IRVING, Texas--(BUSINESS WIRE)--Exxon Mobil Corporation said today that Lawrence “Larry” W. Kellner and John D. Harris II have joined its board of directors. Kellner is the former chairman and chief executive officer of Continental Airlines and current chairman of the board for the Boeing Company. Harris is the former chief executive officer of Raytheon International Inc., a wholly owned subsidiary of Raytheon Company, a global engineering and technology company focused on aviation, space and defense.
“During Larry’s tenure as chairman and CEO of Continental Airlines, he led a major turnaround following the industry’s downturn after 9/11 and helped make Continental a leader among major carriers. His experience in the airline industry comes with a focus on safety and will provide useful customer insights into many areas of strategic interest, including the role ExxonMobil can play in providing lower-emission fuel options for commercial transportation,” said Darren Woods, chairman and chief executive officer for Exxon Mobil Corporation. “Over his 35-year career with Raytheon, John served in a variety of complex, cross-functional roles. He led significant business transformation to unlock value and new markets on an international scale and brings a rare understanding of the role of technology and government policy.”
“We welcome both Larry and John to the ExxonMobil board, as the company executes its strategy to grow shareholder value by leading a thoughtful transition to a lower-emissions future, while providing the reliable energy and products the world needs,” said Joseph Hooley, lead independent director for Exxon Mobil Corporation. “These new directors deepen the diverse expertise of the board with both bringing significant experience as executives of large, complex, capital-intensive global companies that successfully navigated significant industry transitions.”
Kellner is president of Emerald Creek Group, LLC, a private equity firm based in Austin, Texas. From December 2004 to December 2009, he was the chairman and chief executive officer of Continental Airlines, Inc., which had operations around the world with 41,000 employees. He joined Continental in 1995 as chief financial officer and was named chief operating officer in 2003.
Kellner has a distinguished reputation as a board leader who provides meaningful oversight in challenging and changing markets. He currently serves as chair of the board for the Boeing Company. He formerly served as lead director at Marriott International, Inc., as chairman at Sabre Corporation, and as director at Chubb Limited, Belden & Blake Corporation, and ExpressJet Holdings, Inc.
Harris currently serves on the public boards of Kyndryl Holdings, Cisco Systems, and Flex. Harris began his career in 1983 with Raytheon Company and served in various roles of increasing responsibility, including several vice president roles overseeing operations, contracts, supply chain, electronic systems, and intelligence, information and technical services.
In 2013, he was named chief executive officer for Raytheon International – a role he held until his retirement in 2020. During his 35-year career with Raytheon, Harris gained experience leading the company’s worldwide sales, government relations, operations, and developing and executing its business strategy. He also is credited with restructuring and reforming the business development function from an organization focused on product offerings, to one skilled at business creation and solutions.
With the election of Harris and Kellner, the board has added experienced, proven leaders who have led value-creation efforts through industry transitions. The ExxonMobil board has increased to 13 directors, 12 of whom are independent. In recent years the company has added board expertise in climate science, the energy industry, asset and risk management, and capital allocation.
About ExxonMobil
ExxonMobil, one of the largest publicly traded international energy and petrochemical companies, creates solutions that improve quality of life and meet society’s evolving needs
The corporation’s primary businesses - Upstream, Product Solutions and Low Carbon Solutions - provide products that enable modern life, including energy, chemicals, lubricants, and lower-emissions technologies. ExxonMobil holds an industry-leading portfolio of resources, and is one of the largest integrated fuels, lubricants and chemical companies in the world. To learn more, visit exxonmobil.com and the Energy Factor.
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DUBLIN--(BUSINESS WIRE)--The "Gas Insulated Switchgear Market by Installation (Indoor, Outdoor), Insulation Type (SF6, SF6 free), Voltage Rating (Up to 36 kV, 37 to 73 kV, 74 to 220 kV, Above 220 kV), Configuration, End-User and Region - Global Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.
The global gas insulated switchgear market is expected to reach USD 31.3 billion by 2027 from an estimated USD 23.1 billion in 2022, at a CAGR of 6.3% from 2022 to 2027.
The growth of the gas insulated switchgear market is proportional to the global energy demand has been increasing gradually due to an increase in energy consumption in recent years, which are the primary drivers of growth in the electricity demand. The industrial sector was the main driver of increased demand, although the commercial, service, and residential sectors all played a significant role.
As a result of the strong demand for energy resources, variations in supply and demand are what cause price volatility in the energy market. The main causes of price volatility are a combination of better economic conditions, availability of energy resources, and rising power consumption.
Additionally, managing energy has taken a high focus with the introduction of loT for home automation and building automation reasons. Hence, these factors drive the need for gas-insulated switchgear to monitor and optimize energy consumption.
Sulfur hexafluoride (SF6) gas is pumped inside gas-tight metallic casings that serve as the insulating and arc-quenching medium for all current-carrying components in GIS substations. SF6 is not flammable and does not degrade because it is a dry inert gas.
Furthermore, SF6 is one of the fluorinated gases, a class of chemicals, and is designated as a ""greenhouse gas"" (GHG). It has the highest potential to cause global warming of any GHG. Since SF6 emissions have significantly decreased, the Environmental Protection Agency's (EPA) investigation of the substance in the US will be affected.
This might result in even more stringent limitations on the usage of SF6. Most rules that could potentially apply to the usage of SF6 relate to the family of fluorinated gases known as F-gases, which are chemically related. F-gas regulations will affect SF6 more as they tighten, which will affect the gas-insulated switchgear market.
Up to 36 kV segment, by voltage rating, to be fastest growing market from 2022 to 2027
Four types of subgroups are used for the gas insulated switchgear up to 36 kV, 37 to 73 kV, 74 to 220 kV, and above 220 kV. The up to 36 kV is a subgroup of voltage rating revolution that is mostly used at all end user segments use mostly gas insulated switchgear up to 36 kV, with the manufacturing and process industries, T&D utilities, and railway systems being the main exceptions.
It is primarily utilized in T&D substations for the protection of industrial equipment, including HVAC and air-conditioning, motors, compressors, heating, and lighting systems, overload current protection, and electric arc protection. The industrial sector has grown overall due to the expansion in the manufacturing sector, which is anticipated to boost the demand for up to 36 kV gas insulated switchgear.
The market for GIS for up to 36 kV voltage rating segment is projected to increase as a result of the rising investments in renewable energy and the expanding industrial and commercial sector, which includes enormous malls, hospitals, and hotels. The demand for power from industrial and commercial enterprises, which make up the majority of users, has significantly decreased.
