BOSTON--(BUSINESS WIRE)--#LifeIsOn--Schneider Electric, the global leader in the digital transformation of energy management and automation, and Citizens Energy Corporation, a Boston-based non-profit energy company, announced the start of construction of their first joint resiliency project to deploy an advanced microgrid to serve four critical facilities on the campus of The Daughters of Mary of the Immaculate Conception in New Britain, Connecticut.
The microgrid will help ensure more reliable and efficient power and improve resiliency for Daughters of Mary facilities following major storms and other natural disasters, enabling uninterrupted electric services to critical infrastructure during emergencies. Often called "island mode operation," this functionality allows the necessary facilities to intentionally, or automatically, separate from the electric grid and continue to operate at, or near, normal capacity for extended periods during power outages.
Fostering financial and environmental sustainability
The advanced microgrid includes technologies to enable predictive management and optimization of energy usage during grid connected and island modes, fostering financial and environmental sustainability driven by:
Innovative partnerships for community success
“Schneider Electric is looking forward to working with Citizens Energy on the deployment of the microgrid not only to address the needs of the Daughters of Mary facilities, but in the many future projects that follow,” said Mark Feasel, Schneider Electric’s North American President for Smart Grid. “We appreciate Citizens Energy’s vision, passion and the trust they have put in us as their microgrid technology partner.”
Through this innovative partnership, Citizens Energy Corporation will complete the advanced microgrid, including power system upgrades and advanced controls as well as provide significant utility cost savings.
Citizens Energy Corporation is funding and developing the microgrid using the Energy-as-a-Service (EaaS) business model allowing construction to be completed without any up-front costs to the Daughters of Mary. Separate power purchase agreements help pay for the microgrid through lower cost, clean energy generation. The Project was also awarded a State of Connecticut Department of Energy and Environmental Protection (CT DEEP) Microgrid Design & Installation Grant for Critical Facilities that will help offset the overall project costs.
“We are excited to work with Schneider Electric and applaud the vision of the Daughters of Mary to solve their resiliency and energy needs,” said Citizens Energy CEO Pete Smith. “This is our first microgrid project, but it fits remarkably well with our mission to provide much-needed energy assistance to low-income families and those in need.”
Rather than the customer purchasing the microgrid system outright, Citizens Energy is able to develop, finance, own, operate and maintain the system. Meanwhile, the customer, in this case the Daughters of Mary, purchases the electricity and pays for the system via an Energy Service Agreement with no upfront or operating costs.
Schneider Electric has played a comprehensive role in designing, engineering and implementing this solution, including: microgrid protection control and optimization, electrical equipment, distributed energy resource (DER) management, electrical design services, cybersecurity and network design. Two local Connecticut companies, Ecosolar Installations and Associated Real Estate Services, have played instrumental roles throughout the development cycle, assisting with the grant process as well as local stakeholder management. Both companies continue to support the project with Ecosolar serving as the primary construction lead, responsible for the site work, construction and electrical work associated with all aspects for the project including solar, storage, natural gas generator and controls.
The advanced microgrid will become fully operational by the end of 2021. For more information about Schneider Electric's microgrid solutions, please visit www.schneider-electric.us/microgrid. For more information about Citizens Energy Corporation’s renewable energy projects and programs, please visit www.citizensenergy.com/
About Schneider Electric
Schneider’s purpose is to empower all to make the most of our energy and resources, bridging progress and sustainability for all. We call this Life Is On.
Our mission is to be your digital partner for Sustainability and Efficiency.
We drive digital transformation by integrating world-leading process and energy technologies, end-point to cloud connecting products, controls, software and services, across the entire lifecycle, enabling integrated company management, for homes, buildings, data centers, infrastructure and industries.
We are the most local of global companies. We are advocates of open standards and partnership ecosystems that are passionate about our shared Meaningful Purpose, Inclusive and Empowered values.
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Fairbanks Morse announces brand realignment and forms Fairbanks Morse Defense to serve as an umbrella providing strategic direction and driving business directives for entire organization
BELOIT, Wis.--(BUSINESS WIRE)--Fairbanks Morse, a portfolio company of Arcline Investment Management and a leading provider of reliable power and propulsion solutions, today announced that it is now Fairbanks Morse Defense (FMD). Through this brand realignment, FMD serves as the umbrella for its independent business units and will provide overall strategic guidance and drive the entire organization's business directives. The move reflects the company's emphasis on service to its military and commercial maritime customers while also enhancing its ability to quickly respond to its current customer base with a broader range of aftermarket service solutions.
"Fairbanks Morse Defense is more than a name; it is our organizing principle. It serves as the primary channel through which we will seamlessly integrate our business directives and strategies throughout the company," said George Whittier, Fairbanks Morse Defense CEO. "At the same time, this transition puts us in a better position to provide world-class service to all our customers, including those who are not in the defense sector."
Underneath the umbrella of FMD are three divisions: Fairbanks Morse Engine (FME), Fairbanks Morse Service (FMS), and Ward Leonard.
Located in Beloit, Wisconsin, in a facility separate from FMD, FME manufactures, procures, assembles, and distributes all Fairbanks Morse engines.
FMS provides all aftermarket parts, services, and solutions for both military and non-governmental customers. BRECO International Inc, a specialty provider of ALCO parts and services recently acquired by Fairbanks Morse (FM), falls within the FMS division.
The third division of FMD, Ward Leonard (WL), was acquired by FM in January. Based in Thomaston, Connecticut, WL is a leading provider of motor and control solutions for military applications and has been a major supplier to the U.S. Navy for more than a century.
"The goal of Fairbanks Morse has always been to provide fast, reliable, cost-competitive solutions to our customers. Combined with our recent acquisitions, this new structure reinforces our commitment to serving our customers' mission-critical power needs and allows us to expand our offerings both in terms of geography and technology," said Whittier.
The corporate realignment will have minimal impact on employees or current customers. Primary job duties and customer contacts will remain unchanged.
About Fairbanks Morse Defense
Fairbanks Morse Defense (FMD) is a leading provider of mission-critical equipment to military and commercial marine customers. The company comprises three divisions: Fairbanks Morse Engine (FME), Fairbanks Morse Service (FMS), and Ward Leonard. For more than 125 years, FMD has been a principal supplier of reliable power systems, parts, and aftermarket service to the U.S. Navy, Military Sealift Command, U.S. Coast Guard, and the Canadian Coast Guard. Through FME, the company continues supporting the defense industry’s mission-critical operations with high-performance engines manufactured in the USA. OEM parts, expert services, and innovative solutions that improve performance and extend component lifecycles are provided to marine, nuclear, commercial, and export customers through FMS and Ward Leonard. FMD, a portfolio company of Arcline Investment Management, is based in Beloit, Wisconsin.
Learn more about FMD by visiting www.fairbanksmorsedefense.com.
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New eBook outlines eight phases to help operators navigate new technologies, infrastructure choices and supply chains as renewable power, hydrogen become their new fuels
OVERLAND PARK, Kan.--(BUSINESS WIRE)--Driven largely by ambitious climate agendas and aggressive net-zero targets, fleet operators across the U.S. are actively decarbonizing their operations. A new Black & Veatch eBook puts it all in focus, noting that advances in hydrogen and the electrification of transportation, particularly for medium- and heavy-duty vehicles, are amplifying the importance and promise of zero-emission vehicles (ZEV) in making transportation cleaner, sustainable and resilient.
