In this role, Carr will be responsible for GetUpside’s B2B growth
WASHINGTON--(BUSINESS WIRE)--GetUpside, a retail technology company that guarantees profit for nearly 30,000 brick-and-mortar businesses nationwide, today announced the appointment of Sean Carr as Chief Revenue Officer (CRO). Sean is a sales veteran with a 20-year track record of driving growth in both public companies and early stage technology ventures. As CRO of GetUpside, Sean will oversee merchant sales and account management, across all verticals.
“In my career, I’ve been drawn to innovative businesses that are creating real value for their customers,” said Carr. “GetUpside’s technology is transforming brick and mortar commerce by enabling merchants to earn proven and measurable profit. I’m looking forward to joining a team that has already achieved incredible growth and to helping the company make an even bigger impact.”
Prior to his appointment, Sean was the North America sales leader for Gartner’s Sales & Marketing division, following its acquisition of CEB. At CEB, Sean held various senior leadership roles, including Global Head of Sales for the firm’s professional services division, and the commercial leader of several subscription services businesses for large enterprise and mid-market corporate clients. In these capacities, Sean helped launch and grow the firm’s Challenger sales training business into a global leader in the sales effectiveness space, and supported a range of M&A, business development, and new product development activities.
“Sean has grown new business units from $0 to $90M in new annual revenue, owned $130M in revenue for a publicly traded company, and hired, trained, and scaled multiple sales organizations,” said GetUpside CEO Alex Kinnier. “We’re thrilled Sean is joining the GetUpside team as we continue to grow our company.”
About GetUpside
GetUpside is a retail technology company that delivers new customers and proven profit to brick and mortar businesses nationwide. GetUpside’s platform generates personalized incentives that motivate 30 million users to choose participating businesses over the competition. The profit delivered is measurable, proven, and guaranteed. When businesses and customers do better, communities grow stronger.
Press contact
Alexcia Chambers
(512) 240-2581
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HOUSTON--(BUSINESS WIRE)--ConocoPhillips (NYSE: COP) will host a virtual market update on Wednesday, June 30 beginning at 9:00 a.m. Central time. The meeting will feature presentations by ConocoPhillips executives, including Chairman and Chief Executive Officer Ryan Lance.
A live webcast of the meeting will be made available on the ConocoPhillips Investor Relations website, www.conocophillips.com/investor. The event will be archived and available for replay later that day. The presentation, along with a transcript, will also be available on the Investor Relations website.
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About ConocoPhillips
Headquartered in Houston, Texas, ConocoPhillips had operations and activities in 15 countries, $84 billion of total assets, and approximately 10,300 employees at March 31, 2021. Production excluding Libya averaged 1,488 MBOED for the three months ended March 31, 2021, and proved reserves were 4.5 BBOE as of Dec. 31, 2020. For more information, go to www.conocophillips.com.
CAUTIONARY STATEMENT FOR THE PURPOSES OF THE "SAFE HARBOR" PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
This news release contains forward-looking statements as defined under the federal securities laws. Forward-looking statements relate to future events and anticipated results of operations, business strategies, and other aspects of our operations or operating results. Words and phrases such as “anticipate," “estimate,” “believe,” “budget,” “continue,” “could,” “intend,” “may,” “plan,” “potential,” “predict," “seek,” “should,” “will,” “would,” “expect,” “objective,” “projection,” “forecast,” “goal,” “guidance,” “outlook,” “effort,” “target” and other similar words can be used to identify forward-looking statements. However, the absence of these words does not mean that the statements are not forward-looking. Where, in any forward-looking statement, the company expresses an expectation or belief as to future results, such expectation or belief is expressed in good faith and believed to be reasonable at the time such forward-looking statement is made. However, these statements are not guarantees of future performance and involve certain risks, uncertainties and other factors beyond our control. Therefore, actual outcomes and results may differ materially from what is expressed or forecast in the forward-looking statements. Factors that could cause actual results or events to differ materially from what is presented include the impact of public health crises, including pandemics (such as COVID-19) and epidemics and any related company or government policies or actions; global and regional changes in the demand, supply, prices, differentials or other market conditions affecting oil and gas, including changes resulting from a public health crisis or from the imposition or lifting of crude oil production quotas or other actions that might be imposed by OPEC and other producing countries and the resulting company or third-party actions in response to such changes; changes in commodity prices, including a prolonged decline in these prices relative to historical or future expected levels; changes in expected levels of oil and gas reserves or production; potential failures or delays in achieving expected reserve or production levels from existing and future oil and gas developments, including due to operating hazards, drilling risks or unsuccessful exploratory activities; unexpected cost increases or technical difficulties in constructing, maintaining or modifying company facilities; legislative and regulatory initiatives addressing global climate change or other environmental concerns; investment in and development of competing or alternative energy sources; disruptions or interruptions impacting the transportation for our oil and gas production; international monetary conditions and exchange rate fluctuations; changes in international trade relationships, including the imposition of trade restrictions or tariffs on any materials or products (such as aluminum and steel) used in the operation of our business; our ability to collect payments when due under our settlement agreement with PDVSA; our ability to collect payments from the government of Venezuela as ordered by the ICSID; our ability to liquidate the common stock issued to us by Cenovus Energy Inc. at prices we deem acceptable, or at all; our ability to complete our announced or any future dispositions or acquisitions on time, if at all; the possibility that regulatory approvals for our announced or any future dispositions or acquisitions will not be received on a timely basis, if at all, or that such approvals may require modification to the terms of the transactions or our remaining business; business disruptions during or following our announced or any future dispositions or acquisitions, including the diversion of management time and attention; the ability to deploy net proceeds from our announced or any future dispositions in the manner and timeframe we anticipate, if at all; potential liability for remedial actions under existing or future environmental regulations; potential liability resulting from pending or future litigation, including litigation related to our transaction with Concho Resources Inc. (Concho); the impact of competition and consolidation in the oil and gas industry; limited access to capital or significantly higher cost of capital related to illiquidity or uncertainty in the domestic or international financial markets; general domestic and international economic and political conditions; the ability to successfully integrate the operations of Concho with our operations and achieve the anticipated benefits from the transaction; unanticipated difficulties or expenditures relating to the Concho transaction; changes in fiscal regime or tax, environmental and other laws applicable to our business; and disruptions resulting from extraordinary weather events, civil unrest, war, terrorism or a cyber attack; and other economic, business, competitive and/or regulatory factors affecting our business generally as set forth in our filings with the Securities and Exchange Commission. Unless legally required, ConocoPhillips expressly disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.
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Dennis Nuss
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ecobee and select utility companies across the country are offering residents a free ecobee3 lite to help them stay cool, save energy, and reduce their energy bills
TORONTO--(BUSINESS WIRE)--Today ecobee announced it is partnering with select utility companies across the U.S. to offer a free or discounted ecobee3 lite to residents to help them stay cool, save energy, and reduce their energy bills this summer. Residents with the below utility companies can take advantage of the offer now by visiting their utility marketplace and enrolling in their demand response program upon checkout.1
“We’re pleased to partner with utilities across the country to offer customers a free or discounted ecobee smart thermostat and help them save on energy without sacrificing comfort this summer,” said Chris Carradine, EVP of ecobee Energy. “By enrolling in a demand response program, customers can also help make their homes more responsive and take pressure off the electric grid to prevent power outages, making this offer a win-win for residents.”
Valued at $169.99, ecobee’s ENERGY STAR-certified ecobee3 lite smart thermostat helps customers save up to 23% annually on heating and cooling costs.2 ecobee’s app also helps residents stay in control of their home’s temperature settings, even when they’re away this summer.
ecobee’s smart thermostats are equipped with eco+, a free thermostat optimization feature that adapts to each household’s schedule for enhanced comfort and reduced energy use. Last summer, eco+ helped customers save 5% more energy than those who used the smart thermostat alone, despite the increase in American household energy sales caused by many residents staying home more often.3
Customers who are on a time-of-use rate can leverage the eco+ Time-of-Use optimization feature, which intelligently pre-cools the home when electricity is less expensive.
Select utilities are also offering discounts on the ecobee SmartThermostat with voice control, valued at $249.99. For full offer details see below:
About ecobee
ecobee Inc. was founded in 2007 by Stuart Lombard with a mission to improve everyday life while creating a more sustainable world. Since launching the world’s first smart thermostat, ecobee has helped customers across North America save more than 17.6 TWh of energy, which is the equivalent of taking all the homes in Las Vegas off the grid for a year. Today, ecobee continues to be an independently held company that innovates with smart home solutions that solve everyday problems with comfort, security, and conservation in mind. With ecobee’s award-winning products, including the SmartThermostat with voice control, Haven smart home monitoring solution, and SmartCamera with voice control, ecobee continues to encourage SmartOwners to imagine what home could be. For more information, visit ecobee.com.
_________________
1 By enrolling in a demand response program, customers may experience slight temperature adjustments to their thermostat during periods of peak demand.
2 Compared to a hold of 72°F/22°C.
3 According to ecobee’s measurement and verification report by Demand Side Analytics.
Press:
Fatima Reyes, Senior Communications Manager, ecobee
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DUBLIN--(BUSINESS WIRE)--The "Solar Battery Market by Type and End-User: Global Opportunity Analysis and Industry Forecast, 2020-2027" report has been added to ResearchAndMarkets.com's offering.
