DUBLIN--(BUSINESS WIRE)--The "Turkey Midstream Oil and Gas Industry Outlook to 2025" report has been added to ResearchAndMarkets.com's offering.

Turkey Midstream Oil and Gas Industry Outlook to 2025 - Market Outlook for Liquefied Natural Gas (LNG), Liquids Storage, Pipelines, Underground Gas Storage and Gas Processing is a comprehensive report on midstream oil and gas industry in Turkey.

The report provides details such as name, type, operational status and operator for all active and planned (new build) LNG terminals, liquids storage terminals major trunk pipelines, underground gas storage sites and gas processing plants in Turkey till 2025. Further, the report also offers recent developments, financial deals as well as latest contracts awarded in the country's midstream sector, wherever available.

Scope

• Updated information related to all active, planned and announced LNG terminals, oil storage terminals, trunk pipelines, underground gas storage and gas processing plants in the country, including operator and equity details
• Key mergers and acquisitions and asset transactions in the country's midstream oil and gas industry, where available
• Latest developments, financial deals and awarded contracts related to midstream oil and gas industry in the country, wherever available

Reasons to Buy

• Gain strong understanding of the country's midstream oil and gas industry
• Facilitate decision making on the basis of strong historical and outlook of capacity/length data
• Assess your competitor's major LNG terminals, oil storage terminals, trunk pipelines, underground gas storage sites and gas processing plants in the country
• Analyze the latest developments, financial deals landscape and awarded contracts related to the country's midstream oil and gas industry

Key Topics Covered:

1. Table of Contents

1.1. List of Tables

1.2. List of Figures

2. Introduction

2.1. What is This Report About?

2.2. Market Definition

3. Turkey LNG Industry

3.1. Turkey LNG Industry, Regasification

3.1.1. Turkey LNG Industry, Regasification, Key Data

3.2. Turkey LNG Industry, Regasification, Overview

3.2.1. Turkey LNG Industry, Total Regasification Capacity

3.3. Turkey LNG Industry, Regasification Capacity by Major Companies

3.4. Turkey LNG Industry, Regasification, Capacity by Terminal

3.5. Turkey LNG Industry, Asset Details

3.5.1. Turkey LNG Industry, Regasification Active Asset Details

3.5.2. Turkey LNG Industry, Regasification Planned Asset Details

4. Turkey Oil Storage Industry

4.1. Turkey Oil Storage Industry, Key Data

4.2. Turkey Oil Storage Industry, Overview

4.3. Turkey Oil Storage Industry, Storage Operations

4.3.1. Turkey Oil Storage Industry, Total Storage Capacity

4.4. Turkey Oil Storage Industry, Storage Capacity Share by Area

4.5. Turkey Oil Storage Industry, Storage Capacity by Major Companies

4.6. Turkey Oil Storage Industry, Storage Capacity by Terminal

4.7. Turkey Oil Storage Industry, Asset Details

4.7.1. Turkey Oil Storage Industry, Active Asset Details

5. Turkey Oil and Gas Pipelines Industry

5.1. Turkey Oil Pipelines

5.1.1. Turkey Oil Pipelines, Key Data

5.1.2. Turkey Oil Pipelines, Overview

5.2. Turkey Oil and Gas Pipelines Industry, Crude Oil Pipeline Length by Major Companies

5.3. Turkey Oil and Gas Pipelines Industry, Crude Oil Pipelines

5.4. Turkey Oil and Gas Pipelines Industry, Oil Pipelines Asset Details

5.4.1. Turkey Oil and Gas Pipelines Industry, Oil Pipelines Active Asset Details

5.5. Turkey Gas Pipelines

5.5.1. Turkey Gas Pipelines, Key Data

5.5.2. Turkey Gas Pipelines, Overview

5.6. Turkey Oil and Gas Pipelines Industry, Natural Gas Pipeline Length by Major Companies

5.7. Turkey Oil and Gas Pipelines Industry, Natural Gas Pipelines

5.8. Turkey Oil and Gas Pipelines Industry, Gas Pipelines Asset Details

5.8.1. Turkey Oil and Gas Pipelines Industry, Gas Pipelines Active Asset Details

5.8.2. Turkey Oil and Gas Pipelines Industry, Gas Pipelines Planned Asset Details

6. Turkey Underground Gas Storage Industry

6.1. Turkey Underground Gas Storage Industry, Key Data

6.2. Turkey Underground Gas Storage Industry, Overview

6.3. Turkey Underground Gas Storage Industry, Gas Storage Capacity by Company

6.4. Turkey Underground Gas Storage Industry, Storage Capacity by Area

6.5. Turkey Underground Gas Storage Industry, Storage Capacity by Site

6.5.1. Turkey Underground Gas Storage Industry, Storage Capacity by Active Sites

6.5.2. Turkey Underground Gas Storage Industry, Storage Capacity by Planned Sites

6.6. Turkey Underground Gas Storage Industry, Asset Details

6.6.1. Turkey Underground Gas Storage Industry, Active Asset Details

6.6.2. Turkey Underground Gas Storage Industry, Planned Asset Details

7. Turkey Gas Processing Industry

7.1. Turkey Gas Processing Industry, Overview

7.2. Turkey Gas Processing Industry, Gas Processing Capacity by Company

7.3. Turkey Gas Processing Industry, Gas Processing Capacity

7.4. Turkey Gas Processing Industry, Asset Details

7.4.1. Turkey Gas Processing Industry, Active Asset Details

8. Recent Contracts

8.1. Detailed Contract Summary

8.1.1. Awarded Contracts

9. Financial Deals Landscape

9.1. Detailed Deal Summary

9.1.1. Acquisition

9.1.2. Asset Transactions

10. Recent Developments

10.1. Other Significant Developments

10.2. New Contracts Announcements

11. Appendix

For more information about this report visit https://www.researchandmarkets.com/r/omi1g0

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 The funding round was led by AP Ventures, a leader in venture capital related to the hydrogen economy, and included strategic investors from a variety of industries

Infinium’s Electrofuels™ have the potential to help investor Amazon and other companies to decarbonize their operations and meet their net-zero carbon goals

SACRAMENTO, Calif.--(BUSINESS WIRE)--Infinium, an electrofuels solution provider, today announced the close of a funding round bringing together a consortium of investors including Amazon’s Climate Pledge Fund, Mitsubishi Heavy Industries (MHI), AP Ventures, Neuman & Esser, and the Grantham Environmental Trust. The proceeds will be used to advance the development of commercial scale applications to decarbonize the transportation sector.

Infinium’s proprietary technology can enable organizations to meet carbon reduction goals by accelerating the transition away from fossil-based fuels. The Infinium Electrofuels™ process converts renewable power into green hydrogen and then uses this green hydrogen and waste carbon dioxide to produce net-zero carbon fuels. These fuels may be used in today’s plane, ship and truck fleets without changes in infrastructure.

Nearly a quarter of global carbon emissions stem from the transportation sector, posing a significant challenge in industry efforts to reduce emissions. New business mandates that include corporate climate commitments and ESG investing are increasing the demand for low-carbon transportation alternatives. Other solutions, such as electrification, carbon offsets, carbon capture and hydrogen fuel cell technology are part of the solution, but do not fully address transportation’s carbon reduction needs.

Infinium’s Electrofuels™ are drop-in replacements for traditional petroleum-derived products, enabling the commercial transportation industry and logistics operators to make an immediate impact on carbon reduction targets without capital and time intensive upgrades to transportation infrastructure.

“We’re thrilled to be working with Amazon and MHI to demonstrate the commercial impact of our technology,” said Robert Schuetzle, CEO of Infinium. “Backing from the largest hydrogen-focused venture capital firm, AP Ventures, as well as support from Neuman & Esser, an international compressor solutions provider with headquarters in Germany, and the Grantham Environmental Trust is a huge vote of confidence for the promise of electrofuels and our technology’s ability to scale in order to meet today’s urgent climate challenges. We expect that current projects under development will be the first broad-scale utilization of electrofuels by commercial vehicles, harmonizing hydrogen utilization and waste carbon capture.”

"Amazon created The Climate Pledge Fund to support the development of technologies and services that will enable Amazon and other companies to reach the goals of the Paris Agreement 10 years early—achieving net-zero carbon by 2040,” said Kara Hurst, vice president of worldwide sustainability at Amazon. “Infinium’s electrofuels solution has real potential to help decarbonize transport that carries heavier loads and travels long distances, including air and freight, as well as heavy trucks."

“In order to mitigate climate change and realize a sustainable future of clean energy, we need new technology solutions. Infinium’s market readiness and scalability makes it stand out from other alternative fuel providers,” said Andrew Hinkly, managing partner at AP Ventures.

“It is increasingly important to continue our efforts towards developing solutions that drive global carbon neutrality goals,” said Yoshihiro Shiraiwa, CEO, Mitsubishi Heavy Industries America. “We are confident in the progress we will make together with this group of industry leaders.”

Infinium is developing commercial applications of its technology with strategic partners to build Electrofuels™ production plants, focusing first in markets where low-cost renewable power generation coincides with large CO₂ volumes.

About Infinium

Infinium offers an electrofuels solution to decarbonize the transportation sector using today’s infrastructure. Infinium’s Electrofuels™ are a net-zero carbon alternative to existing liquid fuels that can immediately “drop in” and be used in plane, ship and truck fleets. For more information, visit www.infiniumco.com.

