ELKHART, Ind.--(BUSINESS WIRE)--LCI Industries (NYSE: LCII), which, through its wholly-owned subsidiary, Lippert Components, Inc. ("Lippert"), supplies a broad array of highly engineered components for the leading original equipment manufacturers ("OEMs") in the recreation and transportation product markets, and the related aftermarkets of those industries, will release its first-quarter 2021 financial results before the market opens on Tuesday, May 4, 2021.
LCI Industries will also host a conference call on Tuesday, May 4, 2021, at 8:30 a.m. ET to discuss the results and other business matters. The call will conclude with a question-and-answer session with participation limited to institutional investors and analysts.
The conference call may be accessed by dialing (877) 668-4883 for participants in the U.S./Canada or (825) 312-2360 for participants outside the U.S./Canada using the required conference ID 5717208. Due to the high volume of companies reporting earnings at this time, please be prepared for hold times of up to 15 minutes when dialing in to the call. Individual investors, retail brokers, and the media are invited to listen to a live webcast of the call on the LCI Industries website at www.investors.lci1.com.
A replay of the conference call will be available for two weeks by dialing (800) 585-8367 for participants in the U.S./Canada or (416) 621-4642 for participants outside the U.S./Canada and referencing access code 5717208. A replay of the webcast will be available on the Company’s website immediately following the conclusion of the call.
Participating in the conference call will be:
About LCI Industries
LCI Industries, through its wholly-owned subsidiary, Lippert, supplies, domestically and internationally, a broad array of highly engineered components for the leading OEMs in the recreation and transportation product markets, consisting primarily of recreational vehicles and adjacent industries, including buses; trailers used to haul boats, livestock, equipment, and other cargo; trucks; boats; trains; manufactured homes; and modular housing. The Company also supplies engineered components to the related aftermarkets of these industries, primarily by selling to retail dealers, wholesale distributors, and service centers. Lippert's products include steel chassis and related components; axles and suspension solutions; slide-out mechanisms and solutions; thermoformed bath, kitchen, and other products; vinyl, aluminum, and frameless windows; manual, electric, and hydraulic stabilizer and leveling systems; entry, luggage, patio, and ramp doors; furniture and mattresses; electric and manual entry steps; awnings and awning accessories; towing products; truck accessories; electronic components; and other accessories. Additional information about Lippert and its products can be found at www.lci1.com.
Contact: Brian Hall, CFO
Phone: (574) 535-1125
E Mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
One of the nation’s largest global egg and dairy distributors, Hidden Villa Ranch, adds LikidoVOLT® to its sustainability initiatives for clean power generation resulting in low carbon emissions and energy efficiency.
SAN DIEGO--(BUSINESS WIRE)--$DFCO #DFCO--Dalrada Financial Corp. (OTCQB: DFCO, “Dalrada”) is excited to announce that its LikidoVOLT® Clean Energy generators were first purchased and paid by Hidden Villa Ranch, one of the nation’s largest global distributors of cage-free, organic farm fresh eggs and dairy products. Sustainability is one of Hidden Villa Ranch’s environmental initiatives stating on the Company’s website, “energy efficiency and better awareness and reduction policies” are its corporate commitment.
Benefits of LikidoVOLT® include:
In conjunction with manufacturing partner Tongrun International (independently owned and managed facility in Bonham, Texas), Dalrada has developed certain features including IOT technology allowing control and monitoring via a managed network.
Accelerated production is underway in response to the significant interest received by Dalrada’s customers. Dalrada’s Clean Energy solutions include LikidoVOLT® generators, LikidoCRYO® chillers, and LikidoONE® heating and cooling units. All are made in the USA through Dalrada’s co-manufacturer. Demonstration units will be available soon.
Dalrada’s Likido® Clean Energy solutions present viable choices for institutions, businesses, and residences joining the world’s mission to achieve “net-zero emissions by 2050” in support of the Paris Climate Agreement. Likido’s headquarter location in Edinburgh, Scotland, is currently aligned with CLIMAGAL S.L., one of Spain’s oldest and leading refrigeration and air conditioning companies, to facilitate European climate change policy.
Brian Bonar, CEO of Dalrada, states, “Dalrada is an innovation company focused on bringing to the global market sustainability-driven science, engineering, technology, and clean energy solutions. As the nation joins the world in its commitment to eliminate carbon emissions by 2050, Dalrada is extremely excited to provide its first example of LikidoVOLT® sustainable energy generator use by Hidden Villa Ranch.”
About Likido Limited
Likido® is an international technology company, developing advanced solutions for the harvesting and recycling of energy. Using its novel heat pump systems (patent pending), Likido® is revolutionizing the renewable energy sector with the provision of innovative modular process technologies to maximize the capture and reuse of thermal energy for integrated heating and cooling applications. With uses across industrial, commercial, and residential sectors Likido® seeks to provide cost savings and to minimize carbon emissions across supply chains. Likido’s novel technologies enable the effective recovery and recycling of process energy, mitigating against climate change and enhancing quality of life through the provision of low-carbon heating and cooling systems. For more information, please visit www.likido.net.
About Dalrada (DFCO)
Dalrada Financial Corp. (OTCQB: DFCO, “Dalrada”) solves real-world problems by producing innovation-focused and technologically centered solutions on a global level. Delivering next-generation manufacturing, engineering, technology, and healthcare products and services designed to propel growth, Dalrada is a team of industry experts and an organization built upon a strong foundation of financial capital. The Company and its subsidiaries are positioned for stable long-term growth through intelligent market research, sound business acumen, and established operational infrastructure. For more information, visit www.dalrada.com or call 1-858-283-1253.
Disclaimer
Statements in this press release that are not historical facts are forward-looking statements, including statements regarding future revenues and sales projections, plans for future financing, the ability to meet operational milestones, marketing arrangements and plans, and shipments to and regulatory approvals in international markets. Such statements reflect management's current views, are based on certain assumptions, and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward-looking statements due to a number of important factors, and will be dependent upon a variety of factors, including, but not limited to, our ability to obtain additional financing that will allow us to continue our current and future operations and whether demand for our products and services in domestic and international markets will continue to expand. The Company undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in the Company's expectations with regard to these forward-looking statements or the occurrence of unanticipated events. Factors that may impact the Company's success are more fully disclosed in the Company's most recent public filings with the U.S. Securities and Exchange Commission ("SEC"), including its annual report on Form 10-K.
Media Contact:
Denise Mahaffey
858.283.1253
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DUBLIN--(BUSINESS WIRE)--The "Submarine Power Cable - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Amid the COVID-19 crisis, the global market for Submarine Power Cable estimated at US$9.2 Billion in the year 2020, is projected to reach a revised size of US$24.1 Billion by 2027, growing at a CAGR of 14.8% over the period 2020-2027.
Single Core, one of the segments analyzed in the report, is projected to record 15.7% CAGR and reach US$17.6 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Multi Core segment is readjusted to a revised 12.6% CAGR for the next 7-year period.
The U.S. Market is Estimated at $2.7 Billion, While China is Forecast to Grow at 14.2% CAGR
The Submarine Power Cable market in the U.S. is estimated at US$2.7 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$4.2 Billion by the year 2027 trailing a CAGR of 14.2% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 13.2% and 12.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 10.7% CAGR.
Select Competitors (Total 37 Featured):
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/16rn95
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Dan Dobbs will transition to chief strategy officer to lead new group
ROCKVILLE, Md.--(BUSINESS WIRE)--#CIP--The newly launched Standard Solar, Inc. Innovations will focus on accelerating the company’s growth by building upon the core assets of its people, its reputation and its financial strength. Dan Dobbs will lead the group as chief strategy officer. Dobbs’ previous role as chief financial officer (CFO) is now held by Song Yi, who previously served as the company’s CFO from 2010 to 2016.
Standard Solar Innovations will focus on continuous improvement, business intelligence systems, intrapreneurship and new services deployment. Standard Solar’s rapid growth over the past few years has helped the company develop and improve many systems and practices. The Innovations group will implement a formal continuous improvement process (CIP) that builds on this knowledge and progress, positioning Standard Solar to continue accelerating its growth. In parallel with the CIP, the group will pursue software solutions that help automate routine tasks, freeing the team to apply their creativity to quickly resolve unique challenges as they arise.
Recognizing the tremendous strengths and ingenuity of its workforce, Standard Solar Innovations will encourage “intrapreneurship” where employees articulate needs, propose solutions, and experiment with new ways to solve technical and business challenges they have identified. The Innovations group will also lead the deployment of products and services, whether developed internally or externally, that respond to market demands for emerging opportunities, such as energy storage.
