BOSTON--(BUSINESS WIRE)--#LifeIsOn--Schneider Electric, the leader in digital transformation of energy management and automation, today announced that it has been recognized by Microsoft as the company’s 2021 Sustainability Changemaker Partner of the Year Award winner. The award recognizes the impact Schneider has had helping its customers set and achieve decarbonization goals using its flagship EcoStruxure™ software solutions, which are underpinned by Microsoft technologies.
For the period from 2018-2020, Schneider Electric helped its customers save 134 million tons of CO2 emissions, now reaching 276 million tons saved by the end of the first quarter of 2021. The Group was named the world’s most sustainable corporation by Corporate Knights in February, helping companies to bridge the gap between setting climate change ambitions and achieving them. Using its EcoStruxure™ portfolio of solutions, which are powered by the most advanced evolution of Microsoft Azure, Schneider helps organizations set, achieve, measure and report on science-based decarbonization targets, while positively impacting their bottom line.
“Winning the 2021 Microsoft Sustainability Changemaker Partner of the Year Award is great recognition of the work we are doing together to tackle climate change. This is a highly valued relationship, and going forward, we will work on the on the implementation of a new co-innovate and co-sell solution named EcoStruxure™ Traceability Advisor. This solution will help our mutual customers connect the vast amount of data across their value chain to build a 360-degree resilient and traceable supply chain,” said Philippe Delorme, Executive Vice-President, Energy Management at Schneider Electric. “As the world’s most sustainable company by Corporate Knights, we know that the future is green, smart, people-centric, and powered by renewable energy, and we are humbled that our mission is shared by our partners, as we continue to expand our product offering and strengthen our 30-year relationship with Microsoft to build a sustainable future together.”
Customers Schneider Electric has helped, together with Microsoft, include JLL, one of the world’s largest owners of real estate. JLL has set bold commitments to reduce its carbon footprint and obtain actionable energy and sustainability data across its investment portfolio.
Darren Battle, JLL’s Asia-Pacific Head of Corporate Real Estate and Workplace says: “Thanks to Schneider’s EcoStruxure™ for Real Estate solution, JLL’s new Asia-Pacific headquarters in Singapore uses smart IoT technologies to support the company’s ambitions of creating the workplace of the future. This solution helps JLL improve the well-being of the occupants of the building, reduce energy use by 30%, and increase overall building value in a completely sustainable way.”
With this award, Schneider Electric was also recognized by Microsoft for developing a comprehensive energy management and sustainability strategy for Blackstone, one of the world’s largest private equity firms. Schneider Electric implemented its flagship ESG software solution, EcoStruxure™ Resource Advisor, to capture and normalize energy and utility data at all levels of Blackstone’s portfolio, from individual sites to regional cross sections.
Data from Resource Advisor allows Blackstone to negotiate contracts with utilities and other suppliers, getting the right source of energy at the lowest possible rates. The data is also used to develop sector-specific scorecards, which are automatically updated to drive program participation across critical KPIs. This has helped Blackstone to save tens of millions of dollars on its energy consumption from sustainability efforts and strategic energy sourcing. In September 2020, Blackstone set a goal of reducing carbon emissions by 15% within the first three years of buying any asset or company across its portfolio. Solutions from Schneider Electric are a key component of Blackstone’s success in achieving this goal.
With more than 15 years of sustainability leadership, Schneider Electric has also committed to achieve net zero across the entirety of its value chain by 2050, and, earlier this year, implemented its Zero Carbon Project, an ambitious new program designed to help its top 1,000 suppliers reduce their emissions 50% by 2025.
Find out more about the Microsoft Partner of the Year Award HERE.
About Schneider Electric
Schneider’s purpose is to empower all to make the most of our energy and resources, bridging progress and sustainability for all. We call this Life Is On.
Our mission is to be your digital partner for Sustainability and Efficiency.
We drive digital transformation by integrating world-leading process and energy technologies, end-point to cloud connecting products, controls, software and services, across the entire lifecycle, enabling integrated company management, for homes, buildings, data centers, infrastructure and industries.
We are the most local of global companies. We are advocates of open standards and partnership ecosystems that are passionate about our shared Meaningful Purpose, Inclusive and Empowered values.
Follow us on: Twitter | Facebook | LinkedIn | YouTube | Instagram | Blog
Hashtags: #LifeIsOn #Sustainability #MSInspire #MSPartner #PartnersMakeMorePossible
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Schneider Electric
Thomas Eck
917-797-4974
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www.se.com
NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ: NFE) (“New Fortress”) announced today that it has signed a Framework Agreement (the “Agreement”) with the Government of Sri Lanka to construct a new offshore liquefied natural gas (LNG) receiving, storage and regasification terminal (the “Terminal”). The Terminal will be located off the coast of Colombo to supply gas to the country’s power plants, primarily located in the Kerawalapitiya Power Complex.
The Kerawalapitiya Power Complex consists of 300 MW in operation today and is ultimately expected to grow to over 1,000 MW by 2025.
As part of the Agreement, New Fortress will supply natural gas to the existing 300 MW Yugadanavi Power Plant and is negotiating the purchase of the Government’s 40% stake in the company that owns the power plant. This power plant is currently under a long-term power purchase agreement (PPA) to provide electricity to the national grid that extends through 2035. The plant consists of General Electric turbines and was configured to run on natural gas in combined cycle.
“We are excited to support the transition of Sri Lanka to clean, reliable and affordable energy,” said Wes Edens, Chairman and CEO of New Fortress Energy. “This investment in Sri Lanka’s first LNG terminal will advance the country’s clean energy transition and support sustainable development for this vibrant economy. This is the first of what we think will be a number of investments in power and infrastructure in the country.”
This Terminal will introduce natural gas to the country of Sri Lanka for the first time and will assist the transition to lower-carbon energy sources.
According to the Sri Lankan authorities, NFE’s investments are in line with the Government policy of accelerating the transition to cleaner and cheaper energy sources and signify that the Country is open to investments and business.
As part of the Agreement, the Government will facilitate the obtainment of necessary permits and entitlements by New Fortress to construct the LNG terminal. The Terminal is expected to begin operations by the second half of 2022.
This investment in Sri Lanka, a diverse and vibrant island nation with over 21 million people, represents New Fortress’ first LNG terminal in Asia.
The purchase of the Government’s interest in the company owning the power plant is subject to final documentation and the parties will work together to finalize their commercial agreements. New Fortress signed the Agreement with the Secretary to the Treasury and the Ministry of Finance.
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: our construction of the offshore terminal; the location of the terminal off the coast of Colombo; the expected growth of the Kerawalapitiya Power Complex to over 1,000 MW by 2025; we will supply gas to the power plant; our purchase of the Government’s 40% stake in the company that owns the 300 MW Yugadanavi Power Plant; our thoughts regarding the number of investments in power and infrastructure in the country; the terminal will introduce natural gas to Sri Lanka and assist the transition to lower-carbon energy sources; the Government will facilitate the obtainment of permits and entitlements necessary to construct the LNG terminal; and the terminal is expected to begin operation by the second half of 2022. 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 sales and purchase agreement, the development, construction or commissioning schedule 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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Jake Suski
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HOUSTON--(BUSINESS WIRE)--Enterprise Products Partners L.P. (NYSE: EPD) (“Enterprise”) announced today that the board of directors of its general partner declared the quarterly cash distribution paid to limited partners holding Enterprise common units with respect to the second quarter of 2021 of $0.45 per unit, or $1.80 per unit on an annualized basis.
The quarterly distribution will be paid Thursday, August 12, 2021, to unitholders of record as of the close of business Friday, July 30, 2021. This distribution represents a 1.1 percent increase over the distribution declared with respect to the second quarter of 2020.
