NEW YORK--(BUSINESS WIRE)--Blade Air Mobility, Inc. (NASDAQ:BLDE, “Blade”), a technology-powered urban air mobility company, today announced that its common stock will begin trading on the Nasdaq Stock Market under the symbol “BLDE”.
Rob Wiesenthal, CEO and Founder of Blade, commented, “Today marks a significant milestone in Blade’s evolution. The $365 million raised through our transition to a publicly traded company enables us to accelerate our growth strategy and market expansion initiatives. We look forward to driving long-term shareholder value by leveraging our proprietary terminals, strong operations and powerful brand as well as the capital entrusted to us.”
About Blade
Blade is a technology-powered urban air mobility platform committed to reducing travel friction by providing cost-effective air transportation alternatives to some of the most congested ground routes in the U.S. and abroad. Today, the company predominantly uses helicopters and amphibious aircraft. Its asset-light model, coupled with its exclusive passenger terminal infrastructure, is designed to facilitate a seamless transition to Electric Vertical Aircraft ("EVA" or “eVTOL”), enabling lower cost air mobility to the public that is both quiet and emission-free.
For more information, visit blade.com/investors.
Media
Phil Denning / Nora Flaherty
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Investors
Michael Callahan / Tom Cook
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Industry leaders combine digital drilling automation solutions for wellbore construction
LONDON--(BUSINESS WIRE)--Schlumberger and NOV announced today a collaboration to accelerate automated drilling solutions adoption by oil and gas operators and drilling contractors. The agreement will enable customers to combine Schlumberger surface and downhole drilling automation solutions with NOV’s rig automation platform to deliver superior well construction performance. This integrated offering enables the automation of manual workflows, improving safety, decision making, consistency, and efficiency in drilling operations.
“We are pleased to collaborate with NOV and to integrate their rig automation interface with our drilling automation solutions to unlock higher performance for operators and drilling contractors. Leveraging downhole and surface automation applications, we can deliver enhancements in operations safety and efficiency, and deliver top-quartile wells for our customers consistently,” comments Olivier Le Peuch, CEO, Schlumberger. “This partnership will help accelerate customers’ adoption of drilling automation technologies, enabling superior well construction performance.”
“Through this collaboration, NOV demonstrates its commitment to deliver an open digital automation platform that enables drilling contractors to achieve higher consistency, safety, and efficiency with improved wellbore quality,” said Clay Williams, Chairman, President and CEO, NOV. “We continue to invest in digital solutions that provide value for our customers. Drilling automation allows rig crews to focus on the big picture to drive performance and less on manual, repetitive tasks.”
The combined solution leverages advanced AI from the Schlumberger DrillOps* on-target well delivery solution, while NOV’s NOVOS process-automation platform controls all NOV rig equipment within the operational envelope. The two technologies will work seamlessly together to manage compliance to procedure and to reach best-in-class operational performance.
The family of DrillOps solutions includes open and modular technologies that leverage Schlumberger’s deep drilling domain knowledge and advanced machine learning applications to execute the digital drilling plan consistently and to automate drilling tasks, attaining higher levels of efficiency. More detail on the DrillOps solution can be found here.
NOVOS is a state-of-the-art open platform, automating repetitive drilling activities, benefiting contractors by allowing drillers to focus on consistent process execution and safety, and benefiting operators by optimizing drilling programs.
About Schlumberger
Schlumberger (SLB: NYSE) is a technology company that partners with customers to access energy. Our people, representing over 160 nationalities, are providing leading digital solutions and deploying innovative technologies to enable performance and sustainability for the global energy industry. With expertise in more than 120 countries, we collaborate to create technology that unlocks access to energy for the benefit of all.
Find out more at www.slb.com.
About NOV
NOV delivers technology-driven solutions to empower the global energy industry. For more than 150 years, NOV has pioneered innovations that enable its customers to safely produce abundant energy while minimizing environmental impact. The energy industry depends on NOV’s deep expertise and technology to continually improve oilfield operations and assist in efforts to advance the energy transition towards a more sustainable future. NOV powers the industry that powers the world.
Cautionary Statement Regarding Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the U.S. federal securities laws — that is, statements about the future, not about past events. Such statements often contain words such as “expect,” “may,” “believe,” “plan,” “can,” “estimate,” “intend,” “anticipate,” “should,” “could,” “will,” “likely,” “goal,” “potential,” “projected" and other similar words. Forward-looking statements address matters that are, to varying degrees, uncertain, such as forecasts or expectations regarding the deployment of, or anticipated benefits of, digital technologies. These statements are subject to risks and uncertainties, including, but not limited to, the inability to recognize intended benefits from digital strategies, initiatives or partnerships; and other risks and uncertainties detailed in our most recent Forms 10-K, 10-Q and 8-K filed with or furnished to the U.S. Securities and Exchange Commission. If one or more of these or other risks or uncertainties materialize (or the consequences of such a development changes), or should underlying assumptions prove incorrect, actual outcomes may vary materially from those reflected in our forward-looking statements. Statements in this press release are made as of the date of this release, and Schlumberger disclaims any intention or obligation to update publicly or revise such statements, whether as a result of new information, future events, or otherwise.
*Mark of Schlumberger
Media
Giles Powell – Director of Corporate Communication, Schlumberger Limited
Tel: +1 (713) 375-3494
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Investors
Ndubuisi Maduemezia – Vice President of Investor Relations, Schlumberger Limited
Joy V. Domingo – Director of Investor Relations, Schlumberger Limited
Tel: +1 (713) 375-3535
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DUBLIN--(BUSINESS WIRE)--The "Cold Flow Improver Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering.
The market for cold flow improver is expected to grow at a CAGR of 3% during the forecast period.
Major factor driving the growth of the market studied is increasing utilization of cold flow improvers in the aerospace & defense segment for maintaining the necessary flow properties of the engine oil. The surge in the popularity of electric vehicles is hindering the growth of the cold flow improver market.
Companies Mentioned
Key Market Trends
Increasing Demand from Aerospace & Defense Segment
North America to Dominate Cold Flow Improver Market
Key Topics Covered:
1 INTRODUCTION
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Drivers
4.1.1 Increasing Demand from Aerospace & Defense Segment
4.1.2 Other Drivers
4.2 Restraints
4.2.1 Surge in Popularity of Electric Vehicles
4.2.2 Unfavorable Conditions Arising Due to COVID-19 Outbreak
4.3 Industry Value Chain Analysis
4.4 Porters Five Forces Analysis
5 MARKET SEGMENTATION
5.1 Type
5.2 End-user Industry
5.3 Geography
5.3.1 Asia-Pacific
5.3.1.1 China
5.3.1.2 India
5.3.1.3 Japan
5.3.1.4 South Korea
5.3.1.5 Rest of Asia-Pacific
5.3.2 North America
5.3.2.1 United States
5.3.2.2 Canada
5.3.2.3 Mexico
5.3.3 Europe
5.3.3.1 Germany
5.3.3.2 United Kingdom
5.3.3.3 France
5.3.3.4 Italy
5.3.3.5 Rest of Europe
5.3.4 South America
5.3.4.1 Brazil
5.3.4.2 Argentina
5.3.4.3 Rest of South America
5.3.5 Middle-East and Africa
5.3.5.1 Saudi Arabia
5.3.5.2 South Africa
5.3.5.3 Rest of Middle-East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share/Ranking Analysis**
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 Afton Chemical
6.4.2 Baker Hughes
6.4.3 BASF SE
6.4.4 Bell Performance, Inc.
6.4.5 Chevron Corporation
6.4.6 Clariant
6.4.7 Dorf Ketal
6.4.8 Evonik Industries
6.4.9 Infineum International Limited
6.4.10 Innospec
6.4.11 The Lubrizol Corporation
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/wqbbii
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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Industry leaders combine digital drilling automation solutions for wellbore construction
LONDON--(BUSINESS WIRE)--Regulatory News:
Schlumberger and NOV announced today a collaboration to accelerate automated drilling solutions adoption by oil and gas operators and drilling contractors. The agreement will enable customers to combine Schlumberger surface and downhole drilling automation solutions with NOV’s rig automation platform to deliver superior well construction performance. This integrated offering enables the automation of manual workflows, improving safety, decision making, consistency, and efficiency in drilling operations.
