North Texas Renewable Energy Purchase Will Significantly Reduce Carbon Emissions

DALLAS--(BUSINESS WIRE)--CyrusOne Inc. (NASDAQ: CONE), a premier global data center real estate investment trust (REIT), today announced that the company will purchase 67 MW of renewable energy delivered to the electricity grid and equivalent renewable energy credits generated by Enel Green Power’s 284 MW¹ Azure Sky solar + storage project located in Haskell County, Texas. The agreement reflects CyrusOne’s commitment to accelerate the transition to renewable energy resources in local communities and is part of the Company’s effort under its pledge to operate carbon-free by 2040.

Through the agreement, CyrusOne will significantly reduce its CO2 emissions over the term of the contract. The purchase is equivalent to meeting 100% of the power requirements for CyrusOne’s data center facility in Allen, Texas, and approximately 70% of the power requirements for its data center in Carrollton, Texas. Additionally, CyrusOne will retire project-specific renewable attributes from Azure Sky solar + storage equal to 100% of the power usage at its Dallas headquarters. CyrusOne has previously procured solar power for its Chandler facility in Arizona, and its data centers in London and Amsterdam also run on 100% renewable energy.

“The purchase of renewables to reduce data center carbon emissions is a key part of our comprehensive sustainability mission at CyrusOne,” said Kyle Myers, Senior Director of Environmental Health, Safety, and Sustainability at CyrusOne. “We’ve been transitioning our energy requirements to focus on renewable sources across our data center portfolio and are committed to implementing cutting-edge technologies and strategies that create a more sustainable future.”

The transaction was structured in collaboration with Energy Edge and J. Aron and Company LLC., a subsidiary of Goldman Sachs, to support CyrusOne in its goal to eliminate carbon emissions by 2040. The Azure Sky solar + storage project in Haskell County, Texas, is expected to be operational by the end of 2021. For more information on CyrusOne’s sustainability program, please visit: https://cyrusone.com/about/about-us/sustainability/

About CyrusOne

CyrusOne (NASDAQ: CONE) is a premier global REIT specializing in design, construction and operation of more than 50 high-performance data centers worldwide. The company provides mission-critical facilities that ensure the continued operation of IT infrastructure for approximately 1,000 customers, including approximately 200 Fortune 1,000 companies.

A leader in hybrid-cloud and multi-cloud deployments, CyrusOne offers colocation, hyperscale, and build-to-suit environments that help customers enhance the strategic connection of their essential data infrastructure and supporting achievement of sustainability goals. CyrusOne data centers offer world-class flexibility, enabling clients to modernize, simplify, and rapidly respond to changing demand. Combining exceptional financial strength with a broad global footprint, CyrusOne provides customers with long-term stability and strategic advantage at scale.

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, are statements that could be deemed forward-looking statements. These statements are based on current expectations, estimates, forecasts, and projections about the industries in which we operate and the beliefs and assumptions of our management as of the date of this press release. Words such as “pledges,” "expects," "anticipates," "predicts," "projects," "intends," "plans," "believes," "seeks," "estimates," "continues," "endeavors," "strives," "may," variations of such words and similar expressions are intended to identify such forward-looking statements. In addition, any statements that refer to projections of our future financial performance or operations, our anticipated growth and trends in our and our customers’ respective businesses and industries, and other characterizations of future events or circumstances, including statements about operating with zero carbon emissions by 2040, are forward-looking statements. Readers are cautioned these forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties, which could cause our actual results to differ materially and adversely from those reflected in the forward-looking statements. More information on these risks and uncertainties and other potential factors that could affect the Company’s business and financial results is included in CyrusOne’s filings with the U.S. Securities and Exchange Commission, including in the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of the Company’s most recently filed periodic reports on Form 10-K and Form 10-Q and subsequent filings. The Company disclaims any obligation other than as required by law to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors or for new information, data or methods, future events or other changes.

¹ 284 MWdc, which will inject up to 225 MWac peak power in to the grid

David M. Baum
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+1 646.428.0620

HARTFORD, Conn.--(BUSINESS WIRE)--IFG Companies (www.ifgcompanies.com) is pleased to announce that Marshal H. Biles has been promoted to Vice President and Head of Primary Property effective February 1^st. Marshal joined IFG Companies in May of 2017 and has been an integral member of the Inland Marine team. In addition to his inland marine experience, Mr. Biles brings an extensive background in property, positioning him to successfully lead our growing property business. Marshal works out of the IFG Companies' Alpharetta office and will report directly to Michael Fleischer, Chief Underwriting Officer.

Prior to joining IFG Companies, Mr. Biles was a property and inland marine underwriter at Great American Insurance Group and spent five years as a production underwriter for Southern Insurance Underwriters, Inc. Marshal also worked as a property and casualty commercial agent, served as an independent insurance consultant in real estate development and construction and was a Sergeant in the United States Marine Corps. Mr. Biles holds a Bachelor of Business Administration Degree in Risk Management/Insurance from the University of Georgia.

About IFG

Founded in 1985, IFG Companies is one of the largest privately held insurance groups in the United States. IFG Companies provides property–casualty insurance on both a non-admitted basis and an admitted basis throughout America. IFG Companies has two principal underwriting groups, the Bind Division and the Brokerage Division. Bind provides general liability, garage liability and property coverages through select contracted producers. Brokerage focuses primarily on mid-sized or more complex accounts and includes the Primary Casualty, Excess/Umbrella Liability and Property underwriting units. Coverages are underwritten by IFG's affiliated insurers: The Burlington Insurance Company, First Financial Insurance Company, Alamance Insurance Company and Guilford Insurance Company. All hold a financial strength rating of A (Excellent) from A. M. Best Company.

Brett Blumencranz
678.222.1033
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Marotta’s CAS to Perform in Supersonic Long-range Air-launch Environment

MONTVILLE, N.J.--(BUSINESS WIRE)--#CAS--Marotta Controls, a rapidly growing aerospace and defense supplier based in New Jersey, announced today that it has designed and will be manufacturing a new Control Actuation System (CAS) for the U.S. Navy’s Supersonic Propulsion Enabled Advanced Ramjet (SPEAR) project. The Navy’s Naval Air Warfare Center Weapons Division is co-developing the SPEAR demonstrator with Boeing, which will help the Navy determine technical requirements for future carrier-based weapons systems. Marotta’s CAS will be utilized on SPEAR during its technology prove-out demonstration slated for late 2022.

Leveraging Experience, Solving Design Challenges

Supersonic speeds present an inarguably harsh performance environment. To satisfy this while also meeting thermal management and system weight requirements within the packaging specifications, Marotta is repurposing two different systems previously developed and qualified by Marotta. This hybrid solution minimizes technical risk and maximizes hardware re-use. The resulting CAS is a high-performance system consisting of high-power density electronics and electromechanical actuators. It will be capable of producing a minimum of 8,000 Watts of power and a bandwidth of greater than 18 Hertz.

Marotta aims to accomplish testing in less than half the typical time by leveraging its newly acquired in-house test capabilities. The company recently announced the expansion of its in-house testing capabilities ultimately creating one of the U.S.’ most sophisticated test facilities. That expansion included the addition of state-of-the-art vibration testing systems capable of supporting the SPEAR CAS’s pre-flight qualification analysis.

