and their businesses," said Archana Srivastava, Trellis' Chief Product Officer. "Trellis Agora brings all industry participants together into a single marketplace to transact seamlessly, eliminate inefficiencies, activate new business opportunities, and provide real-time analytics and tools to improve decision-making."

Launched today, Agora is comprised of three hubs: Information Hub, Transaction Hub, and Partner Connect—each uniquely supporting a specific aspect of the natural gas supply chain. Participants can subscribe to only what they need, while quickly adopting emerging business trends with fast deployments to a cloud-based solution. Other valuable benefits include reducing overall IT and operational costs, optimizing assets, and increasing revenue.

"Our goal is to transform the natural gas supply chain, enabling organizations to maximize their return on assets," said Rakesh Agrawal, Trellis Founder and CEO. "The energy industry is migrating rapidly towards digital transformation and modernization. Trellis Agora is a pivotal technology supporting that evolution and is best positioned to positively disrupt the industry."

The complete vision of Trellis Agora stretches well beyond today's launch. To learn more, visit www.trellisenergy.com.

About Trellis Energy

Trellis Energy, headquartered in San Francisco, CA, provides the industry's first SaaS B2B marketplace for the entire natural gas supply chain. The Trellis Agora platform transforms the way natural gas industry participants transact mission-critical business. Participants can easily access aggregated market data, analytics, and actionable operational intelligence—all within a single platform while connecting with all of their business partners.

More information about Trellis is available at www.trellisenergy.com. Follow Trellis Energy on LinkedIn and Twitter.

Trellis Energy
Shannon Albright
Director, Marketing
832-465-7319 | This email address is being protected from spambots. You need JavaScript enabled to view it. | trellisenergy.com

EWING, N.J.--(BUSINESS WIRE)--$OLED #OLED--Universal Display Corporation (Nasdaq: OLED), enabling energy-efficient displays and lighting with its UniversalPHOLED^® technology and materials, today announced its participation in the following investor conferences.

Deutsche Bank Technology Conference
Date: September 9, 2021
Presentation Time: 9:10 AM ET*
Location: Virtual
Presenter: Sidney Rosenblatt, Executive Vice President and CFO

Citi 2021 Virtual Global Technology Conference
Date: September 13, 2021
Presentation Time: 8:50 AM ET*
Location: Virtual
Presenter: Sidney Rosenblatt, Executive Vice President and CFO

* A live and archived audio webcast of the investor presentations will be available on the events page of the Company's Investor Relations website at ir.oled.com.

About Universal Display Corporation
Universal Display Corporation (Nasdaq: OLED) is a leader in the research, development and commercialization of organic light emitting diode (OLED) technologies and materials for use in display and solid-state lighting applications. Founded in 1994 and with subsidiaries and offices around the world, the Company currently owns, exclusively licenses or has the sole right to sublicense more than 5,000 patents issued and pending worldwide. Universal Display licenses its proprietary technologies, including its breakthrough high-efficiency UniversalPHOLED® phosphorescent OLED technology that can enable the development of energy-efficient and eco-friendly displays and solid-state lighting. The Company also develops and offers high-quality, state-of-the-art UniversalPHOLED materials that are recognized as key ingredients in the fabrication of OLEDs with peak performance. In addition, Universal Display delivers innovative and customized solutions to its clients and partners through technology transfer, collaborative technology development and on-site training. To learn more about Universal Display Corporation, please visit https://oled.com/.

Universal Display Corporation and the Universal Display Corporation logo are trademarks or registered trademarks of Universal Display Corporation. All other company, brand or product names may be trademarks or registered trademarks.

All statements in this document that are not historical, such as those relating to the Company’s technologies and potential applications of those technologies, the Company’s expected results and future declaration of dividends, as well as the growth of the OLED market and the Company’s opportunities in that market, are forward-looking financial statements within the meaning of the Private Securities Litigation Reform Act of 1995. You are cautioned not to place undue reliance on any forward-looking statements in this document, as they reflect Universal Display Corporation’s current views with respect to future events and are subject to risks and uncertainties that could cause actual results to differ materially from those contemplated. These risks and uncertainties are discussed in greater detail in Universal Display Corporation’s periodic reports on Form 10-K and Form 10-Q filed with the Securities and Exchange Commission, including, in particular, the section entitled “Risk Factors” in Universal Display Corporation’s Annual Report on Form 10-K for the year ended December 31, 2020. Universal Display Corporation disclaims any obligation to update any forward-looking statement contained in this document.