The free eBook, Fleet Decarbonization: A Guide to Cost-Efficient Zero-Emission Vehicle Transition, outlines eight phases of ZEV infrastructure deployment that will help fleet operators plan optimal, cost-effective facilities and avoid unnecessary investments.
“Transportation and energy are becoming increasingly intertwined, opening new opportunities for operators to decarbonize their fleets, build energy resilience, and economize the cost of power,” said Dean Siegrist, associate vice president of Black & Veatch’s Transformative Technologies business. “The benefits of ZEV are clear, and market momentum is increasing. Now is the time for fleet operators to start mapping out how to accelerate clean, sustainable, and cost-efficient transportation and energy in our communities.”
To truly decarbonize transportation, the U.S. must invest in building out additional infrastructure, among other things by expanding electric vehicle (EV) charging networks and fuel cell electric vehicle (FCEV) hydrogen filling stations. Hydrogen supplies need to be increased, and adequate electric supplies must be built and developed in critical locations. With industry interest growing, utilities, power marketers and fueling companies are motivated to expand these networks, and 2021 could see a blitz of new programs as funding surges.
Fleet Decarbonization: A Guide to Cost-Efficient Zero-Emission Vehicle Transition offers a comprehensive guide to the eight development phases, ranging from defining cycles and operational considerations to the end game of construction and commissioning. The eBook is meant to help fleet operators deploy ZEV networks incrementally, scaled over time as energy and transportation technologies mature, as capabilities are needed and as budgets allow.
“EVs and FCEVs are both viable technologies, and the best decarbonization plan may be one that is flexible enough to include both technologies,” said Randal Kaufman, sales director for Black & Veatch’s Transformative Technologies business. “Good planning now will ensure optimal configuration of vehicles, EV charging and hydrogen filling infrastructure, and energy options to build that pathway towards a more decarbonized, resilient and economically powerful future.”
Market confidence in ZEVs will only continue to grow as technology advances EVs and FCEVs, motivating fleet operators to begin their transition to ZEVs. As long-term investments, EV-charging networks and FCEV hydrogen filling facilities are intended to endure even as the technology evolves. No matter the approach, the journey towards sustainable and cost-efficient transportation begins with adequate energy supply and well-designed infrastructure.
Editor’s Notes:
About Black & Veatch
Black & Veatch is an employee-owned global engineering, procurement, consulting and construction company with a more than 100-year track record of innovation in sustainable infrastructure. Since 1915, we have helped our clients improve the lives of people around the world by addressing the resilience and reliability of our most important infrastructure assets. Our revenues in 2020 exceeded US$3.0 billion. Follow us on www.bv.com and on social media.
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TULSA, Okla.--(BUSINESS WIRE)--Williams’ (NYSE: WMB) board of directors has approved a regular dividend of $0.41 per share, or $1.64 annualized, on the company’s common stock, payable on June 28, 2021, to holders of record at the close of business on June 11, 2021.
The dividend is consistent with the first-quarter 2021 dividend and is a 2.5% increase from Williams’ second-quarter 2020 quarterly dividend of $0.40 per share, paid in June 2020.
Some portion of this distribution may be considered a return of capital for tax purposes. Additional information regarding return of capital distributions is available at Williams’ investor relations website.
Williams has paid a common stock dividend every quarter since 1974.
About Williams
Williams (NYSE: WMB) is committed to being the leader in providing infrastructure that safely delivers natural gas products to reliably fuel the clean energy economy. Headquartered in Tulsa, Oklahoma, Williams is an industry-leading, investment grade C-Corp with operations across the natural gas value chain including gathering, processing, interstate transportation and storage of natural gas and natural gas liquids. With major positions in top U.S. supply basins, Williams connects the best supplies with the growing demand for clean energy. Williams owns and operates more than 30,000 miles of pipelines system wide – including Transco, the nation’s largest volume and fastest growing pipeline – and handles approximately 30 percent of the natural gas in the United States that is used every day for clean-power generation, heating and industrial use. www.williams.com
Portions of this document may constitute “forward-looking statements” as defined by federal law. Although the company believes any such statements are based on reasonable assumptions, there is no assurance that actual outcomes will not be materially different. Any such statements are made in reliance on the “safe harbor” protections provided under the Private Securities Reform Act of 1995. Additional information about issues that could lead to material changes in performance is contained in the company’s annual and quarterly reports filed with the Securities and Exchange Commission.
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Petroleum and convenience store technology provider to enhance direct-to-consumer channel for real-time promotions and loyalty programs
ATLANTA--(BUSINESS WIRE)--PDI (www.pdisoftware.com), a global provider of leading enterprise management software for the convenience retail and petroleum wholesale industries, has acquired GasBuddy, a mobile app used by drivers to find and share real-time fuel prices. With this acquisition, PDI extends its capabilities in direct-to-consumer delivery of promotional offers and communications, and engagement of consumers in convenience store and petroleum loyalty rewards programs.
GasBuddy has five million active mobile users, representing billions of fuel gallons and hundreds of millions of dollars of convenience retail spend. The GasBuddy app currently generates fuel pricing information on 150,000 stations across North America. While most of its peer-to-peer interactions are from users searching and posting local gas prices, the app also enables reviews of facilities and supports wayfinding.
PDI intends to enhance GasBuddy’s current offering, extending the ability of convenience retailers to attract new consumers to shop at their stores, receive offers funded by CPGs, and enroll in the retailer’s loyalty program. Additionally, PDI will enable retailers to extend personalized fuel pricing offers in real time to consumers who are on-site or driving nearby. Retailers will also have an opportunity to promote in-store products.
“By enriching the crowd-sourced gas pricing information and the related conversations that consumers are having,” stated Brandon Logsdon, president and general manager for Marketing Cloud Solutions at PDI, “we can help retailers drive greater sales and loyalty precisely when and where consumers are ready to buy. This will enhance the experience and utility of the app for its millions of users.”
GasBuddy CEO Sarah McCrary added, “GasBuddy has built an amazing and engaged community. With PDI resources behind them, our users will get even more benefits from the app moving forward. This is a big win for everyone.”
In addition to the promotional capabilities PDI intends to extend, the company will also enhance GasBuddy Business Pages, which enables listing services and reputation management. Business Pages will be integrated with existing PDI products and services to provide convenience retailers with more holistic visibility into consumer sentiment, while providing compelling insights about store visits, purchase behavior, and business performance.
Berenson & Company and Moelis & Company served as exclusive financial advisors to PDI and GasBuddy respectively in connection with the transaction.
About PDI
Professional Datasolutions, Inc. (PDI) software helps businesses and brands increase sales, operate more efficiently and securely, and improve critical decision-making. Since 1983, PDI has proudly served the convenience retail and petroleum wholesale industries. Over 1,500 companies, representing more than 200,000 locations worldwide, count on PDI’s solutions and expertise to deliver convenience and energy to the world. For more information about PDI, visit us at www.pdisoftware.com.
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DEARBORN, Mich.--(BUSINESS WIRE)--Ford today announces a new global battery center of excellence – called Ford Ion Park – to accelerate research and development of battery and battery cell technology – including future battery manufacturing.
“We’re already scaling production of all-electric vehicles around the world as more customers experience and crave the fun-to-drive benefits of electric vehicles with zero emissions,” said Hau Thai-Tang, Ford's chief product platform and operations officer. “Investing in more battery R&D ultimately will help us speed the process to deliver more, even better, lower cost EVs for customers over time.”
