FRAMINGHAM, Mass.--(BUSINESS WIRE)--#cleanenergy--Ameresco, Inc. (NYSE:AMRC), a leading clean technology integrator specializing in energy efficiency and renewable energy, today announced that it will release its second quarter 2021 financial results after the close of the market on Monday, August 2, 2021. The earnings press release will be available on the “Investor Relations” section of the Company’s website at www.ameresco.com. The Company will host an earnings conference call at 4:30 p.m. ET the same day.
In conjunction with its earnings conference call and press release, the Company will provide supplemental information concerning the financial results. The supplemental information on a Current Report on Form 8-K will be posted to the “Investor Relations” section of the Company's website.
Participants may access the earnings conference call by dialing domestically +1 (877) 359-9508 or internationally +1 (224) 357-2393. The passcode is 2779293. Participants are advised to dial into the call at least ten minutes prior to register. A live, listen-only webcast of the conference call will also be available over the Internet. Individuals wishing to listen can access the call through the “Investor Relations” section of the Company’s website at www.ameresco.com. If you are unable to listen to the live call, an archived webcast will be available on the Company’s website for one year.
About Ameresco, Inc.
Founded in 2000, Ameresco, Inc. (NYSE:AMRC) is a leading cleantech integrator and renewable energy asset developer, owner and operator. Our comprehensive portfolio includes energy efficiency, infrastructure upgrades, asset sustainability and renewable energy solutions delivered to clients throughout North America and the United Kingdom. Ameresco’s sustainability services in support of clients’ pursuit of Net Zero include upgrades to a facility’s energy infrastructure and the development, construction, and operation of distributed energy resources. Ameresco has successfully completed energy saving, environmentally responsible projects with Federal, state and local governments, healthcare and educational institutions, housing authorities, and commercial and industrial customers. With its corporate headquarters in Framingham, MA, Ameresco has more than 1,000 employees providing local expertise in the United States, Canada, and the United Kingdom. For more information, visit www.ameresco.com.
Media Relations
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Investor Relations
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DALLAS--(BUSINESS WIRE)--Leeward Renewable Energy Operations, LLC (“Leeward Operations”), a subsidiary of Leeward Renewable Energy, LLC (“Leeward”), closed an offering of $375 million in aggregate principal amount of 4.250% Senior Notes due 2029 (Green Bonds). Wells Fargo Bank is acting as Administrative Agent for the $100 million revolving credit facility that closed with the bond offering. Last month, Leeward also closed a $75 million letter of credit facility with Wells Fargo Bank.
Leeward recently unveiled its Green Bond Framework, detailing Leeward’s rationale for issuance of the bonds and proposed use of proceeds. The bonds were assigned a first-time issuer default rating of BB- by Fitch and a first time Ba3 corporate family rating by Moody’s.
“We are pleased with our debut offering, enabling us to execute on our aggressive growth strategy across our wind, solar and renewable energy storage platform,” said Leeward Chief Financial Officer Chris Loehr. “Responsible development is a value that runs deep at Leeward, and we intend to pursue a lower carbon future through the responsible development, construction, operation and maintenance of renewable energy projects.”
Since 2003, Leeward has produced nearly 68,000,000 megawatts hours of renewable energy and has avoided approximately 66,000,000 metric tons of carbon emissions. Today’s announced transactions will support Leeward’s high-growth plans and continued leadership in providing reliable access to clean energy.
About Leeward Renewable Energy, LLC
Leeward Renewable Energy is a leading renewable energy company that owns and operates a portfolio of 21 renewable energy facilities across nine states totaling approximately 2,000 megawatts of generating capacity. Leeward is actively developing new wind, solar, and energy storage projects in energy markets across the U.S., with 17 gigawatts under development spanning over 100 projects. Leeward is a portfolio company of OMERS Infrastructure, an investment arm of OMERS, one of Canada’s largest defined benefit pension plans with C$105 billion in net assets (as at December 31, 2020). For more information, visit www.leewardenergy.com.
Kelly Kimberly
Sard Verbinnen & Co.
713.822.7538
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RALEIGH, N.C.--(BUSINESS WIRE)--#NorthCarolina--Consumer Energy Alliance (CEA), the leading energy and environmental advocate for families and businesses, today released a report that finds that a natural gas ban would cost every household in North Carolina more than $25,000.
The report, “The Hidden Costs of a North Carolina Natural Gas Ban,” examines the impact of a natural gas ban if it were forced onto families and North Carolinians. Using open-source consumer data, CEA developed a cost calculator to provide an estimate of what a typical household in Charlotte could expect to pay as a result of policies to ban natural gas service and use, depending on home configuration, appliances used and other factors.
These findings dovetail with previous research performed by CEA which found that the cost to replace just major gas appliances in homes nationwide would be more than $258 billion. The report also found that attempts to “electrify everything” would require a massive infrastructure buildout of over $100 billion in the state.
“With one in four North Carolina households using natural gas for home heating, banning natural gas would be a devastating blow to families who would have to pay upwards of $25,000 to involuntarily reconfigure their home and purchase new appliances. A ban on natural gas would also lead to an increase in energy bills, placing an unnecessary burden on the 13.6% of North Carolinians who live at or below the poverty level, those on fixed incomes, and businesses still recovering from the hardships of COVID-19,” CEA Vice President of State Affairs Kevin Doyle said.
Doyle added: “Not only is natural gas a critical resource for fueling North Carolina’s families and businesses, but the state has seen remarkable reductions in emissions as natural gas use has increased and expanded.”
The report also highlights data from the Environmental Protection Agency, which shows that from 1990 to 2019, North Carolina’s emissions have decreased across the board, including:
- 69.1% reduction in nitrogen oxides (NOx)
- 62.0% reduction in volatile organic compounds (VOCs)
- 93.0% reduction in sulfur dioxide (SO2)
“Misguided attempts to ban energy services will only lead to undue financial burdens on North Carolina’s families, seniors and small businesses and work against our environmental and climate goals. Consumers should retain the right to keep the energy service they want and choose appliances they wish to use – not activists with ill-considered agendas that put families last,” Doyle said.
To view the report, click here.
About Consumer Energy Alliance
Consumer Energy Alliance (CEA) is the leading consumer advocate for energy, bringing together families, farmers, small businesses, distributors, producers, and manufacturers to support America's environmentally sustainable energy future. With more than 550,000 members nationwide, our mission is to help ensure stable prices and energy security for households and businesses across the country. CEA works daily to encourage people across the nation to seek sensible, realistic, and environmentally responsible solutions to meet our energy needs. Learn more at ConsumerEnergyAlliance.org.
Rachel Edwards
P:713-355-9714
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BOSTON--(BUSINESS WIRE)--Advent Technologies Holdings, Inc. (NASDAQ: ADN) (“Advent” or the “Company”), an innovation-driven leader in the fuel cell and hydrogen technology space, today announced that it will take part in the USA Pavilion at DEFEA Defence Exhibition on July 13-15, 2021, at the Metropolitan Expo in Athens, Greece. This high-profile international defense event will bring together leaders in the defense and security industry alongside companies from across the globe to present land, naval, aerospace, national, and cybersecurity defense systems.
Advent, alongside its subsidiary UltraCell, is hosting a booth to showcase portable fuel cell products as part of the USA Pavilion. The USA Pavilion will feature top U.S. companies and influencers in the defense industry. The DEFEA exhibition is organized by Rota exhibitions Greece, under the auspices of the Hellenic Ministry of National Defence, the General Directorate for Defense Investments and Armaments (GDDIA) and the Hellenic Ministry of Shipping, with the support of the Hellenic Manufacturers Association of Defense Material, the Hellenic Aerospace Security and Defense Industries Group and the Hellenic Association of Space Industry. The USA Pavilion at the Exhibition is organized by the American-Hellenic Chamber of Commerce, under the auspices of the Embassy of the United States of America. The USA Pavilion will occupy more than 1,000m2, where 32 leading American defense industry companies will display state-of-the-art equipment, services, heavy vehicles, and U.S. military helicopters.
A leader in lightweight fuel cells for the portable power market, UltraCell has portable fuel cell units currently deployed in the field by U.S. military and security agencies. UltraCell is working with the U.S. Department of Defense for logistical solutions by using methanol for portable lightweight chargers that do not require JP8 fuel (Jet Propellant 8) to run the system, thus helping to decrease its carbon footprint. For example, UltraCell’s Generation 3 of the XX55™ fuel cell systems convert methanol into electricity to meet both the demand for portable power on the battlefield and carbon neutral goals.
