BOSTON--(BUSINESS WIRE)--Today, Dr. Vasilis Gregoriou, Chairman and CEO of Advent Technologies Holdings, Inc. (NASDAQ: ADN) (“Advent”), released the following statement commenting on the American Jobs Plan, which was announced on March 31, 2021 by U.S. President Joe Biden.

“Advent Technologies welcomes President Biden’s American Jobs Plan, specifically the country clearly articulating its deepened support for clean energy and stating a goal of 100 percent clean power by 2035.

We also believe that the proposed $174 billion investment towards the EV market is an incredible step in the right direction. The complete electrification of the mobility industry demands that fuel cells, hydrogen, renewable fuels, and batteries work as complementary solutions depending on the application. The American Jobs Plan focus on direct air capture also makes it more likely that synthetic E-fuels can be created in scale and be used in hard to decarbonize applications.

At Advent, we produce fuel cells that convert hydrogen and other renewable fuels to electricity. These technologies will be essential for realizing the goal of 100 percent clean power. Many hard to decarbonize industrial and mobility applications such as combined heat and power, grid and microgrid-level energy storage, aviation, shipping, heavy duty automotive and off-grid applications require zero-emissions fuels such as hydrogen and cannot rely completely on batteries – opening new opportunities for industrial use of hydrogen and fuel cells.

Consequently, it is key that the U.S. increase the private and public sector joint efforts in next-generation fuel cell technology. Advent has recently announced a series of initiatives that will help achieve this goal, including:

• Advent’s new 21,401-square-foot Product Development & Manufacturing Facility in Charlestown, MA;
• A Joint Collaboration with the U.S. Department of Energy (DoE) for Next-Generation Fuel Cell Technology;
• The Sponsorship of a Program at Northeastern University to Develop Materials for the Low-Cost Production of Hydrogen;
• UltraCell by Advent’s Wearable Fuel Cell, which was Selected by the U.S. Department of Defense (DoD) for the DoD’s 2021 Validation Program.

We look forward to an accelerated energy transition in the U.S. under President Biden’s leadership; and we remain committed to actively playing our role in decarbonizing the world.”

About Advent Technologies Holdings, Inc.

Advent Technologies Holdings, Inc. is an American corporation that develops, manufactures, and assembles critical components for fuel cells and advanced energy systems in the renewable energy sector. Advent is headquartered in Boston, Massachusetts, with offices in the San Francisco Bay Area and Europe. With 120-plus patents (issued and pending) for its fuel cell technology, Advent holds the IP for next-gen high-temperature proton exchange membranes (HT-PEM) that enable various fuels to function at high temperatures under extreme conditions – offering a flexible ‘Any Fuel. Anywhere’ option for the automotive, maritime, aviation and power generation sectors. www.advent.energy

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• XPeng P5 customers to enjoy free charging, further popularizing smart EV
• Third production model boasts strongest autonomous driving architecture in its class
• Navigation-guided autonomous driving to extend from highways to city roads

SHANGHAI--(BUSINESS WIRE)--$XPEV #Xpeng--XPeng Motors (NYSE: XPEV) today exhibited and kicked off pre-orders for its third production model, the XPeng P5, the world’s first production smart EV equipped with automotive-grade LiDAR technology.

Showcased at the 2021 International Automotive Exhibition in Shanghai today, the P5 family-friendly sedan joins XPeng’s P7 sports sedan and G3 compact SUV to offer a full suite of mobility solutions to customers in China. The P5 builds on the previous models not only in its best-in-class autonomous driving functionality, but also in its third generation tech-enabled smart cockpit features, envisioning the car as a third living space to complement home space and work space.

“We persist in exploring because we are convinced that technology will enrich our lifestyles and bring about a great mobility transformation,” Chairman and CEO Mr. He Xiaopeng said at the press conference. “We believe in the future of autonomous driving, and remain committed to it. Transportation has immense influence on our daily lives and technology is empowering our life choices and propelling a fundamental revolution in mobility.”

NGP autonomous driving – from highways to cities

The P5 will bring Navigation Guided Pilot (NGP) capabilities to city roads for the first time in a production vehicle, powered by XPeng’s full-stack in-house developed autonomous driving system XPILOT 3.5 – the strongest autonomous driving architecture in its class. The new architecture comprises 32 perception sensors (including 2 LiDAR units, 12 ultrasonic sensors, 5 millimeter-wave radars, and 13 high-definition cameras) and 1 high-precision positioning unit (GNSS + IMU), integrated into 360° dual-perception fusion to handle challenging and complex road conditions.

With its double-prism LiDAR units, the P5 can distinguish pedestrians, cyclists and scooters, static obstacles, and road works, and extend the NGP function from highways to city driving, dealing with cutting-in, automatic following and speed limit optimization on urban roads, traffic lights and small objects.

“The P5 realizes our vision of navigation-assisted autonomous driving, aiming to liberate the driver’s concentration and effort from the drudgery of manual driving,” Chairman He continued. “We seek to enable autonomous driving in all weathers and in the most challenging driving conditions.”

Third generation cockpit, third space

This third generation smart EV also brings to customers a 3^rd generation cockpit with a new level of rich and customizable features – a third space extension to home and office, enabled by all-voice assistance and powerful connectivity. The P5’s Xmart OS 3.0, the latest generation of XPeng’s in-car operation system, supports full-scenario all-voice interaction. The P5 is also the first vehicle in its class to deploy Qualcomm’s Snapdragon flagship SA8155P auto-grade computing platform, 3 times more powerful than the previous generation.

The P5’s interior space is the largest among A+ category sedans. Pioneering the third-generation smart cockpit, the P5 boasts fully-reclining front seat design, optimizing interior space to create a comfortable sleep mode. For a private screening experience, cinema mode is also available through the optional full-width projection screen, with karaoke and multimedia entertainment options. Additional comfort and lifestyle features include a capacious 18L refrigerator, and full 220v power for accessories and third-party devices.

P5 delivery expected 4Q 2021

XPeng P5 is expected to start delivery in the fourth quarter of 2021 with reservations starting on 19 April. Early bird customers will be entitled for lifetime free charging and supercharging services.

The P5 will bring a whole new level of lifestyle experience for our customers in conjunction with a whole range of new possibilities in mobility.

Traveler X1 flying vehicle, a future mobility pioneer

Also showcased at the Shanghai Auto Show is the Traveler X1, the latest innovation in personal manned flying vehicle by the XPeng Heitech brand. In its eight years of development, the airborne vehicle technology has already gone through four technical iterations of three models, accumulating over 15,000 safe manned flights. It takes XPeng’s commitment to expanding the boundaries of mobility into a new dimension.

The Traveler X1 is currently intended mainly for scenarios such as personal aerial flights, emergency rescue, and aerial sightseeing. Energized by its commitment to innovation and intelligence-led development, XPeng will continue to explore new possibilities in mobility, and to expand the range of transportation possibilities in multiple dimensions.

“Our multi-dimensional approach to innovation demonstrates our readiness to break the traditional limits of driving and transportation, and create new solutions,” Chairman He concluded. “Our new generation of intelligent vehicles and our superlative intelligent driving architecture are the bases for the next cycle of innovation, promising even more exciting developments ahead.”

For the P5 images and video: XPeng P5 Google Drive

About XPeng

XPeng Inc. is a leading Chinese smart electric vehicle company that designs, develops, manufactures, and markets Smart EVs that appeal to the large and growing base of technology-savvy middle-class consumers in China. Its mission is to drive Smart EV transformation with technology and data, shaping the mobility experience of the future. In order to optimize its customers’ mobility experience, XPeng develops in-house its full-stack autonomous driving technology and in-car intelligent operating system, as well as core vehicle systems including powertrain and the electrification/electronic architecture. XPeng is headquartered in Guangzhou, China, with offices in Beijing, Shanghai, Silicon Valley, and San Diego. The Company’s Smart EVs are manufactured at plants in Zhaoqing and Zhengzhou, located in Guangdong and Henan provinces, respectively. For more information, please visit https://en.xiaopeng.com.

For Media Enquiries:
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CarbonCure selected as most scalable breakthrough technology to convert CO2 emissions into useable products.

HALIFAX, Nova Scotia--(BUSINESS WIRE)--CarbonCure Technologies, a Canadian company that develops clean tech solutions for the concrete industry, has been named one of two winners in the USD $20 million NRG COSIA Carbon XPRIZE. Each winner takes home a USD $7.5 million grand prize.

The NRG COSIA Carbon XPRIZE is a global competition that took place in three rounds over 54 months. It challenged participants to develop breakthrough technologies to convert carbon dioxide (CO₂) emissions into usable products — with the ultimate goal of tackling climate change. CarbonCure became one of 38 shortlisted contenders for the Carbon XPRIZE in 2015 and in 2020 completed its final technology demonstration in Alberta, Canada.

