New position increases management focus on expanding operations and extending technology solutions

HOUSTON--(BUSINESS WIRE)--Kayrros today announced the appointment of Malcolm Theobald as president of Kayrros North America. Theobald will head a growing team of Kayrros data specialists and analysts based in Houston, New York City, and Berkeley, California, dedicated to delivering market-leading tools to help decision-makers pilot the energy transition and manage their energy and environmental activities.

In announcing the new appointment, Kayrros president Antoine Rostand remarked: “We welcome Malcolm to Kayrros. His experience in energy, work with financial institutions, and his interest in science and the environment, provide a unique combination that matches the growing footprint and customer base of Kayrros, particularly in North America. As satellite data render the energy industry more transparent by detecting, measuring and attributing energy flows and emissions, our North American team is set to bring increased growth and finer granularity to both global and regional solutions.”

Theobald joins Kayrros after a 33-year international career with Schlumberger that included positions in the U.S., as well as management and technical assignments in Scotland, France, England, Norway, Holland and Nigeria. His broad experience extended to a six-year term as head of corporate investor relations, global account management, and business line presidency. After leaving Schlumberger, Theobald consulted with energy companies on their operations, marketing and sales, and financial communications as they pursued growth in markets that are increasingly becoming more efficient and more sustainable.

Theobald graduated from the University of Wisconsin—Madison with a BS in Mining Engineering. He is presently an active member of the Board of Visitors for the university’s Geological Engineering Department, which targets the integration of science and engineering to support sustainability with new technologies that provide the foundation of energy transition.

About Kayrros

Kayrros is the leading global asset observation platform built on fundamental science, strong R&D, and leading technology. Harnessing satellite imagery and multiple sources of unconventional data with machine learning, natural language processing, and advanced mathematics, Kayrros monitors and measures energy and natural resource activity worldwide. With access to data on more than 200,000 industry assets, Kayrros customers track individual or multiple assets in configurable proprietary or collaborative workflows to analyze industrial and environmental performance for maximum insight and optimal operational and financial decisions. For more information, visit www.kayrros.com.

Chris Jones
Pierpont Communications
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713-627-2223

Company adds water and wastewater customers in Washington, Idaho and Texas

PORTLAND, Ore.--(BUSINESS WIRE)--NW Natural Water Company, LLC (NW Natural Water), a wholly-owned subsidiary of Northwest Natural Holding Company (NYSE:NWN) (NW Natural Holdings), recently completed two acquisitions and signed three additional agreements to acquire utilities near its existing service territories, furthering the company’s growth strategy in the water utility sector.

Closed acquisitions include Morning View Water Company in the Idaho Falls area and Del Bay Association in Freeland, Washington. In addition, NW Natural Water subsidiaries have executed the following acquisition agreements: Troy Hoffman Water Corporation in northern Idaho; Belle Oaks Water & Sewer Co. in southeast Texas; and Pelican Point Water Co. in Washington.

The recent and pending acquisitions reflect the continued traction of NW Natural Water’s growth strategy, and the company’s success in expanding its presence around the communities it serves.

“We’re excited to see NW Natural Water expand and grow across our service footprint through these tuck-in acquisitions. It demonstrates the value we can bring to the sector and the strength of our business and community relationships,” said Justin Palfreyman, NW Natural Water’s president. “We’re pleased to welcome these new customers into our family and provide them with clean, safe and reliable water and wastewater services. We look forward to enhancing customer service and investing in these communities for the future.”

When these acquisitions close, NW Natural Water will serve approximately 65,000 people through over 27,000 connections and is expected to have invested approximately $111 million in the water sector cumulatively.

“I’m pleased with our acquisition progress and our proven ability to operate these systems safely and reliably,” said David H. Anderson, NW Natural Holding’s president and CEO. “I look forward to continuing to actively pursue growth opportunities across the United States. As a result of our focus and efforts to date, NW Natural Water is well positioned for future growth.”

NW Natural Water remains focused on disciplined growth through acquisitions. In addition, NW Natural Water can provide utility services to new developments, master-planned communities, and other water and wastewater projects.

About NW Natural Holdings

Northwest Natural Holding Company, (NYSE: NWN) (NW Natural Holdings), is headquartered in Portland, Oregon and has been doing business for over 160 years in the Pacific Northwest. It owns NW Natural Gas Company (NW Natural), NW Natural Water Company (NW Natural Water), and other business interests.

NW Natural is a local distribution company that currently provides natural gas service to approximately 2.5 million people in more than 140 communities through more than 770,000 meters in Oregon and Southwest Washington with one of the most modern pipeline systems in the nation. NW Natural consistently leads the industry with high J.D. Power & Associates customer satisfaction scores. NW Natural owns and operates 20 Bcf of underground gas storage capacity in Oregon.

NW Natural Water currently provides water distribution and wastewater services to communities throughout the Pacific Northwest and Texas. After pending acquisitions close, NW Natural Water will serve approximately 65,000 people through approximately 27,000 connections. Learn more about our water business at nwnaturalwater.com.

Additional information is available at nwnaturalholdings.com.

FORWARD LOOKING STATEMENTS

This report, and other presentations made by NW Natural Holdings from time to time, may contain forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as "anticipates," "intends," "plans," "seeks," "believes," "estimates," "expects" and similar references to future periods. Examples of forward-looking statements include, but are not limited to, statements regarding the following: plans, objectives, goals, strategies, assumptions, estimates, expectations, expenses, future events, water and wastewater investments, system modernization, reliability, service territory, customer and business growth, customer satisfaction ratings, customer rates or rate recovery, the water utility growth strategy and priorities, acquisitions and the completion, integration, and effects thereof, the likelihood, timing, and success associated with any transaction, financial results, accretion or financial projections, strategic fit, revenues and earnings, performance, timing or effects of future regulatory proceedings or future regulatory approvals, and other statements that are other than statements of historical facts.

Forward-looking statements are based on our current expectations and assumptions regarding our business, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Our actual results may differ materially from those contemplated by the forward-looking statements. We caution you therefore against relying on any of these forward-looking statements. They are neither statements of historical fact nor guarantees or assurances of future performance. Important factors that could cause actual results to differ materially from those in the forward-looking statements are discussed by reference to the factors described in Part I, Item 1A "Risk Factors," and Part II, Item 7 and Item 7A "Management's Discussion and Analysis of Financial Condition and Results of Operations" and "Quantitative and Qualitative Disclosure about Market Risk" in NW Natural Holdings’ most recent Annual Report on Form 10-K, as updated by subsequent filed reports, and in Part I, Items 2 and 3 "Management's Discussion and Analysis of Financial Condition and Results of Operations" and "Quantitative and Qualitative Disclosures About Market Risk," and Part II, Item 1A, "Risk Factors," in such company's quarterly reports filed thereafter.

All forward-looking statements made in this report and all subsequent forward-looking statements, whether written or oral and whether made by or on behalf of NW Natural Holdings, are expressly qualified by these cautionary statements. Any forward-looking statement speaks only as of the date on which such statement is made, and we undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.

New factors emerge from time to time and it is not possible for the company to predict all such factors, nor can it assess the impact of each such factor or the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in any forward-looking statements.

Business Development Contact: Dave Gioia, 503-610-7366, This email address is being protected from spambots. You need JavaScript enabled to view it.
Investor Contact: Nikki Sparley, 503-721-2530, This email address is being protected from spambots. You need JavaScript enabled to view it.

--(BUSINESS WIRE)--#EBA--Join the International Swaps and Derivatives Association, Inc. (ISDA) at its 35^th Annual General Meeting (AGM), being held virtually for the first time from Monday May 10 until Wednesday May 12, 2021.

Keynote addresses include:

• Ashley Alder, Chairman of the Board, International Organization of Securities Commissions and Chief Executive Officer, Securities and Futures Commission, Hong Kong
• José Manuel Campa, Chairperson, European Banking Authority
• Mairead McGuinness, Commissioner for Financial Services, European Commission
• Daniel Pinto, Co-President and Chief Operating Officer, JP Morgan Chase

The AGM will include sessions on:

• The timetable for LIBOR cessation and upcoming transition milestones
• Lessons learned from the coronavirus pandemic and the forthcoming regulatory agenda
• Challenges in complying with phase 5 of the initial margin requirements for non-cleared derivatives
• The role of derivatives in environmental, social and governance and sustainable finance
• Developments in the digitization and automation of derivatives markets

Additional information regarding the conference, including an agenda, is available on the ISDA's website. An updated agenda will be available in due course.