The global solar battery market was valued at $113.4 million in 2019, and is projected to reach $360.4 million by 2027, growing at a CAGR of 15.5% from 2020 to 2027.
Solar battery is used for storage of excess solar power. Generally, solar battery is installed with inverter. It is rechargeable and can be generally used in solar panel systems. For industrial applications, solar battery can be used with other renewable power sources such as hydropower and wind power. In future, solar battery will be used with other renewable power sources as a part of renewable electricity mix to provide sustainable energy solutions. Some of the major applications of solar battery include solar charging stations, storage for power plants, and storage system for off-grids.
Rise in demand for eco-friendly and cost-effective energy solutions for industrial and commercial energy storage is expected to drive the market growth. Moreover, the application of solar battery can effectively reduce carbon footprints. Implementation of solar battery can make a nation energy independent and reduce the dependence on imported fossil energy resources. Furthermore, growing interest of industry players toward renewable energy storage solutions is expected to increase investment opportunities during the forecast timeframe. For instance, countries, such as the UK and Portugal, are encouraging capacity auctions for solar battery storage instead of conventional energy storage systems. Such developments will positively impact market growth. However, the initial installation cost is a burden for small & medium-sized enterprises. At the current stage, financing for solar project requires selling of assets to aggregators to maintain sufficient liquid capital to develop the next project and cover operational overhead. Such factors may negatively impact market growth.
Nonetheless, the growing prominence of energy trading with block chain and AI technologies opened new market opportunities. This will provide the owner of solar battery and solar PV systems a new opportunity to export the excess energy and sell it at premium price.
The global solar battery market is segmented on the basis of type, end-user, and region. On the basis of type, it is divided into lead acid, lithium ion, flow battery, and others. Based on end-user, the market is classified into industrial, commercial, and residential. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
COVID-19 scenario analysis
Key Benefits
Market Dynamics
Drivers
Restraint
Opportunities
Companies Profiled
For more information about this report visit https://www.researchandmarkets.com/r/84ajvb
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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Integration and open collaboration will help Equinor unlock Bacalhau’s full potential
HOUSTON--(BUSINESS WIRE)--Regulatory News:
Schlumberger announced today an award to Subsea Integration Alliance of a large contract by Equinor on its Bacalhau project offshore Brazil. The contract scope covers the engineering, procurement, construction and installation (EPCI) of the subsea production systems (SPS) and subsea pipelines (SURF).
The development will include 19 trees as well as associated subsea equipment including subsea wellheads, subsea controls and connection systems, and a full completion workover riser. The SURF scope comprises rigid risers, flowlines, and umbilicals.
The Subsea Integration Alliance team established during the initial front-end engineering design phase, awarded in January 2020, will now transition into the full EPCI phase. Project management and detailed engineering will take place in Rio de Janeiro. Offshore activities will commence in 2022 using Subsea 7’s reel-lay, flex-lay and light construction vessels.
“This award reflects our commitment to enhance the performance of Equinor’s Bacalhau field through an open collaboration approach, with the integration and application of innovative subsea technology solutions building on Schlumberger’s high pressure and deepwater expertise,” said Donnie Ross, president, Production Systems, Schlumberger. “At the same time, this will have a positive impact on the regional economy through in-country value creation.”
“We have worked closely with Equinor since the FEED award back in 2020,” said Stuart Fitzgerald, CEO, Subsea Integration Alliance LLC. “Now in the EPCI phase, we will support Equinor in maximizing the Bacalhau field’s potential through Subsea Integration Alliance’s leading portfolio of technologies and services, and a ‘one team’ approach to project delivery.”
The Bacalhau Field is located 185 km from the coast of the municipality of Ilhabela, in the state of São Paulo, at a water depth of 2,050 m. Bacalhau is Brazil's first integrated SPS and SURF project. The award is a significant endorsement of Subsea Integration Alliance’s strong position within the integrated market and our long-established local presence in Brazil.
About Schlumberger
Schlumberger (SLB: NYSE) is a technology company that partners with customers to access energy. Our people, representing over 160 nationalities, are providing leading digital solutions and deploying innovative technologies to enable performance and sustainability for the global energy industry. With expertise in more than 120 countries, we collaborate to create technology that unlocks access to energy for the benefit of all.
Find out more at www.slb.com.
About Subsea Integration Alliance
Subsea Integration Alliance is a non-incorporated strategic global alliance between Subsea 7 and OneSubsea®, the subsea technologies, production, and processing systems division of Schlumberger, bringing together field development planning, project delivery and total lifecycle solutions under an extensive technology and services portfolio. As one team, Subsea Integration Alliance amplifies subsea performance by helping customers to select, design, deliver and operate the smartest subsea projects. This eliminates costly revisions, avoids delays and reduces risk across the life of field. For more information, visit www.subseaintegrationalliance.com.
Cautionary Statement Regarding Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the U.S. federal securities laws — that is, statements about the future, not about past events. Such statements often contain words such as “expect,” “may,” “can,” “estimate,” “intend,” “anticipate,” “will,” “potential,” “projected" and other similar words. Forward-looking statements address matters that are, to varying degrees, uncertain, such as forecasts or expectations regarding the deployment of, or anticipated benefits of, certain technologies. These statements are subject to risks and uncertainties, including, but not limited to, the inability to recognize intended benefits from the strategies, initiatives or partnerships of Schlumberger and Subsea Integration Alliance; and other risks and uncertainties detailed in Schlumberger’s most recent Forms 10-K, 10-Q and 8-K filed with or furnished to the U.S. Securities and Exchange Commission. If one or more of these or other risks or uncertainties materialize (or the consequences of such a development changes), or should underlying assumptions prove incorrect, actual outcomes may vary materially from those reflected in these forward-looking statements. Statements in this press release are made as of the date of this release, and Schlumberger disclaims any intention or obligation to update publicly or revise such statements, whether as a result of new information, future events, or otherwise.
Media
Giles Powell – Director of Corporate Communication, Schlumberger Limited
Tel: +1 (713) 375-3494
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Investors
Ndubuisi Maduemezia – Vice President of Investor Relations, Schlumberger Limited
Tel: +1 (713) 375-3535
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DUBLIN--(BUSINESS WIRE)--The "Fiber Reinforced Composites Market by Fiber Type, Resin Type and End-User Industry: Global Opportunity Analysis and Industry Forecast, 2020-2027" report has been added to ResearchAndMarkets.com's offering.
The global fiber reinforced composites market was valued at $84.5 billion in 2019, and is projected to reach $131.6 billion by 2027, growing at a CAGR of 5.9% from 2020 to 2027.
Fiber reinforced composites (FRCs) are engineered products with a complex combination of fiber and resin. FRCs are made from three parts, reinforcement fiber, matrix, and the interphase region. The reinforcement fiber adds to the strength of the matrix and enhances performance of the composites while minimizing the weight. It mainly consists of fiber reinforcement and the matrix. The fiber reinforcement mainly includes glass, carbon, or aramid. The matrix binds the fiber reinforcement and gives the composite component its shape and determines its surface quality. A composite matrix may be a polymer, ceramic, metal or carbon. FRCs have replaced steel and aluminum in the automotive and aerospace industries for the production of lightweight parts. In addition, they are also used in the construction, sporting goods, and electronics industries.
The global fiber reinforced composites market is presently driven by various factors such as growing demand from the aerospace industry, use of composites for making lightweight automotive parts, and upsizing of wind turbine blades for generating more power in onshore & offshore wind power plants. In the aerospace and automotive industry, lightweight composites reduce the overall weight of the vehicle. This has a direct positive impact on fuel efficiency. Higher fuel efficiency contributes to higher emission control regulations set by various organizations. Moreover, in the automotive industry, the rising replacement of conventional internal combustion engine vehicles (ICs) with electric vehicles (EVs) and hybrid electric vehicles (HEVs) is anticipated to boost the global fiber reinforced composites market during the forecast period. EVs and HEVs require lightweight parts that will extend the range.
On the contrary, the high cost of fiber reinforced composites is expected to hamper the growth of the market during the forecast period. Composites made from carbon fiber or glass fiber are still expensive as compared to traditional materials such as steel or wool. The high cost is attributed to the high cost of production of fiber and the cost of producing the composites using high-end machinery. However, fiber reinforced composites are used in end-user industries such as sporting goods, construction, aerospace, automotive, and wind energy due to their high strength and lightweight features. New product launches are expected to offer fresh opportunities for the global fiber reinforced composites market during the forecast period. For instance, SABIC, a key player in the fiber reinforced composites market launched UDMAX fiber reinforced thermoplastic composite, which is designed to replace traditional panels made of metal and thermoset materials for interior and exterior automotive applications.
Key Benefits
Market Dynamics
Drivers
Restraint
Opportunity
Key Players
For more information about this report visit https://www.researchandmarkets.com/r/bazbnp
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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SIMI VALLEY, Calif.--(BUSINESS WIRE)--$AVAV--AeroVironment, Inc. (NASDAQ: AVAV), a global leader in intelligent, multi-domain robotic systems, today announced the relocation of its corporate headquarters from Simi Valley, Calif. to Arlington, Va., effective June 15, 2021.
“The greater Washington D.C. area is where many of our key customers are located, and expanding our presence in the region will further our access to decision makers, influencers and talent,” said Wahid Nawabi, AeroVironment president and chief executive officer. “Our recent acquisition of Progeny Systems ISG and our new Artificial Intelligence Innovation Center expand our footprint near the Beltway and build on our momentum as we continue to grow our portfolio and global scope. We look forward to growing our Washington, D.C. presence and continuing to serve our customers with solutions that help them Proceed with Certainty.”
