MIDLAND, Texas--(BUSINESS WIRE)--Colgate Energy Partners III, LLC (the “Company” or “Colgate”) announced today that it has entered into a definitive agreement with Occidental to purchase approximately 25,000 net acres and 10,000 Boepd in Reeves and Ward Counties, TX for approximately $508 million, subject to customary closing adjustments. The effective date of the transaction is April 1, 2021, with closing expected to occur in Q3 of 2021.
Transaction Highlights
Pro Forma Business Highlights
Will Hickey, Co-CEO of Colgate, commented, “The acquisition of these assets in the core of the Southern Delaware Basin is a transformational deal for Colgate that checks all of the boxes of our acquisition criteria. It is a great mix of low decline production and high rate of return locations that will immediately compete for capital with our existing portfolio. Given the proximity to our current assets, we are confident that we can leverage our ongoing operations to maximize the value of this acquisition for our investors.”
“This acquisition, along with the recently acquired Luxe assets, truly puts Colgate in a differentiated position. These two transactions complement each other perfectly, creating a scaled business with increased relevance in public markets, and ample liquidity to execute on our highly accretive development program. The equity contribution from the Luxe transaction has put us in a place where we can fund a cash acquisition of this size while remaining squarely within our debt parameters,” added James Walter, Co-CEO of Colgate.
Conference Call
Colgate will host a conference call for investors and analysts to discuss the transaction on Thursday, June 10, 2021, at 10:00 a.m. EST / 9:00 a.m. CDT. To participate in the Conference Call, register at https://www.colgateenergyir.com.
About Colgate
Colgate is a privately held, independent oil and natural gas company headquartered in Midland, Texas that is engaged in the acquisition, exploration and development of oil and natural gas assets in the Delaware Basin, with operations principally focused in Reeves County, Ward County, and Eddy County. For more information regarding Colgate, please visit our Investor Relations website.
Forward-Looking Statements
This press release contains forward-looking statements based on Colgate’s current expectations that involve a number of risks and uncertainties. Generally, forward-looking statements do not relate strictly to historical or current facts and may include words such as “believes,” “will,” “expects,” “anticipates,” “intends” or similar words or phrases. No forward-looking statement can be guaranteed. Numerous risks, uncertainties and other factors may cause actual results to differ materially from those expressed in any forward-looking statement. In particular, this press releases includes certain guidance with respect to future production and Adjusted EBITDAX on a pro forma basis giving effect to this transaction. This forward-looking guidance represents our management’s estimates as of the date of this press release, based on numerous assumptions that are subject to adjustment upon further review, and we undertake no duty to update these estimates in the future. Achieving these estimates will depend on the impacts of COVID-19, the availability of capital, regulatory approvals, commodity prices, drilling and completion costs, actual drilling results, business, economic, competitive, financial and regulatory risks and other factors, many of which are beyond our control. If any of these risks and uncertainties actually occur or the assumptions underlying our guidance are incorrect, our actual operating results may be materially and adversely different from our guidance.
Non-GAAP Financial Measure
This press release includes the financial measure Adjusted EBITDAX. We define Adjusted EBITDAX as net income (loss) before interest expense, net, depletion, depreciation and amortization, accretion expense on asset retirement obligation, exploration expense, gain (loss) on sale of assets and unrealized gain (loss) on derivatives. Adjusted EBITDAX is a supplemental measure of our performance that is not required by or presented in accordance with U.S. generally accepted accounting principles (“GAAP”). We believe that Adjusted EBITDAX may provide additional information about our ability to meet our future requirements for debt service, capital expenditures and working capital. Adjusted EBITDAX is a financial measure commonly used in the oil and natural gas industry. Adjusted EBITDAX should not be considered in isolation or as a substitute for net income, operating income, cash flows from operating activities or any other measure of financial performance presented in accordance with GAAP, or as a measure of a company’s profitability or liquidity. Because Adjusted EBITDAX excludes some, but not all, items that affect net income, the Adjusted EBITDAX presented by us may not be comparable to similarly titled measures of other companies. The GAAP measure most directly comparable to Adjusted EBITDAX is net income. However, we have not included a reconciliation of Adjusted EBITDAX to net income (loss) for the year ended December 31, 2022 because we cannot do so without unreasonable effort and any attempt to do so would be inherently imprecise.
Michael Poynter
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WASHINGTON--(BUSINESS WIRE)--Van Ness Feldman LLP is pleased to announce that Mosby Perrow will join the firm as a partner on September 1, 2021.
Until recently, Mr. Perrow served as a Vice President and Deputy General Counsel at Kinder Morgan, one of the largest energy infrastructure companies in North America, where he managed the legal team responsible for Kinder Morgan’s interstate natural gas pipeline systems. Mr. Perrow’s previous experience also includes several years at the Federal Energy Regulatory Commission.
Mr. Perrow has a wealth of experience on regulatory and policy issues affecting natural gas pipelines and the electric industry, including work on rate, certificate, compliance, investigation, and enforcement matters. He has successfully managed the full range of legal and regulatory challenges affecting pipeline companies.
Announcing the addition of Mr. Perrow, Susan Olenchuk, leader of the firm’s Pipeline & LNG practice, said, “Mosby is an exceptional and creative attorney who adds valuable private sector experience and perspective to the firm’s energy regulatory team. Mosby is well-positioned to advise clients navigating the challenging transitions underway in the energy sector.” Firm Co-Chairs Nancy Macan McNally and Doug Smith said, “Mosby is highly regarded in the energy industry as a thoughtful, solutions-oriented lawyer and advocate. We are very excited to have him join us.”
Mr. Perrow will provide pipeline and electric sector clients with regulatory counsel and strategic advice on current energy policy debates. He also expects to advise start-up innovators in the energy space.
As President of the Energy Bar Association (EBA), Mr. Perrow is leading EBA efforts to focus on pressing issues such as the Texas energy crisis, cybersecurity risks to critical energy infrastructure, and minimizing methane emissions.
Mr. Perrow will be resident in Houston. He holds a Juris Doctor from the University of Richmond School of Law, a master’s degree in English Literature from the University of Richmond and a bachelor’s degree in English Literature from Princeton University.
With over 100 professionals in Washington, DC, Seattle, the Bay Area, and Denver, Van Ness Feldman is home to nationally recognized electric, pipeline & LNG, renewable energy, and government advocacy and public policy practices. Our attorneys and policy professionals help clients effectively navigate complex legal, regulatory, policy, transactional and litigation issues, while placing an emphasis on optimizing strategic planning, operations, and revenues. Learn more at www.vnf.com.
Lisa Pavia 202-298-1899 (Washington, DC)
Xos’ new division, Powered by Xos™, to supply a total of 38 powertrain systems to Wiggins
LOS ANGELES--(BUSINESS WIRE)--Xos, Inc., a leading manufacturer of fully electric Class 5 to Class 8 commercial vehicles ("Xos" or the "Company") that recently announced a planned business combination with NextGen Acquisition Corporation (NASDAQ: NGAC) (“NextGen”), today announced that Powered by Xos™ (“Powered by Xos”), the company’s recently announced powertrain division, has secured an order from repeat Xos customer Wiggins Lift Co., Inc. (“Wiggins”), bringing the total number of powertrain systems to 38 powertrain systems to be delivered this year.
“We are thrilled that Wiggins has chosen to further commit to Xos as its partner to implement powertrain systems in its eBull product line, which demonstrates the strength of our technology and existing customer relationships,” said Dakota Semler, CEO and Co-Founder of Xos, Inc. “We have demonstrated that the technology we have developed for last mile delivery vehicles can be adapted to numerous off-highway applications that are also ripe for electrification, like Wiggins’ high-capacity forklifts, which have short routes and easy access to charging infrastructure.”
Wiggins is a premier manufacturer of high-capacity forklifts for marine, industrial, agriculture, military, and other specialized applications. Wiggins initially ordered 20 powertrain systems for its Yard eBull product line to be used in ports to load and unload large cargo ships. To date, 14 of those systems have been successfully deployed in eBull units currently working in the Port of Stockton, California, prompting an additional order of 18 more systems. Wiggins may place additional orders pending finalization of current conversations for units scheduled to be deployed in Stockton, West Sacramento, and Los Angeles.
“Wiggins is dedicated to offering best-in-class forklifts to our customers, and that includes implementing the latest innovation and cutting edge technology to increase our products’ efficiency, enhance sustainability, and improve the overall customer experience,” said Micah McDowell, Director of Sales at Wiggins. “We are pleased to strengthen our partnership with Xos to expand the integration of its powertrain systems into our eBull platform and provide a more sustainable product to our customers, decreasing our customers’ maintenance and total cost of ownership while minimizing our impact on the environment.”
Xos announced the launch of its new division, Powered by Xos, on June 10, 2021. The division will provide customers with proprietary powertrain technology and robust components, purposefully designed for the rigors of commercial use, as well as robust engineering, design, and integration services. Powered by Xos will offer a broad range of solutions including high voltage batteries, power distribution and management componentry, battery management systems, system controls, inverters, electric traction motors, and auxiliary drive systems, among others.
Xos plans to close its previously announced business combination with NextGen in the third quarter of 2021. To learn more about Powered by Xos, feel free to visit www.xostrucks.com/powertrain, or view an introductory video here.
About Xos, Inc.
Xos, Inc. is an electric mobility company dedicated to decarbonizing commercial trucking fleets. Xos designs and manufactures cost-competitive, fully electric commercial vehicles. The company’s primary focus is on medium- and heavy-duty commercial vehicles that travel on last mile, back-to-base routes of less than 200 miles per day. The company leverages its proprietary technologies to provide commercial fleets with zero-emission vehicles that are easier to maintain and more cost efficient on a total cost of ownership (TCO) basis than their internal combustion engine and commercial EV counterparts. For more information, please visit www.xostrucks.com.
About Wiggins Lift Co. Inc.