Enterprise will announce its earnings for the second quarter of 2021 on Wednesday, July 28, 2021, before the New York Stock Exchange opens for trading. Following the announcement, the partnership will host a conference call at 9 a.m. CT with analysts and investors to discuss earnings. The call will be webcast live on the Internet and may be accessed through the “Investors” section of the partnership’s website at www.enterpriseproducts.com. A replay of the webcast will be available for one week following the conference call and may be accessed approximately one hour after completion of the call.
Enterprise Products Partners L.P. is one of the largest publicly traded partnerships and a leading North American provider of midstream energy services to producers and consumers of natural gas, NGLs, crude oil, refined products and petrochemicals. Our services include: natural gas gathering, treating, processing, transportation and storage; NGL transportation, fractionation, storage and import and export terminals; crude oil gathering, transportation, storage and terminals; petrochemical and refined products transportation, storage and terminals; and a marine transportation business that operates primarily on the United States inland and Intracoastal Waterway systems. The partnership’s assets currently include approximately 50,000 miles of pipelines; 260 million barrels of storage capacity for NGLs, crude oil, petrochemicals and refined products; and 14 billion cubic feet of natural gas storage capacity.
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 Enterprise’s distributions to non-U.S. investors as being attributable to income that is effectively connected with a United States trade or business. Accordingly, Enterprise’s distributions to non-U.S. investors are subject to federal income tax withholding at the highest applicable effective tax rate.
This press release includes “forward-looking statements” as defined by the Securities and Exchange Commission. All statements, other than statements of historical fact, included herein that address activities, events, developments or transactions that Enterprise and its general partner expect, believe or anticipate will or may occur in the future are forward-looking statements. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from expectations, including required approvals by regulatory agencies, the possibility that the anticipated benefits from such activities, events, developments or transactions cannot be fully realized, the possibility that costs or difficulties related thereto will be greater than expected, the impact of competition, and other risk factors included in Enterprise’s reports filed with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates. Except as required by law, Enterprise does not intend to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise.
Randy Burkhalter, Investor Relations, (713) 381-6812 or (866) 230-0745
Rick Rainey, Media Relations (713) 381-3635
PORTLAND, Ore.--(BUSINESS WIRE)--The Board of Directors of Northwest Natural Holding Company (NYSE: NWN) has declared a quarterly dividend of 48 cents per share on the Company's common stock.
The dividend will be paid on August 13, 2021 to shareholders of record on July 30, 2021. The Company's indicated annual dividend rate is $1.92 per share.
About NW Natural Holdings
Northwest Natural Holding Company, (NYSE: NWN) (NW Natural Holdings), is headquartered in Portland, Oregon and has been doing business for more than 160 years. It owns Northwest Natural Gas Company (NW Natural), NW Natural Water Company (NW Natural Water), and other business interests.
NW Natural is a local distribution company that currently provides natural gas service to approximately 2.5 million people in more than 140 communities through more than 770,000 meters in Oregon and Southwest Washington with one of the most modern pipeline systems in the nation. NW Natural consistently leads the industry with high J.D. Power & Associates customer satisfaction scores. NW Natural owns and operates 20 Bcf of underground gas storage capacity in Oregon.
NW Natural Water provides water distribution and wastewater services to communities throughout the Pacific Northwest and Texas. NW Natural Water currently serves approximately 63,000 people through about 26,000 connections. Learn more about our water business at nwnaturalwater.com.
Additional information is available at nwnaturalholdings.com.
Investor Contact: Nikki Sparley
Phone: 503-721-2530
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New program by renewable energy retailer rewards Texas customers with cash in exchange for conserving energy during times of peak energy usage
HOUSTON--(BUSINESS WIRE)--Renewable energy retailer Octopus Energy today announced the launch of its first-ever Superpower Savings program to financially reward its Texas customers who conserve energy during times of extreme heat. The goal of the program is to decrease overall stress on the grid during peak demand events. Users can opt-in to the program through this link: https://octopus.typeform.com/to/mfSdrARN.
Customers with an EcoBee thermostat can benefit from Superpower Savings by allowing Octopus Energy to control their smart thermostat and automatically set it at an 80 degree threshold the next time the grid is hitting load capacity. In return, users will receive a credit on their next bill statement for helping to conserve energy during peak times. Customers without a smart thermostat can also participate by opting to receive a notification for the next Superpower Savings event and texting Octopus Energy their account number and a picture of their thermostat set to at least 80 degrees to receive a reward. Octopus Energy’s Superpower Savings program will soon be integrated with other smart thermostats.
“With a rapidly growing population, extreme weather events like Winter Storm Uri and the major heat waves we are already seeing this summer pose a threat to our overburdened electrical grid. What most consumers don’t know, however, is that by raising the temperature of your thermostat just a few degrees, you can help decrease overall stress on the grid and reduce the chance of rolling blackouts during extreme weather. Texans have historically always lent a helping hand. This is the modern equivalent of helping your neighbor, while also getting money back,” said Michael Lee, CEO of Octopus Energy U.S. “Octopus Energy’s Superpower Savings program aims to give our customers the financial benefits when they are conserving energy at critical points in time.”
With weather extremes reaching new heights across the globe, the vulnerability of the current power system is becoming increasingly apparent. In preparation for the record-breaking hot summer and high energy usage that come with it, Octopus Energy created Superpower Savings as a way to engage Texans to help the state conserve energy during extreme weather and avoid a grid reliability issue.
In addition to the Superpower Savings program, Octopus Energy gives customers full wholesale power credits when they sell back to the grid. That means those customers who have solar or generators at home can support the stability of the grid while also putting cash back in their pockets.
To participate in the next Superpower Savings event, users can opt-in at https://octopus.typeform.com/to/mfSdrARN or reach out to This email address is being protected from spambots. You need JavaScript enabled to view it. with any questions.
About Octopus Energy
Octopus Energy Group is a technology-driven, renewable energy retailer, directly supplying over 2 million customers globally with 100% green electricity at a cheaper price and with a focus on incredible customer service. Founded five years ago as a global energy retailer, Octopus Energy entered the U.S. market in 2020, forming Octopus Energy U.S. and fueling the company’s global expansion. Octopus Energy is valued at over $2 billion and is one of energy-tech’s fastest-growing private companies. To learn more, visit: www.octopusenergy.com
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Pakelody Cheam
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Operator’s Flex Alert Requests Voluntary Conservation from 4 p.m. to 9 p.m. Friday
You Can Take Simple Actions to Reduce the Strain on the Power Supply
SAN FRANCISCO--(BUSINESS WIRE)--With extreme temperatures forecast across much of California on Friday (July 9), the state’s grid operator is asking residents to voluntarily conserve electricity tomorrow afternoon and evening to help ease the strain on the grid during crucial evening hours when solar energy is diminished or no longer available.
The Flex Alert, called by the California Independent System Operator (CAISO), was issued Thursday and will be in effect on Friday from 4 p.m. to 9 p.m. The grid operator is forecasting an higher electric load, and energy supply forecasted to be tighter than expected on Friday., primarily from heavy air-conditioning use due to the heat.
The National Weather Service has issued excessive heat warnings through the weekend for many regions within PG&E’s service territory. The grid operator’s statewide Flex Alert for Friday asks all Californians to work together and conserve.
The grid operator noted that when Flex Alerts were called in mid-June and during last summer’s regional heat wave in August and September, consumers answered the call and collectively made a significant reduction in their energy use. That allowed grid operators to avoid or limit possible rotating power outages that can become necessary when demand for electricity outstrips capacity.