Follow Universal Display Corporation

Twitter
Facebook
YouTube

(OLED-C)

Universal Display Contact:
Darice Liu
This email address is being protected from spambots. You need JavaScript enabled to view it.
This email address is being protected from spambots. You need JavaScript enabled to view it.
+1 609-964-5123

The Global Mercy®, the newly built ship of Mercy Ships, completed its journey through the Suez Canal free of charge and is scheduled to dock in the Port of Antwerp in mid-September for further equipping.

GARDEN CITY, Texas--(BUSINESS WIRE)--#GlobalMercy--As the International Day of Charity (Sunday, September 5, 2021) draws closer, Mercy Ships has announced that the Global Mercy completed its journey through the Suez Canal and the ship is headed for a short courtesy visit in Malta. The Global Mercy, the newest hospital ship of Mercy Ships, is in the last leg of the journey to the Port of Antwerp, where it will be further equipped and crewed. The ship is scheduled to arrive mid-September in Belgium and remain until early next year.

Unique international and national cooperation

The Senegalese and Egyptian governments facilitated the passage of the Global Mercy through the Suez Canal, so that the ship could pass through free of charge. This unique gesture allows Mercy Ships to save many thousands of extra lives in Africa in the long run.

Bert van Dijk, international board member and president of Mercy Ships Belgium, is enthusiastic and grateful for the tremendous cooperation and support for this unique project, "On the initiative of and led by President Macky Sall of Senegal together with an active involvement of his ambassador in Brussels, the President and the authorities of Egypt have agreed to guide the Global Mercy through the Suez Canal free of charge and without any cost to the charity. This is a wonderful example of a unique collaboration between two heads of state to support Mercy Ships and contribute to the improvement of healthcare in Africa.”

President Macky Sall of Senegal says, “I have seen and experienced with my own eyes that Mercy Ships is a wonderful organization that brings hope and healing to many African countries. We will welcome the Global Mercy with open arms in the spring of 2022 and give our full support at the start of its first mission in Africa. We are very grateful for the indispensable support of so many to actually help my country and my people."

The Port of Antwerp has made the arrival of the Global Mercy in Antwerp possible by offering a free berth and support. Volunteers from home and abroad will set up and finish the Global Mercy, the largest private hospital ship in the world. This includes the installation of medical equipment and IT systems, as well as the supply and crewing of the ship for its first mission.

"This unique project is a highlight in the collaboration between Port of Antwerp and Mercy Ships. The social commitment in the port community is very high, so we are not alone in our support. Dozens of companies in our port already support Mercy Ships structurally and will do the same in the equipping of the Global Mercy. Mercy Ships and the wonderful work they do are close to the heart of the Port of Antwerp," says Annick De Ridder, chairman of the Port and Alderman of Antwerp.

Doubling of impact in Africa

The Global Mercy will be the 'partner ship' of the current hospital ship, the Africa Mercy. Mercy Ships expects to more than double the impact of its work with the new vessel, both with life-changing operations and with education and training of local caregivers in the poorest countries in Africa.

During its missions, the Global Mercy can accommodate 950 people, including 641 crew members, who consist of volunteers from all over the world. In addition to the hospital, the ship also has first-class training facilities with which Mercy Ships contributes to the sustainable development of local medical care in many countries.

Largest private hospital ship in the world

The Global Mercy is a unique ship in the passenger class: 174 meters long, 28.6 meters wide and a gross tonnage of 37,000. It has 6 operating rooms, 200 beds, a laboratory, general outpatient clinics and eye and dental clinics. The total area of the hospital department is 7,000 m².

In the spring of 2022, Mercy Ships plans to open the ship to the public for tours in Rotterdam, the Netherlands, before beginning active service with the Global Mercy in Dakar (Senegal), the first of many new missions in the next 50 years.

ABOUT MERCY SHIPS

Mercy Ships uses hospital ships to deliver free, world-class healthcare services, capacity building, and sustainable development to those with little access in the developing world. Founded in 1978 by Don and Deyon Stephens, Mercy Ships has worked in more than 55 developing countries, providing services valued at more than $1.7 billion and directly benefitting more than 2.8 million people. Our ships are crewed by volunteers from over 60 nations, with an average of over 1200 volunteers each year. Professionals including surgeons, dentists, nurses, healthcare trainers, teachers, cooks, seamen, engineers, and agriculturalists donate their time and skills. With 16 national offices and an Africa Bureau, Mercy Ships seeks to transform individuals and serve nations. For more information click on www.mercyships.org.