“We are pleased to collaborate with NOV and to integrate their rig automation interface with our drilling automation solutions to unlock higher performance for operators and drilling contractors. Leveraging downhole and surface automation applications, we can deliver enhancements in operations safety and efficiency, and deliver top-quartile wells for our customers consistently,” comments Olivier Le Peuch, CEO, Schlumberger. “This partnership will help accelerate customers’ adoption of drilling automation technologies, enabling superior well construction performance.”
“Through this collaboration, NOV demonstrates its commitment to deliver an open digital automation platform that enables drilling contractors to achieve higher consistency, safety, and efficiency with improved wellbore quality,” said Clay Williams, Chairman, President and CEO, NOV. “We continue to invest in digital solutions that provide value for our customers. Drilling automation allows rig crews to focus on the big picture to drive performance and less on manual, repetitive tasks.”
The combined solution leverages advanced AI from the Schlumberger DrillOps* on-target well delivery solution, while NOV’s NOVOS process-automation platform controls all NOV rig equipment within the operational envelope. The two technologies will work seamlessly together to manage compliance to procedure and to reach best-in-class operational performance.
The family of DrillOps solutions includes open and modular technologies that leverage Schlumberger’s deep drilling domain knowledge and advanced machine learning applications to execute the digital drilling plan consistently and to automate drilling tasks, attaining higher levels of efficiency. More detail on the DrillOps solution can be found here.
NOVOS is a state-of-the-art open platform, automating repetitive drilling activities, benefiting contractors by allowing drillers to focus on consistent process execution and safety, and benefiting operators by optimizing drilling programs.
About Schlumberger
Schlumberger (SLB: NYSE) is a technology company that partners with customers to access energy. Our people, representing over 160 nationalities, are providing leading digital solutions and deploying innovative technologies to enable performance and sustainability for the global energy industry. With expertise in more than 120 countries, we collaborate to create technology that unlocks access to energy for the benefit of all.
Find out more at www.slb.com.
About NOV
NOV delivers technology-driven solutions to empower the global energy industry. For more than 150 years, NOV has pioneered innovations that enable its customers to safely produce abundant energy while minimizing environmental impact. The energy industry depends on NOV’s deep expertise and technology to continually improve oilfield operations and assist in efforts to advance the energy transition towards a more sustainable future. NOV powers the industry that powers the world.
Cautionary Statement Regarding Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the U.S. federal securities laws — that is, statements about the future, not about past events. Such statements often contain words such as “expect,” “may,” “believe,” “plan,” “can,” “estimate,” “intend,” “anticipate,” “should,” “could,” “will,” “likely,” “goal,” “potential,” “projected" and other similar words. Forward-looking statements address matters that are, to varying degrees, uncertain, such as forecasts or expectations regarding the deployment of, or anticipated benefits of, digital technologies. These statements are subject to risks and uncertainties, including, but not limited to, the inability to recognize intended benefits from digital strategies, initiatives or partnerships; and other risks and uncertainties detailed in our most recent Forms 10-K, 10-Q and 8-K filed with or furnished to the U.S. Securities and Exchange Commission. If one or more of these or other risks or uncertainties materialize (or the consequences of such a development changes), or should underlying assumptions prove incorrect, actual outcomes may vary materially from those reflected in our forward-looking statements. Statements in this press release are made as of the date of this release, and Schlumberger disclaims any intention or obligation to update publicly or revise such statements, whether as a result of new information, future events, or otherwise.
*Mark of Schlumberger
Media
Giles Powell – Director of Corporate Communication, Schlumberger Limited
Tel: +1 (713) 375-3494
This email address is being protected from spambots. You need JavaScript enabled to view it.
Investors
Ndubuisi Maduemezia – Vice President of Investor Relations, Schlumberger Limited
Joy V. Domingo – Director of Investor Relations, Schlumberger Limited
Tel: +1 (713) 375-3535
This email address is being protected from spambots. You need JavaScript enabled to view it.
CARSON CITY, Nev.--(BUSINESS WIRE)--Vidler Water Resources, Inc. announced its reported results for the first quarter ended March 31, 2021. Our reported shareholders’ equity was $177.9 million ($9.63 per share) at March 31, 2021, compared to $178.3 million ($9.59 per share) at December 31, 2020.
First Quarter Results of Operations
Our fourth quarter results of operations were as follows (in thousands):
|
Three Months Ended March 31, |
|||||||||
|
2021 |
|
2020 |
|||||||
Total revenue |
$ |
2,933 |
|
|
|
$ |
229 |
|
|
|
Total cost and expenses |
2,219 |
|
|
|
2,040 |
|
|
|||
Income (loss) from operations before income taxes |
714 |
|
|
|
(1,811 |
) |
|
|||
Provision for federal and state income taxes |
(182 |
) |
|
|
— |
|
|
|||
Net income (loss) attributable to Vidler Water Resources, Inc. |
$ |
532 |
|
|
|
$ |
(1,811 |
) |
|
|
|
|
|
|
|||||||
Net income (loss) per share |
$ |
0.03 |
|
|
|
$ |
(0.09 |
) |
|
|
Vidler Water Resources’ President and Chief Executive Officer, Dorothy Timian - Palmer, commented:
“Our first quarter 2021 results were largely driven by sales of water rights in northern Nevada and New Mexico for $2.7 million. With these sales we have now sold all of our water rights inventory at Dodge Flat, Nevada and Middle Rio Grande, New Mexico. These transactions should generate taxable income for fiscal year 2021, but we anticipate that this income, and any other corporate tax on earnings generated from any other sales transactions in the remainder of 2021, can be offset by our federal Net Operating Losses (“NOLs”) of $155.3 million as at December 31, 2020. Any potential cash flow savings due to the use of our NOLs will become even more valuable if corporate tax rates are increased in the future.
“We continue to explore ways to increase cash flow from our assets. These efforts include an agreement with a solar power generating company to lease a portion of our properties and to purchase Long-Term Storage Credits in Harquahala Valley, Arizona. We also intend to enter into an agreement with Truckee Meadows Water Authority (“TMWA”) to sell up to 400 acre-feet of water credits from our Fish Springs Ranch inventory for use in their service areas and an ongoing use of 3,000 acre-feet for Truckee River instream flow requirements and water quality enhancement, conjunctive use, groundwater recharge, effluent management alternatives and irrigation within the Reno and Sparks, Nevada area. We expect this agreement to be for a period of up to 10 years and should generate approximately $1 million in annual revenue. This agreement reflects our collaborative efforts with TMWA to collect additional data relative to the aquifer quality and viability at Fish Springs Ranch (“FSR”) and aids our efforts in moving forward on the next 5,000 acre-feet which we hope to import to the North Valleys of Reno.
If we enter into an agreement with TMWA, the $1 million annual cash flow we expect to generate will further offset our estimated $5.2 million annual net operating costs. To put this annual net cash flow into context, the interest on our preference account at FSR - certain development and construction costs are treated as preferred capital which entitles us to receive interest on the initial balance of the preferred capital plus accumulated interest and are first in line to be paid out as the FSR partnership generates sufficient revenue - currently accrues at approximately $9 million per year.