“We truly do thrive on interesting, complex technology challenges at Marotta,” said Adit Girdhari, Business Development Director, Aerospace & Tactical Systems. “We’re designed for it. We have the best end-to-end engineering talent under one roof. We also have the necessary resources and tools to move quickly and efficiently without sacrificing quality. Not to mention direct experience in control actuation system development, which certainly helps us move faster. We’re proud to be part of Boeing’s time-critical project for the Navy and are deeply invested in helping SPEAR succeed.”

Marotta continues to expand its CAS portfolio, which currently includes systems for various missile diameters, power profiles, fin configurations, and applications. Notably, the portfolio achieves significant year-over-year revenue growth.

About Marotta Controls

Founded in 1943, Marotta Controls is a fully-integrated solutions provider which designs, develops, qualifies and manufactures innovative systems and sub-systems for the aerospace and defense sectors. Our portfolio includes pressure, power, motion, fluid, and electronic controls for tactical systems, shipboard and sub-sea applications, satellites, launch vehicles, and aircraft systems. With over 200 patents, Marotta Controls continues to build on its legacy as a highly respected, family-owned small business based in the state of New Jersey. Twitter: @marottacontrols LinkedIn: Marotta Controls, Inc.

DISTRIBUTION STATEMENT A. Approved for public release; distribution is unlimited. SPR#2020-992, 14 January 2021

Heather Ailara
211 Communications
+1.973.567.6040
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Katee Glass
Marotta Controls, Inc.
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TULSA, Okla.--(BUSINESS WIRE)--Williams’ (NYSE: WMB) board of directors has approved a regular dividend of $0.41 per share, or $1.64 annualized, on the company’s common stock, payable on March 29, 2021, to holders of record at the close of business on March 12, 2021.

This is a 2.5% increase from Williams’ first-quarter 2020 quarterly dividend of $0.40 per share, paid in March 2020.

Some portion of this distribution may be considered a return of capital for tax purposes. Additional information regarding return of capital distributions is available at Williams’ investor relations website.

Williams has paid a common stock dividend every quarter since 1974.

About Williams

Williams (NYSE: WMB) is committed to being the leader in providing infrastructure that safely delivers natural gas products to reliably fuel the clean energy economy. Headquartered in Tulsa, Oklahoma, Williams is an industry-leading, investment grade C-Corp with operations across the natural gas value chain including gathering, processing, interstate transportation and storage of natural gas and natural gas liquids. With major positions in top U.S. supply basins, Williams connects the best supplies with the growing demand for clean energy. Williams owns and operates more than 30,000 miles of pipelines system wide – including Transco, the nation’s largest volume and fastest growing pipeline – and handles approximately 30 percent of the natural gas in the United States that is used every day for clean-power generation, heating and industrial use. www.williams.com

Portions of this document may constitute “forward-looking statements” as defined by federal law. Although the company believes any such statements are based on reasonable assumptions, there is no assurance that actual outcomes will not be materially different. Any such statements are made in reliance on the “safe harbor” protections provided under the Private Securities Reform Act of 1995. Additional information about issues that could lead to material changes in performance is contained in the company’s annual and quarterly reports filed with the Securities and Exchange Commission.

MEDIA:
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(800) 945-8723

INVESTOR CONTACTS:
Danilo Juvane
(918) 573-5075

The next-generation battery pioneer will begin development of a new 100 GWh plant to serve automotive customers

ALAMEDA, Calif.--(BUSINESS WIRE)--Sila Nanotechnologies (“Sila Nano”), a next-generation battery materials company, announced that it raised $590 million Series F funding at a $3.3 billion post-money valuation. The new funding comes as the first Sila Nano-powered batteries prepare to ship in consumer devices and the company scales up its production to serve growing demand from smartphone and automotive customers. Coatue led the round with significant participation by funds and accounts advised by T. Rowe Price Associates, Inc. In addition, existing investors 8VC, Bessemer Venture Partners, Canada Pension Plan Investment Board, and Sutter Hill Ventures also participated in the round.

Sila Nano will use the funds to begin development of a new North American 100 GWh plant to produce its silicon-based anode material and serve smartphone and automotive customers. The company, which currently has partnerships with BMW, Daimler, and ATL, aims to start production at the new plant in 2024 and powering electric vehicles by 2025. To help achieve its next phase of growth, Sila Nano will hire another 100 employees in 2021.

“It took eight years and 35,000 iterations to create a new battery chemistry, but that was just step one,” said Gene Berdichevsky, co-founder and CEO, Sila Nano. “For any new technology to make an impact in the real-world, it has to scale, which will cost billions of dollars. We know from our experience building our production lines in Alameda that investing in our next plant today will keep us on track to be powering cars and hundreds of millions of consumer devices by 2025.”

As the world shifts to electric vehicles and a renewables-based energy system, global battery production has been scaling up from 20 GWh per year in 2010 to 2,000 GWh per year by 2030, and 30,000 GWh per year by 2050. Sila Nano’s material was designed as a drop-in replacement for graphite in existing lithium-ion factories, enabling battery makers to dramatically improve the energy density of their products without needing to change the battery manufacturing process or equipment.

“We believe Sila Nano has created a battery technology that is new, groundbreaking, and has a clear path to scale and broad adoption,” said Jaimin Rangwalla of Coatue Management. “We are excited about the Sila Nano team’s opportunity to take advantage of the existing global lithium-ion manufacturing infrastructure and help transform the future of energy storage. We look forward to our future partnership with Gene and his incredible team as they work to deliver on the potential to set a new standard for batteries.”

About Sila Nanotechnologies

Sila Nano develops materials that set a new standard for batteries. Through new battery materials chemistry, Sila Nano enables lighter, safer, higher energy density batteries for mass adoption of electric vehicles, smarter, longer-lasting portable electronics, and broader use of renewable power sources. Their first product is a silicon-based anode that demonstrates 20 percent improvement over state of the art traditional lithium-ion today, with the potential to reach 50 percent improvement over time. Founded in 2011 by Silicon Valley battery engineers and a Georgia Tech Professor of Materials Science, Sila Nano is headquartered in Alameda, California. Investors include 8VC, Amperex Technology Limited, Bessemer Venture Partners, Canada Pension Plan Investment Board, Chengwei Capital, Coatue, Daimler, In-Q-Tel, Matrix Partners, Next47, Samsung, Sutter Hill Ventures, and funds and accounts advised by T. Rowe Price Associates, Inc. For more information, visit www.silanano.com.

Emmalee Kremer for Sila Nano
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TORONTO--(BUSINESS WIRE)--Superior Plus Corp. (“Superior”) (TSX:SPB) is pleased to announce that one of its wholly-owned subsidiaries has acquired all of the assets of a retail propane and distillate distribution company, operating under the tradename Holden Oil (“Holden”).

Founded in 1924, and located in Peabody, Massachusetts, Holden is an established independent retail energy distributor serving approximately 8,750 residential and commercial customers in the U.S. Northeast.

“The acquisition of Holden is Superior’s first acquisition in 2021 and expands our presence in an attractive region in Massachusetts. Holden has a good base of residential and commercial customers, and we anticipate this acquisition will provide excellent synergy opportunities with our existing operations in Massachusetts,” said Luc Desjardins, Superior’s President and CEO.