SF6 segment, by insulation type, to be largest market from 2022 to 2027
The insulation type segments have two types including SF6 and SF6 Free. A new generation of medium voltage switchgear is an SF6 gas insulated switchgear. High-voltage parts such as busbars, circuit breakers, and disconnectors were completely sealed in the SF6 gas tank at 1.4 bar pressure to achieve IP67 protection.
Compared to air-insulated switchgear, SF6-filled gas switchgear can be 10 times smaller. An inert, non-toxic, tasteless, odorless, colorless, and inflammable gas with the chemical formula Sulfur Hexafluoride. It consists of a sulfur atom securely bound to and surrounded by six fluorine atoms.
At the same pressure, it is two to three times more insulating than air and around 100 times more effective at interrupting arcs than air as the market for SF6-based gas insulated switchgear is expected to be driven by rising investments in renewable energy that lead to a need for upgrading current substations or installing new ones.
Asia Pacific to be largest and fastest growing region in gas insulated switchgear market
Asia Pacific is expected to dominate the global gas insulated switchgear market and projected to grow at the highest CAGR between 2022 and 2027. The rapid development and progress of Asia Pacific area are being driven by the expansion of all Asian nations' major economies.
Power transmission utilities, power generation utilities, power distribution utilities, commercial sectors, and railways and metros are some of the region's primary end-users of gas insulated switchgear. Due to the lower capital and labor costs, the manufacturing sector in the area is projected to have continued market growth.
With the growing population in Asian countries such as China and India, electricity generation demand is also rising. To effectively fulfill the region's expanding energy needs, clean energy is widely adopted. These countries are trying to modernize their outdated infrastructure to make integrating renewable energy sources into the national grid easier.
The demand for GIS to regulate electricity and offer fault protection will significantly increase, raising the market for gas insulated switchgear in Asia Pacific.
Competitive landscape
Major globally established players dominate the gas insulated switchgear market. The leading players in the gas insulated switchgear market are ABB (Switzerland), Siemens (Germany), General Electric (US), Schneider Electric (France), Eaton (Ireland), Mitsubishi Electric (Japan), Nissin Electric (Japan), CG Power And Industrial Solutions (India), Fuji Electric (Japan), Powell Industries (US), Hyundai Electric & Energy Systems (South Korea), Hitachi (Japan), and others.
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Tuesday, December 6, 2022
HOUSTON--(BUSINESS WIRE)--The Port Commission of the Port of Houston Authority will hold its last Regular Meeting this year on Tuesday, December 6, 2022, beginning at 9:15 a.m. A quorum of the Port Commission, along with executive leadership, will be present in the boardroom of the Port Houston Executive Office Building, located at 111 East Loop North, Houston, TX 77029.
This will be conducted as a hybrid meeting open to the public to attend in person or accessed virtually via WebEx webinar.
The agenda and the instructions to access Port Houston public meetings are available at https://porthouston.com/leadership/public-meetings/.
Please note the following upcoming Port Houston public meetings (subject to change):
January 26, 2023
|
9:15 a.m. |
Port Commission Meeting |
Sign up for public comment is available up to an hour before the meeting by contacting Erik Eriksson at This email address is being protected from spambots. You need JavaScript enabled to view it. or Liana Christian at This email address is being protected from spambots. You need JavaScript enabled to view it..
About Port Houston
For more than 100 years, Port Houston has owned and operated the public wharves and terminals along the Houston Ship Channel – the nation’s largest port for waterborne tonnage and an essential economic engine for the Houston region, the state of Texas, and the U.S. nation. The more than 200 private and eight public terminals along the federal waterway supports the creation of nearly 1.35 million jobs in Texas and 3.2 million jobs nationwide, and economic activity totaling $339 billion in Texas – 20.6% of Texas’ total gross domestic product (GDP) – and a total of $801.9 billion in economic impact across the nation. For more information, visit the website: https://porthouston.com/
Lisa Ashley-Daniels, Director, Media Relations, Port Houston
Office: 713-670-2644; Mobile: 832-247-8179; E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
-- Grön Fuels GigaSystem™ to Produce Carbon Negative Sustainable Aviation Fuel Through Diverse Slate of Renewable Feedstocks and the Incorporation of Biomass Energy, Carbon Capture & Storage—
--JetBlue Continues to Build Promising SAF Partnerships as It Advances Its Goal to Reach 10% SAF by 2030--
NEW YORK--(BUSINESS WIRE)--JetBlue (Nasdaq: JBLU) and Fidelis New Energy, LLC (Fidelis) today announced a memorandum of understanding (MOU) to provide JetBlue at least 92 million gallons of blended sustainable aviation fuel (SAF) from Fidelis’ Grön Fuels GigaSystem™ at the Port of Greater Baton Rouge in Louisiana. This SAF is expected to be delivered over the five-year term with a targeted start date of 2025.
With this MOU, Fidelis’ negative carbon intensity SAF is helping JetBlue advance toward its goal to reach 10 percent of its total fuel usage as SAF on a blended basis by 2030. JetBlue is the only US carrier to be flying regular domestic flights using both available SAF producers delivering today and continues to support the emerging SAF market with significant commitments as the airline continues to grow its SAF mix. The SAF from the Grön Fuels GigaSystem is innovatively designed to achieve negative lifecycle carbon intensity by integrating carbon capture & sequestration (CCS) and biomass energy with CCS (BECCS).
Designed to be the largest and highest efficiency purpose-built renewable fuels facility in North America, the Grön Fuels GigaSystem will produce an estimated 1 billion gallons per year (65,000 barrels per day) of sustainable aviation fuel, renewable diesel, and other low carbon products. Grön Fuels further enhances its efficiency and industry-leading carbon intensity by capturing waste process heat to generate power, producing biogas from byproducts and using its highly flexible processing capabilities to produce carbon negative SAF from a wide array of existing and emerging low carbon intensity feedstocks.
“JetBlue is proud of our work to champion a more sustainable aviation industry and fly regularly using SAF today. But with SAF being less than 1% of our total fuel usage, we need significantly more supply to reach our 2040 net zero target,” said Sara Bogdan, director of sustainability and environmental social governance, JetBlue, “With partners like Fidelis and their carbon negative Grön Fuels GigaSystem, we are not only supplying our own growing SAF needs, we’re sending a powerful signal that significant demand for SAF exists. By introducing negative carbon intensity SAF to our network, we are also taking steps towards reaching true carbon neutrality as an airline.”
“Carbon Negative SAF accelerates the goals of aviation industry participants genuinely committed to decarbonization like JetBlue in a pragmatic and timely manner.” said Dan Shapiro, Fidelis Co-Founder and CEO. “We are excited to partner the Grön Fuels GigaSystem with JetBlue for the provision of carbon negative SAF to achieve its environmental goals.”