The company is building on nearly two decades of battery expertise by centralizing a cross-functional team of 150 experts in battery technology development, research, manufacturing, planning, purchasing, quality and finance to help Ford more quickly develop and manufacture battery cells and batteries.
The Ford Ion Park team also is exploring better integration and innovation opportunities across all aspects of the value chain – from mines to recycling – working with all teams within Ford, including experts at Ford’s new Battery Benchmarking and Test Laboratory, Ford Customer Service Division, plus key suppliers and partners.
“We are creating new tools and solutions we need for a carbon-free, affordable and better future,” Thai-Tang said. “We are modernizing Ford’s battery development and manufacturing capabilities so we can better control costs and production variables in-house and scale production around the world with speed and quality.”
The Ford Ion Park team already is underway. In addition, a $185 million collaborative learning lab in Southeast Michigan that is dedicated to developing, testing and building vehicle battery cells and cell arrays opens late next year.
This world-class 200,000 sq.-ft. learning lab will include pilot-scale equipment for electrode, cell and array design and manufacturing and will use state-of-the-art technology to pilot new manufacturing techniques that will allow Ford to quickly scale breakthrough battery cell designs with novel materials once the company vertically integrates battery cells and batteries.
Anand Sankaran will lead the Ford Ion Park team as its new director. A 30-year veteran of Ford, Sankaran brings to the new position decades of battery and electrification expertise – including his current role as the company’s director of Electrified Systems Engineering, as a 1999 Henry Ford Technology Award winner for his electrification work at the Ford Research Lab and a product development leader who applied his research and technical innovations on key production vehicles, including the award-winning original Escape Hybrid, 2021 Mustang Mach-E and 2022 F-150 Hybrid.
Sankaran also holds 32 U.S. patents in automotive power electronics and hybrid vehicle technologies and is a fellow of the Institute of Electrical and Electronics Engineers.
“Ford’s modern EV journey started with Escape Hybrid in 2004, the world’s first hybrid SUV, and it continues today – all driven by the inspiration to deliver no-compromise vehicles for a better world,” he said.
The Ford Ion Park team will ensure batteries are optimized for its diverse customers – from daily commuters to performance enthusiasts to commercial vehicle fleet operators.
The team will apply customer insights to optimize battery technologies that deliver the performance and capability truck, utility, commercial vehicle and fleet owners value most. That means creating distinct batteries and technologies to deliver meaningful towing and off-road capability for truck customers as well as stop-and-go driving efficiency for fleet operators in cities worldwide.
New lab to support Ford Ion Park development work
Ford’s new Battery Benchmarking and Test Laboratory in Allen Park, Mich., will help quickly test and identify the right battery cells and chemistries to power Ford’s growing EV lineup to best meet different customers’ needs.
“While some automakers have placed their bets, we are going to use this lab with the help of partners and suppliers to fine-tune our batteries to our vehicles and customer needs – exploring next-generation lithium ion solutions, including solid-state batteries,” Sankaran said.
Ford’s Battery Benchmarking and Test Laboratory, which opened late last year, has 150 test chambers and 325 channels for development work. Experts at the $100 million, 185,000 sq.-ft. lab already have analyzed more than 150 types of battery cells.
The state-of-the-art lab houses battery cell and pack test rooms, test benches and benchmarking facilities to support battery cell design validation, controls calibration, pack development and pilot battery pack projects with different chemistries. The lab team can replicate the performance of full-scale production batteries under extreme weather and customer use cases, speeding implementation in future vehicles.
Gaining momentum
Ford this year announced its commitment to invest at least $22 billion through 2025 to deliver connected, electrified vehicles, building on its areas of strength, starting with EV versions of its most popular nameplates.
In North America, the Ford Mustang Mach-E already has found early sales success. Plus, the all-electric Ford Transit is set to go on sale late this year and the all-electric F-150 arrives by mid-2022.
In Europe, Ford is moving to an all-electric lineup by 2030, with its commercial vehicle range 100 percent zero-emissions capable – all-electric or plug-in hybrid – by 2024. Ford also is investing $1 billion in a new electric vehicle manufacturing center in Cologne to build a high-volume all-electric passenger vehicle for European customers starting in 2023.
In China, Ford is preparing to produce the Mustang Mach-E for local customers later this year, and recently announced it is establishing a BEV division with a direct sales model and network that will reach 20 major cities across China this year. In addition, Ford has partnered with China’s State Grid and NIO to offer EV customers access to more than 300,000 public charging stations, of which 160,000 are fast-charging, in more than 340 cities across the country.
Proven electrification expertise
Ford has been actively involved in battery research and electric vehicles, starting with Henry Ford and Thomas Edison. To date, the company has secured more than 2,500 U.S. patents in electrification technologies, with another 4,300 patents pending.
Since 2004, Ford has sold more than 1 million hybrids, plug-in hybrids and all-electric vehicles and integrated four generations of batteries into its vehicles. By year-end, the company will be manufacturing electrified vehicles and supporting technologies at more than 15 powertrain and vehicle assembly plants globally.
Ford has assembled hybrid battery packs and electric motors in Michigan since 2012, after making the state its center of excellence for vehicle electrification in 2010.
That same year, Ford invested $135 million to design, engineer and produce these components for hybrids. It included a combined 170 jobs at the Rawsonville plant to assemble batteries and VanDyke Transmission plant to assemble e-motors, plus hiring more than 50 electric vehicle engineers.
About Ford Motor Company
Ford Motor Company (NYSE: F) is a global company based in Dearborn, Michigan. The company designs, manufactures, markets and services a full line of Ford trucks, utility vehicles, and cars – increasingly including electrified versions – and Lincoln luxury vehicles; provides financial services through Ford Motor Credit Company; and is pursuing leadership positions in electrification; mobility solutions, including self-driving services; and connected vehicle services. Ford employs approximately 186,000 people worldwide. For more information regarding Ford, its products and Ford Motor Credit Company, please visit corporate.ford.com.
For news releases, related materials and high-resolution photos and video, visit www.media.ford.com.
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Deployment of Natural Gas Supervised Autonomous Trucks Expected in 2022
CUPERTINO, Calif.--(BUSINESS WIRE)--Plus (formerly Plus.ai), a leading company in self-driving truck technology, announced today a new initiative with global engine manufacturer Cummins to develop the industry’s first driver-in, supervised autonomous trucks powered by natural gas. The compressed natural gas engines provided by Cummins have been certified to near zero emissions, reducing smog-forming emissions by 90 percent compared to current EPA standards for nitrogen oxide air pollutants. Furthermore, trucks powered by Cummins and integrated with the Plus autonomous driving system are more fuel efficient due to Plus’s AI-enabled fuel optimization algorithms and Cummins powertrain features. This revolutionary combination will bring to market natural gas supervised autonomous trucks in 2022 and provide fleets an evolutionary path to quickly meet their emissions-reduction and corporate sustainability goals.
The Plus and Cummins teams will begin work on the new initiative immediately. This project is an extension of an ongoing collaboration to develop fuel-efficient autonomous trucks. Cummins will contribute its world-class engineering expertise and a suite of advanced features to seamlessly integrate its natural gas powertrain with Plus’s supervised autonomous driving system, PlusDrive.