About Amazon Climate Pledge Fund

In June 2020, Amazon announced The Climate Pledge Fund to support the development of sustainable and decarbonizing technologies and services that will enable Amazon and other companies to meet the goals set by The Climate Pledge. This dedicated investment program—with an initial $2 billion in funding—will invest in visionary companies whose products and solutions will facilitate the transition to a low-carbon economy. More info at: https://sustainability.aboutamazon.com/about/climate-pledge-fund

About Mitsubishi Heavy Industries

Mitsubishi Heavy Industries is one of the world’s leading industrial firms with 80,000 group employees and annual consolidated revenues of around $38 billion U.S. dollars. For more than 130 years, the company has channeled big thinking into innovative and integrated solutions that move the world forward. MHI delivers innovative and integrated solutions across a wide range of industries from commercial aviation and transportation to power plants and gas turbines, and from machinery and infrastructure to integrated defense and space systems. More info at: https://www.mhi.com/

About AP Ventures

AP Ventures is headquartered in London and manages venture capital funds with a global mandate to invest in pioneering new technologies and businesses which aim to solve global challenges such as renewable energy integration, resource scarcity and rapidly changing demographics. AP Ventures is led by Andrew Hinkly (Managing Partner) and Kevin Eggers (Partner). Investors include Anglo-American Platinum, Impala Platinum, the Mirai Creation Fund, Mitsubishi Corporation, Plastic Omnium, the Public Investment Corporation and Sumitomo Corporation. More info at: www.apventures.com

About THE NEUMAN & ESSER GROUP

The NEUMAN & ESSER GROUP (NEA), founded 1830 in Aachen, Germany is a leading manufacturer of compressor solutions including piston compressors and diaphragm compressors, sealing elements for oscillating and rotating systems and offers comprehensive services for NEA brand and 13 OEM legacies. Its products serve all major applications in the Oil & Gas markets, Chemicals & Petrochemicals Industries, Food & Beverages, Renewable Energy and H2 Economy including H2 Mobility. The company group, with its workforce of 1,200 employees worldwide, consists of three holding companies in Germany, the USA and China, four production sites in Germany and 19 companies for sales and system engineering as well as service facilities at 10 strategic locations around the globe. More info at: https://www.neuman-esser.de/en/

About The Grantham Environmental Trust

The Jeremy and Hannelore Grantham Environmental Trust was formed in 2005 to help combat environmental degradation. Since its inception, climate change has been its top priority. The Trust supports climate solutions through both its grant-making and investment activities. For more info, see: http://www.granthamfoundation.org

Camille Cater
Antenna Group for Infinium
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551-225-1478

NEW YORK--(BUSINESS WIRE)--International Seaways, Inc. (NYSE: INSW) (the “Company” or “INSW”), one of the largest tanker companies worldwide providing energy transportation services for crude oil and petroleum products in International Flag markets, today announced that it has signed the Neptune Declaration on Seafarer Wellbeing and Crew Change in a worldwide call to action to end the unprecedented crew change crisis caused by COVID-19.

Developed by a taskforce of stakeholders from across the maritime value chain, the Neptune Declaration is a commitment signed by more than 300 companies and organizations to work together to ensure that the crew change crisis is resolved as soon as possible. It defines four main actions to facilitate crew changes and keep global supply chains functioning:

• Recognize seafarers as key workers and give them priority access to COVID-19 vaccines
• Establish and implement gold standard health protocols based on existing best practice
• Increase collaboration between ship operators and charterers to facilitate crew changes
• Ensure air connectivity between key maritime hubs for seafarers

“The world’s seafarers have continued to provide an essential service, facilitating global trade throughout the COVID-19 pandemic, and we are proud to support this critical initiative to help resolve the current humanitarian crisis at sea,” said Lois K. Zabrocky, International Seaways’ President and CEO. “Seaways continues to prioritize the well-being of our crews and we thank them for their dedication and commitment to maintaining the highest level of professional standards amidst extremely challenging circumstances. This declaration is a crucial step toward getting seafarers home to their families safely and on time.”

About International Seaways, Inc.

International Seaways, Inc. (NYSE: INSW) is one of the largest tanker companies worldwide providing energy transportation services for crude oil and petroleum products in International Flag markets. International Seaways owns and operates a fleet of 36 vessels, including 11 VLCCs, two Suezmaxes, four Aframaxes/LR2s, 13 Panamaxes/LR1s and 4 MR tankers. Through joint ventures, it has ownership interests in two floating storage and offloading service vessels. International Seaways has an experienced team committed to the very best operating practices and the highest levels of customer service and operational efficiency. International Seaways is headquartered in New York City, NY. Additional information is available at https://www.intlseas.com.

Forward-Looking Statements

This release contains forward-looking statements. In addition, the Company may make or approve certain statements in future filings with the Securities and Exchange Commission (SEC), in press releases, or in oral or written presentations by representatives of the Company. All statements other than statements of historical facts should be considered forward-looking statements. These matters or statements may relate to the Company’s plans to issue dividends, its prospects, including statements regarding vessel acquisitions, trends in the tanker markets, and possibilities of strategic alliances and investments. Forward-looking statements are based on the Company’s current plans, estimates and projections, and are subject to change based on a number of factors. Investors should carefully consider the risk factors outlined in more detail in the Annual Report on Form 10-K for 2019 for the Company, the Quarterly Report on Form 10-Q for the quarters ended March 31, 2020, June 30, 2020 and September 30, 2020, and in similar sections of other filings made by the Company with the SEC from time to time. The Company assumes no obligation to update or revise any forward-looking statements. Forward-looking statements and written and oral forward-looking statements attributable to the Company or its representatives after the date of this release are qualified in their entirety by the cautionary statements contained in this paragraph and in other reports previously or hereafter filed by the Company with the SEC.

David Siever, International Seaways, Inc.
(212) 578-1635
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BELOIT, Wis.--(BUSINESS WIRE)--Fairbanks Morse, a portfolio company of Arcline Investment Management and a leading provider of solutions that are powering the world forward, was awarded a six-year indefinite-delivery/indefinite-quantity (IDIQ) contract by the U.S. Coast Guard (USCG). The agreement, worth approximately $53 million, enables Fairbanks Morse to maximize and improve engine lifecycle support for the USCG’s 270-foot WMEC Famous Class Cutters.

As part of the USCG 270-foot WMEC Service Life Extension Program (SLEP), Fairbanks Morse was awarded this contract to provide services, personnel, facilities, expertise, technological information, special tools, supplies and incidental materials necessary to ensure the longevity of the fleet’s 18-cylinder FM 251F engines. The contract also includes delivery and installation of new engines, spare parts and nonrecurring engineering work.

“Fairbanks Morse has been a trusted engine and service provider to the U.S. Coast Guard for many decades, and it’s an immense honor to be selected to provide engines and services for its vessels,” said Fairbanks Morse CEO George Whittier. “We are fully committed to supporting our country’s national defense by delivering reliable products and quality service that facilitate mission-critical operations.”

Through an IDIQ contract, pricing for support services is streamlined under a single agreement, eliminating the administrative, time and cost burdens associated with working through an intermediate party. Fairbanks Morse provides Factory Certified OEM Technicians who undergo rigorous qualifications to meet the company’s high standards for delivering best-in-class support. These technicians will deliver enhanced performance and improved service life while ensuring the highest level of reliability and efficiency for USCG 270-foot Famous Class Cutters.

The U.S. Coast Guard and U.S. Navy have turned to Fairbanks Morse for over 70 years to provide quality diesel engines for marine propulsion and ship service systems. Today, Fairbanks Morse engines are installed on approximately 80% of U.S. Navy ships with a medium speed power application.

About Fairbanks Morse

Fairbanks Morse manufactures and services heavy-duty, medium-speed reciprocating engines under the Fairbanks Morse® and ALCO® brand names, which are used primarily in marine and power generation applications. Fairbanks Morse has been the original equipment manufacturer of its engines for over 125 years and has a large installed base for which it supplies aftermarket parts and services. Fairbanks Morse is the principal supplier of diesel engines to the U.S. Navy, U.S. Coast Guard and the Canadian Coast Guard. One hundred percent of manufacturing is conducted in its U.S. based facility in Beloit, Wis., while aftermarket parts and services are delivered through its growing network of service centers strategically located around the U.S. Fairbanks Morse is a portfolio company of Arcline Investment Management. Learn more about Fairbanks Morse by visiting www.fairbanksmorse.com.

Mercom Communications
Wendy Prabhu
1.512.215.4452
www.mercomcapital.com
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Results reveal exciting insights about the vegetation condition alongside nearly 574,000 miles of overhead lines. LiveEO's further analysis helps utilities to improve management processes and to decrease wildfire and storm damage risks.

BERLIN & NEW YORK--(BUSINESS WIRE)--For the first time in history, vegetation encroachment risk to the entire publicly available U.S. transmission grid has been analyzed from space by the Berlin-based startup LiveEO.

The goal of this large-scale analysis was to demonstrate LiveEO’s market-leading analytic capabilities to a North American audience. In total, over 15,000 public satellite images were used to evaluate risk to 574,000 miles of electricity lines. (Details about the analysis can be found at www.live-eo.com/us-power-transmission-grid-analysis).

The analysis covers the detection of vegetation along the transmission grid, as well as the identification of grid segments that are exposed at dangerously close distances. These are some of the biggest challenges and operational cost factors for utility companies in maintaining their assets. Proven by studies vegetation is one of the main challenges for utilities globally, causing up to 56% of externally triggered power interruptions. In the United States alone, approximately US$ 6 billion is spent on vegetation management by utility companies annually.

"The scale combined with the detail of the analysis represents a milestone in satellite data analytics for utility companies and proves that satellite data represents a viable alternative for vegetation management to Lidar or foot patrols." says LiveEO's Co-Founder Daniel Seidel. "Additionally, these insights can be made actionable directly via our tool set of mobile and web apps, and API integrations to improve workforce efficiency in the field and to realize OPEX saving" adds LiveEO's other Co-Founder Sven Przywarra.

Besides the sole detection of vegetation distance from transmission grids, LiveEO is experienced in highly accurate and efficient investigations of vegetation height, condition, and species determination to improve cycle trimming activities and dangerous tree removal while reducing vegetation management costs on transmission and distribution levels.

LiveEO offers a sample analysis using commercial satellite data of their network free of charge for utility customers.