AeroVironment will maintain its presence and existing operations in Simi Valley, Calif. and other existing sites across the United States and in Germany.
ABOUT AEROVIRONMENT, INC.
AeroVironment (NASDAQ: AVAV) provides technology solutions at the intersection of robotics, sensors, software analytics and connectivity that deliver more actionable intelligence so you can Proceed with Certainty. Celebrating 50 years of innovation, AeroVironment is a global leader in intelligent, multi-domain robotic systems and serves defense, government and commercial customers. For more information, visit www.avinc.com.
SAFE HARBOR STATEMENT
Certain statements in this press release may constitute "forward-looking statements" as that term is defined in the Private Securities Litigation Reform Act of 1995. These statements are made on the basis of current expectations, forecasts and assumptions that involve risks and uncertainties, including, but not limited to, economic, competitive, governmental and technological factors outside of our control, that may cause our business, strategy or actual results to differ materially from those expressed or implied. Factors that could cause actual results to differ materially from the forward-looking statements include, but are not limited to, our ability to perform under existing contracts and obtain additional contracts; changes in the regulatory environment; the activities of competitors; failure of the markets in which we operate to grow; failure to expand into new markets; failure to develop new products or integrate new technology with current products; and general economic and business conditions in the United States and elsewhere in the world. For a further list and description of such risks and uncertainties, see the reports we file with the Securities and Exchange Commission. We do not intend, and undertake no obligation, to update any forward-looking statements, whether as a result of new information, future events or otherwise.
Makayla Thomas
AeroVironment, Inc.
+1 (805) 520-8350
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Mark Boyer
For AeroVironment, Inc.
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Employees dedicated hundreds of hours last year to support impactful causes during the global pandemic, doing everything from helping the homeless to fighting fires
CHICAGO--(BUSINESS WIRE)--Today, the Exelon Foundation recognized 24 employees with its Powering Communities Employee Volunteer Award for overcoming challenges posed by the pandemic to complete hundreds of hours of volunteer work with local nonprofits in 2020. To recognize their incredible efforts, the Exelon Foundation will donate a total of $200,000 to the local nonprofits where the employees spend their off-hours powering a cleaner and brighter future.
“Exelon employees’ willingness to contribute their time, energy and resources to helping the people in their communities was especially inspirational and impressive in a year like 2020,” said Paula Conrad, vice president, Corporate Relations for Exelon, and president of the Exelon Foundation. “The Exelon Foundation’s mission is to strengthen the social and economic fabric of the communities we serve, and our award recipients truly carried out that work during an incredibly challenging time.”
This year’s 24 winners and causes supported by the foundation include:
Excellence Award – $20,000 award to Montgomery Child Advocacy Project (MCAP)
Bonnie Pugh, Exelon BSC– Montgomery Child Advocacy Project (MCAP), Montgomery, Pa.
Achievement Award – $10,000 award to each volunteer’s charity:
Karen Adam, ACE – Girl Scouts of the Jersey Shore, Toms River, N.J.
Gwendolyn Arrington, ComEd – FABRIC, Inc., Cleveland, Miss.
Karen Barbera, Exelon BSC – Loaves & Fishes Community Services, DuPage County, Ill.
Erica Borggren, ComEd – Illinois Joining Forces Foundation, Chicago, Ill.
Antonios Boulos, Pepco – Fame Fire Company #3, West Chester, Pa.
Robert Bugdon, Atlantic City Electric –Laureldale Volunteer Fire Rescue, Hamilton Township, N.J.
Christopher Cornett, BGE – Darlington Volunteer Fire Company, Darlington, Md.
Brian Joaquin, PECO – Battleship New Jersey Museum and Memorial, Camden, N.J.
Jennedy Johnson, PECO -- Homeless Advocacy Project, Philadelphia, Pa.
Joseph Portz, Exelon Generation– Cocoa Packs, Inc., Hershey, Pa.
Kristin Seifarth, Constellation – UEmpower of Maryland, Baltimore, Md.
Michael Van Horn, Exelon Generation – The Media Theatre for The Performing Arts, Media, Pa.
Michael Winkler, Exelon BSC – Newtown Fire Association, Newtown, Pa.
Merit Award – $5,000 award to each volunteer’s charity:
Courtney Allen, PECO – Young Men & Women in Charge (YMWIC), Exton, Pa.
Jacqueline Geary, Exelon BSC – Lurie Children's Hospital of Chicago, Chicago, Ill.
Anuradha Gwal, Exelon BSC - South Asian Bar Association, National
Rudolph Johnson, Pepco – Owings Mills Volunteer Fire Company, Owings Mills, N.J.
Armanda Killingham, Exelon Generation – Dorcas Community Outreach Foundation, Brookfield, Ill.
Donna Knight, Delmarva Power – City Fare Meals on Wheels, New Castle County, Del.
Adriena Lane, ComEd– Rahab's Daughters, Barrington, Ill.
Alan Pressman, BGE– Jewish Volunteer Connection, Baltimore, Md.
Angel Reyes Cruz, Exelon Generation, The Nuclear Alternative Project, National
Craig Smith, Exelon Generation– Pine Street Presbyterian Church - Downtown Daily Bread, Harrisburg, Pa.
To read their personal stories and learn more about these nonprofit organizations, click here.
This year, there were 127 Exelon employee award applicants, who collectively volunteered more than 770 hours last year.
Since 2005, the Powering Communities Awards program has recognized more than 250 employee volunteers and contributed more than $2 million to nonprofit partners.
About the Exelon Foundation
The Exelon Foundation was founded with a mission to use the power and resources of Exelon Corporation to make the world a better place. As an independent, non-profit philanthropic organization, the foundation is funded solely by Exelon Corporation through shareholder dollars. To learn more, visit ExelonFoundation.org.
About Exelon
Exelon Corporation (Nasdaq: EXC) is a Fortune 100 energy company with the largest number of electricity and natural gas customers in the U.S. Exelon does business in 48 states, the District of Columbia and Canada and had 2020 revenue of $33 billion. Exelon serves approximately 10 million customers in Delaware, the District of Columbia, Illinois, Maryland, New Jersey and Pennsylvania through its Atlantic City Electric, BGE, ComEd, Delmarva Power, PECO and Pepco subsidiaries. Exelon is one of the largest competitive U.S. power generators, with more than 31,000 megawatts of nuclear, gas, wind, solar and hydroelectric generating capacity comprising one of the nation’s cleanest and lowest-cost power generation fleets. The company’s Constellation business unit provides energy products and services to approximately 2 million residential, public sector and business customers, including three fourths of the Fortune 100. Follow Exelon on Twitter @Exelon.
Elizabeth Keating
Exelon Corporate Communications
312-848-0176
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TAMPA, Fla.--(BUSINESS WIRE)--$AZPN #AI--Tech company mIQroTech takes one more step into the future of the oil and gas industry. The startup announced today the addition of four new members to their board of directors: Jeff Brashear, Gary Weiss, Don Bortniak, and Paul Silvis. Led by founder, chief executive officer, and chairman Meade Lewis, this board will continue to pave the way for digital transformation in the oil and gas industry.
CEO Meade Lewis says of the development, “We’re pleased to welcome new members to our board of directors that represent a range of diversified expertise. With each member’s record of excellence in their field, we firmly believe that this board will lead mIQroTech to new heights of success. I’m looking forward to serving alongside them as we usher in a new era for oil and gas. We’ve found the right people with the right vision to get the job done.”
The new board members began their 3-year terms effective January 2021. The board is now comprised of the following members:
Meade Lewis, Chairman of the Board -- From mIQroTech getting accepted into top accelerators such as Ocean and Plug-and-Play, to a partnership with Chevron Technology Ventures Catalyst Program, and investments from major institutional funds, Meade has led the company since inception in 2017. With previous experience as the Chief Information Technology Officer of two oil and gas firms, both resulting in successful acquisitions, Meade has a deep knowledge of what it takes to disrupt the oil and gas sector. With further background of co-founding a 2010’s “Big Data” analytics firm, Meade not only managed to achieve his third exit, but gathered experience in leveraging massive data sets to best suit enterprise intelligence gathering. An Eagle Scout, with a deep passion for the environment, Meade has made his career on disrupting archaic industries by inventing innovative technology systems and generating impressive returns for investors.
Jeff Brashear -- Currently serving as the mIQroTech Chief Operating Officer, Jeff is responsible for integrating the front and back office technologies and processes. Previously, with the Combat Mission Systems division of BAE Systems, he served in various leadership roles critical to the integration of performance management, analytics, and data management of business systems and processes. As an Army veteran, he led multiple organizations in and out of combat while also serving in SOCOM and logistics before ending his career as an analyst. At the Center for Army Analysis and the US Army War College, he led multiple efforts applying analytics and qualitative analysis to strategic level decision making. Having bought, sold, and started several small businesses, Jeff has a diverse and solid background, particularly in building and leading teams and organizations and using the analytics process to solve business problems.