“The drought in the Western U.S. over the past year has severely impacted the Colorado River watershed. As a result, Lake Powell and Lake Mead, the country’s two largest reservoirs, which hold supplies for cities, farming districts and tribes across the Southwest and Mexico, both look likely to experience record lows within the next year. Three years ago, the seven states that comprise the Colorado River Basin agreed to a drought contingency plan that resulted in immediate cutbacks of Colorado River supplies to Arizona and Nevada to help maintain a minimum level of water at Lake Mead. Under the drought agreement, Arizona’s supply was cut by 192,000 acre-feet each year in 2020 and 2021, representing about 11% of the Central Arizona Project’s total supply. The cutbacks to Arizona would more than double under the expected shortage next year. Our significant quantity of Long-Term Storage Credits in both the Phoenix Active Management Area and in Harquahala Valley are available to assist the state of Arizona, as well as cities, farming districts and commercial enterprises manage their assured water supplies in this period of extreme drought and shortage. The mega-drought is driving entities to seek water supplies that would not have been considered in the past. As the mega-drought continues, we believe it will increase the pricing of water supplies.
Share Repurchases and Deletion from the Russell 2000 Index
“In the last three years we have used nearly all of our operating cash flow to repurchase our common stock through open market purchases. To date, under our share repurchase program, we have repurchased approximately 4.9 million shares of common stock for a total cost of $50.7 million. In addition, we also distributed a special dividend of $5 per share - $115.9 million - to our shareholders in 2017.
“As we have previously noted, one consequence of our return of capital program is that it has resulted in a smaller market capitalization, which could result in our shares being deleted from major stock indexes. Based on current estimates, we believe we will be eliminated from the Russell 2000 Index on its reconstitution day of June 25th, 2021. We intend to continue our repurchases and our program has, on average, purchased our shares at a premium of approximately 8% to our March 31, 2021 book value per share of $9.63. We believe this is beneficial to our continuing shareholders as current share prices are significantly below our estimate of the Company’s intrinsic value per share.
We believe the Company’s intrinsic value is underpinned by several factors. First, our assets in Arizona are critical to meeting the region’s future water needs, and the likely declaration of a Colorado River shortage should significantly increase demand for them. Second, our Northern Nevada assets are well-positioned to both help meet California’s and Reno, Nevada’s needs as a growing logistics and manufacturing hub, and ease Reno’s home affordability and availability crisis (as less than one month’s home supply is currently available) by enabling the development of thousands of new and affordable homes. Third, our Southern Nevada assets are well-positioned to meet the needs of existing and new communities. If we are deleted from the Russell 2000 index, our ability to repurchase additional shares will be limited by share repurchase safe harbor rules and our current liquidity. We are exploring all means to maximize any potential dislocation in our stock, arising from our deletion from the Russell 2000 Index, for the remaining shareholders’ benefit.
“Finally, management is participating at the Q2 Virtual Investor Summit conference and will be making a presentation of the Company at 9:30 am PDT on Tuesday May 18.”
About Vidler Water Resources, Inc.
As of December 31, 2020, our primary holding was Vidler Water Company, Inc. (“Vidler”), a water resource and water storage business, with assets and operations primarily in the Southwestern U.S.
Our business is to source, develop and provide sustainable potable water resources to fast-growing communities throughout the Southwest U.S. that lack, or are running short of, available water resources.
We conduct our business by working closely with many constituents in these communities: regulators, utilities, Native North American tribes, community leaders, residential and commercial developers and alternative energy companies. We ensure the water resources we develop and sell are sustainable and provide benefit to the citizens of the communities and regions we serve.
Currently, we believe the highest potential return to shareholders is from a return of capital. As we monetize our water and real estate assets, rather than reinvest the proceeds, we intend to return capital to shareholders through a stock repurchase program or by other means such as special dividends. Nonetheless, we may, from time to time, reinvest a portion of proceeds from asset monetizations in further development of existing assets, if we believe the returns on such reinvestment outweigh the benefits of a return of capital.
OTHER INFORMATION
At March 31, 2021, we had a market capitalization of $164.4 million, and 18,475,625 shares outstanding.
We remind all of our stockholders that questions regarding our operations may be submitted to This email address is being protected from spambots. You need JavaScript enabled to view it., and, if appropriate, we will post on our website responses to these questions.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
This press release contains statements that may constitute forward-looking statements, which are based on information currently available, usually identified by words such as "anticipates," "believes," "estimates," "plans,'' "projects," "expects," "hopes," "intends," "strategy," ''focus," "outlook," "will," "could," "should," "may," "continue," or similar expressions, which speak only as of the date the statement was made. Such statements are forward-looking statements and are within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such statements are subject to the safe harbor created by those sections and the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical or current fact, are statements that could be deemed forward-looking statements, including without limitation statements regarding our business objectives, our ability to monetize our water resources, the future demand for our water resources, our ability to reduce net operating cash use, our ability to source additional revenue streams, our ability to preserve and utilize NOLs to offset taxable income and reduce our federal income liability, and our ability to monetize assets and return capital to shareholders through stock repurchases or through other means. The forward-looking statements are based on current expectations and assumptions and are subject to risks and uncertainties.
A number of other factors may cause actual results to differ materially from our expectations, such as: any slow down or downturn in the housing or in the real estate markets in which Vidler operates; fluctuations in the prices of water and water rights; physical, governmental and legal restrictions on water and water rights; a downturn in some sectors of the stock market; general economic conditions; the impacts of the COVID-19 global pandemic on the demand for real estate, the pace of real estate development, and demand for water resources to support residential and commercial real estate development; prolonged weakness in the overall U.S. and global economies; the performance of the businesses in which Vidler operates; the continued service and availability of key management personnel; and potential capital requirements and financing alternatives.
For further information regarding risks and uncertainties associated with our business, please refer to the “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Risk Factors” sections of our SEC filings, including our Annual Report on Form 10-K and our Quarterly Reports on Form 10-Q, copies of which may be obtained by contacting us at (775) 885-5000 or at http://vidlerwater.com.
We undertake no obligation to (and we expressly disclaim any obligation to) update our forward-looking statements, whether as a result of new information, subsequent events, or otherwise, in order to reflect any event or circumstance which may arise after the date of this press release, except as may otherwise be required by law. Readers are urged not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.
Dorothy Timian-Palmer
President and Chief Executive Officer
(775) 885-5000
LEMONT, Ill.--(BUSINESS WIRE)--Manufacturers understand the potential of supercomputers to optimize the design and manufacture of their products while increasing the bottom line. But the cost to own one is prohibitive and requires a comprehensive knowledge of advanced modeling and simulation techniques.
To ease some of that burden, the U.S. Department of Energy (DOE) is providing U.S. companies access to its world-class computing resources and technical expertise through an innovative program that uses high performance computing (HPC) to solve pressing manufacturing and materials development challenges.
The High Performance Computing for Energy Innovation (HPC4EI) program consists of two subprograms — one focused on manufacturing (HPC4Mfg) and the other on materials (HPC4Mtls). Companies interested in either program can apply for up to $300,000 in funding, generally twice per year. Awardees can suggest a national laboratory as a partner, or program officials may match companies with national laboratories. Awardees then enter a collaborative agreement with a national laboratory that protects the company’s rights to generated data and new intellectual property.
When Argonne is involved, company researchers partner with scientists in Argonne’s research divisions and at the Argonne Leadership Computing Facility (ALCF), a DOE Office of Science User Facility. At ALCF, U.S. manufacturers can access computing resources that are up to 100 times more powerful than systems typically used by corporations.
Argonne has made it a priority to align its computing and computational science expertise with researchers who develop advanced technologies for U.S. manufacturers. Some of the most successful HPC4EI projects took advantage of this expertise, as well as Argonne’s capabilities in advanced modeling and data analysis, to advance their company’s manufacturing or materials goals.