About LiveEO
LiveEO offers the world-leading satellite-based monitoring solution for infrastructure operators in the utility industry for vegetation management, ground deformation, and monitoring of third-party interactions. The company was founded in 2018 in Berlin, Germany, and has been continually growing, currently counting 40 employees with exceptional expertise in their respective field. The application of state-of-the-art machine learning algorithms to investigate satellite imagery ensures the accuracy and reliability of the results. Currently, LiveEO’s product helps different customers in more than ten countries- among them, Australia, the United States, and various European countries- to monitor their assets and decrease operational expenses. Find out more at www.live-eo.com

###

LiveEO
Sven Przywarra
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Phone
USA: +1 614 697 4417
EU: +49 162 3414693

Solar power to be significant source of renewable energy for world-class chemical manufacturing site

DALLAS--(BUSINESS WIRE)--$CE #Celanese--Celanese Corporation (NYSE: CE), a global chemical and specialty materials company, today announced a 15-year contract extension with Calpine Energy Solutions, LLC to incorporate a solar power component into the electricity supply mix for the company’s world-class acetyl intermediates chemical manufacturing facility located in Clear Lake, Texas.

Calpine Energy Solutions is expected to supply the Celanese Clear Lake facility with 45 megawatts of peak solar contracted capacity. On an annualized basis, this represents approximately 142,000 megawatt hours of renewable energy and will equate to taking approximately 14,500 cars off the road. This contract equates to about 33 percent of Celanese’s annual electricity consumption at the site and approximately 65 percent of the site’s daytime electricity usage during the summer months.

“Celanese is committed to protecting the earth’s natural resources and helping our partners and customers do the same,” said Lori Ryerkerk, Celanese Chairman and Chief Executive Officer. “As we work to develop sustainable energy practices and implement leading environmental management systems, Celanese is putting our larger vision for sustainability into practice every day and demonstrating our global commitment to environmental goals that include energy conservation, emissions control, release prevention, wastewater discharge controls and waste reuse and recycling.”

“Solar power energy is growing in relevance and significance as a source of renewable electricity and we are seeing that the resource availability is providing a better match to meet demand during critical times of the year versus other large, fast-growing, renewable sources,” said Jon Mortimer, Vice President, Global Manufacturing, Celanese. “Additionally, solar power generation to the Clear Lake facility acts as a natural hedge to help offset high electricity prices during peak hours in the summer months.”

As the site owner, Celanese will extend this solar power supply to other site partners at the Clear Lake facility. Site partner Arkema, which owns and operates the acrylic acid and acrylic esters units at the Clear Lake site, has expressed a strong interest in solar power supply.

“Arkema is constantly evolving its industrial practices to reduce its environmental footprint. Increasing renewable energy components with solar power at our Clear Lake site will allow significant greenhouse gas emissions reduction. This is fully aligned with the Group commitment to the Paris Climate Agreement to reduce its absolute emissions in line with a global warming well below the 2°C trajectory, according to the Science Based Target methodology,” said Virginie Delcroix, Vice President Sustainable Development at Arkema. “Industrial organizations play a major role in the global transition towards sustainability. This common agreement on renewable energy at the world-class Clear Lake facility further demonstrates industry’s commitment.”

“Calpine Energy Solutions is proud to have been able to deliver a solar solution to Celanese and Arkema that achieved their sustainability and risk management goals while maintaining a competitive electricity cost position at the Clear Lake facility,” said James Wood, President, Calpine Energy Solutions.

Celanese expects this agreement will provide a sustainable source in energy mix and estimates significant annual savings versus on-peak supply from other energy sources. Financial terms of the contract extension are not being disclosed at this time.

About Calpine Energy Solutions

Calpine Energy Solutions, LLC is a licensed retail energy provider in every deregulated state, and is one of the largest energy suppliers in North America by volume. Most of our clients are large commercial or industrial entities that view the management of energy and carbon as an important strategic initiative and seek to leverage our expertise in data management, risk management and renewable energy. Calpine Energy Solutions is a wholly owned subsidiary of Calpine Corporation, America’s largest generator of electricity from natural gas and geothermal resources with operations in competitive power markets. Please visit www.calpinesolutions.com to learn more about how we help businesses transform their energy / carbon management programs from a traditional, transactional approach to a data-driven, sustainable business process.

About Celanese

Celanese Corporation is a global chemical leader in the production of differentiated chemistry solutions and specialty materials used in most major industries and consumer applications. Our businesses use the full breadth of Celanese's global chemistry, technology and commercial expertise to create value for our customers, employees, shareholders and the corporation. As we partner with our customers to solve their most critical business needs, we strive to make a positive impact on our communities and the world through The Celanese Foundation. Based in Dallas, Celanese employs approximately 7,700 employees worldwide and had 2019 net sales of $6.3 billion. For more information about Celanese Corporation and its product offerings, visit www.celanese.com or our blog at www.celaneseblog.com.

Forward-Looking Statements: This release may contain “forward-looking statements,” which include information concerning the company’s plans, objectives, goals, strategies, future revenues or performance, capital expenditures and other information that is not historical information. When used in this release, the words “outlook,” “forecast,” “estimates,” “expects,” “anticipates,” “projects,” “plans,” “intends,” “believes,” and variations of such words or similar expressions are intended to identify forward-looking statements. All forward-looking statements are based upon current expectations and beliefs and various assumptions. There can be no assurance that the Company or its customers will realize these benefits or that these expectations will prove correct. There are a number of risks and uncertainties, many of which are beyond the Company’s control, that could cause actual results to differ materially from the forward-looking statements contained in this release. Risk factors include those that are discussed in the Company’s filings with the Securities and Exchange Commission. Any forward-looking statement speaks only as of the date on which it is made, and the Company undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date on which it is made or to reflect the occurrence of anticipated or unanticipated events or circumstances.

Calpine Contact:
Calpine Media Relations
Brett Kerr
VP Governmental & Regulatory Affairs
Calpine Corporation
O: (713) 830-8809
M: (713) 858-1036
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Celanese Contacts:
Investor Relations
Brandon Ayache
+1 972 443 8509
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Media Relations – Global
W. Travis Jacobsen
+1 972 443 3750
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BÉCANCOUR, Quebec--(BUSINESS WIRE)--Global technology and power solutions leader Cummins Inc. (NYSE: CMI) has provided a 20-megawatt PEM electrolyzer system to generate green hydrogen, making it the largest in operation in the world. The Cummins electrolyzer system is installed at the Air Liquide hydrogen production facility in Bécancour, Quebec and began commercial operation in late 2020. The Cummins PEM Electrolyzer can produce over 3,000 tons of hydrogen annually using clean hydropower.

“Creating hydrogen technologies at scale is paramount to growing low-carbon solutions,” said Amy Davis, Cummins Vice President and President of New Power, the company’s alternative power business. “We have successfully developed our technology from 1MW to 5MW, and now have the largest PEM electrolyzer in operation in the world. It will continue to take enterprises, governments, forward-thinking customers and utilities all working together to make alternative power a reality. Here we are seeing how green hydrogen can improve sustainability for industrial manufacturing and how the demand for decarbonized hydrogen solutions will grow.”

The HyLYZER® PEM electrolyzer technology is the result of more than 20 years of development by Hydrogenics, a Canadian company that was acquired by Cummins in September of 2019. This installation in Quebec features four compact pressurized electrolyzer skids that were fitted inside an existing building. This is a modular and scalable electrolyzer platform designed to address utility-scale hydrogen production.

Electrolyzers provide a means to address one of the largest dilemmas in the renewable energy industry, which is how to store the energy when it is not in demand. Cummins’ PEM electrolyzers enable the storage of excess energy that would typically be sold off to the market at a financial loss, or not harnessed at all, and instead store that energy to sell into a new green hydrogen market. They can also be used to decarbonize multiple sectors including zero emission transportation, industrial processes and the green chemicals sector.

Already a leader in advanced diesel, natural gas and battery technologies, Cummins is rapidly growing its capabilities to support the overall hydrogen economy. Cummins uses fuel cell technologies to power a variety of applications, including transit buses, semi-trucks, delivery trucks, refuse trucks and passenger trains and has made several recent investments to support the overall fuel cell ecosystem. This includes acquiring Hydrogenics, which provided Cummins with PEM fuel cells and both PEM and alkaline electrolyzers, forming a joint venture with NPROXX to produce hydrogen storage tanks, and investing in the development of solid oxide fuel cells.

For more examples of how Cummins is leading new firsts in the fuel cell and hydrogen industry and for more information about Cummins Fuel Cell and Hydrogen Technologies, visit www.cummins.com/hydrogen.

About Cummins Inc.

Cummins Inc., a global power leader, is a corporation of complementary business segments that design, manufacture, distribute and service a broad portfolio of power solutions. The company’s products range from diesel, natural gas, electric and hybrid powertrains and powertrain-related components including filtration, aftertreatment, turbochargers, fuel systems, controls systems, air handling systems, automated transmissions, electric power generation systems, batteries, electrified power systems, hydrogen generation and fuel cell products. Headquartered in Columbus, Indiana (U.S.), since its founding in 1919, Cummins employs approximately 61,600 people committed to powering a more prosperous world through three global corporate responsibility priorities critical to healthy communities: education, environment and equality of opportunity. Cummins serves its customers online, through a network of company-owned and independent distributor locations, and through thousands of dealer locations worldwide and earned about $2.3 billion on sales of $23.6 billion in 2019. See how Cummins is powering a world that’s always on by accessing news releases and more information at https://www.cummins.com/always-on.

Jon Mills
Cummins Inc.
Phone: 317-658-4540
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Company now delivering Energy Storage System (ESS) through authorized installers

LINDON, Utah--(BUSINESS WIRE)--#alternativeenergy--Humless today reports strong growth in 2020 battery sales with a strong Q4 spike, despite the industry’s COVID related challenges. Bucking the solar industry’s diminished demand related to the pandemic, Humless’ sales are rising. Web sales inquiries are up year over year compared to 2019 and the company sold 6.6 megawatt-hours (MWh) of their UL listed 5 kWh Lithium-Iron Phosphate batteries in just the past three months. That’s enough to furnish more than 330 homes with enough battery power to live off grid. They may be used with or without solar panels to provide power security. CEO Glenn Jakins suggests supply chain issues have affected the industry.

“Humless is filling the gap left by other companies suffering supply chain issues in 2020,” states Glenn Jakins, CEO for Humless. “Perhaps the fact that we manufacture our own batteries contributes to our success. We designed the 5kW battery, manufacture to rigorous specifications, and have managed to keep supply chains open despite problems plaguing the energy storage business. Consumers and resellers are also recognizing the advantages of Lithium-Iron Phosphate over Lithium-Ion used by most competitors.”