Gary Weiss -- Joining the mIQroTech team after being the Chief Operating Officer at Aspen Technology (AZPN), Gary led Product Management, Field and Customer Operations through AZPN’s rapid growth phase targeting the Oil, Gas, Chemicals, and Energy markets. Gary’s previous experiences from early phase companies in Security to larger Enterprise Information Management companies will be valuable in navigating our growth strategies. With a deep understanding of deal structures, acquisitions, and relationships throughout the industry, Gary will help develop mIQroTech into the unicorn it is destined to become.
Don Bortniak -- An early mIQroTech investor who immediately saw synergies between the mIQroTech mission, his desires of a better future for the world, and his previous work in technology at Siemens, Don thrives in supporting mIQroTech's technological achievements and team. During his more than 27 years of time at Siemens in various areas including an international assignment, automation was a key factor of growth as a company. Similarly, mIQroTech is aiming to automate the response systems for one of the most critical infrastructures in the country.
Paul Silvis -- With two previous start-ups under his belt, and one successful exit, Paul not only helps mIQroTech make critical decisions, but has even invested into the mission. An expert in all things related to technology and intellectual property, he understands the game-changing potential for the mIQroTech solution. Through Paul’s previous success, he has become an important leader within his local community of State College, Pennsylvania. This local leadership passion that Paul lives his life by is something mIQroTech strives to become for the communities around their team.
About mIQroTech
Founded in late 2017 by serial entrepreneur Meade Lewis, mIQroTech is an innovative technology company dedicated to cleaning up the oil and gas industry. By merging smart sensors, Internet of Things, Artificial intelligence, and Analytics, mIQroTech’s comprehensive pipeline monitoring solution predicts pipeline leaks and increases operational efficiency in the field. With its continued development of groundbreaking solutions, mIQroTech aims to bring more efficient operations to the oil and gas industry and for a cleaner, safer environment.
Lexi Gresh, Director of Brand Development and Marketing
814-933-6019
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mIQroTech.com
NEW YORK--(BUSINESS WIRE)--#JohnHess--Hess Corporation (NYSE: HES) announced today that John Hess, Chief Executive Officer, will participate in a Fireside Chat at the J.P. Morgan 2021 Energy, Power & Renewables Conference June 23 at 8:50 a.m. Eastern Time.
A live audio webcast and a replay of the discussion will be accessible via Hess Corporation’s website.
Hess Corporation is a leading global independent energy company engaged in the exploration and production of crude oil and natural gas. More information on Hess Corporation is available at https://www.hess.com/.
Cautionary Statements
This presentation will contain projections and other 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 projections and statements reflect the company’s current views with respect to future events and financial performance. No assurances can be given, however, that these events will occur or that these projections will be achieved, and actual results could differ materially from those projected as a result of certain risk factors. A discussion of these risk factors is included in the company’s periodic reports filed with the Securities and Exchange Commission.
Investor contact:
Jay Wilson
(212) 536-8940
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Media contact:
Lorrie Hecker
(212) 536-8250
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COLUMBUS, Ohio--(BUSINESS WIRE)--Battelle and its team of partners have successfully concluded the carbon capture, utilization and storage (CCUS) research associated with the Midwest Regional Carbon Sequestration Partnership (MRCSP), paving the way forward for commercial deployment.
Battelle led MRCSP in three phases, starting with the initial characterization phase in 2003, moving to multiple small-scale pilot tests in the validation phase in 2005 and culminating in the large-scale development phase starting 2008. Now, the focus moves to commercialization and expanded regional initiatives, especially focused on the storage/sequestration portion of the climate change mitigation approach.
“We are so pleased to have completed this work,” said Dr. Neeraj Gupta, MRCSP Principal Investigator and Battelle’s Technical Director for Carbon Management. “We met all our objectives and stored more than two million tons of carbon dioxide in three phases, effectively and safely. The lessons learned from MRCSP research are now being applied to a number of commercial projects.”
A comprehensive series of MRCSP reports have now been approved by the United States Department of Energy (DOE) and can be downloaded from the announcements page of the newly formed Midwest Regional Carbon Initiative (MRCI). These include a Final Technical Report, topical reports on characterization, modeling, monitoring, life-cycle assessment, and regional scale-up for the large-scale test in Michigan. Also included are a series of topical reports on selected regional assessments in the 10-state MRCSP region. In addition, the MRCSP team has published extensively in peer-reviewed journals and conference proceedings to facilitate knowledge sharing.
“We congratulate Battelle and their partners on the MRCSP’s important accomplishments throughout all three phases,” said Dr. Jennifer Wilcox, Acting Assistant Secretary for Fossil Energy and Carbon Management. “We look forward to working with the MRCI to help commercialize those critical technologies.”
The MRCSP work has been funded primarily by the U.S. Department of Energy’s Fossil Energy program through the National Energy Technology Laboratory, with significant co-funding from the Ohio Coal Development Office in the Ohio Department of Development, Core Energy’s in-kind contributions, and numerous other partners. The MRCSP was a collaboration of nearly 40 government, industry and university partners joined to assess the technical potential, economic viability and public acceptability of CCUS for DOE. The field research was performed on the oilfield sites owned and operated by Core Energy.
“We were proud to collaborate with Battelle, NETL and the other MRCSP stakeholders on this very practical and foundational research over the last 12 years,” said Bob Mannes, President of Core Energy. “The operational expertise of the Core Energy team was vital to this field demonstration proving the safe and secure injection of over two million tons of CO2 in Michigan. This characterization work will be foundational to commercial projects in the future as it demonstrates that Michigan has the capacity to safely store hundreds of years of carbon emissions.”
In transitioning to the next phase of CCUS development, the MRCSP program has evolved into the MRCI, led by Battelle and the Illinois State Geological Survey. MRCI aims to advance CCUS research by addressing key technical challenges, obtaining and sharing data to support CCUS, facilitating regional infrastructure planning and performing regional technology transfer. The MRCI study region covers 20 states in the Midwest and Northeast United States and includes collaboration with the state geological surveys, industry, and universities across the region.
The Midwest part of the U.S. is undergoing a major energy transition, which includes continued reliance on coal-based energy, but with a sharply increasing natural gas use and potential for deployment of new energy technologies. All of these will require use of CCUS for disposition of carbon dioxide. Meeting this demand for carbon dioxide storage will require characterization, qualification, and development of numerous storage sites associated with carbon capture. These future projects also offer a major employment opportunity for people currently engaged in oil and gas related industries.
About Battelle
Every day, the people of Battelle apply science and technology to solving what matters most. At major technology centers and national laboratories around the world, Battelle conducts research and development, designs and manufactures products, and delivers critical services for government and commercial customers. Headquartered in Columbus, Ohio since its founding in 1929, Battelle serves the national security, health and life sciences, and energy and environmental industries. For more information, visit www.battelle.org.
Media Contacts
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SOLON, Ohio--(BUSINESS WIRE)--Energy Focus, Inc. (”Energy Focus,” “we,” “our,” “us” or the “Company”) (NASDAQ:EFOI), a leader in sustainable and human-centric lighting (“HCL”) technologies and developer of a range of UV-C disinfection products, today announced that it has entered into definitive securities purchase agreements with certain institutional investors for the issuance and sale of 990,100 shares of the Company’s common stock, at a purchase price of $5.05 per share, in a registered direct offering priced at-the-market under the rules of The Nasdaq Stock Market (“Nasdaq”). The closing of the sale of the securities is expected to occur on or about June 16, 2021, subject to the satisfaction of customary closing conditions.
H.C. Wainwright & Co. is acting as the exclusive placement agent for the offering.
The gross proceeds to the Company are expected to be approximately $5.0 million, before deducting placement agent fees and other offering expenses. Energy Focus currently intends to use the net proceeds from the offering for general corporate purposes, and may use up to 50% of the net proceeds from the offering to reduce the balance of an outstanding promissory note.
The shares of common stock are being offered pursuant to a “shelf” registration statement on Form S-3 (Registration No. 333-228255) (the “Registration Statement”), which was declared effective by the Securities and Exchange Commission (the “SEC”) on December 4, 2018. A prospectus supplement to the prospectus contained in the Registration Statement relating to the offering will be filed with the SEC. Electronic copies of the prospectus supplement and the accompanying prospectus relating to the registered direct offering may be obtained, when available, from H.C. Wainwright & Co., LLC, 430 Park Avenue 3rd Floor, New York, New York 10022, or by calling (646) 975-6996 or by emailing This email address is being protected from spambots. You need JavaScript enabled to view it. or at the SEC’s website at http://www.sec.gov.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.
About Energy Focus
Energy Focus is an industry-leading innovator of sustainable and human-centric lighting and lighting control technologies and solutions, as well as UV-C Disinfection technologies and solutions. As the creator of the first flicker-free LED lamps, Energy Focus develops high quality LED lighting products and controls that provide extensive energy and maintenance savings, as well as aesthetics, safety, health and sustainability benefits over conventional lighting. Our EnFocus™ lighting control platform enables existing and new buildings to provide quality, convenient and affordable, dimmable and color-tunable, circadian and human-centric lighting capabilities. In addition, our patent-pending UV-C Disinfection technologies and products (UV™ by Energy Focus), announced in late 2020, aim to provide effective, reliable and affordable UVCD solutions for buildings, facilities and homes. Energy Focus’ customers include U.S. and foreign navies, U.S. federal, state and local governments, healthcare and educational institutions, as well as Fortune 500 and middle market companies.
Energy Focus is headquartered in Solon, Ohio. For more information, visit energyfocus.com.