Bengt Jarlsjo, Fidelis Co-Founder and COO added, “The aviation industry continues to increase its demand for SAF with JetBlue leading the way. The scale of the Grön Fuels GigaSystem will not only help serve this growing need but our commitment to innovative design enables us to do so in the most efficient manner.” By vertically integrating three proven decarbonization components to produce carbon negative SAF, the Fidelis-owned high-capacity carbon sink is expected to permanently sequester roughly 5 million tons of biogenic CO2 per year from the facility.
About JetBlue Airways
JetBlue is New York's Hometown Airline®, and a leading carrier in Boston, Fort Lauderdale-Hollywood, Los Angeles, Orlando, and San Juan. JetBlue carries customers to more than 100 destinations throughout the United States, Latin America, Caribbean, Canada and United Kingdom. For more information and the best fares, visit jetblue.com.
About Fidelis New Energy, LLC
Fidelis New Energy is an energy transition company driving decarbonization through infrastructure development and investments in renewable fuels, low or negative carbon intensity products, and carbon capture and storage.
The Fidelis approach builds upon our proprietary ESG centric RACER™ framework where we collaborate with a diverse set of industry experts to select attractive markets and projects, then work collaboratively and iteratively to improve environmental and financial performance by utilizing proven technologies from leading global providers.
Fidelis New Energy is headquartered in Houston, Texas with offices in Baton Rouge, Louisiana and Copenhagen, Denmark. For more information, visit www.fidelisnewenergy.com and stay updated through our LinkedIn profile.
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JetBlue Corporate Communications
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AUSTIN, Texas--(BUSINESS WIRE)--USA Compression Partners, LP (NYSE: USAC) (“USA Compression”) today announced that its senior management will attend the Wells Fargo Midstream and Utilities Symposium in New York, New York. Senior management expects to participate in a series of meetings with members of the investment community on December 7, and presentation materials used during these meetings will be posted to USA Compression’s website prior to the investor meetings. Please visit the Investor Relations section of the website at usacompression.com under “Presentations.”
About USA Compression Partners, LP
USA Compression Partners, LP is a growth-oriented Delaware limited partnership that is one of the nation’s largest independent providers of natural gas compression services in terms of total compression fleet horsepower. USA Compression partners with a broad customer base composed of producers, processors, gatherers, and transporters of natural gas and crude oil. USA Compression focuses on providing natural gas compression services to infrastructure applications primarily in high-volume gathering systems, processing facilities, and transportation applications. More information is available at usacompression.com.
USA Compression Partners, LP
Mike Pearl, CFO
(832) 823-7306
Julie McEwen, Controller
(512) 369-1389
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DUBLIN--(BUSINESS WIRE)--The "Wave Energy Converter Market by Technology (Oscillating Water Column, Oscillating Body Converter (Point Absorber, Attenuator, Oscillating Wave Surge, Submerged Pressure Differential), Overtopping Device), Location, Application, Region - Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.
The wave energy converter market is expected to grow from an estimated in USD 20 million in 2022 to USD 28 million by 2030, at a CAGR of 4.3%
The primary drivers of the market include rising demand for energy production through renewable sources accompanied by increasing investments in the renewables sector.
The power generation segment, by application, is expected to be the largest and the fastest-growing market from 2022 to 2030
The wave energy converter market, by application, is bifurcated into power generation, desalination and environmental protection. The power generation segment is expected to dominate in terms of market share and CAGR during the forecast period and this dominance can be attributed to the rising demand from various end-use industries due to rapid industrialization.
The offshore segment, by location, is expected to be the fastest-growing market from 2022 to 2030
The wave energy converter market by location is segmented into shoreline, nearshore and offshore. The offshore segment is expected to be the fastest-growing segment, followed by the nearshore segment. The high growth rate can be attributed to the increasing number of installations for the purpose of R&D across various countries.
Competitive landscape
The wave energy converter market is dominated by a few major players that have a wide regional presence. The leading players in the wave energy converter market Ocean Power Technologies (US), Eco Wave Power (Israel), CorPower Ocean (Sweden), Wello Oy (Finland), CalWave (US) and others.
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Laura Wood, Senior Press Manager
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HOUSTON--(BUSINESS WIRE)--NOV Inc. (NYSE: NOV) will hold a conference call to discuss its fourth quarter and full year 2022 results on Tuesday, February 7, 2023, at 10 a.m. (Central Time). NOV will issue a press release with the Company’s results after the market closes for trading on Monday, February 6, 2023. The call will be webcast live on www.nov.com/investors.
About NOV
NOV delivers technology-driven solutions to empower the global energy industry. For more than 150 years, NOV has pioneered innovations that enable its customers to safely produce abundant energy while minimizing environmental impact. The energy industry depends on NOV’s deep expertise and technology to continually improve oilfield operations and assist in efforts to advance the energy transition towards a more sustainable future. NOV powers the industry that powers the world.
Visit www.nov.com for more information.
Blake McCarthy
Vice President, Corporate Development and Investor Relations
(713) 815-3535
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KILGORE, Texas--(BUSINESS WIRE)--Martin Midstream Partners L.P. (NASDAQ: MMLP) (“MMLP” or the “Partnership”) announced today that members of executive management will participate in the 2022 Wells Fargo Midstream and Utilities Symposium taking place Wednesday, December 7 and Thursday, December 8, 2022. A copy of the Partnership’s presentation will be available by visiting the Partnership’s website at www.MMLP.com.
About Martin Midstream Partners
Martin Midstream Partners L.P. is a publicly traded limited partnership with a diverse set of operations focused primarily in the United States Gulf Coast region. The Partnership's primary business lines include: (1) terminalling, processing, storage, and packaging services for petroleum products and by-products; (2) land and marine transportation services for petroleum products and by-products, chemicals, and specialty products; (3) sulfur and sulfur-based products processing, manufacturing, marketing and distribution; and (4) natural gas liquids marketing, distribution, and transportation services.
Additional information concerning Martin Midstream is available on its website at www.MMLP.com.
MMLP-E
Sharon Taylor – Chief Financial Officer
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(877) 256-6644
HOUSTON--(BUSINESS WIRE)--Helix Energy Solutions Group, Inc. (NYSE: HLX) announced today that it will participate in the Capital One Securities 17th Annual Energy Conference in Houston, Texas at the Hotel ZaZa Museum District on Tuesday December 6, 2022.