While Humless’ unique battery design greatly improves battery life and reduces fire hazard, other factors influenced battery storage and solar installations in 2020. As reported in the LA Times, “many homeowners aren’t exactly in the mood these days to have …installers on their roof” or in their house. Despite this challenge, continuing demand is rising in part to increased rolling blackouts in California which have made homeowners and businesses aware of the critical need to take ownership of their own energy security. In November of 2020, Technavio also forecasted strong 37 percent growth of the residential solar storage market through 2024.

Lithium-Iron Phosphate (LiFEPO4) technology uses no rare earth elements and is non-toxic, is earth friendly, chemically stable, requires less energy in mining and processing, and has a longer life without the memory problems troubling lead-acid batteries.

In addition to battery manufacturing, the solar industry takes note of Humless Universal technology. Humless Universal is first to combine simultaneous AC and DC Coupling, Multi-level Reticulation, Load Shifting, Power Shaving, and a Charge Controller into a single box. This provides intelligent energy management for customers’ power needs, lowers electrical costs and extends battery life.

About Humless

Humless is fueling the evolution of home and commercial power management, and the way contractors offer it. With Humless Universal Energy Management (UEM) installers can connect any brand of panels, inverters, and batteries into one seamless, scalable system. We apply commercial micro-grid thinking for the residential market, as well as for commercial customers seeking systems for securing the most cost-effective flow of electricity – on or off-grid.

John Pilmer
PilmerPR, a Benefit LLC
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801-369-7535

• Q4 net earnings of $687 million; adjusted net earnings of $684 million
• Q4 adjusted EPS up 49 percent excluding prior-year impact of retroactive biodiesel tax credit
• Full-year reported EPS of $3.15; record adjusted EPS of $3.59
• Expect growth in operating profit and EPS in 2021

CHICAGO--(BUSINESS WIRE)--ADM (NYSE: ADM) today reported financial results for the quarter and fiscal year ended December 31, 2020.

“I want to thank our team, which performed exceptionally well during truly unprecedented times to deliver four straight quarters of year-over-year adjusted segment operating profit growth in 2020, along with solid returns and record full-year adjusted EPS of $3.59,” said Chairman and CEO Juan Luciano. “Around the globe, ADM colleagues demonstrated their resourcefulness, creativity and commitment by keeping our work environment safe from COVID-19, maintaining our operations and serving our customers. The team delivered on our strategic objectives, maintained a solid balance sheet, managed a wide variety of risks superbly, and showed the strength of our diversified and global value chain.

“Our Ag Services and Oilseeds team delivered outstanding results in 2020, crossing the $2 billion profit mark by capitalizing on our unparalleled and flexible global footprint to meet strong demand. With continued strong global demand for grains and oilseeds as well as meal and oils, we are confident in another outstanding performance from Ag Services & Oilseeds in 2021.

“In Carbohydrate Solutions,” Luciano continued, “the team achieved higher full-year results, demonstrating the power of our diversified product portfolio by pivoting quickly and effectively to meet incremental demand for industrial starches, retail flour and high-grade alcohol. The Carbohydrate Solutions business is well positioned to generate solid profit growth in 2021 as lockdown impacts dissipate.

“Our Nutrition business continued to harvest investments, lead in consumer growth trend areas, and partner with customers to deliver new products and solutions in 2020, driving 37 percent annual operating profit growth. Based on our current organic growth plans, we expect the Nutrition team to deliver solid revenue expansion and profit growth in 2021.

“For ADM, based on the continued delivery of drivers under our control and improving market conditions as the year progresses, we expect strong growth in segment operating profit and another record year of EPS in 2021. I am extremely proud of our team’s performance: Our momentum is strong, and our future is bright.”

• Q4 2019 results included $270 million segment operating profit ($0.61 per share) impact of the retroactive biodiesel tax credit.
• Q4 2020 EPS as reported of $1.22 includes a $0.03 per share charge related to asset impairment, restructuring and settlement; a $0.01 per share charge for acquisition-related expenses; a $0.01 per share credit related to gains on the sale of certain assets; and a $0.04 per share credit related to tax discrete items. Adjusted EPS, which excludes these items, was $1.21.¹

Quarterly Results of Operations

Ag Services & Oilseeds achieved substantially higher results year over year, setting a Q4 record for adjusted operating profit.

• Ag Services results were significantly higher than the prior-year period, driven by great execution in North America, where the business capitalized on strong global demand, particularly from China, to deliver higher export volumes and margins. As expected, South American origination was lower year over year after significantly accelerated farmer selling in the first half of 2020. Global Trade contributed to the higher year-over-year results as it continued to utilize its global network and manage risk well to meet customer demand. As anticipated, negative timing impacts from the prior quarter reversed.

• Crushing delivered substantially higher results versus the prior-year period. The business captured significantly higher margins in all regions, driven by tight soybean supplies and strong global demand for both meal and vegetable oils. There was approximately $125 million in net negative timing in the quarter, driven by basis impacts and improving softseed margins.

• Refined Products and Other results were higher year over year absent the recognition of the retroactive biodiesel tax credit in Q4 of 2019, with good results driven primarily by solid South American margins.

• Equity earnings from Wilmar were higher versus the prior-year period.

¹ Non-GAAP financial measures; see pages 5, 10, 11 and 13 for explanations and reconciliations, including after-tax amounts.

Carbohydrate Solutions results were higher than the fourth quarter of 2019.

• Starches and Sweeteners achieved significantly higher results versus the prior-year period, driven by lower net corn costs and intra-company insurance settlements. Earnings were partially offset by lower results from corn oil and wet mill ethanol margins.

• Vantage Corn Processors results were better versus the prior-year period, though they continued to reflect the challenged ethanol industry environment. The business delivered higher year-over-year margins as it met increased demand for USP-grade alcohol, partially offset by fixed costs from the two temporarily idled dry mills.

Nutrition delivered 24 percent year-over-year operating profit growth.

• Human Nutrition results were higher versus the prior-year quarter. Flavors delivered a strong quarter, driven by good sales and product mix in North America and EMEAI. Continued strength in plant proteins drove higher results in Specialty Ingredients. Health & Wellness delivered higher sales in probiotics and natural health and nutrition; prior-year results included revenue and income related to the launch of the strategic Spiber relationship. Results for the quarter also included an intra-company insurance settlement.

• Animal Nutrition results were significantly higher year over year, driven by strong performances in Asia and EMEAI and improvement in amino acid results, partially offset by currency effects in Latin America.

Other Business results were substantially lower, driven by lower ADM Investor Services earnings and Captive Insurance underwriting results, including intra-company settlements referenced above in Carbohydrate Solutions and Nutrition results.

Other Items of Note

As additional information to help clarify underlying business performance, the table on page 10 includes reported earnings and EPS as well as adjusted earnings and EPS.

Segment operating profit of $1.1 billion for the quarter includes charges related to asset impairment, restructuring, and settlement activities of $16 million ($0.02 per share) and gains on the sale of certain assets of $3 million ($0.00 per share).

In Corporate results, unallocated corporate costs for the quarter were higher year over year due primarily to increased variable performance-related compensation expense accruals, and increased IT and project-related expenses. Other charges decreased due to lower railroad maintenance expenses partially offset by the absence of prior year investment gains. Corporate results also included restructuring charges of $11 million ($0.01 per share).

The effective tax rate for the quarter was approximately 8 percent compared to a positive 1 percent in the prior year. The calendar year 2020 effective tax rate was approximately 5 percent, down from approximately 13 percent in 2019. The decrease for the calendar year was due primarily to changes in the geographic mix of earnings and the impact of U.S. tax credits, mainly the railroad tax credits, which have an offsetting expense in cost of products sold. Absent the effect of EPS adjusting items, the effective tax rate for calendar year 2020 was approximately 9 percent.

Note: Additional Facts and Explanations

Additional facts and explanations about results and industry environment can be found at the end of the ADM Q4 Earnings Presentation at www.adm.com/webcast.

Conference Call Information

ADM will host a webcast on January 26, 2021, at 8 a.m. Central Time to discuss financial results and provide a company update. To listen to the webcast, go to www.adm.com/webcast. A replay of the webcast will also be available for an extended period of time at www.adm.com/webcast.

Forward-Looking Statements

Some of our comments and materials in this presentation constitute forward-looking statements that reflect management’s current views and estimates of future economic circumstances, industry conditions, Company performance and financial results. These statements and materials are based on many assumptions and factors that are subject to risk and uncertainties. ADM has provided additional information in its reports on file with the SEC concerning assumptions and factors that could cause actual results to differ materially from those in this presentation, and you should carefully review the assumptions and factors in our SEC reports. To the extent permitted under applicable law, ADM assumes no obligation to update any forward-looking statements as a result of new information or future events.

About ADM

At ADM, we unlock the power of nature to provide access to nutrition worldwide. With industry-advancing innovations, a complete portfolio of ingredients and solutions to meet any taste, and a commitment to sustainability, we give customers an edge in solving the nutritional challenges of today and tomorrow. We’re a global leader in human and animal nutrition and the world’s premier agricultural origination and processing company. Our breadth, depth, insights, facilities and logistical expertise give us unparalleled capabilities to meet needs for food, beverages, health and wellness, and more. From the seed of the idea to the outcome of the solution, we enrich the quality of life the world over. Learn more at www.adm.com.

Source: Corporate Release

Segment operating profit is ADM’s consolidated income from operations before income tax excluding corporate items. Adjusted segment operating profit, a non-GAAP financial measure, is segment operating profit excluding specified items. Management believes that segment operating profit and adjusted segment operating profit are useful measures of ADM’s performance because they provide investors information about ADM’s business unit performance excluding corporate overhead costs as well as specified items. Segment operating profit and adjusted segment operating profit are not measures of consolidated operating results under U.S. GAAP and should not be considered alternatives to income before income taxes, the most directly comparable GAAP financial measure, or any other measure of consolidated operating results under U.S. GAAP.