The HPC4EI program is the best fit for companies with an energy-focused project in mind that could uniquely benefit from large-scale HPC resources. Projects that involve substantial energy savings for the company or the end-user, or that support the development of new clean-energy technologies, are favored.
Argonne has already worked with many companies to bring the power of HPC to industry. Argonne’s experience in developing high-fidelity complex simulations, harnessing the power of artificial intelligence (AI), and conducting deep data analysis with enhanced visualizations has contributed to the success of many HPC4EI projects.
The HPC4EI program is sponsored by the DOE’s Advanced Manufacturing Office (AMO) within the Energy Efficiency and Renewable Energy (EERE) Office.
Companies interested in working with Argonne should contact partners@anl.gov.
Christopher J. Kramer
Head of Media Relations
Argonne National Laboratory
Office: 630.252.5580
This email address is being protected from spambots. You need JavaScript enabled to view it.
Migration to a master operating system enables the port to begin execution on plans for additional infrastructure modernization to account for rapidly growing demand
OAKLAND, Calif.--(BUSINESS WIRE)--#Logistics--Navis, a part of Cargotec Corporation, and the provider of operational technologies and services that unlock greater performance and efficiency for leading organizations throughout the global shipping industry, today announced that Haifa Port Company has finalized the N4 upgrade to the 3.7 release across its container and general cargo terminals. With the upgrade to N4 3.7, the port has prepared itself for upcoming improvements – upgrading equipment and facilities that are vital in supporting sustainable and efficient operations in response to growing demand in the region.
Located in northern Israel, Haifa Port Company is the largest port locally, operating at 1.4 million TEU and handling over 25 million tons of cargo, annually. To contend with supply demands, infrastructure challenges and the potential for increased cargo volumes, the port sought a comprehensive solution and approach to improving cargo movement and traffic management on site. The N4 upgrade, which was completed remotely by Navis due to pandemic restrictions, with zero operational downtime, enables the port to shift its focus to additional improvements across its facilities.
Upgrades underway include automation improvements taking place at the waterside such as installing a ship-to-shore optical character recognition (OCR) crane system to automatically identify the containers and yard tractors underneath the STS crane. Other plans include enhancements to the operations for the yard management staff where more modern applications can start to be utilized.
“Haifa Port Company is a regional transshipment hub, serving as the main lifeline for transporting various cargo types throughout the region, and as such, recognizes our responsibility to deliver these goods in a timely and efficient manner,” said Oded Orr, Project Manager at Haifa Port Company. “In support of this mission, we have dedicated significant time and resources to improve our port infrastructure, ensuring our facilities operate at the highest, most productive capacity. The major upgrade to N4 3.7 was the first step in this journey and now that all systems across the board are connected and speaking the same language, we expect to seamlessly execute our future modernization plans to better serve our customers.”
“Coming off of 2020 and all of the challenges that stakeholders across the shipping supply chain had to contend with, the importance of continued investment and development of ports for increased capacity and efficiency has never been clearer,” said Jacques Marchetti, General Manager, EMEA at Navis. “Anticipating growth in Israeli port volumes as increased capacity comes online in 2021, Haifa Port Company has put itself in the position to become an influential player in the Eastern Mediterranean market following the N4 upgrade and additional modifications. Its investment will not only increase productivity and economic competitiveness, but it will have a tremendous knock-on effect, supporting economic development in the region.”
For more information visit www.navis.com.
For more information visit www.haifaport.co.il
About Navis, LLC
Navis, a part of Cargotec Corporation, is a provider of operational technologies and services that unlock greater performance and efficiency for the world’s leading organizations across the cargo supply chain. Navis combines industry best practices with innovative technology and world-class services, to enable our customers, regardless of cargo type, to maximize performance and reduce risk. Through its holistic approach to operational optimization, Navis customers benefit from improved visibility, velocity and measurable business results. Whether tracking cargo through a terminal, improving vessel safety and cargo capacity, optimizing rail network planning and asset utilization, automating equipment operations, or managing multiple terminals through an integrated, centralized solution, Navis helps all customers streamline operations. www.navis.com
About Cargotec Corporation
Cargotec (Nasdaq Helsinki: CGCBV) enables smarter cargo flow for a better everyday with its leading cargo handling solutions and services. Cargotec's business areas Kalmar, Hiab and MacGregor are pioneers in their fields. Through their unique position in ports, at sea and on roads, they optimise global cargo flows and create sustainable customer value. Cargotec has signed United Nations Global Compact’s Business Ambition for 1.5°C. The company’s sales in 2020 totalled approximately EUR 3.3 billion and it employs around 11,500 people. www.cargotec.com
Jennifer Grinold
Navis, LLC
T+1 510 267 5002
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Geena Pickering
Affect
T+1 212 398 9680
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DUBLIN--(BUSINESS WIRE)--The "Leisure Boat Market Size, Share & Trends Analysis Report by Type, by Region, and Segment Forecasts, 2021-2028" report has been added to ResearchAndMarkets.com's offering.
The global leisure boat market size is expected to reach USD 57.92 billion by 2028, growing at a CAGR of 4.5% from 2021 to 2028
The increasing popularity of marine and coastal tourism, coupled with the growing inclination toward yachting as a recreational activity, is a primary factor driving the market. Although the ongoing Covid-19 pandemic has proved to be a major hindrance for the market, the gradual re-opening of the economies and eased restrictions are paving the way to bring the market back on track. Besides, the growing urge among masses to involve in leisure activities in the post-lockdown period further presents bright opportunities for the market over the forecast period.
The tourism industry has changed drastically over the last few years with the increasing popularity of marine and coastal tourism activities. The world economy is witnessing healthy growth and markets, such as the U.S., are witnessing growth in the per-capita income of the individuals, which, in turn, has resulted in a rise in the disposable income of consumers. A rise in the number of High-Net-Worth Individuals (HNWIs) is expected to drive consumers to spend more on leisure activities, thus boosting demand for recreational boats.
The increasing number of boat shows and water sporting events are attracting a large number of boaters worldwide. The leading manufacturers are sponsoring boat shows and events, which, in turn, is enhancing the popularity of leisure boats. North America is poised to remain the most prominent region in terms of revenue generation during the forecast period. The rising demand for recreational watercraft is driven by factors such as improving economic conditions and the rising disposable income of consumers in the region. The U.S. is anticipated to witness significant growth over the forecast period. Demand in the country is majorly driven by factors such as the increasing number of high-net-worth individuals and the growing popularity of water sports and fishing activities.
Furthermore, there are changes taking place in boat building, such as the adoption of IoT technology that enables appliances, physical structures, vehicles, smartphones, wearable devices, and heavy equipment to be connected, while facilitating an exchange of information through a single network. The connected boat provides enhanced safety, security, and accuracy, while also improving the efficiency of the boat by digitalizing and optimizing various functions.
Measures taken by various governments to promote tourism activities in their countries are also boosting the market growth. Countries with rich natural resources, such as vast coastlines and large inland water bodies, are undertaking initiatives to promote recreational boating activities to increase their tourism business.
Countries such as the U.S. have a vast coastline, a highly developed infrastructure, and a large population that participates in leisure boating activities, thus opening new growth opportunities for the market. Additionally, the French government is encouraging yacht manufacturers by providing them support in various forms, thus enabling them to invest in expanding their yacht maintenance and construction capacities.
Key players in the market include Avon Marine; Azimut Benetti Group; Baja Marine; Bavaria Yachtbau GmbH; Bombardier Recreational Products (BRP) Inc.; Brunswick Corporation; Ferretti S.P.A.; and Fountain Powerboats, Inc..