Any investor presentation provided during the conference will be publicly available and may be accessed on the “For the Investor” page of Helix’s website, www.helixesg.com.
About Helix
Helix Energy Solutions Group, Inc., headquartered in Houston, Texas, is an international offshore energy services company that provides specialty services to the offshore energy industry, with a focus on well intervention and robotics operations. Our services are centered toward and well positioned to facilitate global energy transition by maximizing production of remaining oil and gas reserves, decommissioning end-of-life oil and gas fields, and supporting renewable energy developments. For more information about Helix, please visit our website at www.helixesg.com.
Erik Staffeldt - Executive Vice President and CFO
Ph: 281-618-0465
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SAN ANTONIO--(BUSINESS WIRE)--NuStar Energy L.P. (NYSE: NS) announced today that members of management will participate in meetings with members of the investment community at the 2022 Wells Fargo Midstream and Utility Symposium on Wednesday, December 7, 2022 and Thursday, December 8, 2022. The materials to be discussed in the meetings will be available on the partnership’s website by 9:00 a.m. Eastern Time, Wednesday, December 7, 2022.
NuStar Energy L.P., a publicly traded master limited partnership based in San Antonio, Texas, is one of the largest independent liquids terminal and pipeline operators in the nation. NuStar currently has approximately 10,000 miles of pipeline and 63 terminal and storage facilities that store and distribute crude oil, refined products, renewable fuels, ammonia and specialty liquids. The partnership’s combined system has approximately 49 million barrels of storage capacity, and NuStar has operations in the United States and Mexico. For more information, visit NuStar Energy L.P.’s website at www.nustarenergy.com and its Sustainability page at https://sustainability.nustarenergy.com/.
Investors, Pam Schmidt, Vice President, Investor Relations
Investor Relations: 210-918-INVR (4687)
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THORNTON, Colo.--(BUSINESS WIRE)--Ascent Solar Technologies, Inc. (NASDAQ: ASTI), the leader in design & manufacturing of state-of-the-art, lightweight, flexible thin-film photovoltaic (PV) solutions – has introduced options trading of its stock, via all U.S. options exchanges. Nasdaq approved ASTI options for trading on November 17, 2022 and four options chains are now available to the public: December 2022, January 2023, February 2023 and May 2023.
“This is another step in our comprehensive turnaround that began in early 2022 with the relisting of ASTI on Nasdaq, reforming our board of directors, and installing new executive leadership,” said Ascent Solar CEO Jeffrey Max. “I am excited about the additional opportunities and liquidity that options trading on ASTI will bring to the investment community.”
The American-style ASTI options expire monthly.
About Ascent Solar Technologies, Inc.
With 40 years of R&D, 15 years of manufacturing, numerous awards, and a comprehensive IP and patent portfolio, Ascent Solar is a leading provider of CIGS solar technology and manufacturer of innovative, high performance, flexible thin-film solar panels for both existing and emerging agrivoltaic, space, and aerospace applications. Ascent’s patented, monolithic integration process enables remarkable levels of flexibility, efficiency, durability and weight savings – revolutionizing the way solar power can be used in everyday life. Ascent Solar’s research and development center and 5-MW nameplate production facility are in Thornton, Colorado. To learn more, visit https://www.ascentsolar.com.
Forward-Looking Statements
Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the Company's actual operating results to be materially different from any historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements that explicitly describe these risks and uncertainties, readers are urged to consider statements that contain terms such as "believes," "belief," "expects," "expect," "intends," "intend," "anticipate," "anticipates," "plans," "plan," to be uncertain and forward-looking. No information in this press release should be construed as any indication whatsoever of our future revenues, stock price, or results of operations. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company's filings with the Securities and Exchange Commission.
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The PG&E Corporation Foundation Continues Supporting Restaurants with Pandemic Recovery
OAKLAND, Calif.--(BUSINESS WIRE)--Just in time for the holidays, Northern and Central California restaurants are getting a second boost this year from the California Restaurant Foundation (CRF) and The PG&E Corporation Foundation (Foundation). The Foundation’s latest $400,000 charitable contribution to CRF will fund $3,000 grants to 114 hometown restaurants in 23 counties in Pacific Gas and Electric Company’s (PG&E) service area, as well as operating support for CRF.
The Foundation’s additional contribution to CRF’s Restaurants Care Resilience Fund will help restaurants pay for equipment upgrades to alleviate deferred maintenance, and for employee retention to help with industry-wide staffing shortages, both of which have been on the backburner for the last two years due to increased debt, losses and costs. The recent funding follows a $500,000 contribution earlier this year.
“We were elated by the additional contribution from The PG&E Corporation Foundation, bringing our total grants awarded in 2022 in the PG&E service area to 258 independent restaurants. These grants allow the restaurant owners to thank their longstanding and much appreciated crew with a retention bonus or invest in equipment to help their restaurants run safely and efficiently. What an extraordinary gift to give, especially this time of year. Together, we are spreading a bit of joy and letting restaurants know how much we value their contribution to our neighborhoods,” said Alycia Harshfield, Executive Director, California Restaurant Foundation.
For the past two years, PG&E and The Foundation have supported CRF’s Restaurants Care Resilience Fund. Grants have been made available to California resident restaurant owners with fewer than three units and less than $3 million in revenue, and prioritized minority and women-owned businesses. PG&E and The Foundation’s combined $1.4 million in charitable contributions in 2021 and 2022 have supported 367 local restaurants.
Watch a video of one of the earlier spring grant recipients, Las Mañanitas restaurant in Fresno.
“Our hometown restaurants are the heart and soul of our communities, and they represent how small businesses help our local neighborhoods thrive. As we head into the holiday season, where food and gathering are central to our celebrations, we welcome the opportunity to support the industry that provides meals and neighborhood gathering spots. We are also grateful to our partners at the California Restaurant Foundation for their dedication to helping our local restaurants continue their path to recovery,” said PG&E Executive Vice President, Corporate Affairs and Chief Sustainability Officer Carla Peterman.
Assisting Small and Medium Businesses
PG&E remains committed to providing ways for its small and medium business customers to save energy and money. Here are some ways PG&E is helping its customers:
For more information on PG&E Small and Medium Business customer support visit pge.com/smbsupport.
For more information on the California Restaurant Foundation, Restaurants Care, or the Restaurant Resilience Fund, visit restaurantscare.org.
About PG&E
Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is a combined natural gas and electric utility serving more than 16 million people across 70,000 square miles in Northern and Central California. For more information, visit www.pge.com/ and http://www.pge.com/about/newsroom/.
About The PG&E Corporation Foundation
The PG&E Corporation Foundation is an independent 501(c)(3) nonprofit organization, separate from PG&E and sponsored by PG&E Corporation.