About the Corporation

Superior consists of two primary operating businesses: Energy Distribution includes the distribution of propane and distillates, and supply portfolio management; and Specialty Chemicals includes the production and sale of specialty chemicals.

For further information about Superior, please visit our website at: www.superiorplus.com or contact: Beth Summers, Executive Vice President and Chief Financial Officer, Tel: (416) 340-6015, or Rob Dorran, Vice President, Investor Relations and Treasurer, Tel: (416) 340-6003, E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it., Toll Free: 1-866-490-PLUS (7587).

Forward Looking Information

This news release contains certain forward-looking information and statements that are based on Superior’s current expectations, estimates, projections and assumptions in light of its experience and its perception of historical trends. In this news release, such forward-looking information and statements can be identified by terminology such as “approximately”, "anticipated”, “will”, and similar expressions. In particular, this new release contains forward-looking statements with respect to, among other things, the synergy opportunities from the acquisition of Holden.

Forward-looking information is not a guarantee of future performance and involves a number of risks and uncertainties some of which are described herein. Such forward-looking information necessarily involves known and unknown risks and uncertainties, which may cause Superior's actual results to differ materially from any projections of future results expressed or implied by such forward-looking information. Any forward-looking information is made as of the date hereof and, except as required by law, Superior does not undertake any obligation to publicly update or revise such information to reflect new information, subsequent or otherwise.

Beth Summers
Executive Vice President and Chief Financial Officer
Tel: (416) 340-6015
or
Rob Dorran
Vice President, Investor Relations and Treasurer
Tel: (416) 340-6003
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
Toll Free: 1-866-490-PLUS (7587)

HOUSTON--(BUSINESS WIRE)--Centurion Pipeline L.P. (“Centurion”) has announced that the Augustus Pipeline commenced service on schedule, December 1, 2020. The 20”/18” Augustus Pipeline provides true physical connectivity for WTI, WTL and WTSR from Midland, Texas, to Crane, Texas. The Augustus Pipeline originates from Centurion’s Midland Terminal, which has approximately 2 million barrels of storage capacity, and provides delivery to multiple long-haul pipelines at Crane.

Augustus Pipeline has multiple incentive rates. Shippers with questions about transportation should contact Scott Hutson at This email address is being protected from spambots. You need JavaScript enabled to view it..

About Centurion Pipeline L.P.

Centurion Pipeline L.P. is a crude oil pipeline operator that owns and operates approximately 3,000 miles of pipeline extending from southeast New Mexico across the Permian Basin of West Texas to Cushing, Oklahoma. With a significant crude oil storage facility in Midland, Texas, that has the capability to store approximately 2 million barrels of multiple qualities of crude oil, the company is well positioned to accommodate customer demand. Centurion is a wholly owned subsidiary of Lotus Midstream, LLC.

Casey Nikoloric
TEN|10 Group, LLC
303.433.4397, x101 o
303.507.0510 m
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DUBLIN--(BUSINESS WIRE)--The "High Purity Gas/Ultra High Purity Gas/Pure Gas - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Global High Purity Gas/Ultra High Purity Gas/Pure Gas Market to Reach US$35.7 Billion by the Year 2027

Amid the COVID-19 crisis, the global market for High Purity Gas/Ultra High Purity Gas/Pure Gas estimated at US$25.7 Billion in the year 2020, is projected to reach a revised size of US$35.7 Billion by 2027, growing at a CAGR of 4.8% over the analysis period 2020-2027.

Noble Gases, one of the segments analyzed in the report, is projected to grow at a 5% CAGR to reach US$11.4 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the High Atmospheric Gases segment is readjusted to a revised 5.3% CAGR for the next 7-year period. This segment currently accounts for a 24.9% share of the global High Purity Gas/Ultra High Purity Gas/Pure Gas market.

The U. S. Accounts for Over 29.5% of Global Market Size in 2020, While China is Forecast to Grow at a 4.5% CAGR for the Period of 2020-2027

The High Purity Gas/Ultra High Purity Gas/Pure Gas market in the U. S. is estimated at US$7.6 Billion in the year 2020. The country currently accounts for a 29.46% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$6.3 Billion in the year 2027 trailing a CAGR of 4.5% through 2027.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.6% and 3.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.9% CAGR while Rest of European market (as defined in the study) will reach US$6.3 Billion by the year 2027.

Carbon Gases Segment Corners a 20.9% Share in 2020

In the global Carbon Gases segment, USA, Canada, Japan, China and Europe will drive the 4.5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$4.3 Billion in the year 2020 will reach a projected size of US$5.9 Billion by the close of the analysis period.

China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$4.1 Billion by the year 2027.

The 132-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others:

• Advanced Specialty Gases, Inc.
• Air Liquide S. A.
• Air Products and Chemicals, Inc.
• AirGas, Inc.
• BASF SE
• GCE Group AB
• Gulf Cryo
• Linde AG
• Matheson Tri-Gas, Inc
• Messer Group
• Praxair Inc.

Key Topics Covered:

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Impact of Covid-19 and a Looming Global Recession
• Global Competitor Market Shares
• High Purity Gas/Ultra High Purity Gas/Pure Gas Competitor Market Share Scenario Worldwide (in %): 2018E

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

• World 15-Year Perspective for High Purity Gas/Ultra High Purity Gas/Pure Gas by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2012, 2018 & 2027
• World 15-Year Perspective for Noble Gases by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2018 & 2027
• World 15-Year Perspective for High Atmospheric Gases by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2018 & 2027
• World 15-Year Perspective for Carbon Gases by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2018 & 2027
• World 15-Year Perspective for Other Products by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2018 & 2027

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

IV. COMPETITION

• Total Companies Profiled: 41

For more information about this report visit https://www.researchandmarkets.com/r/fie5yy

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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Groundbreaking Invention Enables Electric Vehicles to Drive on a Single Charge - Increases Range by 400 to 1000 Percent (+)

SAN DIEGO--(BUSINESS WIRE)--After five years of quiet invention, innovation and testing, Hughes Tool Company today unveiled a revolutionary solution that eliminates the major challenges associated with battery limitations and battery chemistry for electric vehicles (EV). The company has created a patent protected solution that supplements existing battery fields, ultimately enabling an increase in range by 400 to 1000 percent (+)*.

Hughes Tool Company’s disruptive approach addresses the well-known obstacles and concerns hindering the widespread EV adoption due to battery limitations including:

1. Auto manufacturers rely almost exclusively on lithium-ion (Li-Ion) battery technology. Utilizing lithium-ion batteries comes with a litany of major challenges including cost, safety/explosions due to overcharging or fluctuating battery charging requiring a protection circuit to maintain safe operation, shelf life/aging and huge range limitations.
   
   Metals for lithium-ion batteries must be mined, resulting in strip-mining which is detrimental to the environment. Lithium-ion batteries contain other metals such as cobalt, nickel and manganese which also contribute to even more pollution.
   
   Further, when aged, the batteries are deposited in landfills creating toxicity and negative human health effects. This is due to the carcinogens or chemicals and toxic metals in batteries resulting in cancer or other serious health issues. There is currently not an effective or efficient recycling program for the safe disposal of EV batteries.
   
   
2. Additionally, the act of charging the EV battery stresses the existing aging power grid, causing even more issues associated with the exhaustive use of coal and other fossil fuels.
   