Saving Energy at Home
Here are five ways Pacific Gas and Electric Company (PG&E) customers can cut their power use and help keep the lights (and air conditioning) on for everyone:
Saving Energy at Your Office or Business
If you’re working in an office setting, CAISO recommends the following:
PG&E’s Demand Response programs offer incentives for business owners and residential customers who curtail their energy use during times of peak demand. PG&E has several of these programs, totaling about 261,000 enrolled PG&E customers.
PG&E’s website includes detailed information on these programs, which allow residential customers and business customers to save energy and money.
Customers can actively help by shifting energy use to morning and nighttime hours. Conservation can lower demand and reduce the duration of possible power interruptions.
PG&E’s in-house meteorologists say a significant heat wave will develop primarily across California’s interior beginning Friday, as high pressure builds over the region. Meteorologists forecast that the most pronounced extreme heat will occur in the Central Valley and other inland valleys, where highs could reach 105 degrees to 114 degrees.
PG&E is prepared for this extreme heat and, based on forecasts, doesn’t anticipate issues meeting increased demand for power.
Also, at this time, the grid operator has not indicated that it plans to call for rotating outages. PG&E does not project a need for a Public Safety Power Shutoff due to this weather, but the company’s meteorology team will continuously monitor conditions.
PG&E also urges customers to stay safe during this heat wave. The company funds cooling centers throughout its service area to help customers escape the heat and cool off. To find a center near you click here or call 1-877-474-3266.
About PG&E
Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is a combined natural gas and electric utility serving more than 16 million people across 70,000 square miles in Northern and Central California. For more information, visit pge.com and pge.com/news.
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415-973-5930
PARIS--(BUSINESS WIRE)--Regulatory News:
Technip Energies (Paris:TE) (ISIN:NL0014559478), a leading Engineering & Technology company for the energy transition, announces today the implementation of a liquidity agreement with Kepler Cheuvreux to enhance the liquidity of Technip Energies’ shares admitted to trading on Euronext Paris.
The implementation of this liquidity agreement, pursuant to the authorization granted by Technip Energies’ Board of Directors dated April 20, 2021, will be carried out in accordance within the legal framework in force, and more particularly within the provisions of Regulation (EU) No. 596/2014 of the European Parliament and of the Council of April 16, 2014 on market abuse (MAR), Commission Delegated Regulation (EU) 2016/908 of February 26, 2016 supplementing Regulation (EU) No. 596/2014 of the European Parliament and of the Council with regulatory technical standards on the criteria, procedure and requirements for the establishment of an admitted market practice and the requirements for maintaining, discontinuing or modifying its conditions of admission, Section 2.4.3 of the Dutch Civil Code and AMF decision no. 2021-01 of June 22, 2021, applicable as of July 1, 2021.
The following cash resources have been allocated to the liquidity account: 9,000,000 euros.
The execution of the liquidity contract may be suspended under the conditions set out in Article 5 of AMF Decision no. 2021-01 of 22 June 2021.
The execution of the liquidity agreement may also be suspended by:
- Technip Energies, in the event that Kepler Cheuvreux has not made reasonable efforts to fulfill its obligations regarding the liquidity of transactions and the regularity of quotations;
- Technip Energies, for technical reasons such as to enable the voting rights attached to shares to be counted before a general meeting or the dividend rights attached to shares to be counted before the dividend is paid;
- Kepler Cheuvreux, if the information brought to its attention makes it impossible for it to continue to meet its obligations; and
- Kepler Cheuvreux, if the amounts due to Kepler Cheuvreux under the liquidity agreement have not been paid by the settlement date indicated on the invoice associated with the liquidity agreement.
The liquidity contract may be terminated:
- at any time by Technip Energies, without notice;
- at any time by Kepler Cheuvreux, subject to thirty (30) calendar days' notice; and
- without notice and without formality if the shares are transferred to another stock market.
About Technip Energies
Technip Energies is a leading Engineering & Technology company for the Energy Transition, with leadership positions in LNG, hydrogen and ethylene as well as growing market positions in blue and green hydrogen, sustainable chemistry and CO2 management. The Company benefits from its robust project delivery model supported by an extensive technology, products and services offering.
Operating in 34 countries, our 15,000 people are fully committed to bringing our clients’ innovative projects to life, breaking boundaries to accelerate the energy transition for a better tomorrow.
Technip Energies shares are listed on Euronext Paris. In addition, Technip Energies has a Level 1 sponsored American Depositary Receipts (“ADR”) program, with its ADRs trading over-the-counter.
Forward-looking statements
This release contains “forward-looking statements” as defined in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. Forward-looking statements usually relate to future events and anticipated revenues, earnings, cash flows or other aspects of Technip Energies’ operations or operating results. Forward-looking statements are often identified by the words “believe”, “expect”, “anticipate”, “plan”, “intend”, “foresee”, “should”, “would”, “could”, “may”, “estimate”, “outlook”, and similar expressions, including the negative thereof. The absence of these words, however, does not mean that the statements are not forward-looking. These forward-looking statements are based on Technip Energies’ current expectations, beliefs and assumptions concerning future developments and business conditions and their potential effect on Technip Energies. While Technip Energies believes that these forward-looking statements are reasonable as and when made, there can be no assurance that future developments affecting Technip Energies will be those that Technip Energies anticipates.
All of Technip Energies’ forward-looking statements involve risks and uncertainties (some of which are significant or beyond Technip Energies’ control) and assumptions that could cause actual results to differ materially from Technip Energies’ historical experience and Technip Energies’ present expectations or projections. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those set forth in the forward-looking statements.
For information regarding known material factors that could cause actual results to differ from projected results, please see Technip Energies’ risk factors set forth in Technip Energies’ filings with the U.S. Securities and Exchange Commission, which include amendment no. 4 to Technip Energies’ registration statement on Form F-1 filed on February 11, 2021.
Forward-looking statements involve inherent risks and uncertainties and speak only as of the date they are made. Technip Energies undertakes no duty to and will not necessarily update any of the forward-looking statements in light of new information or future events, except to the extent required by applicable law.
Investor Relations
Phillip Lindsay
Vice President, Investor Relations
Tel: +44 20 3429 3929
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Media Relations
Stella Fumey
Director Press Relations & Digital Communications
Tel: +33 1 85 67 40 95
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HOUSTON--(BUSINESS WIRE)--Genesis Energy, L.P. (NYSE: GEL) announced today that, on July 7, 2021, the Board of Directors of its general partner declared a distribution on Genesis’ common units and 8.75% Class A Convertible Preferred Units attributable to the quarter ended June 30, 2021. These distributions will be paid on August 13, 2021 to holders of record at the close of business on July 30, 2021.
Each holder of common units will be paid a quarterly cash distribution of $0.15 ($0.60 on an annualized basis) for each common unit held of record. With respect to the preferred units, Genesis will pay a cash distribution of $0.7374 ($2.9496 on an annualized basis) for each preferred unit held of record.
Genesis Energy, L.P. is a diversified midstream energy master limited partnership headquartered in Houston, Texas. Genesis’ operations include offshore pipeline transportation, sodium minerals and sulfur services, onshore facilities and transportation and marine transportation. Genesis’ operations are primarily located in the Gulf Coast region of the United States, Wyoming and the Gulf of Mexico.
Genesis Energy, L.P.
Ryan Sims
SVP – Finance and Corporate Development
(713) 860-2521
HOUSTON--(BUSINESS WIRE)--Ranger Energy Services, Inc. (NYSE: RNGR) (“Ranger” or the “Company”) continues the expansion of its wireline services business with the announcement of the acquisition of PerfX Wireline Services (“PerfX”).