“One of the most exciting aspects of Standard Solar Innovations is that we are creating a venue where our employees can explore, develop and pursue ideas that improve our current operations or result in entirely new offerings,” Dobbs said. “Our company is full of incredibly bright, entrepreneurial people who have great ideas to make real change in our industry. The Innovations group will provide the platform for their ideas to grow and be implemented.”
Yi returns to Standard Solar to take over as the company’s CFO effective immediately. Yi was previously CFO at Posigen, a solar power and energy efficiency company focused on serving low-income families and communities.
About Standard Solar
Standard Solar is powering the nation’s energy transformation – channeling its project development capabilities, financial strength and technical expertise to deliver the benefits of solar, as well as solar + storage, to businesses, institutions, farms, governments, communities and utilities. Building on 16 years of sustainable growth and in-house and tax equity investment capital, Standard Solar is a national leader in the development, funding and long-term ownership and operation of commercial and community solar assets. Recognized as an established financial partner with immediate, deep resources, the company owns and operates more than 160 megawatts of solar across the United States. Standard Solar is based in Rockville, Md. Learn more at standardsolar.com, LinkedIn and Twitter: @StandardSolar.
PR:
Leah Wilkinson
Wilkinson + Associates
703-907-0010
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Company’s behind-the-meter intelligence recognized for delivering predictive analytics to utilities for enhanced grid planning, enriched load forecasting and more
MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Guidehouse Insights has announced the top providers of smart meter analytics in its new report, Guidehouse Insights Leaderboard: Smart Meter Analytics, after assessing the utility grid management and optimization applications of 12 vendors. Entering the leaderboard for the first time, Bidgely scored in the “Contender” category for the success of its predictive analytics solution, Analytics Workbench, implemented by utilities to more effectively analyze the electric grid based on artificial intelligence (AI)-powered appliance-level consumption insights. Bidgely is also recognized for its expanded ability to support core utility objectives such as electrification, decarbonization, and time-of-use and peak load management.
“It is an honor to be acknowledged by Guidehouse Insights for our innovative approach to enterprise analytics that not only delivers greater customer value but also enables utilities to more effectively plan and manage increased demand on the grid, particularly as EVs and electriciation initiatives becomes more prevalent,” said Abhay Gupta, CEO of Bidgely. “Having been recently named as a Leader in the home energy management market, this recognition is a testament to Bidgely’s ability to service both customer-centric programs and grid-side analytics.”
The Guidehouse Insights Leaderboard evaluates and scores smart meter analytics providers based on their strategy and execution around 10 key criteria, including vision, technology, product portfolio and performance, geographic reach, sales and distribution. Bidgely’s patented disaggregation technology, partnerships with leading utilities throughout North America, Europe and Asia Pacific as well as its investments in automated distributed energy resources (DER) detection contributed to the company’s high ranking across all categories. Bidgely also has a strong partnership with Itron, a “Leader” on the Smart Meter Analytics Leaderboard, to integrate AI techniques that drive distributed intelligence for Itron’s global network of net-gen Riva electric and gas meters.
For a more in-depth summary of Bidgely’s position on the Smart Grid Analytics Leaderboard, download the Guidehouse Insights Leaderboard: Smart Meter Analytics Report Summary.
About Bidgely
Bidgely is an AI-powered SaaS Company accelerating a clean energy future by enabling energy companies and consumers to make data-driven energy-related decisions. Powered by our unique patented technology, Bidgely's UtilityAI™ Platform transforms multiple dimensions of customer data - such as energy consumption, demographic, and interactions - into deeply accurate and actionable consumer energy insights. We leverage these insights to empower each customer with personalized recommendations, tailored to their individual personality and lifestyle, usage attributes, behavioral patterns, purchase propensity, and beyond. From a Distributed Energy Resources (DER) and Grid Edge perspective, whether it is smart thermostats to EV chargers, solar PVs to TOU rate designs and tariffs; UtilityAI™ energy analytics provides deep visibility into generation, consumption for better peak load shaping and grid planning, and delivers targeted recommendations for new value-added products and services. With roots in Silicon Valley, Bidgely has over 17 energy patents, $50M+ in funding, retains 30+ data scientists, and brings a passion for AI to utilities serving residential and commercial customers around the world. For more information, please visit www.bidgely.com or the Bidgely blog at bidgely.com/blog.
Christine Bennett
Bidgely
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Over $1.4 billion was raised through securitization in Q1 2021
AUSTIN, Texas--(BUSINESS WIRE)--#MA--Mercom Capital Group, llc, a global clean energy communications and consulting firm, released its report on funding and merger and acquisition (M&A) activity for the global solar sector in the first quarter of 2021.
Total corporate funding , including venture capital funding, public market, and debt financing into the solar sector in Q1 2021, came to $8.1 billion (B) in 36 deals, a 21% increase compared to $6.7B in 43 deals in Q4 2020.
CHART: Solar Corporate Funding Q1 2020-Q1 2021
“Financing activity in the solar sector started strong in 2021 with Q1 numbers up substantially year-over-year. Even though solar stocks lost some of their spark in the first quarter after an unprecedented run in 2020, a big IPO and record securitization activity lifted overall fundraising totals. Solar assets continue to be in great demand with almost 15 GW of projects acquired in Q1,” said Raj Prabhu, CEO of Mercom Capital Group.
CHART: Solar Top Corporate Funding Deals in Q1 2021
The top corporate funded deal in Q1 2021 was the $2.2B raised by Shoals Technologies Group through an IPO.
Global VC funding for the solar sector in Q1 2021 came to $1B in 14 deals.
Of the $1B in VC funding raised in 14 deals during Q1 2021, 96% went to solar downstream companies with $990 million (M) in 10 deals.
The top VC/PE funded company in Q1 2021 was Loanpal which raised $800M.
A total of 43 VC investors participated in Q1 2021.
Public market financing in the solar sector dropped slightly, with $2.8B raised in eight deals in Q1 2021 compared to $3B raised in 17 deals in Q4 2020.
Announced debt financing in Q1 2021 jumped to $4.3B in 14 deals compared to Q4 2020 with $2.9B in 14 deals.
Five securitization deals totaling $1.4B were recorded in Q1 2021, the largest amount of financing through securitization since 2013.
There were 20 solar M&A transactions in Q1 2021 compared to 12 transactions in Q1 2020.
There were 82 large-scale solar project acquisitions in Q1 2021 compared to 83 transactions in Q4 2020. Acquired projects totaled 14.6 GW in Q1 2021.
CHART: Solar Project Acquisitions Q1 2020-Q1 2021 (By GW)
Project Developers and Independent Power Producers were the most active acquirers in Q1 2021, with 5.2 GW.
CHART: Solar Project Acquisitions by Country Q1 2021 (By MW)
CHART: Solar Project Acquirer Mix (%) Q1 2021
340 companies and investors are covered in this 91-page report.
Get the report: https://mercomcapital.com/product/q1-2021-solar-funding-ma-report/
About Mercom Capital Group
Mercom Capital Group is a global communications and consulting firm focused on clean energy. Mercom produces funding and market intelligence reports covering Solar and Battery Storage/Smart Grid/Efficiency. Mercom advises cleantech companies on new market entry, custom market intelligence and strategic decision-making. https://www.mercomcapital.com
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Wendy Prabhu
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DALLAS--(BUSINESS WIRE)--Flowserve Corporation (NYSE: FLS), a leading provider of flow control products and services for the global infrastructure markets, today announced that it plans to release its results for the first quarter 2021 after the close of the New York Stock Exchange (NYSE) on Monday, May 3.
The following morning, on Tuesday, May 4, the company will hold its conference call with the financial community at 11 a.m. Eastern time. Scott Rowe, president and chief executive officer, and other members of management will present.
The earnings materials and webcast of the conference call can be accessed by shareholders and other interested parties at www.flowserve.com under the "Investor Relations" section.
About Flowserve: Flowserve Corp. is one of the world’s leading providers of fluid motion and control products and services. Operating in more than 55 countries, the company produces engineered and industrial pumps, seals and valves as well as a range of related flow management services. More information about Flowserve can be obtained by visiting the company’s Web site at www.flowserve.com.
Safe Harbor Statement: This news release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. Words or phrases such as "may," "should," "expects," "could," "intends," "plans," "anticipates," "estimates," "believes," "forecasts," "predicts" or other similar expressions are intended to identify forward-looking statements, which include, without limitation, earnings forecasts, statements relating to our business strategy and statements of expectations, beliefs, future plans and strategies and anticipated developments concerning our industry, business, operations and financial performance and condition.