Key Topics Covered:
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Market Variable, Trends & Scope
Chapter 4. Leisure Boat Market: Type Outlook
Chapter 5. Leisure Boat Market: Regional Outlook
Chapter 6. Competitive Analysis
Chapter 7. Competitive Landscape
For more information about this report visit https://www.researchandmarkets.com/r/xxv22o
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Laura Wood, Senior Press Manager
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Octopus Energy completes purchase of Brilliant Energy to bring cheaper, 100% renewable energy to more Texans
HOUSTON--(BUSINESS WIRE)--Renewable energy retailer Octopus Energy US today announced that it has signed an agreement to acquire the residential customer book of retail energy provider Brilliant Energy LLC, adding to the EnTech company’s existing base of Texas customers. The $2.23 million deal will see Octopus Energy take ownership and responsibility for the management and supply of energy to the approximately 9,000 residential customers currently supplied by Brilliant Energy.
This news follows Octopus Energy’s entry into the U.S., starting in Texas, late last year and builds on the company’s goals to invest $100 million into the U.S. energy market and target 25 million U.S. energy accounts by 2027.
Under the agreement, Brilliant Energy’s customers will be brought under Octopus Energy’s proprietary technology platform Kraken and will experience the same or lower prices as a result of the transaction. All will receive the same award-winning service as Octopus’s existing customers across the globe.
Brilliant Energy was built on the grounds of providing electricity to customers through a simple and transparent process. Championing a cheaper, greener and more enjoyable energy experience, Octopus Energy will continue to provide Brilliant Energy’s customers with premier customer service, while unlocking the power of wholesale energy to accelerate the clean energy transition.
Michael Lee, CEO of Octopus Energy US, said: “Brilliant Energy is a company that has always stood for quality and unique brand experiences. It complements our strong dedication to bringing unparalleled customer experience to our users. This is a major moment for us, as we work to bring our 100% renewable energy supply and outstanding technology to more Texans and their homes.”
Octopus Energy is one of the most awarded energy companies in the United Kingdom, where the company was founded five years ago, for its customer service. In fact, Octopus Energy was recently awarded the 2020 Retail Energy Provider of the Year. With a customer-first model, the company gained eight accolades for outstanding service in 2020 alone and Octopus Energy is the only energy supplier to ever gain the Which? Recommended award four years in a row. Founded by technology entrepreneurs, Octopus Energy has a different starting point to other suppliers, aiming to redefine what is possible for consumers and the energy system by using technology and data to deliver the best products and experiences.
About Octopus Energy
Octopus Energy Group is a technology-driven, renewable energy retailer, directly supplying 2 million customers globally with 100% green electricity at a cheaper price and with a focus on outstanding customer service. Founded in the U.K. five years ago, Octopus Energy entered the U.S. market in 2020, forming Octopus Energy U.S. and fueling the company’s global expansion. Octopus Energy is valued at over $2 billion and is the U.K.’s fastest-growing private company. To learn more, visit: www.octopusenergy.com
About Brilliant Energy
Brilliant Energy is a Houston-based retail electricity provider on a mission to provide simple electricity to everyone in Texas. Brilliant Energy has served Texas commercial and residential customers since just after deregulation was implemented.
Pakelody Cheam
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Customers Should Stay Vigilant to Recognize and Avoid Scams as Most Vulnerable, including Seniors, Low-Income Families, non-English Speakers and Small Business Owners Are Often Targeted
SAN FRANCISCO--(BUSINESS WIRE)--With just a week left until the 2020 tax year filing deadline on May 17, Pacific Gas and Electric Company (PG&E) warns customers to protect themselves from an increase in scams involving people posing as PG&E employees.
According to the IRS, scammers are impersonating utility workers to try to steal financial information from unsuspecting victims to file fraudulent tax returns in their names and then collect their refunds. These imposters can be convincing and are also stealing money from gas and electric customers by contacting them to ask for immediate payment to avoid service disconnection.
Scammers tend to target those who are most vulnerable and who may be particularly worried about potential disruption of their gas or electric service. Anyone can be a target, although scammers often prey on seniors, low-income families, non-English speakers, and small business owners.
"We urge customers to be extra vigilant during this time as criminals will use the tax filing deadline to create fear and scam unsuspecting victims, especially when a group of people is vulnerable or in a state of need,” said Marlene Santos, Executive Vice President and Chief Customer Officer at PG&E. “Remember that PG&E will never ask for your financial information over the phone or via email, and will never demand immediate payment for an alleged past due bill.”
In Foster City, a PG&E customer was scammed of $1,000 on April 13 by someone impersonating a PG&E employee. This is just one of many scams reported to law enforcement and the company in recent weeks. However, in some cases, scams go unreported because the victims may be too embarrassed to tell anyone or report the fraud to the authorities.
With the right information, customers can learn to detect and report fraudulent activity. Here are some steps they can take to protect themselves and their families against being victimized:
Signs of a potential scam
Customers who suspect that they have been victims of fraud, or who feel threatened during contact with one of these scammers, should contact local law enforcement.
For more information about scams, visit www.pge.com/scams and www.utilitiesunited.org.
About PG&E
Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is a combined natural gas and electric utility serving more than 16 million people across 70,000 square miles in Northern and Central California. For more information, visit pge.com and pge.com/news.
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SAN JOSE, Calif.--(BUSINESS WIRE)--$BE--Bloom Energy (NYSE: BE) will participate in the following virtual events for the financial community.
Credit Suisse Renewables and Utilities Conference
Thursday, May 13, 2021
J.P. Morgan Global Technology, Media and Communications Conference
Tuesday, May 25, 2021
Cowen Sustainability & Energy Transition Summit
Tuesday, June 8, 2021
Morgan Stanley 6th Annual Sustainability Futures Conference
Wednesday, June 9, 2021
BofA Hydrogen Conference, Evaluating Every Color of the Hydrogen Rainbow
Wednesday, June 23, 2021
J.P. Morgan Energy, Power & Renewables Conference
Wednesday, June 23, 2021
About Bloom Energy
Bloom Energy’s mission is to make clean, reliable energy affordable for everyone in the world. The company’s product, the Bloom Energy Server, delivers highly reliable and resilient, always-on electric power that is clean, cost-effective, and ideal for microgrid applications. Bloom’s customers include many Fortune 100 companies and leaders in manufacturing, data centers, healthcare, retail, higher education, utilities, and other industries. For more information, visit www.bloomenergy.com.
Investor Relations:
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Media Relations:
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Bloom Energy
+1 (480) 341-5464
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DUBLIN--(BUSINESS WIRE)--The "A Dynamic Threat Landscape Propels the Global Maritime Port Security Market" report has been added to ResearchAndMarkets.com's offering.
The study is global, yet split into 7 regions: Africa, Asia-Pacific, Central Asia, Europe, Latin America, the Middle East, and North America. It includes the top 100 ports based on twenty-foot equivalent units (TEUs) handled, corroborated for 196 countries.
The shipping industry is responsible for about 90% of global trade by volume. Governments prioritize the safe and secure transportation of goods, including from land to sea at port sites, to ensure economic stability and growth.
Ports are regarded as national infrastructure and are both a potential terrorist target and an entry point for terrorists; still, persistent threats (the illegal movement of individuals, weapons, drugs, or other illicit materials) are often higher on the risk register than terrorism-related threats because they are more common and cause greater losses or damage to port operations. Concerns about persistent threats are primarily behind the push to enhance security technology at ports, with the West taking tougher stances on border control to stem the tide of illegal immigration.
This research assesses the global maritime port security market through the identification of market trends, drivers and restraints, key technologies, and main developments by region. An examination of notable projects and investments will identify areas of considerable growth and opportunities for security providers. The focus is on the land-side security of a port; the study excludes ship onboard security technologies, automatic identification systems, and vessel traffic services and systems.