Ranger is pleased to announce the acquisition of PerfX, its second wireline acquisition in the last several weeks. The first, the previously announced acquisition of Patriot Completion Services (“Patriot”), closed on May 14th while the PerfX acquisition closed yesterday, July 8th. The combination of Patriot and PerfX significantly increases the scale and scope of our existing Mallard wireline business. We are extending our range of services beyond our current completion-oriented work to now include a full suite of production services as well as adding geographic diversity.
Bill Austin, Chairman of the Board and interim CEO of Ranger stated, “Similar to our previously announced acquisition of Patriot, the addition of PerfX to our Ranger portfolio of companies checks a number of strategic boxes. With these two acquisitions we now have the scale, scope and diversification necessary to ensure the long-term success of our wireline service offerings under the Ranger umbrella. Moving forward, Ranger will continue its focus on balance sheet strength and free cash flow generation. We are pleased to have completed these two transactions and expect more opportunities to grow our businesses through acquisitions.”
Assets
Together, the Patriot and PerfX transactions add 55 wireline trucks, 10 cranes, and four pump-down pumps to Ranger’s existing Mallard fleet of 13 wireline trucks and eight pumps. Additionally, these acquisitions bring eight locations and 27 incremental customers, as well as full packages of other ancillary equipment. Both Patriot and PerfX are young companies with a full suite of recently built state-of-the-art assets. As a result, we expect to see only nominal maintenance capital expense associated with these assets over the next few years.
Strategic Intent
As noted, these acquisitions add significant scale to Ranger’s existing wireline business, increasing Mallard’s 13 unit count to a post-transactions total of 68 wireline trucks. Geographically, we are expanding beyond Mallard’s current Permian focus to a footprint that includes the DJ, Bakken and Powder River basins in eight incremental locations. In addition to the geographic diversity, Patriot adds an extensive production services focus to Mallard’s completion-only offering. This balances our service intensity across the entire well life helping to smooth revenue and earnings volatility across the commodity cycles. These acquisitions also enhance our wireline customer diversification with the addition of 27 incremental wireline customers.
Purchase Price
On a combined basis, for both the Patriot and PerfX transactions, Ranger has issued 2.256 million shares of Class A Common Stock representing 12% of the pro-forma, post-transaction outstanding Class A and B Common Stock. Additionally, Ranger has assumed a total of $12 million of light duty vehicle leases and rolling-stock associated term debt.
Financial Metrics
In Q1 2021, the combination of Patriot and PerfX posted $30 million of revenue, a proforma increase of 78% over Ranger’s reported total company revenue of $38 million. Gross margins for the acquired businesses are currently in the 12-16% range. Once fully integrated, we expect these margins to increase to at least 20%, a margin level more in-line with Mallard’s historic operating performance. Note that the Patriot and PerfX Q1 2021 revenue reflects a 45% wireline truck utilization. Both businesses currently have an operating capability up to a target 75% utilization, demonstrating significant upside beyond already accretive near-term expectations. On a NTM basis we expect EV/EBITDA accretion of 27% and FCF/share accretion of 34%.
XConnect Gun System
The PerfX purchase price includes a 30% ownership option in XConnect through a warrant structure. XConnect is the manufacturer of a perforating gun system developed over the last several years by the PerfX sellers alongside the PerfX Wireline service business. This ownership option is conditioned on the maintenance of a specific minimum level of XConnect purchases. Post-acquisition, XConnect is expected to remain the preferred gun supplier to PerfX’s current customer base.
About Ranger Energy Services, Inc.
Ranger is an independent provider of well service rigs, wireline and associated services in the United States, with a focus on unconventional horizontal well completion and production operations. Ranger also provides services necessary to bring and maintain a well on production through its Processing Solutions segment which engages in the rental, installation, commissioning, start-up, operation and maintenance of MRUs, Natural Gas Liquid stabilizer and storage units and related equipment.
Cautionary Statement Concerning Forward-Looking Statements
Certain statements contained in this press release constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements represent Ranger’s expectations or beliefs concerning future events, and it is possible that the results described in this press release will not be achieved. These forward-looking statements are subject to risks, uncertainties and other factors, many of which are outside of Ranger’s control that could cause actual results to differ materially from the results discussed in the forward-looking statements.
Any forward-looking statement speaks only as of the date on which it is made, and, except as required by law, Ranger does not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. New factors emerge from time to time, and it is not possible for Ranger to predict all such factors. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements in our filings with the Securities and Exchange Commission. The risk factors and other factors noted in Ranger’s filings with the SEC could cause its actual results to differ materially from those contained in any forward-looking statement.
J. Brandon Blossman
Chief Financial Officer
(713) 935-8900
This email address is being protected from spambots. You need JavaScript enabled to view it.
Cleantech for Europe presents first-of-its-kind ‘EU Quarterly Cleantech Briefing’; announces six leading cleantech venture capital investors are joining new initiative to build bridges with policy-makers.
BRUSSELS--(BUSINESS WIRE)--Cleantech for Europe, a new initiative created by Cleantech Group, supported by Breakthrough Energy, today presented its first ‘EU Quarterly Cleantech Briefing’. The analysis finds that in the first half of this year more than €7 billion of venture capital was invested in cleantech innovation in the European Union (EU). With six months remaining in 2021, this figure has already beaten the previous annual record for Europe, set just last year at €4.7 billion.
In view of this momentum, Cleantech for Europe will bring together top cleantech leaders from VCs, startups, academia, and civil society to build much-needed bridges with policymakers in Brussels and other European capitals. In a first instance, six leading cleantech venture capital firms, regarded as pioneers in financing innovative low-carbon companies, are joining the initiative. Other communities from start-ups, scale-ups, academia and civil society will join the initiative over time to build a future-oriented, technology-savvy group of cleantech leaders from across the EU.
The six “Cleantech for Europe Leaders” are: Beamline Accelerator (Estonia), btov Industrial Tech Fund (Germany), Inven Capital (Czech Republic), Munich Venture Partners (Germany), Rockstart (Netherlands), and SET Ventures (Netherlands). Combined, these firms have invested in more than 150 innovative low-carbon start-ups and scale-ups, including global leaders such as Sonnen in batteries and Sunfire in hydrogen production. For the first time, these firms are coming together to build a collective voice and convey to policymakers and other stakeholders the importance of investing in the next generation of clean technologies.
Despite the fact that EU cleantech investments are booming compared to previous years, the EU Quarterly Cleantech Briefing notes they may still fall short of what is needed to ensure EU start-ups can scale up across the continent. In the past decade, EU companies seeking to scale have often turned toward Asia or North America for larger markets, more abundant funding and ambitious public policies that accelerate their adoption.
“This analysis illustrates the extraordinary progress of the EU’s cleantech ecosystem – and the mountain of urgent work that lies ahead, particularly around helping build an EU policy framework that prioritizes and supports cleantech innovation.” said Ann Mettler, Vice President Europe at Breakthrough Energy, an organization founded by Bill Gates to support the innovations that will lead the world to net-zero emissions.
The release of the investment tracker and the announcement of the Cleantech for Europe initiative come just days before the EU prepares to unveil its highly anticipated “Fit for 55” package of climate legislation, and as most EU member states are finalizing Covid economic recovery plans that the European Commission has stipulated must include strong climate- and clean energy-related components.
The analysis also found: increasing numbers of late-stage deals; major deals of €300 million or more in industries including batteries, electric mobility, shared mobility and the circular economy; and a sharp uptick in the number of deals in the materials and chemicals sector. Sign up for future quarterly briefings here.
The involvement of top venture capital firms in the Cleantech for Europe initiative underscores how important policy is to the success of cleantech innovation.