“Sustainable transportation is good for business and for humankind. This is an extraordinary collaboration that brings together two excellent engineering teams to create an innovative, production- ready solution that will have tremendous business and environmental impact. Working with Cummins on this truly meaningful product is a natural extension of our long-standing partnership,” said Shawn Kerrigan, COO and Co-founder, Plus.
“Integrating Cummins’ state-of-the-art natural gas-powered engines into Plus’s industry-leading supervised autonomous trucks enables a new kind of transportation solution and offers customers even greater choices to meet their emissions goals. Cummins engines can power nearly every type of vehicle and application globally, so the integration of our Natural Gas powertrains for autonomous driving applications is a logical next step to provide customers with solutions that align with their specific business requirements,” said J. Michael Taylor, General Manager, Global Powertrain Integration, Cummins, Inc.
Plus will begin mass production of its PlusDrive system this summer, with plans to deploy the supervised autonomous trucking system globally across the U.S., China, Europe and other parts of Asia. The PlusDrive solution is being piloted by some of the largest truck fleets in the world, and have demonstrated the key benefits of improved safety, reduced fuel costs, enhanced driver comfort, and reduced carbon emissions.
About Plus
Plus is a world leader in self-driving truck technology. Headquartered in Silicon Valley, the company was founded in 2016 by a group of serial entrepreneurs and industry veterans, each with over 20 years of experience in automotive technology and artificial intelligence. Plus specializes in providing full-stack self-driving technology to enable large scale autonomous commercial transport. Plus is currently working with some of the leading truck manufacturers, largest shippers, and top fleet operators to begin mass production of its automated driving system. For more information, please visit www.plus.ai or follow our LinkedIn channel.
About Cummins Inc.
Cummins Inc., a global power leader, is a corporation of complementary business segments that design, manufacture, distribute and service a broad portfolio of power solutions. The company’s products range from diesel, natural gas, electric and hybrid powertrains and powertrain-related components including filtration, aftertreatment, turbochargers, fuel systems, controls systems, air handling systems, automated transmissions, electric power generation systems, batteries, electrified power systems, hydrogen generation and fuel cell products. Headquartered in Columbus, Indiana (U.S.), since its founding in 1919, Cummins employs approximately 57,800 people committed to powering a more prosperous world through three global corporate responsibility priorities critical to healthy communities: education, environment and equality of opportunity. Cummins serves its customers online, through a network of company-owned and independent distributor locations, and through thousands of dealer locations worldwide and earned about $1.8 billion on sales of $19.8 billion in 2020. Learn more at www.cummins.com.
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BETHESDA, Md.--(BUSINESS WIRE)--#AlternativeEnergy--Enviva, a leading global renewable energy company specializing in sustainable wood bioenergy, today published its 2021 Implementation Plans, a detailed proposal of goals and initiatives designed to continue to deliver on the company’s commitment to responsible and sustainable wood sourcing. Enviva operates pursuant to its global Responsible Sourcing Policy (RSP) – its standing environmental pledge that ensures the company’s wood is sourced according to its strict environmental standards.
Consistent with previous years, the 2021 Implementation Plans define Enviva’s set of measurable goals for this year in three sections: sustainable forestry standards, verification and transparency, and conservation leadership across the U.S. Southeast, where the company owns and operates wood pellet production plants. Enviva exports its sustainably sourced bioenergy to power and heat generators in the United Kingdom, Europe, and Japan, enabling them to replace coal with renewable fuel and to reduce their lifecycle carbon footprint by more than 85 percent.
“Despite the challenges of the COVID-19 pandemic in 2020, we generated positive outcomes last year in our sustainability efforts to help improve forest ecosystems. As pandemic-related restrictions now begin to ease, we are so excited about the opportunity to get back to full capacity and to continue to work hand-in-hand with our partners on the ground to deliver on our ambitious sustainability promises,” said Dr. Jennifer Jenkins, Vice President and Chief Sustainability Officer at Enviva.
About the 2021 Implementation Plans
In 2020, Enviva partnered with GoChain to conduct a pilot program designed to enhance the traceability of its pellets using blockchain technology. Given the pilot’s success, this year Enviva will continue to work with GoChain and other partners to develop a technology solution that integrates with Enviva’s existing systems and processes.
In 2020, Enviva also made tangible commitments to forest protection and restoration of sensitive ecosystems via partnerships with conservation organizations such as The Longleaf Alliance and the Forests Stewards Guild.
As part of its work with The Forest Stewards Guild to promote wildlife-oriented forestry in bottomland hardwood forests, Enviva plans to assist landowners in coastal North and South Carolina to undertake bottomland hardwood restoration in their forests, with the goal of certifying their forestland and writing sustainable forest management plans for them in the process. The Forest Stewards Guild – a national organization focused on forestry education, training, policy analysis, research and advocacy – has been working with Enviva on helping to ensure sustainable bottomland sourcing since 2016, and has been instrumental in providing constructive input on how the company can continue to improve its sourcing from these sensitive forests.
Enviva will continue to strengthen its existing partnership with The Longleaf Alliance to actively seek longleaf restoration through its wood sourcing on private and public lands across the U.S. Southeast. In 2021, one of the goals of the partnership is to restore 3,500 acres of longleaf pine through restoration-oriented sourcing. Longleaf forests are one of the most important and biologically diverse ecosystems in the U.S. Southeast, and because many such forests need thinning, appropriate biomass removals are a critical step in the longleaf restoration process and for wildlife habitat improvement.
When Enviva launched its enhanced RSP over two years ago, it committed to expand high conservation value (HCV) protections through the HCV Resource Network approach – a unique three-step methodology that helps protect HCVs, often referenced as a tool for achieving several UN Sustainable Development Goals. To its knowledge, Enviva is the only wood product consumer company in the U.S. Southeast that implements the approach for all of its primary feedstock.
Last year, Enviva laid the groundwork to support the HCV process expansion and is now ready to implement it. The expanded HCV program includes inspecting tracts for imperiled species and ecological communities. If the occurrence of an imperiled species or ecological community is found, Enviva will work with the landowner and supplier to implement management and harvest practices that are consistent with the conservation of the element occurrence. Per its HCV policy, the company will only source from such tracts if an agreement is reached to help conserve the element occurrence.
To view Enviva’s 2021 RSP Implementation Plans click here. For more details on Enviva’s Responsible Sourcing Policy click here.
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.
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WOODSIDE, Calif.--(BUSINESS WIRE)--Rodgers Silicon Valley Acquisition Corporation (the “Company”) announced today that, as the result of the U.S. Securities and Exchange Commission’s (“SEC’s”) recent Staff Statement, released on April 12, 2021 relating to the accounting treatment of certain warrants issued by special purpose acquisition companies (“SPACs”), the Company has completed an analysis of the effect of the SEC’s guidance on the accounting treatment of its warrants.
The Company’s conclusion based upon the SEC’s recent guidance has resulted in a corrective disclosure, approved by its auditor, Marcum LLP (“Marcum”). This disclosure is described on Form-8K (“the Filing”) filed today, and will result in a restatement of the Company’s Form-10K for the fiscal year ended 2020. Both the Company’s original Form-10K and restated Form-10KA were timely filed according to Nasdaq rules, and both received the approval of Marcum with respect to the then-current SEC guidance.
For a full description of the Company’s Warrants, please refer to the Company’s final prospectus filed in connection with its initial public offering (“IPO”) on December 1, 2020 (“Final Prospectus”).