Forward-Looking Statements:
Forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Generally, these statements can be identified by the use of words such as “believes,” “estimates,” “anticipates,” “expects,” “seeks,” “projects,” “intends,” “plans,” “may,” “will,” “should,” “could,” “would” and similar expressions intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. These forward-looking statements include all matters that are not historical facts and include statements regarding our current expectations concerning, among other things, statements regarding the offering, the intended use of proceeds and the timing of the closing of the offering. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. Although we base these forward-looking statements on assumptions that we believe are reasonable when made, we caution you that forward-looking statements are not guarantees of future performance. Actual results may differ materially from our forward-looking statements due to, among other things: disruptions and a slowing in the U.S. and global economy and business interruptions experienced by us, our customers and our suppliers as a result of the COVID-19 pandemic and related impacts on travel, trade and business operations; our ability to realize the expected novelty, disinfection effectiveness, affordability and estimated delivery timing of our ultraviolet light disinfection (“UVCD”) products and their performance and cost compared to other products; our ability to extend our product portfolio into commercial services and consumer products; market acceptance of our LED lighting, control and UVCD technologies and products; our need for additional financing in the near term to continue our operations; our ability to refinance or extend maturing debt on acceptable terms or at all; our ability to continue as a going concern for a reasonable period of time; our ability to implement plans to increase sales and control expenses; our reliance on a limited number of customers for a significant portion of our revenue, and our ability to maintain or grow such sales levels; our ability to add new customers to reduce customer concentration; our reliance on a limited number of third-party suppliers and research and development partners, our ability to manage third-party product development and obtain critical components and finished products from such suppliers on acceptable terms and of acceptable quality, and the impact of our fluctuating demand on the stability of such suppliers; our ability to timely and efficiently transport products from our third-party suppliers to our facility by ocean marine channels; our ability to increase demand in our targeted markets and to manage sales cycles that are difficult to predict and may span several quarters; the timing of large customer orders, significant expenses and fluctuations between demand and capacity as we invest in growth opportunities; our ability to compete effectively against companies with lower cost structures or greater resources, or more rapid development efforts, and new competitors in our target markets; our ability to successfully scale our network of sales representatives, agents, and distributors to match the sales reach of larger, established competitors; our ability to attract, develop and retain qualified personnel, and to do so in a timely manner; the impact of any type of legal inquiry, claim or dispute; general economic conditions in the United States and in other markets in which we operate or secure products; our dependence on military maritime customers and on the levels and timing of government funding available to such customers, as well as the funding resources of our other customers in the public sector and commercial markets; business interruptions resulting from geopolitical actions, including war and terrorism, natural disasters, including earthquakes, typhoons, floods and fires, or from health epidemics or pandemics or other contagious outbreaks; our ability to respond to new lighting technologies and market trends, and fulfill our warranty obligations with safe and reliable products; any delays we may encounter in making new products available or fulfilling customer specifications; any flaws or defects in our products or in the manner in which they are used or installed; our ability to protect our intellectual property rights and other confidential information, and manage infringement claims by others; our compliance with government contracting laws and regulations, through both direct and indirect sale channels, as well as other laws, such as those relating to the environment and health and safety; risks inherent in international markets, such as economic and political uncertainty, changing regulatory and tax requirements and currency fluctuations, including tariffs and other potential barriers to international trade; our ability to maintain effective internal controls and otherwise comply with our obligations as a public company; our ability to maintain compliance with the continued listing standards of Nasdaq; market conditions; failure to satisfy the closing conditions of the offering; and our results of operations and financial condition. Any forward-looking statements speak only as of the date on which they are made, and except as may be required under applicable securities laws, we do not undertake any obligation to update any forward-looking statements, except as required by law.
Investor Contact:
Brett Maas
(646) 536-7331
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Eight-megawatt solar array advances shared energy goals
MADISON, Wis.--(BUSINESS WIRE)--Madison Gas and Electric (MGE) has received approval from the Public Service Commission of Wisconsin (PSCW) for an 8-megawatt (MW) solar array to be built in Madison. Known as the Hermsdorf Solar project, it will provide locally generated solar energy to the City of Madison and the Madison Metropolitan School District (MMSD) under MGE's innovative Renewable Energy Rider (RER).
"Clean energy is important to MGE, to our partners on this project and to our community. Hermsdorf Solar will add 8 megawatts of locally generated, cost-effective, carbon-free energy to our electric grid," said MGE Chairman, President and CEO Jeff Keebler. "This partnership between MGE, the City of Madison and MMSD is another great example of how working together we can advance shared energy goals and achieve net-zero carbon electricity for all of our customers by 2050."
"The Hermsdorf Solar project, in partnership with MGE and MMSD, will take the City of Madison one step closer to the goal of 100% renewable energy," said Madison Mayor Satya Rhodes-Conway. "We thank the Public Service Commission for moving this project forward and look forward to flipping the switch on 5 MW of Madison's clean energy later this year."
"The groundbreaking for this project signifies a significant step towards achieving our district's renewable energy goals for the future," said Madison Metropolitan School District Superintendent, Dr. Carlton D. Jenkins. "With a focus on mitigating climate change to the benefit of our community, our students, staff and board of education worked collaboratively to establish goals to meet 50% of all MMSD's energy needs with renewable energy by 2030, 75% by 2035 and 100% by 2040. Through our tremendous partnership with the City of Madison, this project alone will move an estimated 16% of MMSD's traditional energy from MGE entirely over to solar-produced energy."
The City will take 5 MW of the output and MMSD will take 3 MW of the output under separate RER agreements with MGE. The electricity generated by this local source of clean energy is expected to increase renewable energy use in City operations by nearly 20% and MMSD by about 16%.
Details of 8-MW solar project
The solar array will consist of about 28,000 solar panels and will cover approximately 53 acres of land north of Dane County's Rodefeld Landfill in southeast Madison. The project will be developed by NextEra Energy Resources Development, LLC. Construction is expected to begin this summer with the solar array generating electricity by the end of the year.
Renewable Energy Rider grows local clean energy
MGE's RER enables MGE to partner with a large energy user to tailor a renewable energy solution to meet that customer's energy needs. The City of Madison and MMSD have entered into RER agreements with MGE, which were approved by the PSCW. RER customers are responsible for costs associated with the renewable generation facility and any distribution costs to deliver energy to the customer. The RER model grows clean energy in our community.
MGE's net‐zero carbon electricity goal
In May 2019, MGE announced its goal of net-zero carbon electricity by 2050, making it one of the first utilities in the nation to commit to net-zero carbon by mid-century. MGE's net-zero goal is consistent with the latest climate science from the Intergovernmental Panel on Climate Change (IPCC) October 2018 Special Report on limiting global warming to 1.5 degrees Celsius.
To achieve deep decarbonization, MGE is growing its use of renewable energy, engaging customers around energy efficiency and working to electrify transportation, all of which are key strategies identified by the IPCC.
About MGE
MGE generates and distributes electricity to 157,000 customers in Dane County, Wis., and purchases and distributes natural gas to 166,000 customers in seven south-central and western Wisconsin counties. MGE's parent company is MGE Energy, Inc. The company's roots in the Madison area date back more than 150 years.
Steve Schultz
Corporate Communications Manager
608-252-7219 | This email address is being protected from spambots. You need JavaScript enabled to view it.
Hydrogen Vehicles Gets Favorable Marks, More State Support for Infrastructure Supported
SACRAMENTO, Calif.--(BUSINESS WIRE)--#ClimateAction--While Californians overwhelmingly support Governor Gavin Newsom’s executive order requiring all in-state sales of new passenger cars and trucks be zero-emission by 2035, they want vehicles that go longer distances and require shorter fueling times as well as more access to fueling options – qualities offered by hydrogen vehicles, according to a new poll of California voters released today by the California Hydrogen Coalition.
“The poll confirms that California policymakers shouldn’t put all of their eggs in the battery electric vehicle basket if we are to meet the Governor’s zero emission vehicle goal,” said Teresa Cooke, the Executive Director of the California Hydrogen Coalition. “Hydrogen vehicles offer the conveniences of gasoline-fueled vehicles, such as quick fueling and longer ranges, that are critical to attract buyers such as super commuters and apartment dwellers without access to charging stations. With strong voter support for increased funding for hydrogen infrastructure, the Legislature and Governor should bolster funding in this year’s budget to attract even more private sector investment so that hydrogen is an attractive choice for California motorists.”
The poll, conducted by David Binder Research of San Francisco for the California Hydrogen Coalition, found:
The poll was conducted by Binder Research from May 19-24, 2021 with 800 likely November 2022 voters in California. Interviews were conducted multi-modally using a combination of telephones (live-interviews to both cell phone and landlines), online via email, and via text message. Interviews were conducted in English and Spanish. The margin of sampling error for the full sample is ± 3.5%.
Steven Maviglio, 916-607-8340
BOSTON--(BUSINESS WIRE)--#LifeIsOn--Schneider Electric, the leader in the digital transformation of energy management and automation, has been named the Best Global Sustainable Supply Chain organization at the Global Sustainable Supply Chain Summit 2021 (GSSC Summit). This award puts Schneider Electric ahead of its peers in terms of operating greener and fairer supply chains.
The prize was presented at the inaugural summit’s award ceremony which took place virtually on June 8-10. Schneider was selected as the winner from a shortlist of top international companies, with the highest scores across more than 100 indicators, including energy waste, occupational health, and diversity and equal opportunities.
