TORONTO--(BUSINESS WIRE)--$PWWR #FuellCellPower--The Neo Exchange Inc. (“NEO Exchange” or “NEO”) is excited to announce that Belgium-based Alkaline Fuel Cell Power Corp. (“Fuel Cell Power”), has made its public markets debut today on the NEO Exchange. Fuel Cell Power is now available for trading on NEO under the symbol PWWR.
The latest in a wave of technology listings to launch on NEO, Fuel Cell Power is focused on the design, development, production, and commercialization of micro combined heat and power systems based on alkaline fuel cell technology for residential, industrial, and commercial markets worldwide.
“Our listing on NEO is a critical milestone for Fuel Cell Power as it will help support our growth, raise our profile to new prospective investors, and fuel our drive to commercialization,” commented Jef Spaepen, CEO of Fuel Cell Power. “Our technology offers a clean energy source that generates zero CO2 emissions and produces pure water as the only by-product, providing electricity and an equivalent amount of heat for various purposes, including residential and small to medium-sized power markets.”
Spaepen continued: “Fuel Cell Power’s solution is ideal for spaces that require small-scale power and heat - like individual households, apartment buildings, and office spaces – as well as applications that do not utilize the heat being produced – like electric vehicle charging stations, IT equipment, back-up power for cell towers and hospitals, temporary power for construction sites, and so much more. As a disruptive, tech-centric stock exchange, NEO will provide us with greater access to capital and wider visibility within the investment community so we can capitalize on the rapidly expanding clean energy industry and bolster our position in the market.”
“Fuel Cell Power is paving the way as a leader in energy efficient technology, and we are proud to welcome them to the NEO family – another future-forward listing affirming that NEO is the place to be for companies in the innovation economy,” remarked Jos Schmitt, President and CEO of NEO. “We look forward to providing Fuel Cell Power with all of the benefits of a Tier 1 exchange, in addition to NEO’s next-level client service and support, as their listing partner of choice.”
Investors can trade shares of NEO:PWWR through their usual investment channels, including discount brokerage platforms and full-service dealers. NEO is home to over 150 corporate and ETF listings, and consistently facilitates close to 15 percent of all Canadian trading volume. Click here for a complete view of all NEO-listed securities.
About the NEO Exchange
The NEO Exchange is Canada’s Tier 1 stock exchange for the innovation economy, bringing together investors and capital raisers within a fair, liquid, efficient, and service-oriented environment. Fully operational since June 2015, NEO puts investors first and provides access to trading across all Canadian-listed securities on a level playing field. NEO lists companies and investment products seeking an internationally recognized stock exchange that enables investor trust, quality liquidity, and broad awareness including unfettered access to market data.
Connect with NEO: Website | LinkedIn | Twitter | Instagram | Facebook
About Alkaline Fuel Cell Power Corp.
Fuel Cell Power is focused on the development, production, and ultimate commercialization of micro-combined heat and power (“micro-CHP”) systems based on alkaline fuel cell technology. A fuel cell is a clean electrical power conversion/generation system, akin to small power stations that provide electricity and an equivalent amount of heat for various purposes. Based on hydrogen powered alkaline fuel cell technology, Fuel Cell Power’s technology offers an energy source that generates zero CO2 emissions with pure water as the only by-product, making it ideally suited for residential and small- to medium-sized power markets. The company believes it is well-positioned to become a positive contributor to the global demand for clean energy, particularly in Europe where demand outpaces supply, and current technology remains inadequate to meet market needs.
Connect with Fuel Cell Power: Website | LinkedIn | Twitter | Instagram | Facebook
NEO Media Contact:
Aimee Morita
This email address is being protected from spambots. You need JavaScript enabled to view it.
New York’s Largest Battery Project to Improve Grid Reliability and Aid Transition to Renewables
NEW YORK--(BUSINESS WIRE)--174 Power Global today announced that the New York State Public Service Commission (PSC) approved a Certificate of Public Convenience and Necessity for its 100-megawatt (MW) energy storage project in Astoria, Queens, under development by its indirect wholly-owned subsidiary, East River ESS, LLC. The East River Energy Storage Project was selected, and subsequently contracted, by Con Edison for an energy supply agreement after the PSC directed the utility to procure and deploy 300 MW of qualified energy storage systems in New York City by 2023. Con Edison’s initiatives to procure more energy storage projects complement New York State’s public policy goals to generate 100% electricity from zero-carbon resources by 2040 and reduce greenhouse gas emissions from 85% below 1990 levels by 2050.
174 Power Global plans to re-purpose and construct the East River Energy Storage Project on leased property owned by the New York Power Authority on the site once occupied by the former Charles Poletti power plant. Earlier this year, the East River Energy Storage Project was issued a negative declaration under the New York State Environmental Quality Review Act and is slated to begin operations in 2023. It is the largest battery energy storage project in late stages of development in New York State under contract with a utility.
The East River Battery Energy Storage Project is expected to be able to store or release electricity on demand, thus helping to support the integration of new sources of renewable energy like offshore wind, hydro, and solar generation to replace energy produced by a fleet of fossil fuel plants. Generating power from energy discharged by the battery system can aid in improving air quality and can lead to greenhouse gas reductions by offsetting carbon intensive peak generation since the batteries charge during times of low demand and can generate energy during peak periods. The benefits of adding more energy storage to New York City means a more energy resilient future while improving grid reliability using generating assets located in the region.
"Energy storage technology has emerged as an essential component of the energy landscape and the proliferation of energy storage projects in New York is critical to meeting the state’s ambitious climate change goals,” said 174 Power Global President and CEO, Henry Yun, PhD. “We are pleased to receive approval from the PSC and are one step closer to bringing clean power, as well as other regional electricity and economic benefits, to the Astoria community and state.”
“Battery storage is essential to our quest to create a clean energy future and prevail against climate change,” said Leonard Singh, senior vice president, Customer Energy Solutions, for Con Edison. “Bulk storage will let us bring large amounts of renewable energy to our customers without compromising our industry-leading reliability, even as fossil fuel generators in New York City are shuttered into retirement.”
“The PSC’s approval of this adaptive reuse project on NYPA’s site in Astoria is a big win for New York State and specifically the Queens community and demonstrates an important step towards achieving our ambitious clean energy goals,” said Gil C. Quinones, NYPA president and CEO. “Large-scale battery storage provides the opportunity for greater flexibility and resiliency of the electric grid and will support the growth of renewable energy for decades to come.”
The Project is expected to achieve commercial operation on January 1, 2023, further advancing 174 Power Global’s position in the Northeast. In 2019, 174 Power Global acquired a New York based solar and storage company, now 174 Power Global NE, creating over 25 megawatts of renewable energy for commercial and industrial clients that improves the environment by working with local businesses to meet sustainability goals and manage their long-term energy costs.
About 174 Power Global
174 Power Global is a leading solar and energy storage company that is wholly owned by the Hanwha Group, with offices in NYC and in California. With deep expertise across the full spectrum of the project development cycle, 174 Power Global works closely with utilities, landowners, local communities, financial investors, and other partners to build highly productive, utility scale and C&I solar power plants throughout North America. Since its formation in 2017, 174 Power Global has signed nearly 2 gigawatts (GW) of power purchase agreements and has more than 6 GW of additional projects in the development pipeline. 174 Power Global’s name was inspired by the 174 petawatts (PW) of power the earth receives from the sun at any moment. For more information, visit: www.174powerglobal.com/
About Con Edison
Con Edison is a subsidiary of Consolidated Edison, Inc. [NYSE: ED], one of the nation’s largest investor-owned energy companies, with approximately $13 billion in annual revenues and $59 billion in assets. The utility delivers electricity, natural gas and steam to 3.4 million customers in New York City and Westchester County, N.Y. For financial, operations and customer service information, visit www.conEd.com.
For media inquiries:
Kelly Kimberly
713.822.7538
This email address is being protected from spambots. You need JavaScript enabled to view it.
Brian Armentrout
281.968.5635
This email address is being protected from spambots. You need JavaScript enabled to view it.
Highly Accretive Transaction Creates Second Largest U.S.-listed Tanker Company by Vessel Count and Third Largest by Dwt
NEW YORK--(BUSINESS WIRE)--International Seaways, Inc. (NYSE: INSW) (the “Company” or “INSW”), one of the largest tanker companies worldwide providing energy transportation services for crude oil and petroleum products, announced today the completion of its previously announced merger with Diamond S Shipping Inc. (NYSE: DSSI) (“Diamond S”). The combined company will continue to operate as International Seaways and trade on the New York Stock Exchange under the symbol INSW. The Company expects to achieve cost synergies in excess of $23 million and revenue synergies of $9 million, which are expected to be fully realizable within 2022.