WHEN: Virtual sessions are held on Monday May 10 – Wednesday May 12, 2021.

Since 1985, ISDA has worked to make the global derivatives markets safer and more efficient. Today, ISDA has over 925 member institutions from 75 countries. These members comprise a broad range of derivatives market participants, including corporations, investment managers, government and supranational entities, insurance companies, energy and commodities firms, and international and regional banks. In addition to market participants, members also include key components of the derivatives market infrastructure, such as exchanges, intermediaries, clearing houses and repositories, as well as law firms, accounting firms and other service providers. Information about ISDA and its activities is available on the Association’s website: www.isda.org. Follow us on Twitter, LinkedIn, Facebook and YouTube.

All press attending this conference must register in advance
Please send your name, affiliation, and contact details to Lauren Dobbs This email address is being protected from spambots. You need JavaScript enabled to view it.

ISDA _® is a registered trademark of the International Swaps and Derivatives Association, Inc.

Lauren Dobbs
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+1 212-901-6019

HOUSTON--(BUSINESS WIRE)--Sawtooth Caverns, LLC (“Sawtooth” or “Company”) announced today that it has completed an expansion allowing it to receive, store and return refined products by truck. The conversion of a salt cavern to refined products storage, along with the construction of new truck rack infrastructure is a milestone achievement for the Company. The new rack offers fully automated truck bays with high speed offloading into its salt caverns and reloading of trucks from the same bays. Sawtooth is located in Delta UT, which is 130 miles south of Salt Lake City UT, and 320 miles north of Las Vegas NV, which puts it in the ideal position to provide storage services for both markets by truck.

“Sawtooth’s new capabilities allow us to enter a completely new space,” said Dan Myers, CEO. “This is the first step in transforming our terminal from the largest NGL storage facility in the West to the Western Energy Hub of the U.S. Many people don’t realize that the oxygen-free environment of salt caverns allows for long-term storage of gasoline without the chemical decomposition of the product that’s experienced in above-ground tanks. In Europe, gasoline has been stored for up to a decade in salt caverns. Without the requirement to completely rotate the gasoline every few months, this will create opportunities for refiners, wholesalers and traders that have not previously existed in this part of the country.”

Sawtooth currently stores millions of barrels of NGLs and Refinery Feedstocks in its deep-well salt caverns. It’s Central Western location and direct access to Union Pacific rail, as well as the U.S. Highway system, allow it to support all PADD 4 and PADD 5 markets.

For more information on Sawtooth, please see our website at www.SawtoothCaverns.com. For information on refined products or other storage, please contact Roger Pederson at This email address is being protected from spambots. You need JavaScript enabled to view it.. For information on NGL storage, please contact Mark Henson at This email address is being protected from spambots. You need JavaScript enabled to view it..

Sawtooth
Roger Pederson
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NGL storage
Mark Henson
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New Supplier Leadership on Climate Transition collaborative guides suppliers on science-based targets and renewable energy to reduce emissions

WASHINGTON--(BUSINESS WIRE)--Guidehouse, a leading global provider of consulting services to the public and commercial markets, has joined forces with Mars, Incorporated, McCormick & Company, and PepsiCo for the formation of the Supplier Leadership on Climate Transition collaborative (Supplier LoCT), an initiative to help engage suppliers in climate action and solutions.

Recognizing the impact that global supply chains have on the health of the planet, the collaborative aims to mobilize collective climate action by providing suppliers with resources, tools, and knowledge to support their own climate journeys.

“Emissions reductions are now essential, and global supply chains contain some of the most significant and difficult-to-reduce emissions. While organizations across the world have made bold commitments to science-based climate reductions, most are struggling to deliver progress, and the clock is ticking,” said Britt Harter, Guidehouse’s sustainability lead and partner in the firm’s Energy, Sustainability, and Infrastructure (ES&I) segment. “We have joined forces with Mars, McCormick, and PepsiCo to demonstrate our combined leadership and go beyond target setting to drive real action.”

Through the collaborative, the organizations will mentor and train suppliers in emissions reduction strategies and recognize their achievements. In turn, supplier progress will accelerate the ability of Mars, McCormick, and PepsiCo to deliver against their individual science-based targets to reduce greenhouse gas (GHG) emissions in their full value chains. These targets were set to align with the overall goals of the Science Based Targets initiative and RE100 to limit global warming to be consistent with the established goal of the 2015 Paris Agreement.

“Suppliers play a critical role in combatting climate change and in helping brands reach their climate targets,” said Matthew Banks, communication director of Supplier LoCT and associate director in Guidehouse’s ES&I segment. “The Supplier LoCT collaborative is a true team effort across companies and sectors to reduce supply chain emissions. We will enlist more brands and suppliers to join us in our mission, which is aligned with what scientists indicate is required to mitigate the worst impacts from climate change.”

To help suppliers advance their sustainability journeys, Guidehouse will leverage its 30+ plus years of experience in sustainability consulting. In future years, it will also rely on its newly launched sustainability management platform, Guidehouse Papaya^TM, to track progress. The co-founding business participants will tap into their own experiences in reducing their environmental impacts:

• Mars, Incorporated is committed to reducing absolute scope 1, 2 and 3 greenhouse gas (GHG) emissions 27% by 2025 and 67% by 2050 from a 2015 base year.
• McCormick & Company is committed to reduce absolute scope 1 and 2 GHG emissions 20 % by 2025 from a 2015 base year and to reducing absolute scope 3 GHG emissions 16% by 2030 from a 2017 base year.
• PepsiCo is committed to reducing absolute scope 1 and 2 GHG emissions 75% and scope 3 GHG emissions 40% by 2030 from a 2015 base year.

“As the world looks to rebuild from the pandemic, this will be a critical year in altering the trajectory of climate change. It’s never been more vital for global businesses, suppliers, and key actors to come together in this time of crisis, and protect the health of our planet and global communities for generations to come,” said Barry Parkin, chief procurement & sustainability officer at Mars, Incorporated. “By forming this collaborative and actively engaging our suppliers on sustainability, we believe we can drive a meaningful, truly global impact.”

“People, planet, and communities have been at the heart of our Purpose Led Performance for many years, supported and championed at the highest levels within McCormick,” said Michael Okoroafor, VP Global Sustainability and Packaging at McCormick and Company. “This collaborative LoCT partnership further demonstrates our commitment to sustainability and doing right for our planet. We are looking forward to engaging our suppliers on this journey to mitigate the climate change impact, and benefit the world around us.”

“PepsiCo has learned a great deal on our journey to a science-based, net-zero target,” said Roberta Barbieri, vice president of Sustainability at PepsiCo. “Our suppliers’ climate action is critical to achieving our goal, and it’s collaborative efforts like these that will help ensure what we’ve learned is shared with our entire supplier base.”

Other industry organizations, including FMI, the Food Industry Association, and sustainability nonprofit Ceres, applaud the collaborative’s efforts to convene suppliers on this important topic.

“Pre-competitive collaborations like this are a critical component to industry progress toward science-based targets,” said Marjorie DePuy, senior director, Supply Chain & Sustainability at FMI. “Every company’s supply chain practices are important in the drive to reduce overall GHG emissions.”

“With leading companies increasingly setting science-based targets, we see growing demand for peer-to-peer learning focused in particular on scope 3 emissions in corporate supply chains,” said Steven Clarke, director of Corporate Clean Energy Leadership at the sustainability nonprofit Ceres. “The challenge goes beyond motivating ambition that cascades through supplier tiers; meaningful impact will depend on building suppliers’ capacity to act.”

About Guidehouse’s Energy, Sustainability, and Infrastructure Segment

With more than 700 consultants, Guidehouse’s global Energy, Sustainability, and Infrastructure segment is the strongest in the industry. We are the go-to partner for leaders creating sustainable, resilient communities and infrastructure, serving as trusted advisors to utilities and energy companies, large corporations, investors, NGOs, and the public sector. We’ve solved big challenges with the world’s 60 largest electric, water, and gas utilities; the 20 largest independent power generators; five of the 10 largest oil & gas majors; the 20 largest gas distribution and pipeline companies; European governments; and the US federal government’s civilian agencies involved in the country’s land, resources, and infrastructure. We combine our passion, expertise, and industry relationships to forge a resilient path toward sustainability for our clients. We turn vision into action by leading and de-risking the execution of big ideas and driving outcomes for our clients that enable them to reach their ambitions through transformation. For more information, please visit www.guidehouse.com/esi.