This award commends Schneider Electric’s efforts to reduce its supply chains’ carbon emissions by more than 100,000 tons over the past three years. By the end of 2020, 80 percent of Schneider’s operations were powered by renewables, enabled by Schneider’s own technologies and leveraging renewable Power Purchase Agreements (PPAs).
By placing sustainability at the heart of its current supply chain strategy, known as STRIVE (2021-2023) program, Schneider plans to have 70 net-zero carbon Plants and Distribution Centers by 2025 and progressively pursue further energy and carbon efficiencies across all of its ~300 manufacturing and warehousing facilities. Schneider has fixed its own carbon price up to 130€/ton to help with decision-making for supply chain investments with a significant CO2 impact.
A number of STRIVE’s program ambitions encompass Schneider’s ~15,000-strong network of main supply chain suppliers, engaged to continuously enhance their environmental, safety and social responsibility practices. Suppliers will also support the increased use of green materials in Schneider’s products and its transition to recycled cardboard packaging only.
As part of this commitment, Schneider recently launched the Zero Carbon Project, which aims to lower the carbon footprint of its supply chain. Under this initiative, the company will partner with its top 1,000 suppliers - which represent 70% of Schneider’s carbon emissions - to halve their operations’ CO2 emissions by 2025. The initiative is part of Schneider’s 2021-2025 sustainability goals, and is a concrete step towards limiting the rise in average global temperatures to 1.5°C or less by 2050, as targeted by the Paris Agreement.
Schneider Electric also helps its customers to reduce carbon emissions. Walmart, world’s biggest retailer, is working with Schneider on the Gigaton PPA Program, for Walmart suppliers to participate in aggregate PPAs as smaller companies may lack the size needed to approach these markets individually. Schneider’s work with Walmart aims to accelerate the use of renewables with Walmart’s supplier base and deliver one billion metric tons of avoided carbon emissions by 2030.
“Sustainability is central to STRIVE, Schneider Electric’s supply chain transformation strategy”, said Mourad Tamoud, Executive Vice-President, Global Supply Chain at Schneider Electric. “We always consider decarbonization, circularity, safety, and biodiversity preservation in our decision-making and supplier relationships. In a context of ongoing supply chain disruption caused by the pandemic, we value the open collaboration with the supply chain community at the GSSC Summit and are honored to receive this recognition.”
In January 2021, Schneider was also recognized by Corporate Knights as the most sustainable corporation in the world and in May, Schneider ranked fourth in the Top 25 Corporate Supply Chains ranking by Gartner.
To learn more, visit www.se.com
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:
https://twitter.com/SchneiderElec
https://www.facebook.com/SchneiderElectric?brandloc=DISABLE
https://linkedin.com/company/schneider-electric
https://www.youtube.com/user/SchneiderCorporate
https://instagram.com/schneiderelectric
https://blog.se.com/
Hashtags: #LifeIsOn #SupplyChain
Thomas Eck, This email address is being protected from spambots. You need JavaScript enabled to view it., 917-797-4974
ANNAPOLIS, Md.--(BUSINESS WIRE)--Hannon Armstrong Sustainable Infrastructure Capital, Inc. (“Hannon Armstrong” or the “Company”) (NYSE: HASI), a leading investor in climate change solutions, today announced it has upsized and priced its private offering of $1 billion in aggregate principal amount of 3.375% senior unsecured notes due 2026 (the “Notes”) by its indirect subsidiaries, HAT Holdings I LLC (“HAT I”) and HAT Holdings II LLC (“HAT II,” and together with HAT I, the “Issuers”). At issuance, the Notes will be guaranteed by the Company, Hannon Armstrong Sustainable Infrastructure, L.P. and Hannon Armstrong Capital, LLC. The offering was upsized from the previously announced $750 million in aggregate principal amount. The settlement of the Notes is expected to occur on June 28, 2021, subject to customary closing conditions.
The Company intends to utilize the net proceeds of this offering to redeem the Issuers’ 5.250% Senior Notes due 2024 (the “2024 notes”), which are green bonds. After this redemption, the Company intends to use the incremental net proceeds of this offering to acquire or refinance, in whole or in part, eligible green projects, which include assets that are neutral to negative on incremental carbon emissions. In addition, these eligible green projects may include projects with disbursements made during the twelve months preceding the issue date of the bonds and those with disbursements to be made following the issue date. Prior to the full investment of such net proceeds, the Company intends to invest such net proceeds in interest-bearing accounts and short-term, interest-bearing securities which are consistent with the Company's intention to continue to qualify for taxation as a REIT.
The Notes and the related guarantees are being offered only to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and non-U.S. persons outside the United States pursuant to Regulation S under the Securities Act. The Notes and the related guarantees will not be registered under the Securities Act or any state securities laws and may not be offered or sold in the United States absent an effective registration statement or an applicable exemption from the registration requirements of the Securities Act or any state securities laws.
This press release shall not constitute an offer to sell, or the solicitation of an offer to buy, these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. This press release shall not constitute a notice of redemption for the 2024 notes
About Hannon Armstrong
Hannon Armstrong (NYSE: HASI) is the first U.S. public company solely dedicated to investments in climate solutions, providing capital to leading companies in energy efficiency, renewable energy, and other sustainable infrastructure markets. With more than $7 billion in managed assets as of March 31, 2021, Hannon Armstrong’s core purpose is to make climate-positive investments with superior risk-adjusted returns.
Forward-Looking Statements
Some of the information in this press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. When used in this press release, words such as “believe,” “expect,” “anticipate,” “estimate,” “plan,” “continue,” “intend,” “should,” “may,” “target,” or similar expressions are intended to identify such forward-looking statements. Forward-looking statements are subject to significant risks and uncertainties. Investors are cautioned against placing undue reliance on such statements. Actual results may differ materially from those set forth in the forward-looking statements. Factors that could cause actual results to differ materially from those described in the forward-looking statements include those discussed under the caption “Risk Factors” included in the Company’s Annual Report on Form 10-K for the Company’s fiscal year ended December 31, 2020, which was filed with the U.S. Securities and Exchange Commission (“SEC”), as well as in other reports that the Company files with the SEC.
Forward-looking statements are based on beliefs, assumptions and expectations as of the date of this press release. The Company disclaims any obligation to publicly release the results of any revisions to these forward-looking statements reflecting new estimates, events or circumstances after the date of this press release.
INVESTOR RELATIONS INQUIRIES
Chad Reed
410-571-6189
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BEND, Ore.--(BUSINESS WIRE)--#CNG--Onboard Dynamics has responded to the critical need to reduce methane releases into the atmosphere with their latest product launch of the GoVAC™ Flex. This simple, mobile, fully integrated solution will provide operators of natural gas pipelines a tool to safely minimize their greenhouse gas (GHG) emissions during routine pipeline maintenance.
As part of the product validation process with actual pipeline operators, successful pipeline evacuation projects have been held at utility companies in Oregon, California, and Nevada. The GoVAC Flex will be a key contributor to the mission of these companies in finding innovative clean natural gas solutions that are crucial to reducing GHG emissions while providing an affordable and sustainable energy future.
The GoVAC Flex is self-contained and fueled solely by a small amount of the natural gas that is being recovered during the evacuation process. It can draw a pipeline down to near zero psig and transfer the gas into an adjoining line at any pressure or compress the gas up to 3600 psi into a tube trailer for transport to another pipeline or end use location.
“We developed the GoVAC Flex to help our customers reach their critical goal of reducing greenhouse gas emissions,” said Rita Hansen, CEO of Onboard Dynamics. “We’re excited to launch this new product and demonstrate our leadership in the clean energy technology marketplace.”
The GoVAC Flex is small enough to be pulled by a half-ton pickup making it easy to transport to and maneuver around a job site. Despite its small size, it can evacuate a pipeline in less time than other approaches that require multiple pieces of equipment. Because it operates on clean natural gas, a pipeline evacuation operation utilizing the GoVAC Flex emits less GHG emissions than products that use a diesel-powered air compressor.
Founded in 2013, Onboard Dynamics is leading the climate-tech revolution with its unique, patented, mobile, and modular technology platform to responsibly manage and use natural gas. The innovative products based on this platform enable customers to achieve economic value and environmental benefits by simplifying the compression and transfer of natural gas. Whether deployed at a remote pipeline job site, in an oil or gas production field, at a dairy renewable methane recovery project, or at a fleet yard hosting clean natural gas vehicles, its products can compress natural gas or renewable natural gas from any source for convenient transfer via pipeline or high-pressure tanks for environmentally effective use. And there is never a need for an external electrical power source or diesel for operation. For more information, visit ObDI media coverage or connect on Twitter (@OnboardDynamics), Facebook, and LinkedIn.
Jason Vosburgh
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503-704-8416
NEW YORK & OSLO, Norway--(BUSINESS WIRE)--Alussa Energy Acquisition Corp. (“Alussa Energy”) (NYSE: ALUS) announced today that the U.S. Securities and Exchange Commission (“SEC”) has declared effective the registration statement on Form S-4 of FREYR Battery (as amended, the “Registration Statement”), which has been amended by a definitive proxy statement/prospectus in connection with Alussa Energy’s Extraordinary General Meeting of Alussa Energy shareholders (the “Special Meeting”) to consider matters related to the previously announced proposed business combination with FREYR AS (“FREYR”). Additionally, Alussa Energy today announced that it has set a meeting date of June 30, 2021 for the Special Meeting and a record date of April 30, 2021 (the “Record Date”), as disclosed in the Registration Statement.