Following the completion of the merger, International Seaways is now the second largest U.S.-listed tanker company by vessel count with over 100 vessels and the third largest by deadweight (“dwt”), aggregating approximately 11.3 million dwt. The merger enhances INSW’s capabilities in both the crude and product markets and creates “power alleys” for INSW in the large crude—VLCC and Suezmax—and LR1/Panamax and MR markets.
In accordance with the terms of the Merger Agreement, which was approved by INSW and Diamond S Shareholders at their respective special meetings held on July 13, 2021, pre-merger INSW shareholders own approximately 55.75% of the equity of the combined company and former DSSI stockholders own approximately 44.25%. On July 15, 2021, pre-merger INSW shareholders of record as of July 14, 2021, received a special dividend of $1.12 per share.
“We are pleased to complete this transformational and highly accretive transaction, solidifying our position as a diversified tanker sector bellwether,” said Lois Zabrocky, INSW’s President and CEO. “With enhanced scale, financial strength and commercial expertise, we have markedly strengthened our position to capitalize on favorable long-term industry fundamentals in both the crude and product markets. As we integrate the combined company, our focus will remain on further executing our balanced and accretive capital allocation strategy, while upholding our best-in-class ESG track record and continuing to deliver safe and efficient transportation of energy cargoes for our world-class customers. We welcome the newest members of our team and look forward to working together to create lasting value for all stakeholders.”
About International Seaways, Inc.
International Seaways, Inc. (NYSE: INSW) is one of the largest tanker companies worldwide providing energy transportation services for crude oil and petroleum products in International Flag markets. International Seaways owns and operates a fleet of 102 vessels, including 13 VLCCs (including 3 newbuildings), 15 Suezmaxes, five Aframaxes/LR2s, 13 Panamaxes/LR1s, 48 MR tankers and six Handy tankers. Through joint ventures, it has ownership interests in two floating storage and offloading service vessels. International Seaways has an experienced team committed to the very best operating practices and the highest levels of customer service and operational efficiency. International Seaways is headquartered in New York City, NY. Additional information is available at https://www.intlseas.com.
Forward-Looking Statements
This release contains forward-looking statements. In addition, the Company may make or approve certain statements in future filings with the U.S. Securities and Exchange Commission (SEC), in press releases, or in oral or written presentations by representatives of the Company. All statements other than statements of historical facts should be considered forward-looking statements. These matters or statements may relate to the Company’s merger with Diamond S and plans to issue dividends, its prospects, including statements regarding vessel acquisitions, expected synergies, trends in the tanker markets, and possibilities of strategic alliances and investments. Forward-looking statements are based on the Company’s current plans, estimates and projections, and are subject to change based on a number of factors. Investors should carefully consider the risk factors outlined in more detail in the Annual Report on Form 10-K for 2020 for the Company, the Quarterly Report on Form 10-Q for the quarter ended March 31, 2021, the Company’s amendment to its Registration Statement on Form S-4 dated June 3, 2021, and in similar sections of other filings made by the Company with the SEC from time to time. The Company assumes no obligation to update or revise any forward-looking statements. Forward-looking statements and written and oral forward-looking statements attributable to the Company or its representatives after the date of this release are qualified in their entirety by the cautionary statements contained in this paragraph and in other reports previously or hereafter filed by the Company with the SEC.
Investor Relations & Media:
David Siever, International Seaways, Inc.
(212) 578-1635
This email address is being protected from spambots. You need JavaScript enabled to view it.
GUANGZHOU, China--(BUSINESS WIRE)--$XPEV #EV--XPeng Inc. (“XPeng” or the “Company”, NYSE: XPEV, HKEX: 9868.HK), a leading Chinese smart electric vehicle company, announced today that the XPeng P7 electric sports sedan became the first to receive the 5-star rating from the i-VISTA (Intelligent Vehicle Integrated Systems Test Area) intelligent vehicle testing platform in China. The P7 was among the first batch of vehicles tested by i-VISTA under its Intelligent Vehicle Index evaluation system, based on its new 2020 guidelines.
The P7 achieved four “Excellent” ratings from i-VISTA in smart driving, smart safety, smart interaction, and smart energy efficiency.
The car also obtained “Excellent” ratings in lane change assist, AEB emergency braking, LDW lane departure warning, as well as in smoothness and richness of touchscreen and voice interaction.
Operating under the guidance of the China Automotive Research Institute, the China Society of Automotive Engineering and the China Association of Automobile Manufacturers, the i-VISTA China Intelligent Vehicle Index draws on both domestic and foreign testing and evaluation methodology for smart and connected vehicles, integrating these with driving data, driver behavior and Chinese market characteristics, including traffic accident data and other research findings.
The P7’s autonomous driving assistance system is equipped with 31 autonomous driving sensors powered by the Xavier System-on-Chip supercomputing platform, 5 high-precision millimeter wave radars, 12 ultrasonic sensors, 4 autonomous driving surround-view cameras, 10 autonomous driving high-sensitivity cameras and sub-systems, supporting its meter-level high-precision positioning system. Its comprehensive perception-fusion capability provides the P7 with omnidirectional perception for road conditions, traffic hazards, and other vehicles, pedestrians and objects, covering far, middle and close distance.
The centerpiece of its interactive touchscreen system, the P7’s central control panel, is powered by an auto-grade 820A Qualcomm chip, delivering high performance, data security and stability with low energy consumption. The P7 is also the world's first production vehicle with a full-scenario voice assistant.
As of March 31, 2021, XPeng's adaptive cruise control function has been utilized for a cumulative total of 61.4 million kilometers, with its lane centering control function utilized for 30.2 million kilometers. In March 2021, the average monthly utilization rate of adaptive cruise control and the lane centering control was 62% and 43%, respectively.
P7s in China received XPeng’s Valet Parking Assist (beta) version via the latest firmware OTA upgrade in June this year, following the successful launch of the Navigation Guided Pilot (NGP) highway solution in January 2021.
Photo & video library:
https://drive.google.com/drive/u/0/folders/1J1y5iwgvO-MSldQYawKjTwh0QjMQJokQ
About XPeng Inc.
XPeng is a leading Chinese smart electric vehicle company that designs, develops, manufactures, and markets Smart EVs that appeal to the large and growing base of technology-savvy middle-class consumers in China. Its mission is to drive Smart EV transformation with technology and data, shaping the mobility experience of the future. In order to optimize its customers’ mobility experience, XPeng develops in-house its full-stack autonomous driving technology and in-car intelligent operating system, as well as core vehicle systems including powertrain and the electrification/electronic architecture. XPeng is headquartered in Guangzhou, China, with offices in Beijing, Shanghai, Silicon Valley and San Diego. The Company’s Smart EVs are manufactured at its plant in Zhaoqing, located in Guangdong province. For more information, please visit https://en.xiaopeng.com.
Follow us on:
For Media Enquiries:
Marie Cheung
XPeng Inc.
Tel: +852 9750 5170 / +86 1550 7577 546
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
DUBLIN--(BUSINESS WIRE)--The "Catalyst Market: Global Industry Analysis, Trends, Market Size, and Forecasts up to 2026" report has been added to ResearchAndMarkets.com's offering.
The report on the global catalyst market provides qualitative and quantitative analysis for the period from 2018 to 2026. The report predicts the global catalyst market to grow with a CAGR of 4.0% over the forecast period from 2020-2026. The study on catalyst market covers the analysis of the leading geographies such as North America, Europe, Asia-Pacific, and RoW for the period of 2018 to 2026.
The report on catalyst market is a comprehensive study and presentation of drivers, restraints, opportunities, demand factors, market size, forecasts, and trends in the global catalyst market over the period of 2018 to 2026. Moreover, the report is a collective presentation of primary and secondary research findings.
Porter's five forces model in the report provides insights into the competitive rivalry, supplier and buyer positions in the market and opportunities for the new entrants in the global catalyst market over the period of 2018 to 2026. Further, the Publisher's Growth Matrix gave in the report brings an insight into the investment areas that existing or new market players can consider.
Segment Covered
The global catalyst market is segmented on the basis of type, material, and application.
The Global Catalyst Market by Material
The Global Catalyst Market by Application
What does this Report Deliver?
1. Comprehensive analysis of the global as well as regional markets of the catalyst market.
2. Complete coverage of all the segments in the catalyst market to analyze the trends, developments in the global market and forecast of market size up to 2026.
3. Comprehensive analysis of the companies operating in the global catalyst market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and latest developments of the company.