About Guidehouse

Guidehouse is a leading global provider of consulting services to the public and commercial markets, with broad capabilities in management, technology, and risk consulting. We help clients address their toughest challenges and navigate significant regulatory pressures with a focus on transformational change, business resiliency, and technology-driven innovation. Across a range of advisory, consulting, outsourcing, and digital services, we create scalable, innovative solutions that prepare our clients for future growth and success. The company has more than 9,000 professionals in over 50 locations globally. Guidehouse is a Veritas Capital portfolio company, led by seasoned professionals with proven and diverse expertise in traditional and emerging technologies, markets, and agenda-setting issues driving national and global economies. For more information, please visit www.guidehouse.com.

About Mars, Incorporated

For more than a century, Mars, Incorporated has been driven by the belief that the world we want tomorrow starts with how we do business today. This idea is at the center of who we have always been as a global, family-owned business. Today, Mars is transforming, innovating and evolving in ways that affirm our commitment to making a positive impact on the world around us. Across our diverse and expanding portfolio of confectionery, food, and petcare products and services, we employ more than 130,000 dedicated Associates who are all moving in the same direction: forward. With $40 billion in annual sales, we produce some of the world’s best-loved brands including DOVE®, EXTRA®, M&M’s®, MILKY WAY®, SNICKERS®, TWIX®, ORBIT®, PEDIGREE®, ROYAL CANIN®, SKITTLES®, BEN’S ORIGINAL™, WHISKAS®, COCOAVIA®, and 5™; and take care of half of the world’s pets through our pet health services AniCura, Banfield Pet Hospitals™, BluePearl®, Linnaeus, Pet Partners™, and VCA™. We know we can only be truly successful if our partners and the communities in which we operate prosper as well. The Mars Five Principles – Quality, Responsibility, Mutuality, Efficiency and Freedom – inspire our Associates to take action every day to help create a world tomorrow in which the planet, its people and pets can thrive. For more information about Mars, please visit www.mars.com. Join us on Facebook, Twitter, LinkedIn, Instagram and YouTube.

About McCormick & Company

McCormick & Company, Incorporated is a global leader in flavor. With over $5 billion in annual sales across 160 countries and territories, we manufacture, market and distribute spices, seasoning mixes, condiments and other flavorful products to the entire food industry including e-commerce channels, grocery, food manufacturers and foodservice businesses. Our most popular brands include McCormick, French’s, Frank’s RedHot, Stubb’s, OLD BAY, Lawry’s, Zatarain’s, Ducros, Vahiné, Cholula, Schwartz, Kamis, DaQiao, Club House, Aeroplane and Gourmet Garden. Every day, no matter where or what you eat or drink, you can enjoy food flavored by McCormick. Founded in 1889 and headquartered in Hunt Valley, Maryland USA, McCormick is guided by our principles and committed to our Purpose – To Stand Together for the Future of Flavor. McCormick envisions A World United by Flavor where healthy, sustainable and delicious go hand in hand. To learn more, visit www.mccormickcorporation.com or follow McCormick & Company on Twitter, Instagram and LinkedIn.

About Ceres

Ceres is a nonprofit organization working with the most influential capital market leaders to solve the world’s greatest sustainability challenges. Through our powerful networks and global collaborations of investors, companies and nonprofits, we inspire action and drive equitable market-based and policy solutions throughout the economy to build a just and sustainable future. For more information, visit ceres.org and follow @CeresNews.

For more information, contact:

Lindsay Funicello-Paul
Guidehouse
781.270.8456
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For organizations interested in working with Supplier LoCT, contact:

Matthew Banks
Guidehouse
202.973.3203
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-- Recognized as a pioneer and leader in simulation for the nuclear industry, GSE is a stronghold of industry experts delivering engineering and workforce solutions to increasingly diverse end markets --

COLUMBIA, Md.--(BUSINESS WIRE)--GSE Systems, Inc. (“GSE Solutions” or “GSE” or the “Company”) (Nasdaq: GVP) a leader in advanced engineering and workforce solutions that support, optimize, and decarbonize operations for the power industry, this year celebrates 50 years of service to power generation industries with a new 5-year vision.

2021 marks the 50th anniversary of GSE delivering the first full-scope nuclear power plant simulator to the Rancho Seco Nuclear Generating Station in California. The Company has since delivered over 170 nuclear plant simulators to customers worldwide and extended its solutions to deliver essential engineering services, software products, and workforce solutions.

Over five decades, GSE has continually evolved, focusing on providing ever more innovative and technology-based solutions to customers. The Company is once again moving forward through innovation to target its services to help customers meet decarbonization goals within the power industry. GSE’s new 5-year vision will draw on its deep expertise to advance the mission of decarbonization, broadening its reach beyond zero-carbon nuclear power to natural zero-carbon adjacencies such as hydrogen, wind, utility-scale battery storage and other critical technologies required for a zero-carbon grid.

“Celebrating 50 years is exciting for our employees and customers,” said Kyle Loudermilk, President and CEO of GSE Solutions. "Recent contract announcements reflect the extraordinary skills and unique expertise for which GSE has been known throughout our history. We are proud of our efforts to drive the availability and reliability of clean, abundant, and affordable energy for society, enabling environmental equity as a result. The future looks very bright for GSE and we look forward to supporting our longstanding clients and new customers in the years to come as the nation invests heavily in decarbonizing the grid."

ABOUT GSE SOLUTIONS

We are visionaries, and the solutions we create now will be at the forefront of the power industry. GSE Solutions leverages five decades of proven industry experience to provide unique and essential engineering and workforce solutions, services and products focused on performance optimization, regulatory compliance, simulation, training, and staffing for customers worldwide. As one of the largest independent companies serving the clean energy sector of nuclear power and adjacent industries, our solutions support the future of clean energy production and overall decarbonization initiatives of the power industry. www.gses.com

Media Contact
Sunny DeMattio, GSE Solutions
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P: +1 410.970.7931

Investor Contact
Kalle Ahl, The Equity Group
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P: +1 212.836.9614

FORT WORTH, Texas--(BUSINESS WIRE)--Basic Energy Services, Inc. (OTCQX: BASX) (“Basic” or the “Company”) today announced it has elected to utilize the 30-day grace period under the terms of the indenture governing its 10.75% senior secured notes due 2023 (the “Notes”) with respect to a $16.335 million interest payment due today. Basic believes it is in the best interests of all stakeholders to use the grace period to continue its ongoing discussions with its debtholders regarding strategic alternatives to improve Basic’s long-term capital structure.

Basic also announced today it has entered into a Forbearance Agreement with a majority of the lenders under its revolving credit facility who have agreed to forbear from exercising remedies in respect of certain events of default thereunder, including the failure to pay interest on the Notes, until April 28, 2021 (unless the agreement is earlier terminated pursuant to the terms thereof). The Company also intends to postpone its 2021 annual meeting so management can focus their efforts on the discussions with creditors.

The Company issued the following statement:

“We have made the strategic choice to use the grace period while we continue our ongoing, constructive discussions with Basic’s bondholders. We anticipate meeting all of our obligations to suppliers, customers, employees and others, and will continue providing our customers with industry-leading expertise and safe, efficient services. Importantly, for the benefit of the Company and all of our stakeholders, the options we are currently contemplating would leave our employees, customers and trade partners unaffected.”

About Basic Energy Services

Basic Energy Services provides wellsite services essential to maintaining production from the oil and gas wells within its operating areas. The Company’s operations are managed regionally and are concentrated in major United States onshore oil-producing regions located in Texas, California, New Mexico, Oklahoma, Arkansas, Louisiana, Wyoming, North Dakota, Colorado and Montana. Our operations are focused in prolific basins that have historically exhibited strong drilling and production economics in recent years as well as natural gas-focused shale plays characterized by prolific reserves. Specifically, the Company has a significant presence in the Permian Basin, Bakken, Los Angeles and San Joaquin Basins, Eagle Ford, Haynesville and Powder River Basin. We provide our services to a diverse group of over 2,000 oil and gas companies. Additional information on Basic Energy Services is available on the Company’s website at www.basices.com.