The closing of the Company’s Initial Business Combination with Enovix Corporation remains planned for the second quarter of 2021. Upon closing, the company will be named Enovix Corporation and is expected to remain listed on the Nasdaq Stock Market under the new ticker symbol, “ENVX.”
This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Forward Looking Statements
This press release includes forward-looking statements that involve risks and uncertainties, including statements related to the Initial Business Combination. Forward looking statements are not historical facts and are based on the Company’s current expectations. Such forward- looking statements are subject to risks and uncertainties, including those risks described in more detail in the Company’s most recent Annual Report on Form 10-K and other documents on file with the SEC and available at the SEC’s website at www.sec.gov, which could cause actual results to differ materially from those anticipated in such forward looking statements. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based, except as required by law.
About Rodgers Silicon Valley Acquisition Corp.
Rodgers Silicon Valley Acquisition Corp. is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. RSVAC's mission is to provide fundamental public technology investors with early access to an excellent Silicon Valley technology company with a focus on green energy, electrification, storage, Smart Industry (IoT), Artificial Intelligence and the new automated-manufacturing wave. On February 22, 2021, RSVAC announced its Initial Business Combination with Enovix Corporation. For more information, go to www.rodgerscap.com.
The Blueshirt Group
Gary Dvorchak, CFA
Phone: (323) 240-5796
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
CHICAGO--(BUSINESS WIRE)--The Board of Directors of Exelon Corporation declared a regular quarterly dividend of $0.3825 per share on Exelon’s common stock. The dividend is payable on Thursday, June 10, 2021, to shareholders of record of Exelon as of 5 p.m. Eastern time on Friday, May 14, 2021.
About Exelon Corporation
Exelon Corporation (Nasdaq: EXC) is a Fortune 100 energy company with the largest number of electricity and natural gas customers in the U.S. Exelon does business in 48 states, the District of Columbia and Canada and had 2019 revenue of $33 billion. Exelon serves approximately 10 million customers in Delaware, the District of Columbia, Illinois, Maryland, New Jersey and Pennsylvania through its Atlantic City Electric, BGE, ComEd, Delmarva Power, PECO and Pepco subsidiaries. Exelon is one of the largest competitive U.S. power generators, with 31,000 megawatts of nuclear, gas, wind, solar and hydroelectric generating capacity comprising one of the nation’s cleanest and lowest-cost power generation fleets. The company’s Constellation business unit provides energy products and services to approximately 2 million residential, public sector and business customers, including three fourths of the Fortune 100. Follow Exelon on Twitter @Exelon.
Exelon Investor Relations Hotline
312-394-2345
Paul Adams
Exelon Corporate Communications
410-470-4167
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Worley becomes Blockchain For Energy’s first official oil & gas industry supply member
HOUSTON--(BUSINESS WIRE)--#Blockchain--Global project and asset service provider, Worley joins Blockchain For Energy, the nation’s first energy industry blockchain consortium. The affiliation is effective immediately.
This new membership secures Worley as the first official oil & gas industry supplier within the consortium.
“It is my great pleasure to welcome Worley as the first official oil and gas industry supply member to join Blockchain For Energy,” said Raquel Clement, Chairperson of Blockchain for Energy and board member representing Chevron.
The partnership marks a milestone for the consortium, as the non-profit continues shaping the ecosystem in blockchain-related initiatives.
“We look forward to the great things we will achieve together and the transformation that will result from our collaboration. Our digital future is about uniting partners for common good,” said Rebecca Hofmann, President of Blockchain for Energy.
Membership marks alignment and acceleration toward progress
Blockchain For Energy and Worley are aligned in delivering a more forward-thinking and efficient sector by leveraging blockchain technology. Through collaboration and market innovation, Blockchain For Energy is reinventing the energy industry’s workflow process by building an enterprising community.
“We’re thrilled to be joining the Blockchain for Energy consortium to help transform the way transactions, documentation, and data are managed within the industry. Blockchain technology offers enormous potential for efficiency gains across the energy ecosystem and will enable better and more sustainable ways of working,” said Vishal Mehta, Senior Vice President (Digital) at Worley, and incoming board member of Blockchain For Energy.
Their goal is to develop and deploy innovative, value-added solutions, modernizing the way business is done. By doing this, Blockchain For Energy optimizes cost, increases efficiency, and promotes industry growth. Blockchain For Energy is a safe venue to create transformational change – for the energy industry – by the energy industry.
Current members are already benefitting
Current Blockchain For Energy members are already benefitting from being part of the consortium. Members include Chevron, ConocoPhillips, Hess, ExxonMobil, Pioneer Natural Resources, and Repsol.
About Worley
Worley is a leading global provider of professional project and asset services in the energy, chemicals and resources sectors. As a knowledge-based service provider, Worley use their knowledge and capabilities to support their customers to reduce their emissions and move towards a low-carbon future.
About Blockchain For Energy
Utilizing the benefits of blockchain technology, Blockchain for Energy provides its members with the best in industry solutions. They drive digital transformation by providing members a venue to accelerate the digitalization journey to resolve, reinvent, and transform the industry through collective synergies.
Martin Juniper
Blockchain For Energy
713.816.4173
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Peterman Brings Significant California Public Policy Experience, a Record of Exemplary Public Service, and Strong Clean Energy Credentials
PG&E Also Promotes Two Company Leaders to Vice President Positions
SAN FRANCISCO--(BUSINESS WIRE)--PG&E Corporation (NYSE: PCG; the “Corporation”) today announced the appointment of Carla J. Peterman as Executive Vice President, Corporate Affairs, effective June 1, 2021. It also announced the appointments of Margaret K. Becker as Vice President and Treasurer of both the Corporation and Pacific Gas and Electric Company (“Utility”), and Christopher M. Patterson as Vice President, State Legislative Affairs of the Utility, both effective May 1, 2021.
Carla J. Peterman, Executive Vice President, Corporate Affairs
In her role, Ms. Peterman will be responsible for developing and implementing strategies for all aspects of corporate affairs, including regulatory; federal, state and local government relations; public policy; and charitable giving. She will report to PG&E Corporation Chief Executive Officer Patti Poppe.
“It is my honor and privilege to welcome Carla to the PG&E team,” said Ms. Poppe. “Carla brings with her a remarkable record of service to the State of California, a keen understanding of the policy landscape in which PG&E operates, and a steadfast commitment to a cleaner, more resilient energy future. We all look forward to working closely with Carla to move PG&E forward and better serve our customers and hometowns.”
Ms. Peterman joins PG&E from Southern California Edison (SCE), where she served since October 2019 as Senior Vice President, Strategy and Regulatory Affairs. Prior to her position at SCE and earlier in 2019, she was appointed by Governor Gavin Newsom to chair the Commission on Catastrophic Wildfire Cost and Recovery, which developed recommendations that led to legislation designed to hold utilities accountable for reducing wildfire risk and encourage a financially stable electric industry.
Prior to these roles, Ms. Peterman served a six-year term on the California Public Utilities Commission (CPUC) from 2013 to 2018. At the CPUC, she served as the assigned Commissioner to a number of proceedings, including those relating to energy efficiency, alternative transportation, energy storage, the Renewable Portfolio Standard (RPS), Power Charge Indifference Adjustment reform, and general rate cases.
She also led several clean energy initiatives, including the adoption of the nation's first utility energy storage mandate, the approval of $965 million of utility investments in electric vehicle charging infrastructure, the adoption of utility energy efficiency goals and business plans, and the implementation of California's RPS.