The forward-looking statements included in this news release are based on our current expectations, projections, estimates and assumptions. These statements are only predictions, not guarantees. Such forward-looking statements are subject to numerous risks and uncertainties that are difficult to predict. These risks and uncertainties may cause actual results to differ materially from what is forecast in such forward-looking statements, and include, without limitation, the following: a portion of our bookings may not lead to completed sales, and our ability to convert bookings into revenues at acceptable profit margins; changes in global economic conditions and the potential for unexpected cancellations or delays of customer orders in our reported backlog; our dependence on our customers’ ability to make required capital investment and maintenance expenditures; risks associated with cost overruns on fixed-fee projects and in taking customer orders for large complex custom engineered products; the substantial dependence of our sales on the success of the oil and gas, chemical, power generation and water management industries; the adverse impact of volatile raw materials prices on our products and operating margins; our ability to execute and realize the expected financial benefits from our strategic manufacturing optimization and realignment initiatives; economic, political and other risks associated with our international operations, including military actions or trade embargoes that could affect customer markets, particularly Middle Eastern markets and global oil and gas producers, and non-compliance with U.S. export/re-export control, foreign corrupt practice laws, economic sanctions and import laws and regulations; increased aging and slower collection of receivables, particularly in Latin America and other emerging markets; our exposure to fluctuations in foreign currency exchange rates, including in hyperinflationary countries such as Venezuela; our furnishing of products and services to nuclear power plant facilities and other critical processes; potential adverse consequences resulting from litigation to which we are a party, such as litigation involving asbestos-containing material claims; a foreign government investigation regarding our participation in the United Nations Oil-for-Food Program; expectations regarding acquisitions and the integration of acquired businesses; our ability to anticipate and manage cybersecurity risk, including the risk of potential business disruptions or financial losses; our relative geographical profitability and its impact on our utilization of deferred tax assets, including foreign tax credits; the potential adverse impact of an impairment in the carrying value of goodwill or other intangible assets; our dependence upon third-party suppliers whose failure to perform timely could adversely affect our business operations; the highly competitive nature of the markets in which we operate; environmental compliance costs and liabilities; potential work stoppages and other labor matters; our inability to protect our intellectual property in the U.S., as well as in foreign countries; obligations under our defined benefit pension plans; and other factors described from time to time in our filings with the Securities and Exchange Commission.
All forward-looking statements included in this news release are based on information available to us on the date hereof, and we assume no obligation to update any forward-looking statement.
Investor Contacts:
Jay Roueche, Vice President, Investor Relations & Treasurer, (972) 443-6560
Mike Mullin, Director, Investor Relations, (972) 443-6636
Media Contact:
Lars Rosene, Vice President, Corporate Communications & Public Affairs, (972) 443-6644
MILLBROOK, N.Y.--(BUSINESS WIRE)--Tankfarm, a new kind of propane distribution company, announced today that it has released the Tankfarm app on the Android operating system. The app is already available on all Apple and iOS devices.
“We are thrilled to announce that the Tankfarm mobile app is now available to all our users, whether they use an iOS or Android device," said Andrew Heaney, Tankfarm co-founder and CEO. "90% of Tankfarm customers find us on a mobile device, and of those devices roughly half run on Android. This additional capability is a big step forward in making the Tankfarm experience available to everyone.”
Tankfarm invests in software and tank monitors to make deliveries more efficient and profitable for suppliers and more convenient for consumers. The company aims to improve the propane industry’s approach to technology, so it can begin to meet the expectations of today’s propane consumer. The U.S. propane industry is highly fragmented and has been slow to embrace new technology.
“This development is an important step forward in our effort to develop a proprietary ecosystem of software and sensors that will offer the best consumer experience in the propane industry,” Heaney explained. “We can’t wait to show the world what we’re building for our users next.”
Tankfarm builds software and applications that connect propane customers with suppliers in an easy, intuitive, transparent way. The company is laser focused on the residential propane market and delivers a seamless customer experience. The software is free to use, Tankfarm does not charge any hidden nuisance fees, and customer service is a priority. To fulfill deliveries, Tankfarm has partnered with top propane marketers in 30 states and from over 200 locations. Its mobile app communicates with a wireless monitor Tankfarm places on all tanks to help customers know how much propane they have in their tank, how much they’re using and when they’re using it.
Tankfarm is headquartered in Millbrook, New York. For more information, visit: https://tankfarm.io
About Tankfarm
Tankfarm is a propane distribution company that invests in software and tank monitors to make deliveries more efficient and profitable for our suppliers, and to delight our users. Tankfarm’s free software connects residential propane customers with suppliers; offers transparent, upfront pricing; and provides superior customer service. The Tankfarm supplier network spans 30 states and over 200 locations. Our mission is to improve the propane industry’s approach to technology and improve the customer experience.
Tankfarm is a member of the National Propane Gas Association (NPGA), the Propane Gas Association of New England (PGANE), the Maine Energy Marketers Association, the New York Propane Gas Association (NYPGA), the New Jersey Propane Gas Association (NJPGA), the Pennsylvania Propane Gas Association (PAPGA), the Mid-Atlantic Propane Gas Association (MAPGA) the Virginia Propane Gas Association (VPGA), the Rocky Mountain Propane Association(RMPA), the Western Propane Gas Association (WPGA), the Pacific Propane Gas Association (PPGA), and the Texas Propane Gas Association (TPGA).
Tankfarm
Andrew Heaney
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HOUSTON--(BUSINESS WIRE)--Genesis Energy, L.P. (NYSE: GEL) (“Genesis” or the “Company”) today announced the pricing of a registered, underwritten public offering of $250,000,000 in aggregate principal amount of 8.0% senior unsecured notes due 2027. The offering was upsized from the previously announced $200,000,000 in aggregate principal amount of the notes. The notes will be co-issued with our subsidiary, Genesis Energy Finance Corporation (“GEFC”), and will be guaranteed, with certain exceptions, by substantially all of our existing and future subsidiaries other than our unrestricted subsidiaries. The notes offered will be issued as additional notes, and are expected to rank equally with, and be treated as a single class of notes under the indenture pursuant to which the Company and GEFC issued $750,000,000 aggregate principal amount of their currently outstanding 8.0% senior unsecured notes due 2027 on December 17, 2020. The price to investors will be 103.75% of the principal amount of the notes, plus accrued interest from December 17, 2020. We intend to use the net proceeds from the offering for general partnership purposes, including repaying a portion of the revolving borrowings outstanding under our credit facility. The offering of the notes is expected to settle and close on April 22, 2021, subject to customary closing conditions.
BofA Securities, Inc., Wells Fargo Securities, LLC, SMBC Nikko Securities America, Inc., BNP Paribas Securities Corp., Capital One Securities, Inc., Citigroup Global Markets, Inc., Fifth Third Securities, Inc., RBC Capital Markets, LLC, Regions Securities LLC, and Scotia Capital (USA) Inc. are acting as joint book-running managers for the offering and Comerica Securities, Inc. is acting as co-manager. A copy of the final prospectus supplement and accompanying base prospectus relating to this offering, when available, may be obtained from:
BofA Securities, Inc.
NC1-004-03-43
200 North College Street, 3rd Floor
Charlotte, NC 28255-0001
Attn: Prospectus Department
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Wells Fargo Securities, LLC
550 S. Tryon Street, 5th Floor
Charlotte, NC 28202
Attn: Leveraged Syndicate
SMBC Nikko Securities America, Inc.
277 Park Avenue
New York, NY 10172
Tel: 888-868-6856
Attention: Debt Capital Markets
BNP Paribas Securities Corp.
787 Seventh Avenue
New York, NY 10019
Attention: Syndicate Desk
Tel: 212-841-2871
Capital One Securities, Inc.
201 St. Charles Ave., Suite 1830
New Orleans, Louisiana 70170
Attention: Gabrielle Halprin
Citigroup Global Markets Inc.
Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, New York 11717
Fifth Third Securities, Inc.
38 Fountain Square Plaza
Cincinnati, OH 45263
Attn: Syndicate Department
Tel: 866-531-5353
RBC Capital Markets
Attn: HY Capital Markets
200 Vesey St – 8th Floor
New York, NY 10281
Telephone: (212) 428-6200
Regions Securities LLC
1180 West Peachtree St. NW, Suite 1400
Atlanta, GA 30309
Attention: Debt Capital Markets
Telephone: (704) 940-5066
Scotia Capital (USA) Inc.