⁽¹⁾ Includes a charge (credit) related to changes in the Company’s LIFO reserves of $(91) million in the current YTD and $27 and $37 million in the prior quarter and YTD, respectively.
⁽²⁾ Includes acquisition-related expenses of $4 million in the current quarter, acquisition-related expenses and a settlement charge totaling $8 million in the current YTD, and acquisition-related expenses of $3 million and $17 million in the prior quarter and YTD, respectively.
⁽³⁾ Includes charges related to impairment of certain assets and restructuring of $19 million and $80 million in the current quarter and YTD, respectively, and charges related to impairment of certain assets, restructuring, and pension settlement of $103 million and $303 million in the prior quarter and YTD, respectively.
⁽⁴⁾ Includes a (gain) loss on debt extinguishment of ($1 million) in the current quarter and $409 million in the current YTD primarily related to the early repurchase of certain of the Company’s debentures.
⁽⁵⁾ Includes charges related to the mark-to-market adjustment of the conversion option of the exchangeable bond issued in August 2020 of $2 million and $17 million in the current quarter and YTD, respectively. Includes tax interest related to the sale of an equity investment of $12 million in the prior quarter and YTD.
⁽⁶⁾ Includes gains related to the sale of certain assets in the current quarter of $10 million in the current quarter, gains related to the sale of Wilmar shares and certain other assets of $90 million in the current YTD, a loss on sale of an equity investment of $101 million in the prior quarter and YTD, and gains related to the sale of certain assets and a step-up gain on an equity investment of $12 million in the prior YTD.
⁽⁷⁾ Includes a settlement charge of $8 million in the current quarter and YTD and $2 million in the prior YTD.
⁽⁸⁾ Includes the tax expense (benefit) impact of the above specified items and certain discrete items totaling $(25) million and $(94) million, in the current quarter and YTD, respectively, and $60 million and $3 million in the prior quarter and YTD, respectively.

1. Current YTD changes in the Company’s LIFO reserves of $(91) million pretax ($69 million after tax), tax effected using the Company’s U.S. income tax rate. Prior quarter and YTD changes in the Company’s LIFO reserves of $27 million and $37 million pretax, respectively ($20 million and $28 million after tax, respectively), tax effected using the Company’s U.S. income tax rate.
2. Current quarter gains of $10 million pretax ($8 million after tax) related to the sale of certain assets and YTD gains of $90 million pretax ($80 million after tax), respectively, primarily related to the sale of Wilmar shares and certain other assets, tax effected using the applicable tax rates. Prior quarter and YTD loss of $101 million pretax ($133 million after tax) related to a loss on sale of an equity investment and prior YTD gains of $12 million pretax ($9 million after tax) related to the sale of certain assets and a step-up gain on an equity investment, tax effected using the applicable tax rates.
3. Current quarter and YTD charges of $27 million pretax ($20 million after tax) and $92 million pretax ($69 million after tax), respectively, related to the impairment of certain assets, restructuring, and settlement, tax effected using the applicable rates. Prior quarter and YTD charges of $103 million and $305 million pretax, respectively ($93 million and $249 million after tax, respectively), related to the impairment of certain assets, restructuring, and pension settlement, tax effected using the applicable tax rates.
4. Current quarter and YTD charges of $4 million pretax ($3 million after tax) related to a target acquisition, tax effected using the Company’s U.

Media Relations
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Investor Relations
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312-634-8457

Exceeds anticipated contract amount by 10%

SOUTH BURLINGTON, Vt.--(BUSINESS WIRE)--$ISUN #EV--iSun, Inc. (NASDAQ: ISUN) (“iSun”) is a leading solar industry innovator and commercial solar contractor providing energy services, smart city innovations and clean mobility infrastructure with solar electric vehicle (EV) charging, ground-mount and rooftop solar energy systems and electrical and data services. Today, iSun announces that it has been selected by competitive bid to provide its innovative solar EV carport, rooftop and ground-mount technologies to the Meriden Housing Authority for two locations in Bristol, CT.

Highlights

• Immediately establishes the accretive value of the company’s first acquisition and name change from The Peck Company to iSun.
• Provides renewable energy and clean mobility to former schools converted into low- and medium-income housing, which aligns with iSun’s triple ROI approach of impact, intention and investment.
• Will produce sufficient annual power to provide 100% equivalent of the tenants’ power needs.
• Combines multiple high-margin product and service offerings including solar power and EV charging, iSun Oasis Smart Solar Benches to enhance user experience, and energy-as-a-service for recurring revenue.

Jeffrey Peck, Chief Executive Officer of iSun, commented, “We have been diligently executing our growth plan including organic sales across all business units, accretive M&A and owning assets for recurring revenue. The recent acquisition and name change to iSun contribute to all parts of our plan simultaneously starting with this $2.2 million contract and its recurring revenue stream from the energy-as-a-service component. Consistent with our 50-year history serving the needs of our customers, our Chief Innovation and Experience officer, Sass Peress, worked with Robert Cappelletti at the Meriden Housing Authority to solve for the right combination of technologies to deliver maximum power, parking lot protective shading, and aesthetic benefits to meet their specific needs. iSun's portfolio of innovative products allows us to reach new customers with aligned goals. We are excited to serve Mr. Cappelletti, a true visionary with his agenda to 'build back better' neighborhoods. We expect to complete construction in Spring 2021,” said Mr. Peck.

Robert Cappelletti, Executive Director of Meriden Housing Authority, added, “We are pleased to have developed these projects with iSun. They effectively combined solar energy carports, flexible rooftop solar technologies and electric vehicle infrastructure, to create an enhanced experience for our tenants. Meriden Housing Authority is determined to create smart, renewable energy systems for the housing of our residents, so that all residents are able to access such technologies. We look forward to working on more projects with iSun in the future.”

About iSun, Inc.

Headquartered in South Burlington, VT, iSun, Inc. (NASDAQ: ISUN) is a business rooted in values that align people, purpose, innovation and sustainability. Ranked by Solar Power World as one of the leading commercial solar contractors in the Northeastern United States, iSun provides energy services, smart city innovations and clean mobility infrastructure to customers for projects from smart solar mobile phone and electric vehicle charging, up to multi-megawatt renewable energy solutions. iSun’s innovations were recognized by the Solar Impulse Foundation of Bertrand Piccard as one the globe’s Top 1000 Sustainability Solutions. As a winner, this award will result in the iSun solution being presented to hundreds of government entities around the world, including various municipal, state and federal agencies in the United States. Since entering the renewable energy market in 2012, iSun has installed over 200 megawatts of rooftop, ground mount and EV carport solar systems (equal to power required for 38,000 homes). We continue to focus on profitable growth opportunities. For more information, visit www.isunenergy.com

Forward Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements about (i) the benefits of the proposed acquisition, including future financial and operating results, cost savings and synergies, effects on cash flow, market accessibility, financing opportunities, enhancements to revenue and accretion to reported earnings that may be realized from the proposed acquisition; (ii) iSun’s plans, objectives, expectations and intentions and other statements contained in this press release that are not historical facts; and (iii) other statements identified by words such as “expects” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates,” “targets,” “projects,” or words of similar meaning generally intended to identify forward-looking statements. These forward-looking statements are based upon the current beliefs and expectations of the respective management of iSun and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are beyond the control of iSun. In addition, these forward-looking statements are subject to assumptions with respect to future business strategies and decisions that are subject to change. Actual results may differ materially from the anticipated results discussed in these forward-looking statements because of possible uncertainties.

Investor Relations Contact:
Michael d’Amato
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DUBLIN--(BUSINESS WIRE)--The "Middle East and Africa Offshore Pipeline Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Diameter, Line Type, and Product" report has been added to ResearchAndMarkets.com's offering.

The MEA offshore pipeline market is expected to grow from US$ 1,399.63 million in 2019 to US$ 1,680.77 million by 2027; it is estimated to grow at a CAGR of 2.5 % from 2020 to 2027.

Continuous improvements in flexible pipe technology accelerate the growth of the MEA offshore pipeline market. The offshore oil & gas industry for MEA region has been using flexible pipes since 1972. Since then, the demand for flexible pipes is steadily increasing and diversifying in recent years as operators are seeking operational efficiencies. Deeper water, higher pressure, higher temperatures, and aging infrastructure as well as complex chemistry build increasingly intense environments for the flexible pipe to resist.

Also, many fields are insisting on the limitations of existing technology. In 2020, Baker Hughes developed novel designs for flexible pipes used in the oil & gas industry. The new designs use carbon fiber composite materials. These pipes are lighter in weight and easy to install; they require less equipment for installation purposes. Such developments boost productivity with increased flexibility, speed, and performance of pipelines, which accelerate the demand for offshore pipelines. Discovery of new oil and gas reserves is also expected to drive the growth of the MEA offshore pipeline market.

Countries in the MEA, especially Saudi Arabia and Iran, are adversely affected by the COVID-19 outbreak. The pandemic is hindering the overall oil & gas industry owing to considerable disruptions in supply chain activities coupled with the several countries across the region sealing off their international trade. The MEA, especially the GCC countries, are witnessing a notable decline in the oil & gas sector owing to sharp drop in the demand for oil from major countries across Asia, Europe, and North America.

As a result, the countries in MEA are registering a lowered volume of oil production and restricting the construction of oil & gas related projects that subsequently restrain the demand for offshore pipelines. Saudi Arabia, the UAE, Qatar, and selected other members of OPEC also observed similar trends during the early months of the pandemic.

The outbreak's impact is quite severe in 2020, and it is likely to continue in 2021. Hence, the ongoing COVID-19 crisis and critical situation in the countries - such as Saudi Arabia and Iran - would restrain the growth of the MEA offshore pipeline market in the next few quarters.

Based on diameter, the more than 24 inches segment led the MEA offshore pipeline market in 2019. The percentage of the material cost of the offshore pipeline significantly increases with the increase in pipeline diameter. Pipelines with more than 24 inch diameter such as transmission pipelines transport natural gas, natural gas liquids, and crude oil for long distances, mostly across continents, countries, and states.