4. The Publisher's Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.
Market Dynamics
Drivers
Restraints
Opportunities
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/vyw60z
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
Approximately 37% of Unaffiliated Shareholders Who Voted Opposed Four Targeted Company Director Nominees – Sending a Clear Message that Change is Needed at GeoPark
WICHITA, Kan.--(BUSINESS WIRE)--Gerald O’Shaughnessy, the co-founder, former Chairman and second largest shareholder of GeoPark Limited (“GeoPark” or the “Company”) (NYSE: GPRK) today issued the following statement regarding the preliminary voting results from the 2021 GeoPark Annual General Meeting (“the Meeting”) held today:
“With today’s vote, we believe that shareholders have sent a clear message that the status quo should not continue at GeoPark. Based on information available to us, approximately 37 percent of unaffiliated shareholders (shareholders who are not officers or directors of GeoPark) who voted opposed the election of the four Company director nominees we had targeted. I plan to continue to act as an advocate for shareholders so that value is maximized for all shareholders and GeoPark can reach its full potential.”
Investors:
D.F. King & Co., Inc.
Edward McCarthy / Richard Grubaugh
(212) 269-5550
This email address is being protected from spambots. You need JavaScript enabled to view it.
Media:
Sloane & Company
Dan Zacchei / Joe Germani
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.
$310 million acquisition includes two small-scale, domestic LNG production and fueling facilities, a 50% interest in a landfill RNG facility, and three additional RNG facilities with signed commercial arrangements
HOUSTON--(BUSINESS WIRE)--Kinder Morgan, Inc. (NYSE: KMI) today announced it has agreed to acquire Indianapolis-based Kinetrex Energy from an affiliate of Parallel49 Equity. Kinetrex is the leading supplier of liquefied natural gas (LNG) in the Midwest and a rapidly growing player in producing and supplying renewable natural gas (RNG) under long-term contracts to transportation service providers.
Kinetrex has a 50% interest in the largest RNG facility in Indiana as well as signed commercial agreements to begin construction on three additional landfill-based RNG facilities. Once operational next year, total annual RNG production from the four sites is estimated to be over four billion cubic feet. RNG is derived from abundant renewable sources, including organic waste in landfills, wastewater treatment plants and agricultural operations. By capturing methane produced from the decomposition of organic waste, the RNG production process reduces or eliminates greenhouse gas emissions. Kinetrex’s unique full-service platform provides outstanding value for its customers and host landfills. The transaction requires regulatory approval under Hart-Scott-Rodino and is expected to close in the third quarter of 2021.
“This is a great day in the young history of Kinder Morgan Energy Transition Ventures (ETV),” said ETV President Jesse Arenivas. “We have been focused on RNG due to its potential to grow rapidly in the near term and deliver attractive returns, with landfills providing a low cost, predictable and long-term feedstock. The team at Kinetrex has developed an outstanding business model and platform for future growth in a fragmented market, and we are excited to welcome them to Kinder Morgan.”
“As we looked for the best partner to help grow our presence in renewable natural gas, Kinder Morgan’s Energy Transition Ventures emerged as the clear choice,” said Kinetrex President and Chief Executive Officer Aaron Johnson. “KMI’s project management expertise, extensive pipeline network and broad customer relationships will undoubtedly help us realize the vision we had in founding Kinetrex eight years ago: to provide holistic solutions for customers seeking to meet emission reduction targets.”
Key members of Kinetrex’s management team will be joining KMI as part of the acquisition to pursue new projects that expand their successful RNG platform. After close, Johnson will continue with KMI as president of Renewable Natural Gas and will report to Arenivas. Since its inception in 2013, Kinetrex has been committed to developing solutions that lower the cost of business while maintaining a focus on environmental stewardship. This acquisition will stay true to that focus.
KMI expects the investment to be accretive to its shareholders as the three RNG facilities become operational over the next 18 months, with the purchase price and additional development capital expenditures representing less than six times expected 2023 EBITDA.
J.P. Morgan Securities LLC acted as exclusive financial advisor to Kinetrex Energy in connection with the transaction.
About Kinder Morgan, Inc.
Kinder Morgan, Inc. (NYSE: KMI) is one of the largest energy infrastructure companies in North America. Access to reliable, affordable energy is a critical component for improving lives around the world. We are committed to providing energy transportation and storage services in a safe, efficient and environmentally responsible manner for the benefit of people, communities and businesses we serve. We own an interest in or operate approximately 83,000 miles of pipelines, 144 terminals and 700 billion cubic feet of working natural gas storage capacity. Our pipelines transport natural gas, refined petroleum products, crude oil, condensate, CO2 and other products, and our terminals store and handle various commodities including gasoline, diesel, jet fuel, chemicals, ethanol, metals and petroleum coke. For more information, please visit www.kindermorgan.com.
About Kinetrex Energy
Kinetrex Energy is a turn-key provider of environmentally friendly renewable natural gas (RNG) and liquid natural gas (LNG) solutions to customers in the transportation, industrial, agricultural, utility and power industries. For more information, please visit http://www.kinetrexenergy.com/.
About Parallel49 Equity
Based in Lake Forest, Illinois, Parallel49 Equity invests in profitable, well-managed lower middle-market companies in North America. Parallel49 Equity investment efforts are focused on the industry sectors of specialty manufacturing and business services. For more information, please visit www.p49equity.com.
Important Information Relating to Forward-Looking Statements
This news release includes forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 and Section 21E of the Securities and Exchange Act of 1934. Generally the words “expects,” “believes,” anticipates,” “plans,” “will,” “shall,” “estimates,” and similar expressions identify forward-looking statements, which are not historical in nature. Forward-looking statements in this news release include express or implied statements concerning the proposed transaction, including the parties’ ability to satisfy customary conditions to closing (such as with respect to required regulatory approvals); the prospects for RNG; and the anticipated timing and benefits of the transaction and Kinetrex’s planned development projects to KMI’s business and stockholders. Forward-looking statements are subject to risks and uncertainties and are based on the beliefs and assumptions of management, based on information currently available to them. Although KMI believes that these forward-looking statements are based on reasonable assumptions, it can give no assurance as to when or if any such forward-looking statements will materialize or their ultimate impact on KMI’s operations or financial condition. Important factors that could cause actual results to differ materially from those expressed in or implied by these forward-looking statements include changes in the supply of and demand for renewable natural gas; the timing, cost, and success of expansion projects; commodity prices, particularly the prices for Renewable Identification Numbers under the U.S. Environmental Protection Agency’s Renewable Fuel Standard Program; counterparty financial risk; the timing and success of business development efforts; and the other risks and uncertainties described in KMI’s reports filed with the Securities and Exchange Commission (SEC), including its Annual Report on Form 10-K for the year-ended December 31, 2020 (under the headings “Risk Factors” and “Information Regarding Forward-Looking Statements” and elsewhere) and its subsequent reports, which are available through the SEC’s EDGAR system at www.sec.gov and on KMI’s website at ir.kindermorgan.com. Forward-looking statements speak only as of the date they were made, and except to the extent required by law, KMI undertakes no obligation to update any forward-looking statement because of new information, future events or other factors. Because of these risks and uncertainties, readers should not place undue reliance on these forward-looking statements.
Melissa Ruiz, Kinder Morgan Media Relations
This email address is being protected from spambots. You need JavaScript enabled to view it.
Kinder Morgan Investor Relations
(800) 348-7320
This email address is being protected from spambots. You need JavaScript enabled to view it.
Sarah Holsapple
Kinetrex Energy
(317) 363-6800
This email address is being protected from spambots. You need JavaScript enabled to view it.
SAN ANTONIO--(BUSINESS WIRE)--The Board of Directors of Valero Energy Corporation (NYSE: VLO, “Valero”) has declared a regular quarterly cash dividend on common stock of $0.98 per share. The dividend is payable on September 2, 2021, to holders of record at the close of business on August 5, 2021.
About Valero
Valero Energy Corporation, through its subsidiaries (collectively, “Valero”), is an international manufacturer and marketer of transportation fuels and petrochemical products. Valero is a Fortune 500 company based in San Antonio, Texas, and it operates 15 petroleum refineries with a combined throughput capacity of approximately 3.2 million barrels per day and 13 ethanol plants with a combined production capacity of approximately 1.7 billion gallons per year. The petroleum refineries are located in the United States (U.S.), Canada and the United Kingdom (U.K.), and the ethanol plants are located in the Mid-Continent region of the U.S. Valero is also a joint venture partner in Diamond Green Diesel, which owns and operates a renewable diesel plant in Norco, Louisiana. Diamond Green Diesel is North America’s largest biomass-based diesel plant. Valero sells its products in the wholesale rack or bulk markets in the U.S., Canada, the U.K., Ireland and Latin America. Approximately 7,000 outlets carry Valero’s brand names. Please visit www.investorvalero.com for more information.