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NEW YORK--(BUSINESS WIRE)--Headquartered in Houston, Texas, USA, OnPoint Industrial Services (“OnPoint”) specialises in industrial safety and maintenance support across the United States. OnPoint helps its customers make time by providing safety and logistics, project planning and coordination, materials management, transportation, and confined space technology, helping to manage complex maintenance projects more safely and efficiently.
Sean Quinn, Managing Director at MML, explains:
“OnPoint has established itself as a leader in this large and growing market, with a highly impressive management team and strong reputation amongst its blue-chip customer base. OnPoint delivers cost savings to plants by reducing the time and man hours required to complete projects. We are excited to continue investing in technology and expanding OnPoint’s capabilities to ensure OnPoint becomes an even more critical relationship for its customers to fully leverage going forward.”
With an established track record of safe and high-quality performance, a large and skilled labour force and recruiting network, and long-term customer relationships, OnPoint has already built a strong market position. Customers hire OnPoint to address their main challenges by facilitating the safe and efficient flow of people, materials, and equipment, supplementing contractors and equipment providers with strategic professional services, and helping reduce the time and amount of labour required to perform the work.
Liz Crow, CEO at OnPoint, notes:
“We were immediately drawn to MML and their deep sector expertise, industry knowledge and relationships. They have a long and impressive history of making successful investments in the industrial services sector and we are excited to work with Sean, Alex, and Laz to accelerate our value-creation plans and achieve our shared ambitions.”
The MML deal team consisted of Sean Quinn (Managing Director), Alex Blum (Vice President) and Lazbart Oseni (Investment Associate).
About MML Capital:
MML is an international mid-market private equity investor focused on investing alongside strong management teams and working in partnership with them to deliver their bold expansion plans. Over the last 30 years, we have successfully invested in 140 businesses from our 4 global offices in New York, London, Paris and Dublin, with €2 billion of assets currently under management.
At MML, we create value from original thinking, designing deals which enable management teams to take the next step on their journey. We focus on a small number of investments where the business case is strong and the chemistry with people is right, and as an independent firm, our Partners take personal responsibility for our part in your success. In our experience, open minds mean better deals, so we take a fresh approach to every single investment, designing them to perfectly fit people, their unique businesses and personal aspirations.
For our investors, our tailored ethos provides access to a unique set of investment opportunities, delivering strong equity returns whilst protecting investor capital.
Vicki Smith, +44 (0)207 024 2200
The Company will update shareholders on the latest developments of its Endurion battery program and discuss its plans to grow in 2023.
ANN ARBOR, Mich.--(BUSINESS WIRE)--The Coretec Group (OTCQB: CRTG), developers of silicon anode active materials in lithium-ion batteries for EV, cleantech, and emerging tech applications, will host a shareholder presentation and call at 10:00 a.m. EST on Wednesday, December 14, 2022, to review the Company’s 2022 accomplishments and discuss its plans for further expansion and operational focus in the upcoming year.
2022 has been a year of rapid development for Coretec’s Endurion battery program, which applies the company’s expertise in silicon nanoparticles to manufacture silicon anodes for faster-charging, improved cycling, and increased energy density lithium-ion batteries. The shareholder presentation and call will provide a recap of the program’s milestones throughout the year, along with updates on its CHS and CSpace technologies, both of which also progressed in 2022.
Chief Executive Officer Matthew Kappers, Chief Operations Officer Matthew Hoffman, and VP of Partnerships and Innovation, Dr. Michelle Tokarz, Ph.D., will discuss the state of each of the Company’s core technologies, the Company’s achievements throughout 2022, and future plans for growth. Additionally, they will answer pre-submitted questions from the investment community and news media.
To submit questions for the shareholder presentation and call, please send an email to This email address is being protected from spambots. You need JavaScript enabled to view it. by 5:00 p.m. EST on Monday, December 12, 2022.
Webcast Details
Audience Link
Where attendees will register and view the event. The webcast console will be available to registered attendees 15 minutes prior to the scheduled event start time.
https://events.q4inc.com/attendee/242293725
Participants (please use if you cannot access the webcast)
United Kingdom (Toll-Free): +44 808 189 6484
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About The Coretec Group
The Coretec Group, Inc. is developing a portfolio of engineered silicon to improve energy-focused verticals, including electric vehicle and consumer batteries, solid-state lighting (LEDs), and semiconductors, as well as 3D volumetric displays and printable electronics. The Coretec Group serves the global technology markets in energy, electronics, semiconductor, solar, health, environment, and security.
For more information, please visit thecoretecgroup.com.
Follow The Coretec Group on:
Twitter – @CoretecGroupInc
LinkedIn – www.linkedin.com/company/24789881
YouTube – www.youtube.com/channel/UC1IA9C6PoPd1G4M7B9QiZPQ/featured
Forward-Looking Statements
The statements in this press release that relate to The Coretec Group’s expectations with regard to the future impact on the Company’s results from operations are forward-looking statements and may involve risks and uncertainties, some of which are beyond our control. Such risks and uncertainties are described in greater detail in our filings with the U.S. Securities and Exchange Commission. Since the information in this press release may contain statements that involve risk and uncertainties and are subject to change at any time, the Company’s actual results may differ materially from expected results. We make no commitment to disclose any subsequent revisions to forward-looking statements. This release does not constitute an offer to sell or a solicitation of offers to buy any securities of any entity.
Corporate Contact:
The Coretec Group, Inc.
Lindsay McCarthy
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+1 (866) 916-0833
Media Contact:
Spencer Herrmann
FischTank PR
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+1 (518) 669-6818
VALLEY FORGE, Pa.--(BUSINESS WIRE)--UGI Corporation (NYSE: UGI) announced today that it no longer expects to sell its French energy marketing business in the first quarter of Fiscal 2023, as extended negotiations with the potential buyer have been discontinued. The delay in exiting this business will not have an impact on our previously announced Fiscal 2023 adjusted diluted EPS guidance of $2.85 - $3.15.
Roger Perreault, President and Chief Executive Officer of UGI said, “While we are disappointed that the transaction will not close as anticipated, we are reaffirming our Fiscal 2023 guidance, which would have been 10 – 12 cents higher without the impact of the non-core European energy marketing business. This is largely due to the ongoing efforts to reduce the exposure which include the price management actions that we have taken for the unhedged volumes, and a portfolio that is over 90% hedged. In addition, we are encouraged by the volume conservation of our customers and the continued reduction in natural gas and power prices in Europe.”