Laura Rebouché
U.S. National Media Relations Director
Mercy Ships
Office: +1-903.939.7000
Direct: +1 903.939.7127
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

VALLEY FORGE, Pa.--(BUSINESS WIRE)--#MountaineerGas--UGI Corporation (NYSE: UGI) has completed the previously announced acquisition of Mountaintop Energy Holdings LLC, owner of Mountaineer Gas Company (“Mountaineer”), the largest gas local distribution company in West Virginia, for an enterprise value of $540 million. With all closing conditions now satisfied, including final regulatory approval from the West Virginia Public Service Commission, Mountaineer becomes the newest wholly-owned subsidiary of UGI.

UGI also announced that C. David Lokant has been named president of Mountaineer, effective immediately. Mr. Lokant will assume responsibility for all aspects of Mountaineer’s operations. Mr. Lokant previously served as Chief Operating Officer and Senior Vice President for Mountaineer. He joined Mountaineer when West Virginia Power Gas assets were purchased from UtiliCorp in 2000. Mr. Lokant has more than 30 years of industry experience and has held a variety of positions throughout his career in operations, regulatory relations, customer service, accounting, and engineering.

Mountaineer serves nearly 215,000 customers across 50 of West Virginia’s 55 counties. The customer base is approximately 90% residential, with the remaining 10% comprised of commercial and industrial customers. Mountaineer is fully regulated, and its system has nearly 6,000 miles of distribution, transmission, and gathering pipelines.

“We are very pleased to complete this important acquisition and expand our core utility operations in the mid-Atlantic region. I am also confident that Dave will provide excellent leadership of Mountaineer,” said Roger Perreault, President and Chief Executive Officer of UGI. “This addition provides us with an opportunity to deliver safe, reliable, affordable, and environmentally responsible energy solutions to customers in West Virginia. We see significant opportunities to make regulated investments focused on long-term system enhancement and expand the reach of natural gas to both unserved and underserved areas. We are also pleased with this acquisition as it supports our strategy of delivering reliable earnings growth and rebalancing our portfolio.”

“We look forward to welcoming the Mountaineer employees and customers to the UGI family of companies. Mountaineer is a great fit for our natural gas businesses and UGI as a whole,” said Robert F. Beard, UGI’s Executive Vice President, Natural Gas. “The company brings an exceptional management team with significant experience, a track record of safe operations, and strong regulatory, customer and community relationships. Like UGI Utilities, Mountaineer’s customers are situated in the prolific Marcellus shale production region and have access to clean, abundant, reliable, and affordable natural gas. We look forward to becoming a part of the West Virginia community and investing in the safety and reliability of the Mountaineer system in alignment with our environmental efforts to lower methane and other GHG emissions. With over 135 years of experience in the gas utilities business, we are confident that we can execute on these investment opportunities while maintaining competitive rates and providing best-in-class service to our new customers.”

About UGI Corporation

UGI Corporation is a distributor and marketer of energy products and services. Through subsidiaries, UGI operates natural gas and electric utilities in Pennsylvania and West Virginia, distributes LPG both domestically (through AmeriGas) and internationally (through UGI International), manages midstream energy assets in Pennsylvania, Ohio, and West Virginia and electric generation assets in Pennsylvania, and engages in energy marketing, including renewable natural gas in the eastern region of the United States and California, and internationally in France, Belgium, the Netherlands and the UK.

Comprehensive information about UGI Corporation is available on the Internet at https://www.ugicorp.com.

Investor Relations
610-337-1000
Tameka Morris, ext. 6297
Arnab Mukherjee, ext. 7498

New offerings help carriers, forwarders and shippers in Europe connect and collaborate on the world’s most trusted visibility platform

AMSTERDAM--(BUSINESS WIRE)--FourKites^®, the world’s leading real-time supply chain visibility platform, has released powerful new capabilities designed to help shippers, carriers and forwarders more quickly and easily collaborate to increase end customer satisfaction, reduce supply chain costs and increase on-time delivery performance. With ever-increasing demand, supply chain visibility has become table stakes for modern supply chains, and seamless connection and communication between carriers and shippers has never been more important. FourKites’ combination of swift carrier connections, powerful collaboration tools and the industry’s highest-quality real-time logistics data provides shippers and their forwarder/carrier partners with robust assurances of rapid, frictionless implementation and faster time to value.