“We are excited to deliver our transaction to the final stages of the business combination process. Approval from Alussa Energy’s shareholders will enable FREYR to deliver on its ambition of providing some of the world’s cleanest and most cost-effective batteries as a New York Stock Exchange-listed company,” said Daniel Barcelo, CEO, President and Director of Alussa Energy. “The Alussa Energy team remained true to its mission to facilitate the accelerating energy transition movement by partnering with FREYR to build a company focused on sustainability and decarbonization of transportation and energy systems around the globe. We thank our shareholders, investors in the private investment in public equity offering and other stakeholders for their strong commitment and support throughout our entire transaction process.”
Tom Einar Jensen, Co-Founder and CEO of FREYR, added, “The capital to be delivered in the business combination with Alussa Energy will catalyze FREYR’s plan to deliver 43 GWh of next-generation battery cell manufacturing capacity in Norway by 2025 and galvanize the rapidly developing battery ecosystem throughout the Nordic region. Since announcing the proposed business combination in January 2021, the interest for our planned clean, low-cost battery cells continues to accelerate. In the future, we look forward to announcing collaborations with offtake customers across transportation and energy storage market segments, global supply chain partners and other entities dedicated to providing battery electrification solutions at scale. FREYR is uniquely positioned to combine next-generation battery technology with a localized supply chain that leverages Norway’s distinctive advantages to realize our ambition to produce some of the world’s cleanest and most cost-effective batteries.”
Alussa Energy Shareholder Vote
Alussa Energy’s shareholders of record at the close of business on the Record Date are entitled to receive notice of the Special Meeting and to vote their Alussa ordinary shares at the Special Meeting. The meeting will be a completely virtual meeting of shareholders and will be conducted via live webcast. In connection with the Special Meeting, Alussa Energy shareholders that wish to exercise their redemption rights must do so no later than 5:00 p.m. Eastern Time on June 28, 2021 (two (2) business days prior to the Alussa Special Meeting) by following the procedures as specified in the definitive proxy statement/prospectus for the Special Meeting. There is no requirement that shareholders affirmatively vote for or against the business combination at the Special Meeting in order to redeem their shares for cash.
As announced previously, the business combination is to be effected through a newly created holding company, FREYR Battery (“Pubco”). Alussa Energy will become a wholly-owned subsidiary of Pubco, and the legacy business of FREYR (other than FREYR’s wind business) will be operated by a wholly-owned subsidiary of Pubco upon the consummation of the transaction. FREYR Battery’s ordinary shares and warrants are expected to be traded on the New York Stock Exchange under the new symbols “FREY” and “FREY.WS”, respectively. At the closing of the business combination, each Alussa Energy unit will separate into its components consisting of one Alussa Energy ordinary share and one-half of one warrant and, as a result, will no longer trade as a separate security.
The Record Date determines the holders of Alussa Energy’s ordinary shares entitled to receive notice of and to vote at the Special Meeting, and at any adjournment or postponement thereof, whereby shareholders will be asked to approve and adopt the business combination, and such other proposals as disclosed in the definitive proxy statement included in the Registration Statement. If the business combination and other proposals are approved by Alussa Energy shareholders, Alussa Energy anticipates closing the business combination shortly after the Special Meeting, subject to the satisfaction or waiver (as applicable) of all other closing conditions.
The Special Meeting will take place at 10:00 a.m., Eastern Time, on June 30, 2021 via a virtual meeting at the following address: https://www.cstproxy.com/alussaenergy/2021. Investors who hold Alussa Energy’s ordinary shares in “street name” or in a margin or similar account, which means that the shares are held of record by a broker, bank or nominee, should contact their broker, bank or nominee to ensure that votes related to the shares they beneficially own are properly counted. In this regard, they must instruct their broker, bank or other nominee how to vote the shares they beneficially own in accordance with the voting instruction form they receive from their broker, bank or other nominee. If they wish to virtually attend the Special Meeting and vote, they must contact their broker, bank or other nominee to obtain a legal proxy and instructions on the procedures to be followed. Beneficial investors who own their investments through a bank or broker and wish to attend the meeting will need to contact Continental Stock Transfer & Trust Company to receive a control number at least 72 hours before the Alussa Special Meeting. Alussa Energy recommends that its shareholders wishing to vote at the Special Meeting log in at least 15 minutes before the Special Meeting start time. Please note that Alussa Energy shareholders will not be able to attend the Special Meeting in person. Alussa Energy encourages its shareholders entitled to vote at the Special Meeting to vote their shares via proxy in advance of the Special Meeting by following the instructions on the proxy card.
A list of Alussa Energy shareholders entitled to vote at the Special Meeting will be open to the examination of any Alussa Energy shareholder at Continental Stock Transfer & Trust Company’s offices, for any purpose germane to the Special Meeting, during regular business hours for a period of ten calendar days before the Special Meeting.
Alussa Energy/FREYR Capital Markets Update Webcast
Alussa Energy and FREYR will jointly host a virtual Capital Markets Update at 10:00 a.m. Eastern Time on June 22, 2021 to discuss items related to the business combination and provide an update on business activities at FREYR. In addition, the webcast will feature Jarand Rystad, CEO of Rystad Energy, who will provide the firm’s macro outlook for global energy transition trends and the battery industry. Alussa Energy and FREYR will provide registration information for the event in a subsequent press release ahead of the webcast.
About Alussa Energy Acquisition Corp.
Alussa Energy is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. While Alussa Energy may pursue an acquisition opportunity in any industry or sector, Alussa Energy intends to focus on businesses across the entire global energy supply chain. For more information, please visit www.alussaenergy.com.
About FREYR AS
FREYR plans to develop up to 43 GWh of battery cell production capacity by 2025 to position the company as one of Europe’s largest battery cell suppliers. The facilities will be located in the Mo i Rana industrial complex in Northern Norway, leveraging Norway’s highly skilled workforce and abundant, low-cost renewable energy sources from hydro and wind in a crisp, clear and energized environment. FREYR will supply safe, high energy density and cost competitive clean battery cells to the rapidly growing global markets for electric vehicles, energy storage, and marine applications. FREYR is committed to supporting cluster-based R&D initiatives and the development of an international ecosystem of scientific, commercial, and financial stakeholders to support the expansion of the battery value chain in our region. For more information, please visit www.freyrbattery.com.
Forward-Looking Statements
This press release contains, and certain oral statements made by representatives of Alussa Energy and FREYR and their respective affiliates, from time to time may contain, “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Alussa Energy’s, Pubco’s and FREYR’s actual results may differ from their expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “might” and “continues,” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, expectations with respect to the shareholder approval of the business combination, the listing of Pubco’s common stock and warrants on the New York Stock Exchange, the production of clean and cost-effective batteries, the plan to deliver 43 GWh of next-generation battery cell manufacturing capacity in Norway by 2025, collaborations with customers and global supply chain partners across the transportation and energy storage sectors, the ability to leverage the Nordic region’s developing battery ecosystem and the closing of the business combination shortly after the Special Meeting. These forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from expected results. Most of these factors are outside the control of Alussa Energy, Pubco or FREYR and are difficult to predict. Factors that may cause such differences include, but are not limited to: the inability to consummate the transaction due to failure to obtain approval of the shareholders of Alussa Energy; the inability to obtain the listing of Pubco’s common stock and warrants on the New York Stock Exchange following the transaction; the failure of capital to be delivered in the business combination; the risk that the transaction disrupts current plans and operations as a result of the announcement and consummation of the transaction; the inability to recognize anticipated benefits of the proposed business combination; the possibility that Alussa Energy, Pubco or FREYR may be adversely affected by other economic, business, and/or competitive conditions that might lead to, among other things, a failure to develop clean and cost-effective batteries, deliver on the targeted battery cell manufacturing capacity, leverage Norway’s perceived advantages in battery production and build collaborations with customers in the transportation and energy markets; and other risks and uncertainties identified in the registration/proxy statement relating to the transaction, including those under “Risk Factors” therein, and in other filings with the SEC made by Alussa Energy, Pubco and FREYR. Alussa Energy, Pubco and FREYR caution that the foregoing list of factors is not exclusive, and caution readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. None of Alussa Energy, Pubco or FREYR undertakes or accepts any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based, subject to applicable law.
No Offer or Solicitation
This press release is for informational purposes only and shall not constitute an offer to sell or the solicitation of an offer to buy any securities pursuant to the transaction or otherwise, nor shall there be any sale of securities in any jurisdiction in which the offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.
No Assurances
There can be no assurance that the transaction will be completed, nor can there be any assurance, if the transaction is completed, that the potential benefits of combining the companies will be realized.
Information Sources; No Representations
This press release has been prepared for use by Alussa Energy, Pubco and FREYR in connection with the transaction. The information herein does not purport to be all-inclusive. The information herein is derived from various internal and external sources, with all information relating to the business, past performance, results of operations and financial condition of Alussa Energy was derived entirely from Alussa Energy and all information relating to the business, past performance, results of operations and financial condition of FREYR and Pubco was derived entirely from FREYR. No representation is made as to the reasonableness of the assumptions made with respect to the information herein, or to the accuracy or completeness of any projections or modeling or any other information contained herein. Any data on past performance or modeling contained herein is not an indication as to future performance.