Investors:
Homer Bhullar, Vice President – Investor Relations & Finance, 210-345-1982
Eric Herbort, Senior Manager – Investor Relations, 210-345-3331
Gautam Srivastava, Senior Manager – Investor Relations, 210-345-3992
Media:
Lillian Riojas, Executive Director – Media Relations and Communications, 210-345-5002
Integrating SolarAPP+ with Tyler’s EnerGov™ solution will reduce inspection and approval times for solar panel permits
PLANO, Texas--(BUSINESS WIRE)--$TYL #EnerGov--Tyler Technologies, Inc. (NYSE: TYL) announced today it has entered into an agreement with the U.S. Department of Energy’s (DOE’s) National Renewable Energy Laboratory (NREL) to integrate Tyler’s EnerGov™ Community Development software with the newly developed SolarAPP+. SolarAPP+, developed by NREL, is designed to streamline the review and inspection process for the installation of rooftop solar panels. Integrating this app into EnerGov will help accelerate and support the availability and expansion of renewable energy across the United States. It will also provide a seamless customer experience that will significantly reduce inspection and approval times for those obtaining permits to install solar panels on their homes.
“SolarAPP+ has been proven to save time for permitting departments without negatively impacting inspections in communities across Arizona and California,” said Dr. Jeffrey Cook, SolarAPP+ project lead, NREL. “The SolarAPP+ team is excited to work with EnerGov to bring the benefits of SolarAPP+ to every EnerGov customer nationwide, beginning with San Ramon, California.”
SolarAPP+ is a free online platform that automates the permitting process for residential rooftop solar. SolarAPP+ standardizes requirements and checks for safety and compliance on the spot to instantly catch code issues, typos, and errors, reducing the permitting process by at least five to as many as 20 business days. The result for the consumer is less waiting and a faster, more cost-effective option to go solar. If every system installed is delayed unnecessarily by just one day, the cost to the market will be approximately $4.7 million per day in lost revenue from electricity sales.
“Tyler is committed to working with NREL to integrate our solution to help streamline and minimize red tape for rooftop solar panel permitting,” said Greg Savard, general manager of Tyler’s Civic Services business unit. “Integrating SolarAPP+ with EnerGov will allow for customers to easily obtain the necessary permits to install solar on their homes in one place and will significantly reduce inspection and approval times for solar panel permitting.”
The National League of Cities and DOE will hold a free webinar on July 28, 2021, at 2:00 p.m. Eastern Time for EnerGov customers to learn more about adopting SolarAPP+. NREL will provide an overview of the tool, its success in reducing permitting workload, and will discuss how SolarAPP+ can be easily deployed using existing permitting software.
About Tyler Technologies, Inc.
Tyler Technologies (NYSE: TYL) provides integrated software and technology services to the public sector. Tyler's end-to-end solutions empower local, state, and federal government entities to operate more efficiently and connect more transparently with their constituents and with each other. By connecting data and processes across disparate systems, Tyler's solutions are transforming how clients gain actionable insights that solve problems in their communities. Tyler has more than 27,000 successful installations across more than 11,000 sites, with clients in all 50 states, Canada, the Caribbean, Australia, and other international locations. Tyler has been named to Government Technology's GovTech 100 list five times and has been recognized three times on Forbes' "Most Innovative Growth Companies" list. More information about Tyler Technologies, an S&P 500 company headquartered in Plano, Texas, can be found at tylertech.com.
Kristin Welsh
Allyn Media, on behalf of Tyler Technologies
214.871.7723
This email address is being protected from spambots. You need JavaScript enabled to view it.
LIBERTY LAKE, Wash.--(BUSINESS WIRE)--Itron, Inc. (NASDAQ: ITRI), which is innovating the way utilities and cities manage energy and water, announced today that it will release financial results for the quarter ended June 30, 2021 before the opening of market on Thursday, Aug. 5, 2021. The company’s press release and financial statements will be available on the company’s website at https://investors.itron.com on Aug. 5, 2021 at 8:30 a.m. EDT followed by the management conference call at 10 a.m. EDT to discuss the results.
Interested parties may listen to the conference call on a live webcast. The webcast, along with a supplemental presentation, may be accessed from the company’s website at https://investors.itron.com/events.cfm. Participants should access the webcast 10 minutes prior to the start of the call to install and test any necessary audio software. Participants can also pre-register for the webcast at any time using the link above.
A telephone replay of the conference call will be available through Aug. 10, 2021. To access the telephone replay, dial 888-203-1112 or 719-457-0820 and enter passcode 3115180.
About Itron
Itron enables utilities and cities to safely, securely and reliably deliver critical infrastructure solutions to communities in more than 100 countries. Our portfolio of smart networks, software, services, meters and sensors helps our customers better manage electricity, gas and water resources for the people they serve. By working with our customers to ensure their success, we help improve the quality of life, ensure the safety and promote the well-being of millions of people around the globe. Itron is dedicated to creating a more resourceful world. Join us: www.itron.com.
Itron® is a registered trademark of Itron, Inc. All third-party trademarks are property of their respective owners and any usage herein does not suggest or imply any relationship between Itron and the third party unless expressly stated.
Itron, Inc.
Kenneth P. Gianella
Vice President, Investor Relations
(669) 770-4643
David Means
Director, Investor Relations
(509) 891-3758
Rebecca Hussey
Manager, Investor Relations
(509) 891-3574
Arcimoto FUV and Deliverator models will be put to the test in key cities across the state to further Tennessee’s shared vision for electric transportation.
EUGENE, Ore.--(BUSINESS WIRE)--Arcimoto, Inc.® (NASDAQ: FUV), makers of affordable, practical, and joyful pure electric vehicles for everyday commuters and fleets, today announced that it has entered into a joint pilot program with Tennessee Clean Fuels and Drive Electric Tennessee to test the FUV and Deliverator in key cities across the state.
Over the course of the 30-day pilot program beginning on August 16, Arcimoto vehicles will be tested by state and local governments in key cities including Memphis, Nashville, Knoxville, and Chattanooga. If you’re interested in attending a test drive event, please email This email address is being protected from spambots. You need JavaScript enabled to view it..
“It’s incredibly encouraging that our Tennessee partners want to introduce our ultra-efficient EVs to the state,” said Arcimoto Founder and CEO, Mark Frohnmayer. “The Arcimoto platform offers big advantages in terms of daily utility, total cost of ownership, and energy efficiency. It’s critical for fleets and individuals alike to use the most efficient tools for the job in order to meet the state's aggressive sustainability goals, and we think we’ve got just the thing.”
In Tennessee, several organizations are already hosting programs to promote transportation electrification, including the Middle-West and East Tennessee Clean Fuels Coalitions, known collectively as Tennessee Clean Fuels. These U.S. DOE designated Clean Cities Coalitions offer fleet engagement and technical assistance programs to promote the adoption of alternative fuels and advanced vehicle technologies. Along with these Coalitions is Drive Electric Tennessee, a consortium of Tennessee stakeholders—including State agencies, utilities, local governments, universities, research institutions, electric vehicle manufacturers, businesses, and advocacy groups—who have worked together on the development of a shared vision for electric transportation in the state. The consortium’s goal is to increase EV adoption in Tennessee from approximately 13,800 EV in June 2021 to 200,000 vehicles by 2028.
“Improving access to sustainable transportation not only improves public health for Tennesseans but contributes to a strong economy by protecting our natural resources and limiting the reliance on fossil fuels across the state,” said Jonathan Overly, Executive Director for the East Tennessee Clean Fuels Coalition and Administrator of Drive Electric Tennessee. “We hope this pilot will serve as a meaningful step in making electric transportation more efficient and accessible, while improving public health, equity, and access.”
For the latest company updates, follow Arcimoto on YouTube, Facebook, Instagram, Twitter, and LinkedIn. A replay of the Company’s latest quarterly earnings webinar can be viewed here. For more information, visit Arcimoto.com.
About Arcimoto, Inc.
Arcimoto (NASDAQ: FUV) develops and manufactures ultra-efficient and affordable electric vehicles to help the world shift to a sustainable transportation system. Now available to preorder customers on the West Coast, the Arcimoto FUV® is purpose-built for everyday driving, transforming ordinary trips into pure-electric joyrides. Available for preorder, the Deliverator® and Rapid Responder™ provide last-mile delivery and emergency response functionality, respectively, at a fraction of the cost and environmental impact of traditional gas-powered vehicles. Two additional concept prototypes built on the versatile Arcimoto platform are currently in development: the Cameo™, aimed at the film and influencer industry; and the Roadster, designed to be the ultimate on-road fun machine. Every Arcimoto vehicle is built at the Arcimoto Manufacturing Plant in Eugene, Oregon. For more information, please visit Arcimoto.com.