• Instant Messenger, now with extended capabilities that allow shippers to chat directly with forwarders and carriers, gives supply chain partners the ability to view and share important information and resolve issues together, in real time. Without leaving the FourKites platform, track-and-trace and dispatch workers, drivers and warehouse personnel can view the critical information that affects shipments and deliveries — all in one single interface. Users can share documents, photographs and notes for any given load, as well as form online workgroups and control access as needed.
• CarrierLink^®, the industry’s most downloaded visibility app for drivers, now includes improved turn-by-turn navigation for better route optimisation; mobile check-in; and new capabilities for updating appointment times, adding notes to loads and uploading paperwork. It also features enhanced capabilities for viewing fuel stops, weigh stations, location ratings and amenities along routes.

"We have hundreds of carriers within our network, from the courier side to the truckload side. When it comes to onboarding, FourKites has been fantastic,” said Josh Dolan, VP of Global Logistics, Cardinal Health. “They've done a phenomenal job working with carriers through the process and helping us fill the gap with new technologies that simplify and speed up onboarding, and enhance communication between Cardinal Health and our partners."

The German multinational Bayer saves time while increasing customer satisfaction thanks to FourKites’ supply chain visibility platform. The impact has already been so strong that the company has made visibility an essential part of its long term strategy.

“Every day, our carriers automatically share location data with our FourKites platform on hundreds of loads throughout Europe,” says Edmund Jager, Head of Distribution EMEA at Bayer. “We are able to track our products minute by minute and, in real time, pass on detailed arrival times to our customers. This means the distributors we supply always know their stock situation and end customers can depend on us to get them the seeds and crop protection they need, when they need them. We look forward to onboarding more carriers and so strengthen our customer-centric approach.”

In addition, FourKites recently announced its industry-first Tracking Quality Guarantee, which establishes the highest standards in supply chain data, guaranteeing real-time visibility and predictive intelligence into a minimum of 90% of customers’ shipments — end-to-end and across every mode and geography. This differentiated approach gives supply chain partners the collaborative opportunities and network effects they need to improve customer satisfaction and optimise their supply chain performance.

“As the first mover and leading innovator in real-time visibility and supply chain management solutions, FourKites is committed to helping shippers, forwarders and carriers achieve end-to-end supply chain visibility faster, and with assurances of the highest-quality tracking in the industry,” said FourKites founder and CEO Mathew Elenjickal. “We are excited to make these powerful new capabilities available to the community to enable greater collaboration and communication, and ultimately, value.”

About FourKites

FourKites^® is the #1 supply chain visibility platform in the world, extending visibility beyond transportation into yards, warehouses, stores and beyond. Tracking more than 2 million shipments daily across road, rail, ocean, air, parcel and courier, and reaching 176 countries, FourKites combines real-time data and powerful machine learning to help companies digitise their end-to-end supply chains. More than 600 of the world’s most recognised brands — including 9 of the top-10 CPG and 18 of the top-20 food and beverage companies — trust FourKites to transform their business and create more agile, efficient and sustainable supply chains. To learn more, visit https://www.fourkites.com/.

Scott Johnston
European PR Lead for FourKites
+31 62 147 8442
This email address is being protected from spambots. You need JavaScript enabled to view it.

NEW YORK--(BUSINESS WIRE)--The Board of Directors of Hess Corporation (NYSE: HES) today declared a regular quarterly dividend of 25 cents per share payable on the Common Stock of the Corporation on September 30, 2021 to holders of record at the close of business on September 15, 2021.

Hess Corporation is a leading global independent energy company engaged in the exploration and production of crude oil and natural gas. More information on Hess Corporation is available at http://www.hess.com.

For Hess Corporation
Investor Contact:
Jay Wilson
(212) 536-8940

Media Contact:
Lorrie Hecker
(212) 536-8250
This email address is being protected from spambots. You need JavaScript enabled to view it.