“The goal of the new initiative is to place cleantech innovation at the center of EU public policy debates in the coming weeks, months and years,” said Jules Besnainou, director at Cleantech Group, a research and consulting company that is helping organize the new group and author the quarterly briefings. “We want the bloc to capitalize on opportunities to build and expand clean industries, ensure a just transition, and mount a stronger response to a climate crisis which grows more urgent by the day.”
“The regulatory framework is critical for success in cleantech. We see it in hydrogen: strong policy moves result in market uptake.” added Ivo Němejc, Vice Chairman of the Board of Directors, Inven Capital
“It is still very hard for EU cleantech start-ups to scale beyond their national borders. If we want to lead the race to net zero, we need to start building continental champions.” said Martin Kröner, Managing Partner, Munich Venture Partners
“The energy transition is a systemic challenge, but also an opportunity for the EU to lead the world on climate innovation while creating high-quality jobs.” added René Savelsberg, Managing Partner and Co-Founder, SET Ventures
“To reach climate leadership, we must improve the funding cycle for EU cleantech. The time to act is now.” said Christian Reitberger, Partner, btov Industrial Tech Fund
“Our success in Estonia proves that efficient cooperation between policy-makers and cleantech leaders is in fact a must for sustainable innovation development.” added Erki Ani, CEO, Beamline Accelerator
Additional venture capital firms are expected to join the group in the coming months.
Specifically, the Cleantech for Europe initiative calls on the EU to:
In unveiling the investment tracker, Cleantech for Europe also announced that it will hold an inaugural Cleantech for Europe Summit on September 8, featuring key leaders from Europe’s venture capital and policy communities. The Summit will be opened by Pascal Canfin, MEP and Chair of the Committee on the Environment, Public Health and Food Safety at the European Parliament. To participate in the Summit, sign up here.
To set up interviews with European venture capitalists and innovators active in the cleantech space, and policy experts, or to get more of the backstory on how and why the Cleantech for Europe initiative was conceived, please contact Jules Besnainou at This email address is being protected from spambots. You need JavaScript enabled to view it.
About Cleantech for Europe
Cleantech for Europe is an initiative created by Cleantech Group, supported by Breakthrough Energy and leading EU cleantech investors. Our mission is to help the EU lead the race to net zero while creating long-term industrial competitiveness. We aim to put innovation at the center of the public policy debate and build bridges between the EU’s cleantech community and policymakers in Brussels and member states.
Press contact:
Jules Besnainou, This email address is being protected from spambots. You need JavaScript enabled to view it.
DALLAS--(BUSINESS WIRE)--Atmos Energy Corporation (NYSE: ATO) will host a conference call on Thursday, August 5, 2021, at 10:00 a.m. Eastern to review the company’s Fiscal 2021 third quarter financial results. Atmos Energy will release these results on Wednesday, August 4, 2021, following the market close.
To listen to the conference call, please dial either the toll-free or international number provided below. You may also listen to the call on the Atmos Energy website at www.atmosenergy.com. The Internet broadcast will be archived for thirty days.
Conference Call Details
August 5, 2021
10:00 a.m. Eastern / 9:00 a.m. Central
Toll-free: 877-407-3088
International: 201-389-0927
(No pass code)
Internet webcast: www.atmosenergy.com
Atmos Energy Corporation, an S&P 500 company headquartered in Dallas, is the country’s largest natural gas-only distributor. We safely deliver reliable, affordable, efficient, and abundant natural gas to more than 3 million distribution customers in over 1,400 communities across eight states located primarily in the South. As part of our vision to be the safest provider of natural gas services, we are modernizing our business and infrastructure while continuing to invest in safety, innovation, environmental sustainability and our communities. Atmos Energy manages proprietary pipeline and storage assets, including one of the largest intrastate natural gas pipeline systems in Texas. Find us online at http://www.atmosenergy.com, Facebook, Twitter, Instagram and YouTube.
Analyst and Media Contact:
Dan Meziere
(972) 855-3729
HOUSTON--(BUSINESS WIRE)--Sunnova Energy International Inc. (“Sunnova”) (NYSE: NOVA), a leading U.S. residential solar and energy storage service provider, announced today it will release its second quarter 2021 results after the markets close on July 28, 2021, to be followed by a conference call to discuss the results at 8:30 a.m. Eastern Time on July 29, 2021.
To register for this conference call, please use this link http://www.directeventreg.com/registration/event/5674287. After registering, a confirmation will be sent through email, including dial-in details and unique conference call codes for entry. To ensure you are connected for the full call we suggest registering a day in advance or at a minimum 10 minutes before the start of the call. A replay will be available two hours after the call and can be accessed by dialing 800-585-8367, or for international callers, 416-621-4642. The conference ID for the live call and the replay is 5674287. The replay will be available until August 5, 2021.
Interested investors and other parties may also listen to a simultaneous webcast of the conference call by logging onto the Investor Relations section of Sunnova’s website at www.sunnova.com.
About Sunnova
Sunnova Energy International Inc. (NYSE: NOVA) is a leading residential solar and energy storage service provider with customers across the U.S. states and its territories. Sunnova’s goal is to be the source of clean, affordable and reliable energy with a simple mission: to power energy independence so that homeowners have the freedom to live life uninterrupted®.
For more information, visit www.sunnova.com, follow us on Twitter @Sunnova_Solar and connect with us on Facebook.
Investor & Analyst Contact
Rodney McMahan
Vice President, Investor Relations
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(281) 971-3323
Press & Media Contact
Alina Eprimian
Media Relations Manager
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HOUSTON--(BUSINESS WIRE)--Mesa Royalties II, LLC (“Mesa II”) is pleased to announce it has closed on the acquisition of a mineral and royalty portfolio containing ~15,000 net royalty acres in the core of the Haynesville shale play from an undisclosed seller. The acquired asset contains 472 existing PDP wells, and the projected asset cash flow for the next twelve months is ~$30 million.
Mesa II is a mineral and royalty acquisition company led by Darin Zanovich (President & CEO), Greg Balash (COO & EVP Engineering), Michelle Massaro (EVP Finance) and Josh Wiener (EVP Land). In May, Mesa II announced aggregate equity commitments of $150 million from NGP through NGP Natural Resources XII, L.P. and NGP Royalty Partners, L.P.
Darin Zanovich, President & CEO of Mesa II, commented, “We are excited to acquire this premier Haynesville shale mineral and royalty portfolio. The asset has robust existing cash flow that allows us to begin an immediate distribution plan for our investors. The assets are situated in the core of the Haynesville in north Louisiana, and there are currently 9 rigs drilling on the acreage today. Additionally, ~50% of the active drilling permits in the basin are currently located on this acreage footprint, which will allow the position to continue to have a significant cash flow profile for years to come.”
For more information about Mesa II, please visit www.mesamineralsllc.com
About NGP
Founded in 1988, NGP is a premier private equity firm with over $20 billion of cumulative equity commitments organized to make strategic investments in the energy and natural resources sectors.
For more information about NGP, please visit www.ngpenergycapital.com
Darin A. Zanovich
President & CEO – Mesa Royalties II, LLC
Tel: (713) 684-7051
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
LONDON--(BUSINESS WIRE)--Purus Marine, a maritime holding company that owns environmentally-advanced vessels and infrastructure equipment, today announced an agreement to acquire a large offshore wind service operation vessel (“SOV”). The SOV is currently under construction and will deliver directly into a multi-year time charter with a leading European renewable energy company, beginning early 2022. The SOV is a hybrid-electric vessel that offers best-in-class environmental performance and is “zero emissions ready” with future larger battery/charging and fuel cell options. A leading Norwegian ship manager and owner will provide technical and commercial services for the SOV.