“Climate change can seem like an insurmountable challenge. Team CarbonCure and our fellow Carbon XPRIZE contenders have demonstrated that the challenge is surmountable and that we have the solutions available today to create meaningful change,” said Jennifer Wagner, CarbonCure President and leader of Team CarbonCure. “The prize money will be used to accelerate our path to our mission of reducing 500 million tonnes of carbon emissions annually by 2030. We’re also committing to build an XPRIZE legacy by investing a portion of the prize funds into social equity initiatives.”

CarbonCure’s XPRIZE project aimed to decarbonize the carbon-intensive process of concrete production. The almost five-year competition showcased the portfolio of CarbonCure’s technologies, in addition to completing the world’s first integrated CO₂ capture project from cement kiln emissions with beneficial reuse in concrete production. The final round introduced CarbonCure’s newest commercial technology focused on carbonating reclaimed water — the wastewater generated at concrete plants — to enable the production of concrete with a reduced water, cement, and carbon intensity.

“Buildings are the source of 40 percent of the world’s annual greenhouse gas emissions. The world’s building stock is expected to double by 2060 so it’s vital that solutions like CarbonCure’s scale quickly,” said Marcius Extavour Executive Director of the Carbon XPRIZE and VP of Climate and Energy for the XPRIZE Foundation. “CarbonCure’s solution for the concrete industry exemplifies XPRIZE’s ideal innovation — it is effective, commercially viable, and scalable — and it can make a real difference to climate change today.”

The use of CO₂ in concrete is expected to become a USD $400 billion market opportunity so solutions like CarbonCure’s are both very timely to respond to climate targets and represent an attractive economic opportunity for heavy industry.

CarbonCure was established in Nova Scotia, Canada, in 2012 and its innovative concrete solution is now used in more than 300 concrete plants around the world. To date, producers have supplied nearly 10 million cubic yards of CarbonCure concrete to a wide range of project types. The company is on a mission to reduce embodied carbon in the built environment by 500 million tonnes annually by 2030.

“Governments are setting net-zero emissions targets, yet embarking on once-in-a-generation infrastructure renewal projects to restart the economy. Canadian companies like CarbonCure are helping the global construction industry with the critical challenge of managing embodied CO₂ in building and infrastructure projects, by turning concrete into a climate solution,” said Catherine McKenna, Minister of Infrastructure and Communities in the Government of Canada. “Winning the Carbon XPRIZE demonstrates CarbonCure’s world-leading position as a negative emission and low-carbon concrete solution.”

Learn more about CarbonCure and the other NRG COSIA Carbon XPRIZE participants at carbon.xprize.org. See here for a media kit with additional resources.

About CarbonCure

Architects, structural engineers, owners and developers are seeking proven ways to reduce the embodied carbon of their building projects. Recognizing concrete as a solution, CarbonCure Technologies, a fast-growing, clean tech company, has developed an easy-to-adopt technology that enables concrete producers to use captured carbon dioxide to produce reliable, low-carbon concrete mixes and achieve market differentiation. Available from hundreds of concrete plants, more than one million truckloads of CarbonCure-based mixes have supplied a wide range of sustainable construction projects around the world. CarbonCure’s investors include Breakthrough Energy Ventures, Amazon, BDC Capital, Pangaea, Microsoft, 2150, Carbon Direct, GreenSoil Investments, Taronga Group, and Mitsubishi Corporation.

About XPRIZE

XPRIZE, a 501(c)(3) nonprofit organization, is the global leader in designing and implementing innovative competition models to solve the world’s grandest challenges. Active competitions include the $20 Million NRG COSIA Carbon XPRIZE, the $10 Million Rainforest XPRIZE, the $10 Million ANA Avatar XPRIZE, the $5 Million IBM Watson AI XPRIZE, $5 Million XPRIZE Rapid Reskilling, $5 Million XPRIZE Rapid COVID Testing, and $500K Pandemic Response Challenge. For more information, visit xprize.org.

About NRG

NRG is the leading integrated power company in the U.S., built on the strength of our diverse competitive electric generation portfolio and leading retail electricity platform. A Fortune 500 company, NRG creates value through best in class operations, reliable and efficient electric generation, and a retail platform serving residential and commercial businesses. Working with electricity customers, large and small, we implement sustainable solutions for producing and managing energy, developing smarter energy choices and delivering exceptional service as our retail electricity providers serve almost three million residential and commercial customers throughout the country. More information is available at www.nrg.com. Connect with NRG Energy on Facebook and follow us on Twitter @nrgenergy.

About COSIA

Canada’s Oil Sands Innovation Alliance (COSIA) is a unique alliance of oil sands producers focused on accelerating environmental performance in Canada’s oil sands. COSIA enables collaboration and innovation between big thinkers from industry, government, academia and the wider public to improve measurement, accountability and performance in the oil sands across our environmental priority areas of greenhouse gases, land, water and tailings. COSIA members search the world for solutions to our toughest problems. And we have some of the best minds on the planet working on technologies to enable responsible and sustainable development. To date, COSIA has shared 981 distinct environmental technologies and innovations that cost over $1.4 billion to develop. Visit us at www.cosia.ca.

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Focus on employment of women and underrepresented talent ensures ongoing effectiveness of human capital management practices as part of Environmental, Social and Governance (ESG) efforts

DAVIDSON, N.C.--(BUSINESS WIRE)--Ingersoll Rand Inc., a global provider of mission-critical flow creation and industrial solutions, further advances its environmental, social and governance (ESG) journey with the launch of 2025 diversity, equity and inclusion (DE&I) goals. Ingersoll Rand will increase the hiring and retention of women and underrepresented talent; bolster growth and equal opportunity actions, and increase employees’ sense of belonging, among other opportunities to advance DE&I initiatives.

“I am proud our value of fostering inspired teams is driving a culture that cultivates a sense of belonging, empowerment and respect for employees across the globe,” said Vicente Reynal, Ingersoll Rand CEO. “I also recognize this is hard work and will take time. We continue to leverage the Ingersoll Rand Execution Excellence (IRX) IDM process to accelerate our DE&I growth objectives, as we do every other critical initiative in our company. We’re bringing the same intentionality and thoughtfulness to our culture that we bring to every other important part of our business, to ensure everyone can bring their most talented selves to work.”

Ingersoll Rand commits to making a positive impact on our shared planet with these 2025 diversity, equity and inclusion goals:

• Representation: Increase Diversity of Talent
  • Increase under-represented talent in the U.S. workforce to at least 30%
  • Increase global employment of women to at least 25%

• Advancement: Navigate Career Paths
  • Increase “growth” and “equal opportunity” on employee engagement survey to top percentile ranking among all companies

• Experience: Foster a Sense of Belonging
  • Increase “belonging” on employee engagement survey to top percentile ranking among all companies
  • Build networks, mentoring and sponsorships 

A participant in the CEO Action for Diversity & Inclusion pledge since 2019, Ingersoll Rand’s Board of Director members are 50% diverse in gender or ethnicity, and executive management team is more than 40% ethnic diversity, including Indian, Hispanic and Middle Eastern. In 2020, the company introduced its powerful initiative called “Lean into Change” where employees from across the company participated in culturally sensitive conversations with trust and transparency. Profiles in Diversity Journal recognized this Ingersoll Rand initiative with a Top 10 Innovations in Diversity Award.

“We know a company culture of belonging correlates with more positive career outcomes and heightened customer satisfaction and growth,” said Jenny Clemente, global director of Diversity, Equity and Inclusion at Ingersoll Rand. “To ensure that culture takes root, we strive to engage everyone in our efforts to build stronger global connections, advocate for positive change and pursue a more inclusive culture that sparks innovation, creativity and engagement from our employees.”

The company will drive accountability and progress through IRX, and provide transparency on progress through its annual Sustainability Report. Ingersoll Rand’s 2020 Sustainability Report is scheduled to be released in May 2021. For more information about Ingersoll Rand inclusion groups and DE&I information, please visit: https://www.irco.com/en-us/company/at-our-core/diversity-and-inclusion.

About Ingersoll Rand Inc.

Ingersoll Rand Inc. (NYSE:IR), driven by an entrepreneurial spirit and ownership mindset, is dedicated to helping make life better for our employees, customers and communities. Customers lean on us for our technology-driven excellence in mission-critical flow creation and industrial solutions across 40+ respected brands where our products and services excel in the most complex and harsh conditions. Our employees develop customers for life through their daily commitment to expertise, productivity and efficiency. For more information, visit www.IRCO.com.

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 Former BMW and Deutsche Bank CFO brings decades of international business experience to the California-based 3D printing startup ahead of its public market debut

CAMPBELL, Calif.--(BUSINESS WIRE)--VELO^3D Inc., a leader in additive manufacturing (AM) for high-value metal parts, today announced the appointment of renowned business leader Stefan Krause to the company’s board of directors as audit committee chair.