World leader in CFD now offers flow simulation and analysis with zero carbon footprint

LONDON--(BUSINESS WIRE)--#HPC--Verne Global, provider of sustainable data center solutions for high intensity computing, today announced that Wirth Research, an engineering, design technology and advanced Computational Fluid Dynamics (CFD) consultancy, has relocated its supercomputer to Verne Global’s data center campus in Iceland. The move enables Wirth Research to analyse, optimise and verify the performance of designs for its industry customers with zero carbon cost.

With its roots in motorsports, Wirth Research was founded by Nick Wirth, former Simtek Grand Prix owner and Benetton F1 chief designer. Since 2003, the company has pioneered the use of advanced virtual engineering technologies that reduce the need for costly physical tests and the wasteful manufacture of prototypes. Wirth Research uses high resolution CFD analyses to design and develop innovative airflow solutions for a wide variety of sectors and uses. These include identifying key airflow mechanisms that minimise the airborne transport of viruses, like Covid, in public spaces, as well as controlling and targeting airflow to make supermarket refrigeration more efficient, and city streets more comfortable for pedestrians through wind engineering of tall buildings.

CFD is incredibly power-intensive and requires high intensity computing environments. With its in-house high performance computing (HPC) servers nearing end-of-life, Wirth Research sought to improve the speed, performance and reliability of its compute-intensive applications while, at the same time, increasing efficiency and reducing their energy footprint. After extensive consideration, Wirth Research chose to colocate its new Dell EMC PowerEdge servers powered by AMD Epyc CPUs and ​Nvidia Tesla T4 GPUs at Verne Global’s Icelandic campus due to its first-in-class performance and on-site HPC support. Crucially, Verne Global also offers a sustainable alternative to fossil-fuelled compute power – 100% renewable hydro-electric and geothermal energy, with free cooling from Iceland’s year-round lower temperatures.

Previously, Wirth Research’s headquarters were tethered to where its CFD supercomputer was located, on a site with substantial energy costs and cooling requirements. By moving its high performance compute to Verne Global, and replacing its existing hardware with new hyper-efficient AMD Epyc 2 processors, Wirth Research’s costs were reduced so significantly that the savings in energy usage easily justified the investment in upgraded hardware. As well, Wirth Research was able to move its headquarters to a state-of-the-art, eco-friendly office, more in line with its core values.

“At Wirth Research, the work we do is sustainability work, helping our clients implement energy-saving carbon reduction systems that aren’t just planet-friendly, but also offer compelling returns on investment,” said Nick Wirth, President and Technical Director, Wirth Research. “Verne Global’s renewably powered data center – optimised for HPC and supported by a skilled team of engineers – is the ideal place to host our high intensity compute.”

“Wirth Research’s advanced engineering technologies can revolutionise industries, and Verne Global is thrilled to be a part of delivering that innovation at zero carbon cost,” said Dominic Ward, CEO, Verne Global. “Verne Global was built from the ground up with sustainability, scalability and security front-of-mind, and we look forward to supporting Wirth Research’s future growth.”

To learn more about Verne Global, follow us on Twitter, connect with us on LinkedIn and visit us online at www.verneglobal.com

About Verne Global:

Verne Global delivers data center solutions for high intensity computing, engineered for optimal high performance compute and built upon 100% renewable energy. Our clean grid and stable climate cuts costs and energy usage, and our expert team provides on-site, around-the-clock support to maximise performance and flexibility for customer workloads.

Founded in 2012, our Icelandic data center campus powers some of the world’s most innovative and demanding industries, including financial services, earth sciences, life sciences, engineering, scientific research and AI.

About Wirth:

Founded by esteemed motorsport designer and former youngest-ever Fellow of the Royal Institution of Mechanical Engineers, Nick Wirth, Wirth Research’s mission is to make life more enjoyable and more sustainable through technology. They are able to make buildings better to live, work and shop in; to make vehicles more energy-efficient; and do all of this while providing our clients with a compelling return on their investment.

Their products include the EcoBlade™ – a twin-bladed strip fitted to the front of fridge shelves to reduce cold air being lost into the aisles, using the same techniques that channel airflow more efficiently around racing cars to enable them to corner at higher speeds. And the AirDoor, a mechatronic archway situated at a building’s entrance which uses an active, targeted airflow to improve internal comfort whilst also improving the building’s energy efficiency.