250 Vesey Street
New York, New York 10281
Comerica Securities, Inc.
3551 Hamlin Road, 4th Floor
MC 7476
Auburn Hills, MI 48326
You may also obtain these documents for free, when they are available, by visiting the SEC’s website at www.sec.gov.
This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The offer is being made only through the prospectus supplement and accompanying base prospectus, each of which is part of our effective shelf registration statement on Form S-3 previously filed with the Securities and Exchange Commission.
Genesis is a diversified midstream energy master limited partnership headquartered in Houston, Texas. Genesis’ operations include offshore pipeline transportation, sodium minerals and sulfur services, onshore facilities and transportation and marine transportation. Genesis’ operations are primarily located in the Gulf Coast region of the United States, Wyoming and the Gulf of Mexico.
This press release includes forward-looking statements as defined under federal law. Although we believe that our expectations are based upon reasonable assumptions, no assurance can be given that our goals will be achieved, including statements regarding our ability to successfully close the offering and to use the net proceeds as indicated above. Actual results may vary materially. We undertake no obligation to publicly update or revise any forward-looking statement.
Genesis Energy, L.P.
Ryan Sims
SVP – Finance and Corporate Development
(713) 860-2521
BOSTON--(BUSINESS WIRE)--#climatechange--Natixis Investment Managers (Natixis) today announced the Mirova US Climate Ambition Equity investment strategy is now available to financial advisors and their clients through retail separately managed accounts (SMAs). The strategy is managed by Mirova, an affiliate of Natixis Investment Managers and certified B Corporation dedicated to sustainable investment, and one of only 20 asset managers selected by the Principles for Responsible Investment (PRI) organization to the PRI Leaders Group 2020.
The Mirova US Climate Ambition Equity strategy is a diversified core US equity portfolio with a four-year track record designed to have a high positive climate impact by investing in a diversified range of companies, including companies whose activities will lead to a significant reduction in induced carbon emissions and/or a significant increase in saved carbon emissions. The strategy also seeks to actively invest in firms that derive more than 50% of their revenues from activities with a positive climate impact, which are likely to benefit from a transition to a less carbon-centric economy. The strategy seeks to outperform the S&P 500 within a defined risk budget.
“We believe that investors can outperform the market in the long-term by investing in high-quality companies that will help to reduce carbon emissions and contribute to a more sustainable economy,” said Jens Peers, CFA®, CEO and CIO at Mirova US. “Offering the Climate Ambition strategy as a retail SMA enables advisors and their clients to access it in a format that was previously only available to institutional investors.”
The Mirova US Climate Ambition strategy uses a proprietary quantitative, rules-based approach to portfolio construction, integrating considerations such as a qualitative sustainability analysis of each investment based on environmental, social and governance (ESG) criteria, an assessment of risk factors including those related to energy transition, and fundamental views on companies’ climate impact, incorporating an advanced lifecycle approach to the assessment of carbon impact. Mirova is a signatory of the Net Zero Asset Management initiative, and like all of Mirova’s equity portfolios, the strategy is aligned with a <2°C global warming scenario, in line with the Paris Agreement.
“Client demand for climate-focused investment strategies has never been stronger, and expanding access to the Mirova US Climate Ambition strategy through a retail SMA provides investors with an efficient way to invest in this well-established strategy,” said David Giunta, CEO for the US at Natixis Investment Managers.
The strategy is co-managed by Manuel Coeslier and David Belloc, CFA®, and is managed by Mirova US LLC. Coeslier is a portfolio manager and SRI analyst at Mirova who specializes in measuring the impact of investment portfolios on climate and the energy transition. He led the development of
Mirova’s carbon assessment methodology and has been a member of the European Commission’s Technical Expert Group on Sustainable Finance where he particularly worked on climate benchmarks. Belloc is a cross-asset Portfolio Manager at Mirova with more than 20 years of investment experience. Earlier in his career he managed strategies in quantitative equities, smart beta and convertible bonds. The team also draws on a global team of multi-disciplinary specialists and a Responsible Investment Research Team with analysts dedicated to ESG research.
The Mirova US Climate Ambition strategy was previously available through institutional separately managed accounts and will now be available to retail investors through financial advisors via model delivery, single contract and dual contract SMA programs.
Mirova also manages three equity mutual funds available to US investors, the Mirova US Sustainable Equity Fund (MUSYX), the Mirova International Sustainable Equity Fund (MRVYX), and the Mirova Global Sustainable Equity fund (ESGYX). All three strategies are also available to eligible financial advisors and their clients as SMAs. The firm also offers an ESG fixed income mutual fund, the Mirova Global Green Bond Fund (MGGYX).
About Mirova
Mirova is an investment manager dedicated to responsible investment. Through a conviction-driven investment approach, Mirova’s goal is to combine value creation over the long term with sustainable development. Mirova’s experts have been pioneers in many areas of sustainable finance. Their ambition is to keep innovating to create the most impactful solutions to meet their clients’ goals. Mirova manages $23.9 billion as of December 31, 2020, which includes $4.96 billion managed by its US subsidiary, Mirova US LLC.
About Mirova US
Mirova US is an SEC registered investment advisor that is a wholly owned affiliate of Mirova. Mirova is operated in the US through Mirova US. Mirova US and Mirova entered into an agreement whereby Mirova provides Mirova US investment and research expertise, which Mirova US then combines with its own expertise when providing advice to clients.
About Natixis Investment Managers
Natixis Investment Managers serves financial professionals with more insightful ways to construct portfolios. Powered by the expertise of more than 20 specialized investment managers globally, we apply Active Thinking® to deliver proactive solutions that help clients pursue better outcomes in all markets. Natixis Investment Managers ranks among the world’s largest asset management firms1 with nearly $1.4 trillion assets under management2 (€1,135.5 billion).
Headquartered in Paris and Boston, Natixis Investment Managers is a subsidiary of Natixis. Listed on the Paris Stock Exchange, Natixis is a subsidiary of BPCE, the second-largest banking group in France. Natixis Investment Managers’ affiliated investment management firms include AEW; Alliance Entreprendre; AlphaSimplex Group; DNCA Investments;3 Dorval Asset Management; Flexstone Partners; Gateway Investment Advisers; H2O Asset Management; Harris Associates; Investors Mutual Limited; Loomis, Sayles & Company; Mirova; MV Credit; Naxicap Partners; Ossiam; Ostrum Asset Management; Seeyond; Seventure Partners; Thematics Asset Management; Vauban Infrastructure Partners; Vaughan Nelson Investment Management; Vega Investment Managers;4 and WCM Investment Management. Additionally, investment solutions are offered through Natixis Investment Managers Solutions, and Natixis Advisors offers other investment services through its AIA and MPA division. Not all offerings available in all jurisdictions. For additional information, please visit Natixis Investment Managers’ website at im.natixis.com | LinkedIn: linkedin.com/company/natixis-investment-managers.
Natixis Investment Managers’ distribution and service groups include Natixis Distribution, L.P., a limited purpose broker-dealer and the distributor of various US registered investment companies for which advisory services are provided by affiliated firms of Natixis Investment Managers, Natixis Investment Managers S.A. (Luxembourg), Natixis Investment Managers International (France), and their affiliated distribution and service entities in Europe and Asia.
Before investing, consider the fund's investment objectives, risks, charges, and expenses. Visit im.natixis.com or call 800-862-4863 for a prospectus or a summary prospectus or a summary prospectus containing this and other information. Read it carefully.
Natixis Distribution, L.P. is a limited purpose broker-dealer and the distributor of various registered investment companies for which advisory services are provided by affiliates of Natixis Investment Managers. • Natixis Distribution, L.P. is located at 888 Boylston Street, Suite 800, Boston, MA 02199-8197 • 800-225-5478 • im.natixis.com • Member FINRA | SIPC
Equity Securities Risk: Equity securities are volatile and can decline significantly in response to broad market and economic conditions.
Foreign and Emerging Market Securities Risk: Foreign and emerging market securities may be subject to greater political, economic, environmental, credit, currency and information risks. Foreign securities may be subject to higher volatility than US securities, due to varying degrees of regulation and limited liquidity. These risks are magnified in emerging markets.
Small and Mid-Cap Stocks Risk: Investments in small and midsize companies can be more volatile than those of larger companies.