Safe Harbor Statement

This release includes “forward-looking statements” within the meaning of the federal and securities laws. Forward-looking statements are not statements of historical fact and reflect Basic’s current views about future events. The words “believe,” “estimate,” “expect,” “anticipate,” “project,” “intend,” “seek,” “could,” “should,” “may,” “potential” and similar expressions are intended to identify forward-looking statements. However, the absence of these words does not mean that the statements are not forward-looking. Although Basic believes the expectations reflected in its forward-looking statements are reasonable and are based on reasonable assumptions and estimates, certain risks and uncertainties could cause actual results to differ materially from the projections, anticipated results or other expectations expressed in this release. These risks and uncertainties include without limitation, risks associated with our ongoing debtholder discussions, including our ability to negotiate an agreement to deleverage the company on commercially favorable terms or at all, our ability to successfully execute, manage and integrate acquisitions, reductions in our customers’ capital budgets, our own capital budget, limitations on the availability of capital or higher costs of capital, volatility in commodity prices for crude oil, including the recent significant decline in oil prices, and natural gas, local and global impacts of the COVID-19 virus, Basic’s ability to comply with its financial and other covenants and metrics in its debt agreements, as well as any cross-default provisions and the negative impacts of the delisting of the Company’s common stock from the NYSE. Additional important risk factors that could cause actual results to differ materially from expectations are disclosed in Item 1A of the Company’s most recent Annual Report on Form 10-K and other filings with the Securities and Exchange Commission. While Basic makes these statements and projections in good faith, neither Basic nor its management can guarantee that the transactions will be consummated or that anticipated future results will be achieved. Any forward-looking statement speaks only as of the date on which such statement is made and Basic assumes no obligation to publicly update or revise any forward-looking statements made herein or any other forward-looking statements made by Basic, whether as a result of new information, future events, or otherwise, except as required by applicable law.

Trey Stolz
Director of Financial Planning & Analysis
Basic Energy Services, Inc.
817-334-4100

Declares Quarterly Dividend of $0.25 Per Share

ROCKVILLE, Md.--(BUSINESS WIRE)--Argan, Inc. (NYSE:AGX) (“Argan” or the “Company”) today announced financial results for its fiscal year and fourth quarter ended January 31, 2021. For additional information, please read the Company’s Annual Report on Form 10-K, which the Company intends to file today with the U.S. Securities and Exchange Commission (the “SEC”). The Annual Report can be retrieved from the SEC’s website at www.sec.gov or from the Company’s website at www.arganinc.com.

Summary Information (dollars in thousands, except per share data)

“It was a tremendous Fiscal 2021 for Argan operationally and financially compared to last year,” Rainer Bosselmann, Chairman and Chief Executive Officer of Argan, said. “The $75 million EBITDA turnaround during the COVID-19 pandemic is a testament to our conservative approach and dedicated employees. While promoting safety, all of our business segments improved profitability as a percent of revenues and decreased their operating costs, translating to an improved bottom line. With the successes of the just concluded fiscal year and other prior years as well, we were pleased to return almost $50 million in value back to our shareholders by paying $3.00 per share in dividends during the course of the year.”

Summarizing the results for the year, he continued, “Gemma Power Systems continues to drive our business with increased execution on the Guernsey Power Station project which is the largest in our history. APC reduced its loss on a major project in the UK and is working hard to help its customer successfully complete the project. Additionally, all of our subsidiaries have generally increased the number of revenue opportunities.

“As I have noted before, while certain EPC project development timelines have proven to be longer than originally anticipated and it is possible that some of these projects ultimately will not be built, we have multiple signed EPC contracts for power plant projects totaling several billion dollars in work for us. Even though many factors are out of our control, we are optimistic that we will receive the construction go ahead on several of these projects and others in this new year. We are negotiating exclusively with the owners of several significant renewable power projects for which we expect to begin EPC services contract activities during the year. These additions should grow our renewable power sector business as complementary to our core gas-fired power plant business,” he concluded.

Fiscal Year 2021 Results:

Consolidated revenues for the year ended January 31, 2021 (“Fiscal 2021”) were $392.2 million, which represented an increase of $153.2 million, or 64.1%, from consolidated revenues of $239.0 million reported for the year ended January 31, 2020 (“Fiscal 2020”). The increase was primarily due to increasing revenues at Gemma Power Systems (“GPS”) associated with the construction of the Guernsey Power Station, which did not commence until the third quarter of Fiscal 2020. While we were able to increase profitability as a percent of revenues at all of our non-GPS subsidiaries, we did experience an overall decrease in revenues for the year at each of them compared to the prior year. We believe that all of our businesses were adversely impacted, to some degree, by continuing difficulties presented by the COVID-19 pandemic. These difficulties include, among others, delayed project awards and starts, restrictive and reduced work environments, additional health and safety costs, and compliance with various government lockdowns and other requirements.

Consolidated gross profit for Fiscal 2021 was $62.1 million, or 15.8% of the corresponding consolidated revenues, which reflected the favorable impacts of the higher consolidated revenues. This contrasts significantly to the consolidated gross loss for Fiscal 2020 in the amount of $6.8 million, which was driven by the subcontract loss incurred by Atlantic Projects Company in the reported amount of $33.6 million, related to the TeesREP project.

Selling, general and administrative expenses decreased by 11.5%, to $39.0 million for Fiscal 2021 from an amount of $44.1 million for the prior year. In addition, during Fiscal 2020, we recorded an impairment loss related to the goodwill of two of our subsidiaries in the aggregate amount of $4.9 million. Offsetting some of these cost savings, due significantly to the extremely low rates of return on amounts invested in cash equivalents and short-term investments during Fiscal 2021, other income declined to $1.9 million from $8.1 million for Fiscal 2020 despite the increase in the amount of invested funds between years.

Due primarily to the consolidated pre-tax book income reported for Fiscal 2021 in the amount of $24.9 million, we reported income tax expense in the amount of $1.1 million for the year, which amount is net of a $4.4 million net operating loss carryback benefit, substantially all of which was recorded in the first quarter of Fiscal 2021. The consolidated income tax benefit of $7.1 million for Fiscal 2020 related substantially to the loss before income taxes incurred during the year.

For Fiscal 2021, our improved overall operating performance resulted in net income attributable to our stockholders in the amount of $23.9 million, or $1.51 per diluted share. Last year, we reported a net loss attributable to our stockholders in the amount of $42.7 million, or $2.73 per dilutive share. In December 2020, the Company paid its fourth regular quarterly cash dividend of $0.25 per share of common stock for Fiscal 2021, and a special cash dividend payment of $1.00 per share of common stock.

As of January 31, 2021, cash, cash equivalents and short-term investments totaled $457 million and net liquidity was $269 million; furthermore, the Company had no debt. The Company’s consolidated amount of RUPO was approximately $0.6 billion as of January 31, 2021.

Fourth Quarter Results:

Revenues increased 72% to $117.2 million for the fourth quarter of Fiscal 2021, compared to $68.0 million for the fourth quarter last year, as we experienced increased business activity at all of our subsidiaries which reflected increased project work as the COVID-19 impacts begin to abate and the increasing activities on the Guernsey Power Station project. Gross profits increased 319% to $22.1 million for the fourth quarter of Fiscal 2021 from $5.2 million for last fourth quarter, generally reflecting the reasons discussed in the full year results above.

Selling, general and administrative expenses decreased by 17.4%, to $10.2 million for the current quarter from an amount of $12.4 million included in the results for the prior year quarter which also included a goodwill impairment loss of $2.8 million. Due to our profitable fourth quarter for Fiscal 2021, we recorded income tax expense in the amount of $2.5 million.

As a result, net income attributable to our stockholders for the three months ended January 31, 2021 increased to $9.6 million, or $0.60 per diluted share, compared to a loss of $7.2 million, or $0.46 per diluted share, for last year’s fourth quarter.

Quarterly Dividend:

On Monday, April 12, 2021, our Board of Directors declared a regular quarterly cash dividend in the amount of $0.25 per share of common stock, payable April 30, 2021 to stockholders of record at the close of business on April 22, 2021.

About Argan, Inc.

Argan’s primary business is providing a full range of services to the power industry, including the renewable energy sector. Argan’s service offerings focus on the engineering, procurement and construction of natural gas-fired power plants, along with related commissioning, operations management, maintenance, project development and consulting services, through its Gemma Power Systems and Atlantic Projects Company operations. Argan also owns The Roberts Company, which is a fully integrated fabrication, construction and industrial plant services company, and SMC Infrastructure Solutions, which provides telecommunications infrastructure services.