Wirth Research also specialises in the research, design and manufacture of cutting-edge engineering solutions. Recent projects have included Apple Inc.’s corporate headquarters, Apple Park in California, central London skyscraper 22 Bishopsgate and the award-winning Bloomberg European HQ – the world’s most sustainable office building – as well as helping multiple supermarket chains to substantially reduce their store energy usage and CO2 emissions.

Media:
Claire Ayles / Hannah Arnold
Eleven Hundred Agency
T: +44(0)20 7688 5202
E: This email address is being protected from spambots. You need JavaScript enabled to view it. / This email address is being protected from spambots. You need JavaScript enabled to view it.

TULSA, Okla.--(BUSINESS WIRE)--Williams (NYSE: WMB) President and Chief Executive Officer Alan Armstrong along with Chief Financial Officer John Chandler are scheduled to participate in meetings with investors at the 2021 Barclays CEO-Energy Power Conference on Wednesday, September 8.

Mr. Armstrong is scheduled to present at the conference at approximately 8:35 a.m. Eastern Time (7:35 a.m. Central Time). A link to the live webcast of the presentation, along with presentation slides for viewing and downloading, will be available at https://investor.williams.com on the morning of September 8.

About Williams

Williams (NYSE: WMB) is committed to being the leader in providing infrastructure that safely delivers natural gas products to reliably fuel the clean energy economy. Headquartered in Tulsa, Oklahoma, Williams is an industry-leading, investment grade C-Corp with operations across the natural gas value chain including gathering, processing, interstate transportation and storage of natural gas and natural gas liquids. With major positions in top U.S. supply basins, Williams connects the best supplies with the growing demand for clean energy. Williams owns and operates more than 30,000 miles of pipelines system wide – including Transco, the nation’s largest volume and fastest growing pipeline – and handles approximately 30 percent of the natural gas in the United States that is used every day for clean-power generation, heating and industrial use.

MEDIA:
This email address is being protected from spambots. You need JavaScript enabled to view it.
(800) 945-8723

INVESTOR CONTACT:
Danilo Juvane
(918) 573-5075

Grace Scott
(918) 573-1092

MUNICH & PFORZHEIM, Germany--(BUSINESS WIRE)--Green hydrogen is a key element of the energy transition, which also provides incredible opportunities for industry and society in the effort toward climate protection, innovation and sustainability. This form of hydrogen, which is produced using renewable energy, is the focus of the innovation hub The smarter E Europe Restart 2021 and ees Europe Restart, taking place from October 6–8, 2021, at Messe München. The smarter E – Green Hydrogen Forum, which will be held during the exhibition, will provide a platform for industry representatives along the entire value chain. Businesses looking to bring hydrogen, fuel cells, electrolysis and Power-to-Gas to the market will be meeting at the Green Hydrogen Forum & Expo in hall B6.

The production of green hydrogen as a catalyst for a climate-neutral and internationally competitive Europe is fueling the expansion of photovoltaics and wind energy plants. There is enormous potential: With green hydrogen, it will be possible to decarbonize industrial applications relating to maritime shipping, heavy-duty vehicles and aviation, which cannot be run electrically. “The combination of renewable energy and hydrogen could be the new dream team of the energy transition,” says Werner Diwald, Chairman of the German Hydrogen and Fuel-Cell Association.

The smarter E – Green Hydrogen Forum provides inspiration
As a source of inspiration for the industry, The smarter E Europe Restart 2021 and the energy exhibition ees Europe Restart 2021 are dedicating a special exhibition space to green hydrogen. The exhibition space Green Hydrogen Forum & Expo in Hall B6 will display information, technology, services and infrastructure solutions relating to hydrogen technology, fuel cells, electrolysis and Power-to-Gas – this is where companies from different sectors and industries come together from across the globe.

First-rate speakers will be presenting information on the latest developments, innovations and technologies at the Green Hydrogen Forum, which will be held during ees Europe Restart 2021 from October 6–8 at Messe München. Amongst others, Jorgo Chatzimarkakis will be speaking about “Hydrogen as a Key Factor in a Circular Economy” on October 6.

Partners include the European association Hydrogen Europe as well as the German Hydrogen and Fuel-Cell Association; the conference’s program partner is European Fuel Cell Forum EFCF.

More information about the The smarter E – Green Hydrogen Forum here: https://www.thesmartere.de/accompanying-program/the-smarter-e-forum/green-hydrogen?lang=en

Robert Schwarzenböck
This email address is being protected from spambots. You need JavaScript enabled to view it.