These pipelines are used to transmit products to distribution centers from the production regions. Further, they operate at a very high temperature that ranges from 200 to 1200 pounds per square inch. The diameter of transmission pipelines is up to 42 inches. The rising discoveries of new oil & gas reserves in remote and new locations are raising investments in these pipelines for the distribution of products to the markets. Pipeline with more than 24 inches diameter is useful to cover long distance and operate at high temperature; these advantages are expected to increase its demand in coming years, which will drive the MEA offshore pipeline market growth.

Bechtel Corporation; Fugro; John Wood Group PLC; Larsen & Toubro Limited; McDermott International, Inc.; Petrofac Limited; Saipem S.p.A; Sapura Energy Berhad; Subsea 7 S.A.; and TechnipFMC plc are a few players operating in the market.

Key Topics Covered:

1. Introduction

2. Key Takeaways

3. Research Methodology

4. MEA Offshore Pipeline Market Landscape

4.1 Market Overview

4.2 MEA PEST Analysis

4.3 Ecosystem Analysis

4.4 Expert Opinion

5. MEA Offshore Pipeline Market - Key Market Dynamics

5.1 Market Drivers

5.1.1 Escalation in Demand for Natural Gas and Crude Oil

5.1.2 Prerequisite for Safe, Cost-Effective, and Efficient Connectivity

5.2 Market Restraints

5.2.1 Cross- Border Pipeline Transportation Difficulties

5.3 Market Opportunities

5.3.1 Finding New Oil & Gas Reserves

5.4 Future Trends

5.4.1 Improvements in Flexible Pipe Technology

5.5 Impact Analysis of Drivers and Restraints

6. Offshore Pipeline Market - MEA Analysis

6.1 MEA Offshore Pipeline Market Overview

6.2 MEA Offshore Pipeline Market - Revenue, and Forecast to 2027 (US$ Million)

6.3 Market Positioning - Market Players Ranking

7. MEA Offshore Pipeline Market Analysis - By Diameter

7.1 Overview

7.2 MEA Offshore Pipeline Market, By Diameter (2019 and 2027)

7.3 Less than 24 inches

8. MEA Offshore Pipeline Market Analysis - By Line Type

8.1 Overview

8.2 MEA Offshore Pipeline Market, By Line Type (2019 and 2027)

8.3 Export Line

8.4 Transport

9. MEA Offshore Pipeline Market Analysis - By Product

9.1 Overview

9.2 MEA Offshore Pipeline Market, By Product (2019 and 2027)

9.3 Oil

9.4 Gas

9.5 Refined Products

10. MEA Offshore Pipeline Market - Country Analysis

10.1 Overview

11. Impact of COVID-19 Pandemic on MEA Offshore Pipeline Market

11.1 MEA: Impact Assessment of COVID-19 Pandemic

12. Industry Landscape

12.1 Overview

12.2 Market Initiative

12.3 New Product Development

12.4 Merger and Acquisition

13. Company Profiles

• Bechtel Corporation
• Fugro
• John Wood Group PLC
• Larsen & Toubro Limited
• McDermott International, Inc.
• Petrofac Limited
• Saipem S.p.A
• Sapura Energy Berhad
• Subsea 7 S.A.
• TechnipFMC plc

For more information about this report visit https://www.researchandmarkets.com/r/9tf130

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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Andrea Mancino, Executive Vice President of New York, and Carmel Pratt, Director of New Construction Drive Industry Leadership

NEW YORK--(BUSINESS WIRE)--Bright Power leaders, Andrea Mancino and Carmel Pratt, were elected to the Boards of Directors for two leading organizations driving sustainable buildings and industry education.

Andrea Mancino, Executive Vice President of New York for Bright Power, was elected to the Northeast Sustainable Energy Association (NESEA) Board of Directors. She previously served as Co-Chair for NESEA’s annual BuildingEnergy NYC conference — designed by and for practitioners in the fields of high-performance building design, energy efficiency, renewable energy, as well as building and energy policy. Committed to furthering education in the field, Andrea organized and led conference sessions for the past 8 years, including a session on New York State policy and programs pushing towards carbon neutral buildings. At Bright Power, Andrea oversees all of the teams that deliver services to buildings in the New York Metro area.

“I could not be more excited to contribute to NESEA’s mission as a Board Member,” said Andrea Mancino, Executive Vice President of New York for Bright Power. “NESEA plays a key role in driving a more sustainable future across the northeast.” Andrea was previously honored on the 2019 Environment + Energy Leader 100 list.

Carmel Pratt, Director of New Construction for Bright Power, was elected to the New York Passive House (NYPH) Board of Directors. Carmel has previously volunteered with NYPH on their annual conference and public project database efforts. She has been dedicated to furthering industry knowledge by leading conference sessions and lecturing at higher education institutions. Carmel joined Bright Power in 2020, where she manages the teams working on ground-up new construction, existing building rehabilitation and high-performance projects.

“Being elected to NYPH’s Board of Directors is an absolute honor. I look forward to working with and learning from other leaders to make net-zero/passive design and construction more accessible and help New York meet its climate goals,” said Carmel Pratt, Director of New Construction for Bright Power.

Beyond furthering industry knowledge through NESEA and NYPH, Andrea and Carmel are part of Bright Power’s internal diversity, equity and inclusion initiative - the Alliance of Multicultural People in Sustainability (AMPS). Both Andrea and Carmel have mentored young female professionals to increase female representation in the construction and commercial real estate industries.

“All of us at Bright Power could not be more proud of Andrea and Carmel or more thankful for their contributions to sustainability and the built environment,” stated Jeffrey Perlman, President and Founder of Bright Power. “NESEA and NYPH will greatly benefit from their expertise and dedication.”

About Bright Power, Inc.

Bright Power provides strategic energy and water solutions to building owners and operators across the nation. Specializing in multifamily apartment buildings, Bright Power has worked with almost 100,000 buildings that cover 1.9 billion square feet. Bright Power’s energy management solutions include EnergyScoreCards benchmarking software, MoBIUS® real-time energy management, energy audits, energy procurement, on-site generation, green building design services, turnkey installation of energy improvements and ongoing energy management. For more information, please visit www.brightpower.com.

Media
Stephanie Driscoll
Blue Fog Communications
781-535-8489

ST. JOHN’S, Newfoundland and Labrador--(BUSINESS WIRE)--$ALS.TO #copper--Altius Minerals Corporation (ALS:TSX) (ATUSF: OTCQX) (“Altius” or the “Corporation”) expects to report record attributable quarterly royalty revenue^† of approximately $21.9 million ($0.53 per share) for the fourth quarter ended December 31, 2020. This compares to quarterly revenues of $16.2 million ($0.39 per share) in Q3 2020 and $17.6 million ($0.41 per share) in the comparable quarter last year. For the full year ended December 31, 2020 Altius expects to report royalty revenue of $67.5 million ($1.62 per share) compared to $78.1 million for the year ended December 31, 2019 ($1.83 per share).

Fourth quarter royalty revenue represents a significant rebound from levels recorded during the first three quarters of the year, benefitting primarily from stronger underlying commodity prices, a significant end-of-year dividend issuance by the Iron Ore Company of Canada (“IOC”) and higher tonnage-based revenue related to a greater share of ownership in its Alberta thermal coal royalty partnership.

Base metal (primarily copper) revenue of $6.8 million, or 31% of total royalty revenue, was positively impacted by improved prices but this was offset during the quarter by unplanned production interruptions at Chapada and 777. While full production has now resumed at both operations, we expect residual volume-based impacts to revenue in the current quarter due to normal lag periods between production and royalty recognitions.

Potash revenue of $3.0 million was comparable to the prior quarter and year ago comparable quarter. Stronger pricing during Q4 was offset by reduced production throughput due to planned maintenance at key mines. Revenue was lower on a year-over-year basis on lower annual average realized pricing but offset partially by higher total annual production volumes.

Thermal (electrical) coal revenue of $6.3 million in Q4 2020 was higher than the year ago comparable quarter of $3.5 million, and the $2.7 million recorded in Q3 2020. The acquisition of additional royalty partnership units from Liberty Metals & Mining Holdings LLC announced on July 27, 2020 for a net cost of $9.0 million resulted in incremental revenue of $3.0 million during the quarter.

Iron ore revenue of $5.2 million, or 24% of total royalty revenue, was higher this quarter compared to the previous quarter as IOC paid a significant dividend to shareholders after having elected to not declare dividends during the first three quarters of the year. This in turn resulted in an increased flow through of dividend payments to Altius from Labrador Iron Ore Royalty Corporation (“LIORC”). On a year-to-date basis, 2020 revenue was lower than 2019 on reduced IOC dividend payments and a reduction in the LIORC shareholding level that the Corporation completed earlier in the year.

Fourth Quarter and Year end 2020 Financial Results Conference Call and Webcast Details

Additional details relating to individual royalty performances and asset level developments will be provided with the release of full financial results, which will occur on March 10, 2021 after the close of market, with a conference call to follow on March 11, 2021.

Date: March 11, 2021
Time: 9:00 AM EST
Toll Free Dial-In Number: +1(866) 521-4909
International Dial-In Number: +1(647) 427-2311
Conference Call Title and ID: Altius Q4 and Year End 2020 Financial Results; ID - 5162939
Webcast Link: Altius Q4 and Year End 2020 Financial Results

^†Attributable royalty revenue is a non-IFRS measure and does not have any standardized meaning prescribed under IFRS. For a detailed description and examples of the reconciliation of this measure, please see the Corporation’s MD&A disclosures for prior quarterly and annual reporting periods, which are available at http://altiusminerals.com/financialstatements

About Altius

Altius’s strategy is to create per share growth through a diversified portfolio of royalty assets that relate to long life, high margin operations. This strategy further provides shareholders with exposures that are well aligned with sustainability-related global growth trends including the electricity generation transition from fossil fuel to renewables, transportation electrification, reduced emissions from steelmaking and increasing agricultural yield requirements. These each hold the potential to cause increased demand for many of Altius’s commodity exposures including copper, renewable based electricity, several key battery metals (lithium, nickel and cobalt), clean iron ore, and potash. Altius has 41,477,653 common shares issued and outstanding that are listed on Canada’s Toronto Stock Exchange. It is a member of both the S&P/TSX Small Cap and S&P/TSX Global Mining Indices.