   And as EV adoption grows, utilities and other power generators are grappling with the issue of determining the power load needed to charge those vehicles, and how to forecast when—and where—that electricity will be needed. Currently, there is not a clear national plan for EV deployment and its effects on supply and demand of the existing power infrastructure grid.
   
   
3. Consumer concerns: Consumer anxiety is certainly a factor when considering widespread EV adoption. They include affordability, dealership issues, range anxiety, the fear of not finding a charging station, proximity to a charging station, time to charge, electricity costs, and a realistic understanding of just how long a charge will last if simultaneously using other vehicle amenities requiring power such as air conditioning, GPS, entertainment features, etc.
   
   Many consumers are reluctant to buy an EV due to these issues.

Stay tuned for more to come on this revolutionary shift in EV energy and power created by Hughes Tool Company, Inc.

About Hughes Tool Company

Hughes Tool Company, based in San Diego, CA, and founded by Anthony Macaluso, pays homage to Howard Hughes and his contributions to society through his groundbreaking inventions and perseverance. This legacy continues – the company is dedicated to solving climate and environmental related challenges with revolutionary technology innovation including bending the laws of physics.

For more information and to request an NDA, please visit www.hughestoolcompany.com.

*Range improvement dependent upon driving conditions and driver behavior.

SAFE HARBOR STATEMENT:

“Safe Harbor” Statement Under the Private Securities Litigation Reform Act of 1995: All statements in this press release that are not based on historical fact are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended. While management has based any forward-looking statements included in this press release on its current expectations, the information on which such expectations were based may change. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of risks, uncertainties, and other factors, many of which are outside of our control, which could cause actual results to materially differ from such statements. Such risks, uncertainties and other factors include, but are not limited to, risks associated with the effect of general economic and market conditions, the uncertainty regarding viability and market acceptance of the Company’s products and services, the manufacturing, placements and patient utilization of our products and services, the outcome of our assessment of strategic alternatives, our ability to obtain financing, our evaluation of strategic alternatives, our business strategy and our plan to build our business, including our strategy to be the leading provider of a solution that eliminates battery limitations for electric vehicles, the pace of change and innovation in the electric vehicle market, and the competitive nature of the market in which we participate. We operate in a highly competitive and rapidly changing environment where new and unanticipated risks may arise. Accordingly, investors should not place any reliance on forward-looking statements as a prediction of actual results. We disclaim any intention to, and undertake no obligation to, update or revise forward-looking statements to reflect events or circumstances that subsequently occur or of which we hereafter become aware, unless required by law.

Media Inquiries:
Christine Bock
714 206 9800
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COLUMBUS, Ohio & HERNDON, Va.--(BUSINESS WIRE)--#ArmadaPower--Armada Power, the industry leader in the delivery of highly secure, scalable, and non-invasive demand management technology, has entered a partnership agreement with NRTC to extend innovative energy-efficient technology to rural America. NRTC’s electric and telecommunications members will have the opportunity to offer Armada Power’s patented water heater management and thermal storage solutions.

NRTC makes technologies such as smart meters, DERMS platforms, and smart thermostats available throughout communities served by cooperative utilities. Armada Power will expand the NRTC advanced energy technology offerings to include grid control and thermal storage using intelligently managed, grid-connected water heaters.

“NRTC is focused on partnering with cutting-edge providers who can help us fulfill our mission of delivering innovative technology solutions to our members across America. Our collaboration with Armada Power offers our members a noninvasive way to save their members money through demand management,” said Greg Bartolomei, President, Smart Grid Solutions at NRTC. “We are very excited to be able to offer this unique solution from Armada Power.”

Armada Power’s solution includes the proprietary FleetCommander software platform working in conjunction with UL-listed optimizer technology. The combination aggregates individual water heaters into a secure grid resource.

The optimizer installs directly to an electric water heater in just 15 minutes and links to the cloud-based FleetCommander control platform. NRTC-member utilities then perform grid control functions like solar sponging, circuit-level control, and demand-response actions without impacting end-user comfort. In addition, individual households can take advantage of maintenance and energy efficiency savings, a win-win for NRTC’s co-op membership and the co-op’s own members.

“We believe this is a great partnership opportunity with NRTC,” said Armada Power President Timothy J. Harper. “Our solution offers many potential benefits for co-ops. We are the industry leader in non-invasive load shifting technology that enables co-ops to reduce their costs to serve members and improves reliability as new sources of generation evolve. Co-op members will also see benefits like leak detection, maintenance alerts and lower energy bills. We are thrilled to team up with an organization that has a strong reputation for providing innovative technologies to the co-op market and a track record of delivery success.”

About NRTC

NRTC is a member-driven, technology-focused cooperative. Founded in 1986, NRTC supports more than 1,500 rural utilities and affiliates in 48 states. Adhering to the Cooperative Principles created by its members, NRTC’s solutions help its electric and telephone members bring all the advantages of today’s evolving technology to rural America.

NRTC’s products and services are developed specifically to meet the needs of rural utilities and their customers, and include integrated smart grid and utility solutions, advanced energy, broadband infrastructure and managed network services, wireless technologies, and programming distribution capabilities for video providers. NRTC is headquartered in Herndon, VA.

About Armada Power

Armada Power is a transformative technology company that manufactures and incorporates smart technologies into a secure platform. This platform optimizes individual devices through secure, real-time, two-way communication into a larger, aggregated, controlled, and responsive grid tool. Armada Power is headquartered in Columbus, OH.

Media
NRTC
Chris Martin
VP of Member & Industry Relations
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www.nrtc.com

Armada Power
Dave Myers
Marketing Manager
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www.armadapower.com
614-918-7493

DUBLIN--(BUSINESS WIRE)--The "Energy Retrofit Systems - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

The publisher brings years of research experience to the 9th edition of this report. The 142-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Global Energy Retrofit Systems Market to Reach $185.2 Billion by 2027

Amid the COVID-19 crisis, the global market for Energy Retrofit Systems, estimated at US$84.3 Billion in the year 2020, is projected to reach a revised size of US$185.2 Billion by 2027, growing at a CAGR of 11.9% over the analysis period 2020-2027.

HVAC Retrofit System, one of the segments analyzed in the report, is projected to record a 12.8% CAGR and reach US$86.2 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the LED Retrofit Lighting segment is readjusted to a revised 11.9% CAGR for the next 7-year period.

The U.S. Market is Estimated at $24.9 Billion, While China is Forecast to Grow at 11.4% CAGR

The Energy Retrofit Systems market in the U.S. is estimated at US$24.9 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$32.3 Billion by the year 2027 trailing a CAGR of 11.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 10.4% and 10.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 8.7% CAGR.

Other Products Segment to Record 10.6% CAGR

In the global Other Products segment, USA, Canada, Japan, China and Europe will drive the 10.5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$22.3 Billion in the year 2020 will reach a projected size of US$44.9 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$21.8 Billion by the year 2027.

Competitors identified in this market include, among others:

• AECOM
• Ameresco, Inc.
• Chevron Corporation
• Daikin Industries Ltd.
• Eaton Corporation PLC
• Johnson Controls International PLC
• Orion Energy Systems, Inc.
• Schneider Electric SA
• Trane, Inc.