Technologies include access control and identity management, C2, communication equipment, cybersecurity, data analytics and storage, fire equipment, screening and detection, surveillance, vehicles and platforms, personal protection gear, and managed services.
Key Topics Covered:
1. Strategic Imperatives
2. Growth Opportunity Analysis
3. North America
4. Asia-Pacific
5. Latin America
6. Middle East
7. Central Asia
8. Europe
9. Africa
10. Growth Opportunity Universe
11. Next Steps
For more information about this report visit https://www.researchandmarkets.com/r/6h7ujc
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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Daniel Romito, Rachel Racz and Ismail Hammami bring a combined 30+ years of expertise to PEP’s Consulting, ESG and energy transition business
HOUSTON--(BUSINESS WIRE)--Pickering Energy Partners (PEP), a Houston-based energy financial services firm, today announced the hiring of Dan Romito as a Consulting Partner in the company’s Consulting business, Rachel Racz as a Director in Business Development and Ismail Hammami also as a Consulting Partner, specifically for oil and gas. The hires come as PEP continues to lead their clients with smart investment solutions and guidance for today’s energy world.
“Our goal is to continue to invest in our team, grow our offerings, and remain the leader in energy investment and advisory services,” said Dan Pickering, Chief Investment Officer of Pickering Energy Partners. “We could not have selected a more distinguished group of people to join the PEP team and drive our efforts. Dan, Rachel, and Ismail’s combined experience will be invaluable as we continue to help our clients navigate the energy landscape, regardless of which direction it’s going.”
Romito joins the PEP team, from his most recent role leading NASDAQ’s Corporate Advisory business and is a sought-after expert and speaker on Environmental, Social, and Governance (ESG) issues. While at NASDAQ, Romito launched the investor behavioral analytics platform, the ESG Advisory Service, and the Small Cap Targeting Service. Most notably, he built the company's ESG program from the ground up and advised numerous global clients on optimizing and implementing ESG initiatives. Romito has shared his experience and research on panels across North America, Europe and Asia, and has been published in Harvard Business Review, CNBC and Bloomberg.
Racz will be responsible for fostering client relationships for PEP’s Consulting business and the recently announced Electric Vehicle infrastructure company, MERGE Electric Fleet Solutions. Romito will lead the consulting team and focus on developing business with clients in relation to energy ESG consulting projects. The new team members will lend their extensive expertise to support PEP’s expanding business capabilities in ESG and the energy transition.
Racz is well-regarded in the energy sector and a leading expert on ESG. Most recently, Racz served as Executive Director at the Energy ESG Council, where she helped launch the non-profit and led partnership efforts between the Council and industry leaders and built a simplified industry-focused sustainability reporting and measurement framework. Before her time at the Energy ESG Council, Racz spent five years at NASDAQ as Managing Director & Head of Energy Listings, Client Retention, and New Business Development where she managed exchange partnerships, established the sector strategy for the NASDAQ and launched the Energy Solutions team.
Hammami’s addition to the PEP team will focus on leveraging over 15 years of experience in investment banking and consulting across the energy value chain in oil and gas. In his most recent role as Consulting Vice President at Wood Mackenzie, Hammami lead midstream and downstream consulting engagements for America’s consulting practice, along with advising pipeline, terminal, midstream and refinery studies. Before his position at Wood Mackenzie, Hammami was with Deutsche Bank on the energy investment banking team. It was in this role that Hammami worked closely with the Wood Mackenzie team as a buy-side advisor, sell-side advisor and left lead on several multibillion-dollar engagements.
Romito, Racz and Hammami’s hiring comes as PEP recently announced its merger with SailingStone Capital and following the formal launch of PEP’s consulting practice. PEP’s experienced team provides investment solutions and guidance on traditional energy, the energy transition, and ESG trends to a wide variety of institutional and corporate clients.
To read more about Daniel Romito, Rachel Racz and Ismail Hammami, please click here. To learn more about PEP’s business offerings and capabilities, please click here or click here to watch a short video.
About Pickering Energy Partners
The original Pickering Energy Partners (PEP) was founded in early 2004 by Dan Pickering as an institutional energy research firm before subsequently partnering with Bobby Tudor and Maynard Holt in 2007 to become Tudor, Pickering, Holt & Company. Today's Pickering Energy Partners takes an entrepreneurial approach to a global natural resources-focused financial services platform with customized asset management strategies and a high impact consulting capability. Headquartered in Houston, Texas, PEP delivers an experienced, opportunistic team that aims to provide guidance and long-term value for clients while having a positive impact on the companies and communities that PEP invests in. For more information, please visit www.PickeringEnergyPartners.com.
PEP is an SEC Registered Investment Advisor located in Houston, Texas. PEP does not provide corporate advisory or investment banking services on energy-related transactions.
Walker Moody at (713) 804-7577
Agreement now has support of 11 parties in total
ORANGE, Conn.--(BUSINESS WIRE)--AVANGRID, Inc. (NYSE: AGR), a leading sustainable energy company, yesterday filed its revised stipulation agreement as part of the company’s planned merger with PNM Resources, Inc. (NYSE: PNMR), adding three new parties as signatories, including Walmart, Inc., the Interwest Energy Alliance and Onward Energy Holdings, Inc. They join eight parties that have already signed on to the agreement, including the Attorney General of the State of New Mexico, Western Resource Advocates, the International Brotherhood of Electrical Workers Local 611, Dine Citizens Against Ruining Our Environment, Nava Education Project, San Juan Citizens Alliance, To Nizhoni Ani and the Coalition for Clean Affordable Energy. The company submitted the revised filing following talks with all parties at the direction of the New Mexico Public Regulation Commission (NMPRC) hearing examiner.
“This merger will bring significant benefits to the people of New Mexico and the diversity of parties who have signed on to this agreement reflects this,” said Dennis V. Arriola, CEO of AVANGRID. “We look forward to continuing to move forward in this process and engaging additional support in New Mexico.”
The customer benefits in the agreement include:
The agreement includes additional economic development for New Mexico:
The NMPRC will commence public hearings on the proposed merger in the coming weeks.
About AVANGRID: AVANGRID, Inc. (NYSE: AGR) aspires to be the leading sustainable energy company in the United States. Headquartered in Orange, CT with approximately $38 billion in assets and operations in 24 U.S. states, AVANGRID has two primary lines of business: Avangrid Networks and Avangrid Renewables. Avangrid Networks owns and operates eight electric and natural gas utilities, serving more than 3.3 million customers in New York and New England. Avangrid Renewables owns and operates a portfolio of renewable energy generation facilities across the United States. AVANGRID employs approximately 7,000 people and has been recognized by Forbes and Just Capital as one of the 2021 JUST 100 companies – a list of America’s best corporate citizens – and was ranked number one within the utility sector for its commitment to the environment and the communities it serves. The company supports the U.N.’s Sustainable Development Goals and was named among the World’s Most Ethical Companies in 2021 for the third consecutive year by the Ethisphere Institute. For more information, visit www.avangrid.com. |
Forward-Looking Statements
Certain statements made in this press release for AVANGRID that relate to future events or expectations, developments, projections, estimates, intentions, goals, targets, and strategies are made pursuant to the Private Securities Litigation Reform Act of 1995. All statements contained in this Press Release that do not relate to matters of historical fact should be considered forward-looking statements, and are generally identified by words such as “may,” “will,” “would,” “can,” “expect(s),” “intend(s),” “anticipate(s),” “estimate(s),” “believe(s),” “future,” “could,” “should,” “plan(s),” “aim(s),” “assume(s)”, “project(s)”, “target(s)”), “forecast(s)”, “seek(s)” and or the negative of such terms or other variations on such terms, comparable terminology or similar expressions. These forward-looking statements generally include statements regarding the potential transaction between AVANGRID and PNM Resources, including any statements regarding the expected timetable for completing the potential merger, the ability to complete the potential merger, the expected benefits of the potential merger, projected financial information, future opportunities, and any other statements regarding AVANGRID’s and PNM Resources’ future expectations, beliefs, plans, objectives, results of operations, financial condition and cash flows, or future events or performance. Readers are cautioned that all forward-looking statements are based upon current reasonable beliefs, expectations and assumptions. AVANGRID assumes any obligation to update this information. Because actual results may differ materially from those expressed or implied by these forward-looking statements, AVANGRID cautions readers not to place undue reliance on these statements.