Safe Harbor / Forward-Looking Statements
Except for historical information, all of the statements, expectations, and assumptions contained in this press release are forward-looking statements. Forward-looking statements include, but are not limited to, statements that express our intentions, beliefs, expectations, strategies, predictions or any other statements relating to our future activities or other future events or conditions. These statements are based on current expectations, estimates and projections about our business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict and include, without limitation, our expectations as to product deliveries, the establishment of our service and delivery network and our expected rate of production. Therefore, actual outcomes and results may, and are likely to, differ materially from what is expressed or forecasted in the forward-looking statements due to numerous factors discussed from time to time in documents which we file with the SEC. In addition, such statements could be affected by risks and uncertainties related to, among other things: our ability to manage the distribution channels for our products, including our ability to successfully implement our rental strategy, direct to consumer distribution strategy and any additional distribution strategies we may deem appropriate; our ability to design, manufacture and market vehicle models within projected timeframes given that a vehicle consists of several thousand unique items and we can only go as fast as the slowest item; our inexperience to date in manufacturing vehicles at the high volumes that we anticipate; our ability to maintain quality control over our vehicles and avoid material vehicle recalls; the number of reservations and cancellations for our vehicles and our ability to deliver on those reservations; unforeseen or recurring operational problems at our facility, or a catastrophic loss of our manufacturing facility; our dependence on our suppliers; changes in consumer demand for, and acceptance of, our products: changes in the competitive environment, including adoption of technologies and products that compete with our products; the overall strength and stability of general economic conditions and of the automotive industry more specifically; changes in laws or regulations governing our business and operations; costs and risks associated with potential litigation; and other risks described from time to time in periodic and current reports that we file with the SEC. Any forward-looking statements speak only as of the date on which they are made, and except as may be required under applicable securities laws, we do not undertake any obligation to update any forward-looking statements.
Public Relations Contact:
Megan Kathman
(651) 785-3212
This email address is being protected from spambots. You need JavaScript enabled to view it.
Investor Relations Contact:
This email address is being protected from spambots. You need JavaScript enabled to view it.
Arcimoto Fleet Sales
Sam Fittipaldi
This email address is being protected from spambots. You need JavaScript enabled to view it.
HOUSTON--(BUSINESS WIRE)--Crestwood Equity Partners LP (NYSE: CEQP) (“Crestwood”) announced today that the board of directors of its general partner has declared the partnership’s quarterly cash distribution of $0.625 per limited partner unit ($2.50 annually) for the quarter ended June 30, 2021, which is flat quarter over quarter. In addition, Crestwood announced a quarterly cash distribution of $0.2111 per Class A preferred equity unit ($0.8444 annually). Both common and preferred distributions will be made on August 13, 2021, to unitholders of record as of August 6, 2021.
Crestwood plans to report financial results for the second quarter 2021 on Tuesday, July 27, 2021, before the New York Stock Exchange opens for trading. Following the announcement, management will host a conference call for investors and analysts at 9:00 a.m. Eastern Time (8:00 a.m. Central Time) that day to discuss the operating and financial results. Crestwood will provide an update on its operations and financial strategy at that time. The call will be broadcast live over the internet via audio webcast. Investors will be able to connect to the webcast via the “Investors” page of Crestwood’s website at www.crestwoodlp.com. Please log in at least ten minutes in advance to register and download any necessary software. A replay will be available shortly after the call for 90 days.
About Crestwood Equity Partners LP
Houston, Texas, based Crestwood Equity Partners LP (NYSE: CEQP) is a master limited partnership that owns and operates midstream businesses in multiple shale resource plays across the United States. Crestwood is engaged in the gathering, processing, treating, compression, storage and transportation of natural gas; storage, transportation, terminalling, and marketing of NGLs; gathering, storage, terminalling and marketing of crude oil; and gathering and disposal of produced water. Visit Crestwood Equity Partners LP at www.crestwoodlp.com; and to learn more about Crestwood’s sustainability efforts, please visit https://esg.crestwoodlp.com.
Forward-Looking Statements
This press release may include certain statements concerning expectations for the future that are forward-looking statements as defined by federal securities law. Such forward-looking statements are subject to a variety of known and unknown risks, uncertainties, and other factors that are difficult to predict and many of which are beyond management’s control. These risks and assumptions are described in Crestwood’s annual reports on Form 10-K and other reports that are available from the United States Securities and Exchange Commission. Readers are cautioned not to place undue reliance on forward-looking statements, which reflect management’s view only as of the date made. We undertake no obligation to update any forward-looking statement, except as otherwise required by law.
Tax Notice to Foreign Investors
This release serves as qualified notice to nominees under Treasury Regulation Sections 1.1446-4(b)(4) and (d). Please note that 100% of Crestwood’s distributions to foreign investors are attributable to income that is effectively connected with a United States trade or business. Accordingly, all of Crestwood’s distributions to foreign investors are subject to federal income tax withholding at the highest effective tax rate for individuals or corporations, as applicable. Nominees, and not Crestwood, are treated as the withholding agents responsible for withholding on the distributions received by them on behalf of foreign investors.
Crestwood Equity Partners LP
Investor Contacts
Josh Wannarka, 713-380-3081
This email address is being protected from spambots. You need JavaScript enabled to view it.
Senior Vice President, Investor Relations, ESG & Corporate Communications
Rhianna Disch, 713-380-3006
This email address is being protected from spambots. You need JavaScript enabled to view it.
Director, Investor Relations
Sustainability and Media Contact
Joanne Howard, 832-519-2211
This email address is being protected from spambots. You need JavaScript enabled to view it.
Vice President, Sustainability and Corporate Communications
HALIFAX, Nova Scotia--(BUSINESS WIRE)--Today Emera (TSX: EMA) announced that it will release its Q2 2021 results on Wednesday, August 11, 2021, before markets open. The Company will host a teleconference and webcast the same day at 9:30 a.m. Atlantic (8:30 a.m. Eastern) to discuss the results.
Analysts and other interested parties in North America are invited to participate by dialing 1-866-521-4909. International parties are invited to participate by dialing 1-647-427-2311. Participants should dial in at least 10 minutes prior to the start of the call. No pass code is required.
A live and archived audio webcast of the teleconference will be available on the Company's website, www.emera.com. A replay of the teleconference will be available two hours after the conclusion of the call by dialing 1-800-585-8367 and entering pass code 3794189.
About Emera Inc.
Emera Inc. is a geographically diverse energy and services company headquartered in Halifax, Nova Scotia, with approximately $31 billion in assets and 2020 revenues of more than $5.5 billion. The company primarily invests in regulated electricity generation and electricity and gas transmission and distribution with a strategic focus on transformation from high carbon to low carbon energy sources. Emera has investments in Canada, the United States and in four Caribbean countries. Emera’s common and preferred shares are listed on the Toronto Stock Exchange and trade respectively under the symbol EMA, EMA.PR.A, EMA.PR.B, EMA.PR.C, EMA.PR.E, EMA.PR.F, EMA.PR.H and EMA.PR.J. Depositary receipts representing common shares of Emera are listed on the Barbados Stock Exchange under the symbol EMABDR and on The Bahamas International Securities Exchange under the symbol EMAB. Additional information can be accessed at www.emera.com or at www.sedar.com.
Emera Inc.
Investor Relations:
Dave Bezanson, VP, Investor Relations & Pensions
902-474-2126
This email address is being protected from spambots. You need JavaScript enabled to view it.
Media:
902-222-2683
This email address is being protected from spambots. You need JavaScript enabled to view it.
CANONSBURG, Pa.--(BUSINESS WIRE)--Archaea Energy LLC (“Archaea” or “the Company”), an emerging leader in the development of renewable natural gas (“RNG”) in the U.S., announced today several key appointments to its leadership and management teams as well as recent operating highlights.
Archaea recently appointed several new leadership and management team members as it prepares to become a publicly-traded company through a business combination with Aria Energy LLC (“Aria”) and Rice Acquisition Corporation (“RAC”). These recent additions include Derek Kramer as Chief Technology Officer (“CTO”), Lindsay Ellis as General Counsel and Corporate Secretary (“GC”), Chad Bellah as Chief Accounting Officer (“CAO”), Megan Light as Vice President of Investor Relations and Campbell Stetter as Vice President of Finance. The business combination is expected to close in the third quarter of 2021 and the combined company, which will be called Archaea Energy, plans to be listed on the New York Stock Exchange under the ticker symbol “LFG.”