Advent will be showcasing three fuel cell products at DEFEA:
To learn more about these and other groundbreaking developments at Advent, please visit us at the USA Pavilion, Advent Booth, Hall 4, Booth A7.
About Advent Technologies Holdings, Inc.
Advent Technologies Holdings, Inc. is a U.S. corporation that develops, manufactures, and assembles critical components for fuel cells and advanced energy systems in the renewable energy sector. Advent is headquartered in Boston, Massachusetts, with offices in the San Francisco Bay Area and Europe. With 120-plus patents issued (or pending) for its fuel cell technology, Advent holds the IP for next-generation high-temperature proton exchange membranes (HT-PEM) that enable various fuels to function at high temperatures under extreme conditions – offering a flexible “Any Fuel. Anywhere.” option for the automotive, maritime, aviation and power generation sectors. For more information, please visit www.advent.energy.
About UltraCell
UltraCell, a wholly owned subsidiary of Advent Technologies, is a leader in lightweight fuel cells for the portable power market with mature products and cutting-edge technology. The portable battery chargers produced by UltraCell are the only "Made in USA" fuel cell products approved by the North Atlantic Treaty Organization (NATO), and one of the only two manufacturers across NATO. UltraCell units are already deployed in the field by U.S. military and security agencies. Three additional NATO allies are currently testing UltraCell systems. UltraCell’s fuel cell products have also been recognized and presented in multiple global NATO events. For more information, please visit www.ultracell-llc.com.
Advent Technologies Holdings, Inc.
Elisabeth Maragoula
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Sloane & Company
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COLUMBUS, Ind.--(BUSINESS WIRE)--Cummins Inc. (NYSE: CMI) has taken another step forward in advancing zero carbon technology as the company began testing a hydrogen-fueled internal combustion engine. The proof-of-concept test is building on Cummins’ existing technology leadership in gaseous-fuel applications and powertrain leadership to create new power solutions that help customers meet the energy and environmental needs of the future.
“Cummins is thrilled about the potential of the hydrogen engine to reduce emissions and provide power and performance for customers,” said Srikanth Padmanabhan, President of the Engine Segment. “We are using all new engine platforms equipped with the latest technologies to improve power density, reduce friction and improve thermal efficiency, allowing us to avoid the typical performance limitations and efficiency compromises associated with converting diesel or natural gas engines over to hydrogen fuel. We have made significant technological advancements and will continue moving forward. We are optimistic about bringing this solution to market.”
Following the proof-of-concept testing, the company plans to evaluate the engine in a variety of on- and off-highway applications, supporting the company’s efforts to accelerate the decarbonization of commercial vehicles.
“The hydrogen engine program can potentially expand the technology options available to achieve a more sustainable transport sector, complementing our capabilities in hydrogen fuel cell, battery electric and renewable natural gas powertrains,” said Jonathon White, Vice-President of Engine Business Engineering.
Hydrogen engines offer OEMs and end-users the benefit of adaptability by continuing to use familiar mechanical drivelines with vehicle and equipment integration mirroring that of current powertrains while continuing to provide the power and capability for meeting application needs.
The hydrogen engines can use green hydrogen fuel, produced by Cummins-manufactured electrolyzers, emitting near zero CO2 emissions through the tailpipe and near zero levels of NOx. The projected investment in renewable hydrogen production globally will provide a growing opportunity for the deployment of hydrogen-powered fleets utilizing either Cummins fuel cell or engine power.
Integrating Hydrogen Technology
Cummins is investing across a range of technologies to support hydrogen-based transportation including hydrogen engines, fuel cells, electrolyzers and storage tanks.
The high energy density of hydrogen enables easily integrated on-board gas storage without compromising either the vehicle payload or operating range. Cummins’ joint venture partnership with hydrogen storage specialist NPROXX adds the ability to integrate the fuel cell or hydrogen engine with the high-pressure gas cylinder tanks and supply lines on the vehicle. NPROXX is also a leading supplier of containerized storage vessels, enabling fast hydrogen refueling for end users.
Cummins’ pivotal role in expanding the hydrogen ecosphere goes beyond fuel cells and storage solutions to the manufacture of decarbonized renewable hydrogen, with the experience of more than 600 electrolyzer installations across the globe. The modular scalability of our electrolyzers is ideally suited for a range of applications, from the localized supply of truck and bus fleets to utility-scale electrolysis. Cummins has unique hydrogen capabilities extending from fuel production to storage and vehicle power.
About Cummins Inc.
Cummins Inc., a global power leader, is a corporation of complementary business segments that design, manufacture, distribute and service a broad portfolio of power solutions. The company’s products range from diesel, natural gas, electric and hybrid powertrains and powertrain-related components including filtration, aftertreatment, turbochargers, fuel systems, controls systems, air handling systems, automated transmissions, electric power generation systems, batteries, electrified power systems, hydrogen generation and fuel cell products. Headquartered in Columbus, Indiana (U.S.), since its founding in 1919, Cummins employs approximately 57,825 people committed to powering a more prosperous world through three global corporate responsibility priorities critical to healthy communities: education, environment and equality of opportunity. Cummins serves its customers online, through a network of company-owned and independent distributor locations, and through thousands of dealer locations worldwide and earned about $1.8 billion on sales of $19.8 billion in 2020. See how Cummins is powering a world that’s always on by accessing news releases and more information at https://www.cummins.com/always-on.
Jon Mills
Cummins Inc.
Phone: 317-658-4540
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VANCOUVER, British Columbia--(BUSINESS WIRE)--An online dashboard developed by the Clear Seas Centre for Responsible Marine Shipping (Clear Seas) provides a comprehensive, first-of-its-kind publicly available picture of marine shipping incidents and accidents in and around Canadian waters.
“Simply put, we need to be able to look to what happened in the past to anticipate and prevent what could happen in the future,” says Paul Blomerus, Clear Seas’ Executive Director. “By learning from previous events, we’ll be able to better assess risk, and help ensure safer, more responsible marine shipping.”
To create the Marine Incidents and Accidents dashboard, Clear Seas accessed more than 140,000 reports of vessels involved in marine events, which were filtered to create a spatial dataset of cargo ships, tugboats, cruise ships and ferries involved in occurrences over a 10-year period from January 2009 to December 2018. The dashboard focuses on events involving commercial shipping, so fishing and government vessels as well as pleasure craft are not included. The dashboard and the project’s summary report are available here.
Of the 5,220 vessels involved in incidents or accidents that occurred in this period, 157 were considered serious accidents. “This relatively small number of serious incidents over the span of a decade should reassure Canadians that we have a safe maritime transportation system and robust regulations in place,” Blomerus says.
Public opinion surveys conducted for Clear Seas show that the safety of commercial marine shipping is a key concern for Canadians. This is especially true when it comes to commercial vessels carrying hazardous materials or oil as either cargo or fuel.
And the threat of pollution from an accident doesn’t just come from Canadian waters. Some of the heaviest marine shipping traffic areas such as the Salish Sea and Great Lakes include both Canadian and U.S. territory. “With changing winds and tides, disabled ships and pollution don’t respect international boundaries,” says Blomerus.
For this reason, the project team pulled together data from the Transportation Safety Board of Canada (TSBC), the U.S. Coast Guard and the U.S. National Transportation Safety Board. The creation of the dataset that forms the dashboard is an important development in collating and charting North American maritime incidents and accidents in a common format and presenting those results on a map.
Blomerus says that the power of the Clear Seas dashboard means that a range of users from a member of the public to a professional risk analyst in the marine industry can use it to understand trends and distributions in any area of interest. “We hope this will help users understand the breadth and scope of marine incidents and accidents in Canada, and in doing so contribute to a safer marine environment,” he says.
About Clear Seas
Clear Seas is a not-for-profit independent research centre funded by Canada’s provincial and federal governments as well as industry. It provides impartial information on marine shipping in Canada to policy makers and the public. Its mandate is to initiate and interpret research, analyze policies, identify best practices, share information and facilitate dialogue. The organization’s research agenda is defined internally in response to current issues, reviewed by a research advisory committee, and approved by a board of directors. All reports are available at clearseas.org.