Wiggins Lift Co. Inc. is a premier manufacturer of high-capacity forklifts for marine, industrial, agriculture, military, and other specialized applications. With capacities ranging to 88,000 pounds, Wiggins’ high-capacity, specialized forklifts have established the company as a global supplier for materials-handling machines. Some applications include boat-handling for dry-stack marina storage and material-handling machines for the military operation in heavy seas on board the US Navy’s Littoral Combat Ship. Other machines provide unique solutions for mining organizations, breakbulk, and agricultural enterprises. Some customers include government agencies, such as the Atomic Energy of Canada and the USA’s Jet Propulsion Laboratory. The company was founded in the 1950s in Oxnard, Calif. and remains family run and owned to this day.
About NextGen
NextGen Acquisition Corporation is a blank check company whose business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. NextGen is led by George Mattson, a former Partner at Goldman, Sachs & Co., and Gregory Summe, former Chairman and CEO of Perkin Elmer and Vice Chairman of the Carlyle Group. NextGen is listed on NASDAQ under the ticker symbol "NGAC." For more information, please visit www.nextgenacq.com.
IMPORTANT LEGAL INFORMATION
Additional Information and Where to Find It
This document relates to a proposed transaction between Xos and NextGen. This document is not a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the potential transaction and shall not constitute an offer to sell or a solicitation of an offer to buy any securities, nor shall there be any sale of 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 such state or jurisdiction. In connection with the proposed transaction, NextGen filed a registration statement on Form S-4 with the SEC on May 14, 2021, which includes a document that serves as a prospectus and proxy statement of NextGen (the “proxy statement/prospectus”). The proxy statement/prospectus will be sent to all NextGen shareholders. NextGen also will file other documents regarding the proposed transaction with the SEC. Before making any voting decision, investors and security holders of NextGen are urged to read the registration statement, the proxy statement/prospectus included therein and all other relevant documents filed or that will be filed with the SEC in connection with the proposed transaction as they become available because they will contain important information about the proposed transaction. Investors and security holders may obtain free copies of the registration statement, the proxy statement/prospectus included therein and all other relevant documents filed or that will be filed with the SEC by NextGen through the website maintained by the SEC at www.sec.gov. The documents filed by NextGen with the SEC also may be obtained free of charge at NextGen’s website at https://www.nextgenacq.com/investor-info.html#filings or upon written request to 2255 Glades Road, Suite 324A, Boca Raton, Florida 33431.
Participants in the Solicitation
NextGen and Xos and their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from NextGen’s shareholders in connection with the proposed transaction. Additional information regarding the interests of those persons and other persons who may be deemed participants in the proposed transaction may be obtained by reading the proxy statement/prospectus. You may obtain a free copy of this document as described in the preceding paragraph.
Cautionary Statement Regarding Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of the federal securities laws with respect to the proposed transaction between Xos and NextGen, including statements regarding the anticipated timing of the transaction and the products, customers and markets of Xos. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: (i) the risk that the transaction may not be completed in a timely manner or at all, which may adversely affect the price of NextGen’s securities, (ii) the risk that the transaction may not be completed by NextGen’s business combination deadline and the potential failure to obtain an extension of the business combination deadline if sought by NextGen, (iii) the failure to satisfy the conditions to the consummation of the transaction, including the adoption of the Merger Agreement by the shareholders of NextGen, the availability of the minimum amount of cash available in the trust account in which substantially all of the proceeds of NextGen's initial public offering and private placements of its warrants have been deposited following redemptions by NextGen’s public shareholders and the receipt of certain governmental and regulatory approvals, (iv) the lack of a third party valuation in determining whether or not to pursue the proposed transaction, (v) the inability to complete the PIPE investment in connection with the transaction, (vi) the occurrence of any event, change or other circumstance that could give rise to the termination of the Merger Agreement, (vii) the effect of the announcement or pendency of the transaction on Xos’s business relationships, operating results, and business generally, (viii) risks that the proposed transaction disrupts current plans and operations of Xos and potential difficulties in Xos employee retention as a result of the transaction, (ix) the outcome of any legal proceedings that may be instituted against Xos or against NextGen related to the Merger Agreement or the proposed transaction, (x) the ability to maintain the listing of NextGen’s securities on a national securities exchange, (xi) the price of NextGen’s securities may be volatile due to a variety of factors, including changes in the 7 competitive and regulated industries in which NextGen plans to operate or Xos operates, variations in operating performance across competitors, changes in laws and regulations affecting NextGen’s or Xos’s business, Xos’s inability to implement its business plan or meet or exceed its financial projections and changes in the combined capital structure, (xii) the ability to implement business plans, forecasts, and other expectations after the completion of the proposed transaction, and identify and realize additional opportunities, and (xiii) the risk of downturns and a changing regulatory landscape in the highly competitive electric vehicle industry. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of NextGen’s registration statement on Form S-1 (File No. 333-248921), the registration statement on Form S-4 discussed above, the proxy statement/prospectus and other documents filed or that may be filed by NextGen from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward looking statements, and Xos and NextGen assume no obligation and do not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Neither Xos nor NextGen gives any assurance that either Xos or NextGen, or the combined company, will achieve its expectations.
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The $5 million round is led by Valor Siren Ventures
KAILUA KONA, Hawaii--(BUSINESS WIRE)--Blue Ocean Barns announced the closure of a new, $5 million seed round of capital, bringing the sustainable agriculture company’s total raised to date to $6.6 million.
The funding round, led by Valor Siren Ventures, will support a significant expansion of Blue Ocean Barns’ farming operations as it readies for commercial sale of its seaweed-based cattle supplement. This week, Blue Ocean Barns signed a lease for 10 additional acres of growing space near its existing operations on the Big Island of Hawai’i.
“Blue Ocean Barns is driven by our mission to mitigate climate change by slashing cattle methane emissions by more than 80%,” said Joan Salwen, co-founder and CEO of Blue Ocean Barns. “Alongside our investors in our most successful fundraising round to date, we’re ready to expand operations, provide a sustainable feed supplement for cattle farmers committed to shrinking their carbon footprint, and assist forward-thinking dairy and beef companies eager to face climate challenges head-on.”
Blue Ocean Barns produces a cattle supplement made with a specific type of seaweed, Asparagopsis, that has been proved in multiple university studies to reduce methane output from cattle by more than 80%, eliminating a greenhouse gas that is at least 28 times more potent than carbon dioxide. In addition, research from the University of California, Davis, showed that cattle given a supplement derived from the same seaweed grown by Blue Ocean Barns lowered farmers’ feed requirements by 14% with little to no impact on cattle weight. Dairy and beef trials have shown that the seaweed supplement is safe and does not impact the flavor, fragrance or texture of milk or beef.
Blue Ocean Barns is the first U.S. licensee for FutureFeed, the global IP holder for the technology of feeding the red seaweed Asparagopsis to cattle. Blue Ocean Barns has 11 pending applications with the U.S. Patent and Trademark Office for technology related to the growth, cultivation and compositions of the seaweed.
Blue Ocean Barns plans to make its proprietary, seaweed-based feed supplement commercially available to farmers and beef producers later this year.
About Blue Ocean Barns
Blue Ocean Barns is a Delaware Public Benefit Corporation with a mission to support producers of meat and dairy in improving farmers’ business outcomes while significantly reducing the climate impact of cattle. The company, with operations in Kailua Kona, Hawaii, and San Diego, California, is the global technology leader in the production of red seaweed, the most effective feed supplement solution to greenhouse gas emissions. Blue Ocean Barns is scheduled to make its product commercially available by the end of 2021. Find out more at http://www.blueoceanbarns.com.
About Valor Siren Ventures
Valor Siren Ventures’ (VSV) mission is to be the leading innovation engine and investor in early-stage food, food technology, and retail technology investing. Rooted in Valor’s history of food and retail technology, Valor believes there is an opportunity to develop a new model for venture investing with VSV. Its team aspires to create value by generating differentiated investment opportunities, applying our intellectual capital, and accelerating the growth of portfolio companies through operations assistance in scaling.
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Silverline Communications
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LONDON & NEW YORK--(BUSINESS WIRE)--DWS today announced the close of its third investment commitment by the Clean Energy and Environment Fund (CEEF) in ESSE, a leading cleantech firm based in China specializing in greenhouse gas emission reduction and industrial solid waste recycling.
Established in 2013, ESSE has quickly grown into one of China’s leading companies specializing in greenhouse gas emissions mitigation. ESSE uses advanced technology to safely treat industrial emissions by extracting toxicity - including sulphur dioxide, nitrogen dioxide, carbon monoxide and carbon dioxide - creating an additional by-product that can be used in new catalyst, desulfurization, denitrification and construction materials.
ESSE operates across China’s major coastal and mainland provinces and CEEF’s investment will provide further scale and strategic direction to its expansion. CEEF’s funding will enable ESSE to further build its team, expand its scale, and promote its new materials business whilst growing the development of proprietary technology.
Priscilla Lu, Head of Sustainable Investments, Asia Pacific at DWS said:
“ESSE‘s cutting edge technology in reducing greenhouse gas emissions squarely addresses climate change and this is why we are excited to be investing in them. This investment also aligns to China’s net-zero pledge at the recent climate summit.”
Andrew Pidden, Head of Sustainable Investments at DWS said:
“The investment in ESSE fits well with our strategy of backing companies leading green infrastructure projects in pollution reduction, reduction of carbon emission intensity, waste treatment and cleaner production. ESSE’s ability to tangibly reduce greenhouse gas emissions is increasingly important as we transition towards a sustainable low-carbon economy.”
Changhui Tong, Chairman of The Board of ESSE, said:
"This investment from CEEF will allow ESSE to increase the conversion of industrial solid waste into new materials, and increase investments in technology and production systems for the application of these new materials, whilst reducing environmental pollution. We will additionally focus on building our expertise in the operation and maintenance of environmental management facilities and strengthen our ongoing investment in greenhouse gas emission reduction technologies that support the realization of global carbon neutrality goals."
About DWS Group
DWS Group (DWS) is one of the world's leading asset managers with EUR 820bn of assets under management (as of 31 March 2021). Building on more than 60 years of experience, it has a reputation for excellence in Germany, Europe, the Americas and Asia. DWS is recognized by clients globally as a trusted source for integrated investment solutions, stability and innovation across a full spectrum of investment disciplines.