Before joining the CPUC, Ms. Peterman served on the California Energy Commission, where she was the lead Commissioner for renewables, transportation, and natural gas. Earlier in her career, she conducted energy policy research at the University of California Energy Institute and the Lawrence Berkeley National Laboratory.
Ms. Peterman serves on the external advisory board for Sandia National Laboratories’ Energy and Homeland Security Portfolio, and as a member of the Federal Reserve of San Francisco Economic Advisory Council. She has also served on various other boards, including the National Association of Regulatory Utility Commissioners (NARUC), and NARUC's Energy Resources and Environment Committee (Vice-Chair). She holds a BA from Howard University, a PhD in energy and resources from the University of California, Berkeley, and MS and MBA degrees from Oxford University, where she was a Rhodes Scholar.
“I am familiar with the issues PG&E has faced in recent years and with the challenges that it needs to navigate in the years to come,” said Ms. Peterman. “I am deeply passionate about serving Californians. I look forward to bringing my positive experiences from SCE and the public sector and working with Patti and the whole team to shape California’s energy future to deliver results for our customers and future generations.”
Vice President Appointments
PG&E today also announced the promotion of two company leaders to the role of Vice President: Margaret (Mari) Becker and Christopher (Chris) Patterson.
“Mari has long been a strong leader and performer in our Finance organization, and Chris has proved himself to be a key company representative in Sacramento. I am excited to see them move forward and am confident that both will continue to serve PG&E and our customers well in their elevated roles,” Ms. Poppe said.
Margaret K. Becker, Vice President and Treasurer
As Vice President and Treasurer, Ms. Becker will be responsible for leading the companies’ financing, treasury operations, accounts payable, and investment management functions. She will report to Executive Vice President and Chief Financial Officer Chris Foster.
Ms. Becker is currently Senior Director and Treasurer of the Corporation and the Utility and has been responsible for Treasury activities through PG&E’s restructuring and emergence from Chapter 11 last year. At PG&E she has held positions of increasing responsibility in the Treasury and Finance organizations of the Utility or the Corporation, including as Assistant Treasurer of the Utility and the Corporation. Prior to joining PG&E in 2010, Ms. Becker received her MBA from the Harvard Business School and worked as an economic consultant at Cornerstone Research.
Christopher M. Patterson, Vice President, State Legislative Affairs
As Vice President, State Legislative Affairs, Mr. Patterson will continue to be responsible for representing the Utility’s legislative agenda and leading advocacy efforts with the legislative and executive branches in Sacramento. He will now report to Ms. Peterman in her new role.
Mr. Patterson is currently Senior Director, State Government Relations, for the Utility, and is responsible for the Utility’s legislative agenda and advocacy in the state’s capital as well as for policy and advocacy relating to key state regulatory agencies, including the State Lands Commission, Department of Water Resources, and the California Air Resources Board. Prior to joining PG&E in 2018, Mr. Patterson served for six years as the Political Director for the California Professional Firefighters. Earlier in his career, he held a number of advocacy and leadership roles in Sacramento in both the public and private sectors.
About PG&E Corporation
PG&E Corporation (NYSE: PCG) is a holding company headquartered in San Francisco. It is the parent company of Pacific Gas and Electric Company, an energy company that serves 16 million Californians across a 70,000-square-mile service area in Northern and Central California. For more information, visit http://www.pgecorp.com. In this press release, they are together referred to as “PG&E.”
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.
Media Hotline
415-973-5930
Saascharge clients will have access to over 300,000 charging stations in 52 countries
NEW YORK--(BUSINESS WIRE)--Hubject, the world’s largest eRoaming provider, and Saascharge, a global EV charging operating system provider, have announced an international partnership enabling intra-network roaming to their respective customers in Europe and the United States. Beginning this year, Saascharge charging station network clients will have access to Hubject’s 300,000 charging stations in 52 countries, helping EV drivers and EV network operators offer seamless charging access across the globe.
Richard Albrecht, CEO and CoFounder of Saascharge shared, “we believe that eRoaming is critical to enable the scale of EV charging infrastructure needed to serve the massive growth in EVs on the road. This partnership with Hubject will not only support our European customers but also position Saascharge for growth in the less developed EV charging markets like North America, where major players like retailers, utilities, vehicle OEMs, and real-estate owners are ready to invest in public charging services.”
Hubject and Saascharge are committed to an open and interconnected EV charging network model, which is critical to the growth of public EV charging. To meet the infrastructure needs of future EV drivers, cooperative eRoaming efforts like this partnership are critical. eRoaming has already helped more than 200 EV charging networks in Europe enable seamless EV transit across multiple countries and the same trend is expected to happen in the United States. Partnerships like this one will help new market players to enter the EV charging market and offer EV drivers seamless access to more charging options.
“We are proud to work with such an experienced partner like Saascharge to foster the global acceptance of eMobility and to, ultimately, help improve our energy consumption. Together, we will strive toward this common goal by facilitating easier and more convenient EV charging globally,” said Christian Hahn, CEO of Hubject
For more information on Saascharge, please visit www.saascharge.com. More details on Hubject’s eRoaming services can be found at www.hubject.com.
About Hubject
Hubject simplifies the charging of electric vehicles. Through its eRoaming platform, called intercharge, the eMobility specialist connects Charge Point Operators or CPOs and eMobility Service Providers or EMPs, thus providing standardized access to charging infrastructure regardless of any network. With over 300,000 connected charging points and more than 750 B2B partners across 52 countries and four continents, Hubject has established the world’s largest cross-provider charging network for electric vehicles (EVs) by connecting CPO networks. In addition, Hubject is a trusted consulting partner in the eMobility market, advising automotive manufacturers, charging providers, and other EV-related businesses looking to launch eMobility services or implement Plug&Charge using ISO 15118. In essence, Hubject promotes eMobility and its advancement worldwide. Founded in 2012, Hubject is a joint venture of the BMW Group, Bosch, Mercedes-Benz, EnBW, Enel X, E.ON, Siemens, and the Volkswagen Group. Hubject’s headquarters is located in Berlin, with subsidiaries in Los Angeles and Shanghai.
About Saascharge
Saascharge’s scalable, open platform enables e-mobility providers to profitably operate and control their own EV charging networks for the first time. By leveraging e-roaming, ensuring broad, intra-network charging, coupled with a novel, geo-advertising application, Saascharge not only enables the most profitable network economics but also the best driver engagement and charging experience available. Saascharge is based in the US and has operations in nine countries on three continents.
Hubject GmbH
Christian Hahn, CEO
T +49 30 587 088 91 13
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OTTAWA, Ontario--(BUSINESS WIRE)--Canada’s largest union, the Canadian Union of Public Employees (CUPE), is slamming the federal government’s decision to introduce back-to-work legislation to end labour action at the Port of Montreal by CUPE Local 375.
Members of Local 375, which represents 1,100 longshoremen at the port, voted 99 per cent in favour of strike action two weeks ago, after their employer, the Maritime Employers Association (MEA), announced that job security provisions in their collective agreement would no longer be honoured. More recently, the MEA imposed scheduling changes including an additional 100 minutes per shift. The union offered to withdraw their strike notice if the MEA agreed to end their pressure tactics – but the MEA refused.
On Sunday night, Labour Minister Filomena Tassi announced the government would introduce back-to-work legislation to end Local 375’s strike action before it had even fully begun.