Certain matters discussed in this press release may constitute forward-looking statements within the meaning of the federal securities laws and the Company’s future financial performance is subject to risks and uncertainties including but not limited to the successful addition of new contracts to project backlog, the receipt of corresponding notices to proceed with contract activities, the Company’s ability to successfully complete the projects that it obtains, and the Company’s success in minimizing the adverse impacts of the COVID-19 pandemic on the Company’s businesses. The Company has several signed EPC contracts that have not started and may not start as forecasted due to market and other circumstances beyond its control. Actual results and the timing of certain events could differ materially from those projected in or contemplated by the forward-looking statements due to the number of factors described from time to time in the Company’s SEC filings. In addition, reference is hereby made to the cautionary statements made by the Company with respect to risk factors set forth in its most recent reports on Form 10-K, Forms 10-Q and other SEC filings.

Company:
Rainer Bosselmann
301.315.0027

Investor Relations:
David Watson
301.315.0027

SEATTLE--(BUSINESS WIRE)--A major northeast power producer has chosen CS Energy and Doosan GridTech to design, build and operate a community solar + storage system (PV+S) in New England. This 5.1MW-PV/2.5MW hybrid power system would be one of the first DC-coupled configurations installed under the Massachusetts SMART and Clean Peak Standard (CPS) program.

CS Energy was named the prime contractor to provide the project's engineering, procurement, and construction (EPC) services. A leader in solar and storage turnkey execution nationally, the company has integrated over 75MWhs of battery storage under the Massachusetts SMART program. CS Energy worked with Doosan engineers to design the hybrid power system that will lower costs, fulfill MA-SMART and CPS requirements, optimize its financial incentives, and deliver clipped energy recapture. The system will be operational in the fourth quarter of 2021.

Doosan's energy management solution (EMS) pairs its on-premise Intelligent Controller platform with its cloud-based performance analysis and power plant operation modules. This system is built on open standard communication interfaces and has proven its solar + storage capabilities in both AC- and DC-coupled configurations.

Doosan's comprehensive EMS will bring:

• power plant control capability to optimize solar & storage output and maximize economic return,
• a suite of intelligent PV+S functionalities that achieve plant targets while minimizing battery degradation,
• high reliability through self-healing capabilities and zero downtime updates, and
• the ability to create custom key performance indicators, benchmarks, and visualizations, including the plant's historical and forecasted performance – as part of its performance analyzer module.

CS Energy is a leading integrated energy firm that designs and builds solar and storage systems for emerging energy industries. Over the last 15 years, we have constructed over 1GW of distributed energy projects nationally. CS Energy was named the top solar EPC contractor in Massachusetts and New York by Power World Magazine in 2019 and 2020. Our most recent turnkey projects include a 38MW/139MWh DC-coupled battery for a private client in NY and critical infrastructure of a 2.5 MW/20 MWh storage microgrid in Florida.

Doosan GridTech® is a multi-disciplined team of power system engineers, software developers, and turnkey energy storage specialists. We help electric utilities and other megawatt-scale power producers evaluate, procure, integrate and optimize energy storage, solar power, and other distributed energy resources. Our global teams in Seattle, Melbourne, and Seoul have designed, built, and/or controlled over 30 energy storage installations in the Americas and Asian-Pacific regions – representing nearly 320MW of capacity.

Megan O'Brien
Doosan GridTech
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206-719-6485

AUSTIN, Texas--(BUSINESS WIRE)--USA Compression Partners, LP (NYSE: USAC) (“USA Compression”) today announced a cash distribution of $0.525 per common unit ($2.10 on an annualized basis) for the first quarter of 2021. The distribution will be paid on May 7, 2021, to unitholders of record as of the close of business on April 26, 2021.

First Quarter 2021 Earnings Conference Call

In addition, USA Compression will release its first quarter 2021 results prior to the opening of U.S. financial markets on Tuesday, May 4. Management will conduct an investor conference call the same day starting at 11 a.m. Eastern Time (10 a.m. Central Time) to discuss financial and operating results. The call will be broadcast live over the internet. Investors may participate either by phone or audio webcast.

ABOUT USA COMPRESSION PARTNERS, LP

USA Compression Partners, LP is a growth-oriented Delaware limited partnership that is one of the nation’s largest independent providers of natural gas compression services in terms of total compression fleet horsepower. USA Compression partners with a broad customer base composed of producers, processors, gatherers and transporters of natural gas and crude oil. USA Compression focuses on providing natural gas compression services to infrastructure applications primarily in high-volume gathering systems, processing facilities and transportation applications. More information is available at usacompression.com.

NON-U.S. WITHHOLDING INFORMATION

This release is intended to be a qualified notice under Treasury Regulation Section 1.1446-4(b). Brokers and nominees should treat one hundred percent (100.0%) of USA Compression’s distributions to non-U.S. investors as being attributable to income that is effectively connected with a United States trade or business. Accordingly, USA Compression’s distributions to non-U.S. investors are subject to federal income tax withholding at the highest applicable effective tax rate.

FORWARD-LOOKING STATEMENTS

Statements in this press release may be forward-looking statements as defined under federal law. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of uncertainties and factors, many of which are outside the control of USA Compression, and a variety of risks that could cause results to differ materially from those expected by management of USA Compression. USA Compression undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results over time.

Matt Liuzzi / 512-369-1624
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WASHINGTON--(BUSINESS WIRE)--The Cleanie Awards^®, the leading awards program dedicated to honoring people and brands making an impact in the clean energy economy, announced today a partnership with REpowering Schools. The new awards category will recognize the achievements of college students and teams. The Cleanie Awards will donate a portion of their proceeds to REpowering Schools.

REpowering Schools is a 501c3 non-profit organization working with educators, renewable energy industry leaders, and national and state government projects to support programming and opportunities to engage and train a diverse and sustained renewable energy workforce. The organization supports and connects the renewable energy industry with K12 schools, educators, and colleges and universities seeking to boost STEM learning. Additionally, REpowering Schools introduces new job opportunities to students to build a diverse and sustained workforce. By educating students and their communities about renewable energy, REpowering Schools strives to increase the pool of qualified labor and inform citizens to make educated energy decisions.

The College Excellence award will recognize college-level students (individuals and/or groups) who are making an impact in cleantech through coursework, capstone research projects, and various competitions. Applications open April 22. The eligibility period to qualify for consideration as an honoree for the 2021 The Cleanie Awards is between January 1, 2020 to April 22, 2021.

Winners in the College Excellence category will have opportunities to network with The Cleanie Awards highly prominent advisory board and judging panel, as well as host a presentation at the virtual awards ceremony in September.

“We are delighted to partner with REpowering Schools to highlight the accomplishments of the next generation of the cleantech workforce,” said Randee Gilmore, Executive Director of The Cleanie Awards. “Young people have the most to gain through the transition to a clean energy economy and inspire us to support the development of a homegrown American workforce proudly focused on creating a sustainable future and contributing to a global economy. We are proud to partner with REpowering Schools on this award, and to support their mission of inspiring K-12 children to create the next generation of cleantech innovations.”

“REpowering Schools is so excited to be partnering with The Cleanie Awards on this new collegiate excellence award,” said Remy Pangle, Executive Directly of REpowering Schools. The Cleanie Awards is such a respected and well-known awards program, and we look forward to the opportunity to work with them to recognize the amazing things happening on college campuses throughout the country to bring renewable energy into the forefront.”

Please visit www.thecleanieawards.com for more information. Applications open on April 22.

About The Cleanie Awards^®

The Cleanie Awards is the only cleantech and renewables industry awards program focused on honoring innovators and disruptors who are creating market-moving solutions. The program’s mission is to influence public opinion about technologies working toward a clean energy future. The team includes a highly prominent advisory board and judging panel of experienced business leaders, entrepreneurs, and communicators who are committed to advancing clean technology.

Visit the website at www.thecleanieawards.com and follow The Cleanie Awards on Twitter or Facebook at @CleanieAwards and LinkedIn.

About REpowering Schools

REpowering Schools supports renewable energy education efforts throughout the country and connects industry with students and educators and recognizes excellence in these areas. We do this through a variety of national efforts, such as providing support to states through fundraising assistance and network coordination, providing funding support in the form of grants and scholarships, hosting an annual awards program, and collaborating with other organizations to offer events to connect industry, students, and educators.