We offer individuals and institutions access to our strong investment capabilities across all major asset classes and solutions aligned to growth trends. Our diverse expertise in Active, Passive and Alternatives asset management – as well as our deep environmental, social and governance focus – complement each other when creating targeted solutions for our clients. Our expertise and on-the-ground-knowledge of our economists, research analysts and investment professionals are brought together in one consistent global CIO View, which guides our investment approach strategically.
DWS wants to innovate and shape the future of investing: with approximately 3,500 employees in offices all over the world, we are local while being one global team. We are investors – entrusted to build the best foundation for our clients’ future.
About ESSE
ESSE is a high-tech enterprise focused on environmental governance. Founded in 2013, it has now grown to more than 900 employees, with more than 100 assuming the post of lab researcher roles. ESSE specializes in Engineering, Procurement and Construction (EPC), Intelligent Operation and Maintenance (O&M) for these flue gas treatment projects, and the production of new materials with industrial solid waste.
ESSE is dedicated to the development of new technologies and materials to support the circular economy, and uses big data to intelligently support environmental governance improvement, quality of life improvement and modern environmental governance with sustainable innovation. Through continuous innovation in environmental governance technology, ESSE will realize the dream of "making a bluer sky, greener land and cleaner water". Through continuous independent research and development ESSE strives to realize its goal for enhanced ecological and environmental protection.
R-083668-1 (6/21)
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LONDON--(BUSINESS WIRE)--Circulor, the leading provider of supply chain traceability and dynamic CO2 tracking, today announced it has closed $14m in Series A funding to accelerate the company’s rapid growth. The Westly Group led the round with participation from Salesforce Ventures, BHP Ventures, Future Positive Capital, 24Haymarket and Sky Ocean Ventures. Existing investors in the company include Boeing HorizonX, Volvo Cars Technology Fund, Jaguar Land Rover's CVC arm, InMotion Ventures, SYSTEMIQ, Plug and Play and TotalEnergies Ventures. Steve Westly, Founder and Managing Partner of The Westly Group, will join the Circulor board.
Circulor will use the investment to drive ongoing innovation and extend its presence in North America and Asia. The investment highlights Circulor’s success in enabling global businesses, including Volvo Cars, Polestar, BHP, and LG Energy Solutions, to track and manage their supply chains, support responsible sourcing, analyse supply chain emissions, and improve sustainability.
Circulor provides an enterprise software platform that uses a combination of technologies, including blockchain, business logic and machine learning. Circulor’s technology assigns a digital identity to commodities and tracks the supply chain data and embedded carbon at each stage of production, recycling and end-of-life. This provides full visibility across traditionally opaque and complex supply chains, helping companies address ESG objectives.
Circulor has successfully sold its solution to the electric vehicle industry, where it is currently the only proven technology available to automotive manufacturers and suppliers to track materials such as cobalt, mica and lithium. The company is tracing other commodities, including nickel, copper, plastics, and leather, and is deployed in circular economy solutions such as the remanufacturing of automotive parts.
This unprecedented level of traceability means that customers can promote sustainable and ethical practices in their supply chains and provide better transparency for consumers. It will also enable them and their supply chains to meet upcoming EU Battery Passport regulations, which will require transparency of recycling efficiencies and recovery of EV battery materials and carbon intensity, and the meeting of extended producer responsibility. Circulor is also helping customers to reduce emissions across their entire value chains and to fulfil their emmissions reduction and climate-neutral commitments.
Some of Circulor’s notable customers include:
Douglas Johnson-Poensgen, CEO of Circulor, said: “We are on a mission to make the world’s most complex industrial supply chains more transparent, and help prevent the exploitation of people and our planet. Traceability-as-a-Service is fast becoming a requirement for the world’s leading brands and this funding will help us accelerate our impact and revenue growth.”
The Westly Group, an early investor in automotive leaders like Tesla and Luminar, is enthusiastic about Circulor’s ability to drive supply chain visibility and ESG practices.
Steve Westly, Founder and Managing Partner of The Westly Group, said: “Circulor has established itself as a leader in helping manufacturers source responsibly and measure carbon emissions. It has the most commercial traction and mature and complete solution in the space. We’re thrilled to partner with the team.”
Veera Johnson, Co-Founder of Circulor, who will chair Circulor’s Advisory Board, said: “We are looking forward to working even more strategically with our investors and industry leaders to extend our capabilities and market presence in order to consolidate and enhance our position as the leader in sustainable supply chain traceability.”
ENDS
About Circulor
Circulor enables businesses to fully analyse, track and manage their supply chains to support responsible sourcing and improve sustainability. It does this by providing an enterprise software platform, which creates a reliable chain of custody of materials and attaches sustainability and other ESG data to that flow of materials.
About The Westly Group
The Westly Group invests in smart energy, mobility, and industry 4.0 solutions and has 15 of the world’s larger energy and auto companies as investors. The firm has over $500M AUM and has had seven companies go public including Tesla Motors and Luminar. To learn more, visit https://www.westlygroup.com/
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HOUSTON--(BUSINESS WIRE)--Cheniere Energy, Inc. (“Cheniere”) (NYSE American: LNG), the largest producer of liquefied natural gas in the U.S., today announced a collaboration with five natural gas producers and several leading academic institutions to implement quantification, monitoring, reporting and verification (“QMRV”) of greenhouse gas (“GHG”) emissions performance at natural gas production sites. The engagement with the natural gas producers is intended to improve the overall understanding of upstream GHG emissions and further the deployment of advanced monitoring technologies and protocols. It will also support Cheniere’s climate strategy initiatives, including the company’s plan to provide Cargo Emissions Tags (“CE Tags”) to customers beginning in 2022.
The producers participating in the project are Aethon Energy, Ascent Resources – Utica LLC, EQT Corporation, Indigo Natural Resources LLC and Pioneer Natural Resources USA, Inc.
“Collaboration with our natural gas suppliers is a key component of Cheniere’s focus on quantifying and improving environmental performance,” said Jack Fusco, President and CEO of Cheniere. “This collaboration reinforces our data-driven environmental transparency, supports our CE Tags and enhances our efforts with natural gas suppliers to monitor and verify emissions to maximize the climate benefits of Cheniere’s LNG.”
This collaborative R&D initiative will utilize multiple ground-based, drone, aerial, and satellite monitoring technologies to establish baseline emissions levels. The project will monitor sites for carbon dioxide and for both fugitive and vented methane emissions. The initiative will also verify emissions performance and identify opportunities to reduce emissions. The initial effort will cover production wells in the Haynesville, Marcellus, Permian and Utica basins that collectively produce approximately 360 million standard cubic feet per day of natural gas, as well as multiple tank batteries.
The project is being run by a subsidiary of Cheniere and is supported by researchers from the Payne Institute for Public Policy at the Colorado School of Mines, Harrisburg University of Science and Technology, SLR International and other emissions monitoring technology providers, including Montrose Environmental, SeekOps, Bridger Photonics Inc. and GHGSat.
The QMRV R&D collaboration will also assess the technical and policy considerations related to GHG emissions management at production sites, including the scalability and the efficacy of a robust QMRV program and monitoring technologies.
“Transparency and robust data are essential to addressing emissions. The Payne Institute is pleased to be part of this project, as lessons learned will be invaluable to not just participants, but to stakeholders globally as companies and countries develop their GHG mitigation policies,” said Dr. Morgan Bazilian, Director of the Payne Institute and Professor of Public Policy at the Colorado School of Mines.
About Cheniere
Cheniere Energy, Inc. is the leading producer and exporter of liquefied natural gas (LNG) in the United States, reliably providing a clean, secure, and affordable solution to the growing global need for natural gas. Cheniere is a full-service LNG provider, with capabilities that include gas procurement and transportation, liquefaction, vessel chartering, and LNG delivery. Cheniere has one of the largest liquefaction platforms in the world, consisting of the Sabine Pass and Corpus Christi liquefaction facilities on the U.S. Gulf Coast, with expected total production capacity of approximately 45 million tonnes per annum of LNG operating or under construction. Cheniere is also pursuing liquefaction expansion opportunities and other projects along the LNG value chain. Cheniere is headquartered in Houston, Texas, and has additional offices in London, Singapore, Beijing, Tokyo, and Washington, D.C.
For additional information, please refer to the Cheniere website at www.cheniere.com and Quarterly Report on Form 10-Q for the quarter ended March 31, 2021, filed with the Securities and Exchange Commission.
Forward-Looking Statements
This press release contains certain statements that may include “forward-looking statements” within the meanings of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical or present facts or conditions, included herein are “forward-looking statements.” Included among “forward-looking statements” are, among other things, (i) statements regarding Cheniere’s financial and operational guidance, business strategy, plans and objectives, including the development, construction and operation of liquefaction facilities, (ii) statements regarding expectations regarding regulatory authorizations and approvals, (iii) statements expressing beliefs and expectations regarding the development of Cheniere’s LNG terminal and pipeline businesses, including liquefaction facilities, (iv) statements regarding the business operations and prospects of third parties, (v) statements regarding potential financing arrangements, (vi) statements regarding future discussions and entry into contracts, (vii) statements relating to the amount and timing of share repurchases, and (viii) statements regarding the COVID-19 pandemic and its impact on our business and operating results. Although Cheniere believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Cheniere’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in Cheniere’s periodic reports that are filed with and available from the Securities and Exchange Commission. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Other than as required under the securities laws, Cheniere does not assume a duty to update these forward-looking statements.
Investors
Randy Bhatia, 713-375-5479
Media Relations
Eben Burnham-Snyder, 713-375-5764
Jenna Palfrey, 713-375-5491
Experienced Executive to Build on CLEAResult’s Leading Position in Energy Efficiency
Services and Capitalize on Significant Growth Opportunities
AUSTIN, Texas--(BUSINESS WIRE)--CLEAResult, a leading provider of technology-enabled energy efficiency programs for utilities, today announced the appointment of Rich McBee as Chief Executive Officer, effective July 6, 2021. Mr. McBee will also join the company's Board of Directors.