AVANGRID’s business, financial condition, cash flow, and operating results are influenced by many factors, which are often beyond its control, that can cause actual results to differ from those expressed or implied by the forward-looking statements. For a discussion of risk factors and other important factors affecting forward-looking statements, please see AVANGRID’s Form 10-K and Form 10-Q filings and the information filed on Avangrid’s Forms 8-K with the Securities and Exchange Commission (the “SEC”) as well as its subsequent SEC filings, and the risks and uncertainties related to the proposed merger with PNM Resources, including, but not limited to: the expected timing and likelihood of completion of the pending merger, including the timing, receipt and terms and conditions of any required governmental and regulatory approvals of the pending merger that could reduce anticipated benefits or cause the parties to abandon the transaction, the failure by AVANGRID to obtain the necessary financing arrangement set forth in commitment letter received in connection with the Merger, the occurrence of any event, change or other circumstances that could give rise to the termination of the merger agreement, the risk that the parties may not be able to satisfy the conditions to the proposed Merger in a timely manner or at all, risks related to disruption of management time from ongoing business operations due to the proposed Merger, and the risk that the proposed transaction and its announcement could have an adverse effect on the ability of PNM Resources to retain and hire key personnel and maintain relationships with its customers and suppliers, and on its operating results and businesses generally. Other unpredictable or unknown factors not discussed in this communication could also have material adverse effects on forward looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date hereof.
Media:
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Athena Hernandez, 203-231-2146 or
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SEATTLE--(BUSINESS WIRE)--#HydroTurbine--A water turbine is a rotating machine that converts mechanical energy of water to electrical work through the process of turbine rotation. The device rotates and the rotating motion is obtained by the use of a pump. These turbines are very useful in desalinating water and also in heating water as they do not use the steam turbines. Water turbines are very efficient when it comes to producing electricity but the amount of electricity produced is directly related to the efficiency of the turbine.
The global Hydro Turbine Generator Unit market is estimated to account for 9,510.0 Mn in terms of value by the end of 2027
Market Drivers
Market Opportunity:
Market Trends:
Buy-Now this Research Report @ https://www.coherentmarketinsights.com/insight/buy-now/4432
Competitive Landscape:
Major companies involved in the global hydro turbine generator unit market are Andritz AG, WWS Wasserkraft GmbH, General Electric, Dongfeng Electric Machinery Co., Toshiba Energy Systems & Solutions Corporation, Hitachi Mitsubishi Hydro Corporation, Bharat Heavy Electricals Limited (BHEL), Harbin Electric International Company Limited, and Gilbert Gilkes & Gordon Ltd.
For instance, in December 2020, GE Renewable Energy entered into an agreement with BE Power to boost a 400 MW pumped hydro storage project in Australia.
Market Segmentation:
About Us:
Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having sales office at global financial capital in the U.S. and sales consultants in United Kingdom and Japan. Our client base includes players from across various business verticals in over 57 countries worldwide.
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TORONTO--(BUSINESS WIRE)--Chemtrade Logistics Income Fund (TSX: CHE.UN) announced today that it has extended the deadline for unitholders to submit proxies and voting instructions, including electronic voting for Chemtrade’s virtual-only annual and special meeting to 1:00 p.m. (Eastern Standard Time) on Monday, May 10, 2021.
This extension will allow holders of Chemtrade’s units additional time to submit proxies and voting instructions by following the instructions for voting set out in the Voting Information section of its Management Information Circular dated March 22, 2021 (a copy of which can be found on Chemtrade’s profile on SEDAR at www.sedar.com, as well as on its website at Management Information Circular). Chemtrade’s virtual-only annual and special meeting will take place on Tuesday, May 11, 2021 at 10:00 a.m.
Rohit Bhardwaj
Chief financial Officer
Tel: (416) 496-4177
Ryan Paull
Business Development Manager
Tel: (973) 515-1831
DUBLIN--(BUSINESS WIRE)--The "Cenospheres Market Report: Trends, Forecast and Competitive Analysis" report has been added to ResearchAndMarkets.com's offering.
The cenospheres market is expected to grow with a CAGR of 12% to 2024.
The study includes the cenospheres market size and forecast for the cenospheres market through 2024, segmented by color type, end use, and region.
The future of the cenospheres market looks promising with opportunities in the building & construction, oil & gas, automotive, paints & coatings, and refractory industries. The major growth driver for this market is increasing demand for cenospheres due to reduced shrinkage, improved level of thermal insulation, weight reduction, and fire resistant properties in the end use industries.
Some of the cenospheres companies profiled in this report include Petra India Group, Cenosphere India Pvt. Ltd., Durgesh Merchandise Pvt. Ltd., Omya AG, Qingdao Eastchem Inc., Envirospheres, Scotash Limited, PR Ecoenergy Pvt. Ltd., Ceno Technologies, Reslab Microfiller, 3M Company, Dennert Poraver GmbH, and Momentive (U.S.)., and others
Some of the features of Cenospheres Market 2019-2024: Trends, Forecast, and Opportunity Analysis' include:
This report answers the following 11 key questions:
Key Topics Covered:
1. Executive Summary
2. Industry Background and Classifications
2.1: Introduction, Background, and Classification
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2013 to 2024
3.1: Macroeconomic Trends and Forecast
3.2: Global cenospheres Market: Trends and Forecast
3.3: Global cenospheres Market by Color Type
3.3.1: Grey Cenosphere
3.3.2: White Cenosphere
3.4: Global cenospheres Market by End Use Industry:
3.4.1: Oil & gas
3.4.2: Refractory
3.4.3: Building & construction
3.4.4: Automotive
3.4.5: Paints & coatings
3.4.6: Others
4. Market Trends and Forecast Analysis by Region
4.1: Global cenospheres Market by Region
4.2: North American cenospheres Market
4.2.1: Market by Color Type: Grey Cenosphere and White Cenosphere
4.2.2: Market by End Use Industry: Building & Construction, Oil & Gas, Automotive, Paints & Coatings, and Refractory
4.2.3: Market by Country: US, Canada, and Mexico
4.3: European cenospheres Market
4.4: APAC cenospheres Market
4.5: ROW cenospheres Market
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Market Share Analysis
5.3: Operational Integration
5.4: Geographical Reach
5.5: Porter's Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for Global cenospheres Market by Color Type
6.1.2: Growth Opportunities for Global cenospheres Market by End Use Industry
6.1.3: Growth Opportunities for Global cenospheres Market by Region
6.2: Emerging Trends in Global cenospheres Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of Global cenospheres Market
6.3.3: Mergers, Acquisitions and Joint Ventures in the Global Market
7. Company Profiles of Leading Players
7.1: Petra India Group
7.2: Cenosphere India Pvt. Ltd.
7.3: Durgesh Merchandise Pvt. Ltd.
7.4: Omya AG
7.5: Qingdao Eastchem Inc.
7.6: Envirospheres
7.7: Scotash Limited
7.8: PR Ecoenergy Pvt. Ltd.