Key Topics Covered:

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Global Competitor Market Shares
• Energy Retrofit Systems Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
• Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

• Total Companies Profiled: 44

For more information about this report visit https://www.researchandmarkets.com/r/n7jfi9

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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BELLEVILLE, Ill.--(BUSINESS WIRE)--Illinois American Water is accepting applications for the company’s 2021 Environmental Grant Program. The program provides funding of up to $10,000 to innovative, community-based projects.

For over a decade, Illinois American Water has awarded environmental grants to diverse initiatives across Illinois. According to Illinois American Water President Justin Ladner, “more than $247,000 has been contributed to 74 projects since the program began in 2009.” He said, “At Illinois American Water we know how precious our water resources are, and we want to do our part to protect the environment. Our efforts include green practices like recycling, using solar to generate power, partnering with farmers to apply residuals and biosolids, wise water use education, and more. We are excited to also partner with local environmental heroes to improve, protect, and restore watersheds.”

Past projects supported by Illinois American Water’s environmental grant program have included watershed cleanups, reforestation efforts, biodiversity projects, streamside buffer restoration projects, wellhead protection initiatives, hazardous waste collection efforts, water protection education efforts, and more.

To apply for an Environmental Grant, an organization’s project must take place in an Illinois American Water service area. The project must also:

• Address a source water or watershed protection need in the community.
• Be completed between May 1, 2021 and November 30, 2021.
• Introduce a new community initiative or serve as a significant expansion to an existing program.
• Be carried out by a formal or informal partnership between two or more organizations.
• Provide evidence of sustainability (continued existence after grant monies are utilized).

Grant information and application forms can be found at www.illinoisamwater.com under the News & Community tab. Applications should be emailed to This email address is being protected from spambots. You need JavaScript enabled to view it. by March 29, 2021.

Last year, Illinois American Water awarded eight grants totaling over $25,000 as follows:

• Bolingbrook Park District received a $3,500 grant for the Phase IV DuPage River and Hidden Lakes Bank Stabilization and Habitat Enforcement Project to purchase native plugs and coconut logs to absorb water flow and sediment.
• Champaign County Environmental Stewards (CCES) received a $1,067 grant to expand the limited battery collection process in Champaign County.
• Conservation Foundation in Naperville received a $5,000 grant to work with the DuPage and Will County Forest Preserves to strategically place signs, pet waste bags and trash cans. This effort prevents waste from entering local water ways.
• Friends of Fox River (FOFR) received a $2,500 grant to support expanding water quality education and story mapping projects by creating stream guides.
• Nature at the Confluence in South Beloit received a $3,700 grant for environmental improvement efforts in the Rock River watershed by cleaning the river and creek banks. Signage for the Kelly Creek watershed was installed and a new public use trail was constructed.
• Peoria Park District received an $860 grant to support the Illinois River Sweep. Funds were used to supply gloves, trash bags, dumpsters, and tire recycling.
• St. Paul’s Episcopal Church in Peoria received a $5,000 grant to support efforts to decrease storm water runoff. By building a rain garden and butterfly sanctuary the group will help decrease storm water runoff.
• Urbana Park District received a $4,000 grant to support the Meadowbrook Park Habitat Enhancement and Floodplain Prairie Expansion Project.

Ladner said, “Everyone has the ability to positively impact their local watershed and source water. Some of our greatest water savers are our young customers who turn off the water when brushing their teeth and remind their parents to do the same. Everyone can be an environmental hero.”

He added that staying informed about what goes into providing safe reliable water service is also impactful. Illinois American Water customers can access their water quality report by zip code at www.illinoisamwater.com under the Water Quality tab. Wise water use tips can also be found on the company’s website.

About Illinois American Water - Illinois American Water, a subsidiary of American Water (NYSE: AWK), is the largest investor-owned water utility in the state, providing high-quality and reliable water and/or wastewater services to approximately 1.3 million people. American Water also operates a customer service center in Alton and a quality control and research laboratory in Belleville.

With a history dating back to 1886, American Water is the largest and most geographically diverse U.S. publicly traded water and wastewater utility company. The company employs more than 6,800 dedicated professionals who provide regulated and market-based drinking water, wastewater and other related services to 15 million people in 46 states. American Water provides safe, clean, affordable and reliable water services to our customers to make sure we keep their lives flowing. For more information, visit amwater.com and follow American Water on Twitter, Facebook and LinkedIn.

Illinois American Water ranked #1 in Customer Satisfaction
with Large Water Utilities in the Midwest according to the J.D. Power
2020 Water Utility Residential Customer Satisfaction Study
For J.D. Power 2020 award information, visit jdpower.com/awards

Media Contact: Karen Cotton, External Affairs Manager, 309.566-4126 or This email address is being protected from spambots. You need JavaScript enabled to view it.

TORONTO--(BUSINESS WIRE)--#BDC--Toronto-based Peak Power (Peak) announced today that it has received further funding from BDC Capital, the investment arm of BDC and Canadian Shield Capital, the investment arm of Hatch, a global engineering consultancy. BDC Capital and Canadian Shield Capital join Export Development Canada (EDC) and Sensata Ventures as investors to support Peak’s global expansion.

The announcement represents the second close in Peak’s financing round aimed at funding rapid expansion of Peak’s Synergy™ platform, which is already deployed in over 15 million square feet of commercial and industrial real-estate in Ontario, New York, and California. Peak’s AI-powered Synergy™ platform optimizes the operation of buildings, and distributed energy resources (DERs) like batteries and electric vehicle chargers for some of North America’s largest real-estate and energy players.

“Our differentiated capabilities are keeping us very busy, on both the supply and demand sides of the energy market, across the full spectrum of climate change mitigation activities,” said Robert Francki, Global Managing Director, Energy at Hatch. “This is a key investment theme for both Hatch and our clients, and we believe Peak Power has the team and technology to help commercial buildings reduce their power consumption and emissions, which we believe is an important market.”

Andrew W. Dunn, Managing Partner at Canadian Shield Capital, remarked, “We see more and more organizations identifying, prioritizing, and addressing energy and greenhouse gas reduction opportunities, and we believe Peak Power is a leading player in this space in North America.”

“Peak Power has established itself as a leading solutions provider at the nexus of smart buildings, clean energy, and electric mobility with several highly successful deployments of their building optimization, energy storage and vehicle-grid integration products,” said Zoltan Tompa, Director of BDC’s Cleantech Practice. “BDC is proud to partner with Peak in helping them to accelerate their market and environmental impact.”

Derek Lim Soo, CEO and Co-Founder of Peak Power, said of the investments, “We are excited to welcome the support of Hatch and BDC. We look forward to the prospect of working with Hatch in serving our customers and expanding our platform, combined with BDCs depth of experience and history in helping Canada’s entrepreneurial ventures grow. With our expanding network of strategic partners and investors, Peak is ready for the next phase of our global growth.”

About Peak Power

Founded in 2015, Peak Power develops AI-powered software to enable intelligent energy in smart cities. They do so by optimizing synthetic, stationary, and mobile batteries to act as grid resources, unlocking revenues for customers, reducing their operating costs, and decreasing their environmental footprint.

About Hatch

Hatch is a global multidisciplinary management, engineering, and development consultancy. Whatever our clients envision, our teams can deliver. With over six decades of business and technical experience in the mining, energy, and infrastructure sectors, we understand that your challenges are changing rapidly. Our solutions are innovative, timely, and more efficient. We draw upon 9,000 staff with experience in over 150 countries to challenge the status quo, creating positive change for our clients, employees, and the communities we serve.