With more than 30 years of experience working at some of the most recognizable and successful companies in the world, Krause has built a singular career that previously included a chief financial officer (CFO) role at BMW – where he was the youngest ever to hold the position and a member of the management board. Krause then took on a similar role at Deutsche Bank, earning himself a reputation as one of the world’s top CFOs. He also previously served as chairman of Rolls Royce Motorcars, Postbank AG and BHF Bank. He has been in the supervisory boards of Rocket Internet and Allianz AG.

Krause has also been involved with multiple startups during his career and has been CEO and co-founder of electric vehicle maker Canoo.

“Stefan’s international business background, his expertise in branding and go-to-market strategy and his deep experience managing public companies make him a welcome and valuable addition to our board as VELO^3D prepares for life as a public company,” said Benny Buller, founder and CEO, VELO^3D. “His presence will help VELO^3D continue our accelerated growth at scale and speed adoption of our full-stack metal AM solution, freeing the most imaginative engineers on the planet to build the impossible.”

Last month VELO^3D announced plans to merge with JAWS Spitfire Acquisition Corporation (NYSE: SPFR) and become a public company.

The company also previously announced a U.S.-wide distribution partnership with GoEngineer, and has said it plans to expand commercial operations in Europe, while establishing strategic partnerships in both Europe and Asia, demonstrating the company’s focus on supporting visionary aviation, energy, space and industrial customers all over the world. Current customers include Chromalloy, Honeywell, Lam Research, and Primus Aerospace.

“With truly unique capabilities setting it apart from others in the AM space, VELO^3D is actually delivering on 3D printing’s previously unfulfilled promise of innovation and design freedom,” said Krause. “This is due to a relentless focus on pushing the limits of manufacturing technology and helping customers design and build the parts they need without compromise. I’m looking forward to working with Benny and the team to help companies become more agile and innovate faster.”

Earlier this year VELO^3D was named to Fast Company’s 2021 list of the world’s most innovative companies, among the top ranked in the manufacturing category for their profound impact on the 3D printing industry.

To learn more about how VELO^3D empowers engineers and designers to imagine more, and additively manufacture nearly anything, follow VELO^3D on LinkedIn or visit Velo3D.com.

About VELO^3D

VELO^3D empowers companies to imagine more and additively manufacture nearly anything. Bringing together an integrated, end-to-end solution of software, hardware, and process-control innovation, VELO^3D’s technology for 3D metal printing delivers unparalleled quality control for serial production and enhanced part performance. With VELO^3D Flow™ print preparation software, Sapphire® laser powder bed AM system and Assure™ quality assurance software, manufacturers can accelerate product innovation, become more agile and responsive to market needs and reduce costs. First in the industry to introduce SupportFree metal 3D printing, which allows for the manufacture of previously impossible geometries, the company is based in Silicon Valley and is privately funded. VELO^3D was named to Fast Company’s prestigious annual list of the World’s Most Innovative Companies for 2021. For more information, follow on LinkedIn or visit Velo3D.com.

VELO^3D:
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CHICAGO--(BUSINESS WIRE)--In order to sustain improved reliability for families and businesses in the face of more frequent and severe storms and support Illinois’ transition to 100 percent clean and renewable energy, ComEd today requested an increase of $51 million in electricity distribution charges in 2022, which would add 20 cents to the average monthly bill for residential customers.

This year’s Formula Rate Update filing marks ComEd’s first request for a distribution rate increase in four years. It begins an eight-month process during which the Illinois Commerce Commission (ICC), Illinois Attorney General, Citizens Utility Board and others will review ComEd’s actual costs for 2020 and expected investments for 2021. All capital expenditures and costs must be found to be prudent and reasonable before being included in customer rates that take effect in January 2022, subject to approval by the ICC.

“Making the power grid more resilient to severe storms, able to charge fleets of electric vehicles and maintain superior reliability as we bring more renewable energy onto the system requires thoughtful investment,” said ComEd CEO Joe Dominguez. “The cost of not making these investments is far greater. We’ve seen severe weather events in the last nine months lead to catastrophic grid failures in California and Texas. Last August, we restored power to more than half a million customers within 24 hours, record time, following the unprecedented derecho storm and 13 tornadoes that hit our region. If not for the smart grid investments we’ve made, that storm would have caused nearly twice as many interruptions and restoration would have taken two weeks, as it did in parts of Iowa that were hit by the same storm.”

ComEd’s investments to improve grid reliability and performance create jobs and drive economic investment, including creating opportunities for diverse suppliers in local communities. A report to the ICC this week shows ComEd spent a record $894 million – or 42 percent of its total supplier spend – with minority- and woman-owned businesses in 2020, bringing its total spend with diversity-certified suppliers to $5.5 billion since 2012.

ComEd’s distribution rate increase of about 20 cents per month will support investments to expand access to clean energy through private and community solar and support the growing demand among motorists and fleet vehicle managers for electric vehicles. The utility is also in a multi-year program to increase customer savings through Voltage Optimization technology, which is creating up to 2 percent in annual energy savings for an average customer. Investments are also being made in advanced communications and wireless technology to enable an array of smart city technologies that monitor air quality, traffic and parking; as well as smart streetlights, flooding detection, and intelligent waste management.

ComEd also submitted today to the Federal Energy Regulatory Commission (FERC) a Formula Rate Update request calling for a monthly increase of about 70 cents for transmission services, which are included in customers’ electricity supply charges. The increase reflects costs of expanding power capacity to meet the needs of towns and cities, support highway construction, as well as wind and solar development. Demand for new transmission capacity is also driven by a growing data center sector, which places a high priority on ComEd’s reliability performance, competitive electric rates and access to 100 percent renewable energy sources through the competitive market in Illinois.

If approved, the increase in distribution and the transmission services charge would bring the total average monthly bill for ComEd residential customers to about $83, which would be lower than customer bills in 2008. This includes a net increase of about 70 cents for energy supply based on the spring energy procurement that was approved by the ICC on April 9.

ComEd’s average residential rates are 17 percent lower than rates in the 10 largest U.S. metropolitan areas according to the most recent survey by the Edison Electric Institute. ComEd’s average commercial rates are 18 percent lower than rates in the top 20 largest U.S. metropolitan areas. ComEd’s energy efficiency program has helped, saving customers more than $5.3 billion on energy bills since 2008. Total bills include energy supply, which accounts for almost half of the monthly bill, and ComEd passes these costs along to customers without profit or markup.

Recognizing that many Illinois families continue to be adversely affected by economic challenges resulting from the COVID-19 pandemic, ComEd recently increased financial assistance funding by $9 million with the approval of the ICC to help customers regain their financial footing. ComEd increased the amount of funds available to provide more one-time bill credits of up to $500, until funds were exhausted. Credits were available to eligible residential customers who had outstanding balances or were looking to reconnect their electric service. Through June 30, 2021 ComEd offers extended payment arrangements, which allow eligible customers facing financial hardship to spread outstanding balances over 18 monthly installments with no money down. All other eligible residential customers with outstanding balances can enroll in an 18-month payment plan with a 10-percent down payment through June 30, 2021.

ComEd is a unit of Chicago-based Exelon Corporation (NASDAQ: EXC), a Fortune 100 energy company with approximately 10 million electricity and natural gas customers – the largest number of customers in the U.S. ComEd powers the lives of more than 4 million customers across northern Illinois, or 70 percent of the state’s population. For more information visit ComEd.com and connect with the company on Facebook, Twitter, Instagram and YouTube.

ComEd Media Relations
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First major deployment of the OSDU™ Data Platform will streamline strategy planning for Equinor

LONDON--(BUSINESS WIRE)--Regulatory News:

Schlumberger and Equinor announced today a strategic project, in collaboration with Microsoft, to deploy the DELFI* cognitive E&P environment, with seamless integration to the OSDU Data Platform—the industry’s new data standard. This project aims to accelerate Equinor’s ability to integrate data at scale and improve decision making.

“We are pleased to be working with Equinor and Microsoft to facilitate enhanced resource discovery through this first deployment of the newly-released OSDU Data Platform fully integrated with DELFI,” said Rajeev Sonthalia, president, Digital & Integration, Schlumberger. “This provides a single, unified landscape with seamless access to data that enables the industry to rapidly run AI and data-driven workflows, creating a game-changing increase in efficiency.”

The OSDU-enabled solution will be embedded as a key part of Equinor’s Microsoft Azure enterprise-wide data platform, OMNIA. This will establish consistent data standards across the subsurface to enhance overall decision making.

The strategic project will leverage the DELFI Petrotechnical Suite, the ExplorePlan* accelerated exploration planning solution (co-developed between Schlumberger and Equinor), and data science solutions from Schlumberger. These solutions improve collaboration and insights, enabling geoscientists to make informed decisions through enhanced subsurface understanding and prospect de-risking.

“We’re excited to champion OSDU as the industry standard platform that integrates our data into the DELFI environment,” said Lisa Rebora, senior vice president of Exploration Excellence, Equinor. “Our collaboration with Schlumberger in the co-creation of ExplorePlan will enable our geoscientists to draw more insights and generate more ideas and opportunities through access to a wealth of data at their fingertips. In this next important phase during 2021, we will deploy ExplorePlan to our geoscientists, connecting seamlessly to our OSDU-enabled OMNIA data platform.”