ESG Investing Risk: The Fund's ESG investment approach could cause the Fund to perform differently compared to funds that do not have such an approach or compared to the market as a whole. The Fund's application of ESG-related considerations may affect the Fund's exposure to certain issuers, industries, sectors, style factors or other characteristics and may impact the relative performance of the Fund – positively or negatively – depending on the relative performance of such investments.
Currency Risk: Currency exchange rates between the US dollar and foreign currencies may cause the value of the fund's investments to decline.
1 Cerulli Quantitative Update: Global Markets 2020 ranked Natixis Investment Managers as the 17th largest asset manager in the world based on assets under management as of December 31, 2019.
2 Assets under management (“AUM”) as of December 31, 2020 is $1,389.7 billion. AUM, as reported, may include notional assets, assets serviced, gross assets, assets of minority-owned affiliated entities and other types of non-regulatory AUM managed or serviced by firms affiliated with Natixis Investment Managers.
3 A brand of DNCA Finance.
4 A wholly-owned subsidiary of Natixis Wealth Management.
3551324.4.1
Media:
NATIXIS INVESTMENT MANAGERS
Kelly Cameron
Tel: 617-449-2543
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Accomplished finance executive with more than 25 years of public and private company experience joins fleet electrification leader
BOSTON--(BUSINESS WIRE)--XL Fleet Corp. (NYSE: XL) (“XL Fleet” or the “Company”), a leading provider of fleet electrification solutions for commercial vehicles in North America, today announced the addition of Cielo M. Hernandez as Chief Financial Officer of XL Fleet. As CFO, Hernandez will oversee the Company’s financial organization, including financial reporting, financial planning, internal controls, as well as treasury. Hernandez’s extensive experience and capability will also contribute to strategic planning, M&A, and investor relations.
“We are extremely excited to welcome Cielo to our leadership team,” said Dimitri Kazarinoff, Chief Executive Officer of XL Fleet. “Cielo is a high-caliber finance executive whose extensive experience driving growth, operational improvements and functional excellence positions her very well to lead XL Fleet’s finance organization and deliver significant value to our stakeholders. I look forward to working closely with Cielo as we continue to execute on our growth plan as a public company.”
Hernandez is a finance professional with more than 25 years of experience, with an extensive track record of leading global teams and strategies for both publicly traded and private companies. She has held various positions in finance, operations, procurement and information systems, and prior to joining XL Fleet, served as Senior Vice President and Chief Financial Officer of South Jersey Industries, Inc., a publicly traded energy utility company. She previously served as Vice President and Chief Financial Officer for the North America region at A.P. Moeller Maersk A/S, and held leadership roles at APM Terminals, Amcor and DIRECTV.
“Cielo’s strong finance and accounting background at both public and private companies is well-aligned with XL Fleet’s growth trajectory, and her strategic financial leadership is immensely valuable at a critical time in our company’s evolution,” said Tod Hynes, Founder and President of XL Fleet. “We look forward to Cielo’s contributions toward our ongoing growth and our mission of leading electrification across the global commercial fleet space.”
Hernandez earned her undergraduate degree in Accounting from Universidad Santiago de Cali, Colombia. She also holds a Master of Business Administration degree with specialization in International Business from the University of Miami. Hernandez is a Certified Public Accountant and holds a Certification in Human Resources Talent Management from Universidad Santiago de Cali, Colombia as well as Certifications in Executive Leadership and High-Performance Leadership from Cornell University, and Strategic Leadership and Improving the Business from IMD University Switzerland. Hernandez is a Board member of Rowan University Foundation and was named as one of South Jersey Biz’s Women to Watch for 2020.
About XL Fleet
XL Fleet is a leading provider of fleet electrification solutions for commercial vehicles in North America, with more than 150 million miles driven by customers such as The Coca-Cola Company, Verizon, Yale University and the City of Boston. XL Fleet’s hybrid and plug-in hybrid electric drive systems can increase fuel economy up to 25-50 percent and reduce carbon dioxide emissions up to 20-33 percent, decreasing operating costs and meeting sustainability goals while enhancing fleet operations. XL Fleet’s plug-in hybrid electric drive system was named one of TIME magazine's best inventions of 2019. For additional information, please visit www.xlfleet.com.
Forward Looking Statements
Certain statements in this press release may constitute “forward-looking statements” within the meaning of the federal securities laws. Forward-looking statements generally are accompanied by words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “plan,” “predict,” “potential,” “seem,” “seek,” “future,” “outlook,” and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of management and are not predictions of actual performance. Forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements, including but not limited to failure to realize the anticipated benefits from the business combination; the effects of pending and future legislation; the highly competitive nature of the Company’s business and the commercial vehicle electrification market; litigation, complaints, product liability claims and/or adverse publicity; cost increases or shortages in the components or chassis necessary to support the Company’s products and services; the introduction of new technologies; the impact of the COVID-19 pandemic on the Company’s business, results of operations, financial condition, regulatory compliance and customer experience; the potential loss of certain significant customers; privacy and data protection laws, privacy or data breaches, or the loss of data; general economic, financial, legal, political and business conditions and changes in domestic and foreign markets; the inability to convert its sales opportunity pipeline into binding orders; risks related to the rollout of the Company’s business and the timing of expected business milestones; the effects of competition on the Company’s future business; the availability of capital; and the other risks discussed under the heading “Risk Factors” in our Annual Report on Form 10-K filed on March 31, 2021 and other documents that the Company files with the SEC in the future. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. These forward-looking statements speak only as of the date hereof and the Company specifically disclaims any obligation to update these forward-looking statements.
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BOSTON--(BUSINESS WIRE)--#LifeisOn--Schneider Electric Solar has announced the Schneider Electric Solar Store, an e-commerce store where customers can purchase Schneider Electric’s solar products. Schneider Electric Solar is looking to enhance the experience of their customers with the convenience of online shopping.
The Schneider Electric Solar Store offers easy navigation to find all current Schneider Electric solar products that are available in the North American market, including the XW Pro and SW hybrid inverters, MPPT charge controllers, power distribution panels, InsightHome and InsightFacility edge devices, as well as accessories.
Customers can select expedited shipping options for locations in the United States, Puerto Rico, and Canada. Products can be shipped in multiple shipments on the dates customers requested. Solar installers can also make purchases and ship the products directly to homeowners.
The shoppers can expect key online shopping experiences such as:
“The Covid-19 pandemic accelerated the digitalization in both workplaces and households. We built the Schneider Electric Solar Store to make it easy for our customers to purchase our solar products online,” says Bernhard Kiechl, VP of Marketing, Research & Development, Schneider Electric Solar. “The e-commerce store is another way to establish a long-term relationship with our customers and help them get access to clean and resilient energy supplies.”
To purchase Schneider Electric solar products, please visit shop-us.solar.se.com.
About Schneider Electric
Schneider’s purpose is to empower all to make the most of our energy and resources, bridging progress and sustainability for all. We call this Life Is On.
Our mission is to be your digital partner for Sustainability and Efficiency.
We drive digital transformation by integrating world-leading process and energy technologies, end-point to cloud connecting products, controls, software and services, across the entire lifecycle, enabling integrated company management, for homes, buildings, data centers, infrastructure and industries.
We are the most local of global companies. We are advocates of open standards and partnership ecosystems that are passionate about our shared Meaningful Purpose, Inclusive and Empowered values.
Hashtags: #LifeIsOn #DigitalEconomy #SEsolar
Related resources:
Schneider Electric Solar Media Relations – Junco Kumon, This email address is being protected from spambots. You need JavaScript enabled to view it.
DUBLIN--(BUSINESS WIRE)--The "Global Electricity TSO Profiles and Benchmarking Report 2021" report has been added to ResearchAndMarkets.com's offering.
This report provides detailed profiles of around 212 transmission system operators (TSOs) and developers operating in over 100 countries in six regions - North America, Latin America, Asia, Europe, the Middle East and Africa.