Mr. McBee brings to CLEAResult more than 30 years of experience in top leadership roles driving market expansion, revenue growth, and operational excellence at a range of technology companies. Most recently, Mr. McBee served as President and Chief Executive Officer of Riverbed Technologies, where he was instrumental in implementing growth strategies enabling clients to take advantage of new information technology solutions that fuel transformation. Earlier in his career, Mr. McBee served as President and CEO of Mitel and President of the Communications and Enterprise Group of Danaher Corporation, which acquired Tektronix Communications where he held a variety of leadership positions.
A dynamic leader with a track record of driving growth through innovation while enhancing the customer experience, Mr. McBee joins CLEAResult at an opportune time in the company’s growth trajectory. In May 2021, CLEAResult launched CLEAResult ATLAS™ Marketplace to provide a seamlessly connected shopping experience for utility customers as part of the company’s vision for a connected energy future and a new era of innovative technology-based energy solutions.
“I am delighted to be joining CLEAResult, the market leader in energy efficiency services,” said Mr. McBee. “The increasing complexity of the country’s electrical grid as it transitions to clean energy, coupled with the critical role of energy efficiency and strategic energy management in reducing carbon emissions, presents significant growth opportunities for CLEAResult in the coming years. I look forward to working with the impressive team to continue to drive innovation in the next generation of energy efficiency and demand response solutions.”
“Rich has the right mix of experience and expertise to lead CLEAResult in its next phase of growth,” said Mark Fields, Chairman of the Board at CLEAResult. “Our recently launched CLEAResult ATLAS™ has set a new standard for what utilities and customers should expect from a ‘best-in-class’ solution, and we are excited to partner closely with Rich and his team to execute on our shared vision for the company and capitalize on the tremendous growth opportunities ahead.”
Mr. McBee succeeds Scott Boose, who stepped down as CEO of CLEAResult in April.
About CLEAResult
CLEAResult is the largest provider of energy efficiency and demand response solutions in North America. Through proven demand side management strategies tailored to clients’ unique needs, CLEAResult combines the strength of our energy experts and innovative technology to help over 250 utilities change the way people use energy. CLEAResult is headquartered in Austin, Texas, and has over 2500 employees in more than 60 cities across the U.S. and Canada. CLEAResult is a portfolio company of the private equity firm TPG and The Rise Fund, a global impact fund led by TPG. For more information, visit clearesult.com.
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June 2021 Cash Dividend - $0.06 per share
TORONTO--(BUSINESS WIRE)--Superior Plus Corp. (“Superior”) today announced its cash dividend for the month of June 2021 of $0.06 per share payable on July 15, 2021. The record date is June 30, 2021 and the ex-dividend date will be June 29, 2021. Superior’s annualized cash dividend rate is currently $0.72 per share. This dividend is an eligible dividend for Canadian income tax purposes.
About the Corporation
Superior is a leading North American distributor and marketer of propane and distillates and related products and services, servicing over 780,000 customer locations in the U.S. and Canada.
For further information about Superior, please visit Superior’s website at: www.superiorplus.com or contact: Beth Summers, Executive Vice President and Chief Financial Officer, Tel: (416) 340-6015, or Rob Dorran, Vice President, Investor Relations and Treasurer, Tel: (416) 340-6003, E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it., Toll Free: 1-866-490-PLUS (7587).
Forward Looking Information
This news release contains certain forward-looking information and statements that are based on Superior’s current expectations, estimates, projections and assumptions in light of its experience and its perception of historical trends. In this news release, such forward-looking information and statements can be identified by terminology such as “will”, "expects", "annualized", and similar expressions.
In particular, this news release contains forward-looking statements and information relating to: future dividends which may be declared on Superior’s common shares, the dividend payment, the tax treatment thereof, and the receipt of cash dividends. These forward-looking statements are being made by Superior based on certain assumptions that Superior has made in respect thereof as at the date of this news release, regarding, among other things: the success of Superior’s operations; prevailing commodity prices, margins, volumes and exchange rates; that Superior’s future results of operations will be consistent with past performance and management expectations in relation thereto; the continued availability of capital at attractive prices to fund future capital requirements; future operating costs; that any required commercial agreements can be reached; that all required regulatory and environmental approvals can be obtained on the necessary terms in a timely manner. These forward-looking statements are not guarantees of future performance and are subject to a number of known and unknown risks and uncertainties, including, but not limited to: the regulatory environment and decisions; non-performance of agreements in accordance with their terms; the impact of competitive entities and pricing; reliance on key industry partners and agreements; actions by governmental or regulatory authorities including changes in tax laws and treatment, or increased environmental regulation; adverse general economic and market conditions in Canada, North America and elsewhere; fluctuations in operating results; labour and material shortages; and certain other risks detailed from time to time in Superior’s public disclosure documents including, among other things, those detailed under the heading "Risk Factors" in Superior’s management's discussion and analysis and annual information form for the year ended December 31, 2020, which can be found at www.sedar.com.
Accordingly, readers are cautioned that events or circumstances could cause results to differ materially from those predicted, forecasted or projected. Such forward-looking statements are expressly qualified by the above statements. Superior does not undertake any obligation to publicly update or revise any forward looking statements or information contained herein, except as required by applicable laws.
Beth Summers
Executive Vice President and Chief Financial Officer
Tel: (416) 340-6015
or
Rob Dorran
Vice President, Investor Relations and Treasurer
Tel: (416) 340-6003
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Toll Free: 1-866-490-PLUS (7587)
Alterra Mountain Company, Boyne Resorts, POWDR and Vail Resorts Unite
DENVER--(BUSINESS WIRE)--Today, Alterra Mountain Company, Boyne Resorts, POWDR and Vail Resorts announce the Climate Collaborative Charter, the ski industry’s first unified effort to combat climate change with shared commitments around sustainability and advocacy.
All four ski industry leaders have agreed to operate their respective resorts with sustainability at the forefront and use their collective voice to advocate for effective public policy on climate action in order to leave a positive legacy for future generations of skiers, snowboarders and outdoor enthusiasts. This will translate to further implementation of sustainable practices, including elements from NSAA’s Sustainable Slopes platform, across the combined 71 North American resorts, including marquee destinations such as Steamboat, Mammoth Mountain, Deer Valley Resort, Vail Mountain, Whistler Blackcomb, Park City Mountain, Big Sky Resort, Snowbird, Mt. Bachelor and Killington.
As part of the Climate Collaborative Charter, Alterra Mountain Company, Boyne Resorts, POWDR and Vail Resorts together announce a set of commitments and pledges.
As business leaders, the resort companies commit to:
As stewards of the environment, the resort companies pledge to:
“We are very proud to be a part of this historic action and to co-create the industry’s first Climate Collaborative Charter,” said David Perry, Executive VP, ESG, Alterra Mountain Company. “This is an incredible opportunity for industry leaders to engage in healthy competition while educating, sharing best practices and knowledge, and motivating each other to put our best efforts forth to help support the urgent and core issues of sustainability.”
“It is through bold environmental commitments and ongoing collaboration that we will have the most impact on protecting and preserving the great outdoors,” said Kate Wilson, senior director of sustainability at Vail Resorts. “We announced Commitment to Zero in 2017, our goal to achieve a zero net operating footprint by 2030 across all our 37 resorts, and we are proud to have already made substantial progress toward that goal. Now, through the Climate Collaborative Charter, we look forward to partnering with these passionate leaders, and the entire industry, to leverage our progress and support many others on the same journey.”
“As part of POWDR’s Play Forever commitment to protect the environment and support our community, the importance of collaboration to drive both action and inspiration at scale is paramount,” said Laura Schaffer, POWDR Director of Corporate Responsibility. “We all must reach across the chairlift to work together, and the Climate Collaborative Charter is a phenomenal step of unity that complements on-site actions like using solar power at all of our resorts. POWDR is eager to work with Alterra Mountain Company, Boyne Resorts, Vail Resorts, NSAA and the mountain resort industry as a whole as a united front to drive necessary change.”
“The idea for the four of us to unite in this pledge to combat climate change was actually formed at an industry conference in October of 2019 and it has endured many iterations and diligent review to get us to where we proudly are today,” said Stephen Kircher, president and chief executive officer of Boyne Resorts. “This effort brought momentum to Boyne Resorts’ progress with several environmental sustainability initiatives represented in our ForeverProject and we are excited to welcome the shared knowledge, accountability, collective voice and other benefits to come from the Climate Collaborative Charter.”
As the four largest ski industry leaders unite to combat climate change, they also humbly and urgently ask that all mountain resorts commit to take similar action. Additionally, this coalition is working to broaden engagement and participation from its employees, guests and community members, and be inclusive of voices and perspectives from all backgrounds.
Please click here for the complete Climate Collaborative Charter.
About Alterra Mountain Company
Alterra Mountain Company is a family of 15 iconic year-round destinations, including the world’s largest heli-ski operation, offering the Ikon Pass, the new standard in season passes. The company owns and operates a range of recreation, hospitality, real estate development, food and beverage, retail and service businesses. Headquartered in Denver, Colorado, with destinations across the continent, Alterra Mountain Company is rooted in the spirit of the mountains and united by a passion for outdoor adventure. Alterra Mountain Company’s family of diverse playgrounds spans six U.S. states and three Canadian provinces: Steamboat and Winter Park in Colorado; Squaw Valley Alpine Meadows, Mammoth Mountain, June Mountain and Big Bear Mountain Resort in California; Stratton and Sugarbush Resort in Vermont; Snowshoe in West Virginia; Tremblant in Quebec, Blue Mountain in Ontario; Crystal Mountain in Washington; Deer Valley Resort and Solitude Mountain Resort in Utah; and CMH Heli-Skiing & Summer Adventures in British Columbia. Also included in the portfolio is Alpine Aerotech, a worldwide helicopter support and maintenance service center in British Columbia, Canada. Alterra Mountain Company honors each destination’s unique character and authenticity and celebrates the legendary adventures and enduring memories they bring to everyone. For more information, please visit www.alterramtnco.com.