“To support and advance the company’s growth trajectory as we continue the integration with Aria and transition to becoming a publicly-traded company, I am pleased to welcome Chad, Derek, Lindsay, Campbell, and Megan to leadership positions within our team,” said Nick Stork, co-founder and CEO of Archaea. “We continue to attract top-level talent and this group is a great example of that. We truly believe that the talent and experience level of our team is unrivaled in the space.”
As CTO, Derek Kramer will be responsible for Archaea’s internal and external technology strategy and operations. Mr. Kramer has extensive executive experience implementing innovative programs and platforms to leverage data and technology to drive business performance and optimization, both as a consultant and in-house for a variety of organizations, including large publicly-traded companies such as American Electric Power and Pacific Gas & Electric.
As GC, Lindsay Ellis will lead the Company’s legal and risk management functions. Mrs. Ellis has significant experience as strategic-focused in-house counsel at EagleClaw Midstream and Rice Energy Inc. and well as valuable experience at Gibson, Dunn & Crutcher LLP and Vinson & Elkins L.L.P. Mrs. Ellis brings a wealth of expertise in mergers and acquisitions, capital markets and securities, corporate governance and SEC corporate matters.
As CAO, Chad Bellah will oversee the accounting practices of the Company. Mr. Bellah has experience advising Fortune 500 companies with complex accounting needs and providing responsible and strategic accounting practices to support short and long-term business objectives. Mr. Bellah spent 13 years at Anadarko Petroleum Corporation in a variety of accounting roles, including most recently leading accounting research and policy. Additionally, Mr. Bellah started his accounting career as an audit manager at Ernst & Young.
As Vice President of Investor Relations, Megan Light will lead interactions with the investment community and research analysts. Ms. Light has experience in finance and investor relations across multiple energy sectors and joins the Company from an investor relations role at Cheniere Energy, Inc., the second-largest global operator of natural gas liquefaction capacity.
As Vice President of Finance, Campbell Stetter will be responsible for leading a variety of initiatives within finance and corporate development for the Company. Mr. Stetter has highly valuable energy finance experience including investment banking, private equity, and corporate finance experience and joins the Company from PetroLegacy Energy, a privately-owned E&P company.
Archaea also highlighted recent operating updates for the combined company, including:
On Friday, July 2, 2021, RAC refiled its preliminary proxy statement with the Securities and Exchange Commission (“SEC”), which contains information regarding a number of the highlights mentioned above, in addition to other updates for the combined company, including Q1 2021 information1.
“We are pleased to provide our first quarterly disclosure for the combined company as an important step in our commitment to transparency with our stakeholders,” said Nick Stork. “Our current focus is on ensuring the advancement of our development schedule as well as successful integration of Archaea and Aria teams and systems. We continue to see significant opportunities to maximize financial returns and value to our stakeholders.
“We are focused on the development and construction of key commercial projects, including Project Assai, which upon completion will be supported by a portfolio of long-term fixed price contracts, enabling us to limit revenue volatility and provide predictable returns to shareholders while enabling our customers to achieve their long-term environmental objectives.
“Conversations for business development and long-term contractual offtake continue to accelerate, and we are seeing positive momentum in almost every aspect of our business as we work to leverage our expertise and technological advantages. With our focus on continued execution, we are reaffirming EBITDA guidance for the combined company for full year 2021, which was previously released in April 2021.
“I’d like to thank the employees from both Aria and Archaea for their continued hard work, which gives us excellent operational momentum heading into the anticipated merger close. We’re very excited to begin operating as one team and unlocking the value potential of the combined businesses.”
1. Information in the preliminary proxy statement is subject to change, possibly materially, due to SEC review or otherwise. |
About Archaea Energy LLC
Archaea Energy LLC is an emerging leader in developing renewable natural gas from high-carbon emission processes and industries by capturing recurring emissions from food waste, wastewater, agricultural waste and landfill gas. Archaea builds, operates and manages RNG projects throughout the entire energy life cycle and offers off-take partners the opportunity to purchase RNG from its portfolio of projects under long-term agreements. Archaea delivers pipeline-quality RNG from coast to coast using existing natural gas infrastructure.
Additional information is available at www.archaeaenergy.com/.
Forward Looking Statements
This press release includes “forward looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “may,” “might,” “will,” “would,” “could,” “should,” “forecast,” “intend,” “seek,” “target,” “anticipate,” “believe,” “expect,” “estimate,” “plan,” “outlook,” and “project” and other similar expressions, although not all forward looking statements contain such identifying words. All statements other than historical facts are forward looking statements. Such statements include, but are not limited to, statements concerning the business combination; market conditions and trends; earnings, performance, strategies, prospects and other aspects of the businesses of RAC, Aria, Archaea and the combined company. Forward looking statements are based on current expectations, estimates, projections, targets, opinions and/or beliefs of Archaea, and such statements involve known and unknown risks, uncertainties and other factors.
The risks and uncertainties that could cause those actual results to differ materially from those expressed or implied by these forward looking statements include, but are not limited to: (a) the occurrence of any event, change or other circumstances that could give rise to the termination of the proposed business combination and any transactions contemplated thereby; (b) the ability to complete the transactions contemplated by the proposed business combination due to the failure to obtain approval of the stockholders of RAC, or other conditions to closing of the proposed business combination; (c) the ability to meet NYSE's listing standards following the consummation of the transactions contemplated by the proposed business combination; (d) the risk that the proposed transactions disrupt current plans and operations of Aria, Archaea or their subsidiaries as a result of the announcement and consummation of the transactions described herein; (e) the ability to recognize the anticipated benefits of the proposed transactions, which may be affected by, among other things, competition, the ability of the combined company to grow and manage growth profitably and retain its management and key employees; (f) costs related to the proposed business combination and related transactions; (g) the possibility that Aria or Archaea may be adversely affected by other economic, business, and/or competitive factors; (h) the combined company’s ability to develop and operate new projects; (i) the reduction or elimination of government economic incentives to the renewable energy market; (j) delays in acquisition, financing, construction and development of new projects; (k) the length of development cycles for new projects, including the design and construction processes for the combined company’s projects; (l) the combined company’s ability to identify suitable locations for new projects; (m) the combined company’s dependence on landfill operators; (n) existing regulations and changes to regulations and policies that effect the combined company’s operations; (o) decline in public acceptance and support of renewable energy development and projects; (p) sustained demand for renewable energy; (q) impacts of climate change, changing weather patterns and conditions, and natural disasters; (r) the ability to secure necessary governmental and regulatory approvals; and (s) other risks and uncertainties indicated in the preliminary or definitive proxy statement, including those under "Risk Factors" therein, and other documents filed or to be filed with the SEC by RAC.
The foregoing list of factors is not exclusive. You should not place undue reliance upon any forward looking statements, which speak only as of the date made. RAC, Aria, Archaea and the combined company do not undertake or accept any obligation or undertaking to update or revise the forward looking statements set forth herein, whether as a result of new information, future events or otherwise, except as may be required by law.
Important Information about the Transaction and Where to Find It
In connection with the proposed business combination, RAC has filed a preliminary proxy statement and intends to file a definitive proxy statement with the SEC. This press release does not contain all the information that should be considered concerning the proposed combination, and it is not intended to provide the basis for any investment decision or any other decision regarding the proposed combination. RAC’s stockholders and other interested persons are advised to read the preliminary proxy statement, the amendments thereto, and, when available, the definitive proxy statement and documents incorporated by reference therein filed in connection with the proposed combination, as these materials will contain important information about the combined company, RAC, Aria, Archaea and the proposed combination. When available, the definitive proxy statement will be mailed to the stockholders of RAC as of a record date to be established for voting on the proposed combination. Stockholders will also be able to obtain copies of the preliminary proxy statement, the definitive proxy statement and other documents filed with the SEC that will be incorporated by reference therein, without charge, once available, at the SEC’s website at http://www.sec.gov.
Participants in the Solicitation
RAC, Aria and Archaea and their respective directors, executive officers and other employees may be deemed to be participants in the solicitation of proxies of RAC’s stockholders in connection with the proposed business combination. Information regarding the persons who may, under SEC rules, be deemed participants in the solicitation of RAC’s stockholders in connection with the proposed combination, including their names and a description of their interests in the proposed combination, will be set forth in the proxy statement relating to such transaction when it is filed with the SEC.
No Offer or Solicitation
This press release shall not constitute a solicitation of a proxy, consent or authorization with respect to any securities or in respect of the proposed business combination. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any states or jurisdictions in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of section 10 of the Securities Act of 1933, as amended.