Media:
Edward Downing
Director of Communications
(604) 408-1648 ext. 106 or cell (604) 817-3058
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~Amends Credit Facility, Adds Liquidity and Extends Term~
~Prepares for Future Growth~
CLEARWATER, Fla.--(BUSINESS WIRE)--MarineMax, Inc. (NYSE: HZO), the nation’s largest recreational boat and yacht retailer, announced today that it increased the amount, and extended the term, of its credit facility. The facility now provides MarineMax with $500 million of borrowing capacity, further increasing the Company’s liquidity and financial flexibility for future growth.
The enhanced credit facility has a three-year term expiring in July 2024, and two one-year options to renew, subject to lender approval. Borrowings under the facility are secured primarily by the Company’s inventory that is financed through the facility. Under the amendment, certain provisions of the credit facility were modified, providing additional liquidity to the Company. The Company’s sizeable real estate portfolio is not pledged under the facility.
At June 30, 2021, the Company had financial capacity of over $329 million, consisting of cash and cash equivalents, along with available borrowings under its credit facilities.
Michael H. McLamb, Executive Vice President, Chief Financial Officer and Secretary of MarineMax, Inc. stated, “Through both organic and acquisition related growth, we have significantly increased the size of MarineMax. This amendment and extension of the term of our credit facility is an important step as we look ahead and plan for the future. The lenders in our facility have been long-term partners to MarineMax and we appreciate their confidence in our strategies and management. Product demand continues to be strong, which is a testimony to the strength of the boating lifestyle.”
The agent of the facility is Wells Fargo Commercial Distribution Finance and includes the following lending partners: M&T Bank, Bank of the West and Truist Bank.
About MarineMax
MarineMax is the world’s largest recreational boat and yacht retailer, selling new and used recreational boats, yachts and related marine products and services, as well as providing yacht brokerage and charter services. MarineMax has over 100 locations worldwide, including 78 retail dealership locations, which includes 31 marinas or storage operations. Through Fraser Yachts and Northrop and Johnson, the Company also is the largest super-yacht services provider, operating locations across the globe. Cruisers Yachts, a MarineMax company, manufacturers boats and yachts with sales through our select retail dealership locations and through independent dealers. MarineMax provides finance and insurance services through wholly owned subsidiaries and operates MarineMax Vacations in Tortola, British Virgin Islands. The Company also operates Boatyard, a pioneering digital platform that enhances the boating experience. MarineMax is a New York Stock Exchange-listed company (NYSE:HZO). For more information, please visit www.marinemax.com.
Forward Looking Statement
Certain statements in this press release are forward-looking as defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include the Company's potential growth and the strength of product demand. These statements are based on current expectations, forecasts, risks, uncertainties and assumptions that may cause actual results to differ materially from expectations as of the date of this release. These risks, assumptions and uncertainties include the Company’s abilities to reduce inventory, manage expenses and accomplish its goals and strategies, the quality of the new product offerings from the Company’s manufacturing partners, the impacts (direct and indirect) of COVID-19 on the Company’s business, the Company’s employees, the Company’s manufacturing partners, and the overall economy, general economic conditions, as well as those within our industry, the level of consumer spending, the Company’s ability to integrate acquisitions into existing operations, and numerous other factors identified in the Company’s Form 10-K for the fiscal year ended September 30, 2020 and other filings with the Securities and Exchange Commission. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Michael H. McLamb
Chief Financial Officer
Media:
Abbey Heimensen
Public Relations
MarineMax, Inc.
727-531-1700
Investors:
Brad Cohen
ICR, LLC
203-682-8211
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Dawn Francfort
646-677-1859
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Gastronics relies on MPS™ sensor technology to reduce the total cost of ownership, improve worker safety, and save lives.
RENO, Nev.--(BUSINESS WIRE)--#MPS--NevadaNano, the world’s leading innovator in gas detection sensor technology, announced that Gastronics, Inc., a U.S. based gas detection manufacturer known for being a pioneer in wireless gas detection, has incorporated NevadaNano’s Molecular Property Spectrometer™ (MPS™) technology into its wired and wireless product offering.
“Gastronics, a company that is known for its vision in problem-solving solutions, recognized the unique capabilities and value our MPS flammable gas sensors bring to their customers,” said Ralph Whitten, President of NevadaNano. “Known for leveraging state-of-the-art technology, the company is setting the standard with its next-generation wired & wireless solutions using NevadaNano technology.”
The Gastronics range of products utilizing the MPS sensor greatly improves leak detection and worker safety in industries including oil and gas, chemical, tank storage facilities, pipeline, and many others. NevadaNano's MPS sensor technology, with built-in environmental compensation for temperature, pressure, and humidity, detects and quantifies 14 of the most common hydrocarbon gases with the one factory calibration, a feature referred to as TrueLEL. The MPS Gas Transmitter with the MPS sensor provides a classification of the gas type, which includes hydrogen, H2 mix, methane, light gas, medium gas, and heavy gas. It delivers accurate gas concentration readings across the full environmental range, including rapid environmental transients with best-in-class accuracy while minimizing false positives.
Bud Dungan, President of Gastronics, stated, “By integrating the MPS sensor into our product range, we can now offer our customers the most accurate combustible gas leak detection for multiple gases using just one sensor. The no field calibration requirements for the life of the MPS sensor is a very significant shift from industry practices and will be of great value for all our customers. We are proud to be the first to offer this technology in both a fixed wired and wireless product.
For more information, contact NevadaNano at This email address is being protected from spambots. You need JavaScript enabled to view it. or connect on Linkedin. For more on Gastronics, visit https://gastronics.com/mps-gas-detector/.
Phyllis Grabot, 805.341.7269
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Partnership has Committed $7.5 Million to 21 Certified Minority and Women, Design & Engineering Firms to Lift Off $1B Diversity, Equity & Inclusion Pledge
PHILADELPHIA--(BUSINESS WIRE)--Ensemble Real Estate Investments and Mosaic Development Partners (Ensemble/Mosaic) today announced it has launched its ambitious Environmental, Social & Governance (ESG) program at the Philadelphia Navy Yard, the bedrock of its plan to develop 109 acres of the campus.
“We believe our $2.6B ESG initiative to be one of the most significant commitments by any developer for any development in our country,” said Kam Babaoff, Co-Founder and Chairman of Ensemble Real Estate Solutions & Investments. “And, as part of this ambitious plan, we are committing $1B to diversity, equity and inclusion (DEI) initiatives – again, likely the largest pledge ever in our industry. Dedication to ESG, and specifically the DEI principals within it, will drive lasting positive change in this city because it will be built by Philadelphians for Philadelphians.”
PIDC, Philadelphia’s public-private economic development corporation and master developer of the Navy Yard, and Ensemble/Mosaic are partnering on the 2022 Philadelphia Navy Yard Plan Update. Ensemble/Mosaic will invest the $2.6 billion of development in the 1200-acre campus over the next two decades. The venture anticipates breaking ground on its first buildings – among them 1201 Normandy Place – in the fourth quarter of 2021.
A cornerstone of this ESG program is the partnership’s Diversity, Equity and Inclusion (DEI) strategy.
“PIDC set the tone for DEI in their request for proposal, and we felt inspired to create a plan with great scope and depth,” said Leslie Smallwood-Lewis, Principal of Mosaic, a minority-owned business enterprise. “Our DEI commitment will provide meaningful equity and capacity-building contracting opportunities for minority, women, veteran and disabled-owned business enterprises (MWVDBE) over the next two decades and we are excited to help create lasting change.”
Ensemble/Mosaic began deploying this strategy in the initial phase of development through the hiring of 21 local and national MWVDBE design and engineering firms such as Moody Nolan – the largest African American architecture firm in the nation and the “2021 AIA Firm of the Year”, Kelly Maiello and Rodriguez Consulting. Those commitments, representing approximately 50% ($7.5M) of the total allocation for design, have been made since the partnership was awarded the development rights by PIDC less than four months ago.
ESG Criteria as the North Star
ESG is a set of criteria created by an organization to guide socially responsible decisions. It includes environmental sustainability, such as impact on climate change or carbon footprint, recycling and water management; social impact through diversity, equity and inclusion (DEI), and organizational values; and governance, including partnership diversity, the auditing of DEI initiatives and representation on boards and committees.
“From the moment we committed to answering the request for proposal from PIDC, ESG has been our north star,” said Greg Reaves, Principal of Mosaic. “Every decision we make, from design to development to neighborhood creation is through the lens of our ESG strategy.”