About Boyne Resorts
Boyne Resorts is a collection of mountain and lakeside resorts, ski areas, and attractions spanning from British Columbia to Maine. The company owns and operates 11 properties and an outdoor lifestyle equipment/apparel retail division with stores throughout Michigan. Operations include snowsports and year-round mountain recreation, golf, an indoor waterpark, North America’s longest pedestrian suspension bridge, spas, food and beverage, lodging and real estate development. Boyne Resorts is headquartered in Michigan and its geographically diverse locations include Big Sky Resort in Montana, Sugarloaf and Sunday River Resort in Maine; Boyne Highlands Resort, Boyne Mountain Resort and Avalanche Bay Indoor Waterpark, Inn at Bay Harbor - Autograph Collection, and Boyne Country Sports in Michigan; Loon Mountain Resort in New Hampshire; Gatlinburg SkyLift Park in Tennessee; Brighton Resort in Utah; The Summit at Snoqualmie in Washington; and Cypress Mountain in West Vancouver, B.C. To learn more, please visit www.boyneresorts.com.
About POWDR
POWDR is an adventure lifestyle company that offers awesome experiences in amazing places. Within POWDR’s portfolio are 11 mountain resorts including Copper Mountain and Eldora Mountain Resort in Colorado; Killington and Pico Mountain in Vermont; Boreal Mountain Resort and Soda Springs in the Lake Tahoe region of California; Mt. Bachelor in Oregon; Lee Canyon in Nevada; Snowbird and Woodward Park City in Utah; and SilverStar Resort in British Columbia. POWDR owns the Woodward experiential action sports company which includes Woodward PA, Woodward Copper in Colorado, Woodward Tahoe, Woodward West in Stallion Springs, CA, and Woodward Riviera Maya, Mexico. Sun Country Tours in Oregon is the company’s river rafting outfitter and Powderbird, based out of Snowbird in Utah, is POWDR’s heli-adventure operator. POWDR is headquartered in Park City, Utah. www.POWDR.com.
About Vail Resorts, Inc. (NYSE: MTN)
Vail Resorts, Inc., through its subsidiaries, is the leading global mountain resort operator with 37 destination mountain resorts and regional ski areas across three countries. Through EpicPromise, the company’s corporate social responsibility platform, Vail Resorts is committed to supporting its employees and communities and preserving the environment. That includes Commitment to Zero—Vail Resorts’ bold goal to reach a zero net operating footprint across the enterprise by 2030 through zero net emissions, zero waste to landfill, and zero net operating impact on forests and habitat. Vail Resorts’ subsidiaries operate Vail, Beaver Creek, Breckenridge, Keystone and Crested Butte in Colorado; Park City in Utah; Heavenly, Northstar and Kirkwood in the Lake Tahoe area of California and Nevada; Whistler Blackcomb in British Columbia, Canada; Perisher, Falls Creek and Hotham in Australia; Stowe, Mount Snow, Okemo in Vermont; Hunter Mountain in New York; Mount Sunapee, Attitash, Wildcat and Crotched in New Hampshire; Stevens Pass in Washington; Liberty, Roundtop, Whitetail, Jack Frost and Big Boulder in Pennsylvania; Alpine Valley, Boston Mills, Brandywine and Mad River in Ohio; Hidden Valley and Snow Creek in Missouri; Wilmot in Wisconsin; Afton Alps in Minnesota; Mt. Brighton in Michigan; and Paoli Peaks in Indiana. Vail Resorts is a publicly held company traded on the New York Stock Exchange (NYSE: MTN).
Alterra Mountain Company
Amelie Bruzat
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347-653-9544
Boyne Resorts
Julie Ard
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231-549-7239
POWDR
Megan Fearnow
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Vail Resorts, Inc.
Jamie Alvarez
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352-562-9843
C3.ai DTI Awards $4.4M to 21 Projects to Advance Breakthrough Artificial Intelligence Research for the Energy Sector
URBANA, Ill. & BERKELEY, Calif.--(BUSINESS WIRE)--C3.ai Digital Transformation Institute (C3.ai DTI) today announced the second round of C3.ai DTI awards, focused on using artificial intelligence (AI) techniques and digital transformation to advance energy efficiency and lead the way to a lower-carbon, higher-efficiency economy that will ensure energy and climate security.
C3.ai DTI issued this call for proposals in February 2021, and received 52 submissions. A rigorous peer review process led to 21 awards for research proposals to improve resilience, sustainability, and efficiency through such measures as carbon sequestration, carbon markets, hydrocarbon production, distributed renewables, and cybersecurity, among other topics.
The Institute awarded a total of $4.4 million in cash from this call for proposals, the second call the Institute has released since the organization’s launch in March 2020. In addition to cash awards, research teams gain access to up to $2 million in Azure Cloud computing resources, up to 800,000 supercomputing node hours on the Blue Waters petascale supercomputer at the National Center for Supercomputing Applications (NCSA) at the University of Illinois at Urbana-Champaign, up to 25 million computing hours on supercomputers at Lawrence Berkeley National Laboratory’s National Energy Research Scientific Computing Center (NERSC), and free, unlimited access to the C3 AI® Suite hosted on the Microsoft Azure Cloud.
“The world’s energy infrastructure will need to undergo radical changes to address the impact of global energy generation,” said Thomas M. Siebel, chairman and CEO of C3 AI. “In the face of this crisis, the Institute is proud to bring together the best and brightest minds and provide direction and leadership to support objective analysis and AI-based, data-driven science for climate security.”
“Pursuing a sustainable future via advances in science and engineering is absolutely critical,” said Eric Horvitz, Chief Scientific Officer at Microsoft. “We’re deeply enthusiastic to join with the C3.ai Digital Transformation Institute to support frontier research on energy and climate at leading universities.”
The 21 projects were each awarded $100,000 to $250,000, for an initial period of one year, in one of nine categories, as listed below by project title, principal investigator, and affiliation.
“From wildfires to rising seas to monster storms crippling our energy systems, increasingly extreme weather clearly represents a severe threat to our economy, infrastructure, and national security,” said S. Shankar Sastry, C3.ai DTI Co-Director and Thomas M. Siebel Professor of Computer Science at the University of California, Berkeley. “Improving climate resilience will require profound changes powered by a new era of technology like those C3.ai DTI is supporting today.”
“A number of energy companies and utilities have used enterprise AI to transform their operations, but as we can see, there’s an even greater need for resilience to cyberattacks and large environmental disruptions,” said R. Srikant, C3.ai DTI Co-Director and Fredric G. and Elizabeth H. Nearing Endowed Professor of Electrical and Computer Engineering at the University of Illinois at Urbana-Champaign. “These projects are designed with those goals in mind.”
Award Criteria
C3.ai DTI selects research proposals that inspire cooperative research and advance machine learning and other AI subdisciplines. Projects are peer-reviewed on the basis of scientific merit, prior accomplishments of the principal investigator and co-principal investigators, the use of AI, machine learning, data analytics, and cloud computing in the research project, and the suitability for testing the methods at scale. Visit C3DTI.ai to learn more about the Institute’s programs, award opportunities, and selected research proposals.
About C3.ai Digital Transformation Institute
Established in March 2020 by C3 AI, Microsoft, and leading universities, the C3.ai Digital Transformation Institute is a research consortium dedicated to accelerating the benefits of artificial intelligence for business, government, and society. The Institute engages the world’s leading scientists to conduct research and train practitioners in the new Science of Digital Transformation – operating at the intersection of artificial intelligence, machine learning, cloud computing, internet of things, big data analytics, organizational behavior, public policy, and ethics.
The ten C3.ai Digital Transformation Institute consortium member universities and laboratories are: University of California, Berkeley, University of Illinois at Urbana-Champaign, Carnegie Mellon University, KTH Royal Institute of Technology, Lawrence Berkeley National Laboratory, Massachusetts Institute of Technology, National Center for Supercomputing Applications at University of Illinois at Urbana-Champaign, Princeton University, Stanford University, and University of Chicago. Additional industry partners include AstraZeneca, Baker Hughes, and Shell.
To support the Institute, C3 AI is providing the Institute $57,250,000 in cash contributions over the first five years of operation. C3 AI and Microsoft will contribute an additional $310 million of in-kind support, including use of the C3 AI® Suite and Microsoft Azure computing, storage, and technical resources to support C3.ai DTI research.
About C3.ai, Inc.
C3.ai, Inc. (NYSE:AI) is the Enterprise AI application software company that accelerates digital transformation for organizations globally. C3 AI delivers a family of fully integrated products: C3 AI® Suite, an end-to-end platform for developing, deploying, and operating large-scale AI applications; C3 AI Applications, a portfolio of industry-specific SaaS AI applications; C3 AI CRM, a suite of industry-specific CRM applications designed for AI and machine learning; and C3 AI Ex Machina, a no-code AI solution to apply data science to everyday business problems. The core of the C3 AI offering is an open, model-driven AI architecture that dramatically simplifies data science and application development. Learn more at: www.c3.ai.
C3.ai DTI Contact
Kap Stann
Communications Manager, C3.ai DTI @ Berkeley
(510) 295-9685
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C3 AI Public Relations
Edelman
Lisa Kennedy
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SAN DIEGO--(BUSINESS WIRE)--#INL--XENDEE Corporation and Idaho National Laboratory have launched a Microgrid Fast Charging Station Designer within the XENDEE platform as well as tested and validated it with two in-depth case studies for grid connected and islanded operation.
“This project was undertaken to offer a design and validation framework for renewable based Microgrid configurations that deliver optimal electric vehicle fast charging, energy security, and value-added grid services,” said Michael Stadler, CTO of XENDEE. “The new features, supported by the U.S. Department of Energy’s Microgrid Program, were built on the existing XENDEE platform to optimize the renewable energy and storage resources within the Microgrid. Additionally, new features were built for scalability, making these projects a reliable and repeatable foundation for a sustainable nationwide network of electric vehicle charging stations.”