About Canadian Shield Capital

Canadian Shield Capital is a long-term private equity and growth capital investor focused on identifying and leveraging long-term demographic, social, and macroeconomic trends. Canadian Shield Capital serves as Hatch's investment arm and favours businesses with strong, capable, collaborative leadership where there is the potential to draw upon and benefit from Hatch’s extensive industry expertise and strong client relationships. We support our partners with capital and expertise to build networks, improve processes, implement new technologies, refinance, and adapt to changing market dynamics.

About BDC Capital

BDC Capital is the investment arm of BDC, the bank for Canadian entrepreneurs. With over $3 billion under management, BDC Capital serves as a strategic partner to the country’s most innovative firms. It offers businesses a full spectrum of capital, from seed investments to growth equity, supporting Canadian entrepreneurs who have the ambition to stand out on the world stage. Visit bdc.ca/capital.

BDC CAPITAL
Media relations
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1-844-625-8321

HATCH
Lindsay Janca
Global Director, Public Relations
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905-403-4199

CANADIAN SHIELD CAPITAL
Victoria Ferretti
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416-953-4640

PEAK POWER
Mike Skirzynski
Director, Strategy & Corporate Development
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Heavy rain, low snow and gusty winds increase the chance of outages

PG&E monitoring the weather, pre-positioning crews and resources ahead of the storms

SAN FRANCISCO--(BUSINESS WIRE)--Pacific Gas and Electric Company’s (PG&E) team of meteorologists is forecasting a series of winter storms over the next several days. PG&E is encouraging customers to be prepared and have a plan in case of weather-related power outages.

The storm series is shaping up to be an atmospheric river-type event with widespread heavy rain, gusty winds, and heavy, low-elevation snow, and will unfold Tuesday afternoon and continue into Thursday. The effects will be felt across the entire PG&E service area, particularly in the Sierra foothills, where snow levels could drop as low as 2,000 feet. At higher elevations, accumulation could mean several feet of snow.

“While cold temperatures, heavy mountain snow, and precipitation will deliver some much-needed moisture to our drought-impacted region, we expect this adverse weather to also result in some weather-related power outages. We’re urging our customers to stay safe and have a plan. Our team is closely watching this storm series and where it could hit the hardest so we’re ready to restore power safely and efficiently,” said PG&E Manager of Meteorology and Fire Science, Scott Strenfel.

PG&E’s meteorology team leverages its Storm Outage Prediction Model that incorporates real-time weather forecasts, 30 years of historical weather and outage data along with system knowledge to accurately predict when and where storm impacts will be most severe. This model enables the company to pre-stage crews, equipment and resources as storms approach to enable rapid response to outages.

Along the North Coast and in the Sacramento Valley, over a 48-hour period starting Tuesday night, two to four inches of rain are possible for low-elevation and urban areas, with six to eight inches of snow accumulation across elevated terrain and through the northern Sierra. In the Central and Southern Sierra, PG&E meteorologists say, heavy mountain snows will occur and gusty winds are expected to develop, with the strongest gusts peaking around 55-65 mph; in the Bay Area, this system will bring moderate to heavy rainfall and gusty winds through Thursday evening, with a slight possibility of some snow accumulation on the highest peaks of the surrounding hills.

The National Weather Service’s Sacramento office has issued a Winter Storm Watch for some areas, forecasting that snow levels could be 18-24 inches in Quincy, 24-36 inches at Yosemite National Park, 36-48 inches in Mt. Shasta City and 60-80 inches at the Tioga Pass.

Storm Safety Tips:

• Never touch downed wires: If you see a downed power line, assume it is energized and extremely dangerous. Do not touch or try to move it—and keep children and animals away. Report downed power lines immediately by calling 911 and by calling PG&E at 1-800-743-5002.
• Use flashlights, not candles: During a power outage, use battery-operated flashlights, and not candles, due to the risk of fire. If you must use candles, please keep them away from drapes, lampshades, animals and small children. Do not leave candles unattended.
• Have a backup phone: If you have a telephone system that requires electricity to work, such as a cordless phone or answering machine, plan to have a standard telephone or cellular phone ready as a backup.
• Have fresh drinking water, ice: Freeze plastic containers filled with water to make blocks of ice that can be placed in your refrigerator/freezer during an outage to prevent foods from spoiling. Blue Ice from your picnic cooler also works well in the freezer.
• Secure outdoor furniture: Deck furniture, lightweight yard structures and decorative lawn items should be secured as they can be blown by high winds and damage overhead power lines and property.
• Use generators safely: Customers with standby electric generators should make sure they are properly installed by a licensed electrician in a well-ventilated area. Improperly installed generators pose a significant danger to customers, as well as crews working on power lines. If using portable generators, be sure they are in a well-ventilated area.
• Turn off appliances: If you experience an outage, unplug or turn off all electrical appliances to avoid overloading circuits and to prevent fire hazards when power is restored. Simply leave a single lamp on to alert you when power returns. Turn your appliances back on one at a time when conditions return to normal.
• Safely clean up: After the storm has passed, be sure to safely clean up. Never touch downed wires and always call 811 or visit 811express.com at least two full business days before digging to have all underground utilities safely marked.

For the most up-to-date information on outages, please visit pge.com/outagemap

About PG&E

Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is one of the largest combined natural gas and electric utilities in the United States. Based in San Francisco, with more than 23,000 employees, the company delivers some of the nation’s cleanest energy to nearly 16 million people in Northern and Central California. For more information, visit www.pge.com/ and www.pge.com/en/about/newsroom/index.page.

MEDIA RELATIONS:
415-973-5930

• 163MW Elm Branch and 153MW Briar Creek solar projects expected to offset greenhouse gas emissions by a total of 370,000 metric tons of CO₂ annually
• Power contracts with energy partners Allianz and L3Harris Technologies supported project financing
• Projects will create 500 or more local jobs during construction

DALLAS--(BUSINESS WIRE)--#cleanenergy--Lightsource bp has successfully closed on a $380 million financing package and mobilized construction on its Elm Branch and Briar Creek solar projects in Texas, both located about 40 miles south of Dallas. Tax equity financing for the projects was secured from Bank of America. The debt for the facilities was provided by the following mandated lead arrangers:

• ING Capital LLC, a financial services firm offering a full array of wholesale financial lending products and advisory services to its corporate and institutional clients. ING Capital LLC is an indirect U.S. subsidiary of ING Bank NV, part of ING Group NV (NYSE: ING), a global financial institution.
• Societe Generale, one of the leading European financial services groups, employing over 138,000 members of staff in 62 countries and supporting on a daily basis 29 million individual clients, businesses and institutional investors around the world.

The balance of the equity requirements will be invested by Lightsource bp. CohnReznick Capital was engaged as the tax equity advisor for the transaction.

Kevin Smith, CEO of the Americas, Lightsource bp: “This transaction is a demonstration of the low risk and stable yield opportunities that renewable energy projects offer to investors, the quality and bankability of our developed assets, and the confidence that top tier investors have in Lightsource bp. Despite challenges posed with COVID-19, Lightsource bp reached financial close on over $1.2 billion in transactions in the US in 2020, a substantial increase from 2019.”