After the naval base closure in 1996, the City of Philadelphia, PIDC and its partners envisioned the redevelopment of the space into a thriving mixed-use campus, restoring it as an economic engine for the city. Over the last two decades, the Navy Yard has successfully attracted 150 businesses employing more than 15,000 personnel to the site with new development planned to further its position as one of Philadelphia’s most unique business campuses and evolving neighborhoods.
Through its development agreement with PIDC, Ensemble/Mosaic will redevelop 109 acres of land through renovation and ground-up construction. The 20-year project includes the creation of additional offices, laboratories and clean spaces, retail, restaurants and hotels, and residential buildings, parks, greenways and amenities.
“The Navy Yard has reestablished itself as a successful platform for job creation with a focus on innovation, production, and sustainability, and I commend PIDC and Ensemble/Mosaic on their shared vision and alignment of goals, which will further spur equitable growth in Philadelphia,” said Philadelphia Mayor Jim Kenney. “This unparalleled commitment to ESG sets the new standard for socially responsible, inclusive development in Philadelphia while providing countless benefits for Philadelphians for years to come.”
Bringing Meaningful, Measurable Change
Ensemble and Mosaic formed a partnership with the objective of focusing on redeveloping the Navy Yard by creating opportunities for diverse participants in every aspect of development.
To illustrate, Babaoff and Reaves broke down some of the many ESG-focused programs in motion or development, with a particular focus on DEI, such as:
“The Navy Yard continues to be an economic engine for our region, and we are now focused on creating even more meaningful change. Ensemble/Mosaic is dedicating tremendous energy, time and financial commitment with its investment directed toward minority, women, disabled and veteran-owned companies,” said Councilmember Kenyatta Johnson, who represents the Navy Yard within the Second District. “This $1B pledge and each individual commitment will make an enormous difference to companies and individuals over the next 20 years.”
Pushing the Boundaries of Sustainability
“There is a long history of leadership around sustainability at the Philadelphia Navy Yard – from pilot programs for stormwater and autonomous shuttles to an 8MW peak-shaving battery back-up and Pennsylvania’s first community solar project, just to name a few,” said Kate McNamara, PIDC’s Senior Vice President, Navy Yard. “The campus already contains more than a dozen LEED certified buildings ranging from Certified to Double Platinum, and Ensemble/Mosaic’s commitment to sustainable development and management will continue to set the pace in our region and across the nation.”
Each Ensemble/Mosaic development project will be designed to achieve a LEED Silver or higher standard, demonstrably saving energy, water and other natural resources for the city and its residents. To carry these goals further, Ensemble/Mosaic has assembled a team of progressive design leaders, placemaking idea generators, and transportation futurists to create Philadelphia’s first LEED Certified Neighborhood Development at the Navy Yard.
LEED Neighborhood (LEED-ND) Development is a program engineered to inspire and help create better, more sustainable, well-connected neighborhoods, looking beyond the scale of buildings to consider entire communities. The Navy Yard will be one of the first of its kind designed with this new approach.
“One of the first things that really struck us as we went through the selection process for a development partner was Ensemble/Mosaic’s shared passion for the creation of an intentional and inclusive economic opportunity initiatives plan,” added McNamara. “We are excited that Ensemble/Mosaic quickly launched this plan concurrent with its development projects. This fresh approach will support the Navy Yard’s growth and positively impact generations of Philadelphia residents and businesses.”
###
Appendix 1: List of 21 MWVDBE Firms (alphabetized)
These firms are currently participating and are included in the $7.5M commitments in process.
A Squared Plus Engineering Support Group |
Ground Reconsidered |
Moody Nolan |
THA Consulting, Inc. |
||||||
CGC Geoservices, LLC |
Hampton-Clark |
Roof Meadow |
The Lighting Practice |
||||||
Coleman Consulting, LLC |
Kelly Maiello Architects |
Rodriguez Consulting LLC |
The Olin Studio |
||||||
David Mason & Assoc. |
KMJ Consulting, Inc. |
Roofmeadow |
Wilco Electric Systems LLC |
||||||
dbHMS |
Metropolitan Acoustics, LLC |
SAS Geospatial, LLC |
|
||||||
Delta-Wye Engineering LLC |
Shephard Restoration Engineers Inc. |
Appendix 2: MWBE Representation Chart
Development |
Operations |
||
Construction |
Professional Services |
||
| Minority-Owned Business Enterprises (MBE) | 35% |
30% |
35% |
| Women-Owned Business Enterprises (WBE) | 10% |
10% |
15% |
| Veteran/Disabled-Owned Business Enterprises (DBE) | 2.50% |
2.50% |
2.50% |
| Local Business Enterprises | 50% |
50% |
50% |
# # #
Visuals available upon request
Media Contacts:
Robbie Tarpley Raffish
a.s.a.p.r. 410-430-9705
Jessica Calter, PIDC, 215-496-8161
LIVONIA, Mich.--(BUSINESS WIRE)--#REPs--After years of consistently growing brand trust among their customers, trust in Texas retail electric providers (REPs) eroded in the first half of 2021 as winter storms left customers seeking support beyond standard service. The average Texas REP scored 739 on Escalent’s Brand Trust Index in the second half of 2020 thanks to the customer support REPs provided during the pandemic. In the first half of 2021, the score declined to 723 as customers were disappointed with some REPs on their support during the winter storms. These findings are from the Cogent Syndicated 2021 Texas REP Trusted Brand study, conducted by Escalent, a top human behavior and analytics advisory firm.
Escalent has measured customer trust of more than 50 Texas REPs since 2016 using the firm’s Brand Trust Index, which is a composite score of the full customer experience. While all Texas REPs perform extremely well on satisfaction with rate, billing and customer service, other factors have more impact on the brand strength and value of a REP.
Performance to customer expectations on community support, environmental stewardship, ease of doing business, being prepared for emergencies, and putting the needs of their customers first are qualities that build greater brand loyalty and customer attraction. Yet, these ratings are lower for REPs overall than service satisfaction and show clear differences between good and great REPs.
“The 2021 storms were a real test for Texas REPs in terms of how they support and relate to customers. And many providers were able to show true commitment to their customers and communities,” said Chris Oberle, senior vice president at Escalent. “In terms of brand value, the challenge for lower scoring REPs is proving why customers should want to do business with them. During the storms, customers learned which retailers deserve their business and identified the ones most trusted to provide the full value and support they expect. Our list of most trusted REPs exceeded those expectations.”
Additional findings from the study:
Escalent congratulates the following REPs on being named Most Trusted Brands among Texas REPs. These brands represent customer-focused companies that Texans can trust to exceed their expectations.
Cogent Syndicated 2021 Most Trusted Brands
|
||||
4Change Energy |
Express Energy |
|||
Alliance Power |
Green Mountain Energy |
|||
Ameripower |
TriEagle Energy |
|||
Constellation |
Xoom Energy |
|||
Below are Texas REPs ranked by Escalent’s Brand Trust Index, showing annual score change.
Texas Retail Electric Provider |
Brand Trust Index |
% Score Change From 2020 |
||||
TriEagle Energy |
797 |
8% |
||||
4Change Energy |
792 |
5% |
||||
Constellation |
785 |
12% |
||||
Express Energy |
781 |
n/a |
||||
Ameripower |
765 |
-8% |
||||
Green Mountain Energy |
759 |
-3% |
||||
Xoom Energy |
757 |
6% |
||||
Alliance Power |
756 |
-5% |
||||
|
|
|||||
Cirro Energy |
752 |
-1% |
||||
CPL Retail Energy |
749 |
4% |
||||
New Power Texas |
742 |
n/a |
||||
Acacia Energy |
739 |
-4% |
||||
Brilliant Energy |
739 |
14% |
||||
Amigo Energy |
738 |
0% |
||||
Reliant Energy |
737 |
2% |
||||
Spark Energy |
734 |
-6% |
||||
Champion Energy Services |
732 |
-4% |
||||
Ambit Energy |
729 |
4% |
||||
TXU Energy |
725 |
-1% |
||||
Direct Energy |
724 |
-1% |
||||
Stream Energy |
705 |
-2% |
||||
WTU Retail |
705 |
-6% |
||||
Entrust Energy |
703 |
11% |
||||
Gexa Energy |
694 |
1% |
||||
Just Energy |
693 |
-2% |
||||
Frontier |
676 |
-1% |
||||
First Choice Power |
674 |
-3% |
||||
Discount Power |
640 |
-8% |
||||
* Boldface Texas REPs are 2021 Most Trusted Brands |
||||||
About Texas REP Trusted Brand™
Cogent Syndicated measures Customer Engagement and Brand Trust among customers of Texas retail electric providers by surveying 4,582 customers across providers based upon data-driven models. The study measures key performance indicators (KPIs) to provide management perspectives on how to improve REP brand positioning, sales and promotion, customer trust, effective messaging, product sales, customer experiences, service quality, customer acquisition and loyalty. Escalent’s Brand Trust Index comprises nine factors: community support, customer focus, communications effectiveness, environmental dedication, local reputation, reliable quality, competitive rates, enhanced offerings, and billing and customer service. The study collects a demographically representative sample across all Texas service territories open for retail electric competition. Escalent will supply the exact wording of any survey question upon request.