Perreault continued, “We remain fully committed to exiting the energy marketing business in Europe, through a sale and wind-down of operations, and will continue to take appropriate actions that will allow the Company to focus on long-term shareholder value creation. Our underlying base business remains solid, with a strong customer base and attractive growth and investment opportunities. In fact, excluding the non-core European energy marketing business, the midpoint of our Fiscal 2023 guidance would be $3.10. We are confident in our resilient business model which enables delivering on our long-term financial commitments of 6% – 10% EPS growth and 4% dividend growth.”
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, natural gas utilities in 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 Mid-Atlantic region of the United States and California and internationally in France, Belgium, and the Netherlands.
Comprehensive information about UGI Corporation is available on the Internet at https://www.ugicorp.com.
1 Because we are unable to predict certain potentially material items affecting diluted earnings per share on a GAAP basis, principally mark-to-market gains and losses on commodity and certain foreign currency derivative instruments we cannot reconcile the fiscal year 2023 adjusted diluted earnings per share guidance, a non-GAAP measure, to diluted earnings per share guidance, the most directly comparable GAAP measure, in reliance on the “unreasonable efforts” exception set forth in SEC rules. |
Use of Non-GAAP Measures
Management uses "adjusted diluted earnings per share," a non-GAAP financial measure, when evaluating the Company’s overall performance. Management believes that this non-GAAP measure provides meaningful information to investors about the Company’s performance because it eliminates the impact of (1) gains and losses on commodity and certain foreign currency derivative instruments not associated with current-period transactions and (2) other significant discrete items that can affect the comparison of period-over-period results. Non-GAAP financial measures are not in accordance with, or an alternative to, GAAP and should be considered in addition to, and not as a substitute for, the comparable GAAP measures.
Use of Forward Looking Statements
This press release contains statements, estimates and projections that are forward-looking statements (as defined in Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended). Such statements use forward-looking words such as “believe,” “plan,” “anticipate,” “continue,” “estimate,” “expect,” “may,” or other similar words and terms of similar meaning, although not all forward-looking statements contain such words. These statements discuss plans, strategies, events or developments that we expect or anticipate will or may occur in the future. Management believes that these are reasonable as of today’s date only. Actual results may differ significantly because of risks and uncertainties that are difficult to predict and many of which are beyond management’s control; accordingly, there is no assurance that results will be realized. You should read UGI’s Annual Report on Form 10-K and Quarterly Reports on Form 10-Q for a more extensive list of factors that could affect results. We undertake no obligation to update publicly any forward-looking statement whether as a result of new information or future events except as required by the federal securities laws.
Investor Relations
610-337-1000
Tameka Morris, ext. 6297
Arnab Mukherjee, ext. 7498
DUBLIN--(BUSINESS WIRE)--The "Ground Support Equipment Market by Point of Sale (Equipment, Maintenance), Type (Mobile, Fixed), Power Source (Non-Electric, Electric, Hybrid), Platform (Commercial, Military), Autonomy, Ownership and Region- Global Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.
The global ground support equipment market is projected to grow from USD 5.6 billion in 2022 to USD 7 billion by 2027, at a CAGR of 4.5% from 2022 to 2027.
Some of the factors that are expected to fuel the growth of the ground support equipment market are Increasing awareness about environmental concerns will create significant demand for eco-friendly and greener variants of GSE in the aviation sector. For example, Bahrain Airport Services Company recently announced its plans to transition to greener operations with a key focus on acquiring a new product that will be powered by solar energy or electricity to replace diesel and petrol-powered ground vehicle fleets at airports in the next five years.
Several states in the US, as well as Spain, Germany, and the Netherlands, have passed legislation to ban the use of diesel ground support equipment, resulting in the replacement of this equipment with electric ones, thereby fueling the demand for electric ground support equipment.
Based on power source, the non-electric segment is expected to lead the ground support equipment market in 2022
Based on power source, the ground support equipment market has been segmented into non-electric, electric, and hybrid. The non-electric segment is estimated to account for the largest share of 54.6% of the market in 2022. The demand for non-electric ground support equipment is gradually reducing due to changes in carbon emission norms as well as the adoption of the green airport concept globally. However, cost being one of the major barriers to the adoption of electric GSE.
Based on autonomy, the ground support equipment market has been segmented into conventional/manned, remotely operated, and autonomous. The conventional/manned segment is estimated to account for the largest share of 63.5% of the ground support equipment market in 2022. The rise in air traffic, freight transportation, and passenger movement are expected to drive the demand for conventional/manned GSE.
The North American region is estimated to account for the largest share of the ground support equipment market in 2022
The North American region is expected to lead the ground support equipment market in 2022. The market in the region is highly competitive, owing to the presence of a large number of Original Component Manufacturers (OCMs) and Original Equipment Manufacturers (OEMs) such as TUG Technologies and Gate GSE. Ongoing modernization programs of existing airports in the US are also expected to drive the growth of the North America ground support equipment market during the forecast period.
Research Coverage
This research report categorizes the ground support equipment market on the basis of point of sale (equipment and maintenance services), platform (commercial and military), type (mobile and fixed), power source (non-electric, electric, and hybrid), autonomy (conventional/manned, remotely operated, and autonomous), and ownership (airport, airline, GSE service provider/operator, and GSE lessor). These segments have been mapped across major regions, namely, North America, Europe, Asia Pacific, Middle East, Latin America, and Africa.
The scope of the report covers detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the ground support equipment market. A detailed analysis of the key industry players has been done to provide insights into their business overviews; solutions and services; key strategies; contracts, joint ventures, partnerships & agreements, acquisitions, and new product launches associated with the ground support equipment market. Competitive analysis of upcoming startups in the ground support equipment market ecosystem is covered in this report.
Major players operating in the ground support equipment market are John Bean Technologies (JBT) Corporation (US), Jungheinrich AG (Germany), Weihai Guangtai Airport Equipment Co. Ltd. (China), Tronair (US), and TK Elevators (Germany), among others.
Market Dynamics
Companies Profiled
For more information about this report visit https://www.researchandmarkets.com/r/wgm68j
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--TriMas (NASDAQ: TRS) today announced the winners of its 2022 TriMas Kaizen Challenge. The 2022 winners are TriMas Aerospace’s Optimizing Subcontracting Supply project and TriMas Packaging’s Productivity Improvement project.
TriMas launched its annual, enterprise-wide Kaizen Challenge five years ago, as part of its TriMas Business Model. Since its introduction, more than 147 of the Company’s top product, process and service-related projects have been submitted into the competition from 24 different locations in nine countries. Annually, the Company’s most impactful Kaizen projects are assessed and winners are selected based on specific criteria including the positive impacts on the business, key stakeholders and the environment, as well as the demonstrated use of employee engagement and the tools of Kaizen.