The report has the following distinct sections:
Each TSO profile has information and data on:
Key Topics Covered:
PART 1 EXECUTIVE SUMMARY
PART 2 KEY GLOBAL TRENDS
2.1 Growth in network
2.2 Trends in operational performance
2.3 Trends in financial performance
2.4 Trends in capital expenditure
PART 3 INTER-TSO COMPARISON: NETWORK SIZE AND EXPECTED GROWTH
3.1 Operational structure
3.2 Growth in the transmission network, 22015-220
3.3 Expected trends in network expansion, 22021-225
PART 4 INTER-TSO COMPARISON: OPERATIONAL AND FINANCIAL PERFORMANCE
4.1 operational performance
4.2 Financial performance
PART 5 INTER-DSO COMPARISON: PAST AND FUTURE CAPEX
5.1 Trend in capital expenditure, 22015-220
5.2 Expected trends in CAPEX/investment, 22021-225
PART 6 TSO PROFILES (Selection Listed Below)
For more information about this report visit https://www.researchandmarkets.com/r/bb0dws
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
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HOUSTON--(BUSINESS WIRE)--BBVA USA, as Trustee of the San Juan Basin Royalty Trust (the “Trust”) (NYSE:SJT), today declared a monthly cash distribution to the holders of its Units of beneficial interest (the “Unit Holders”) of $4,464,842.99 or $0.095794 per Unit, based primarily upon estimated production during the month of February 2021, subject to certain adjustments by the owner of the Trust’s subject interests, Hilcorp San Juan L.P. (Hilcorp”), for prior months. The distribution is payable May 14, 2021, to Unit Holders of record as of April 30, 2021.
Based upon information provided to the Trust by Hilcorp, gas production for the subject interests totaled 2,401,460 Mcf (2,668,289 MMBtu) for February 2021, as compared to 2,631,464 Mcf (2,923,849 MMBtu) for January 2021. Dividing revenues by production volume yielded an average gas price for February 2021 of $4.67 per Mcf ($4.20 per MMBtu), as compared to an average gas price for January 2021 of $2.36 per Mcf ($2.12 per MMBtu).
Hilcorp informed the Trust that due to Hilcorp’s transition to a new accounting system, the February 2021 reporting month is based on estimated production, estimated prices and estimated costs.
Hilcorp also reported that for the reporting month of February 2021, revenue included an estimated $100,000 for non-operated revenue. For the month ended February 2021, Hilcorp reported to the Trust capital costs of $86,941, lease operating expenses and property taxes of $3,029,846, and severance taxes of $2,041,162.
Contact: |
San Juan Basin Royalty Trust |
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BBVA USA, Trustee |
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2200 Post Oak Blvd., Floor 18 |
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Houston, TX 77056 |
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website: www.sjbrt.com |
e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it. |
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Joshua R. Peterson, Head of Trust Real Assets & Mineral Resources |
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and Senior Vice President |
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Kaye Wilke, Investor Relations, toll-free: (866) 809-4553 |
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Except for historical information contained in this news release, the statements in this news release are forward-looking statements that are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements generally are accompanied by words such as “estimates,” “anticipates,” “could,” “plan,” or other words that convey the uncertainty of future events or outcomes. Forward-looking statements and the business prospects of San Juan Basin Royalty Trust are subject to a number of risks and uncertainties that may cause actual results in future periods to differ materially from the forward-looking statements. These risks and uncertainties include, among other things, certain information provided to the Trust by Hilcorp, volatility of oil and gas prices, governmental regulation or action, litigation, and uncertainties about estimates of reserves. These and other risks are described in the Trust’s reports and other filings with the Securities and Exchange Commission.
Joshua R. Peterson, Head of Trust Real Assets & Mineral Resources
and Senior Vice President
Kaye Wilke, Investor Relations, toll-free: (866) 809-4553
Almost $5 Million in Awards for Innovative Low- and Zero-Carbon Emitting Building Design and Construction
NEW YORK--(BUSINESS WIRE)--#brightpowerinc--Bright Power, a leading energy and water management company, celebrates five projects that were recently awarded funding in the second round of the Buildings of Excellence Competition, administered by The New York State Energy Research and Development Authority (NYSERDA).
The Buildings of Excellence Competition recognizes and supports the design, construction and operation of low-carbon emitting multifamily buildings in New York. It supports the Climate Leadership and Community Protection Act (Climate Act), the most aggressive climate change program in the nation, which puts New York State on a path to economy-wide carbon neutrality and mandates an 85 percent reduction in greenhouse gas emissions by 2050. The competition was launched in March 2019 and the first round awarded $18 million to 28 projects, nine of which are projects that are working with Bright Power on sustainability features and design. This second round awarded $13 million to 14 projects, five of which are working with Bright Power.
The five projects include:
At Dekalb Commons, St. Nicks Alliance and Bedford Stuyvesant Restoration Corporation will use the award with Bright Power, Magnusson Architecture and Planning PC and Dagher Engineering, PLLC to build to Passive House standards and investigate the feasibility of integrating a solar photovoltaic (PV) array with community solar. Building to Passive House standards will provide future residents with greater thermal comfort, increased air quality, and superior insulation, controlling utility costs. By integrating community solar, St. Nicks Alliance and Bedford Stuyvesant Restoration Corporation will be able to generate electricity at the property and will enable more New Yorkers to realize the benefits and savings associated with clean energy. Bright Power will also provide Enterprise Green Communities certification in addition to commissioning and Passive House consulting. Bright Power is delivering the technical support for this project’s participation in NYSERDA’s Multifamily New Construction Program.
"St. Nicks Alliance is committed to the development of energy efficient and sustainable housing. We are honored to receive the Buildings of Excellence award from NYSERDA for our Dekalb Commons project. This award recognizes the commitment and efforts of not only St. Nicks Alliance, but our committed partners of Bedford Stuyvesant Restoration Corporation, Magnusson Architecture and Planning, and Bright Power. The addition of the Blue Ribbon for Design Excellence for the Buildings of Excellence Competition further shows the team's strong commitment to provide quality and sustainable affordable housing. We hope to continue this mission of energy efficiency and sustainability in future projects," stated Frank Lang, Director for Housing.
At Hudson Hill, Westhab will use the award with Bright Power, Amie Gross Architects and EP Engineering to build an all-electric building with Passive House inspired design. Hudson Hill will boast an Energy Recovery Ventilator (ERV) system, heat pump water heaters, triple glazed windows, and will have reduced embodied carbon due to the wood frame. Bright Power designed a 121 kilowatt ballasted solar PV array so Hudson Hill can generate electricity at the property and offset the common area meter. In addition, Bright Power will provide ENERGY STAR certification and commissioning. Bright Power expects to deliver the technical support for this project’s participation in NYSERDA’s New Construction - Housing Program. Future residents will have a high performing building with superior comfort while ownership will reduce utility costs.
“Hudson Hill will bring safe, affordable, resilient housing to low- and moderate- income individuals and families, while incorporating both proven and novel technologies and strategies to reduce energy consumption, increase healthy living, and lower the building’s carbon footprint,” says Westhab’s Senior Vice President of Real Estate, Andrew Germansky. “Bright Power has been instrumental in determining the best components to incorporate into the design of Hudson Hill to ensure that it is a model for sustainable development. Together, we're demonstrating that affordable housing can be high-quality, replicable, and sustainable.”
At Linden Boulevard Phase III, Radson Development will use the award with Bright Power, Magnusson Architecture and Planning PC and Di Bari Engineering, P.C. to develop a very high performing, all-electric building, expanding on the previous two phases of the Linden Boulevard project. Phase III will include a variable refrigerant flow (VRF) system, heat pump hot water heaters with VRF heat recovery and energy recovery ventilators (ERV). Bright Power will provide Enterprise Green Communities certification and ENERGY STAR certification. Bright Power expects to deliver the technical support for this project’s participation in NYSERDA’s New Construction - Housing Program. Bright Power also is investigating the feasibility of building Linden Boulevard Phase III to Passive House standards.
Bright Power joined the design team for all three phases of the Linden Boulevard projects, which will serve as comparative case studies, given that the buildings will be similar in size, to highlight the real operational impacts of increased energy efficiency and high performance design practices across the phases.
Linden Boulevard Phase I featured a VRF system and a high efficiency condensing water heater. Bright Power provided Enterprise Green Communities certification and commissioning. Bright Power is also delivering the technical support for this project’s participation in NYSERDA’s Multifamily New Construction Program.
Radson Development expands on the sustainability features in Linden Boulevard Phase I for Linden Boulevard Phase II, a first round Buildings of Excellence award-winner. Radson Development is using the Buildings of Excellence award to install heat pump water heaters and will work with Bright Power to provide commissioning and high-performance building consulting. The latter two will ensure that the heat pump water heaters are installed and working as designed. Heat pump water heaters provide premium comfort for tenants while controlling utility costs and are a key technology in electrifying buildings.