Visit our website at https://www.repoweringschools.org/ and follow us on Facebook and LinkedIn at @repoweringschools.

Media Contact
Margaret L. Brown
MLB Communications Strategies & Public Relations
703-898-9443
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Sponsorship Contact
Randee Gilmore
Executive Director
The Cleanie Awards^®
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CALGARY, Alberta--(BUSINESS WIRE)--(TSE:IMO, NYSE American: IMO) Brad Corson, chairman, president and chief executive officer, and Dave Hughes, vice-president investor relations, Imperial Oil Limited, will host a 2021 First Quarter Earnings Call on Friday, April 30, following the company’s first quarter earnings release that morning. The event begins at 9 a.m. MT and will be accessible by webcast.

During the call, Mr. Corson will offer brief remarks prior to taking questions from Imperial’s covering analysts.

Please click here [https://edge.media-server.com/mmc/p/krc7beim] to register for the live webcast. The webcast will be available for one year on the company’s website at www.imperialoil.ca/en-ca/company/investors.

Source: Imperial

After more than a century, Imperial continues to be an industry leader in applying technology and innovation to responsibly develop Canada’s energy resources. As Canada’s largest petroleum refiner, a major producer of crude oil, a key petrochemical producer and a leading fuels marketer from coast to coast, our company remains committed to high standards across all areas of our business.

Investor relations
(587) 476-4743

Media relations
(587) 476-7010

HALIFAX, Nova Scotia--(BUSINESS WIRE)--Today Emera (TSX: EMA) announced that it will release its Q1 2021 results on Wednesday, May 12, 2021, before markets open. The Company will host a teleconference and webcast the same day at 9:30 a.m. Atlantic (8:30 a.m. Eastern) to discuss the results.

Analysts and other interested parties in North America are invited to participate by dialing 1-866-521-4909. International parties are invited to participate by dialing 1-647-427-2311. Participants should dial in at least 10 minutes prior to the start of the call. No pass code is required.

A live and archived audio webcast of the teleconference will be available on the Company's website, www.emera.com. A replay of the teleconference will be available two hours after the conclusion of the call by dialing 1-800-585-8367 and entering pass code 7046138.

Emera will hold its Annual General Meeting on Thursday, May 20, 2021, at 11:00 a.m. Atlantic (10:00 a.m. Eastern) at Emera Place, 5151 Terminal Road, Halifax, Nova Scotia.

Emera is subject to the Nova Scotia Companies Act annual general meeting requirements, as well as directives under the Nova Scotia Health Protection Act and Emergency Management Act which currently limit the capacity for in-person meetings. Shareholders will be able to participate in the meeting by webcast and will be able to exercise voting rights and ask questions electronically during the meeting. In the interest of public safety and in light of attendance restrictions, Emera strongly encourages shareholders to take advantage of their option to vote by proxy, in advance, or participate in the meeting through electronic means. More information on how to do so can be accessed at investors.emera.com/2021-annual-meeting.

About Emera Inc.

Emera Inc. is a geographically diverse energy and services company headquartered in Halifax, Nova Scotia, with approximately $31 billion in assets and 2020 revenues of more than $5.5 billion. The company primarily invests in regulated electricity generation and electricity and gas transmission and distribution with a strategic focus on transformation from high carbon to low carbon energy sources. Emera has investments throughout North America, and in four Caribbean countries. Emera’s common and preferred shares are listed on the Toronto Stock Exchange and trade respectively under the symbol EMA, EMA.PR.A, EMA.PR.B, EMA.PR.C, EMA.PR.E, EMA.PR.F, EMA.PR.H and EMA.PR.J. Depositary receipts representing common shares of Emera are listed on the Barbados Stock Exchange under the symbol EMABDR and on The Bahamas International Securities Exchange under the symbol EMAB. Additional Information can be accessed at www.emera.com or at www.sedar.com.

Emera Inc.
Investor Relations
Erin Power, Director, Investor Relations
902-428-6760
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FRAMINGHAM, Mass.--(BUSINESS WIRE)--#cleanenergy--Ameresco, Inc. (NYSE:AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy, today announced that it will release its first quarter 2021 financial results after the close of the market on Tuesday, May 4, 2021. The earnings press release will be available on the “Investor Relations” section of the Company’s website at www.ameresco.com. The Company will host an earnings conference call at 4:30 p.m. ET the same day.

In conjunction with its earnings conference call and press release, the Company will provide supplemental information concerning the financial results. The supplemental information on a Current Report on Form 8-K will be posted to the “Investor Relations” section of the Company's website.

Participants may access the earnings conference call by dialing domestically +1 (877) 359-9508 or internationally +1 (224) 357-2393. The passcode is 5664848. Participants are advised to dial into the call at least ten minutes prior to register. A live, listen-only webcast of the conference call will also be available over the Internet. Individuals wishing to listen can access the call through the “Investor Relations” section of the Company’s website at www.ameresco.com. If you are unable to listen to the live call, an archived webcast will be available on the Company’s website for one year.

About Ameresco, Inc.

Founded in 2000, Ameresco, Inc. (NYSE:AMRC) is a leading cleantech integrator and renewable energy asset developer, owner and operator. Our comprehensive portfolio includes energy efficiency, infrastructure upgrades, asset sustainability and renewable energy solutions delivered to clients throughout North America and the United Kingdom. Ameresco’s sustainability services in support of clients’ pursuit of Net Zero include upgrades to a facility’s energy infrastructure and the development, construction, and operation of distributed energy resources. Ameresco has successfully completed energy saving, environmentally responsible projects with Federal, state and local governments, healthcare and educational institutions, housing authorities, and commercial and industrial customers. With its corporate headquarters in Framingham, MA, Ameresco has more than 1,000 employees providing local expertise in the United States, Canada, and the United Kingdom. For more information, visit www.ameresco.com.

Media Relations
Leila Dillon, 508.661.2264, This email address is being protected from spambots. You need JavaScript enabled to view it.

Investor Relations
Eric Prouty, Advisiry Partners, 212.750.5800, This email address is being protected from spambots. You need JavaScript enabled to view it.
Lynn Morgen, Advisiry Partners, 212.750.5800, This email address is being protected from spambots. You need JavaScript enabled to view it.

DUBLIN--(BUSINESS WIRE)--The "Global Electric Vehicle (EV) Charging Station Market 2021-2025" report has been added to ResearchAndMarkets.com's offering.

The publisher has been monitoring the electric vehicle (EV) charging station market and it is poised to grow by $22.02 billion during 2021-2025 progressing at a CAGR of 31% during the forecast period.

The report on electric vehicle (EV) charging station 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 increasing number of M&A and strategic partnerships and government subsidies and incentives.

The electric vehicle (EV) charging station market analysis includes type segment and geographical landscapes. This study identifies declining prices of lithium-ion batteries as one of the prime reasons driving the electric vehicle (EV) charging station market growth during the next few years.

Companies Mentioned

• ABB Ltd.
• ChargePoint Inc.
• ENGIE SA
• EV Safe Charge Inc.
• EVgo Services LLC
• Leviton Manufacturing Co. Inc.
• Schneider Electric SE
• Siemens AG
• Tesla Inc.
• Webasto SE

The report on electric vehicle (EV) charging station market covers the following areas:

• Electric vehicle (EV) charging station market sizing
• Electric vehicle (EV) charging station market forecast
• Electric vehicle (EV) charging station 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 an 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 Analysis
• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

5. Market Segmentation by Type

• Market segments
• Comparison by Type
• AC - Market size and forecast 2020-2025
• DC - Market size and forecast 2020-2025
• Market opportunity by Type

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

9. Vendor Analysis

• Vendors covered
• Market positioning of vendors

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/5uh7tk

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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Company Named to 2021 Utility Transformation Leaderboard

SAN FRANCISCO--(BUSINESS WIRE)--While fans of professional golf were riveted to the Masters leaderboard last weekend, Pacific Gas and Electric Company (PG&E) has earned a spot on a different kind of leaderboard – one recognizing utilities for their progress toward a modern, carbon-free electric system.

Today, the Smart Electric Power Alliance (SEPA) released its comprehensive assessment of more than 100 U.S. utilities’ clean power efforts. PG&E demonstrated significant progress, landing it on the 2021 Utility Transformation Leaderboard.