“This environmentally-advanced SOV is well aligned with our mission to de-carbonise the maritime industry, not only in achieving reduced carbon emissions today, but also with the potential to operate with zero emissions in the future,” said Julian Proctor, Chief Executive Officer of Purus Marine. “We are proud to provide this critical marine infrastructure equipment to support the generation of offshore renewable energy.”
“We are delighted to have an agreement to acquire our first SOV, marking the first step in achieving Purus Marine’s goal of owning a world-leading fleet of SOVs servicing the offshore wind industry,” said Svein Engh, Senior Advisor and a Board Member of Purus Marine. “This is only the start as Purus Marine expects to make additional acquisitions in offshore wind, as well as other maritime sectors, over the next year.”
About Purus Marine
Purus Marine is a maritime holding company that owns environmentally-advanced vessels and infrastructure equipment, contracted long-term to high quality end-users. The Company serves a wide variety of maritime sectors, including the industrial shipping, short-sea, ferry, offshore wind and environmental remediation sectors. Purus Marine is committed to supporting the maritime industry’s transition to a zero-carbon and sustainable future by owning vessels and infrastructure equipment that reduce carbon emissions and ocean pollution. For more information visit www.purusmarine.com.
Alastair McDonald
Managing Director, Investments
+44 20 7389 1351
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DALLAS--(BUSINESS WIRE)--Matador Resources Company (NYSE: MTDR) (“Matador” or the “Company”) today announced plans to release second quarter 2021 operational and financial results after the close of trading on Tuesday, July 27, 2021. Management will also host a live conference call on Wednesday, July 28, 2021 at 9:00 a.m. Central Time to review second quarter 2021 financial results and operational highlights.
To access the live conference call, domestic participants should dial (855) 875-8781 and international participants should dial (720) 634-2925. The conference ID and passcode is 9189353. The live conference call will also be available through the Company’s website at www.matadorresources.com on the Events and Presentations page under the Investor Relations tab. The replay for the event will be available on the Company’s website at www.matadorresources.com on the Events and Presentations page under the Investor Relations tab through August 31, 2021.
About Matador Resources Company
Matador is an independent energy company engaged in the exploration, development, production and acquisition of oil and natural gas resources in the United States, with an emphasis on oil and natural gas shale and other unconventional plays. Its current operations are focused primarily on the oil and liquids-rich portion of the Wolfcamp and Bone Spring plays in the Delaware Basin in Southeast New Mexico and West Texas. Matador also operates in the Eagle Ford shale play in South Texas and the Haynesville shale and Cotton Valley plays in Northwest Louisiana. Additionally, Matador conducts midstream operations, primarily through its midstream joint venture, San Mateo, in support of its exploration, development and production operations and provides natural gas processing, oil transportation services, natural gas, oil and produced water gathering services and produced water disposal services to third parties.
For more information, visit Matador Resources Company at www.matadorresources.com.
Mac Schmitz
Capital Markets Coordinator
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(972) 371-5225
Leading Aviation, Maritime Data and Predictive Analysis Provider Partners With Carahsoft to Support Public Sector Agencies
VIENNA, Va. & RESTON, Va.--(BUSINESS WIRE)--Spire Global, Inc., (“Spire” or “the Company”), a leading global provider of space-based data and analytics, and Carahsoft Technology Corp. (“Carahsoft”), The Trusted Government IT Solutions Provider®, today announced a partnership. Carahsoft will serve as Spire’s Master Government Aggregator® for the Port Solution for Federal, state and local governments by making Spire’s industry-leading Automatic Identification System (AIS) maritime data and Automatic Dependent Surveillance-Broadcast (ADS-B) aircraft tracking data available to the public sector through Carahsoft’s NASA Solutions for Enterprise-Wide Procurement (SEWP) V, Information Technology Enterprise Solutions – Software 2 (ITES-SW2) and OMNIA Partners contracts, as well as Carahsoft’s reseller partners.
“Spire’s comprehensive maritime and aircraft tracking data aims to elevate government missions and help agencies make decisions based on near real-time proprietary data, insights and predictive analytics with global coverage,” said Ed Fakler, Federal Channels Director of Spire. “Our strategic partnership with Carahsoft, one of the most trusted Government IT Solutions Providers, will expand awareness and access to this data for more Government agencies and programs and support relationships with new and existing public sector customers.”
With a large, constantly evolving constellation of nanosatellites, Spire provides worldwide coverage of maritime and aviation activity, including in remote areas, seeking to minimize blind spots and increase safety in navigation. Spire’s industry-leading data sets give public sector organizations access to data for logistics decisions and mission success. Spire and Carahsoft believe that access to these data sets will not only allow government end users to save money and time through operational improvements, but also enable them to monitor suspicious activity across the globe. In addition, Spire’s flexible, clean and enriched AIS data is formatted to meet each organization’s unique needs with scalable, predictive maritime analysis. Similarly, flight tracking and air traffic APIs allow organizations to quickly integrate and query data using tools that fit current workflows.
“With the addition of Spire’s space-to-cloud data and analytics solutions to our portfolio, our joint public sector customers have access to near real-time global coverage to improve safety and efficiency and maintain complete global situational awareness to make data-driven decisions faster,” said Lacey Wean, Manager of Geospatial Solutions at Carahsoft. “We look forward to working with the team at Spire along with our reseller partners to expand Spire’s impact in the public sector and make this crucial information available to keep agencies informed.”
Spire’s software and services are available through Carahsoft’s SEWP V contracts NNG15SC03B and NNG15SC27B, ITES-SW2 Contract W52P1J-20-D-0042, OMNIA Partners contract #R191902, and Carahsoft’s reseller partners. For more information, contact the Spire team at Carahsoft at (703) 673-3570 or This email address is being protected from spambots. You need JavaScript enabled to view it..
About Carahsoft
Carahsoft Technology Corp. is The Trusted Government IT Solutions Provider®, supporting Public Sector organizations across Federal, State and Local Government agencies and Education and Healthcare markets. As the Master Government Aggregator® for our vendor partners, we deliver solutions for Cybersecurity, MultiCloud, DevSecOps, Big Data, Artificial Intelligence, Open Source, Customer Experience and more. Working with resellers, systems integrators and consultants, our sales and marketing teams provide industry leading IT products, services and training through hundreds of contract vehicles. Visit us at our website for more information.
About Spire Global, Inc.
Spire is a global provider of space-based data and analytics that offers unique datasets and powerful insights about Earth from the ultimate vantage point so organizations can make decisions with confidence, accuracy, and speed. Spire uses one of the world’s largest multi-purpose satellite constellations to source hard to acquire, valuable data and enriches it with predictive solutions. Spire then provides this data as a subscription to organizations around the world so they can improve business operations, decrease their environmental footprint, deploy resources for growth and competitive advantage, and mitigate risk. Spire gives commercial and government organizations the competitive advantage they seek to innovate and solve some of the world’s toughest problems with insights from space. Spire has offices in San Francisco, CA, Boulder, CO, Washington DC, Glasgow, Luxembourg, and Singapore. On March 1, 2021 Spire announced plans to go public through an anticipated business combination with NavSight Holdings, Inc. (NYSE: NSH), to be traded on the NYSE under the ticker symbol “SPIR.”
About NavSight Holdings, Inc.
NavSight Holdings, Inc. is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. NavSight was organized with the opportunity to pursue a business combination target in any business or industry, with the intent to focus its search on identifying a prospective target business that provides expertise and technology to U.S. government customers in support of their national security, intelligence and defense missions.