“This year’s submissions were of the highest quality level since we began the TriMas Kaizen Challenge,” stated Thomas Amato, TriMas President & CEO. “I thank all of our Kaizen project teams around the world for their efforts. Kaizen has proven to be an effective way for TriMas to utilize employee engagement to drive sustainable improvements in all of our processes and products.”
TriMas Aerospace’s Optimizing Subcontracting Supply project was a cross-functional team effort at RSA Engineered Products, led by Juliana Bermudez, Program Manager. Utilizing the tools of Kaizen, the team focused on creating sustainable processes to standardize commercial variations and streamline subcontracted components. By eliminating waste, standardizing minimum order quantities and improving processes, the team was able to optimize its subcontracting channel.
TriMas Packaging’s Productivity Improvement project, led by Brian Fitzgerald, Director of Operations, was a cross-functional team effort within Rapak. Using the tools of Kaizen, the team conducted a root cause analysis to better understand the challenges in producing components, while meeting increased customer demand and maintaining the highest quality. Once constraints were identified, the Kaizen project team took many positive actions, including improving and standardizing the manufacturing process, enhancing equipment preventative maintenance, providing additional training, and reducing SKUs. As a result, the team increased production rates and productivity, all while reducing inventory stocking levels.
Additional 2022 TriMas Kaizen Challenge finalist projects were submitted by TriMas Packaging’s locations in Haining, China; New Albany, Ohio (USA); and San Miguel de Allende, Mexico.
“Congratulations again to our 2022 winners, top finalists and submitting teams, and I look forward to another year of continuous improvement across our businesses,” concluded Amato.
About TriMas
TriMas manufactures a diverse set of products primarily for the consumer products, aerospace and industrial markets through its TriMas Packaging, TriMas Aerospace and Specialty Products groups. Our approximately 3,500 dedicated employees in 13 countries provide customers with a wide range of innovative and quality product solutions through our market-leading businesses. Our TriMas family of businesses has strong brand names in the markets served, and operates under a common set of values and strategic priorities under the TriMas Business Model. TriMas is publicly traded on the NASDAQ under the ticker symbol “TRS,” and is headquartered in Bloomfield Hills, Michigan. For more information, please visit www.trimascorp.com.
Sherry Lauderback
VP, Investor Relations & Communications
(248) 631-5506
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DUBLIN--(BUSINESS WIRE)--The "Fishing & Marine Ropes Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2022-2027" report has been added to ResearchAndMarkets.com's offering.
The fishing & marine ropes market is estimated to grow at a healthy CAGR of 4.0% during the forecast period to reach a value of US$ 1.1 Billion in 2027.
Ropes play the most vital part while carrying out fishing. Generally, there are two ways in which fishing is carried out i.e., purse seining and trawling. Purse seining is a non-selective fishing method that involves a surrounding net, called seine, which captures everything that comes into its surrounding.
Trawling, on the other hand, is the more common method of fishing. It entails pulling a fishing net, which is attached to a boat, through the water. Fishing nets are attached and handled through ropes from the boats. Furthermore, marine plays a crucial role in a country's economy as it opens opportunities for global trade. Ropes are used in the marine industry for mooring and tug and towing. Mooring is the process of anchoring a ship to a fixed or floating element using ropes.
The sudden outbreak of the Covid-19 pandemic frazzled the world, resulting in massive supply chain disruption, a halt in manufacturing and production activities, lockdowns, and food shortages affecting all aspects of economic activity. The fishing and marine applications were no exception.
Wire ropes used in the fishing and marine applications also witnessed a sharp decline in line with the industry average, falling by about 5% in 2020. However, as expected, the market recovered as the Covid-19 wave began to fade, with a 4.8% increase in 2021. Overall,
Companies Mentioned
The fishing & marine ropes market is segmented into the following categories:
Fishing & Marine Ropes Market, by Application Type
Fishing
Marine
Fishing & Marine Ropes Market, by Raw Material Type
Fishing & Marine Ropes Market, by End-User Type
Fishing & Marine Ropes Market, by Region
For more information about this report visit https://www.researchandmarkets.com/r/ym4zf7
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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GEORGETOWN, Guyana--(BUSINESS WIRE)--Hess Corporation (NYSE: HES) and the Government of Guyana today announced an agreement for Hess to purchase high quality carbon credits for a minimum of $750 million between 2022 and 2032 directly from the Government of Guyana. This agreement will serve to support Guyana’s efforts to protect the country’s vast forests and provide capital to improve the lives of Guyana’s citizens through investments made by the Government as part of Guyana’s Low Carbon Development Strategy (LCDS) 2030. Guyana’s President, Dr. Irfaan Ali was joined today by Vice President, Dr. Bharrat Jagdeo and John Hess, CEO of Hess Corporation for a signing ceremony to commemorate this historic agreement.
The multi-year agreement is for 37.5 million REDD+ jurisdictional carbon credits (current and future issuances). These credits will be on the ART (Architecture for REDD+ Transactions) registry and will be independently verified to represent permanent and additional emissions reductions under ART’s REDD+ Environmental Excellence Standard 2.0 (TREES).
Avoiding global deforestation is foundational to the Paris Agreement’s aim of limiting the global average temperature rise to well below 2°C and was one of the major commitments made at the COP26 climate summit, where more than 130 countries, including Guyana, pledged to end deforestation by 2030. Guyana’s more than 18 million hectares of forests are estimated to store approximately 20 billion tonnes of carbon dioxide equivalent1. Through Guyana’s Low Carbon Development Strategy 2030, the country has a roadmap for preserving its forests, while growing its economy and creating a development pathway that is diverse and includes opportunities for all Guyanese citizens.
The purchase of these carbon credits is an important part of Hess’ commitment to support global efforts to address climate change and for the company to achieve net zero greenhouse gas emissions by 2050. The agreement adds to the company’s ongoing and successful emissions reduction efforts, which are described in Hess’ annual Sustainability Reports.
His Excellency President Irfaan Ali said: “In 2009, Guyana produced the first low carbon development strategy from a developing country. As one of only nine national jurisdictions in the Amazon Basin, we said long ago that national or jurisdiction-scale action on forests, coupled with access to global private finance, could create solutions that benefit the peoples of forest-rich countries while also achieving global climate goals. We have stayed the course, and today’s signing represents a massive step forward in showing the world that developing countries can lead the way to global solutions. I thank the tens of thousands of people across Guyana who participated in the seven-month national consultation that culminated in our latest LCDS policy, LCDS 2030. And of course, I thank John Hess and the Hess Corporation for their continued partnership with and commitment to Guyana. This deal goes a far way in proving that they are a global leader in accelerating ambition to reverse deforestation, and they set an example that I hope will be welcomed by forest countries everywhere as well as all those who care about the world’s forests and nature.”