About Schlumberger

Schlumberger (SLB: NYSE) is a technology company that partners with customers to access energy. Our people, representing over 160 nationalities, are providing leading digital solutions and deploying innovative technologies to enable performance and sustainability for the global energy industry. With expertise in more than 120 countries, we collaborate to create technology that unlocks access to energy for the benefit of all.

Find out more at www.slb.com.

Cautionary Statement Regarding Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the U.S. federal securities laws — that is, statements about the future, not about past events. Such statements often contain words such as “expect,” “may,” “can,” “estimate,” “intend,” “anticipate,” “will,” “potential,” “projected" and other similar words. Forward-looking statements address matters that are, to varying degrees, uncertain, such as forecasts or expectations regarding the deployment of, or anticipated benefits of, digital technologies. These statements are subject to risks and uncertainties, including, but not limited to, the inability to recognize intended benefits from digital strategies, initiatives or partnerships; and other risks and uncertainties detailed in our most recent Forms 10-K, 10-Q and 8-K filed with or furnished to the U.S. Securities and Exchange Commission. If one or more of these or other risks or uncertainties materialize (or the consequences of such a development changes), or should underlying assumptions prove incorrect, actual outcomes may vary materially from those reflected in our forward-looking statements. Statements in this press release are made as of the date of this release, and Schlumberger disclaims any intention or obligation to update publicly or revise such statements, whether as a result of new information, future events, or otherwise.

*Mark of Schlumberger

Giles Powell – Director of Corporate Communication, Schlumberger Limited
Tel: +1 (713) 375-3494
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PORT FOURCHON, La.--(BUSINESS WIRE)--One person is dead, and 12 people are missing after the Seacor Power commercial lift boat capsized during severe weather conditions on Tuesday afternoon. Nineteen employees and contractors were on board. According to the U.S. Coast Guard, at least six people were rescued and transported to safety.

The 129-ft lift-boat is used for offshore oil and gas exploration and can carry more than 40,000 gallons of fuel oil. It capsized about 8 miles offshore, just south of Port Fourchon, Louisiana, 20 miles west of the closest U.S. Coast Guard station in Grand Isle.

Houston-based personal injury law firm Williams Hart Boundas Easterby, LLP expects the vessel’s owner and operator, SEACOR Marine, LLC., to mount a defense under the Limitation of Shipholders’ Liability Act, which would allow the vessel owner to limit the rights and remedies available to the victims and their families.

Williams Hart Law Firm’s experienced Maritime Law & Jones Act attorneys have built a reputation for successfully navigating complex offshore injury claims since 1983. Founding partner John Eddie Williams’ father and grandfather were both union longshoremen, and he is a strong advocate of workers’ rights. Our experienced Maritime Trial Lawyers are prepared to help offshore workers and their families pursue compensation for injuries and wrongful death.

Call 713-230-2200 today to schedule a 100% FREE case evaluation.

If you or a loved one were a victim of the Seacor Power capsize disaster, our legal team is ready to fight for the justice you deserve. Williams Hart has represented individuals and families in wrongful death and personal injury cases involving maritime vessels and offshore oil rigs for four decades.

Do not sign an agreement with any insurance representative of the company, your employer, or any other corporation until you contact a Maritime & Jones Act lawyer.

Williams Hart Boundas Easterby, LLP
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713-230-2200

HOUSTON--(BUSINESS WIRE)--SilverBow Resources, Inc. (NYSE: SBOW) (“SilverBow” or “the Company”) today provided an operational and financial update including the successful extension of its senior secured revolving credit facility (the “Credit Facility”).

Operational Update:

• SilverBow’s first Webb County Austin Chalk well, which came online in February, continues to outperform expectations. This successful test further delineates the extent of the Dorado Austin Chalk play. The initial well produced an average of 12.9 million cubic feet of natural gas per day (“MMcf/d”) in the first 30 days of production, with a lateral length of 8,300 feet and an all-in well cost¹ of approximately $6 million. SilverBow plans to further appraise its Austin Chalk potential across its acreage position during 2021;
• The Company’s second six-well, co-developed Upper and Lower Eagle Ford La Mesa pad came online in March and achieved a peak pad production rate of 90 MMcf/d. Performance is in-line with expectations as well as prior pad results. Drilling cycle times decreased by 10% compared to the first La Mesa pad, which came online in late 2019. Total capital expenditures of approximately $5.5 million per well for the second La Mesa pad were 13% below AFE amounts and 15% below the first pad; and
• Expects first quarter 2021 production to be approximately 180 million cubic feet of natural gas equivalent per day (“MMcfe/d”), above the high end of guidance.

Financial Update:

• Extended the maturity of SilverBow’s $600 million Credit Facility, governed by a borrowing base of $300 million, to April 2024;
• Realized oil price for first quarter of 2021 of $42.74 per barrel and realized gas price for first quarter of 2021 of $4.97 per million British thermal units (“MMBtu”), including hedge settlements;
• Expects positive first quarter 2021 free cash flow (“FCF”)² and full year 2021 FCF towards the high end of its $20-$40 million guidance range;
• Anticipates leverage ratio³ improving to 2.0x or below by year-end 2021; and
• Reduced credit facility borrowings to $200 million at March 31, 2021, a $30 million (13%) reduction quarter-over-quarter and a $90 million (30%) reduction year-over-year.

MANAGEMENT COMMENTS

Sean Woolverton, SilverBow’s Chief Executive Officer, commented, “During the first quarter, we paid down an additional $30 million of debt by continuing to prioritize our free cash flow towards debt reduction, and expect our full year 2021 free cash flow towards the high end of our $20-$40 million guidance range. By the end of this year, we are targeting a debt-to-Adjusted EBITDA ratio at or below 2.0x. Our strong operating results generated free cash flow for the quarter, marking six out of the last seven quarters with positive free cash flow. Furthermore, early results from our first Austin Chalk well are very encouraging, setting up the potential to add more locations to our high rate of return drilling inventory. We see a path to $5.5 million or less from multi-well pad development and lessons-learned. Going forward, we expect to remain flexible and continue lowering costs, reducing cycle times, increasing well productivity and driving efficiencies. We look forward to publishing our first quarter 2021 results in the coming weeks.”

Mr. Woolverton stated further, “I am pleased to announce that we successfully renegotiated the terms of our Credit Facility, which extends our debt maturity profile to 2024 and provides us with ample liquidity to execute our business plan. The borrowing base has been set at $300 million, which provides over $100 million in liquidity based on our borrowings and cash as of quarter end. We are very appreciative to have the support of our bank syndicate and look forward to continuing our partnership with them. We remain steadfast in managing our financial position as we prudently grow our production base and create value for all of our stakeholders.”

For further information, please see SilverBow’s current report on Form 8-K filed with the Securities and Exchange Commission (“SEC”) on April 19, 2021. A banking syndicate arranged by JPMorgan Chase Bank will finance the Credit Facility. Other agent titled roles include JPMorgan Chase Bank as Administrative Agent, Truist Securities, Inc., Fifth Third Bank, CIBC, and Key Bank as Co-Syndication Agent and Bank of Oklahoma as Co-Documentation Agent. The Credit Agreement matures on April 19, 2024.

ABOUT SILVERBOW RESOURCES, INC.

SilverBow Resources, Inc. (NYSE: SBOW) is a Houston-based energy company actively engaged in the exploration, development, and production of oil and gas in the Eagle Ford Shale in South Texas. With over 30 years of history operating in South Texas, the Company possesses a significant understanding of regional reservoirs which it leverages to assemble high quality drilling inventory while continuously enhancing its operations to maximize returns on capital invested. For more information, please visit www.sbow.com.

DEFINITIONS AND EXPLANATIONS

¹ Inclusive of all surface facilities and sales connections.

² Free cash flow (a non-GAAP measure) is defined as Adjusted EBITDA plus (less) monetized derivative contracts, cash interest expense, capital expenditures and current income tax (expense) benefit. Adjusted EBITDA is calculated as net income (loss) plus (less) depreciation, depletion and amortization, accretion of asset retirement obligations, interest expense, impairment of oil and natural gas properties, net losses (gains) on commodity derivative contracts, amounts collected (paid) for commodity derivative contracts held to settlement, income tax expense (benefit); and share-based compensation expense. A forward-looking estimate of net income (loss) is not provided with the forward-looking estimate of free cash flow (a non-GAAP measure) because the items necessary to estimate net income (loss) are not accessible or estimable at this time without unreasonable efforts.

³ Leverage ratio is defined as total long-term debt, before unamortized discounts, divided by Adjusted EBITDA for Leverage Ratio (a non-GAAP measure) for the trailing twelve-month period. Adjusted EBITDA for Leverage Ratio is calculated as Adjusted EBITDA plus amortization of derivative contracts, in accordance with the covenant compliance calculations under SilverBow's credit agreement.