Forward-Looking Information

This news release contains forward-looking information. The statements are based on reasonable assumptions and expectations of management and Altius provides no assurance that actual events will meet management's expectations. In certain cases, forward-looking information may be identified by such terms as "anticipates", "believes", "could", "estimates", "expects", "may", "shall", "will", or "would". Although Altius believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those projected. Readers should not place undue reliance on forward-looking information. Altius does not undertake to update any forward-looking information contained herein except in accordance with securities regulation.

Flora Wood
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Direct: +1(416)346.9020

Ben Lewis
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WALTHAM, Mass.--(BUSINESS WIRE)--Global Partners LP (NYSE: GLP) announced today that the Board of Directors of its general partner, Global GP LLC, has increased its quarterly cash distribution by $0.05 per unit to $0.55 per unit ($2.20 per unit on an annualized basis) on all of its outstanding common units for the period from October 1 to December 31, 2020. The distribution will be paid February 12, 2021 to unitholders of record as of the close of business on February 8, 2021.

Non-U.S. Withholding Information

This press 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%) of GLP’s distributions to non-U.S. investors as being attributable to income that is effectively connected with a United States trade or business. Accordingly, GLP’s distributions to non-U.S. investors are subject to federal income tax withholding at the highest applicable effective tax rate.

About Global Partners LP

With approximately 1,550 locations primarily in the Northeast, Global Partners is one of the region’s largest independent owners, suppliers and operators of gasoline stations and convenience stores. Global also owns, controls or has access to one of the largest terminal networks in New England and New York, through which it distributes gasoline, distillates, residual oil and renewable fuels to wholesalers, retailers and commercial customers. In addition, Global engages in the transportation of petroleum products and renewable fuels by rail from the mid-continental U.S. and Canada. Global, a master limited partnership, trades on the New York Stock Exchange under the ticker symbol “GLP.” For additional information, visit www.globalp.com.

Forward-looking Statements

Certain statements and information in this press release may constitute “forward-looking statements.” The words “believe,” “expect,” “anticipate,” “plan,” “intend,” “foresee,” “should,” “would,” “could” or other similar expressions are intended to identify forward-looking statements, which are generally not historical in nature. These forward-looking statements are based on Global Partners’ current expectations and beliefs concerning future developments and their potential effect on the Partnership. While management believes that these forward-looking statements are reasonable as and when made, there can be no assurance that future developments affecting the Partnership will be those that it anticipates. Forward-looking statements involve significant risks and uncertainties (some of which are beyond the Partnership’s control) including, without limitation, the impact and duration of the COVID-19 pandemic, uncertainty around the timing of an economic recovery in the United States which will impact the demand for the products we sell and the services we provide, uncertainty around the impact of the COVID-19 pandemic to our counterparties and our customers and their corresponding ability to perform their obligations and/or utilize the products we sell and/or services we provide, uncertainty around the impact and duration of federal, state and municipal regulations related to the COVID-19 pandemic, and assumptions that could cause actual results to differ materially from the Partnership’s historical experience and present expectations or projections.

For additional information regarding known material factors that could cause actual results to differ from the Partnership’s projected results, please see Global Partners’ filings with the SEC, including its Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K.

Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date hereof. The Partnership undertakes no obligation to publicly update or revise any forward-looking statements after the date they are made, whether as a result of new information, future events or otherwise.

Daphne H. Foster
Chief Financial Officer
Global Partners LP
(781) 894-8800

Edward J. Faneuil
Executive Vice President,
General Counsel and Secretary
Global Partners LP
(781) 894-8800

Kloss Distributing Now Powers Beverage Distribution Business with the Sun

GURNEE, Ill.--(BUSINESS WIRE)--Residents of Lake County, Illinois, can drink a little greener in 2021 thanks to the solar installation that now powers Kloss Distributing in Gurnee. Kloss Distributing moves 4 million cases of beer, wine and soft drinks to 1,500 locations across Lake County each year – and with its new installation fully activated, all of the company’s electricity is now generated by the solar panels that cover Kloss’ warehouse roof. Kloss Distributing expects the solar installation to save the company $70,000 per year in electric costs.

Kloss partnered with General Energy Corporation (GEC), to provide a turnkey solar solution that covered 100% of the company’s electric needs. GEC designed and installed the 700 kw solar system, managed the connection to the electric grid, and trained Kloss staff on the operation of the system.

Kloss Distributing has been operating in northern Illinois since 1973. The Kloss family had for years been interested in installing solar to lower the business’s energy costs, make operations more sustainable and set Kloss apart from the competition. And in 2020, the company decided the opportunity was too good to pass up. Advances in solar technology, combined with the availability of federal and state incentives, meant the Kloss solar array would pay for itself in roughly two years and generate $70,000 in energy savings every year thereafter. As President Mike Kloss put it, “It’s a good business decision and great for the environment.”

GEC also helped Kloss apply for incentives through state and federal renewable energy programs to make sure the distributor maximized its return on investment. GEC has provided solar and energy efficiency solutions for commercial customers in Illinois and across the country since 1985. In the past year, GEC delivered turnkey solar solutions for several Illinois distribution, manufacturing and industrial businesses.

By generating its own clean solar electricity, Kloss Distributing will reduce CO2 pollution by 639 metric tons each year – the equivalent to taking 138 cars off the road.

After 47 years in business, Kloss is continuing to invest in making operations more economic and more sustainable. The Kloss family is confident that switching to solar power will help their business continue to succeed for generations to come.

Peter Gray, Aileron Communications
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Floresti Communal Services to Take Advantage of Itron’s Water Operations Management Solution, Fixed Network and Meters to Improve Operational Efficiency and Conserve Water

LIBERTY LAKE, Wash.--(BUSINESS WIRE)--Itron, Inc. (NASDAQ: ITRI), which is innovating the way utilities and cities manage energy and water, signed a contract with Floresti Communal Services in Moldova in Eastern Europe to deploy its Water Operations Management (WOM) solution, wide-area low-power network, and residential and commercial & industrial (C&I) water meters to improve operational efficiency and help conserve water in Moldova. The utility will take advantage of the solution to improve operational visibility, pressure management, data analysis and meter data management.

By taking advantage of Itron’s water meters equipped with Everblu Cyble Enhanced modules for fixed network data collection, Floresti Communal Services will be able to streamline meter reading and gather hourly water consumption data. The utility will also be able to reduce real and apparent water loss with access to water intelligence and tampering alarms. With Itron’s WOM solution the utility will be able to manage, maintain and extend its water infrastructure and reduce non-revenue water (NRW) loss with applications such as Operational Visibility, Leak Management and Advanced Pressure Management.

“Our mission is to ensure quality water delivery to all of our customers, and we are committed to modernizing and maintaining our operations,” said Eugeniu Barbalat, director at Floresti Communal Services. “By implementing Itron’s technology, we will be able to improve operational efficiency while reducing NRW loss.”

“At Itron, we are focused on delivering measurable results and value-based outcomes to address and reduce water loss, and we look forward to collaborating with Floresti Communal Services,” said Don Reeves, senior vice president of Outcomes at Itron. “With our water solutions, the utility will be equipped to protect its water supply by closely monitoring its system and accurately measuring consumption to conserve its precious water resources.”

About Itron

Itron enables utilities and cities to safely, securely and reliably deliver critical infrastructure solutions to communities in more than 100 countries. Our portfolio of smart networks, software, services, meters and sensors helps our customers better manage electricity, gas and water resources for the people they serve. By working with our customers to ensure their success, we help improve the quality of life, ensure the safety and promote the well-being of millions of people around the globe. Itron is dedicated to creating a more resourceful world. Join us: www.itron.com.

Itron^® is a registered trademark of Itron, Inc. All third-party trademarks are property of their respective owners and any usage herein does not suggest or imply any relationship between Itron and the third party unless expressly stated.

Itron, Inc.
Alison Mallahan
Senior Manager, Corporate Communications
509-891-3802
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New CEO Sees Nationwide Opportunities

DENVER--(BUSINESS WIRE)--The Broe Group’s transportation affiliate, OmniTRAX Inc., has named Dean Piacente its Chief Executive Officer. Piacente, an accomplished Class I rail leader with more than 20 years of tenure as a CSX commercial executive, assumes his new role on February 1, 2021.

“Dean is one of the most respected business leaders in rail. His depth of Class I commercial experience, record of sustained results, and demonstrated leadership make him the ideal person to lead OmniTRAX’s continued growth,” said OmniTRAX Board Member David Garin.

Piacente’s appointment gives OmniTRAX more than three decades of dynamic financial planning, analysis and multi-commodity expertise spanning intermodal, industrial, chemical, energy and third-party logistics across the North American rail network.

“Dean truly values the role OmniTRAX’s first and last mile services play in economic development and his extensive rail experience will be pivotal to help OmniTRAX bring the benefits of rail to new customers while growing more American communities,” said OmniTRAX Board Member Sean Broe.

Piacente sees great value in the established OmniTRAX customer-centric culture and its relentless commitment to safety that have paced the company’s strong performance.

“OmniTRAX’s growth is truly impressive and has produced a strong franchise comprised of diverse rail properties in key markets with tremendous opportunities that span the nation,” said CEO Dean Piacente. “I’m excited to bring my Class I customer and partner relationships to OmniTRAX to help realize our full potential.”

A New York native and Florida State University graduate, Piacente holds executive education credentials from Harvard Business School and Columbia University. Dean and his wife Tammy will relocate to Colorado, OmniTRAX’s corporate headquarters.

About OmniTRAX, Inc.

As one of North America’s largest and fastest growing private railroad and transportation management companies, OmniTRAX's core capabilities range from providing transportation and supply chain management services to railroad and port companies, to providing intermodal and industrial switching operations to railroads, ports and a diverse group of industrial companies. Through its affiliation with The Broe Group and its portfolio of managed companies, OmniTRAX also has the unique capability of offering specialized industrial development and real estate solutions, both on and off the rail network managed by OmniTRAX. More information is available at omnitrax.com.