Investors
Megan Light
This email address is being protected from spambots. You need JavaScript enabled to view it.
Media
Katarina Matic
This email address is being protected from spambots. You need JavaScript enabled to view it.
917-853-1105
SAN ANTONIO--(BUSINESS WIRE)--NuStar Energy L.P. (NYSE: NS) has been honored as one of the 2021 Best Workplaces for Millennials™ by Fortune magazine and Great Place to Work. This is the company’s 5th time to be recognized as one of the top workplaces for millennials in the country.
“This recognition truly celebrates the positive spirit of our millennials and all of our other employees,” said Brad Barron, President and CEO of NuStar Energy L.P. “We are so grateful to our employees for their energy, enthusiasm and can-do attitude.
“It’s gratifying to know that employees of every generation enjoy working at NuStar because of our unique caring and sharing culture created by our Chairman Bill Greehey. He established our employee-focused culture many years ago, and we’re continually striving to make NuStar an even greater place to work as our employees are the key to our success.”
NuStar also has been honored with several other top workplace honors in 2021, including being named to Fortune’s list of the 100 Best Companies to Work For, and the list of Best Workplaces in Texas. Additionally, the company was designated as one of the 2021 Best Places for Working Parents and ranked among the 25 Best Companies For Latinos to Work by Latino Leader Magazine.
The Best Workplaces for Millennials award is based on an analysis of survey responses from more than 5.3 million current employees at companies across the country. In that survey, 94 percent of NuStar’s employees said that the company is a great place to work, which is 35 percent higher than the average U.S. company.
The Best Workplaces for Millennials list is highly competitive. Great Place to Work, the global authority on workplace culture, selected the list using rigorous analytics and confidential employee feedback. Companies were only considered if they are a Great Place to Work-Certified™ organization.
Great Place to Work is the only company culture award in America that selects winners based on how fairly employees are treated. Companies are assessed on how well they are creating a great employee experience that cuts across race, gender, age, disability status, or any aspect of who employees are or what their role is.
“The Best Workplaces for Millennials™ treat their employees like people, not just employees,” said Michael C. Bush, CEO of Great Place to Work®. “These companies foster caring and respect for one another, at every level of the organization. The result is millennial employees who say they look forward to coming to work and – as our research says – are 50 times more likely to stay a long time.”
About NuStar
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 73 terminal and storage facilities that store and distribute crude oil, refined products, renewable fuels and specialty liquids. The partnership's combined system has approximately 72 million barrels of storage capacity, and NuStar has operations in the United States, Canada and Mexico. For more information, visit NuStar Energy L.P.'s website at www.nustarenergy.com and our Sustainability page at www.nustarenergy.com/Sustainability.
About the Best Workplaces for Millennials™
Great Place to Work® selected the Best Workplaces for Millennials™ by gathering and analyzing confidential survey responses from more than 5.3 million employees at Great Place to Work-Certified™ organizations. Company rankings are derived from 60 employee experience questions within the Great Place to Work Trust Index™ survey. Read the full methodology. To get on this list next year, start here.
About Great Place to Work®
Great Place to Work® is the global authority on workplace culture. Since 1992, they have surveyed more than 100 million employees worldwide and used those deep insights to define what makes a great workplace: trust. Their employee survey platform empowers leaders with the feedback, real-time reporting and insights they need to make data-driven people decisions. Everything they do is driven by the mission to build a better world by helping every organization become a great place to work For All™.
Learn more at greatplacetowork.com and on LinkedIn, Twitter, Facebook and Instagram.
Chris Cho
210-918-3953
This email address is being protected from spambots. You need JavaScript enabled to view it.
The report details the company’s actions in 2020 to advance a lower-carbon future
HOUSTON--(BUSINESS WIRE)--Phillips 66 released its 2021 Sustainability Report on Thursday, giving a broad account of how the company advanced a lower-carbon future in 2020 while weathering the pandemic. The report includes an analysis of the company’s climate-related risks and opportunities as well as performance data on various environmental, social and governance matters, underlining Phillips 66’s continued commitment to transparency.
In his introductory letter to the report, Phillips 66 Chairman and CEO Greg Garland lauded the company’s resilience amid the challenges of 2020. Phillips 66 had its best year yet in safety in 2020 and completed a number of major projects, including the 845-mile-long Gray Oak Pipeline. He also noted that the company’s efforts didn’t revolve solely around getting through the crisis.
“We also distinguished ourselves in how we kept Phillips 66 moving forward into 2021 and preparing for the future,” he said. “We announced the Rodeo Renewed project in California, which will convert our San Francisco Refinery into one of the world’s largest renewable fuels facilities, and introduced our new Emerging Energy organization. … We are committed to being part of the solution to help the world address climate change.”
The report — published on Phillips66.com and accompanied online by related web-exclusive articles and videos — includes:
To view Phillips 66’s 2021 Sustainability Report, go to phillips66.com/sustainability.
About Phillips 66
Phillips 66 is a diversified energy manufacturing and logistics company. With a portfolio of Midstream, Chemicals, Refining, and Marketing and Specialties businesses, the company processes, transports, stores and markets fuels and products globally. Phillips 66 Partners, the company’s master limited partnership, is integral to the portfolio. Headquartered in Houston, the company has 14,200 employees committed to safety and operating excellence. Phillips 66 had $55 billion of assets as of March 31, 2021. For more information, visit www.phillips66.com or follow us on Twitter @Phillips66Co.
Jeff Dietert (investors)
832-765-2297
This email address is being protected from spambots. You need JavaScript enabled to view it.
Shannon Holy (investors)
832-765-2297
This email address is being protected from spambots. You need JavaScript enabled to view it.
Bernardo Fallas (media)
855-841-2368
This email address is being protected from spambots. You need JavaScript enabled to view it.
EVgo will plan and deploy EV charging and infrastructure solutions for GM fleet and BrightDrop customers
LOS ANGELES--(BUSINESS WIRE)--EVgo Inc., (NASDAQ: EVGO), the nation’s largest public fast charging network for electric vehicles (EVs) and first powered by 100% renewable electricity, today announced that General Motors Company (GM) has named it a preferred provider for the company’s Ultium Charge 360 fleet service. With the announcement, EVgo will deploy comprehensive new charging and infrastructure solutions specifically for GM fleet and BrightDrop customers; in addition, these customers can receive program discounts at EVgo’s nationwide network of more than 800 public fast charging locations.
Automakers around the globe have announced more than $300 billion of EV investments, and just last month, GM, announced its plans to spend $35 billion through 2025 on EVs and AVs, an increase of 75% from March 2020 before the COVID-19 pandemic.
Today’s news will help enable a seamless experience as EVgo can provide one stop shopping for fleet customers looking for charging solutions from Level 2 charging at the depot to away-from-base fast charging options. GM’s Ultium Charge 360 fleet service will support EV fleet electrification for rideshare, delivery, municipal, autonomous, government and other market segments and includes a curated, comprehensive offering for fleet customers who are transitioning to electric vehicles. EVgo’s commitment to powering EV fleets furthers the joint vision in achieving electrification for all.
GM tapped EVgo as a preferred provider to leverage its dedication to innovation and deep expertise in designing, building and maintaining EV infrastructure across the country, including dedicated charging services for fleets. Reliability is a key factor for mission critical fleets, and EVgo maintains uptime of 98%1 across thousands of charging stations. EVgo can help fleet owners realize electrification’s significant benefits, empowering them to recognize lower total cost of ownership, meet emerging regulations and lead on corporate sustainability.
Through the GM Ultium Charge 360 service, EVgo will offer GM fleet and BrightDrop customers turnkey fleet solutions tailored to meet their unique and diverse needs, from fleet transition planning to equipment provisioning, infrastructure deployment, dedicated depots, integrated software solutions and ongoing operations and maintenance.
This announcement is the latest in a series of joint milestones for the two companies. In July 2020, GM and EVgo announced plans to accelerate widespread EV adoption by adding more than 2,700 fast chargers in markets across the country through 2025. In April, the companies brought the first stations online in California, Florida and Washington.
“As fleets and fleet managers transition to an all-electric future, empowering them with convenient and integrated charging solutions will be critical to expanding this key market segment. GM and EVgo are building on their relationship and will provide solutions for on-the-go to depot charging helping to ensure drivers have access to EVgo’s public charging network, making it easy for fleet drivers to charge when and where they need to,” said Alex Keros, Lead Architect, EV Infrastructure, General Motors.