FORWARD-LOOKING STATEMENTS

This release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements represent management’s expectations or beliefs concerning future events, and it is possible that the results described in this release will not be achieved. These forward-looking statements are based on current expectations and assumptions and are subject to a number of risks and uncertainties, many of which are beyond our control. All statements, other than historical facts included in this press release, including those regarding our strategy, future operations, financial position, reservoir and well performance, future free cash flow, capital expenditures, budget, projected costs, prospects, plans and objectives are forward-looking statements. When used in this report, the words “could,” “believe,” “anticipate,” “intend,” “estimate,” “guidance,” “budgeted,” “expect,” “may,” “continue,” “predict,” “potential,” “project” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. Important factors that could cause actual results to differ materially from our expectations include, but are not limited to, the risks and uncertainties discussed in the Company’s reports filed with the Securities and Exchange Commission (“SEC”), including its Annual Report on Form 10-K for the year ended December 31, 2020. Estimated results for the completed period provided herein are preliminary and subject to change until issuance of the final results.

All forward-looking statements speak only as of the date of this release. You should not place undue reliance on these forward-looking statements. Although we believe that our plans, intentions and expectations reflected in or suggested by the forward-looking statements we make in this release are reasonable, we can give no assurance that these plans, intentions or expectations will be achieved. The risk factors and other factors noted herein and in the Company’s SEC filings could cause its actual results to differ materially from those contained in any forward-looking statement. These cautionary statements qualify all forward-looking statements attributable to us or persons acting on our behalf.

All subsequent written and oral forward-looking statements attributable to us or to persons acting on our behalf are expressly qualified in their entirety by the foregoing. We undertake no obligation to publicly release the results of any revisions to any such statements that may be made to reflect events or circumstances after the date of this release or to reflect the occurrence of unanticipated events, except as required by law.

Jeff Magids
Director of Finance & Investor Relations
(281) 874-2700, (888) 991-SBOW

HOUSTON--(BUSINESS WIRE)--Gulf Coast Ultra Deep Royalty Trust (OTC Pink: GULTU) (the Trust) announced today that it will distribute to unitholders a cash distribution totaling $32,589 for the quarter ended March 31, 2021.

Unitholders of record on April 30, 2021 will receive a cash distribution of $0.000142 per unit payable on May 14, 2021.

Natural gas (Mcf) sales volumes, average sales price and net cash proceeds available for distribution for the quarter ended March 31, 2021 are set forth in the table below:

(a) Attributable to the onshore Highlander subject interest which is the only subject interest with commercial production.

About Gulf Coast Ultra Deep Royalty Trust. The Trust is a Delaware statutory trust created to hold a 5% gross overriding royalty interest in future production from specified Inboard Lower Tertiary/Cretaceous exploration prospects located in the shallow waters of the Gulf of Mexico and onshore in South Louisiana that existed as of December 5, 2012, which are collectively referred to as subject interests. The subject interests and the Trust’s overriding royalty interests are described in the Trust’s filings with the Securities and Exchange Commission (SEC). As described in the Trust’s SEC filings, future distributions are not guaranteed and will depend on the proceeds received by the Trust as a result of actual production volumes, oil and gas prices, post-production costs and specified taxes, and the amount and timing of the Trust’s administrative expenses, among other factors. For additional information on the Trust, please visit http://gultu.q4web.com/home/default.aspx.

Cautionary Statement Regarding Forward-Looking Information. This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are all statements other than statements of historical facts, such as any statements regarding the amount and date of quarterly distributions to unitholders. Forward-looking statements are not guarantees or assurances of future performance and actual results may differ materially from those anticipated, projected or assumed in the forward-looking statements. Important factors that may cause actual results to differ materially from those anticipated by the forward-looking statements include, but are not limited to, the amount of cash received or expected to be received by the Trustee from the underlying properties on or prior to a record date for a quarterly cash distribution. Any differences in actual cash receipts by the Trust could affect the amount of quarterly cash distributions. Other important factors that may cause actual results to differ materially include risks inherent in production of oil and gas properties, the ability of commodity purchasers to make payment, the economic effects of the COVID-19 pandemic and federal, state and local governmental actions in response to the pandemic, and other risk factors described in the Trust’s Annual Report on Form 10-K for the year ended December 31, 2020, filed with the SEC. The Trust's annual, quarterly and other filed reports are or will be available over the Internet at the SEC's website at http://www.sec.gov. Statements made in this press release are qualified by the cautionary statements made in this press release. The Trust cautions investors that it does not intend, and assumes no obligation, to update any of the statements included in this press release.

The Bank of New York Mellon Trust Company, N.A. serves as trustee of the Trust. If you have any questions related to the Trust, please see below for contact information:

Gulf Coast Ultra Deep Royalty Trust
The Bank of New York Mellon Trust Company, N.A., as Trustee
Sarah Newell
(512) 236-6555

DUBLIN--(BUSINESS WIRE)--The "Global Solar Hybrid Inverter Market 2021-2025" report has been added to ResearchAndMarkets.com's offering.

The publisher has been monitoring the solar hybrid inverter market and it is poised to grow by $76.44 million during 2021-2025 progressing at a CAGR of over 10% during the forecast period.

The report on solar hybrid inverter market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the rise in solar energy installations and supportive governmental regulations.

The solar hybrid inverter market analysis include end-user segment and geographic landscape. This study identifies the reduction in LCOE of solar power generationas one of the prime reasons driving the solar hybrid inverter market growth during the next few years.

Companies Mentioned

• ABB Ltd.
• Delta Electronics Inc.
• Flin Technologies Pvt. Ltd.
• Growatt New Energy Technology Co. Ltd.
• KACO new energy
• Microtek International Pvt. Ltd.
• Schneider Electric SE
• SolarEdge Technologies Inc.
• Su-Kam Power Systems Ltd.
• Tabuchi Electric Co. Ltd.

The report on solar hybrid inverter market covers the following areas:

• Solar hybrid inverter market sizing
• Solar hybrid inverter market forecast
• Solar hybrid inverter market industry analysis

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Key Topics Covered:

1. Executive Summary

• Market Overview

2. Market Landscape

• Market ecosystem
• Value chain analysis

3. Market Sizing

• Market definition
• Market segment analysis
• Market size 2020
• Market outlook: Forecast for 2020 - 2025

4. Five Forces Analysis

• Five Forces Summary
• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

5. Market Segmentation by End-user

• Market segments
• Comparison by End user
• Commercial - Market size and forecast 2020-2025
• Residential - Market size and forecast 2020-2025
• Market opportunity by End user

6. Customer landscape

7. Geographic Landscape

• Geographic segmentation
• Geographic comparison
• APAC - Market size and forecast 2020-2025
• Europe - Market size and forecast 2020-2025
• North America - Market size and forecast 2020-2025
• MEA - Market size and forecast 2020-2025
• South America - Market size and forecast 2020-2025
• Key leading countries
• Market opportunity by geography
• Market drivers
• Market challenges
• Market trends

8. Vendor Landscape

• Vendor landscape
• Landscape disruption
• Competitive Scenario

9. Vendor Analysis

• Vendors covered
• Market positioning of vendors
• ABB Ltd.
• Delta Electronics Inc.
• Flin Technologies Pvt. Ltd.
• Growatt New Energy Technology Co. Ltd.
• KACO new energy
• Microtek International Pvt. Ltd.
• Schneider Electric SE
• SolarEdge Technologies Inc.
• Su-Kam Power Systems Ltd.
• Tabuchi Electric Co. Ltd.

10. Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

For more information about this report visit https://www.researchandmarkets.com/r/wovt85

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
This email address is being protected from spambots. You need JavaScript enabled to view it.
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

HOUSTON--(BUSINESS WIRE)--Permianville Royalty Trust (NYSE: PVL) (the “Trust”) today announced the net profits interest calculation for April 2021. The net profits interest calculation represents reported oil production for the month of January 2021 and reported natural gas production during December 2020. The calculation includes accrued costs incurred in February 2021.

This month, excluding prior net profits interest shortfalls, income from the distributable net profits interest would have been approximately $0.4 million. As a result of the cumulative outstanding net profits shortfall of approximately $1.0 million, however, no distribution will be paid to the Trust’s unitholders of record on April 30, 2021 in May 2021. Distributions to the Trust will resume once the cumulative net profits shortfall, which continues to decrease and now totals approximately $0.6 million, is eliminated.

The following table displays reported underlying oil and natural gas sales volumes and average received wellhead prices attributable to the current and prior month recorded net profits interest calculations.

Recorded oil cash receipts from the oil and gas properties underlying the Trust (the “Underlying Properties”) totaled $2.4 million for the current month on realized wellhead prices of $51.22/Bbl, up $0.1 million from the prior month distribution period.

Recorded natural gas cash receipts from the Underlying Properties totaled $0.7 million for the current month, up $0.1 million from the prior month’s distribution period.