7.9: Ceno Technologies
7.10: Reslab Microfiller
For more information about this report visit https://www.researchandmarkets.com/r/iheqfz
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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DALLAS--(BUSINESS WIRE)--Pioneer Natural Resources Company (NYSE:PXD) today announced that President and Chief Operating Officer Rich Dealy, will participate in a Fireside Discussion at the Citi Global Energy & Utilities Virtual Conference on Tuesday, May 11, 2021 at 9:30 a.m. ET.
Pioneer is a large independent oil and gas exploration and production company, headquartered in Dallas, Texas, with operations in the United States. For more information, visit Pioneer’s website at www.pxd.com.
Pioneer Natural Resources Contacts:
Investors-
Neal Shah – 972-969-3900
Tom Fitter – 972-969-1821
Michael McNamara – 972-969-3592
Greg Wright – 972-969-1770
Media and Public Affairs-
Tadd Owens – 972-969-5760
80-megawatt solar project to provide local, affordable, and reliable wholesale electricity to Delta-Montrose Electric Association and communities in Western Colorado
DENVER & MONTROSE, Colo.--(BUSINESS WIRE)--#DMEA--Today, Guzman Energy announced the development of an 80MW solar energy project approximately 3.5 miles southeast of Delta, Colo. This will produce over 194,000 MWh of electricity a year, enough to supply energy to 18,000 homes.
Delta-Montrose Electric Association (DMEA) will directly purchase a portion of the energy produced by the plant and Guzman Energy will offtake the rest. This is the first local renewable energy project developed in partnership with Guzman Energy since DMEA exited its power supply agreement with Tri-State Generation and Transmission Association in July 2020.
"When we started serving DMEA, we made a commitment to building local solar. The Garnet Mesa solar project, which will serve DMEA and other Guzman loads, demonstrates our promise to our customers,” said Guzman Energy CEO Chris Riley. “We will continue to tailor power solutions for our customers, leveraging both owned and contracted energy sources, to provide the communities we serve with affordable and reliable power.”
Community Impact and Investment
The project is in the study phase for interconnection and the Delta County permitting process has been initiated. The construction period is expected to last 11 months, with a commercial operation date expected in early 2023. Additional community benefits include:
“We are very excited about this project. When we transitioned to Guzman Energy as our power supplier, we had three primary goals: rate stabilization, increased local renewable generation and local control. The Garnet Mesa Solar project helps us achieve all three,” said Virginia Harman, DMEA’s acting CEO.
About Guzman Energy
Guzman Energy is a wholesale power provider dedicated to communities in search of affordable and reliable energy. We partner with cooperatives, municipalities, companies and tribes across North America to customize energy portfolios that make economic and environmental sense for today and tomorrow. Together, we are lighting the way forward.
About Delta-Montrose Electric Association
Delta-Montrose Electric Association is a member-owned and locally controlled rural electric cooperative, incorporated in 1938. Located in Southwest Colorado, DMEA energizes and serves 28,000 members in Montrose, Delta and Gunnison counties. DMEA is a progressive and forward-thinking electrical distribution cooperative. To learn more, visit www.dmea.com.
Megan Schaefer
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303.527.4622
NEW YORK--(BUSINESS WIRE)--BLADE Urban Air Mobility, Inc., a technology-powered air mobility company, today announced the completion of its business combination with Experience Investment Corp. (NASDAQ: EXPC, “EIC”), a NASDAQ listed special purpose acquisition company sponsored by KSL Capital Partners. The combined holding company will change its legal name to Blade Air Mobility, Inc. (the “Blade HoldCo”) and Blade Urban Air Mobility, Inc. (“Blade” or the “Company”) will be its wholly owned, operating subsidiary. The Blade HoldCo’s common stock and warrants are expected to commence trading on May 10, 2021 on the NASDAQ under the new ticker symbols “BLDE” and “BLDEW,” respectively.
As a result of the business combination and concurrent private placement of common stock, Blade HoldCo received approximately $365 million in gross proceeds.
Kenneth B. Lerer, Chairman of Blade said, “Our transaction with EIC is transformative. The capital will enable Blade’s strong brand and consumer proposition in urban air mobility to rapidly scale across new markets while allowing the Company to accelerate M&A activities and ensure that it is well positioned as Electric Vertical Aircraft become available.”
Rob Wiesenthal, Founder and Chief Executive Officer of Blade, added, “Our recent agreements with Electric Vertical Aircraft manufacturers Beta Technologies and Wisk Aero will accelerate our transition to quiet, emission-free, and cost efficient urban air mobility. Additionally, we are well positioned to capitalize on pent-up travel demand with the relaunch of our New York Airport service and related partnership with KAYAK.”
Eric Affeldt, Chief Executive Officer and Chairman of Experience Investment Corp., added, “We are pleased to see the completion of this merger. Blade stands at the intersection of urban air mobility and the ongoing transition to an emission-free transportation world. We believe the unique position of Blade as an operating urban air mobility business will enable it to deliver significant value to internal and external stakeholders.”
In addition to Rob Wiesenthal, Blade’s existing management team will continue to lead the combined company including President Melissa Tomkiel, Chief Financial Officer Will Heyburn, and Chief Technology Officer Brandon Keene.
Advisors
Credit Suisse served as the exclusive financial and capital markets advisor to Blade. Deutsche Bank Securities served as lead capital markets and exclusive financial advisor to Experience Investment Corp., with Citigroup and J.P. Morgan acting as joint capital markets advisors. Credit Suisse and Deutsche Bank Securities also acted as lead placement agents on the private offering, with Citigroup and J.P. Morgan acting as joint placement agents. Proskauer Rose LLP served as legal advisor to Blade, and Simpson Thacher & Bartlett LLP served as legal advisor to Experience Investment Corp.
About Blade
Blade is a technology-powered urban air mobility platform committed to reducing travel friction by providing cost-effective air transportation alternatives to some of the most congested ground routes in the U.S. and abroad. Today, the Company predominantly uses helicopters and amphibious aircraft. Its asset-light model, coupled with its exclusive passenger terminal infrastructure, is designed to facilitate a seamless transition to Electric Vertical Aircraft ("EVA" or “eVTOL”), enabling lower cost air mobility to the public that is both quiet and emission-free.
For more information, visit blade.com/investors.
About Experience Investment Corp.
Experience Investment Corp. is a special purpose acquisition company sponsored by an affiliate of KSL Capital Partners and formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.
For more information, please visit experienceinvestmentcorp.com
About KSL Capital Partners
KSL Capital Partners, LLC is a private equity firm specializing in premier travel and leisure enterprises in five primary sectors: hospitality, recreation, clubs, real estate, and travel services. Since 2005, KSL has raised approximately $13 billion of capital across both debt and equity funds.
For more information, please visit kslcapital.com
Forward Looking Statements
This press release contains certain forward-looking statements within the meaning of federal securities laws, including with respect to the business combination of Blade and EIC. 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. Such factors can be found in EIC’s most recent annual report on Form 10-K, subsequently filed quarterly reports on Form 10-Q and current reports on Form 8-K, which are available, free of charge, at the SEC’s website at www.sec.gov, and also in EIC’s Form S-4 and definitive proxy statement/prospectus, filed with the SEC. New risks and uncertainties arise from time to time, and it is impossible for us to predict these events or how they may affect us or the business combination between Blade and EIC. You are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made, and we undertake no obligation to update or revise the forward-looking statements, whether as a result of new information, changes in expectations, future events or otherwise.
For BLADE
Phil Denning / Nora Flaherty
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For Experience Investment Corp.
Maureen Richardson
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For KSL Capital Partners
Maureen Richardson
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For Investors
Tom Cook
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