About Escalent
Escalent is a top human behavior and analytics advisory firm specializing in industries facing disruption and business transformation. As catalysts of progress for more than 40 years, we transform data and insight into a profound understanding of what drives human beings. And we help businesses turn those drivers into actions that build brands, enhance customer experiences and inspire product innovation. Visit escalent.co to see how we are helping shape the brands that are reshaping the world.
Sarah Keller, 734.779.6847
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Apex Will Fund Conservation Projects Where Its Renewable Energy Projects Are Deployed, Benefiting Local Communities and Native Species
WASHINGTON & CHARLOTTESVILLE, Va.--(BUSINESS WIRE)--The National Fish and Wildlife Foundation (NFWF) and Apex Clean Energy, a leading clean energy company, today announced a new partnership to support local conservation projects across the country that benefit the communities where Apex’s utility-scale renewable energy projects are located.
For each new wind and solar project that Apex commercializes, the company will contribute $1,000 per megawatt to NFWF, which will match these funds at a level of 1:1 or more and will prioritize utilizing the dollars to fund conservation projects near the renewable energy facilities. This partnership represents the first conservation grant program of its kind in the clean energy industry.
By supporting local and regional conservation projects through existing NFWF programs, Apex will leverage the Foundation’s science-based competitive grant processes to address conservation challenges and generate lasting benefits for communities across the nation. In this way, the partnership will be able to advance conservation efforts with a speed and flexibility that is unique among the Foundation’s many public-private partnerships and that sets a new precedent for NFWF’s future partners and the clean energy industry.
“Apex’s core focus is on accelerating the shift to clean energy, but alongside that mission, it is critical for us to enhance the sustainability of the ecosystems and habitats where Apex’s projects are developed and operate,” said Mark Goodwin, president and CEO of Apex. “Partnering with NFWF expands the potential impact of our conservation grant program dramatically, enabling Apex to provide this benefit in every region that hosts one of our commercialized projects.”
“We welcome Apex as our newest corporate partner, and we are excited about the potential of this unique partnership,” said Jeff Trandahl, executive director and CEO of NFWF. “Over time, we expect that the scale and flexibility of the projects funded through this effort will help a huge variety of habitats and native species across the country, while at the same time providing direct benefits to the local communities where Apex is building renewable energy projects.”
The conservation investments made possible through this partnership will provide specific and intentional benefits for species and habitats in and near communities where Apex projects are located. In addition to providing better habitat for fish and wildlife, projects can support local economies through job creation, foster healthier environments, generate recreational and community engagement opportunities, help provide cleaner drinking water, and support carbon sequestration.
Additionally, many NFWF grants invest in local conservation organizations—both large and small—in order to accomplish on-the-ground objectives. This type of funding builds local conservation capacity, establishing long-term benefits for the community.
For additional information about NFWF conservation programs, please click here.
About Apex Clean Energy
Apex Clean Energy was founded with a singular focus: to accelerate the shift to clean energy. Through origination, construction, and operation of utility-scale wind, solar, and storage facilities, distributed energy resources, and green fuel technologies, Apex is expanding the renewable frontier across North America. Our mission-driven team of more than 250 professionals uses a data-focused approach and an unrivaled portfolio of projects to create solutions for the world’s most innovative and forward-thinking customers. For more information about how Apex is building the energy company of the future, visit apexcleanenergy.com or follow us on Facebook, Twitter, and LinkedIn.
About the National Fish and Wildlife Foundation
Chartered by Congress in 1984, the National Fish and Wildlife Foundation (NFWF) protects and restores the nation’s fish, wildlife, plants and habitats. Working with federal, corporate and individual partners, NFWF has funded more than 5,000 organizations and generated a total conservation impact of $6.8 billion. Learn more at www.nfwf.org.
Rob Blumenthal w/NFWF, 202-857-0166, This email address is being protected from spambots. You need JavaScript enabled to view it.
Cat Strumlauf w/Apex, 434-227-4196, This email address is being protected from spambots. You need JavaScript enabled to view it.
TULSA, Okla.--(BUSINESS WIRE)--Unit Corporation (OTC Pink: UNTC) (Company) announced today that its board of directors has authorized repurchasing up to $25 million of its outstanding common stock. The repurchases will be made through open market purchases, privately negotiated transactions, or other available means.
The Company also announced today that its long-term debt as of June 30, 2021 was $35 million.
Philip B. Smith, the Company’s Chairman and Chief Executive Officer, commented, “The board's approval of this stock repurchase program reflects the confidence we have in our company as well as our commitment to optimizing shareholder returns. Our improved operational performance and reduction in long-term debt provide an opportunity for the Company to return cash to shareholders in the form of stock buybacks and execute our growth strategy, including potential business acquisitions.”
Repurchases will be made from time to time at the Company’s discretion depending on market conditions, share price and availability, and other factors. The Company intends to fund repurchases from available liquidity. The Company has no obligation to repurchase any shares under the repurchase program and may suspend or discontinue it at any time without prior notice.
Any repurchased shares will be available for use in connection with its stock plans and for other corporate purposes.
About Unit Corporation
Unit Corporation is a Tulsa-based, publicly held energy company engaged through its subsidiaries in oil and gas production, contract drilling, and natural gas gathering and processing. For more information about Unit Corporation, visit its website at www.unitcorp.com.
Forward-Looking Statements
This press release has forward-looking statements within the meaning of the Private Securities Litigation Reform Act. All statements, other than statements of historical facts, included in this release that address activities, events, or developments that the Company expects, believes, or anticipates will or may occur are forward-looking statements. Several risks and uncertainties could cause actual results to differ materially from these statements, including not having enough broker dealers making a market in the Company’s stock, limited liquidity in the Company’s stock and other factors described in the Company's publicly available SEC reports. The Company assumes no obligation to update publicly such forward-looking statements, whether because of new information, future events, or otherwise.
Linda Baugher
Investor Relations
(918) 493-7700
www.unitcorp.com
NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ: NFE) (“New Fortress”) announced today that it has signed a Memorandum of Understanding (MOU) with Lakdhanavi Limited (LTL), a private company in Sri Lanka, to jointly develop a 350 MW gas-fired power plant in the Kerawalapitiya Power Complex located in Colombo, Sri Lanka.
“This partnership builds on our efforts to accelerate Sri Lanka’s transition to cleaner, cheaper energy,” said Wes Edens, Chairman and CEO of New Fortress Energy. “This development will further advance the introduction of natural gas and add additional modern power infrastructure.”
LTL was previously awarded a 20-year power purchase agreement (PPA) with the Government of Sri Lanka through a competitive tender to provide electricity to the national grid.
On July 8, New Fortress announced the signing of a Framework Agreement with the Government of Sri Lanka to build an offshore liquefied natural gas (LNG) receiving, storage and regasification terminal located off the coast of Colombo, and rights to supply gas to the existing 300 MW Yugadanavi power plant. New Fortress will utilize this same LNG terminal to also supply natural gas to this new 350 MW power plant. These two power plants total approximately 650 MW within the Kerawalapitiya Power Complex.
The MOU is non-binding on the parties, and actual terms of any future definitive agreements may differ from the terms of the MOU.
About New Fortress Energy Inc.
New Fortress Energy Inc. (NASDAQ: NFE) is a global energy infrastructure company founded to help accelerate the world’s transition to clean energy. The company funds, builds and operates natural gas infrastructure and logistics to rapidly deliver fully integrated, turnkey energy solutions that enable economic growth, enhance environmental stewardship and transform local industries and communities.