Financing facilitated by partners committed to supporting the growth of renewable energy

Power contracts secured with energy partners played a key role in supporting investment and financing of this new clean energy infrastructure in Texas:

• a virtual power purchase agreement (VPPA) with L3Harris Technologies for up to 100 megawatts of capacity from Elm Branch, and
• a proxy generation power purchase agreement (pgPPA) with the Capital Solutions unit of Allianz Global Corporate & Specialty (AGCS) with respect to the electricity generated by Briar Creek.

Construction has started with commercial operation of both projects expected by late 2021. McCarthy Building Companies was selected by Lightsource bp as their Engineering, Procurement, and Construction (EPC) Contractor for the project. The McCarthy team was selected for both their track record in successfully building large-scale solar projects and their commitment to recruiting and hiring from the local workforce.

Scott Canada, executive vice president of McCarthy’s Renewable Energy & Storage team: “We are honored to be part of the team that is bringing clean energy to these Texas communities. Around the country we are seeing the positive impact that solar energy can have on communities as they embrace clean energy solutions to attract large companies with renewable energy goals, and serve to provide career opportunities in the growing solar construction sector. Through our well-structured training program and rigorous design-phase planning we’re able to help those in the local workforce while also building some of the most efficient solar facilities that provide long-term reliable energy to their customers, which is why we do what we do. It’s very rewarding!”

About Lightsource bp

Lightsource bp is a global leader in the development and management of solar energy projects, and a 50:50 joint venture with bp. Our purpose is to deliver affordable and sustainable solar power for businesses and communities around the world. Our team includes over 500 industry specialists, working across 14 countries. We provide a full service to our customers, from initial site selection, financing and permitting through to long-term management of solar projects. Lightsource bp in the U.S. is headquartered in San Francisco with development offices in Denver, Philadelphia, Atlanta and Houston. Since late 2017, the team has developed a pipeline of more than 8 gigawatts of large-scale solar projects at various stages of development across the United States with about 2 gigawatts of contracted assets representing almost $2 billion in near term projects. For more information visit lightsourcebp.com, follow us on Twitter @lightsourceBP and Instagram @lightsourcebp or view our LinkedIn page.

For media inquiries, or to set up an interview with Kevin Smith or the landowners, please contact Mary Grikas at This email address is being protected from spambots. You need JavaScript enabled to view it..

Resources

Announcement video

Elm Branch project website

Briar Creek project website

Mary Grikas
This email address is being protected from spambots. You need JavaScript enabled to view it..

HOUSTON--(BUSINESS WIRE)--$HESM--Hess Midstream LP (NYSE: HESM) (“Hess Midstream”), today announced that the Board of Directors of its general partner declared a quarterly cash distribution of $0.4471 per Class A share for the quarter ended December 31, 2020. The distribution represents a 1.2% increase compared to the distribution on the Hess Midstream Class A shares for the third quarter of 2020, which equals a 5% increase on an annualized basis. The distribution will be payable on February 12, 2021 to shareholders of record as of the close of business on February 4, 2021.

About Hess Midstream

Hess Midstream LP is a fee-based, growth-oriented midstream company that operates, develops and acquires a diverse set of midstream assets to provide services to Hess Corporation and third-party customers. Hess Midstream owns oil, gas and produced water handling assets that are primarily located in the Bakken and Three Forks Shale plays in the Williston Basin area of North Dakota. More information is available at www.hessmidstream.com.

Investor Contact:
Jennifer Gordon
(212) 536-8244

Media Contact:
Robert Young
(346) 319 8783

DUBLIN--(BUSINESS WIRE)--The "Ethylene Vinyl Acetate Market - Growth, Trends, and Forecast (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.

The global ethylene vinyl acetate market is estimated to witness a healthy growth, at an estimated CAGR of over 4%, over the forecast period.

Companies Mentioned

• Arkema Group
• Asia Polymer Corporation
• BASF SE
• Braskem
• Celanese Corporation
• Dow
• Exxon Mobil Corporation
• Hanwha Group
• LANXESS
• LyondellBasell Industries Holdings B.V.
• Repsol
• Sipchem
• Sumitomo Chemical Co., Ltd.
• Tosoh Corporation

Key Market Trends

Solar Cell Encapsulation - A Huge Market Potential

Ethylene Vinyl Acetate (EVA) is used for the encapsulation of photovoltaic (PV) modules in the majority of solar cells due to the advantages such as good light transmittance and elasticity, excellent melt fluidity, low processing temperature, and adhesive property.

• Solar power industry is one of the fastest growing industries in the world. According to International Energy Agency (IEA), this industry accounts for almost two-thirds of net power capacity worldwide. The value of solar power was estimated USD 86 billion in year 2015 and is projected to reach USD 422 billion by year 2022.
• The United States is the second-largest PV market after China. According to Solar Energy Industries Association (SEIA), the solar industry generated USD 17 billion investment in the American economy.
• India's annual Solar PV additions have been doubled, with 9.6GW coming online, due to government's policy to increase the share of solar power in the country's energy mix and also due to falling down equipment prices globally.
• Whereas, in Japan solar PV capacity growth slowed down by 12% to 7GW and in European Union, annual PV additions remain stable at below 6GW.
• Owing to all these factors, the market for ethylene vinyl acetate is likely to grow across the world during the forecast period.

Asia-Pacific Region to Dominate the Market

Asia-Pacific dominated the global market with a share of more than 45%. With growing packaging and power industries in countries like China, India, Japan, and South Korea, the consumption of EVA is increasing in the region.

• China has the second-largest packaging industry in the world. The country is expected to witness a consistent growth during the forecast period, owing to the rise of customized packaging, increased demand for packaged consumerist goods, in the food segment, like microwave food, snack foods, and frozen foods, etc.
• Moreover, the country witnessed rapid growth in the fast-moving consumer goods (FMCG) sector in the recent past. The growth of the FMCG market was majorly driven by the increased spending on premium and healthier products by the middle-class consumers in the country.
• Additionally, India has the fifth-largest packaging industry worldwide which is growing at a significant rate. The country's packaging industry is majorly driven by growing innovation in industries to make their products compact and portable.
• Due to all such factors, the market for ethylene vinyl acetate in the region is expected to have a steady growth during the forecast period.