The designer itself utilizes XENDEE’s advanced and extended Microgrid decision support software to create project simulations, financial optimizations, and operational dispatches that maximize the efficiency of the system and capture early returns on investment. The platform also intelligently maps all cables, transformers, and distributed technology interactions to anticipate and mitigate problems during peak usage or adverse conditions. The optimizations performed by XENDEE were tested by INL to ensure project viability and technical feasibility in real world settings. During these tests, INL’s simulations — which were based on real-world data from the University of California San Diego campus — concluded that all electrical results matched within 5% of the predicted values.
“The rich quality of data available from the UCSD network allowed the project team to model upgrades, determine the optimal renewable energy mix, and consider other distributed energy resources to minimize the costs for electric vehicle and truck charging,” said Anudeep Medam, Research Engineer at INL’s Power & Energy Systems department. “The data used, based on the UCSD campus system, facilitated a real world example of the impact that electric vehicle fast charging stations have on the distribution system. Additionally, we were able to study the impact of upgrades of network equipment.”
The platform also optimizes dispatch and generation at each time step of the day enabling the Microgrid to take advantage of energy sales to the utility and best manage the charging of an electrical fleet even under changing hourly conditions. This allows operators to reliably build Microgrid systems, both grid connected and islanded, and to operate them efficiently under the dynamic supply and demand conditions for fast charging at scale.
“The future of high-speed and high-power charging needs a smart process for both Microgrid development and optimized operation of the electric vehicle stations,” remarked Adib Naslé, CEO of XENDEE. “The Microgrid Fast Charging Station Designer is perfectly positioned to meet that demand and help organizations efficiently launch new fast charging sites.”
For More information on the Microgrid Fast Charging Station Designer, or to see how it could be used for your organization's fast charging stations, please schedule a demonstration at xendee.com/demo.
About XENDEE: XENDEE develops world-class Microgrid decision support software that helps designers and investors optimize and certify the Fight-Through™ resilience and financial performance of projects with confidence. The XENDEE Microgrid platform enables a broad audience; from business decision makers to scientists, with the objective of supporting investments in Microgrids and maintaining electric power reliability when integrating sources of renewable generation.
About Idaho National Laboratory: INL is a U.S. Department of Energy (DOE) national laboratory that performs work in each of DOE’s strategic goal areas: energy, national security, science and environment. INL is the nation’s center for nuclear energy research and development. Day-to-day management and operation of the laboratory is the responsibility of Battelle Energy Alliance. See more INL news at: www.inl.gov or follow us on social media at: Twitter, Facebook, Instagram and LinkedIn.
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LOWELL, Ark.--(BUSINESS WIRE)--J.B. Hunt Transport Services Inc. (NASDAQ: JBHT), one of the largest supply chain solutions providers in North America, and Waymo, the leading autonomous driving technology developer, announced a collaboration today to autonomously move freight in Texas for one of J.B. Hunt’s leading customers.
The test run will use Waymo Via, the company’s autonomous Class 8 trucking unit powered by the Waymo Driver, to haul freight between facilities in Houston and Fort Worth, Texas. The transport along Interstate 45 will be completed using Level 4 autonomous driving technology supervised by Waymo autonomous specialists, a commercially licensed driver and a software technician, on board to monitor every aspect of the Waymo Driver’s operations throughout the runs.
“This will be one of the first opportunities for J.B. Hunt to receive data and feedback on customer freight moved with a Class 8 tractor operating at this level of autonomy,” said Craig Harper, chief sustainability officer and executive vice president at J.B. Hunt. “While we believe there will be a need for highly skilled, professional drivers for many years to come, it is important for J.B. Hunt as an industry leader to be involved early in the development of advanced autonomous technologies and driving systems to ensure that their implementation will improve efficiency while enhancing safety.”
Through the collaboration, J.B. Hunt and Waymo Via will be exploring how autonomous driving technology can be integrated across fleets and enhance safety and efficiency. The two have worked closely on operational and market studies that explored topics such as best practices for regular maintenance, what future facility layouts will look like, and which lanes are best suited for autonomous driving technology. The trial run will also help J.B. Hunt and Waymo define how they can continue working together long-term.
“We’re thrilled to collaborate with J.B. Hunt as we advance and commercialize the Waymo Driver,” said Charlie Jatt, head of commercialization for trucking at Waymo. “Our teams share an innovative and safety-first mindset as well as a deep appreciation for the potential benefits of autonomous driving technology in trucking. It’s companies and relationships like these that will make this technology a commercial reality in the coming years.”
Waymo brings over a decade of experience in building autonomous driving technology, having driven over 20 million miles on public roads across 10 U.S. states and 20 billion miles in simulation. J.B. Hunt operates one of the largest company-owned fleets in North America, and its technology platform J.B. Hunt 360°® is an industry leader in digital freight matching. By leveraging nearly 60 years of industry experience and innovative technology, J.B. Hunt is creating the most efficient transportation network in North America.
About J.B. Hunt
J.B. Hunt Transport Services, Inc., an S&P 500 company, provides innovative supply chain solutions for a variety of customers throughout North America. Utilizing an integrated, multimodal approach, the company applies technology-driven methods to create the best solution for each customer, adding efficiency, flexibility, and value to their operations. J.B. Hunt services include intermodal, dedicated, refrigerated, truckload, less-than-truckload, flatbed, single source, final mile, and more. J.B. Hunt Transport Services, Inc. stock trades on NASDAQ under the ticker symbol JBHT and is a component of the Dow Jones Transportation Average. J.B. Hunt Transport, Inc. is a wholly owned subsidiary of JBHT. For more information, visit www.jbhunt.com.
About Waymo
Waymo is an autonomous driving technology company with a mission to make it safe and easy for people and things to get where they’re going. Since our start as the Google Self-Driving Car Project in 2009, Waymo has been focused on building, deploying, and commercializing the World’s Most Experienced Driver to improve the world's access to mobility while saving thousands of lives now lost to traffic crashes. The Waymo Driver powers Waymo One, the world's first fully autonomous ride-hailing service, as well as Waymo Via, our trucking and local delivery service. To date, Waymo has autonomously driven tens of millions of miles on public roads and tens of billions of miles in simulation, across 10 U.S. states. For more: www.waymo.com.
Brittnee Davie
Vice President – Marketing
479.419.3178
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Waymo Press Team
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Celebrating the 35th class of unstoppable entrepreneurs who transform Mid-Atlantic and beyond
BETHESDA, Md.--(BUSINESS WIRE)--#2021MidAtlanticFinalist--Enviva, a leading global renewable energy company specializing in sustainable wood bioenergy, today announced that its Chairman and CEO, John Keppler, was named an Entrepreneur Of The Year® 2021 Mid-Atlantic Award finalist. Now in its 35th year, the Entrepreneur Of The Year program honors unstoppable business leaders whose ambition, ingenuity and courage in the face of adversity help catapult us from the now to next and beyond.
“It’s an incredible honor to be included in such a distinguished list of accomplished forward-thinking leaders and industry disruptors. I speak for all of my colleagues in saying that we are proud of the contributions we are making in the fight against climate change, providing sustainable wood bioenergy – sourced and manufactured in the U.S. – and making significant strides in the global path to net-zero, while incentivizing private landowners to grow more trees and limiting dependence on fossil fuels,” said John Keppler, Chairman and Chief Executive Officer of Enviva. “Our operations provide rural America and local landowners an access point to the international economy by offering a reliable and dispatchable solution to answer the difficult equation between energy and the environment.”
Enviva has built a large portfolio of production plants and marine export terminals across the U.S. Southeast which produce sustainably sourced wood pellets that are exported to customers in the United Kingdom, Europe and Asia to generate electricity and heat, enabling them to reduce their lifetime carbon footprint by more than 85 percent. Global demand for renewable sources of energy is growing, and scientific experts in energy systems the world, including the UN’s Intergovernmental Panel on Climate Change, recognize wood bioenergy as one of the pillars of a sustainable climate future.
Keppler was selected by a panel of independent judges. Award winners will be announced during a special virtual celebration on August 3rd and will become lifetime members of an esteemed community of Entrepreneur Of The Year alumni from around the world. Regional award winners are eligible for consideration for the Entrepreneur Of The Year National Awards, to be announced in November at the Strategic Growth Forum®, one of the nation’s most prestigious gatherings of high-growth, market-leading companies. The Entrepreneur Of The Year National Overall Award winner will then move on to compete for the EY World Entrepreneur Of The Year™ Award in June 2022.
About Enviva Holdings, LP
Enviva Holdings, LP is the world’s largest producer of industrial wood pellets, a renewable and sustainable energy source used to generate electricity and heat. Through its subsidiaries, Enviva Holdings, LP owns and operates wood pellet processing plants and deep-water export terminals in the U.S. Southeast. We export our pellets to power plants in the United Kingdom, Europe, and Japan that previously were fueled by coal, enabling them to reduce their lifecycle carbon footprint by more than 85 percent. We make our pellets using sustainable practices that protect Southern forests and employ about 1,200 people and support many other businesses in the U.S. Southeast. Enviva Holdings, LP conducts its activities primarily through two entities: Enviva Partners, LP, a publicly traded master limited partnership (NYSE: EVA), and Enviva Development Holdings, LLC, a wholly owned private company. To learn more about Enviva Holdings, LP, please visit our website at www.envivabiomass.com.
About Entrepreneur Of The Year®
Entrepreneur Of The Year® is the world’s most prestigious business awards program for unstoppable entrepreneurs. These visionary leaders deliver innovation, growth and prosperity that transform our world. The program engages entrepreneurs with insights and experiences that foster growth. It connects them with their peers to strengthen entrepreneurship around the world. Entrepreneur Of The Year is the first and only truly global awards program of its kind. It celebrates entrepreneurs through regional and national awards programs in more than 145 cities in over 60 countries. National Overall winners go on to compete for the EY World Entrepreneur Of The Year™ title. ey.com/us/eoy
About EY Private
As Advisors to the ambitious™, EY Private professionals possess the experience and passion to support private businesses and their owners in unlocking the full potential of their ambitions. EY Private teams offer distinct insights born from the long EY history of working with business owners and entrepreneurs. These teams support the full spectrum of private enterprises including private capital managers and investors and the portfolio businesses they fund, business owners, family businesses, family offices and entrepreneurs. Visit ey.com/us/private
About EY
EY exists to build a better working world, helping create long-term value for clients, people and society and build trust in the capital markets.