Cautionary Language Regarding Forward-Looking Statements
This communication contains forward-looking statements. All statements contained in this communication other than historical information are forward-looking statements that involve known and unknown risks and relate to future events, our future financial performance or our projected business results. In some cases, you can identify forward-looking statements by terminology such as “may,” “will,” “intends,” “expects,” “subject to,” “plans” or “anticipates” or the negative of these terms or other comparable terminology. Forward looking statements include: the joint development of a 350 MW power plant in the Kerawalapitiya Power Complex; our construction of the offshore liquefied natural gas receiving, storage, and regasification terminal; the location of the terminal off the coast of Colombo; the supply of gas to an existing 300MW power plant in the Kerawalapitiya Power Complex and the new 350 MW power plant; finalization of a 20-year PPA between the Government of Sri Lanka and LTL; and the actual terms of any future definitive agreements. Such forward-looking statements are necessarily estimates based upon current information and involve a number of risks and uncertainties. Actual events or results may differ materially from the results anticipated in these forward-looking statements as a result of a variety of factors.
Specific factors that could cause actual results to differ from those in the forward-looking statements include, but are not limited to: risks related to the approval and execution of a definitive development agreements, the ability and willingness of NFE and LDL to enter into a binding agreement on favorable terms or at all, the development, construction or commissioning schedule for the terminal and power plant may be longer than we expect, the funding of the project may not be possible on the terms we expect, we will be unable to operationalize our plans for the rights and key permits to develop the power plant and LNG terminal, and that we will not be able to provide electricity and natural gas to customers as we currently expect. These factors are not necessarily all of the important factors that could cause actual results to differ materially from those expressed in any of NFE’s forward-looking statements. Other known or unpredictable factors could also have material adverse effects on future results.
We undertake no duty to update these forward-looking statements, even though our situation may change in the future. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements included in New Fortress Energy Inc.’s annual and quarterly reports filed with the Securities and Exchange Commission, which could cause its actual results to differ materially from those contained in any forward-looking statement.
IR:
Joshua Kane
(516) 268-7455
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Media:
Jake Suski
(516) 268-7403
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Marriott Hacienda Belén installs a microgrid to reduce CO2 emissions and electricity consumption with the installation of more than 450 solar panels
BOSTON--(BUSINESS WIRE)--CPG Hospitality and Enjoy Group, owners of Costa Rica Marriott Hacienda Belén, today announced the hotel is installing a microgrid controlled, optimized, and managed by Heila Technologies, representing the first of the Marriott chain in Latin America to deploy the technology. The microgrid will allow the hotel to avoid 20.8 tons of CO2 per year, reduce electricity consumption, have energy coverage, and increase resilience against electrical outages.
A microgrid is an integrated, low-voltage energy generation and distribution system made of solar panels, storage batteries, energy inverters, and control software that manages the generation, storage, and distribution of the energy produced. Microgrids can be controlled as individual entities or operated in parallel to the public grid. Microgrids can also function independently of the grid, protecting against voltage fluctuations, power failures, or other anomalies coming from the electrical grid, thus adding an additional layer of reliability, while relying on the storage batteries.
The Costa Rica Marriott Hacienda Belén initiative stems from the company's sustainability goals and Marriott International's 360 Serve program, through which the hotel chain aims to positively impact the communities where it operates.
“Our goal with this initiative is to help the environment by reducing carbon emissions while also reducing electricity consumption. Since 2017 we have been investing in sustainability programs—a central element in improving our guest experience,” said Daniel Grew, Strategic Sustainability Advisor for CPG Hospitality.
greenenergy®, a Costa Rican-based company, will install the microgrid in alliance with the Massachusetts-based company Heila Technologies, whose control and optimization software Heila Edge® will serve as the brain of the microgrid. Heila is known for its decentralized approach to microgrid control and optimization, which is the most state-of-the-art architecture in the industry today. The Heila Edge® Platform leverages emergent intelligence that automatically connects any power asset, in any configuration, into a resilient operating grid network. Its modular and adaptive nature enables it to scale as demand needs change and the grid evolves, making it one of the most flexible products on the market today.
“Today's traveler is seeking a resort that is both comfortable and runs an environmentally-friendly operation. This microgrid deployment is part of a larger environmentally-focused initiative at Marriot, which also includes planting more trees around the country,” said Dennis Whitelaw, general manager of Costa Rica Marriott Hacienda Belén.
The investment represents an important change on how the hotel will operate on an energy level. The microgrid deployment work is expected to be completed in November, creating the most advanced control and optimization system nationwide with its decentralized control technology. Through the installation, the hotel will generate 30 indirect jobs in Costa Rica.
"At greenenergy, we are constantly evolving, researching, and innovating to offer clean energy solutions with the most advanced technology that contributes to the economic reactivation of the country, benefiting our clients in their pursuit of their triple bottom line objectives," said Fernando Ortuño, CEO of greenenergy® Costa Rica.
"Our mission is to provide smart solutions to more projects like this that are focused on energy savings and resiliency, and we are proud to have been chosen by greenenergy® as the preferred controls and software solutions provider. We will continue working together in the future to offer to other Costa Rican and regional companies the most advanced electric microgrids," added Francisco Morocz, CEO of Heila Technologies.
About Heila Technologies
Heila Technologies is an MIT-born company dedicated to simplifying the integration and operation of Distributed Energy Resources (DERs). Combining decades of deep theoretical knowledge and practical industry experience, Heila’s mission is to transform the energy industry from the ground up using DERs as the pillars of a new clean, resilient, and equitable grid. Its decentralized optimization system provides unparalleled automation and modularity, dramatically reducing system complexity and cost. The company was founded in 2015 and is based in Greentown Labs in Somerville, Massachusetts. To learn more, visit www.heilatech.com.
About greenenergy®
greenenergy® is a Costa Rican Company with more than 10 years of experience in the clean energy industry. They have installed more than 13MWp locally, the equivalent of more than 30,000 solar panels. Some of their main clients are the Caribbean Property Group, Auto Mercado, Purdy Motor, Grupo Acón, TLA, Honda, Yamaha, Vindi, and POPS, amongst others. They install and maintain on and off-grid photovoltaic solar systems, and in 2021 they started implementing micro-grids, the biggest energy trend for industries. For more information visit www.greenenergy.cr.
Emily Lospennato
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BOSTON--(BUSINESS WIRE)--Charles River Associates (NASDAQ: CRAI), a worldwide leader in providing economic, financial and management consulting services, today announced a new integrated hydrogen offering with a focus on helping clients on issues of strategy, organization, and operational issues in this critical area of energy transition to a lower carbon future, and the addition of two senior level consultants to lead this effort.
“We’re excited to welcome Rod and Tony as they join our team of experts in enhancing our existing services to help clients develop a strategic perspective on hydrogen market opportunities,” said CRA’s President and Chief Executive Officer Paul Maleh.
Rod Davies joins CRA’s Marakon practice to spearhead the firm's hydrogen offering. Rod has more than 30 years of broad energy sector experience at BP where he held senior roles in Hydrogen, gas/LNG, renewables and energy systems, including the transition to net-zero. Most recently, he led BP’s hydrogen strategy and implementation plan.
Anthony Meggs will assist CRA’s Marakon practice as a Senior Consultant with over 20 years of experience in alternative energy. Tony currently serves as the Chair of Sellafield Ltd and was previously BP’s Group Head of Technology where he led the group’s Hydrogen business development activities. He has extensive leadership experience in the energy and infrastructure sectors in both the private and public sectors. Tony also co-chaired a Massachusetts Institute of Technology study regarding the future of natural gas.
“We are excited to welcome Rod and Tony and this important new strategic advisory offer to support our clients as they navigate opportunities in hydrogen,” said Neal Kissel co-head of Marakon, CRA’s CEO Advisory Practice. “Hydrogen is destined to play a vital role in the energy transition with applications across the energy system.”
“Energy infrastructure powered by hydrogen is finally becoming a reality; the shift to a decarbonized, electrified economy means that hydrogen will take on growing importance as an energy carrier, with implications in investment, strategy, and regulatory policy. Adding additional expertise to CRA will enable us to assist clients as they face these challenging questions,” said Christopher Russo, Head of CRA’s Energy Practice.
About Marakon
Marakon specializes in corporate strategy and helping CEOs and their leadership teams achieve winning performance and stronger organizations. Marakon has been working with business leaders for more than 30 years and has built a reputation for working with a client portfolio that has consistently outperformed its peers. Its consulting teams combine deep sector experience and functional knowledge. Marakon’s approach is underpinned by value creation as the common denominator for decision making, a rigorous process based on a deep set of facts, and the assessment of alternative strategies as a mechanism to build leadership team commitment to the best path forward.