At The Rise, Xenolith Partners will use the award with Bright Power, Magnusson Architecture and Planning PC and Dagher Engineering to build a Passive House certified, all-electric building. The Rise will feature heat pump water heaters for domestic hot water, VRF heat pumps for heating and cooling, energy recovery ventilation, solar PV for on-site electricity generation, and green roofs and walls. Bright Power is providing Passive House consulting and certification services, Enterprise Green Communities certification services, and solar consulting and design services.
“Xenolith is thrilled to receive this BOE and Design Excellence award for The Rise, and to be collaborating with an exceptional team, including Bright Power, MAP and Dagher, to deliver our second Passive House project. The Rise will promote health equity and advance sustainable affordable and supportive housing for justice-involved individuals and their families in the Brownsville community. We are grateful for NYSERDA’s recognition and support in achieving these goals,” said Chris Lebron of Xenolith Partners.
At Bethany Terraces Senior Houses, RiseBoro Community Partnership, Inc. will use the award with Bright Power, Paul A. Castrucci Architects PLLC and Zero Energy Designs to build an all-electric building built to Passive House standards. With a Passive House design, Bethany Terraces Senior Houses will provide future residents with superior comfort while keeping operations costs low. Bright Power will serve as the Passive Houses Verifier and expects to deliver the technical support for this project’s participation in NYSERDA’s New Construction - Housing Program.
“Bethany Terraces is a continuation of our groundbreaking passive house development and is our first modular project, which will reduce construction costs and time while saving on overall carbon emissions and bringing the project to nearly Net Zero,” said Ryan Cassidy, Director of Sustainability and Construction for RiseBoro Community Partnership, Inc.
“We are thrilled to be a part of these innovative projects and are honored to work with such forward-thinking building owners and developers. Thanks to competitions like the Buildings of Excellence, the real estate industry can see the value and impact of low- and zero-carbon emitting buildings — and share best practices,” said Jeffrey Perlman, Founder and CEO of Bright Power.
NYSERDA President and CEO Doreen M. Harris said, “As we continue to transform buildings across the state to be more energy efficient in support of our transition to a carbon neutral economy, it’s critical to recognize the important role our market partners play in helping us meet our shared climate goals. We congratulate Bright Power on their contributions to five Buildings of Excellence Round Two winning projects and applaud their commitment to creating more sustainable, comfortable and affordable housing opportunities for New Yorkers.”
About Bright Power, Inc.
Bright Power provides strategic energy and water solutions to building owners and operators across the nation. Specializing in multifamily apartment buildings, Bright Power has worked with over 1,900,000 apartments that cover 1,900,000,000 square feet. Bright Power’s energy management solutions include EnergyScoreCards benchmarking software, energy audits, energy procurement, on-site generation, green building design services, turnkey installation of energy improvements and ongoing energy management. For more information, please visit www.brightpower.com.
Media Contact:
Stephanie Driscoll
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Company’s enterprise net retention grows to 125% as project44 lands record number of new enterprise customers, expands its lead in carrier network coverage, and acquires Ocean Insights
CHICAGO--(BUSINESS WIRE)--Today project44, the global leader in supply chain visibility, announced record growth in 2021, achieving 135% in new customer bookings year-over-year and landing more than 50 new accounts within the first quarter of 2021. Part of its first quarter growth also included the acquisition of Ocean Insights in March. Customer adoption in Q1 was also strong, with enterprise retention at 125%, while another 123 people were hired in an aggressive push to expand the company’s footprint in the market. In addition, project44 greatly extended its lead on the carrier network front and launched several new product enhancements that deliver greater supply chain resiliency and open new opportunities for ecosystem partners. With project44, shippers, carriers, and third-party logistics providers can operate more efficiently, mitigate disruptions, and collaborate with each other to more efficiently meet customer demand. Collectively, project44 will enable these platform participants to remove over $2B in transportation costs from their supply chains this year.
“2021 is off to an amazing start for project44, fueled by an increase in demand for real-time visibility and a dramatic rise in our ability to beat our competition in head-to-head deals,” said Jett McCandless, founder and CEO of project44. “Now more than ever, visibility is vital to carriers, shippers, and logistics providers, and our team’s capacity for flawless execution has put p44 in an incredibly strong leadership position."
In addition to the robust growth performance, early 2021 milestones include:
Named Leader in Gartner Magic Quadrant – Gartner named project44 a Leader in the research firm’s first ever Magic Quadrant for Real-Time Transportation Visibility Platforms (RTTVP). Gartner evaluated 14 vendors out of which project44 received the highest placement for its ability to execute and was also recognized for its completeness of vision.
Expanded Carrier Network Coverage – project44 continues to enjoy the largest global carrier network, growing 112% over the last 12 months with over 212,000 active data sharing connections. In January, the company opened a Center of Excellence in Krakow, Poland, to rapidly scale carrier onboarding efforts. At the same time, project44 nearly doubled its global carrier onboarding teams, which includes the support of 16 languages, and added a dedicated customer onboarding function.
Growing Partner Ecosystem – project44 launched air freight tracking, which is now available for all SAP LBN customers, and also partnered with SupplyStack for TMS integration and Time Slot Booking solutions for extended warehouse visibility. These applications yielded new customer wins in North America, Europe, and Asia.
Rapid Team Expansion – Since the beginning of Q1, the project44 team grew exponentially – with 123 more team members in just three months. Several those new hires included women executives, such as Diane Gordon, SVP of Global Customer Success, and Sanida Bratt, SVP of Product Management.
New Products – project44 launched several new products, including: Port Intel, a real-time port congestion aid for shippers; Supplier Visibility, a product that tracks hard-to-track shipments for prepaid supplier freight; and integrated Slot-booking, which merges third party time slot booking capabilities with real-time visibility directly on the p44 platform.
Key Data Insights – In March, Ocean Insights, a project44 company, released its ocean shipment data that provided critical insight into the impact of ongoing delays at major ports, including the catastrophic Suez Canal blockage. The analysis was cited in key publications such as The Financial Times, The Wall Street Journal, Daily Mail, Wired, Bloomberg, RT and more.
To learn more, visit www.project44.com.
About project44
project44 solves some of the world’s most critical logistics challenges by connecting, automating, and providing real-time visibility into global transportation processes. With project44’s cloud-based platform, organizations can increase operational efficiencies, reduce costs, improve shipping performance, and deliver an exceptional, Amazon-like experience to their customers. project44 supports all transportation modes and shipping types, including air, parcel, final-mile, less-than-truckload, volume less-than-truckload, groupage, truckload, rail, intermodal, and ocean. To learn more, visit www.project44.com.
Charlie Ungashick
Chief Marketing Officer
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HOPKINS, Minn.--(BUSINESS WIRE)--Digi International (NASDAQ: DGII, www.digi.com), a leading global provider of Internet of Things (IoT) connectivity products and services, today announced the winners of its Green Tech Customer Innovation Awards. Digi International has created this award to acknowledge and highlight customers that have excelled in the green technology field while offering advanced solutions for environmental issues. Each award winner has utilized Digi solutions to build or deploy technologies supporting a greener world and excelled in environmental stewardship. These companies have shown forward-thinking leadership and innovation in eco-friendly and environmentally safe applications.
Digi has selected the following customers as recipients for the 2021 Green Tech Customer Innovation Awards, in six categories:
“Digi International is proud to recognize these customers as valued partners and congratulates them on their contributions to environmental stewardship and sustainability by utilizing and employing Digi technology,” said Ron Konezny, President and CEO, Digi International. “Our honorees play a pivotal role in supporting the reduction of greenhouse emissions and helping smart cities, communities, and industries to reduce their carbon footprint. Digi International is dedicated to environmental improvements that foster a sustainable future and lead to social and economic improvements in our communities. We applaud these teams for their initiative and drive in supporting a greener world.”
For more information about Digi’s Green Tech initiative visit here.
About Digi International
Digi International (NASDAQ: DGII) is a leading global provider of IoT connectivity products, services and solutions. We help our customers create next-generation connected products and deploy and manage critical communications infrastructures in demanding environments with high levels of security and reliability. Founded in 1985, we’ve helped our customers connect over 100 million things and growing. For more information, visit Digi’s website at www.digi.com.
Peter Ramsay
Global Results Communications
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FRANKLIN, Tenn.--(BUSINESS WIRE)--Eco-Energy, a leading biofuel supply chain company, is pleased to announce that it has started construction on its ethanol distribution facility located in Stockton, California. The facility is scheduled to commence operations in March 2022 and will be the eleventh (11th) ethanol distribution terminal constructed by Eco-Energy over the past decade. The Stockton site will be equipped with 108 tank car offload spots, 6.7 million gallons of dedicated ethanol storage and high-speed truck loading capability. The facility will be accessible by both the Union Pacific Railroad and BNSF Railway and its efficient design will eliminate railroad dwell by releasing tank cars within 24 hours of receipt. With the opening of the Stockton facility—as well as the recently completed Phoenix, Arizona terminal—Eco-Energy’s ethanol terminal platform now spans from coast-to-coast.