Enabled by data and technology, diverse EY teams in over 150 countries provide trust through assurance and help clients grow, transform and operate.
Working across assurance, consulting, law, strategy, tax and transactions, EY teams ask better questions to find new answers for the complex issues facing our world today.
EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. Information about how EY collects and uses personal data and a description of the rights individuals have under data protection legislation are available via ey.com/privacy. EY member firms do not practice law where prohibited by local laws. For more information about our organization, please visit ey.com.
Sponsors
Founded and produced by Ernst & Young LLP, the Entrepreneur Of The Year Awards are nationally sponsored by SAP America and the Kauffman Foundation.
In Mid-Atlantic, sponsors also include
PNC, DLA Piper LLP, the Washington Business Journal, the Baltimore Business Journal and Cooley LLP.
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+1-301-657-5560
$300 million close represents increasing client demand for product solutions across Voya IM’s $70+ billion private and alternative investments franchise.
NEW YORK--(BUSINESS WIRE)--Voya Investment Management (Voya IM), the asset management business of Voya Financial, Inc. (NYSE: VOYA), announced today that its private credit platform completed the first close of a new infrastructure debt fund focused on project financing in the renewable energy space. With over $300 million in commitments, the first close comes on the heels of Voya IM’s hiring of Tom Emmons and Edward Levin, co-heads of Voya IM’s direct infrastructure team responsible for the origination, underwriting, structuring and management of mezzanine and stretch senior opportunities in renewable energy infrastructure projects.
“Since our arrival at Voya IM, we have found significant demand from sponsors for late-stage development financing, construction bridge loans and holding company debt,” said Emmons. “While demand for renewable energy infrastructure projects is growing, traditional sources of financing are more limited compared to the broader infrastructure category. We are thrilled to bring our expertise in renewable energy project financing to deliver our clients access to this growing asset class,” added Levin.
Voya IM has made three renewable energy infrastructure investments to date, including an agreement to provide $30 million in debt financing to Bakersfield Renewable Fuels to help retrofit a crude oil refinery to produce renewable diesel from soybean oil and other plant-based feedstock. Voya IM expects to make between 12 and 18 investments in the renewable energy project financing space, the vast majority of which are expected to be in the U.S. The firm expects that roughly half of these renewable investments will be focused on wind and solar projects, with the other half funding sustainable infrastructure projects such as battery storage and renewable fuels.
The addition of the renewable energy project financing team complements Voya IM's three decades of diversified infrastructure lending and represents a component in growing the firm’s broader $70+ billion (as of 3/31/21) private and alternative investments franchise.
“This is another compelling example of institutional investors’ continued confidence in Voya IM’s value proposition in the private and alternatives space,” said Charlie Shaffer, head of distribution. “Our platforms continue to distinguish themselves as having the breadth to access the full spectrum of deals while maintaining the discipline to remain selective. In today’s private markets where firms are raising bigger and bigger funds, our ability to be selective and participate only in deals that meet our standards is a feature of our platform that has really resonated with institutional investors.”
In addition to renewable energy project financing, Voya IM’s private and alternatives franchise includes over $70 billion across private placements, commercial mortgage loans, private equity, mortgage derivatives and leveraged credit. Over the last two years, Voya IM has also raised $1 billion of commingled assets in commercial mortgage loans, and over $450 million in commingled investments in investment grade private placements. Additionally, Voya IM manages secondary private equity via its affiliate Pomona Capital with $13.4 billion in capital commitments over its 25+ year history (all figures as of 3/31/21).
Earlier this year, the firm also announced the integration of Voya’s long-standing expertise across the areas of non-investment grade corporate credit, bringing together the teams responsible for U.S. and European broadly syndicated senior loans; U.S. and European public high-yield bonds; middle market loans/special situations; and CLO mezzanine and equity investments.
“Going forward, we believe the formation of our expanded leveraged credit group will allow us to increase our presence and overall activity in middle market lending and provide clients with differentiated product solutions in a space that has come to represent an increasingly important component of clients’ strategic allocations,” said Matt Toms, CFA, chief investment officer, fixed income.
About Voya Investment Management
A leading, active asset management firm, Voya Investment Management manages, as of March 31, 2021, more than $248 billion for affiliated and external institutions as well as individual investors. With over 40 years of history in asset management, Voya Investment Management has the experience and resources to provide clients with investment solutions with an emphasis on equities, fixed income, and multi-asset strategies and solutions. Voya Investment Management was named in 2015, 2016, 2017, 2018, 2019 and 2020 as a “Best Places to Work” by Pensions and Investments magazine. For more information, visit voyainvestments.com. Follow Voya Investment Management on Twitter @VoyaInvestments.
VOYA-IM
Media Contact:
Kristopher Kagel
(212) 309-6568
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Collaboration Complements Some of the Lowest GHG Intensity Natural Gas Production in North America
DALLAS--(BUSINESS WIRE)--Aethon Energy Management (Aethon), the largest private natural gas producer in the Haynesville Shale, joined Cheniere Energy, Inc. (NYSE American: LNG) in a new collaboration to implement quantification, monitoring, reporting and verification (QMRV) of greenhouse gas (GHG) emissions performance.
The collaboration will support Aethon’s broader carbon emissions reduction strategy by monitoring a sample of Aethon’s newest production sites in the Haynesville, helping to methodically test the feasibility and scale for establishing low upstream emissions (LUE) standards.
“We’re proud to join Cheniere in this collaboration to drive greater transparency and reporting of carbon emissions that will encourage more sustainable approaches to natural gas production and usage,” said Gordon Huddleston, Co-President and Partner of Aethon. “Aethon remains committed to leveraging innovative solutions that deliver tangible results and drive our company-wide efforts to reduce carbon emissions.”
The QMRV collaboration with Cheniere complements Aethon’s existing carbon emissions reduction programs throughout the lifecycle of the well, including innovative approaches to:
Innovative solutions like Aethon’s partnership with BJ Energy Solutions to deploy the TITAN direct drive natural gas-fired turbine fracturing fleet may offset more than 40% of Aethon’s total North Louisiana wellsite emissions as reported in 2020.
For more information about Aethon’s QMRV collaboration with Cheniere, please click here.
About Aethon Energy Management
Aethon Energy Management (Aethon) is a private investment firm focused on direct investments in onshore oil and gas properties in the United States. Aethon is a leading operator and the largest private natural gas producer in the Haynesville Shale. For more information about Aethon, please visit www.AethonEnergy.com.
Aethon Energy
Macy Yates
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C3.ai DTI Awards $4.4M to 21 Projects to Advance Breakthrough Artificial Intelligence Research for the Energy Sector
URBANA, Ill. & BERKELEY, Calif.--(BUSINESS WIRE)--C3.ai Digital Transformation Institute (C3.ai DTI) today announced the second round of C3.ai DTI awards, focused on using artificial intelligence (AI) techniques and digital transformation to advance energy efficiency and lead the way to a lower-carbon, higher-efficiency economy that will ensure energy and climate security.
C3.ai DTI issued this call for proposals in February 2021, and received 52 submissions. A rigorous peer review process led to 21 awards for research proposals to improve resilience, sustainability, and efficiency through such measures as carbon sequestration, carbon markets, hydrocarbon production, distributed renewables, and cybersecurity, among other topics.
The Institute awarded a total of $4.4 million in cash from this call for proposals, the second call the Institute has released since the organization’s launch in March 2020. In addition to cash awards, research teams gain access to up to $2 million in Azure Cloud computing resources, up to 800,000 supercomputing node hours on the Blue Waters petascale supercomputer at the National Center for Supercomputing Applications (NCSA) at the University of Illinois at Urbana-Champaign, up to 25 million computing hours on supercomputers at Lawrence Berkeley National Laboratory’s National Energy Research Scientific Computing Center (NERSC), and free, unlimited access to the C3 AI® Suite hosted on the Microsoft Azure Cloud.
“The world’s energy infrastructure will need to undergo radical changes to address the impact of global energy generation,” said Thomas M. Siebel, chairman and CEO of C3 AI. “In the face of this crisis, the Institute is proud to bring together the best and brightest minds and provide direction and leadership to support objective analysis and AI-based, data-driven science for climate security.”
“Pursuing a sustainable future via advances in science and engineering is absolutely critical,” said Eric Horvitz, Chief Scientific Officer at Microsoft. “We’re deeply enthusiastic to join with the C3.ai Digital Transformation Institute to support frontier research on energy and climate at leading universities.”
The 21 projects were each awarded $100,000 to $250,000, for an initial period of one year, in one of nine categories, as listed below by project title, principal investigator, and affiliation.
“From wildfires to rising seas to monster storms crippling our energy systems, increasingly extreme weather clearly represents a severe threat to our economy, infrastructure, and national security,” said S. Shankar Sastry, C3.ai DTI Co-Director and Thomas M. Siebel Professor of Computer Science at the University of California, Berkeley. “Improving climate resilience will require profound changes powered by a new era of technology like those C3.ai DTI is supporting today.”
“A number of energy companies and utilities have used enterprise AI to transform their operations, but as we can see, there’s an even greater need for resilience to cyberattacks and large environmental disruptions,” said R. Srikant, C3.ai DTI Co-Director and Fredric G. and Elizabeth H. Nearing Endowed Professor of Electrical and Computer Engineering at the University of Illinois at Urbana-Champaign. “These projects are designed with those goals in mind.”
Award Criteria
C3.ai DTI selects research proposals that inspire cooperative research and advance machine learning and other AI subdisciplines. Projects are peer-reviewed on the basis of scientific merit, prior accomplishments of the principal investigator and co-principal investigators, the use of AI, machine learning, data analytics, and cloud computing in the research project, and the suitability for testing the methods at scale. Visit C3DTI.ai to learn more about the Institute’s programs, award opportunities, and selected research proposals.