About CRA's Energy Practice
CRA’s Energy Practice blends decades of industry knowledge with world-class economic and analytical expertise. Investors, executives, and litigators from across the energy sector have turned to CRA for expert advice in hundreds of successful engagements. CRA’s expertise is grounded in a comprehensive understanding of the energy sector, including electricity and gas markets, litigation and regulatory support, market analytics and strategy, energy asset and enterprise valuation, and energy trading and risk management.
About Charles River Associates (CRA)
Charles River Associates® is a leading global consulting firm specializing in economic, financial and management consulting services. CRA advises clients on economic and financial matters pertaining to litigation and regulatory proceedings, and guides corporations through critical business strategy and performance-related issues. Since 1965, clients have engaged CRA for its unique combination of functional expertise and industry knowledge, and for its objective solutions to complex problems. Headquartered in Boston, CRA has offices throughout the world. Detailed information about Charles River Associates, a registered trade name of CRA International, Inc., is available at www.crai.com. Follow us on LinkedIn, Twitter, and Facebook.
Media Relations
CRA International
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617-425-6453
Nicholas Manganaro
Sharon Merrill Associates, Inc.
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617-542-5300
Integra’s first 100V RF GaN product, the IGN1011S3600, delivers breakthrough output power performance of 3.6 kiloWatts at 70% efficiency for next generation avionic systems
EL SEGUNDO, Calif.--(BUSINESS WIRE)--Integra, a leading provider of innovative RF and Microwave Power solutions that help make a safer and more connected world, today introduced the industry’s first 100V RF GaN/SiC technology targeting a wide-range of applications including radar, avionics, electronic warfare, industrial, scientific and medical systems. Operating at 100V, this technology shatters RF power performance barriers by achieving 3.6 kiloWatts (kW) of output power in a single GaN transistor. Integra’s 100V GaN gives designers the ability to dramatically increase system power levels and functionality while simplifying system architectures with less power combining circuitry compared to the more commonplace 50V/65V GaN technology. Customers ultimately benefit with a smaller system footprint and lower system cost.
Suja Ramnath, Integra’s President and CEO, said, “Integra’s 100V RF GaN technology signifies a major milestone in the high-power market. This innovative technology removes the barriers limiting system performance today and allows new architectures previously not possible. We are excited that this disruptive technology will enable our customers to deliver a new generation of high-performance, multi-kiloWatt RF power solutions while reducing their design cycle time and product costs.”
Dr. Mahesh Kumar, an Aerospace and Defense radar systems architect and technology executive, said, “Integra’s first to market 100V RF GaN technology will completely redefine what’s possible for high power RF systems.” By delivering approximately two times the power compared to a 50V GaN transistor in a single package, it will eliminate a significant number of combiners and associated electronic circuitry, resulting in lower system volume, weight and cost, and higher system efficiency.
Integra’s first 100V RF GaN product is the IGN1011S3600, designed specifically for avionics applications. The IGN1011S3600 delivers an industry leading 3.6 kW of output power with 19dB of gain and 70% efficiency. The IGN1011S3600, based on Integra’s 100V RF GaN, is a compelling solution for programs that require size, weight, power and cost (SWAP-C) improvements. The IGN1011S3600 100V RF GaN/SiC is available for sampling to qualified customers.
Part Number |
IGN1011S3600 |
Frequency Range |
1030-1090 MHz |
Output Power |
3600W |
Efficiency |
70% |
Large Signal Gain |
19 dB |
Drain Bias |
100V |
ABOUT INTEGRA TECHNOLOGIES, INC.
Founded in 1997, Integra is a leading innovator of RF and Microwave high power semiconductor and amplifier pallet solutions for mission-critical applications, including state-of-the-art radar, electronic warfare, and advanced communications systems. For more information visit www.integratech.com.
Angie Callau
Integra Technologies Inc
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310-606-0855 x141
Recent Strategic Hiring and Promotions Align with the Firm’s Commitment to Providing Capital Solutions for Innovative and Sustainable Infrastructure Businesses in North American Middle Markets
NEW YORK & HOUSTON--(BUSINESS WIRE)--Orion Energy Partners (“Orion” or the “Firm”), a provider of credit and equity capital solutions supporting energy transition and environmental innovation in infrastructure, today announced the promotion of two partners and other key team members, as well as several new additions to the Firm’s senior leadership, investment, and value optimization teams. On the strength of the Firm’s recently announced final close of a $1.1 billion infrastructure credit fund (Orion Energy Credit Opportunities Fund III) and following significant deal momentum of 18 previously transacted deals in Fund II, these five new leadership appointments reinforce Orion’s market position and growing presence as a leading infrastructure investor in North American middle markets.
The Orion origin story has a rich history, underpinned by a team of individuals with deep-rooted experience as investors, operators, owners, and entrepreneurs in energy, infrastructure, and sustainability sectors. Of the 31 current team members, which include 22 dedicated investment professionals, 15 members of the Orion team have previously worked together in roles at Goldman Sachs and K Road Power, many connections dating back to the early 2000’s.
“Orion’s success is anchored by our highly motivated, experienced and diverse team. We have worked passionately since our founding in 2015 to build out our organizational culture on a foundation of trust, shared values and aligned incentive structures,” said Nazar Massouh, CEO and Co-Managing Partner. “We have always believed that creating career advancement pathways for our high performers is an essential aspect of attracting and retaining the top talent in the industry.”
Orion’s two new partners, Mark Friedland and Karen Vejseli, were promoted from within to recognize their strong leadership qualities and invaluable contributions to the Firm. Karen and Mark have been an integral part of Orion’s success since 2015. In parallel, Rob Rusk, Co-Founder and Partner, who helped grow the organization into what it is today, has decided to transition from Orion’s full-time Partner ranks to the part-time role of Senior Advisory Board Chairman, allowing him to pursue commitments to several philanthropic and other community endeavors.
“Orion’s strategy and ability to stay ahead of the curve by originating our own investments through creative yet disciplined processes, has been one of the biggest drivers of our success,” said Mark Friedland, Partner & Chief Legal and Compliance Officer. “We aim to empower each member of the team to take ownership of investment initiatives and I look forward to continuing this tradition in my new role.”
Karen Vejseli, Partner & Group CFO, added, “Orion’s focus on institutional protocols combined with an entrepreneurial mindset creates a unique opportunity for agile and forward-looking investing. Focusing on innovation and value optimization in our portfolio has been a key advantage and differentiator for Orion over the years.”
Joining Vejseli and Friedland on Orion’s leadership team are Jeremy Glick, Chrissy Benson, and Bethany Gorham. These senior hires are stepping into roles that enable them to make a long-lasting impact, leveraging private capital as a tool for driving forward energy transition and environmental innovation in infrastructure, with a goal of promoting and supporting a sustainable economy for generations to come.
Orion is growing at a rapid pace, with several additional new hires, as well as team promotions in Houston and New York made within the past few months.
Team Additions:
Recent Promotions:
About Orion Energy Partners
Based in New York and Houston, Orion is a leading private credit and equity capital provider supporting middle market infrastructure and related companies focused on energy transition and environmental innovation, with firmwide assets under management of more than $2.5 billion. Orion provides a range of creative capital solutions as an alternative to conventional equity investments and traditional loans. The Firm’s target investment sectors include energy efficiency, digital infrastructure, sustainable power generation, renewable fuels, waste & recycling, water, transportation and midstream. Orion manages long-term, committed capital across multiple investment funds, allowing Orion’s team to forge transformational relationships across a diverse group of companies and to be patient and supportive as these organizations execute on their business plans. For more information, please visit www.OrionEnergyPartners.com.
Bethany Gorham
+1 (212) 292-0968
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HOUSTON--(BUSINESS WIRE)--Houston-based technology development firm XR Team LLC has announced the naming of a proactive advisory board. The board members are Pat Murray, Gordon Hall, and Paul Deere. The board will be available to advise the firm on growth strategies, ESG goals, and avenues into industrial partnerships. Biographies of the new board members are available at XRteam.com.