Total accrued operating expenses for the period were $2.4 million, a $0.2 million increase month-over-month from the prior period. Capital expenditures decreased $0.3 million from the prior period.

The remaining cumulative shortfall in net profits for the prior months will be deducted from any net profits in next month’s net profits interest calculation. At this time based on current commodity prices, COERT Holdings 1 LLC (the “Sponsor”) anticipates that the Underlying Properties will continue to generate positive net profits to reduce the cumulative shortfall before returning to monthly distributions again.

About Permianville Royalty Trust

Permianville Royalty Trust is a Delaware statutory trust formed to own a net profits interest representing the right to receive 80% of the net profits from the sale of oil and natural gas production from certain, predominantly non-operated, oil and gas properties in the states of Texas, Louisiana and New Mexico. As described in the Trust’s filings with the Securities and Exchange Commission (the “SEC”), the amount of the periodic distributions is expected to fluctuate, depending on the proceeds received by the Trust as a result of actual production volumes, oil and gas prices, the amount and timing of capital expenditures, and the Trust’s administrative expenses, among other factors. Future distributions are expected to be made on a monthly basis. For additional information on the Trust, please visit www.permianvilleroyaltytrust.com.

Forward-Looking Statements and Cautionary Statements

This press release contains statements that are “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. All statements contained in this press release, other than statements of historical facts, are “forward-looking statements” for purposes of these provisions. These forward-looking statements include the amount and date of any anticipated distribution to unitholders, expected expenses, including capital expenditures, and expectations regarding the ability of the Underlying Properties to continue to generate positive net profits before returning to monthly distributions. The anticipated distribution is based, in large part, on the amount of cash received or expected to be received by the Trust from the Sponsor with respect to the relevant period. The amount of such cash received or expected to be received by the Trust (and its ability to pay distributions) has been and will continue to be directly affected by the volatility in commodity prices, which have experienced significant fluctuations since the beginning of 2020 in response to the economic effects of the COVID-19 pandemic and the actions taken by Russia and the members of the Organization of Petroleum Exporting Countries regarding production levels. Low oil and natural gas prices will reduce profits to which the Trust is entitled, which will reduce the amount of cash available for distribution to unitholders and in certain periods could result in no distributions to unitholders. Other important factors that could cause actual results to differ materially include expenses of the Trust, reserves for anticipated future expenses and the effect, impact, potential duration or other implications of the COVID-19 pandemic. In addition, future monthly capital expenditures may exceed the average levels experienced in prior years. Statements made in this press release are qualified by the cautionary statements made in this press release. Neither the Sponsor nor the Trustee intends, and neither assumes any obligation, to update any of the statements included in this press release. An investment in units issued by the Trust is subject to the risks described in the Trust’s filings with the SEC, including the risks described in the Trust’s Annual Report on Form 10-K for the year ended December 31, 2020, filed with the SEC on March 23, 2021. The Trust’s quarterly and other filed reports are or will be available over the Internet at the SEC’s website at http://www.sec.gov.

Permianville Royalty Trust
The Bank of New York Mellon Trust Company, N.A., as Trustee
Sarah Newell 1 (512) 236-6555

Cenfura's Nigerian subsidiary will provide 24/7 renewable energy in Nigeria and provide a bridge to the digital economy for efficient payments

LONDON--(BUSINESS WIRE)--$XCF #Blockchain--Cenfura^Ⓡ Ltd. is delighted to announce a new subsidiary with local partners in Nigeria to provide needed 24/7 Green Power to communities and businesses.

Cenfura’s focus in Nigeria will be twofold — firstly, providing renewable energy to residential communities and businesses in a sustainable and economically viable manner, and secondly, providing an integrated digital platform for billing and payments.

The Cenfura team is very excited to work with our partners at Cenfura Nigeria Ltd to deliver blockchain based renewable energy solutions throughout Nigeria.

Pasi Nieminen, Founder and Chairman, said, “A new subsidiary in Nigeria allows us to not only grow our business, but also provide an excellent service to the Nigerian people in the energy and Fintech areas. We look forward to growing together with them.”

About Cenfura

Cenfura is a Smart Energy Services company developing and operating renewable energy assets globally. We deploy distributed energy grids with dynamic load handling systems powered by AI to dramatically increase efficiency over traditional renewable energy providers. Our solutions can be islanded and incorporate automated storage to allow deployment in regions where primary grid instability is a serious problem and can cause significant disruptions. Cenfura’s mission is to accelerate the adoption of fully distributed renewable energy across the globe.

We stand at the intersection of several important sectors — Renewable Energy, Regulatory Technology, and Fintech. Cenfura incorporates all three elements to deliver holistic solutions to our end users. We can provide scalable solutions to communities, industrial consumers, farming, mining, and government entities.

Jussi Schultink, Press Officer
Cenfura Ltd
+358 406 726673
This email address is being protected from spambots. You need JavaScript enabled to view it.
https://www.cenfura.com/

DUBLIN--(BUSINESS WIRE)--The "Global Economic Recovery in Post-Pandemic 2021" report has been added to ResearchAndMarkets.com's offering.

The research features separate regional economic outlook sections focusing on country-specific GDP growth rates, growth opportunities, and key economic developments.

The US for example should see 4.4% growth in 2021, especially supported by a recent stimulus push and new stimulus package expectations. European economies continue to face pressure from re-imposed restrictions. China should see 8.0% growth for 2021, while India will see its 2021-2022 fiscal year growth accelerating to 10.9%. 2021 growth rates are reflective of the low GDP base effect from 2020 to an extent.

2020 was, without a doubt, an extremely turbulent year for the global economy, with lockdowns, sharp trade contraction, accelerated job losses, and supply-chain disruptions. Recovery started picking up towards the second half of the year with the easing of COVID-19 restrictions. The global economy nonetheless experienced a very deep 2020 recession.

Recovery will be the keyword going into 2021, in the light of continued easing up of restrictions, vaccine administration, and demand-side revival. Global growth is expected to accelerate to 5.3% in 2021. The pace of recovery is expected to be much stronger for the group of emerging markets and developed economies, especially supported by high growth rates for China and India.

This research captures the 2021 global economic outlook, focusing on visioning scenarios, growth projections, policy developments, and risks to watch out for. The global economy is most likely, for example, to see a U-curve recovery into 2021. If however, downside risks materialize, there remains the chance of a double-dip recession or a W-curve recovery process. Following a sharp contraction in Q2 2020 GDP growth amidst lockdowns, an associated strong rebound in growth figures is expected for Q2 2021.

Oil prices should accelerate in 2021, although remaining below 2019 levels. The finalization of a UK-EU Brexit deal has provided much relief to the European economy, although some Brexit-related disruptions will persist in H1 2021. On the policy front, there have been major policy shifts in the US following the new US Presidency. The US, for example, is expected to primarily support clean energy policies, in the future.

Key Issues Addressed

• What are the top 5 global economic predictions for 2021?
• What is the global growth outlook under baseline, optimistic, and pessimistic scenarios?
• What are some of the key drivers and restraints for the global economy in 2021?
• How will major economies such as the US, UK, and India perform?
• What are the top growth opportunities to watch out for, by region?
• What is expected of Brexit in 2021?
• What are the economic implications of the shift in US presidency?
• How will trade and supply-chain shifts and developments impact the global economy?
• What is the outlook for Europe given re-imposed restrictions?
• When is global GDP expected to return to pre-pandemic levels?

Key Topics Covered:

1. Executive Summary - 2021 Global Economic Outlook

• Top 5 2020 Global Economic Highlights
• 2020 Global Economy - Actuals vs. Forecast
• 2008-2020 Global Historic GDP Growth
• Top 5 2021 Global Economic Predictions
• 2021 Scenario Analysis - Quarterly Global Growth
• 2021 Scenario Analysis - Assumptions
• 2021 World GDP Growth Snapshot
• Advanced Economies - Key Predictions for 2021
• Emerging Economies - Key Predictions for 2021
• 2021 Growth Opportunities - Top 3 Opportunities by Region
• 2021 Regional Trends - GDP Growth, Risks, and Policy Direction

2. Research Scope and Assumptions

• 2021 Global Economy - Scope of Analysis
• Forecast Assumptions - Global Economy

3. Growth Environment

• Why is it Increasingly Difficult to Grow?
• The Strategic Imperative 8T
• The Impact of the Top Three Strategic Imperatives on the Global Economy
• Growth Opportunities Fuel the Growth Pipeline Engine
• Growth Drivers for the Global Economy
• Growth Restraints to the Global Economy

4. 2021 Global Economic Outlook

• 2021 Annual Global Growth
• 2021 Scenario Analysis - Quarterly Global Growth
• 2021 Scenario Analysis - Assumptions
• 2021 Oil Price, Supply, and Demand Outlook
• 2021 Monetary Policy Outlook

5. North America Economic Outlook 2021

• North America - Top 3 Growth Opportunities
• North America - GDP Growth
• US and Canada - GDP Growth Outlook
• US and Canada - Economic Outlook Analysis
• North America - Key Economic Developments

6. Latin America Economic Outlook 2021

7. Europe Economic Outlook 2021

8. Middle East Economic Outlook 2021

9. Africa Economic Outlook 2021

10. Asia-Pacific Economic Outlook 2021

11. Growth Opportunity Universe - Global Economy, 2021

• Growth Opportunity 1: Manufacturing Gains from Trade and Supply Chain Shifts
• Growth Opportunity 2: Demand Revival from Easing Restrictions and New Stimulus
• Growth Opportunity 3: Oil Recovery and Accelerated Economic Diversification

12. Key Conclusions

For more information about this report visit https://www.researchandmarkets.com/r/yp1xvi

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
This email address is being protected from spambots. You need JavaScript enabled to view it.
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

Energy Transfer co-founded in 1996 by Kelcy Warren and Ray Davis

Ranked 59^th on the Fortune 500 list of America’s largest companies

DALLAS--(BUSINESS WIRE)--Dallas-based Energy Transfer (NYSE:ET), the leading midstream provider in the country, today launched its 25^th anniversary celebration as one of the most diversified publicly traded energy infrastructure Partnerships with more than 90,000 miles of pipeline traversing 38 states and Canada, international offices in Canada and Beijing, and nearly 10,000 employees.