SEPA launched the Utility Transformation Challenge this year in recognition of the increased industry focus on carbon reduction. SEPA analyzed surveys from 135 utilities, representing more than 83 million customer accounts, or approximately 63% of all U.S. electric customer accounts.

“PG&E stands out due to its comprehensive efforts to transition to a carbon-free energy future, and most importantly, its results," said SEPA President and CEO Julia Hamm. "The transformation to a clean and modern energy system involves much more than clean energy generation; it will require changes to almost every part of a utility’s business. We applaud PG&E for its progress, and recognize that much work remains. The world does not have the luxury of time on carbon reduction."

The Utility Transformation Challenge evaluated utilities using a survey to assess their actions in four key areas: corporate leadership; clean energy resources; modern grid enablement; and aligned actions and engagement.

“Earning a top spot on SEPA’s leaderboard is a little like earning the famed green jacket, but better, because it recognizes our progress toward a green energy future that benefits all of us,” said Patti Poppe, Chief Executive Officer of PG&E Corporation. “We recognize that our role in helping California achieve its climate and clean energy goals is possible only if we deliver on our safety commitments for our hometowns. Our focus is on transforming our business, culture and energy system to strengthen our Triple Bottom Line of serving people, the planet and prosperity for California.”

SEPA’s assessment found that utilities with strong commitments to carbon reduction have made the most progress in creating a modern, clean electric grid.

PG&E’s clean energy efforts include:

• Delivering more than 88% of its electricity to customers from greenhouse gas-free resources including nuclear, large hydroelectric and eligible-renewable energy in 2020.

• Exceeding California’s Renewables Portfolio Standard requirement of 33% by 2020 by delivering over 35% of electricity to customers last year from renewable energy, including solar, wind, bioenergy, geothermal and small hydroelectric (30 megawatts or smaller) power. In SEPA’s Annual Utility Market Survey, PG&E ranked number one in 2019 and 2018 for annual solar megawatts. The Utility Transformation Challenge expands the survey focus.

• Connecting more than 535,000 customers with private rooftop solar to the electricity grid, and supporting those customers with resources before, during and after they go solar. The rooftop solar in PG&E’s service area represents about 20% of all rooftop solar in the country.

• Investing in Battery Energy Storage Systems (BESS) to enhance overall grid reliability, integrate renewables and help customers save energy and money. PG&E has contracts for BESS projects totaling more than 1,400 megawatts, including one of the largest utility-owned lithium-ion BESS in the world, which is on track to become operational this summer.

• Expanding access to electric vehicles (EV) and charging stations to reduce emissions and improve air quality. More than 327,000 EVs are registered in PG&E’s service area, accounting for approximately one in every five EVs in the nation.

• Reducing its own carbon footprint with PG&E’s Million Ton Challenge, a voluntary goal to avoid one million tons of greenhouse gas emissions from its operations over five years. PG&E is reducing methane emissions from its gas operations through a combination of advanced leak detection and repair strategies, pipeline replacements, operational improvements and research and development.

SEPA’s Utility Transformation Challenge also offered recommendations on how utilities can continue to move the needle on carbon reduction. The Utility Transformation Profile report and executive summary are available at https://sepapower.org/utility-transformation-challenge/.

About PG&E

Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is a combined natural gas and electric utility serving more than 16 million people across 70,000 square miles in Northern and Central California. For more information, visit pge.com and pge.com/news.

About SEPA

The Smart Electric Power Alliance (SEPA) helps address the most pressing issues encountered in the smart transition to a carbon-free energy system. Utilities, industry, regulators and other electric power stakeholders trust SEPA to provide education, research, standards and collaboration around a clean and modern energy future.

MEDIA RELATIONS:
415-973-5930

BOISE, Idaho--(BUSINESS WIRE)--IDACORP, Inc. (NYSE:IDA) will report its first quarter results on Thursday, April 29, in a news release before the stock markets open. The company will hold an analyst conference call that day at 2:30 p.m. Mountain Time (4:30 p.m. Eastern Time) to discuss the first quarter 2021 earnings.

All parties interested in listening may do so through a live Webcast or by calling (833) 759-1159 for listen-only mode. The passcode for the call is 5178488. The conference call logistics are posted on the company’s Website (www.idacorpinc.com) and will be included in the company’s earnings news release. Slides will be included during the conference call. To access the slide deck, register for the event just prior to the call at https://www.idacorpinc.com/investor-relations/earnings-center/default.aspx. A replay of the conference call will be available on the company’s website for a period of 12 months and will be available shortly after the call.

IDACORP, Inc., Boise, Idaho-based and formed in 1998, is a holding company comprised of Idaho Power Company, a regulated electric utility; IDACORP Financial, a holder of affordable housing projects and other real estate investments; and Ida-West Energy, an operator of small hydroelectric generation projects that satisfy the requirements of the Public Utility Regulatory Policies Act of 1978. Idaho Power began operations in 1916 and employs approximately 2,000 people to serve a 24,000 square-mile service area in southern Idaho and eastern Oregon. Idaho Power's goal of 100% clean energy by 2045 builds on its long history as a clean-energy leader providing reliable service at affordable prices. With 17 low-cost hydropower projects at the core of its diverse energy mix, Idaho Power’s more than 580,000 residential, business, and agricultural customers pay among the nation’s lowest prices for electricity. To learn more about IDACORP or Idaho Power, visit www.idacorpinc.com or www.idahopower.com.

Justin S. Forsberg
Director of Investor Relations & Treasury
Phone: (208) 388-2728
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To Extend Mobility Digital Twins for Dynamic Multimodal Simulation

EXTON, Pa.--(BUSINESS WIRE)--Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, today announced the acquisition of INRO Software, a global leader in multimodal transportation planning, traffic simulation, and mobility visualization software. The acquisition expands Bentley’s capabilities in the important growth area of mobility digital twins, just as countries including the U.S. are poised to make a generational investment in infrastructure, and as transportation systems must evolve faster to accommodate both urbanization and carbon reduction goals, and the transition to electric and autonomous vehicles.

INRO, based in Montreal, Quebec, Canada, has for more than 40 years contributed to the advancement of mobility simulation and modeling for metropolitan, regional, and national transport and transit operators and planning agencies. Users of its multimodal simulation offerings include some of the world’s busiest transit systems and metros, such as Transport for London, Transport for New South Wales, the Washington State Department of Transportation, the Swedish Transport Administration Trafikverket, and the public transport system of São Paulo SPTrans.

INRO’s products include Emme, a multimodal transportation planning system for urban, regional, and national transportation forecasting; Dynameq, a vehicle-based traffic simulation platform for city-wide traffic planning; and CityPhi, a mobility visualization solution providing data visualization and visual analytics of large-scale mobility and geospatial datasets.

Combining the capabilities of INRO’s advanced traffic and vehicle simulation with Bentley’s passenger and pedestrian simulation and civil design software, including CUBE, Streetlytics, LEGION, and OpenRoads, places Bentley in a very strong position to deliver comprehensive mobility digital twins of multimodal transportation systems at urban, metropolitan, regional, and national scale.

Advancing Mobility Digital Twins

Urban planners are seeking to understand the ongoing impacts—on transportation system performance, reliability, and accessibility—of the new opportunities and challenges of private and shared mobility, the propensity for cycling or walking, connected autonomous vehicles, and potential congestion charging. With respect to their traditionally circumscribed use of transportation modeling tools in isolation and only on occasion, multiple advantages are now attainable through mobility digital twins, which can be continuously updated with as-operated engineering conditions and with observed traffic data. Mobility digital twins bring these functions together so that infrastructure planning and simulations can be continuously valuable throughout engineering, construction, and operations.

The pandemic experience reinforces the resilience value of sustaining “evergreen” planning and engineering modeling and simulation to maintain fitness for purpose during unanticipated eventualities. With the priority now on “building back better,” it is increasingly recognized that the most economical way to augment infrastructure capacity, while accomplishing the needed energy transitions toward climate sustainability, is to optimize the utilization, configuration, and life extension of existing mobility assets, while adding integrated and appealing public transit options.

This requirement now sets the stage for mobility digital twins that need to be multimodal, need detailed dynamic traffic assignment and agent-based methods for veracity, and need to scale up to systemwide and regionwide—uniquely hallmarks of INRO. As the leader in infrastructure digital twins, Bentley’s iTwin platform can now bring together—with the best-validated aggregate and individual vehicle and pedestrian simulation—3D/4D continuous surveying and reality modeling, civil engineering and project delivery, and asset and network performance. Ultimately, the opportunity for digital cities is to save their constituents time in their day, while at the same time improving congestion and climate resilience, and safety.