“This agreement further strengthens our strategic partnership with Guyana and demonstrates our long term commitment to the country,” CEO John Hess said. “Development of Guyana’s oil and gas resources is important to meet the world’s growing demand for affordable and secure energy, which is essential to ensure a just and orderly energy transition. Today’s landmark agreement is the result of President Ali’s and Vice President Jagdeo’s leadership and long term vision for sustainable development. We admire the efforts that Guyana has undertaken for years to protect the country’s forests and the Government’s constant emphasis on practical solutions to climate change and strong focus on providing a global model for stopping deforestation and preserving forests. We are pleased to support the country’s efforts to advance sustainable development and enhance the quality of life for the people of Guyana.”
Guyana’s Low Carbon Development Strategy 2030 (LCDS 2030) outlines how the country’s abundant natural resources can be used to combat global climate change while building the foundation for a sustainable, low carbon economy. More information is available at www.lcds.gov.gy.
Reducing Emissions from Deforestation and Degradation (REDD+) is a global conservation mechanism created by the Conference of the Parties to the United Nations Framework Convention on Climate Change (UNFCCC) in support of the Paris Agreement. Avoiding global deforestation was one of the major commitments made at the COP26 climate summit, where more than 130 countries pledged to end deforestation by 2030. More information is available at https://unfccc.int/topics/land-use/workstreams/redd/what-is-redd.
Architecture for REDD+ Transactions (ART) operates a robust, secure and transparent electronic system to register REDD+ programs and record the issuance, transfer and retirement of serialized verified TREES Credits. ART is an initiative that seeks to incentivize governments to reduce emissions from deforestation and forest degradation, restore forests and protect intact forests. The credits will be issued under ART’s REDD+ Environmental Excellence Standard 2.0 for the quantification, monitoring, reporting and verification of GHG emission reductions and removals from REDD+ activities at a jurisdictional and national scale, which is known as TREES. More information is available at www.artredd.org.
Hess Corporation (NYSE: HES) is a leading global independent energy company engaged in the exploration and production of crude oil and natural gas. The company is recognized as an industry leader in environmental, social and governance performance and disclosure. Hess Guyana Exploration Ltd. holds a 30% interest in the Stabroek Block, one of the world’s largest oil and gas discoveries in the past decade. More information on Hess Corporation is available at www.hess.com.
Cautionary Statements
This news release contains “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. Forward-looking statements are based on Hess’ current understanding, assessments, estimates and projections of relevant factors and reasonable assumptions about the future. Forward-looking statements are subject to certain known and unknown risks and uncertainties that could cause actual results to differ materially from Hess’ historical experience and current projections or expectations of future results expressed or implied by these forward-looking statements. These risks are described in Hess Corporation’s Annual Report on Form 10-K and in Hess’ other filings with the Securities and Exchange Commission. Given these risks and uncertainties, caution should be taken not to place undue reliance on any such forward-looking statements. Except as required by law, we undertake no obligation to publicly update or revise any forward-looking statements, whether because of new information, future events or otherwise.
1 Guyana’s Low Carbon Development Strategy 2030
Investor Contact:
Hess Corporation
Jay Wilson
(212) 536-8940
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Media Contacts:
Office of the President
Cooperative Republic of Guyana
(+592) 225 1330
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Hess Corporation
Lorrie Hecker
(212) 536-8250
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ROSH HAAYIN, Israel--(BUSINESS WIRE)--$BNRG--Brenmiller Energy Ltd. (“Brenmiller”, “Brenmiller Energy” or the “Company”) (TASE: BNRG, Nasdaq: BNRG), a clean-energy company that provides Thermal Energy Storage (“TES”) systems to the global industrial and utility markets, announced today that it will host a webinar on Tuesday, December 6, 2022 at 9:00 a.m. Eastern Standard Time / 4:00 p.m. Israel Standard Time. During the webinar, Nir Brenmiller, Chief Operating Officer, and Ofir Zimmerman, CPA, Chief Financial Officer will review the Company’s current activity and provide an operational update, followed by a question-and-answer session.
To register for the presentation, please follow this Zoom link: https://us02web.zoom.us/webinar/register/WN_Af5uYB8-RP65Ai8qvKY3xw
Participants are invited to submit questions via the registration page or during the webinar via the Q&A function.
About Brenmiller Energy
Brenmiller Energy delivers scalable thermal energy storage solutions and services that allow customers to cost-effectively decarbonize their operations. Its patented bGen thermal storage technology enables the use of renewable energy resources, as well as waste heat, to heat crushed rocks to very high temperatures. They can then store this heat for minutes, hours, or even days before using it for industrial and power generation processes. With bGen, organizations have a way to use electricity, biomass and waste heat to generate the steam, hot water and hot air they need for a variety of applications, including, for example, to mold plastic, process food and beverages, produce paper, manufacture chemicals and pharmaceuticals or drive steam turbines without burning fossil fuels.
For more information visit the company’s website at https://bren-energy.com/ and follow the company on Twitter and LinkedIn.
Cautionary Note Regarding Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. Statements that are not statements of historical fact may be deemed to be forward-looking statements. For example, the Company is using forward-looking statements in this press release when it discusses the scheduling of a webinar and question and answer session to discuss the Company’s current activity, updates to its project pipeline, and the Company’s goals for the next twelve months. Without limiting the generality of the foregoing, words such as "plan," "project," "potential," "seek," "may," "will," "expect," "believe," "anticipate," "intend," "could," "estimate" or "continue" are intended to identify forward-looking statements. Readers are cautioned that certain important factors may affect the Company's actual results and could cause such results to differ materially from any forward-looking statements that may be made in this press release. Factors that may affect the Company's results include, but are not limited to, the Company’s planned level of revenues and capital expenditures, the demand for and market acceptance of our products, impact of competitive products and prices, product development, commercialization or technological difficulties, the success or failure of negotiations and trade, legal, social and economic risks and the risks associated with the adequacy of existing cash resources. The forward-looking statements contained or implied in this press release are subject to other risks and uncertainties, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company's prospectus dated May 24, 2022 filed with the U.S. Securities and Exchange Commission ("SEC"), which is available on the SEC's website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
U.S. Investor Contact:
Chase Jacobson, Vallum Advisors
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+1 980-265-2597
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