“EVgo and GM both know how important it is to electrify fleets—for the economic benefit of fleet managers and for the planet,” said EVgo CEO Cathy Zoi. “As a preferred charging solutions provider for GM’s new fleet program. We will continue to provide fleet operators with the charging solutions from L2 through 350kW charging they need to go electric at scale.”
About EVgo
EVgo (NASDAQ: EVGO) is the nation’s largest public fast charging network for electric vehicles, and the first to be powered by 100% renewable energy. With more than 800 fast charging locations, EVgo’s owned and operated charging network serves over 65 metropolitan areas across 34 states and more than 250,000 customers. Founded in 2010, EVgo leads the way on transportation electrification, partnering with automakers; fleet and rideshare operators; retail hosts such as hotels, shopping centers, gas stations and parking lot operators; and other stakeholders to deploy advanced charging technology to expand network availability and make it easier for drivers across the U.S. to enjoy the benefits of driving an EV. As a charging technology first mover, EVgo works closely with business and government leaders to accelerate the ubiquitous adoption of EVs by providing a reliable and convenient charging experience close to where drivers live, work and play, whether for a daily commute or a commercial fleet.
_______________________________
1 Based on EVgo network data
EVgo
For Investors:
Ted Brooks, VP of Investor Relations
This email address is being protected from spambots. You need JavaScript enabled to view it.
310-954-2943
For Media:
This email address is being protected from spambots. You need JavaScript enabled to view it.
AUSTIN, Texas--(BUSINESS WIRE)--USA Compression Partners, LP (NYSE: USAC) (“USA Compression”) today announced a cash distribution of $0.525 per common unit ($2.10 on an annualized basis) for the second quarter of 2021. The distribution will be paid on August 6, 2021, to unitholders of record as of the close of business on July 26, 2021.
Second Quarter 2021 Earnings Conference Call
In addition, USA Compression will release its second quarter 2021 results prior to the opening of U.S. financial markets on Tuesday, August 3. Management will conduct an investor conference call the same day starting at 11 a.m. Eastern Time (10 a.m. Central Time) to discuss financial and operating results. The call will be broadcast live over the internet. Investors may participate either by phone or audio webcast.
By Phone: |
|
Dial 800-263-0877 inside the U.S. and Canada at least 10 minutes before the call and ask for the USA Compression Partners Earnings Call. Investors outside the U.S. and Canada should dial 646-828-8143. The conference ID for both is 9227045. |
|
|
A replay of the call will be available through August 13, 2021. Callers inside the U.S. and Canada may access the replay by dialing 888-203-1112. Investors outside the U.S. and Canada should dial 719-457-0820. The conference ID for both is 9227045. |
By Webcast: |
|
Connect to the webcast via the “Events” page of USA Compression’s Investor Relations website at http://investors.usacompression.com. Please log in at least 10 minutes in advance to register and download any necessary software. A replay will be available shortly after the call. |
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.
NON-U.S. WITHHOLDING INFORMATION
This release is intended to be a qualified notice under Treasury Regulation Section 1.1446-4(b). Brokers and nominees should treat one hundred percent (100.0%) of USA Compression’s distributions to non-U.S. investors as being attributable to income that is effectively connected with a United States trade or business. Accordingly, USA Compression’s distributions to non-U.S. investors are subject to federal income tax withholding at the highest applicable effective tax rate.
FORWARD-LOOKING STATEMENTS
Statements in this press release may be forward-looking statements as defined under federal law. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of uncertainties and factors, many of which are outside the control of USA Compression, and a variety of risks that could cause results to differ materially from those expected by management of USA Compression. USA Compression undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results over time.
Matt Liuzzi / 512-369-1624
This email address is being protected from spambots. You need JavaScript enabled to view it.
BOSTON--(BUSINESS WIRE)--Schneider Electric, the leader in digital transformation of energy management and automation, today has been selected as a preferred provider for GM’s Ultium Charge 360 fleet service to support electric vehicle infrastructure. The move will facilitate GM’s commitment to fleet electrification and provide a more seamless experience for GM fleet and BrightDrop customers via an end-to-end solution offered by Schneider Electric.
Schneider Electric’s new EcoStruxure for Automotive and Mobility solution, an offering specifically for fleet customers that will now be available through the GM Ultium Charge 360 fleet service, is an EV infrastructure solution providing utility rate negotiation and modeling, software integration, charging station agnostic solutions, and cybersecurity architecture. The service also provides end-point cloud integration connecting products, controls, software and services, and Energy-as-a-Service design and financial support for the infrastructure solution.
“We are incredibly excited to be one of the first preferred providers to join the GM Ultium Charge 360 fleet service and, as the most sustainable company in the world1, we share their commitment to make the most of our energy resources, bridging progress and sustainability for all,” said Annette Clayton, CEO & president, Schneider Electric North America. “Our EcoStruxure for Automotive and Mobility solution will help us meet the needs of GM fleet and BrightDrop customers by proving an end-to-end EV infrastructure solution to facilitate their EV transition.”
As part of the preferred provider agreement, GM will also facilitate and coordinate integration between fleet customers’ existing integrated software solutions and Schneider Electric programming interfaces as needed. This means that Schneider Electric’s new EV infrastructure technology will work seamlessly with existing GM solutions where available, such as Energy Assist, OnStar Business Solutions, and OnStar Vehicle Insights, as well as newer technologies moving forward.
“Electrifying fleets is a critical step as we move toward EV adoption at scale and our work with Schneider Electric will help make the shift to electric as seamless and integrated as possible,” said Alex Keros, Lead Architect, EV Infrastructure, General Motors. “GM and Schneider Electric will provide fleet customers an integrated charging solution that can fit their needs through comprehensive fleet-depot charging.”
For more information on EV solutions from Schneider Electric, please visit: https://www.se.com/us/en/work/solutions/for-business/automotive.
About Schneider Electric
Schneider’s purpose is to empower all to make the most of our energy and resources, bridging progress and sustainability for all. We call this Life Is On.
Our mission is to be your digital partner for Sustainability and Efficiency.
We drive digital transformation by integrating world-leading process and energy technologies, end-point to cloud connecting products, controls, software and services, across the entire lifecycle, enabling integrated company management, for homes, buildings, data centers, infrastructure and industries.
We are the most local of global companies. We are advocates of open standards and partnership ecosystems that are passionate about our shared Meaningful Purpose, Inclusive and Empowered values.
1 According to Corporate Knights 2021 Global 100 Index https://www.corporateknights.com/reports/2021-global-100/top-company-profile-schneider-electric-leads-decarbonizing-megatrend25289-16115328/
Follow us on: Twitter | Facebook | LinkedIn | YouTube | Instagram | Blog
Hashtags: #LifeIsOn #EV #Electrification
Schneider Electric Media Relations – Thomas Eck, Phone: 917-797-4974; This email address is being protected from spambots. You need JavaScript enabled to view it.
PR agency for Schneider Electric – Miranda Sanders; Phone: 619-308-5245; This email address is being protected from spambots. You need JavaScript enabled to view it.
MIAMI--(BUSINESS WIRE)--World Fuel Services Corporation (NYSE:INT) invites you to participate in a conference call with its management team on Thursday, July 29, 2021 at 5:00PM Eastern Time to discuss the Company’s second quarter results, as well as certain forward-looking information. The Company plans to release its second quarter results after the market closes on the same date.
The live conference call will be accessible by telephone at (833) 562-0141 (within the United States and Canada) or (661) 567-1221 (International). Audio replay of the call will be available through August 5, 2021. The replay numbers are: (855) 859-2056 (within the United States and Canada) and (404) 537-3406 (International). The call ID is 8667364.
The conference call will also be available via live webcast. The live webcast may be accessed by visiting the Company’s website at www.wfscorp.com and clicking on the webcast icon. An archive of the webcast will be available on the Company’s website two hours after the completion of the live call and will remain available until August 12, 2021.
About World Fuel Services Corporation
Headquartered in Miami, Florida, World Fuel Services is a global energy management company involved in providing supply fulfillment, energy procurement advisory services, and transaction and payment management solutions to commercial and industrial customers, principally in the aviation, marine and land transportation industries. World Fuel Services sells fuel and delivers services to its clients at more than 8,000 locations in more than 200 countries and territories worldwide.
For more information, call 305-428-8000 or visit www.wfscorp.com.
Ira M. Birns
Executive Vice President & Chief Financial Officer
or
Glenn Klevitz, Vice President, Treasurer & Investor Relations
305-428-8000
Offshore Source keeps you updated with relevant information concerning the Offshore Energy Sector.
Any views or opinions represented on this website belong solely to the author and do not represent those of the people, institutions or organizations that Offshore Source or collaborators may or may not have been associated with in a professional or personal capacity, unless explicitly stated.