“We are very pleased to welcome INRO to Bentley Systems,” said Robert Mankowski, senior vice president, digital cities, Bentley Systems. “Professor Michael Florian and his team led the research of advanced multimodal network modeling methods which helped establish state-of-the-art mobility simulation, and in this next generation his son Dan is leading its software future in our mobility digital twin advancement. With the addition of INRO and its world-class team, Bentley Systems can even better accelerate cities and regions in going digital to ‘build back better’!”

Dr. Michael Florian, founder of INRO, said, “Bentley is a recognized leader in transportation across the infrastructure lifecycle from planning and design to heavy civil construction and road network management. My colleagues and I are very excited to join Bentley and to help realize the vision shared by thousands of cities and urban regions throughout the world to improve their sustainability and quality of life.”

Image 1: Emme

Caption: Image produced with Emme (www.inrosoftware.com/emme) using data from Metro (https://www.oregonmetro.gov/)

Image 2: Dynameq

Caption: Image produced with Dynameq (www.inrosoftware.com/dynameq) using data from SFCTA (https://www.sfcta.org/)

Image 3: CityPhi

Caption: Image produced with CityPhi (www.inrosoftware.com/cityphi) using data from http://www.andresmh.com/nyctaxitrips/

Image 4: INRO Products

Caption: INRO is a global leader in multimodal transportation planning, traffic simulation, and mobility visualization software

Video: Seattle synthetic travel demand model

Caption: Illustration of ~20 million activities completed over the course of a day by 3.6 million people from a synthesized travel demand model of the Seattle metropolitan region. Activities are shown as time-animated vertical extrusions of population movements colored by purpose. The heads-up display summarizes the visible population by current activity. Video prepared by INRO using CityPhi (www.inrosoftware.com/cityphi). More information on source data, provided by PSRC, is available at https://www.psrc.org/activity-based-travel-model-soundcast.

About Bentley Systems

Bentley Systems (Nasdaq: BSY) is the infrastructure engineering software company. We provide innovative software to advance the world’s infrastructure – sustaining both the global economy and environment. Our industry-leading software solutions are used by professionals, and organizations of every size, for the design, construction, and operations of roads and bridges, rail and transit, water and wastewater, public works and utilities, buildings and campuses, and industrial facilities. Our offerings include MicroStation-based applications for modeling and simulation, ProjectWise for project delivery, AssetWise for asset and network performance, and the iTwin platform for infrastructure digital twins. Bentley Systems employs more than 4,000 colleagues and generates annualized revenues of more than $800 million in 172 countries. www.bentley.com

© 2021 Bentley, the Bentley logo, AssetWise, CUBE, INRO, Emme, Dynameq, CityPhi, iTwin, LEGION, MicroStation, OpenRoads, ProjectWise, and Streetlytics are either registered or unregistered trademarks or service marks of Bentley Systems, Incorporated or one of its direct or indirect wholly owned subsidiaries. All other brands and product names are trademarks of their respective owners.

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Christine Byrne
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The IPP developer, owner, and operator seeks to grow its portfolio through the acquisition of development, operating renewable, and storage assets throughout the US.

PHILADELPHIA--(BUSINESS WIRE)--Global Energy Generation LLC, a developer and operator of clean energy generation assets, welcomes Ignacio Ibarguren as VP, M&A and Finance.

Ignacio was previously Sr. Director, Business Development at Tyr Energy, Inc (“Tyr”). Ignacio has 15+ years’ experience in the global power business having held a variety of positions ranging from Treasury, Asset Management, Power Origination and M&A. At Tyr, Ignacio was deal lead for cash and tax equity transactions, pursued Tyr’s expansion into Latin America, and was asset manager for several gas fired assets in CAISO and PJM. Ignacio holds a Licentiate in Economics from Universidad de Córdoba (Argentina), an MBA with a concentration in Finance from the University of Kansas and is a CFA Charter Holder.

“Mr. Ibarguren’s role as a leader in our organization assures that our focus on growth continues to identify only the best opportunities. From asset management to operations, our experienced team can rely on Ignacio for excellence. Over the coming months we will be deploying some of the biggest renewable assets in America.,” – Nick Cohen, President & CEO.

Ignacio will be responsible for growing Global Energy Generation’s development and operating asset portfolio and leading other major commercial efforts. Global Energy Generation’s portfolio comprises of over three (3) gigawatts of projects under development, mostly in the Mid-Atlantic and Midwest regions.

“Global Energy Generation LLC, a member of the Doral Group, follows the same success model that propelled Doral Group into a renewable energy leader both in Israel and abroad. We aim to hire the best people and execute with a long-range owner view.” – Yaki Noyman, CEO, Doral Group

Global Energy Generation LLC

The Company combines the advanced engineering, development and operating experience of Doral Group with a team of US-based renewable energy & battery storage project developers, leveraging extensive experience throughout the U.S.

Doral Group is a publicly traded (TASE) leading international developer and owner-operator of over 400 energy facilities globally. The GEG management team has over 100 years in combined experience with transactional histories and deep relationships with infrastructure funds, investment banks, tax equity investors and energy industry experts.

GEG has initiated over three gigawatts (dc) of renewables projects in the US, primarily in the Mid-Atlantic and Midwest regions, and continues to add world-class projects to its portfolio every year.

Nick Cohen
President
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570-840-5835
www.gegrenewables.com

Landmark projects awarded across the LNG terminals and gas logistics, petrochemical, and refinery sectors in the Philippines, India, USA and beyond

MANILA, Philippines--(BUSINESS WIRE)--Atlantic Gulf & Pacific Company (AG&P) and its subsidiaries are entering the second quarter of 2021 with a record backlog of contracted projects totaling over US$770 million covering various landmark initiatives in the Philippines, India, the US and elsewhere. The backlog includes work on behalf of five land or marine LNG terminals, a petrochemical complex, modularized oil refinery, an edible oil depot, a new LNG bunkering vessel and engineering for other maritime LNG applications. AG&P is also expected to secure additional projects in the LNG and power sectors within this year.

“AG&P’s Construction Business is forecast to have its best year in its 121-year history, with contracted backlog already over US$770 million spread over 3 years. It is a ground-breaking year for AG&P as it participates in critical infrastructure projects particularly in Asia-Pacific, that will accelerate commercial development, create jobs, clean air and trigger overall economic and social progress,” said Augusto Gan, Chairman, AG&P.

“AG&P is composed of experienced, multi-cultural leaders and a highly-skilled, well-trained workforce that has transformed AG&P from a world-class modular and site construction firm that mainly caters to the energy sector, into a cutting-edge, high-technology global EPC (Engineering Procurement & Construction) company specialized in various LNG infrastructure solutions ranging from LNG bunkering, transport, storage, regasification and distribution,” said Alexander Gamboa, SVP, Business Development, AG&P Construction.

Recently, AG&P was issued the Notice to Proceed (NTP) by the Philippines Department of Energy (DOE) for the development of its LNG import and regasification terminal on Batangas Bay called Philippines LNG (PLNG). PLNG will store LNG and dispatch natural gas to power plant, industrial and commercial customers and other consumers, opening up a new era for the country of clean, efficient fuel and doing its part for the Philippines to compete for and win investment and jobs in the years and decades to come.

AG&P owns and operates a 100-hectare, large-capacity, state-of-the-art heavy fabrication and assembly yard located on Batangas Bay, Philippines, with direct, open water access that allows AG&P to pre-fabricate, manufacture and assemble heavy, large, complex and dense process units and modules, pipe-racks, various pre-assembled structures for plant, building and marine applications, as well as fully commissioned, mission-ready, blast-proof e-houses and electrical & instrumentation control rooms, among others.

About AG&P

Atlantic Gulf & Pacific (AG&P) is a global leader in developing and running LNG and gas logistics and distribution solutions. AG&P delivers LNG and gas to a variety of end-customers. We act as an owner and as a service provider covering engineering, project management, construction and development for onshore and offshore gas infrastructure, linking suppliers to downstream customers. AG&P is part-owned by Osaka Gas and JBIC of Japan.

www.agpglobal.com

For more information, please contact:
AG&P
Anupam Ahuja
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M: +63 (998) 966 5444