No representations or warranties, express or implied, are given in respect of this press release. To the fullest extent permitted by law in no circumstances will Alussa Energy, Pubco or FREYR, or any of their respective subsidiaries, affiliates, shareholders, representatives, partners, directors, officers, employees, advisors or agents, be responsible or liable for any direct, indirect or consequential loss or loss of profit arising from the use of this press release, its contents (including without limitation any projections or models), any omissions, reliance on information contained within it, or on opinions communicated in relation thereto or otherwise arising in connection therewith, which information relating in any way to the operations of FREYR or Pubco has been derived, directly or indirectly, exclusively from FREYR and has not been independently verified by Alussa Energy. Neither the independent auditors of Alussa Energy nor the independent auditors of FREYR or Pubco audited, reviewed, compiled or performed any procedures with respect to any projections or models for the purpose of their inclusion in this press release and, accordingly, neither of them expressed any opinion or provided any other form of assurances with respect thereto for the purposes of this press release.
Important Information about the Transaction and Where to Find It
In connection with the transaction, Alussa Energy and Pubco have filed and will file relevant materials with the SEC, including a Form S-4 registration statement filed by Pubco on March 26, 2021 and amended on May 7, May 27, and June 9, 2021 (the “S-4”), which includes a prospectus with respect to Pubco’s securities to be issued in connection with the proposed business combination and a proxy statement (the “Proxy Statement”) with respect to Alussa Energy’s shareholder meeting at which Alussa Energy’s shareholders will be asked to vote on the proposed business combination and related matters. ALUSSA ENERGY SHAREHOLDERS AND OTHER INTERESTED PERSONS ARE ADVISED TO READ THE S-4 AND THE AMENDMENTS THERETO AND OTHER INFORMATION FILED WITH THE SEC IN CONNECTION WITH THE TRANSACTION, AS THESE MATERIALS WILL CONTAIN IMPORTANT INFORMATION ABOUT ALUSSA ENERGY, PUBCO, FREYR AND THE TRANSACTION. The Proxy Statement contained in the S-4 and other relevant materials for the transaction are being mailed to shareholders of Alussa Energy as of April 30, 2021. The preliminary S-4 and Proxy Statement, the final S-4 and definitive Proxy Statement and other relevant materials in connection with the transaction (when they become available), and any other documents filed by Alussa Energy with the SEC, may be obtained free of charge at the SEC’s website (www.sec.gov) or by writing to Alussa Energy Acquisition Corp. at c/o PO Box 500, 71 Fort Street, Grand Cayman KY1-1106, Cayman Islands.
Participants in Solicitation
Alussa Energy, Pubco and FREYR and their respective directors, executive officers and employees and other persons may be deemed to be participants in the solicitation of proxies from the holders of Alussa Energy ordinary shares in respect of the proposed transaction. Alussa Energy shareholders and other interested persons may obtain more detailed information regarding the names and interests in the transaction of Alussa Energy’s directors and officers in Alussa Energy’s and Pubco’s filings with the SEC, including when filed, the S-4 and the Proxy Statement. These documents can be obtained free of charge from the sources indicated above.
For investor inquiries, please contact:
For Alussa Energy:
Chi Chow
Investor Relations
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Tel: (+1) 929-303-6514
For FREYR:
Steffen Føried
Chief Financial Officer
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(+47) 975 57 406
Harald Bjørland
Investor Relations
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(+47) 908 58 221
For media inquiries, please contact:
For Alussa Energy:
Emma Wolfe
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For FREYR:
Hilde B. Rønningsen
Director of Communications
Phone: +47 4539 7184
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DUBLIN--(BUSINESS WIRE)--The "North America Solar Panel Recycling Market 2020-2027 by Process (Mechanical, Thermal, Laser, Chemical), Panel Type (Monocrystalline, Polycrystalline, Thin Film), Shelf Life (Early Loss, Normal Loss), and Country: Trend Outlook and Growth Opportunity" report has been added to ResearchAndMarkets.com's offering.
North America solar panel recycling market is expected to grow by 18.3% annually in the forecast period and reach $101.3 million by 2027 driven by the growing demand for clean energy, increasing growing adoption of solar power, and rising support of the government toward sustainable development.
Highlighted with 21 tables and 33 figures, this 82-page report "North America Solar Panel Recycling Market 2020-2027 by Process (Mechanical, Thermal, Laser, Chemical), Panel Type (Monocrystalline, Polycrystalline, Thin Film), Shelf Life (Early Loss, Normal Loss), and Country: Trend Outlook and Growth Opportunity" is based on comprehensive research of the entire North America solar panel recycling market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2017-2019 and provides an estimate/forecast from 2020 till 2027 with 2019 as the base year.
In-depth qualitative analyses include identification and investigation of the following aspects:
The trend and outlook of North America market is forecast in an optimistic, balanced, and conservative view by taking into account of COVID-19. The balanced (most likely) projection is used to quantify North America solar panel recycling market in every aspect of the classification from perspectives of Process, Panel Type, Shelf Life, and Country.
Based on Process, the North America market is segmented into the following sub-markets with annual revenue for 2017-2027 included in each section.
Based on Panel Type, the North America market is segmented into the following sub-markets with annual revenue for 2017-2027 included in each section.
Based on Shelf Life, the North America market is segmented into the following sub-markets with annual revenue for 2017-2027 included in each section.
Geographically, the following national/local markets are fully investigated:
For each key country, detailed analysis and data for annual revenue are available for 2017-2027. The breakdown of key national markets by Process, Panel Type, and Shelf Life over the forecast years are also included.
The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
Key Topics Covered:
1 Introduction
2 Market Overview and Dynamics
3 Segmentation of North America Market by Process
4 Segmentation of North America Market by Panel Type
5 Segmentation of North America Market by Shelf Life
6 North America Market 2020-2027 by Country
7 Competitive Landscape
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/1nq4bb
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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GoFor’s Founder Brad Rollo to Become Chief Strategy Officer
TORONTO--(BUSINESS WIRE)--GoFor, North America’s leading marketplace for last mile, on-demand and same-day delivery and logistics, today announced that its Board of Directors has selected Ian Gardner to succeed Brad Rollo as Chief Executive Officer effective June 10, 2021. Brad Rollo, Founder of GoFor, was diagnosed with cancer last year, and due to this battle he will transition to the position of Chief Strategy Officer. He will remain Executive Chairman on the Board of Directors.
"Founding and growing GoFor has been an absolute honor, privilege and one of the most rewarding things I have ever done; however, given the circumstances, I need to focus on my health to ensure the best possible outcome," said Brad Rollo, outgoing CEO and Founder. “I started this company on the back of a napkin in late 2015 with a vision to create a better delivery alternative for big and bulky products in the construction industry, a mission we have definitely accomplished.”
Under Rollo’s leadership, GoFor now serves other verticals beyond construction, including retail, e-commerce and fulfillment, operating in 86 locations today and on track to double its operating reach across North America in 2021. The company’s employee headcount has increased over 150% this past year and revenue has exceeded 5319% over the last three years. Additionally, GoFor has raised close to $30M in pre-seed, Seed and Series A growth investments.
Rollo continued, “I am very excited about the future of our business under Ian’s leadership and congratulate him on the appointment as CEO of this amazing company. Ian brings a wealth of expertise which will be incredibly valuable as we continue to execute on GoFor’s strategic growth initiatives. I will be working closely with Ian and I am confident that GoFor will benefit from his insights, judgment and direction.”
Gardner joined GoFor as part of the company’s partnership with Royale EV earlier this year. He brings over 25 years of experience to GoFor in commercial EVs, energy, management consulting and finance. Gardner most recently served as CEO of Royale EV, a commercial electric fleet-as-a-service provider. Previously, he was the President of Chanje Energy, the first medium-duty, all-electric commercial truck original equipment manufacturer (OEM) and the Chief Strategy and Investment Officer of LA Cleantech Incubator. Earlier in his career, Gardner also held roles at the Boston Consulting Group and Duke Energy.
“I am honored to lead GoFor Industries, and on behalf of the entire executive team and board, I want to thank Brad for building this leading delivery and logistics marketplace. I look forward to evolving his vision and the success that the company has achieved under Brad’s leadership," said Ian Gardner. “It is an exciting time for the company as we embark on important efforts to unlock GoFor’s full potential, scaling the business and diversifying our vertical mix and targeting new revenue streams. I am delighted that Brad will remain part of GoFor and I look forward to working with him and continuing to shape the next evolution of the company’s strategy and expansion going forward into the Americas and international markets.”
For more information, visit www.gofordelivers.com.
About GoFor
"Get it Delivered Now" — that’s the GoFor promise. GoFor delivers any package, small to big and bulky, locally within three hours. The Ottawa, Ontario, Canada-based company helps North American businesses of all sizes get their products into the hands of customers faster and works with some of the biggest names in the retail, construction, and supply-chain industries. Small companies can use GoFor’s outsourced truck fleets and web-based scheduling solutions. Large businesses can supplement and scale their own existing fleets, and link to GoFor’s logistics platform. The result is efficient, cost-effective delivery servicing today’s "I want it now" online customer. For more information on GoFor, visit www.gofordelivers.com. To read more about GoFor’s recent announcements, visit www.gofordelivers.com/news.
Megan Gasper
Walker Sands
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