“We are excited to finalize the Stockton project and look forward to the start of operations in early 2022. This project again highlights our team’s ability to collaborate, align incentives, and generate clear value-add throughout the supply chain,” says Eco-Energy CEO, Craig Willis. According to Willis, “Northern California is a difficult market to access logistically, and this facility will ensure an efficient supply chain to bring high octane, low carbon, cost-competitive ethanol to the area.”
For questions about this facility, please contact Chadwick Conn with Eco-Energy at (615) 786-0401 or This email address is being protected from spambots. You need JavaScript enabled to view it..
Eco-Energy Distribution Services
Chadwick Conn, 615-786-0401
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DobiMigrate Enables Move of All Operations and Production Workflows, as well as Corporate File Storage, to New Colocation Facility
LEUVEN, Belgium--(BUSINESS WIRE)--#Datadobi--Datadobi, the global leader in unstructured data management software, announced today that Endeavor Energy Resources, L.P. (“Endeavor”), a premier exploration and production (E&P) company, and one of the largest private oil producers in the United States of America, has selected DobiMigrate to enable and accelerate the move of Endeavor’s production workflows to a new, modern colocation facility.
“During my tenure, over the past six and a half years, Endeavor has enjoyed tremendous success and growth. As a result, Endeavor was rapidly outgrowing its current data center, and much of the company’s hardware had reached end-of-life,” said Jim Green, IT Operations Manager for Endeavor. “After careful evaluation of viable alternatives, Endeavor determined a move to a colocation facility would not only provide improved service levels but also meet Endeavor’s goal to modernize its IT infrastructure and capabilities, while meeting its budgetary objectives.”
“The next decision was how to enable the fastest, most accurate move to the new location,” Green continued. “Not long ago, I managed a data migration using a different tool. It took me about a month to move approximately 13 TBs of data. It was not only time consuming, but also very labor intensive in that I had to micro-manage the entire process - from attaching every copy to managing permissions to touching every folder individually, and everything in between. This time, I knew I needed a better solution as I had the added challenge of having considerably more data to move.”
Green’s trusted solutions provider and advisor, Dell, then suggested he consider DobiMigrate. After a careful evaluation, Green found that DobiMigrate would allow him to migrate file or object data between any storage platform, on-premises or between clouds – safely, quickly, easily, and cost effectively. This was critical in that he was moving his entire operations and production workflows, as well as his corporate file storage, to the new colocation facility. His eventual goal is to increase his cloud presence.
Green concluded, “Datadobi’s solution is tailor-made for Endeavor’s needs. It moves everything. I can control the cutover dates. It maintains the permissions and shares, and does the cleanup -- everything I had previously done manually. With DobiMigrate, I will be able to meet my goal to move everything in seven days or less.”
When Endeavor is ready to move any of its data and operations to the cloud, DobiMigrate will enable it to do so seamlessly, while enjoying identical management and protection capabilities. Datadobi’s capabilities around compliance, such as its chain-of-custody verification, was another selling point.
“Endeavor Energy Resources, L.P. recognized that in order to move its disparate unstructured data, including, everything from office documents to highly detailed geological data, DobiMigrate was the solution that satisfied all of its requirements,” said Paul Repice, Vice President of Sales for the Americas, Datadobi. “Now, Jim and his team can get back to enabling and supporting Endeavor’s continued innovation and competitive differentiation that has led to it become a top-tier Midland Basin horizontal operator and one of the largest private oil producers in the United States of America.”
About Endeavor Energy Resources, L.P.
Headquartered in Midland, Texas, Endeavor Energy Resources, L.P. has more than 35 years of experience in the Midland Basin of Texas and over 1,300 valued employees. Holding more than 370,000 net acres primarily in Midland, Martin, Howard, Glasscock, Upton, and Reagan Counties, Texas, Endeavor currently has the second largest land position in the Midland Basin of Texas. In 2016, Endeavor implemented a new horizontal drilling program and has completed more than 350 gross operated horizontal wells with current daily oil production in excess of 130,000 barrels of oil per day. Along with other acreage in the Delaware Basin of Texas and New Mexico and other states, Endeavor has only scratched the surface of its drillable inventory. To learn more, please visit: https://www.endeavorenergylp.com/.
About Datadobi
Datadobi, a global leader in data management and storage software solutions, brings order to unstructured storage environments so that the enterprise can realize the value of their expanding universe of data. Their software allows customers to migrate and protect data while discovering insights and putting them to work for their business. Datadobi takes the pain and risk out of the data storage process and does it exponentially faster than other solutions at the best economic cost point. Founded in 2010, Datadobi is a privately held company headquartered in Leuven, Belgium, with subsidiaries in New York, Melbourne, Dusseldorf, and London. For more information, visit www.datadobi.com, and follow us on Twitter and LinkedIn.
Forward Looking Statements
This release includes statements regarding Endeavor and its operations and business that may contain forward-looking statements within the meaning of United States federal securities laws. Endeavor believes that its expectations and forecasts are based on reasonable assumptions; however, no assurance can be given that such expectations and forecasts will prove to be correct. A number of factors could cause actual results to differ materially from the expectations and forecasts, anticipated results or other forward-looking information expressed in this release, including risks and uncertainties regarding future results, capital expenditures, liquidity and financial market conditions, sufficiency of cash from operations, adverse market conditions and governmental regulations.
PR Contacts:
Nicole Gorman
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M: 508-397-0131
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Lacy Sperry
Director of Communications
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432-262-4061
WATCHUNG, N.J.--(BUSINESS WIRE)--#BatteryEnergyStorageSystem--Power Edison, the leading developer and provider of utility-scale mobile energy storage solutions, has been contracted by a major U.S. utility to deliver the system this year. At more than three megawatts (3MW) and twelve megawatt-hours (12MWh) of capacity, it will be the world’s largest mobile battery energy storage system.
“We’re engaged with industry-leading utilities on mobile storage, developing techno-economic analyses, advanced engineered solutions, utility filings and commercial deployments,” said Shihab Kuran, Ph.D., CEO of Power Edison. “Mobile and flexible solutions provide higher reliability and unlock additional benefits for electric utilities, enabling them to make prudent investments on behalf of their ratepayers.”
Utilities are increasingly confronted with grid stresses and constraints. To meet these dynamic challenges, Power Edison has developed robust utility-grade battery storage solutions – with cutting-edge technology that provide reliability when it’s needed and where it’s needed. Power Edison’s engineered solutions incorporate best of breed batteries, inverters, switchgear, safety equipment, mobile transportation platforms and state-of-the-art software for battery, energy and fleet management. Energy storage has key reliability and economic applications for electric utilities and the commercial and industrial sectors. This includes grid resiliency, demand management, renewables integration, EV charging support and backup power.
Power Edison has also developed barge-based batteries that are at the core of its marine-based solutions. The initial set of its 500MWh+ development pipeline is going through final permitting and about to start construction. Power Edison’s barge fleet bring grid storage to key locations where land is at a premium or not available.
“Power Edison has key industry partnerships and a broad solutions portfolio that includes energy storage, solar energy, EV charging, fuel cells and hydrogen,” added Kuran. “We are experiencing strong traction with customers and with investors who are looking to deploy our solutions and leverage our industry expertise.”
“We have developed a full range of innovative, patent-pending solutions offering industry-leading features such as enhanced cybersecurity, ‘plug-and-play’ integration and modularity,” said Yazan Harasis, Director of Projects at Power Edison. “Our software provides asset owners and operators a unified control platform for the various technology assets.”
Power Edison is led by industry veterans with experience in power generation, transmission, distribution, power conversion and smart grid. Power Edison is expanding its team and hiring to further support its growth.
About Power Edison
Power Edison is a leading developer and provider of renewable energy solutions. The company’s proprietary technology offerings include patent-pending hardware and software for land and marine based Battery Energy Storage Systems (BESS) and for Electric Vehicle (EV) charging infrastructure. Power Edison development portfolio includes energy storage, solar energy, EV charging, fuel cells and hydrogen. Power Edison has a development and sales pipeline of over 1GWh of battery storage projects.
Susan DeVico
(415) 235-8758
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