About The Broe Group

Based in Denver, The Broe Group and its affiliates form a privately-owned, multi-billion-dollar real estate, transportation, energy and investment organization with assets owned and managed across North America. Together, Broe managed companies employ more than 1,000 people and support employment of thousands of others through operations such as its Great Western Industrial Park in Northern Colorado. Its transportation affiliate, OmniTRAX, Inc., is one of North America’s largest private railroad and transportation management companies specializing in: management services, railroad and port services, intermodal solutions and industrial switching operations. Its energy affiliates include Great Western Petroleum LLC, the largest private operator in the third most prolific U.S. basin. Broe Real Estate Group acquires, develops and manages office and industrial properties, medical office buildings and multi-family communities across the country, including premier assets in many of the most desirable markets. The Broe Group also has multiple investment affiliates, including Three Leaf Ventures, which is focused on innovative healthcare technology start-ups. For more information, visit broe.com.

Media Contact:
Ronald Margulis
RAM Communications
+1 908.272.3930
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SCHENECTADY, N.Y.--(BUSINESS WIRE)--Distributed Solar Development (DSD) announced today the closing of a $300M debt facility financed by Credit Suisse, the first of multiple financing deals DSD expects to close on this winter. The financing is aligned with DSD’s 2021-2022 projects under development and flexible enough to support its anticipated scale of growth.

“Our team’s ability to map out projects is among the best in the industry,” said Erik Schiemann, CEO at DSD. “The fact that our pipeline is developed to the point where we can sustain two-year availability with a leading global financial institution is a clear indication of how renewable energy is driving business as well as environmental responsibility.”

The Credit Suisse debt facility will be used to finance a broad range of commercial and industrial projects and distributed generation assets, and will accommodate multiple tax equity partnerships and structures.

“This facility provides a flexible back leverage solution that allows DSD to focus on originating and developing assets, rather than ongoing financing,” said Jamie Hutson, Director of Structured Finance at DSD. “It provides the kind of flexibility an innovative developer requires and helps fulfill our vision for making distributed solar energy more widely available. We look forward to building this relationship.”

About Distributed Solar Development

Distributed Solar Development (DSD) is transforming the way organizations harness clean energy. With unparalleled capabilities including development, structured financing, project acquisition and long-term asset ownership, DSD creates significant value for our commercial, industrial and municipal customers and partners. Backed by world-leading financial partners like BlackRock Real Assets and rooted in our founding at GE with a 120+ year legacy of innovation, our team brings a distinct combination of ingenuity, rigor, and accountability to every project we manage, acquire, own and maintain. To learn more, visit dsdrenewables.com. Connect with us on LinkedIn and Twitter.

Media:
Meghan Gainer
Head of Marketing & Communications, Distributed Solar Development
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518-369-3692

Cassie Olszewski
Gregory FCA for Distributed Solar Development
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484-200-0091

Uplight continues market leadership, launching nine new Demand Response Pre-Enrollment Programs this past year

BOULDER, Colo.--(BUSINESS WIRE)--Uplight, the technology partner for energy providers transitioning to the clean energy ecosystem, had a record breaking year for Marketplaces in 2020 with a sales increase of 39% year over year. Uplight is the leading provider of comprehensive and innovative utility Marketplaces, currently serving more than 30 million energy customers through nearly 30 Marketplaces. Last year’s sales put more than 1.7 million energy saving devices in homes, and will lead to an estimated 150 million kWh and $20 million saved on energy bills for customers next year alone.

“In a year where we threw all predictions out the window, utilities were able to leverage Marketplaces to engage customers and provide energy-saving products – elevating the role of the utility as a trusted energy partner who helps customers save energy and money, right at the time that customers needed it most,” said Brad Chen, General Manager of E-Commerce of Uplight. “We saw record breaking sales in 2020 because our flexible Marketplace product and established partnerships with manufacturers and utilities helped us quickly adapt to the uncertainty and turn challenges into successful opportunities to get cost-effective energy-saving products to customers while still meeting utility goals.”

As many utility customers spent more time at home this year, these energy-saving products helped increase their comfort and manage their energy spend, providing positive benefits for each participating customer. In 2020, Uplight launched multiple campaigns with utilities like Consumers Energy designed to get no- and low-cost smart thermostats into the homes of utility customers.

When aggregated across all Uplight Marketplace utility customers, the 1.7 million energy-saving devices Uplight delivered enabled energy providers to remove the equivalent of a peaker power plant from the grid. As utilities race to meet aggressive decarbonization goals, this year’s Uplight Marketplace performance provided an extra push.

Uplight’s Marketplace sales in 2020 reflect a broader trend, as utilities aim to be at the center for all things energy-related, and particularly for distributed energy resources. Uplight significantly expanded its demand response (DR) pre-enrollment program launching nine DR pre-enrollment programs in 2020, bringing the total number of programs to13, including the first pre-enrollment for gas DR and managed charging programs. Uplight first launched this novel feature in 2017 to eliminate friction for energy customers interested in enrolling, and now Uplight enrolls more than 60% of eligible customers into DR programs with their Marketplace device purchases.

Uplight continued to push its focus on Marketplace innovation with new product and program offerings. Uplight worked with two utility partners to launch a Marketplace Giveaway Hub, creating a central location where utilities can provide free energy efficiency products to low-to-moderate income customers. Additionally, Uplight launched 40 new products including air purifiers, dehumidifiers, smart sprinklers, etc, to expand customer options while also supporting additional rebate offers.

Additional Resources:

• Uplight’s Marketplace Solution
• Blog Post: How Uplight Marketplaces Adapted and Thrived in 2020
• Case Study: Consumers Energy Smart Thermostat Driven Demand Response Program
• Press Release: Uplight and Enel X Launch Electric Vehicle Charging Pilot Program for New York Hudson Valley Utility Customers
• 2020 Uplight Survey on Energy Customers

About Uplight

Uplight is powering the customer energy experience for more than 80 electric and gas utilities around the globe. Uplight provides the market’s leading energy applications for Demand Side Management, Energy Analytics, Disaggregation, Utility Marketplaces, Utility Personalization, Home Energy Management, Demand Response, and more. Connected by a unique Energy Personalization Architecture, Uplight’s platform blends advanced data science with energy-specific analytics, enabling utilities to create the personalized customer experiences that improve customer satisfaction, reduce service costs, increase revenue, and deliver sustainable energy outcomes––all in a simple, fast, and cost-effective way. A certified B Corporation, Uplight is on a mission to build a more sustainable future by accelerating the clean energy ecosystem. To learn more, visit us at www.uplight.com, find us on Twitter @uplight or on LinkedIn at https://www.linkedin.com/company/uplightenergy.

Elaine Reddy
720-252-8105
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NEW YORK--(BUSINESS WIRE)--Hudson Sustainable Group (Hudson) announced today that it has closed the firm’s inaugural green bond in the Japanese market, with the issuance of 7.3 billion JPY (~$70.5 million USD). The bond is rated BBB and has received a Green 1/g1/m1 rating, the highest green rating under the Green Finance Framework by Japan Credit Rating Agency, Ltd. It is considered the most diversified solar PV portfolio bond issuance to-date in the Japanese market. The assets underlying the notes are a portfolio of thirty-three operating solar PV assets located throughout the country, with a total generating capacity of 29 MWdc. These projects have Japanese Feed-in-Tariff (FiT), standardized government-backed revenue contracts with 20 years of life. The portfolio is anticipated to generate approximately 34,000 MWh of solar energy annually and reduce more than 15,800t of CO₂ greenhouse gas emissions annually. Deutsche Bank AG, a leading investment bank with a global network financed the original acquisition of the portfolio for Hudson in 2019.

The green bond closed on January 22, 2021, and will be held by global institutional investors arranged by Nomura Securities Co., Ltd. Nishimura & Asahi acted as the issuer’s legal counsel and separately acted as counsel to the Nomura investors respectively.

This transaction is the second green bond issuance by Hudson and builds on the firm’s long-term track record in the renewable energy space. Hudson will continue to fund and manage eligible green projects.

The closing of the green bond is consistent with Hudson’s focus on investing in companies and assets that promote the sustainability of the physical and social environment, consistent with the United Nations Sustainable Development Goals. As part of this mission, Hudson has published its Green Finance Framework. The framework is based on the Green Bond Principles 2018 and the Green Loan Principles 2020, a set of voluntary guidelines that aim to promote integrity and transparency in the green bond and loan markets. The framework will support Hudson’s mandate to finance projects that promote low carbon energy sources, resource efficiency, efficient production methods, sustainable transportation, infrastructure resiliency, and human development and safety.

“We are pleased to have closed our inaugural green bond in the Japanese market. This is our second green bond issuance, following the issuance last month of a US$97 million green bond in Uruguay, said Neil Auerbach, Hudson’s Chief Executive Officer and Managing Partner. This green bond represents a continuation of our commitment to generate a positive environmental impact and to contribute to the U.N.’s Sustainable Development Goals.”

Sustainalytics, a leading provider of ESG research and ratings, provided a second-party opinion that independently confirmed the environmental benefits of Hudson’s Green Finance Framework.

To view additional details on Hudson’s sustainable bond and loan issuance strategy, please visit https://www.hudsonsustainable.com/esg-initiatives to download the Framework and second-party opinion.

About Hudson

Hudson Sustainable Group (“Hudson”, or the “Company”) is focused on investing in the sustainability sector globally, with an emphasis on renewable energy, resource efficiency, and other aspects of sustainable technology. Founded in 2007, Hudson acts as a principal investor and manager and has made 20 investments to date in 26 countries. For more information, visit www.hudsonsustainable.com.

About Nomura Securities Co., Ltd

Nomura is a global financial services group with an integrated network spanning over 30 countries. By connecting markets East & West, Nomura services the needs of individuals, institutions, corporates and governments through its four business divisions: Retail, Asset Management, Wholesale (Global Markets and Investment Banking), and Merchant Banking. Founded in 1925, the firm is built on a tradition of disciplined entrepreneurship, serving clients with creative solutions and considered thought leadership. For further information about Nomura, visit www.nomura.com.

Jared Blanton
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415-712-1417