On April 17, 1996, Kelcy Warren and Ray Davis set out to build the premier midstream infrastructure company from the ground up. What started as a small intrastate pipeline company with 200 miles of natural gas pipeline in east Texas and 20 employees is now ranked 59 on the Fortune 500 list of America’s largest companies. The combined strength, vision and grit of Warren and Davis quickly catapulted Energy Transfer from a maverick upstart to the industry’s leading midstream company through the combination of strategic acquisitions and significant organic growth projects. Davis now sits on Energy Transfer’s Board of Directors having retired as co-CEO in 2007.

Over the past decade, Energy Transfer has transformed itself from a natural gas-focused company to an international powerhouse that exports, transports, processes, stores and terminals natural gas, crude oil, NGLs, refined products and liquefied natural gas, through a series of strategic acquisitions including Louis Dreyfus Highbridge Energy, Southern Union Company and Sunoco Logistics. It has also achieved several business milestones including the construction of the first 42-inch natural gas pipeline in Texas and the largest dual-pipeline project in the country.

“To look back 25 years to the time when Ray and I bought our first assets as Energy Transfer to where we are today is truly remarkable,” said Warren, now Executive Chairman of Energy Transfer. “It has been quite a ride. Our journey has not always been easy, but we have built a company that has the best pipeline assets in the industry. I am not only proud of what we have accomplished, but I am excited about where we are going. We have a terrific leadership team in place and amazing employees who I am honored to work alongside.”

About Energy Transfer

Energy Transfer LP (NYSE: ET) owns and operates one of the largest and most diversified portfolios of energy assets in the United States, with a strategic footprint in all of the major domestic production basins. ET is a publicly traded limited partnership with core operations that include complementary natural gas midstream, intrastate and interstate transportation and storage assets; crude oil, NGL and refined product transportation and terminalling assets; NGL fractionation; and various acquisition and marketing assets. ET also owns Lake Charles LNG Company, as well as the general partner interests, the incentive distribution rights and 28.5 million common units of Sunoco LP (NYSE: SUN), and the general partner interests and 46.1 million common units of USA Compression Partners, LP (NYSE: USAC). For more information, visit the Energy Transfer LP website at www.energytransfer.com.

Energy Transfer Media Relations 214.840.5820
Vicki Granado or Lisa Coleman This email address is being protected from spambots. You need JavaScript enabled to view it.

Energy Transfer Investor Relations 214.981.0795
Bill Baerg, Brent Ratliff, Lyndsay Hannah This email address is being protected from spambots. You need JavaScript enabled to view it.

Reaffirms Opposition to the 2020 Methane Rollback Rules

CANONSBURG, Pa.--(BUSINESS WIRE)--Equitrans Midstream Corporation (NYSE: ETRN) supports the U.S. oil and gas industry's ongoing efforts to reduce methane emissions and reaffirms its prior opposition to the U.S. Environmental Protection Agency's (EPA) rollback of methane regulations in 2020. ETRN supports H.J. Resolution 34, and S.J. Resolution 14 – providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Environmental Protection Agency relating to "Oil and Natural Gas Sector: Emission Standards for New, Reconstructed, and Modified Sources Review."

"We must continue to push our industry forward in a meaningful way in order to effectuate real mitigation of climate change impacts, and we support approval of the methane resolution under the Congressional Review Act,” said Diana Charletta, president and chief operating officer of Equitrans Midstream. “Americans have worked to increase production of our domestic oil and gas resources and provide safe transportation to supply our nation with reliable, cost-effective energy; and we believe methane controls and reduction should continue to evolve as our society continues its transition to a lower-carbon economy."

ETRN acknowledges that it is not enough to achieve regulatory compliance on methane emissions in order to address the global impacts of climate change. As outlined in its Climate Policy, ‘Equitrans Midstream must aggressively pursue climate change mitigation and adaptation, while also balancing the immediate and increasing need for energy in our country, both now and in the future.’ As ETRN continues to responsibly transport energy resources, it has taken immediate steps to improve greenhouse gas emissions measurement and tracking across its value chain and has set interim targets for Scope 1 & 2 emissions, including a 50% reduction in methane by 2030 and a 50% reduction in total GHG by 2040 – with a Net Zero Carbon Goal for 2050.

Charletta continued, "Methane is the most significant component of the gas that we move for our customers – from the point of extraction, to processing, and ultimately to business and residential consumers; therefore, we must be accountable and responsible for understanding, assessing, and improving our methane management practices. We recognize that reducing our overall carbon footprint and mitigating our operational impact is imperative for the sustainability of the environment, our communities, and our business.”

Collectively, companies are working to demonstrate that the natural gas industry can minimize emissions and increase production while supplying much needed energy to the U.S. and around the globe for years to come. As a member of the Interstate Natural Gas Association of America, ETRN and other member companies work with regulators to ensure that natural gas pipelines, compressor stations, and storage facilities are designed and built safely and operate in ways that minimize methane emissions. ETRN is also a member of the Environmental Partnership – a voluntary methane reduction program offered through the American Petroleum Institute and the ONE Future Coalition.

About Equitrans Midstream Corporation:

Equitrans Midstream Corporation (ETRN) has a premier asset footprint in the Appalachian Basin and, as the parent company of EQM Midstream Partners, is one of the largest natural gas gatherers in the United States. Through its strategically located assets in the Marcellus and Utica regions, ETRN has an operational focus on gas transmission and storage systems, gas gathering systems, and water services that support natural gas development and production across the Basin. With a rich 135-year history in the energy industry, ETRN was launched as a standalone company in 2018 with the vision to be the premier midstream services provider in North America. ETRN is helping to meet America’s growing need for clean-burning energy, while also providing a rewarding workplace and enriching the communities where its employees live and work.

For more information on Equitrans Midstream Corporation, visit www.equitransmidstream.com; and to learn more about our environmental, social, and governance practices visit ETRN Sustainability Reporting.

Source: Equitrans Midstream Corporation

Analyst/Investor inquiries:
Nate Tetlow — Vice President, Corporate Development and Investor Relations
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Media inquiries:
Natalie A. Cox — Director, Corporate Communications
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Indeavor’s automated fatigue management solution ensures worker safety and adherence to API’s rules—including the updated guidelines.

MADISON, Wis--(BUSINESS WIRE)--#Indeavor--Previously made to adhere to the nuclear industry’s complex fatigue management guidelines outlined by the Nuclear Regulatory Commission, Indeavor’s Fatigue Management module is now available to the oil and gas industry! Plants and refineries can now operate efficiently while automatically adhering to the American Petroleum Institute’s (API) rules on limiting hours and days of work.

“The shift schedule generates automatically and in accordance to your pre-set work hour rules,” explains Tommy Schroeder, Vice President of Product at Indeavor. “These rules, from work set limits to rest period allowances, can easily be adjusted should API’s recommended practices change.”

Indeavor is looking forward to creating more partnerships in the oil and gas space to ensure worker safety and limit fatigue.

About Indeavor

Indeavor’s solution offers clients an end-to-end, cloud-based employee scheduling and absence management system. By integrating with your human capital management and enterprise resource planning systems, you can leverage a robust platform that provides you with real-time employee data. Relieve your supervisors of manual tasks and the constant mental fatigue brought upon by scheduling changes by automating the entire process, connecting the data to all of your existing corporate systems, and ensuring you always have the right qualified employee in each position.

For more information, visit www.indeavor.com.

Michael Lingat | This email address is being protected from spambots. You need JavaScript enabled to view it. | 608.579.0335

LAS VEGAS--(BUSINESS WIRE)--$AP #AP--Ault Global Holdings, Inc. (NYSE American: DPW) a diversified holding company (the “Company”), reported financial results for its fourth quarter and year ended December 31, 2020 on its Form 10‑K filed with the Securities and Exchange Commission today.