Additional Information and Where to Find It
In connection with the planned business combination with Spire (the “Proposed Transaction”), NavSight has filed a Form S-4 Registration Statement (the “Registration Statement”) with the SEC, which includes a preliminary proxy statement to be distributed to holders of NavSight’s common stock in connection with NavSight’s solicitation of proxies for the vote by NavSight’s stockholders with respect to the Proposed Transaction and other matters as described in the Registration Statement, a prospectus relating to the offer of the securities to be issued to the Company’s stockholders in connection with the Proposed Transaction, and an information statement to Company’s stockholders regarding the Proposed Transaction. After the Registration Statement is declared effective, NavSight will mail a definitive proxy statement/prospectus, when available, to its stockholders. Investors and security holders and other interested parties are urged to read the proxy statement/prospectus, any amendments thereto and any other documents filed with the SEC carefully and in their entirety because they will contain important information about NavSight, the Company and the Proposed Transaction. Investors and security holders may obtain free copies of the preliminary proxy statement/prospectus and definitive proxy statement/prospectus (when available) and other documents filed with the SEC by NavSight through the website maintained by the SEC at http://www.sec.gov, or by directing a request to: NavSight Holdings, Inc., 12020 Sunrise Valley Drive, Suite 100, Reston, VA 20191.
Participants in Solicitation
NavSight and the Company and their respective directors and certain of their respective executive officers and other members of management and employees may be considered participants in the solicitation of proxies with respect to the Proposed Transaction. Information about the directors and executive officers of NavSight is set forth in its Form 10-K/A and Form 10-Q filed on May 12, 2021 and May 24, 2021, respectively. Additional information regarding the participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, is included in the Registration Statement and other relevant materials filed with the SEC regarding the Proposed Transaction. Stockholders, potential investors and other interested persons should read the Registration Statement carefully before making any voting or investment decisions. These documents can be obtained free of charge from the sources indicated above.
No Offer or Solicitation
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 jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the U.S. Securities Act of 1933, as amended.
Forward-Looking Statements
The information in this press release includes “forward-looking statements” within the meaning of the federal securities laws with respect to the Proposed Transaction. Forward-looking statements may be identified by the use of words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “will,” “expect,” “anticipate,” “believe,” “seek,” “target” or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding expectations of accelerating Spire’s sales and marketing efforts, expectations of product development and the applicability of such products to Spire’s market, the strengthening of Spire’s competitive advantage, the importance of Spire’s products and capabilities to Spire’s target markets, the expansion of Spire’s business to new regions and markets, Spire’s future growth, estimates and forecasts of financial and performance metrics, expectations of achieving and maintaining profitability, projections of total addressable markets, market opportunity and market share, net proceeds from the Proposed Transactions, potential benefits of the Proposed Transaction and the potential success of the Company’s market and growth strategies, and expectations related to the terms and timing of the Proposed Transaction. These statements are based on various assumptions and on the current expectations of NavSight’s and the Company’s management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of NavSight and the Company. These forward-looking statements are subject to a number of risks and uncertainties, including (i) the risk that the Proposed Transaction may not be completed in a timely manner or at all, which may adversely affect the price of NavSight's securities; (ii) the risk that the Proposed Transaction may not be completed by NavSight's business combination deadline and the potential failure to obtain an extension of the business combination deadline if sought by NavSight; (iii) the failure to satisfy the conditions to the consummation of the Proposed Transaction, including the approval of the Proposed Transaction by the stockholders of NavSight, the satisfaction of the minimum trust account amount following any redemptions by NavSight's public stockholders and the receipt of certain governmental and regulatory approvals; (iv) the inability to complete the PIPE investment in connection with the Proposed Transaction; (v) the failure to realize the anticipated benefits of the Proposed Transaction; (vi) the effect of the announcement or pendency of the Proposed Transaction on Spire’s business relationships, performance, and business generally; (vii) risks that the Proposed Transaction disrupts current plans of Spire and potential difficulties in Spire employee retention as a result of the Proposed Transaction; (viii) the outcome of any legal proceedings that may be instituted against NavSight or Spire related to the business combination agreement or the Proposed Transaction; (ix) the ability to maintain the listing of NavSight’s securities on the New York Stock Exchange; (x) the ability to address the market opportunity for Space-as-a-Service; (xi) the risk that the Proposed Transaction may not generate expected net proceeds to the combined company; (xii) the ability to implement business plans, forecasts, and other expectations after the completion of the Proposed Transaction, and identify and realize additional opportunities; (xiii) the occurrence of any event, change or other circumstance that could give rise to the termination of the business combination agreement; (xiv) the risk of downturns, new entrants and a changing regulatory landscape in the highly competitive space data analytics industry; and those factors discussed in NavSight’s Form S-4/A filed on June 25, 2021 under the heading “Risk Factors,” and other documents of NavSight filed, or to be filed, with the SEC. If any of these risks materialize or the Company’s assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that neither NavSight nor the Company presently know or that NavSight and the Company currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect NavSight’s and the Company’s expectations, plans or forecasts of future events and views as of the date of this press release. NavSight and the Company anticipate that subsequent events and developments will cause NavSight’s and the Company’s assessments to change. However, while NavSight and the Company may elect to update these forward-looking statements at some point in the future, NavSight and the Company specifically disclaim any obligation to do so. These forward-looking statements should not be relied upon as representing NavSight’s and the Company’s assessments as of any date subsequent to the date of this press release. Accordingly, undue reliance should not be placed upon the forward-looking statements.
For Spire Global, Inc.:
Hillary Yaffe
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For Carahsoft:
Mary Lange
703-230-7434
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For NavSight Holdings, Inc.:
Jack Pearlstein
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SANTA CLARITA, Calif.--(BUSINESS WIRE)--California Resources Corporation (NYSE: CRC) announced today that it will host its second quarter 2021 financial results conference call on Thursday, August 5th at 5:00 p.m. Eastern Time (2:00 p.m. Pacific Time). The Company’s earnings will be released following the market close on the same date.
We encourage participants to pre-register for the conference call webcast using the following link https://dpregister.com/sreg/10157220/e9185e9690. Callers who pre-register will be given a conference passcode and unique PIN to gain immediate access to the call and bypass the live operator. Participants may pre-register at any time, including up to and after the call start time.
To participate in CRC’s conference call, either dial (877) 328-5505 (International callers please dial +1-412-317-5421) or access via webcast at www.crc.com, fifteen minutes prior to the scheduled start time to register. A digital replay of the conference call will be archived for approximately 90 days and available online on the Investor Relations page at www.crc.com.
About California Resources Corporation (CRC)
California Resources Corporation (CRC) is an independent oil and natural gas exploration and production company, applying complementary and integrated infrastructure to gather, process and market its production. Using advanced technology, CRC focuses on safely and responsibly supplying affordable energy.
Joanna Park (Investor Relations)
818-661-3731
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Richard Venn (Media)
818-661-6014
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Announces carbon transformation partnerships with Mercedes-Benz and Procter & Gamble to convert CO2 emissions into essential products
BERKELEY, Calif.--(BUSINESS WIRE)--Carbon transformation startup Twelve has raised $57 million in Series A funding from lead investors Capricorn Technology Impact Fund and Carbon Direct Capital Management. Seed round lead DCVC, as well as Munich Re Ventures, Microsoft Climate Innovation Fund, Breakout Ventures, and Evok Innovations also participated in the round.
Twelve is pioneering a new market category called carbon transformation with its proprietary catalyst technology that transforms CO2 into critical chemicals, materials and fuels that are conventionally made from fossil fuels. Using Twelve’s technology, industry and brands can meet emissions targets faster while creating essential products—from the foam in running shoes, to the polymers in automobile dashboards, to aviation fuel, to laundry detergent—at the same or higher quality as conventional products made from petrochemicals.