Edward Spatz, CEO of XR Team, indicates, “We greatly appreciate the support provided by the members of this advisory board who are bringing years of global expertise and a wide breadth of successes to our endeavors.” Speaking of the firm’s DiaGlide bearing advancements, advisory board member Gordon Hall stated, “I believe that the low friction, lubrication optionality, and energy efficiency of DiaGlide technologies present multi-industry opportunities.” JD Woodward, Chairman of XR Team, added, “The broad scale potential for positive environmental impact coupled with the efficiencies of the Green Tribology character of DiaGlide and the anticipated longer service life and performance gains in many different applications separates these innovations from incremental or single application specific product developments.”
The company has also announced that the XRTeam.com website has been significantly expanded with a new focus on the firm’s bearing technologies. Under development since 2018, DiaGlide innovations offer attractive alternatives to traditional radial and thrust bearings, cam followers, transfer ball assemblies, and drive lines. The technology has seen extensive lab and field testing. DiaGlide is the subject of numerous US patents and US and international patent applications. XR Team is developing field of use licensing arrangements across the spectrum of industrial applications. Mike Reese, COO at XR Team discussed the new website: “With the new XRTeam.com website we have highlighted our DiaGlide innovations. We believe the new content will generate significant industrial interest in our expanding technologies as well as the additional features possible through the design enabling versatility.”
XR Team LLC is a multi-faceted innovation research and development enterprise based in Houston, Texas. Founded in 2015 the firm has developed pioneering technologies applicable to directional and horizontal drilling. Beginning in 2018 the firm extended its efforts into multi-industry bearing technology with the development of DiaGlide hybrid diamond bearing technologies. XR Team LLC and its subsidiaries are registered in Texas. Information on the enterprise can be found at XRTeam.com
Brandi Sherman
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Collaboration Transforms the Energy Value Chain to Utilities and Their Customers
LIBERTY LAKE, Wash.--(BUSINESS WIRE)--#DI--Itron, Inc. (NASDAQ: ITRI), which is innovating the way utilities and cities manage energy and water, today announced Grid4C’s Grid Edge AI application is now a part of Itron’s expanding ecosystem of distributed intelligence (DI) applications. Grid4C has successfully installed its Grid Edge AI app in Itron’s Raleigh DI Lab and it will be available via the Itron Enterprise Application Center later this year. Grid4C’s app will deliver predictive insights to utilities to better balance supply and demand, offer new products and services, optimize distributed energy resources (DER) and increase customer engagement. Itron’s DI platform enables new use cases based on aggregated computing and distributed decision-making at the grid edge with high data fidelity.
The Grid4C DI app helps utilities better plan and enable energy efficiency and sustainability goals while engaging with consumers in reducing peak loads. It utilizes AI-powered algorithms on Itron’s secure, open-standards platform to determine appliance fault and inefficiencies predictions, detection and diagnostics; appliance load disaggregation; anomaly detection; meter load forecasting; and other insights. The intelligence provided through the Grid4C Grid Edge AI app can be utilized by any customer engagement channel to help provide timely energy insights and notifications. This intelligence can also be consumed by utility applications to help optimize grid resources. Grid4C utilized Itron’s Software Development Kit (SDK) for distributed intelligence to integrate its Edge AI app into the Itron Enterprise Application Center.
“By embedding the most advanced machine learning insights directly into Itron’s robust, high-performance IIoT network, we help utilities plan and optimize distributed energy resources in real time at the edge of the grid, preventing faults both on the grid side and on the consumer side and helping consumers better manage their energy. By joining Itron’s DI partner ecosystem, we will bring added value to Itron's customers and the communities they serve,” said Dr. Noa Ruschin-Rimini, founder & CEO of Grid4C.
“Our collaboration with Grid4C is a great example of the power of a secure, open ecosystem and how we are expanding our utility customers’ choice when it comes to engaging with their customers. Our DI vision is enabled through an open and vibrant ecosystem of solution providers, which creates more opportunity for the consumer to capture the value of shifts in technology. With very accurate high fidelity data, developers can create applications that weren't possible before,” said Don Reeves, senior vice president, Outcomes at Itron. “We are excited about how Grid4C is taking advantage of the capabilities of our DI platform and the opportunity to make their solution available to our customers through our Itron Enterprise Application Center. This application will enable consumers and utilities to take advantage of energy insights and optimize grid operations.”
Itron’s robust distributed intelligence platform allows innovators to build open, interoperable, value-driven applications on Itron’s secure platform that evolve with market and consumer demands. The DI development program enables an ecosystem of third-party developers to ensure a greater selection of applications to meet utility needs today and into the future. These applications are available via the Itron Enterprise Application Center, which features an increasingly diverse portfolio of Itron and third-party applications that connect to Itron's industry-leading, IoT-based network. The Itron Enterprise Application Center is the operational backbone for our utility customers to manage applications for customers via a private, secure web portal.
About Grid4C
Selected as a leader in AI solutions for the energy industry by Greentech Media and Navigant Research, Grid4C empowers energy providers and consumers by enabling the power to foresee, leveraging advanced Machine Learning capabilities to deliver accurate, granular predictions, which are crucial for tackling the rising challenges of today's energy industry. Grid4C's plug-and-play solutions analyze the massive amounts of sub-hourly data collected from millions of smart meters and IoT data, and together with customer data, pricing information and more, delivers new revenue streams, enhances customer value, improves the efficiency of energy operations, and maximizes profit. Its portfolio consists of Predictive Home Advisor, which includes non-intrusive household appliance fault prediction and load disaggregation capabilities, Predictive Operational Analytics, enabling better decisions for coordination of distributed energy resources with meter, sub-meter, and asset-level forecasting, Predictive Customer Analytics, which targets and predicts adoption of new rate plans and utility programs, and more.
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.
Alison Mallahan
Senior Manager, Corporate Communications
509-891-3802
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WASHINGTON--(BUSINESS WIRE)--Second paragraph, fourth sentence should read: Power futures open interest also set a new record at the end of June with 1.092 Billion MWh (equivalent to the electricity consumption of over 102,500,000 U.S. households for a year).
The updated release reads:
NODAL EXCHANGE NAMED EXCHANGE OF THE YEAR BY ENERGY RISK FOR THIRD YEAR IN A ROW
Nodal Exchange has been named 2021 Exchange of the Year by Energy Risk magazine. The global Energy Risk Awards recognize excellence in energy risk management across the entire supply chain, from producers to traders and consumers, and all firms in between that facilitate risk management.
Nodal Exchange continues to improve its strong position in the North American power futures markets and currently has the majority of the market open interest. Nodal achieved record half year power futures volume as of June 30, 2021 with 1.069 billion MWh traded. Traded volume in June 2021 was 175 TWh, up 51% from the prior year and setting a new calendar month record. Power futures open interest also set a new record at the end of June with 1.092 Billion MWh (equivalent to the electricity consumption of over 102,500,000 U.S. households for a year).
Nodal Exchange also grew its environmental futures volume 156% in Q2 2021 over Q2 2020 with 48,528 lots traded, working with its collaborator IncubEx. Environmental futures open interest at the end of June 2021 was at 133,121 lots, up 85% from the prior year. Nodal, which is particularly strong in Renewable Energy Credits (RECs), saw volumes in Q2 across the 56 REC futures and options contracts on Nodal rise to 39,862 contracts, up 154% from 15,713 in Q2 2020 and open interest across the REC suite rise to 125,214 contracts, up 118% from 57,398 in Q2 2020.
“Nodal Exchange is honored to receive the Exchange of the Year award from Energy Risk for the third year in a row and fifth time overall,” said Paul Cusenza, Chairman and CEO of Nodal Exchange. “We are grateful for the support of our entire trading and clearing community without which this achievement would not have been possible, and we are pleased that Energy Risk has recognized our success.”
About Nodal
Nodal Exchange is a derivatives exchange providing price, credit and liquidity risk management solutions to participants in the North American commodities markets. Nodal Exchange is a leader in innovation, having introduced the world’s largest set of electric power locational (nodal) futures contracts. As part of EEX Group, a group of companies serving international commodity markets, Nodal Exchange currently offers over 1,000 contracts on hundreds of unique locations, providing the most effective basis risk management available to market participants. In addition, Nodal Exchange offers natural gas and, environmental contracts. All Nodal Exchange contracts are cleared by Nodal Clear which is a CFTC registered derivatives clearing organization. Nodal Exchange is a designated contract market regulated by the CFTC.
Nodal Exchange Public Relations
Nicole Ricard
Phone : 703-962-9816
E-mail : This email address is being protected from spambots. You need JavaScript enabled to view it.
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