About C3.ai Digital Transformation Institute
Established in March 2020 by C3 AI, Microsoft, and leading universities, the C3.ai Digital Transformation Institute is a research consortium dedicated to accelerating the benefits of artificial intelligence for business, government, and society. The Institute engages the world’s leading scientists to conduct research and train practitioners in the new Science of Digital Transformation – operating at the intersection of artificial intelligence, machine learning, cloud computing, internet of things, big data analytics, organizational behavior, public policy, and ethics.
The ten C3.ai Digital Transformation Institute consortium member universities and laboratories are: University of California, Berkeley, University of Illinois at Urbana-Champaign, Carnegie Mellon University, KTH Royal Institute of Technology, Lawrence Berkeley National Laboratory, Massachusetts Institute of Technology, National Center for Supercomputing Applications at University of Illinois at Urbana-Champaign, Princeton University, Stanford University, and University of Chicago. Additional industry partners include AstraZeneca, Baker Hughes, and Shell.
To support the Institute, C3 AI is providing the Institute $57,250,000 in cash contributions over the first five years of operation. C3 AI and Microsoft will contribute an additional $310 million of in-kind support, including use of the C3 AI® Suite and Microsoft Azure computing, storage, and technical resources to support C3.ai DTI research.
About C3.ai, Inc.
C3.ai, Inc. (NYSE:AI) is the Enterprise AI application software company that accelerates digital transformation for organizations globally. C3 AI delivers a family of fully integrated products: C3 AI® Suite, an end-to-end platform for developing, deploying, and operating large-scale AI applications; C3 AI Applications, a portfolio of industry-specific SaaS AI applications; C3 AI CRM, a suite of industry-specific CRM applications designed for AI and machine learning; and C3 AI Ex Machina, a no-code AI solution to apply data science to everyday business problems. The core of the C3 AI offering is an open, model-driven AI architecture that dramatically simplifies data science and application development. Learn more at: www.c3.ai.
C3.ai DTI Contact:
Kap Stann
Communications Manager, C3.ai DTI @ Berkeley
(510) 295-9685
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C3 AI Public Relations
Edelman
Lisa Kennedy
415-914-8336
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Investor Relations
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— Using Innovation from the Success of 12 Prior “Unicorn” Achievements, Butterfield’s Newest Venture Opens as One of Solar Industry’s Top-Five U.S. Residential Solar Providers —
SILICON SLOPES, Utah--(BUSINESS WIRE)--#HomeExperience--In a move that speaks to 2021’s strongest trends in the solar industry, serial successful entrepreneur Greg Butterfield announced today the formal launch of Lumio (lumio.com), an instant Top-Five U.S. residential solar provider.
Lumio’s Co-founder and Chairman, Greg Butterfield, has led and propelled the success of 12 prior organizations beyond the $1Billion-plus “Unicorn” valuation and exit as CEO, Director, or Operator.
Butterfield immediately saw in Co-founder and Lumio CEO, Jonathan Gibbs – a 3X Inc. 500 achiever with Smart Energy Today – their shared mission of ethical leadership and customer-first innovation.
“I’ve seen the future and it’s led by those willing to hyper-focus on creating delight at every customer touchpoint,” said Butterfield. “Jonathan (Gibbs) and our Lumio team are driven by this purpose. We know that when we lead with customer delight, the success and longevity will follow.”
Lumio is the result of combining five leading regional U.S. residential solar providers:
Atlantic Key Energy,
DECA
LIFT Energy,
Our World Energy, and
Smart Energy Today.
Each company leads their respective markets in customer satisfaction and time-to-install. In a period in which the solar industry’s average install time is 60-90 days, Lumio’s average install time – with high customer satisfaction – is less than 30 days. In some cases, it is less than 10 days.
Current market trends support the timeliness of Lumio’s approach. While reports indicate conditions are growing more challenging for the largest installers, smaller regional providers are rising and thriving. Interest and investment in home improvement is reaching record highs in 2021.
Butterfield and Gibbs have carefully crafted a team at Lumio with some of the top performers in software and technology. Likewise, each of the five U.S. regional solar companies – now inside Lumio – have brought exceptional talent and combined strength in customer experience, supply chain, sales, fulfillment and best-in-class operations.
“Speed is the currency of solar,” according to CEO Jonathan Gibbs. “The future leaders of this industry will ultimately find a way to reliably complete installs in seven days or less while elevating the customer experience.”
Lumio is also answering customers’ desires to implement multiple home improvements such as new roofs, battery backup systems and smart technology upgrades as integrated purchases at the same time – on the same loan – with install times well ahead of industry norms.
Creating Jobs and Advancing Careers
As of today’s formal launch, Lumio already has a 12-month run rate of more than $1billion in gross sales, with no sign of slowing down.
With more than 3,500 team members across 37 states, Lumio continues to identify top industry companies and individual performers to join their growing roster of partners and key employees.
Organizations, investors, strategic partners and prospective team members interested in participating in Lumio’s growth may contact This email address is being protected from spambots. You need JavaScript enabled to view it. or visit lumio.com for more information.
About Lumio
Founded in December 2020, and based in Lehi, Utah, Lumio is an instant Top-Five U.S. residential solar provider comprising five leading regional solar companies and several software platforms. Built upon principles of ethical leadership and customer-first innovation, Lumio’s collective strength lies in experience design, supply chain, unified sales strategies, fulfillment and best-in-class operations. Co-founded by Lumio Chairman Greg Butterfield (WordPerfect, Novell, Legato, Altiris, Symantec, Omniture, Vivint Solar, SolarWinds, Workfront, Domo, Venafi, Route) and CEO Jonathan Gibbs (Smart Energy Today), Lumio is the easiest way for people to learn about renewable home energy, select the right financing options and improve their home and pocketbook with smarter, cleaner and cheaper solar power.
Lumio is Home Experience, Elevated.™
Lumio
Daniel Hunt
801-341-9110
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BUFFALO, N.Y.--(BUSINESS WIRE)--Columbus McKinnon Corporation (Nasdaq: CMCO) (the “Company” or “Columbus McKinnon”), a leading designer and manufacturer of intelligent motion solutions for material handling, today announced the publication of its inaugural Corporate Social Responsibility (CSR) Report. This 2021 report details key initiatives the Company is undertaking in the areas of environmental, social, and governance, further illustrating Columbus McKinnon’s resilience and agility in delivering for its customers, while conducting business in a responsible manner.
Key achievements outlined in the Company’s inaugural CSR Report include:
"Our commitment to corporate responsibility is fundamental to our culture and core values," said David Wilson, President and CEO of Columbus McKinnon. "As we advance our Blueprint for Growth 2.0 strategy and pivot to growth, we are also taking deliberate steps to fully integrate ESG into our enterprise strategy, our business system, and our daily actions. We are energized and mobilized for a bright future where our ESG performance is a competitive advantage and makes the world a better place”.
About Columbus McKinnon
Columbus McKinnon is a leading worldwide designer, manufacturer and marketer of intelligent motion solutions that efficiently and ergonomically move, lift, position, and secure materials. Key products include hoists, crane components, precision conveyor systems, actuators, rigging tools, light rail workstations, and digital power and motion control systems. The Company is focused on commercial and industrial applications that require the safety and quality provided by its superior design and engineering know-how.
Safe Harbor Statement
This news release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements concerning future sales and earnings, involve known and unknown risks, uncertainties and other factors that could cause the actual results of the Company to differ materially from the results expressed or implied by such statements, including the ability of the Company to achieve its Blueprint for Growth 2.0 strategy and goals; and the ability to create outstanding experiences for employees and customers. Other factors that can impact future expectations include global economic and business conditions, conditions affecting the industries served by the Company and the Company's customers and suppliers, competitor responses to the Company's products and services, the overall market acceptance of such products and services, the ability to expand into new markets and geographic regions, and other factors disclosed in the Company's periodic reports filed with the Securities and Exchange Commission. The Company assumes no obligation to update the forward-looking information contained in this release.
Gregory P. Rustowicz
Vice President - Finance and Chief Financial Officer
Columbus McKinnon Corporation
716-689-5442
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Investor Relations:
Deborah K. Pawlowski
Kei Advisors LLC
716-843-3908
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DUBLIN--(BUSINESS WIRE)--The "Methane-d2 (CAS 676-55-1) Global Market Research Report 2021" report has been added to ResearchAndMarkets.com's offering.
This global report is a result of industry experts' diligent work on researching the world market of Methane-d2. The report helps to build up a clear view of the market trends and development, identify major players in the industry, and estimate main downstream sectors.
The Methane-d2 global market report key points:
The first chapter introduces the product (composition, structure, hazards, storage, toxicological & ecological information, etc.). The second chapter focuses on Methane-d2 end-uses. The third chapter summarizes data about manufacturing methods. The fourth chapter is about the related patents. The fifth chapter deals with Methane-d2 market trends and forecast, distinguish Methane-d2 manufacturers and suppliers. The sixth chapter provides Methane-d2 prices data. The seventh chapter analyses Methane-d2 downstream markets.
Key Topics Covered:
1. METHANE-D2 GENERAL INFORMATION
1.1. General information, synonyms
1.2. Composition, chemical structure
1.3. Safety information
1.4. Hazards identification
1.5. Handling and storage
1.6. Toxicological & ecological information
1.7. Transport information
2. METHANE-D2 APPLICATIONS
3. METHANE-D2 MANUFACTURING METHODS
4. METHANE-D2 PATENTS
5. METHANE-D2 MARKET WORLDWIDE
5.1. Global Methane-d2 market analysis: market constraints, drivers and opportunities
5.2. Manufacturers of Methane-d2
5.3. Suppliers of Methane-d2
5.4. Market forecast
6. METHANE-D2 MARKET PRICES
7. METHANE-D2 END-USE SECTOR
For more information about this report visit https://www.researchandmarkets.com/r/h0vy8z
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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