“Once again the Trudeau Liberals are acting like Conservatives, siding with bosses against workers by meddling in the bargaining process,” said CUPE National President Mark Hancock. “There can never be free, fair collective bargaining in Canada under the threat of back-to-work legislation.”
CUPE is demanding the Liberals withhold their back-to-work legislation, which would infringe upon workers’ rights to free and fair bargaining. These types of bills have been repeatedly found to be unconstitutional by the courts.
“Employers have no incentive to bargain in good faith when they know the government will come to their rescue,” said CUPE National Secretary-Treasurer Charles Fleury. “This is disgraceful conduct from a government that pretends to be a friend to working people.”
Members of CUPE Local 375 have been without a contract since 2018.
Hugh Pouliot
Media relations, CUPE
613-818-0067
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AUSTIN, Texas--(BUSINESS WIRE)--#BigLever--BigLever Software, the long-standing leader in Product Line Engineering (PLE), announced today that, under its guidance, a new industry standard for Feature-based Product Line Engineering has been published by the ISO (International Organization for Standardization) and IEC (International Electrotechnical Commission) subcommittee for software and systems engineering. This new standard, available as ISO/IEC 26580, “Methods and tools for the feature-based approach to software and systems product line engineering,” defines Feature-based PLE according to proven and repeatable best commercial practices, tools and methods.
Throughout its history, BigLever has been a pioneer for the modern Feature-based approach to PLE. Feature-based PLE is now being widely adopted into commercial practice by organizations that engineer and deliver complex system families with variations in features and functions in automotive, aeronautics, medical devices, defense, computer systems and more. Feature-based PLE is a means to dramatically eliminate low-value engineering effort across a system family, so engineers can focus their time and effort on high-value innovative work that advances product and business objectives, which often leads to significant competitive advantage.
“We are thrilled to finally have Feature-based PLE in an internationally recognized standard from ISO and IEC,” said Dr. Charles Krueger, BigLever CEO. “This reinforces the approach as a valuable, critical and industry-proven solution. ISO/IEC 26580 provides clear industry-validated guidance that will lower the risk of adoption and enable more engineering organizations to confidently make Feature-based PLE a critical part of their success.”
Krueger was the lead editor and architect for this new standard. He is a key member of the INCOSE liaison group to ISO and the INCOSE Product Line Engineering International Working Group, which sponsored his participation in the standard development.
ISO has designated that this new standard contributes to the Sustainable Development Goals of ISO and the United Nations.
About BigLever Software
BigLever Software is the long-standing leader in Product Line Engineering. Its PLE solution delivers the leading-edge technology, proven methodology, business strategy and organizational change expertise needed to efficiently transition to and operate a game-changing PLE practice. The company’s state-of-the-art PLE tools and methods are widely used in complex engineering organizations across aeronautics, defense, automotive, and more. INCOSE and ISO now provide Feature-based PLE guidance and standards to help organizations with their transition and steady state operation in order to gain dramatic benefits and risk reduction. For more information, visit www.biglever.com.
Media:
Steve Saleeba or Diane Pardes
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781.345.4002
CARNEGIE, Pa.--(BUSINESS WIRE)--Ampco-Pittsburgh Corporation (NYSE: AP) will hold a conference call on Friday, May 7, 2021, at 10:30 a.m. Eastern Time (ET) to discuss its financial results for the first quarter ended March 31, 2021.
If you would like to participate in the conference call, please register using the link below or by dialing 1-844-308-3408 at least five minutes before the 10:30 a.m. ET start time.
We encourage participants to pre-register for the conference call using the following link. Callers who pre-register will be given a conference passcode and unique PIN to gain immediate access to the call and bypass the live operator. Participants may pre-register at any time, including up to and after the call start time. To pre-register, please go to: https://dpregister.com/sreg/10155009/e6e2c11973
Those without internet access or unable to pre-register may dial in by calling:
For those unable to listen to the live broadcast, a replay will become available one hour after the event concludes on our website under the Investors menu at www.ampcopgh.com.
About Ampco-Pittsburgh Corporation
Ampco-Pittsburgh Corporation manufactures and sells highly engineered, high-performance specialty metal products and customized equipment utilized by industry throughout the world. Through its operating subsidiary, Union Electric Steel Corporation, it is a leading producer of forged and cast rolls for the global steel and aluminum industry. It also manufactures open-die forged products that principally are sold to customers in the steel distribution market, oil and gas industry, and the aluminum and plastic extrusion industries. The Corporation is also a producer of air and liquid processing equipment, primarily custom-engineered finned tube heat exchange coils, large custom air handling systems, and centrifugal pumps. It operates manufacturing facilities in the United States, England, Sweden, Slovenia, and participates in three operating joint ventures located in China. It has sales offices in North and South America, Asia, Europe, and the Middle East. Corporate headquarters is located in Carnegie, Pennsylvania.
Melanie L. Sprowson
Director, Investor Relations
412-429-2454
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Advanced process modelling software includes new bioprocessing and product performance model libraries
LONDON--(BUSINESS WIRE)--#digitaldesign--Process Systems Enterprise (PSE), A Siemens Business, today announced the full release of gPROMS FormulatedProducts 2.0, the mechanistic model-based environment for integrated digital design of robust formulated products and their manufacturing processes, and related digital process operation.
The release at the 2021 Advanced Process Modelling Forum follows an early release to key customers, and reflects the substantial investment Siemens is making into PSE’s product development to provide the process industries with a new generation of digital tools.
Version 2.0 introduces major enhancements to both the gPROMS FormulatedProducts model libraries and the underlying gPROMS platform 7.0, such as surrogate modelling. Additions include new mechanistic model libraries for developing bioprocess digital twins of bioreactor, membrane filtration and chromatography processes, and a new mechanistic canine model for the design, virtual formulation prototyping and risk analysis of clinical and pre-clinical drug product formulations.
Version 2.0 also introduces key library enhancements in active ingredient manufacture, formulation manufacture and product performance. Workflows when specifying buffers and media compositions of in vitro vessel, solution and suspension dosage forms have been streamlined, and equilibrium limited reactions added to the chemical synthesis libraries. Additionally, this release includes many usability and robustness enhancements to provide an improved user experience, such as a new case file structure, streamlined data import workflows using a new experiment data manager, parallel multi-start optimization and parameter estimation, and new cross-disciplinary examples and templates that can directly be customised to users’ projects.
Sean Bermingham, VP Formulated Products at PSE, says: “We are working closely with our major users in pharma, F&B, FMCG, specialty chemicals and mining, with their requirements driving our extensive development programme. Our focus is now in extending usability and the ability to embed gPROMS FormulatedProducts in organisations’ workflows to open the application of sophisticated digital design approaches to a wider range of users, and the Siemens investments are allowing us to move forward rapidly.”
PSE continues to lead innovation in advanced process modelling capabilities for the pharmaceuticals, food & beverage, consumer goods and specialty chemicals sectors through the support of industrial & academic partners, funded development projects such as NextGen DDaMM, D-DAP, DIDCOM-FP, and the Systems-based Pharmaceutics Alliance.
For editors
‘About’: www.psenterprise.com/news
Kristen Hunter, +44-20-8563-0888, This email address is being protected from spambots. You need JavaScript enabled to view it.
LEMONT, Ill.--(BUSINESS WIRE)--For the past six years, researchers at the U.S. Department of Energy’s (DOE) Argonne National laboratory have collaborated with Cummins, an engine design and manufacturing company, and Convergent Science, Inc., a software developer, to create predictive engine simulations using the high-performance computing tools at the laboratory. Now, they’re extending their partnership for three more years, and adding new collaborators and capabilities to further speed the research.