Q4-2020 highlights

• Revenue of $7.2 million, an increase of 14.8% from the prior fourth fiscal quarter;
• Gross profit of $1.9 million, an increase of 374.9% from the prior fourth fiscal quarter;
• Loss from continuing operations of $709,361, compared to a loss from continuing operations of $8.9 million during the prior fourth fiscal quarter; and
• Net loss of $10.4 million for the quarter, including non-cash charges of $11.2 million.

Year ended December 31, 2020 highlights

• Revenue of $23.9 million, an increase of 6.7% from the prior fiscal year;
• Gross profit of $7.5 million, an increase of 145.6% from the prior fiscal year;
• Loss from continuing operations of $6.0 million, an 75.6% decrease from the loss from continuing operations of $24.7 million in the prior fiscal year;
• Net loss of $32.7 million, including non-cash charges of $29.3 million, and
• For the first time under current management, there will be no going concern qualification in the report of our independent registered public accounting firm.

Revenues

Our revenues increased by $1,509,283, or 7%, to $23,871,277 for the year ended December 31, 2020, from $22,361,994 for the year ended December 31, 2019.

Gresham Worldwide

Gresham Worldwide’s revenues increased by $2,980,878, or 20%, to $18,212,721 for the year ended December 31, 2020, from $15,231,843 for the year ended December 31, 2019. The increase in revenue from our Gresham Worldwide segment for customized solutions for the military markets reflected the benefit of capital that was allocated to our defense business during the second half of 2019. Gresham Worldwide revenue in 2020 includes $598,500 from Relec Electronics, which was acquired on November 30, 2020.

Coolisys

Coolisys revenues decreased by $409,528, or 7%, to $5,416,138 for the year ended December 31, 2020, from $5,825,666 for the year ended December 31, 2019.

Ault Alliance

Revenues from our cryptocurrency mining operations revenues decreased by $641,745, or 100% from the year ended December 31, 2019, due to our decision to cease our cryptocurrency mining operations in 2020. We announced in March of 2021 that we resumed bitcoin mining as we believe that we are now in a position to better withstand the volatility associated with cryptocurrency mining, as we have and improved capital structure and have secured a low-cost energy source that we control.

Revenues from our lending and investing activities at Digital Power Lending decreased by $420,322, or 63%, to $242,418 for the year ended December 31, 2020, from $662,740 for the year ended December 31, 2019, which is attributable to a reduction in our loan portfolio. During 2021, we have provided significant new funding to expand Digital Power Lending’s loan and investment portfolio.

Gross margins

Gross margins increased to 31.5% for the year ended December 31, 2020, compared to 13.7% for the year ended December 31, 2019. Our gross margin of 13.7% recognized during the year ended December 31, 2019, was impacted by the approximate $2.1 million negative margins at Digital Farms and the provision for credit losses of $1,550,000 at Digital Power Lending, compared to no provision for credit losses during the year ended December 31, 2020. Excluding the effects of Digital Farms and credit losses at Digital Power Lending, our adjusted gross margin for the year ended December 31, 2019 would have been 31.1%.

Non-cash charges

During the three months ended December 31, 2020 and 2019, our reported net loss included non-cash charges of $11,225,420 and $1,236,731, respectively. During the year ended December 31, 2020 and 2019, our reported net loss included non-cash charges of $29,325,236 and $12,401,816, respectively. A summary of these non-cash charges is shown below:

The Company’s Chief Financial Officer, Kenneth S. Cragun, said, “The financial results for 2020 demonstrate that we are achieving our objectives to grow revenue and improve operating results. In spite of the disruption from the COVID-19 pandemic, we were able to increase fourth quarter revenues by 14.8% from the prior year period, driven by our defense business. Our gross margins for the year ended December 31, 2020 improved considerably, up $4.5 million, or 145.6% from the prior year. Combined with a reduction in operating expenses, our loss from continuing operations for the year ended December 31, 2020 decreased by $18.7 million from the prior year. We significantly improved our balance sheet as well, ending fiscal year 2020 with positive working capital of $12.5 million, due to our ability to raise capital in the public market, compared to a working capital deficit of $19.2 million at the end of 2019.”

Ault Global’s Founder and Executive Chairman, Milton “Todd” Ault, III, said, “The past year has been extremely rewarding and is the result of years of strategic planning. During this time, we have strengthened our operating businesses, improved our balance sheet tremendously and positioned the Company to capitalize on the very promising technologies at our subsidiaries. We anticipate significant revenue growth and profitability within the foreseeable future. With the strongest balance sheet in the Company’s history, a capable team at the Company, and a talented group of CEOs at the subsidiary level, the future prospects look bright for the Company in the short and long term.”

Mr. Ault added “Our holding company platform transformation is developing rapidly. Our recent capital raise of approximately $165 million has enabled us to fund our subsidiaries while virtually eliminating our net debt. I am more confident than ever that the decision to become a holding company was correct. We see strength across all our subsidiaries and expect the completion of the lending and investment platform by the end of the second quarter. Simply stated, we are in the strongest position of our company’s 52-year history. To all who stood behind our company and me during some tough times, I deeply thank you. From my perspective, the road ahead is bright.”

For more information on Ault Global Holdings and its subsidiaries, the Company recommends that stockholders, investors and any other interested parties read the Company’s public filings and press releases available under the Investor Relations section at www.AultGlobal.com or available at www.sec.gov.

About Ault Global Holdings, Inc.

Ault Global Holdings, Inc. is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact. Through its wholly and majority-owned subsidiaries and strategic investments, the Company provides mission-critical products that support a diverse range of industries, including defense/aerospace, industrial, automotive, telecommunications, medical/biopharma, and textiles. In addition, the Company extends credit to select entrepreneurial businesses through a licensed lending subsidiary. Ault Global Holding’s headquarters are located at 11411 Southern Highlands Parkway, Suite 240, Las Vegas, NV 89141; www.AultGlobal.com.

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company’s Forms 10-K, 10-Q and 8-K. All filings are available at www.sec.gov and on the Company’s website at www.AultGlobal.com.

This email address is being protected from spambots. You need JavaScript enabled to view it. or 1-888-753-2235

NILES, Ill.--(BUSINESS WIRE)--Perma-Pipe International Holdings, Inc. (NASDAQ: PPIH) announced today that it has completed a sale and leaseback transaction with Nash88, LLC, generating $8.7 million in net proceeds.

The property sold consisted of land and buildings in Lebanon, Tennessee related to the coating and fabrication of district heating and cooling piping systems. Perma-Pipe will continue to occupy the facility under an initial fifteen-year lease term, with an option to renew up to an additional twenty years.

At closing $0.4 million was placed in a short term escrow account to cover certain post-closing contingencies that may arise.

“Our objective in the transaction was to raise capital and to reinvest this into the business which will allow us to continue to pursue our planned programs for growth at a time when the future market recovery and operational cash flows are uncertain,” noted President and CEO David Mansfield.

“We have a number of very compelling opportunities to pursue, and the additional funds generated from the transaction will allow us to proceed unhindered by the severe restrictions we have operated under since the start of the pandemic a year ago. We believe that these opportunities will provide a significantly better return on our investment than our previous investment in the Lebanon property,” concluded Mr. Mansfield.

Perma-Pipe International Holdings, Inc.

Perma-Pipe International Holdings, Inc. (Nasdaq: PPIH) is a global leader in pre-insulated piping and leak detection systems for oil and gas gathering, district heating and cooling, and other applications. It uses its extensive engineering and fabrication expertise to develop piping solutions that solve complex challenges regarding the safe and efficient transportation of many types of liquids. In total, Perma-Pipe has operations at thirteen locations in six countries.

David Mansfield, President and CEO
Perma-Pipe Investor Relations
(847) 929-1200
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NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

TORONTO--(BUSINESS WIRE)--Sherritt International Corporation (“Sherritt” or the “Corporation”) (TSX:S) will release its first quarter 2021 financial results after market close on April 28, 2021. Senior management will host a conference call and webcast on April 29, 2021 at 10:00 am ET to review Sherritt’s first quarter financial and operational performance.

Please dial in 15 minutes before the start of the conference to secure a line and avoid delays. Alternatively, listeners will be able to access the conference call via the webcast available on Sherritt’s website.

A copy of the webcast and replay of the conference call will be available on the website following the presentation.

About Sherritt

Sherritt is a world leader in the mining and refining of nickel from lateritic ores with projects and operations in Canada and Cuba. The Corporation is the largest independent energy producer in Cuba with power operations across the island. Sherritt licenses its proprietary technologies and provides metallurgical services to mining and refining operations worldwide. The Corporation’s common shares are listed on the Toronto Stock Exchange under the symbol “S”.

Joe Racanelli, Director of Investor Relations
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Telephone: (416) 935-2457