Key Topics Covered:

1 INTRODUCTION

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Drivers

4.1.1 Growing Demand from Packaging Industry

4.1.2 Increasing Usage of Renewable Energy Sources

4.1.3 Other Drivers

4.2 Restraints

4.2.1 Increasing Threat of Substitutes

4.2.2 Other Restraints

4.3 Industry Value-Chain Analysis

4.4 Porters Five Force Analysis

4.5 Import & Export Trends

4.6 Price Trends

4.7 Feedstock Analysis

5 MARKET SEGMENTATION

5.1 Grade

5.1.1 Low Density

5.1.2 Medium Density

5.1.3 High Density

5.2 Application

5.2.1 Films

5.2.2 Adhesives

5.2.3 Foams

5.2.4 Solar Cell Encapsulation

5.2.5 Other Applications

5.3 Geography

5.3.1 Asia-Pacific

5.3.1.1 China

5.3.1.2 India

5.3.1.3 Japan

5.3.1.4 South Korea

5.3.1.5 Rest of Asia-Pacific

5.3.2 North America

5.3.2.1 United States

5.3.2.2 Canada

5.3.2.3 Mexico

5.3.3 Europe

5.3.3.1 Germany

5.3.3.2 United Kingdom

5.3.3.3 Italy

5.3.3.4 France

5.3.3.5 Rest of Europe

5.3.4 South America

5.3.4.1 Brazil

5.3.4.2 Argentina

5.3.4.3 Rest of South America

5.3.5 Middle-East and Africa

5.3.5.1 Saudi Arabia

5.3.5.2 South Africa

5.3.5.3 Rest of Middle-East and Africa

6 COMPETITIVE LANDSCAPE

6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

6.2 Market Share Analysis**

6.3 Strategies Adopted by Leading Players

6.4 Company Profiles

6.4.1 Arkema Group

6.4.2 Asia Polymer Corporation

6.4.3 BASF SE

6.4.4 Braskem

6.4.5 Celanese Corporation

6.4.6 Dow

6.4.7 Exxon Mobil Corporation

6.4.8 Hanwha Group

6.4.9 LANXESS

6.4.10 LyondellBasell Industries Holdings B.V.

6.4.11 Repsol

6.4.12 Sipchem

6.4.13 Sumitomo Chemical Co., Ltd.

6.4.14 Tosoh Corporation

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

7.1 Introduction of Renewable Bio-based EVA

For more information about this report visit https://www.researchandmarkets.com/r/px8nze

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

For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

Ring Expects Meaningful Annual Cost Savings from Relocations and Related Closures

THE WOODLANDS, Texas--(BUSINESS WIRE)--Ring Energy, Inc. (NYSEAM: REI) (“Ring” or “the Company”) announced today that its corporate headquarters was relocated to the greater Houston area effective January 19, 2021. The new address of the Company’s headquarters is 1725 Hughes Landing Blvd, Suite 900, The Woodlands, Texas 77380. Additionally, Ring has closed its Andrews, Texas field office, downsized its Midland office and will be closing its Tulsa office at the end of the first quarter 2021. These initiatives will result in meaningful annual general and administrative (“G&A”) cost savings as the Company is decreasing its overall office space and lease costs.

Mr. Paul D. McKinney, Ring’s Chief Executive Officer and Chairman of the Board, stated, “We are implementing a new strategic vision for Ring and relocating our headquarters to The Woodlands is one of the key first steps in this process. We wanted to reduce our fixed G&A costs, while increasing our accessibility to the diverse and experienced energy workforce in the greater Houston area, and this move accomplishes both objectives. In addition, we are consolidating all of our executive management team and relocating all accounting functions into our new Woodlands headquarters. The combination of these actions is expected to result in a 15 percent annualized office-related G&A cost savings. We look forward to continuing to lower our break-even costs while increasing our free cash flow generation with our long-lived conventional assets in the heart of the Permian Basin.”

About Ring Energy, Inc.

Ring Energy, Inc. is an oil and gas exploration, development, and production company with current operations focused on the conventional development of its Permian Basin assets in West Texas and New Mexico. For additional information, please visit www.ringenergy.com.

Safe Harbor Statement

This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements involve a wide variety of risks and uncertainties, and include, without limitations, statements with respect to the Company’s strategy and prospects. Such statements are subject to certain risks and uncertainties which are disclosed in the Company’s reports filed with the SEC, including its Form 10-K for the fiscal year ended December 31, 2019, its Form 10Q for the quarter ended September 30, 2020 and its other filings with the SEC. Readers and investors are cautioned that the Company’s actual results may differ materially from those described in the forward-looking statements due to a number of factors, including, but not limited to, the Company’s ability to acquire productive oil and/or gas properties or to successfully drill and complete oil and/or gas wells on such properties, general economic conditions both domestically and abroad, and the conduct of business by the Company, and other factors that may be more fully described in additional documents set forth by the Company.

David A. Fowler, Investor Relations
Ring Energy, Inc.
(432) 682-7464

DUBLIN--(BUSINESS WIRE)--The "Global Landing String Equipment Market 2021-2025" report has been added to ResearchAndMarkets.com's offering.

The publisher has been monitoring the landing string equipment market and it is poised to grow by $310.00 million during 2021-2025 progressing at a CAGR of 6% during the forecast period.

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

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the rise in deepwater and ultra-deepwater E&P activities and growing demand for oil and natural gas.

The landing string equipment market analysis includes application segment and geographical landscapes. This study identifies the increase in global offshore rig count as one of the prime reasons driving the landing string equipment market growth during the next few years.

Companies Mentioned

• Enovate Systems Ltd.
• Expro Holdings UK2 Ltd.
• National Oilwell Varco Inc.
• Quail Tools LP
• Schlumberger Ltd.
• Superior Energy Services Inc.
• thyssenkrupp AG
• Vallourec SA
• WellPartner AS
• Yantai Enerserva Machinery Co. Ltd.

The report on landing string equipment market covers the following areas:

• Landing string equipment market sizing
• Landing string equipment market forecast
• Landing string equipment market industry analysis

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

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

Key Topics Covered:

1. Executive Summary

• Market Overview

2. Market Landscape

• Market ecosystem
• Value chain analysis

3. Market Sizing

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

4. Five Forces Analysis

• Five force summary
• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

5. Market Segmentation by Application

• Market segments
• Comparison by Application
• Deepwater - Market size and forecast 2020-2025
• Ultra-deepwater - Market size and forecast 2020-2025
• Shallow water - Market size and forecast 2020-2025
• Market opportunity by Application

6. Customer landscape

7. Geographic Landscape

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

8. Vendor Landscape

• Vendor Landscape
• Landscape disruption

9. Vendor Analysis

• Vendors covered
• Market positioning of vendors
• Enovate Systems Ltd.
• Expro Holdings UK2 Ltd.
• National Oilwell Varco Inc.
• Quail Tools LP
• Schlumberger Ltd.
• Superior Energy Services Inc.
• thyssenkrupp AG
• Vallourec SA
• WellPartner AS
• Yantai Enerserva Machinery Co. Ltd.

10. Appendix

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

For more information about this report visit https://www.researchandmarkets.com/r/ril1vl

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• $0.4714 cents per unit distribution declared payable on February 19, 2021

HOUSTON--(BUSINESS WIRE)--The Board of Directors of Westlake Chemical Partners GP LLC, the general partner of Westlake Chemical Partners LP (the "Partnership") (NYSE:WLKP), has declared a distribution by the Partnership of $0.4714 per unit. This is the 26th consecutive quarterly distribution announced by the Partnership since its initial public offering. The distribution will be payable on February 19, 2021, to unit holders of record on February 4, 2021.

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

About Westlake Chemical Partners LP

Westlake Chemical Partners is a limited partnership formed by Westlake Chemical Corporation to operate, acquire and develop ethylene production facilities and other qualified assets. Headquartered in Houston, the Partnership owns a 22.8% interest in Westlake Chemical OpCo LP. Westlake Chemical OpCo LP’s assets include three facilities in Calvert City, Kentucky, and Lake Charles, Louisiana which process ethane and propane into ethylene, and an ethylene pipeline. For more information about Westlake Chemical Partners LP, please visit http://www.wlkpartners.com.

Media Inquiries:
Westlake Chemical Corp.
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or

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