Under a new Cooperative Research and Development Agreement (CRADA), the three organizations, along with DOE’s Sandia National Laboratories, will work together to build more accurate fuel spray models and integrate them into full engine simulations. This effort will build on the fuel spray and combustion modeling work the three organizations have done over the past six years, which Cummins has adopted in its own internal workflow.
Addressing the weak link between injector and fuel spray models
Traditional modeling approaches don’t accurately represent the formation of a fuel spray as it emerges from the nozzle of an injector. But what happens in this region determines how the fuel is distributed further downstream.
In their renewed partnership, Argonne and its collaborators will develop a way to more accurately represent the near-nozzle region by dynamically coupling models that detail internal flow and spray formation using machine learning, a form of artificial intelligence.
Their advanced approach builds on existing methods for modeling fuel sprays, but will require fewer assumptions about how fuel jets form and could therefore yield a more predictive engine modeling tool.
Such a tool would enable manufacturers like Cummins to better understand how fuel and hardware choices impact engine performance and emissions. For engine makers focused on decarbonizing transportation using alternative fuels, this tool can help them make informed decisions on fuel choice and its impacts on injector and engine performance.
X-ray and laser diagnostics will also be used to add more knowledge to injector and fuel spray models and to validate the team’s dynamic coupling approach. Once proven, Convergent Science, which developed a widely used platform for engine modeling, can implement the technology into their code, where Cummins and other engine manufacturers can leverage it.
“The enhanced modeling capability developed in this CRADA will give industry the tools it needs to design cleaner and more efficient engines,” says Kelly Senecal, co-founder of Convergent Science.
To learn more, read the full story here.
Christopher J. Kramer
Head of Media Relations
Argonne National Laboratory
Office: 630.252.5580
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HOUSTON--(BUSINESS WIRE)--Piñon Midstream, LLC (“Piñon”), today announced its greenfield Dark Horse Sour Gas Treating and Carbon Capture Facility (“Dark Horse Facility”) and associated pipeline infrastructure are under construction in Lea County, New Mexico.
Piñon was founded in December 2020 by Steven Green and Justin Bennett in partnership with Black Bay Energy Capital (“Black Bay”), to provide a long-term, economic and environmentally responsible solution to the pervasive sour gas problem that has constrained development in the northeastern Delaware Basin.
The project includes a centralized amine treating facility, an 18,000-foot-deep acid gas sequestration well (Independence AGI #1) and 30,000 horsepower of full NACE field compression and is expandable to treat up to 400 million cubic feet of sour gas per day. The Piñon assets are designed to gather and treat natural gas containing any concentration of H2S and CO2, with the ability to deliver treated sweet gas to multiple third-party gas processing plants.
“Our goal is to provide the most creative and cost-effective sour gas solution for the Delaware Basin,” said Piñon Midstream co-founder and President Steven Green. “Not only does our project provide a comprehensive solution for sequestering CO2 and H2S, it also substantially reduces flaring and greenhouse gas emissions in southeast New Mexico.”
The Dark Horse Facility and its associated pipelines are the first purpose-built sour gas infrastructure solution of its kind in the Delaware Basin. The Piñon facilities are underwritten by a substantial long-term dedication from anchor producer Ameredev II, LLC (“Ameredev”), an independent exploration and production company with operations focused in the northern Delaware Basin.
“The Piñon team is providing a mission-critical solution to sustain development of the northeastern portion of the Delaware Basin,” said Ameredev Chief Operating Officer Floyd Hammond. “Piñon’s facilities support some of the most prolific wells in the basin.”
Piñon expects the Dark Horse Facility will begin operations in July 2021 at full capacity, treating approximately 85 million cubic feet of sour gas per day. The company purchased a second amine treating plant that is scheduled to be installed and operational in the fourth quarter of 2021, increasing Piñon’s total sour gas treating capacity to approximately 170 million cubic feet per day.
“We are proud to say that our Independence AGI #1 sequestration well is New Mexico’s deepest and largest acid gas injection well,” said Piñon co-founder and Chief Commercial Officer Justin Bennett. “It has the ability to permanently sequester up to 175,000 tons of CO2 and 75,000 tons of H2S annually. That capacity will double next year when we drill Independence AGI #2. The Piñon H2S and carbon capture solution opens the way for our customers to make meaningful enhancements to their ESG programs, which is a fundamental component of our business.”
“Black Bay is thrilled to be partnered with the Piñon team,” said Black Bay Energy Capital Managing Partner Michael LeBourgeois. “Piñon is led by a team of professionals with deep technical and commercial experience that have safely developed and operated numerous gas treatment plants. We are very familiar with the growing sour gas issues in the Permian Basin and believe that Piñon is well-positioned to provide an economical and environmentally friendly solution to the region.”
About Piñon Midstream, LLC
Piñon Midstream, LLC was formed in 2020 by midstream veterans Steven Green and Justin Bennett to provide a viable solution to the sour gas problem in the northeastern Delaware Basin. Formed with financial backing from Black Bay Energy Capital and supported by underwriting commitments from Ameredev II, Piñon delivers a full menu of sour gas services that include field gathering and compression, sour condensate stabilization and marketing, amine treating for removal of H2S and CO2, H2S and CO2 geologic sequestration, and high-pressure delivery of treated sweet gas to multiple area third-party processing plants. For more information, please visit www.pinonmidstream.com.
About Black Bay Energy Capital
Black Bay Energy Capital (“Black Bay”) is an energy private equity firm focused on the North American energy sector. Black Bay invests equity capital in businesses managed by talented entrepreneurs that provide a differentiated product or service to their clients to help reduce costs, improve operations, and achieve ESG initiatives. The firm’s investment strategy and success stem from the more than 75 years its investment professionals have been working day-to-day with great teams and building high-growth companies. For more information, please visit www.blackbayenergy.com.
Media contact:
Bevo Beaven
TEN|10 Group, LLC
303.433.4397, x114 o
720.666.5064 m
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ABERDEEN, Scotland--(BUSINESS WIRE)--KNOT Offshore Partners LP (NYSE:KNOP) (“the Partnership”) plans to release its financial results for the First Quarter of 2021 before opening of the market on Thursday, May 13, 2021.
The Partnership also plans to host a conference call on Thursday, May 13, 2021 at 11:00 AM (Eastern Time) to discuss the results for the First Quarter of 2021. All unitholders and interested parties are invited to listen to the live conference call by choosing from the following options:
Our First Quarter 2021 Earnings Presentation will also be available at www.knotoffshorepartners.com prior to the conference call start time.
The conference call will be recorded and remain available until May 20, 2021. This recording can be accessed following the live call by dialing 1-877-344-7529 from the US, or 1-412-317-0088 if outside North America, and entering the replay access code 10155892.
About KNOT Offshore Partners LP
KNOT Offshore Partners LP owns, operates and acquires shuttle tankers under long-term charters in the offshore oil production regions of the North Sea and Brazil. KNOT Offshore Partners LP is structured as a publicly traded master limited partnership. KNOT Offshore Partners LP’s common units trade on the New York Stock Exchange under the symbol “KNOP.”
KNOT Offshore Partners LP
Gary Chapman
Chief Executive Officer and Chief Financial Officer
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Tel: +44 1224 618 420
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