Carbon transformation reduces emissions from supply chains, closes the carbon loop, and provides a viable pathway to a fossil-free future, in which the products that drive the global economy are made from CO2 rather than fossil fuels. Replacing fossil feedstocks with CO2 in Twelve’s target applications could address nearly 10 percent of global carbon emissions.
The company is currently partnering with automotive, household, apparel industry and other brands, including Mercedes-Benz, Procter & Gamble, and the U.S. National Aeronautics and Space Administration (NASA) to leverage Twelve’s breakthrough carbon transformation technology to reduce emissions by creating CO2Made© products and fuels.
In contrast to carbon offset programs, Twelve’s technology directly reduces a partner’s emissions, replacing the petrochemicals in a company’s products and supply chains with CO2Made materials and fuels. Its carbon transformation devices drop into existing manufacturing processes, and integrate seamlessly at any scale.
“Nearly all products and systems we rely on daily use carbon as a resource, from what we wear, to how we live and how we move. Carbon is not the enemy; the problem is that using carbon from fossil fuels is causing global warming. By sourcing carbon from waste CO2, rather than from fossil fuels, we can reverse emissions while making useful products that drive our global economy,” said Twelve Co-Founder and Chief Technology Officer Dr. Kendra Kuhl.
“We’re compelled by the opportunity to eliminate rather than offset carbon emissions, and Twelve has the technology to make it happen as costs of carbon capture, renewables and electrolyzers are falling,” added Ion Yadigaroglu, Partner of the Technology Impact Fund and Capricorn Investment Group.
“Backing from this group of high-caliber investors allows us to build out our team and expand our partnerships to give businesses a tool to reduce emissions in their existing supply chains, and consumers the opportunity to make a real climate impact with their purchasing decisions without compromising on the quality of products they love. Carbon transformation is the new business transformation,” said Twelve Co-Founder and CEO Nicholas Flanders.
“This new funding is taking Twelve to a critical inflection point where we can scale our technology to any capacity or customer application, and to suit any product demand. Businesses can use CO2Made materials to deliver the same performance, safety and efficacy standards that traditional materials offer, while achieving their climate goals,” said Twelve Co-Founder and Chief Science Officer Dr. Etosha Cave.
“Carbon Direct's mission is to accelerate the carbon management ecosystem by providing both scientific advisory and financial capital. Twelve’s pioneering electrolysis technology has the potential to reshape the procurement of specialty chemicals and fuels. Carbon Direct Capital Management is excited to support Kendra, Etosha, Nicholas and the Twelve team at this exciting stage of the company's growth,” said Jonathan Goldberg, CEO of Carbon Direct.
Twelve is currently taking pre-orders for its industrial-scale carbon transformation module. Additional information on process, product and partnerships, and opportunities to join Twelve’s growing team, can be found at www.twelve.co.
About Twelve
Twelve is the carbon transformation company, a new kind of chemical company built for the climate era. We make essential products from air, not oil. Our groundbreaking technology eliminates emissions by transforming CO2 into critical chemicals, materials and fuels that today are made from fossil fuels. We call it carbon transformation, and it fundamentally changes how we can address climate change, reduce emissions and reverse the carbon imbalance. Reinventing what it means to be a chemical company, we’re on a mission to create a climate positive world and a fossil free future through the power of chemistry. Learn more at www.twelve.co.
Liz Crumpacker | Antenna Group | This email address is being protected from spambots. You need JavaScript enabled to view it.
HOUSTON--(BUSINESS WIRE)--Cheniere Energy, Inc. (“Cheniere” or the “Company”) (NYSE American: LNG) announced today that it plans to issue its earnings release with respect to second quarter 2021 financial results on Thursday, August 5, 2021 before the market opens. Cheniere will host a conference call for investors and analysts at 11:00 a.m. Eastern Time (10:00 a.m. Central Time) that day to discuss second quarter results.
A listen-only webcast of the call and accompanying slide presentation will be available on the Company’s website at www.cheniere.com. After completion of the webcast, a replay will be available on the Company’s website.
About Cheniere
Cheniere Energy, Inc. is the leading producer and exporter of liquefied natural gas (LNG) in the United States, reliably providing a clean, secure, and affordable solution to the growing global need for natural gas. Cheniere is a full-service LNG provider, with capabilities that include gas procurement and transportation, liquefaction, vessel chartering, and LNG delivery. Cheniere has one of the largest liquefaction platforms in the world, consisting of the Sabine Pass and Corpus Christi liquefaction facilities on the U.S. Gulf Coast, with expected total production capacity of approximately 45 million tonnes per annum of LNG operating or under construction. Cheniere is also pursuing liquefaction expansion opportunities and other projects along the LNG value chain. Cheniere is headquartered in Houston, Texas, and has additional offices in London, Singapore, Beijing, Tokyo, and Washington, D.C.
For additional information, please refer to the Cheniere website at www.cheniere.com and Quarterly Report on Form 10-Q for the quarter ended March 31, 2021, filed with the Securities and Exchange Commission.
Forward-Looking Statements
This press release contains certain statements that may include “forward-looking statements” within the meanings of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical or present facts or conditions, included herein are “forward-looking statements.” Included among “forward-looking statements” are, among other things, (i) statements regarding Cheniere’s financial and operational guidance, business strategy, plans and objectives, including the development, construction and operation of liquefaction facilities, (ii) statements regarding expectations regarding regulatory authorizations and approvals, (iii) statements expressing beliefs and expectations regarding the development of Cheniere’s LNG terminal and pipeline businesses, including liquefaction facilities, (iv) statements regarding the business operations and prospects of third parties, (v) statements regarding potential financing arrangements, (vi) statements regarding future discussions and entry into contracts, (vii) statements relating to the amount and timing of share repurchases, and (viii) statements regarding the COVID-19 pandemic and its impact on our business and operating results. Although Cheniere believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Cheniere’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in Cheniere’s periodic reports that are filed with and available from the Securities and Exchange Commission. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Other than as required under the securities laws, Cheniere does not assume a duty to update these forward-looking statements.
Cheniere Energy, Inc.
Investors
Randy Bhatia, 713-375-5479
Media Relations
Eben Burnham-Snyder, 713-375-5764
Jenna Palfrey, 713-375-5491
NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Clean Energy Fuels Corp. (Nasdaq:CLNE) announced today it will release financial results for the second quarter of 2021 on Thursday, August 5, 2021 after market close, followed by an investor conference call at 4:30 p.m. Eastern time (1:30 p.m. Pacific). President and Chief Executive Officer of Clean Energy Andrew J. Littlefair and Chief Financial Officer Robert M. Vreeland will host the call.
Investors interested in participating in the live call can dial 1.877.407.4018 from the U.S. and international callers can dial 1.201.689.8471. A telephone replay will be available approximately two hours after the call concludes through Sunday, September 5, by dialing 1.844.512.2921 from the U.S., or 1.412.317.6671 from international locations, and entering Replay Pin Number 13720995.
There also will be a simultaneous, live webcast available on the Investor Relations section of the Company's web site at www.cleanenergyfuels.com, which will be available for replay for 30 days.
About Clean Energy
Clean Energy Fuels Corp. is the country’s largest provider of the cleanest fuel for the transportation market. Our mission is to decarbonize transportation through the development and delivery of renewable natural gas (RNG), a sustainable fuel derived from organic waste. Clean Energy allows thousands of vehicles, from airport shuttles to city buses to waste and heavy-duty trucks, to reduce their amount of climate-harming greenhouse gas. We operate a vast network of fueling stations across the U.S. and Canada. Visit www.cleanenergyfuels.com and follow @CE_NatGas on Twitter.
Robert M. Vreeland, CFO
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